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<br /> -_ - � �.��OZtE$�OT FiNp�S4y,�1i6C. ��iTOWCS SI�911$24'��[0��2�V!!�lIIf6 QAw��.t�1' d�tH0: ,
<br /> �- - - - � Pcopeny�iii�ncea a��oss�r,srz�naz�ds iad�ded,wft�isi mo csm�°axte.r��d wve�ege°ancE+�t►}►c�4tter Q�s���I�ta, �,. :::.`
<br /> �� floods or fl�adln�.fos wRic�I�adsr�tiir�lnsu�nce sQ•nnm,n�e�sbaiE_�.tunf�o_em�4t(n+t��td�Rt_��_-�_.�`.:�_ _ __
<br /> ' .ithat Lendcr r�re,4.'I4t�la.gurss�ce canier pm�3iug t�cr.I�viauae 6hst1E.6e clmse3�6y Botrowet snbjet7 to Lender 8 a pro-vai--�-- `
<br /> _- _ wl�ch shalt not t�an:easouabty withAsid. Yf Sorrower faits to malr�taM�verega descxibed atwve.I�der mtay.�t�t�dcr'� . . •
<br />�, -= agtica,ostaia ooversge=ro prote�x I�ffier�s dghts-in cne F�operty in acaorda�e alth par3gr�ph 7.� ,, . - . _
<br /> -- — � `}A!i insutauce patIcies and�ne�rals_sl�sll 8c�aepiat�Ie to L�nder and sball iadude a stan�ard mostgage ataus�. �.e�dcr � .
<br /> = shall Qave tLe�ight q hotd tne policies arid repewals.If Lender requires.Borrower aDalt P��Y S;ve to�er a1t m�ipts df
<br />-.;'� . �aid preminms and�ewat aotices.In tIl��t af tass.Bomnwe,r sLs��give pmmgt aotFce to tbe insa�anae c,�es and LEndu. . � .
<br /> - � - �-- 1.�derg�yma�e�moFoftossIftnotaaad�.�rn►�►b}r 8orrawer_'- -- ----------------_ -------_ =--- -
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<br /> � Uaiess Le�der��o�mwer atherxrisa agcee in writing,ins�anne pmceeds st�all'oe appl�ed w resturmtian or�air of tae � _
<br />- Prope�tj►dnmzged.if the restdratton or repair is eooa4micaliy feasi'bte ead Lz�der's se�ityis ant�esseuea.If the i�asWraieoa or .
<br /> :�': ` r�pair is nat eoannmiralZy feasI6le ot Lender'e security wonld�e tessened,the lnsvrarxee proceeds sbell be egpi�ed to the se�mg
<br /> . seauo�by this Sectirity Insuu��, afi�her pr no!thea d¢e.with any exce�s paia�Lo Eoirower.If fioac�wer s�nns t� .
<br /> Progcaty,or does aot muwe�r'�+ithia 30 da,yrs a natice finm I.ender that the tnsoraRce c�rr�er!ms offerad to s�tte a c�alm.then
<br /> - ire�der may aollesc the iasvranoe prooeais. Leuder may use the prnceada to tepair os zeatore thc Pcaperty ar W�ay suws
<br />= , secured by t�ta Security�nstcnment.wIlctver or aot tt�ea due.'ibe 3Qday petiiod wllt begia whea tIte aotioe is given. . � ..
<br />- � Unl� �nder and Bomower othecwLse egree ia writing,anY ePPlication of praeeeds w prinapst s�ti no�e��mt
<br /> - �._Pa�ne the dsc dat�a�the mnntblY Paya�nts.neferred to ia Qaragcaphs 1 aad 2 or change the amonat of the paymeats. If .
<br />-- - ;.:;iatder paisgcaph�21 the Pmpeat}r is ebqui�d by Iander.Boirower's dght oo a�r 1��lictes and proaee�s r�iting from
<br /> = �:`, :. -•� '+3amage m tI�e ProPert3+[mor to the acquisitioa sball pass to Lender to tlte eatent af�;�s�ciued by this Secw�ity1�nsWment
<br /> '��1:;�immediately prior to tIle acquisition., . ; 's�';�:°;``.:-' ;
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<br /> ` :'-.:`��,;` --�- - ,:.` G. P�+eservatt Mr�tz�ace and Prrotection ot the Pro • ��s�.oan A t�on I.ease�old4.
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<br /> -�'`� 1 '�°�' `-Borm�rersh3ll oa�u establish,aad o�es$e as Bomower's riaci .
<br /> �" PY• �rt!► P P����5►daYs a$�thaexeauforiof
<br />~,� ���.�`�' ;this Se�vrity Iastrument�aad shall ountinue to oaaipy ttie Prosieity as Eomnwei's{�cipal resfdet�oe for aii�,.one yeat att�r � ^_ ---
<br />-���?``�'�-;'"������ -�•.�e d a t e o f � a a .u n l e s s I.e n d e r o t t�e r a�L s e i n w i i
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<br /> �P �Y �g�s t i n S,w h i c 6 c u r t s�.s�a l i a o t b e u n c+e a s o a a b i y a v�Z e l d..O s u n l e s s
<br /> _} 3*�` '.:�.: ::::�:� �� extenuating.circumsmnoes exist which aie beyoad Borrower's wntrol. Boim�vea shal! noi destruy. dama8e or,intps3r tfle
<br /> _ ._`,�;�;. ��;�r�. ... pi+ogerty,allow t&e Pmperty w deoeriozate. or oomndt waste an the Property..Boimwer shall be ia defauIt if a�y,forFeiture
<br /> . _ ,: �; �,: . action or proceeding,whether civil or�mal,is begua Wat in Leader's g�k faith jtWgment oould resnle in forFeimre of tlie
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<br /> ���;;' . " '�� �:F = � l�npeny or otheiwise materially impais the lien created by this Secamty Iasau�or T.ender's security inte�esl.Bomuwes may
<br /> � ' � P P�P bY c�sing tl�e��:or pmce�ing to be dismisse�wUh a iuling
<br /> ': -�--,,d i_ :_ �.'.,:: ,�_ . .cute such a d�fe�ilt and reinsiate,as mvtded Iu h 18, e
<br /> `��.- �':. `1��.� : : � - that: in Lender's good feith derermir�tion, preciudes forfeiture af�te Borroarer's interest in the Pcoperty oz ot4es m�ial
<br /> ° :r'.,<�'�.;:�'�;�:�:`�,< �, .;� impairment of the liea cceated by das 5�auity Instnunent or L�er's security interest..�a�r+rer shal!also be in�e�t,ii
<br /> ; t�'s`': �'`�" •` Bormwer.dudn the loaa Lcatt�rn�s.P,ave materially fatse or inaocurate infurm.atie�e+�i5tatemeuts to I.endar(ar�
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<br /> .�r,: ,°.� ,�� � . � to provtde Lender wIth any i�ateri��i�aFinaHon)In connection wtth the loan�by t���Iae..�►:indisdi�,but�t Yiiaited
<br /> � ��:,; .� �:�'��,'c.'�.•'.� � ' to,representations concaernir.g�•er's aeeupaasy of the Fruperty as a princi�.�sldeuQe.If this Seeuaty�ume�at.,ssoa a
<br /> , .• :�``,:r . . Leasehold, Banower shat!•�Iy c�.all We pmvisions of tir�:tease. 1f Borro�rer ac��c�s fee dtte to the P�i. t�
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<br /> � .`. � 'U��` . leasehold and tke fee title shal�not '
<br /> �� '": ; r�age unless l.ender agreES ta cF,�saerger in writiag. --
<br /> � ' ` ' 7.Antedton nf Lender's Rig6ts ta the PropeNy.If Boao�fails to perfasm the covenants and.agr+eementa mnta�r�d in ��-
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<br /> , ' th[s Secvriry Instrument.oi there is a legal proceeding that may significandy�'ect Lender's rights in the Property(suc�t�;s a ..�����"'
<br /> � roceeding in bantuu . .f. �'";���
<br /> ; p ptcy,probate,for coademaation or forfeiture or to enforoe Iaws or negWations),thea Lender may du and •�,:..:�.,;*-
<br /> � � �','� . pay for whatever is necessary to pra:�a the vatue of the Propeny and Lender's rights in the Property.I.ender's astio�c�ay °°'�`;_
<br /> _. _ include paying any sums securad �Sp a llen which has prioriry over this Security Instrur�ent. appeating in ooutt.�u�g ,. �'` �.-:M�li�_
<br /> _ ;� masonable attomeys'fees ar►d eateri��cr che Properly to make repairs.Although l.ender msy take actton iutder this�ph - � ��'��'-
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<br /> � ;, ,. . . �.Lender does not have to do so. ::� . ;��.�„-—� -
<br /> •` � • . Any amounts disbucsed by I.ea�er under this paragraph 7 shall become additional debt of Bom�a+er�.b,y.Wis ' ,, ';:�___
<br /> � � ` - __ __ Security Instrnment. Unless Borrower and Lender agree to other terms of payment.these amounts shaU bear int�rest�the ` �, -�"=
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<br /> � - - date of disbursement at the Note ra¢e and sAatl be payable. with interest, upon notice fmm Lender to Bomower r�Ying - ��_ .�,.t�_4'
<br /> ' :, : "_, payment. .,f�' `"k t�;�
<br /> �� � , 8.Mostgage Iasurumo2.If L,ender required mortgAge insu�ance as a condition of making the loan secured by this Securlry � � �*.,{,�`"
<br /> - � Instrument. Borrower sis�I pay the premiums required to maintain the rlrartgage insurance in effect. If. far�ny reason, the �- •
<br /> : ' E� ,:.�.;� mortgage insurance coverage required by Lender lapses or ceases to be in effece.Borrawer shall pay the presr�ums requirai to � : '..;.; , -
<br />-" ` � obtain oovera e substantiap urvalent to the mort u e insurance r viousl m effect, at a cost snbstantial[ `"'�
<br /> S Y�! � g S i�- Y � Y�luivale�t Lo the �. s�..:�;. .
<br /> .. 8 S P Y � gagp apProved 6 lxader. If �:''`:�r` �"
<br /> ±� cost to Borrower of the mort a e inswance reviousl �n effect. fiom an altemate mort insurer ' -.�.> . �
<br /> ; f,. . • substaadall uivalent mort e insurance cove y `��"''�l
<br /> y eq gag rage is not availabLe,Borrower shall pay to Lertder each rr�ur.th a sum eQual to . ,
<br /> �� t� .,'� one-twelfth of the yeariy mortgage insurance premium being paid by Borrower when the inswance coverage[apsed or oeased to �� . ,
<br /> _ ' t' . ` be in effect. Lender will accept.use and mtain these payments as a tass reserve in liea of Mostgage insurnnce. Loss reserve � . .
<br /> • � �;�„���' Form 30Z8 9/90 � �`t� .
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