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<br /> pc�i�xlw thut l.cnder reyuirca. 'The insurnncc cuni�r praviding thc insurance shull bc chosen by Boaowcr subject to l.ender�s
<br /> approval which Rhull nat bc unrcntianAbly withheld. If Aorrawer fuils to malntain caverngc descrlbcd ubovc,Lcndcr may,at
<br /> Lcndcr�optlon,nbtain caverngc tu protcct L.endcr w righ�9 in thc Property in accardunce with parngraph 7•
<br /> All insuruuc�policies und rencwul:;sh��ll be acceplable t�Lender and shnll include a suutdcrd mortguge clause. Lender _,
<br /> ahnll have thc right ta hald the palicies and rencwals. If l.ender requirey,Borrower shall promptly glve to Lendcr aq receipts
<br /> of pnid pr�miums and renewal natices. In the event of loss.Borrower shnll give prompt nodce to the insuranca carder und
<br /> Lender. l..endcr may makc proof af loss it not made pramptly by Borrower.
<br /> Unless Lender and Barrower otherwise Agree in wrlting.insurnnce praceeds shull be applied to restorntion or repair of
<br /> the Property damuged, if the restorution or repalr is economically Feasible and Lender's security ls not lessened. If the
<br /> rcstorntton or repuir is not economically fcu.siblc or Lender's security would be lessened,the insurancc proceeds shall bc
<br /> applied to the sums securcd by this Security Instrument,whcthc•r or not then due, with uny excess paid to Borrower. If
<br /> Borrower abendons the Pcoperty.or dces not answer within 30 days u nodce from Lender that the insurance carrler has
<br /> offered to settle u claim,then Lender may collect the insurance proceeds. Lender may use the proceeds to tepuir or restore
<br /> tha property or to pay sums secured by thls Securiry Instrument,whether or not then due. The 30-day period will begin when
<br /> the nodce is given.
<br /> Unless Lender and Boaower othenvise Agree in writing,any applicAtion of proceeds to principal shull not extend or
<br /> pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chnnge the amount of the paymenu. If
<br /> nnder paragroph 21 the Propeity is acquired by Lender.Borrower's right to any insurance policies und proceeds resulting
<br /> from damage to the Property prlor to the acqulsitton shull pass to Lender to the extent of the sums secured by this Security
<br /> Insuument immedistely pdar to the acquisidon. ,
<br /> 6. Occupancy, Preservatian, Muintenance and Protectlon of the PropeMy; Borrower s Loan Appltcatton;
<br /> Leaseholds. Borrower shull occupy,establish.and use the Properry as Borrower's principal residence within sixty days after
<br /> the execution of this Secur[ty Instrument and shall continue to occupy the Property as Borrower�principnl residence for at
<br /> least one year after the date of occupancy, uniess Lender otherwise a�'ees in writing. which consent shall not be
<br /> unreasonably withheid,or unless extenuatu►g circumstances exist which an beyot�d Bornower's controi. Hoaower shall not
<br /> destroy,demage or impair the Property.allow the Property to deteriorate,or commit waste on the Property. Borrowar sha31
<br /> be in dafault if any forfeiture ncdon or proceeding,whether civil or criminal. is begun thut in Lender`s good faith judgmcnt
<br /> could result in forCeiture of the Property or otherwise matcrially impair the lien crcated by this Securlty Insuument or
<br /> Lender's security interest. Borrower may cure such a default and reinstate.as provided in paragraph 18,by caustng tha acrion
<br /> or procxeding to be dlsmissed with a rnling that,in Lender's good faith determination,precludes forfeIture of the Bonower�
<br /> if+t�:rs:ir thc Pro�rn; or ottt�r:^.eie*+�l Itngas�Pnt of the licn created by this Security Ia�atrument ar L.ender's security
<br /> Interest, Borrower shall also be in default if Borrower. durMg the loan applicarion pracess, gave matertaliy faise or
<br /> inaccurate lnformauon or statemente ta i.ender(or failed to provide Lender with any materlal infottnarion)in connectIon with
<br /> the laan evidenced by the Note, including, but not limited ro. representations conceming Horrower's occupancy of the
<br /> Property as a principut residence. If this Security Instrument is on a leasehold.Bornower shall comply with aU the provisions
<br /> of the lease. If Borrower acquires fee title to the Property,che leasehold and the fee Htle shall not merge unless Ltnder egt�ees
<br /> to the merger in writing.
<br /> 7. Protectton ot Lender's Rights tn the Property. If Borrower fails to perform the covenants and agreements
<br /> containecl in this Security Insavment. or there is a legal proceeding that may sigmficantly uffect Lender`s rights in the
<br /> Property(such ns n proceeding in bankruptcy.probate,for condemnatlon or forfeitun or to enforce laws or regulations),then
<br /> Lender may do and pay for whatever Is necessary to protect tha valus of the Property and I.ender�rights in the Property.
<br /> Lenders actions may include puying uny sums secured by u lien which has priority over this Security Insmiment.appeanng
<br /> in coutt. paying rcasonable attomeys'fees nnd entcring on the Pcoperty to make repa[rs.Although Ixnder may take action
<br /> under this paragraph 7.Lender das not have to do so.
<br /> Any amounis disbursed hy Lender under this parngraph 7 shall become ndditional debt uf Borrower secured by this
<br /> Security Inshvment. Unless Borrower and Lender ugree to other terms of payment.these amounts shaU bear interest fcom the
<br /> date of disbursement ut the Note rate and shull be payable.with interest,upon notice from Ledder to Botrower requesting
<br /> payment.
<br /> B. MortgAge Insurance. 1f Lender required mortgage[nsurunce as a condition of inek�ng the loan secured by thia
<br /> Security Instrument. Borrower shall pay the premiums requlred to maintain the mortgege inst�cance in effocG If, for any i
<br /> reason, the mottguge insurance coverage requlred by Lender lapses or ceases to be in effect. Borrower shall pay the
<br /> premlums tequired to obtaln coverage substantinlly equivalent to the mortgage insurance prev�ously in effect. at a cost ;
<br /> substantially equivalent to the cost to Borrower of the mortgage insurance prevtously in effut,frora an alcernate moctgage �
<br /> insuror approved by Lender. Tf substandally equivalent mortgage insurunce coverage is not s�vailable,I3orrower shall pay to ;
<br /> I.ender each month a sum equal to one-twelfth of the yearly modgage insurance premium being paid by Borrower when the M
<br /> insurance coverage lapsed or ceased to be in effect. Lender will accept.use and retain these payments as a loss reserve in lieu
<br /> of mortguge insurance. Loss neserve payments may no longer be requind. at the option of I.ender,if inertgage insurance
<br /> coverage(in the amount und for the penod that Lender requires)provided by nn insurer approved by Lender sgain btcomes ;
<br /> available and is obtained.Borrower shall pay the pren►iums required to maintam mortgage insurancc in effcc�or to provide a
<br /> loss reserve,until the requicement for mortgage insurance ends in accordnnce with any written agoeement between Borrower
<br /> cm[td Lender or applicable law. •
<br /> 9. Inspection. L.ender or its ugent may make reusonuble entries upon and inspecdons of thc Property. Lendcs shall
<br /> give Borrower nodce ut the time of or prior to nn inspection specifying reasonable cause for the inspecdon.
<br /> 10. Condemnation. The proceeds of any award or clnim for damages.direct or consequential,in connecdon with any
<br /> Single Family--Frnnk MpelFlreddk Moc UNIF'ORM INSTRUAlENT--Uniform Covenants 9/90 (page 3 ojb paRes)
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