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<br /> ��" S. Hnanrd ar Pt�perty lesurunee. Barraacr shall kcep ihe impraventcntr+ now existin� or hercufter crccted on tiic
<br /> °�M�' Pro�terty insuced agalnst loss by fite, hcu.urds included within the term "extendcd cavern�e" nnd uuy other hiwurds, inelu�iinB
<br /> ��� Qaods or flaoding. tar rvhich Lertder requires insutnnce.This insurunce yhull hc i�u�intuinr�l in thc umounts und fitt tho perioilx --
<br /> � ..:�. thut Lender ecquires.'fhe insurunce cnrricr providin� thc insumnre shidl be chasen by Borruwcr�ubject tn I..ender's uppn�val
<br /> which sl�all nc►t be unrcasoeiably wlthheld. If Bono�vcr faits to maintain raverage d��crihed ubave. Lendcr muy, ut I..cndcr's
<br /> ' optian,abtuin caverage to pintect I.ender's dghts in the Property in nccordunce�vith puru�rnph 7.
<br /> , . ;_-�^�� Atl insumnce policics and rrnev��ls shnll be acceptnble to Lender und shull include u sinndarcl mort�*oge clnuse. L,ender
<br /> . o � .-. shnit have the ripht to hold ehe pnlicie.and rene�vals. If Lender mquims,Ii�rrav�cr shall prompily give ta�..ender ull rereiptR��f _
<br /> •� � paid premium.g und renew�ol rtoticc.w.M the event of Inss,Horrower shatt give prampt notice to the insurance carricr and L.ender. `
<br /> �_ L.endcr mny mnke pmof of l�ss if nut made promptly by Borrower.
<br /> ur%� ` Unlesa L.endcr and Borrawcr otherwise egrc.�in�vrEting.tnsurance pnureds eh:;ll bc applicd to restorutio»u��epair af ehe
<br />�.-:5F� Property damaged. if the restomtion or rcpalr iA economfcally feaslble und Lendet's sfcu�ity is not lessened. !f the restoration ar
<br /> -� ',;�� repalr ie rtot econrsmicully feusible or i.endej•'s securtty wauld be Icssened. the inwrunx proceeds shull bc applE�ed to ths sums
<br />�"� i secuned by this Sc.cudty Inhtcu�nent. whether or noi then due, with any eacess p�d to Borrower. If Borrower ubandons tho
<br />.�;„�7��! Pmperty.or docs Rot answer within 30 days a rtotice from Lender that the insurartce cur�ier hos offered to eettie o cluim,ticeu
<br />- �::,�,J: Lender may rnllect the insurunce proceads. Leader may us�t he p m e ce d s to n�Qair or res tore t he P r o p e r t y a r t o p a y s u m s
<br />--�.-,�, secured by this Secudry ln�taument.v+rhether or c�os th�n due. The 30�day pedod will begin when the ausioe is given.
<br />--_=�=:�� Unless Ixrtder artd Borrower otharwise agree in writ�nB. any uppltcation of proceeds to principal shall noi extend or
<br /> v`-- — pos t pune t he due da t e o f t h c monthl y pu ymenu referred to in paragraphs t and 2 or c�e the amount of the payrt�nts. If
<br /> _.,,�.a�. under paragmph 21 the ProFeny is eoquired by I.ender.Bon+nwer's right to any insu[ance policIes and pmcx�ds[esult�n�from
<br /> '-____ dmn�ge to 1he Pro�..rty�d�r to the a�qaisitlan r.hall pass to Lender w the e�tent of the sums secure�d by dds Security(nstrucr�ent
<br /> �"`�"� irtuuediately prlor to the acquisidon.
<br />- ..;m..,,� 6.Qecu�mcy. Prescrvntton.Mainte��er�ce and Pmta�on of the P�+npwiyi Soimwer's Loan�Appllcntton.I.easet�lds.
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<br />:.,:i,,.�r,� Rorm�EVPr shrill axupy, establish.a��use the Property as BurrowEr'n principal cesidence within siaty doys ufter the ex�cant3an of
<br /> =--_— thls Sacurity Anxtniment end sl�all oontInue to oocupy the Prmpexty as Borrower's princfpai oesidence for at least one gr�7 after
<br /> �,;�,;,� the dute o�oecupazacy,unless I.ender othenvIse n�es in writing.which consent ahall rtot be unt+easo�ly w[tdheld.or unless
<br /> -..-- extenuadng c3rcunnstancxs e�ist which are beyond �omower's oontY+ol. Bomower shWl not.destroy, d:amaBe or impair the
<br /> Pruperty. allow tlYe Praperty to detcriorate,or commit wus:e on the Property. Borrower shail t►e in d�eTault if any forfein�re
<br /> -= action or proceeding,whether civil or cdrninal. is begun that in Lender's�ood faith judgmzr�t eould rPSUIt In forfeiture of the
<br /> . Pt�operty or othenvi�e mntedally impair d�e lien created by thls Security L�hument or Lender's secarity interest.Borrower may
<br /> care such a default a�l reinstate.as pmvided In para$raph 18.by causia�the¢ctIon or praceoding ta be dismissed wtth a�uling
<br /> �, �� t P.mter's�inid fattri deu•_rminadon, precludes forfeiwre of the Borrower's interest !n the Fr�o�tyr or oth�r tnaterlal
<br /> imp:iirment of the Ilie� created by this Secauity Insuvment or L,ender's seauity interest. Borrower s6n1G rilso ba in default if
<br /> Bomowrr,dudng tho loan appliantian pmcess,gave mntcrtally��.lse or inacxurate infom�ati�:n or stetem�xnT�to Leinder.Qax;fi�ilad
<br /> to pravide Lender with any muteriel informadon)in cannectl�n���tl�tho lopn edideRaed by the Note,inahxiiag.but ma�1.united
<br /> to.repraentations coaceming Botrower's oocasgnncy of tha Property as a prine�pal residenoe. If thix�r�ty Insltumeai7 is on a
<br /> -- leasehold. Borrower shall comply with eil th� ;:�r,�visions of tho lease. If Borrower acqnires Eee �i�u rta tha Prope►ty, the
<br /> leasehold nnd thc fee t1tYe shall noi merge au�lots.��'.,a�der agrees w the merger in wdting. �
<br /> 7.Frotectlon of I.eader's Rights in We!''tope�'tY.If Borrower fails to perform the covenants and agceements contninod in
<br /> this..�ecurity Instnimcat,or there Is a legal ptooc�ading that may sibmificantly affoct Lender's riQhts in the Proyerty(such as u
<br /> proceed�nQ in banlciuptcy,probate.for oondemnaHon ar forfeitu�or to enforce�lawa or re�ulatIoffi).then Lender may do and
<br /> pay for whatever is neoessary to pmtect the vulue o€the Property and Lender's rights in the Prnperty. i.cader's uctiuns cnay
<br /> inclade payiaB any suim secured bY s lien whicli hns priority over this 5earity i�swment. appeazing in caurt. paying ,
<br /> rcasonable attoraeys'fees and eatering on dia Property to make i�epairs.Althoagh C.ender may take actlon u�nder this paragraph �
<br /> 7.Ler+der dces not have to do so. �
<br /> _ ADy amounts disbutsed by L'�t�dar undcr this parngtaph 7 shall �pxome addidons�: �ebi of Borrowar se�a�ft�� t1�3a
<br /> _ Secur�ty Inswment.Unless Boirower and Lender a�rce to other tetmg of Fnyment. theSII uenounts st�ail bear interest f�m ths �•
<br /> date of dlsbu�secr�ent ut the Note rate nnd shnll be paynble.wlth interest,ar,�on taodcu fi+nm Lendea'9Q�orrower requesttng .
<br /> ---- --� PaYment.
<br /> �.Mo�e Iasun�oe.If Lender required mortgnge tnsurance us n oond'adon of�arJa�n$the loan sec�+red by this Secnriry
<br /> Inst�st. Borrower sl�all pay tte� preeaiiiums rcqu�x+cd to maic►tain the mort�age insurtuu;t in effect. if. for any reason. the
<br /> __ ___ __ mnrtgac;P ic�umnc�aoverege e�qiured by Ixnder laases or oea.ses to be in effee4.Borrower shnll pay the preraiums reyuired to
<br /> --- obtain mveiage snbstantialty eq�uvalent co the mortgage insnrar�oe previou�eX iai effi'.�t.ul u oost substantiaily equivelem to th;, -
<br /> — cost W Borro�ver c�i the rt�ortgage i�.sura�prt�vlousty in effoct. from an uS2�mate mortguge insurer approved by Lender. If
<br /> substFmtially e�uivaleat mon�age insurance ooveroBe is not avail�ble.Bonroner shall pay to I.ender each enonth a s��aa a�ytual to
<br /> oix�¢iv,��¢ih of the yearly mortgu�e insurance pneminm being paid by Bomower when the in.curnnce ooverage lup3od mr.a�.x�d to
<br /> - be in effect.Ler►��r wil l nocx�t.use and r�ain these paymcntt►ns u loa� resetve in lieu of mort�e insurnnoe. Loss rcserve
<br /> Form 30?A 9/80
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