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<br /> � periads that Lender requires. The inaurance ccurler providing the insurunca ehull be cliosen by Borrowee Fubject to L.end�rk
<br /> — uppmvnl which Fhall not ba umm�xonubly withheld. If Borrower fails ta muintain coverage descdbed ab��ve.I.ender muy,at
<br /> Lenderls option,obtuin coverase to prutect Lcnderb dghtR in the Prnperty in accordance wlth pnragruph 7.
<br /> _�—.,___ _. ___.___.. ' Ali inaurnnce polictea und renewulx Fhall be accepwble to Lendcr und shall Includo a�tandnrd mongage clauRe. l.ender
<br /> eh�ll hsve thc dght ta hald tho policieR und cenc�vulx, If Lende:r requlres,Barrower xhaii pmmptly givo to[.cnder all necafpts -
<br /> -�.�----- _= of patd ptcmiun�A nnd renewal notices. In the evcnt of low»,Botmwer xhall give prampt notico ta the innuruncc carrler and ____ ... - ______
<br /> I.cndcr. Lender muy mako proof of lasr if nat mude promptly by Barrower.
<br /> Untesa l.ender and Borrower othenvihe ugreo in writing. insumnco proceedx Ahul1 b�applied to re�stormdon or repair oP
<br /> the Property damnged, if tha rcxtorutton or rcpuir iK ecanomicuUy feusible und L�enderk �ecudty IA not iossened. If the
<br /> �. rc:�toration or repuir ie not economicnily fcatiible ar I.enderk xecurlty woald be Iessened.the insurunce proceeds Fhall bo
<br /> applled to the aums secured by this Security Instrument. whether ar na►tFien due,with any excess pnid to Borrnwer. If
<br /> , Borrower abundons the 1'raperty,or doers not anwwer wtthin 30 duys a noticc from l.ender that th� insurnnce cnn�icr has
<br /> offered to settle a claim,then Lender mny cnUect the insurnnce pmcecds. Lencier may use the praceeds to repaIr or restore
<br /> _ the Property or ta pay sums secured by this Securlty Inatrument,whether or nat then due. The 30�day period will begin when
<br /> the noticc[a given.
<br /> "-��.'-r' � Unleas i.ender and Barrower othQrwfse ugrec in writing.uny application of proceeds to principal shall not extend or
<br />�� ��. postpone the due date of the monthly payme�ts refemed to in pnrugrnphs 1 nnd 2 or change the umaunt of the payments. If
<br />� , � �t.�f' under paregraph 21 the Property is acquired by Lender, Borrawert right to any insurunce pollcles and proceed.s resulting
<br /> from damage to the Prope�ty pr�or to the ucquisition�hall par;s to I.ender to the extent of the sums secured by this Security
<br /> . ,s,r � , Inauument immediately pdor to the acquisitton. �
<br /> '. °__ �.�.l,. 9_.:�.3__ 6. Occupancy. Preservatton, Maintenance and Protection oP the Peoperty; Qiorrower s Laan ApplfcaNan; �- -- ---° - -
<br /> ����- :—.'-_`z•,. � ----..
<br /> rt.,: .�,,�: .,� 1.easeholds. Borrower shall occupy,establish.and use the Property aY Borrower s principul residence wrthirt g�xty days atter ° —
<br /> „ � =�=' " '' ` the oxecutton of thi�Security Instrument and shali continue to occupy the Property as Horrower`s principal residence for at ___
<br /> .H •� •.•:� .S'.-�.
<br /> � ` least one year after the date of accupuncy, unless Lender othenvlse agrees in writtng, whtch cansent shall not be
<br /> ��;r�ch.•` � • � �r• unmasonably withheld,or unless extenuuting circumstances exist which nre beyond Borrower's control. Borrower shull not ��^r--
<br /> " desuoy.damage or impair the Property.uqow the Praperty to deteriorute,or commit waste on the Property. Borrower shull ' ---
<br /> • be tn default If any forfeIture action or proceeding,whether civil or criminul.is begun that in Lender's good faith Jud�ment � T
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<br /> could result !n forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or � �_
<br /> � , � Lender's secudty Interest. Borrower may cure such u defnult And reinstate,ati provided in para�raph 18.by causing the action ; w.:��.
<br /> ��`' or proceeding to be dismissed with a ruling that,in LenderS goad fuith determination,precludes forfeiture of the Borrower!s .,a F���
<br /> �� interest in she Property or other mnteriul impairment of the lien cmated by this Securlry Instrument or Lender�secudry .• • �-
<br /> �, ' � '
<br /> - .: interest. Borrower shall also be in default if Rorr�wer, durin� the loun upplication process, gave materiully false or y■r�
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<br /> _ � �.' . _ inaccurate Information or statements to Lender(or failed to provide Lender with uny muterial information>in connecdon with " ��
<br /> � " the loan evidenced by the Note, including. but not limited to, representnttons concemmg Borrower's occupnncy of the
<br /> � Property as a principul residence. If thfs Security instrument is on a Ieasehold,Borrower shnll comply with ull the provisions
<br /> , of the lease. If Borrower acquires fee titic to the Property,the Icaschold and thc fee titic shall not merge unless Lender agrees . �
<br /> � � ' ._ ro the merger in writing. �
<br /> • 7. Protection of Lender's Rights in the Property. If Borrower fuil+ to perform the rovenants and ugreements . ,
<br /> - • . � contained in this Secur�ry Insmiment, or them is u Icgul praceeding that muy significantly affect Lender's rlghts in the ,; �
<br /> • Property(such as a pmceeding in bankruptcy,probate.for condemnntion or forfeiturc or to enforce luws or regulatians).then � '�.
<br /> • . Lender may do and pny for whatever is neces�ury tu protect the va�ue of the Property und Lender's ri�hts in the P�+operty. , y;
<br /> Lender's actions may include paying any sums securcd by u lien which huti priority over this Security Instrument,appeuring , 'f
<br /> . in court.paying rca.tionuble uttomeys'feas und entering on the Propeny to make mpuin. Although Lender may take nction • , M
<br /> • ' under this pnra�raph 7,Lender dces not huve to do.o. '��"^1
<br /> • `:� Any amounts disbuned by Lender under this p:ua�ruph 7 tihall txrume uJditional debt of Borrowcr secured by this „,
<br />_� ,' � Security Instrument. Unless Borrowcr und Lendcr ugrce tu other tcnns of puyment,these umounts shull bear interest from the ' ��� -�'
<br /> � dute of dtsbunement nt the Note rute und xhall t►e pnyable,with inrerest,upon notice from Lender to Borrower requesting ���.�',,�;1�J-'-
<br />_,. payment. .>�,�/.` �`
<br /> '„ 8. Mortgage Insuranee. If Lender reyuired mort�age intiurunce u�u condition of mukin�the loan secured by this y;�
<br /> ., , t ..._._ ,,. .,, _�....,. Security Inxtrument. Borrower rhall puy the Qremiumx reyuired to maintuin the mongage insurunce in effect. If, for any ,.,�_.._ .....
<br /> reasan, the mortguge insurunce coveragc rcyuired by L.cncier lap+c� or rc��es to bc in effcrt, Borrower shull pay the _
<br /> � premiums required to obtuin coverage sub.tantivlly cyuivulent to the mort�uge inxurance previously in effect, at a cost :
<br /> " ' substantiully equlvulent to the cost to Borrower of the mong�ge in,urancr prrviou�ly in effect,fmm an altcmate mortgage -
<br /> insurer approved by Lender. If substuntiully eyuivident owrt�ugc in�uruncc coverage is nut uvailable,Borrower shall pay m
<br /> �• " Lender each month a sum equul to une-twelfth of the yeurly mortgugc in�uranre premium hcing paid by Horcower when the , _ .
<br /> � „ insurance coverage lap�ed or ceused to be in rifcct. Lendrr will arrept,u�c and retain thetie puymenty a.a loss rcserve in lieu •
<br /> of mortguge insurance. Lo,z reserve puymcnts mc+y no longcr bc rcyuireJ.ut the option of Lendrr, if mortgage inwrance ' ,
<br /> coverage(in thc:unount and for thr periai thut Lendrr reyuireti) provided hy un in.urer approved by Lender again becomes
<br /> ' uvuiluble and is obtuined.Borrower shull pay the premiumti Rquired tu mainutin mortgugc in.urunrc in effcrt,or to provide u '
<br /> . .. loss reserve,until the myuircment for martgugr in�uranrr cnd.in accordance�vith any written agreement between Born�wer
<br /> und Lcnder or upplicublc la�w.
<br /> • 9. Inspection. Lendcr or its agcnt muy makc rcasnnuhlr entrics upun :md imprriiom of thc F'rnperty. Lrndcr shall
<br /> •• give Born�wer noticc at thr time of or priur tu un in.�xrti��n ti�xcifying rraaunuhle ruu+c for the in+pcction.
<br /> _ � . 10. Condemnation. Thc prcxeed�ot'an�•uwurd or cL•iim tirr damagr�,dimrt ar con.equential,in c��nnertiun with uny I
<br /> ' Smglc Pamil�•-Funnie Nuc�Frcddlc�1ac l'\IFAR�1 IVti 1'!tl'\1t:Vl'-•l'niti,mi Cuvcnanh Y/9(1 �p�.qr?u/n pi4��i I .
<br /> ; ' tie�u LJ�Uwlnrrs Fanu.Ix ■
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