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<br /> S. N�r�re N�wq lw�+�w. �orrowe� �W! 1c«p the tmpiov�a�oai aow � or ro�wAa�arc+d a� 16�
<br /> prop�ty I�wrd�Iw IoM by M. h�irwMiddd wiUdn the tarm "ealand�d oownre' and wy otl� b�r�rd�. iodudlq«
<br /> iivaiis ur iiin�ii�. iui:ti:::..,.-�:.�tifY�ft" ... . '!!!!=lt�s:t�!!'R!k±!!�wriwiui�rd ia dM aNa1rW+rd foc d1��io�
<br /> thM Lader roqulro�.The itiunnot c�urkr ptovidin�tho Ireut�ace dull be cl�o�aa by ltcxrowef wbJest w l.srdar'a�ppnuwl
<br /> whkh �lall nut be unrcauon�bly wkhlkld. !t Barnwer fail�to mdnWn ooveea�e dac�ibed �bove. l.ador r�r�x t,l�rdu's
<br /> option,obta►n c�ven�e to proteq Letxkr's dshta in the Property in�cmrd�nce with pr�niph 7.
<br /> All iaiu�t�oe policks�ud renew�t� �lul1 be�ooeplaWe to[.a�der �nd dult include�at�rded mat�a�e rlw�e. Laider
<br /> ��. �II h�ve the dg6c w hoJd tl�ee polcics ud r�arcwdi. It l.ender roquira. Borrowu�hrll pranptly�ive w L,ader all r000ipts af
<br /> _ prkt poemivaw u�d roaew+l notica.I�the event of low,Bonower�II slve p�oa�pt aotioe w tbe inwnooe carrbr�od L�endw�.
<br /> Lader nry mdce proof of las if not rade promptlY by Bosrowu.
<br /> - Unlas L�nder w1&xrower othawl�e�roe ln writi�.inwranoe proceecfs�lull be applied w rato�or re�ir ot the
<br /> Property danr�ed. if the ro�tor�ution or rcp�ir is econo�dc:�lly fauibk�nd Lender'��ecurity is not k�c+�ed.If the ratorntbn or
<br /> tq�fr is not eoonomically fasibk or I.rnder't racurity wauld be la�ened,the irouranoe prncaeds s1u11 be applied W the wmt
<br /> securod by Ws Sewdty Imttumau. whether or not tlkn due.with�ny ezass p�id to Borrower. If Batrowu ��dont the
<br /> ProQertY.or daa not snswu within 30 days��wtioo from Lader th�t the inwr�nae carrler!ua offend w�ettla a claim. tbGn
<br /> l.ender may odloct tho insuruice pr0000ds. Lender mty usc the prooeed: to repair or ratore the Pnoperty or w pay wn�s
<br /> �oatral by this Socurity Insttumait,whether or not tlkn due.'Ih 30day periad wUl be�tn wha�the rotloe iR�vp�.
<br /> Unlese L.ender and B�xrower otherwise aQcee in wridng, any t�pplicatioa of ptoceeds w principd sh�U not extend or
<br /> patpa�c the due ds�ef the mwrhlY paYmrnts rcferted w in pu�r�plu 1 u�d 2 or dnn�e the amount of the ptymeMS. If
<br /> unda puaaraph 21 the PropMy is�cquii+ed by Lrnder.Borrower's ri4ht W any inurmce policia ard ptnceed�raultin�tmm
<br /> dam�e to tLc Prope�ty prior to the acquisicbn�Fult pw to Lendar a tl�e extent of Wo wm��oatrod by thls 5auriry Int�um�ot
<br /> � fmmodiately prior to the soquisition.
<br /> = f.Ooa�p�acy.Pr+eurvatioo,M�t�teo�ncr oad Protectioo ot the Propartyi Bocr+ower•s Low Applieatlooi I.erebold�.
<br />� Borrov►er stwll oxupy.atablish.uid use the Pr�operty�s Borrower'a principal rcsidence wlthin cixty days aRer the euecution of
<br />- th�s Secuciry Inctruma�t uid stwll contlnue to occuPY��'�nY as Bomawer's priocipal raidence for st lact ono yeu�ttu
<br /> s the date of occup�ncy.unless Lerder otherwise agroes in writing. which conaer►t atwll not be uoc�asonably withheld, or unkss
<br /> extenuating circurtWancec ezist which are beyoad Borrower's control. Bomnwer sh�ll not datrny. diuns�e or impair the
<br /> Prq�erty,allow the Ptoperty to dd�eriorate,or oommlt waste on the Property. Borrower slutll be in defwlt if any forfeitur+a
<br /> action or pnxaoding,whether civil ar crlmlrwl, is begun th�t in Lender's good faith judgment could result in fodeiture of the
<br /> Property or ahcnviso m�terfaUy impair the lien crcated by this Socurity Irwrument or Lender's axuricy iaAemt. Bomower may
<br /> • CUfC TUCII A dCfAUII illd it,�tlSfatt,u provided in puagaph 18.by causing the action or procoeding to be dismisced wlth a ruling
<br />'-.. , _ tbar, in T�n�kr's ga,d faith detcmiination, proctudes fodature of the Bocrower's itKerwt in the Propaty or otfier rtwterlal
<br /> imp�irnant of the lirn cmated by this Security Instrument or Lender's socurity intercst. Borrowcr slwll also be in default if
<br /> Borrawer,during the loan application process,gave materixlly false or inaccurnte infom�ation or sGttcments to Lender(or failed
<br /> = to provide Lender with�ny m�ceri�l inforn�ation)in connection with the lo�n evidencod by du Note.including,but not limitod
<br /> 'r�.� to,representatians conceming Borrower's orcuptncy of the Propeny as a principal residence. If this Socuriry Tnstrurtrent is on a
<br /> leasehold, Borrower shalt co�nply with all the provisions of the lease. If Borrowcr�cquires fec titic to the Property. the
<br />- � � leusehold and thc fet tiqe shall not mergc unless Lender agrees to thc merger in wating.
<br /> ,�'�'fr��`+'�"- y.Protection of I.ender's Rights in the Property.If Borrower fails to perform the covenants and agroemcnts ca�tained in
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<br /> "�'r"�-�="7• "--:�"�� this Security Instrument.or there is a legal proceeding tbat may significantly affect [.ender's dghts in the Property (such as�
<br />-" ""'''"""` procceding in bankrupecy, probate,for condemnation or forfeiture or to enforce laws or re�lations),thert[.ender may do atd
<br /> _ � ••.:,..
<br /> pay for whatever is necessary to pn�tect thc value of the Aropeny and Lendcr's rish�s in the Propeny. Lender's xtions may
<br /> s�� ' include paying any sums socured by a lien which has priority over this Securiry Inxtrument, appearing in court. paying
<br /> �wr�,,•r.•;. ,
<br /> . � .��^`"�•*�• �• rcawnable attomeys'fez.s and entering on the Property to make repairs. Although Lender may take xtion under this puagraph
<br /> . . ;'':�:',;x.
<br /> �r :.,���r, , 7.Lender does nat have to do so.
<br /> � , • Any amc�unts disbursed by Lender under thi� paragraph 7 shall become adclitional debt of Borrower seeured by this
<br /> ' � '- Security Mctrument. Unless Borrower a�xi Lendcr agrce to other tenns of puyment, the�e amonnts shall bear interest from the
<br /> ., .� ��'` date of disbursement at thc Note rate and shall be payublc, with intcrest, upon notice from l.ender to Borrower roquesting
<br /> ' �` �` payment.
<br /> �j:si—T•r'�. 'G1y
<br /> ,�. � 8.Mort�age Insumnce. If I.erxter required mortgage imurance at a condition of making the lam secured by this Security
<br /> ''y Instrument. Borrower shall pay the premiums required to maintain the mortgase insurance in effect. If, for any reason, the
<br /> � � mortgage insurance coverage roquired by l.ender lapses or ceases ai be in efFect,Bonower shall pay the premiums required to
<br /> � ' obtain aoverage substantially equivalent to the mortgage in.rurance previuusly in effect,at a cost substaini•rlly cquivalcnt to the
<br /> ,} ..�-•,.;:'�';:.0 cost to Bnnower of the mortgage insurance previously in effect, from an alternate rn�rtgage insurcr approved by Lender. If
<br /> - substuntially cquivalent mortgage insurance coveragc is not avuilable,Borcower�hatl pay to Lender earh month a sum equal to
<br /> �`� one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurunce cov�rage lapsed nr re:�sed to
<br /> • be in effect.L.ender will accept,use and retuin thts�payments as u los� reserve in lieu of mongage insurance. Loss reserve
<br /> ��,
<br /> Form 3028 9I90
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