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<br /> p.�a,a�n c�a���.. ���«�,a��e�����,���w�;«x w�.�a�rti
<br /> appmvd whkh�hall not be unro�w�biy witl�heW. lf Bormwer fdl�w m�intain cavera�e dacdbod sbove,i.ender mny�at
<br /> I,p�detl►optk+n.abtaln covera�e a protecl l.endery ri�in the Praperty in�cwxdu�oe wlth p�n�rnph 7.
<br /> Afi iawrance pdkk�nd renew�ls�hall be�oapubk to I.ender�nd shall include a sundard mort��e ctau:e. i.ender
<br /> - � �hall iuve the rirht to hoW the poNcia and t+diewat:. Yf Lender requirC,f3onower tha{i promptlY�ive to Lendor dl tecciptr ---
<br /> of p�id pntmfutns and tenew�l ndker. In the ovent of lara,Borrower rhrll�ive prompt notice w the inwrYnce carrier and
<br /> Lwader. l.eedet m�y m�ke proof of las ii nd mada panptly by Rorruwer.
<br /> �. Unk+u�Lender and Bortower atherwise�gsbe in writing,insuratxe pcoceods shall be appliod ta reatorntion ar rcp�ir of
<br /> thep�p�y dama�ed,if the as�oratlon or rcpalr is economically feutble and Lenderk �ecuriry is not lessened. [f the
<br /> rcston�ti -on ar rep�ir i�not economirally tensible or Lenckrh securiry would be leuened.the in�urance�xocads ahull be
<br /> -_�—�-- appli�xl w�la swnr se�:urcd by thiti Securlty InsUumeiit, whether or not then due,wlth any excess paid to Borrower. If
<br /> Bormwer abu�dons the Propeity,or daei not+mswtr wlthin 30 days a notice from l.ender that the insuru�c�curkr has
<br /> ofFecrd to�eqle a daim,then Lender may colkct the incuriu�ce p�viceeds. I.ender may use the procads to repair or rcstorc
<br /> the P��opeRy or to pay eums secured by thii Security Inatnunent.whedx,r or not then due. The 30�day pedod will be�in when
<br /> __ the naice i�given.
<br /> Unku Lender w�d Barower wherwix agrea in writing,any applicAtIon of proceeds to principal shall not extend or
<br /> postponc the due datc of the monthly puyments rcfem:d to In paragraphs 1 ond 2 or change the amount of the payments. If
<br /> under puagmph 21 the PropeAy is scquircd by Lendcr,Borrawer�: right to any insurance policies and pcoceeds cesulting
<br /> from d�nagc to the Propeny priar to the xquirition sfull pass to Lxnder tu thc extent of the sums securul by this Secudty
<br /> Guuument immediately prior to thc acquisition.
<br /> 6. Occup�ncy, Pre�ervtlion, M�intea�nce And Protectbn ot the Property; Borrower's Lo�n Applkatlon;
<br /> LeauhoW�. Borcower sha!!accupy.cstablish,and use the Property us Bornower ti principal residence within sixty days after
<br /> — the executiat aF this Secu�ity Instrun�ent and rhnil contlnue to c�ccupy the Property�Barrowcrk principal residcncc for at
<br /> Ieast one year after the date of accup�ncy, unless Lender utherwise agrees in writing, which consent shall not be
<br /> ' unrcasonably withheld,or unlcss cxtcnuating cir+�umstances exist which are beyond BorrowerS control. Bomower shall not
<br /> dextroy,damo�e ar impair the Proprrty, allow the Property to detcriorate,or commit wastc on the Property. Borrower shall __
<br /> be in default if rny forfeiture action ar proce�ding,whether civil or criminal,is begun that in Lender� good faith judgment
<br /> " could result in farfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or
<br /> l.ender�security intercst. Borrower may cure such u default and reinstate,as pravided in paragraph 1 S,by causing the action
<br /> or procading to be dismisr•ed with a ruling that, in Lendcr�gaod fuith determination,precludes forfeiture of the BonnwerF
<br /> intercst in the Property or other m:+terial impairn�ent of the lien crcated by this Securiry Insuument or I.ender's cecurity
<br /> interest. Bomower shall also be in default if Borrower. during the loan application process, gave materially fulse or
<br /> inaccurate information or statemen�s to Lender(or failed to provide l.ender wlth any muterial infortnation)in connection with
<br />. the Iwn evidenced by thr Note, including, but not limited to, repmsentatfons conceming Borrower's occupancy of the
<br /> ,. Properry ss a principal residence. If thic Security lnstrument is on u tca�ehold.Bortnwer shall comply with all the provisions
<br /> �+a�:;t.�: ' of thc Iease. If t3orrower acquires tee nt Ie to the f'roperty,the leaschoid and the fee titie shaii not merge uniess i..ender agrees
<br /> `����°�' to the merger in writing.
<br /> , i�.r�'��;�" . 7. Protectbn ot l.ender's Rights in the Property. If Borrowcr fails to perForm thc covenanGs und agreements
<br /> ;.!�i,,; contained in this Security Inswment, or there is a tegal procceding that may signifiruntly uffect Lender's rights in the
<br /> '•f Property(such as u praceeding in bankruptcy,probate,for condemnation or forfeiturc or to enforce laws or regulations),then
<br /> � ,5.;';`,;� . L.ender muy do and pay for whatever iti necessury ro protect thc valuc of the Property;u�d Lender's rights in the Property.
<br /> ,�N-�{�� ��. �;� Lender's actions may indude paying any sums secured by a lien which has priority over this Security Instrument,appeuring
<br /> ' :i. •�` y,.,:.;:r• ' in cauct,paying reasorwble attomeys•'fees and entering on the Property to makc rcpairs.Although Lender mny tnke action
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<br /> ,�;>,.,�..�,,,.,�,��, under this paragraph 7,Lender does not have to Jo so. _
<br /> �.• {`� ' Any amounts disbursed by Lender under this p•rr•rgraph 7 tihall become additional debt of Borrower secumd by this -°
<br /> - ��d�' Security lmtrument. Unlcss Borrowcr and Lendcr ugrce to other tertns of payment,these amcwnts shall bear interest from the ---
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<br /> �.;' ��r.�•..� •- date of disburscment at the Note rate and.r•hull be payAble,with intemst,upon notice from l.ender to Borrower rcquesting _
<br /> '��.��:_`.. ., Payment. �.�
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<br />- �-r;.;h;•,.�'��-� . 8. Mortgage Insumnce. If Lewder reyuircd m�>rtgage imurunce as a condition of makin�the lain xecured by t6is �-
<br /> n•-• :�. . Security Instrument. Borrower shall pay thr prrmiums reyuired tn maintain the mortg•rge insua►nce in effect. If, for any —
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<br /> r`r F.'-r - rcawn, the mort a e insurrnce coverr e re uired b Lender la ses or craseti to he in effect, Borrower shall a the
<br /> •,A�.,,_� . S 8 S 4 Y P• P'Y
<br /> ;:�••:,c. : �. premiums required to obtain coverage substuntiully ryuivulent to thc murtgagc in�urancr previously in effect, ut a �ost
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<br /> .�;,,.,,.• substantially cyuivalent to the royt to Bormwcr of'thc mongagc insur,uice pn�viously in cffrct,from an altcmatc mortgage
<br /> '�' =�,..---•- insurer s►pproved by Lender. If subtitantially cyuivalent mortgagc insurancc coveragc i�not available,Borrowcr shull pay to
<br /> ''��••��'�• ' L.ender each month a rum equal to one-twclf'th of the yearly mortgagc in+uranrc premium bcing paid by 6oROwer when the —
<br /> ,� .,. . . insurance coverage lapsed or cea,cd to tx in etfert. Lender will arrept,u.r and retain thcu payments a�31oss reserve in lieu �,-
<br /> � N�-'`,;, , of mortga�c insuranca Loss rescrvc paymcnl+ may no tongcr Ix:rcyuircd,at thc option of Lcndcr,iP ntortgage imur�ncr --
<br /> coverage(in the umount i+nd for the period thut Lender nyuire+>provided!�y an in,urer approvcd by Lender ug�in beromes
<br /> , � •, available and iti abtained.Bonower,hal l pay the premium.reyuired to maintai;i mortgage insurance in effect,or to provide a -
<br /> loss mservc,until thc rcyuircment for mortgagc insurancc end�in arrordancc with any written ugrccmcnt hetwecn Borrower �' '
<br /> ,{, .�... - and Lender or applicuble law, j`=
<br /> 9. Inspectton. Lendcr or its agrnt may makr rrationablc cntrirs u�xm unJ in�prction,of the Proprny. Lender shall �_
<br /> , �'�- � ` give Borrower notice at thr time of or prior to an impecticx��pecifying rcationable cautie fi�r the insExrtion. �„�
<br /> _._.. 10. Condemnation. The pmceed�of:►ny uward or rlaim fur Jamage�,dircct i�r conwyurntial, in connertion with any �:`
<br /> , Singlc Family-•Fwnie 8fre/Fieddk�t�c C'ti1FOR11 INtiTRL'�tl:hT-•Uniturm Co�cn:mt. 9/90 r�rer3��jn pueP.t� :�
<br />� • �:�rN I.�tes Bu.ur,w F�.tnr� � .-
<br /> ��. ToUd1rUY�1-NOd:.9P9393 O FAJI61&79L�131 yr..`
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