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-- . . 1; 'C','.,.�, ,, .�.. ,. .' . �._ <br /> _. ..:�� — --- ,.�.oJ, --.., , ' , .. — <br /> — ► g�d,.i�9� <br /> — — „ perlods that Lcndar requins. '[t�c insurnnce caMer pro�rldinR the innurance sheil be chosen hy�orrowcr a�bjcct to l.ender� <br /> --- approval which ehall rtot be asu�easonably wlth4�ld. I�Barrow�►failx to malnutn covarege desedlxQ above.l.encltt may.at _____ <br />__ - l.enckry optlon.obtain cov�go ta gr.�'^�.�st Lene�r�dRisi�in tlte PraQerty i�eccordanse v�th para�raph 7. ---— <br /> All insurancss palictcs and re�uwalo ehalt 6e acceptoblo to I.ender and sh�ll include a standerd mortgago cleuse. Len&r <br /> _ -_-�. shall heve tlto d�hht to hold the policl�e�reaew�ls. U I.encler reyuires,8onower ishdl promptlY give to I.ender+tll rec�ipGs� -----_ <br /> of paid prcmiums and nnewal notices. In the event of los9,Bamower eRall give prompt notice to ti�e insurana canler�nd <br /> '�-�-u�--- � Lender. l.ender may m�{ce proof of loss fF not���de pro�ptly by Bon•owcr. � = <br /> Unless Lender and Bortower otherwtso agree In wrlting.ineueanco proceeds ahall be applkd to oestoratlon or npair of � <br /> the Paope�ty damaged.if the restoration ar nepair is economically feasible and l.ender�.security ls not le�csened. If the <br /> restoradon or repair is not economically feastble or Lenderk security would be lessened,the insuranco proceeda shal!be <br /> appfled eo the suma secund by this Setudty Tnstrument, whethcr or not then due.wIth any exc�sa paid tq Borrowcr. Jf <br /> � Borrower alsandons tho Pmperty.or dces not answer wtthin 30 daya a notfce from Lender that the insurance canier has <br /> � offered to settle u claitp,then Lendor may collect tha insurance pmctxda. I.ender may use the proceeda W npsir or resWre <br />:=�ti: — the Pnperty or w pay aums secuted by this Sec�uity instrument,wi�ethef or not ihen due. The 30-day pertod wtli begin whcn <br /> --= the nodce is given. __ __ <br /> - Unless Lender and Borrower otherwise agrce in wrlting.any applicatIon of pmce�ds to principal shaU not eatend or <br /> �,�� postpona the dua date of the monthly payments refemed to in putagraphs 1 and 2 or change the cimount of the paymants. If <br /> - under perEtgrnph 21 the Property is acquired by Lertder. Bomower�s right to any Insurance poUctes and proceeds resulting <br /> from damage to the Property prlor to the acquieitlon shall pass to Lender to the extent of the aums secured by thIa Security <br /> Insuument immediately prIor to tha acqutsitton. <br /> 6, Occupancy, Preservation. Maintenance and Protection of the Property; Borrower's Loan Appltcation; <br /> --- /,�cP�u►1etc, RormwPr aha11�.cupy,eateblish,and use the Property as Borrowerh pr�tclpal residettce wlthin a�CtY days etter _ <br /> the execution of this 5ecurlty Insuument and shall conttnue to occupy the Property as Bomawer's prIncipal residence far at <br /> • �+ ,•f : least one year after the date of occupancy, unless Lender otherwise a�rees in wrlting, which consent shaU not be <br /> � � ''� unreasonably withheld.or unless extenuating circumstancea exist which are beyond Horrower`a control. Horrower shall not <br /> ,;;;,.`�, ,.;_; destroy,damage or impair the Property,allow the Property to deterIorate.or commit waste on the Property. Borrower shall <br /> •c-'>•�%f • ��'�• be in default if any farfeiture actton or prc►ceeding,whether cIvil or criminal.Is be�un that In i.ender�s good faith judgment <br /> �%���;•:� could cesult in forfeiture of the Praperty or otherwIsa matertally imputr the lien created by this Secur[ty Instrument ur <br /> �.,,,;;::,::�.:',:,.,�;,: Lendert recurIty interest. Bolrower may cure such a default and reinstate.as provIded in garagraph 18,by causing tho acpon <br /> �`�. . ,.. or proceeding to be dismissed with a ruling that,in Lenderk�ood faith determinatlon,precludes forfetture of the Borrower's <br /> ' •''� interest in the Property or other materIal impaim�ent of the Ilen creuteci by this Security Instrument or L.ender's aecurlty <br /> ",. :., �.'�' . . . <br /> �� ' . interest. Bomower shall also be in default if Borrower, dudng the loan applicatton process. gave materlally false or <br /> •• " � inuccumte infortnndon or statements to Lender(or fsiled to provide Lender wIth eny materini informatian)in wnnection wtth �____ <br /> ' ' ' ii�.: la�m cvidenced by the Note, iticluding, but not li�ttited t�, mpresentati��s conceming Borrower�s occupancy of the <br /> - - •m <br /> �" ' Property as a principal residence. If this Secudty Insuument is on a leasehoid,Borrower shall comply with all the provisions <br /> � of the lease. If Borrower acquires fee title to the Pmperty.the teasehold And tho fee title shall not merge unless I.ender a�rees <br /> . .' , . .,. tothemergerinwriting, -- <br /> � 7. Protection of I.ender's Rights in the P�operty. If Borrower fails to perfoan the covenunts and agreements �"`-- <br /> . contained in this Security Insaument, or there is a legal proceedtng thut may si�nificentiy affect Lender�s rights in the ��_ <br /> . �.._.._ . .... . pir���y{such ns a proceeding in bankruptcy,pmbate,for condemnation or forFeiture or M enforce laws ar regulations).then ��_�' <br /> Lender muy do and pay for whutever Is necessary ta protect the value of the Property and Lender�s rights in the Property. - <br /> � Lender�actions may include paytng any sums secured by A lien which has prIority over thls Security Instrument.appearing - <br /> tn court,paying reasonable attomeys'fees and entering on the Property to make repairs.Although Lender may ta.ke action . <br /> " under thts par►�rnph 7.Lender does not huve to do so. + <br /> . Any amounts dlsbursed by I.ender under thls paragraph 7 shall become additIonal debt of Borrower secum.cl by this <br /> � Securiry Instrument. Unless Borrowcr and Lender agrce to other tertns of payment.these nmounGS shali bear interest from the <br /> •� date of disbursement at the Note rute and shull be payable,with lnterest, upon notice from L.ender to Borrawer reyuesting <br /> _ `� puyment. ' <br /> 8. Mortgage Insurartce. If Lender mquircd mortguge insurance a.ti a condition of mn)cing the loan secumd by this <br /> Security Instrument, Borrower shall pay the premiums myuired to maintain the mortsage insurance in effect. If,for any <br /> .... reason,the mortguge insurnnre coverage required hy Lender Inpcec or cenxe. to he in effeet. Borrower shap puy the =_ <br /> • premiums requlred to obtain coveruge �ubstantiully eyuivalent to the mortgage inrurance previously in effect, at a cost <br /> substantially cquivalent to the cost to Borrowcr of thc mortguge intiurance pmviously in effect, from nn nitemnte mortgage <br /> ' insurer approved by Lender. If substantiuily eyuivalent mortguge insurunce coverage is not available,Sorrower shull pay to <br /> L.ender each month a sum equul to cme•tweifth of the yeurly mortgage insurance pmmium being puid by Borrower when the <br /> , insurance coverage lapsed or ceased to be in effect. Lender will uccept.uxe and retain the�e paymentr us:s loss reserve in lieu • <br /> • . of mort�agc insurance. Loss reserve paymcnt�muy na langer be reyuircd,at the option of Lender,if mortgage insurance <br /> coverage(in the umount and for thc period that Lendrr rcyuircti)provided by an insumr approved by Lender uguin become. <br /> available and is obtnined.Borrowcr rhall puy thc prcmium.myuin:d to maintain mortgagc intiurance in effcct.or to provide a <br /> loss reserve,until the requirement for mortgagr insurunce ends in c�ccordunce with uny wriucn a€rcement between Bnrrower <br /> , and Lender or applicable law. <br /> 9. Inspecdon. Lender or its ugcnt muy mukc rca,onablc cntrics upon and in�pections of the Property. Lcnd'cr�hall <br /> . give Borrower notice at the time of ur prior to un in,pe�tion�perifying tra,anuble cau.e for the in.pection. <br /> 10. Condemnation. The procecdx oT any awurd or claim for damagr�,dimct or con,eyuentiul.in ronnection w�th;sny <br /> Single Frmiiy••Funnie Mae/FYrddk ltnc l'NIF(IRM1t IKtiTRI'MF:'�T••Umfi�rm Co�cnam, 9/90 ��i��+�/4 r.�gcc� <br /> . 4trat�nkrn Bmtnns Fam+.Ioc■ - <br /> � To lhd�'f(all 1AU60.7693U3 O FA%Gt479T4131 • <br /> , � <br /> � � <br /> ; . .� _-.. ; ..- . ...._ . . . . . .. .. <br /> ; i <br /> I �� <br /> � <br /> .;� -' - _ .' . <br /> ♦ .. . <br /> � ' <br /> � . <br /> 1 <br /> t � <br /> . <br /> �. �. <br /> ,� � .. �, . _ . . .. .. __... . _. <br />