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<br /> -- � 91- i U8806
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<br /> --- - pedods�hat Lendcr requirca. The in,urauxe cuRier provlding thc inxu�nce shall!ic chosen by Borrower wbJoct W l.endcrS►
<br /> upproval wbich shall no�be u�reasonablY withheld. If Borrowcr foils ta mainwin caveragc descdbed above,Lendcr mny.at
<br /> - L.enderk optian.obt�in rnveruge to prdect I.ender ss�ightx in Ihe Propeny 1n uccurdwice w11h parAg�aph 7.
<br /> ,�_��•::,� All insurance policiex ynd�enewalx r;hall be acceptuble�o l.ender And shall inclu�ie a.�wtidnrd monsage cluur�e. O..ender
<br /> xhull Iwve�he tight to buld the polfcie�ond mnewal�. Ii Lender requir�.B��ROwer rhnll pnHnptly give tu Lender all neceipts _
<br /> oi paid prcmiums w�d r+enewAl notices. In the event oi lo,�,Bc►rtawer xhall�givo p�ompt aotira to ihe inxtuan�o corrier and
<br /> �--�-_-� L.rncfer. L.cnder may mukc prooi oi Im�if na1 made promptly by Bmm�H•cr.
<br /> $---_ _ �`-- `�
<br /> - - - Unlesx Lende�and Borrowcr oiherwise ogree in writing, inwmn��:pnn�d*+h�ll b�:+�pplicJ w retitoration or rep r o �.
<br /> _ �he F►roperty dnmugod. if�be res�oraliot� or repair ia ecax►t�icuQ)� faasibla w�d l.c.nAerY sctiurny i+nw leti.r-ened. If the
<br /> = � restonuion ar repair is not econanirally feusible ar Lenderti wcunt�r wnuld be las.+e�►txl..the. in�ur.u�ce pioceeds shull be
<br /> opplied to�he sum�se�:ured by�his Security Insuume�l, K�i�ther or nnt the� due,w�ith nny cace�y paid to Borrower. If
<br /> ---� Bomower abandonx�he Property.or daex not unawer withln �ll duyx u natke imm l.ender tha� �he insurnnce cmrier hus
<br /> - �,' OfPCfCtI(0 SC11IC A ClAllll.then Lender muy collect the insurance proceed�. Lenden'may use�he proceedy to repair or restore -___
<br /> _--a�=::'<-x� the Property or to pay suma serurcd by this Secu�ty In►ttumrnt,w�h�th�r or nm thcn due. The 311-duy period will begin wt�en �
<br /> — `..`� the notice is given.
<br /> � Unles.c Lendcr and Bormwer othenvis�s agrse in writing,any upplieation of prrx�crJs.�u principal �hull na extend ar
<br /> � postpone the due date af�he monthly payments rafamtii�o in pum�rnphb 1 und 2 or chungv�hc amoum of Ihe payment9. If
<br /> �-- -__=_.:�� under p:►ru8roph 21 the Pmperty is acyuircd by Lender. &►tmN�e�k right w uny imumnae palicies wKl proceeds resulting `
<br /> „ _ _,_,� irom damage to the Propeny prior to�he ncquisilion r�hAll pass to Lender to the extm►b of the sumx secured by�his Security �
<br /> �- Inst�nt immediately prior to the ucquisitian.
<br /> -� 6, pccup�r� preservaUon, Malnteaance and Protectton oi Ihe Prop�rtvs ��wer's l.o�a Applicatbn:
<br /> --- -- -- Leaseholds. Sorrawer shall occupy.estublish,und use Iha P��.reny u�Hornowcra principAl residence within sixty da�-s afcer _
<br /> �'_-_�"'=��� the eaecution af thig Securi�y Inswment suid�hull cantinue ta accupy the Roped�nr�Bortower;principal msidence fc+�at __
<br /> - "'w�-?�' least one yea� ufter the dnte of occupuncy. unlvxc I.ender othervvise aBnees in N�riting, which consem shal! not be
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<br /> -°�;b_;;.; °' unreuwnably withheld,or unless extenuAting ci�umsta�x:es e�ist which ur+e l+cyond R�irtawer's control. Borrower shall not _ ,
<br /> ----� _�'L.'., �
<br /> ---:x.� destroy,damuge or impair the Prapeny.ullntir tha Property to detcriaru�e.or commit•wa.te on the Property. Born�wer shall �_,
<br /> �'��":,���;�`.., . 6e in default if any forfeiture action or prtx�ecvling, whelher civfl or criminwl.is begun Ihut in Lender's goad fs►ith judgment
<br /> �''�-'4'`�- could re.r•ult in forfeiwre of�he Property or otberwise muteriully impuir tha lian creuted by �hi+� Securny Instrument or <<.�,
<br /> �� �� �
<br /> LenderR xecurity in�eres�. Butmu•er muy cure�uch a dofuuh und min�tute.us proaidad in parugruph I R,by causing the uctian
<br /> —��,;',ti.��,�.: or pracecding to be dismi�sed With a ruling th�u,in Lenderr gcxxf fuilh detormina�i�n,.pa'clude�forfeiwre of the Burrower's �--
<br /> .-�-. • .`�� ` inlerest in �he Propeny�r rnher matcrial impainnent of ihc lien creuted by thlti Scruriry Imtrument or I.ender;xecurity ��_
<br /> -=��"�• � intercst. Born�wer slwll al,o be in defauN if Bormwer,durinF �h� loan uppliuytion prceexz, gave materiolly fal.r•e or �`
<br /> `�a; �`'��.�"'�"w�*, inuccurnte informalion or stAtements�o L.ender(or fuiled to provida Lender with uny muteriul infarmution)in connection with _____
<br /> �*��?'��'� the laun evidenced by the Note, including, but ncx limiled �n, r�presen�utionc conceming Bonower'ti accupuncy of the =
<br /> � . � 1'mperty uc a principai rcsidencc. ii�hi+Sccwi�y i��rtiuu�nt iti on a Ica•.chnitl, aorraiti•er slt:s!!comply w's!h a!1 shc�+m�i�ionc
<br /> --.� �-:��`� ----
<br /> • ��.!:::��f � � of thc leatie. If Borrower ncyuireg fec tiUe to the Proprny.U�leu.uhold und Ihn far�i11e shall not mergc unle�s Lende�•rgreea --°--
<br />^'��� '� :.-.:Y�:�.�b ��, � to the merger in writing.
<br /> ��:: . ,, 7. Protection oi l.ender's Rigbte in the Property. If Bc►rm�ver fuil�.ta pedorm thc covrnants and agreements �
<br />-;� "�. " ;'.� ', contoined in this Securi�y Inxtrument, or ihen: i� u legal p��xerding ihu�muy sigmficunUy uff'ece Lender. rights in the rrw
<br /> �• • ''t,�f ''° property�such as�proceeding in bankruptcy.piubatn.f'or condemnWion a�forf'eiture or to enforce InW.o�regulatiam).Ihen -
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<br /> �i�� • •�: � � • ,. Lender may Jo und puy for wh�tever i.nece�wry �o prota:t the valuo ol'the Pmperty and Lcnderi;righis in �he Property. _-
<br /> ';.,;,.;,_ �
<br /> �'-�"'' Lendor's uctians muy include puying uny tiums s�rured b�•a lirn whlch ha+prioriry over this Security Intitrument,uppeanng -
<br />- __. -.• �;.� ;,
<br />.=_ 1;, �,,,..� .._�.,,., ' n in coun,paying reawnuble au�imeys'fee.and entcring��n the Propeny�u muke repuin.Although Lender muy t•rl;c action ��--
<br /> �-:'�.� .,�.,..,,,,,�.,:; underthis paragrrph 7,I.endcr Jaeti nut have toJu so. =
<br />-a;�;;�,�r -•�� ' Any amouw,Ji�buned by Lrndcr undcr thl�.puruumph 7,hall:hr:c►mc •rdditi�inul dcbt of Burrower,ccured by this �,.
<br /> - ', ;� Securiry Inxlrument. Unles,Borrowcr und Lender ug�ee tu odi�rr tumix oi pa��menl.thexe am�wnl+.hull tnar interest from thr _•-
<br />� �• . " dute of disbuncmem at the Naie rute nnd�hull�he puyable.wilh imurext, upon notice from Lendcr to 13orrower reyuesting -°•�'
<br /> -��d���� . ',r pnymem. E�
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<br /> - ct�e►� •_•nt 8. Mortgage I�surance. It' Lcndcr royuir�cl man��a in+urunrc a.u candi�ion of makinE thc loan u�cured by this �.
<br /> --`=�;�;�-•�``-`�,r� Sewrity Ins�rument, Borrowrr shull puy �h�:prumium.rayuind w muintuin �hc mortgugr insurunce in effcct. If,for nny �,_.
<br /> � r+ � rea�on. Ihe mortgage insur:►nce covcr�gc r�uirui b)• Lcnder lap.c� ur rru+es 1u he in rl'tcrl. Borrower +hall pay Ihr ___.
<br /> �_r:;��•. "�x,:'`n;,�;' '`� premiums reyuirrd w oMain coverage +ub,tamiaN�� eyuivalrnt to �hr m�xtEuge in,urance prrviausly in effect. at u coxt
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<br /> ;s;;:�..���,.� i���. •• wbstantially eyuivulent to the coxt to Burmwer of�he mun�uge in�uruncr pn viautily in.ffect,frorn un ulternale mortguge
<br /> �=���-,y-,��`�'••++�..-- inxurer approved by Lender. If xub�tantiully cyuivalem mnrtguge insur�inrc roverugr i+not avuiluble.Bortuwer shull pay to �-=
<br />_._� ' �� � � Lender each month u xum cyucd tu anc-tweltih ut'thc rarl�mon�u�r in,urunce rcmium fxin� aiJ h Borrowcr when the
<br /> , Y > 6 b P �p' Y E�.
<br /> :s' � �:+�;� ��-:- .'":, insurunce coveruge lapsed or ceuud w lx in cffrrt. Lerxier will ucrept,uxc:;uid retnin thcs�paymrnt�a��lo..rcticrve in lieu =
<br /> �:��� ',� ':� of mortgoge insur•rnce. L�►xs reserve puymrm. muy nn Inn�cr t+e rcyuired,ut ihc i�ption ul'Lcmkr,if murtgage inwrance �.
<br /> _,�=;°�T� ��-' ,,:r;�� ' coveruge(in Ihe umoum und 1'c�rihc�xriixl thul Lendcr rcyuiresl pruvided by an in.urrr ap�x►�ved by LrnJer u�ain hecomes __
<br /> '`��::�� ` ���4,:0'�'•;� uvuilublc und i,ubtainrJ.Borrower.hull pay�he premium.r�yuireJ tu muimain munguge in,urunce in rt'1'ec1.iir to prnvide u _
<br /> - • ,�'•••.`,�:,:�f�: �
<br />_.J�, , 1,•;.• losti reserve.unlil the reyuiremen�for mortgage in.urunr�endti in ucc�miunce W�ith any wriuen u�.rcennnl hetween Borrowrr
<br /> -: ;i,. . .� und Lcndrr or applicuM�laµ•.
<br /> ��.,VJ. 9. InspecNon. Lcnder ur i�ti agcm muy mukr rca�imuMc eniric�up�M imJ in.pertiun,ul'thr Pro�xny. Lendcr�hall �.•
<br /> . " give B�xmwer notire at die liitt.uf or prior to un ins�xcliun+�xcifying rca.onahlc caux fur thr in��xction. �•
<br /> 10. Condemnation. 'Ihc pr�xrcd.of.�ny aw•urd�,r claim Ibr Jum:�gc�.dimrt��r rur.�yurntiai,in cannrrti�m with uny _-
<br /> � � . • S�ngleFamil}•-FannkNae/preddle\lacl'VIF'OR�II\tiTRl�1F:1'1'• I�io��mu('u�enaun 4N11 ��eiar?,�+��►����u
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