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<br /> _� �-�-= g4-� �2398
<br /> :;°°"'°¢ .- . perfodx that L.ender rcquires.Tho insumnce cmrIer providing tha insumnse shull be chosen by Borrower subject to Lender�
<br /> �� ' � !i c�pprovnl which shnll not be unreasonubly withhsld. If Borrower fc�ils to maintain covemge described nbove,I,ender may,at
<br /> Lertder'�option,obtain covemge to protect Lender�dght�fn the Propecty in nccordunce with paragroph 7.
<br /> -- Atl insurunce policies and nnewal�Rhall be ncapu►ble to L,ender nnd shall include a standard mort�age aluuse. Lertder
<br /> � shall ha�e�he right to hold the policf�s and renewuls. If l.ender requlres,Bonower shall promptly give to Lender a!1 receipta
<br /> uf paid premiums and renewel nodces. In the event of Iass,9orrower shall give.pmmpt notice to the insnrence canIer and
<br /> �`'� Lender. Lender mny mnke proaf of loss if nat made promptly b�Borrower.
<br />=j�:• Untess 1 ettder and Bonower otherwiae ag�e in writing,msurance proceeds shnit ba applied ta.t�estoration or tepair of `�
<br /> the Property damaged, if tha r�storation or repair is economically feasible and L,ender's secudry is not lessened. If the
<br /> k mstoration or repair ia not economtcally feusibte or L.enderg securlty would be lessened.the insurance praceed.g Rhall be
<br /> y`�;
<br /> rj. applied to the suma sesured by this Securiry Instiument,whether or not then due.with any excess paid to Borrower. If
<br /> •,,, r. Borrawer ubandons the Property,or dces not enswer withIn 30 daya a nod�e from Lender that the Insurance carder has
<br /> � �Y~ ,(�h�;;r 1 offered to senle o clalm.then Lender may collect the insurance proceedg. Lender may use the proceeds to repair or�store
<br /> , � : the Pmperty or to pay sums secured by this Security Instrument.whether or not then due. The 30�day pede�d wiU begin when
<br /> -:•T. .. .",;;,,. the nodce is given. `- - -
<br /> �s�,,Vs�<•°,.;';;��'��" Unless Lender and Bartower otherwise a�ree in wdting.nny application of proceeda to principal shall not estend or
<br /> `� ._ . � . 'ti�� postpone the due date of the monthly paymenis referced to in paragraphs I end 2 or change thc nmount af the payments. If _
<br /> � �;�:�`� under paragraph 2l the Property is ecquired by Lender,Horrowerk dght to any insurance polictes end proceeds cesulttng -- - -
<br /> from damage to the Property prior to the ucquisition shall nuss to Lender to the extent of the sums secured by this Secudty
<br /> � •a�,•, Insdument immediately pr�orta the acquisit[on.
<br /> �� , . . `;� �, 6. Occupancy� Preservation, Maintenance ar+d Protection of the Property; Borrower's Loan Appltcatton;
<br /> �° ' . 1.easeholds. Borrower shnll acrupy.establiah,and use the Property aa Borrowerk principal resfdence within stxty days after _ _ _
<br /> - —�--�--- II'id 21ici.Ulluii uf 2�1{�.�ictq(tIy Itialtttiiictii dli�aliqll�Ulilllillc W uGi.U�iy(Iie P,��,ty u�E3oiiuweP� YtGiGjpal i2alScii�B foi ai � .. ---
<br /> . . r._._._..—.�__ _ .
<br /> � ° IeASt one year ufter the deta af occupancy, unless Lender otherwise agrees in writ�ng. which consent shull not be �-`
<br /> „ , unreasonably withheld,or unkns extenuuting circumstances exist which are beyond Borrower!s control. Borrower shall not
<br /> � destroy,damage or impuir the Property,allow the Property to deteriomte,or commit wuste on tiie Property. Borrower sttall ���='-
<br /> d ' be In default if any forFeitum action or proceeding,whether civil ar cdminal,is begun that in Lenderx good faith judgment �'
<br /> . , could result in forfeiture of the Property or otherwise materially impa�r the lien created by this Security Instrument or �'=
<br /> ; • Lender s security interest. Borrowcr may cure such a defnult and reinstate,us provided in parasraph 18,by causin�the action
<br /> or proceeding to be dismtssed wtth u rulins thnt,in Lender ti good faith detecmination,preciudes forfeftum of the Borrowerk ----
<br /> . interest jn the Property or olher mutedal Impairment of the Hen crented by this Sec�rity Instrument or Lender�s secudty —_ —_-.
<br /> -• inter�est. Bormwer shAll also be in defAUlt if Borrower, during the IoAn applicution process, gave muterially false or =--
<br /> inaccurate informadon or statementc ta Lender(or failed to provtde Lender with any mater�al information)in connection wIth -------
<br /> the loan evidenced by the Note,including, but not llmited to,repmsentadons concernins Borrower!s occupnncy of the — _
<br /> _ — _ Praperty as a pr�ncIpa!re»Fdence. If thix Security Instsurnent is on� lea:.ehold.Sarro�cr;ha!!camply�ith al!the provisions = -
<br /> .., of the lease. If Borrower ucquires fee title to the Property,the leu.�ehold and the fce tide shutl not merge unless Lender asrees
<br /> � to thc mergcr in wdtiog. --
<br /> 7. Protection of Lender•s Rights in the Property. If Borrower fails to perform the covenunts and agreements °-�°—
<br /> - contuined in this Security Instrument,or there is u tegal proceeding that muy si�nificantly affect Lenders ri�hts in the �'`.-
<br /> • • Property(such as a proceeding in bunkruptcy,probate,for condemnation or forfeitum or to enforce laws or regulntlonx),then ���';i�.
<br /> Lender may dn and pay for whatever is necesxury zo protect the vulue of the Property and Lender's rights in the Property. ?''�''`-
<br /> ' Lender�uctions may include puying uny sums secund hy u lien which hati priority over this Securiry Intitrument,appearing ,;.�:;,,�
<br /> in court,paying reusonable uitorncyx'fee.and entcring nn the� Pazpeny to muke repain. Although Lender mny take actian ` ' �;
<br /> " - under th[s parngrnph 7,Lender doe�not huve to do so. �
<br /> Any amounts disbuned by Lendrr under this purc�gruph 7 ,hull Ixec�me udJitional debt uf Borrower secured by this
<br /> Security Instrument. Unle..Bormwer anJ I.cndcr agrre to othrr temn of puyment,thexc amountv shall hear intcretit from the '
<br /> � datc of disbursemcnt ut thc Notc rate und shull bc puyahle, �vith interetit, upon noticc from Lender to Borcower requcsttng
<br /> payment. �;
<br /> 8. Mortgage Insurance. If Lcnder rcquirrd mongugr imurancc a.a condition of m:ilcing the loan secured by this ''�=-
<br /> Security Instrument, BuROwer tihall puy the premiumti rcyuired to maintain the mortgagr in+urunce in effcct. If, for uny ,,
<br /> reason, the mortgage in,urnn�� coverxge reyuircd hy I.enJer lar.ec or ce,+tir� to he in rf'fect, Borrower ,hull pay the ° , t
<br /> - prrmiums reyuired to ubtain ccwerage wb�iamially ryuivalene �n the mongage in.urancr pnvic�usly in effect, at a cost
<br /> xubstantially cquivulent to thc co�t t��Bnrrower of thr rnortgage imurance previou�ly in rf}'ect.Gom un ultrrnate mortguge
<br /> insurer upproved by Lender. If ,ubtitantiully cquivcilcnt mortgage in�urunr�c�>vcra�r i.nat avuilabte.Bc�rrower shpll pay to ��
<br /> Lender cach month a sum cyuul to onvtwelfth uf thc�•carly munga�:c inwranrr prrmium txing paiJ by Borrower whcn the �
<br /> imurance covcrage lup.ed or ceu�ed to tk in rfl'ect. LenJer�cill arcept,u�,r and rctuin thc.�payment.a.a lc�titi rc,rrve in liru
<br /> of mortgagc insuranrc. Luti�r�scrvr puyment.muy nc�Inngcn c� reyuirrd.at thr��pciun of Lendc:r,if murtgagc in+urancc I
<br /> coverage lin thc utnuunt and(nr tlk�ri�xl thut l.rndrr rcyuirc.)pruviJrd b�•an in,urrr uppruvcd hy Lrndcr uguin become�
<br /> nvailuble und is obtuined.Bortnwer�hull pay thr premium+rcyuircd to maintain murt�agr in.ur;mrc in rffect,or to prc�vide a
<br /> ln.s m�erve,tmtil thr Ryuimment f��r mortg.�gc in�uranr�end,in accurdanre w�sth xm��crilt.n a�rrement hetween BoROw•rr �
<br /> and Lrnder or applicahtc I:�w.
<br /> 9. Inspection. Lcnder��r it�agcnt m�y makc rcuwnublr cntric.upun and in.�xrti�m, uf thc Pr��peny. LcnJrr tihall i
<br /> givc Borrowcr nutirc ut thr timr of or prior to an in+Fxrtion+Exrifying rc;�.unahlr rau.r tiir thc in+�c�iun.
<br /> � 10. Condemnt�tlun. ?Ik pnx��eJs<if uny aw:ud c►r rlaim tor dama�.r�,dircct or ciimrqurnti:tl,in ronncriion u�ith any
<br /> ti�npk f•,muly..f'nnnfe�fueiFreddic�Inc l Xltt){t\t IVh7'k1�1F.\T �I nif�mu('���rt�am. Y�911 ip��¢r.t„J nlr,�p,�,�
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