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<br /> �.. 110455
<br /> .S. Harard or• Pr+�perty l�rursnce, Borrowe7 �hall keep the'IMprovemente now existing or here�fter erectcd on the
<br /> Propeny lruured agiin�t lo�a by firc, h�zud�included wlihln the t�rm "extended c�ver�ge" �nd �ny other ha�ard9, Including
<br /> • Iloode or flooding,for which L.ender requlrca imurxnce. 'thie iniuru�ce�h�ll be maint�lned in tho amaunt��nd for tha periods
<br /> that t.�ncier requirc�. The insuruN;e�rrier provldln�tha In�uru►cc�ha11 be chosen by Borrower subject to Lenderb appraval
<br /> whir.h�hall ►wt be unresuanably withheld, lf Barrower f�il� to maintAin covcr�Qe describod �bove, l..ender m�►y, at Lendcr's
<br /> optiun,ob��in cuver�e to pro�at L,ender'�riQhta in the Property In�ccc,rd�nce with pAr�gr�ph 7.
<br /> All ituunnce policles u�d rcnewal��t�ll be�cceptaDle to L.ender a►d sh�ll include a �t�ndud mortgage cl�use, Lender
<br /> shall h�va the ri�ht to hold the policia and nnew�is. If Lender rcqulres, Borrower shnll promptly give to Lcnder all receipts of
<br /> pa(d premiuna u�d rcnewd nodoa, In the evrnt of las�, Borrower shdl give prompt natfa ta the insur�nce carrir,r nnd l.endar.
<br /> Lenda may make pmof of loss if not cnade promptly by Boirower.
<br /> Unlesa Lender u�d Borcower otherwix�roe in wrltin�, iruurance proceeds shall be appliod to restoratio��or repair of the
<br /> P[openy damaged,if►he rattoruion or repair I�economically feuible�nd Lender's security is not leuened. If the rettoration or
<br /> repair u not economically fea�ibla or L.ender't seturity wald be lessened, the insurance procoeda ahall be applied to the aums
<br /> �ecured by thie Security Inatrument, whether or not then duo, with u►y exces� paid to Borrow�r. If Borrower abandons tbe
<br /> Propetty, or does not anawer within 3(1 diya�notk;e frorn l.ei�der thu the ins�r�nce arrier hu affered to settle a cl�im, then
<br /> Lender may�oWloct the insurance proccwcle. Lender nyy we the pr�ceeds �o rcp�ir or restorc the Propeny or to pay sums
<br /> ucured by this Secwity Inurument,whettkr or not then due,The 30-day period will begin when the notia is given.
<br /> Unlas L,mckr u�d Borrower otherwise�gree in writlng, �ny �plication of proceods to principa! shaQ not extend or
<br /> postpone the due due of th� mont6ly p�yments nferred tu in pus►graph� 1 and 2 or ch�nge the �mount of the payments, If
<br /> under pu�rnph 21 the Prqxrty is�cquira!by I.eader,Borrower's ri�ht tu any insurance policies md proceeds raulting from
<br /> dunage to[he Propercy pdor to the acqnisittoa ehall pau to L�ssder to the extent of the sunu 3ecurod by this Security Instcument
<br /> immediuely prior to the scyuiiition.
<br /> 6.OceuPucY,Pre�err�tlon,Mdntau�na sad Protedb�of the ProP�Yt Bonnwer's I.iwa AppUatba;I.aueholds.
<br /> Borrower stull oocupy,establish,u�d uae the Propeny as Borrower's princip�l recidena within iixty daya after the exavtion of
<br /> t6ii Sewrity Iiutrument aad shaU coatinue to occuPY 1he p►opettY as Horrower's pdncipal residence for at least one yeu after
<br /> tbe date of occupancy,unleu I.ender otherwiu agrxs in writin�,whlch conseat shall�wt ba unrea�onably witt�held,or ualet�
<br /> ei�tenwtins cin�umtt�noa exlst which ue beyand Bomnwer's oontrol. Borrower shall not destroy. danuge or irapair ihe
<br /> Property, aliow the f�cnperty co detedorate, or commit wsae op the Property. gurcpwer tltall be in default if�ny forfeitun
<br /> sction a proceeding,whetber civil or crimin�i, is begun thx in Lender's good f�ith judgment oould result in fadeiture of the
<br /> Propert�or otberwue mater(ally imp�ir the liea cmted by t61: Securiry In�trument or I.ender's socuriry interat. Borrower nNy
<br /> cune wch a detwlt and nia�tue,at provided in Par�gr�pti 18,by awin6 Ihe action or proceeding to be di�mi�ed�vith a rulina
<br /> Wu. in Le�'a good faith determiea[ion; erecludr�a f�rf�n,�.,.�f �• iyrrs•�e:'� inserr.si in sh;: �� --�r�y� �i;;er uwieriai `
<br /> impairment of the liai cre�ted by this Socuriry Instrument or l,rnder': recurity.interat. Borrower�hall �laa be ln dehult it
<br /> Bomowa. durin�tbe loan•applic,�tion prooeu,pve materiallr fal�e or inxxurate�inforcnation or uatementa to I,a�der(or failed
<br /> tp�Dcrn'ide [,pider with any msterial inform�tion) in oo�medion with the loan evjdenced by the Note,including.but na limited
<br /> -`;�o,i+epro�pq�lioos oonaming Barrower's oocupaacy of tt�Property s�v a princip�l residea�oe. If this Sccurity Insuum�att iR an�a
<br /> � lewd�old. Bonrorver tball oomply with �ll the pmviebns of tde lcase. It Borrower acquira foe dtle co the Property,�the
<br /> lea�ei6old and the fee tide�hall not n�erae uales�I,ender�rea to tha merger in writing. .
<br /> � • 7.�M�dio�of I.e�da''�1N�hb in the Iroparty.If Borcower ful:to perform the oovewnu and a�rremenu contained in
<br /> ''tlijs Seaidty Imuumeat, a there ia a legd proceedin�that may significaatly affect t.ender'a ri�hts ut the Ptopaty (tuch u�
<br /> P��[ 1��.prob�ce, for cuudemnation a fortelturc or to aiforcs laws or resul�tbru),t6ea I.a�der may do u�d
<br /> p�y fa wtutever is neoeWUy to praect dk v+lue of the �ropany and I.ender's right� in�tbe Property. L,eader's acxio�may
<br /> ��P�Y�i +�Y � +�red by a lien rhich hu priority ova thi� Socurlty In:tiummt, n
<br /> ie+ron�ble �ttorney�'fea�nd en �� � 1A °0�� P�Y��
<br /> terin�on the Property to rnko repal».Although IJeader mry tdce aaion unda this par�raph
<br /> 7�,�L.endec doa not hwe w do so.
<br /> .. Anr amouots dhburted by I.eoder w►der thu �griph 7 sball beoome sdditlonal debt of Borrower secured by thu
<br /> ��Socuriry Imwmeat. Unleu Borrower u�d Lender�gnee to aher umu of payma�t. tUae unouats s6�Il beu intercst t'tau,�the
<br /> ���(�te oI dls�neat�t the Not� r�te ud�h�ll be pay�ble,w3th•interest, upon notia from Lenda to Banow�er rajue�tin�
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<br /> � � ' s.Morlp��Iawranee. If L,ender required mortgnse irouraxt au a oondition of rn�icina the lo�a�ec�nod by t6i�Saeuriry
<br /> • ���• B0�O1""��1 WY � P►���quirod w m�inuin the mong�ge Intur�e in effeaa:t, lf. for aay rea�on. the
<br /> �rtW���W�e roquired by I.en.ier lapscs or cwes to be in effoct, Borrower shall paY the Premiwus roqulred to
<br /> abtain ooverqe wb�tmtlally equivtleat to the mortpge insunnce pt+eviowly in ef6ect.at a oost�ubamtially equivdau to the
<br /> •�eo�t to Bormwer of the mattaage inwraace pnviauly in e��ct�from an altern�te mort��e inaum approved by Lajder. If
<br /> s�tbs;ao�Wly equfvalau mon�a6e ina�nu�e mvera�e is not �rulsble. lbn+ower shAll pay to I�ender ach monW a w�p equ�l to
<br /> nne-twdfW ot tLe yeuly mortaage i�urance prpniurn being p�id by$ormwer whm the inaurance coveraae I�p�ed or aa�ed to
<br /> be ia eftoct. Le.nder will aoapt.use and r�t�in these payment��s �loss reaerve in lieu of mortgage insuru�ce. Los: raet�,c
<br /> farm�02t ii90
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