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<br /> 94-�io�oeo
<br /> ,���� � peria�ls that Lender aQuires. 1'he insurenca ca�rier provtding�he inauranca e1�u11 ba chascq by S2orrower subjcct to Lendcr'a
<br /> approval which ehwll rtot be unmasonnbly withheld. if Borrowor fails to malntain covcrqgo descdbcd ubuvc,l.endor muy,at
<br /> � l.enderh nptton.o6caln cc►vernge to protect Lender's dghta ln Qie Prop�rty ia uccordance with pruugraph 7.
<br /> e Atl insuranco policleg and rcnewnlA ehall be seceptable to I..ander und ehnll include a stsndnrd mortgago cluuxe. Lender
<br /> ehnll have ttw right to hold the poli�tea und renewals. 1P Lcnder reqairea,gorrower ehnll premptly give to Lendar Wl rcceipts
<br /> ____ of paid pcemiuma�nd rcriewal noticea. In tho event af lass.8atmwer ah�ll give pmmpt nodctl to tha inaurance ca�rter and
<br /> _ _ _____ Lender. i.ender may make Rmof of loss if not mede promptly by Bomnwer.
<br /> --�-----� -- � Unlcss Lc��der and Borrower othenvisc ngne in wddrtg,ingmm�ce nroceeds ehull be epplied to t+extormion or ropair of
<br /> the Property damaged.if thc restoration or repatr ia economicaily feusil+la end Lenderk security is not lessened. If the �
<br /> restoratlon or repaEr 1R not economically feasible or Lender�s secudty would bo leasened.the insurance proceeds sh�ll bo
<br /> ' �plicd to tho suma secured by this Sec�uity Instrument,whether or not then due.wlth any excess paid to Borrower. IP
<br /> amower nbandons tho Property.or dces not enswer within 30 deys u natice from Lender that the i�surance caater hns
<br /> -� � offenM to settle a cluim,then Lender muy coUect the inaumrtce proceeda. Lender may use the proceeds to repair or reatore
<br /> ,.;;: thc Pcoperty or to pay siuna sccured by this Secudry lnatrument,whether or not then due. Tho 30-dny period wlll begin when
<br /> ' the notice ia gtven.
<br /> ;;',. Unleas Lender end Bo�rower atherwlse agree in wdting,any application of proceeds W principal shall not extend or
<br /> ` postpono the due dute of the monthly paymencs teferced to in paragrophs I nnd 2 or change the amount of the payments. If
<br /> undar pata�taph 21 the Praperty is acquired by Lender,Bortower� dght to any insurance palictes and proceeda r�sulting
<br /> :� ,; from damage to the Property prlor tn the acquisitfon ahal!pass to Lender to the extent of the sums secured by thts Secudty
<br /> Insuument immediately prior to the acquisition.
<br /> 6. Occupancy, PreservuUon, Maintenance and Protecttoa ot the Pruperty; Borrower's Loan Appiication;
<br /> , �. Leaseholds. Borrowe:shall accupy.estsblish.end use the Property as Borrowerk principal residence within aixty days after
<br /> "�'" � ,�`"'''"�'' the execution of this 5ecurlry Insm�ment and shdl cont[nue to occupy the Property as Horrowcrb prInciput residence for at
<br /> _'�"�-�-_ sT••�::, �_
<br />--_--- _ -
<br /> �.�•>�•• least one year atter the date or occupency, uniess Lender nthorw�r� nb�rx� Ui wdting, wMclt canscet �hali aat bs --
<br /> �������� ' ° unmasonably wfthheld,or unless extenuating circumstences exist which ar+e beyond Borrower�a control. Borrower shali not _.
<br /> ' desuoy.damage or impair the Property.allow the Property to deterioratc,or commit waste on the Property. Borrower shall =
<br /> ''�'�''•°� . �: '- _��'�; be in default if any forfeituxe action or proceeding. whether clvil or crlminal,is begun that in Lender's good faith judgment —�
<br /> . � could result!n farf'eiture of the Property a atherwise matedally Impair the lien created by thls Securlty Instrument or
<br /> ° '' Lender�s secudty intec+est. �onower may cure such a default and reinstate.as pmvided in paragaph 18,by caustng the acdon
<br /> ° � . " or proceeding to be dismtssed with a ruling that,in Lendcr�good faith determinatton.precludes forfeiture of the Borrower�s =_
<br /> � � intereat in the Properry or other materisl imp�irment of the tien created by this Secudty Instrument or Lender's secudty
<br /> tnterest. Borrower shail also be in default If Borrower, during the losu► appltcation process. gave materIally false or
<br /> , inaccurate infonnatlon or statements to Lender(or failed to provide Lender with any matedat information)in connection with --
<br /> the loan evidenced by the Note, tncluding, but not limited to. representations conceming Borrower's accupancy of the �
<br /> '�� , Pn,perty ac a principal residence. If this Securjry Instrument is on a lea5ehold,Borrower shall comply with all the provisions �:._
<br /> of the lease. If Borrower acqulres fee title to the Property,the�ea�ehold and the fee title shall not merge unlecs Lender agrees
<br /> to the merger in wrlting. _-_-
<br /> 7. Protection of I.ender's Rights in the Property. If Borrower fails to perform the covenants and ugreements _,,,,
<br /> `'`� contained in this Security Instrument, or them is a le�nl proceeding thut may sisnificuntly affect Lender� dghts tn the �L
<br /> ' ' pe y( uch as a praceeding in bankruptcy,probate,for condemnatton or forfeiture or to enforce laws or re ulotions),then �°'
<br /> •�,`;::• Pro rt s � ��-•
<br /> ° Lender muy do und pay for whatever is neceti.r•ary to protect the value of the Property and Lender's righ�s in the Property. "
<br /> - ' " � • Lenderk nctions muy include pnyin�uny sums�ecurcd by a lien which hus prioricy over this Suurity luat,ument,appearing ��°
<br /> � �� • ' in court,paying reuwnable uttorneys'fees and entering on the I'roperty to make repairs.Althaugh Lender may tuke actfon � �
<br /> under this paragraph 7,Lendcr dces not hnve to do so.
<br /> , Any nmounts disbur:sed by L.ender under this parugruph 7 shult bccome udditional debt of Hormwer secuted by ihis .
<br /> � '' . Security Instrument. Unless Bonawer and Lendcr ugrec to other terms of payment,thexe amounts shall beur interest from the ��
<br /> , dAte of dts6ursement ut thc IVotc ratc und shall be payublc, with intemst,upon notice from Lender to Borrower requesting
<br /> . , payment.
<br /> � 8. Mortga�e[�surance. If Lende�rcquircd mortguge tnsurance as a condition of making the loan secured by thts
<br /> , Securlty Inxtrument,Borrower�hnll pay thc prcmiumx rcyuircd to mnintuin thc mortgnge insurance in effect. If,for any
<br /> ' � ' reawn, the mortgu�e insurunce coverage rcyuired by Lender lup�es ar ceuses to be in effect, Sorrower shnll puy the
<br /> • premiums required to obtuin coveruge substuntiully eyuivnlent to thc martgcigc intiurunce prcviouxly in effect, at n cost
<br /> ' � � substantially eyuivulent to the cost to tiorrower uf the mortga�e inxurance previouxty in cffecc, from un alcemace mort�uge "
<br /> � insurer approved by Lender. If xubxtantially equivalent mortgage in�uruncr coverage i.not avuiluble,Borrower shall pay to
<br /> ' Lender euch month a sum cquul to onc-twetRh of thc ycarly mongagc in,urunrc premium being paid by Borrower when the
<br /> . • insurancc wvcrngc lapxed or ccused to he in cffect. Lender will uccept,usr und rctuin thc,c payments ati u loss reserve in lieu
<br /> . of mortguge i�surunce. Lors rcxcrve paymentx may no longer Nc rcyuircJ,ut thc option of l.ender,if mortguge insurance
<br /> covernge(in the wnount und for the�xnod thut Lender rcyuircy>pn►vidcJ by an insur�r approved by Lender uguin becomes
<br /> uvuilablc und is obtuined.Borrowcr shall pay the premium�rcquircd to maintain mongage imur;mce in effect,or ro provide n
<br /> � loss rexerve,until the reyuircment for mortgoge in,uranre enJ.in arconfunc�with uny written ugreement between Borrower
<br /> nnd Lender or applicuble luw.
<br /> 9. Inspectlon. I.cndcr or itx abent muy muk¢reu�onuble entric.upon and inti{xctions of the Propeny. Lender rhnll
<br /> give Borrowcr notice at thc timc of or prior to un impcction spccifying rcuwnaMc cuuxr for thc impection.
<br /> 10. Condemnallon. Thc pr�xceds of any uwurd or rlc�im for damagc.,dinrt or rimscyucntiul,in conncrtion with any .
<br /> ' Single Fanuly••tanek�fee/PYeddie�fuc C\IF11NN I�ti7 Rt'�1F.\T--Umti�mi('uvenantti Yl90 ipuxr d nJA�ruxr+�
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