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<br /> 98- 11o2e5
<br /> s. �Vor� a' ltiepert7 Iowronee. Borrower shall kap the improvements now exixtin� ar hereaRer erected on the
<br /> Propetty inwra! apirut laa by tiro, hu�rc4 included wid►in�he tenn `extendod voversge" u�d�r►y other huaida, lncludin�
<br /> ttood�or tloodins,for whkh I.ender requira iruunnce. 'I1ds insunrae alull be rtuiint�ined in the amounts nnd for the periode
<br /> that Le�der raquira. The irtwnnce curier providin�the inaunnce�ha11 be clween by Borrower aubject to Lencier'a�pproval
<br /> which�hall nat be umawtrbly withheld. 1f Horrower f�ils to ma{ntain rnverage described �bove, i.ender may, at Lender's
<br /> opt�oq,obtnin cnverase to protcxt l.cr�dcr'i ri�liit in the Propeuy iu�ccunbuwe with pua8raph 7.
<br /> Ali irau�e polkier ud rp�vad� dull be�cc�ptable to l.erder tnd shall include a atand�rd mong�gc clause. Lender
<br /> ahall hve the ri�ht W hold tAe policia uid renewals. If Lender requires,Bormwer shall promptly give to L.ender all rooeipts of
<br /> p�id prendum�nd renewal notica. In the evrnt of loza,Bomowe� sh�ll give prompt raticY to tiie inaurance carrier�r�d Lender.
<br /> l,ex�der m�y mdce proof of lass if not msde promptly by Horrower.
<br /> Unlees L.eider ud Borrower otherwl�e�gree in writin�� inwrance prnceeda shall be applied to restaratian or repair of the
<br /> Pmpetty dame�ai,i(the ratc�ration or npait is ocon�mically feacibk�C,ender's security is not lessened, If die restontion or
<br /> rep�ir is not e�ononacally tasible or L.ender'a aavrity wouid be tes�enod, the ineurar�oe proceeda shall be applied to the wma
<br /> ravred by thia Securiry Inurumrnt, wlkther or not tlKn due, with�ny exaas paid to Borrower. If Borrower abindons the
<br /> Propaty. or das not wwer within 3Q daya a naice from Lerder tlut the insurance c�rrier has offered to settle a claim, tf�etl
<br /> ' L,esder mry oollect the inwranx proceeds. I;ender mty uae the proceetls to repair or rcstaro tFie Property or to p�y surrui ,,.. .
<br /> •e�v�ed by this Security Insdvment.whslher or noc tl�n due. 'I'he 3p.d�y period will begin when the notia is�iven. .
<br /> Ue1eu l�rder �nd Borrower aherwise agroe in writing, any�pplication of pmcqeds to principwl shall not catend or
<br /> podtpoue the due dde of the monthly p�ymencs rcferred to in pRragr�phs 1 u�d 2 o'r cKange the amount of the peyments. If '
<br /> nrdor p�ra�nph 2! the Property is aoquired by I,ender, Borrower's right to any insurance pollcia aM proc�eda reaulting froni .;
<br /> dtm�e to the Propaty prior to the�uisition ahall pass to Lerder to the extent af the sums sacural by this Security instrument
<br /> ima'iedfMely pria�r w t6e aoquiaition,.
<br /> 6.�P�7'.�••�0e,�e�a.pa�c«no.or�rro�cr:Borrnwer'��.a�a Applkatioo;�d�oldr.
<br /> Borro�►�er ih�ll oacupy.atoblish,�nd use the Propaty as Horrower's princip�l rcsidence within�ixry d�ya aRer the ea�erntioe of
<br /> tUit 3awriry Irottument�nd�ehall oontinue W oocupy the Propaty at gorrowv's principd reaider�oe for u last one yar afler
<br /> the dMe ot oocvp�ncy. unlaa L.ender otlbrw�iae a�reea in writin�. which conaent shall not be unrasonobly withheld, ar unkua �
<br /> extea�Min� draur�noea exist which aro bryond Borrower's co�Nml. Horrower s1Wl not datmy, duru�e ar imp�ir the.•:..:''
<br /> Property, dbw the P�upe�ty to dderior�te, or comnut w�tte on the Pr�operty. Borrower eh�ll be in defiult if�uiy.torf�iqm.
<br /> aaion or prooee�inj, whether civil or crimiml, i�b�gun th�t in Lerder'e;ood faith jud�mp�t oould retult in forft�hiie of tA� �
<br /> .°:.h.�iy w„G,'�a:::c��:ic�;:tiy fuiyrir ioc tirn c,e�ed'oy�his�ecuriry Yrrwment a L.encler'a�ewrity irMerat.Hoemwer mry :��;
<br /> aMe arh a default and�et�t�te��e provlded in,par�r�p�h 18. bY cau�in6 the+�cti�n or proceedlr►�to be diamiseed wldi a rulin� .
<br /> . th�t. ia La�der's sood faith detartnin�tion..p{�ecludes forfdcure of drc Horrower's intereet ia the Pinpaty or odKr�r�Eedel
<br /> imp�ino�nt of the lien cre�oed by thi� SavHty Letrummt or Lrnda's securiry intere�t. Parrower shall dw be�n.defiult if
<br /> Bon+r�a.dutin�d�e!wn applipdon pr+o�es�..gave m�teciAily t�lse a iwiocurate inform�tion or atuertrorNa eo Lt,nqZr�(or fiiled
<br /> W prvvide l.ender with any rnuai�l irtfomutit�n)in aonnralibn with the lan evidenced by the Note.includl�g.but not Ilmited
<br /> .to.r�eproeeawtlom oonoernin�Borrower's oavptmcy of tiie Propaty�s�principd raidenoe. If thi�Security Imnunan i:on s.�r;,
<br /> lerel�old. �arrower sh�ll oomply with di the pn►viaiona of the lme. If Borrower aoquina fee titk ro t6e Property. tbe "
<br /> lereiald aod the fa titk�II uot mer�e ualw Lader�rces W Ihe mer�u in writint.
<br /> 7.h+�/a11N d I.sie�'a Iti�Yb 1�t4 H+opart�.if Borrorver t�ilt to perform d�e Aovemnb ard a�raaneob cootsined la
<br /> thi�3ae�dty la�trut�wt. ur diere 1��legal P!rxeedin8 th�t rtuY d�m�icxntlY �ffect I.ea�der'�ri� ln the ProQerty (we6 a�•
<br /> proo�ln biolcrrptcy,probrk, fa oo�xkmiyition or forfeituro or b rr�force I�vw a rcjulatloro). tlba I,pida mry do aod
<br /> , pq !or whateva is neoeasary w protect the y,alue of the Property aud L.endu's ri�hls ln the Property. l.eader's ac7lon�m�y
<br /> i�lude p�yir� �ny �m �xurod by a lien whic6 haa Qrloriry ova tfw Sewrity Lutnuront. appe�riq in oou�t, pryinR
<br /> �+a.or�,eooroeys'fees aad entecin�on the Property to�alSO rqwin.Althou�h I.ender rr�y Wce+ictiou unda�thiw�
<br /> 7.t�tider doot not Mro w do iK►. �. • .��
<br />� My imounu disbuned d,�'L,ender urda thi� parngnph 7 s1Wl b000me additional debt of 8ormwer securod by this
<br /> � 9ecurftr Itaitrnmeat. Unleu Bormwet�nd L�er�der agra to othet teem at p�yment� t}�e anwunu�lwll bar intersat trom the
<br /> . dra d disbut�ement rt the Note rate and dull be paysble, with irNero�t, uFan ratioe fiom Le+�der to 8onvwer requeKit�
<br /> p�!'mait• ,.
<br /> S.Alorl�e Lwneoe.Ii.t�erder�equirod mo�tgage�insuruice u a condition of inel�in�tJu loan aeaira!by thii Secucity
<br /> Urtrumeot. BerrowKr �I�all Qay the prcmium.c required w mai�u�in the mort�e inwnnoe in eft'oct. If. for my rc�on, tbe
<br /> mort�a�e inoanoe ooveraQe requit+ed by l.enda lap�a or aases to be in�efrect. Borrower ehall pay the preinivau roquired w . .
<br /> obWn oorers�e wbrhotialty equivdent to the mortaage inwr�nee pmiou�ly in efFe�.�t a roet aubste�Llly equiv�lent w tha
<br /> oont w Bon+owir ot the mortpga inwrance previwsly in eiTect, fcom an altemate mortga6e inwrer�pprvved Riy .l't�rider. !f
<br /> �ubuaoedly equivalau rtwrt�ge•inaunnoe covera=e is nat'avuil�ble.8orrower shall pay to LeMu eACh montb�wm eqwl w
<br /> ooe�tw�dflh of the yarly mcxtgaQe inwr�nce premium being p�id by Barower whd�the insuranoe oovenige lapied or owad w .
<br /> be in dlbct. I.ender will aooept, ure and raain tt�ese payma�u�s �lau�rescrve in liw of mortga�c inwranoe. [.o� raerve ',:;. •
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