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<br /> . .. Pmpeny inau+m qpia�c tow ey nre.n.s�ro.taduuea writhin tbe ta�a •eatanaea aovar�e'+rd.sr«Aer biqpMd.�ladoal�ye
<br /> . . � ttoa�or floadia�.for v�bicb tader roquita�inu�oaa.71ilt IaNU�noe�in11 ba a�niaired in Ihe�nwyat�aad�'or the porlods
<br /> . •.tlut i�eoAa uequira.'11te InruHnob aMtiar Peor'idia��bt ie�un�od��11 be CM�e.n bY Da�ower�to��ad��r+�PP�O�`+� -
<br /> .. wtAcb�li Aort be unreiw�tiblY whl�d. V Bo�row�et tdls�o�mda awar�e dq�cxibed�bova 1�e�dx m�y.l�bendr'� •
<br /> optba,obl�in cove�pe to p�oteot I�ander'�ri�hu ia tbe Property ia�oca�d+inoe wi16�qn�h 7.
<br /> AI! iiw�hooa Pdkia aM reaaw�ls�11 ba�ooept�ble to Lander ar!�11 iaclade�wadad d�at�o rlw�e. L�endar ,
<br /> �1u11�vo dre rijht to bold t1�pdidar wnd ro�awab.lf I.enda nquira.Botmwar�lall P�9�9 8�ve to Lender dl neodpu d ,
<br /> - - - - �. p�id p�and nnewal aoticc�.ia tho eva►t ot 1asa�8on�ower d�U�Ive prompt notioe to tho imu�noe camier ond Iwnde�.
<br /> • ' 't;ander m�y mdce proot of low if not aa�d�Proa�MIY bY BOrmw�e*• �haU be Ued to�tora�ion ar r of tbe
<br /> Udw t.arler�nd BoR�er dhawd�e�nea in wridn�.inwranoe pr000ed� +ipP �
<br /> proppty d�ab�ed.it Ihe ra�t�tioa or repdr fs aoon�xeic�lly fe�ible and Lender's�aa�rlty i�nat lasccned.It the nator�tlon c�t
<br /> � �i�i�rat ecanornic�lly fauibla or I.ender's iearity wauW be k�cnod.the inwcanoe prooeod�duil6e y+plied to the wa�u
<br /> aaa�rod bY thio Sew�ity in�t. wbdher or noi tUea dae, witA airy eucaa paid 10 Borrnwu. If 8ormwar�bMdoo�the
<br /> � Propaty� or doer nw aucarcr within 3(1 d�y�a naCioe 1'i�om imder�at tAe insw�nae canier h�c of�enod w r�dUe a daim,tben
<br /> i,ader mty cdbct Ure inwrmoe prnoeeda. L�eader oo�Y u��4o Pooeed� �o ropair or natoro �he �rope�ty or to pq► amas
<br /> aea�rod by Wi�Sxu�ity Ia�nnem.whaiier or not Wa�due.The 30d�y pa�iad wlll be�ln when the nosioe ie�ivea.
<br /> Unka I.eader ad Bonawer o�hawise �+eo in vrriting. any appNcation oP procaeda w principl �11 aot e�ctead or
<br /> poctpono the due dwto ot'�ha momhlY P�l�+�efared w in � 1 aM 2 or dm�gc the�anoua�t of the payma�u. If
<br /> under pu�ph 21'tb�e P�opeity it aoqdired by lander.Borrowu's daht W any incunnoe policies wd pacoods Rsultia�from
<br /> ,�::w,� dNn�e to�he Property prior w the�ul�itioa sf�ll pt�s w Lender w tho�tau of tbe waa�eourod by this Seq�rity Inurwqeat
<br /> iaaanediste.ly prior w the aoquWdon.
<br /> i.Ooc�acy.Praa'v+ulo�.lllatekaa�oe wd P�+ntect4in of tre Pnnpnty:Bore+uwer's Loan ApplkAtiwni la�l�oldn.
<br /> Borrawer i�w11 oocupy.estrblish.and use the Pmperty a:Bormwer'�principAl�idenoe wlthi�cizty dayi after thc execution of
<br /> this Socudry Incwme�a and sh�ll oaiui�we w oxuP3�tha Pmperty�a Born�wer'p priacipl nesidence for At leust aoe yeur afta
<br /> the d�te of oa��prncy,unless l.a�der atherwise agneer in wrfting.which wnsent slwll not be unmacombly withheld.or unkss
<br /> extenuating circumcu�noa� exht which arc bey�nd Bon�nwa's ountrol. Bonnwer �11 not destroy. damage or impnir the
<br /> P�opMy. �Ilow the Propaty to deterloaee. or comn�it wasta on the Property. Borrowu alwll be in dcfaWt if any for�'�iwn
<br /> action or prooeodin�.whdher civi!or crlminol,is begu�that in[.a�der'e good faith judgment awld result in fort'eitune of tha
<br /> Prope�ty or atlKrvvice m�terially impair the lien crr.ated by thi�Security Instrument or L,ender's savrity interest.Bomower may
<br /> .ew+e weh a default and reinstate.u�provided bi prragraph 18,by causing the nction or proceoding w be dismicsed with��ulin�
<br /> 'that. in L�ender's gaod•faith detecminAtlon. precludes fort'dwro of the Bornnwu's inteRSt in the Ptapet�y or othcr material
<br /> _ impairmeiu of the iia►�cn�tad by this Socurity I�uaient ur Irrnrke's c�u�iiy interesi. iiorrawcr s8a8 �lsa!� ia dcf�tt it
<br /> '�'��° Borrow�r.during the lostn epplicatinn proc�s.gave materially false or inaavrate infomwian or statements to Lender(ar f�iled
<br /> .:-r.�n�
<br /> -'�'�d� to provink.'l.ender with any material inrarn�ation)in connxtion w+ch the loan evidenccd by the Note,inchuling.but not iimited
<br /> — ta.rep�tations conae,r�liog Bortawer'�oceup�ncy of the Pmpeuy as a p►incipul residenoe. If this Secuniay Instrument is on a
<br /> ------- ' leacehpld. Borrowc�s��0 comply with all thc provisbns of the lease. if Horrower acquires fee title av the Property. U�e
<br />___-_= � � Iwsehold and the Cee U�ie sha��rw►merge unless I.ender agrecs ta the merger in writing.
<br /> -- = 7.PnotaKlon ot l.eader's ltiQhta in the Property.IP BoROw�er fails to perform the rnvenants and agreements conteinod in
<br /> - � • �his Sec�arity lnstrument.or there is a legal proceeding that muy signif�cantly af�ect Lender's rights in tAe Property(such as a
<br /> v_ ;' �.procceQing in bankrupery,probate, for condemnutian or forfeiture or to enforce laws or regulations),tt�en Lender may do and
<br /> _ _ pay for whatever is necessary to protect the velue oi the Property and L.ender's rights in the Pr�open}r. Lender's xtions may
<br /> —�-- � includb paying any sums secured by a lien which he.s prioriry over this Secu�fty Instrument, appearing in couct, paying
<br /> :.,.;.-,� reasonnb9e attorna�a'fees and entering on the Propeny to make m�irs.Although Lxnder mmy take action under thie,paragraph
<br /> `"=� 7,Ixnder does not twve lo da so.
<br /> •rx�,P,C�S�� � Any amounts dis�ursed by I.ender under this pnragraph 7 shull become addi�ional debt oi Bo�nower seoured by lhis
<br />��%�u°� Security Instrument. Unless Borrower and L.ender agree to other tcrms of pu;,rr:ent. Ihese s►mounls shull be:u interest from the
<br /> _°---- � date of disbursement at the Note rate wid shull be pnyable, with interest, upon notice f�om l.ender to HaROwer tequesting
<br /> - = Payment.
<br />__===== 8.Mo�age Insuranee.lf I.ender required mortgage insurance as a condition of nwking ihe loan secured by this Security
<br />�a�� Instrument. Bomc�wer shell pay the premiums requfred to muintain the monguge insurence in effect. If, for any reason, the
<br />-`'C�� mortgage insurance coverage required by Lender lapses or cear,es to be in effect, Borrower shall puy the premiums required to
<br /> '•��+^� oMnin covernge substantially equivalent tn the mortgage insurunce previously in effect, ut u cost sub4�antially equivalent ro the
<br /> -�==-"�� wst to Boirower of the mortgage inwrance previously in effect, Pmm un alternntc mortgage insurer approved b}• Lender, lf
<br /> �r,:�-.'[� subslant�al{y equivalent mortgage imuru��ce coveruge is�wt avai)able, Bormwer shall pay to Lender eaCh moMh u sum eyuul to
<br /> '���3�� one-twelfth of the yearly mortgnge in9urunce premium being puid hy Born�wer when the insurance coverage lapsed nr ceasad to
<br />�-°���•�y� be in effect.l.eader wil�accept,use and retain these psiyments us a loss reserve in lieu of mongage insurance. Loss reserve
<br />�� Form 3028 9/80
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