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<br /> , perjads dnt Leiider m�ui�+es. 'IUe inwrsnce csrrier providia�thc touu�x slali be'chosea by Boemwer subj�to Leirde�'s
<br /> appc�nvsl which shall n9t be mnsasombly witl�6eld. If Bona�wec fails to miintain covenga desctibed�bove.Ltnder may�at
<br /> Lender�opnu�e.ubt�in Caveta�t to pe�ota.K IxMet's ti�hts in dle pe�operty in accordance witb p�b 7.
<br /> Ali insuraoce pdicies aod tenewaLs sha116e ac�p�uWe to Lendtr atxf shall inctude s atu�da�d matg�e clause. L.e�fdes
<br /> s�all 6ave the ri�ltt to hotd the policies atb cett�wats. (t Leader.iequiies.Burtower shrU pranpttY S�Ye xv Lender ap t+cceIpts
<br /> - of p�id pcemiwns aM eei�w�l notic«. ln the evenc oFtoss,Bo�rower shail�ive pmmpe naia w tfie insuranee s�arrier�nA '
<br /> L,ender. l.ender rt�sy nufce prooE of loss if not msde PromPtlg by BaROwer. '
<br /> Unkss Lender aed Sarower ahaiwise�e in watin�.inwrance ptoceeds sl�all�be applted oo nscorrtion or aepair of
<br /> - �� ti�t Ptoperty dant�ed,if the restaation ur t�lr is etm�omically feztibk a�Lender's saeusity ys not lessetxd.. If the =
<br /> .` rawratiou.a�epiir ix�oc ecoaomicaUy feasibk or Lender�s securicy would be IasaKd:the inwrance proceeds shaA he
<br /> . applied to the wms aecutrA by thia Securihr Inst�ument.whether or'rtot then due.w�th iny excas paid co Bormwer. If �
<br /> Bamwer ab�nclons the Pmp�rry.or doa aot ansKec witlun 30 days n'notice from I,ender t6u the insurrnce c.�rier has
<br /> of�e�ed to settk a cl�im:then I.ender ms�c411ect the insw�nce praeeeds. Lender may use dx pmceeds ta cepair or nstort
<br /> the PtopeRy or[o pay sums securcd by tbis Security Iasavmenr.wAetl�a os not then due.'E'be 3U�dag peaad wiil begin whea
<br /> . the naace is pven.
<br /> Unkss Lender aad Barower a6erwise agree in writing,�ny apptiearian of pca�eedc co principai shall noa expend ar
<br /> postptxje d�e due date otf the monthl�Payments aferied to in F�8�P�t and 2 or ch�ngt the amount of We�►�cmmts. If
<br /> �t P�S�Ph 2! the Ptopercy is xquutd 8y LeM�et Boaower§right to any insurartse poli�ias and p�o;.eeds rtsulring e�=
<br /> fram damage to the Propetty prior t�dsa seqvisitian sh�U p�ss to Lender to the e�cttat of the sums sacvred hy this Seeurity �°-W—=_---
<br /> ' ins�rumen�immediacely prioc co�e acquisiuoa ��- ��.--
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<br /> � 6. O�cupancy. Pre�rvatioe, Maintenance and Protedbn ot the Prop�rty; Borroner's LoAn Appfkattaa; -;•'���`=_
<br /> LeisebokLt. Borrower shall occupy.es[a6tisl�.and use the Prnpercy as Borrowers principal resideace within sixty days after , "�'_--
<br /> the execution of t6is Securiry.Iasuument and sball conande to occapy the Roperty as Bormwer's pdacipal,nesideace for at -``.�``�
<br /> leasc �ae yeas aRer the date of occupancy. anless Lender ot�erwise agrees in writing, wtuch conscnc shaU Aot be �'�s^-: '"y
<br /> unrea�onably wid�held.ot untess exteanuutg cme��msmnces exist wldth a:e b�ya�nd Bamwer�s codtmL Boaowet shall not - ;, �,�=`,=
<br /> destroY.damage ar impair the Property,altoar the Pmpaty ta daetioraca.oc commit wazte o�the:Proper[Y• Bosrowtr shsll , .
<br /> • be ia defaule if any forfeim�e action or proceeding.whether civt7 or crimin�l,is begun that ia Lender8 gaod faith•ju+dgmeat ' '� �7 �
<br /> couId zssult in forfeintt+e of the Ptnperty or otherwise rtuterially impair tfic tien c�rated by this Security Icutcument or ��=�'E'��: -=
<br /> l.encier's security interest Bomnwer may cure such a defau]t and teinstate,as ptovided in paragaph 18.by causing the acdon �' ��=-
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<br /> , ._, or pcoceeding ta be dismissed with a rulicig that.in Lendesi gaad faith deurtnination.piecludes forfeiture of the Bomowa's [ � �.:;�
<br /> ec
<br /> interost ia the Properry or othu maurial impainnent of tbc lun created by this 5ecurity Insa�mtent or Lender's security �`"�;_.•�=,�.�';�.
<br /> inte�est. Borrowa shaU also be in defaWt if Borrower.during thc Ioan application pcucess,.gave materiaUy false or �, �•.�::b�`:
<br /> iaaccurate infom�ation or��ents to I.ender(or faiied to ptovide Leddet with any material infqrmation►in connectian with '.• , .�--
<br /> she loan evideacea.by c�Nots. including. but no[ limited to. cepresentarions conceming Bomnwer's axapancy of the �;;.;; : :':.. �
<br /> a s a c i a l r e s%3,�`c e. T f t h i s S e c u ri i n s t r u m e n t i s o n a I e a s e hol d.Borrower shall com 1 with aA the rovisions �'�:',::�' '-"'`�-
<br /> �''�P�rt Y P� P t Y P Y P �:.;.,,�: -
<br /> of the lease. If BorrowEs aCyuines fee�2e to the Property.the leasehold and the fee title shall na:mcrge unless l.ender agrees �: , �<�,;;:�
<br /> to the merger in writing. � :. �:. '` `<."—.-
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<br /> ' 7. PmtecNoe ot Leeder's Ii�►ts ia the 1'roperty. If Botrower fails to perform�e'�ovtnanu and ageemenu ' �' •'�?"
<br /> ':� contained in this Se�uity Insavment,br tt�ere is a tegal prucetding [hat may significantty affxt Lender's rights in the . .- ��
<br /> :=: :�troperty(sueh a�a prnc��n��n banYiupccy.probar�,for eondemnaaon or farfeiaae or co enforce laws orregutarions),d,en .. t :
<br /> '-��:Lender may do artd pay�;�.w�ratever.is neeessar3 cq protect the vatue of the Pcaperry and Let�der'��lus ia the Aropeny. - �'�'• � f.
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<br /> : �Lenders actions muy i��a paying a�y sums secured by a lien which has prioricy over this Security Inswmen�appearing , � , '��_
<br /> ' in court.paying re3sortab r�attome}�s'fes and enuring on the P r o p e i t y co m a k e regairs.A l t hou g h L en der may t a k e action � ,. � �:�-.
<br /> under this paragraPh 7.I etr��das rwt tsave to do so. f :;r :;
<br /> My amounts disb�-by[.eader under this paragraph 7 shall become addirional debt of Borrower secured by this �� ' t'y;�.'.
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<br /> Security Inmument iT��•�ortower and Lender agra to other terms of payment,these amounts shaU bear interest from the ,:.�,,..�
<br /> date of disbursemenc at i','ae�iou rate and shall be payabte,witb inteies�upoa notice fram l.euder to Borrower s+equesang � �.,'.'�,"•'s:..
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<br /> PaYtl�ent. ,.�,, i, .; ,:.,i,•.; .:! .
<br /> 8. Mortgage t��_ If Lender nquired mortgage insnraACe as a condition of m�Ect,ag the loan secured by this t ,:�,�;;��"
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<br /> Socuriry Instrumen�Bore;.�u shall pay the premiums required to maintain the moagage urswance in effect If.for any .�`�� ,
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<br /> mason. the mortgage icr�;�nce.coverage requ'ued by Lender lapses or cease� ta be in effect. BorcaAec shaU pay the �,_i:., .,: ,
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<br /> pcemiums iequired to atx�ra coverage subsianua[Ic,•s�uivalent co the mongag= �:ssu:aace previously i� ef�ect.at a cost ,�TY�•�-;..,,.-.=,'� ;
<br /> substantially equivalent ca�'x cost to Bomnwer of�r mortgage insurance pre�u�sly in effecn.from an ai�nate mortgage ?',��; . ' ��'•��.
<br /> insurer 3 roved b Lender. If substaatiall e uivalent mo e insurance covera e is not available.Bortower shaU a to ` ���' "''�';k�• `'
<br /> pP Y Y 9 nSaB 8 P Y �. .r.
<br /> . Lender exh month a sum eqnal to oae-twetfth of the yearly mortgage inswance premium being paid by Botrawer when the ,��;;;�li;��. " .
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<br /> insurance coverage lapse4 or ceaved to be in effec� Lender will acap�use and r�tain these Qaymmts as a loss ceserve in Geu '•����;°f�;;i�k,;�,; a7
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<br /> of,mortgage insurance. b�oss reserve paymmts may'no longer be rcquireQ,at rkie option of Lender.if mortgage insurance . , �s:;,�:,;;�,,,;•��; ,
<br /> covera e tin the amoun��,�t for the od that Lecsder re uires) vided bu.���:;�nr a roved b ten:� ain becomes �S��`�:�';':�;i• � . `
<br /> 8 P� 9 P� PP Y a$ c:,�;. .
<br /> available and is obtained.F�►TOaver sh3Lt pay the prentiums rcquined to maintai�r_'��:�gage insurance ut e�s�or to provide a �;,;�;�";::;;�?.`:�;•;:,��.
<br /> loss reserve.until the r e q uiFecQe�c'far ca c n t g a ge L�surdnce ends ia�tardartce a�h any writt�i`�T+x m e n�be�'x,etn$orrcwer• i� , :;f�;�,t;��:,��
<br /> andLerderotapplicabteIaw. ' • . •`,' � : ,.'ra;:,:'.
<br /> 9 Inspectioe. I.er.der or its agent may make reasonabte er�aries upon�d insgecrions af che Ptager�. �Lender`sh�11 ��� ' �•�
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<br /> give Bortower notice at tite time of or prior to an inspecuon specifying reasonabl��use for�te inspectian. �=....,� - _-
<br /> 10 Condemnation. The proceeds of any award or claim for damages,dii�:,:t dreonscquential.in coRaection with any .
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<br /> Siiiale Famity-Ftseie NadFreAdk Nx 11NIFORN INS7RUAi�T»Uniform Covenana 9/90 /page 3 aJb pagesl
<br /> �:l Wa11aWlu�rey Paer,he■ .
<br /> T��p!1�003369710 O tAIIlfLT01•1131 . .
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