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<br /> :. . . 96- 1�9533 ,�� . :_-_:,,<v _��;
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<br /> S.HpzArd or F'ropPrty Ensurance. Borrower shuU kcep die improvements now existing or hercafter erectcd on the Propeny
<br /> lnsaeed n�ainst loss by Cue, h�u.�uds includcd within e�e tenr�"oxtendcrl caverage" and any other hazards,inctuding floads or _
<br /> fleoding, for which Lcndcr rcquires tnsurencc.'rhis insurm�cc shaYl bc mednwincd in the nmounts and For thc periods that Lcrtdcr .
<br /> rey►sires.'Il►e insurance corrler providing the insurancc shall be diosen by Bortower subject to L.ender's approv�l which sh�f!rtot
<br /> � tw unrcassonably withheld. If Dorrower ftails to maintain covcrage describe,d above, 1..ender may, at I.ender's option, obtain =
<br /> coveraga co protect L�ender's rights in ihc Property in acc.ordau:c with p�agraph 7•
<br /> AU insurar►ce pollcies and renawaLs ahall bo acceptubb to Lender end shaU include a standarA martBaBe clause•Lender ahall �
<br /> , have the xi�ht tn hold tho policfes nnd renewals.If Lendcr n:;quires,Baaowcr shs11 Prompdy givc to Lendea all rcxetpts of paid �• _ <;
<br /> premiums and rene�'•�a1 nodces.In t1k event of loss,Boirower s1►all give prompt nadce to the insurfuice carrier iu�d Lender.I.ender
<br /> may make proof of loss if not made prampdy by Borrower. li��r����on or re air of the ,
<br /> ;;,,;,.�� Unless L.ender and Borrower ath�rwise agree in wridng,iasurance pmccedv shall b�e aAP p .. �:. ,.
<br /> „�r . tY� � �>%',•`3.;•,.�� �:�;7i'1?,'=.
<br /> property dnmaged.if the restomdan or repair is economicsUy feysible and Ler.der's scxui u not lessened.If the res►.otadon or �t•,. , •Ft`;,,•.�
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<br /> . repanr is not cxonomically feasible ar I.ender's security wnutd be lessened.the insuxanre proceeds shall be appucd to the sums :t::'i<<�•r};:;<:�';i.;f;.�,�'
<br /> : c ,:; sccured by this Security Insmuncsnt, whethce or aot then due,with any eacess paid tn 13orrower. If Barower absu�dons the ',i+S ;.,�*�, ?; >i�•.
<br /> .:' str�> :,4 Properry, ar does not naswer withln 30 days a noHce fcom Lender that die insurance carrier has offenad to settle a claim�then .;. ;�,,_,,: :: . `^�'`
<br /> • ' Lcnckr mny collect the insurnnce proceeda•Lender may uso the p��ds to rcpair or restore the Property or to pay sun�s secured •
<br /> t,n
<br /> by this Security Instniment,whether or not then due.'Itia 30-day perbd wil!begin when the nodce is given. • •+•�-�-----
<br /> Unless Lendex and Borrower otherwlse agree in writinB, �Y aPPlica�tion of procecds to princlPal shall not eatend or postpone ;;�
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<br /> • tha dae dato of the monihly payments refeired to in paragrephe 1 and 2 or changa the amount of the payrtients.If under paragraFh ;��:__°--
<br /> ' 7+ 21 the Praperty Is acqulred by L.cnder�Sorrowu's right to my insurence policics und pcecads resulting f�om damage to tho {�,.��,
<br /> r �P�Y prbe co�etie acquisidon sb�A pass w Lendu e.0 U�e cxro!+�t of ttus a�una sxuccd by this Sxurlty Instrumem immedlale7y ..�'�:':;
<br /> prbr W tha ocqulaition. ' �"—
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<br /> 6.(?a�cNpwacy�Praervatbo.Maiaknaaca�nd PrdectM►a o/the PropeKy; Borrower's Loaa ApPdcatloni 4auedold�. ,.�_
<br /> Borrower etwll os;cupy.establish� and uso Uw Propercy ar florrowu's princtpvl ecsiderice within siury daye aftcr tho cxxution of .�?="�-�'
<br /> :.,r'.r.+:
<br /> ,� �hla Sxcuity in�wmer►t wnd sh�ll continuc to occupy tho PmpertY a�eortower's princip�l rcaidence far at k,a�t a�o ycu after tho �.---
<br /> d�o ot nccupancy. unlcss Lcnder uthcrwiso egrcc.� in wn�1n8. whkh conscnt shall not bo unrcasonably withhcld�or un s
<br /> �—_;
<br /> oxienuuing cicciunatances Gxiat which are beyond Borcowu'9 wntrol. Hoxrower shall not destroy,damagu or impeir tho ProPertY�
<br /> ellow iho PropertY to deterioratc.or commit w�to on�he Propciry. Borrower shall bs in default if any forfefuua ecdon or ---_--
<br /> , procading,whether civU or Griminel, !s begun that in Le�de3's gaod faith Judgment could result 1n fodeiture of tho Pro[x+ty or
<br /> aherwise materiaUy Impair 1he lien crratcd by this Socurlty Inst:ument or Lender's sxuriry intuesG Horrower may curo such s
<br /> _ • ckfault and reinstate. as pmvided in pare�aph 18,by causing ttio acdon or �xocceding ta ba dismissod with e n�llng that,in .
<br /> . Lc+.uu's gcR,3 f:th d�is::Ss^..Z,pr^�.....1��f�.rf•;n�rP�f�he Bo�rowe,r's mterrsst in the ProP�Y or othu matulal impeimxm of }
<br /> the lien cresud by this Security Insvument a Lender's securiry intuest�ortowu st�ll aLso be in default if bomowu.dwdng the
<br /> "' loan ap�lic�tion process�Bs►va materially false or inaccurato inforaiuticxi or statemer�ts to Lender(or failed w pmvida Lenda with
<br /> . any mat�al information) in eonnection with the lostn ovide�ced by the Nou, including, but not Wniud w. representations
<br /> �. . concuning Boirower's oocuiwncy of the Pmpe.rty a�a principal resi6ence.If this Seciuity Ins�*tt is on a leasehold,Barowa
<br />- shall a�mply with all the provisions of the lease.If Borrower acc�vires foe dtks to the Pc+�peity,tho leasetwld aetid the fa @tle sha11
<br />-. . � , not muge unless Lcrtder agrces W the mergu in wridng. -
<br />�:a:�J.. ` ,i � 7.Phrotect�on a!Leader'e Rig6ts in the Propaty. If Barowa fails to(xxforne tho covenaats and agreunents contained in .
<br />�����•.,.;..;s;' this Security T�iaaumQnt,or th�ce ls a legel proceeding tbat may signifF�antly affect Lendu's r3ghts in tho Pmpacy(s«ch as a �J
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<br />�:���:;�r•��°: procuding a bankruptcy.prabate,for condcnu�auon or forfefare a to enforoe l�we or regulations).thcn Lender may do aad paY
<br />```���`„�.? . �, for whauver is necessa►y to praLect tho value of the Praperty end l.�a�der's dghts in the Proprcty.Le�►der's actiuns may includa
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<br />'�-.�.::.�",::` PaY�B any sums securod by a llen which has priority ovu t�is Secusiry Ins�ument, aPP�B � cou�t, PaY�B �bk
<br />;�;;:;�;���, attomcys'fees and entuing on t�o Property to m21c� reyairs.IUthough Lender may take action under thiv paragr�h 7,Le�der __
<br /> .ry;'�'��.,�,�' does not have w do so.
<br /> � --
<br /> -~-,�=�w T�'• pey emonnts disbiused by Lender unc�er this pacagreph 7 shall become aeidi�lonat daLt of Bo.;owar scc�mod by 9his See�:y
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<br />���.;�' . Inst�cumeriG Unkss Borrower and I.ender aRcee w other teims of payment, thes�. amo►u�ts shall bear int�rest from the date of --
<br />�C•��';
<br />�,'�.},�. , , ' dLsburseman at tiw Note rate and ehall be payable.with intertst,upon notice from I.ender W Borrowa reqt�esdnB Pey�nen� _
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<br />- ���, S.Mort�age Inauranee. If Lenskr nquired mortgage insurance s�s a condidon of m�ektng the loan secnrod by thls Securiry --- —
<br />=���?s. Ins�ument, Barrov�cr sha11 paY U►� A►timjums re9uired t° ma�nttin the mongage insurence in effect. if, for eny reason, t1�e
<br /> —+.��..f..t.
<br />= -.,�,_:t mortguge insurance coverage roquined by Lender lepses or ceases to be in effett,Bormwer shall pay tha premiums crcluued to
<br /> obtein covuage substantially equivalent to the mortgage insurance pcaviously ln effect,et a cost substentiaally equivalent to the
<br /> �� � oost to Borrawer of tho mortgage insurance previously in effec4�m �����ort�nge ins�rer epproved by Lenckr. If __
<br />°����' � s u b s t a n d�l l y e y u i v a l e n t m o r t g a g e i n s u r a n c e c ov e r a ge is not avaiL�ble,�arower shall pay to Lender each month a sum oqual to
<br /> l �,:..� one•tweL'lh o£tho yeasly mortgago insurancu premium being Paud by Horrower when the ins�nu►ce cflveiage lapsed or ceassd w ------ --
<br />� ' _ . � be tn effect Ltndr� will accept,use and retain these payments as a loss reserve in iieu of mortgage insurence. Loss raserve �.;:a._�;�.,.:
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