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<br /> ` � is: 9�— ��J�'7�� - , . f.
<br /> :� �on the Pnopaty � � ,
<br /> • � 5.Ha�ard or Pmpert9 tnstuance. Boaowe�s�att�cg she ia�rQYemeQt�nR►w ea�isring ar he�eaft� � _._ - -
<br /> e .�,,,t
<br /> ' , . •inssaed against las�by�ue.l�aracds�cluded within the ne�m�Cx�V W�AV��C� aad any oihe�har�ds.inciading Qnods or .<=�:.` . -
<br /> . fu �
<br /> � '�:; floodirtg,for which L.ender tequuin�s ias�rance.'Iliis insnranve shari be mamtaiaed in We amo�ts and for the p�iads that LeadeJ `. . �
<br /> . . 4 val whirh st�all aot
<br /> ' ` - reqnires.'tlie inswaace caaiier pmvid'u►8 the ins�uance shall be chosen by Bonower subject to Lwder's appro ,:.`=,.,,
<br /> � � .t -- be unrcasonably wiibheW. If Borrower fails w main�coverage d�scd6ed above. l.ender may. at Leader's aption, obtain • _ _
<br /> - -- < � - cove�ge�a protect L.�'s righis in the Pmpe�ty in ao�rdance wiW parag�aph 7. e ctavse.L�der sha11 --- - '°�
<br /> � ' _ AU ins�uaace poliaes and semewals shall bg aooeptab2e to Leader and shall inclnde a standaN�all receipts of paid ` �.•:i.
<br /> ua
<br /> . - have the rigbt�o ho2d the Pnticies and renewals.If I.�der�ecluires.Hoaawer sball�omPtiY giti' . t4•:..
<br />- preminms and reaewal notices.tn the eveat of loss.Bmr�awer sLall give p�ampt notice to the insutance caffiea mid Leader.Leades _ . . .
<br /> �. may make pmof of 1as9 if not made pmmpily by Baimwra. �be applied w�a�n or repair of the � -. . ���``:.; ;
<br /> '•F • Uales�Leuder and Borrower otheiwise agree in w�i�nS,��P� . ,.
<br />- ��.- . , ` '".�
<br /> - . proP�►damaged,if the re�nn or re�paa i�ecunamicaIIy feasible aad I endee's securitS►is aot tcqseaed if the re�nration or -
<br /> . - repair is not eoonomicaltY f�1e or Leude,r's s�auity wontd be lesseu�,.the fr�sinance Pmceeds sha11 be applied w the sums ,� rw...
<br /> �� seciued by t�is Sec�itY Inst�m�t,whether ar not then due.with any excGSS paid w Bmmwer.If Bormwer abandons the ,F'.':�
<br />:� Rapaty.or dnes nat answer within 30 days a notice fmm Lea►der tLat the msoarance carraer 6as offeced to setile a clai�n.then � -
<br />._ ` � Leader may coIIect the�uance piaoeed.s.I.euder maY use the Praceedg w cepa'vr ar restare the Pcoperty+or tn PaY sa�ns s�ed . - � . -
<br /> .. ,,�.
<br /> � � by this Sacariry Instrament,whether or noi t9�e,n due.'ilie 30-day pedod m'it begin wheq the notice is givea�. � t = -
<br /> * Ua�I.ender and Bormwei oth�+ise a�ree in writi°g.aaY aPPlic�on of piacxe�Ls w princi�ai shall noi extead ar gostpone � -__-
<br /> �$�` � 5 1 and 2 or c.ban e the amauat of the paymea�ts.If undet p�b °• ..> ._.—
<br /> , , the dne date of the mont6lY FaYments ref�m in parag�aphs g res�ilting from damage w the .
<br /> ��+�:"' • � '� ', Boaower's t to any msurance policies arqd pmceeds . ' '�`—`-
<br />-.;:;: � . . :: '.' 21 the Propeny is acquired by L.endrr, � - _ . ..�_�
<br /> . �-.;�: Fmperty psiar m the arqni�aon shall pass to Leuder to the exta►t of the suws sec�ued BY this Sea�rity Insuument imm�dety ---.--- - -
<br /> , a Protectio ��'9 ����
<br />_:: prior w the acqnisiri�a Borrowes's Lc� AppUcationi LeaSe4io?ds. � . . ,
<br /> '` ' ` : , 6.Occapaney,Preservat�oa,Maint�aaoe and n of the : Lea. ,., ' t-�
<br /> cipal resideace within sixtY daYs after tbe e�cerution of '' ` ti'�
<br /> � esqbligh.and nse the Prapeny as Barmwer's prin �`� � �
<br /> ,, , ."'r Bormwea shatl accupY. _ '°';� �-
<br /> " _ . .'. .';;� this Secuiity Instmmeni and sbaU conwme t4 occapY thc PcoPectY�Bomower's principal residence fos a t l e a s t one year afte�the � �:
<br /> �: . �'� � date of aa�pancy, untesq Leader otheawise agcces in writing, whicd coace�t straU not be �m�rasot�ablY avithhetd.ot unless ," � =
<br /> .f � extr,unath►g caciunstances eaist w6ich are beyand Bmmw�r's contro L Baarower s h a l l n o t d e s t r o y.d a m a 8 e o r i m p a i r t he Pm p e r t y, . �•�au
<br /> .�r.•
<br /> � �� or cammit waste on the Prapeat�r.Borrower shali bc ia defauIt if any forfeimce acaon or �.����:
<br /> . . '� a allow the Pcoperty w de,uaiosate, • �'4
<br /> � pmceeding,whether av�or criminal,is beSm►that ia Yender's gaod faitb judgment could resalt in forfeidue of the Propary or ;, l�'-���
<br /> ' . otherwise roaterlaliY imPair the lien aeated by d�Se�uity insu�ent or La►der's s�curity int�st.Bosrow�may aae sacb a _�_
<br /> '�'t` � the acdon or ceeaff�g ta be dismissed with a rWiag that,in , . `''"'�-
<br /> . . .. , default and re�state,as provided in paragraph IS.by causin8 P� :`"�-��:..
<br /> .. ' LendaPs good faith detcrminadon,precludes forFeiwre of the Borrower's iaterest in the Propercy or othex mat�ial mtpairment of :
<br /> ��
<br /> � � " the liea c�earEd by t�is Sec�ciry Inswment ar I.endex's secauiry interest.Bocmwer shaD a1s�be in default if Banowe,r,during d�°. ,.�-�*:
<br /> - � � � loau application proc,ess,8ave�t�i�tY false or inaccuiate uiforniation or sraiements to Lzuder(or fa�ed w provide Leader with � .. :;�
<br /> .` �;.�i°�
<br /> ,': any maisrlai Information) in connec�tion with the lo�evidenced by the Note. inctuding, but not limited w.repres�miiat►s ,.,. `r ��,,,-
<br /> rm� � �y��t;y on a leasebold,Borrower �
<br /> � .,�' conce�aia8 Boaower's oca�pancy of the Pm a4 a priacipal residence.If this Seourit�► �,_;.,� . �� ..0;^_:
<br /> shall coraply a+itb all the pmvisions of the iease.If Horrower acquires fe�title w the Prapeaty.the te,asehold and the fee atle shall w.�
<br /> ,��� � not merge imIess I.ender agrees w the merger in writing. . . �:•��--
<br /> `_. . 7.Protedlon otLender's Rights in the Froperiy. If Borrower fa�s to peaform the coveaants and agreements contained n► _
<br /> _ �• ! this Security Insuumen�or th�re is a le that may significantly affect Lendea's dghts in the Pmpaly(such as a .,.. ..`. �.�
<br /> ���n� • ,.�.s._
<br /> • ' '.` Pm��B��P�S+,Probate,for wndemnadon or forfeiwre or w enfurce laws os regularions),then Lendea may do and pay . j-
<br /> for whaccver is n�5►w protect the vatue of the Propeaty and Lender's rights in the Property.Lendea's actions may ineWde _ _. .:':,-.._
<br /> . ' � PaY�S �Y � secured by a Hen which has priority ovea this Seairiry Inswme�nt,aPP�B iu w�t,PaY��reasonable .
<br /> . atwmeys'fees and entering on the Prapeny to make repairs.Althongh Lendea may take acdon andea this�aragrap.h 7.Len�xr . . .
<br /> ' daes not have w do so. . "
<br /> � ' Any amounts dlsb�used by Lcnder under ihis parag�aph 7 shall be�omeaddidanal debt of Borrower securcd by this Security . . .,•., '
<br /> � Insuument Untrss Baaawer and Lend�agree to othes telms of paymenl,ihesc amonnts shail bear inte�st from the date of .
<br /> �' digbursement at the Note rate and shall be payabte.with inuaest,upon notice from Lende�w Borrow�requesdng payment . .
<br /> . . ' � 8.Mortgage Insurance. If Lender required mortgage insurance as a condidon oY making the toan secured by this Sacurity �. , .
<br /> ' � Inswment, Botrower shari pay the premiums required to maintain the mortgage insurance in effect.If,far any reason,ihe . .
<br /> ' ` � mortgage insuiance covc�age required by Lender fapses or ceases ta be in effect,Borrower shall pay the premiwnv required w . .
<br /> , � obtain covaage substantiaUy eqaivalcnt to the mortgage insurance previousiy in effect,at a cost substantialiy e9nivalcnt to the - . -
<br /> ' ` wst to Borrower of the mongage insurance tneviously in effec� from an altemate mortg,age insurer a�yroved by Lender. If . . .
<br /> ; suby7antially equivalent mortgage insurance coverage is not available,Botrower shall pay w 1.eude,r each month a sum eqnal tn ,
<br /> onatweJN�of the yearly mortgage insurance premium being paid by Bormwer when the insurance coverage laysed or cc�ed ro � .
<br /> =_ � be i� effect. Lender will accept, use and retain lhese payments as a ioss reser►e in lieu of morlgage insurznce•Los9 reserve
<br /> Form 3048 9/90 .
<br /> � �-98(NE)182t21.Ot Vapa 3 ot e INtlats: . . ..
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