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<br /> ' p�rtods tl�nt Lcndcr requiees. Thc insura►trc cn�ier Frovi�iiaB tl�c insura►ic«sitlti be ch�ssn by Bcvrower�ub,}ect ta Lr.nderb
<br /> approvnl whtch shall rtot bc unrrnsonably withheid. Yf Dorrowcr fails ta maintatn covar�gc describeA abnva,lw�rtder mty.wt
<br /> Lendotl�aptiot�,obtain cuversge to pzntcct Lcnderb r�ghts in Qte Pcoperty in accordanc�e with pat�agrnph 7.
<br /> All fnsunutca pofieles And nnew�lx ahull bo accepcable to i,endet and.xball include A�tattder�mc►rig�go�Iausr. l,et�der
<br /> shall have tho tigiu to hold th�pol{cies an�nnewals. If Lender ceyuires,Romnwer shul!p%m�ptly�gi�n�c�r a�id
<br /> of p�id pnmiums�nd rencwal notice�. Ln the cvent aF losa,8orrower eh�ll give prompt
<br /> L.ender. Lcnder may muke praof of tnss if n�t made pmmpdy by Horrower.
<br /> Unless I.ender and Barrower otherwisc ogra in wrlting,�nsurance pra:eeda slwtt 6o applicd a rastasatIon nr r�pair of
<br /> the Pcopemy damaged. if the neatoradon or repatr is economica!!y feasibk cnd I.enderis sxutity is nat l��d. If the
<br /> neatoration or repair is not economiealiy feasibta ae Lender�s security would be Iessested, the insurance procaeds efia11 bo
<br /> applicd to the sums secured by this Security Instcumen�whether or not then due,with ony eacess pald to Borrowee. If
<br /> Borrower abandons the Pmperty.or daes not unawer within 30 daya u nodce frcsm Lendet that the inswyace c�nia has
<br /> offered to settle u claim.then Lender moy coliect the inswance praceeds. I.ender may use the p�.ds to npair or nsstore
<br /> the Property or to pay sums secured by thls SecurIty Instrument,whether or not thct�due. Tho 30-day perlod wiU b�g�in when
<br /> the notice is glven.
<br /> Unless I.nnder end Harrowes othenvise ugcee ia wrIting,anY apPUcadon of procreds to principal shall not eRtead or
<br /> postpone the due date of the monddy paymenta�+eferted to in parngraphs 1 and 2 or change the amount of the payments. If
<br /> under par.�gmph 21 the Property is ucqeired by Lender. Borrower�dght to any Insw�nce polictes and pnxeeds ccsuldng
<br /> from damage tu the PropeRy prior to the acqu[s�don shaU pass to Lender to tha extent of the sums seca+ed by thia Sxurity
<br /> Insuument immedtately prior to ihe suquisitlon.
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<br /> 6. pccupancy, Preservadon, M�lntenance and Protection of the Property; Borro�ver's I.a�ri Apptication;
<br /> Leasehoids. Bomnwcr shaq occupy.estsblLSh.und use the Propetty av Bormwerfs principal restdence wlthin sixty days after
<br /> the eaecutlon of this Security Insuument and shaU continue to oecupy the Property as Boaower's principal residence for at
<br /> least one year after the datc of occupancy. unless Lender otherwise as�s in writing, which consent shaU nat be
<br /> -�•K. unrensanably wlthheid.or unless exteauating cit+cumstances exisi which are beyand Borrower'�contml. Borrower shall not
<br /> destroy.damage or impalr the Property,sillow tha Property to detedorate.or commit weste on the Property. Bomower shall
<br /> � �Vi n, be ln default if any forfeiture uctIun or proceeding, whether civli ar crlminal.ts begun that L�Lender's good fc�ith judgment
<br /> could result in forfeiture of the Property or otherwise materially Impair the IIen creuted by this Security Instrument or
<br /> L.ender�s security interes� Borrower may cure such a default and reiastate,as provided in paragraph 18.by cuusing the action
<br /> or proceEding to be dlsmissed w[th a culing that,�n 1-ender's good Fnith detessnination,precludes forfeitur�e of the Horrower+s
<br /> ' ' 4'' Interest !n the Property or other matedal impaiiment of the Iten created by this Security Instcument or Lender's secwiry
<br /> .s���t� .
<br /> .,,,�•: :�� �. interes� Borrower shall also be in default if Borrower.during tlie loan npplication pmcess. gave materiaUy false or
<br /> �� • � . '��•�• inaccurate information or statements to Lender(or falled to provide Lender with any material information)in connectlon�vith
<br /> ,�,�•:
<br /> � � '��°�= �=' the loan evidenced by the Note. uicluding, but not limited to. npn�sentations conceming Borrower's occupancy of the
<br /> ��..«s;•: �„t Property as a principal residence. Ii'this Seu:uriiy Insitutuciit is ort s teas�hotd,tiossowet sls�!!cosst�l�tYlitt s!1 th��ruY�siorA
<br /> � '•� °:� L�!�` of the lease. !f Botrower acquires fee t�de to the Property.the leaschold and the fee tide shall not merge wnless Leader agteEs
<br /> ,,,' ;;=:�`� •,?: ,,• to the merger in writing.
<br /> !;`�M` ��� ''•��'•° 7. Protectton ot I.ender's Rigdts in the Property. If Borrower fttils to perForm the covenents and a�ments
<br /> �'"��� �' � � ��' contaitted in this Securlry Insuumen�or there is a legal proceed[ng thnt enay significandy affect J.ender�s dgl►ts in the
<br /> '•)"'• ,, :�.�'" " Property(sueh as a proceeding in banlcruptcy.pmbate,for condemnation or forfetture or to enforec laws or regularions).then
<br /> =`�.�;��� t>. .�� "-�` L.ender may do and pay for whatever is necessary to protect the value of the Property and Lender�s rights in th�Property.
<br /> �,,,.��._._..;;�:�.-_:;,s.�;;, Lenderx act[ons mny include paying any sums secured by a lien which has priority ovet this Security Instrument,appearing
<br /> ,:,;:, �, , in coart,paying reasonablc attomeys'fees sind enterin�on the Property to mnke aepairs.Although I.ender may take actIon
<br /> •��r.�;:••:,,�:,-..� under this paragraph 7,Lender does not have to do so.
<br /> +s�,•-�.r�.• . Any amounts dlsbursed by Lender under this paragraph 7 shul!become addidonul debt of Borrower secured by th[s
<br /> •,:t!�"•:'�:'••• ' SecurIty Insuumen� Unless Borrower nnd Lender s►gree to other terms of payment,these acr�ounts shall bear interest ftom the
<br /> ;,�,..;;�p�,;;,:.,,;::; date of disbursement at the I�Iote rute and shall be payable,witla interest,upon nodce from Lender to Borrower requestins
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<br /> r-�•_•�.,<.•~•�- p g, 1Vlortgage Iasurance. If Lender�equired mortgage insurtince os a condiaon of making the loan secured by this
<br /> •°•��^•-'��^:��;�: : Security Insuument,8arrower shall pay the premiums required to maintain the mortgage insurance in effect. If.for any `�-
<br /> reason. the mortgage insurance covem�e required by I.ender lapses or ceases to be in effect, Bomower shall pay the •T� ,
<br /> �;:: �:., � � prer►�ums mquired to obtain coverage substanti¢lly equlvalent to the mortguge insurnnce previously in effect, at a cost ���.
<br /> substsntially equivalent to the cost to Borrower of the mortgage insurac►ce pzeviously in eKect.from an alternate mortgage '�:#
<br /> • • insiu+er approved by Lender. If substantially equlvsilent mongage inswance coverage is not available.Borrower shall pay to
<br /> Lender e3ch month a sum equal to one-twelfth of the yearly murtgage insurance premium being paid by Borrower when the
<br /> � insurance coverage lapsed or censed to be in effect. Lender wlll accep�use and retain these paymenGS us n loss reserve in lieu
<br /> .� � of mortgage insurance. Loss reserve payments may no Innger be required, at the option of Lender,if mort�age insurance .
<br /> �,�•.; � coverage(In the amount and for the penod thut Lender requires)provided by an inwrer approved by Lender asain becomes
<br /> �"' available and is obtained.Borrower shali pay the pr+emiums required to maintain mortgage insurance in effect,or to provide a
<br /> '�"°'''" „ loss reserve.until the mquirement for mortgage insurance ends in nccardnnce with any written agreement between Borrower .
<br /> and I.ender or applicable law.
<br /> � � " 9. inspection. Lender or its ugent muy make rcasonuble entries upon and inspections of the Property. Lcnder shall
<br /> � • � � give Borrower notice at the time of or pnor to an in�pection specifying reasonable cause for the inspection.
<br /> � . ` 110. Condemnation. The proceeds of uny uw:ud or claim for damages.direct or consequentinl.in conncxtion with any
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<br /> Single Fmnity••Fhnnle MndFrtddie 11fnc UNIFORM IN37'ItUMENT-•Unifortn Covcnants 9/90 IpaRe 3 oj6 pagrsl
<br /> (drwt Lotm Bu�tn�Fam+.toe.■
<br /> �. � 7bpA!►GL•180DG9a9396 O PAII 61&79�dt31
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