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<br /> �� �� 9?- 1073�'6 �,:.
<br /> . ' ' �oaN No. 0 1 5 9 2 O 1 9 0 6 �.
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<br /> AA Insurance policies and renewals shail be acceptable to Lender and shall include a atandard mortgage clsuse. �
<br /> Lender shall i�ave thn right to hold the pollcles and renewals.If Lender requlres,Borrower shall prompUy gNe to Lender
<br /> '�''��� n�surcance canpe and Lender.Lender maynmake pr�oof of loss if not made pr mpU by Borrower.Pt notice to the =_
<br /> Unlesa Lender and Borrower otherwise agree in writing,insurance proceeds shall be applled to restoratlon or repaIr _
<br /> _ of the Praperty damaged, ff the restoration or repalr Is economically feasible and Lender's securiry is not lessened.If the
<br /> restoratlon or repatr ts not economically teasi6le or Lender's security would be lessened,the insurance proceeds shall
<br />. � � be appited to the eums secured by this Securfty Instrument,whether or nat then due,wfth any excess patd to Borrower.
<br /> If BoROwer ebandons the Property,or does not answer within 30 days a nottce from Lender that tho Insurance carrter —
<br /> has oitered to settte a claim,then Lender may cdlect the Insurance proceeds.Lender may use the prxeeds to repafr
<br /> " ` or restore the Property or to pay sums secured by this Security instrument,vuhether or not then due.The 30-day period
<br /> -, . will begin when the notice ts given.
<br />- �;.w:;' Unless Lender and Borrower othervirise agree in wrftUg,any application of proceeds to princtpal shall not extend or
<br /> -�`�'.���%�•�' � postpone the due date of the monthly payments refenecl to tn paragraphs t and 2 or change the amount of the
<br />.�`.;.��;x:_.��-., paymerits. If under paregreph 21 the Property Is acqutred by Lender,Borrowar's�Ight to any insurance policles snd
<br /> �' �.�*t�,�r proaeeds resuiting fram damage to the Property prlor to the acqutsftion sfiaH pass to Lentier to the extent of the sums
<br />=��,,''�*�x� securod by this Security Instrument immediately prlor to the acqulsition.
<br /> _ �::_�.;. .:
<br /> � d.Occup�ncy,Pre�ervatlon�Maintenance and Protactlon of the PropsRy;BoROwsr'i Loan Applicatlon;
<br />��,,;w�,r;�' L�aqhold�. Borrower shall occupy,estabUsh,and use the Property as Borrower's prfncfpal reskience wfthin sixty days
<br /> aiter the execution of thia Security Instrument and shall continue to xcupy the Property es 8orrowers princtpal
<br /> .;�, resldence for at least one year sfter the date of occupancy,uMess Le n der o therwise agrees in writtng,whfch consant
<br />'.���;+��� shall not be unraasonably wfthheld,or uMess extenuattng circumstanceR exist which are beyond Borrower's contrd.
<br /> -�-�:� Borrower shall not destroy,damage or impatrthe Property,allow the Properry to deterforate,or commit waste on the
<br />__u;�,����;,, propeny.Bonower ahall be in detauit H any fodelture actton er proceedtng,whethar chrU or c�iminal,Is bepun that fn
<br /> �:.,;�,,,�:� Lende�'s flood faRh judgment could result(n torfefture of the Property or otherwlse materially Impafrthe Iien created by
<br /> _'_.�� thts Secutity Instrumer�t or Lender's security iMeres�Borrower may cure such a detautt and reinstate,as provided in
<br /> =;��;;�� paregraph 18,by causing the acdon ar proceeding to be dismfssed wlth a ruling tF►at,In Lender's good iafth
<br /> - ,F;�,. determinaiuon,Preciu�iiro��'�eiturs af itss Sarra�::�r's lntsr�[n tt�g Pr4^e�4Y or nther mgtertal Impafrtner�t of the Ilen
<br /> �•�* created by this Security InstrumeM or Lender's security Inter9st Borrower shall also be in default ff Borrower,durtng the
<br /> =:,t�k,� .,. loan appiic�tion prxoss,gave materiallyialse ar tnaccurate Infom�ation or statemeMato Lender(orfafled to provide
<br /> t g but not Itmfted to,
<br /> - Lender with any materlal InformaUon)in conr+�ction wRh the loan evidenced by the Note, ncludin ,
<br /> 4� representationa concemtng Borrawer's xcupancy of the Properry as a p�Incipal residence.If this Security InstrumeM Is
<br /> -- he easeh�old endt he fee tt��ahalrl nM�m ge unles�s Le der grees o the'merger(new it(ng�rea fee tiNe to the Property,
<br /> 7.Prot�ctton of L�nd�r's Rl�Ms in th�Prop�rly. If Bo►rower faGs to pertorm the covenants and agreements
<br /> contained In this Securlly InstrumeM,or there fs a lepal prxeeding that may sipniflcanUy affect Lender's dghts U the
<br /> -----_ Property(such as s prxeeding In bank�uptcy,probate,for condemnatlon or forteRure or to enforce lawa nord Lender'B
<br /> reputatlons),then Lender may do and pay for whatever is necessary to protect the value of the Property
<br /> NDMs In the Property.lenders actions may include paying any sums secu�ed by a Iten whiah has priorfry over this
<br /> Security Ins�tn�ment,appearing in couR,paying reasonable attomeys'fees and eMering on the Property to make
<br /> � repalrs.Although Lender may take actton under this paragraph 7,Lender does not have to do so.
<br /> -� My arnour�ts disbursed by Lender under this paragraph 7 shall become addfttonai debt of Borrower secured by
<br /> -:�� • this Sacurity Instrumer�t. Unless Borrower and Lender egree to other terms of payment,these amouMs shall bear
<br /> �-�.-`� IMerost ftom the date of dfsbu�semeM at the Note rate and shali be payable,with tnterest,upon not�e irom Lender to
<br /> —'•'�� Bort'o�wer�equestln0 PBY�nt.
<br /> -- - -_= 1!.IlAort����Insunnce. If Lender requlred mortgage insurance as a conditlon of making the loan sacured by this
<br /> - Security InstntmeM,BoROwer shall pay the premiums requlred to matr�tain tNe mortgage Insurance in effect.If,for any
<br /> --- reason,the rtwKgage Insu�ance caverage requi�ed by Lender lapsea or ceas�s to be tn effect,Borrower shall pay the
<br /> ,��s premlums requtred to obtain crnre�age substantiaily equlvalent to the mortgage insurance previously In effect,at a co�t
<br /> substant(alty equfvelent to the cost to Borrawer of the mor�gage insurance prevtously U eii�ct,from an aitemate
<br /> — � mortyage insurer approved by Lender.If substanilally equhraleM moRgage Insurance coverage is not avaAable,
<br /> _---- gcrrower shall pay to Lendet each month a sum equ�l to one-tweifth of the yearly moKgage Insurance p�emium being
<br /> ______-= patd by 8orrower when the tnsurance coverage lapsed or ceased to Ce in effect.Lender wUi accept,use and retaU these
<br /> --_ - --� paymeMs as a loss reserve tn Ileu of mortgage Insura�ce.Loss reserve payments may no longer be requfred,at the
<br /> --'._��,�:�� opttan of Lender,N mortgage Insurance coverage(in the amount a n d f o r t h e pe r i o ds that Lender re qutres)provided by
<br /> = � an Insurer appro�ed by Le►xler sgafn becomes availabfe and is obtafned. Bonower shall pay the premlurt�+s required to
<br /> �;�-.���?,., matntain mortgage insurance In effect,or to provide a loss reserve,untll the requlrement for mortgage insurance ends
<br /> ° '�x;�•• in accordance wfth any written agreement between Borrower and Lender or applicaWe law.
<br /> ��;,;�+,�;�.�:, :. p�ct po pe Lender
<br /> � � � sha11 gives�orrower notle atthe ti e of or prlo to anans npection specifying reasonable cause foht e�pe�otion.
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<br /> - •+��'���- _ ' �w�n�nv�_mue�teC�Y1iV�FAW/FNIYCIINIFORYIN3TRUTAENT FORM30289/80
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<br /> ``.JF��� ISR/CMDTNE//0792/3028(9-901.� PAGE 3 OF E � , . ^'°_-- - -
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