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<br /> pzdcidw thnt I.ettder requir�s. The insumnce cnrrier providins the insuruncC shull be chosen by Borro er x�+fectlu Lender�s , .
<br /> oppmvnl which shnll not 6e unmusannbly withheld. If 8orrawer fAils to matntain covemge described ctbuve,Lendrr may,at , � -
<br /> _ ' ' ' L.enderk optton,�htain c�vemge to protect I.cnderk rlghts in the Property ln uccordance wlth psuugrnph 7. ,` �
<br /> ' �:, • AU insumnco policles and renowuls xhall t+�acceptahle to Lender nnd shall include u swrtdanf mortgoge cluuse. Lendsr ' . �
<br /> � �hull have the right to hold the policfes nnd rencwuls. If Lender rcquires,Borrower shull promptly givc ro I..ender ull receipis � �' '- _
<br /> .. . .. _ __
<br /> �� of puid premiuma nnd renewul noticex. In the event of loss,Borrower shall�ive prompt notice ta the insurnnce carrler nnd � ° "
<br /> ' � �� • L.ensier. I.ender muy make proof of lass if nat made promptly by Borrowcr. ., - „ ';
<br /> Unless[xnder und Bortower otherwitic agrce In writing.insurance pra�eeds shall be applied to restorution or repair of ' ___
<br /> . the Property domaged.if the restomtian or re}�air is economirnily feusible und Lender:s�secudty is not le�sened. lf the . ° �
<br /> • nstomtion or repair 1K not economicully feasiblc or l.enderk securlty would be lessened,the in�;umnce proceeds shull t�e
<br /> " applied to the sums secured by this Secur�ty Instrument, whethet or nat then duc, with aty excess puid to Borrowcr. if =-�--_ �� ''���- °—
<br /> � � Borrower abrindona tho Property. or dces not unswer within 30 days u natice from Lender that the insurnnce cu�rier has �� _
<br /> � ' offered to settle n ciaim,then l.ender mAy coltect the insurnnce pmcceds. Lender may use the proceeds to repair ar restar+e � �
<br /> � tho Ptoperty or to pay sums s�cured by thi.s Security Instrument,whether or not then due. The 30-day period will begin when "��t-•-
<br /> " the notice ia given. '�
<br /> Unless Lender anJ Borrower athenvise agree in writin�,uny application of proceeds to principnl shaU not extend or �"��
<br /> � postpone the due datc of the manthiy payments rcferrcd to in pura�raphs 1 nnd 2 or change the amount of the puyments. If �.!
<br /> under paragraph 21 the Property is acquired by Lender. Borrower's ri�ht to any insurance policies and praceeds resulang ;�.i"
<br /> from damage to the Property prior to the acquisition shull pass to Lender to the extent of the sums secured by this Security ' .
<br /> • Insmrment immediatefy primr to the acquisition. ��
<br /> , 6. Occu�sacy, Fn�es¢vaa¢6om, ld�a8uu¢emance anaE ProtecrtEon o6 ahe P�gnr�p; Ban�a�r�r's Loan Applicat6oro; ' �
<br /> .� I.easeholds. Borrower shal��cupy.establish,and use the Property as�orrower's princigral residemce wit�'n sixty days after "':!• �'F�''=
<br /> • the execution of this Securi¢y Ins¢n►rt►ent and shall wntinue to occupy the P�roperty as Borrower's priuecipal residence for:�t � � ''`; ��s
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<br /> f,-,',,.; teas¢ one year after the cda2e of occupancy, unless Lender othenvise ag:cees in wceeing, which �onsent sF�af[ moY h�
<br /> � � � unreasonably withheld,cx un[�s.rxtenuateng ci�cumstance.exist which ase beyond�aea��«er�controE. Horro�v�r shall ncrt �'�J��-' " ��%%� ; � —
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<br /> _ :r�;.;..t,r'. desrroy.damage or itm¢�au tih� ?r�erty.allow the Property sc�,l�tarioratr,a�r rammit �vaste on the Pr�*�perry. $orrt�wer,h•a�l � :, ' .�„ �`,•f'
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<br /> �*'�'�' ,; be im default if aar.y forfeiqure acuon or proceeding,whethre civil a:ecirninal,i;begun thac in Lender's oDUd fai¢h ju�gca�er�t `� �,''�����`'isi.,;�y("'�;•
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<br /> , ,•�.�I�'' �:� com➢d result in 4'�r:teiture of the Roperry or othervvise �materially im�air ihe lien created by this Se.se�ity I�stn+r..ent o�Q � "' `'`!`����`�' �
<br /> �' ''��` Lender's see�rrity�inaerest. Borrower may cure such a defAUlt and reinseas�,a.:provided in paragraph i�,by ea�sin�the actiaM ` �..-;..'S�,`� ..;.�-i,� at' •
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<br /> f` �' '� !�:, m roceedin to be dismissed with a tulin that,in�.endc�'. oal fait�e aleterrnia�ation, recfudes forEeinure of the�arruv►•er's ;� R:`'`'" '� ""y`�'�`f
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<br /> enterest an!he Pro or o4her material im airment o8'the lien cmated by �hiy Sec�enn� IonWC�memc or l.ender's securit °��� `4''��?��`���'
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<br /> �.; . � . ; enteaes¢. ]B�sro�ver sRall alsu t� in atefawl¢ iff Borrower, during tha �e�a�s apnZncpciun process, gave materially false or
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<br /> the loan evideacec� by sNe �ote, including, but not limited to, represe�::a::a�ns cottceming Borrower's occupuncy of the � i
<br /> Property as a principal residence. If this Security Instrument is on a leasehold,Borrower shall comply with all the provisions , 1
<br /> of the Iease. If Borrower acquires fee titte to the Property,thc leasehold und the fee titte shnll not merge unlecs I.ender�gmes „ #
<br /> to the merger in writing.
<br /> 7. Protection ot I.ender's RighGs in the Prope�ty. if Bormwer fuils to pert'ortn the covenantx und agreement.
<br /> � " conwined in this Security lnstrument, or then: is a Iegat procreding thut may tiignific:unly uffret L.ender� rights in the ,
<br /> � Property(such a.e a proceedinF in bankruptcy,probute,tor condemnatiun or forfeitum or to enfi�rcr law,or nguluti�m�),then
<br /> l.endcr muy do and puy far whatcvrr i+nrrr..ury tu prutcct thc vuluc uf 1hr Pro�xrty und I.cndcr+ right,in thc F'ru�xny. �.�'
<br /> Lenderl nctionx may include p.�y'sng uny.um�.rrun:d by:i licn whirh hu.pri��riry uver thi.Scrurity Imtrumrnt.uppearing ( G�
<br /> � in court, p•rying rcasonablc attomcy+'fres and cntcring un thr Pn�pcny to mukr npain. Althuugh l.endcr may tul�c �ution ` , /�;�
<br /> under this paragraph 7,Lendcr doc,not huvc ti�do,o. I
<br /> Any amounts disbuned by Lender under tbiti paragraph 7 �hall Ixrumc uJditional debt uf Born�wer�ecurcd by Ihiti
<br /> Security instrument. Unlexs Borrowet und Lcndcr agrec to othcr tcrtm of paymcnt,thetic umauntti tihall bc;u intcrc�t fr<�m th� , . �
<br /> date of disbursement at the Nute rAte and tihuU hc a•abla with intentit,u n notice from Lender to Bc►rrower rr ucytin '
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<br /> payment. � ,i/ ���_
<br /> ,. 8. Mortgage Insurance. If Lender rcyuimd murtgagc intiurunce a�a condition of muking the lo:ui secun:d hy thiti � �;' �_
<br /> �'•• Security lnstrument, Bonower shall pay the premiumc reyu�red to maintnin the mc�ngage intiurance in effect. lf, for any � ' •
<br /> ����'s • mason, the mortgage insurance roverngr requircd by Lender lap,e. or cca.e. to tx in effect, Borrower rhal{ pay the . � ��'',
<br /> �:���;� premiums required to obtain coversge tiubst:uuially eyuivatent t�� the mnrtgage insurance previou�ly in effect, at a eotit � • � '�
<br /> ;��!; substantiaUy eyuivnlent to the cost to Borrower of the mongage imuranrc previoutily in effect,from an attcrnate mortgagc j �'
<br /> '�:.;.r;' , insurer approved by Lender. If substantially eyuivalent mon�±uge insurance coverage i.not availahle, Borrower�hall pay to I ..�.
<br /> �;�i,;.;. Lender each month a sum eyual to one-twelfth uf thr yearly mortgagr imurarne premium lking paiJ by Borrower when thc .
<br /> insurance covetage lapsed or ceaxcd ro be in effect. Lend�r will accept,utie and retain these payments a.a loss rc+erve in lieu ' • °.`
<br /> of mort a e insurance. Loss mserve a menh ma no lon�er t�c re uired,ut the o tion of Lender, if mort a>e insurunce s;
<br /> g g A'Y Y b N P €'b
<br /> . coverage(in the amount and for the pericxi that Lender rrquirrsl provideJ hy un in.urer approvcd by Lender again hecomes
<br /> �1�„.,, available and is obtained.Borrower shall pay the premiums reyuired to maintain mongagc in.urance in effcct,or ta provide a '
<br /> loss reserve,until the reyuirement far mongagr inxurance ends in acrordance wiih uny�vritten agrcrmcnt between Bc�rrower
<br /> and t,ender or applicable law.
<br /> 9. lnspection. Lender or its agent may makc rcaxonablc�ntri��upi�n and imperti<m�of thc Propc:rty. Lender shall
<br /> give Borcower uotice At the time of or prior to un inspection.prcifying rcaxun�hte rau,e ti�r the in,pection. •
<br /> 10. Condemnatio�n. The proceeds of any aw•arJ��r claim f��r damage.,dircrt��r rumeyuential,in cunncction with any
<br /> Smglc Fumdy--Fannie�tae/Fredd[e filac t'VFUR�I IVtiTRI)fE\T� Und��nu C'o�enant. 9r9D rp,ryr.i„!np„Y,•.�
<br /> �arn W�wHuanes+Fams.Iik ■
<br /> in 11Mrr l;elt 18005:fP9373 O PA7I b1�4791•1131
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