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<br /> 91-105524
<br /> perioda thut L,ender requires. The insurance ca�rier providing the insurnnce shell be chosen by Borrower subject to L.endarR
<br /> approval whlch shall not be unreasonably wilhhcld. If Barrowcr fails to maintain coveragc descdhed abovc,Lender may,wt
<br /> ' Lender�s option,ahtein covemge to protect Lenderh rights in�he PropeRy in accordance wlth psuagraph 7. �._
<br /> All insurwice policies and renewals shall be acceptable ta l.ender and shall include a stundard mortgoge cluuse. I.ender
<br /> ahsll huve the dght ta hald!ho policies and renewals. If L.endor requires.Borrower shall promptly give to L.ender all receipt�
<br /> of paid prcmiums and renewul natices. ln tha event of loss.Bnrrower shall glve prompt notice to the inaurance curNer ond
<br /> — l.ender. Lender may make proof of loss if nat made promptly by Borrower. —
<br /> � - - ' Unless Lender und Borrower otherwisc agrc�in wriung,insunuKe pra:eedK shall be applicJ to rc:starutian or repair af �=
<br /> _ the I�roperty damuged, if Ihe reatoration or repuir is economicully fea�ible sind Lender is secu�ity ix not lesaened. If thc
<br /> _ restaration or repui�is not econamically feusible or L.enderk �sccuriry would bc leasened,the insurnnce proceedK xhull be
<br /> applicd to the eumx secured by ihia Secu�ity Ins�rument, whether or nix�hen due, with any exress puiJ �u Borruwer. If
<br /> Borrowcr abanduns thc PropeAy,or daes not on9wer wi�hin 3l1 duyx u noticc fmm l.ender that �he insuruncc carrier has —
<br /> _-= offered to setpe a claim.�hen Lender may collect�ha inwurunce praced+, l.ender muy u�ce the prcxec�W�o rcpuir or mxton: _
<br /> __ _�___ , �he Piropeny or ta pay xums Recurcd by this 3ecurily Instrumcnt.whe�her or not�hen due. The 3U-day period wlll bcgin when
<br /> the nntice ix given.
<br /> �.� Un1eAS Lcndcr und Barrower otherwine ugree in w�ilfr.g,uny uppllcutian oi praccA:dx to principul xhull nut ex�cnd nr
<br /> - -_� poxtpone thc due datc of the mamhly puymema referred to in porugruph� I und 2 or chunge�he umaum of tha puymcntx. if
<br /> under purogruph 21 Ihe Prnperty is acyuired by Lender, BoROwcrk right ta uny inr+urunce policics ond pracecdx rexulting �,
<br /> from damugc to thc ProFx:ny prior ta the acquixition shull paxs to l.cndcr 10 the eatent af the sums r�ecured by thfa Securily
<br /> �� � —_=J Inetrument immed�ately priar to�he acquis�itian. _ _ -
<br /> ___,,,� 6. Uccupancy, Preservptlon, Maintenance and Protectlon oP the Praperty= Borrower's Loan Applicadon; _-
<br />---- --=� Les�sehold�. Barrower shal!occupy.establish,i+nd ur,e the Rnperty us Bartnwer K principal residence within sixty days ufter __
<br /> the execution of thia Secu�ity Insmiment ond shnll cantinue la occupy the Pro�x:ny us Borrowerx principUl residence for at
<br /> leuxt one yewr after the date of accupancy, unless Lender othenvixe agreox in writing, which consent xhult not be
<br /> -_�ar�:..:v:k.� unreavannbly withheld,or unless extenunting clrcumatunces exist which urc beyond Bormwer�control. Borrowor shnll not
<br /> destroy,danagc or impair Ihe Property,allow the Property ta deteriorntc,or commit watite on the Property. Barrower shull =`=-
<br /> —__s�,� be in defuult if any forf'eiture actlon ar praceeding,whether civil or criminal,is begun that in Lenderis good fai�h Judgment ��-
<br /> could result in forfeiture af the Property or otherwine materlully impair Ihe lien crented by this Security Ins�rument or
<br /> ="'_��%:� Lenders security interes�. Borrower mny cure xuch a defnult und reinstute,us provided in parngraph IS,by causmg the uction �y:
<br /> :;� or proceeding to be dismissed with n ruling thnt,in Lender?s good fui�h determinutian,precludeti forfeiture af�he Borrower� ���
<br /> -�:��,.� interest in the Properiy or ather mate�iul impuirn�ent of the Ilen creuted by ihis 5ecurity Instrument or Lender� tiecuriry �-_
<br />__ __m��,,;,;;,� interest. Bottower sholl als� be in default if Borrower, during the loun upplicntion process, guve materfally fulse or �_ _.
<br /> inaccurate informution or statemen44 to Lender(or fniled to provide I.ender with uny muterial informution)in cannection with
<br /> �-�_=��-'� �he loun evidenced by the Note, Including, but not limited to. representutions concernin� Borrower�c occupuncy of the =_
<br /> ��� k.. i'ropeny as a principui rc�idntrce. if tiii,Se�urity instrument is on a lea�:eholcl.Borrower:hs!!comply wflh a!I the provici�nc �
<br /> __,.__�• of the!ea�ce. If Borrower ucquirex tee tiUe ro the Pmperty,the leuschold ond the tee tiHe shull not mergc unlesx Lender agrees _
<br /> to the merger in writing. �s.
<br />�� °''�'��. 7, P�otectlon oP I.ender's Right4 In the Property. If Bcxrower fAilz to perform the cavenunt� und ugreements s
<br /> �• ,�r�� contuined in this Securfty Intitrument, or there is u legul procceding thut muy significuntly affec� Lender; rightti in the
<br /> . ���1��Y-�` R Property(such ux u proceeding in bankruptcy,probute,for condemnution ar forfeiture or to enforce Inws or regulutions),then �'`
<br />:�:_,:=.,t a "'
<br />��!�:.�,�,a�',;°, ' Lender moy do and pny for whatever is necessury ta pmtect the vulue oi the Praperty und Lender+rights in the Propeny. �
<br />+��:�.�:� Lenderk uctionx muy include payfng uny sums secumd by u lien which hux priority over this Security Instrumen4 appeu�ing �
<br /> °�""` „���%.�ti `• in court.paying reaconublc uttorneys'fec,und cntcring on the Property to mAke repain. Although Lender muy take ucdon =--
<br />;:�,�__�°�: ..
<br /> -.-- ' under�his puragraph 7,Lendcr dces not hnvc tn do so. ��•
<br />� t:,,'�':II� 1 Any umounta disbuned by Lender under thi� purogruph 7 shull hecumc udditional deht of Borrowcr secured by thi� �,T-
<br /> �t'�°°�y"-�'�`�% Sccurity Instrument. Unless Borrowcr und Lender ugrce to oiher tennr of puymcnt,lhese umountti shall hcur interest from the �
<br /> .a�a�,�,=w date of disbursement ut the Note rutc und xhall be puyuble,wilh interest,upon notice from Lender�o Borrawer reyuexdng �'+��;-
<br /> �:7'.A�.,F:fG�..1�"1. �.-'._
<br /> :,A;�.. payment.
<br /> °�'•"—••_='.= S. Mortga�e InsurAnce. If Lendcr requircd mortgagc insurunrc us u cundition of muking�hc loun secured by this ��t,.
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<br /> ,u•��`'" Security Instrument, Borrawer shull puy the premiums required to muintain thee mnnguge inxurunce in effect. If, for uny [�:=:
<br /> `�"'^�-_�-- =- rea.r•on, the mortguge inxurum:e coveruge reyuired by Le�xicr lupses or ceuse� to l� in effect, BoR��wer shull pny �he
<br /> ��:r '""' premiums required to obtuin rover�ge sub,tuntiully equivulent tn the mungugc insuruncr prrvinusly in effect, at a cust �'�
<br /> '��°' � subsumtially eyuivalent ro the ca+t to Bormwer of the m�mgi�ge in+uruncc previau.r•ly in effect,frcxn un aUemute mortguge �'�
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<br /> �■�����:. insurer upproved by Lender. li'substuntiully cyuivulen�mortg:igc insurunre ruveruge iti not uvailable.Bomiwer zhull puy to W:__
<br /> �:��=�,,,;�,.,�,� Lender ench mon�h n sum equul to onc-twclfth of�he ycurly mortgu�tr in.uruncc p�cmium tx:ing p•rid by Borrower whcn thc
<br /> ?�� F�;�.,�•� insurunce coverage lup.sed or ceused to he in effert. Lender will iirccpt,u�e unJ retuin thr,e puymentx uz a loxz re,erve in lieu �--
<br /> �`�7��� � of mort u e insurunce. l.oss rexervc u mrn�.mu no lon��r Ix rc uircd, ul thc o wn of Lendcr,ii'mon u e insuruncc
<br /> •,r:i'��_;,�y,al.-`i ';,.. S B P Y Y 6' 4 M� R 8 _
<br /> -�4_ .�:-.._• 6 coverage(in the umount and i'or�he periocl thu�Lrnder r�yuirc.)provideJ by un insurcr uppmved by Lender uguin bccomes �
<br /> ��r uvuilublc und ix obtuined.Borrawcr shull ps�y the prrmium+rcyuircd tu muintuin mongn�c rosurunce in ef'i'ec�,nr�o pnwide u ■��,
<br /> yT�.•,.y, .a'..�"•'
<br /> loxs reserve,until d�r requiremen[For mon�u�e in�uruncr end.in arcorduncr with uny wriurn iigrcrmcn�hetwecn Borrower ■$ir:
<br /> ,;+�x ' �� -^ � und Lender ur upplicublc luw. �
<br /> ��t:..:�i..: 9. Inspeclion. Lender ur i�s agrnt mc►y muk�m�i,onahlr rntrirs u�x,n nnd inx�xrtiom uf�h� Pn�perty. Lender shall �;.;.
<br /> -• • give Burrowcr nMicc:�t thc timc of nr prior lo un in��xcliun x{kcifyin�t rru+onuhlc cuuu tiir thr in+�xrliix�. E�-
<br /> , . � 10. CondemneNon. The pnxccd�ul'any:�wurd ur rl:iint tiir dumage�. dirrcl or ci�mcyucntiul.in a�nncr�i�m with uny ►`,;..
<br /> .. Sin�lr F�wnfly-•Funnlc�fuNF�eddlr�Iwc U\IFlIR�1 I\ti"I'RI'�1M:Y1'..UnUum�('u�.uum. 9/90 qM�¢r.t uJ��/r,�c�•..� t' ,
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