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<br /> 97- i�,�»�►
<br /> All insurance policies and renewals shall be acceptable to T..ender and shall include a standard mortgage clause. l.ender
<br /> •shall have the right to hold the policies and renewals. If Lender requires, Bnrrower shall promptly give to Lender all
<br /> receipts of paid premiumF and renewal notices.ln the event of loss, Borrower shull give prompt notice to the insurance
<br /> currier and I,ender.I,ender mey make proot of loss if not mada promptly by Borrower.
<br /> Unles.q[.ender and Hottawer otherwiseagree in w�iting,insurnnca proceeds shnll lx�applied to restoration or repair of
<br /> tha Property damaged, if the re.9toration ar repair is economically,feasible and Lender's security is not l�sened.[f tha
<br /> restoration or repair is not economically teasiblo or I,ender's security would be lessened,the insurance proceeda shall bo
<br /> applied to th�sums secured by thia Security Inatrument, whather or not then due, with any excess p�id to Borrower.If
<br /> Ii��rroa�cr abandons the Property, or etnew not enewer within 30 dnya a notice from I.ender that tha iiisurence carrier has
<br /> oifered to sattle a cinim,then l.ender may coll�ct tha insuranco proceeda.I.endar may use the proceeds to reFair or restora
<br /> the Propetty or to pay sume secured by thia Securlty Inatrument,whether or not then due.The 3o-day pertod will begin
<br /> when the nntice is given.
<br /> Unles.v L.ender and Horrawer othorwiso agreo in writing,any spplicntion�f pr�xee�ie to principal shall not extend or
<br /> post�ne tha due dato af the monthly paymenta referred tn in pare�raphR 9 end 2 nr chenge tlie amount�f the paymen�s.lf
<br /> under pu�ugrAph 21 the 1'ruJx�rty ir+acyuired by I.ender, Iiurrowere riRht a�any insurance,M�licirs end ptnceeds r�.sulting
<br /> tmm demugtl t�i thn 1'roperty rrior tu tha e�yuiE�ition Nhall �a m l�:nder t�� thC Cxte:nt �,f the eume secured hy thi:a
<br /> 5ecuricy Instrument immedietnly priar tu the acyuinitian.
<br /> 6. �)ccup�ncy�, Nronerv�tiun, M�intonanco �nd 1'rntecdim ��t the 1'ruperty; Hurruwer's l.c��n Applic�tiun;
<br /> I.easah��IdA. Hnrrowrr ehxll �wcupy,estn6l(Rh,nnd�� tha 1'ru�xrty ee Hurn�wer'a principel �e9idence: within Aixty deys
<br /> nttnr thn nxreuti�in i�t thie tic�:urity Inntrumont md ehdl continun to�x:cupy thn Pr�►p�erty ee H�rrawer's principai rrsidenco
<br /> lur at leaat�►nn yr�r etter the d�te ut cx:cupancy, unless I.ondar othnrwine agrer,� in writing, which cone�ent shall nut be
<br /> unreae�unehly withholJ,ur unic:w+extenuating cucumRtanc�oxi9t whioh arn Iwyund Horrower's umtrol. Borrower shell not
<br /> dr.�truy, Jema�a o►•(m{ssir tho Property,all6�the Property to doteriorate,�r r,ommit weste on tha Property. Borcower
<br /> Rhall ba in Jetault i�any torielture nction or proceeding, whether civil or crlminel, ie begun that in Lender's good faith
<br /> judgment could reault in forfeituro oi the Property or otherwise materially impeit the lien created by this 5ocurity
<br /> Instrument ar l.ender's securIty interest. Boreower may cure such a default and reinstate,es provided in paragraph 18,by
<br /> causing the action or proceoding ta be diemissed wlth a ruling that, in l.ender's good fnith determinetion, prxludes
<br /> torfeitura of the Borrower's interest in the Property oi•other material impairment ot tho lien created by thls Sxurity
<br /> Instrument or L,ender's socurity interest. Borruwar shall also be in default if Borrower,during tha loan application procesg,
<br /> gave materially false or inaccurate iniormati4n or statemants w L.ender (or failed to provide I.ender with suy rnateriel
<br /> information) in connection with thc loan evidenced by the Note,including,but not limited to,representations concerning
<br /> Aanower's occupancy of the Property as a principal residence.If this Security Inatrument is on a leasehold,Bbnower shall
<br /> comply with ell the provisions of tha lease.If Borrower acqui res fee title to the Property,tha leasehold and the fee title
<br /> shall not merge unless Lender agrees to the merger in writing.
<br /> T. QsaLsct:oa oi Lsndzs's R3�h*_� i� t�e Property. Ii Borrower fnils to perform the covenants and agraments
<br /> contained in this Security Inetrument,or there is a legal proceeding that may sign�ficantly affect Lender's rights in the
<br /> Property (such as a proceedtng in bankruptcy,probate,for condemnation or forteiturtl or to enforce laws or regu�letiot►s).
<br /> then Lender may do and pay for whatever is necessary to prouct tha value of the Property and Lendar's rlglnts in the
<br /> Yroperty.Lender's actiona may include paying any sume secured by a lien which hes priority over this Security Instrument,
<br /> appearing in court,paying reasonabla attomeys fees and entering on the Property to make repaira.Although Lender mey
<br /> take action undar thia paragraph 7,L,ender does not have to do so.
<br /> Any amounts diabucsod by Lendet under this paragraph 7 shall become additional debt of Borrowor secured by this
<br /> Seaurity Instrument.Unless Borrawer and I.ender agree to other terms of payment,these amounts shall besr inurest from
<br /> the date of diabursement at the Nots rau and shall be payable, with interest, upon notice from L.ender to Borrowcr
<br /> requcsting payment.
<br /> 8. Mort�a=e Iasurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br /> Security Instrument,Borcower shall pay the premiuma required to maintain the mortgage insurance in atfect.If.for eny
<br /> reason, the mortgage insurance coverage required by Lender lepses or ceases to be in affect, Borrowor shall psy the
<br /> premiums required to obtain covenge substantially equtvalerit to the mortgage insurance previously in effxt, at a cost
<br /> substentially oquivalent to the cost to Borrower ot the mortgage insurance prev�ously in eftect,trom an alternats rnortgage
<br /> 9naurer approved by Lender.Ii eubstantially equivalent mortgago insumnce caverage ia not available,Botrower ehall pay to
<br /> Lender each month n sum equal w one-twelfth of the yearly rnortgago insurxnce premium being paid by Bonownr when
<br /> the insurance coverage lapsed or ceased to be in effeat.Lender will accept,use and retain these payments as e loss reservo
<br /> in li�u of mortgage insurance. L.oss resorve peyments may no longer be roqiiired, at the option oi I.ender,it rnortgage
<br /> insurance coverago(in the amount and for the�eriod thnt Lendar requires) provided by an�nsura approved by Lender •
<br /> again becomes evailable end is obtained.Borrower shall pay tha premtums required to maintain mortgage insurence in
<br /> affect, or to provide a lnss reserve, until the reyulroment for mortgage insurance ends in accordence with any written
<br /> agrcement between Bonower and Lender or applicable law.
<br /> 9. Inspection.Lender or iis agent may make reasonable entries upon and inspxtions of the Property.Lander shall
<br /> give$onower notico at the tima ot or pr�or to an inspectlan specifying nasoneble cause for the inspection.
<br /> Pnge 3 0}6 Foem 9A2i 9190
<br /> — CMORT3/NECMT3 8574060
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