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<br /> inciuding tlooda or floodiag,for which L.ead�r ra�uins lnsurAace.Thls insurenca shall ix mainteined in thc amouaw end
<br /> for the pedoda that l�derrequires.'IUe inauranoe curier pmvtdlng the Insurance shell be chosen by Borcower subject to —
<br /> Lender'e Approval which chall not be unmasoa�bly withheld. If Horrower fails� co maiatain coverage desedbed above,
<br /> Lender may.at Lender's optloa. obtalu caverage to protat Leader's dghts in the Properry in accordance wlth paragcapb _
<br /> , 7.
<br /> All insurance policles and reaewals ehail be acceptable to Lender and shall iniclude a ataadud rnortgage clause.
<br /> Lender ahall have the right to hold the policles ead renewals.lf�.enrier rec�u;res, Borrower shall promptly give to Lender -
<br /> .,� aU rereipta of patd premivaLS and renewal noticea.In the event of loss.Borrower shall give pmmpt notia to the insurance
<br /> � arrler ettd Ixnder.Leader may malce proof of lou if not made prou�tly by Borrower.
<br /> Unless Lxnder and Borrower otherwlse agree in wrlting.insvrance rocads sha11 be aPPlial to restoration or air
<br /> gee p
<br /> of the Property dameSed�if the restoruion or r�pur ie ecoaomically fcaaible an3 Lender's seciuity is not lesaened.I the
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<br /> - restoration or repair is not economically feasible or Lender's soeutlty would be lessened�the lnsvrAace procads ahaU be
<br /> � � applied to the aums secural by this SecurIty Insuumeat,whether or not then due, with�ny exces�Qaid to Borrower. If
<br /> ' Borrowa abandons the Property,or does not answer wlthin 30 days a noNce from I.ender that the insuruux carrler ht� -,
<br /> � ,. offere�to settle�cleim.then Lender may collert the lnsurance procoed�. Lender may use th�pmceeds to repair or nstore =
<br /> � the Property or to pay sums sxural by this Seturity Instrument.whcther or aot then due. 'Ihe 30-day penod wlll begin
<br /> ' ' i: when the notice is gIven. ��
<br />� Unless Leader and Borrower otherwise agee in wdting,any applicadon of proceeds to princi�al shall not extend or F--
<br /> � postpone the due datc of tEe mont6ly payments referred to in paragraphs 1 9nd Z or cIiaa�e t�amount of tbe payme�ts. If �
<br /> � under P�grapD 21 thc Propercy is a�oquired by l.ender, Borrower's rlght W an.y ineur�une galicies enrl �mc,eeds nsultin8 —
<br /> ' from daav�t to the Propaty pnot ta t6e acquisldon shall�,�t�L+ender to thr,eha:nt af tiie siuns socunxi by tbis Securlry
<br /> Instru..�xat immMlately or to tht acquisidon. _
<br /> 6. O�cupancY. aHon, Maintemaoe end @a+o¢�lon of the �co�rer..�; °t�rrow� •'s Loa► A��pli�a4inni
<br /> Leaahoid9. 23nrn►wer ahdl occupy, establish. md use the Proptrty as Bozrower'3 pr�ncipal residencc within sixty da��
<br /> after tite exxntion of ttiia Security Iasuument aad shall continue to uccupy tbe Pro�aerty as Rarrower's principal resldence
<br /> for at least oue year afia t6e date of occupancq,unless Lender otherwise agrees in ws�ti�, whlch consent ehall not be
<br /> - ' unr�on�bly wiehheld, aunless exunuatinng circumstances eaist wl�ich are beyoad Borrc+wEr'8 COAtt01. Bort+nwer sh�il aot
<br /> desuoy, damage or lmp�r the I'roperty. allow�he Property to deterIorate, or comant w.rste oa the Propert�. Bormwer
<br />- ,, st�ll be in default lf any forfeiture acdon or pcoceeding,whether civll or crlmiaal. is begun that ia l.eader e good faith
<br /> judgmeat c:ould result fe Forfeiture of the Property or othenvlse materIally impair t�e lien created by this Securlty
<br /> ' � �nstcumeat or L.eader's �intenst. Borrower msy cure such a default and reinstate,as provided in pu�graph 18,by
<br />= causing We action or p g w be dismissed with a niljng that, in Leader's good faith deter�ination. Precludes
<br /> �� forfeiture of the Bomowa's Intcrest in the Pmperty or otl�a materlal imt��imxat of the lien cmted by tl�iis Securlty
<br /> instcument or I.ender's aeaulry interest.gorrowu shali also be in default if�orrower,dt�rkng the loan applicadon proceas.
<br /> -_— g�ve materiaUv false or inaccurate infarmation or staument�to Lender(or failed to�.!;ovide I.ender wlth aay materW
<br />-• ' infom�ation)in oonuect�oa wlth the lom evldenad by the Note. including.but not liiaited to, repraeau[io�
<br />�,�,�•,. Borrower's occupancy �f U�e Property es a principal nsideuce.If this Securlty Inatrumeat la on a leaxhold,Bomow�
<br /> _.� comply wIW all We pxuvUiona of the lease. If Horrower ocquires fa tide to the Property, the Iwsehold aad the fee tItle
<br /> :�,• . sball not merge unlesa Laider agrees to the m�rger 3a wrldng.
<br />-=:,�f�.;,.��;•:: 7.Protedion �uf Leada�'s Righb in the Propaty. If Borrower fails to perfonn thc ooveoanta and ta
<br />'�' . , ' :� contained ia thie Secudty Inauvment,or there Is a legd p:nceoding that assy e��csmtly sffect Lendet's ri ta in t�e
<br /> i= � "' ' Property such ae a pr�ocading in bankn�ptcy, probue, for condemnuion or forfe3ture or to eafora lawa or regul�aons),
<br /> -,�`��},w.,:�.,...� then�may do and psy for whAtever is nxtseary to protect the value of the P n operty A n d L e a d e r's d g hW i n t he
<br />�;��:°_��::.;�:,;�, Prnperty. Lender's acdoas aiay include payieR any sums secured by a lien which has prlorIty over this Security
<br /> -- '•�-:_,.�.,.: . Insuument.aP 8 iacourt. paying reasoriabk attorneys'fces and entering on the Property to nuice npairs. Althongri
<br /> —�:.;�K:.•,-. L�cnder msy�on under thiapa�rsph 7,Lender dces not have to do so.
<br />�5:��:r.s,_�;:,, Any amounts disbucsed by Leader underthi.9 paragraph 7 shall become addidonal debt of Borrower secured by this
<br />_��;;=��_� Securlty Instivment.LJnkss Borrower and Lender agroe to other terms of paya�ent.these amounta ahtll bear inten�st from
<br /> _ ��-a the date of disbursenunt ai the Nou rate and shall be payable. with interest, upoa notice from Y.ender to Horrowtr
<br />---:;�,:,:,:����;,. c t'e4ueadnBPaYment•
<br /> '�'°_'�!'`b�=��'�' 8.Mortsa�e Insuranoe. If Lender requirod mortgage insurance as a condition of making the lou►secured by this
<br /> -- __-,-��%=r=� Securlty Instrumeat,Bortower shaU pay the pmniums roquirod to ms3nWn the mortgagc insurause ia effect. If,for any
<br /> „�„�`-"°�'— ' rwson, the mortg�ge imuraace eoverage requlred by Leader lapses or ceasea to be in effxt� Borrowec ahAU pay the
<br /> _"".��:• premiwne ra�uired w o6tain coverage substantNlly equivaleat to the mortgage insuranx prevlously in efhct. u a coat
<br /> --�"=�.:_� substandilly oqudv�lent to tiie cost to Borrower of thc mortgage insunmce prcviously in effect.from na�it�ntte mottgage
<br /> _:;;� ` insurer approved by I.eader.If eubsteatiallyeqwvalent mortg4ge insuraaoe�overago ia not avallable, Bomower shoU pay
<br /> --=�::�`.. to Lendcr ach awnth a sum equol to one-twelflh of the yearly mortgage insurence premium being paid by Borrowa when
<br /> �'�'��� the insurance covenge liQsed or ceased to be ineffat. Lender wW accept,use�nd raain these paymente as a toss ieserve
<br /> --�=��'=a.; ia lieu of mortgage inswtna. Loss reserve prynxats may no longer be roquirod. at the optlon of L.eader,if moagage
<br /> :;�:�"�;'.,. insurance coverage(ia the awount and for the perIod that Leader requires)pmvidod by an inaum approved by Lender
<br /> -=-=�:•u•� again becomes available nnd is obtainal. Borrower shall pay the pmrunms roquired W maintala mortgage insuraace in
<br /> Y��.�`:. - effost, ar w pmvide a bss reserve, until the�vIrement for mortgage insnrance end�in acoordwice with any written
<br />--_,t%;.:.��� ' agroement betweEn Borrower and Lender ot applicable law. Form 3028 9/eo fvays 3 of 61 -
<br /> - . 6ANIfERBSYSTEM9.INC..ST.CLWD,MND690211-000-997•23411fOi1MMG1�lE416/81
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