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<br /> pedods thnt Lender requires. The insurance enrrIer pmviding thc insumnco ahall be chosen by Horrower subject to Lenderb
<br /> approvul which shap rtat be unreusanubly�vithheld. If�orrawcr fails to muint:iin cuvcmge describcd nbove,l.ender muy, at
<br /> I.ender�optfon,obtaln covemge to pmtcct Lcnder R rtghts!n the Propeny in nccordance with paea�eaph 7.
<br /> ' All insurance policiea and rertewals ehaU be accepinbtG to L.ender nnd ahull lnclude o atandurd mortgngc cluuse. Lender
<br /> shall hava the tight to hold the polIciea nnd renewuls. iP i.ender requires,Bonower nhall pmmptly givc to l.ender ull reccipts
<br /> of paid premiums�nnd renewnl aotices. In the event af loss.Bor�ower hhall give pmmpt notice to the Inaurunce carrier and
<br /> Lender. [.ender may muke proof of loss If not made prompUy by Borrower.
<br /> Unless l.ender and Horrower otherwise ugree in writing,insurance procceds shall be upplied to restoration or repufr of
<br /> the Propr.rty dumnged.If the t+estorution or t+epair la economtcuUy feusible and Lender� security is not icssened. lf the
<br /> restnratIon or�+epair is not ecortomically feasible or L.ender�securtty would be lessened.the insurnnce proceeds shall be
<br /> npplled w tha sums secured by this Security lnsuument.whether or not then duc,with any excexs patd ta 8arrower. lf
<br /> Sorrower abandons tho Property,or dces not unswer within 30 days a notice fmm l.ender thnt the lnaursu�ce currier has
<br /> offered to settle a clutm.then Lender may collect the utsumnce proceeds. Lender may use tho pmceeds to repair or restore
<br /> the Proper4y or to pay sums secured by this Security lnstrument,whether or not then due. The 30�day pedod will begin when
<br /> the Rotice is given.
<br /> Unlesa l.eader and Bonuwer othenvise agree ln writing,any application of proceeds to princIpal shall not extertd or
<br /> postpone the due datc of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. lf
<br /> under paragrnph 21 the Pcoperty is ucquired by Lender. Bocrower`s right to any insurance policies and proceeds regulting :i. ..
<br /> fcom damage to the Property pr�or to the acquisition shall pass to Lender to the extent of the sums secured by thia Security 'u�
<br /> `°• Insttumant LnmedIately pdor to the ucqutsidon. ����
<br /> G. Oocupancy, Preservatton, Maintenance and Protect[on of the Property; Borrower's Loan Applicadon; t•
<br /> L.easeholds. �onower shall occupy,estabUsh,and use the Property as Borrowerk principal residence withIn sixty days after
<br /> ,•,...� tha cxccution af this Securiry[nsaument and shsll continue to occe�py the Propesty as Borrower's princlpnl residence for at
<br /> least ane year after the date of occupancy. unless Lender otherwise agrees in writing, whicb consent shall not be
<br /> unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower�s control. Bormwer shaU not
<br /> •�.,+�-:�,'°'; destroy,damage or impaIr the Property,nlluw the Propecty to deteriorate.or commit waste on the Property. Bortower shall
<br /> '�trri;�"•�� be In defa�ilt if any forfeiture uction or proceeding,whether civii or criminal,is begun that in Lender's good faith judgment
<br /> u1?�� 7 � ecv�ld result in forfeft�re of the Property or othernise materially impair the lien creuted by this Secuxity Insuument or
<br /> ''� ���•�"?`� � Lender��ecurity iateres� Borrower may cure such a defaule and reinstate.as provlded in parngruph 18,by causin�the action
<br /> . +-.,�i��`7�. or procee�to i�e dismtssed with a niling that,in Lender§good faith determination.precludes forfeiture of the Borrower's
<br /> � ,F � intemst in the Property or other material impairment of the lien creoted by this Security Inspument or Lender's security '4, -
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<br /> �r,.��;��OS:,•,.,�Y inter°•s1. Borrower shaU also be in default if Homower. durang the laan applicntIon process. gave mnter,tally false or
<br /> �E;.`���"•�"�� . inaccurate information or statements to l.ertder(or failed to pmvide Lender with any muteriul information)In connection with
<br /> •'��j�'Y' •'•�` the loan evidenced b the Note, G�cludin but not Iimited to. � resentudons concemin Borrower� occu anc of the � '
<br /> ' ,"� �x ��#;}r., Y g• P S P Y
<br /> �r'�`'= ��"' Propetry as a principal residence. If this Securiry lnswment is on a leasehold.Borrower shall comply with all the provisions i.;;.
<br /> : �,. • of the lease. It Boarower ucquires fee dde to[he Propeny.tiie leasehoid and ine fee[ide shnit not mc�e unles�i..cc►Jer a�r�� ,:,
<br /> ,.'-.. ••••:�� to th�merger in writing. �,
<br /> �`''',:;�'',�;;?'�,: 7. Protection of I.ender's Rights in the Property. If Borrower fails to perform the covennnts and agreemenu �-:;'�
<br /> �h�-t=•�`,�;t� ^�� contained {n this Securi Instrumen�or thet�e is a le al roreedin that ma si ificand uffect Lender§ a hts in the
<br /> ;xs,_•,.,. �>E�`o.� �Y E P � Y P� Y �
<br /> ���-•+•:;r����;� Propesty(such as a praceeding in banlcmptcy.probate,for condemnation or forfeiture or to enforce laws ar re�ulationx),then
<br /> ��4' � ' I.ender may do and pay for whatever Is necessary to protect the value of the Property and Lender's righu in the Property.
<br /> `r'�`"'°'"�"',+'�� ' L.ender's actions ma include a in an sums secured b a lien which has dorit over this Securi Instrument,a arin
<br /> . ;".=nT'�`..•`�'.�,�.�:r:;:i� Y P Y E Y Y P Y tY PPe B
<br /> in court.payin�reasonable aaorneys'fees nnd entering on the Pcoperty to mctke repair�. Althaugh Lender may teke acdon .
<br /> �'�:�. � under this paragraph 7.Lender does not have to do so.
<br /> ' My acnosuit�disbursed by Lender under this paragraph 7 shal!become addiaonal debt of Borrower secured by this
<br /> "x����•• Secudry Insuumen� Unless Horrower and Lender a�ree to other terms of poyment,these amounts shall bear tnterest&om the
<br /> `:'4';:.f� date of disbursement at the Note mte and shall be payable.with interest. upon notice from Lender to Borrower requesting •
<br /> t��•;_
<br /> paymen�
<br /> x 8. Mortgage[asurance. If Lender required mortgage insurance as a condition of making the loan secured by this "
<br /> Securiry Instnunent,Borrower shull pay the premiums required to maintain the mortgage insurance in effect. If, for any .
<br /> �*�r , neason, the mortgage insarunce coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the
<br /> �``'ka�==° premiwns required to obtaiit coverage substantiully eyuivalent to the mortgage insurance previously in effect. at a cost
<br /> �"'= ��"�` substanually equivalent to the cost to Borrower of the mortgage insuronce previously in effec�from an alternate mortga�e
<br /> ?i:•.::�'i.".. :•�.
<br /> ,e . • •. insu�er appraved by Lender. If substanttally equivalent mortga�e insurance coverage is not available,Borrower shall pay to
<br /> '�="�=��•=�-= Lend�er each month a sum equnt to one-twelfth of the yez��ly mortgage insucance premium being paid by Borrower when the �
<br /> �} "'� .' ` insurance coverage lapsed or ceased to be in effect Lender will accept,use nnd retaic►these paymenu as u loss reserve in tieu
<br /> - of mor�gage insurance. Loss reserve payments mny no longer be required ut the option of L.ender, if mort$nge insurunce
<br /> " coverage(in the umount and for the period that Lender requires)provided by an insurer approved by Lender again becomes
<br /> available and is obtairied Bomower shall pay the premiums required to maintain mortgage insurance in effect,or to provide u
<br /> �''0�� ' Loss reserve,undl the requirement for mortgage insurance ends in uccordance with any written agreement between Barrower
<br /> '.�:,�,� • and i.�der or applicable taw.
<br /> , �.;: � 9 InspeCtlon. Lender or its agent may make reusonable entrles upon and inspecuons of the Property. Lender shall
<br /> .�., .,. „
<br /> �;�: � . give 8ormwer nodce at the time of or pdor to an inspection specifying masonable cause for the inspection.
<br /> �.;,�:�?�° :" ` 10. Coademnatlon. The proceeds of any aws�rd or claim for damages,dimct or consequential,in connection with uny
<br /> ��',��<i:'•:�: �. Sln�e FSUnlly»Mamfe Mae/F�eddie Mnc UNIFORM INSTRUMENT--Unifarm Cwenants 9190 (puge 3 nj6 paRe�r! �
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