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<br /> 9C���133� �`n.-
<br /> �-��';
<br /> • 5. �amrd or�ru�erty Insmanse• �orrower shall keep th� improvements now existing or hereafter erected on Ihs --
<br /> Pru
<br /> � piopercy insured against loss by fire, hazards incl�ded�vithin the temi "extemied coverage" and �ny other ha�ards. includin�
<br /> ttaods or flaaciing.for�vhicfi Leuder requires instuance. 11ris insurance shall be maintained in the a.mounts and for the periods �t_`_`
<br /> =��.�`,� the2 t,ender requires.'[i�e insuisnce�urier PF°y�°a�� �'�nce shall be chosen by Borrower subject to Lertder's approva! �,
<br /> Gun
<br /> �' w;;lc�shall nat be unreas�nably withheld. If BerronYr fails to maintain covera¢e described above. Lender may.at l.enQer's iF-'''`'
<br /> opiion.od�tain coeerage to prutect Lender's reghts in the Feoperty in aqoordanse�vitfi parugraph 1. ��_z<:
<br /> All insurance policies and rene�vals shail be acceptabie to Lender:uld shall include a standard mortgage clause. Lende� _"
<br /> � � shall have the ri�ht[o hotd the policEes and renewats.If I.Ender requires.Borrovrer shali promptly pVe ta LendQr all receipis of �;�
<br /> paid premiums and renetval notices.In the event of tuss,�oao�cer shail give pr�xnpt Rotice to the insurance currier and Lender. �!
<br />�' Lender may malce proof of loss if rrot made prompily by BoRawer. �_
<br /> � �--:.-
<br /> -_ _ unless p,�en�Qr nn�gorro�r¢r�ihenvise agree in writing.insu�ance proceeds shall be applied to restorarian or repair af Qtc �_,
<br /> pr,operty damaged.if t6e resioraiion or rrpair is economicAlty feasible and Lender's serurity is not lessected.lf the restoratian oz �A-�.
<br /> ��'� re�ait is aot econumically feasible ar l.srtder s scrurity would be lessened,tfie irtsurance procceds shal! be applied to the sums ��_
<br /> st�sured by this Security Instrument, wheth�r or not then due, with any excess paid to Borrotiver. If Borrowes aba�don�th� �r
<br /> pmperty.or does not ans:r•er within 30 days a r.oii�ce from L.eader that the insurauce carrier has affered to setde a claim. then �4�:'_
<br />. 1lender may collert the insurance ptoaseds. Lend�r ma3; usa the procceds to repair or restore the Propesty or to pay sums =_-_-
<br /> . sesured by this Secvrity Instrumen�whether or noY then due.'ijte 3Q-day period will begin�vhen the aotice is given. _ __
<br /> Unless Lender and Borrower athenvise agree in writing. any ap�licxt�on of pruceeds cv princip�l shaU aot eatered os ���---
<br /> , ` posq�one the dae da[e of the montlily psym.nts r+efermd to in paragrap9�s 1 and 2 or charege the�nnt of th�payments.If ____
<br /> : �r w�der paragraph 21 the Pruperty is acquired by Lende�. Botro�ver's right to any in4u.*�.'e pc���s and pmoee�s resulting from
<br /> >.. damage to the Property Prioa to the asquisition shall pass to Lender ta the extent of thz s�s�a:-*ad bY t6is 5ecuriry instrunxnt �;:;<.-,
<br /> immediately prior to ttse acquisition. —
<br /> �---
<br /> 6.Oocnp�ney,Peeservatinn,Mainteaaace and Protectton of th$Psoperty,Barrowds k�n Apptlattion;Y.easegalds. �`,._:
<br /> .; ;
<br />: a� Borrower shall or�upy.establish,and ase d:e Pn�perty as Borrower's�:ipal residense within��days efter the exenction�f• -
<br /> this Securiry Instrumeni and shall wntinue to occup}tha Property as�nsrower's p:i�ipal resi�for a:!:�sY one year afte•r
<br /> • �,
<br /> .`�•�: t�c►ate of ocxapancy.unl�s Q.e►►der otherwise agrazs ia miting, �tii�ich ooasent�`�a not be aareasn:a�h�cv i�i�t i d.o r n l il e s s
<br /> ocx
<br /> `..: extenuating circwnstas�ces exnsa vrhich are beyond Bar�vv�er's rnnt=ol. Barro�v-�r s�il no3 d�suay. � or impair the —
<br />";�'�-;:: Property.allow the Property to dderio�zse, or cammit waste on t4�e�roperty. Eurmuer shaL T�in default if any forFeiture I�
<br /> =c��>•� ac�ion or proceeding,whetl�s sivil or crir�inal,is begun that in Les�er's good fsii�b j�s��t in forfeiture of th� f`�
<br /> -- pcaperty or oit�erwise mate�aa?ly impair the lien created by this 5ec�uity Instrumeaz cT�s se::uity i�erest.Bomnwer ma�l y.�
<br /> . ' cure such a dsfault and reig.-��.,as�rovided in paragiaph 18,by cansing the ac��ar.�mo�g to be dismissed witb a ruling �,_.
<br /> .� `� that, in Lender's good faith:determinarion, preclades�forfeiture of the Borratiz-�r'�;cnterest in at4�Pcopeny or othez material
<br /> impair�nent of the (ien created by this Securiry Ia�suument or Lendec's.security interest.Barr��*es shaU aiso be in default if :
<br /> •� Borrower,during the loan app�ication prooess,gave mat�rially fal�e or�snr�ccur4te information u�•st�:�ments t�1.�'nGer(ar fail�
<br /> . to pravaie Lender with any material inforcnadon) in connectIon with�tbe loas4 e�.:cia�c�d by the Note,iacledin�,but not Iimited �'"`"`
<br /> , tp,representations eoneeming Borrower's cucupaacy of the Properry as a prir.c�sj1 x�sidence.if Wis Se����stnuneat is on a
<br /> 1�old. Borrower shall oornpiy with a11 the provisenas of the lease. If �c�rn�.s�r acquires fee tiele ta �he Properry,tlae
<br /> teaseho2d and the fee title shall not me�e untess L.Ender agrees to the merger in wz�itl�. ,
<br /> �� 7.Protectfom of�.ender's RI�!►ts tn the Peoperty.If Borrower fails to perfor��the coz�e�f:�d agrt���tats contained in . `f
<br /> chis Securiry Iastrun�ent,ar Were is a legsil proce.eding that may significandy affe+���.er�der's:n��;s in QiQ�zaperty(sueh as a �_�:.
<br /> pro�cding in bunloruptcy.probate.for coademaation or foTfeiwre or to enforc¢:ru���or re�ulatioas), then t�der mag do aad ���_"
<br /> �� pay for vfiatever is necessary to protect the value of the Property+and Leu�'� ��zq"�ts in th��t+OPeny L¢r���T�s ttcdons may �
<br />.• anclude paying any sums sewred by a lien wl�ich has priority at�,�.�this 5�,uicp Instmment, appear+ng in wurt. PaY�b
<br /> reasonable attomeya'fees and entering on t6e Property to make�.A�thuugh Lender may�action under this paragraph
<br /> 7.LeAder does not have to do sa. �' _-
<br /> . � . Any auwunts disbursed by I.ender �nder Nis p�agraph 7 shal! beco��i�ilitional d�kt af Borra�v��secured bY tl�is _ -
<br /> . � �S�ecurity Tnstmment. Unless Borrower and Lender ago�to other terms of�a y i r ti�r ti:°these annoums shalt bear interess from ttse �
<br />.:;:v. ,, , ' date o.f disbursement at the Note rute and shall Ite payabls,with interest, upon�rr�tiCe fr6m•".erwer W�orrower requattssg r'=°
<br /> ?��'��`• �: PaYme�tt•
<br /> ', 8.11ios4g�ge Insnrpnce.pf Lender required mortgage insurence as a condition of raatan�zl�.°loaa secured by this Securiry
<br /> � • lnstrumem. Borrower shall pay the premiums requirerl to maintaln the mortga�±^'�:�arancz in effeci. If,for arry rcason,¢he
<br /> . • mortgage insuraace coverage required by Lender inpses or ccases to be in effe�,�v;'�ower.shall pay the premiums required to
<br /> obtain coverage substantialty equivalent to the monga�e insu�nce prev�ously ir���!:�.,at a cAut su6stanually equivatent to the —
<br /> cost to Borrower of the mortgage insurance previousty ia effect. fr�am an slterr�t�mort�,rn:�asuter apptoved by I.ender. 1P �-.;
<br /> substandally equivalent mortgage insurartce coverage is r.ac e:ailr,7c�A�.Bonawer�l pay to Lender each month a stmt eQuai to �
<br /> •; on�twelfth of the yesr3y:�nortgago insuraace preYniucs�P�f��8orrower u:?,�r the insuta�ce coverage lapsed or oeased to
<br /> � "' be in effect.Lcm.dEr wil3.nccept.use and retaln these ptc�uutnts as a toss msecr'e�n li� of mortgage insu.�ce. Loss res�rve �-�
<br /> . fonn 302g 0/80
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