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<br /> __- R� 94_ �o�as
<br /> „a=�,,,�:�,m p,.dods that Lender requires. 'Ihe insurar►ce carrier pznvidiny the insurance sha.li be chosen by Borrowcr subject to Lendce��
<br /> :����,� a8prov�i which shnU not be unreasonably wtthhel;1. If morrowcr fnils w maI��uuin coverage described ubov�.Lender mny.at
<br /> Lender�option,obtsln cnvemp,e ta pratect l.endo�3�d�hss i.n ttte['roperty in�cxozdance with pamgraph?.
<br /> ��J�t`v'�.__g''� � All tnsw�ence policIex and renowals shal!be r.cceptab�C ro Lender nnd sha!!inciude a standurd mortgnge clause. Lender '
<br /> shaU have the right to holQ the policles and renewals. If Lender requtres.Bonower shall promptly give to Lender all receipts
<br /> "r''''���f=;���r.� . of paid premtums and renewul notices. In the event of loss,Borrower shal!�ive prompt nouce to the insurance cnn�ie�r a�d
<br /> --��F�j� Lender. i.endet may make proof of loss if not mnde pmmpfly by Borrower. �
<br /> �-�-4rt������ Unless Lender and Borrower otherwise agres in wrlung,insurance proceeds sl4all be applied w cestoradon or repaic o!
<br /> '•f°.t'�l�'r,•..;:"f''i_.:.,.Y
<br /> _.�.F the Pmperty dama�ed, if th$restoration or repair is economically feasibte and I.endyr� security is not lesserted. Ef ths
<br /> �:�L�f.'s`'�.;�;� restoratian or repair is not ecottomically feasible or i.ender's security wouid be lessened,ths insurance proceeds shaU me
<br /> �;'�.'"' appUed to the sums secw�ed by this Secudty Instrument, whether or not then due. with any excess paid to Borrowex. if �
<br /> ���� Borrower abandons tha Property.ar dc�s not answer within 30 days a notIcc ftom Lens�er that th�fnsurance car�isx has
<br /> ' - • ''�" ' offered ro settle a ciaim,then I.ender may oaltect the insurance praceeds. L.ender may use ih�piooeeds to re,pair or restosa
<br /> - `-`•• '� the Property or to pay sums secured by this Securlty Insuument,whether or nat then due. 'I'he 3aday periad w�11 begin wh�n °-
<br /> <; ' the notice is Stven.
<br /> � Unless Lender and Borrower otherwise agree In writing,any applicatIon of proceeds to principal shall not extend or
<br /> • . �osl�onc the due date of the monthly payments referned to in p�ragraphs 1 and 2 or change the amount of the payments. If
<br /> �and�r pacagraph 21 the Property is acquired by L.ender,Borrower's right to any insw�ani�e policies and pmceeds resultlri,g
<br /> -� From damage to the Property pr�or to the acquisttion shall pass to Lender to the extent of the sums secured by ihis Security —
<br /> � <r� Instrument immediatoly prior to the acquisidon.
<br /> ..�°: . ' 6. Oecupancy, Preservation, IV�aintenance and Protection of tl�e Property; Borrower's Loan Appltcatton;
<br /> ,;f;:�;:;:.. «
<br /> � . �., �,�:,;.;�, � I,easeholda. Borrower shell cecupy.estabiish,and use ihe Pmperty as Borrow6r's principal residence N•ftfiin sixty days after
<br /> ' ''T the pxECUtion of this Security tnstn�mertt and shall continue to occupy the Properry as Borrower's princlpal resIdence for at
<br /> `�•k;�:F;:.' ':
<br /> `' lea�� one year after the date of occupancy. unless Lender otherwise agrees in wridng, which cansent shall nat be
<br /> unm,asonably wlthheld,or unless extenuating circumstances exist which as�e l�eyond Borrower�s control. Batrower shall not
<br /> � destroy.damage or impair the E'roperry. allaw thc Properry to deteriorate,or commit waste on the Propariy. Bamnwer shall
<br /> � � be in default if any farfeiture action or proceeding,whether civil or criminal,is begun that in Lender's gooQ faith judgment
<br /> � • could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or
<br /> ' LenderS security interest. Borro���er may cure such a default and reinstate,as provided in paragreph 18,by causing tho action
<br /> � or prnceeding to be dismissed with a rul ing that,in Lender's good faith determination,precludes forfeiture of the Borrower�s
<br /> „ -• inter�st in the Property or other material impairment of the lien created by this Security Instrument or Lender's securiry
<br /> interest. Bocrower shall aiso be in defuult if Borrower, durin� the loan apptication pcocess, gave materially false or
<br /> �� inaccurate informueion or statements to Lender(or failed to provide Lender wIth any material information)in connectiore with
<br /> - . . � IfIC �4rilll CYIJtitt�2ti b� thc �:oic, inclu�iing, bnt aot limited to, rrpresentations eQnceming BQrroever'� accupancy of the .-- .
<br /> . PmpeKy as a princapal residence. If this Security Instrurnent is on a leasehold,Borrower shail comply wlth all the ptovisions
<br /> „ of thr lease. If Borrower acquire+fec title to the Property,the lcASehold and the fee title shatl not merge unless I.ender agrees
<br /> - to the marger in w citing.
<br /> • 7. Protectlon of l.ender's Rights iu� uka Property. If Borrower fuils to perform the covenants and agreernents
<br /> • contained in this Securiry Instrument. or thece is a legal proceeding that may significantly affect LenJer's rights in the _—
<br /> � Property(such as a proceeding in bunkruptcy,probate,for condemnation or forfeiture or to enforce laws or regulations).then ___
<br /> Lender may do and pay for whatever is necessary to pro4�ct the value of the Property and Lender's rights in the Property. -
<br /> �_
<br /> � ,. Lender:s uctions may include puying uny sums xerured by a oian a�hich has priority over lhis Security Instrument,appeariag —
<br /> in court,paying reusonable attorneys'fees and entering on the F'roperty to mal.e repairti.Although Lender may take action
<br /> under this paragraph 7,Lender dces na have to cl�*so.
<br /> Any amounts disbuned by Lencler under t:�ix paragraph 7 shail tx�ome adJitional debt of Borrower secured by this
<br /> � Security Instrument. Unless Borrc�wer and Lender ugree t.r other ternn of pa�ment,the+e amounts tihall bear interest from the
<br /> dute of disbursement nt the Note rate and,hull be puyahlr,a�ith intere.t,u{wn notice fram Lender to Borrower requecting
<br /> „ • puyment. ,
<br /> 8. Mortgage Insuranee. If Lendtr reyuirrd mortgage imurance as a condition c�;maAing the loan secumd by this
<br /> Securiry Instrument. Borrower tihall pay the �remiums r«guiped to maintain the mortsag� insuran�e in eFfert. If,for any '
<br /> „ ,���;'; ..'• rea+on. the mortgage in+urance coverage reyuired by Lender lap�e� or ceases to hr in �rftect, i6orr:?�rer shnll pay the
<br /> ' premium� rcquired to obtain Cover;�ge �ubstantialty cyui�alent tc� the mortga�r in+uran�e pre�ioush cn et'P�ct, At �cost
<br /> sub�tantially eyuivalent to the co,t to B�>rn�wrr uf the m��n�.�ge imurancc prcvioutih irs e:frct, tton�:�rt alprmate moetgage `
<br /> imurer approved by Lendcc If.ub,tantiallp ryuivalrnt m��ng:ige in,urance roverage i.n��t a�ailuble,Bc�rrower�M:ul nay to
<br /> Lendcr earh month a tium ryual tu une-tuelfth of the��rarty mortgage in+urance premiurn lxin�paid hy Borrower ah�n the
<br /> inwrance roveragc lapud or rca,eJ t��hr in rffrrt. Lrn�kr«ill arccpt.u,e:ind retain thr.r pa��ment,a;a lo.s m+erve in lieu
<br /> esf mc�rtg�g� in.uran�e. Lu„re.rn•r�a�mrnt�m:+y nu I�maer lx reyuimd.at tBe aptiun uf LenJer.if martgare in.�,rance
<br /> co�rr:+ge lin the amuunt anJ t.�r tfir �xri<xl that Lrndrr rcyuic:.�pri��idcd hy an imur�r appro�rd hy Lrnder again he.ormeti
<br /> . availablr and i,obtaincd.Burrm�rr,hal l pay thc pr�mium.rr.{circ�f tu m�int:�in nuirlgagc in,uranrr in cffcrt.or tc�prc��icit a
<br /> , lo++rexn•r.until tfir reyuir�nunt tiir mungage in.uranrc rm;��n accurdanrr��ilh:►m ��rittrn ugrermrnt txtHr�n B��zro.�cr
<br /> and Lrndrr or app'.irable lu�►.
<br /> 9. Inspectoon. Lcndrr or iI� agrnt ma� m.il.r re:i.un:ihlc rntrir.up�m:uid in,�kcti�m.��f thr Ph�[+irt). LNndcY tilt:�ll
<br /> gi�e Borro��rr naticr xt lhr timr uf ur prior to:m i:itiprrU���;,nrcih ing rra�unahlc rau•c tin•thc in.�xruuri.
<br /> DCI. ('undemnation. Th:�r.�.•:rd�of:im a��:ird�,r::.�:- fur d:unag�..dirc.t�,r�un.ryurntial. in ronnrrtion�:ith:ui�
<br /> `�� SmE!:':.m : Fnnnir�1ar Frcddie\la�1\IF<)R�11�t1 NI�ff\f 1 mt..nu('���a�.in�. Y 4D �p.�er:.;•, ,•�,,•..
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