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<br /> , preudunu�nd rmewd noticri, [n the event of lou,Borrawer�hall�ive pmmpt nodce to the inwrance curier�nd L.snder. Lender
<br /> m�y�ke proof ot losa if not made promptly by Borrowet.
<br /> Unleu Lender md �orrowar othetwix ��ra in writln�, Inrunnce proceeds �hall be�pplied to mtorAtion or rcpalr of the
<br /> • Property dutuued.If the rdtoruion or rep+�ir is economfully feasible�nd Lender's socurity l�not lessened. If�he teuor�tlon or
<br /> rep�lr is na a;onomically fr.�fble ar Lrnder's ucuNty wauld be le�ened,the Inaurance proceeds shxll be�pplied ro the wrn�iecurcd�
<br /> by this 5ecurity InstNmrnt,whether or not then due,with�ny eaceu paid to Borrower. If Bonower ab�ndans the Praperty,or doa r
<br /> not uiswer within 30 daya a notice from l.ender th��the i�uurance curier hu of(ercd to settle a cl�im,then l.endir nuy colixt the
<br /> 1n+unu�ce pr�oaed�• Ler�der may use the procads to rcp�lr or rcatorc the Propeny or to pay sums aocured by this Security
<br /> Instrument,whether or not then due, The 30-day psriod �.vlll lxgin when the notice i�given.
<br /> Unleu l.ender �nd Borrower otherwise agree in wri[in�, any applicufon of proceeds to princip�l sh�ll not extend or poitpo
<br /> tbe due d�te of the monthly payment�r�femed to in pu�gnptis I and 2 or chRnge the amoun�of the payments. If under pu�r
<br /> 21 the Pmperty is acquired by l.eoder,Borrower's right to any insurnce policles u�d procad�resulting fmm damaQe to�he Pcopert
<br /> pdor to the acquisitbn sh�ll pua to Lender to the extent of the auma secured by this Security Instrument immedl�tely prior to the
<br /> acquisition.
<br /> 6. Occu�acy�Pi�nervadon� M�Inta�nnce pad Protectlon of the Prope�iy� Bomowee's La��r Applkatba;Les�ehol�b.
<br /> Borrower shnll accupy,atablish,uid use the Property�s Bomower's princip�l c+esidrnce within aixty dAy��fter the execution of this
<br /> Sccuriry Instrument u�d st�all continue to accupy the Propecty u Borrower's principal rcsider�ce for�t leut one yeu�her the d�te
<br /> of occupwcy,ualws L.mder otherwlse agrees in writing, which cansent ah�ll not be unreasonably withheld,or unless extenwting
<br /> circumsances t�ist which are beyood Boxrower's control. &�rrown shdl not destroy,d�ge or impair the P[operry, �l1ow the
<br /> Property to dc:trriorue.or oommit waite oa the Property. &omower shatl be in default if u►y forfeitun�ctian or proceeding,whether
<br /> civxl or cdmin�l, ia begun tb�t in I.enckr's good f�ith judament cald rcsult in forf�itute of the Property or othervvise muerially
<br /> impair the lien creata!by this Security Instrument or Lender's security interat. Borrower may cure such a d�fwlt and refntiate,
<br /> u pmvided in piva�raph 18, by causin�g the action or procadine to be dismissed with � zuling that, in L.ender's good falth
<br /> determinuion,procludp fodeiture of the Borrower'�interest in the Property or other mxerl�l imp�irn�ent of the Hrn crcued by thi�
<br /> Sxurity Instr�ent or lxuder's security interest. Borrower shall alwb�e in default if Bortower.during the loan applicuion procesa,
<br />, 6ave materidly Wx or ia�ccurate intonnuion or at�tements to i.erd�r(or f�iled to proride Lender with�ny material infontutioa)
<br /> in oonnection with�he low evidanced by the Note,including, but�wt limitod to,representations concerning Aorrower'a occupancy
<br /> ,lA�sbe Pnoperty s a prinei�►r►t iresidence. If thia Secudry Inatmmrnt b on�leasehvid,Borrower slWl uomply with�ll the provi�iau
<br /> of the lea�e. If Borrower acquires fa title to the Properry,the leaxhold and[he Foe tiQe sh�ll aot merge unless Lender atrea to
<br /> t1x merger in wtitinr.
<br /> 7. P�+otectla�of Leuder's W�hts In ihe Propa�ty. lf Borrowet�Aila io perform the mvenaau and agroemcnts cont�ined in thi�
<br /> Securiry lnarument.or tLere is a legal proceeding th�t m�y significaotly�ffect L,ender's rights in the Property(such ss�prooeidint
<br /> ia baokruptcy,prob�te,fc+[Condemnatlon o[fotfeitute or to enfor�e Izws or n¢uluionsl,then Ltnder may do and pay fnr whareyer
<br /> ia neoasary.o protat the value of the Property�od i.ender's righta iu the Property. L,ender'a sctioa+may include piY�t�Y�
<br /> �acured by t lieo whkh h�s prbriry ova this Security la►trument�aPP���g��.P�Y�►8 resx+�ble utoraeys'fers�od eoteriai
<br /> on the PmQerty to m�ke r�pain. Althougb�l.�eader m�y talce action nnder this puagnph 7,Lender does not have to do so.
<br /> My amounu diibur�ed by l.ender uAder Wis para6r�ph 7 ehall btconre�dditioa�l dcbt of Bocrower�ecwred by this 5ecurity
<br /> In�tn�nrnt Tinl��Metivrrr'r�nA Inwler�aree In�fhr.r terrm nf nwvnx!nr th�r.a�w+��nn eh.11 1w.:;;..�,.: ���ti_ar«_ ..�
<br /> '�.Qi�buneooent at tbe Note rate and ah�ll be payable,wltti inteneat, upoa notia from l�cnder to Borrowcr reqt�est�ng pqm�eqt. V
<br /> ' s. 1Nat��e�nca. lf x.ender required mortga6e inaurance u a oondition of makir►a the loan�avred by t61s Securlty
<br /> Inatrum�ent,Borm�va alull p�y the praaiiims•reyuired to maintain the mortgaae inaurince in effect. If,for�ny rea�on.tbe mort�
<br /> imurinoe cov�rqe iequired.�y Lender lap�ea or aaus to be in effea,Borrower shdl pay the p�+emfums required to obWn oovaa�e
<br /> a�bsaotWly equivalrnt to tho•inungaae inauruxe p�evioualy in effat, st a cat auMtantWly equivaleat to the cat to Bormwer of
<br /> tbe n�t�age imuraoce previously in effect, from an�Itern�te monsige inaurer appraved by L,ender. If substabtiNly equir�leat
<br /> m�t�e insur�x�e cova�e ia not ivulable, Hurrower stWl piy to L�ender each mont6 a wur a�tul to one-twdflh of tLe y,aaly
<br /> mort�e ia�v�nc.e p�emium being p�id by Anrnower wAen[he icuurance coverage lqxod oe aaved to be in eftoct. Ltodei.'w.ill�
<br /> a�ocept,we mid retain tLe�e p�yments�a �lo'ct raerve in iku df mortg�ge i�uur�u�c�e. Lou raervC'�paymwta mry no IonSei Ad.
<br /> requited,st the optioa of Leader.if nartge�e i�uuntace c6verage(in the�mount aod for the period mat leoder rrequim)provided
<br /> by an inwra�uved by Leader ag�in beoomes av�ilable md is obuined. Borrower stull p�y the premivan c�equired to nWnaiu
<br /> mert�e ia�ur�ac�e fa effxt.or to provicis�lou reserve,until tLe requinmsnt for mort�e insunucoe eads ia aocordanx wieh any
<br /> wrltten ajceet�nt betwan Botrower�nd Lettder or applicable l�w.
<br /> !. Impretba. Lender or its a�ent rary m�lce re�son�ble entriea upon uid inspection�of the Property. l.eader s1u11 give
<br /> BortvMer notiae u t6e tirt�e�of or prior to m i�peccion a�ecifying reaaonable cause for tho inspection.
<br /> • � 10. Ca�dawwtion. The'p�+oceads of any awud or•elaim fa damaga, direct or oonsequential, in oonnectiao with any
<br /> oomiemoa[ion or oclKr uking of any put.of�the Property,'or for oonveyanx in lieu of condemnatioa,u+e deceby aa�ignod aod ahall
<br /> be paid to Leada. _
<br /> In the tvrnt of a taal talcing of the Propeity. the procoeds shall,.bc�ppliod to the aums secured by this Sccudty Instcup�nt,
<br /> whet6er or not then due,with�ny eaaaa p�id to Borrower. In the evmt of a puti�l talciaa ot the Property in whach the fair mu�Ca .
<br /> v�lue of the Property immediuely tietore the taking is cywd to or grexter thw sht�cnouat of the sucna xcured by,thL Sxurity '.
<br /> Lutrument immediately bafore the Wcing,unless Botrowa and Lender otherwiae agree in writing. the swna kcured by thia
<br /> ��F�w�r-��MMfFr�ddN M�c UNIFORM INiTRUMENT �����d� lMr.8/80
<br /> Pp�3 of 8 Inhi u�T wr.7�g2
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