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<br /> , � 96-�0�� -'
<br /> � a�. fr6���i'c! oi• E*ev►t:::•ay fE<<:u�•l39ir^. �3cirruaer sh:dl heep Ihe In3prnvements no�v ex�siinp� or hr,n:aRen• en:cted on the
<br /> Pro[�crty imt►reil ngainst loss by fire, ha�ards included wilhin the tcrm °extended covera�e" imd any other htrr.�n•ds, including •_
<br /> tloaas ar Puw�iing, iur wi�fc i[�:.idci :cr�u�r�, �n;u�arc�. Tt�i� snsar,::tc��l�s!!b�::taintsined in�I�c arnaunts und for thc periods
<br /> thnt Lender reyuires. The insurnnce carrter providiii�the insurnuce slinll be chosen by Borrower suf�ject w f.,�nder's u�pproval
<br /> ►vhich shall rwt lsc unr�asmtably wtthhcid. If Qorrawcr fails to maintain cavcrage describcd nbnvc, I.�ndcr nmy, nt I�ndee's •
<br /> optfon,obtnin cavemge to pr�tcct l.end�r's rights in the Propeny in ucc�rdnnce with pnragraph 7.
<br /> All iutiw�m�ce��licies and :enewals shull !��+cciptable W Lendee and shall includc a standar!t mntt�nl;e rhtuse, I.ender
<br /> shall havc the right to hold the policic:�and renewals. If l.cnder requires. Bono�ver shall promptly give to L.ender all rerelpts af
<br /> paid premiums and rencwni notices.Cn tl�c cvent of loss,Borrower shnll givc prompt notice to tlm int��ar.�nac canicr and Lcudcr.
<br /> [.ender mny muke peaaf of loss if not made pramptly by Borrawer. �
<br /> Unless l.e�xier nnd�orruwer otherwisc agree in writin�, insurance proc�eds shnll be a{�plied to mstoraN�m.�>►'repair of the
<br /> Property damaged,if thc restoration or rcpair is economicAlly fcasible and Lender's security is n�a lussaned. If tf�n cr.storation or
<br /> �xpair is nut e�:ononileally fensible or l.ender's sccurity would bc Icssencd,tt�e im:umnce proceed.y sht�ll b�applie[i ro the sums
<br /> secured by this Security InstNment, whether or not then duc, with any exccss paid to Borrower. df Dorrower abnndon� thn
<br /> Property, or does not answer within 30 days a noticc from Lender tiiat tlie insurance csur[or hns ofFun:d to settle a cluim, tl�nn
<br /> I.cndcr may coltoct►he insurmce{�rocceds. I.ender may usc the procc:eds to repair or rest��re t1�a Property or to pay sums
<br /> securcd by this Sccurity Instrnment,whetlter or not thee�d.r.�.Thc 30-dny period will be�in when d�c r�otice is giver. �
<br /> Ui►les9 l.cnder and Borrower othcrwise agrc� �c� ��ir:iting, any applicution of proceedsi m nri�icipal sl�all not extcnd or
<br /> postp.�ne thc due date oi�he nx�nthly payuicnts mfer.n:l 2��n puraBcaphs 1 and 2 or chnnBa thu oanount of the payments. If �
<br /> under paragruph 21 the Property is acquir�,l r��y�:���S�r.�orrowcr's riaht to any insuranr.n poliaias:�►d rrocccds•�;sutting from ��
<br />� camage to the Property prior ro tke acyuisition ahuli N;us:ca�nder tA the cxtent of d�o sums secier�,:d tay aus Securuy�Instru�.:en�
<br /> ir..:n:ediatcly prior to thc ncquisition.
<br /> 6.Occupancy,I'ceservAt(on,Mwintenauce and�,ti�,ectian of the I�ro(�crty;Ilor�mwer';�l.��i Application; Leaseholds. ,
<br /> ' Horrower sl�all accupy,establish. and use R':e�roprrty es i3orrower's prineipnl msidanco w.ithfn fft�cry days after the execudon of
<br /> this Security Instrument nnd shall continue�•�•oc;cupy the Property as B•orrowor`s prAnuipul i�t-sid;:�:ce far at Icast ane ycar�fter
<br /> the date of occ�pancy. unless l.endcr olhen��isP agrecs ln writinB, wlileh cor�e�nt.shtdl�nnt bn un.-za5onably withheld,or unless
<br /> extenuati�3g circumstunces e�e+n �•hich r..h '�vyond �en�uwer's control. 8arro�ver���cdi not dcstro�, damage or impaic the j
<br /> . Pc�xTty, silow thc Property to detcrivrW,i��, nr comn�;t �ti+nste on tho Propercy. �ic►r,n�,��er shull bc is�defuult ii'any forFciture 1,
<br /> action or proceeding, whether civil or ciir.r.5�a1,is bc;a.:n rhnt in L.s:nd�c•'s gooci fuiA�judgmc:nt cx;;�l3 result in forfeiture oF the (
<br /> Property or othenvise materially impaae t'�e 4i��rt creuted�y this Sccuriry InFtcuntant ar L.ender's s,:,,curdty intcrest. Borrowcr rray �
<br /> eure s�ch a default erx!reinstate� as prari�9�i1�n paragr�}�Y�18, by exueinA tite action or proceeding Ro ue dismissed wiin a cuIing _
<br /> ' �'�at..in L.ender's goc�d fait!� d�ternilnadun, precludeN`.'c:rfeieure of the Borroa�er'v interest in thc Proper►y or ather �natcriel �
<br /> .imptrlXment aF the lien creai�l by this Security InF:c.:u.ent or Lender's security intcrest. Borrower shall �lso bc in defeult if -
<br /> ' Borrdwer.dnrihg the loan applicatlon procass,gave matirnlly tiil�u�or.innccuxate information or statements to Lcuder(or failed °
<br /> to provide H.,e�ncler'witti any mat�rfai informot�on)in c�nnection��vittt�tlir.toen evidenced by tl�c Nnte. including.but nat limi,ic� t
<br /> 1'i to,representutim��3 concerning Borrower's occupnncy of thA�Property•A:l�prinpf���l rcsidence.ff t•Ivs Security Instrunncnt is on a . �
<br /> lea,ehold. BOr[nwet sh�ll c�mply with ail the pro��lf����s.af�tl�e 4uase. lf��iarm���r acc�uires fce title to th� Froperty, the
<br /> leasehpld and the fce tide�hall n�t mergc unless l.cndcor a.�c}roe�to the mergnr in,w,�itir��. �
<br /> , 7.Protection of I.ender'e�tlght�s In the Property.If'E3�rrower fails to perform the covenants and�grecment�s cnntainod in �
<br /> . this Sccurit Inst�umcnt,or ther�e is a le al rocecdin thut ma si nificantl affect Lendcr's ri hts in thc Pro such as a �
<br /> Y E P 8 Y B Y 8 P�nY( `
<br />��� pra;ee�iing in bank�uptcy,probate,for condcmnatiun or foifeiture or ta enforce laws or regulations).thcn I.cnder may Ao and i
<br /> pay f�r whatever is necessary to protect the vulue of tha Property and Len�cler's rights in the Property. I.ender's actions may "
<br />:' inclucie payin� any sums securecl by a lien which h� pri�rlty aver diis Secudty Instcument, appearing in cauct� paying �'
<br />� T�sonable actorneys' f�ees P.rxl enterin�y on Q►o Property to mr.k���ept►irs. Although Lender may takc u�ction utx3ar�his puragr9ph �
<br /> � '1,l.endcr daes nat have to do so. � . �
<br />. Any �ntniinte disbursed by L,eRder aincier this par�grapY�.7r�;;�in11�Gecomo Additionul d��bt of '•8orrawer 6ecured by this �
<br /> �
<br /> Security Instrument. Unless Aorrower nnd i.endcr ugrets to atifcr ttr'nns cd puyntent, these amou�ts ehall bear intarest frorri ihc ;
<br /> datc of disburenknt at thc `Nozt rate and shall be pnynble. with interest, upon noticc from Lcndcr to Borxnwer requesting �
<br /> payn�ent. • � '
<br /> 8.Mortg�ge iasumnce.If Lcnder r.ec�uired mortgc►ge insur�u�:e es a oondition of making trne�nfui secured by this Socurity �
<br /> :� instrument, gnrrower shall psy the premiums requirc�! tm m�lntain the nwrtgAgc insurnnce;6u QfFect. if, for uny renson. the
<br />;,' �nurtgage insurance coverag�requirad by I.�nder lnpses or ceusts to be in effxt, Borrower shali pny tho premiums reyuired to
<br /> obtain coverage substuntially equivalent to the mortgage insurance pneviously in effect, at a oost substuntlally eyuivnlent to the
<br /> cost to lic�rro��cr of die mortgage insurance prcviously in cffect, from an alternate mortgage insurer approveA by Lcndcr. If
<br /> substantially equivalent mon!gage insurance covcragc is nnt available,Borrower sholl pay to L.cnder eash month n sum equal to
<br /> � onc-twelfth of the yeariy inodgagc ins�r��nce premium being paid by Burruwer wlicn tht insui�rte�:ovcntge I�p.sed or c:ca,G;,�,to
<br /> � be in effect.Le�xfer vrill accept, use nnd�etain tl�ese p.�yments as n loss rescrvo in licu of mortgage insurance. Loss ree,crve
<br /> ' i�orm 3v2� o1Si2 '
<br /> Pay�3 010
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