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<br /> ° �11 imurxncc �dicitn xnd ��n;:wely vhall ix w:srntAble t�� I.r�+sier and _,luli include a•alual�ni nx�rtg�ge clw�t. Y.rn►7i+
<br /> .h.,ll{... �C... `t���,S).,.i.l�i•..w*`l..i...i,.n.i r�•iw�.n.�e ll l�uulv.r�.•n�u..�. {1.�....R'.•r�l:.+l�rliU�:tqlZ�r G�ti�t7�1 S.i'C�Uf11':���YII�L'IUIS Uj ..'.
<br /> p�i}nw�u�gnd ra�ewol,natica.in the cs�erU of loss,Bawrowtr�h�l!�(ve pmrr►ps rKxice ec,�lie ins�rar�r�rrior rmd t.cndar. . .
<br /> I.re�der�r.ny mske prcx�f i5f IuKS if nsx mmde pmmQtly by Fic�cro�avr.r. . . .
<br /> l�nlrs�].ct�dr.�ai�1 i3urc<>wer othrrwisc ogree ln wrltin�,in.SUranco prcxeals shr�l t►�a�lied ta rCSx�.iratiun or.�Ypair of the
<br /> �,r�j,�ty d�muged, Ef Qh� restaraiiar�or repau is ec�.�ix�micalby fea�ihlc sncl I�:iKlrr's s�ecurity ih M'�t lessrnaf.If the r+cstroralior.►nr
<br /> rcpa�r ix nnt n.t�nc►micalfy fea:,lble ar[.e�iiier's security would he tes�eiwl, the iuwra�xe pr��ctads shu11 iK:.,appli� io Ihe sun�.v " �
<br /> ��r•r!r�l �y th�• �t�rity lu�tnn,•�nr. Wlu�fi�rr nr sut; thrn ��ir„ wi�h any c::r.ess psid to Rc►IfOWei. Il�BUCIOWrY 8b8(1��11'S �tht ,
<br /> Pre►perty, ur dcH,w tx�t rnawer witbi��30 days a noticc from Lend4r that the lt�s�rancc carrier has nfiicred tn settle a cleim,thtn
<br /> Lcr�ier irwy cc�fle�t the insurnnc+c prnceals. I.e�xier may use tl�e pruc�dy io r�sir or restore the Property or to puy sun�s �
<br /> rxcurai Gy thic Security Irstru►nc»t,whr.ther or nat then due.7'he 30-ciay pzrial v�lll 4�cgin K�hen tl�c natice is p,ivcn.
<br /> Uuless l.e�xler aixl florrQwer otheiwise agrc,c iu wridng, uny a(�plication af �proceeds to grincipal shull not txte:ncl nr
<br /> �stpo�x tl�e cluc datu oi tl� �rwmhly paymenta referred fo in paxagraphs 1 and 2 or char�ZC d�c:amount of tUe pxyrr�entx. If —
<br /> under narag�a}ih 21 the Pmperty is aequired by Lender,iiclrro��er's ri�hi to any insurance paii�iws unci��ruu.-izi5,�;sutc:,-.�.��,�a —
<br /> riamugc to tne'rro�eny�rior io iiie acyuisiRian shai!pass+�i.c�euer io tiic c:nicui u;d:c stt,��s�u,u.—:.�ty th�„�c.:�;;5 f ir,s;:ut3:�.—•e
<br /> immcriiatcly�ri��r to tlx acquYSitian. . � .
<br /> 6,O�.�cul�rrcy,i'��rvallon,blAinteaAnce u�d 1'ratection od the I'roperty;Ffarrmwer's Lr�an Appllcatton,�.ca.�c�s.
<br /> Florrowcr s'�a;l cxti�ipy,c:stzbfis!�.�ns;use the Yrope�2y as Borrowcr's pri�v:ipal residenc,,with;n sixry days�ftcr fr,a r,xecntiore of. _=
<br /> this Securicy Instrument und shall eontinue to occt�py the Pro�erty as Bo�TOwer's princip�l racidence fc�r at fe.3st ane year aftar
<br /> Ihc date af occ�upancy,unlcss Lendcr otlic�tivise agn.es in writing,which coe�scnt sliaU not be unreason�bly tvitlshcld,or unl�s
<br /> ez.t:�ivating circiimstnnc�s exist which ure beyond Borrower's control. Borro�wer 51ia1� not destroy, daz��ag� oz• impair t�e
<br /> i'rop�:qt�,.,n�low the Froperty to dr.teriomte. or commit wastc on the Property. Borrow�r shail be in defuult if any forfciture
<br /> ae:�on c��'pt��cs:eding,whetlter civll or criminut,is be�un that in Lender's good fiutl�jud�mcnt could result in forfeiture of'the.
<br /> AEogcriy or i�c;�erwise materially impair the lien created by this 5ecurity Instrurnent or Lciider's security intcrest.Borrower mny
<br /> v�tire sucL s►�3efault und reinstate,as providrd in paragrnpt� l8,byr cnusing tne uctian or proce�d�ng co i�aismissan wim a miing ;�.-
<br /> ' inai, in T.ctmsc•'s gwd iaiii� UCLGIISIjItill�Vl1� Yici:liiu'c3 f��ciiiiic 'vF i�ie x^na��..+vi'o iiyi.,�..,K iri 2,'tC Pxts�t f ��C:1,'°"•c :ssatr''s:! ,'�`'
<br /> impairiuent c�f tlie lien cmated by this Security Instrument or I..�nder's securiry interest. Borrowcr shall a.lso be in deiault if -
<br /> Bonower.ds�ring the loan applicatian prACess,gnve materialfy f:ilse or inuccurate infomiation or statements to Lender(or failed
<br /> to provide Lcisder with any mate.rial inforrnntion)in cmnncctiun with the loan evidencccl by the Note, inctuding,but not limited
<br /> to,repiesentati�i�s ooncern�i�Borrower's occupancy of Q�e Prope,rty:�.s a principal residence_ [i this Security Instniment is on a
<br /> leasehc,ld, Ifoxrower shali compiy wifl� al! die provistons of the lease. If Borrower acquires fee titic to the Prnperty, Ehe -°
<br /> leasehold�nd the fee tiQe shall not merEe unless I.ender agrees to the merger in wridng.
<br /> 7.Protesflon of Lertler's Ri�hts in the Property.If Barro�ver fails to pert'onn the cuv�nnnts and ngrce:nenu containe��>:n _�
<br /> this Security Instrument, or thene is a legal praceedin�that may sisnificzntly af'fat l.ender's rights in die Praperty(such ti� n =
<br /> proceeding in bankruptcy,probute, for condemnation or forfeiture or to enforce laws or rcgulations).then Lender may do autd
<br /> pny for w6r.tever is nccessary to prottct the vnlue of tlic Property and Lender's rights in the Propeny. Lender's nctions may
<br /> enclude paying �y sums secured by a lien �vliich has prioriiy over this �ecurity I��strument, appearing in conrt. paying
<br /> reasonable nttomeys' fccs and entcring on th�Property to mnkc rcpairs. Although Lender may take uciion under this parngraph --
<br /> 7.Lcnder docs not[iavc to do so. --
<br /> Any �unuunts disburscd by Lender undcr this paragnph 7 shall bccomc additional dcbt of Borrower secured by thls - --
<br /> Security lnstrumcnt. [Jnless Boreo�vcr and Lender:�gree to otliet tcrms of payment, thrse arnounts shaD bear interest from the �.,:,.,
<br /> date of disburs�ment at thc Note wate and shall be payable, with interest. upon noticc from Lender to Borrower rcquesting ri�;;r
<br /> payment. �;:
<br /> 8.Murt�age Insurance.If L.cnder re�uired mortgage insurance as a condition of making the loan sccurod by this Sxutity ��
<br /> Iustsument, Borrower sMall pay the premiums required to maintnin the mortgage insurance in effcct. If, for nny reason, the ' �=;
<br /> mortgage insurance coverage required by Lender lapses or ccases to b.°, in effect. Borrowcr sha11 pay die premiums reguited to ,� "
<br /> obtain covcmge substan���lly equivalant to thc mort�age insurance previously in cffect,at a cost substantially equivalent to th�e �;Te�.
<br /> cost to Borrower of the ntortgage insurnnce previously in effect, from an alternate mottga�e insurer approved by Lender. If
<br /> substantinlly,equivalent rnort�age insurance oovcrn�e is not available,Horrower shalt pay to l.endcr each mottth a sum equul to �':'�?
<br /> one•t�velfth oF thc y�arly mortgagc insurancc pmnuum being paid by Borro�ver when the insumnce coverage lapsed or ccascd to �.`.`_�:
<br /> be in effect.I.ender will accept,use and retain tliese payments a� a loss rescrve in lieu of rnortgage insurance. Loss reserve sr .
<br /> Porm 3020 9/90 �
<br /> Popo 3 of 0 �
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