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<br /> ..;_�.��� 94- 102581 __ _
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<br /> ' ;x "' � " ' :'':; pedods thut Lender requireA. The inxumnce csurier pmvidin�thc iasumncc shall be chosen by Borrower subject tn Lend�r's
<br /> , - : „^ >� approval which ahaU not be unr+ea.gonebly withheld. If B�rmwer fails to maintain coverage descdbed a6ove,Lender may.ut
<br /> Lender's option,obtaln covernge ta pratect Ltnder�s dshtss in the Pmperty in accardance with paragcaph 7.
<br /> ��' � ' � All insurance polides and renewals ahall be acceptable to l.ender and shn11 include a stnndard morigage clnuse. Lender
<br /> � ��;'°-.-^..;.,k���, shell hnvo the dght to hold thc policies snd tenewals. If Lenderieyuirea,Bormwer ahell pn�mptly give to l.ender all receiptx
<br /> of paid premiums and mnewnl nodces. In the event of loss, BoROwer shall glve prampt nottce to the insurance cu�rIer and
<br /> .�. '` .. .. Lender. Lertdermay make p�t�of af loss if not�nade promptiy by Borrowcr. G=�_ - -- -
<br /> '� � � � ' � Unless Lender and Horrower otherwlse agree in wrlting.insurance praceeds shall be applied to restoration or repnlr of
<br /> , � the Propetty damaged,if the re�toration or repair is economically feasible and L.ender�s securlty is not lessened. If the �--
<br /> ` restoruttan or repair is nat economically feasible or L.ender�s securiry wauld be lessened,the insurance praceeds shall be �:"----
<br /> - applied to the sums secured by thia Secur�ty Instrument,whether or not then due,with any excess paid ta Borrower. If �=—
<br /> „ Borrower abandons the Property,or dces not answer within 30 days a notice from Lender that the insurance carrier has it•.x�y��y,:__
<br /> offered to settlo a cla[m,then Lender may coltect the insurance proceeds. Lender may ase the proceedw to repsir or restore �ti�.:-�----_=--
<br /> � •• the Property or to pay suma securcd by this Securlty Inswment,whether or not then due. 'liie 3tf�day period will begin when tz'''�'m'`_—_
<br /> the notice is givcn. ��'.��`°''��—
<br /> �.,�_.-�__�_�__
<br /> Unless Lendcr ar�d Borrower otherwise agrce in wdtin�,any upplicatIon of proceeds to pr�ncipal shul! not extend or �`--=--�'�""'�=�.;•---
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<br /> �� � ' '�„ postpone the due date af the monthly payments referred eo in paragmphs 1 and 2 or change thr.wnuunt of the payment�. If ���--w--�-�-
<br /> . under purugraph 21 the Property Is acquired by Lender. Borrower�s dght ta any insurance polIcies and proceeds resultfng `��`�;
<br /> " from dame e to the Pro rt rIor to the ac ulsition shall ass to L.ender to tha ext�nt of the sums secured by this Security ''� ' 1''"
<br /> 8 Pe Y P 9 P 3 �''�1:.,r
<br /> - Insuument immediutely pdor to the acquisition.
<br /> — ----.-- --._...
<br /> 6. (kcuoanev Preservation. Maintenance and Protection of the Propertvt Borrower's l,oan Applicattoni `�'�'=�`�r�"°
<br /> Leaseholds. Borrower shall occupy,establish.nnd use the Property as Borrowers pdncipal residence wlihin:�ixty days after ----
<br /> • the execution of thts Secudty Instrument and shall continuc to occupy the Pcnperty as Borrower�s pdncipnl residence for at � `�
<br /> ., � leust one year after the date of occupancy. unless Lender otherwise ugrees in wrftin�, which consent ahull not be � :;�'=;_
<br /> unressonnbly withheld,or unless extenuating circumstances exist which nre beyond Borrower's control. Borrower shall not �;,_.=`-==`
<br /> � destroy.damage or impuir the Property,allow the Property to deteriorate.or commit wuste on the Property. Borrower shall ',''`:'__
<br /> • • be in default if any forfeiture action or proceedin�,whether civil or criminul,is begun that in Lenderk good faith jud�ment }� ,. _—__
<br /> � could result in forfeiture of the Propeny or atherwise materislty impair the lien created by thjs Secudty Instrument or �° __
<br /> Lender's security interest. Borrower may cure such u default und reinstate,ac provided in paragraph 18,by enusing the action ��.�-t=
<br /> � ar proceeding to be dismtssed with u rulin�that,in Lendert�ood fnith determination,precludes forfeiture of the Borrower�s � ?iP#i>%�:-__
<br /> ' interest in the Property ar other mnteriul impuirment of the lien creuted by this Securiry Instrument or I,ender�s security :�
<br /> incerest. Borrower shnit ulso be in default if Borrower,during the loun upplication process, gave muterially false or �: ���
<br /> inuccurate informution or stutementx to I.ender(or fuiled to provide Lender with uny materinl informat(on)in connection with :r _���
<br />-- —._. ._._ ----.' - iiic i�Wi �ituuniS uy i�i� �iviti. iNljUUiiia. Utll SSUI lllfiftCt� W, SL'+JtC�Ctlt@llVtl] !1�Ht!'1H1}}� iiuuuwc�� �xa.upnu�y u�liw - _--- __
<br /> � " Prop�:rty ati u princtpul re,idence. If thi.Sccurity Instrument ix on a leusehold,Borrower shnil comply with all the provlsions _
<br /> of the leii+e. If R�rmwer ncquire�fec title to the Propeny,the Icnsehc�ld and thc fee title shnll not merge unless Lender ugrees __ _
<br /> to the mergcr in writing. `
<br /> 7. Protection of I.ender's RighGs in the Property. If Borrower fuils to perform the covenants und ugrecments
<br /> contuined in this Security Inztrument,ar there is u legal praceeding thut muy signifcantly uffect I,ender's d�hts in the
<br /> Property lsuch as n procecding in bankruptcy,probute,for condcmnution or forfeitum or to cnforce laws or regulntions),then ;� '
<br /> Lcnder may do und pay for whutcvcr is necessrry to protMt thc valuc of thc Property und Lender;rlghts in the Property. _°-
<br /> Lender's uctian�rnuy includr puying iiny tiums serund by u lien which hu�priority over this Security Instrument,appeuring �
<br /> in court.puying reasonable uttomrys'fce. und emrring on thc Prop�:rty to make repairs.Although Lender mny take uction .
<br /> under this parngruph 7,Lendcr docx not huve to do so. '�-.-
<br /> , Any amaunt,disburscd by I.cnJcr unJcr thi. puru�raph 1 shail brron:c aJditionul debt of Borrowet sccured by this �=
<br /> Security In+trumcnt. Unlcti.r Borrowcr und Lcnder ugrrc to ather tenns of piryment,thesc amounts shull tx ur intemst from the . -��-fl=
<br /> dute of di�bunement :�t the Notc r�ttc und shull bc puynMic,with intem�t,u�n noticc from Lender to Borrower reque�ting ��""
<br /> � payment. „ ���"�'�
<br /> S. Mortga�e Insurunce. If Lendrr nyuimd mun�agr insurunre a, a ronJition of muking thr loun securcd by this , ��
<br /> Security instrument, Rnrrower shall p��y thr rremium.r�•quired to muintain the mortgutn in+urunce in effect. lf, for uny --'';:';�'-
<br /> reason, the mnrtLsigr imuruncc coverugr r�yuired hy [.ender lupsc, ur rru+e. ti� Ix in rffect. Borcower shull puy the
<br /> pmmium�;reyuired to oNtuin coveragr +ub�tantiully ryuivalent tc�the mortgagr inxurunre prcviuu,ly in effect. ut u cost '
<br /> subs�untiully ryuivaknt t��thc cost to Borrowrr ot'thr mongugc in.uranrc pmviou�ly in rff'cct,from un ultematc mortgugc
<br /> insurer uppr��vcJ hy Lendrr. If.ub�tuntiully eyuivulcnt mon�agc intiurance rovcrage i+not uvailublc.Borruwcr tihall pay to
<br /> Lendcr ench nuauh a sum cyual to unc-twrlRh��f thr yrurly mort�ug�in+urunre premium lxing puid By Borrower whcn thc .,
<br /> insurancc covcra�c(apscd or ccu+cd to he in cftcrt. Lrndcr��•ill ac�cpt,uu and retuin thrsc puymcnts a+a k�.+rexervr in lieu -
<br /> , of mortgagc in�urnnrc. Lo.ti rc�erv� payment.muy n�� lon�:rn c� rcyuircd, .it thr optiem ot'Lrndcr,if mc�rtgugr insurunre
<br /> ccwcrugr Im thc:unount and ti�r thc prrioJ that Lendrr rryuirr�l providcd hy an in+unr approvcd by LrnJrr again lxromr.
<br /> uvnilablc and i+ohtuin�d.Borru��•cr.hall puy thc prctnium�rcyuired tu ntaintain tnc�rlEagc in+uranrc in rt'fcrt,or tu pruvidr u �
<br /> loss reservc.un►il thc mquimmrnt tirr murtg:igr in�uranrr cnd,in:trrurdi�nrr with any wrinrn u�rcrmrnt Ixtwccn Borrowrr �
<br /> und Lender ur�ppliruble luw. �
<br /> 9. Inspection. I.endrr or it.ugent may makr rcawnaMe entrie�uputt:md in+�xrtian,��f thc Pn��xrty. Lrndrr,hall �
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<br /> givc Borro�vrr noticr ut Ihr timr uf or priur tn:ui im�xrti�m,prcit'yinZt rra,im:+hlr rau.e f�tt thr in.�xr�iun. .
<br /> � , 10. Condemnation. �Ill`�lil)l'Cl'(IA U}�:1�1�':IWard��r rlaim ti�r d,unagr+.dircct ur ron+rqurutiul.in runnrrti�m with uny
<br /> , �mElc I.muh Fnnnk�tndF'rnddle�tuc l'\IFt)N\t 1\S'1'RI'11t:�1'..l'nd�mn c'���rn.ou. 9iW1 ��•�irr.+,qn p��e,•v
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