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<br /> �^ - periadv thnt l.cnder rcqul�+es. Th�irtsumnca carrlcr providing Ihc insurnnce shnll be chosen by Homower subject to Lcnderk
<br /> . ,! npp��nvul which ehnll not be onrcusonably wlthhelA. IP Setrawer failA to maintnin covemgc described above,L.endar mAy,at
<br /> _ l.encl�rk�pUon,abtain c�verpgo ta protect l.endrr'�right�in tha Propeny in accordanoe with parngraph 7.
<br /> Ap inAUr+►aua paliciex end rcnowal9 shalt bo c�aeptubiu to l.ender nnd shall Include u atandard mortgage cla�so. i,ender
<br /> shnll huvo iho rfght ta hold tho palisic9 aid�enowale. iP l.cnder rcyuires,Bo�rawer ehall promptly give to l.ender all necai�t+►
<br /> = -- o �P pxld pnm(umx and rcnowxl notiae. In the evcnt af loss�Borrower Rhall givo prompt notica to the insuras!ce carrier and
<br /> L,endcr. L.ender muy make proof of loss if not mnde pmmptly by Borrower.
<br /> `;. ; Unica»Lcnder anJ Bimuwer uthi;rwixo ugrc�in writing,insur�uice proceeda s;hall bo applicd ta n:storadan or rcpair oP �-- _ -
<br /> ' • tha Pro rty tfumaged� if tho roHtorntion or repair IA econamically fcasible and L.enderk security ia not leasened. if the
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<br /> - �etorut on or repair is not economicnily feastblc or L.enderi�seruriry wouid be lcssened,the insurunce proseed.v shell be
<br /> applied to the suma secured by this Secudty instNment,whether or noi then due.with any exces.9 p�id to Boerower. If
<br /> 9orrower ubandon�the Prnperry.or does not answer within 30 days a nottce from Lender thnt the insurance cnaicr has
<br /> affered to settle n clnim.then Lender moy collect the insuranco prxeeds. i,ender muy usa the proceeds to repair or restore
<br /> �� y. _ the Pmperty or to pay sums secured by thia Secudty Instn�ment,whether or nat then due. The 3U-day pedod wlll begin when
<br /> � � the nadce ia given.
<br /> � ti a'. � Unless l.endcr and Bocrower otherwlse agrea in writing,any npplicutton of proceeds to principal shull not extend or
<br /> ,s;�"��s�'-nid�. postpone the due dute of the monthly p�►yments rcferred to in purngraphs 1 und 2 or chan$e the amount of the payments. !f
<br /> � �. � ���'�-:��' under paragraph 21 the Propeny ia acquir� by L.ender.8ormwerk dght to any insurance poltcies end proceeds resulting
<br /> `` ''' ' '. • ' from dumage to the Pmperty prtor to the acquisltton shull pass to Lender to the extent of the sums secured by this Secudty
<br /> �l,� " ` Insaument immediately pdor to the ucquisidon.
<br /> , .,�.; �;`��
<br /> . . • 6. Occupartcy, Preservadon, Maintenence and Protectton of the Property; Borrower's Loan Application;
<br /> ; . Leaseholds, Botrower shall occupy,establish,und use the Proparry as Bomowerk principal residence within sixty days aftet �__
<br /> . -- - - __ tlsc tzc:ui6ar�of ii��ia�u,u�3ty ir�airu�r�cit arh3 sha�i:ant�auc io a:cu�,the!'tag�;�.:Be:rQ:eerb grinal�!rtsid.rsce far:! �-- -
<br /> lcast one year after the dat� of occupancy. unless I.ender otherwise agrees in writing. which consent shall not be
<br /> unreasonably wIthheld,or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall not
<br /> .9 � destroy.damage or impuir the Properry,altow the Property to detedorate.or commit waste on the Property. Borrower shall �_=,:
<br /> � � be in default If any forfeiture acUon or proceedin�,whether civil or cdminal,(s begun that in Lender�s good!'altfi judgment °
<br /> could result ln forfeiture of the Property or othenvise muterially impair the lien created by this Security Insdument or �•-
<br /> �•,
<br /> Lender's secudty intereat. Bornower may cure such a default and c�einstate.as pmvided in paragruph 18,by causin�the action �,i
<br /> or proceedin�ta be dismissed with a ruling that,iri Lender�s�ood faith determination.predudes forfeiture of the Borrower�s —'�==
<br /> '--,�.�:
<br /> . ' interest in the Pruperty or other mater�al impairment of the lien created by this Security Instrument or I.ender� secudty ,.�;
<br /> „ inte�+est. Botrower shall also be in default if Borrower, during the loan applicatian pracess, gave materially false or �-`."
<br /> inaccurnte informat�on or statements to Lender(or failed ta provide Lender with any materi�l infarmation)in connection with ��''
<br /> �ae:
<br /> the loan evidenced by the Note, including, but not limited to, mpmsentations conceming Barrower's occupancy of the
<br /> =- — Ptoperty�as a princips!residence. If sltis Securisy Insuument is oa a leasehold.Borsower sha!!com�ly with al!slt�provisions _
<br /> .. of the lense. If Borcvwer acquires fee title to the Property,the Ieasehold and the fee title shall not merge unless L.ender agrees •���--
<br /> ���'u
<br /> . ta the merger in writing. •..r�.,r,-
<br /> 7. ProteMion of Lender's Rights in the Property. If Borrower fnils to perfonn the covenanGc and agmxmentg ' �`��-�
<br /> contained in this Security instrument, or them iti a legul procecding that may significnntly affect Lender's righGS in the --
<br /> Property(such as a proceeding in bankruptcy.probate,for condemnution or forfeiture ar to enforce laws or regulations),then ! • '___
<br /> , L.ender may do cind pay for whatever is necessary to pmtect the value of the Property und I.ender's dghts in the Property. --�+.
<br /> � Lender�actions may include paying nny sums+ccurcd by a ticn w�hich has priority over this Security I�strument,appenring '
<br /> in court,paying re�.tionable atromeys'feeti and entering an thc Property to mukc repain.Aithough Lender may take uction ' -
<br /> under this parn�rnph 7,I.ender does not havc to do w. '
<br /> Any amounts disbuned by I.ende�under Ihis parugraph 7 �hal!bccomc additional debt af Bortower secumd by this •
<br /> � Security Instrument. Unles,Borrowcr und Lender uFrce to other temi,of puymcnt,thc.c umoun[,xhali be•rr inter+e+t finm the
<br /> date of disbunement at the Note rute and,hall bc:payabie, with intcrc.t, upcm notirc from I.ender to Barrowcr rcyucsting
<br /> payment.
<br /> � S. Mortga�e InSUrence. !f Lcndcr rcyuircd mongagc in�urunrr u..►randition of m•rking thc toan scrured by thix ,
<br /> � Security Instrument, Bonower,hull puy the pmmium� rcyuired to maintain the mortgagc in.urunce in effcct. If, for uny
<br /> reason, the mortguge inwrance coveruge myuired hy I.ender lap.e. or ceu�c+ to hr in rffect. Borrower yhall pay the '
<br /> ' prcmiumr rcquired ta obtain rnvcragc suhstantiafly cquicaicnt so thc mnrt�:agc imurancc pmviou�ly in cffect,at a cast
<br /> substantially equivalent ro the cost to Borrower of'the mungage inwrance p�viuutily in eftert,from un altemate mortgage
<br /> insuner upproved by Lender. If�ubstuntiully eyuiv:�ient mortgagr in.urance cuveragc i,not uvailablc.Borrower�hull pay to
<br /> Lender euch month A sum equul to onc-twclRh of the��rurly mungagc in,ur;mrr premium}ning paid hy Bormwer when the „
<br /> insurunee caverage lupxed or ceaticd to be in effect. Lender w•ill acrept,u,e and retuin thr.e paymrnt.a�u io..rcserve in I ieu
<br /> of mortguge insuranc�. Los�mticrvc puymenh m:�y nn longer br reyuired,at the opti�m of Lendrr,if mongage insunnre
<br /> coveruge(in the umount and for the period that Lrncler rryuire��pro��iJed h�•an imurer appru�rd by Lrndrr again berome+
<br /> „ availablc and is obtained.Bortower tihall pay thc pnmium.rcyuired ta maintain mon���ge in+urancc in effrct,or ti�provide a
<br /> loss re�erve,until the mquircmcnt for mortgage in�uranr�end�in uc�cxdanrr��ith an�•��ritten agreement txtwrrn Borruwer
<br /> and Lender or upplicable 1:►w.
<br /> 9. Inspection. Lcnder or itti agent may makc rra,onahle rntrir,u��n and in.Exrtium ut'thr Pmixrty�. l.endrr.hall
<br /> give Borrower notice at the time of or prior to an im�xrtion.�xcif'ying na.onahlc r.w.r for thc inti�xrtiun.
<br /> 10. Condemnatiun. The prc�ceed�of any aw•ard ur rlaim fi�r damagr�.dircrt ur rumeyurntial.in connertion with any ,
<br /> . SinElc Fam�ly•-Funnk�ti�e•F'rcddic\1nc l\IFUR\t IVti7Rl�1F.\7' l nd��rm C����•nam. 4,90 �p,�i�•?,./n�ti��r�� �
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