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<br /> < • .. s. ���if �MO��BO�Y��ill.��<t�10 �[�OVl�OOIV.C7Li�IQ���.��� _
<br /> < �p�t jlpllt'�j�lpit IO�.�t�E.�9�itldEf�M�l�1bC.fE�1R�Ex1Ed�@1�COY�jC�1Od�►CtbE��•10C� '
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<br /> th�t treoder�equires.7i�e imoiyuwe carcier praviding the ins�uux�e eh�U be c�uaen 6y Borrawer suh,jest to I.eader's�pQroYal <
<br /> . ` which si�ll tat be unreASaubly wltl�held. If Bortower�f�iis to,maintain covenge desctibed�bove.I.eode.t mry.�R.�ender'�'
<br /> . option,obain coveAge to pcotocti l:ender's rights in the pm�pc�ty�in acooidance witA�ptragr+ph 7. � . .
<br /> All inwnr�oe pol�es�W nnewals si�nll 6e acxpt�a ta�Irender a�shall iaclode a�standstd mQ[tg�ge ct�use.l.ad�er
<br /> ah�[t hsve�ri�ht co ho{d d�e poGc�es and ra�wats.If Lender teqWns,Bo�vvver sh�fl ptompdy Sive w Lader all rweiprs Qf
<br /> p�id pnmiva�s aod reoe�rai notioa:In the event o�loss,Borrower sba1t givc prompt npcioe to t6e�ssuranoe�urier#ad Ieader. .�
<br /> Isnd�r mt�t m�ke p�naf af toss if aqt mhde P�Y bY Homower. � : ,
<br /> - Unkss Leoder ud Bamwer otlxnvise�gnx in wridng.iosuiaooa.pia000ds st�lt be�pptiod w resto�atian or tepair af ttie '
<br /> � Piopeny d�ea,if We n.�Eontion or�air is 000no�caUy feasfbk ard I.ada's sawiry is not less�mod.If tLe restor�tton or
<br /> i�epsir is not ecaaomically fas�le or i.eader's saurity wartd be lessened,tbe iawnaoie pmoeeds shall 6e applied Eo fbe sums
<br /> ` �secuied by ttis Sewriry 1�und�:wl�t�er or not tixa dae.witb any ezoess pxid to Bor�nwer. If.Bamowec abredoas the
<br /> Fropaty,or das not a�wer within 3P daYs a mtia fmm i.ender tl�t tbe iasurance cairier has offerod w aeule a claim.tLea.
<br /> Lender a�y oollax tUe insar�oe procxeds. Lader may ose tlse,proceeds to npair or�eston tltie Pnopecty ar W pay sa�
<br /> secttnd by this Socarity Tns�nment.whe.t�her or not t6a�dae.The 30-day period will6egin wha�the nouoe is given.
<br /> Unl�ss Iaader and Borrower othetwise agroe in writing, anY apPtic�tion of pmoeeds w principai sl�ll not exteod or
<br /> postpone tT�c du�d�te of the montiiIy payn�ents refeRO�to in p�ragraphs l��d 2 or cb�ge the amo�uit of tUe paymmts. �€..
<br /> — under puagcaph 23.�be,Pc±oge�tY is acquired bY I�ender,Burrowtr's right to ady�q.��polieies at�pmceedS a�utting fz�a..;'-
<br /> darn�gt to the .`PrCr�ier�r pin��We acquisitio�s�a3.p���:en�er w the extent of the surt�s sxund.hy this Se�tg�.�E:��°.
<br /> ' ba�aediately pri�fb��zbe ac�ibon. • � ; ;: . .:..'��. . :; . !' ` `;.
<br /> . f.OeeuP!�;'A�servadoa>�iot�yiad Protaction oi fi��ivpedy,Bormwa's Loois Apgiintiale;#.ea+etiotas.'`
<br /> Bomower shall oa;ugy.c.stablish.and use the�r+operty as Borrower's`�pal crsidence within six��iays after tbe eaavrion of
<br /> this Seauity Ituuatnrnt and shaU coatirwe fo'acaiPY ihe P�perty as Boirowu's priaaPai zrsidp�e for a't teast aiae yc�r atta
<br /> the date of oa:upancy,udess Gender otherarlse agre�s in writing,which consent s�ria�be anreasouably wittt6��,or nnless
<br /> a�ta�u�titeg ct� e�dst wbich are beyoad Bormwer's control. Bornnwez�.�1l;not destroy. dama8e crr impatr.the.
<br /> Property,allo�'�e Property to dexeriorate;.or oammit waste on the Property. Borr�avrr shall be in default if any forfeit�e�
<br /> adion or pra��, w6ettxr.civi!or criminal,is beg�n that in l.ender's good faith j�nt could resWt in forfeitore of the
<br /> Fnuperty or o��matSrca�.;.y impair tl�ee lien cceated by dus Security Instnunent or 1€'znder's secudty interest.Barrower may.
<br /> = tune sach a def2�;t aqd rei�,�;as provided in parag�aph,18,by pusing the action or proc.eeding tif be dismisse�tirith a ruting
<br /> � that, in LeMes s gaod�fa�i�aiertnination. precludes forfeiture of the Barrower's intenst in the Pmperty or r�l'aer amterial
<br /> -- impairment of�'�ien cre�e�by tlus Sxurity-Instium.ent or l.ender's,security intereat.Botrow�s'�aU alsa 6a in defanit if _.
<br /> = Borrower,duri:y,the loan apptiration process,gave materially false ar inaccuratc information or sta¢e�nts to Lender(or failcd
<br /> — to pnuvide Lender witfi az�y�areria!infomsaaian)in conrkction'witt►ti�ztaan evidenred by the Note,_including,but not limitod
<br /> -� to.npresentadong concerning Borrower's accapancy of the Property as a principal residence.If this Security Instrument is on a
<br />_� leacehold. Bonower shall cromply with al1 the provisians of the tease. 1f Borrower acquires fee ti8e to the Property, the _________
<br />�_,� leasehold and the fce title shall not merge unless Lender agrees to the merger ip writing. =--'°"""=`
<br /> _:� 7.A�otMion of Lender's Rigbts in the Ptoperty.If Bonower faits to perform the covenants and agreements oontained in ���"'-':
<br />-_,..�i tfiis Secudry Instrument. or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a �� ����'`•
<br /> ,_:;�; • procooding in bankruptcy,probate,for condemnation or forfeitnre or to enforce law•s or regulations).then Lender may do and ��';�x�.
<br /> - pay for what�ver is necessary to protect the value oi the Properry and I.ender's rights in the Property. Lender's actions may �' 7�';"
<br /> include in any snms secured b a lien which has riori over this Securi Instrurnent, a n �n court. n `��"``
<br /> PaY 8 Y P tY �Y PP� S � PaYj 8 : '�.��,';-
<br />. reasonable attomeys'fces and entering on the Property to matce repairs.Although I.ender may tatce action under this paragraph -�:�.�°;: _
<br /> 7.Lender does not have to do so. � , - - =
<br /> � Any amounts disbursed by l.eader under this paragaph � shall become additional debt of Borrower secored by this � —"
<br /> S��rity.lnstrumen� Unless Boaower and Lender agree to other temis of payment.c4;:se amounts shall bear interest from the
<br /> . � �e of disbursement at the Note rate and shall be payable. with interest. upon not'r;.e from Lender to Borrower requesting �,.;� ;.: ..:.
<br /> ,.,;: PaYment• , , '� ..
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<br /> . r. i S.Mo�Imvranee.If Lender required mortgage insurance as a corniition of making the loan secured by this Securiry
<br /> Instrument. Bosrower sha11 pay the preminms required to maintain the mortgage insurance in effect. If. for any reason, the ��;� :'`��^yl��4
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<br /> . mortgage insurance coverage required by l.ender lapses or ceases to be in effect.Borrawer shall pay the premiums required to ' ���� . -
<br /> � obtain coverage substantially equivalent to the martgage insurance previousty in effect,at a cast substantially equiwalent to the Gf�,;,;1��;�±.`� , �;_
<br />,-�:! aost to Borropuer of the mortgage insurance previously in effect. from an altemate mortgage insurer approved by Lender. If , , .,�'!�'`��'•
<br /> substantially equivatent mortgage insuranre coverage is not available.Bonowtr shall pay to I.ende�each month a sum equal to � . �� , �
<br /> - onatwelfth of the yeariy mortgage insurance premium bcing paid by BaROwer when�he insurance wverage lapsed ar ceased to � � .
<br /> be in effect.Les�der wiq acapt.use arxl retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> -=I Form 3028 .9/90 ,. .
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