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<br /> s.�a:�ei��n�.�eie� Lwt..a. Banv�a�h:u Eap the ���s m�ii a�s a �ae�ea
<br /> �r��ll�{0�.���.r��AC10�l1a�R(}I!TCRII�CII�Clidld COYEL�C~i�allyf O�IC!�Y7�r 1AC�
<br /> . . }�OOdS Ot�00dldjs fpC 1Y�1�1�.COdES iDQUltbS�#tlt11il10E.�IIS IItWI�110C 3�1i��bC fI1�IIh1110d lli t}1C BODU�s�fOf�1G� , .
<br /> � d�t I,�pde*�aNi�e.s-The iawraooe c�ier pmvidiag fhe inaraacr�Il be chosen by BorruweF subject to Isnder's spproval �
<br /> wt�ich sinit not 6e�u�rasoeibty��vith6eld.If Borrawer fails to miI�ain coveiage de3ctibed above, L,ande:may.at Len¢er'a,
<br /> � `• . option.obtain caverige to grofect i.ender's rigt►ts in tbe Fraperty in�ocardanc+e with para�pt�7. . .
<br /> � • Ali i�nrance policies�nd neaewals slalt ba aooept�ble ta Leader aqd s1mt1�include a stand�rd�tgage cf�use. Lender ,
<br /> ahaU hsve the right to�hoW the polkies and�a�ewals.If Letder requiies:Bom�wer shall P�Y 6�vr uAlsader atl inotipts of
<br /> ' p�id p�r�mums a�d reae�rai oatices.tn tbe evsat of loss;Bairower sLal[gire prampt notia to tlie inw�oe wiriec�Isnder.
<br /> . Lmder mey aui�.pmuf of ioss if oot msde p�omptly by Bormwer. - . -._.
<br /> Unkss[�nda�md Sos[awer adxraise zgzee ia writinp.iosuranoe ptoceeds shail 6e applied W nstontion or nepair of tl�e
<br /> Pmpaty dmgad,if tLe�rstnradoKOr re�ir3s ecotjotoically f�ble tcrl I.ender's savriry is not lessenod.If the nstvtatior�or
<br /> npir is�ot eooaomicatty f�'bk or I�eader's soaa�ety would be lessa�ed,•ibe i�unaoe ptooeeds slwll be apptied m the aam�s
<br /> < sowzed by th�c Sa�rity L�tnmoeut.w1Ktl�er or not tLen dut,with amy axciess paid to Bormwer. If Borrower abandons tbe
<br /> Pcaperty.or does mt aaswa witbin 30 diys a notia from l�a�d�x that the�iasur�oe eankr hu offered w settle a claim.thm
<br /> L�eader may wllaz tbe instiraace proaods. I.ender may uce the pmaods ta �ir or restone the Propaty or ta pay sums
<br /> , sacuiad by this So�vrity Tns�n�whetber or aot tbai due.The 34day petiod ai116egia whai the notia is given.
<br /> • Unkss Leoder�nd Borrower otherwise agroe ia writing.any application of pr0000ds to principal st�all not�eatad or --
<br /> , ' postpone the due.d�De of tLE monthlY payme�s=efemed to in paag�aphs 1.aid 2 or change ti�e mnount of tbe I�aYm�ts-�f —^-
<br /> under .�1 tbe is I.ender,Borrowa's ri t m insurar�oe licies and nnoeeds trsuIting from °°��:-
<br /> P�. �Y . ���3► 8� �Y 3� P
<br /> damage m t6e Rvpaty prior to the acquisition s1nU p�s to T.ender to tl�e eatmt of tAe sums�savnd by this Sxuriry Instrtm�ent '� ��,-`
<br /> �diatel ur m the tion. . ��.�
<br /> • y Ri, � a,oq�,is;
<br /> � f.Ooc�.��oe sod Pmtedbo of t6e Ptoperly;Borro�ra's Loao Appikytio��ds. �;`:�`,.
<br /> Borruwa slo�t.�a�py,establish,aad tue tUe Prope�ty as Bornower's principal nsiderce within siaty days after tl�e execu6on of � ,,�
<br /> '. •�.this Security I�ttumeat and shail aoa�uut�e W axupy the Properey as Borrower's princip�l nsidetxx for at least oae yeaz aftet �-_-
<br /> �:tf�e d�ta of oxupu�cy.unl�ss L.ender atheiwise agras in ariting,ahich consent strelt not be annpsonably witlituld.or untess ` "`
<br /> `.�y�Etauating.c,'4 . �st which,ate.beyotd Borrower's control. Bor�ower sUali not destroy.,dau�age or impair the �
<br /> ��: �• ��''_` -.
<br /> • prapeity,aU�a��Is��ty to deterior.+te,or commit waste on the Pmperty. Borrowu sha1 1 b e ia d e f a u h'i f any fo r feitura � :_
<br /> , 4ctian or piura��3'iag;::�c6ether civil or caminal.is begun that in Lender's good faith judgraent oould resWt in forfeiture of the
<br /> ,�"c n p e t t y o r o d�e r R r i s e m a't e t i a}l y i m{�a i r tl�e lien created b y this Socuri t y Instn►ment ot LEnder's secvrity imerest.Borrower may ��:.;,'
<br /> �e such a defaWt and rciras�ate.as pcouided in paragiaph l8.by causing the action or proeeoding to be dismissed with a ruling E •
<br /> +�t. in.I.rnder's good��deterrt�inatian, precludes forfeiture of the Borrower's imerest in the Property qti'�er material � .
<br /> , �ia�nt of thd lien c�ated by tiiis Security Instnune�rt or Laider's seatrity int�ce.st. Borrower shall atsu��4¢in default if ` � �.
<br /> ; �;orrower,during the loaa applica6on pracess.gave materially false or inaccurate information or statemeats to T.ender(or failod '
<br /> ' % ,.r�provick I.endsr witb any material uiformation)in¢onnection aith th�loan evidenced by the,Nr.n::indudiqp,bat not limited
<br /> '. ts�;representatioas co�uxrqic�BQrmwer's oxupaz�cy af the Froperty as a principal r�ence.Tf rhis Security[rs�tw�ent is on a
<br /> ��,�_
<br /> 2easehold, Borrower shal) e�mply wtth all t�e provisions of the lease. If Borro�er acqnites fea title m cCnr�toperty. tlie �-.:
<br /> leasehotd and the fee title shaU not merge aniess Lender agroes to the merger in writing. °�{S_
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<br /> 7.Pmtection ot I.ender's Rigbts in t6e Pmperty.If Borrower fai3s to perfortn the covenanu and agreemer�contai�a8 dn
<br /> this Spcarity imtmment.or¢$ue is a legal proceeding that may significazuly affect Lender's rights in the Pro�(such as a
<br /> proceeding in bankruptcy.�ce,for candemnation or forfeiture or to enforce laws or regulations). then Le�Bar snay do and { � �
<br /> pay for whatever is nece�cy�v protect the vatue of the Pcoperty and Lender's rights in the Property.I.ender s aedons may ��_
<br /> include paying arry sums secc:red by a lien which has priority over this Security lnstrument. appearing in oaurt, paying ���';
<br /> � rcawnabte attorneys'fces a�entering on the Property to maice repairs.Although Lender may take action under this paragrapb �� � •
<br /> (.� .
<br /> • 7.[.ender das not ha�e to do so. • ' . ' �
<br /> My aa�ounts disbursed by I.ender under this paragraph 7 shall become additiona! debt of Borrawer secured by this t;,;,_ •�
<br /> �•��•��
<br /> Security instmment.Unless Borrower artid Leader asree to ather tertns of payment.these areounts shall bear interest from the ��_.;;,:�;
<br /> date of disbursement at the Note rate and sh�ll be payable. with interest. upon notice from Lender to Borrower requesting "��'�•
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<br /> WY�• � � ,• �
<br /> 8.Mort�e Insuranoe.If•Lender required mortgage insurance as a wndition uf making the loan securod by thts Security �
<br /> insnummt. Borrower shall pay the premiums required w mtintain the mortgage insurance in effect. If. for any reasan. the �,; ::_
<br /> ' mortgage inwrdnce ooverage requirod by Lender lapses or ceaus to be in effect.Borrower shall pay the preueisans required to
<br /> o6tain.covetage substantially equivalent ta the mortgage insurance previously in effect,at a cost substantialty oguivulent to the . ����' �,
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<br /> oost to Bonower of the mortgage insur�e previously in effect. ftom an altemate mortgage�n..�rer ap proved by lxnder. lf r•• .
<br /> substantialty equivalent mortgage insm�n:e coverage is not available.Borrower shall.pay to L�ndcr each month a sum equal to '
<br /> one-twelflb of the yearly mortgage insuca.�oe premium being paid by Borrowcr when the insurai:ce coverage tapsed or ceased to ' '
<br /> be in effect.Lender will ,5.� . � •:
<br /> sceept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ,,•:
<br /> farm 30?.� 9l8O
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