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<br /> 93-1095�5
<br /> - peri+�thu i.ender�quiru. Tnr iruw�wM.c w:k���v{dL-�i!'w fr:itt-�«ss�stta!!�al�en b;�$QSSO��-s e�tbrct to lnsda�
<br /> ' , �pproval which�hall not be unre�wnably withheW. If Botmwer fiila to mainuin covera�e de�cdbed above,La�der m�y,�t
<br /> Larwler�option,c�Main cavecaQa w protoc.K 1.enekrY dQhts in the Propeny in�►ccordu�ce wlth p�r�raph 7.
<br /> Ail inRUr�nce poticie��nd rorKw�l:�hall be�ccepuble to Lendrx u�d�hall include a Rtuidard mortgaYe clau�e. Lenckr
<br /> Rhall twve the dght to hoid the policies and rcnew�ls. If Lender roquircr,Bacrawer shall promptly glve ta L.ender all nceiptc
<br /> • � of p�id prcmiumx and rcnew�l noticat. In the eve�t af las,Bormwer shalt�ivo prompt twtice to the inwr�nce cairier md
<br /> -��,,� __j� L.emder. Gender may mwke praof of las�if not m�de promptly by 8orrower. __
<br /> Uniexn LerKler wxi Barower othenvisa�grde in writing,insurance procads shail be�pplied ro rcswration oc repalr of
<br /> thc Property duna�ed, if the restornUon or rcpair is economically fcasible �nd L.cndert secudty is nat lessened. If thc
<br /> rctit�xation cx Kpwir is not economically fe�rible ar Lender'�securlty would 6e iessened, the insw�ance proceeds shall be
<br /> �pp8od ta the aums aocurod by this Socur�ty Instrument, whethu or nat then due,with any excess paid to Borrower. If
<br /> ! Barrower abandans the Property,or does not answer within 30 dAys a notice fcnm Lender thAt the insurance curfer Iw.g
<br /> offered ta settle a claim,then I.ender may collect the insurance proceeds. Lender may use the pnxads to repair or c�estor+e
<br />----_-----_---_------- the Propeny or to pay aums cecured by this Security Instrument,whether or not then due. The 30�day pedod will begin when _
<br /> the natice is gtven.
<br /> Unkss Lender and Borrower otlxrwisc agne in wrlting,any appllcation of proceeds to principal shall not extcnd or
<br /> pastpone the due date of the monthly payments rofe�red to in paragraphs 1 w�d 2 or ch�nge the�unaunt of the payments. If
<br /> — under paragraph 2l the Pmperty is acquirod by Lender,Borrower's right to any insurance poltcies and proceeds resulting
<br /> from damage to the Propetty prior ro the acquisidon shall pasa to l.ender to the extent of the sumc secured by this Security
<br /> Inshument immediately prior to the acquisition.
<br /> 6. Oocup�ncy, Pnservation, Moi�tmsmce �nd Protectbn ot the Property; Borrower•s I.oan Application;
<br /> I.�seboids. Borrowcr shall accupy,estabiish.and use the['roperty as Barmwert ptincipai residcnce wlthin sixry days after
<br /> - the cxecutian af ihis Security Instrument and sh�ll continue to occupy the Rroperty ar Borrower's principal rceidcnce for at
<br /> ' least one yeor after the date of acupancy, unless Lender cuhenvise agrees in writing, which consent shall not be
<br /> unreusannbly withheld,or unless extenuating circumstances exist which ar�e beyond Borrower�s control. Borrower shail not _
<br /> destroy,d�tiage or impair the PropeRy,allow the Property to deteriorate,or commit w�ste on the Propeny. Borrowcr shall _
<br /> be in defaalt if any forfeiture action nr procadtng,whether civil or criminal.is begun that in Lender's good faith judgment
<br /> could nsult in forfeiture af the Property or otherwise materially impair the Iten crcated by this Security Instrument or
<br /> .�`,;� L.enderk secudty interest. Botrower may cure such a default and reinstate,as provided in paragraph l8.by causing the xtion
<br /> �'� or proceeding to be dismissed wlth a tuling that.in Lender's good faith determination,prccludes forfeiture of tix BorrowerS
<br /> _�� interest in the Propeny or other matedal impaim�ent of the lien ereated by this Sccudty inswment or Lencier's security
<br />::•_:_� � interest. Borrower shall also be in default if Boaower, during the loan applicatlon process, gave matedally fals� or
<br /> � inaccurxte infortnation or st�tements ta Lender(or failed to provide Lender with any material infortnation)in connection witF�
<br /> -��-5;'-� the loan evidenccd by the Note, including,but nat limited to, representations concerning Borrower's occupancy of the
<br /> ,�r ' 1'roperty ac u pnncip�i resiaence. It this�ecunry lnstrument is on a ieasehoici,Borrowec shali compiy wid�aIi che provixions
<br /> . N,+T.;� of the leasc. If Borrower acquires fee title to the Property,the leasehold and the fee titic shAll not merge unless Ler�der agrees
<br /> "`�� ro the merger in wdting. -
<br /> 7. Ptotection ot Lender's Righis in the Property. ]f BoROwer fnils to perform thc covenants end agreements
<br /> '� � �;.� contained in this Security Instrument,or there is a Iegal proceeding that may signi�cantly affect l.ender's rights in dx
<br /> '�� Property(such as a proceeding in bank�uptcy,probate,for condemnation or fodeiturc or to enforce laws or regulations),thrn
<br /> - Lender may do and pay for wh•rtever is necessary to prutect the vulue of the Property and Lender's rightc in the Property.
<br /> ' ''�•��"'' '' Lendcr's actionc ma include a m an �ums secured b a lien which has norit ovcr this Securit Insuument,a arin -
<br />_` "', t���-f`,';�`t� Y P Y� 8 Y• Y' P� Y Y PP� �
<br />;,:.' ,,�_�.,;:,,..�;;},,,.�;�.�, . in couR,puying rcasonable attomeys'fees und entcring on the Property to mnkc repafrx.Althcwgh Lendcr may take action
<br /> �,,;;;,,,,�,pjd,;;;� � under this parngraph 7.Lendcr does not have to do so.
<br /> � Any amaunts disbur�ed by Lender urxler this paragraph 7.shatl becomc additional debt of Borrower secured by this
<br />-- � �� Security lnsttument. Unlcss Borrower anct Lendcr agree to other tcrms of p•ryment,the.sc amounts,haii beaz interest from the
<br /> ;_'— ' ••�; date of dixbutscment at the Note rate and shall be payable,with intercxt,upon notice from Le�de�to Bwrower requesting
<br /> - .: r: � �. .:,�..;-,..�. paymcnt.
<br /> .;.W,`"`S' 8. Mort a e Insurance. if Lender re uired mart a e insurunce as a condition of makin the loan secured b thiti "
<br /> °v.,�?;. ,..�.,. R S 9 L�'S € Y
<br />-,.,. �� ' � Security Instrument,Borrower shail pay the premiums reyuired to maintain ihe mortgage insurance in effect. If,for any
<br />� � a.:�.���i,� rcuwn, the mort�age insumnce coverage required by Lender lapses or ceases to be in effeci. Borrower shall pay the
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<br /> premiums reyuired to obtain coverage sub.r•tantially equivalent to the mortgage insuranre previousiy in effect, at a cost
<br /> . ��.;s:`�.�'£;�>'J:..��s
<br /> , :.;;;.,�2,�. �5•,.� snbstantially equivalent to the cost to Borrower of the mortgage insurance pre�iou+ly in effect,from an altemate mortgage
<br /> ` :=�,� insurer uppmvcd by Lender. If substantially equivalent morte•rgc insurancc covcrage is not availablc,Borrower shull pay to
<br /> � �'v�+��� Lendcr cach month a,um cqual to one-twelfth of the yearly mongage insurancc premium being paid by Borrower when the
<br /> � in�urance caveruge lapsed or ceused to be in effect. Lender will•rccept,use and retain these paymentti us u loss reserve in lieu
<br /> .:,;`; i a,��w of mortgage insurance. Loss rcserve pnyments may no longer 6e required, at the option of Lander,if mortgage insur�nce
<br />_ F �;- coverage(irt the amount and for the period that Lender mquires)provided by an in.urcr approved by Lender again becomes
<br /> ' ••�%.��'�. F avuilable and is obtained.Eorrower shall a the remiums re uired to maintain mort a c insurunce in effect,or to rovide a
<br /> � _- .�:"-=.:,.. P Y P 9 F F P
<br /> "` loss rcserve,until the requircment for mortgage insurunce ends in accordanre with anv written agrcement between Borrower
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<br /> :� `r�� � and Lender or applicablc law. _
<br /> _�■�A��� 9. inspection. Lender or its agent may make rcationable entrie�upon and ins}xction.of the Property. Lender shall -
<br /> _ give Borrower notice at the time of o�prior to an inspection specifyi�g reationable causc for the inspection.
<br /> -�"'-`� — 10. Condemnation. The proceeds af rny uward or claim for damnge.,Jirect or con�quential,in connection with any
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