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<br /> perloaa�n,u Lender re�{ui�e•. 71��u��P�'����ab Inw�nce.n.n be�naen by eorrower wl�e«a L«�aar
<br /> �pprovv whkh�II not be unroa�o�ub�y w�IdJf�ld. It Hurrower t1�lb w mdnuin covors�e de�cdbed�bo�w.Lw�d�r�y.�
<br /> Loederti optfon,obt�in coven�a to protect Lendarti dYhu in the�rty in�cco�d�nce with p��ph?.
<br /> All i�uuranco policiei and renowd��h�ll be�able to �nd shdl inelude��paulard ma�ye cl�u�e, Leoder �
<br /> ahWl twvo�he ri�ht to hold ifro poUcias u�d nnew�is. �f Lender roquirc�,Borrowor shall Exu�npVly�ive to Lender�II ceceipb
<br /> � of p�id promiumr and�e�eewal noticea. [n Ua avent of lou,Bamuwor�hdl�ive prompt nolbe w the insunnce c�trkr and
<br /> ..�.,.��.—,�.
<br /> Gender. Lender may make proot of toea if not mub promptly by Borrnwer.
<br /> Unlau L.eMler+u�d Borrower whenviso agma in writing.insurance proceeds shall b�op�lied ta rcstoration or rep
<br /> � the Property dama�ed. iP the rest�atlon or rcpair l�economic�lly feaiible�nd LendcrT�txurity lt not le�set�d. if the
<br /> �toratjon or rcpair is not economfcally fe�ible or Lat�dorb exurlty would be lew�ened.the Guuruice prncxala�lull be
<br /> ; applfed to Ihe sums socurcd by tfifs Sxurlty Instnuaent,whethcr or not then duo. w(th any eaces�p�id to Borrower. IP
<br /> Bormwer�bandona tha Property.or daes na an�wa wlthin 30 dayc a notice from Lender tiut the in4unnce carder du
<br /> offercd to senle a claim.then Ler►der m�y cdlect the insurance proceode. [.eader may use the procads to rcp�ir or rc�Wro __
<br /> the Property oc�o pay sums secut+od by ihis Security inslrument,whather or�rot then due. The 30�day poRod will be�in wden
<br /> �t�e notica la givcn.
<br /> Unlaes l.ender end Borcower othetwise ag�+ee in writL�g.any applicatlon of proceeds to ptinclpal shell not extend or
<br /> postponc the due date of the monthiy paymente rofemed to in puagraphs t and 2 or chaztge the�nount of the payments. If
<br /> � under pangraph 21 the Property is acquirc�l by Lender.Bormwerk right w any insurance policles and p�oceeds resulting
<br /> from damage to the Property prjor to the acquisidon ehall pass to l�ender to the extent of the sums securcd by this Security
<br /> Instrumont Immaliately prior to thc acqui�sition.
<br /> 6. Occupa�cy� Preservation, Maintenance and Protectbp ot the p'roperty; Borrower'o i.o�n Applkadon; .
<br />° - • l.ea.�ehold�. Borrower shal!accupy.eaiabllsh.and use the Proporty as Borrowerk principal residence with�n sixty days after —__
<br />_ ��;�'� the execution of this Security Insuument and ahall continue to accupy tha Propetty as Borrowerb principal residence for at
<br /> ��;: least one year after the date of nccupancy, unless I.ender otherwlso a$rces in writing, which cansent ahall nat be
<br />`.��: • h �''�F unreasonably withheld,or unlesa extenuating circumstances exiet which are beyond Borrower's control. Horrower shaU not
<br /> .r:��> ��%`� destroy,damage or impair thc Properiy,aUow the Property to deter�orate,or cammit waste on the Property. Borrower shall
<br />�:�'•i�. '{�'� I be in defauU if an forfeltute action or roceeding.wfiether civll or crlminal,is be un�hat in Lender� oad failh ud ment
<br />•`'�t;�, �``t'{` could result in forfelture af the Properpty or atherwise mater3ally impair the lien created by ihis Secudty Inetn�ment or
<br /> • �'i�,.
<br />' �'�r � � '� l.ender's secur�ty interest. Borrower may cure such a default and roinatate,as provided in paragraph 18,by causing the actipn
<br /> ..' •' �' '{1,rF or proceeding to be dismiased wlth a ruling that.in L.ender's good faith determination.precludes forfeltum of the BortowerS�
<br /> ;if}t';.�. ,.y � interest in the Proparty or othar matedal impairment of thc lien crcated by this 5ecur�ty Insirument or Lenderk security
<br /> %��'".::�";a; inte�est. Borrower shall also be in default if Borrower, dudng the loan applicatlon process, guve materially f�lse or
<br /> ��� }� inaccurate information or statements to Lender(or failed to provide Lcndcr with eny matesial information)in wnnectian wlth
<br /> - ''"�...t
<br />-- �T '`• 1he ban evidenced by thB Not6. including,but not limitad to, reprcsentationa conceming BomowerSs accupancy of the
<br /> - ----�,��t'• I'rope�ty ax�pri�ufpa!midesxe. if shis Seear�ty Instn�meM ia on n k�ncr.lu�ld,P�rn►wPr chnll��xnply with nR thP prnviAi�►nA
<br /> ,;(p�.,.;�.�• ; of the leu�e. If Borrower ncqui►es fee tide to the Propeny,tho leaschold and thc feo tiUe ahall not merge unless Lender agrce�
<br /> • .4T���;�,•�; , lo the merger fn wridng. � �__
<br /> :�-.��:,��. ,:-;,:.' � 7. P�otectbn u�L.ender s RlRhta in the !'roperty. IP Borrower foils to pedorm the covennnts and agreements
<br /> T.,°•." •'- • I contuined in U�is Sctiurit Instrument,ar there is a legal praceeding �hut may significAmly affect Lenderk rights in the
<br /> •�e.0��iJQ�knF^"_w. y
<br /> ..r°;•. ; ;.��.- � Propcny(HUCh ax u pnxceding in b:�nkn�ptcy,probalc,for candemnu�ion or fadeiturc or tu enforcc lows or rcgulations),then
<br /> '��: '�•���:•`� '• ��• I Lender may do and puy fi►r whutever iw necesaury to protect the vulue of the Property und LendarR righte in the Property. —_
<br /> '.y��;��:.,.��� i l.ender�uc�ionA moy include puying uny sume r�ecurcd by u lien which hns priority over this Secu�ity Instrument.oppeu�ing —
<br /> fn couR,paying renwnablc nttam�y�'fees ond ent�ring on Ihe Property to make rcpair�. Although Lender may tuke action
<br /> ', " ' •�� ``•" undcr�hiK pur.�grrph 7,4ender docs not havc to do sa,
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<br />= :E�,�ri,.,,�,,.. .,�,,,; � Any amounts dixbuned by L.endcr under this paragraph 7 sbnll bccome additionnl debt of Borrower secured by this _
<br /> ___ . _ ._ Secur�ry In.r•Irument. Unlcns Borcower und Lender agrce to othrr tertns af payment,ther,e amounts shull bear interest from thc
<br /> dute of dirbursemcnt at the Note ratc and shell be payable,wilh interest,upon notice from Lender to Barrower requeating �°~.
<br /> • ..., puyment. �,
<br /> � � 8. Mortgage Insurance. If Lender requi�d mongoge insurance ac u condition of muking the loan secured by this �
<br /> -` ..�, Securi�y Instrument, BoROwer shall pay the premiums requ�rcd to muintain the morigage insumnce in effect. lf, for any �:-=:
<br /> ' r, '�, reuson, the monguge insumnce covemge required by Lender lapses or ceuses �o be in effec�, 8orrower shull pey the --
<br /> , . • � " premiums required to obtain covernge substantialiy equivalent to Ihe mortgage insuronce previously in effect. at e cost �
<br /> :+'', ° xubstAntiully equivalent io the cost to Borrower of the mortgage insurance previaurly in effect,fmm an aUemute morlgage �YL_a�
<br /> Q''
<br /> • intiurer approved by Lender. If substuntially cquivulent mongngc insurunce cavcrage is not uvailable,Bonower shall pay to n+�l
<br /> .•��:��. Lender each month a sum equal to one•twelflh of'the yearly mnngage insurance premium being paid by Borrower when the '
<br /> y: �?�•:?'�!�;';';. insurance coveroge lup�ed or censed to be in effect. Lender will uccept,use nnd retain these puyments as a lo�s reserve in lieu
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<br /> . ;,s.�.,,;• of martgage inzurunce. Luss reserve pnyment� mny no longer be required. ut the option of Lender,if mortguge insurance �.�__
<br /> '-��"`- � coverage(in the nmount and for the period�ha� Lender reyuires)provided by un insurer upproved by Ixnder again becomes
<br /> ' Ah' avuiluble and is obtained.Borrower shall puy�he premiums reyuired lo maintain mongage insurance in effect,or to provide a
<br /> �`�'�"� I loss reserve,un�il the reyuirrment for mortgage infiurance ends in uccordunce with any wriaen agreement between Barower �`^
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<br /> and Lender or upplicuble luw. ��,:
<br />�i ,a. 9, inspection. Lender or its agent moy rnake rcu�onublc entries upon und in.pections of�hc Propr.ny. Lender shull
<br />__ give Borrower notice ul tltc time of or prii�r to wt ins�xrlion xpecifying r�asonuble rause f'or the inspection. .
<br /> � 10. CondemnAtion. Thr procceds of uny uwurd or cluim I'or dumuge,.Jirect or ron.eyuentiul,in connection wilh Lny
<br /> 5ingle Family•-FrnnkMnelFreddk M�e UNIKORhf IKtiTRfMF:\T--Und'urm Curcnani, 9/90 (�u,.��.t��)'n�,e�sl
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