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<br /> • �ertafs lhut I.endcr rec�uires. 71ie insurnnce careier pi�oviding ific insurmice s{i;�U tx�chasen by(larec�wce cubJect m l,cncicr�
<br /> np�raval wtdet�shull not be unreasonc+b:y wlthhetd. If 0ornnwer f�l14 to ntnlntoln eaverage descrlt►ed aix�ve,l.encier mny.a�
<br /> Lender�optian,obtoincoverage to pmtect Lender�rdghts in the Prop�roy in acenrdance wlth pnmgtiph 7.
<br /> All insurance policies and renownla shall be acc�ptuble to Lender und shall inrlude a stunda�t moetgage clauso. Lend�r
<br /> sh�ll have the right m hold the policies and renewnis. If I.ender r�equires,Barrc�wcr shall promptty give to l,cndcr ail receihts
<br /> of paid premiumg and rcr�ewai nodCes. In tha event of lags,Bortower xltall give prompt notIce ro the inaurance cart[cr md
<br /> I.enfler. Lendc�may meka pr�oat'of fa4s if not mnde prampily by Horrawer.
<br /> �laless Lendcr and Borrowcr otherwise Agm in writing,insumncep�cedR shall be upplied to rcgtoration or rcpnir oi
<br /> the Piraperty dumaged,if the re�toratton or repair is economicnlly futsible and I..enderk r,ecucfty ia aot Icssenad. If tho
<br /> restorstton or[epair ia not esonomically fensiblo or Lenderts security would be lessened,thQ insurance procce�shall be
<br /> apptied to the sums sxured by this Secueity [nsmimen� whethe�ar nat then due.with any excess paid to Borrower. if
<br /> Borrower abandons the Properry.or doe.g not un.swer within 30 duy9 a noticc from L.ender that the insurance currier has
<br /> affet+ed to settle u claim.tden Lender may cnllect the insurance proceeds. Lender may ase the pmcceda to cepair ar restore
<br /> the Property cu to p�ay sums secured by this Secariry In�tlument,whether ur rtat then due. The 30�day pedud wlll begin when
<br /> the notice is given.
<br /> Unl�s Lender and Borrower atherwise agree in wdti�g,any uppltcntion af proceeds to princlpai shall not cxtend or
<br /> postpone the due datc of the manthly payments referned to in pamsraphs 1 and 2 or change the nmount of tlie paymentx. If
<br /> under paragraph�l the Property is acquirecl by L,ender.Borroweek right to nny insurunce policies and proce�d.v resulting
<br /> from damage to the Praperty prior to the ncquisidon sh�ll pass to L,ender to the extent of the sums secured by this Secudty
<br /> Instrument immediately prior to the acquisidan.
<br /> 6. Oaupancy,Preservatlon, Malntenance and Protection of the Property; Borrower's Loan applicution;
<br /> Leaseholds. Borrower shuit occupy.establish.and uae the Pruperty iw Bureowee i prineipal resIdence within gi�ty dnys ufter
<br /> the exerudon of this Securiry Insbument nnd shall cont�nue to occupy the Froperty as Borrower�s principul residence for at
<br /> least one year after the dnw of occupartcy. unless Lender otherwixe ugrees in wrlting, which consent ahali nat be
<br /> unneasanubly withheid or unless extenusting circumstances exist whlch are beyond Borrower!s control. Borrower shall not
<br /> destroy.damage or impair the Property,ullow the Property to deteriorate.or commtt waste on the Pnoperty. Bomower shall
<br /> be in default If nny forfeiture acdon or proceeding,whether cIvil or criminal.is bagun thut in I.ender�s good faith jud�ment
<br /> conld result in forfetture of the Property or othenvise materially impair the tien creflted by this Security Instrument or
<br /> Lender�security interes� Borrower mvy cure such a defauit nnd eeinstate,as prcwtded in paragraph 18,by causing the actton
<br /> or praceeding to be dismissed with a culing that,in Lertder�good faith determinution,precludes forfeiture of the Borrower's
<br /> interest in the Praperry or other matedal impsilrment of the lien creuted by this Secudty Inswment or Lender's security
<br /> interesG Borrower shull nl�o be in default if Borrower, during the loan application pracess, gave muterially false or
<br /> inaccurate informatIon or statements to L.ender(or fuiled to provide Lencter with any material infom�adon)in conneciion with
<br /> Ihe loan evIdenced by the Note, including, but not limited to. �epresentetions concemin� Borrower�s occupancy of the
<br /> Property ag a principal�esidence. IF shis Security Instrument is on a leasehold.Borrower shalt comply wlth alA the pmvisions
<br /> of the lease. If,Hot�rower acquiies fee tide to the Property,the le�.tiehold and the fee tide shall not mer�e unless Lender agrees
<br /> to the merger in wrIting.
<br /> 7. ProleCtlon ot I.�ender's ltights in the Property. If Borrower fails to perfomn the covenants and agreements
<br /> contained in this Secw'Ity(nsuument,or there is a legal proceeding that mqy significantly Affect [.ender's rights in the
<br /> Property tsuch as a proceedin�in bankruptcy.probate,for condemnatton ar forfeiture or to enforce laws or regulations).then
<br /> I.ender may da urtd pay for whutever is necessnry to protect the volue of the Property and Lender�s rights in the Property.
<br /> L.ender�actions may include paying any sums secured by a lien which has priority over this Security lnstrument.appearie�g
<br /> in court.paying reasonable anomeys'fees and entering on the Property to make repairs.Although Lender may teke acdon
<br /> wider thls paca�;rnph 7,Lender dces not have to do so.
<br /> My umounts dlsbutsed by Lender under this paragraph 7 shull become additIonul debt of Borrower secured by this
<br /> Security instrument. Unless Borrower artd C.ender a�re,e to other tertns of payment,these amounss shall bear interest ftom U�e
<br /> date of disbursement at the Note rnte and shall be payable.with int�rest,upon notice fmm Lender to Borrower requesting
<br /> paymen�
<br /> S. Mortgt�ge[nsurattce. If L.ender required moKgage insurance os u condition of making the loan secured by this
<br /> Securiry lnstiumen�Borrower shall pay the premiums reguired to maintain the mort�age insurnnce in effecc If.for any ��
<br /> ceasan, the mortgugc insurance covera�e re:quired by l.ender [apses or ceases to be in effect. Borrower shall pay the
<br /> premiums t�equ[red to obtain covetage substundally equivalent to the mortgage insurance prevtously in effect, at a cost :��
<br /> substantinlly equivulent to the cost to Borrower of the mortgoge insurance previously in effec�from an aitemate mortgage >,..N,
<br /> insurer approved by Lendec If substantlaUy equivalent mortgage insurnnce coverage is not available,Bocrower shall puy to
<br /> Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the ����
<br /> insurance coverage lupsed or ceased to be in efFecG Lender wlll accept,use and c�etain these payments as a loss reserve in lieu
<br /> of mortgage insurnnce. Loss reserve payments mny no longer be mquimd.at the option of Lender,if mortgnge insurance ,.�
<br /> wvernge(in the�nount and for the period that Lender requires)provided by an insurer upproved by Lender again becomes :,:;;:
<br /> avttilable and is obinined.Borrower shall pay the p.emiums required to maintnin mortgage insurance in effect.or to provide a ,
<br /> loss reserve.until the requirement for mortgage insurnnce ends in uccordance with uny written agreement between Borrower ,.•,,.
<br /> end L.ertder or sippltcable law. �
<br /> 9. Inspectton. Lender or its agent may make rensonable entries upon nnd inspections of the Property. Lender shalt .
<br /> give Bomower notice at the ame of or prior to an inspection specifyIng reasonable cause for the inspecrion. .
<br /> 10. Condemnation. The ptnceeds of any awc�rd or claim for dsunages,direct or consequendal.in connection with nny
<br /> Singte Fnmily--FannSe MadFt+eddk Mac UIYIRORM INSTRUMENT--Uniforen Covenunts 9I90 (page 3 oJ6 pogesl
<br /> cieu�atm&ut�Pame.�x■
<br /> To O�dv Cetl:1�0663G8393 0 VAX 6�0-701•t t31
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