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<br /> • <� ' � 5�` of`'iaa�ler aepe�f qi i�
<br /> . , .�.tWdn+i�ir,.lt�eeti?rrin�o� 9a�r�t �oeeP 1�t� �°a'e�ta� ` ° .
<br /> . � . ..Frdpe�tX u�rad�isst lo��jr 6n.bo��tuded.rit�at die,�am'c�nanded alY'er+6��a�.�t�a lwstn�t.jocNi�if� ,,
<br /> . Aood�a�!{oodiu�,4far�vlix�L�eoder rbqu�ct utauanoe.'F�imsm�c�e still be ar�e�+ned in 1i�e amoeats`and�bt fh�par�di� ,
<br /> � �. �.anr Imd�reqiuna..'llie�ioc ca�r�pmriaia�t�e i�rx+oe�s6au be a�ose�by�eonower�bje�t�ca I.mder's�pp�ai
<br /> w6iicf�;s6alf mt be mu�Y��� If Bpno+�er `ts�uQ�dn�tia cova�lg`C�ab�ve.�mdra mr�!.s`L�es`s -
<br /> aptim,a�i�cnver�e u►protect l�ender`s rights ia tha Pcogaty m aoo�ocdmoe rKitb 7. t � .
<br /> � . �' �i�policies�ud�+val�s6aU be a�ooepdbk co Lender u�d sh�ll mcl�de a st�ndtrd a�azs�e�e- Leada .
<br /> .`si�it fi�vt t6ie i�ht ta ieotd thc poUc�s�d ndte,w�ts:���,8��Mli.g�tl��e 3�Itader ali�noeipRsa�f _
<br /> , � p�id�aod�neoe�►r,�3 notiaes.ta ihe eva(t of�OSS.B�owu sMil Eive pranpt notiae to the insunnce carcia mW Lader.
<br /> • ' I:e�der mry indte peoof of ioss ifflot made P�'umplY NY Borro�a. � _ , <�'. . .
<br /> . Udess Ieoder ard 8onor�dr at�xwise�Oe�n�8•�+e ps�oo�dS slatl be a�pplied to ia�atinp or tq�air of tbe
<br /> YcopR[F�sd,if tbe n�ranar acmpir is oeoaeabpLly!'ea�'ple aad Lender's se�irty is aot J�:If tha cestuntioa or
<br /> . �is mt enonprniralty#eaa'6he ar 1�'s seactity waald be lessaoe�,tbc iawe�oac pcaoeeds sh�ll I�e appfied to abe s�ms . .
<br /> - s�cured 6�'shi�S�auity I�.�1�l�er ar t�ot t6m due,v�d►anY exoas pid to 8ottoweJ. I€Bonv�es a6andoas tbt
<br /> , 'Ytapesty.ar dois mt ans�ra�ridnn 3E►dsys;.notioe fmue isndar th�t t6e iraataaoe cartia fi�o�tn sdde i c1ai�.ti�en _ ,
<br /> • Lrader may oolioct the inwranc�e p�naeeds- Lrnder may'use tbe piooeods to Kpir or ast�e tbe Ptvopecty or to pay smps' . .
<br /> �.sxnred by tlus Sa�prity Tr�suummt,�v6dt�er or not il�a t�ue.T�e 3dtiay period�ri1i Uegin�vb�e no�ioe�is givtn. ,
<br /> . • Unle�t�eaiier aad B�adje�wise agm ia wriai�g.ar►y�of I+ru�eoeds to P�P� � 4��"�
<br /> �pos�po�e the`doe da�c o�f tbe monthiy payhrmt.s iefared m ia�hs 1 aad 2 or�uage the�of tbe paiymans.If
<br /> • under p�h 2I tbe Pinputy L4 abqaitod bq I a�der,Bottowu's ti�M ta su�y iasur�oe policies'and pr000eds n�ult�ng frau �
<br /> , d�ge to tbe Ptopetty prior to tbe aoqwsit�a sh�l t�Do l.eoder W tbe aue�sc bf tl�e�seaicad by this Saurity Inunmria�t
<br /> mmmo�telY Prior to the aoquisiuon- ,, :
<br /> • f.abc�cy,rtt�o�.M�e�e�e ad PMMedioa�ot ttie P�+upartr Earro�ds Lo�o Appliaittoe;Leau�sid�.
<br /> - � Ho[tnwet alwli oxapy.e�ablish:�md ase the,Pmpecty a4 Botrawu's prjacip�l;nsid�noe with�ahcey daYs�+er the e�teauion of ,
<br /> _ • this Sxurfty I�tre�ment and sdal}eontinue w oc�vpy tba Pmpe�tSr as Borrower's prin�pal nsidenc+e for at tast�one ydc at�er ' :
<br /> - the da�e of oocapancy;untesc L.ender atberwise ag�es in atiting,which oonseat shall not be tmr'r�sonably�wittibeld,or uolesg .
<br />=: � ...- -- •-- . .
<br /> e�tenuaqng cit�tanoos Caist wi�'uh at�e'beyenQ BoQaarePs canQvt.°Boztorver sdalt not destsoy- danm�e w tmpar the . -
<br />- ProQaty,alloa the PropeRy to deteriorate. or commit waste on Ebe Pmperty.Borrower sbaQ 6e in defaaft if aay farfeiture
<br />- actiou or pmce�ding,whether eiwl ot e�,is begun that in La�d�r's good faith jadga�tt could result in forfeiwn of ibe .
<br /> - Fmperty or ott�eswise matedally impair the itea created by ttiis Sacurtty Insuument or I.ender's searity interes� Borrawet may
<br /> cvze sach a def�lt and reinstate.as providod in patagtaph 18.by�ausing the adion or pmceeding to 6e dismissed w�th a niling �
<br /> _ that.ia l.eikkr's good faith deter�aination. p�cludes forfeiture of the Bnmovrer's intenst in tix Property or other material
<br /> impaimtem of the lien created by tfiis Sxurity Insuument or L,ender's securiry'interes� Borrowa shatl alsd be in default if-
<br /> %• Barmwer,during the taan appliratian prucess.8ave materiaity ialse or iaacciu�te infom�ation or stateme�us w l.ender(or failed
<br />-�. , to provide I.ender witI�atiy material infom�ation)in caanneetion with tt�e loan evidenced by the Note:inctuding,l�ue not limiud
<br /> " � to.�ions oonoeen�n8 Borrowei's oocupancy of the Ptaperty as a�riacipal msideaoe.If this Secarity Insttnment is on a
<br /> - leasehold. Borrower shall oomply with all t4e provisions of the lease. If Borrowet acquires fee title to the Property, the _—
<br /> '' �`` leasehold and the fee titie s1�a11 not me�rge unl�Lender agrees to the merger in writing. ==-__—_
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<br />_ . ;.�,��':�, 7.Protection ot I.mder's Rights in tlie Property.If Bornower fails to perfosm the cavenaitts and agr�ts comairted in �,.-__
<br /> ��' - " this Securi Instrument.or there is a 1 roceedin that ma si ificantl affect Lender's ri hts in the Property(such as a � ``�-
<br /> S �L . tY � P S Y S� Y. g '�;�_=
<br /> pmcooding in ba�ilauptcy.probate. fot condemnation or farfeitur+e or to enforce laws or regulations).ihea L�ender may do a�d '`�.___�:
<br /> ''��;: ' l�Y fot whatever is r�e.ssary to protect the value of the Property and Lender's�righ�c in slte Ptoperty. l.ender's actions may ', ,-=.;�_z._-
<br /> '- :� ' include paying at►y sum.c seciued by a lien which has prioriry over this Se�.vrity Instnrmeut, app�ring in caurt. paying , i�,'-.��_
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<br /> ' � .. -.:. • teasoaable attoraeys fe�s and entering on the Property to malce repai�.Althaugh I.ender may take action urxtcr this paragraph "=-;u,._;
<br /> . _ .. -� ; - - •.
<br /> 'x, ' �;=�-� 7.lxnder does not have to do so. . � �
<br /> :- •���=;�;�.•^ *� , Atry amounts disbursed by l.ender under this paragraph 7 shaU hecome addition�l debt of Borrawer secured by this .
<br /> •R.:
<br /> � ����' Sec[irity Inctrument. Unless Bottowtr and l.ender agrea to�}her tcrms of payment.these amaunts shaU bear interest from die • ••:;
<br /> .. '>�3.:1..4 . ' ..-�'
<br /> date of disbursement at tho l�tote ratc and shall be payable. with interest. upon notice from L.endet to Borrower requesting '�`
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<br /> - "�'.�,5��"'� �yltlGtll. �`"•'==-
<br /> ' • `� '-r�' . S.Mortgage Insarance.If lxnder reyuired mortgage insurance ag a candidon of making the laan socured by this 5ecuriry -`.`�.��."_-.=-
<br /> -:.�:.,-.�.. _
<br /> ;? .,.,, lnstniment. Borrawec shall pay the premiums required to maintain the mart�e,insur.u�ce in effect. If, fov any mason. the - -
<br /> ''��'��'� mortgage insurance coverage required by L.ender lap.se�or ceases to bc in cffcxt. Born�wcr chall pay the premiums requir�ed to . , .:
<br /> �,.`'��•�`•� obtain mverage su6�tantially equivalent to the mmtgage imurance previously in effect. at a crnt substamialty eqnivatent to the -
<br /> �� .�,: ,". . � � ' oost ta Botrawer of thc mortg�e in:rnurnttce previously in effect, fmm un alternatc mortgagc insurcr apprpved by i,endcr. !f ' , -..
<br /> � '"� "�"• substantially equivalent morigage insuranc�e�roverage is tu�t uvs�ilabte.Hurmwer shall pay to Lencier each manth a wm equal ro �
<br /> � 4��' �
<br /> �`:,�-:; . onc-twclfth of the yearly mortgage insurnnce premium I+eing paid by 8arrower when the in�uranre cover�ge lapscd or ceased to -
<br /> � '�'`" be in effect.l.cn�ier witt
<br /> , ; i �:�:• arcept.use su�d mtain titzsc payments ati a lotis res;erve in lieu af mortgage Inwrance. La+s rese�ve
<br /> . .''':d,��� . . , Form 3028 9/90 .. ,
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