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<br /> � 9���1�?5�1
<br /> 5. �i�rd ot� Pn►perty Iurw��r. &»wwer shzlt k�p thc irt�n�•cm��its ikiw• cziuir►g or herestter uecttc� cxi the
<br /> {�hl(1cr1y II1GN���I�lQ7�(Lti1 IOCG tt}t IIfC. �492afL1S pKi4tiClj N°lill�u iiw' i��i1f ��::t�f.t:+�C�1�'�C.ib�r:.S'..1«!:S'Ot�:�� �!�''�,rylg, j�M;�11AiM�
<br /> (liK�ds u�flu.xling. for uiiich Lx�xier reyuims i►uursuxY. Thi� ii�.wr�us��c sh•rll lr nui�uait�! in thc unwutus:uxl f�ir the periala
<br /> tlu� Lx�xle�• iuyuirc�.Thc iawr.ukv�carrier�uo�•ivii�the insur,tnce slull tk chu.kn hy IA�r:ou�r wbject to Lendrr's a}�pra�•nl
<br /> wi�ki� ,tu11 ��.a tk unr.:�:HUbly withh:ld. tf IIu:rt�w•cr t•�ils !o ms�ntaln�rverx�;e ck�rribed ut+a�•e, Lender nwy. �t [.enJcr's
<br /> u�ian.��t+tain an•erage to proteci[.encler's ri�htc in�he Pr��perty in aca�r�4an:c w�ith p:►rign►ph 7.
<br /> All inwr�ukr �f'IIC{£`iitK� Ptii�LL'iIs�F1ZII� �'�.�IC tA I.Gt1dGi Hilt� SEiII Illl'IIKJZ il StiIIMIiPt� filcNtba�C�I:i11.4. L,Clida.r
<br /> ►h:tll tw��e the right to hold the policie�und re.n�u•als. If L.enJer rc,yuires,B.��row��r slwll pramptty gi�c ta Len;::r all nY�eips oF
<br /> }�ici premiunu acui renr.u�::9�wti��ea. In the ev�nt a�loss,Barnswc�cha!!giL�pron�pt nc�t'sce to che ins:�rance carrirr and lcrxkr.
<br /> Ixtxicr nuy nulc pnnf at'ic>ss if not m3de prontptly by Bartov��cr.
<br /> Unless Lcnder and Barrowcr otherw•ise agree in writiqq. insurwticz prc�ccais shall be applicd to etistoration ar m�air af tix
<br /> Propesty d�n�ed,if the restor�tion or repais is econonuc:illy fe�sible��d Lxnder's securiry is cie�t lessened. If the researacian or
<br /> rep:►ir is not econamically fe�ible or I.etwler's uxurity would be lesset�ed, the in�urance prcueecls sQwl)be upplied ta the sums
<br /> secureJ by �iii.r S�.ti:u�i�y ::ict:v:n;.nt. ���hetl�r� rx?t tlu�n due, wich any excess ptid to Banower. if Bo�mw�er abatxlans thc
<br /> Property.or dces nd answer within 30 days a notire from I.�nder that the inwr�.utice carri�r has ofE'ered ta settle a cl�im.then
<br /> Lender m�y coltect the insuratx,�e proceals. L�ender m�y use the pracoais to nepair or restote the Pro�perty or to pay sums
<br /> secumd by this Serurity lnstniment,whether or not then due.Ttu�0-day periud�+►11 beria wt�the noiice is Biven•
<br /> Unle.cs I.ender ard Borrower othc;rwise agree in writing, any applic�tion of praceais to princip:d shall not extend ar
<br /> postp�onc the due date of the tiwnihly payments referc� to in para�r��shs 1 and 2 or changc the am�wnt uf q�e payments. IF
<br /> under puagr.►ph 21 the Pcopeny is xquired by I.enciee.BoROw•er's rigltt ta any ensurance pc�licics ard proceeds resulting frbm
<br /> damage to the Praperty prior to the acquisiaon sdall p�,cs to I.ender to[he extent of the wms socund by this Security Instrumeni
<br /> inuuc�diately prior to the ucquisition.
<br /> 6.Occup�ncy.Preservadon,Ms�tntmance sad P��otectjon oi tt�e PropeRY.Barrow�er'o Loan ApPlicxttc�0.I.e�ubolds.
<br /> Borrower shall occupy.est�hlish.arul use tl�c:Property as Borsower's prin►ipal residence within sixty days after t1�e aecutioa of
<br /> this Securiry Inst�.r;uznt and sl�ll c�ntinue c�occupy the Property as Borrower's principsl res'sdence for at least one year aftrx
<br /> the clate of occup�.a:w. unless Lender ckiterv►ise agttixs in writing, which conseni shall not be urueacotwbly withheld, or uniess
<br /> extenuating circum;tazsces e�y:r, which are beyond Borrow•er's control. Bortower shall not datroy. du�wge or impair the
<br /> , Property. allow th:. Froperty :o desorior.ue, or commit waue on the Property. Borrowcr sl!al! be in defauit if any forf.,itutc
<br /> aetion or procee�'�z��.whether c�vil or criminal,is begun that in L.ender's good faith judgnxau could msult in forfeiture of the
<br /> Property or otAe.ti��i:�materialty impair the 9i�-created by this Security Inswment or l.endu's saurity inierest.Botrower uaay
<br /> cuc�such a default and r�in,uace..as provida�in�aragrap6 18. by causing the xtion or procxding to be dismissed wiih a rulics� ,
<br /> ttr,;az, A�.ixnder's good faith cie:zrminztion. procludes f��fi;:�;:re of the Borrower's intercst in the PropeRy or other nwteri�
<br /> i�airstsent of thc lien creatc+�E�}� this Security InctruTae�E�r Lender's securicy interest. Borrou•er shall also be in default if
<br /> Bortower,duri�,�at�z fvan application proce.�.�.�ave materially false or imccurote informntion or�u�s to lxa�'(or ftilt�
<br /> to provide Lende��i3�eny material info�aaioal in wnnectian with thE toan evidencai by tbe Note.ir�;1�t�.6�3 twt tin'o�'i
<br /> �o,reptesentations concerning Borrower's oceu�y of the Property as a�rincipa!resi�yce.if shis.Se�,ai�r L�ecu is on��a
<br /> leasehold, Borrowu shai3 cae��6? with all the provisionv of the leate. If Borrowu aoquirc.s fee �:t:..° W t��6'�opaty, thc
<br /> � ...:.�.:;,l�.�lM::�lh.:.:.:.t�:le:.���Y�K.�sg.�nlrcc i.iwir{Ao�wc to the mer¢er in v�ritina. . _ --
<br /> 7.Pmttctba of Leader*s iEigbts tn t7�e Pwprxiy. I�'Borruwee fiUIS i0 jY2i'�QRTI th2 COYCit3N5 iw�it$i<;:.RiCiliS OOi3L't2i1�21f
<br /> this Security IrsTnxrnent. or there is a IegaI �neeeding th3t may significa:scly nffect Lender's rights iw ihe Property(such u a
<br /> pmoeeding in banicruptcy. prabate. for con�:�-rs�ion a* :cxfeiture or co ec�fome laws or regulations),then I.e�er may do at�
<br /> paX far whaiever is neoessa�y to protect the�•s�:::�,o€tri�: Fe�perty �sd i.ender's rigiu� in the Property. Lender's acttoas enay
<br /> in�,�wdie paying any sums secured by � lien which '.�.c peiority over this Seearit� Lcr�truroeni, aPIx�AS ia oourt. WY+nB
<br /> rea�habie attorneys'fas and enuring on tl�e Ptuperty to malce reQain.�ithough L,e,nder mzy t�ke action under this pazaYrspi=
<br /> ?.Leadet dces txa��S►ve to do so.
<br /> Any ariaun:s disbursed by Lender ut�r this paragtaph 7 st�all beeome addition�! debt e�'�orrowtr sceurod by th'ss
<br /> Sr,,surity Instnur�ent.Udess Borrower and Lender agm to oilxr terma of p�ynxnt, t:�se�^+��N� studt bear interest from the
<br /> daiC of disbutsenoent at the Note rate and shall be pzyable. with intaest. upou na�oc.'Y fman Leader w Borrowu roqt�ati�
<br /> PaYment•
<br /> g,Mottgage Iasurasia.If Lender rc��.rirzd mortgage iruarance as a condition of making tbe tc+u►secured by tl�is Securiry
<br /> L�yment. Borrow�r shall pay the premi�.,�-sc required w nzaintain the mortgage iasuranee in eFfatt. If. for any reason, the
<br /> uu,�age iasuraiw�coverage required by Lender lapscs��r ceascs eo be in effoct,B�ramiwer slsall pay the pn,�niuras requirod to
<br /> ci}r.�in,ooverage substantially equivalent to tt►e mortg�e dnsurance previously in ef��, at a cost wbstyuially eqr;r.ti�lent to the
<br /> oost to Borrowu of the mortgage insurance previously in effoct. from ar��Iternaze mortgage insunr approved 4�1°L.�x.er. If
<br /> substantially aq�v�lent mortgage inwrance coverage is not xvailable.Fsa:ow�er shall pay to l.ender each month a sa.:.o��ca
<br /> ane-twdfth of tbe yearly mortgaBe iasurance premium being paid by F,c�+owa when the insurana covccage lapsed or ozase�c,cn
<br /> (ye En effxt. 1,.ender will 3cocpt.use and reisin diese payments as a loss res:rve in Iieu of mortgage insurana. Loss seserve
<br /> • Foe�3025 8/80
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