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<br /> � periods that 1.ead�et tequircs. Thc insurmce curiec pmviding ttie insur�ce shatl be chosen by Barawer su6ject to Le�ider's .
<br /> . app�oval which sfnll aot 6e unrca�al�ly'wit}�id, (f Bamwer f�ils to maintain coverage dss�.�ribed above.I.ender cnay.at
<br /> ; L.ender�option.oMain coverage to protect txndes's rights m the Property in accondance with par.�grapA 7. �
<br /> , AIi iasuwnce poTicies and[tnewals si�fl be accepqbie to Lender and shali incfude a standard mqttgage clause. Exnder
<br /> st�all tiave tho riglit to hoid the policies and.reaewalk Yf I.ender requires,iiortower shall promptty giv�to Lender all ieccipts �
<br /> � of paid pmniums and r�newal notiFe.c, 4n thc etient af lossT Bortnwer'shaii give prompt naic�e to the insur.uice rarrier and
<br /> i.ender. l.eader may make proof of lass if noi madc prumptly by Bortnwer.
<br /> � Upkss t,ender and 8orcasr•er otherwise�aree in writing,insuntnce pnx�erds shat!6e�pplied io zestarateai ar re�xut of
<br /> tl�e Ptoperty datnaged..if the e�estoration or.repair is ecoaomically fe3si6te and L��der's serurity is not tessened. if the
<br /> �esioration or ctpair is nW�tcononti�atly f�vibie or l.ender:s security�uoukf be lessenedr dr insur.u�ce proceedc shall be. •
<br /> ' applied to the sums secuted by this Security lics[rt�men�whether or not then due, with ar�y excess paid to Borrower. If °
<br /> Borrower ab�ndons the Ptoperty,or docs•rtot flnswer within 30 days a notiee from Y.ender that the insurance carrier has
<br /> � offeeed tu settle a claim.then L.end�r may coitect �he insurance pmceeAs. Lender may use the proceeds to r�epair or re�tore �
<br /> the Property or to pay sums securcd by this Security Instrumen�whether or not then due. 7be 30-day period vm716egin when �
<br /> the notice is givea .
<br /> Unless Lcnder and Bormwer dhetwise agnee in wri[ing,any application of proceeds to prinripal shall not extend or
<br /> postpone the due date of the nwnthty payments referred to ia�aragraphs 1 and 2 or change the amount of the payments. li =
<br /> w�der paragraph 21 the Property is acquired by Lender,Borrower's rigfit to any insur�nce poti�ies and ptnceeds resuiting
<br /> from damage to the Ruperty prior to the acquisiti�n shaU pass to Lender to the extent of the sums secured by this Security..
<br /> lnswment imrt�ediately ptior to�he acquisirion. � - ' —
<br /> 6. Occupsacy, Pr�servatioa, !NaiMenance xml PtMection ot the Prope►t9; Borcower's I.oan Appliption.
<br /> I.ease6olds. Borrawe f sha11 occupy,establlsh,and use the pmperty as Boituwer's prir�ipal r+esidence within sixty days after �
<br /> the esecution of this Security Inmument and shall rnntin�e to accupy the Ptoperry as gortower�.principal residence for at �
<br /> � ' least une year afeer the date'of occupancy. untess Lender otherwLse ageees in writing, which consent shall no[ 6e '
<br /> unreasonably withheld,or unIess extenuuting ci�am.gtances exist which aK beyond Borruwer's cantrol. Horrower shall not
<br /> • destroy,daii�age or impair the.Propetty,allow the Ptoperty to deteriorate.or�commit waste an the P�uperty: Borrower shali
<br /> be in default if any forfeiture xtion or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment —
<br /> coold c�sult in forfeiture of tlie Property or otherwise materially impair the lien created by tliis Security Insbument or • —
<br /> " Lender's security interest. Borrower m�y cur+e such a default and reinstate,as pmvided in paragraph 18,by causing tde action —
<br /> or pmceedu�g to be•dssmissed witha tuling tha�in Le�tder's aaad faiih detcrmination,ptecludes forfeiture of the Borrower's
<br /> . intece�-t in the Praperry ar other material impaianent of e%4ien created by this Security lnstrument or Lender:s security. —
<br /> inter�st. Borrower shalt also be in deFault if Bo�mwer cturing the loao application process, gave materiallj false or '�"
<br /> � inaccutate informadon or statemen�s to LendeF(or failed to provide Lender with any material information)in connection with
<br /> . the loan evideaced by the Note. enclading. �t not limited to, representations concemin� Borrower's occupancy of the —
<br /> Pivperty as a principal.residence. If this Secaaiey Instrumeat is pn a leasehoid Borrower shall comply with all the provisions
<br /> • ' of tl+�,lease. If Borrower acquires fee title�to the Property,t�e��asehofd and the fee titte shall not merge unless Lendera�nees
<br /> t�f��nerger in wridng. , —
<br /> �T: Pmtection oT I.endes�s Rlg6ts in the Property. If Borrower fails to perfotm the covenants and agre�ents
<br /> ri��ied in this Security lacuumea� or there is a legat proceeding that n�ay significantly affect Lender�rights in the� —
<br /> , t'4vpe�ty(such as a proceeding in bankruptcy.prabate,for condemnation ar�Farfeiture or to enforce taw�or cegulatians),tfien °"
<br /> Lender may do and pay for whatever is necessazy to protect the vatue of t9r:Property and Lender's pgh�t in the Property. ��=-
<br /> � Lendzr's actioas may�nclude paying any sums cecured.by�tien which has priority over thi.,Securiry Instrument.appearin�g ���:
<br /> . in court,paying ceaconable attomeys'.fees and entering on.�rrz Property to make repairs.:alchough L.ender may take action � ��'.
<br /> under this pazagraph 7.Lender does nat have to do so.
<br /> Any amounts disbursed by l.ender under[hiti paragraph 7�hall become additional debt of Borrawer securcd by this
<br /> Security Instrumen� Unles�Borrawec and Lender agee to other terms of payment,these amounts shali hear interest from the
<br /> � date of disbursement at the Note rate and shall be payable,with interetit.upon notice from Lender to Borrower requesting �';;;
<br /> payment. • .,•:
<br /> 8. Mortgage lnsurance. If Lender reyuired monga�•z insurance a�a candition of making the loan secured by this �
<br /> Security Instrumrnt, Borrower shall pay the premium�required ta maintain the mortgage insurance in effect. 1f, for any -
<br /> reason, the mortgage insurance coverage mquired by Lender lApse�. ar cea�eti to be in effect, Bmmwer shall pay the
<br /> premiums requir��to abtain coverage substa�*:�tly eyuivalem to the rreti3r.gage intiurance pr�viously in effect. at a cost
<br /> substuntialty equ6�a,7znt to the coct ta Barrawer,af the mortgage insuranc�previou�ly in effect,from an altemate mortgage -
<br /> insurcr approved by Lender. .If sabstantially equivalent m�rtgage insurance Covcrage iti r�t available.Borrower tihall pay to '��L
<br /> Lender each month a sum eyual to one-twelfth of the ye�rly mongage insursnce premium 5eing paid by Bnrrower when the =
<br /> insurance coverage lapsed orcea.�eii.tn be in effect. Lender will acrept,u�e and retain the.e payments a�a lass reserve in lieu
<br /> ' of mongage insurance. Lo�v re'scrve paymertts czay no tonger be rcyuired,at the option of Lender.if mortgage insurance
<br /> coverage(in the:unount and for ihe period tha�F�-�der reyuires)provided by an in�urer appmvcd by Lender again becomes -
<br /> available and is abtained.Bnrrower shall pay t[i:7remium�rt:quired tu maintain mortgage insurance in effeet,or to provide a �.�:;,'
<br /> .loss reserve,until the reyuirement for mongage insurance end�in uccordance with any�vritten agreement between�rower
<br /> and b.ender or applirnble law. • "
<br /> 9 lnspecNon. Lender or its a�ent may make teawmable enities upon:uid in��ctions uf the Property. Lectder shall �
<br /> give Bortawer notice at the time of or prior to:u�intipection specifying reasonable cau�e for ihe inzpecti�n. , :•
<br /> 10 Condemnation. The proceeds of any aw:ttd or claim for damages,direct or consequemial.in ronnection W:�'�.any
<br /> , ' . 5ingle F3stity--Fannk NadFreQdk Fix G�IFURH 1�ti7Rt71E\T•-l.rotcmn Covcn:un� 9/90 (pu¢e?,•j'yr�;,'�i
<br /> ' f,e�t tatn+Basmeee varma.mc ■ r. '
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