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<br /> 5� fiAZnrc! nr l°r���r,i�ty Antiur�i�e. 13orr�wex sicill keep ll�e i�i�prut�enteti[; ��uw.,c:xi�iing ur Iier�aRc�• ,�r;:.�,:�i �•n A}�L'
<br /> --.°�- Pr<�p,�iy iu�,��i,:c�z��aiu�:t Ip:s l+y in�c. fl.ia:�rds h�•lu�lc��:�itl►in aho tcru► °CXit'11tIt:tl COVCY:ti^,C'r.�xl t+ny nthec he�ardx:irk:luding
<br /> _ -... `vs"; �lcrnals«r R�xxfli�g. �llP whi�h i..crdcr reqirires iu,uiu�+ce. 'I'l��e,i�i�B�d��.v,�i�::l:�%«I'tIA3A::{1::'�j1!P�!"•��q'nf��nq nu.: C,:�•1)i�•iti-�!.�lil'� _. _ _
<br /> — tl�at Ixndcr rcyuircv. 'Che iu�uranr.c carrler pr�widing tt�c intiuraik�nhall iw rhuu��by Bc�rrower huhJ�xt tii I.eiwltr'�u�rrn�ri , .
<br /> - wht�li t;l►�l1 n��s 1�:i+�i�'c:��;+m�ibly tivith*ield. !t' kinrrmvr,r G�fls t« u�:��ut;eiu cuecr'.ier.cicscr�bnl;tt�nvr.. I.eudcr t►u+y, at 1„rtuirr's. .,
<br /> �� optian. e�htuin snverr{�e tu�rntcct Lcndcr';:a'Igl�r�lu tho f'ru{xrty in ucc����dan.�c with parugraph 7. „ .
<br /> — Ai1 in;!�r�t�►cc�c+�licics i+nd renv��';ds��sl�;►l!Irc i14tiiJ1�itltll'Il� I�il(ICI'i���d :�liail inrhide u stieixlartl mi�rl�.+g� clnuaa. 3.c�xlrr • _
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<br /> Fhatl have U�u�ri6i»(��I►��kl tlic�xdicic:_+nnd icncwal:;, If N.cndcr ��cq�iirc�,[k�nnwcr yl�all pr+�rn��tly tit4c to F.��utrr all r�:��cipt.r'tsf
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<br /> E�aid prcn�lunis u�xl rcncwai ►to�icev.In dte c�•cnt uf lu�s.perc�nw:r sji���f glv;;��rceus�:!S.ttliCC Su(13e fi�5t!►�t�ncr rarri��r ui�l rt rr. � , __
<br /> l,cndcr m:�y makc pr�inf oi'losv if aot mudc pramptly by T�irrow�cr.
<br /> � ►7nlcs�[.c�x1�r nnd 6orr��vcr othcrwisc agrcc in v�riting,insur;►nsc prcx:cc�is shal!be appliul to restor�tfo��ur rcpair oT t�
<br /> — !>n�pecty��inaged,if tDe restoratian��r rc�air is ccannmically feasible and L.endGr'A�ecm•ity is szot Icssenr�l,.If tha re�tartttion ar
<br /> rep.iir es not ccnnotnicnlly fcasiblc ur f.endcr's sccurity�vould bo Icsscnal,thc insuran.e procc,eds sliall bc a�pficd t�she sums
<br /> _ securosl by �his Sec�uity Inst►urnent, �whether or not then da�:, aith any excess paid to Sormwer. If Borrower aha�xlaus the _
<br /> _- Prc�xny,nr dues not unswEr within 3Q days a notice fram Lender thzt the insuvance carrier lias off�red to seuie a cluim, ti►erf
<br /> — -- [.ender may colicct the insur.�nce Qraceccis. I.endee may use the procoeds to rcpair ar res[ore the �mpe�iy ur.►c, �.u;� su���s
<br /> secureci by this�ecurity Instrument,wi�ether or not then due.The 3A�dny periud wi11 beziu vrhen the notice is given.
<br />__.,._o �.� Untcss Lcndcr and Borrowcr othcrwise unrcc in writin�, any appli�ation of procc.�.da to principal shall not extc�xl ar _.
<br /> ��_�-�y�_� noscpone cha due date oi the monthty paymems referred to iu paragmpi�s 1 Gfil� z 6T CF1311�C tl�e nmount of the paymcn�s. If �-_
<br />-=-- -=-- under paragraph 21 tae Pmperty is nr.quired by i�nder,nvizo::er�S fight tn AfS,!I!tCtt�?Rf?�1�!niaa o,!!;�4;�;,.cV„=«,;,;siu;��•,:�;..
<br /> � daniage to thc Property prior to the a�c�uisition shall pass to Lender to thc extent of the sums sesurai by il�is Sccurity Instrumcnt —
<br /> ' immediutcly prior tn che ncquisition.
<br /> -��"-"� 6. Occupancy,Presci�vuYton,lVlcnintcuance und A'rotectioa�of Nie I'roperty;Borrower's Loa�n Appl3cation;�.easeholds.
<br /> --��- Borrower shnll occupy,establish,and use the Property as Rorrower's pcincip�l ec:sidence withiit sixty days aRer dic cxYcutinn of
<br /> - - this Security Instru►nent and shall continue to occupy the Property as Bnnower's principal res;dence for at least one year af'ter �
<br /> -- :- .:�:.,.. ..Ii�n{1 Naf1CP�1f CItqII nnt�hr.nnrc�em�ablg�>>ith}teld.Ot'uRlesS
<br /> tia Y��!ed :�u�.uu�v i��__ .« ..�•• • _ .
<br /> - ,..,�,..uyu,�cy.uniess i.eniicr vii�cn.,�c a��.r.�:•. .- ...,, . -
<br /> ---� � extenuatiug circumstances exist �vhich are be�ond Bono�ver's contrui. Korrower si�aii noi dc�iivy, :ic,���a�s �r im�ir .F:e
<br /> --_-__--= Proper2y, allow the Propesty to deteriorate, or commit waste on the Property. Borrower shal!be in default if any forteiture .
<br /> -="�'°-��'-"-=q aciion or proceeding, wl►ether civil or crinunal. is begun that in Lcnder's good faide judgment could result in forfeiture of the . _
<br />-��"'`� =:`�"-� Prope►Ky or othcnvi�e nuiterittlly impair the lien created by this Security Instrument or Lender's security interest.Bonower may
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<br /> -�°-;�:� cure s�:ch a defc�ult and reinstate,�s provided in paragraph 18, by causing the uction or proceeding to be dismissed�vith a ruling
<br /> - � - - --- that, in I,ender's good faith deternunadon, pr�cludes forfeiture of the Honower's iaterest in the Property or other material _
<br /> ��`��— impairment of the lien creatcd by this Security Instrument or Lendcr•'s security interest. Burrower shall also trr, in default if __.
<br />��r;'?� -` Honowcr,dureng the loan application process,gave materially fnlse or inacc:ar�ete information or st:.t�ments to Lender(or fa11�1 _��
<br /> ''�' to providc I.ender with any materi�i information)in coiueection with the loun eHidenced by the Note, inc�udins,but not limited
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<br />�,''"�`' to.reDresentattons conceming Barro�vcr's occupancy of the Property as a principal residence.If this Srcurity Instrument is on a
<br /> '.��,r:i. .�� • �ifJi'i
<br />.."=.,; '• leasehotd, Horrower shzll comply with alt die provisions of the lease. If Bonower ntquires fee title to the Property, the _ _
<br />�-- `�� leasehold and the fee title shull not merge unlcss Lender agrecs ro tlie merger in writing. "_
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<br />_i;n;,�,�y y.`_,,,. 7,Pra4ectton of Lendcr's Rights in the Property.If Borrowcr Fails to perforn�the covenants and agrcemcnts contained in �
<br /> 1 >�j`��',. �this Security Instrument, or there is a legal procceding that may signifcantly affect Lender's rights in the Properry (such as a t.: ?
<br /> '`" proceeding in bankruptcy, probu!e, for condemnation or forfeiturc or to enforce laws o�regulations), then Lcndcr may do and
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<br />�_"=��';_�+� pay for whatever is neccssnry to protect the value of the Property nnd[.snder's rights in die Property. Lendcr's actions may _��k-
<br /> - �� � .`i�=ti indude paying uny sums secured by a lien which has prioriry over this Security Instrument, appearing in court, paying s'�:-�
<br /> ��_-,
<br />;�;:�rj:�'1,.�� �- rcaso�uble utwmeys' fces snd entering on the Property to make repairs.Alchough L.ender may �ake action under this paragr�ph *
<br />_-��''����i� '� 7, I.ender docs not havc to do so.
<br /> _'-;�;�•;,:�.. , .,,�
<br /> �=`%•r��` " An lmounts disbursed by Len�er under this paragraph 7 shall become addit+unal debt of Bonower sec:ured by this
<br />_° ;,�,:.>.. �:'' Y ` ..
<br /> ``"`�"•�• '� � Security fnstrument. Unless Borrowcr attd Lender agree to other terms of payment, these antounts shall bear interest from tl►e
<br /> �
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<br />,_x.�,�.�,� ;i::, , date of disbursement at thc Note rate and sliall be payable. with interest, upon notice from Lcndcr to Bonower requcsting "
<br /> ,,`r�;��i,:-_ .� Payment.
<br /> : .,.� s " �i.Moi4guge insurunce.I4'l.ender requircd mortgage insurance��s a con dition u f m a kin�the loan secuced by this Security
<br /> � �...::0.:,-
<br /> -� `,:.;,..,,__.��. Instrument, Borrower shall pay the pre�niums required to maintain the mortg:►ge insurance in effect. if, for any reason, the
<br />":3ari;;,�;,,� " mon�age insuranee coverage requirecl by Lender lapses or ceases to be in effect, Borrower shall pay the premiums reyuired to
<br /> "'�,''r.. ::,::,::3� obtain wverage substantially equivalent tu the mortgagc insurance previously in effect.at a cost substuntially equivalent to the
<br />, r:, :`..�. . ° cost to Dorrowcr of the mortgage insurancc prcvioasly in effect. from an altematc mortgage insurer approved by Lendcr. If
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<br /> _'� :•� � • substantially equivalent mortgage insur,+nce covcragc is not available, 8orro�ver sliall pay to Lender each month a sum cqual to
<br /> �.��::�`�`_.: � one-twclRh of the yearly mortgagc insurance prcmium bein;Qaid by Borro�vcr whcn thc insurance covera�c lapsed or ceased to
<br /> be in effect.Lender will accept,use and retain tliese p:►yments as a lo5s reserve in lieu of mortgase insur►nce. Wss reserve ,
<br /> .. " . _ Form 3026 9/90 �
<br /> � -�• Papo 3 ot 0
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