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<br /> ����� ' 96- _:,�:,�.:
<br /> S.WA�r�1 or�rope�ty Ineurance. i3arrowcr st�aU 6ccep tttc improvGments now caisting�e hcrcattcr c����tji�,�ropcny
<br /> insurecl aIIrilrst lass by Ceo, hnlrrds include�l v�ithln the wrm "ext�nded covcrage r�nd nny othcr hn��rds,includin� fionds or
<br /> flooding,for which Ler�de;ec.yulres insur+�stec.7'i�is insur^..stce si�nll ita maimained in dre omountn t��d for the periods thrat l.ender
<br /> . requlrw.�Y►�lnsu;ancu e�►rrier provlding the fnsurar�co shnll be:chosen by Donower subject to Lendee's�ppeoval which shnll�ot
<br /> � ' • be� unreawnably withhcld. If 8orrowcr fails to mnlntain covcrego describcci abovc:, Leactc� r�tir�y, at L.cnder's cpUon, obL�in
<br /> covcrego to pratcct Lcndcr's:ighis in Ihe Properiy in t�ccordnncc:wtth pazugruph 7.
<br /> All Inaurenca poUcies and rencw�ls ahnll ba acccptebla to l..cndcr nnd shuil includo a standard mortsugo clauso. Lcndcr shall
<br /> � � hnvo tha right to hold tha pollcics nnd renewu�s.If Lender requires,Barrowcr shnll prompUy givo to Lendcr NI rccelpts of paid
<br /> � ;•,.-+�,� ptemiums and renewal naUces.In the event of loss,Borrower shall givo prou�pt nopae w t�io i�sueut►co careicr sstd Lender.Lendcr
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<br /> ---�.� may make proof of loss if not made promptly by Borrawer.
<br /> ��,; Unless Lender and Borrower atherwise agrca in wdUng, insurance procccds shall bo applled to restorndon or repalr of the
<br /> . w.., �. property damaged.if the reswratIon or repair is economically feasiblo and Lender s security is nat Iessened.If ihe reswraeon or .
<br /> � ; repair is not economically feasibin or Lender's socurity would bn lessened,the insuranca proceeas shaU bo applied ro the sums -
<br /> r " secured by this Security Inswment, whether or not then due, with any excess paid to Borrower. If Borrower aba�ndons the =-
<br /> �'?� Piroperty,or dass nat answer withln 30 duys a no�ce from I.ender tfiat the insura�ico carrier has affered to sctAe a claim,then •���._=
<br /> �' '. • k� L.ender may coUect tha insuranco proceeds.l�ender mny use the proceeds to npair or restore tho Yropeity or w pay sums secured �'�_�
<br /> by this Security Insuument,whether or na�then due.Th�30-day period wiU begin when the nodce is given. �:,,_
<br /> � Unlass L.ender and Bonrowar othcrwis�Agree in writing,a;�y a�plicutIon of proceeds to principul shall not extend or gastpnne ��ti-:'�
<br /> �� � thc duc dnta of the monthly payments referred to in pa�g�+pbs 1 and 2 or changc the amonnt of thc payments.If��nder ps►ragraph �"'�:=
<br /> �" . .� �! • 21 the Property is occlui�i by Lender,Borrower's rigt�t to any insurancc policies and procoecls resulting from demage to the �
<br /> � . . 1'repetty pr.lor t�tha�..q�isition shall pass to L.ender to the extent of the sums secured by this Security Instrumcnt immediately =_
<br /> � prior to thc acqulsidon. _-=
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<br /> : ' �' /�' 6.Occupanry►Prese�'�'�tbn�Maintenanre�nd Protectbn of the Property; Borrower's Loan Appllcatbn;Lease6olds.
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<br /> �""`•" Boaawer shull occupy,establish,and use the Pnoperty as Borrower s principal r+esl�lence within slxry days siftcr the executi�n of _
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<br /> ���� this Security Instrument ond!shall continue to o�cupy the Pmperty as Bonower's principal rosidence for at leasa.one year�ftc�tha
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<br />`i`" -•.�,��� daCe of occupancy, unless H.�nder othenvise a�rces in wridn8, which consent shall not be unreasonably withheld, or unless -.
<br />��"= �:.,tt;,�`` extenraating c�cumstances eaist which ars beyond Borrowu's cAntrol.Borrower shall not destroy.damage or iznpair the Property� _
<br /> �' ' '•"y` altow the�'roperty w detertornus, or commit weste on tha Property. Bo�rower shatl be in de�'ault if �ny fodeiaue acaon ox .-_----•
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<br /> .'� ''4 e:•�' proceeding�whether civU or cdrainal.Is begun that in L.ender's good faith judgment cauld res�it in forfeit�u+e of dxe Praperty oa
<br /> '"":_;r':'�;> otherwisa mztesiaUy impair the lien creatsd by uiis Security Instrumant a L.ender's security interest Bomowcr may cure such u
<br /> � '.�5�1r� defaait end reinstnte,ag provided in paragraph 18.by causing the acdon or proceeding co be dismissed wa'L�h a niling that,in
<br /> ��•�`��� � T rwlr:'a�cxul faith detrm�inadon,precludes forfeiture of the Boraow�r's intcrest in ihe Propeity or other matcrial impairtnent of
<br /> �:°_-,,,,_"�,,,,q,�,, the Gen crcattd by this Securiry Instnunent or Lender's security inter�est.Boaower shall also be in default if Bcxrower,aunng thc
<br /> =�==f� loan applkudon praccss,gava mat�riallv false or inaccurate infortnAtion or statemcnts to Lender(or failecY to p�r�ovide Lender wIth
<br />=�°=��. • any mate�ial infarmation) in connecdon with the loAn evidenced by the Not�e,i•ncluding. but not lirnitecfl to, representations
<br />°�":�a"'°-'"�' conceming Borrower's occupancy of tha Proprsty as a prh�cipal m.sitlenca.If this Security Insuument is an a lc•.s�sehc�ld,Borcawer
<br /> �*_�. sh�11 comply wlth�ll thu provisions oE t�e lease.If Borrower acguirts fet titlo to the Property,the leaseho!A and the fee i�Ue shall
<br /> _- -_ _:.�-; not merge unlcss Lcndcsr agrecs to tha rr�er�ea u►wrltin8•
<br /> ���LLn�� 7•Protectbn otLender'e Rights in QY�e Property. If Borrower fails w perform the covenants and agoements ccfntainod in
<br /> �_a,.�,��<� thia Security Instrument,or Uiere is a legal proceerling that may significantly affect Lender's rights in the P�roperty(such as a
<br /> .+�ns:rs.nraa� pr��8;�a�p�y,�a�,for condemnation or fodeiture or w enforce Iaws or reguladons),then Lendsr may do 3nd pay
<br /> - '-� for whnuwer ts ncxcssary to protect the valuc of tho Property and Le+�der's righ�a in the Froperty.Lender's acdons may include
<br /> N�`°=°-=- payinB any sums secured by a lian which has priority over this Secur'sty Insuumant,nppearang In court, payin8 rcasonablo
<br /> _^ _ --"-�"' eqomeys' f[xs and enterin�on thc FcvpGriy iu u��a repr�ics. Alihough Lender��y iake a.don unCrr this pscagragh?.I.�nder ----
<br /> ��:._.�: does not navu►u uu�;. -= - -
<br /> --- - --- Any amounts dtaburseci by I.ender under this paragraph 7 shall become odditional debt at Bocrower seciaroc�by this Security
<br /> ��^�-�� Ins�umen� Unlcss Bonrnwer and x.ender agroe to other terms of payment,these amounts sha11 bear interest from the dnte of --
<br /> .--�-= disburscment at tho Nou rate and shall ba payablo.with intcrest,upon notice from Lender to Borrower requesdn8 paYrnen�
<br /> _.--__-'� 8I.MortgAge Iniurance. If Lender required mortgage insura�ce ag a conditian of making tha loan socurcd by this Security
<br /> -__-��� Inswment, Borrower shall pay the premiums required to meintain the mongage insurance in effec� If, for any ceason. the
<br /> ---- mortgaga insuranco coveragc required by I.ender lapses or ceases to be in effect,Borrower shall pay d�e premiums requir�d to
<br /> --.,.��„m,,,,�� oMair►wvuage substantially equivak,r►t to the mortgage insurance previously in effoct,at a cost substandally equivalent to t!►c
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