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151 as�12
<br /> S, Ha�.rrd ur Pruperty Ltisurxocc. Borrower r.httll k�p �he improvem�ntv naw e�ci�ting or here�ftcr cr�tul on th�
<br /> Pr��rty inAUtCd a�stin�t lac.c by fire, hxz�trets includul wit�in the te;rm "�xcended crneraLa" anJ any �lhcr haurd.�s, includin�
<br /> ticxxlx or flaodins, foc which Lende[requi[es insurancc;. Thi�insuruncn sh�ll ba maint•rined in the anx�unt�:tuul for thu�erindc
<br /> that Lender rr�quires. The insurnnce c�rricr pravicling the insvrxnce�hull he chcrFet�by $orrower subjzct to L�n�ur's upprova)
<br /> which shxll nat be anree�nably withhc�ld. If Borrower fnils m maintain covera�e dascribed abova, L.��Jer niay, at Lendzr•s
<br /> opti�n, abC►in coveraLe to protect Lender's ri�hts ia th�Proptrty in�eeorcl:uiee with paragraph?.
<br /> All insurffix:n policiess and renewxls Rhall t�a acceptahla to I,endar xnd shall incl�tdo �t stxndarJ martb�e cluuse, i,�nd�r !°,D
<br /> shall havo the right to hold the poGcirs and renewAls. If Len�lcr ruiuirc;.�, Bnnower shail prarr►pUy rivc lo I.ender all r�cipts c�f � ,
<br /> �uid premiumc�d r�uewal notices.In tl�event of los�, Borrower shall give prampt notice to the insurnncZ C�tmur und Lende�,
<br /> L.�dcr may makt praof of los�if not mada prompey by&�rrower. N�+
<br /> Unkss Ltdlder and Borrower ot$Crwise a�n;e in writing.insur�nce proczed�rJ�l!be arpliul to r�xinrution or r�p�i�af tha O'
<br /> Propzrty damub�cl, iP tha re�toreCion or r��puir is ee�nomically feasihle and Lellder's secvrity is not l�envYl. If the ra�;t�ration�r �
<br /> rupeis is not e3wnumicxlly faasible or Lendex'a security wpuld be loFSened, tha insur�nca proc•,�xls sFu�ll bd�pplieci tn the r.umc Ih�
<br /> xecured by thi.� Security Inscrument, whether or not khen d�, with any oxezss padd tu $�rruwcr. If Borr��.ver abandons thz iV
<br /> Pmperty, ar cloes not xnswer within 30 days A notiee from C..c.�nder that thcs insurancd c:amer has atfzred to�uttlz h cl.�im, 4ian �
<br /> L�clur may collcx:! tl�� in��uranw pevicee<!s. Lentler m:ry u.ee the prnceed�s tc� repait rn' r�tor� the Propzrty or to pay tiun�s
<br /> xecured hy thiF 5ecurity In4truntent,wh�ther oz noi t3iett<iue.The 30-dity period will b��in�vh�n thc*notice iK giv�n.
<br /> Unlaeq LCO(18Y Ai�d BOit�UW61' OthCYW19E asY�C ih Wntln�;, nny applioatidn of proc:e�ecl.a to princigal shall not cxtand or
<br /> pos�tpone th� Jue daw af tho monthly payments referred t� in ��ardgraphF 1 and 2 or chanQ�t4�o �mount of lhe paym�ts. if
<br /> under par�gruph 21 the Prc�erty i�acquired by Lendar,Dc�rrower's right to Hny insurnnce policiux und proc�d�re:+ulting from
<br /> damage to tha pm�x��y rriar to ti�e Acclt►ieitiort shttll pass tu Y.i..nd.:r to thn ra�tnnt of tha smns sccur�d by this Se�curity tnstrument
<br /> immecliately prior to the acquisitioa.
<br /> 6. Occupancy, �r�rvStiun, Maint�uuK�e and Prote�tinn of the Property; BorroWVer's I.iuun Appliwtiun; Lx�L��ldc.
<br /> Barrower sh�1l cxx:apy, a�tablirh,and usn the Prope�ty a.a$c►rmwar'F principal rasidr,act within sixty daya uflar thc ex�cutioa of ,
<br /> this S�curity [n5trument and shall cnntinuc to occupy the Pro�rty as Borrowtr's prmc;ipal resicknc�fpr at leant o��e y�1r after
<br /> the date of occupancy,unle�l,ender oth�rwise s�;rees in writing, which c�,s�r►t uh�ll not be unrea�onably withhald, ur unio�.�c
<br /> extettuakinr circamstattces ejcist which an; bi:yoncl Borrower'!� cant�ot, Bormwar shall not dt�troy, damag� or imp:tir th�
<br /> Prop�riy, alle�w lhe Property to cl�teriorate, ot' commit wasGe on tbz Propzrty. 13orrowar sh�ll be in d�fault if su�y farf�itrir�
<br /> action or pn�ceeding, whether civil or crinunal, LS bz�lln th8t in Lunder'�gnnd fYith.rydgment coald r�ult in furtailure uf thc
<br /> Pmperty ar otherwisa mattriully impair tha lien ctegte:cl by thic Szcurity Insttument or Lender's�:curity intere.�t. A�nrw�r nu�y
<br /> cure soch u dvfault and resini,tat�, a.ti provicl�xl in pat'��t�h 18, by eausitlg the aetion ar pr�cee�cling to txs diKmiRS;ed with a ruling
<br /> Ihmt, in Lender's gcx�d r.iith d�sterminatipn, �rtticlndes forfoiturc of thu �orr�wci s intern.vt in the Propetty or c�thot truu�rivl
<br /> impairment nf the lien cteatrd by thiF Secutity Insttum�� or L��k;r's sc:c:urity intereat. Bormwer Fhali al�o kx. in Jefault if
<br /> Borrawer, durin�the]oan application pra:�ss��;ave malerialty falsc:or inaccuratd infarnxiticx►or statamenG:to Y.�.ndur(or t'stil�d
<br /> to pmvide Lendar with any ut�teris►I informAtion)in eonncction with the loan evidanced by tbe NoGe, incluJing, but not limited
<br /> to,ldprdR�ritAtiOriS COnCGning�OtroWar'a occ:ups�ncy nf the Pr��+zrty a.s a rrinci�+ai rosiJene�. If this 5u:urity]nxtrunx��t is on a
<br /> leasehoid, Borc�wur :zhxll wmply with all the pmvisians of the le�se. If Borrower acquire.� frx title t�� the Praparty, the
<br /> lea.arhold nnd the fee title�hall not merge unless L.radc�agrc�to th�.merL'er in wntin�.
<br /> 7. Prntectiun nt'La�der's Ri�hts in the Prnp�ty, lf Barrower fails to perfor�n the coven�ts Knd a�re:em.:nlv ca�tainecl in
<br /> this Security Inatrumcnt, or thar�is� a 1egY1 praceediog that nrny significanfly affect T�e�d�r•s ri�rht�;in thc Pr<�perty (s�ich 3y .�
<br /> proceedin�;in�wnkruptcy, probate, fcx condamnation or forf�ituru or to enforce lxws�r re�ulat[on4), thtn LznOur rnxy dn an�3
<br /> pay foc whatever i�s necessaty ta protect tho v�luc�oF the Property and I�nder's ri�hts in the 1'rup�;r�y. L.�m�r's� action� n�y
<br /> includa paying any sums sacurc;d by a li�n which haR priority uver this S�curity Instrumc:nt, x�ring in court, r�►yr�
<br /> rea�onable attorneys' fixs and c�tGring on the Pmperty ta u�ka rapairs. Although T..�aclur may talce s�ction w�dzr thi�pxrr�raph
<br /> 7,L�n�lcr doea not havo w�cr so.
<br /> Any amounts dinbursed by Lend��r un�1�7 this para�;r.�h 7 sha]I becoma udditiodal dzb� of &xrower �+ec:urCCl by this
<br /> Sacurity Instrumvnt. Unlu� gorrower ancl Lendet�L+tto to othzr ttrms of pey�t, th�•se amnuntti shall heat int�r�st from lh�
<br /> dato of di�burr�m�rtt Rt th� Not� rate and shnll t�e payable, wich interest, upon notice from Lc.�nd��r tc� Borrowec re�lurstin�
<br /> PgYm�t.
<br /> $. Martga�!e Iricursunce.If Y.c�aid�;r roquir�martga.e in��rance ns a conditian oI m�kin�*the loan cer.ur�l hy this 5u�;urity
<br /> lristrtla�nt, B�rivwer ahall pray the presmiutas required to mHintxin lhe mo�tgdge in:,urance in effrxt. If, for nny rc.��nn, thC
<br /> mortRage insurance coveta�e requiru!by Lend�r lxpsc�or cea.5e� to be in effect, Barrowar shall p�y lh�premiums: requirtd to
<br /> obtain covara�a�ub�tant'tally equivul�,nt tu the mort,�a�c�insurance ptzviou�ly �tffect, at a co�t substantially equivalent to tha
<br /> cn�t to Borrawer of tlte mortgab� Insurancr previously in et�ect, f�om ae �►Itemate mortgab�inxurer approved hy I.en��r. It
<br /> Ai1bFG'IRIIAI�y EquIYdLC11L n10Yt�;Kbd Ind"�iTRnco cc�Verage is not slvaj�ab)z, Borrower sha[1 pay to Lenik;r c:ich mc�nth a sum equal to
<br /> one-twullth of th�yesrly mortgage insurance pternium bziA�pai�t by Sotrowar when thc inxurxnce covew�c larrecl ot cet��d t�y
<br /> be�in effect. I.endet will accept, uce and rztairt these pAymanta as a loss resnrve in lieu of mortgage inFUrance. �.ow� rcu:rv�x
<br /> Form 3028 9l90
<br /> �6RfN!)t�s�s�.o� G'Ya�3 cf 6 ��,,,r„�C�. 1)1'S 1954
<br /> ��.C
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