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<br /> , , � � _�- :'.� �. Naiard or Progeriy tasuraaee. Borro�ver shall keep thc improvements now eaisting oi�eceaftcr erected on the tY:`.
<br /> .. ,s,:-.�,' .,� : �
<br /> ,: < �+nperty insured againct tass by Gre. ha�uds incladod within the term °estended ooverage°and any other hazards.inciudir,g
<br />- ;_: � ' ` tYoods or ftoediag.for which Lender requires instuance. Thls insuranse sAalf be maintsuned in the amounts and fot the peciuds
<br /> �� `�',..��,± �.: _- ttrat L.eader uires.The insurance carrier ravidin the tnsurastce shall 6e chosen 6 8nrra�ver sub'ect to l.ender s rova! �=�':
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<br /> • .; which shall nm be unreasortabty withheld. If Eor�ower fai�s to maintain rnvcrage descri6ed above. Lender may. at l.ender's
<br /> - ,:"—�°'r option,obtain covernge to pr+ntect Lender's rights in the Pr�nperty in accoMance with patagmph 7. •�
<br />; , _ �°. . _ Af! insnrance palicies mfd renewats sitalt be acdeptaDtc co Lender urid sha11 inc[ude a standard mon�ge ctause. Lender ,`�F,
<br />: , � ,_ • shall hav�the right to hold tlte goticies anc!renewals.If l.ender requires.Borrower shall promgtiy give ta Lender all receipts of
<br /> .---_--. - -. ` paid premiums and mnewal tmrices.ln the event of toss.Bomawer shal[give prumpt notice to We insurance carrier and Lender. ,�'.�
<br /> '= - - Lendei may ttratce ornof of Ioss if nnt made p�mptiv by Borrower. ' �a:�_�.
<br /> �. � ;=�;;: '.;.', : Unless E�ndcr and Borrower athervrise agree in w-riting.insu:aace proceeds sha116e apptied to reswration or re�air of the —
<br /> . n -.
<br /> • ;: ;. Property damaged.if the resWtatiaq or repair is ernnomlrally feasi6le and E.ender s secvzity is aot fessened.If the restoiatiau ar `^
<br />` ".-__ ' -- rcpair is not economicalTy feasible or Lender's securiry woutd 6e lessened.the insurance proceeds shall be applied to the sums ;"
<br /> -- -- - `=� seared by this Sea7trity Inslniment. whether or not then due. with any excess paid tn Borrower. If Bomawer abandons the
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<br />_- ':''s: Pmperty.or does aat answer arithin 30 days a notice from Lender thaz the insuiattce catrier bas offesed to settte a ctaim,thess. '
<br /> . • Leader irm rnliect the insuiaace Iffider ma use t6e w or m ''�:�'
<br /> ' '' Y P��- Y P� �r ar.:te�cs:e?fi�:�'9,PectS' PaY sc�r;�'';'
<br /> . secured h}r this�ernrity Instmment�wh,ether ur aot then due.The 3Q�dag���ad.wilt t5e�utcvtr�;'���i�re,is�:n- � ��•�: ;
<br /> , _
<br /> ��; Unless Lender and Bacmu.rRr o�era��`�ee in wri���anY•, .,���,'tics�'t�RF'{�Ir����^J si'a�Ft z�a*•�k�w�a� r t
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<br /> '" _ " �es�one the dae date Q�f dt�.�?5;:�:-a�;,�a���.f,�ns��a,���;t���'�n'ui;:��m�°�l�a ��:a2�r�:c�:���::L� . '
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<br /> `' +i .�, ��j �tz�..tTtC�.8.3Ci?�?,�; .�BT �cYlTZ3Fr',.�1I',3�lJ�5'Ekl;d;:�'�j.9b�3{'{i,���"��.,�,�.,'�''4�r�fi ,?�#... „�.��_, �' :�.—`:
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<br /> `���,�`�',�',�,�� ' tl.�� ��i.:�",�;Aia�ntenaace aa��n of tke ProFerty?f B'iaimi���'s Loan�4ppitcatio����: F"
<br /> *z�„�,�,�; r ='�` (P3���s�a[�oe�y.es�F�and use the Property as E�iimwer's principal resid�-within sncty days after ti�ex�n of. °-
<br /> � ,��� . �� �
<br /> �` .. . • ii�is'Security L-�xruinent and shaU co�iinue to occupy the Property as Borrower's principal residence for at least one year after
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<br /> ,;:r:..: the date of oocupancy,ualess lender othenvise agr�es in writing,wiuch wnseni shall not be unreasonably withheld.or unless
<br /> ., ' ° :` eutenuating circumstances exist which are beyond Bormwer's contro� Borm�ver shall not desmay. damage or impair the
<br /> . ��i'�� Property. allaw the Property ta deteriorate. or commit waste an the Property. Borruwer shall be in default if any forfeiture '
<br /> .. _ :. ' actioa or proceediug,whether civil or crimi�al.is begun that in Lender s good faith judgment could resnit in fort'e'sture of the
<br /> ." �. " ' �` � Property or othenvise materially impair the lien created by this Security insuument or Lender's security interest.Borrower may •
<br /> .'.��= � cure such a�default and reinsiate.as provided in paragrapb 18,by causio�the action or proce�ding ro 6e dismissed with a ruling �:,
<br /> , " • that,'in Lender's guod faith determinat�oa. prectudes forftiture of the Barrower's interest in the Prapeny or athet material �r.
<br /> � � , ' . impairment of the lien createa by thi9 Security Instrument or txnder's sw^uriry interest. Borruwer shall atso be in defautt ii �=
<br /> , Borrower,during the loar�application process.guvc materielly false or inaaurate infom�ation or statements tn Lender(or failed =�-
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<br /> � _ � to prnvide Lender with any material infom�ation)in connecxion with the toan evidersced by the Note.inclading.but not iimited �_
<br /> • F? - to,representations concerning Borrower's oca.upancy of the Propertp as a principa!residence.If this Security Insttument is on a ���
<br /> ' teasehold. Borcower s6alt comply with aIl the provLsions of the iease. If Bonower acquires fee titte to the Prapetty. th�
<br /> �- -. teasehotd t�pd tite fee title shalf not merge unless l.eader agrees to thc ruerger in writ3ag. . ���
<br /> , .. 7.Ptotecttos of Leadet's Rig6ts tn ttte Proge�.Tf Borinwer faiis to perform dce oovenants and agreemeats contained in �"
<br /> � ' >�,� this Securiry Inmument.or there is a legal proceedin�dmr may significantly affect L�ender's rights in the Property (such ag a . --�
<br /> ', " ;=�;.`:: proceeding in bankruptcy.probatc, for condemnation oc firteitun or to enforce laas�or regulations). then Leader may do and '"—
<br /> � � pay for whatever is necessary tn protect the vafue af the�aperty and Lender's rights in the Hro�erty. Lerndea's actions may —
<br /> �;r. �,,,y..�� —
<br /> -r q�1i(i - ��' Iuunuµ8 paying any sums secur.ed by a lien which has� �ri+arity over this Secvrity.,G-�,r•twnent. aEspearing irc court. paying _
<br /> �� ,i��}� t ,;r`fi 5� �Tole attomeys'fees aa�unit;ring on the Propertp tu m{�1,�reFairs. Although L�i�'may take action u�flS3ii�.para�raPA
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<br /> ������� °�v{}i,: � 9.li�er daes rcot 6a�e to�5tis.� ,. � : . , ,, ., , . ,�, . .. . ,, _
<br /> �t;c�,��`;�1� '`�,qt ` . Atty amoants disbursc�z: by Lender urtder this para�'ipic�7 4ha1� 6� �a,r�: a:t�r��nal debt.of�BonuaeE�az�,�'1L�..:'' � _'
<br /> }44�`��,'•�. `A�<�;`� �:rity Instrument. Unless L��rower and Lender agree.ti�'nt�Ee+t�-�cr�Py��r�,',rse amoonu sFall brar'intic�t from c3r� t���-.
<br /> ..7�n P��4 f 5:•t � . ' .
<br /> �eY! �of dlsbursement at th��i�;+'nu•rate�and shall be paj��iGl�;:�rith interest, upocs'r�:��ce from Lender ta Borru�a�req�3esapg �
<br /> r'•v��";' ,` �`� ,. lar`Yi�t�nt. . ::, ,.,,� :.. ' ;,:.'.'• ,y�R4•
<br /> . r`;�, ' :•. $.Ndortgage Insuiaa�tw���.e n d e r nx{��sFed mortga�e insurance as a condition of making th�[e�ars secui��8y this Security
<br /> �� itLstrument. Borrower shall pap the preusii��t�s�required to maintain the mortgage insuranoe in a�a�e:'1� for any reason.the !
<br /> f`���� � � �ongage insurance coverage r�qui�#•t�� ��r��r lapses or ceases to be in effect.$orrower shall�a,y-,t�.��,$rettt.�:�{u required to `'
<br /> � '� � �'4=:'r� ,`. dEcain coverage substantially.�,tt;;.a?,:.�t#�v�ie mortgage insurance previously in effect,at a cost suU�t�r.tiali�t'��vafent to the �,
<br /> �� . cast to Borrower of the itu�rt',r,,.-��aassiz:�ce previousty in effect. from an alternate mortgage insazer'.;�sra>�ii,1�,y�:ender. If �. .
<br /> � :.:��..r �-.
<br /> �- • •� � substantiatly equival,ent mortgz�insu�ancc coverage is not available,Borrower shali pay to Lendes�e�ach�motrii:�o•�am equ2l�co l���a
<br /> . : `4;':� .
<br /> , . .• .,-: •�, one•tweifth of tlte yearly mortgage insurdnce pmmium being paid bq Borrower when the insorancP�iverage lapsed or c��2m. :
<br /> ' • be in effect.Lender wilt accept.use and retain these payments as a loss mserve in lieu of mortgage inswance. Loss reserve "`�
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<br /> ' Form 3028 9l80
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