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<br /> p;;riasl�th�t Lend.,r�uire9. 'd'h,,insur:.�lce carrier prnviding ike in�urunca..h„!i be chc���sn by�
<br /> z apqrovul which shnQ not bc unrea•ac�nably wlthheld. If Borrowes fatl�ro maintaln covernge desctibsd ebi�va.Ixnder miy,+�t
<br /> Lender'a option,o6tQin cavertge to protect�et►der's rights In tho �ty in accdrdenca with p�rs�7.
<br /> All insUta�ce policies u►d rcnew�ls rhsll bn acceptable to I.��er and slult Includa a aw�d�►d nfaatga�e clawe.,L.ax�er
<br /> , sha(I have the rigt►t to hoW the,policies and�enewals. if l.�nder requins.Borrower ahall promptlY 8ive ta-Lender all.re�ceipt�
<br /> of patd pcemiuma and rcnewal ncNicas. Yn the event of losa.Borrower ah�ll,give pmmpt nodce W tho fnaururce c�rrkt wdd
<br /> Lender. l.ender may make ixoof of los9 if no2 rnade prompdy by Bomnwer. �
<br /> tlnlea.9 LenQer and Homower otherwis�agro�in wdting,ins��rance proceeda stull be upplied to restoration or ecp�ir of
<br /> tbe�rty damaged, iP the re�taration or npait ie Gcanc,micaUy feasible aad Lmder� secudty is not leaaenod. It the
<br /> resrora on or repair 3s not economicafly fessible ot I.enderh setucity wauld bo lessenod,ti� insurance proceeds ehall be
<br /> applled to the sums secuned by this 5ecudty Instntment,whether or not tben due,wtth ahy excess paid to Bonowa. IP
<br /> Borrower abandona tha Property,or does aot answer within 3Q days a notice from Lender that the insurance c�cr h�s
<br /> offered to settle u claim.then Lender may collect tho insiu�ance procad.. i.ender may use the praceeda w repair or c+estore
<br /> the Pnpeny or to pay Fums cec��red by thta Sexurity xrtsdumen�whether or not then due. Tt�e 30�day pedod wiU begin when
<br /> tho notice is given.
<br /> Unless Lender and Hormwer otherwlse agnee in writIng,any applIcadon of ptoceeds to principal shall not,extemt ar
<br /> postpone the due date of the monthly Fayments refernd to ia pa�agraphs 1 and 2 archange the amount of the paymente. If
<br /> under parngraph 21 the Pcoperqr is ucquired by Leader,Horrower�s right to any insuranee pofleies und procxeds resutdng
<br /> fmm.iamage to the Property prlor to the acquisitipn shal!pass to Ler�der to the extent of the sums secu�d by thts Securlty
<br /> Insirument immediutely prlor to the acquisidon.
<br /> 6. Occu�aniey, Preservation, IVlatnteaa�ce and Protection ot the Propertyi �'rower's Loan Applic.s�fk�;
<br /> Y.a�srhoids. Burn►wer s1�aA occupy.estabiish.end uss tlw Prop�rty as Bomower�s pen�i�a!rrsidaece within slxty days after
<br /> ttte eaecutton of this Se�urity Instzument and shall continue w occupy the Prnperty as Borrov�rer+s principal restdenee for at
<br /> teASt one yenr after the date of occupancy. untess Lender otherwise agrees in wiidng, whIch conscnt shall not be
<br /> unreasonu6ly wlthheld,or unless extenuadng cincumstances exlst whtch aie beyond Borrower's cont�rol. Borrower shall not
<br /> dCStroy,dnmage or impair the Property.allow the Praperty to deterlarate.or commit waste on the Property. Homowes shall
<br /> be�n defu�lt if any forfeituie actlon or proceeding,whether civil or criminal,ls begure tl�at!n Lenderk good futth judgment
<br /> could result in forfeiture of the Property or otherwise materially impair the lien created by this Secutity Instrument or
<br /> Lenderb securiry interes� Horrower may cuui+se such a defnult nnd reinstate.as pmvtdal in paragraph 18,by causing the acdon
<br /> or pzoceedIng tu be dismissed wIth a culing thati in Lender's gond faith dstermination,precludes fadeItur�e of the Horrowork
<br /> jnterest in the Property or oiher material impaimient of the lien create�l by this Secunty Inswment or Lender�s security
<br /> interes� Borrower shWl also be in defuult if Borrower. during the loen application process, gave maurlally false or
<br /> inaccutate informatlon or statements to Lender(or fAiled to pro'vide Ixnder with any matedal information)In connectton with
<br /> ¢he loan evidenced by the Note, including, but nat limited to.cepresentatfons concerning Bomower�s uccupancy of the
<br /> Property as a princlpal residence. If this SecurIty Instrument is on a leasehoid�omower shail compiy wiih aIi the pmvisious
<br /> of the lease. If Borrower acquires fee tide to the Pruperty,the leaschold and the fee dtle shall not merge unless I.ender agees
<br /> to the merger In writing.
<br /> 7. Protectfon of I.ender's Rtghts in the Property. If Borrower fatls to perfoan the covenants and agreementa
<br /> contairted in this Security Instrumen� or there is u legal proceeciing that may significandy affect I.ender's ri$hts in the
<br /> Property(such us a proceeding in bankmptcy.probate.for condemnadon or forfeIture or to enforce laws or�+egulallons),then
<br /> Lender may do and pay for whatever is neces.gary to pmtect the vxlue of the PropeRy and Lender's d�hts in the PmpeRy.
<br /> Lenderl,actions may include payln�eny sums secured by a lien which has priority over this Security Instrument,appearing
<br /> � � in court.paying reasonable attomeys'fces and entedng on the Property to make repairs.Although Lender may take acdon
<br /> under this paragraph 7.Lender dces not have to do so.
<br /> Any amounts disbursed by Lender under this paragmph 7 shall become addirional debt of Borrower secured by this
<br /> Securiry Insaumen� Unless�3orrower and Lender agree to other tenns of payment.these amounts shaU bear interest from the
<br /> date of disbursement ut the Note rcue and shall be payable.with tnterest.upon notice from Lender to Bamower requesting
<br /> paymen�
<br /> 8. Mortgage lnsurance. If Lender c+equired mortgage insurance us e condition of making the loan secured by this
<br /> Security Inswment,Borrower shAl!pAy the premiums required to maintnin the mortguge inswance in effect. If,for any
<br /> reason� the mortgage insurunce wverage required by L.ender iupses or ce,tises to be In effect. Bomo�ver shail pay the
<br /> . �• premiums required to obtain coverage substantiaUy equivalent to the mortgage i�utance previously in effe+c�at a cost
<br /> ;,,,��,�;.+�t?c,��;•� . substantially equtvulent to the cost to Borrower of the mortgage insurance previously in effect,from an altemate mongage
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<br /> . 4� �' insurer approved by Lender. If substantialty equivulent mortgage insurance covernge is not available.Botrower shall pay to
<br /> �'�-_��''�'�� • L.ender each month a sum equal to one-twelRh of the yearly mortguge insurance premium being paid by Borrower wtien the
<br /> �:�'`�r.';^�::: insurance coverage lapsed or ceased to be in effe�. Lender wili uccept,usa wxl retain these payments es a loss reserve in tieu
<br /> �F�r.~�:�•.:^• of mortgage insurance. Loss reserve payments may no longer be require@,at the option of Lender.if mortgage insutance �
<br /> ` •'�� „ coverage tin the umount and for the period that I.cnder requires)provided by an insurer approved by Lender again becomes "�'�
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<br /> ��y�i�`�!^ • -•! available nnd is obtnined.Borrower shall pay the premiums reyuired to maintnin mongage insurnnce ia effect,or to provide a • �,r
<br /> '�:s'�''r� • � lou reserve,untIl the mquirement for mortgage insursnce ends in accordance with any written agreement between Borrower
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<br /> .�... � and Lender or applicable lnw.
<br /> y'.'�;--�. :`"• •' 9. Inspectton. Lender or iu agent may make re�connble entries upon und inspections of the Rvperty. Lender shall
<br /> �.=.::�:"... .�_ give Borrower nouce ut the time of or prior ta an inspection specifying reasonable cause ior the inspcction.
<br /> `;f'{�; .�. 10. Condemnation. The procee�s of any award ur rlaim for damages,direct or consequential.in connection wich any
<br /> - �);•i. � � Singte Fam3ly—Fannte M¢e/FYeddie Mnc UNIFORM INSTRUAtENf--Uniform Covcnants 9l90 I�+aRe d aj6 puRes)
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