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<br /> pert�xl4�hu�I,cmki•rcNulrcx. Thu invurancc cnrelcr�mviding ttzc insurancc:shull Ge chasen by Dpn•ower eubf ect to l.endor�
<br /> . • ap�rrt�val whtch ehull nn1 be ut�tcusunably withhcld. IP E�UIYOW�f�AI�A IO IIlilIIlfQ�fl COVCfAgQ tICSCPIIfCd AbOYC. Lendcr may.at --
<br /> Lcn�lcti►aptlun,aMaM covctugo to ptotcct Lcndcrb rights in tho Praperty in uccordanco wlth puragraph 7.
<br /> � AI!inxuranco palicica and rcnewuls ehull bo acccptablr tn Lender'und ehal!lnclu�de a standard mortgoge clauso. Lender
<br /> Rhail huvo�ho rigltt tn hald tho policicx u��d venowals. TP Lendar require9,Horroiver ahail pr+omptly glvo to L,ender all receipts —
<br /> oP pdd premlumx and rcnewAl notfcea. l�tho event ut loxx,Bortawer shall giva prompt nedce to the inRUrance carrler and
<br /> - � Lender. Lcndcr muy mnko praof of tos�if rtat mudo promptly by Borrower.
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<br /> - Un1exH l.ender and Bortower atherwlse agrea in writ�ng�insurnnce proceeda shntl be applied to rcRwmtion or repuir of
<br /> ; tho Property damagod. If tha reatorntian or �epair la ecanomically fe�sibto nnd l.enderh securlty is not Icssened. If the
<br /> fCSl0ittlion ot repair is not econamically feusible or l.enderh Recurlty would be lessened. tha inaurnnco praceeda ehuil be
<br /> i� applted to tho suma secured by this Secuttty Insuttment.whether or not then due. with any excesa puid to�orrawer. If
<br /> Aarmwer ubandona 1ha Property.or do�a not unswer wtthtn 30 daya a natice t'mm Lender that the inauranc�carcier has
<br /> offered to r,ettle a cinim.then Lender may callect the insumnca pmcceds. Lender may use tho proceeds to repalr or restore
<br /> � . the Propetty or to pay sums secured by thie Secudty Inatrument.whether or nat then due. 'IY�e 30-day pertad�vill begin when ` _
<br /> j the notice is given.
<br /> .• {.�,, Unlesx Lender und Borrower othenvEse agree ir►wrlting. any npplication of proceeda to principul shall not extcnd or
<br /> ' � .•,, postpone the due date of tha monthly puyment�referred to in paragrnpha 1 and 2 ar chanse the amount of the paymenta. If __R
<br /> � ,�y!'�.';'�:`�.'•3;"^` under parugraph 21 tho Property is acquired by Lender. Borrower+s rtght to eny insurance polieies and proceeds resultins
<br /> p •r�'1't.:,,. t.:.` �_.,
<br /> ;.��;�L ,, �.�.�. from damage to the Property prior to the acc�uisitian shall puss to Lender to the extent of the sums secured by this Secudty __
<br /> Instniment immediatcly prior ta the acquisttion.
<br /> �j��` ���3� 6. Occupa�cy, Preservatton, Matntenance and ProtecNon of the Properfy; Borrower's I.oan Appllcallon;
<br /> Leaseholds. Borrower shu!!occupy.estAblish,and use the Property us Borrower's pdnci�ra!res{dence within sixty days after = - - —
<br /> --- ; - she execuYsnn�f thls Securlty Iastrnmeat enc!shal!�nntlnae te occupy the Qropest}��9orrotaer�s princ�pel res�dern�for at �"� - -
<br /> , • �. ; leaa�st one yeer after the date of occupancy, unlesa Lender otherwlse ugnees in writ�ng, which consent shall not be =�:�:,,`�:;=��
<br /> • unreasonably withhald.or unless extenuatin�circumstences exist which are beyond Borrowerk control. Bonower shell not *' ^�°� w---
<br /> �' .. destroy.damage or imp�ir the Property.allow the Property to deterIorate,or commit waste on the Property. Borrower shall '�. .
<br /> , � be in default If any forfeiture action or proceeding,whether clvil or crtminal,is begun that in Lenderk�ood fnith Judgtnert � '�•.-_
<br /> could result in forfeiture of the Property or otherwise materiaily impalr the lien created by this Secudty Insuument or �� ' -
<br /> ' • ixnder�s secudt interest. Barrower ma cure such u default and retnstate,as rovlded!n arn • 3�''`��`
<br /> „ y y p p graph 18,by causing the actian �
<br /> . or proceeding to be dismissed with a ntling thut.in Lender:s good faith determinatton,precludes forfelture of the Botcower S _'�'''�
<br /> intereat In the Property or other materlal impairtnent of the lten created by thts Security Instrument or Lender�s security '�`
<br /> • �nterest. Horrower sh�ll also be in default if Borrower, during the loan appllcation pracess, gave materially false or ,'�" �:?��Y,: ; ,,
<br /> inaccurate informatton or statements to Lender(or failed to provlde Lender with any mater�al lnformation)in connection wlth �
<br /> the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy of the `�`'•
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<br /> Pro erty as a principui cesidence. Ii thia Security lnsirumeai is nn u icatiehotd,8orrower shail comply with atl ti�e prrnisions ° °
<br /> p u
<br /> •• of tha lease. lf Borrower acquires fce title to the Property.thc leasehold and thc fce title shall not merge unless Lender egrees � .�A
<br /> , ta the merger in wrlting. '�'+ �; .
<br /> 7. Protection of Lender's Righks in the Property. If Borrower fails to perform the covenants and agreements . ` �
<br /> �� wnwined in this Secudry Instrument, or there is a Iegal proceedin� thnt mny significantly affect Lender'.s rights in the �
<br /> " , Property(such ac a proceeding in bnnkruptcy,probate,for condemnution or forFeiture or to enforce laws or re�ulAtions),then
<br /> [.ender may do und pny for whatever is necessury to protcct the vulue of the Property and Lender's d�hts in the Property.
<br /> Lender's nctions may include puying uny xumx secured by u lien which has pdority over this Security Instrument,appenring '.
<br /> in wurt,puying reasonuble attomeys'fees und cmering on the Property to muke rcpairs.Althou�h Lender may take uction � �
<br /> undcr thls para�rnph 7,Lcnder docs not huvc to do so. '�;
<br /> Any amounts disbur+ed by Lender under this parugruph 7 xhull Ixcome udditionul debt of 8arrower secured by thi� ,
<br /> ' Security Instrument. Unlesx Borrowcr und I.endcr+�gree to other tcrmx of puyment,thesc umountz shull lxur intcrc.rt from the • ,� ��
<br /> date of disbunement ut the Note rntc und shall 6c puyubic,with intcrc.rt,upan notice from Lender ta Bormwcr reyuetitin� �'�'.��,n-
<br /> " puyment. �.��'�
<br /> 8. Mortgage Insurance. If I.endcr requimd mortgagc in�uruncc u� u condition<it' muking thc luun securcd by thi+ - •�" .� �
<br /> � Sccudty Intitrument. Borrower�hall puy thc premiumx rcyuind tu muintuin thr mortguge in,uruncr in effect. If, for uny ,.� , —
<br /> mason, the mortgage imurunce coveruge requircd by Lcndrr Lipseti or ceaties to be in effect, Borcower shall puy the g:1
<br /> • premtoms requircd to obtain covcr.►ge suhstantially cyuit•atcnt ta thc mortgage imur,u�ce prcviously in effect, at a cost =- �-•-�
<br /> . substuntiully equivulent to thc rost t�Bormwcr of the mortguge insuruncc prcvioutily in effect,from•rn alternate mortgage " 'i . ��
<br /> � insurer approved by Lender. If,ub�tantially eyuivalent mongnge insuruncc co�•crup.e i�not avuila6le,Borrower snall puy to , :'.,""�
<br /> l.endcr cach month a sum equal to one-twclfth of thc yc�irly mortgugc imuruncc pmmium hring paid by Bnrcowcr whcn the .
<br /> insuruncc coveruge lupsed or eeused to bc in effcct, Lrndrr�vill ucr�pt,uu und rrtain tlkx paymrnt.ax u Ia++rcxcrvc in lieu � �'
<br /> � of mongage inxurnnce. Los,rcsrrve puymrntti muy no lunger Ix reyuind, at the option of I.ender, if rnortga�c inwrunce '
<br /> covernge(in the nmount und for thc period thut Lcndcr rcquire�)providcd by nn in.urer uppruved hy LenJcr aguin bccomes '
<br /> . availuble and is obtaincd.Borrowcr shal I pay thr prcmiumx mquind t��maintuin mongagc i n,urancc in effec4 or t�►provide a �.
<br /> loss rcscrvc,until the royuircment feir man�:u�r insur�nrc rnJ.in urrordanrc�vith any writtcn uErecmcnt txtwecn Barmwer �
<br /> „ und Lendcr or applicablc I•rw.
<br /> ' 9. Ynspection. Lender or its ugrnt muy makc rcutionublr cntrir,upun und in.pectic�n�of the Property. Lender yhall �`
<br /> , givc Borrowcr noticc st thc time c�f or priur to an inspcction,perif�•ing rrawnablr cau�c for thc in��xrtion. -
<br /> , 10. Condemnation. The prexeedti of any award ur claim tiir dnmugc.,Jircrt��r cun.eyucntiul, in rcmncction with uny '.
<br /> Singl.f�amily•-Funnic S1uc�FYcddk�1xc C\1FON�1[\ti'fRC�iF:VT- l�niliirmCu�cn:mt. 9/90 ���,��e•?njn�h�er�i I
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