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<br /> , periods that I.ender require9. The insurunce currter providlrtg thc insarnnee shaU be choscnby Iiorro Ocr sua ect f�a i.endsc's
<br /> - -- " Appmvcyl which shall not be unreusonably wlti�hcld. li Batrowcr faila to mairrtatn cavcrt,gc dcscribcd abovo.Le�d�r mny.nt
<br /> l.enderk option,obwin covecuge to protect Lertder's dghta in tho Praperty in accorc�aricc whh paragrnph 7.
<br /> All inaurance policiew und renewal��shali be acceptable to I.ender and shall include a Ktnnducd mortgage clause. Lender
<br /> shnll huve the right ta hold the poHcies and nnewnls. If Lender cequir+es,Bonower shall promptly give to Lender atl receipta
<br /> of p�id premiums and cenewat notices. In the event of loss,Borrowcr shall givo prampt notFce¢o the insurnnco rmrrler tu�d
<br /> Lender. l.ender muy make pmof of toss if not made promptly by Bomower.
<br /> Unless l,ender and Bo:rower athenvjse ngree in wr(ting.inaur�nce praceedg shall be applfed w rcsturation ot repuir of
<br /> the Property damaged.if tha resrorudoo or repa[r is economicnUy feusiblo nnd Lender'a Recurity is noi lessened. !f the
<br /> rc�tomtlon or rapnir ia not economicully feusfblo or Lenderh secudty would be lessenad,the insurance proceedc shall 6e
<br /> uppltsd to the suma secured by this Secudty lnsuument,wttether or not then due.with any excesrl puid to Botrawer, if
<br /> Borrowtr nbandona tho Property.or dces not answer within 30 daya n noNce from L.ender thot the insuran�e carrIer has
<br /> aifered to settle n claim.then Lender mny collect the insurance proceeda. Lender muy use the proceeds to repalr or restore
<br /> the Property ar to pay tzuums secure�by thls Securiry Instrument.whether or not dten due. The 30-duy perlod w1U begin when
<br /> the noticR is g°rven.
<br /> Untess Lender iutd Borrower otherwisa a�ree in writing,any npplicc+tion of proceeds to pr�ncipul shall not extend or
<br /> postpone the due dute of the monthly pnyments refened to in parngraphs 1 and 2 or chunge the wnaunt of the payments. If
<br /> .�,-. . under parngmph 21 the P�+operty Is acquic�ed by Lender.Borrowerk right to uny insurnnce polictes und praceeds resulting
<br /> . ._,�, tirom dnmage to the Property prlor to the acquisidon shall pass to Lender to the extent of the sums secured by this Secudty
<br /> '"'Y�,:'` � Instrument immediately prior to the acquisldon.
<br /> '� � � 6. Occupancy, Preservation, Maintenance and Protectton ot the Property; Barrower's Loan AppUcation;
<br /> = .� ��; � Leaseholds. Ho�wer shsill occupy.estabUsh.and usa the Property as Borrower�principal resldence althin slxry days after
<br /> � "'�` `' ti�exe�:utlun uf tiva Secwity Wstrument and shaU continue to accupy th�Praperty as Bonowerk prinefpat restdeme for at
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<br /> .� ;�. �:.a. ieast onc� yeac after the date of occupancy. unless I.ender othetwise ag�s � wriUng. which consent sfwll nut be
<br /> '•� � `�''�'�~ unreasonably withheld.or unless extennating clrcumstances exfat which are beyond Borrower's control. Horrower shall not
<br /> � � � destroy.damage or lmpair the Property,allow the Property to deteriornte.ar commit wuste on the Property. Borrower shoU
<br /> -��.��',�r••� be in default if uny forfetture ucdon or proceeding.whether civil or criminnl.is begun thut in Lender's good faith judgment
<br /> ��`� "' could result In fodeiture 4f the Property or otherwise materially impair the lien created by this Security Instrument or
<br /> I. � ,; ��•t � Lender's securlty interesG Borrower muy cure such a default and reinstate,ua provIded in purugraph 18.by causing the action
<br /> '���" �v •• or proceedfns to be dismissed with a ruU�g that,in Lender's good faith determinudon,precludes forfeinue of the Bonower'�
<br /> ,"°=�. . � interest !n the Property or other muterinl impairment of the lien created by this Security Instrument or Lender's sacudty ��
<br /> t, . interest. 8otrower shall ulso be in default if Borrower. duting the loan applicutIon procesa, gave materiapy false or ?7•
<br /> inaccurate lnformadon or statements to Lender(or fuiled to provide Lender whh any materinl informadon)In conriection wlth
<br /> • ° � the loan evidenced by the Note, Including, but not limtted to, represenuuions concerning Borrower�s accupancy of the
<br /> � " '' Pr+operty as u principal residence. If this Secur[ty Instrument is on a leasehold.Borrower shell comply with sU the provlsions
<br /> • of the leasc. If Bornower acquires fee GUe to the Property.the ieasehold und the fee tide shail not merge uniess Lender agrees
<br /> to the merger in writtng.
<br /> � ' ' 7. Protectinn of Lender's Rights in the Property. If Borrower fuils ta perform the covenants and Ag�ements
<br /> contained tn this Security Inauument,or there is a legal proceedtn�that mny significuntty affect Lender� rights in the •t
<br /> Property(such as a proceeding in banknipicy,probate,for condemnation or fadeiture or to enforce laws or regulations),then a��
<br /> Lender may do und pny for whntever is necevsary to protect the value of the Properry und Lender�s rights in the Property. , .'
<br /> ` I.ender's stetions may include paying eny sums secuccd by a lien which hus prlority over this Security InswmenG appearing
<br /> ��� � . ° � • in court,paying reasonable attomeys'fees und entering on thc Property to muF.e repairs.Although Lender may take acdon
<br /> .:-.: ' under this paragraph 7.Lender dces not huve to do so.
<br /> �,}.. . � Any amaunts disbursed by Lender under this peragraph 7�hall become udditionul debt of Borrower secumd by this
<br /> • •• Security[nstrument. Unless Borrower w►d Lender agree to uther terms of payment,these umounts shall beur Interest from the
<br /> .�;��.;;,<;:�;.: , ' date of disbu�semont at the Note rnte und shnll be paynble.with intemst, upon notice from Lender to Borrower requesting
<br /> ...:::,;,,',;:�F;.. paymenG
<br /> ��� �Z��' 8. Mortga�e Insurance. If Lender required mortgage insurance as u condition of making the loan secured by this
<br /> � „ � Security Usttumen� Borrower ahall pay the premiums required to maintain the mortgage insurance in effect. If. for nny
<br /> ' ' reason, the mortgage insucance coverage reyuired by Lender lapses or ceuses to be in effect, Horrower shail puy the
<br /> f, "' • premiums mquired to obtain coverage substandally equivutent to the mort�a�e insurance previously in effect, ut u cost
<br /> , substandally equivalent to the cost to Borrower of the mortgage insurance previously in effect, from an alteinate mortgage
<br /> _ insumr approved by[.ender. If substantially equivalent mortgage insurance coverage is not a�atluble,Botrower shall pay to
<br /> ,.� �� Lender e�ch month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Bonower when the �
<br /> "'•.��;; insurance covernge lupsed or ceased to be in effect. l.ender will accept,use nnd reutin these payments us a loss mserve in f ieu
<br /> • of mortgage insurance. Loss reserve payments may no longer be reyuired,ut the option of Lender,if mortgage insurance
<br /> � .�� cover�e(in the amount and for the period that Lender nquires)provided by an insurer approved by Lender a�ain becomes
<br /> �:' �,a`•,� available and is obtained.Borrower shall pay the premiums required to muintain mortgage insurance in cffect,or to provide a
<br /> �'�t�'`•`';;,: " lo�reserve,until the requirement for mortgage insurance�nds in uccardance with any written agreement between Botrower
<br /> ' ••� and Lender or applicable law.
<br /> ' 9. Inspectton. Lender or its ugent ms�y make reasonnble entries upon and inspections of the Properry. Lendet shull
<br /> . ' give Borrower notice at the time of or prior to an inspection specifying reusonuble cuuse for the inspection.
<br /> 10. Condemnatlon. The proceeds of any awnrd or claim for dama�es,direct or consequential.in connection with any
<br /> � Singic Family–Elnnnie MnelFYeddte Mnc UNIFORM INS7'RUMENT•-Uoiform Covenants 9/90 (page d njn puKrsJ
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<br /> + ,�, to Ordv Cdl:1��UOb389393 O FAX 81&791dt1�
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