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<br /> porioa�ttt�t t.et�der roquir�. 9t�e uuunnce c�crier provialn�aie i�uur�na,n.l�be cho.n►by Bo�uwer wbject ta L.atdar�
<br /> �provd whlch�11�at be ume�oaably wkl�hetd. lt Bomnwu f�ll�w mdnt�ie carerase dacdbed�bove,l.«�mry.r
<br /> � L�derti optlon.o6qln rovaye w polxl l.eaderti rijhts in the�y in�ccard�noe with p�rynph 7.
<br /> A11 inwnmce polbcits md t+enewaL sh�ll be�o�lable w �utd�hall ir�clu0e�t�rd matp�e claure. i.a�fer
<br /> �4 h�ve the rijM w hold dx polkias�nd t�enew�le. Tlf l.emkr raqui�.Eian+nwer�haL prampNy�ive to Lender dl ronelpu
<br /> � af paid prcmiums�nd renewal tatkes. In the event of lou.Borrower rh�ll�ive prMnpt notka w the ituuance carrier and
<br /> l.mder. l�qnder may mslce praof of bss if not m�de P�P�Y by Hamwer.
<br /> Unksa Lendet and Bart,wer ott�erwi�e a�t+ee in writin�.inwnuue p�ccred��h�li be applied to�r�estcxatlan or repait of
<br /> R-- �-- thcP�p��ty damared, if tlx�staraslon or rrpnir is ec�omicnlly f�e+ihk arni I.enderh +ecarity E, not le�xned. If the
<br /> re�t ion-a rep�u ia not ecanomically fe.�aibk or I.ender�security wauld be lesset�ed.the insurance proaed��a11 be
<br /> appliod W the sums secuned by thi:Securiry Inauumen�whether or not then due.with any excesa p�id to Bomower. If
<br /> Barcuwer aMndons the P��operty.or does not aaswe�within 30 days a notice from Lender that the insu�nce c�rtier hiu
<br /> offerod to�eule�cl�im.then Lender m�y colixt the insura►ce proceed�. Lender m�y uae the proceeda to repair or reatorc
<br /> the!'t+opcRy or to pxy siun�sa:urcd by this Sxurity Instnunant.whether or not then due. The 30-dny pedod will be�ln when
<br /> the notice is given.
<br /> Unless Lcndcr:u�d Borrower otherwlse agree in wdting,any upplIcatIon of praceeds w princ}pal shall not catend or
<br /> postpone the due datc of the monthly payments referned to in pangnphs 1 und 2 or change the amount of the payments, !f
<br /> under p�uagraph 21 the F'�npe� is acquired by Lender. Borrow�r+s right to any insurnnce policies and procads resulting
<br /> fram damAge to the PropeRy pnor to the Acquisition shall pass to Lender to the extent of the cumc secured by this Security
<br /> Inurument immediatety prior to the acquisition.
<br /> f. Occup�ncy, Presecv�tioa, Matntenance and Protectton ot ihe Property; Borrower's Loan Applicatton;
<br /> l.weholds. Bortawer shall cecupy,establish,and use the Praperty as Borrower+s princjpal rcstdence within sixty days after
<br /> Uk exrcudon of this SocurIry Insaument and shall continue to occupy the Property as Bu�rower�s principal residence far at
<br /> -- --- least aK year af'ter the date of occupancy, unless l.ender otherwise agrees in writing, which consent shall not be
<br /> - unreasonably withheld,or unless extenuating circumstanees exist which ure beyond Bomowerl control. Bocrower shall not
<br /> destruy,damage or impair the Piroperty.allow the Property to detcriorate.or commtt waste on the Property. Bornowcr shall
<br /> be in defau(t lf eny forfeiturc action or prceecding,whether civil or criminal, is begun that in Lender§good faith judgment
<br /> ��•.� conld result in forFeiture of the Properry or otherwise mnterially impair the lien created by this Security Instrument or
<br /> [.ender's security interest. Borrower may cure such a default and reinstute.a,provided in p;u�agraph IR,by causing the action
<br /> _- or proceeding to be dismissed with a ruling thAt,in Lender�good fnith determination,pr�ecludes forfeiture af the Bormwerh
<br /> intercst in the Properry or other material fmpuinncnt of the lien crcated by this Security Instrument or Lender� security
<br /> . interest. Borrower shall also be in dcfault if Borrower, during the loan applicution {xacess, gave muteriully fAlse or
<br /> ineccurate information or swtements to Leixier(or fuiled to provide Lender wtth any material information>in connection with
<br /> -- the loan evidenced by the Note, including, but aot limited to, representations conceming Borrowerti occupancy of the
<br /> � Property as a princip�l residence. If this Secui9ty Instrument is on u Iea�ehold,Borrower shull comply with all thc provisions
<br /> _ _ of the leacc. If Borrower ocquires fee title to the Property.thc leasehold and the fec title sh�ll not merge unless Lender agrces
<br /> to the mcrgcr in writing.
<br /> �`� �'��; 7. Protectbn ot[.ender•s Rights in the Property. If Borrower fails to perfarm the covenants und agreements
<br /> � �ir�'.�+ ' contained in this Security Inxuument. or there is u legrl proceedin�that may significantly affect Lender's rights in the
<br /> ' iT.. `Y.� y+Jt�'.
<br /> .r ,� ��'� Property(such us u praceeding in bankruptcy,probute,for condemnution or forfeiture or to enforce luwc or regutations),ihen
<br /> ' ��+ Lender may do and pay For whatever is necessury to protect the value of the Propeny and Lender�rights in the Property.
<br /> `y ..;;�;�;.1��f.�,;;,:.� .��: Lender's actions may inctude paying any sums xecured by a lien�vhich huti prioriry over this Securiry Instrument,uppeuring
<br /> °;��";;''�,•;• �"" in caurt,payins rcASOnu b le uttomeys'fees an d entcriog on t he P r operty to ma ke repairs. A lt houg h Len der muy t a ke act ian
<br /> ' .�F�%�t c';�� � '�'�';'��. under this paragrrph 7,Lender dces not huvc w du�o.
<br /> . ; ;;.�:, : :';.�;�• My umounts disbursed by Lender under thix paragr+►ph 7 shall beromc addition:d debt of Borrower tiecured by this
<br /> -,,,,; Security instrument. Unlexs 9orrowcr:�nd Lcnder agrcc to other terms of payment,thetie umountti shall beur interest fmm the =
<br /> -,�.. date of disbursement at the Notc rute and shuil tx payable,with intcrest. upon noticc from Lendcr to Borcowcr requcsting —
<br /> /+,.. :�.+�•:.• puyment. -
<br /> ,a,r,u�.��;:.n.,_• - 8. MortR�ge InsurAnce. I(Lrnder requircd mortgugc insurance as u conditi�m of m;iking thc loun secund by this
<br /> '� "•�•1•"' - � Security Inxtrument, Borcower shall pay the premiums rcyuimd to msintain the mortguge insurance in effect. If,f�r any
<br /> • • " "4' mason, thc mortgagc insurancc covcragc �cquimd by Lcndcr lupsc� or ccu�c� to Mc in effcct, Bormwcr shall puy thc
<br /> '�"'°"""" ' ' rcmiums rc uircd to obtain covera*� tiubstahtiaU c urv.�lrm to the mort .��� insurunce r�v�ousl m effcct, at u cost
<br /> ;, ,_ ' P G b' •� Y 4 � ' F'�' P ' � Y �
<br /> substantially eyuiv:�lcnt to the cost to I3urrowrr�if thr mortgage in,ur•rncc previously in eftect, from an�Itemate mortg•rge
<br /> • insurer approved by Lende�. ff su6stantially eyuivak nt mortgage inwcunce coveruge is not uvaila6le.Borrower�hull pay to
<br /> ����� Lender euch month u wm cyual to onc-twcifth of thr ycarly mortgaFc insurance prcmium lxing paid by Sorrower when the
<br /> ' ���,�,•, . insurance crnerage lapsed orceasrd to tx in rffert. Lrnder will accept,utie and retain thrse paymenis a,a lors reserve in lieu
<br /> �'�' of mortgage insurancr. Lo,s rc.erve payment.muy no longrr Ix rcquirrd,ut thr uptiun of Lcnder, if mortgage insurance -
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<br /> Y •� - coverage(in the umount and for the{xrial that Lrndcr rrquirr.)pmvideJ hy an insurcr approved by Lender again Ixcc►mes `
<br /> '� avnilable und is obtained.Borrower tihall pay thc prcmiums nyuirrd�o maintuin mortgugc in�uruncc in cffcct,or to pmvide a °
<br /> - • �'� � loss reserve,until the rcquimment for morigage io�urance ends in accorclunce with uny written u�r.ement between Burcower z
<br /> �� "" and Lendcr or upplicublc luw, -
<br /> � `� 9. InspecNon. Lcnder or its agent may makc natiunahle entrir,uFxm and in+�xctions of thc Profxrty. Lender xhull �
<br /> �." _ sive Borrower notice at thc time of or prior to an in�Fxction��xrifying rea.onahl�rause ti�r the im�xrtion. €`
<br /> ,� 10. Condemnation. The prcxeed.uf uny award or cluim ti�r dama�r..dircrt c�r conticyuential,in connection with•rny
<br /> � �� Singk F�mily--Fannk M�IFlyddk�tac I�NIF(1N�11titiTRl��1F:NT••Unitonn Co�.•nant. Y/90 rp,�x�'���JA��,�g�s� ��
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