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<br /> ., , - 5. Ha�ud or Fro�erty Iagtuanc� Eoaovrer s6a11 kap the improvemcats aow ea�isting'or he����o�n �he �r'- - "'`:•�,' .
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<br />� .< . . PropNtt;!insurad agait�st lt+ss by fue.haaatds iacluded�vithin the tem�•exsended caverage'and any other hatazds. inctuding ' . . ,.. , .
<br /> :� �.. . ttaads or IIooding.tar whtch i.eader reqe�ues inaurance.T�19 iulsutauCC&h:t1l he�aintAined ia tht�amout�ts azW fot!he petiwls �� `;t,:_,' .5°-.
<br /> ' . that.[Rndet reqnfnes. 71te ia5uracce carrie[pmvi3ing thc iasuraace shalJ�6e c�oseu by BoaowBr subjcct to trender's appmv�! , _` <;''.
<br /> ender �,
<br /> , : wbics,s�alG aoc be�nreasoaably withaetd.it Borrower fails to mainta3n.coverage dessriDec!a6ove. Lendcr may. at[�rtder's :' .,. . .
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<br /> . optiaa.abtain wverage co pmtrct E eader's rights ia�e Pmpemj ia aseordsmce wit�.Raragraph 7. °` ; ;."` .°
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<br /> � , All insurance potfeies and r�newals sba�i be aeceptattlaav,laadet and.sRalbinciude a standazd mortgage clause. Leader ?� '`<��'=°•
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<br /> . .`��=� shall�ave tIIe rigRt ta Roid tHe pnii�ies aud.mnewfils. tf Le�tdcr n�qou!�.,Rcrman►er sha11 promptly give ta Leudcr all recelpts af ::: , ;�.�
<br /> .. . .,:.4�: paid premiur�and renewa!not�oes.In the evot�t�of loss.Sormwer shalbgii�e prompt aodce[o the insurance carrier and Z.eader. '' ''`' �r �
<br /> :. ; � L+eader raay ma�te pt�of af tass if.aot made pmmptty�by.Bart4wct. 4 = -
<br /> -.�^�--';� UNess l.eader and.�qt�i�u�oihetwise agrce in,w�ai'itt$,,i�tce proaeai�r�h�tt.►1��applied to restoratiou ar teQair of the •�._3.___ -
<br /> ;r.. , '. ; Pe+apatY damaged�i£[be tv.star.�tiort or regair is ecottoaiiiraiJu•fea�le and Lcad�'&&au►�rtty.is uot lesseaed.[f the restoiatian or .i... - .
<br /> . ;.s repair ia aot etctnamianit f feas�ble or Leader's secutsty wr�utd�he le�ned.the ins,urti�o�rx praceeds shalt be applied co the sums :
<br /> _:•:: ,,: ���.
<br /> ' ;� secu�ed by. Wis Sec�u7r� Iast�uQaent.whr.t4er�oc aot.t6ea�due. arit6.u►y�e�ce�s pald_to 6onower. If Borrowet abanQoas tha ''.
<br /> - -.� Prupet'tY�ar.ddes nat aaswer within 30 days a notice from Ixnder thot,tha iaiuranoe carrier Las offeied to s�u2e a ctalm.thea.. ,�:�.;;:^,;....;�;, .
<br /> � � I.endet may ooIIect the insuraaee pmcee�ta. Lruder. m�•uta�te pmceed�w eapair.oc�sorc�tLe or to sums ;..;._�:. ' -
<br /> . �P�Y PaY . ..r:."�.
<br /> s�• �., : '.,:' secured by this Secarity[a�meni.wII�her er not theu�due.'tLa 30�dt�t��d witl,be�i►l,tarhen tLe nn�ee is given. :; ' �
<br /> ,�%?;� lJnless lxnder and Bormwer oth�iwt�e agcee in wr3du8:'anls'apBU'i�siva,oE Rmaee�ii co pqncipal shatl un�eMend or •`.�
<br /> ...;,�"t�=� postpos�e she dn�dare uf the montblY paymmita tefcned ta in. h�s 3�aadi Z�an� ,: � , ,,;_-
<br /> e paYa$r� hsu?Sa.iDq.�nminc of the p�ayasents. IY
<br /> � .-'a�;`�' imdc�paragaph•Zt t�e Pcoperty is asquiied b�•I�ndcr.Eoaonrer's rigbA ta sb�t�i�ar=po�ittt�:a�uil•procee�msultiag frorm � '; � ",�
<br /> � damage tastie PrepenY F�aoc t�tP�cs aagusirina eball�pa�tb•Lender co the ext4nt!a6tlia gdws secv�d��y►tR�s See�Rity Insaumenc ' ' : • -
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<br /> .". . , A i�arn�d3pteiy pdor w We asquiuit�Qn. ���.�•;.,:•: t ,,,�`�;F;_
<br /> . .��-�.F�watfon,Mafat�anc�e and�tnt2c9��oP tlte Pti+oD�n�an�rt�v�'s I.aan ApP�eatios►:I.casehutds. : f ;� ur
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<br />. ..�, Eomr�vec shalt oocupy.�blish,aad use the Fmperty as t�orm�rer's priacipal residdrtce arithin siMy days after the exeart�oa of +-•� . -_--
<br /> � tlus Seauity r��,±�aud sLal1 oontinue tQ oocapy the E�tapert�as 8omrnver's principai residem:e for at least oc�e year aRec �.:_'"`:�:.'�----
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<br /> , � thc dafe of aca�pancy.ualess I.ender otLexwise a�ees ut�w=3titng,wbicD eonsmi stuiii�flnt be�mreasonabty cxirLteeld.or�mtess �� �j ��. --
<br /> 5�r���i �.;s e�np�ting ci�ams[aaces exfisc w�ic�h aze beyond Bormara�'s,voutml. Bor�ivi�+;.slioll not desuoy. damage or• impair the �� f� _
<br /> r�,�': • i pra�jjecty. aitow the Propesty t�a d�eriosate.or oouandt�vlafde,on�tl�e 8nhpemf.8dnnarer stiail be ia def�it if azry forfeitare >��.��'�� ---
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<br /> � ,, aqi��ar pmceediag,a�hec civfl or.cr�i�ali is beguo,ebat m Leadu�;'si$pad�fauh•jud�meat could resWt in forfeinue of�9e t,�� .. �
<br /> _ .. Fcbperty or othernise materialiy impais the liim.c�eated by thts Se�rityTusdUm�t.ur�.eaQer's secnrity interest.Bormwer�may `�� �,
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<br /> " "''�s '�esach a default and reinstat�}ag P�����P��� 1$.�Y��8 the�aa�argiaceeding to be dismiss�d with a ruliag ����``rt.°'��-
<br /> . ;% . � 'tiist;;,�:3a Ixader's good faah•dei�aaon,gseclades forfeitime of the Bamaw�f's i�k ia the Pmpeny or at�er mmu�riat �r.�ti_� —
<br /> � _. ,� . m�i�t of#tce iiea cmaoea.l�',t�is Sewatity.Waa�uK i�eader's se�ority inte��s�tomower shaU also be ia defaotc if �"�- —
<br /> `.`:;; �,` �.:�Vf�.dudng t4e kau agpitr�tfoa pracesq:gio►e materi�ltyr false or.•iaaxarate info�uisiion or starem�eats to Leader(or fa�Ted . `„"�""�
<br /> ., to�trdvide Lr,ndet iLiiti any material informatt�n�in coan�tion Witrt t}ie l�ievideaaed by the Note,including,but uat li�ed� :;•::
<br /> . :F�'`�. ca repn�seatadons caaoerning Borrower's oocupanry of the Propertsr a5�a�ipal res�de�ce.If tbls Se�attity Insuument is aa a _ -
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<br /> �1�r.�;� -� . 1e�s�otd, Borcower shali ooaq�Iy wtth all the pFovistons of tiie tease. If Borrowec�cquires fee titte to tE�e PraPeitY. tLe „ ,'—
<br /> �s,�'�c�"���Y . Iw���and tlie fee title's�tilt.inot me�+e unless l.e�dea agir�,to the merger in aritit�: ��t,,'.
<br /> 1�':' . ;,.' • � :�,T:P�otectlan o�I.eaSgr's i{�ts in�he.Properay.i€'Fnirower fai1s w perform tir�obvenants aad agmements toai8iaed ia�: i�ra����:'.'-
<br /> ` -- } ,, ,,�� this Security lnsttumeat.or thece is a legal Pruoe�ag tbaf may slgaifisantiy affect Leader•s rights in the Property(such as a� 'i �� � —.
<br /> ; ,.�.• proceed'mg ia banl�tupuy.probaze,for ooademaation or farfeit�e or to enf��+ce lavrs.ar�egulations),then Leader may.do aad� :j''�s ,},,,t: �=
<br /> � pa�,t�rz w4iatever is neues�ary to.pmtea the valne of the Prope�ty aad Lender's r�g6CS��the Property. lxuder's actians may +�r f,��i.,��
<br /> �rl31 t}J
<br /> `- �!�e P�8 �S► sums se�amct•by a Hea auhicb 4aa pziority over this Security�::Em�vmeat, eppCetiD$ i1t COl�19a D�yiA$ :::r�j��2��
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<br /> ;%:.'���`:" �' �a, seasoaable aaomeys'fees aad e�tettag on ttse Property to m.�krt rep.vrs.Althm�l�iei�may tai�action under tt�Paragra�D .���.':r.•
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<br /> � r:�'�;• '::,, 7.�9.eader does nQt hslve to dO so. , •�
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<br /> '�`;.;: ;r ppy amo�ss di3bui5ed hy l�endet uadet this p�ragr2ph 7 sIIaU beCORle additianal debt o!8o:mwer secured by this .'"�a';�"
<br /> :�A���;�,_'•�-..�. Securiry Iastn�ent. Ua2�s BQ�arer anA Leader ag,rte ta o►ker tenas of payment.Vsi�te amounta sl�all.bear intetest from the —
<br /> , ,���°-:-��.;:: date af disbarsemerst.as the�1'r�r�te�d shall be payahEJ�with iaterest.�on aa�s�i�ram Lender to Borrawer nqussiing .
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<br /> `. ",: , 8.M � �teanoe.If t.ender �ort e�in'surance as a crondition of the teun'owu+wf�J �I11B SCC�RI k �Y•� ��:=�
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<br /> , � ''��'�� Iasaument, Bor�ei shaU Pa�►tLe premuufff's�.s¢�uired to maiataia che raaitgage insur�uce ia eff�x. If, for any r�ason, thc� . ` : _
<br /> ��..� - ' �•�; mortgage��++*++�wverage re�uired�1+��t 1�ses or xasrs so be in eff�.Borm�xer sttolt�ay t�e pcemiam.,seqa�e�t» - ._ �-
<br /> :. oi�,00verage substaa6aSlyr a,�t�fvalent to�.�sartBage�nce Previously in effea:at a cost substantialty c�ui.+�alent to the �'�:��»,{:•�s=.
<br /> r; � �.,��r�oaroar��f the mo: e'ia�aaa�e.. oustY�t�ct,froa►an atumate mort e insu�r�appmved „'� rl .
<br /> ;;, �7�t•m t� Sag by':Lender.IP• , .,�
<br /> � ' ',� ; � �iatly:q�if�x��ranrtg�'insuratec�irr�r.�age is not available.L'u�wer shall pay to Iender eacD montb a sum eq�ml r�: ��. , , .
<br />` _ t�;�� . . one-twelfth a#'�iu-.K��aty mortgage ir�ua��tmtnm 6eing paid by��c*�a 8rhen the iacuraace oaverage tapsed or ae�e,d r�:�;�� _ . _-
<br /> ,:� , . be in effoct.Lender will � c �e and tetatv.these ts as a Ioss r�sua;r��r,��! � -; , "
<br /> _ acceG . reta paymea . `. . .,i�ne of mongage iasnrance. Luss eesetve � :,,? .
<br /> ' . . . �. ; icrtn 8028 9/80
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