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<br /> Q. I!� ar FYopel� I�ea�ca. Bomower t�b�il Ireep the improvaneot�now eai�iq��fr ��Nar� ca tde
<br /> Propaty inwred�inp low by B�e� lurrrds includod within Qie te�m'catetided covp�a�a'�uid any a0�er haurda,includin�
<br /> floods ur llooding,tor which I.a�der roquiRa inwr�p�oe. This i�uur�p�oo slull 6e m�lntdnad io the miou�rcs ad Por the parlod�
<br /> Ib�t l.enckr tequi�a. Tbe innr�noe carrier provldlnQ tho inwnace tf�ll bo clio�er�by Bortowa subject to L.�tdar'�approvd
<br /> which�hall�wt be un�antrly withheW. If Bormwcr fiil�w m�inWn ooven�e described above. irenda miyr. at L�a�der'�
<br /> opion,obuin oova�e w protect La�der'i ri�Ms in the Proparty in accad�noa with par�n�ph 7.
<br /> All inwr�noe polkia�nd naiaw�l��hall bo�capnble W l.ader�rd Rh�ll include A ctardanl mart�c ciw�e. I.mder
<br /> �tull have the d�ln a 6oW ihe poUcia and n�ewd�.if L,cn�fer roqui�rs.Barrower�II prnmptly�iva a L,ender dl�eodeipa oP
<br /> p�id pren�iwns ami renewal nWioe`.In fhe event oi locs,Borrower chrll�ive prompt rwtfoe to�he i�uranoe ardrx aad I.er�der.
<br /> Lendet may mdce proof oi las�if na mdo promptly by Bon+nwer.
<br /> Unkxs L.ender u�d Bomnwu dhe�wise�►oo i�writln�. inwennoe pmooed�ch�ll be wppliod to n��on�tlon or�ir of Ihe
<br /> PropenY d�a�ad,if the ratorntfon or ropir i�ecanomically fe�ible and Lcnder's cecurity ir not latened. If the rostotstion or
<br /> tep�ir i:no1 eoonomlcally feaiibk or lmfer's socudty would 6e les�c��ed.lhe inwru�oo pr0000da �hdl be�pplied w the wm�
<br /> I� sauned by this Secu�ity Inst�ument. whelher or not then duo. v►�th any cxoas paid to Borrower. IP Bon�nwu�b�ndons Ihe
<br /> 1'rapeny. or does aot�wer within 30 days a notiae from I.ende�that the insutwna carrier Iws offered to attle�cl�ro, then
<br /> i.a�der miy oolloct the ir�ur�nce prooeals. l.ender may u� 1he proceeds to rcpair ar rcuoro tf9e P�openy or to pay�
<br /> txurod by this Savdty Instrummt,whqher or not thm due.The 30�ay pcdod wlli begin when 1hc iwtia is�iven.
<br /> Unkss L,ender wd 8nrrower otherwise a�nee in wridng. u►y applicatjon of pnoceeds to principd shall not eatend or
<br /> .;,,' poctpone the due date of U�e monthly p�Ymen� nefened to in pxrAgraphs 1 and 2 or change the amoant of tho pAyments. If
<br /> • wder pangaph 21 the Property Is acquirad by Lerder.Borrower's ri�ht to any insura��ce policia and proaeds rcsuldn�ftom
<br /> �� dunage w tba Property prior to the acquisitbn sball pass to Lender w tbe�tent of the wuna securod by thia Secudty Instn�
<br /> `':`°� . . iiwr�edi�tel rior w the ulsition.
<br /> �'' '.�"�{`"xt'n� Y P �9
<br /> '�1 ���� -��,�„` 6.Oecup�ocy,Pt�e�vatioa. ll�idawaoe w�d Protection o�Ibe Piroperty;Norenwer'r I.a�a Appflc�tioai I.eac�olda.
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<br /> .�'.r�.' •�.s -.�`..::';:�::;�# Homower slwll oavpy.esublish,and use the Property es Bomnwer's princip�l residenoe within sixty day:after 1he exavtian of
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<br /> . -:�}.��t: this Security Inururtunt and shall continue to oxupy ihe Property as Borrower s pdncipal tesidence for at least one year afler
<br /> ' - �'��''+- ihc date of axupancy. unless I.e�der wherwise agraes in writing. which oonsent shall not bc unrcasonably wlthheld,or unless
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<br /> '. . �'��;,;;�u� i�.� � ��,,u�� extenuating clrcumctanoes exist which are beyond Barrower's control. Bomower shall not destrny. dartuge or impair 1he
<br /> -:;'�:� ,,,.• �`�tr ti..,, Propetty. pllow thc Property todderiorate. or rnmmit wacte on the
<br /> ��":�..:>�' Property. Borrower shall be in defauh if any forfeiturc
<br /> ''� G�'�' '��-��'�l;};`�`��: '• action or proceeding.whether civil or crimfnal, is begun tiwt in Lender's good fa�th judgment c�ould result in forfeiturc of U�e
<br /> '.�.,,". ; ?;;:t, ,; Propeny or atherwise rnuerl�lly impair the Ilen ercatod by tl�is Secudty Instrument or Lender's security inte�at.Borrower rn�y
<br /> �� ,�,. -• cure such a default and minstate.ns pmvidod in paragraph 18.by causing the action or proceoding to be dismissed wlth a ruiing
<br /> �'"�''��� tlwt. in i.ender's ood fai�h determination, recludes forfeiture of the Borrower's interest in the Pro or wher materl�l
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<br /> �� impaim�ent of the lirn creatad by this�ecuNty laurument or I.ender's secudty intercst. Barmwer shall alw 6e in default if
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<br /> .• � � Borrower.during the loan application process,geve mater�ally false or inaccurate infomwtion or statemenls to L.ender(or iailed
<br /> �`�� � ''�`"�`'������' to provide i.ender with eny materis�l infomiation)in connection with the loan evidenced by tlie Note,including, but not limitod
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<br /> � � ���;• • - ,'�:�� .; i to,reprcsentatlans conctming Borrower's occupancy of the Propeny As a principal residence.If this Security Instrument is on a
<br /> � �� � Iasehold. Borrawer sholl wm with ell thc �ovisioiu of the lease. If Harrower ires foe dtle to the Pt
<br /> ' ,':.`-,�; � �,�:�� , I MY P acqu'e opcAy, the �
<br /> � . ;�'j;'���s�'; . .��r leasehold and the fee title shall na merge unless I.ender nsrees to the merger in writing. �# .
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<br /> . �;;::;. � 7.Pnotoctlon ot I.ender's Rights la the Property.if Borrower fails to pert'arm�he rnvenants and agreements contained in
<br /> � j��'��� � Y e8 P 8 Y• S � Y B perty (such as a
<br /> • ni�� •� .: , this Securit Instrument,or there is a I al roccedfn that ma si mficantl affect I.cnder's ri hts in the Pro
<br /> N,k•,. :_ •� ,,..., praceeding in banrruptcy. probsNe, for rnndemnation ar forfeiture ar to enforce luws or regulations),t1Kn Lender may do and
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<br /> "�$ � ' •, p�y for whatever is necessery to protect the vulue af the Property und L.ender's rights in the Property. LeMer's uctions rrwy , �
<br /> , ,►,� „ include paying any sums secured by a lien which has priority over this Security Instrument, appearing in rnurt, paying � !'
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<br /> �•i�,� ;.; rcasonable auorneys'fees and enterios an thc Property to rtwke repairs. Although L.ender may take action under this paragraph
<br /> . •_,»�. :.�•4,,c`�x, 7.Lender daes not Iwve w do so.
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<br /> � ',�s'.� :. An amounts dislwrsad b Lender under this
<br /> ; % .�;�;,.� y y parngraph 7 chaii eecome additianal debt of Borrower secured by Ihis
<br /> , "".s�v'� '�j•� Socuriry Instrument. Unless Borrower and Ixnder agree to o�her terms of payment, these amounls shall bear interest from the �. ,.
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<br /> r�� .;��Kf;`. ,,,u;.;.,t . , date of disbursement ut the Note rate and shall be pnyable, wiih interest. upon notice fram Lender to Rcxrower requesting
<br /> � �T.. �; :,, PaYmeM.
<br /> '` ;�'�i~` ' 8.Morlgage Insuranee.If Lender required monguge inwrance a.ti u condition of making�he loan secured by this Securiry
<br /> • ' • Instrument, Borrower shall pay the premiums required to maintain �he mongage in�urance in effect. If, far any reoson, the ���:`
<br /> ' mortgage insurance covea�ge required by Lender lapses or ce:ises to be in effect.Borrower vhall pay the premiums required to
<br /> � �� • , ��. obtain wverage substantinlly equivs►lent to the mortgage insurnnce prcviou�ly in effect, at u cost sub�tanlially equivs�lent to the
<br /> � � � • ;'•'"', cast eo Barrower of the mortgage insurnnce previouxly in effect, from un ulternute m�►nguge insurer apprc�veci by I.ender. If
<br /> ''�!f� ' ����,; �'� substan�iall uivalent mort a e insurunce mveru e is not availnb�e.Borrower,hall a �u l.ender e;Kh momh a sum e uul to �
<br /> t! �.,. s�•, Y�l 8 R � P Y A
<br /> ;.,•, • one-twelfth of the yeutly mongage in,urance premium being puid by Bornawer when the in,urance coverage lap�ed or ceased to
<br /> f+'= i.!� ,� be in efiert. Lender will aacept,use and retain these paymcnt.r ati u loss reserve in lieu of mortgage insuru�xe. Loss reserve ••,,,.,�,
<br /> �` � : r Fam 3028 �/80 '�c..,
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