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<br /> _ -- ------- � � 94-�o�oe•�
<br /> -- perloda thut Lendcr requircb. 'I'ho insumncc cnrrlcr providin�the inAUrnncc shall he chosen by Borrowcr su Jcct tu .cndcrk
<br /> -- approvu!whfch ahall no8 be unr�nsonnbly withheld. If Aonower failx to maintafn coveruge descdbed abov�,l,ender may,at - --- -
<br /> Lenderi�aptton.obtaIn coverage to protect Lea�derb nghtn in tha Property in uccordnnre with purngraph 7.
<br /> � Aq insurunce poHcies and renewula shall be ucceptablo to L.ender and Rhall include a AtandnM mortguge ctause. Lender
<br /> — shall have the right to hold the policIes and renewnls. If i..ender r�equlres,Rorrower Fhall pmmptly give to L.ender all receipta
<br /> __ of paid premiums and renewal noticen. In tha�vent of I�ss. Flartc►wer»hal!givo prompt notice to the inauronce ceafer ertd
<br /> — Lender. Lender may make proof of loss if not mnde promptiy by Horrower. ___
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<br /> Unless I.ender tind Botrower otherwise agree!n wtitin�,inautyu►co procecds ahnll be appHed to reatoration or r�epair of r -
<br /> °,�� the Property damaged,if the restoration or rcpair is econamically feasibla and Lender!�secur�ty is not lessened. If the
<br /> restoration or repair is not economtcally fensible or l.snder's security wauld be lessened,the inaurartce proceeds shal!be
<br /> �� appited to the sums secured by this Security[neuument.whether or not then due, wtth any excess p�Id to Bocrower. If
<br /> Borrower abandons the Property,or dces not answer within 3U daya a notice from L.ender thnt the inaurance carrler haa
<br /> " affered to settle u claim.then Lender muy collect the lnsurance proceeds. Lender msy u�e the proceeds to repair or r�estore
<br />- the Property or to pay suma secured by this Security Inatrument,whether or not then due. 7?ie 3Q�ay pedod will begin when
<br />. the nodce ia given.
<br /> Unless Lender and Borrower otherwlse agrce in wdting,any applicntfon of proceeds to princlpal shall not extend or
<br /> ' postpone the due date of the monthly_paymentx referred to in paragraphs 1 and 2 or change the nmount of thc pnymenGs. If
<br /> J � ;;;�';':_.a' under Ara h 21 the Pro is ac uired b Lender. Borrower�s r� ht to an insurance olicIes and roceeds msuldn
<br />� ,. �a P S�P Pei�' q Y S Y P P �
<br /> ��•-��: ` '��•°• from damage to the Property pnor to the acquisitton shall pa.ss to Lender to the extent of the sums secured by this Secudry
<br /> �':�A��%:•�=��$�.. Insuument immediately prior to the acquisition.
<br /> �'+,,-'•�'��*�;,,, 6. Occupancy, Preservatton, Maintenance and Protectton of the Property; Borrower's I,oan Applicallon;
<br /> I.easehalds. Borcowcr shatl occupy.establish,and uge the Property us Borrower�principal resfdence within sixty days atter ---.
<br /> __ _ ___ the exPCOtinn of thia Security inatrument und shnil continue to occupy the Property as Barrower's principal resldence for at _ _
<br /> � � ������� � least one year after the date of occupancy, unless [.ender athervvise a�rees in wdting, which consent shall nat be
<br /> ��,,.; unreasonably withheJd,or unless extenuating circumstances exist which are 6eyond Borrower:s control. Bor�uwer shall not ____.
<br /> r,,<:,. destroy.damage or impair the Property,ullow the Property ta detedorate,or commit wastc on the Property. Burrower shsli
<br /> ,� � be in default if uny forfeiture action or proceeding,whether clvil or criminAl.is begun that in I..ender's good faith judgment
<br /> p could result in forFeiture of the Prapeny or otherwise mnterially impair the licn created by this Secudty Instrument or ---.---
<br /> �� �' • � ' L.ender�s security interest. Borrowcr mny cum r�uch u default and reinstate,as provided in parngraph 18,by causing the action = -
<br /> •• � . , or proceeding to be dismissed with u rutins thut, in Lender`�good faith determination,predudcs forfeitum of the Borrower's �`
<br /> � interest in the Property or ather muteriu! impuirment of the lien creuted by this Security Inxtrument or Lendert recurlry ���=-
<br /> � ..
<br /> � intemst. Borrower shall ulso be in defuult if Borrawer, durin� the loan uppl[cution pracess, guve materinlly false or �,;�
<br /> „ ., inuccurate informution or xtutements to Lender(or fuiled to provide Lender with any muterial infonnation)in connectlon wlth -- �-�--
<br /> •° the loan evidenced by the Note, includin�, but not limited ta. representutions conceming Borrower:s occupancy of the �•' �,
<br /> _._- —
<br /> ` Property as u principa1 residence. If ihiti Security inscrumenc is on u leasehotd.Born►wcr shuii wmpiy wiih aii ii�o pruviyiuit.� '
<br /> . af tUe leuse. If Barrower acquires fee tide to thc Property,the leusehold and the fec title shall not mergc unless Lender agreeti �'��-
<br /> ; to the merger tn w�tflng. ',��';
<br /> � 7. ProtecNon of l.ender's Rights in the Property. If Borrower faik to pert'orm the covenants and agrecments s.- ..-►��:
<br /> :;, contained in thi� Secur[ry Instrument, or them is a legul proceeding thut muy xigni�rantly Affect Lenders rights in the `�:;�;;`
<br /> „ Propeny(such as a praceeding in bunkruptcy,probute,for condemnution or forfciture or to enforce laws or regulations),then �'u�•--
<br /> � __.__..___._.__ .—. f rn�lrr mav�I�nn.i nny fnr whntrvwr ic nwrr.enrv t�S+r�trrt thP vuhta�f thr Pr��rrty nnd Lend�r;ri£ht�in the Pmperty. -.-_
<br /> .,_. ._.._... ._.....__ - .-
<br /> " Lender's uctions muy include puying uny xums xecured by a lien which hus priority over thix Security Instrument,appearing .. _
<br /> . in caurt,puying reusonuble utwmcys'fcrti und entcring on the Pmpcny to mukc mpuirs. Although Lendcr may tnke action t• ;�„
<br /> under this purngrnph 7.Lcndcr dces not huvc tu do so. "
<br /> . � Any amountx ditibuned by l.endcr undcr thi+ purugruph 7 shall txcome additional debt of Borrower secured by thls
<br /> Securiry Instrument. Unles�Barmwer und l.ender ugree to othcr terms of puyment,thetie•rmountx shull beur interest from the
<br /> � dnte of disburxement ut the Nrne rute und.hull tx pnyable, with interc+t,upcm nrnire t'rom Lender to Borrower requesting
<br /> . payment. -
<br /> • R. MortRa�e Insurance. If Lcndcr reyuimd m��rtgagc inxurunre ax u condition of making thc losn u�umd by thiti -
<br /> Security Imtrumcm, Borrower+hull puy thr premiumti rcyuircd to muintuin thc morigagc imuruncc in effcci. If, for uny •
<br /> ' reuson, thc mongugr intiuruncr roveruge rcquireJ by Lrndcr la�p�eti or cci�,c� tu t+� in rfCrr�. Bnrrowcr shall p�y thc '
<br /> - premiums required to ohtuin caverugr .ubstuntiully equivalent tc� thc mortgugc imurunc� prcvinu+ly in rffert, ut u cor•. � . .. �•
<br /> substantiully eyuivulcnt to tl�c co�t to Borrciwer of thr mc�ngage in+ur:inre previously in rffcrt,frcnn un ultemutc mortgage
<br /> insurcr upprovcd by Lendcr. If whtiti�ntic�lly cyuivalrnt mortgagr imurancr rovca+gr i.n��t a�ail:�Blr,F3circowrr shull puy to „ "
<br /> Lcndcr cuch month u sum cyunl a►onc-twcttih of thr yrurly mi�rtga�r imurancc prcmium Ixin�puid by Borrowcr whcn thc '
<br /> insuranc�coverugc lap�ed or ceu+ed to Ix in�•ftcrt. Lrndcr will acrrpt,utic und retuin the.r puymm�t.u.u lo,s rescrve in licu '' ;:
<br /> of mortgage inxurunce. Lu�s rtservc paymrnt. may nu I�mgrr tx rcyuircd, ut thc option uf Lendcr,iC mortguge imurunc�
<br /> covcruge tin thr umount und ti�r�hr periud�hat Lcndrr rcquim.) pnwided liy;�n in.ur�•r upproved by[.rndcr n�uin hecomes
<br /> uvailublc and is obtaineJ. Borro�vcr tihull pay thr pmmium.rcyuired to muintain nxmgag�in�uranrr in rffrrt,or to providc u •
<br /> loxs rcserve.until the rcyuirement ti�r tnortg;�ge in+urancr rnd.in accordancr�vith any wriurn ugrremrnt txtwcen Barrower
<br /> und Lendcr or upplicublc law.
<br /> 9. Inspectton. Lendcr or its agcnt may makr rra�onuhle c�itric.upun anJ in,�xctiun,ot'thc Pru�xrty. l.ender.hall ,
<br /> . givc Borrower ooticc ut thc timc of<tt priur tu nn im�xrti<�n+Fxrit�ying rcu.onahlc ci�utic ti�r thr in.Exrtion.
<br /> . !0. Condemnation. 'fhc pr�xrrJ.of any a�vard c►r claim ti�r Jamu�:c.,dircrt cir run.cyurntial,in cunncction with uny
<br /> ,. Sm�:Ic I�amil�..Funnfc�1ar�F'rrddlc�tnc l\IFOR�t 1\�'fHl'�1F.ti7' 1 ndonn<'u�cnam. 9l9U qar,pr?.�)��/n�x��.��
<br /> . Grcat INn Hmineu Funa..Inr ■
<br /> In qnlrr 1�711 180148:IUA;l9]f:Y�{Ii11r7Nb1191 '
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