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<br /> �. �ls�!� flr �'4w,►�tr lw�++�w.w. ►+»u•mw.rr �F►all l.�•n lhe itt�}uv��e�t�'i�ls �ww• exiali�y; ur hrrwfter erctitni �,n thc
<br /> Pr<�cn} inwr�Yl:�uinal 1�+.�b) tir�,IverrJ� iikluJ�d within the t.nn "�titc��.kni cr►�•rr�g." :uui wi}•other hxr;►nis, i�xludi�ig
<br /> fl�xxl.�,r Aikxling, ti�r wh��h Len�ler rec{uirc.in.ur�nce. Thic i�wraix�.hall tx nuintui��l i���he unxwnt�a�xl ti�r the periud.r
<br /> that[.�:�xkr r�x{ui��-s. 'Ttw uwu,ua:.carricr pru�iali��the iiuurmke�lwtll kx�twka h� &�rruwcr wbje��t tu l.eixler'c •r�ra�•�l
<br /> w�iiich Jiall ikK t+t ui�rc.►..+�uhiy w ithh�IJ. {i'U.�:r.�µ�r f,u{c tc� n�inwin �u�•cr.y;:�kuribc�! aM��e, l.etkte� :tu)�, ut Ex�xier's
<br /> option.cdxain ro��cragc w pn�t�tit E..c�wk r's riglur i;��IK Pn�xrty in wti��rJ;u�e w•i�h p:��,�;�aph 7. _:
<br /> All i�ti�ur,u►►c �x�licic4 �xl reixu�Ia�h:�ll lr: ;u;ec��uble t�. l.crnkr und �lull iiklwle� +t:uxlu.l irN►Al;�c ctausc. I.c�xter
<br /> ti!►:�II t►r�•e ttk right to Iw1A thc paficies u�ul rcin:wals. if L.e�xicr reyuirr�,Eiorruw�r sh:tll pn�titptly�;i��e�u lxrxi:r aJl n.cipt.oP
<br /> �aid prcmium�mw r�nex�al ex�ti�rs.In[hc r��ent��f to�c. Borruw•er slWl ri�•e Fran�t rxKice to the in`uraixe carrier a�xl Lrixter.
<br /> I.etuler n�y�mzl,c pnxef of t:us if tx�t nucie pmmptly�y Bexrow•er.
<br /> [lnle�.c l.ender ancl Borraw•er wherwise agree in writing,inwr��x,r pruceods sh,►11 be applial tu rcu�u:atieu�ar npair uf the
<br /> Prupei�ty du��ed,if tlw restor.u:on or m�u►ir is ecvuu�mic:illy fe:uiblo anJ Lcncler'�secuPity is iuu Ie�.cen��d. If the reuoratio�or
<br /> r�pair is�xai c�ax�mirally feasible or lw:ndcr's rccurity w•ould bc Icsscnal.thc insur,►nce proceais shall be applicJ to the wnu
<br /> seti.un•ci by thi� Security Icusniment,w•hether or rwt ihen due, u•ith any exce.cs paid to liorrou�er. ii'&�rrc►w�cr ub:ukiu�u ths
<br /> P�•operty. or�k�es n�u answer wiil»n 30�iays a natiee fc�wn Letuier thut du in.wrance c�rrier tus affered to settle a claim. then
<br /> l.erider may collect thc in�:urrnce proceed.ti. Lender may use the pmceedc to repair or restore the Propercy ar to pay sunts
<br /> secured by Q�i��ecurity Inctrununt,w•hether or nat d�en due.The 30-day period will begin w•hen thc nolice is gi�•en.
<br /> Unlass Le�xier and Sorrower otherwi�e agree in writing. any application of procceais to princip•rl shall �wi extend or
<br /> pastpone d�e due date oi the nwathly payments referre�l to in paragraphs I :uid 2 or change the anwunt of the pay►nents. If
<br /> under paragraph 21 the Pro�eny is acquired by l.ender, Barrower's right to an�� inwr�ance policies and procecds resulting from
<br /> dan�ge to the Propeity prior to the acquisition st►�q p,us to l.ender to the extent of tt►e swns securcxi by this Securiry iustnunent
<br /> intmediately prior to theuc�uisition.
<br /> 6.Occuptwcy� P�servatiou. l�tsinienaace and Protectton oi the�operty;Bo�TOw�er's Lotw A{�licatlon;Les�se�oicic.
<br /> Ba�YOUer s1�11 occuFy,atablish, aixl use the Property as Bonowee's principal residence within sixty days after the execution of
<br /> this Sectitcicy I�utrument azul shali c:auinue to occupy the Propedy as Rorrower's prirtcipal residence for at le�ct one year after
<br /> the daie of occupancy.unless Lender otturwise agrees in writing, which consent st►�ll txu be unreasanably witht�eld.or unless
<br /> extenuating circumsta.�ces ezist which are beyond Borrower's control. Borcower sl�all exu destroy, damage or impair the
<br /> Property, altow the Property to deteriorate, or comnut waste on the Property. Borrower shail be in default if any forfeiture
<br /> xtion or proceoding, Khether civil or criminal.is t+egun that in Lender's good faith judgment could resuit iu forfeiture of the
<br /> Property ot otherwise naterially imp�ir the litn created by this Security Instrument or I.ender's security inurest. Borrower may
<br /> cure such�default azrf reinstate,as providad in pardgraQh 18,by causing the action or proceeiiing to be dismissed w'r,th�t ruling
<br /> tltat, i� Lender's gvc�faith deternvnation, precludes f�tfeiturc of tho Borrou•er's interest in the Propeaty or atLer m�terial
<br /> im�vrmeat of tha[-:�rc1 c�eatod by this Seeuriry Instwnent ^r Lender's seeurity interat. Borrower st�alf �tso be in default if
<br /> Borrowga..�uring tt:e Ioz�application prooess,gave materi•rtip �at5e or ina�ccurste infom�ation ar statemenu tv Ler�dec��cu failal
<br /> to provide L.ender wit1�any material information)in wru�eceia�wEr�chc loan evidenced by tP�c Note, including.but arat Lir.Bitod
<br /> to.rtprasuuations eorxYming Borrower's accupancy of the Pnr�+exsy as�principal residenve.Tf this Socuriry Inswmect�s on a
<br /> leasetald. 8orrower stup comply with all the pcvvis"sons of the Iease. if Borrower acquir�s fee title tm Lhe Property. the
<br /> kase}u�W�nd the fee 6t1c si�all not merge uNess Lencter 3grees to Uu metger in writing. ��
<br /> 7.Protectioa of I,eoder'�Rightr ia the Property.if Bomower fails to perform the co�enanu and agreements oozuained ia
<br /> this Socurity Irutrumecu,or there is a legal praceeding t}�at may significatuly affect Lc�xler's rights in the Propecty (such as a
<br /> proce�ding in batilcruptcy. prohate, for wndemnation or forfeiture or to enforce laws or regulations),then Lender may do a�td
<br /> pay for whatevu is nectssary w pmtoct the value of the Property uxi Lender's rights in the Property. Lender's actions may
<br /> includ� paying any sums secured by a lien which has prioriry over this Sc,..�urity Insttument. appearing in ca�rt. paying
<br /> neasouable auomeys' fas and entering oa the Pcoperry to mafce repaire.Althou�Lead�r may takt action under this paragrnph
<br /> ?.Irsdierdsaes not havea do so.
<br /> �r: �*���« dis6ursed by I.ender under this paragr� 1 shull bxome addition� d�,'ht of Borrower secured &� this
<br /> .. Se�vrity Inswment. Unless Botrowu and Lender agree to w.'ur temu of payment,these amounts st�1l bqr interest from the
<br /> due of disbursement at the Nott nte aud st�all h¢+�yable. with iaterest. upon notice from Lxtw3er Ca 6�xrower raluestin�
<br /> IPaY�.
<br /> 8.Mortg�ge I�wuu�oe.If L.ender required mortgage insurazke as�condition of mak;�cr3 the loan sxcuraf by this Security
<br /> Instr�ment. Borrower shall pay the premiums required to mtintain the mortgage inwr��e an effect. If. for any reason. the
<br /> mortgage insurance��us�aage required by l.ender lapses or ceases to be in effax.Borrower s&sF�pay tl�ee premiums requinai eo
<br /> obt�in ooverage suix�tu�tislly equivalmc w the mortgage insuruwe prcviauly in effect,at a saose subst��ally equivalent to the
<br /> cost to Borrower of c�e mortgage insurance prtviously in effect, from an alter�ate mortg�:insurer approvea by L,ender. If
<br /> subssantraliy equivaluu mongage iawrance coverage is not av:ri[ab1e,Borrower stnll pay W II.ender exh month a suin equa!to
<br /> ane-twe{Lii�uf the yeuly mortgage ia�urrr�ce premium being p�isf Gy Barcower when the iresurance coverage Inpsed or c�-sed to
<br /> be iu effe�.I.es�ler will occ�ept,use wd maia t3��ese payments� a loss reservc in lieu of uwrtgage inwrance. Loss reserve
<br /> Farm 3o2e 9I90
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