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<br /> ; � Pedod�tiW,l�ader roqulre�. 7'h4 ltuueanco c�urler provldln�the buurmoo dull be chaen by�onowm wbject to Lea�darM
<br /> �+provd whkh�hall not be unrca�an��b1Y MridiheW. �t Bartnwar t�W w tmintain cove�e de�aibed above.l.erwleu as�y��t
<br /> L.endtrti option.obuln covan�e w protah L.aidorti d jhu in d�e��,rty in�ccotdante+with p�n�taph 7.
<br /> All inwrance policiq Ntd renew��11 be�puWe to ind�hall lncluda a stand��d mart{�e clwae.l.awkr
<br /> �h�ll h+rvo the d�ht to hold the policies and�enewal�. if t.ader roquinei�Barower�hall Promp�Y�ive w[.ender all raceipu
<br /> of p�id promium��nd m�ewd notloe�. In the eveat at lw+�Barower�h�ll�ive prompt notice to tue lawranoe cani��ad
<br /> l.aider. L,cider may make prooP of lo�s it nd mado promptly by 8atower.
<br /> _ Unless t.ender u�d Barower od�ervrise+�ree in writ�n�, iiuurancep►�ds aFull be appiied w re�toratian oc re�ir af
<br /> thc�dana�ed. if tha rc�tonuion or repair is aca�anic�lly fa�i6le And Lcnderb recurity is na lekened. tf the
<br /> rcswmt on or��epair is not ecaiomically faasiblo a I.end�rti �ocurity wauld bc lasiened.the insunnce proceedR�hall bo
<br /> applied w the ewiw txured bY thir Security 6tsuumenb whGher or not�hen due.wllh�ny excess p�id to Bairower. If
<br /> Bamwer�Mndona the Pmperty. a.doa�rari anewor within 30 d�ys a notice from L.ender th�t the iawrmoe cartier he�
<br /> - --- _ _ � , offe�ed w xttle a clan.tl�ea Leridar may coUect Uw inwr�nce Droceed�. Lerder mpy uso the proceeds to rcpair a restorc
<br /> ' U�e PropeRY or to pay swne cccw+od b5►tlii�3aucity Inetruma�t.w6e�her or not ihen duc. 7he 3U�day penod wiil6eph when .
<br /> the notjce!s given.
<br /> Unlcss Len�ier wd Bor4awcr ott�erwlsa�ee in writing.�ny�pplic�ion of procads to principal ihall not extend a
<br /> postponc thc due datc of the monRhly paymente�fened to in pvagap6a 1 end 2 or change thc arnount af the paymcnta. If
<br /> under paragnph 2l the Pr�arty is wcquircd by LRnder.Borrower�+right to any insurance policies ond procoeds Rsuldng
<br /> from damage to the Property prior w the aoquisitlan shall p�to l.ender w the extent of the sums�ecwrd by lhis Security
<br /> .. Insaumenc immedlately prior w the�q ulsit�on.
<br /> 6. Occup�ncy, Preaerv�tloa. M�inte�ance ad Protectbn ot tue Property; Barower's Loan AppYcadooi
<br /> _ - L,e�sehold.�. @oirower shnll a�cupy,establish,rnd uxe thB Pr�arty a.e Borrowerk principol�+e.vid�nce within sixty d�ys efkr
<br />- the eaecu�ian of this Securiry L�st�ument and ehall continue to occupy�he Property As Botrowei�principal residance far at
<br /> least one year after tha date of aocup�ncY, unlass Lendar othervvic� �gnxs in wridng, which consent shall not 6e
<br />- unrcasonably wl�hheld,or unless eatentuiting ci�umstances exist which are beyond Borrower�s conttol. Bmrower shall not
<br />-- desuoy.darnage or impair the Froperty.allow the Property to deterioraie.or commit waste on 1he PmpeAy. Borrower shall
<br /> be in dafault if any forfeitwe�on or procading�whether civil or crimin�l. is begun that i�Lender's good fa�th judgment
<br /> could result in forfeitune of the Pivperty or aherwise materlelly impair the lien created by this Security Instrwnent or
<br /> � I.enderh secur�ty intercst Borrower may cure such a default wnd reinstale.as provided in paragraph t8.by ceusing tk acdan
<br /> or proceeding w be dismiased with a nding that.in Lender�s good feith detrnninuiun,procludes forfeiture of 1he Bomowerk
<br /> interest in �he Property ar ottrcr nwterial impairment of tl�o licn c�eated by this Security Instrument a l.ender'§security
<br /> interes� Bomower shall also be ln defeult if Bomower. dudng the loan application process. gave matedally f�lse or
<br /> ." inaccurate information or statements to Lender(or feiled to provide Lender with any mate�ial informaQon)in connectlon with -
<br /> " 1he loan evidenced by the Note. including. bu[ not limited to. reprcsentat�ons conceming Borrowerk occupency of the
<br />_ _ - P.i�c�ty as��i�icipei residence. !f thss Security Insnu�ssi is ots a kascl�old. Sotrowcr shall cwtiply with ali tt�e�rovisior�
<br /> a
<br />- of the lease. If Borrower ecquircs fa title to the Propcny,the leosehold and the fee title siwll not m�rge unless Lendcr agrees
<br /> .�. Tw to thc mergcr in writing.
<br /> . �r�, 7. Protertion of Leader's Rights in Ihe Prop�rty If Botrower fails to perform the eocrnaa�s and agrcernents
<br /> .i:��...,..
<br /> • ' � �� t••":F�, � conluined in this Seeurity insuument, or therc is u Iegal prnceedin�that may significantly affect Lender's righw in tha
<br /> .� •:+.y.��,� .•ti• � Property(such ac a proceeding in bunkrupicy,proba�e.for condemnation or forfeitun or�o enforce laws or rcgulntions).then
<br />_ .. . `"w,a �i'� Y PAY �Y P Pe Y Sh P� Y
<br /> '�� Lender mu do and for whntever is neces to rotect the value of�he Pro rt and Lender's ri ts in the Pro rt .
<br /> ����,,:;.,_:: .; Lenderk uctions mny include paying any sums secured by a lien which has priarity over this Securiry Instrument,appearing
<br /> �.' � �' in court,paying reneonnble attomeys'fees and emering on 1hc Praperiy to make repairs.Althuugh l.ender may take action
<br /> "'� '�' � `�' under this paragmph 7.Lender does not have to do so.
<br /> `�`"�" " ""`�"`" Any amounts disbursed by Lender under this puragruph 7 shall become additional debt of Borrower secured by�his
<br /> �,,�,;,,,,_,_. _ Security Instniment. Unless Borrower and Lender ugree to ather terms of pnymem,these umounts shall bear interest frorn the
<br />°= • � • - �'� date of disbursement at the Note rnte and shall be payable,wilh inkrest.upon notice from Lender to Borrower rrques�ing
<br /> •.�fe:�.�wu..,.. ..•�,,•
<br />- ,�,,.�v�,r�..� . • paymem.
<br /> ,_ , . S. Mortgage InsurAnce. If Lender reyuimd rrwngage insurance as u condi�ion of making the loan secu�+ed by this
<br />, .;,,;. � , ..� Security Ins�rument,Borrower shull pay�he premiumx reqared to muintain the monga�.e inxurance in effect. If,for any
<br /> � ' te�son. the mongage insurnnce coverage rcyuired by L.ender lapses or cease, to be in effect, Borrower shall pay the
<br /> :'�.:;' . premium+ required to obtain covemge substentiully eyuivalen� to the mongage in�urunce previoucly in effect, at n cosl
<br /> ' • � substuntially equivnknt to the cost to BoROwer of�he morlguge insurunce previously in eff�ct,from an altemate mortguge
<br /> insurer upproved by Lender. If sub�anlially equivalent mongAge ingurance coveruge is not availuble.Barower shaH ps►y to
<br /> Lender each month a sum eyua!tv ane-twelfth of�he yenrly manguge insurunce premium being puid by Borrower when the
<br /> = in�umnce covemFe lap,ed or ceased to be in effect. l.ender wil l accept.use and rctuin these puyments us u loss reserve in lieu
<br /> ����� � � of mortgagc insurance. I.osr rcserve paymemn muy no longcr be reyuir+ed,ut�he opticxi of Lender,if mortguge insurance
<br /> `�"""'' ' coverage(in the amount su�J for the period thut L�nder reyuires)provided by:ui insurtr approved by Lender aguin becomes
<br />- __ :;� availuble and is ubtuined.Bornowcr shall pay the prcmiums reyuired to maintnin monguge imurrnrc m etfect,or to piovide a -
<br /> ,,�... ,�' � loss re:;erve,unlil the r�yuirement for morlFage insurance endc in accord;uice with uny writtrn agreemenl6etween Borrower
<br /> - Q�, ,:. und Lender or applicable I;�w.
<br /> � 9. InspecNan. Lender or its agent muy muke reasonuble entries upon and inspec�ions ef the Property, Lender shnll -
<br />- ` �' give Borrower notice at the time of or prior to un inspection specifying rcasonuble cuuxe for�he inspection. -
<br /> l0. Condemnetbn. 7'{te pmceeds nf any uwnrd or claim for darnuges,dirrct or conseyuentiul,in connection with nny
<br /> Singlc Family-•Flmnk Mce/FYeddte MacU1NhUA��I;�STRI�MEVT••Unlfum�CovenaM. 9190 i�,¢r.3��Ie�uc�+i
<br />.. 4s. frent lalex Rmmenu Fann.la■ �
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