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-' .�' `..�' RE R " �
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<br /> � P��+��+��Wie�a. Tho Inwrnca curkr providit�the inwr�nce rh�ll be cho�a�by Bonower subjxt to Leederti
<br /> • apprav�l which sh�ll not be unre�uon�MY withi�old. If 8urowet faib W n�aintain cova�e desc:dbed aboMe.l.a�der mey.at
<br /> ' Le�wlerk option,obuM rnvaa�e w poloot T.e+�darlt d�ht�in tho F'ropeny in�ccordMta with{�n{rsph 7.
<br /> � Ail insur�nce polkies�nd taiewW�sluill be Moaptabk to l.endar�ad�hrJl inctude R�t�ndad mort��e clau�o. l.ander
<br /> sh�ll h�ve the ri�ht to hoid the polfcie��nd ronewalr. lf Leader requlrcs,Bortawer shrll penmptlY aive to i.ender dl receipts
<br /> of p�id pemiums�nd rcnewd twticcs. 1n tho event oi low.Harmwe��hal��ive pron�t nwla a�he Mwrmce c�ur�er�nd
<br /> ��_.=._,-=--�—e..� Lender. l.ender m�►y m�lce pr+cwf of lou if not m�de pcomPdY bY Barower.
<br /> Unku Lender and Barower aJ�ecwise a�roe in wdtin�,insurmce pro.ceods�11 be applial w restw�iun or rep�ir ot'
<br /> the property d�m�Qed.if the reuor�tian or repwir is eco�wmically fe�uible and l.enderl��ecurlty !s not leasened. If the
<br /> RRIOfAI�on or rcp�ir is not eca�omically feasibk or l.enderl�aecurity would be leuened,the ir�surw�ce proceod� �h�ll be
<br /> - applied to the aum� secured by this Secudty lnunimen�wf�ether or not thae due. with�ny exce:z paid to &xrower. !f
<br /> Borrower abuKton:the F'roperty,or docx noc answer wlehin 3p diys a natice from Lender thu the in:unnce cartler has
<br /> offercd ta settle a cls�im,then l.endeer may collect the insunu►ce proceods. Lender may use the procada to rcpair or re:tore
<br /> the Property or to pay wms secured by this Security lnstrument.wixther or rat then due. 71ie 30�day period will be�in when
<br /> the notice js given.
<br /> Unless Lender and B�rnower ottierwlse a�ree in writing,any applkatlon of proceeds to principal ahAll not exund or
<br /> postportc the due date of tix monthly paymenUS referted to in puagrnphs 1 and 2 or change the amount of the payments. Jf
<br /> under pangraph 21 the Property is acquired by Lender,Borrower�right to any•insurance policies And proceodt rcault�ng
<br /> fmm dsmage to the Pmpeny ptior to the acquisitfon chrll pass to Lender to the extent of the sums securcd by this Seeudty
<br /> Instrument immediruly prior to the acquisttion.
<br /> 6. Occupsncy� Praerv�tlon, Mdnterwnce aad Protection of tMe Property: Borrower'a Lan Appikation;
<br /> -" I,eysehulda Barrower shall occupy.establish.and use the Property ws Eiorn►wert principal nesidrnce within sixty derys xfter
<br /> . the execution of this Security Instcument and shall cantinue to occupy the Propecty as Bomnwerh princi}�al residence for at
<br /> least one year after the date of occupancy. unless Lender otherwise agnxs in writing. which consent sh�ll not be
<br /> • ? ri=•~•^r��:.. unrcasonably withheld,or unlesti extenuating circumstances exist which ar+e beyond Borrower�control. Borrower shaU not
<br /> destroy,damaga or impair the Property.allow the Propecty to deuriorate,or commit wuste on the Properry. Borrower shall
<br /> ��^ be in default if any forfciture action or proceeding,whethe�civil or criminal,is begun that in l..enderk good faith judgment
<br /> l ..., . .
<br /> could result in forFeiwre of the Propecty or otherwise materially impair the lien crcated by this Securiry lnstrument or
<br /> • Lcndert security intercst. Borrower may cure such a default and reinstate,as pmvided in puagraph 18,by causing the action
<br /> _ ,�=. 'Y>���•;'n:: • or pracading to bc dismissed with a ruiing that,in Lender�s good faith dctcnnination,prccludes forfeiture of tt�e Borrowcr's
<br /> �'''"`��`;'`�''`'"'�°`• interest in the Pmperty ar other material impainnent of the lien created by this Securiry Insuumcnt or Lender's security
<br /> ..�;'1..M''•� `.•:, va•.
<br /> • interesG Bortower shall also be in defautt if Bomnwer. during the loat► application process, gave materially false or
<br /> - .'�•'•�=��"�=�� :•�', inaccurate information or s[aterreents to Lender(or failed to provide i.ender whh eny materiul informatton)in connection wIth
<br /> ' ' .: ���w�_�,.;�• the loan evidenced by the Note, Including, but not limited to. rcpresentations conceming Barower�s occupancy of the
<br /> -- ..- . • , Property as a pnneipai residence. If[his Security t�isi�ument is an a tcasehold.8orro�:er�hs!!comply 1YSSI!EI!�ISt�!'4Y(SlOi1S
<br /> •�^'�� �� -, - of the leasc. If Borcower acquires fee tide to the Property,the leasehold and the fec utk shall not merge unless Lender aYrces
<br /> co[he merger in writing.
<br /> 7. Protectbn of l.ender's RiQhts in the Property. If Borrower fails to perForm the covenants and agreemenu
<br /> . contained in this Security lnsttument, or there is a legal praceeding that may signi�cantly affect Lender's rights in the
<br /> . Property(such as n praceeding in bankruptcy,probate.for condemnation or fo�f'eiture or to enforce laws or regulations),then
<br />_. [.ender may do:md pay for whatever is necessary to protect the value of the Property and l.ender's rights in the Property.
<br /> Lender's nctions may include payin�uny sums secured by a lien which has priority over this Security Insnument,appearin$ _.
<br /> in court,paying rcasonablc attomeys'fees and entering on the Property to muke repairs.Although Lender may take action �,
<br /> � under this parrgraph 7,Lender dces not have to do so. —�-
<br /> `,T , Any amounts dixbuned by Lender under this p.uagraph? shall becume aJditiui�ul deUt of [iorrower sccured by this `;
<br /> _�.. Sccuriry Instrument. Unlesti Bonower und Lender ugree to other trrmti of puyment,thesc amounts shall bear interest from the �•-
<br /> date of disbuncment nt the Note rutc and shall be payable,with intemst.upon noticc from Lender to Borrower requesting �"`
<br /> ,,� ��:_,
<br /> � . payment.
<br /> • , 8. Mortgage insurance. If Lender required mongage insurunce as a condition of making the loan secured by this �.-�
<br /> � Security Instn►ment. Borcower shall pay thc premiums reymred to maintain the moegage insurdnce in effect. If, for any .,,_
<br />. � rca�on, the mortgage insurance coverage reyu�rcd by Lrnder lapsex or cea�es tu be in effect, Rorrower shall puy the �-.�:
<br /> prcmiumti required to obtuin coverage subst:uniully equivalent to the mortgage insurance previou�ly i�efFect, at a cast �
<br /> subtitantially cyuivalent to the cost to Bormwer uf the mortgage insurance previously in effect,from nn alternate mortgage �
<br /> incurer approvcd by Lender. If substantially eyuivalent mortgage insurance coveruge i,nnt t►vailable,Bormwer shall pay to -
<br /> Lcndcr rurh month a.um cyual to onc-twclftli of thc ycarly mortgage insurancc ptrmium(xing paid by Borrower when thc W�
<br /> � insurance roverage laptied or ceaud to he in effect. Lender will uccept,utic anJ retain these p:�ymrntti as a loss�eserve in lieu rC_-
<br /> of morlgagc in�urance. Lu,�rescrvc payntent�may no longcr tx rcyuircd,at thr option ot'Lender,if mortgage insur:mce �
<br /> coverage(in the amount and torthe peric�d that LenJer reyuire.)provided by an intiurer approved by Lcnder ugain becomes �,
<br /> ° availahlc and iti obtained.Borrowcr shall p•ry the premium�required to maintain mortgagc insuranre in effect,or to provide a
<br /> . los�rescrve,until[he rcyuiremcnt for murgu�c insurance ends in accordancc with any written agrcemem between Borrower
<br />- and Lender or applicable law.
<br /> 9. Inspection. Lender or itti agent may make reasonuhle entrie,uEwn and in+pertion�of thr Propeny. Lender shall
<br /> give Borrower notire at thc time of or prior to an ins}xrtinn specif}•ing rcasonablr rau,e for thr in��xction.
<br /> , , � 10. Condemnation. Tlu proceed�of any uward or rlaim for dumage�,dirnrt or comeyucntial,in rcmnectian with any
<br /> _ Smgle Family.,t'unnie�tae/Freddle�fyc LNIFOR:�f I�ti'I�Rt�fE\7'..l:m(urm Co�cnan�. 9l90 �pdqr?.�jn pui�c!
<br /> � - . litat LLra NunlntM F'�mu.tnc S
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