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<br /> . pertnd9 that Lender rtyuire.9. 71�a insurancc csn�Eer pruy�lIng the i�si�rRncc chAll bo eho�n by�lnm�tvcr sub,k�t ta I.rndcr's
<br /> . �ppravul which Rhall rsol be uareasanubly withhclQ. If 8orruwer fpeta to mQiutein covcragc dcsc•ribed Above,l.ender m�►y�wt
<br /> l.eiMeek c►ptioo.obt�in coverage to pracct Lendert�dght�in�lje Propelty in accord�n�ro with paa4nrh 7. •
<br /> All in�urance�Ilciey and rcnewtla shyll bo acceptabin ta l.endtr andl shall include�St�nduM mortgage elaure. l.e�der
<br /> , sh�111uve the r3ght tn hold the policia anA rcrawals. If l,endes teyuices.Bortower�hdCprontptly give to L.e�et�11 roceipti
<br /> of pxid prcmlums snd renewal noticcs. In the event af loay,8armvrer eh�l!give prompt notice te tht inauru►cw cArriM and
<br /> Lcnd:r. Lendes rttly m!�.ke{msmf��f IM� if m+t m�{te�►n►mplly by Ac►trmvcr. •
<br /> Unle.tis Lender and Borrawer otherwisa�gs+ee in wrldn�.insurance eads ahall be applied to nstonuio�n or rcp�ir d
<br /> tiw Property d�mages.iP tf►c reste�tton or c+epdr is cconomfc�lEy feae h!c m�d Lenderk tiecudty is not leasencd. If.the
<br /> astoratian or t+epair ls nat economicalty feasible or Lendcrk sauelty wautd be lessened.the insurai►�e proceeds shell be
<br /> applIed�to da s►uns recuned by this Se�urity lnsttument, whcther or aot tnen d�e. wtth �ny exces�p�id to Barower. If
<br /> 9armwer abandons tho PropeAy,ar does not enswer within 30 daya a notice from Lender thwt the Insurence carr[er h�s
<br /> offe�+ed to seple o clatm,then l.ender may collect tho insur�nce procec�s. Lendcr mny use the proceeds to npair or resroro
<br /> the Ptopeny or tn pay sums secund by this��curity[nsuumen�whether or not tlten due. The 30-day perlod will begin when
<br /> the notico is gtven.
<br /> Unless Lender and Barrower othenwiso ngree in wdting.ony appltcutian of proca�ca prIncipal s1wU not extcr�d or
<br /> postpone tha due date of the monthly paymente rof�med ro in pnragsaphs 1 und 2 or change thc umount of the p�yments: It
<br /> under paregmph 21 thc Pnuperty is acqufral by L.ender,Borrower�s right to any tnsurance policids ond procceds resulting
<br /> f�vm damage to the Property pdor to tt►�acquisidon shnll p•rss to Lender to the extent of the swns secured by this Sacuriry
<br /> Iasuument immtdiatcly pdor to the acquisition.
<br /> 6. Oece��c�i Pees��eLL!n� M�ntes�n� �sd Protectton at the PropeMyi Borirower'e l.au APptkatbn;
<br /> LeASeholds. Bocre►wer shall occupy,estublish.�cd use the Froperty a9 Bortower�principui�sldcrtce within sinty days aflcr
<br /> thc exccudon of thls Security Enstniment and shull oondnue ta occupy the Prnperty as Bonnwcrk princlpal residena for at
<br /> Ieast one year eRer the dflte of occupancy. unless Lender otherwise ugm.es ii� wrlttng. which consent shall not b�
<br /> ` ` unreasonubly withheld.or nnless extenuating circumstnnces exist whfch ure 6eyond Borrower�s cuntrol. 8or�nwer shall ttat
<br /> desu+ny.damage or Im�v�ir the Property. allow the Praperty to deteriorate.or commlt waste on thc Prop:rty. Boaower slul!
<br /> ,;.��,',, ;a�.; , be in defnult if nny forfeiture acdon or proceedin�.whether clvil or cdminal.ta begun that in Lenderh good f:sith judgment
<br /> y,r,��,� could result in fort'eiture of the Property or otherwise mnteriully impair the IIen cmated by tl�is Security Insuument or
<br /> Lender�seceuity interest. Borrower mny cure such a default and relnstnte,as pmvided in paragrsph 18.by causiug the action
<br /> � or procee�ins to be dismisse�with u culing that,in Lender�s good fuith deunninntion.piecludes forfeittu�e of the Bor[ower�s
<br /> "�''' " '� `�}�� �� interest in the Pmperty or other materlal impairment of the lien crruted by this Secudty Instrument or[.ender�security
<br /> � '•���'`' � ' inteces� Bomower shaU nlso be in defuult if Borrower. during the loan applicutIon process, gave mutedaUy fnlse or
<br /> `.�'�.�'�,�`�f;:�;x,4 inaccurate information or stntements to Lender(or fuiled to provfde l.eader with nny materi�l jnf'oimatIon)in connectton with
<br /> r�`°'=� ���` `` � the loan evidenred bv the Note. includIn�. but not limitcd to,nepresentauons conceminS Borrower�s Qccupa�ucy of the
<br /> , -r�:,�• �� Property as e ptincipal residence. If this Secwiry Inspument is on u leasehold.Borrower shalt comply with aU the pmvtsions
<br /> �`�``�'�'"�`' " '� of the lease. If Borrower ucquires fee dtle to the Property,the lesuehold and the fee title shaU nat merge unless Lender ngre�
<br /> '�:�,-;•��•�.'�':• � to the merger in writing.
<br /> ,'`••."•� ' `' �`3t��t• 7. Protection oi I.eader's Righta in the Property. If BQrrower fafls to perform the covenants and ag�eements
<br /> ' ':��'•�'' contaUted in thts Secudty Insm�ment, or there is u legal proceeding that may sjgntficundy affect Lender§ r�ghts in the
<br /> • ;;,;:. Prope�ty(such os u proceeding in baniwptcy.probute.for condemnadon or forfeiture or to enforce Jaws or ee�ula6ons).then
<br /> � "`'�'� ' , :;:: Lender may do and pay for whatever is necessnry to protect the vnlue of the Property and Lenderis righta in the Property.
<br /> ��� �•� °�'^������•�'' L.ender�s nccHons may include payin�eny sums secured by a lien which hes priority over this Security Insuument,appearing
<br /> • ��•�•�= in court,paying reasonable attomeys'fees and entering on the Property ro make repatrs. Atthough Lender may utke acdon
<br /> •r•'�°•> • �• • ��� under thls parastaph 7.Lender dces not have to do so.
<br /> _ � '"'""° My amounts disbursed by Lender under this paragraph 7 shs�li become addirional debt of Borrower secured by this
<br /> Security Insuumen� Unless Borrowec and[.ender ngree to other terms of payment,these amounts shall bear interest from thx
<br /> � . ' ' date of dishwsement at the Note rate und shuU 6e gayuble,with Interest,upon notice from L.ender to Bnrmwer requnsting
<br /> . - � , " payment.
<br /> ` � ` ' 8. Mortgage Insurance. If Lender required mon�age insurunce as a condiaon of mnking the loan se�ur�ed by this
<br /> ; ""' ''�""'"� $ecurity Instniment,Horrower shull pay the premiums required to maintnin the mortgage insurnnce in effect. If.for any
<br /> .``�� reason, the mortgage insarance coverage required by Ixnder lapses or ceases to be in effect, Borrower shall pay the
<br /> ' premiums tequired to obtein coverAge substantiully equiv�lent to the mortguge insurance previausly in effect, at a cost
<br /> � substnntiully eyutvnlent to the cost to Bonower of the mortgage insumnce previousty in effec�from an altomate mon�age
<br /> . •• Insurer approved by Lender. If substantialty equivaient mortgage insw�ance coverage is not avallable.Borrower shali pay io
<br /> L.ender each month n sum equal to one-twelfth of the ycarly mongngc insurnnce premium being paid by Horrower when the
<br /> • [nsurance covernge lupsed or ceused to be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu
<br /> .��• of mort�age insurance. Loss reserve payments muy no longer be requimd, at the option of Lender.If martgage insurance ��
<br /> ' covernge(in the amount und for the period that Lender requires)provided by an insurer approved by Lender ugain becomes �--;
<br /> �:'�'y�" „ available and fs obtained.Borrower shnll pay the premiums required to maintain mortguge insurance in effect,or to provide a
<br /> �•, � loss reserve,unti[the requtrement for mortgage insurance ends in ucwrdnnce with uny written agrecment between Borrower
<br /> •`; ~ . ° s{nd Lender or appGcable law. f���
<br /> ' 9. Inspectton. Ixnder or its ugent may make reasonuble entrics upon and inspections of thc Property. Lender shall
<br /> give Borrower nodce at the time of or prior to an inspection specifying reasonable cnuse fot the inspecdon.
<br /> 10. Condemnation. The procceds of any award or claim for damages,direct or consequential,in connectinn with any �
<br /> � ' Single Famiiy••E�Lnnte Mae/F1'eddle Mnc UNifORM INS1'RUMENI'••Uniform Covcnants 9/90 qwgtj njb poges)
<br /> ckem tutea Bueinem Fam��ne.■
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