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<br /> . +-�- ---�� 92--- 106606
<br /> S� N�b or prnperty Iu�wance. Horrowa �holl kap �he impmvcment� rww oxiating or hereafter erected an the
<br /> ___ __ _ _ Pr��ty insmwl a�nin�t inss by fire, he��rds includod within thc term "catendod covernQc"and any�ther haziud�, includin�
<br /> Ila�ds or flcx�ding, far which l,encler requires insura�ce.This insurance shall bc mainteined in thc amount�and for lhc perfads
<br /> _ _ thnt I.endcr rcyuirca. The inr+urunre�:arrier providing the insumncc shall be chosen by &�rmwer�ubjcct to L.cndcr'r,uppravol
<br /> which shall not be unreusonably withheld. If Borcower fails to maintpin coverage descrflx�d abave. Lender may, at Lender'c
<br />____„ __ - nplion,obu►in coverege w protect I.,ender's righ�s in�he Property in accordance with paragraph 7.
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<br /> All insuruncc po8cies and rcnewals shatl be acceptable to Lendcr und shalt include n stutidard martgagc clnuse. Le er
<br /> shull have the dght to hold the policies and rencwals.lf l.ender requires,Borrower shall promptly give to Lend�r all receipts oP
<br /> -- — - paid prcmiums and renewal notices.ln the event of loss.Borrower ahall give prompt notice to the insurance cwrrier and L,ender.
<br /> �- �___.__ _ Lender may maMe pmof�f Incv if nnt mnrie�mmptly hy Rnrmwer.
<br /> _--- Unless IxnJer and Borrower otherwise agree in wrlting,insurance procceds shall be applied to restaration or repair of the
<br /> ________ Property da�naged,if the�+estomtion or repair ia economically feasibte and Lender's r�ecudty iR not Mssened.lf the restorntion or
<br /> --- _ ° repair is not economically feasible or I.ender's secudty would be lessened.the insurance proceecla shall be applied to the sums
<br /> =�-=°u--�� secured by this Sccuriry Insuument, whether or not then duc, with any excess paid to Bor�ower. If Borrower abandons the
<br /> Property,or does not answer within 30 days u notice from Lender that the insurance carrier ha�offered to settle a claim. then
<br /> — L.ender may collect the Insurance procee�ls. L.ender may use the praceeda to repair or restare the Praperty or to pay swns
<br /> -- secured by this Secudty Insnument,whether or not�hen due.The 30-day period will begin when the notire is given.
<br /> — Unless Lender and Borrower othenvise agree in w�iting. any applicalion of proceeda to princlpal shall not extend or
<br /> - --�- t ne the due date of the monthl n mente referred to in arn hs I and 2 or chan e the amount of the a ments. If
<br /> _� -=-_-- . _____, p�� Y P Y P BmP B P Y
<br /> ��'^�°'�"�'�' under paragraph 21'the Property is acquired by Lender. Borrower's rlght to any insurnnce policies und proceeds resulting from
<br /> - — dumage to the Properry prior to the acquisition shal l puss to I.ender to the extent of the sums secured by this Security Instrument
<br /> .�•s,-.�,r.rs:�
<br /> —�s��,�„� ' � immediately prior to the ucquisition.
<br /> - ' �-''�'i}'� 6.Oocupancy, Preservation, 1Naintenance and Protecdon oP the Property;Borrawer's I.aan AppUcAtion; I.easeholds.
<br /> ��`'~�-��� Borrower shall accupy,estabUah,and use the Properry es Borrower's principal residence wilhin sixry days after the execution of
<br /> a.h'Y�r��:
<br /> --- -- - Ihia Secu�ity Tnstrument and ahall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> ,�,,�;:._ .,�^ the date of accupancy,unless L.ender otherwise ogroes in writing.whlch consent shall not be unreasonably withheld,or unless
<br /> � '�, ` extenuating circumstances exiat which are beyond Borcower's control. Borrower shall not destroy, damage or impair the
<br /> �� Property, allow the Property to detcriorate, or commit waste on the Properly. HoRawer shall be in default if any fort'eiture
<br />-������a�� action or proceeding. whether civil or criminal,is begun that in L.ender's good faith judgment could result in fart'eiture of tha
<br /> �y���,.�,: .,�,� Properly nr othprwi�e materially impair the lien created by this Security Instrument or Lender's security interest. Borrower may
<br /> _.�,,..,�,�;�;..,.._.ti, cure such A default und reinstat�,as provided in paragraph 18,by causing the stctian ar praceeding to 6e dismissed with a niling
<br /> -� ;�.�'�'-• •�,: that, in Lender's gaod fuith determination, precludes forfeiwre uf the Borrower's interest in thc Property or other muterial
<br />- �^'�'4� n impuirment of the lien creuted by this Security Mslrunxnt nr L.ender's securiry interest. Borrower shAll ul.so be In defeult if
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<br />--- ° Bc�rrawcr,during the Icwn uppliration procesx,gavc mutcriully fulse or inuccuratc inPornwtion or statem�:nts ta L.ender lor fuiled
<br /> — �^"'� 10 provide l.ender with nny muteripl infornwtian)in c�mnectian with�he Inun evidenceci by the N�KC, including,but nat limitcxl
<br /> � �N��,:�-''Y:�:`.••+ . to, reprexematii►nr roncerning&�rrnwer's�MCUpancy oT the Propeny as a principal rcaidcnce. If thfti S�tiuri�y Intitrunknt i.r on u
<br /> — .,:�.�.,�-•,
<br /> ���°+.z•�P`• Iesitichuld, &mowcr shuU c��mply wilh uU thc prnvisionti nf thc leutic. If Borr��wcr ucquires fcc tidc to the Property, the
<br />_� ��:`:a":�:w Ieaschuld unJ thc fec�itic tihall n�U mcrgc unlrti,I.cixler ugrcex U,Ihc mergcr in writing.
<br /> �- '�!`"```�''�'"`` m 7.1'rotceUmi of I.cnder'»RlRhtx In Ihc Pmperly.II'&►nowcr 1'oik to�x:rfi�rm the cuvcnums and agrecments contuined in
<br />"� r� ' �his Security Instrument, or then is u Iegul p�•ixc��ling iha� nwy tiignificuntly uftcct I.ender'ti rightx in the Praperty l�uch ati a
<br />=s , .,, , pr�xeeding in bankruptcy, probA�r, fur runJ�mnation or forfciwrc or to enforce lawti or regulations>,Ihe�l.ende�muy do und
<br /> � :'+!'+�t• .�' ���...�;'�'� pay for whutevcr i.r• necexrury G►protect du vulue ui the Property und Lender's rights in the Property. [.ender's uction� may
<br /> 'a'"-°" � include a in un tiums secured b u lien which has riorit over this Scrurit Instniment, u rin in coun, n in
<br />,:�� , P Y S Y �� Y P Y Y PP� B P Y 8
<br />-'�'�����"'il'•�� � reasonable uttorncys' fee�s�nd entering on the Propeny to muke repairs. Although L.ender muy tuke i�ctton under this paragmph
<br /> _„ ,= 7, Lender dces not havc to Jo so.
<br /> ' .��I', , Any amounts disbursed hy Lendcr w�dcr this pnrugruph 7 xhull become sxlditionul debt of Borrower secured by this
<br /> : +'�~i`'��:. Security Instrument. Unless Borrower und L�:ndcr ugree to oUicr tcrn�s of paymm�t, thcse umounts shall bear interest from the
<br /> � 5�'°-�- •�"� . �� date of disbursement at the Nnte rnte und shull be puyabla, with interest, upon noticc from L.ender to Bonower rcquesling
<br /> ':� �+vo-�..,�v. �::,•. ;.,,.. .
<br /> :�: .,..- payment.
<br /> °�■� .�;�;��;;;�,;•', ; 8.Mortgage lnsuraoee. IF L.��xicr reyuiral rnortguge insurnncc a,v condition uf nwking the laun secured by this Security
<br />-- ' �� � � . ' Instrument. Borrower shull pay the premiuma reyuired tu maintoin the mongugc inxurunce in effect. If, for uny rcason, the
<br /> - ,,�,r;.,., ., mortgnge insurunce roverLge reyui�ed by Lender lapscs or rc�.+es�u lx in el'1'rrt, [�irruwcr shall pay thc premiums rcquirod to
<br />_•���k�,�,�:.;:,:,; obtuin coverage substontially equivulent to the mc�nguge insurance previouxly in efFect.at u cost suhstuntiully eyuivalent to the
<br /> '. ' .a cost to Borrower of the mongage imuruncc previausly in cffect, fmm �n •rltcrnatc nuxtgugc insumr upprovai by l.ender. if
<br /> ' ' • �. „ ° substantiully equivulent monguge insurance cuveruge i+n��t avoiluble, Barrowrr shall puy to I.ender cach month•r sum equal to
<br /> r "• " one-twelfth of the ycarly mon�agc insur•rnrc pren�ium Ixing paid by Bnrrowrr whrn thr in,urance rovcrv�c IApsed��r rcased to
<br /> F � ' be in effect.L.etxler will u�cept,use and retain these puymcnts us a loxs re+crvr in licu ��t' nx�nguge in�urnnce. Lo�ti reserve
<br /> �` Fam 3028 9l80
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