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<br /> . � �93- ioSS�02
<br /> pedode th�t Lender requfros. 9ro inRUt�uioo cnafer provlding�he lnsu�nce eh+dl be chcx+en by Bixmwer�ubJect la I.anderk
<br /> �pprov�l whioh�hall not be unroacnnAbly wi�hheld. If Barowar f�il�to maintain caver�e dexvibed above.l.eeder m�y.K
<br /> Lrndorlc aptian,oblufn cover��a ta pmirct Lendcri�rl�hts in tho Propehy in�ccardwkro wi�h panAmph 7.
<br /> All insurance policlen and renowala sMll be uccept�ble to I,ondc��nd shdl includo��Iwndani m�xt�r�n claure. l.cr�der
<br /> - -------= ehall havo thc right to hnld ttie pnlicies qnd rcrkw�ls. If l.endor reyui�x,li�rmwer�hall pmm}Nly gi�c ta L.ender all rocri�ta
<br /> of pald pttmiums�nd renew�l naice.v. In�ho cvent of lors.Homawcr shall Qivo pnwnpt nWi�ro ta Ihe in�u�nco carrie�uid
<br /> 4en�kr. l.ender moy mekc proof nf la�if n�►t m�cle prc►mp�ly by Bum►wcr.
<br /> - � ---�'— Unle�s Lsndcr�nd Bcxruwcr wiunvix++gr�r ln wridng,in�ur,u�ce pracecds shall be appUed ta rcstam�fan or repair o[ ---
<br /> �he Propctty domaged. if the �eAlomtian or nepair ix cronomknlly kaFible nnd l.enderk r;ecurity ie nat las�ned. If the
<br /> reatamtian or ocpuir is not economirally fcasihle ar Lende�k sccu�ity would bo lecsenod,tho insumnce pmcGedx �11 be
<br /> applied to the Rume securcd dy thia Secu�i�y In�stn�ment,whethcr or nw then due.with uny excass paid ta Borrower. If
<br /> __� Barmwer nbandonR the Propcny,ar daes M�t anawer wlthin?Nl dvyx n nciticc fmm Lender thut the in�umnco carrier hav
<br /> ofFe�d�o seple a claim,then Lender may collect the insurunce proceedx. lxnder may ur,e the proceede�o repair or rextorc
<br /> — ' �ho Ropctly or to puy sumK xa�:ur�l by Ihir S�xurRy In��ruman�,wh�lher��r�wt U�n dw:. The 30Kluy par{at wiil iwgin wi�u
<br /> --- _ ` -° _'- Ihe naticc is given. --
<br /> Unless L.ender und Borrower otherwl�se agree in wri�ing,Any npplicutian of'proceeda to principnl shall not extend or
<br /> — postpone the due date of the monlhly puyments rcfemed ta in puragrnphs I and 2 ar change!he umount of the paymems. If
<br /> under psuagraph 21 the P�+nperty is myuired by Lender,BorrowerR�ight to uny in�+urnnce policies and praceeds rrsulling
<br /> -- from d•rn�age to the PropeRy pr�or ta Ihe ucquisilion shall puRS to Lender lo�he eatem of Ihe xums securcd by IhiK Securily
<br /> Inwrument immediaaely prfor to the arquisition.
<br /> ...:�, 6. Occupnucy, P�eservAtion, Mpintewoce aad Protectiu� ot tl�e Property; Borrower•R Loan Appllcation;
<br /> - Lease6olds. Rornawe�shnll occupy.eslabli�h,and u�e d�P�uperty as&xm�wer�prineipul�esidence wi�hin six�y days uPter
<br /> -'r �• the execu�ion af this Securiry Instrument and�ball cauinue w ocrupy�he Prapeny w Bwrowe�l priacipal residence for ut -
<br /> .�;'•�� least one year ofter the date oi occupancy, unless Lender otherwise ugrce+ in writing, whKh cansrnt shall not be
<br /> �r"'� �1'- umrasonably withtield.ar unkss extenuating circums�ances��xist which nne heyond Bomnwer ti c�nuol. Bortower shall not
<br /> J..�j'I'� —_...
<br /> . �' ��.� •�1��+� destroy.dumage or impair the P'roperty,allow the Prapen� Ru deteriorate,or cornmit wasle on�he PropeAy. Bomower shall
<br /> . be in defnult if uny forfeiture actian or proceeding.whether civil or criminal,is begun thut in Lender's good fiuth judgment
<br /> :,. •, , .•a', , could result in f�orF�iiure of the Prapeny or nthenvise muterially impair the lien creuled by this Security lasuumem or
<br /> ' `' Lenderk securitr interesl. Borrav►�er may cure such u defuult And reinsvtu�r,as provided in paragraph 18,by cAUSing the ac�ion --
<br /> =���':�'�', ' " or proceeding ta t�e dismiFSed«ith a ruling that,in LenderE good fnilh de�e�ninution,precludes forfei�urc�ithe Bomower's
<br /> r'�")��;:�;;,
<br /> 1'�`t���•� iattia�ect in the Prupeny or other muterial impnirment of the lien creAted By this Security Ins�rument or l,ende�t .ecuri�y
<br /> '` �y�`� intere:t. Borrawer shall also 6e in defuul[ iP Borrawer, during the loun upplication procesti, gnve mnterially �alse or —"
<br /> - ' '� inarenrate informmion or statements to Lender(or fuiled to provide Lender wi�h uny muteriul information)in cannectian with
<br /> Y 1r : .
<br /> - ,..,,��, the loan evideneed by �he Note. including, but not limi�ed to, ►epresentn�ions canceming Barrowrry occupancy of the
<br /> - `�r,�r;.,;.�i;��r};�, �'�'S""„Y"�"rnnoi�+.Zl m�cidence. IP thiK Security Instrument is on u leusehold.Borrower shall complv wilh ull�he Qrovisions
<br /> `�` of ahe lease. If Borrower ucquires fec litle lo the Pmpehp,�hM:leasehold ond the fee tilk shall nat merge unless Lender pgrees
<br />_ ' ..� ,.�.:,,.,�� �
<br /> �.�' ';;,.:��,:.;:;% '�:: to t�e merger in writing. i��-
<br />'..tr � . � .,�•..' fl��'ii�;_,����''n�, s
<br /> :�,�, .:�j,.,! , .., . ; 7. Proteclion ot l.ender a Righ�� in tbe Proper0;�. ]i Bormwer fnilz lo pe�iorm thc covenants and agreements
<br />- , -,, �r';'��.'..� �';�:�'•::���� contained in �his Security Instrumem, ur there is a legul prncecding thnt muy significAnNy affect Lender's rights in thc
<br /> ",;;: l.:,;':,.:h,, ' '; Property Isuch n�si proceediog in bunkniptcy�,Frobate,for condemnution or farf'ei�ure or to enforce Ira s or r+egulations►,�hen _
<br /> - � �� Lender may c!o s�r�d pay for whAlever is necr+.ary to protect the vuluc ol th¢ Property und Lender's rightx in the Propeny.
<br />- � .� .,- '. '` :" ' Lender:s actions noay include paying uny sums secured by u licn which hus prioriry over this Security lnwlnimem,appeuring
<br /> •• ,.;'.. � ` . . in coun.pnyins rea9onable o��ornrys'fees und entering un �he Praperty ta muke repuirz.AUhough Lender mny take action _
<br />-� ' '"'��` "�` � "'•� ' under this parnRrnph 7,Lcnder does noi huve t��do xi►. _
<br />�"- �'•` '�*'' ' °`` ° Any umounts disbuned by Lrnder under�his pur:�gruph 7 xhull hecome udditional debt uf Honawer securrd by �his
<br /> c�..::.:.+�;;:�.
<br /> =�•�� ����` Security Instn�menl. Unlesti Borrower und LrnJcr Lgrer to uthcr t�rni.of puymem,thc+c umoums xhall tkur in�erest from the
<br /> ,,� � � ' � dale of disbursement ut Ihe Note rule und xh+Ul be puyuMe, wi�h intercs�,upon notice fmm Lender to Barrower requesting
<br />'�-r�" .'��..,.:'�. • . paymem. _-
<br />�� � '"''' ��' � 8. Mortga�e Insu�ante. lf Lender�yuin:d mon�age imuruncr u.u condition nf muking the lonn serured by this
<br />"'� ''��'��`°`�.°'"_�=`' Security inslrument.BuRUwri �i�a11 puy �he prcmiumc rryuueJ �o muimuin ihr mongn�e in�urunce in eifect. Ii, t'or any `-
<br /> �`�. '�'�::� <<"'�'�p�:�`�•�`•� rea�on, the m�mcnge insuruncr coveruge required hy Lender lupse. or rraxe, tu he in cffect, Borrower shall puy the
<br /> ` `" ` ��' premiums required to abtuin crncrugc subsuimiully cquivAlent lo Ihc morteaFc insuranre previously in effec4 ut a cort --
<br /> �° • , . ° n� subtitontially eyuivuknt ta the coxt t�►Borrowcr of�hc nx�ngugc insurar.ce pnviously in cifect,fri�m un ullemule mohguge
<br /> ' , insumr upproved by LrnJer. If�ub.tumiully cquivalcnt mnrlgugr in+urancr r��veruge iti nrn available,Borrowcr shull p�y to �'
<br /> ,,�"'" ' n° l.rrader ecn:h munlh u tium equul lo onc-twrlfth ul'Ihc yrarly mi�rt�!ugc insuranr�premium Ix ing pnid by Borrower whcn the �_
<br /> '�. •: insurancc covcrugc lup.ed or rruud tu Ix�in rff'ect. Leniter���ill uccept,use und reiuin thr.e payments ax u loss reserve in lieu ___
<br /> ' , ,• ". _ti, of morlguge inxuronce. Lo.x rcurvc puymrnt�muy na lunger Ix:reyuired,al thc uption of Lend�r, if mong�ge in,urance --
<br />' '''` .. : covernge lin the umounl und for the periixl th,u Lender reyuin.)pmviikd hy un in.urcr upproved hy Lender ugain 6ecomes �_:
<br /> ,�_,,, `'�'�� ,,,. , uvailablc und i�ob�uined.Bam�wcr.huU p+iy the prrmium+rrquirrd�o muintuin mongu�:e insurunce in c(fect,or to provide u ��.
<br /> Inss re.serve,until�he re irement for n�n u �insur,�nce ends in urcordunce with un wriuen n reemem lx�ween Borruwer "Y'
<br />� � . ' , e �W � !�' Y F ��:.�;
<br /> d;�•. ��'.'rK. an�i Lender or npplicablc luw. ��'
<br />�;�+ ^�t,�? � 9. Inapecfion. Lendcr or ltx ngent muy muke rcu+onahlc emrirx upon unJ in>�xriEum��f thc Prnpeny. Lender shall ��
<br />;f.�+•�•", � �' '''' give Borrower no�ice at�he time of or pri��r t��:m in.�xrtii�n��xrifying rea�nnuhlc c;�ux for thc inxpection.
<br />�'� �;
<br /> , 10. Contlemnatlon. The pnxcrJs�,f.�ny uwurd or clnim tiir J:un.iFc�,dinr�or ranscyuentiaf,in cannection with uny
<br /> b.., - ' '�;��:', Singlr F�unily..FLnnle N�e/FYeddk Muc CNIfUR�f f�ti'rRl!�IEr'T-•t'ni(nmi Cn��anant. 9I9D �puA�•+,>r e�u.¢es�
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