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<br /> 98-�ii06'74
<br /> S. 11�s�rd ar Property I�nce. Borrawer �lull kaep the improvemente nc�w cxisting or hereafter ercctal �n the
<br /> Pruperty inwred ��inat lox� by firc. twa►rds includod within the lenn "extonded coven�e" and any other hazards. Includir►Q
<br /> lioodi ar floodinQ, far which Lerder reyuira incunuke, This lnsurance rhall be rnantainexl in the amounls xnd far the periods
<br /> that Lender rcquires.The insurunce carrier provlding the insuraM:e chc�ll be ch�►sen by Barrower suDject �o Ixnder's approvel
<br /> which shatt not bc unrca�oreably withlxld. It Horcawer fails to maintain coveragc deccrihal pbove, l.ender may, et Lender's
<br /> option,obtain rnveragc to protxt Lt�der's rights in the Property in eccorcfr�xe with paregraph 7.
<br /> All insunu�ce paliciea � rarcw�ls sfull be nccepta6le to I.eader�nd ah�ll include �standsrd rrx�ngAge cl�use, l..ender
<br /> shall fu�ve the right to hold the policies wxl mnewals. If Lenc�er rcquircc,Ac�rrower xhall promptly give ta I.ender wll meipls af
<br /> p�id prcmiums�nd renewd notica.[n Ihe event of loss,Borrower sha11 give prompt naice to the insurxnce carrier and Lender.
<br /> Lender may mike pmot of lose lf not nwde promptly by Borrower.
<br /> Unless L.ender rrd Borrowerothenvise�gra in writing,insurance proceals shall be applied to rcataration or rep�ir of the
<br /> Property damaged,if the restArxtion or rc[x�ir is economi�lly feasible and l.erKier'a security is rat lessened. If the reatontion or
<br /> rcpair is tat economicxlly feasible or Lender's security would be lessenod, the insuraoa praceeds shall be�pplied to Ihe auma�
<br /> secured by this Security Instnirtxnt, whether or not then due, with any excess paid to Borcower. If Borrower tbandons the
<br /> Property. or dnes not ancwer within 30 duys� notice from Lender that the insuranoe carrier has ofYered Ic setde�eWm. tl�en
<br /> Lender may collect the insuru►ce pe�ocoods, Leodcr may use the prooeeds to repzir or restorc the Property or to p�y sums
<br /> saured by this 5ecurity Instrumer�,whether or not then due.The 30-day period will begin whcn the notica is given.
<br /> Unless Y.ender ud Borrower otherwise agroe in writing, any application of proceeds to princippl sFudl iwt extend or
<br /> postpone th� due date of the monthly paymrnts roferral to in paragraphs 1 end 2 or change the uraunt of the p�ymenfs. If
<br /> under pungraph 21 the Property is ecquired by Lender,Horrower's right ta�ny insurance policies ud proreeds resuldng from
<br /> demage t�the Pmperty prior to Nx�c-quisition sh�ll pe�s tc�C.encler to the e�ctent�f the sums xcured by this Security Imtn�ment
<br /> immediately prior to the�cquisition,
<br /> 6.Oaw�N+ey,Preaervatbn,Maieten�nce�od Protectbn o[the ProP�Y's Borrower's I.a*a Applkallon;Iw�oldr.
<br /> Horrower shu3FUccupy,establish,uid use the Prope�ty u Borrower's principal residence within sixty days aRer the execution of
<br /> �� 7his Secu�ty fnstrum�nt�txl shall continue to occupy the Property as Bormwer's princip�l residence for u leaat one yar�Aer
<br /> �he d��e of uccupancy, unles's Lcnder atherwise agrxs in writing, which consent shall rat be unreasonably withheld� or unless
<br /> extenwting circumstu�es exist whict�,are beyond Bomower`s oontroL Borrowu a1W1 not deatroy, damage or impair the
<br /> Property, allow the Property to deleriorxte,or cortunit waste on the Property, Bomower sh�ll be in default if my Fafeiture
<br /> action or p�ocveding, wh�ther civil or crimin�l. is begun that in Lender's good fiuth jwlgment oould rewlt in forfeiturc of!he
<br /> property or otl�rwiae malc�ially imQair the lim created by this Security Invtrument or L,ender's security interest.Bormwar m�y
<br /> wre wch a de6ult ard reinata�e, �s provided in p�ragr�ph 18,by cauaing the�ction or procoaling to be dismiseed with a rulinQ
<br /> thu. in Ltocler's aood fiiith ddetminuion,orocludes forfeiturc of the Borrower'a interest in the 14euertv or other ro�terid
<br /> imp�irment of the~lim crcated by this Secudty Instcument or Lender's security intenst. Borrower thall tlao be in default if
<br /> Borrower,during the loq�npplication process,g,►ve m�aterially f�lse or iruccunte inforn�tion or etatanaKS w I.aider(or t�iled
<br /> w providt Lender with u►y.Troterid infortrtilion)in conrt�ection with the loan evidencad by the Note.including.but not lindmd
<br /> to, �stiau oonoemirys Bortower'a occupncy of the Propaty ua s principql reaidenoe.If this Security Inetruene�K is aa a
<br /> laaehold, Bunower sfu11 comply with all the provisions of the lease. If Borrower rcquires fa title to the P�operty, the
<br /> k�adwld and d�e fa titk shall nol rt�rge unlas I.ender agrees to tl�e merger in writing. '
<br /> 7.Pretatioa of L�atkr'�Rkhta fn tbe Property.If Borrower f�ila to perf'orm the ooven�nts and agreaneats oonained ii�
<br /> �� this 5ecuriry Inatrument,or thee+e i�a legal proceed'eng that may significxndy affect I.eader's rights in the Prope�ty (�nch r a
<br /> procoedinE in benlQUp�cy,piobste,for condannttiAn or forfeiture or to enforoe t�ws or regulationa), t1�a�Lerda m�y do md
<br /> p�y for w�atever ii necawwry to protect tlx value of thc Property and L,ender's rights in tt�e Property. L,ender't�ctions mry
<br /> include piiying•iu�y t�;securod by � lien which h�s priority over thia Security Inawmrnt, �ppeario� in court, p�yit�
<br /> rea�arble�ttotneys'Ceea and entaing on the Prope�ty to m�ke repaira. Atthoug6l,ender may take�ction wider this pua�np5
<br /> 7,[.ender does not lurve�to'ib ao. �
<br /> Any anwunta dlsbUrsaf by Lender under this Raragraph 7 sh�ll bxome sdditional debt of Borrower secured by this
<br /> Socurity lmtrument. Unless Borrower md l.rnder agree to other terms of pryment, thex anwunta stwll bar i�t from tbe
<br /> date of diaburaert�nt at the Note rnte�d alutll be poyable, with interest, upnn notia from C.ender to Borro�rer Yeq�tin�
<br /> WYma►t. • .
<br /> 8.Mott�e Iaew�ee.If Lrnder required mortgage inaurance as a condition of m�king the loan secured by Wis Secutity
<br /> Inacrument, Bomower ah�ll pay the promiumc required to mpiMain the mort��ge insur�uoe in effoct. If, for any ze,�on, the
<br /> monpge ipsunnce covua�e requirod by i.ender lapses or ceases 10 be in effecc, Bomower s1w11 puy the premiumc required to
<br /> obtain oovs�Age aubatantidly equir�lent to the mortgage i�suronce previously in efToct,�t a oost.�ubstantially equivalait to the
<br /> vost W Bomower of the mortgage insunncx pn�iously in efl'ect, from an alternuto mortgage insuror approved by La►da. If
<br /> subewnially equivdent mo�tg�ge insuronce coveraRe is not available.Borrower shall pay to Lender each moMh�sum eqwl to
<br /> one-twelfth of the yarly mortgage insunnce promium being pald by Borrower whM the insurance coveragr lapsed or oa�aed to
<br /> be in effect. Lencfer will�coept. we and retain tt�se payments as e loss rzserve in lieu of mortgage insurance. Laas reserve
<br /> • . Fonn 30m 91�Q
<br /> rp.�oee
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