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<br /> . . ; ,„�P ,-, ' periads that Leeder nequires. The insurmce cnaier providin�the lnsurnnce shall bQ chosen by 8orrower Aubject ta I.ender�c •
<br /> Approval which shnl!not be unr+eusanably withhold. If Burro�ver fails to mui�tui�coverugo descdt►Sd nbave.l.ender mc�y,ut —
<br /> " °' � " � Lenderk optlan.obtain covemge to protect Lendork dghts in the Property in uccordEince with pamgrnph 7. . . � - --
<br /> °�� • All insurance policles and renewuls sl�all t�ncceptable tu Lender und chaU include n standar+d mortguge cluuse. l.endec . , =
<br /> . shn11 huve the�ight ta hold thc palicics ond renewuls. If l.endrr requirca,Borrower shnll pmmptly give ta l.cnder�11 receipi.�
<br /> of puid pmmiums mid renewui noticex. In the evem of lasc, Barruwer ghall�ive prompt notice to the jnsurance carcicr and
<br /> _ ' ,. L.ender. Lender muy make proof of taxs if nat made promptly by Bomowcr. ''' � , � ��•
<br /> • ' �� Unless Lender und Borrawcr athenvise agree in wrlUng,inxumnce pmceedn,huli lx upplicd w resrorntion or repair of -
<br /> � the Propeny dumaged, it'the restamtion ar repait is ecanomically Ce:uible nnd I.ender's security is not le�:sened. !f the • ' . ---
<br /> mstoriuIon or repair is not economicuily feasible or l.endert security aould be Ie�sened, the insutance procerds shull be " „�
<br /> uI �.
<br /> _____; .. ___, applicd to the suma secured by thia Secur�ty Insuument.whe�her or not then due,trith:uty cxcess paid to tiorrower. !f � -° - - '
<br /> , , Borrower ubandons the Property, or dces nai answer wlthin 30 days a natice from Lender that the insurance currier hns • -
<br /> offered to settle n e1Atm,then Lender mny collect the insurance pmceeds. Lender muy use the proceeds to repair or restore "R`
<br /> • � the Property or to pny sums secured by this Security lnstrument,whether or not then due. The 30-duy period will begin when �2�
<br /> �� • the notice is given. " -
<br /> Untess Lender and Borrower otherwise usree in writing,any application of pmcecds to principal shnil not ex[end or ' q�-
<br /> postpone the due date of the monthly puyments referred to in paragraphs I and 2 ar change the amount of the puyments. If �� �
<br /> under pnra�raph 21 the Property is arquired by Lender, Bornower's right to any insurance policies and preceeds resuCting � ,
<br /> from damage to the 1Ftroperty peior to the ucquisition shall pass to I.ender to the extent of the sums Secured by this�ecc�rity *'` '
<br /> Instrument imcrtediaeely Prior to the acquisition. � '�' `�
<br /> • �a:?
<br /> � , 6. �►s�yu�rg�, Pres�QVmrti�+n, llyda6�tenanee and Protectian of the Property; Bor�ower's Lvam A��IiQa4kQm; I.' �
<br /> I.eas2P��. BQtrower shall occupy,establish,and use the Prmperty as Borrower.l•principal residence within sixty da�rs:nfter �; "=-
<br /> � . the exocutivn of this Securi Instrnemer�t ared shalt cc�ntinue ao occu the Pro rt as Bomower's rinci a!residence far se � `'
<br /> � �' PY Pe Y P P i�... ,... ..
<br /> , least one year after the date of accupancy, unless Lender otP�envise a�mes in writing, which consent shall noe tre ; ' �� �
<br /> , unreasonably wethheId,or unless eAtenuating circvmstances exist whicP�a�e beyond Borrower's convol. Borrower shaU not ,, . ' '�
<br /> � destroy,damag�or iu�pair the PYop�erty,alEuw u'te Pr�jserty to deteriorate.or commit waste on the Praperty. Borrower shall . �----
<br /> ;�_
<br /> be in dafault if any forp'eiture actiom or procee�i6rr,-a,, whether civi(or criminal,is begun tteat en Lender�good faith judgment � -
<br /> could rtsul! in focfeiture of tite Phoperty or otherwise materialEy impair tDte lien cr�ated by this Security Instrument or ��
<br /> I.ender�s security interest. Bornower may cure such a default aRd reinstate,as pmvided in p�.u-sgraph I R,by cuusing the action � � =
<br /> ' or proceeding to be dismissed with a mling that,in Lender's good faith determirtation,pmclades forfeiture of the Borrower's
<br /> interest in the�topeety or other material impairment of the lien creuted by tteis Security instrument er Lender'.s security � ,.�,�?•�"�
<br /> interest. Botrower shall also be in default if Borrower, during the loan application process, gave materially false or �", h
<br /> , inaccurate informarion or statements to I.ender(or failed to provide Lender with any material information)in connection with r "~'---,
<br /> the ioae�evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy of the , � •`�^, "
<br /> ``r�.��� Pro r¢ as a rinci al residence. If this Securit Instrument is on a leasehold,Borrower shall comply weclt�l the prooriscons
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<br /> .. �..'-.'•_.`.- 0.........»�^.. If Bomoe:cr arqu:rc�FCt litlC t6 i.~:.�I,�Ciij'.L�iC L<'Y.Kt[V[LL all4 4CR�c�IitI2�S7dII(iU(illCib'C CCCIACIJ LCIIIICI db'[L'C1 --.-� —-— ---
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<br /> ,�.,r . to Uhe merger in writimg.
<br /> �''� 7, �c�otecdnu� �r7 Lender's Ri
<br /> ,};:;;.,, ghts in ¢0�¢ �POperty. If Borcov.�er faiis to perform the covenantx and agreements ..f •
<br /> ��.�:- contained in this Security Instrument, or thetr is a legal proceeding that may significantly affect Lender�s rights in the �� �
<br /> �'r°�;';;:;;,1 PropeKy Qsuch as a proceeding in bankruQtcy,probate,for condemnation or forfeiture or to enWrce laws or regulations),then . ';:.: ,t, �
<br /> •`�'�'<• L.endc�ma do and a for whatever is neces. p pe y g pe y
<br /> ��,: 7� Y p y cary to rotect thc value of the Pro rt and Y.ender's ri hts irt the Pro a . � " `•I
<br /> ' ;...,i+�:s'! ` ',-• (j E ., , .-..
<br /> . I.ender's uctions may include paying any sums secured by a lien which hus priority over this Security[nstrument,appearing ? �•,�1 •
<br /> :, in court,paying reasonnble attorney.s'feeti and entering on the Propetty to make mpain. Although Lender may take action j�
<br /> . under this paragraph 7,I.ender dces not have to do so. 1 � .
<br /> � My amounts disbursed by Lender under thix paragraph 7,hall become additional deht of Borrower�currd by this � �,
<br /> Security Inswment. Unless Borrower and Lendcr agree to other tcrms of puyment,the,r amounts shall bcar intcrctit from the �
<br /> � date of disbursement at the Note rate and shall bc payuble,with interc,[,upon notire f'rvm L�nder to Borrower requesting �" �'} ��.-•
<br /> �,.JL'a-� "
<br /> payment. ' ��� �•' � �,�.-.
<br /> ' 8. Mortgage Insurance. If Lender reyuired mortgage insurance as a c�mdition uf mal:ing the loan secur+ed by this •�;��� . . ?���'.R
<br /> • Security Instrument, Bnrrower shatl pay the premium� reyuircd to maintain thr mortgage inxurance in effect. If,for any � �,�i
<br /> ° reason, the mortgage insurnnce covernge rcyuired by Lender lap.e� or ceau� to bc in �ffert. Borcower tihall puy the : ' A_"S
<br /> ,,,:e�; premiums required to obtain coverage substnntially ryuivalem to the mortgage �nsurance previously in effect, at a cost � � �'��""
<br /> ;�,�t,;,,,.
<br /> �1.;;.:�;�. Y e9 � F P Y� g•�• ..,�„•.r.
<br /> _�. substantiaU uivalent to the co.rt to Borrower of the mon u e insurance rr�•iousl �n e(fect,from an ultemate mort a c
<br /> ��t�:�''� insurer approved by Lender. If substantially eyuivalent mortgAge insurance covera�e ix not available,Borrower shall pay to � ���';':�.•;,�,�'_
<br /> :., • . Lender each month a sum equal to one-twelfth of the ycarly mort�age in.urance premium being paid by Borrower when the j ' ���1:�`'��"
<br /> ' �� insurance coverage Inpsed or ceased to be in effrct. Lender wiU arrept,u,e und retain thetie payment.a.a lo.�reserve in I ieu � `'¢'`�'�
<br /> �: ; z
<br /> .. . of mortgage insurance. Loss retierve payments may no lunger br myuired, at the option of Lender,if mortguge insurance � , . �-��
<br /> coverage(in the amount and for the period that Lendcr rcyuiresl pmvided by an in+urcr approved by i.enJer agxin becormec i • '.��
<br /> available and is obtained.Bomower,hall p:�y the prcmium+rcyuircd to maintuin mc�rlgage imur�ncr m eftect,or to providr a i ��
<br /> . � loss reserve,until the requirement for mortgsge insur.�ncc ends in accordance with any written agrcement hetween Borrower y
<br /> and Lender or applicable law. j��.�'�
<br /> 9. Inspection. Lender or its agent may makc rcasonable rntries upon xnd in,�xctium uf the Property. Lender.hall � i:{'"!��
<br /> ;'};�,; give 8orrower notice at the time of or prior to an in�pection s�xcifying rca,�mable cauu ti►r the in.r�ction. • '��•r��
<br /> ;,;_.`•;:; i0. �ondemnation. The proceedx of any award or cl:tim fur Jamagrti,direct or ron.cyuential,in ronnertiun�.iQh.:r.: : �}
<br /> ����7:'i};. Singte Famity •tannie�1uelFreddle�lac('\IFt)R�t 11STRl'�tEVT--l"mt.mn('o�en.mt. 9/40 �puee?.qn r,:_.•, ' 8.
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