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<br /> •� 83- 106Si5
<br /> �. Hwnd or proppty Liwnncs. Bormwer �hdt ka:p tho fmpmvernantr now exi�tin� or ha+eattm eroctad on tLe
<br /> Propcny inwrod a�ain�t las�by flm. turird�insluded within tho tcrt� "exter�dad coveraRe"and�ny o�fKr I�,�rdr. lacludiaj
<br /> floods or floadinQ.for which Lender roquirr�insuranoe.Tl�f�inwrwioe�IWI be mrintdned io Ihe anwunts�and for the perlod�
<br /> tiW L.eMer roquire�. The inwranca carrier pmvWin�the incurnnce olwll bo chaaen by Bormwer subjax to �.ender's�ppmvd
<br /> which xFwll not be unrwsar�bly wllhheld. If Bormwer fails to maint�in rnvcragc drscribod Mbove, l.ender mAy,at Lendcr'�
<br /> option.obtoin wvernito ta pratect Lender'�rfghta in�ho Property in accorJana wi�h�mrugraph 7.
<br /> All insuranco policiesR pnd renewalx slwll be aoceptable to I.ender and chAll include a st��d mortgage claure. Lenda
<br /> -��_.,.o��.._._�_ xFull I�ave the right to hold�he poficfes su�d rcnowalY. If I.ender requirca.Borrowar Rhall prorrmtly Rivo�a I.ender�II recelpts�of _
<br /> p�id premiums and renewal naticcs.ln tho event of losa,Bormwcr�iwll�ivo prumpt noticx to the inwraikx c�rr�er�nd L.ender.
<br /> Lender moy m�ke praof of lors if not made promptly by Horrower.
<br /> Unlesa L.ender ar�t Bartower otherwie�agree in wr�ting,insu�unce prnceod�ahuli be opplied ta astoration or rcpair of the
<br /> Property danwged.if 1he resloratbn or repuir is economicnlly f�ible and Lender's secur��y is not lessenai.if the r�estoratian or
<br /> — - repoir fu mN euunumically foacible or i.c�xier'a securiry woufd be lessened, the msurance proceede shali be applied lu Q�euna �
<br /> securod by lhis Sccvdty Inslrument, whcther or not �hcn due, with any axcess paid to Borcower. If Borrnwcr abandoac the
<br /> P�operty.oc daes not anawer wi�hiu 30 ciays a notice Gom Lender that the fnsuronce esrries has o£fered to settle a d�im.then
<br /> l�ead�r an� eollect the insurunce pRx-vvd.s. Lender may use t[�e proceoda to repair or �estore t@�e Pcupe�tX oc w pqy s�uns
<br /> secu�d Ay this 5ecur�ty Instrument.wL*ether ar not tloen du�e.'i't�,e 30-tlay period�ilt l�egin whc�n►t�e notice is given.
<br /> Unless l.ender and Borrower otherwise s�gree eR wri�ing. any application of proc�ooiEs to principal shsdl not ext¢nd or
<br /> postpone the due date of the monthly payments refern�d to ia puagtaphs 1 am12 or ctw�ge the anaunt oE�he p�}rments. lf
<br /> •uMer puagraph 21 the Property is acquired by Lender.�er's right to uny insurance policies aad proeoeds�esulting from
<br /> dan�gc to the Property prior to the scquisition sh�!!�s to l.�d�er to thc cztcnt of thc surns secueed by tdBs Scz�niq�Ic�te�utent
<br /> immediately pr�or to the acquisition.
<br />"•t�� 'n,,, 6- OccuP�ncY.Pn�scrvatMn�1Nointenaace wod Ptotcrtioo ot t6e Property:Borrower's Loan ApplieAti�n:l.ease�ulds.
<br /> ",� � ` Boapwer sball occupy,establish,and use the Property as Bor�ower's prineipal rexide�ce within siaty days a6ta:ct�r��tion of
<br />_ this 5roEV�'6�instrumer�t aunr3 shall c�oa;6raue ta accupy the Piroperty a�Barrower's principal residence for ap least c�x year ufter
<br /> -� ��' �'�; the�ce c�f u�►�upancy.�nt�.�ss L.ecd'er or[ierwlse agrees in writing.wCtirh oonsent shall not be unreaso+�bty wvithheld. or unless
<br /> , ,, • eztenuatim,�. circumstan�as exi,s� w•lai�i are beyond Barrowcr's cbcquvi. �orrower shall nat destroy, da�v,�age or im�r the
<br /> . ` Property, allow the F�ccty oo deteriorate,or commit waste oa tt�e Pca�e�ty. Borrawer shall be in default lf any forfeiturc
<br /> action or procealing, whether civil or c�iminal. ia begun that in I.ead¢r's gaad faith)udgment could resul� in forfeiture of the
<br />-.. Property or otherwise materially impair the lien created by this Se�v.riry t�uvrnuut oc[.¢r�der's security interest. Borrower may
<br /> cure such a default end reinstate.as provided in purngrnph 18,by ca��ir�g dur ar.-tinn or prooeediog to be dismiss�d with a ruling
<br /> `� _-- ---__— ---_= thnt, in l.ender's good faith dtterminat9ei�, precludes forfelturc of she Bem�wer's intcrsst in thr Propesty or athtr mattsial
<br /> .,�.4.��,,.. impairment of the lien created by this Security Instrument or L.ender's security interest. Borrower shall ulso be in default if
<br /> �,' '�� Bom>wer.during the laan application pracess,gave materially fulse or inaccurate information or stalements to l.ender(or falled
<br /> ,..,,,
<br /> :,,� .,;,�° to provlde l.ender with any materiel infarniatian)in connection wilh the loan evidence�l by the Nate,including,but not limite�
<br /> .p�; to,represemations concerning Borrower's oocupancy of the Propeny �u s�principal residence.If this Security Instrumenl is on u
<br /> , ,.� r. �V leasehold. Borrower shall comply with all thc provisians of the lease. If Borrower acquire� fee title ta the Property, thc
<br />_ � r�yt., r loasehold and the fee title shall nat merge unless I.ender agrces to the merger in writing.
<br />-� �"�;' a�; 7.Protection ot Lender's Rlghts in the Property.If Borrower fails to perforrr►the covenants and aRreements wntained in
<br />� '��°'''"`�'`"j=`'� this Secur�t Instrument, or there is a le al rocee�i�n that nw �i nificand affect l.ender's ri hts in Ihe Pro rt (such as a
<br /> Y S P B Y •�B Y 8 Pe Y
<br /> ���'� proeeeding in bankruptcy, probate, for condemnution or forfciwrc or w enfiircc luws or regulations), then I.endcr may do ssnd -
<br /> : .�-.�..r..,..�-� -
<br />_ ^�`id�~�•='� � pay fur whutever is necessary to praect the vuluc of'thc Pn�perty und L.cndcr's rightx in Ihe Prapeny. Lencier's actions may
<br /> � ,�<.�..�.;•.. .
<br /> '"'"`' � '' '"'' include puying any sums secured by :t licn which hus priority over this Security lacirument, appeuring in coun, paying
<br /> '.-i"i�R:'Yo`}�r;�-•• .. –_
<br /> •���'��"�:�► reasonable attorneys' fees and entering on the Property ta make repsir�. Althnugh l.ender msy take action un�ler chic paregra�+h �''
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<br /> �, '7,Lender dces not have to dn so. ,_,
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<br /> �� �•"���: . • • Any amounts disburseJ by l.ender u�xier this paragruph 7 shall bcrnmc additional deht of Borrowcr secured by this
<br /> " '��'� ''��r�� i Socurit Instn�ment. Unlesti Borrower und I.endcr a rcc to c�tlwr tcrrns of a ment, the�e umnun�s shall bwr intcrest from the --
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<br /> ��' �' �'''+•t'z.r"'�' date of di�buraement At �he Mote rale und shall be p•ryable, with interest, upon notice tiom l.ender to Bc�rrower requesting
<br /> :�:��.• ��,,�,�;� _
<br /> , �y;° :.} PaYment. _.
<br /> - r�, �,,;{;� 8.Mortgage In4urr+nce.lf Lendcr required mortgagc in,urancc u+a c�mditi�n at making the loan secured by this Sccurity
<br /> . �� �-;;�i�i;:��::•, Ins�rument, Borrawer shall pay the premiums requlred t�i maintain the nxmguge insurunce in effecl. If, for uny re��n, the F
<br /> ��' ,�.,:�:�;�';���1 . - rnon a e insurance covern e rc uired b l.e�xier la ses�tt ccuscti to hc in effert, &irr�iaer+hall .� the rcmiums re uired to E'
<br /> � , 8 S � 4 Y P P'Y P q _
<br /> - � '° .,f:� .: obtein coveruge substantially equfvalent tc�the mon�!uge insurunce previ�wsly in effect,at �cn�t+ubstantially equivulent to the =
<br /> ' ���```•'�` � •!��. cosl to Borrower of the m�nga�e inrur:�ncr prrviously in effect, from un alternate m�►ngage intiurer approved by Lender. If
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<br /> - ,'���� """� subuantially cquivalcnt mortgage insurancc ri�v�rugc i�not uvails�hlc, &irruwcr.h•rll pay to l.endcr cuch month� sum cqunl to �
<br /> �} , .'•,.,;t; one•twelfth of the �nrl mort a c inxurancc remium hcin ai�i h &►rr�►wcr whcn the in,urunre covrra e lu seci or ceased to
<br /> Y' Y R R P F P' Y R p �v
<br /> . be in effect.l.ender will accept, uxe unJ reiuin these puyments us a Ios� reservr in lieu ��f mortga�tc inxurvnce. I.��ss reserve _.
<br /> • • Fam 3�28 9/80 �•°
<br /> • �fy: . -. Peg�3 019
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