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<br /> "�67f�� 5. Has�u�d or Praptrt3+In9ux-reat�t. fiorro�v�r ah�lt kccp tiic i�cpro�en�ents �ow exl"�TI� OC QlCYC$1RCC CYCCIC/� Ux
<br /> Pra,�erty in$urod agatnst losa by 6re. I�zards included within thc tem►"extendsA cc►verago"and any ather hewds,Jnct��dlr�
<br /> floods or flaoding,for whteh Lender reqwlrfs inwr�nce.Th(s insune�ae�U be mdntiir►ed ln the arnounu�ud for tho paiad� .
<br /> thAt l,endcr requirc3.The insurar�ce carcier prow}dina tlw inwr�noe sha!!bn chosen by�rrower a�b,joct to t,endar's�p�pro��l
<br /> which stWl not be unae�uorw�bly withMeld. If Borc�owu fa11e to mantaia aovera�e d�acribed above. I.ader nry. �t[.ad«r'�
<br /> option,t+btain cavcieg�to protxt Lender°a dght�i�n thA Pt+openy!n accorduioe with p�r�raph 7.
<br /> _� --- —� AU lnsurance poltcks u�d�raaw�sAs11 De aoapt�ble to Lender tu�d efiali irxinda�swiderd mort�sje cirwc, �.arierc
<br /> shWl hava the rlg�t to hold tho polIctq urJ renew�le.U l.en�ler tequlra,Borrawer eha11 pe�on��t1Y Etve to L.ender�11 rea�3ptt of ,
<br /> P�Pr�emiaau and r�ne�va!nodces.In the eveat of loss.Bormwrr etml!givc prompt notice ito the lnauranoe carrlet Mtrd L.e�xler. .
<br /> (aadcr cn�y m�ka pmaf of toea lf not m�de promptly by Horrower. �
<br /> - Ualess Lender and Borrowar othen�+Ise agceo iri w�iting.insunace pmcaalA ahkA bo applied W resWCttion or repair of the
<br /> Yropedy d�nnged.if the restowtion or repiir is 000nomic�lly fasf6te and La�der'e aocurity it no1 tes�enod.If tLe rcatoritton or
<br /> - rep�ir is aoc eoonomically feasible or Lender's saurity would be iqsaeood.the insuranoe proceafs shait Ya rppl.ied to thes�
<br /> sxurad by this Sewdty Insriument. whGl�er or not then due. with any excess p�id to Homower.If Boaower�tbe
<br /> �, --� Pmperty.or does aot ansu►�r witWn 30 drye a no6a from Lender that tl�e Insuraaoo c�rder hss nfferod w setde a cldm.thnn
<br />:s' Lender miy oallect the lnsuraaoe pma�eda. I.eader may use�he vrucooda w �xir or reswrt the Pnoparty or to pa�y suma
<br /> _`_ sxurea by Wia Security Instcun�ent.wt��:ar rwt then due.The 30�day period wW begin whon the nndco is givrn.
<br /> - Unless Lesader aud Bonower othenvise agroe in wdting. any appltc�dou of pmceoda to pii�ipat �lnU not exteod vr
<br /> _ - ----- --------- �tl�se due,det�of tho momhlY PaYments c+�femd W in�phs 1 and 2 or chxnge tlie,twxwat of tLe paymeat�. If
<br /> ti: ander parigeaph 21�tfr�Fno�ity is aoquired by L,ender.Borrnwer's rl�ht to eny insutanoe policies and pmcaods reault�haa
<br /> ' dumage to the Prapecty�vr to the acquisidon shall p,ass w Lendes to tha extent uf the sums sxurod by tpls Savrlty Iffitnima�t
<br /> � jmmedL�riY Pr�qr W t�rd'�iN�pa
<br /> = 6.Oroaa�ec�.�a�e.�1i4�tntenanoe and Protantoa ot the Yropaty;8onowds I,aw A�plicatfo�s;I.eaKiotd�.
<br /> Bormwer ahal!occu;ty,e5sablish.and use the Property as Borrower's princip�i reaidena within aixty ds�ys s�Rer the eacacution uf
<br /> this Secudty Ins��nd shaU rontinue to oscupy the Pmperty as Borrower's princIpal resideaoe for at Irast ono yar aRu •
<br /> tha d�te of ooa�pancy.'r�less Lender othccwise agne.a In wrldng,whIch conr,�.nt shall not be ururasonably wIthhctd.or unl�s
<br /> ea�tenuating ci�as esxtst which are beyond Boxrower's contml. Bomower shall not destmy, damage or impair tho
<br /> propetty,aUow ttte Property w det�ciorau,or cwminit waste a�the Property. Borrower shal!be in def�ilt if�nyr fw�fefwre
<br /> action er pt+ooceding.whether civil or criminal,is begtw that iu��ender's goad faitlt judgw�at could nsult in forfdWre of tlie
<br /> — Property or otherwise materiolly im�palr the lim cnated by this Secucity Inswment or I.endei's socudty itabexes�Horrower may
<br />- -- Y- � cune sucL n default and�elnstato.as provided in paragraph 18.by causing the aaion ar Pro�din8 to bes�isrmissed wtW a mling
<br /> that, in Lender's good feith determi�rtatton. Precludes forf�itino of the Bomower's inter�st'3a�thcs Propaity or other cmurial �
<br /> impaimaent of the Ilen created by tbds Securlty Insmunent ar�ertder's security interest. 8armwer shall also be ia default if
<br /> $otro�-+er.during the loan application pmass.gave materInlly fuase or inac�urate InformntIon or staumeata to Lender(or feiled
<br /> to provida I.ender wlih��ny matertal inform,ation)in oonnection with the loan evideneed by the Nou.including.but aot limtted
<br /> _- to.representadons a�s�eming Borrower's occupancy of the Property as a princi�ai restdenoe.If this Seai�ty Inst�umeut is on a ,.
<br /> leasehol9, Boerower sfieU comply with all the pmvisions of the lease. If 8orrower acoquires fec tifle to the T�c+eperiy. tho �
<br /> _ t: • leasehold and the fee title shall not meige unless Lender agrees W the merger in writing.
<br />-- 7.Protecdon oi I.endec'e RigAa4.e in the Propeety.if Borrower fails to perforn►tha oovenaats and egroamcnta oontained ta
<br /> thfs Securiry Inst�nt�or thene is a'legel proceocbiag that may sigaificantly effect Lender's rights In tha Property(such�.s a
<br />_�, proceeding ia baniauptcy, pmbate,for wndemn�cqan or forfetwre or to enforco taws or regulatioas). then Lendar may do and
<br /> ��• pay for whatever is naoessary to pr�tect the value of the Property and I.ender's dghta ta the Property.Le�er's acx�ons may
<br /> � , . Include paying any sums securcd 1by a lien which has p�Iority uver thia Security Instnament, appearing ln oourt. paYing
<br /> reason��Je attorn�ys'fees and entering on the PYOpercy to make repairs.Although Lender enay take action uader this parAgraph
<br /> 7,L.eadet das not have w do so. .
<br /> Any amounu d�sbunsed b�r Lender uader this parngraph 7 shall ba�me additional debt of Borr�yrer secural by ti�ie
<br /> .,,,�,,c°�.�:,,.. Socurlty Insuument.A3'nless Borrower and Lender agree to other terms of payment. these emowns shall bc�u interest fcwh the
<br /> ::•�,��c.:?,�':;`°�'`:: date of disbuisement at the Note rate and shall be payable, with iatere,ct. upon notice fmm Lender to Honrower tee}uesting
<br /> �';:.�:-.:•.: p3yR�UI.
<br /> ;,�:;;;�;%:': � S.M�ortgage I�uranae.If Lender requirad mort$age insurance as a wndition of making¢Re loan secured by thia Security
<br /> '• .;=�"••: k�.�'� Insnumtut. Bssaowrr sha!! pay the Cremiums re�nim�i tn maintain thc mortgnge Insutance ia affect. If. for eny reason. the
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<br /> . mortgage insurance ooverage roquIred by Lender lapses or oeases to be in effect. Borrower shall pay the pmmtums cequired to
<br /> �`^�� � obtain ooverage aubstemially equivs�ent to the mortgage insurance prevlously in effect,at a cost substantlaUy equivatent to the
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<br /> ...; .x,r::;�, : . co�t w i9omower of the mortgage imsuranoe ps�evIonsly in et�'ea, from an altemate mortgage lnsurer approved by Lender. If
<br /> � ""=�+-� ''•����`%��� substantIaUy equivalent mortgage insnrance coverage is rtot ava[lable.Botrower shall pay to Leader each month a sum equal to
<br /> ' • one-twelfth ot the yearly mortgage iaswrance premium being paid by Borrov�er when the insuiance coveragc lepsed or c�a.ged to
<br /> �� � be in effect.I.ender wi11 accept. use and retain these payments as a luss reserve in lieu of mortgage insurnnce. Loss mserve
<br /> = ,�. Wrtn 3DY+8 8/80
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