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<br /> � ` peiiod�N�'Laader tequites. 'R�e itaivanoe s�rrisr pmvid'wg tht a�sufsloe sbaU 6e�oseo by Botzower su6jert W I.ender� , "
<br /> • -spprov�l wh�ch a�il aot be umeasooably wid�beld. if Botmwes fWs to maintain cover�e dascn'bod s6ove;I.eader mry:+t
<br /> �[.eo�er�uption.obtam covenEe m pcooec.t I.aider's rigMs in the Ftopert3r in acra�danoe wtth paag,�spl�7. .,
<br /> � AE!iuun9ace�a�d zenewals s6all.bC aaxptabla to l.ender and shall include a staodatd matgage clause. l.eader
<br /> , s6all Uive the ag6t to hald the palic�s and aatwals. If Leader cequites,Bamwer shall P�P�Y B�ve ta Lendu all taxipts .
<br /> of piui pamiums and ncaewal notic�s. In We event of Ioss.Barower shall givc p�anpt notia to t6e insgraaue cufier and
<br /> I.ender. Lenaer may mahe p�oof of loss if n«,nade promplly try soaower. � . .
<br /> lfnkss Lender arid Bortower otherwise ag�+ee in writielg,ia�+trance pmceeds s�11 be applied w iesturatiop or.tepair of .
<br /> — d�e piopeit!d�naged,if the rastaation or npair is aa�omicalfy feasibl�and Lencier's secuc�ty is nat�.se�ed. IL the
<br /> . testos�ion or tepzir is�ot eoonomicallg feasibk,or La�det�sxnrity woWd be iessened.tve ipsttrapce ptooeals sirall be_
<br /> . .appb�ed tn the sums secured by dus Secwity insAument,wixther or not th�n due.with any sxce�pa�d co Bom�wu. Tf , —
<br /> - . Bottawei abaadons the PrupeRy,or does not answer wiWin 30 days a notice ftom L.ender thaC tht in.wtance cartier has, , .
<br /> offaCd to seWe a claim,then I.ender may ca}?ect tba ins�ran+oe ptoce�ds. Leoder may use the pmoeeds to npair or restoie
<br />_- �the Pkoperty orto pay sum�secmed by this Secucity Iashvnxnb whedier or not tl�en dae. 77�e 30-day per�,nd will begin wix�
<br /> - , tbe notice is givea. , �
<br /> ' Unkss Lender aud Boirower athecwise agree in writin8,aaY apPlication of procads ta principal shaU not eutend a •
<br /> r� :.' pos�e the due date of the monthly Paymeats ceferted w in paragraphs 1 and 2 or change the amount of the payments. If � ._- -
<br />-- �mderparagraph 21 t6e Property is aaquued by I.ender,Botrower's'nght to any insurance poIIcies and pmceeds nesuiting -
<br /> : f�orn damage to the P�operty priorta the acquisition shall pass to Lender to d�eatent of the sittns secu�+edt bY this Security _—__-_
<br /> - Instrumentu�unediate�gmioito theacquisition.. : . ���_�r�
<br /> - - - f, pocopancy.�Sq�io� Maintanauce anc� Froteftion ot t6e Yruperty; Borruwer's.I.oan Applkatian: , ��:-T--
<br /> _ Le�st�Yoids. Bottiower shatl oCCUpj.es�tablisfi.an�use the Ptoperty as Bflrmwer�Qcincipat residence witliin sixty days after ��_-.-�-
<br /> ' the e�an of this Security Mstniment and s6a11 contidue to occupy the Property as Borrower's principal nesidence for ai � �� = _
<br /> least.c+t�year after the date of.oiucupancy, unless Lender otlrerwise agrees in writing, which consent shall not 6e _ _
<br /> umeasonabty witliheld�unkss�extenuatuig ci�umstances exist which are beyond Borrower�s contro�•�Sormwer sfiatl not '::`-=T=
<br />_ - destroy.da�nage or impair the Ptape�ty,altow the Property to deteriorate.ot commit waste on th�ProP�ty. Bormwer shall ° -e,:;�.`'�i_
<br /> �. -._
<br /> 6e in defauli if any forfeiture action or proceeding.whether c'svil or criminaT,is begun that in Lender�gaad faith.judgment :::1:.�..1.�-�-
<br /> cou2d tesult in forfeitun of the or otherwise anateriall im air the lien cmated this Instrument or �'�"�"'`
<br /> �nY Y P �'Y �'�'ty . :�-u;�_:�
<br /> I,eader's security interest Bortower inay cure such a defauit and reinstate,a4 provided in parag�aph 18,by causing the action ;'�:.'�-`�:�t;;;:-
<br /> or roceedin to be dismissed wit�s a rulin that;in Lender's aod faith detecmination,preelu�es fatfeimre of the Borrower� _
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<br /> �f;a intetest in the Property or other mau�rial imQairti�ent of the lien created by this Securiiyi Tnstrument or Lender§secpnty �,:� ,- ;.;, -
<br /> " -�r7-_;�y;: ' interest. Bbrmwer shall also 6e in defaul[ if Borrower, during the toan agplicatian process, gave materially false or b : .., .,.' __
<br /> ,�,; inaccurdte infomiaHon or statemenu to Lender(or fai�ed to provide Lender wit�i arry materiat mfonnation3 in connection with .y f�} -
<br /> ��._ :,x r;�#•� the loan evidenced by the Note, including. but not limited to,tepresentations codceffiii��Borrower's occupancy of the �
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<br /> - - v.._: P mperty ati a principa l resi dence. i f t his Security Instrument is on a leaseho2 d.Boaowersna;tromply with all the provistons `-'�:., ;,;,.�--
<br /> � � -'�'*��y�,��°;';- of the lease. If Borto�er acquires fee atle to the Ptopecty,the leasehold and the fee tide sha1�not merge untess Lender agrees ' ' ''�'��'��
<br /> � ••,::Tt,``',, ' to Ihe merger in writing. , ' . ;?.;';e;�'�`;`<"=_,
<br /> � ,�'- °. ��,; . 7. Protection of l.ender's Rtghts in the�foperty. If Borrower fails to perform the covenac�ts and agre�nents w�'' �i .,�_-
<br /> ���,�,�= cantained in this Se.curity Inctniment.or therc as•�tegal proceeding tl�at may sign��icantly affect Les�e7er's rights in the � _ . ?
<br /> . �� --t�ri.:_
<br /> �-< � � � Ptoperty(such as a pro�eeding in bankruptty,probate,for condemnation or forfeiture or to enforce laws or°�`egulations),then
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<br /> �s `�;°�t��..�:sf;;�: ;; Lender may do atW pay for whatever is necessary to pratect the vaiue of the Pmperty and Lender's rights in the Pnaperty. .,,�-,_
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<br /> I.endet's actions ma include a ' an sums secured b a lien which ha5 nori over this Securi lnstrument,a n �� 1
<br /> .. ,,. •-. .• Y P Y�g Y• Y P � �Y IY PP� 8 '.;,�:�;;.t,.`�
<br />• 'r=s ''�� � in caurt.paying reasonabte attomeys'fees and entering on the Property to trza�ce repairs.Although Lender may take action •,,.. �;,•�,i
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<br /> :�.'::.;�:.. ,� ,. ander this paragraph 7.[xuder dces not have to do so. . '�
<br /> Any amoun�c disb�rsed by I.�nder under this paragraph 7 shall 6ecame additional deb[of Borrower secured by Ihis ��� ; •� `-��'i,�-r' ^
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<br /> � �;-..�. ..f�;;,�,;., Securiry IaStrumen� Qnless Borrower and Lender agree to other terms of payment.these amow-tts shaq bear interest from the '� '-„;�,��
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<br />`'� �� ' �'�� � tr date of disbursement at the Note rate and,hall be payable.witb interetit,upon notice fra�D.ender to Borrower requesting �. '�'��`�'�'°�`::
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<br /> =�k�::t,: :...: :. , - payment. t :e .
<br />- 8. Morfgage Insurance. If Lender reqnired mortgage insurance ati a'condition of makirrg the loan secured by this
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<br /> - 5ecurity Inxtrument, Borrower shall pay the premiums reqwred to maintain the moRgage insurance in effect. (f.fot any � . •... ,�
<br /> �"�:'�-`::� -` �• �-'-. ' reuson, ihe mortgage insurance coverage reyuired by L.ender lapsec or ceareti m be in effect. Borrower shall pay the � •�� '�
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<br /> .� «-..-.- � remiums re uired ta obtain covera e lubstantialt uivalent to the mort a e insurance reviousl in effect.at a cosl �__... ._
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<br /> :R�'�.�;�,�;�;J;�,�;r�••• • su b s tantia lly equivalent to the cost to Borrower of the mort ga ge insutance previouxl y in eEfect.fram an attemate mort ga ge , . .
<br /> • :± .{''��;t;; ..•� insurer approved by Lender. If substantiaUy equivalent mortgage insurance coverage is nc�t availabte,Borrower shaA pay to i• �
<br /> ';�,�`' Lender each month a sum equal to one-twelfth os the yearly mortgage insurance premium being paid b,y Borrower when the ;`
<br /> ;+.,,;,= _ _ : , '
<br /> . � insurance coverage lapsed or ceased to be in effect. i.ender will accept,use and retain these payments as a toss reserve in lieu
<br /> � ���°''� of mortgage insurance. Loss reserve payments may na longcr be reyuired,at�he optiamof Lender,if mortgage insurance f ����� �•. '
<br /> �(;I°;";- ' �. .:._ ..s;k
<br /> -- - �;�,,'v y,; coverage tin the amount and for the period ihat Lender reyuir�s�provided by:in insurer approved by Lender again becomes � ,
<br /> !���'{'��'- � available and is obtained.Borrower�hal!pay the premiumti teyuired to mau►tain mastgage i¢a�urance m effect,or to provide a ' ��.''.''. ;�
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<br /> -ye`��-,,;,� loss nserve,unul the requiremeni for mortgage insumnce ends in accordance with any wri:�en agreement between Borrower
<br />� `�'��''� • ahd Lender or applicable law. l �
<br /> '��•'l�`1�" � 9 Inspectton. l.ender or as agent mag�ozke reasanable entries upon and inspections of the Prmperty. Lender sh:�ll � �' --=� -. �� �
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<br /> •° �' � give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. �
<br /> �'''''`�� !0 Condetnnatbn. 'Rie prooeeds of any award or claim for dsunages.direct or coaseyuenttal.in ronnection with any ' �. -
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<br /> - Single Family••Fannk Mae/Freddk Mac Uti1FORM I�5TRCS1EtiT--Unifotm Covertanb 9/90 (page 3 rJ6 po,GPaJ �
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