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<br /> , � p�Nod�Iluit l.ende�roquhw. 'iU.inauanoe awrwr provWin�tbe t�nuioe�hal�be cliooen by acnnwer.wbject w I.eaaerti
<br /> �pravil which�hall not ta unroawro�bly wiW�eld, !f Bamwr,�fdl�to nwint�in cave�a dorcribed ebove�l.wider aa�y.+�t
<br /> " L.�nder�optbn.obhin cave�s�e ta prote�K l.enderti rijlNs in 1he in�ccardanoe wUh�a{nph 7.
<br /> All inwanoe policia�nd ronew��11 be�ccepable to�yin�!dwll include�st�nd�id mortQa�e clw�a. L.a�der
<br /> �hall Iwvo tho rtQht to hdd tiw pn8cbr�nd rcoaw�. if l.emlcr roquircr,Bartower�hall promptlY�ive to Lender dl receipu
<br /> ot p�id promium�and rotbwv no�lca. In�he event of loa.Borrowor�II pive pnanrt notice w tbe insuwnoe aar�ier�ad
<br /> I.�der. L.ender m�y malce�roof af lo�e if nat msdc P�omW�Y bY Barowcr.
<br /> Unka L�ender u�d 8onowe�othetwl�ie��nee in wtitin�,lncuance ehall 6e applied w rawr�tbn or iep�ir oP
<br /> theP�ape�ty d�ma . if the �tor�tion ar repwir le ocoeomically f blo nnd Lenderh �ecuriry i�not tessened. If the
<br /> �e�ion a r is not xaeamirAlly fcwoible or Lend¢r�sxudty would be les�ened.tho insurance piocoods�all be
<br /> •pplbd ta the sums cocu�ed by thii Socurity InsUUO�ent.whetheu or iat then due.wlth any ezass pdd w Bortower. If
<br /> Bonower ab�ndons the Property.or daen nat�nrwer withln 30 d�ys a ndke irom Lender that Ihe iniwmce cartier has
<br /> oft'ercd to settlo a cl�im.�hen Lender may collect Ihe inauranno proceeda. Le�er mpy use the prooeeds to or restoro
<br /> thoPro�rty or to pay sums securod by�his Security Wtrumcnt.whether or not then duo. The 30-d�y period w 11 be�in when
<br /> �iie notfcc is given.
<br /> Unless l.ender ond Borrower othenvise a�+ec in writing.any opplicelion oi procade to pdncipal shall not eatend or
<br /> poatpone 1he due date of the monthly paymentn nekrrcd to b peragraphs 1 and 2 or chenga�ha amount of�he pxymenis. IF
<br /> under p�uag�apfi 21 1he is acquiRd by l.ender. Borrowark right to any insurance policiw and procads resuldng
<br /> from dun�gc to thc P�+npc�or to the acqufaicfon W�II p�ss to I.eoder to the estent of the surt�s secured by thl�Security
<br /> L�saumdnt immedia�ely prior to�he acquisi�fon.
<br /> _ , 6. Oocopanc'. Prsservatloa. IVlal�tenance �nd f'�otectbn o� the Propertyi Borrower's l.ow AppNatlon:
<br /> :. �.-•" I.wseLuids. Burtower shall accupy.eslablish.and use 1he P�operly as Borrower S priircipwl residence within sixty dt�ys atler
<br /> � •M �he exaWian of this Security Instrument und slwll cantinue to occupy the Prope�ty as Bonowerh principal rcsidena for at
<br /> `.�;:'� least a�a year after the date of occu unleac Lender atherwise o
<br /> pancy. grces in wridng. which consent siwll not be
<br /> .� unreasan�bly v►tiUdKld,or unless eatenuating clrcumswnces exist which ure beyand Borrowerk conhal. Barower shall�wt
<br /> desaoy,danwge or impair�he Property.allow the Property to deteriorate.or commit wcticte on the Property. Borrower shell
<br /> �'� . ba in defauU if any forfeiturc ucdon or praceeding,whether civil or c�minal,is begun�hat in Lender�s goad ittith judgment
<br /> could resulU in forfeiture of the Properry or dherwise materially impulr the lien created by this Securiry Inswment or
<br /> _ ., « � Lender�s secudty interest. Borrower may cure such u default and reinstate.os provided in paragraph 18.by causing the act�on
<br /> or proc�eeditig to 6e dismissed wi�h a nding thot,in l.ender's gaod faith determinution,precludes fort'eitw�c of the Bomower�s
<br /> interest in the Property or other mnterial impairment of the lien c�ratad by this Securiry Inswment or L.enckr� socudry
<br /> .,• : •. •� � , � intenesG Homower siwll �Iso be in default if Bornower, during �he loan upplication process, gave materially f�lse or
<br /> n�� '�•�.� ,;,,.';�`'Y-fi; inaccurate infarmation or s�atements to I.endBr(or tailed to provide l.eoder with any m�tedal information)in connection with
<br /> ''' �� the loan evidenced by the Notc, including. but not limited to. rep�rsentutions concerning Bartower's occupancy of tha
<br /> r,:�.;r � •-�•' Prope�ty a4 aprincipa!nesidence. If this Security lnxtrument i�on a leasehold.Borrower shall camply with all the provisions
<br /> - f�'y,..,,��.ii��.,. ��:.
<br /> , �� of the le,�se. If Borrowe�acquires fee title a the Propeny.the Icasehald and the fee tide shall not muge unless L.ender agrees
<br /> ; �'f''r;,�r,�"��.� ��'� to the or in wri�in
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<br /> •°�';;,��';:�`°'•'.�s�=r��i: 7.�Protectbn�l.ender's Ri�hts in tbe Properly. If 8arrower fuils ta perform tha covenonts and ugreementa
<br /> l �{k�r;:;=;;t'�:,j:':%''�,:";�t conu►ined in this Security Insuument, or thene is a Iegal proceeding thut mny significandy af�'ect Lender� rights in the
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<br /> ,.;, ,_.. ,�},;,.,, Property(such as u proceeding in Bankruptcy.probate,for cnnJemnation or forfeiture or to enforce laws or regulaUo�s).then
<br /> � � ..,; •: Lender may do and pay for whatever iw necessury to protect the vulue of the Prapeny and Lender's rights in the Property.
<br /> Lender's actions may include puying uny zums secured by a lien which hus priurity over this Security Insqvment,Appearing
<br /> in coun,paying rea.wnuble nttameys'feen a��d entcring on�he Property to mnke repair!z.Although Lender may take action
<br /> . under thls•paragmph 7,Lender dces not bave to du xu,
<br /> My umounts dixbursed by Lendcr undcr this paragraph 7 ,hall t�come uddilionnl debt of Bc�rnnwer secured by this
<br /> r': � Security Inshument. Unlexs Bnrcower and txsoder aKrec to other trrmti of puymenl,these nmountx shull bear interest from the
<br /> �,.,. ,
<br /> dute of disbur�ement�t the Note rale and shull be puyable,with inMn��t, upon notice from Lender to Borrower requesting
<br /> puymeot„
<br /> ;..� ' S. Hlortgage Insurance. If Lendcr required mortguge inxurunce u.a candition of muking Ihe Ioun secured by this
<br /> �;,� • . Security In�uument,Bormwer�hull puy the prrrniums reyuired to muimuin the mortgage insurance in effect, lf, for any :>>
<br /> �-�'. � � rea.�con, lt►t martguge in.umnce co�•era}tr rcyuired by Lendrr I•rpu, or cmtirs M Ne in effect. Borrower shull pay the �y:
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<br /> •,;. `J �. premiums raquired �o obwin co��crage subrt:uniully eyuivulenl tu Ih� muhguge insurancc previouxly in efiec4 at a cost ����
<br /> substsuuiail��equivalent tu�he ca,t�o Borrawer�►f the m�►nga�r in.ur�nre pnviously in effect, irom nn ultemate moRgAge
<br /> • insur�r approved by Lrnder. II'.ub.tuntialh•ryuivalent niongage inwrancr covcmge i�nrn uvnilable.Bomower shall pay to
<br /> «•.. Lender r�ch month u sum cyual�o onc-twclfth of thr�•eu�ly mungugr in+urunrr premium heing p•rid by Borrower when the �
<br /> •._ � • � . insuranca coverugr lup�ed ttt ccuxd tu t+e in rttect. Lrnder��ill uccept,u.r;u�J rctuin thetie paymenh u�a loss�+eserve in lieu ,_��,;
<br /> ', ' of mort�ge insurunce. Las.r rc.rrve paymen�x rnuy nu longrr 1+r rcyuircJ.at �he option i�f'Lender, if mongnge insurunce ,,•j
<br /> :.�';;5�.:';� coveru�!in ihe Lmount uixl ti�r�he periexi�hu�Lcnd�r r�yuire+�providcd by un in.urrr iippro�•ed by Lender ugain 6ecomes
<br /> '••�;�.�r.
<br /> 4.�:���.., ', ��,r�,•• AVAIIAEi1S�and i.ohtaincJ.Borrowcr.hrll pay thc rrernium.rcyuired ai m•rinlain mortg:�gr in,urancc in cffccl.or ro pro��idr i�
<br /> �, 7.� `ft„. lasti roscrve,until�hc rcyuimmrm f'or monpu�e irnurancr rnd.in iaconlunrr w•ith um•�vrinrn agreemrm lxtwecn Burrower
<br /> '`'", , attwl Lenckr or u IIlJF7IC IJN'. .
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<br /> ;)� � • 9. Inspection. Lendcr or i��u�em mt�}•mulr ma�oniiMle cntrir.u�xm and in.pcc�ion�of'tlx Propcny. Lender.hall
<br /> ; '��`'� girc Bormw•cr rn�iice at thc limr uf ur prior lu an inti�xrtion,�kril}in�:rcu+onublr cau,c f�,r tt�in,pe�tion. � �
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<br /> 1Q; Condemnation. The pnxcrd.uf an��uwurJ or rluim li,r Jamagr..dirrrt or ron,equential.in ronnection with uny „�.
<br /> ,,,�. � ' Sm�l.Frmd�..Fpnnlr Nue�Freddk�fuc l\IF'IIR�I l\S'IRl'�IEYf••Undom�Cm�n;mt� 9/90 ip,�«•+�.lo�a��e.i .�
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