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<br /> __ - -- ----- . , 34• �oi�Is
<br /> period�th�t Lender roquin�. The iowru�ce c�rler providlt�the in�urnnce�h�ll be cho�ea by Hormwer wbject w Lende�l�
<br /> ap�rovxi which�ap�at be wsnwa�bly withheld. If Bomnwer failr to maint�in cove�e deicribed above.i.enda�m�y,�t
<br /> l.a�derl�option.oMain cover�e w pratect I.emieri�d�hts ln thc�Ay ie aocord�ncc wlth}�Brnpl�7.
<br /> All inw��noe pnikie��rd renewds�hatt be accmtable to L.e r ud shsll iaclude a suud�rd mortQ��e olwae. Letder
<br /> �hall h�ve the�idht to hold the polkie��nd renewtl:. if I.a�der raquire�,Bomuwer c1w11 promptlY Yive to Le��ll roceipts
<br /> of p�id premiums and renewd noticra. In the evtnt of lass.Bamwer shall�ive proimpt twtioe w Ihe ituurance cankr Ltd
<br /> l�nder. Leoder may m�lce pro�f of lo�lf nat msde pe+ar!PdY by Barrower.
<br /> .,,,_ �______,.,, Unks�Lender�nd Aorrower otherwi►e s¢roe in wndn�.Insurwice procads�II be�pplied to rcstontian or rcpair of _
<br /> � �- the�rty damaged,if the actondon or npair ie economlcally feasible and Lenderl� cocurlty is not lesKned, It the
<br /> restorat on or n�ir is not econamical�y►fe�sibk or l.ender's isecurity would be lessened,the inwnnce procoods�hall be
<br /> applied to the sums secu�+ed by this Security Instrument.whether or not then due, with any excess pAid to Borrowet If
<br /> Borrower ab�ndons the Property.or does not answer wititin 30 days a notice from l.ender that the incurance curler hs�s
<br /> offercd to settle a clalm,then L.ender may coltect the insurnnce pmceais. L.ender may use the proceeds m nepair or resuxe
<br /> the PropeRy or to pxy sums socured by this Sacuriry Instrument,whether a not then due. The 30-day perlod wUl beyln when
<br /> the notice is given.
<br /> Unlesx Lender and Borrower otherwise agrce�n writing,any applicat�on�f proceeds to princlpal slwll not eatend or
<br /> postpone the due date of the monthly payments refemed to in parugraphs I and 2 or change the amount of the payments. If
<br /> under peragraph 21 tho Property is xquired by Lender.Borrower's right to any insurance policies uKl procads rcsulting
<br /> from damage to thc Property pdor to tha acquisitlon shall pass to l.ender to the eztent of the sums sxured by this Security
<br /> Instrumw►t immodfately prior to thc acquisition.
<br /> 6. ()ccuprncy� Pra�ervntlon, MalntenAOCe And Protectbn of the Property; Borrower's I.uan AppOcyNon;
<br /> = Lakholds. Borcower shall occupv,eswblish.and use the E'nnpertv as Bomower�principal�eside�ce�within sizty dayr after
<br /> - ' • the exeeution of this Securlty Instrument and shal!continue to occupy the Property es Bo�rowrr's principat rcsidence tor at =
<br /> ��`" Ieast one year after the date of occupancy, unless Lender otherwise Agrees in wridns, which consent shall not be
<br /> : un�a�onxbly withheld,or unless extenuating circumstences exist which are beyond Borrowers control. Borrower shull nat
<br /> � •,? �E destroy.damage or impair thc Property,allow the Property to deteriorate,or commit wuste on the Property. Borrower shall
<br /> be in default jf any forfeiture action or proceeding.whether civil or criminal,is begun that in Lender!s good faith judgment
<br /> , could rcsult in forfeiture of the Property or aherwise materially impair the lien created by this Security Instrument or
<br /> ��i'� ��� Lender's security interest. Borrower may cure such a default and reinstate,as provided in paragragh 18.by causing the action
<br /> or procecding to be dismissed with a ruling that,in Lender�good faith determination,precludes forfeiture of the Borrowcr's
<br /> - intercst in the Properry or other materiul impairment of the lien created by this Security Inswment or Lender's security
<br /> " interest. Borrower shall also be in default if Borrower. during the loan application process, gave materially false or
<br /> � Insiccurate information or stutements�o Lender(or f:.iled to provide Lcnder with uny materiul information)in conncction with
<br /> . the loan evidenced by the Note, including. but not limited to, representations conc:erning Borrower's occupancy of the
<br /> ,�, '� Propetty as a principal rcsidencc. lf this Security Imtrument is an a leusehold,Borrower shall comply with all thc provisions
<br /> ;,,�;,,�;�;;,;,�:�y.,., - oi'ti�e iea�. ii'Bor�vwer acyuire�fec titie tu Q�c Pn,�dy,iI1C IC�{tultl u1�tl i��r�Cr(iilC:�ItuII�lui��ittgc Utilcaa I.diid2i t"ib'f�5 '
<br /> :.�...; , : SY . to the merger in writing.
<br /> ���ll; '•,"-� �'• ' 7. Protection of l.ender's Rights in the Property. If Borrower fails to perform the covenants and ugreement�
<br /> '- - �, � conwined in thix Security instrument, or there is a Iegal prceeeding that may significanUy affect Lender's rights in the
<br /> ;.�, ,.. r;j•. ,. Property(such as a proceeding in bankruptc:y,probate,for condemnation or forfciture or to enfarce laws or�esulations),then —
<br />". � _� �• Lender may do and pay for whatever is neccssary to protert the value of the Property and Lendcrti rights in the F'roperty. _
<br />- �. . ' Lender's uctions may include paying uny wm�xecured My a lien which has prioriry over this Security Instrument,appearing
<br /> •',:;�„«,,w.,.,,, .. in court,paying reu.wnublc attomcys'fers and entcring on the Pmperty to muke mpairs.Although Lender may take action =
<br /> . : • under this paragraph 7.Lendcr das not huve to do�o.
<br /> T. , Any amountti disbuned by Lender unJer this paragruph 7 shull become additional debt of Borrower secured by this __
<br /> _�; � ,_,_ � Security Instrument. Unless Borrower und Lendcr ugrcr to uthcr tern�,of payment,the�e unwunts shall bc•rr i�tecetit from the �-
<br /> = - ^ date of disbursement at the Note rate und tihail be payabfe, with in�ere�tit,upon noticc frum Lcnder w BuRUwe�reyuc:�iing "-�-
<br /> � , „ . payment.
<br /> : 8. Mortgage Insur�nce. If Lendcr nyuired murtgagc in+urun�c us a cundition of�naking the loan sccurcd by thiz �•
<br /> . Securiry Inurument, Borrow�cr �hall pay ihc premiumti reyuircd to muintuin the m��rtgagr intiurancc in cffcct. If,for any - '
<br /> , ' re�rc�n, the mortgage imur•rnce coveruge reyuirod by Lcnder lap�e� or ceatie+ to Fx in effect, Borroa•er ,hall pay the _
<br /> ' . . ., .. . premiums myuircd to obtain covcruge ,ub,tuntiuUy ryuiv;�lrnt to the mortgagr inwrunce previou,ly in cf(ect, at a cast _
<br /> '�' substantially equivalent to thc coxt co Borcower of thc mongagc insur:uur previou�ly in rftcrt,from:m alternate mort�•rgr °—
<br /> insurer approved by Lcnder. if substantially cyuivalcnt murtguge insurancc coverage i,not availahie,Bonower shall p•ry to -
<br /> - Lcndcr cach month u sum ryual to rnx-twelfth nf the yearly mortgagr imurance pRmium brinF paid by Borrower whcn the � �
<br /> ` '�',,. , inwranre coveragr lapsed or cea.cd to br in eftcct. Lrndrr will arcept,u,c and retain the,c payment,•rti•r lo.s reserve in lieu
<br /> ,•� �- ` of mortgage insurance. Loss reserve prymcnt�may no longcr bc rryuircd,at the option ol'Lender,if mortgage in�ur:u�ce � =
<br /> �:•r�•�- ' coverage(in the amount t+nd for the perioJ that Lender require.)pri�vidrJ by nn in,urer upprovrd by l.ender again ber��me� r -
<br /> , '';,,� uvailuble:uid is obtaincd.Borrowcr ti6a11 pay Ihc prcmiumr rcyuircd to maintain mortgaFr insuranrc in effect,or to pn>vide a
<br /> .�' loss rezerve,until the myui�ement for mort�age inwr.�nrr ends in accordance with any writtrn agreement between Borrower -
<br /> �nd Lcnder or applicablc law.
<br /> 9. Inspeetion. Lender or ir�agrnt may make Raxonahlc entrirti u�wn and im�xctiom��f thr Prc>perty. Lrnder shal l
<br /> = i give Borrowcr noticc at thr timc of or priar to an im�ction,perifyin�,rra�onaMc c;�u.c ti,r thr in.pcctiun.
<br /> :�%� �. ' 10. Condemtwtion. Thc prareedti ot'any awurJ��r rluim titt Jumage.,direct or r�nseyuential,in conncction with uny
<br /> lr � Singlc Family•-�i�nkMne/FYMdk�fac UV1FORM ItitiTRI��IEAT••Uni6�miCnv.nam, 9/90 �pnr+,)�,p,i¢r.� �
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