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<br /> ��.i '� � perl�da thnt Le�tder requires. The insw�tGa c�rler provtding the insurAnce ehull be chosenby Bomower subject to Lendcr's ` —
<br /> � uppravul which shnll not be unreasmmbly withheld. i[klorn�wer fuiia to muintulr�covcrage d$scrfbed sls�ve.l,en�:r rnay,st
<br /> • • � ' �'�•,`� Lenderi�option,abmin coverage to pmteet Lender's rlghta in the Praperty in nccordance wlth purngraph 7. — _——
<br /> ' ,.. All insumnce policies And renewuls shail tse acceptable to Lender and shall include n standard mortgage cluuse. I.ender ____ ______-
<br /> •'�`��•-•°-�'= , shull have the dght to hold the policies and renewals. If Lender reyuires.Botra�ver shall promptty give to I.cnder all rec�aipts
<br /> � ' of pald promiuma unc!renewul nodces. ln the event of lass,Hoirower shall give prompt notice to the insurence c�urier and h��.,T�g�-S_��r-�
<br /> ' Lender. Lender muy mnke proof of loss if not made prumpt3y by Borrower. �'-��-- - --:,- -�_-
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<br /> `�. Unless Lender and Bomower utherwise agree in wrldng.insurancr proccedR shall be applied to reatomtton or repair of ��;�?��-_" - '�"�-
<br /> _"� the Property dumaged. if the restoradon or repair is economically feaBible and Lender�secudty is nos lessened. [f the """-°�--���-•-�-�--.
<br /> ...�i_M 1 u1f'��-f�c z�.
<br /> restoration or repuir is not economically feasible or LenderS secudty would ba Iessened,the inaurnnce pmceeds shall be ,�•�r�,r ,..r. -=�'_-
<br /> npplied to the sums secured by this Security Insaument. whether or not then due. wIth an excess aid to Borrower. If �`�s�'��
<br /> Y P •:.x ir.v.�_--_: ��,-
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<br /> 9orrower sbundons the Property,or does not stnswer wtthin 30 days a natice from L.ender that the insurance cprder has ,:..:{;.,;�_.��,�..i,.,- .
<br /> offered to settle a clnim,then Lender may colloct rtr.e insurnnce proceeda• I.ender may use the prbceeds to repsir or restore •���,,,,;;;:, :;_.
<br /> the Property ar to pay sums secured by chis Securit�r pnstx+,nr.tiieiet,whether or noc thcn due. 'lite 30-day�er�al wlll besin when �- ��=�'= •--
<br /> ';e'rrt:'::1�=�r..:_
<br /> the�otico ia given.
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<br /> Unless Lender and Borrower othennrise a�ree in writing,amy applicatian of grroceeds co principal shall nat extend or : r • .• : ;.;�i��.
<br /> postpone the due date of the mont4�➢y payments refemed to ire paragrap➢�s I and 2 ou ch�ge Che amoum of the paymenes. Af ! _ �w.:-.�f�J:;°
<br /> .. :;�,.�;..;, . .
<br /> under pwugraph 2t the Property is acquired by Lender, Boerower�nght co any insura�rtce policies and proceeds resuQting ; . ;.;;.,�;•#y;�%::�;;.
<br /> fmm damage to the Pr+operty prior¢o the acquesition shup pass to Lender to ttex extent of the sums secured by this Security . � '� � '� :
<br /> Irtstrument immediutety prior to the acquesi�ion. �; •, ,�`���;a �t�r�,
<br /> 4, Occupancy, Preserv�IIB�.�m. 1�mt�eeAnce and Pro4¢�tion o! HIEw� �Troperrtp; �mr�owec's Loan A Iie�4lon; � �. �
<br /> E . PP `" ::�i:�:5'`;�:�.,3a�`E.
<br /> Il.am.vtf�mlds. Borrower shall occupy,estabtish,and use the Pr�gerty as Bonrot•¢r§priner.pr�sesidence within sixty Jaya after �r.�,�:�,�1�f����L.
<br /> . . the execution of this Security Insceumen4 artd shali contin¢e tv orcupy the 8ropeety as�.rr��wer�s principal resideace�'or at ;�f�r:ti;:;_,;_.__ _
<br /> ' le�st oste yeur after the date of occupancy, unless I.ertdee vchervvise A�.nxs in writin which consent shall not be �'`'-
<br /> b'. >«kFk:i..
<br /> unreasomably withheld,or unless extenuating circumstances exyst which arr l+tyond Borrowers cantrol. Borrower shal!not ;�:��;-;
<br /> desaoy.damage or impair the Property,allow the Property to deteriorate,or commit wuste on the Property. Borrower shall ;t�'::=
<br /> �<<•..
<br /> h�in d'efault if ao►y forfeiture action or pnnceeding.whether cnvil or criminal,is begun that in Lender's good faith judg_ment , ,••t: 'R; `•r���':,
<br /> ,� , could r�sult in forfeiture of the Property or otherwise �ar,�ri�lly impair the lien created by this Security Instrume�i or ,.,�,�.r;;;;
<br /> ' Lende�'s•security interest. Bo�rower may cure such a defaulc anJ reinstate,as provided in paragraph 18,by causing the��aon • �� .�-
<br /> �.;,:
<br /> or proceeding to be dismissed with a ruling that,in Lender's good faith determination,precludes forfeiture of the Borrower�s ,.•;:
<br /> interest in the Property or other material impairtnent of the lien created by this Security Inswment or Lender's security ', '.• ?�!.=-
<br /> � .r�•-=�.
<br /> �� interest. Bonower shall also be in default if Borrower, during the loan application process, gave materially false ar .,;f;�;; ,, ,;�
<br /> �� �, inaccurate infoRnation or statements to Lender(or failed to provide Lender with any materi�l information)in connection with •':-t' ti.,�{{ —�'�'�%;`;.
<br /> . --- --= ihe !o�etideslCet! by the ?Ve?e. '+.„cl��diqg. h��t not limite� to, nepresentations concemin� Borrower's occupancy of the f,:�� '.;' _
<br /> Property as a principal residence. Dff this Security Instrumeno i�on a leasehold,Borrower sha�l comply with all the provis�ons � �;i� .�.�c
<br /> of the lease. If Borro�4er acquires fee title to the Propercy,the leasehold and the fee title shaq not merge unless Lender agrees �t�,4�,� ' �•
<br /> to the merger in writing. �
<br /> Y`�•
<br /> 7. Protection of I.ender's Rights im R�e �a�aoOneMy. If Borrower fails to perfortn the covenants and agreements • �;°:
<br /> contained in this Securiry Instrument, or thear i� a Irgu! prRCeeding thut muy significandy affect Lender's rights in the : . .� '��`��
<br /> , �toperty(such as u proceeding in bankruptcy,pr��bate.ti,r concJemnation or forfeiture or to enforce laws or regulations),then •� ' ••
<br /> LenJer may do and pay for whalcver is necexvaq to protert the vuluc of the Property and Lender'.s rights in the Property. "�
<br /> � Lender's actions may include pa�ing any sum��rrured by a lien which hux priority over this Security]mtrument,appearing �',�,�
<br /> in court,paying reaeonable nttomeyx'fee�and rntering or�the Property to make repairs.Although Lender muy take action , . ••�
<br /> ' under this paragraph 7,Lender does not have to do�o. �� '
<br /> Any amounts disbursed by Lendcr under this puragraQh 7 xhull become additional debt of Bormwer+ecured by this �y.F��;�, �
<br /> Security Instrument. Unless Borrower and Lendcr ugree to other terms of payment,these amountx shall bear interest from the � ;`.!,-.�'r
<br /> ' dute of disbursement at the Note rate and shall be payablc, with interest, upon notice from Lender to Borrower requesting ; l�;;`;, `�r',it�t.; ���?-
<br /> payment, �',:.,+• :-���
<br /> 8. Mortgage Insurance. If Lender reyuired mortgage insuranre as a condition of making the loan secured by this . r�:;,'��';-
<br /> Security Instrument. Borrower shall pay the premiums reyuired to maintain the mort�age inxur.uice in effect. If, lor any � • .. ;.;j.�•,:
<br /> :�, . ,.tt3;.:
<br /> � [�easan. the mortgage insurance coverage reyuired by Lender lapse. or ceases to be in effert. Borro�ver shall puy the ' .'�,��'_
<br /> � � .;,,��',:;y . .
<br /> premiums required to obtain cavecage substantially eyuivalent to the mortgage insursnce previously in effect, at u cost ,i:•.�;�'
<br /> . �•`� ���' substantially equivalent to the cost to Borcower of the mor[gage in�urance prcvtau�ly in effect,from:ui altemate mortgage ,• ,r:• ��'� ,
<br /> insurer approved by Lender. lf xub�tu►tially eyuivalent mortgage imurance coversge is not uvailuble.Borrawer shall pay to �'.?'•'
<br /> i,ende�cach month a xum eyual to one-twelfth of the yearly mon�.ag�insuranre premium being paid b�� Borrower when the �. �,�
<br /> insurance coverage lapseci or ceased to be in effert. Lendcr will arrept,u�e and retain the+r pa�•ment�as a lu..retierve in tieu � • � ,
<br /> . . of mortgage insurance. Loss reserve paymentx may no longer be reyuin�d.at the option of Lender, if mortgage insuttince ,.;, ,.
<br /> �' •': coverage(in the amount and for thr period that Lender rcquirc�)pmvided hy an inwrcr approved by Lender ag:�in heromes � f�, .:
<br /> .�•�' ��� available and is obtained.Bormwer shall pay the pmmium�myuired tu muintain mungage in.urance in effert,or to provide a
<br /> loss reserve, until the reyuimment far mon�:i_e insuranrr end.in acrordance with any writtrn agreement between Borrower
<br /> and Lender or aprli:able law. .
<br /> 9. lnspec¢unn. Lender��r itti agent m:i� mak�rraxi�nahlc rntrie�u�mn and in�Ex:rtiom��f the Pn>�xrty. Lrnder.hull
<br /> give Borrower notire at the timc�`or prior to an in,�xrtior..^rcit}•ing r�a��mable cautir tc�r thr in.pcetion.
<br /> •, 3Q1. Condemnation. The pn:ceeds of um:ntiard.�-:L�..r.for damage.,dinrt i�r comeyuential. in connection with any
<br /> SmElr Famil�-�H'Annie�tar•'k'reddir�tar l'\IFUN\l l\vTR['�1F.1"f -[nAurn�('u�rn.mt. Y/90 �p���r?��1 A�w¢rv
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