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<br /> §. �d�ett c+��a�:rty Iasnrc�se. Sorrotiver sf�afl tsePp ehe imDmve�znta Roev existing or hemaRcr erec2ed on thu
<br /> � • Froge�ty instared�niQSt loss by fi�.har.�nc4s i�sludeA wishin the term "extendsd mvcregc°und stny other hazards. includinB
<br /> flaods or tloa�ia�.�ar�vhich Landee requines insurance.74�is insurance shali be maintained in the amaunts und for tr'�c;period� -
<br />� that ieader►�uim.�.Thz insurance Gurier pmviding the insumr.ce shail b�chos�n by Borrov�er su�jec3 to Lc�der's approval �"
<br /> whicn shfili Ao�'�:unr�sonably withh�ld. If Bomawer fails to maintnin wverage de�cribed above. I..eader may. at Lendcr's _
<br /> .. -- option.obts�in aa•rs�ra$e w protect�.eudu's rights in th.e Froprrty ia ascordanc�wili�parn$rapl►7.
<br /> ` All i�.,cu�nos Fa�iaes ead re�earaLs shail be acceptabte to i.ertdee unA shall include a standard r�iortgage clnus�. l.euder E
<br /> shatl kave t�o¢i3hi:¢o hold the policies and renewals.If LenQer requires.Sormwer shall promptly gir-c to�nder al!atioeiyta of
<br />�:� ptud premiutnF and ce�ewal no3ioes.In the event of loss.Borrower shall give prompt nAtice to the iasurance catrier and Lee�ier. v
<br /> - - I.eudBr may mek�p�a€of toss if aot made pmmptIy Dy Bomower. =
<br /> , ' Untess L.aadat aed Borrower otherwise agree in writing,insurance proceeds shall be ripplied to restotation or repair of the °
<br /> Prop�ty drimpgotl,.i�t8e restorauon or repair is ecoaomicaliy feas�bte and Lender's sesurity is noi lesse�ed.If the r�atflratIon or
<br /> repuir is not eoor�nmicaZiy feasible or Leuder's�ecarity ivculd De lessened.the insurance proc�eds sha116e apptied to the sums
<br /> .• se�d hy 4hi�•Stm��ri.�.y Instrament, wi�ether or not then due.with any excess paid to Bortowet. If Borcovrer abandons the °
<br /> . Pmp�ty.or does•�at a�swer widiin 30 days a notice from Lsnder that tAe insnraace carrier Gas offered tn settle a claim, theu
<br /> ' . Lmdsr asay onllt�xt2 th.s insurance proceeds. Leader may use the praceeQs to repair or restore the Pra�erty ur to pay s�s
<br /> s�d bj tnia S+�parity Ins-�vrnent,wflet�aer nr IIot t➢cea due_�e 3dday period wil!begin when�aotice is given.
<br /> ` Unless�i�ar ar.d Borrower otfcerwise agree in writinS, �Y aPPUcation of proceeds co p:�r.dpai shall.not eRO�d oz
<br /> t�az�qsatre t,�a�dds date o€the monthlY I�SJ�-"nis refe�xed w in para�ap4�s 1 and 2 or change c�e amnunt of the payccenis. Yf e
<br /> undsr para�rapv21 ttiee P►ro�ty is ao�=.._._-�i�y Lender,�omower's right to any insurance policies asui prx�ls nsnf*_�ng fm�. -
<br /> dri�nge to thp Pt�aP�Y F�t€a r�a�.:���shalt�s�Ixader to the extent of the suazs s�curad by thia S�ityr Lpsuu�eat v-
<br /> •,'"'`` ...zixF�tljr�SE€ec 5m t��ro�asi�c h
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<br /> '�}'�j:'nM :..l��'�cr,�.'��"..i'J�-U�C2 k'.d��'�1'klit�![I GL��.gCO���OST�D���S II!(�u.9 AUjL��DIi���.+D�'�.Sa -
<br /> bsff�t F, r."- fi,'� ' " ° .
<br /> ��,� '�,.�,y � 'i�,�ut��s�E�s.;p�,�'.�=�.�aa it�?��r-.''�.�=5�as���m's�amctpal reside,nce wi� '��ay's a:°�tl:e ex�r�8�af
<br /> �,,�1�Yti:f, t���s't�urity Insuume.;f r;�r.d�=�1 cz���n�tc;�.�.,,,cy;�.h�Fra�er.3+as Borrower's grineipai r�i.��tce:x�'s?east c�e year a�.�.�s _
<br /> ,�,�,;,...�. _
<br />�.>:z<'.!' ;i�aate of oocapanay,¢�f���er ti�m.heru^se.�,r�s��ir�ritIng,which wnsent shaf!not�e:.,,-��sonab;3�wittG:elct,nr uz:� -
<br /> : �-.,. .
<br /> � ,;`�.. �x'„�mia6ng cira�ms�ances exist a-�i�r .��c.e�rc.�:� B��wer's control. Borrawer shall not cl�:st�ny, darnagr�ai�ais�P
<br /> � � �pzrty,allow the Pcaper.y to deterior��t:e, or�c�ct waste on the Property. Borrower shall ba in de��t;if auy f�zizare
<br /> �� � ;�on or prpc�reding,wLether civil or criminal.is be�n that in Lender's gaod faith judgment ooutd resvtt ia�f�rfeimre of the
<br /> k�uperty or othersviss materially impair the lien created by this Secudry Instrun�ent or Lender's security interest.Borrower may
<br /> � cWS�such a defauit and ceinstate,as provided in paragtaph 18,by causing the aciio�t or prueeeding ta he dismissed�rit�a ruling
<br /> . , WAt, in Lender's gaod faith detemanation, precIudes forfeiture of the Bonower's iaterest In the Praperty or ot�er materia!
<br /> impairment of•ihe lien aeated by this 3ecurity Insmrment or Lendet's securlty interest. Borrower sh�ll �lso be in defautt if
<br /> . � Burrower.during the loan application process;gave materiapy f�lse or inaccurate infomsadan or statement�to I.ender(m failed ,
<br /> tro provide I.ender tvith any material information)in wnnectton with the laan evidenced by the Note.includin�,but aot Gmited
<br /> cm;�representexions wnceming Sorcower's occupancy of the Property es a principal residcncc.If this Securiry Instrument is on a
<br /> trinsefintd. �orrower shall compty with uU the provisions of the lease. If Borrawer ecyuires feE tide to the Froperty. the _,
<br /> PBasehotd and the fee tit�e shal!not merge unless I.ender agrces to the metger in writing.
<br /> ^.PraYoctton of Lender's RlgUts fn thr prop2rty.Tf Borrower fails to perform the covenants and agreements contained in
<br /> tAte Security Instnunent.or there is a lega!proceeding that may significantly affect l.ender's righis in the Property(such as a
<br /> proceeding in banYruptcy.probate.for wndemnation or forfeiture or to enforce taws or regulations),thea I.ender may da azd
<br /> ppy fai whatever is aecessary to protect the vaiue of t6e Property and Lender's rights in the Property. I.ender's actionn may
<br /> encludo paying any sums secured by a lien which has priority over this Secarity Instrument, appearing in oourl, pa7r.i�
<br /> ' aeasaaable�ys'fees and entering c�-�she Property to ma{ce repairs.Although Lender may take actlon under this paragrsph
<br /> 7,�sdez rr.�s.not have to do so.
<br /> � My a�ounts disbursed by Lers':��rs this paragrnph 7 shall buome additional debt'of Bortov�er secured by this _
<br /> ' Securfty Instiumenl.UnIess Sorrowep��-��.�rder agree to other terms of payment,these amounts sh�li bear intereal from the
<br /> dute of dist��.userne�t at the Note rate a��:�all be payabie. wit6 interest, upoa notice from L::reder to Horrocver requesiing•
<br /> payment.
<br /> . S.Mo�gage Insaxu+;�ce.If Lender require�cr�rasCgage insurance as a condition of making the loan secur:��y ttus Sec�rity
<br /> •� .' jc��rumen2;Baauiver�tt,;l:�pay the preauums reqr.y�r�4 to maintain the mo�tgage Insurance In effect. �.�fat�y reason.the
<br />��" ' ihortgage ir,�=�ooverage requiied by[.ender L�[�or ceasCS to Ite in effect,Borrower shaU pay the premi�m�s sequired to
<br /> -�>�`.;.r,'-.- obt�in wc�rs�:subst�ntialJy equivalent to t4�e��4�ge insurance previously in effcet,et�wst substantialiy equivelent to t}�
<br /> ' cost to L'o�cu-b�r of tue�►azoitgage insurance pce�i�r:sly in effect. from an atternate mortgage insurer approvod by Lender. If =
<br /> substantia�l�r c-r��i:�s1��z�gage insurance caverage is aot nvalla6le.Barrower si�il pay to Lender each mcnd�a swn eqwtl tv� --
<br /> onatwelftI�of the yearly rortgage insurance premium being paid by Borrower when the inaurance covera�C tapa9d ar cea5ed,tt�•� �,
<br /> be in effect.Lendes will aroept,use and retain these paymenu as a ioss reserve in lieu of mortgaga insurtxcce. Loss reserva --
<br /> � Form 3Q�"9/80
<br /> � � � 7ap�3o18 �
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