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<br /> � 94- 1o�,is:�
<br /> � perioda th�t Lender nquires. 71ro imuru�cutfer provldin�the insur�nc�e shall be cho�n by Borrower subJect to L.enderk
<br /> approvd which shRll not be unre�satuibly withheld. if Botrower fails w maint+tin coverxQe deacdbed�bove,Lender may�u
<br /> � Lenderl�opdon.obtain cover�ge to protxt i.enderb dghts In the Pnoperey in�ecord�nce with pa��raph 7.
<br /> �►11 Insurwice policies uid eenewal:chall be acceptxble to l.ender�nd citxll include�standard matgsQe claus�e. L,ender
<br /> .�� ,�hatl hsve the right W hold the policfes rnd ntxwals• If[.eoder cequires,Bo�rower sh�ll pt+omptly�ive to L.ender all roceipt�
<br /> - of paid prcmfums end rcnewal noticcs. ln the event of loss,Borrowcr xhall�ivc prompt notice w the i�aurance carrler and
<br /> Lender. Lender may m�ke proof of lass if not made pcompdy by Bomower.
<br /> Unless Lender and Borrower otherwise agrce in writing,insurance proceeds+hall be applied to rastoration or repair of
<br /> the Propecty damaged,if the rcstoratiw�or repair is c:canomic•rlly fe;4cibie and Lender� security is not tessened. If the �-
<br /> nestorntion a repair is not economically feasible or L.ender'x security would be lessened,the insurunce �ruceeds shall be —
<br /> ` -- applted to the sums securcd by this Security inslrument, whether or not then due.wlth eny excess puid to Borrower. If
<br /> Borrower abandons the Propecty,or dces not nnswer within 30 day�u notice from I.ender that the insurance currier has
<br /> offered to settic a claim,then Lcndcr may coltect thc insurance proceeds. Lender may use thc procceds to rcpair ot restorc
<br /> - - the Propeny or to pay sums sccured by this Sccudty Instrument,whcther or not then due. 'Ihe 30�duy period will begin K�hen
<br /> ____ the notice is given.
<br /> ` -- - �� Unless Lender and Borrower cxherwitie agree in writing,:+ny upplicution of proceeds to principal sl�all not extend or --
<br /> — postpone the due date af the monthly payments referred to in paragmphs 1 and 2 or changc the arnount of the payments. If
<br /> unde�p�uagrnph 21 the Property is acquired by Lender. Borrower!s right to any insurance palicies und proceeds resulting _
<br /> firom damage ta the Property prior to the acquis►t�on shall pass to Lender to the extent of the sums secured by thiw Security —
<br /> Instrument immediately prior to the acquisition.
<br /> ''� 6. Occups+ncy. PreservAtlon, Mointenance And Protection of the Property; Bur�ower's l.oan Application;
<br /> -�,:
<br /> �.�, y Leaseholds. Hotrower shall occupy,establ ish,and uu:the Praperty as Borrowert principal retiidence wlthin sixty duys ufter =
<br /> -• the execaticx►nf this Security instrument and shall continue to occupy the Piroperty uc Borrower'�princip:�l residence for ut _
<br /> ,�,w,, �'��°° • leust ane year after the date of occupancy, unless Lender otherwise ngrees in writing, which consent tihall nat be ��
<br /> ' �'�� unreasonably withheld,or unless extenuating circum�tances exist which a�e beyond Borroweri control. Borrower shall not !'.
<br /> ;: . ,�:,..
<br /> � destroy,damage or impair the Ptoperty,nllow the Property ta deterioratc.or commit waste un thc Property. Bortower shall __ _
<br /> ���,,,,�,�,�_�Y.;w• be in default if any forfeiture action or proceeding,whether civil or criminol,is begun thut in Lender's good fuith judgment =—
<br /> � r ."� . �-.-��.i,-sr..l�'�s. could result in forfeiture of the Property or otherwi�e muterinlly impui�the lien created by this Security Instrument or �--
<br /> ° ` Lender s security interest. Borrower may cure such n default nnd reinstate,as provided in paragraph 1 R,by causing the action --
<br /> . -'-""}";: `''� �� ' ,� or procceding to be dismistied with a ruling that,in Lender�good faith determination,prccludes forfeiturc of thc Bo�mwcr's �
<br /> • • . interest in the Property or other material impairment of the lien crc�ated by this Security lnstrument ur Lender's security �•':,'
<br />-- `��"�' interest. Borrower tihall also be in defuult if Borrower, during the taan upplicntion pracess, gavc muterinlly false or �
<br /> r inaccurate infortnution or statements to Lender(or failed to provide Lender with;u�y material information)in comiection with �
<br /> .� the Ioan evidenced by the Note, including,but not limited to, representations concerning Borrowerti occupancy of the =,:-
<br /> Praperty as a principal residence. [f this Security Instniment is on a Icasehold,Borrower shull comply with ull the provisions �
<br /> - =-'"`�°'—'-"'�'---'=---=_-=� otthc tca�c. tf Sorro�:•er acquires fte ilile Lo thc Proy++�ny,thP Ira.elx�id imd the fee title�hall not meree unle�x Lender agree� .
<br /> to the merscr in writing.
<br /> 7. Protectian of Lender's RighRs in the Property. lf Borrowcr fuils to pertorm the covenantti and agrcements —_
<br /> cont:�ined in thiti Security Instrument, or there is a legal proceeding thut may signi�cantly uffect Lender'x rightx in the �"
<br /> � Property(such as a praceeding in bankruptcy,probute,for condemnation�r forf'eiture or ta enforce lawc or reFulationsl,then �
<br /> Lcnder muy do und pay for whatcvcr is nccessary to protcct thr valuc of thr Propeny und Lender's righu in thc Pra�xrty. i"
<br /> Lender's uctions muy include paying any tiumx secumd by a lien which hu+priority over thi�Security In+trumrnt,up�xaring ���
<br /> in court,puying rcasonuhlr attorncy+'fecs and entering on the Pro{krty to muke repair�. Althoagh l.ender muy tukr uction --
<br /> under this parugraph 7.Lcndcr d�x�:not huvr to do sn. —
<br /> �+� Any amountti di�bur.cJ hy Lender under thi�puragr,►ph 7 ,hall Ikrome uJditional drht of Born�w�rr,ecured b�� thi� � .
<br /> Sccurity Instrumcnt. Unlcti�Borrowcr and Lcndrr agrrr ta��thcr trrni,uf paymrnt.thc,r am��untti,hall tkur intcrcrt frum the
<br /> ,� F dute of disbursement ut thc Notc ratc und shall lx payable.with intcrext,upnn noticc frum Lendcr to Borrowcr rcyucsting
<br /> �:;.
<br /> puyment.
<br /> ;� 8. Mortga�e lnsurance. If Lrndcr rcyuireJ mortga�c intiunmre a.u ronditiun of making the Ieian tiecurcd by thiti �''
<br /> � Security Instrument, Bittroa�cr+hall pay the prctnium+reyuired to maintain thc mongagc inyur.�ncr in cffcrt. If,for uny �°
<br /> � naxon. the mortg:►ge inwrancc r�wrrugc requircd hy l.rndrr lap.r, ��r cca�e+ to ix in eftcct. Borrower shall puy the — .
<br /> . ' prcmium, rcyuimd to ohtuin rovcragr .ubHantiully rquivalent to the rn��rtgage imue:mrr previou,ly in c!f'crt, �t a ro,t
<br /> sub�tuntially cyuivulrnt to the co.t to Borrowrr i�f the mortgagr imurancc prcviuu.ly in cftcrt.from un.iltemate mortgage
<br /> insurer uppr�wcd by I.cndcr. IT.uh,umtial ly eyuivaknt m�ingugr in.urrncc covcra�c i,n�u availahlc,Borrowcr shtill pay to
<br /> ' . Lendcr each month a tium ryual to onc-twrltth uf thc yrarty munga�r in,urancr premium txin�paid hy Borcowcr when the
<br /> in+uruncc rovrragc lap.ed��r cra+cd to lk in effrrt. Lrndcr w•ill arrr�t,u�c and rrtuin thc.e paymrntti a.a lo„rrtiervr in liru
<br /> • of mortgage in+urunce. Lo,. rexrvr payment.may no longrr ix rcyuircd,at thr optiun of I.enJer,if nwrtgage intiurunrr
<br /> covcrage(in the amount and for thr pencxi that LrnJrr reyuirr�)providrd hy an imurer uppruvrJ by Lrndrr again lxromrti
<br /> , uvailable and is obtrined.Borrowrr+hull p:ry thr premium,reyuirrd to m:►intuin murtgage in,urancr in rftoct.or tu providr:► �
<br /> loss reserve,until thc Ryuiremrnt fur mottgagr imuranre�nd,in urrorciunre with any w�ittrn agrcement hetwrcn Borrowrr �,
<br /> v pnd Lcnder or applicahlc luw. '
<br /> � 9. Impection. Lcndrr��r it.agrnt may makc rea.onahl.rntricti u�xm:md in.Fxrtion,ut�the Pro�rty. l.endrr,hull ;
<br /> , r � givc Burrowrr n�xirc at thc timr uf�ir prior tu an in.�ction,�xcif�•ing reu.onahlc ruu.r titt thc in,Fxction. '
<br /> 10. Condemnation. Thr pr�xrcJti ut'any award or rlaim ti�r danr.��:«.dirrrt�,r run.ryurntial.in ranncrtion with any
<br /> � S�nEl�hamlY--F'wnnk�tne/FrrddlcJUuCVIFUR�111ti"fRl�1F.\'f•-l-ndurniCo�rnrnt. 9�411 qr,r�r���/n�ti�t,��� ;
<br /> . . � � �ar.x I.Yn 14�.:t�F�rm•.I�K �
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