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<br /> . perlod�thu I,,ender requirca. Tt�c iruurance curier provldln�the insurn�ce�hdl bc clio�cn by Bo�rower subl�ect w l,endor�
<br /> approvd whkh rhdl not be unrcuon�bly withheld. If Bamwe�fi�ls to m�lmain cover��e dacdbed�bove.�dx nuy,�t
<br /> L.adert optio�.ablain coverqe to potec:t l.aido�lt rislw in the�Pl�aperty in�ccoedance Mith Pd'N�9•
<br /> All iiuw�ance policia md r�wds�hall be axeptabic to nder u�!�11 include�aluidard mon��e cl�w�o. Lender
<br /> �h�ll lu�vc the ri�ht W hold the palicia�nd n�ew�ls. tt'Lender r+equtro�.Bormwer shall pranptly�ive to Leoder dl raxipts
<br /> of paid premiunu u�d�enewtl notica. In the event of losc.Barower shall�ive prompt nutice w the insuru�ce canixr�nd
<br /> L,a�der. L,pder nuy m�e proof of low if aot made promptlY by Sarower.
<br /> Unlecs I.ender u�d Barower ahervviye�Rree in writin�{,insurance proceeds shnll be applied to r�tu�tlon or repair of
<br /> � �—� the y dam+�gai, if�he c�o�a�ia�or r�pair ic ewnomicalfy fucibie and l.ender�s securiry is noi tessened. Lf the
<br /> nau�or npair ia not economic�lly feasible or Lender�a security would be le�senod�the iruurancc proceeds shall be
<br /> appl�ed w tl� sums securai by this Secudty lnstrumenb whether or not then due,wlth any exass pxid to Sorrower. If
<br /> Bomower �bandons the Property.or does not Answer within 3Q dAys n notice from Lender that the Insurance carrier h�a
<br /> offe�ed to settle�claim.then L.ender may collect the insurance proceeds. Lender may use the prooeeds to re�r or restorc
<br /> the Property or to pay sumc soeured by this Secudty Instrument,whether or not then due..7be 30-day poriod w II be�in when
<br /> the notice ia given.
<br /> Unless Lender and Botrower othenvise agrec in writing,uny applicada�ot proceeda tu princlpal shaU not extend or
<br /> poscpone the due date of the monthly payments refemcd to in paragraphs 1 a�d 2 or changc the amonnt of the payments. lf
<br /> under paragraph 21 th�Property is acquired by Lender,Borrower�s right to eny lnsurance policfes nnd procads resuldng
<br /> from dunage to the PropeRy pdor to the acquisition shall pass to Lender w the extent of the sums sxurcd by thi�Security
<br /> In:trument immaliately pdar to the acquisttion.
<br /> 6. Occupwncy. Preservntion, Mainteaance and Protectbn ot the Property; Borrower's l.o�n Applkationi
<br /> Leaaehoids. Bortower shall occupy,estebllsh,and use the R�opeay as Borcower�s principal rcsidence within sixty days after
<br /> " the exxution of thIs Security Instrument and shall continue to occupy the Property as Borrower!c principal residence for at
<br />- least one year ufter the date of occupancy, unless Lender otherwise agrecs In writing, which coasent shall not bc
<br /> unreasonably withheid,ar unless extenuating circumatances exist w��ich are beyond Ba:ower�s wnuol. Borrower shall not
<br /> destroy,damage or impair thc Property.allow the Property to detcriorate.or commit waste on thc Property. Borrower shall
<br /> '' be in default if any forfeiture action or proceeding,whethcr civil or criminal,is begun that in Lender�good faith judgment
<br /> could result in forfeitu[e of the Property or othenvise matedaily tmpair the lien created by this Security Instrument or
<br /> ' [.endert securtty interest. Borrower may cure such a default and reinstute.as provided in paragraph 1 S.by causing the actton
<br /> or procceding to be dismissed with a culing that,in Lender's good faith determu�ation.precludes forfeiture of the Borrowcr's
<br /> interest in thc Property or other material impuirment af the lien created by this Sccurity Instrument or L.ender�security
<br /> intec�es� Borrowe� shall also be in defuult if Borrower, during the loan applicution process, gave materiully false or
<br /> inaccurata information or statements to Lender(or failed to provide Lender with siny materinl information)in connection with
<br /> - '�t � the loan evidenced by the Note, including, but not limited to. repnesentutions concerning Borrower's occupa�uy of the
<br /> ,,4 Propecty as a principal,msidence. Tf this Security Instrument is on u leasehold,Borrower shall comply with nll thc provistons
<br /> • i of she lea:x. !f Sorros!Kr acquirts fee titlt to tht�rty,the MASehold und the fee title shall not mcr�e unlesa C.endnr agreec
<br /> to the merger in writing.
<br /> „ Y ,, � ... • .. ..,.w, 7. Protectlon oP I.ender's Righ4g in the Property. If Borrower fnils to perfortn the covenants and ugrcements
<br /> u�A'ti...��J.Y��:' �-r�,N
<br /> .,:,.1, �,_s•,,.,=- :. contained in this Security Instrument, ar there is a legal proceeding that may signiGcantly affect LenderE rights in the
<br /> :^�"*�"" Property(such os a proceeding in bankruptcy,probate,for condemnution or forfeiture or to enforce luws or regulations),then —
<br /> .��',.'-' • '.'•� Lender may du and puy for whatever is necessary to prutect the vuluc of the Propeny and Lender's rights in the Property.
<br /> ,,��;;,;.;, , Lender:s actions may include paying any sums secured by a lien which has prioriry over this Security Instrument,uppearing
<br /> in court.paying reasonuble uttomeys'fccx und entcring on the Propcny to makc mpuirs. Although Lender may take action
<br /> "''� � ' ' under this paragraph 7,Lcnder docs not huvc to do so.
<br /> � • t•. '".�x Any amoants disburscd by Lendcr undcr this p:u'ugraph 7 shull become additional debt of Bortower secured by this --
<br /> �""�'��;�"'�` Securiry lnstrument. Unless Borr�wcr und Lender agrce to other tenn.of paymcnt,these amounts shall bes�r intercxt from thc
<br />— �;�Jrt'i;.,�:;� date of disbunement at the Note r:►te nnd shuii be payublc, with interc,t,uE,uu�wlica Gun►L�nJ�r to 12orrowcr rcyucsting �- --
<br /> . . . payment. _-
<br /> � . 8. Mortgage lnsurance. If LenJer rcquircd mimg.ige imurimre as u condition of making the loun secured by thiti _
<br /> � � Securiry instrument, Borrower shall pay thc premiurns required to maintuin thc m��rtgugc lnsuranrc in cffcct. If, for any _
<br /> "� reason, thc mongagc insur,�nce covcrage requireJ hy Lcndcr lupzcs or cc�ses to tx in efPect, Borrower shatl puy thc _,
<br /> premiums rcyuircd to obtnin covrrugc sub.tuntiaily ryuivalent to thc mortgugc in�urance prcviously in effect, ut a cost
<br /> substantiulty equivulent to thc cost tn Borrowcr of thc mortg:�gc inzurancc prcviou�ly in effect,from nn altcmate mongagc �==
<br /> � inwrer approvcd by Lcnder. If subxtuntiully cyuivalent mortgugc insuruncc covcrage is not avuilable,Borrower xhall puy to
<br /> � �� Lendcr cuch month u sum eyual tu one-twelflh of thc ycarly murtgagr insurancr premium being paid by Borrowcr when the
<br /> A` �;�: insuranee coveruge lap.�ed or cea�ed to tx in rffert. LenJer wilt accrpt,u�r and rrtain thrx puymentti u.a loss rexervr in lieu --
<br /> of mortguge insurance. Loss rescrve paymr.nts may no longer tx rcyuired. �t thr option of Lender, if mortgage insurancc _
<br /> ' _,;,�. covcragc(in the unount and for thc perioJ that Lcnder myuires)pruvided by.ui in.un:r uppn>ved by Lendcr uguin becomes `•
<br /> �� uvuilublc and is obtaincd.Borrowcr shall p•ry thc prcmiums reyuinJ tu maintain mort�a�,c mtiurancc m effect,or to provide u �
<br /> ,.-.,... losc rcxervc,until the requirement far mortgage insurancc cndx in aceordunrr�vith��ny wriucn ugreement bctwecn Bormwer �
<br /> and Lender or applicuble law.
<br /> , 9. Inspection. Lender or itti:►gent may make rca+onuhlc entrirs upon:md in.�rtions of tha ProFxrty. Lender shall -_
<br /> i � sive Borrower notice nt thc timc of or prior to an ins�xrtion,perif'ying rc.►.onahlr cautic fur thr in�Ex rtion. �;;�
<br /> � 10. Condemnation. Thc prcxceds of any uwurd or claim titt Jama�,e..Jircrt or romcyucntiul,in ronnertion with•rny -
<br /> � Singlc Family•-FAnnle Nrc/FYcddk�tvc I�NIFURII IM1STRU�IF.NT--Unit�xm Co�rnan�, 9N1U lpege d�/e p,�x,�.,�
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