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<br /> :��::�,,��1 — -- - -92— ios,'�s
<br /> - S. Ha�rd or Pmpaty Iasurance. Bomower ohall kap tho improvementa now exiuin� or hercat�ar erockd on the
<br /> - Property iasural a�einet los� by f�ro. hazards includad wlthin the term "eztended caverage" and any other h�udr� includln�
<br /> flaodx or tlooding.for which Lendcr requires insurana. This insurance aiwll 6c maiivainal in the wnourur wd for tho peri�dx
<br /> that Lender requires.The insuranca c�rrler providing the inaurunce shall be chosen by Bc�rr��wer aubject !o Lender'R app�rn�l
<br />-- -- - — which chall not be unneasonably wlthheld. If Bortower fails to rtwintain covcrag� dcscrfbod �tbove. Lender nwy, w l.cnder's
<br /> __ — apdon.obtain coverage to protect Lender's rlghtis in ths Property in accurdance with parag�ph 7.
<br />- -- -- All insurenee polieies and renewals shall be oeaptable to Lender and shall include u atandarc! rrx�hQ�+ge clwune. l.ender
<br /> ''�i ahall huve thc right to hold the polici�.s and renewals. If L.cndcr rcquires.Borrowcr slwll promptly give U�Iw;��ler�II rcxeipt�uf
<br /> � - - _� __�� _
<br /> � paid p�+cmiums and renewal noticea.In the event ot loss,Borrower thAll�ive prompt trotice to the inrunuWx carrbr ynd l.�nder.
<br /> — Lender may make proof of loss if not made prompdy by Horrower.
<br /> - Unless Lender and Borrower athenvixe ngree in writing.insurance proceais shall be appliod to restoratic�t nr rcppir of�he
<br /> - - Property demaged.if d�e restoration or repair is economically feasible and Lender's security is m�t Ieaxened.lf'�he r8stittAdun u�
<br /> repair is not economically feasible or L.ender's seturlry would be lessened, the jnAUrance proceeds ahall he applied lu Ihe aums
<br /> --° ----- -_-���,;,,� secured by this Security Instrument, whether or �at then due, with any excess paid to Barrower. IP Burci�wer ubui�lun� Ibn
<br /> —"�"'°�°�� Property, or daes not answer within 30 days a naAce from I.ender thet the insurance caMer hus affered to rietde u claim, then
<br /> �'� i.ender may collect the insurance praceeds. I.ender may use the pracceds to rep�3r or regtora tha PropeRy or to pay aums
<br /> ��mT� ee,cured by this Security Instrument.whether ar not then due.The 30-day per�ad will begin when the nutice iR given.
<br /> y��� Unless Lender and Barrower otherwisc egrec in writing, any application of procceda to principal shull nat extend or
<br /> �emlSb�f'C—
<br /> - postpone ttie due date of�he monthly paymen�s nferted to in paragraphs 1 and 2 or change the amount ot'the paymentx. If
<br /> _ �,�y��� under paragraph 21 the Property is acquired by i.ender,Borrower's rlght to any insurance policies ond prncceda resultin�from
<br /> �.�;::��;;''`;'. damage to the Property prlor to the acquisition ihall pass to[.ender w the extent of the sums secured by thia Security Inatrument
<br /> ��-���� "� immediately prior to the ucquiaition.
<br /> ��"' 6.Occupancy,Pr�servallon,MwlMenance�nd Pmtectlo�oP the Property;Borrower's l.oAn ApplkAtlon;I.c�eholda.
<br /> ��`�'`����'v ,�� Borrower ahall occupy,esteblish.end use the Property as&►ROwer's p�incipal residence wlthin sixty days After Ihe execution af -
<br /> this Security Instrumont and shall continue to occupy the Property as Borrower's pr�ncipal resldence for at Ieaxt one yenr utter
<br /> :�;�.:� the date of accupnncy,unless l.ender otherwise agrees in writing, which consent shall not be unres�sonably withheld.or unless
<br /> �.�6b?ti°_l�!�.'",,.,.,.
<br />_,����w�• - r- � •�• extenuadng clrcumstances exist which are beyond Borrower's control. Barrower shall nut destroy, Jumuge ar impair the
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<br /> �, , � . Property, allow the Property to deter�orate. or comrnit waste on the Propehy. Borrower shall be in defuult ii any forfeiwre
<br /> �`��`�`�' '� 4 action or proceeding,whether civil or criminal, is begun thot in Lender's goad faith judgment could rcsult in forFeiture of Ihe
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<br /> .'��'�� -•• Property or otherwise materially impair the lien creAted by this Security Instrument or l.ender's secu�ity interest. Borrower mey
<br /> r..�:.,;.::';,.;,�.. :� •
<br /> : curc auch a default and reinstate,as provided in paregtaph IS,by causing the uction or proceecling to be dir�nissed with A ruling
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<br /> -, -���;.�t:�s�-k. that, in I.encter's good faith 8eeermineeion, precludes forfeiwre of the Horrower's interest in Ihe Propeny ar other materfal
<br /> ���' impairment of the lien created by this Security Inslrument or Lender's security interest. Rorrowcr shull altiu be in default if
<br />._� `�'�.:� '•��'°•', Borcower,during the loan applicatiun process,gave rneterially false ur ineccurute informution or stutements to I.ender(or failod
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<br /> :_,�' �..�;,,v,;,,�,:." to provide Lender with any material informatian) in connection with the loan evidenced by the Nate, including,but not limitod
<br /> — to,representatians wncerning Borrower's occupancy of the Propeny ar A p�incipal residence. If this Security Inrtrument ih on u
<br />;;�=� � ' � leasehold, Borrower shall mmply with all �he provisions of the lease. If Borrower acquires fee title to thc Propeny, �he
<br /> � �' '�'.�� ' leasehold and the fee title shell not merge unless l..ender agrees ta the merger in writing.
<br /> ���-�.:.. .
<br /> �,,.� ` ��` 7.Protection oP Lender's Rights In the Property.If Borruwer fails to perform the covenants and agreements containecl in
<br />' ..� ','..�a.• . ,.
<br /> -'� ,�,�y;ti,;,.,,.� this Secu�ity lnstrument, or there is a legal pracc.�eding that may significanUy affect L.ender's rights in the Propeny (such us a
<br /> ' ,��ys.y� "�,�� � proceeding in bankruptey,prubate, for condemnation or forfeiture or to enforce laws or regulations►, then l.ender muy do anci
<br /> ..� ���.,� � pay for whatever is necessnry ro protect the volue of�he Propeny und L.cndcr's righ�s in the Propeny. Ixnder's actionti may
<br /> x=�'..",. �.�` ' ' -
<br />:' _'�'��' � �•��f � include paying any sumg secured by n lien which hes priority over this Security Instrwmnt, •rppearing in cuurt, paying
<br /> --- "'"'� � "'��� reasonable attomeys'fees and entering on the Property to makc repairs. Althciugh I.ender muy tuke uction under this parli�rLph =
<br /> -_ �� '� ' ,, 7.Lender does not have to do so. -
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<br /> � ,�:Y:,.; Any amounts disbursed by Lender under this parugruph 7 xhull bec��me udditional debt of Bnrrowcr scwred by this
<br />-�� �? ,�,_ ' , Securiry Instrument. Unless Borrower and L.cnderagree to other ternn of puymenl. thcsc umountz shull I�eur interest from the
<br />-"=:�";,'�>•:• dace of disbursement at the Note rate and shall be payable, with interest, upnn notice fmm l.endcr to Borrower reyuestin�
<br /> � �''°`""" . payment.
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<br /> ��a„�••�,. �,: _, 8.MortgAge Insursmee. If I.ender required mortguge insurance as u conclition of making thc I�iun secured by this Security
<br />.__. � ' - Instrument, Borrower shall puy the prcmiums requiral to muinwin thc monguge insurunce in effixt. If, for uny reusun, the
<br /> 6'�' �'` mortgage insurance coverage required by Lender lapse�or ceases to be in effect, Born�wcr shull puy �he prerniums reyuireci m
<br /> •=-�•-_��- - r•�. �, obtain coverage substuntiully equivulent to the mcmb�ge insuruncc previously in effect, at a cost subs�untiully cyuivalent w the
<br /> . .. . cost to Borrower of the mortga�e insurance previuusly in effect, from un altcmute mortguge insurer approveJ by l.ender. If =.
<br /> _ p��• � substantially equivulent mongage insurance coverage is not uvuiluble,Burrowcr shull pay to l.cnder euch nwmh u swn cyual to '_
<br /> _-� � �� one-twelfth of the ywrly mortgoge insurance premiurn bcing paid My Borrowcr when thr intiurancc rnverugc lupx��!ur reuKd tii =
<br />_=� be in effect.L.cnder will accept,use and retain Ihe�c payments us a los, rcxervc in licu of mortgugc in�uroncc. Lo�� rc�crve =
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<br /> ` , Fam 3028 9/96 -
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