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<br /> = periuds tI�xt L�t�de*n�cluires. 71�e lasuraaoe cazriar pravid'mg the insucance ahal!be cteosen by.Ba(ro�er subject to Lender's
<br /> �ppmvd which slwl{ad 1x un�asonabiy witl�held [f 8aumwer fails tn maintain covrrage described,afwve.i�ender may.at .
<br /> �. i,endec's optioq,obtain cavernge m protect l.ender�rights in the Praperty in acconlance witii Qaragraph 7. � , ,
<br /> — Ail i�suranoe policies and reners�als shalt be accsptabie to I.ender artd sltali include a standard mo�tgage clause. Let�der ,
<br /> = shall havSe the right to hotd tlt�paticiss�d tenewals tf Le�Mer�uires.Bocniwer'shalS Qromptly give to Lender ali rxcipts
<br /> of paid prrmi�nns aad nnewa!notices. in the event of toss,Sorrower shnit give pmmpt notice to thr insur.tnce carrier and�
<br /> Lender. Leader may malce pt+nof oi lass if not made promptlY by Bomnwer. `
<br /> , Ua2ess Lender and Bmrower othenvise agrce in writing.insw�nce pnoce:eds sha116e applied to�estoiation or regair of
<br /> - - the i'mpertg daussged,if thG testorsiian ar t�ir is economicaBy feasibis and LxnOer:s�ecurity is not�e�sened.. If the .
<br /> cestoratian or repair is not econamicaLty.feasibte or l.ender's security wout4 be lessened,the insurance prflceeds�shalt be
<br /> _- applied to tbe sunss secvred by this Security lnstrumen� whether or not�:et►.dae.w�ith any excess paid to Borro�xer. If
<br /> Borrawer abandons tIie Prope�t}�.or does not answer wiihin 30 days a notir:e frnm Lettder that the Insurance carrier has _�
<br />--- offered to settte a claim,then Lender way col�ect ttze iasur,uice proceeds. L°.nder may use the praceeds to mpair or restore
<br />-� tbee Prope�ty or to pay sums secured by this Secariry Instrumen�whether oc nat then due. T6e 30-day period will 6egin whan
<br />_=�=` • thc notice is givea
<br />"=r Uniess l.ender end Bacmwer otherwise agree in writing,anY apFlicati�rrt of proceeds to principal shall not eatend or
<br /> ;�r"� postpone the due date of.the montWy paytrceats iefern�to in paragaghs 1 an�k 2 or change the amaunt nf the payments. If
<br /> , .'�E,;, � under paragraph 21 the P�apeity is ucqvited by l.eader,Busowec's a�t to any insurance policies and pmceeds resulGng
<br />-`-•-:� fc�n.dumage to the Property priot to the acquisitian stealt pa�s t4�.ader to ttu�eatent of the sums seeured b}t�is SecurIty�
<br />--�.: .
<br />��-�`t Inssrument immediately priar ta the acquisitian. _
<br /> � , 6. Oecupancy. Preservatl�. Matnteaanc� amd �sm�flt t4�Propeart�; SosraRer's ta�n�Applic��tfon,
<br /> t :::�,. TirmselwM9. Borrmvee shall uccopy,.estahlish.and use*�['t��ecty ms T3nrcavrer's pr,�,�al r+e�dec�ce�within sixty days after
<br /> tfe-eaecutian of this Securit}�1nst�ument aad shall coa[i�c;e to occapy the A?�erty as Eorcowers�ipa!nesidence for at —
<br /> G�t one year after tht date of accupancy, unl�ss ��cr atherwise ag[�es in writing. v��� cc�nsent shnl} not be --
<br />� - ait�asonabiy witLheld,or onlesg extennaring circumst�ia�exist which aze h�yond Borrower's co;suol: Harr�g�er shail not -- ---
<br /> �`� �y.damage or empair the Prapecty.allow the Frop�a¢v rA deteriorate.oc.cammlt waste on the Frepertp. ��rower shall
<br /> . �� : be�in defauti if any forfeiture acEion ar proceeding,wh�t�tivil or crimina�:is begun that in Lepder�s govd�s judgment
<br /> - coutd result aF forfeitima of the Property or othecwise�a:eeially i�ie�tl+.e lien created by t€�es 5�,.�i}•�-�ment or
<br /> l,ender's seecsai��az fiateres� Bormwec may eure sueh a de�Failt.and ceir�s^�a5�provided in paragrapn�R,���'"�the aetion , �=
<br /> � • .. es proceeding�be dismissed with a ruling tha4 in Lcrder's gaod fai�r,deter�feinaaon,pcecludes f�rFera...c€�.�Borrower's
<br /> �-��-
<br /> •, • irLerest in the Property or�ther mazeri�l impairment�f��e lien created b�;this Ss�,:.uity fiu-u�*.w�n;:ai�,�:s�.�:s secority �u�,;rY^::.
<br /> • �enesY. Borrowec shali.a�sr� be in default if Borreu��durin� th� laam�appli�.��n praeesc. ga:-���=.�.y false or �T'-_-__-
<br /> . � �`inaccurate information ar statements to Lender(or faile�tm provide Lertder.witb any materia!infarui.-t�s�ra:L•r..ctian wit h ��?�-'=-—
<br /> �'�•��t: . ����.,..-
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<br /> %.�s;� ' the laan evidenzed Ay the Note,including. but nat]imited to, re��n�ilions conceming Brr+:.���s�i����ancy of the ,���-,,.
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<br /> � Froperty as a principal residence. (f ihis Securiry Instrum�nt is on a le�.�hn'r�Barrower shall cc-n3�w;�*w.��+•.';��fOY1510tIS �#'��;�-_-
<br /> _ , ":`of the►ease. If Bormwer acquires fee tir3e fo the Proper�,�,the Ieasehuld unr�'the fee 4�1�shaf I rtc�t�tc_ ;i.:�G�:�3er'agrees � '�=;
<br /> ��_
<br /> �� , tn the merger in wdting. ` • - ., ; ; ��_--
<br /> 7. Protection of I.end�r's RigFacs�n the Prip�ruy. If Borcowcr.Pails ca r�wi`:orm the c�s�,.��.,ts���eemen�s ��--.
<br /> � , contained in this Security .3nsuumen� ar rhere is a i�aS proceeding.tF..�l.may significantly a.�`�� 7:ender:c:,;;n�s in the —�:,�. -°•
<br /> >>�:• -.;._ �'{,� Property(sac�sa:procee�ginbankr•.�pt�apro6a[e.farwndemnntu3n�r.forfeitureortoenfore�z:wsorregulations).then '•�'�'�`:�::
<br /> '�"� I.ertder may dm�a3 pa�f�s u•ltatever is.necessary to pratect the value�Q��the Property and Ler3�r*:rights in the Pmperty.: ' ,:,<<,.;�=���,��-;_....
<br /> � '''��' , - ��� . Lertder's actions ma inc.��ia �7n ar� sr�ms secured b a lian which hus riarit aver lhis 5eca_:..r Instrument,a rin -1.,: • �• �
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<br /> • '� ' F'� in court.paying reasonab3�a:�orney.s'fees and entesiag an the Nvpotty t�make repairs.Althaugh.�ender mau calce action ��'=j;�f.. ��'�`' ��'��=
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<br /> � �' underihis paragrnpb 7.l.ender does not bave to do so. , •�1�•;�, .
<br /> • � - � My amounu disbursed by Lertder under this par:�graph 7.hall�b�came additional debt ef�ssower se�ared by this . ,., ���
<br /> - �;; �' . Securiry Instrumen�. Unle�:s Burro�ver a�d E�ender agree to ather terrns o!'�ayment.these amourns�:;�.bear interes!from the � `'�-�-
<br /> `•`";; date of disbursement ut the Note rate und ci::all he payabtu,witB:nter�se:upan nvtice fram[.e;.�;�y's��Borrower requesting =�.."`• . -
<br /> � �- payment. . : . . .:;
<br /> �' "' S. Mort�age Insuranc� If Lendes z�ired.r�r�agc in�:urancc as a condition of making ie lo�s:yr:urzd by this •� ' •"�`�
<br /> `�r:,,��:- Seeurity lnstrumen�.Bnrcower shali Qay�he�ren��rcn<cequired to ms�intain the martgage insura-.c�:.::t e��.�.c. t�for any �� . � . • .
<br /> `'~�� mason, the inortgage incurunce coverage Teqnired by i.endar lap;�.4:or ceases to be in effect. �...au�s.•ti��,:l pay the .�. � �
<br /> ' �'"�` • premiums re;;weffec!ta obtain cover�e sc:Fss.antially equivalent ta th�r-�agage insur.mce prel.7c+�fy in effec�, at a cost � ---
<br /> � , '�� suhstantially a��aivateM to the catit to f3n�:u�er oi ihe mortguge in:arua::previo�srTy in effecr.f^'r',an altemate mortgage . ,.
<br /> � • insurer approved by Lende�: Ef sub:i.�tea.�_v equivztrr.r rnortgi�ge in�urunce coverw���.��not uvai(a"s7e:Hoaower shall pay to �:,:_'• �.:
<br /> , � � Lender each manth a�um• �c-1 to one-�u�:;h a5 ih�,�::�`: mangai e•insurance ��:.:n bein aid b Borrotit�e when the �s�;��_. :��'�0`�
<br /> �"2"- Y II FI' �• S P Y T �,J�. .
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<br /> ' t�' . insuranee wverage lapsed or ceased to be in effect. I�dc�wil!uceep�,.use and retain:;�ese paymcntc ati a los.r r:s�rve in lieu ;4�y,�,�,- :
<br /> of martgage insurance. I..��sy re.r•erve pa;�r::4�tc may no lon�er b�required,at the aption af l.c^��t.if martgage inaurance f`�'}' �� �� '� =`
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<br /> • :� '`�'"�;�tt:� . coverage(ln the amaunl und far the per.o�Ehal Lcnder reNuir��.l Qra'nded by an insurer appro�3i"+:c Lender again becames ' �. ::_.-
<br /> � f��` "' ' avpilable and is obtairted.B�rn��ver�haU pay Ihe prcrniums req�ain;d-ia m.�intain mortg�ge in�ur.:��:=:�effcct,or ta provide a � ' ';-=:�:.
<br /> -.-�.�:�'� � � . ••�x,::
<br /> . ... e:�':,�= loss reserve.until the rcyuirement fn�mart�;uge insuranec e�xly in�rucardance with any written uL��a-rent between Bnrr��wcr
<br /> • �;k�:= �.�, : 'F_ and Lcnder ar applicable laH•. . �
<br /> �-'�'- � � 9. Insp¢cHon. l.cnder or its agem may make reuumuMc entries upnn and inypections c��•u��Praperty. l.cnder rhaU ,
<br /> '' � ?' &ive 8orraver notice at the tim:of or prinr to an in,prction rpe•t ify ing rri��onahie cause for the i n.q:::u��n. . '
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<br /> . . ��M. , � .�r 10. Cvademnatiun� The prucred.af s�ny awarJ��r daim fc�r��;m�7ges,dt1CCt��T cun��4ui:;•�r::i'.in canneetian with an}� •
<br /> �;,' • .' Sir.3te FamOv-�F'annie�1•re;YrcddieSlar C11bi)A�f 1�tiTR1'�1F.�7'--L''�r,;e-.C�r:�::.:ntti 9,'90 qk��e?�,f/�pu,;c.i :� .- , .
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