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<br /> 9.Oi�65
<br /> , perlods that L.cnder requires. The insurance carder pmviding tho insuranco shait bo chosen by Nornnwcr Ful�joc�to l.cndcrk
<br /> -- �pproval wh{ci�uha11 not bo unreaRanabl�r withheld. If 8orrower faila to mulntain coverago daseribed abovo�I,ender may,st
<br /> Lenderb option,obtain coverago w prorect l.enderk dghts in tha Property in uccardanCe with peragraph 7.
<br /> _ _ _ _ All lauuance poUcfea and rcnewals ahall be Ascoptablo to L,ender and sriall includo a swtdard mortgaga clause. L.endcr `_ _ __
<br /> - shall have the dBht to hold tha polirfcs and rcnewals. IP Lender requirca,Bomuwer shail pmmptly givo to L.endar all rccaipt�
<br /> aT - - �' of puid premtums und rcnewal i�oucea. Ii�ti»event of los�.IIarrawer shutl glve prompt nottce to the insurance cnrcter nnd
<br /> Lendet, I.on�er may make prnof of loxs If not made prompdy by Borrower.
<br /> Unless L.ender and 8on+nwer utherwisc n�pee in writing,lnaurance proceeda ahall be applied to restoration or�paic of
<br /> :`� the Prope�ty damaged, if the restorntlon�r repntr is economiGeliy fensible and i,ender�s secudty ta not leasened. If tha
<br /> restoratlon or repair is not econornicully feusible or Lenderk se�:urlry would be lessened,the insurance prooeeds shnll be
<br /> �.� upplied to thc sums secured by thia Secudty Instrument,whether or not then due, wlih any excess pafd to Borrower. If
<br /> Borrower ubandona tha Pmperty.or dces not unswer within 30 dnya u noitce from I.ender that the ineumnce carrier has
<br /> ��:F• ofteced to settle a cleim.then Lender may collect the insurance proceeds• Leader may usu the procccds to repnir or restore
<br /> "' the Property or to pny suma secured by this Secudty lnsuvment,whether or not then due. The 30dsy perIod wlll begin when
<br />± ;p tha notica ia glven.
<br /> p,Y Unless Lender and 8orrower otherwise agree in wridng.any appllcatton of proceeds to pdnclpai shull not eatend or
<br /> postpone the due datc of the monthly payments referred to in paragrnphs 1 i+nd 2 or change the amount of the payments. If
<br />� undor pumgmph 21 the Prope�ty Is scyuired by Lender, Borrower�right to any insuranca poUcfes end praceeda resuldng
<br /> from damage to the Property prlor to the acyuisttion shall pass to Lender to the extent of the sums secured by this Secudty
<br />_ .v.." Instrument immediutely pdor to the ac uialtion. ___
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<br /> ` µy���'`f. 6. Occupancy� Preservatton, atntenance and Protection ot the Property; Horrower's Loan Applicatlon; '
<br /> �;�F' Leaseholds. Borrower shall occupy,estubliat�,and use the Property as l3orrower+s pdnc�pal restdence within sixry days afcer " --
<br /> � {',�..�r4q�.i,�'kjla
<br /> t.„�:�'�t � �� the execution of this Sccudty InatRUment and shall continue to occupy the Property as Borrower's principal resldence for at
<br /> � • ���, .. • leust one year after the date of occupuncy, unless I.ender otherwise ngrees in wrtting, which consent shali not be
<br />, .�+•��`�;:4�;.'r��j=;' unm.�sonably wIthheld,or unless extenusting cfrcumstances exist which are beyond Bomower�s controL Bocrower shnll not
<br /> .. destroy.damage or irapair the Property,allow the Property to deteriorate,or commit waste on the Property. Borrower shall __
<br /> .. be in default if any forfeiture uctlon or praceeding,whether civll or cdm[nal,is begun that tn Lendert good faith judgment --
<br /> • r` ' could resiilt in forfeiture of the Property or otherwiae mater�ally impeir the lien created by thls Securlty Insuvment or - _
<br /> V • ' Lender's secudry interest. Borrower may cure such a default und reinstate,a.g provtded in parasraph 18,by causIn�the action �
<br /> •• or proceeding to be dlsmissed with a ruling thnt,in Lenderh�ood f�Ith determination.precludes forfetture of the Borrower's ���"�b`
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<br /> interest in the Properry or other material impoirment of the lIen created by thts Secunty Instrument or Lenderk secudty • �z�;�--
<br /> � interest. Horrower shall also be in default if Borrowcr, during the toan application process, �ave mnterially false or �-•-
<br /> - isiac�urste Informadoa or StetemPnt�t�t.ender(or faited to provide Lender with any material information)in connection wtth •� !�'�`—
<br /> the loan evidenced by the Note, Including, but not limited ro, representations concemins Borrower's occupnncy of the � __
<br /> • Property as a princtpal residence. If this Security Instrument is on a leasehold,Honawer shall camply with all the provisions '
<br /> ' af the lease. If Borrower acquires fec title to the Property,the leasehold and the fee titte shall not merge unless Lender agrees �'''--
<br /> , „ to the merger in writinR. `•",`'�~
<br /> 7. ProtecNon of I.ender's itights in the Property. If Borrower fails to perform the covenants and ngreements ���� .. �=-
<br /> _ '.,:;___;. _���__ contaIned in this Securlty Instrument, or there is a iegul proceeding that muy significantly affect I.ender�s dghts in the ;,� . . ._
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<br /> Property(such as a proceedins in bankruptcy,probate,for candemnauon or tarfeuure or to entorce iuws or reguianons),then - . ;
<br /> • Lender may do end pay for whutever i�necessury to protect the vulue of the Property nnd Lendert rights in the Property. - —
<br /> � Lender?s actions may include pnying any xumx secured by a lien which hns priority over this Security I�strument,uppeunng �• :�
<br /> - !n court,paying reasonuble uttomeyx'fces and entering an the Praperty to makc mpnin. Although Lender muy tuke uction ��'
<br /> �• " " under this parugruph 7,Lendcr dces not huve to do so. {��.�
<br />-' Any untounts disbuned by Lender undcr this parugraph 7 shull bccomc additional dcbt of Borrower secured by this =t•
<br />--q' ` Security instrument. Unlexs Borrower and Lender ugrec to othcr terms of puyment,thesc umount.shull beur intemst from the .�;
<br />- ' date of dtsbursement at thc Note rute und shnll bc payublc,wtth intercst,upon notice rrom Lender to Bormwcr myucxting --.
<br /> 1� pAyment. `..r.
<br />��•.�� � 8. Mortgage ingurance. If I.ender reyuired mortgage in�urunce us u condition of muking the loan secured by this � •�;_
<br /> *,'„. .. . ..„ SccurIty Instrumcnt, Bonower xhuU puy the pmmiums reyulred ta muintuin thc monga�c insurunce in effect. If, for any f
<br /> • , renson, the mort�uge insurunce covcruge requircd hy Lrndcr lupse, or censcx to bc in eitect, 8orrower shutl pay the �
<br /> premtums teyutred to obtain coverage +ubstanti:+Uy cquivulent to the mortgnge intiuruncc previovsly in effcct, ut u cost -
<br /> ' - substantiuUy eyuivalent to the coxt to Burruwer��f thc mortguge insurance pmviously in effect,from un ulternate mortgnge
<br /> inrumr approved by Lender. If substnntiully eyuivalent mortgage insurunce coveruge is ncn uvailabte,Borrower shull pay to
<br /> Lender each month a sum equal to ane-twelfth of the yrurly martgage inxurnnce prcmium being puid by Borrower when the
<br /> insurance covemge lapsed or ceused to Ix in rffect. Lendrr will accept,u.e und retuin thetie payments as u loxx rr.serve in lieu '
<br /> � , of mortgage insuranee. Loss rcservc puyment.muy no longer tk r��uired,ut thc option of Lrndcr,if mortguge insuronce
<br /> • covera�e(in the nmount and for the�x.ricxi thcu Lrnder rcyuirc,)provided by un intiunr uppmved by Lender uguin becomrx
<br /> +' • avuilable and ix obtaincd.Bormwcr,hall p:ry thc prcmium�rcquircd to muintain mortgugc imurunce in effect,or to providc a .
<br /> ; � , lo�s reserve,until the requinment for mortgage inxur�nce endti in arcordunce with uny wrinen ugrc�mcnt betwecn Borrower
<br /> , � nnd Lender or npplicnble Inw. '
<br /> 9. Inspection. l.ender or its ugent m:ry muke nutionuble entries upon:snd in�Exrtium of the Property. Lcndcr shall �
<br /> - � give Borrower notice nt the time of or prior to an inspection.�x:rifying na.onabic cuu.c for the insEx:ctian.
<br /> 31 :'�� 10. Condemnation. Thc prcnced�of uny:�wurd ur cluim fur dxmagrs.Jin:ct or con+cyucntial,in rnnncrtion with uny I
<br /> f ,. Singk Family-•Fannle Mae/E�cddle Mac I'NIFOHN 14ti'1'Rl'MF:NI'••UniLxm C�,rcnam, 9/90 r�ixr?u!n p�rAr.�l • .
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