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<br /> S. liwrd or Pr�oNerty
<br /> lnwrance. Norrower shwll kasp the imprcvements now cxiuing ar�krc�fl� rmt on the
<br /> Prcy�ertY inaurod y�lost lau by fire.hwrds included within ifie term"extoodod caYerr�e"arK1 Rny other huuds. lnclud.in�
<br /> fl<wxla or(lnali��,for which Lender roquir�s insurbr►ce. 'Ihis insurance sh�ll be rtu�intainai In the AmuuM�rnd for the periadi
<br /> that I.erwier royuires.T1oe iawnnoe carrier providing thc inwrance sh�ll be chasen by Burruwr.��wbject to I.erxicr's�ppruv�l
<br /> which shall ncx be unrc,ua�nwbly withheld. If Borrower fi�ils to rtwint�in rnvenge descvibed+�bove. l.ender r►My,�t Lender'i
<br /> a�►tion,obtun cover�Qe to pmtect I.ender's rights in the f'roperty in accorc9ance wilh pa�xBraph 7.
<br /> All insurancc policiey And renewals sh�ll be Acoet►ts�ble to Lend�r�rxl slwl! inr.lude a stnnd�ni moriga�e cl�use. l.erxler
<br /> shaU hav�the right to hc►ld the(►olicies�nd tenewals. If Lender requires, Fsormwer shall promptly give to�..ender dl receipts of
<br /> �id prcmiums and rencwel nodoac.In the event of Inss, Iiormwer fh�ll give prompt notice to tho insurunce cArrier�rd l.ender.
<br /> I.ender msy m�fce pronf of locs if not made pmmptly by Fiorrower.
<br /> Unless Lendcr uxl lbrmwer Mherwi�se Agra in:wrntina. insurance pm�xeds slull be a�ppliad tn restora►[on or rep�i�af the
<br /> prc�erty dunaged,if the�cstontion or�Ypair is ecc�rnomi.calig t.'�niMe and Lender's security is rxx les.aned,.tf.I;ita catnration.a
<br /> r.e�sir is nnt:oconomic.nlly feasible or�.end�er.'s:�xrt.r.i_�r wxouf�'.bt�asstnocl.the insunu�ce ptocaocfs�rhal:l.Ife a�pliAd�An dre sums
<br /> socured A�r this Socurity Inst�ument.wherJ�er. or n4t, tbexx du,er w[t�t �ny exoesa paid to Borr.r�wcr.. RE�3or.r.ower aM�e�dons �ise
<br /> Pcc�oercv.oc�oes not answer within�d.�Ys a notKx fccrw i.esder tJut►3�ee insursnee earrjer Das of.f.�ered to rn�tla�cl�im, then
<br /> �.er�r ee�q e:rlEsct the in_uixarioe pc«.mds. [�r ae�ry usc t[e�p�r.r�ooeds �ca�ir. or e+estcxe tRo Yr.�l?tn:y �r ta p�y sums
<br /> sacu�ed b�r�[iis�ecuciayr Dustn�me�.whe��!�er ur na!ta;;:��e.?he 3(A�y pericyd wilC begin wl►era the nWix is gEvan.
<br /> Udess t.r.nder and Bo�rcower ather.kr� ascoe i�v�mtinsg. ui,�r �P[�lication of proaoe�s ao principa! s6aL1 not extend a
<br /> poatpor�e tl°��rJw,e d�te v�tF.�e mckethEg �-,n�;-c3���eis referrcd,lo irt�pat:j;R�phs t and 2 or chw�e ahe a*na�m uf�he pav%ecus. If
<br /> under p�,�����'h 21 cbc Pro�rty i��cqoo�tr��*�a by l.,e�nckr, Barowcr"s ns.�;ht to any insurac�ce po[ictes and prooeods rcsuldna from
<br /> d�mage!p Y'}y;,�'ropert�r�+r�r�nr 4u the acquisition shuit�pasc to l.enclea•Y►.�the extent o�'the sums secured by thls Socutiry Inst�umait
<br /> immediately prior to the,a�cydisitiun.
<br /> 6.(k�r�pMncy,Prenetv�tion,Mainteaana a���r�muai3on a�4't�e Prop�rty;Bon�owa's Lo�n AppliaiRt�;[.aa�ddw
<br /> Borrower slult occupy, establish.and uee the Property as Bu��w���'�i��iP��idena within sixty daya after the cr.xWio+n of
<br /> this SoCUdty Inst�umen and.5ha11 continlu to occupy the Pn�eriy�s lbrrower'c principal rr.sidcncc for at le�st a�e year afla
<br />' the date of oocupancy. s�n1��:ss{.erder wlxnvise agr�oes in writing, w�hich wnserer.s4ap not be unreasot�ably withlxJd.or unlea
<br /> �,crMn.t�n� circumu�ners �rr:�t which are beyond LY�r:r.qwer's control. BorroM�er stWl not destroy, dartu�e or impinr tbe
<br /> prqktty. albw the F�nQ�ire'v to deteriorate, or comi��i.c �sts on the Prc�xrty. Bomower chall be in aefsae¢ ei ury iaiau��
<br /> action or pnra�c�ing. whether civil or criminal,is btgu'm Uaat in[.t�txter's goud failh judgrna�t oould�+ewlt in 1'orfeiture of dw
<br /> P��Y�'�C�Cc�9'k�l�!�►Rt?�ally imp�ir the lien created.hy t�ti�5�c��,fr'ty�Instcumont or l.ender's sec�irity irNe�ese,Borraw�'mn�y '..,�
<br /> cut+e such a detault ai�yN_�rcsen:,�iate,as providod in parai�tsy�h�8;�j:_�c�ir,saig the acxion or prr�aoding to be dise�.�s�e4d wiU1:i�r•o:l•ir�
<br /> tlwt. in Lender's good 'i:ie�,'h detGrmination. prccludee tr;a3en:rir��rtaf.�?he Bornow�'s interest in the Prope�rt;� �rlr.�otb�er�r��� � -
<br /> imp�im�ent of the liea creatod by this Savrity Instra�:���:ten:'�;'�.�vi•!�h's,sxuriry interest. Borrower aha11 a9vq�'�sr'in defautt if . �': ;
<br /> Arm+nwu,dudng the IQan spplicaciw�proc�ss,Save����r,pllQYC.';�';�I:tr.�ca:uaocu�te inforn�ation or statements to'i.e�der(or failad ;
<br /> to provlde[.ender with sny m�terid infor.nnation)i�c�o�t+eq�ie�t�:v�:,i�:;:;�K loan evidenced by the Note,including,but mt limitad
<br /> w.represent�tioro concernia8 8orrmver's occupanr��c,+.,'�ttlx lf�ii�t�{e;�r�.as a principal residena. If tttis Socurity Iactewnent it on� �.
<br /> '�r�`t3w' lase. If Borrower acquires tee tide ta the Pc+opeity, tbe •`'�--
<br /> ' Reatd�oW, Borrorra' a1Wl com�►!y with all the p�:���i:a�i.e,�:a... >.,-
<br /> : ati�,�+ehofd and the ta titk shall not merge unlrsa I.end�r`a��es t+s th�m�rSer in writing,
<br /> ' 7.Pcbta�t�a d I.e�der'�Ri�W in tk Properly- 1f B6r,ro�i�x fiils to perfonn the cover�ants and ag�tt�ts oorwined'm
<br /> . • thia Securlty[nstrUmant,or there is a legal pra�eeclin8 th�t nwj�'�ai?ii;��icantly affect I.ender's rights in the Propaty fwch a�i
<br /> � " pn0000di�in builtiuptcy. prabat�, for oadrnwtion or fafei►ui�;��ca enforco lrws or ngul�tions),tha�La�der smY do �od
<br /> . •p�y for whateva is.nec�a�'Y�o P�� the v�lue of the Propert�y and I,enckr's rights in the Fropeicy. I.eader's saions nry
<br /> indude paying ar�y surnc sawed bY a lien which h�g priarity over this Security Instrumait. appauina in oou�t. P�YuK
<br /> �ombk atWrneys' fees snd ente�ing on the Properiy to nfake npairs. Alttxwg6l�erder may Wce�ction unda this p�ua�G�'+Pb
<br /> 7,l.eoder does not have to do so.
<br /> Aory amoe�Ms disbursed by Lader unda this�raph 7 s1u11 bx�ome additiawl debt o�Bon+uwu �oa►rod by thia
<br /> Sewrity Irot�ument. Unless Burrower and L�ender agree to other terms of payment� these ut�o�uKS sFWI beu�`i�fioan tEe .
<br /> date of disbu�sanait at the Note ra�e ud sl�il be Q�yaMe, with interest, up�n notia hom [.erKkr to Si»owrr roqu�xi� . �',�:,.
<br /> P�Y�• . . �''�:�
<br /> S.!V[r►rl�e Im�rrnee.If I.endtt�irod mortg�e insur.am���s a condition of making the loen socu�od by tttis°S^.�•r:��ryr
<br /> I�r,�nunent, Bornower stwll py the pre�miams ra�uirod to mai�r•iun ihe mortgage i�uuranoe in ef'foct. If, for aay mre►;+6,•,��e
<br /> matgage insuranoe oovecase roquired GN.Lender fapaes a ce�tn be in effoct.Borrowa shall pay tt►e prcmiums roquiral w
<br /> obtain coveage substantinlly equivaleti':•��}t��t�b�insur�rioe previously in etTect,st�oost wbs�Mi�lly«�uivala�t to t6e
<br /> oost to Bc�rrower of the mo�gagc irs.�tianr>>�ce p[�eviously in efi'ect. from an alternate mortgage ir►wra app�uved b�+ L�ender.lf
<br /> 6U�lb(�1pIT�h;f�{l1V�ICt1I 1110Rga$C lf.i5kilUaeflCC OOVGfi&t IS not avail�ble,Bomowa shall pty to A..ender esch month a sum c�qud W
<br /> one-t��t�f�+��'the y�ariy mortgage in�ua�r,�nct:prcnaium being paid by Ba►rrower wlx»the en�er.atioe covec�ge IapKd or cxesed to
<br /> : (te in eft�ect.i.er�der will accepc, use and retaie tAese��qYcnrnts u a loss rcserve in lieu af mon�aaac inbutanae. Loss reseryt
<br /> � �am 302! 9H6
<br /> P.pId6
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