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<br /> perlods Ihit Lender requirec. The inwru�ce c�n'kr pcovidln�the lnwrince shdl be ch�een by Borrawer�ubJect to LenderS�
<br /> �pprtwal whkh�II not be unna�wnably wlthheld. If Bamwer f�i4 to mainWn coven�e descdbed alwve.Lerder may.st
<br /> Le�d��1�optkn.obt�ln coven�e w qvtect l�ender�a�i�ht�6►the Pnoperty in+�cco�dax�e with p�rsph 7.
<br /> All 1nRUnu�ce policieR�nd r�anw�ls alwll6e uce�ble to i,ender �nd shall include R st�d��d moRgt�e cl�uae.I.endCr
<br /> �hall have the right to hold the policie��nd renew�l�. if Lsnde�requine�,�ormwer shali pnomptlY�ive to Lender�Il rocelpt�
<br /> of qid prcmiums and nnewal noticea. In the event of bsa.Barower sh�ll�ive prompt ndloe to the i�uurance c�rtier�rtd
<br /> I.erder, l.ender mAy make proof of lou if not made promptly by Bortc�wer.
<br /> Uniaa I.ender u�d Bamwer othervvise agrce in w�iting,in:urmce proceeds�h�ll bc applied to rcuo�ation or mpRir of
<br /> �--�__� thr Pr+�ny demeged, if the. rentoretkm a e+epair is ecc�c�nically feuible wid l.enderk cecurlty lr not lecsened. If the _
<br /> -- reatoratian oc repair i�nM economically feasible or l.enderk security would be leuened.the in�uruue prr,aeds�ali be
<br /> �pplied w the sums�ecured by this Secudty Instrument,whether or not then due, with any excess paid to Borrow�r. If
<br /> - Dortower abandcxis the Projxety,or does not answer within 30 day�s a naice from Lender that the insunuice curier hes
<br /> offtred to setde u cl�im,then L.ender may coltect the insurance procecds. l.ender may use ihe procads to�+epair or r�estore
<br />- the Pmperty ar to pay sumc secured by this Security Imnument,whether or not then due. The 30-day period wfll be�in when
<br /> the noticc is givcn.
<br /> -- .- -=-_�- Unless Lender end Borrower otherwiu� agrcs in writing,any applicatton of proceeds to princlpal shall na extend or
<br /> pastpooe the due date af the monthly payments rcferned to in pazagraphs! und 2 or change the�unount of the payments. If
<br /> under puagraph 21 the Property ic acquired by Lender, Horrower�right to nny lnsurance policie�and proceeds resuldng
<br /> from damage tu the Property pdor to the acqulsition shall paas to Lender to the extent of the sums cecured by thiQ Security
<br /> lnu�ment immediately prior to the ucquisition.
<br /> _,,r,,, 6. Occupwncy, PI'tSCI'VA�I011� Mpinteawnce and Protection ot the Property; Borrower's Lo�n Applk�ntion;
<br /> ` Les�eholds. Borcower shall occupy.estubifsh.und use the Praperty ati Borrower�s princip�l cesidence within sixty drys after
<br /> = the eaecution of this Securfty Inswment end shall continue to accupy the Pcopeny as Borrower's p�incipal rcsidence for at
<br /> Iratit ane yrui uf� r tl►e d �e of o� �up�ncy, u��less Lender othcrwisc agr�ccs in wdting, which consent shall not be --
<br /> urtneasonably wlthheld,or unless exteuuutu�g circa..�stances exist which are beyond Horrower+s conuol. Borrower shall not
<br />_ dea�troy,damage or impair the Property,nllow the Property to deteriorate,or commit waste on the Property. Bomower shall
<br /> ' .s " be in default if uny forfeiture action or praceeding,whether civil or crlminal,is begun that in Lender:s good faith judgment
<br /> could result in forfeiture of the Property ar othenvise materially impair the lien crcated by this Security Instrument or
<br /> - ;'`;'r� ;r„:'�;:. Lender:s security intercst. Borrower may cure such n default and reinstute,as provided in paragraph 18.by causing the action
<br /> � �,;�.;�,_ or proceeding to be dismissed with u ruling thut,in Lendert good faith detertninutian,precludes forfeiture of the 8orrower's
<br /> intercst in thc Property or othcr muterial impaicmcnt of the licn crcated by this Security Intitrument or l.ender?s recurity
<br /> t ,� `'`''�' interest. Borrower shall also be in default if Borcower, during thc loan applicution proccss. gave matcrially false or
<br /> �„�N. � '� ' inaccurute informution or stutemenGC to Lender(or failed to pruvide Lender with any muterial information)in connection with
<br /> . � �•y�,..,.: .:.� ..'
<br /> . `•.��.., ., _ ,, , the loan evidenced by the Note, including, but not limited to, rcpre�entations concem ing 8orrower 1 accuPancy o f t he
<br /> _;;'•:,;�.=,.,,,,,_.,�;,�� Property as a principul residence. lf this Security Instrument ix on a lea.cehold,Horrower shall comply with ull the provisions
<br /> _ ' "'��,�� of thc leace. If Borrower acquires fee tide to thc I'roperty.the]cusehold and the fce tidc shull not merge unless Lendcr asrces
<br /> '���..- ., •. . . to the mergcr in writing.
<br /> �" �� 7. Protection ot I.ender's Rights In the Property. If Borcower fails to pert'orni the covenunts and agrcements
<br /> contained in this Security Imtrument,ur there iti u Iegul proceedinb ihat may significuntly affect Lender's ri�his in the �
<br /> � Property(such ati a proceeding in banktuptcy,probate,for condemnntion or forfeiture or to enforce laws or regulations).then
<br /> - • Lender may do and puy for whatcver is ncccs.ury to pr�tect the valuc of thc Property ond Lcnder+rights in thc Property.
<br /> ' Lender's actiom may include paying:�ny tiumti ticcurcd by u lien whirh huz priority uver this Security Instrurnent, appearing _
<br />-= ��~��° in court,payinF reawnnble attomcys'fec+und entcring on thc Property tu mukc rt:pair+. Although Lender rnuy take uaion
<br /> � � under this psragraph 7,Lendcr docs not huvc a�do�o.
<br /> _� Any umountx ditibuned by Lender undcr this puragraph 7 shatl be�umc udditional debt of Borrower sccured by thi�
<br /> :.�,,,, Security Insttument. Unlcss Borrower•rnd Lender ugrec to other tcrniti of puyment,these umounts yhall hear intere,t from the r. •
<br /> �� dutc of disbur.sement ut the Note rnte und shuil lx puyablc,with inten,t, upon notire from Lender to Barrower myuesting �
<br /> 1�'� puyment. _.
<br /> � � 8. MortAage Insurance. If Lender reyuind mortgagr insuranec ax a rondition of'mukin�the�oan secured by this _
<br /> - Seeurity[nstrument.Borcower shull pay the premiumx reyuired to muintuin thr nnmgag�insurance in cffect. If,for any —
<br /> � rcason, the mortgagc inxur.inrr rovcragr rra�uired by l.ender lap�c�or cca�r� tu Ix in effcct, Bcirrawcr shull pay the �-;,
<br /> - premiums required to obtuin roveruge .ubstantinlly eyuivulrnt to�he mortgage insurancr previuu+ly in rtTect, at u cost —
<br /> � ` substuntiupy eyuivulcnt to the roxt tu Borrowcr uf thr morlgi�gr in.ur•rncc prcviou,ly in rffert,f�om un altematc mortgagc __-
<br /> insurcr upproved by Lendcr. If substuntially cyuivulcnt mortgagr insur.mrc coveragr is not availablc, Borruwe�shall pay to —�-
<br /> _ ` Lender cach month a sum ryunl tu onc-twclfth of thc yrurly ntnttga�c insuranrc prcmium Ixing paid by Borrowcr whcn the ���'
<br /> insurunee rnv�rage lapsed or eeax�d to Ix in rt'fect. Lender will accep[,uu and retain the�c payment+ux a lo�.rLxcrve in lira �C.
<br /> . of mortgugc in,uruncc. Losx rescrvc paymrnts muy no longrr fx r�yuiRd,at thc option ot'LcnJrr, if mortgagc in.urancc
<br /> • - covcragc(in thc umount und for ihc Exricxl th:it LcnJcr rryuirrti)pr�w idcd by c�n inxurcr appruvcd by Lcndcr aguin beromc� �"
<br /> ' , availablc and i�obt�incd.Borcowcr shull pay thc premiumx rcyuircd tci m��intain murtgagc in�urunc c in effcct,or to providc u
<br /> los,rrservc,until thc rcyuirement for mon�;uge imurancr cnd.in uccc�nluncc with any written agrrement bctwecn Borrower
<br /> ' and Lendcr or upplicab(c law.
<br /> 9. Impection. Lcnder or its agcnt muy makr rr.i�o;�ablr rntri�.upun unJ in.Ex•ctiint+uf thc Pr���xrty. Lender tihall
<br /> r � x give Borcower noticc.it thc timr of�,r priur ta an im�xctian��xrif'yinE rea,onablr rau,r ti�r t8c in.Fxctiun. R
<br /> ���� � 10� Condemn�tfon. Thc procrcdti of any awarJ or claim ti�r Jnmagcti,dirert or amuyurntial,in conncction e•ith•rny
<br /> ' '' .'+ Singk Family••F�nnle�tuelFreddle ST�c l'\IF'UNM INtiTRI'�1F.V'1'--lh�ifunn<'o�rn.uu. 9/911 qai,�,•t,�/n�Hipr�i .
<br /> .• I1tAt I�1�'+�&Iy11Mst.Y FafIM1Y.If! �
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