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<br /> •,..•,- � pc�Ials Ihat[.end�r rcqulres. '(hc tnsurnncc carrier providireg thc insur.vtca shnll be choser�by Borro�vcr si�bJcct to�,encttr�
<br /> upproved whtch�hafl not�;:unrcasonably witAhcld. If Rorrower f�ils to malncuin covemge descdhed a6nvo,Lendex may.at
<br /> Lendcrla c1Nion,obtain cave�oge tU protect l.cnder�c�ighta in the 4'ropeny ln accordnnce with paragraph 7.
<br /> ' AII insurance polie9e�and renewals ehal!6e ncceptables to[.ender and shnll include n atandarcl mortgage clause. Lender
<br /> shalt huve�he rlght to hold the palicies and renewruls. if Lender requires,garcower shall pmmptly glvc to I.endcr utl receiptv
<br /> of p�id premium�cuxt rcnewa!notiees. In tho ovent di tass.Barrower shaU give prampt nodce to tAe insurance cArrkr aMi
<br /> � Lendrr. l.endcr mny mako proof of lasy if not mado pcampcly by 8oc[ower.
<br /> Ilnless L.cnJcr apd IIarrowcr utl�crwDw ugr:.i:in writ�ag,insur:�tice�raceeda.shuil ba npplled to restaratlsn or n,pait af
<br /> the �rty damaged, if tha restor�d9n ot repair ia ecanomlcaliy feasible aad Lea&r�s securiey is not tesscned. If tho
<br /> r+estore on or sep�ic is not economicniiy fensible or Lenderk securIty would be lessened.the insurance proceeds shull be
<br /> applIed to the sums secured by thie Security Insmiment,whetl�er o,r not then due.with any excess patd to Barrower. If
<br /> 8orrower abandons the Property.or daes nat anawer within 30 duys u notice frora Lender that the insurance currIcr has
<br /> affered ta sottle a cluim,then Lender may collect the insurance proceeds. L,ender may use the proceeds to repalr or restore
<br /> the Property or to pay sums secund 6y this Securlry Inatrument, whether or not then due. The 30-duy pedcxl will begin when
<br /> the notice ia given.
<br /> Unless Lender and Borrower otherwise agree in writing. �uuy appl3cation of proceeds to princIpal shall not extend or
<br /> postpone the due d3te of the monthly payments referred to in paragrephs 1 und 2 or change the umount of the payments. If
<br /> under pnragraph 21 the Property is ucquired by Lender.Borrower�rigttt to uny insurance poGcies and proceeds resulting
<br /> from dumage to the Property prtor to the ucquisitton ahall ppss to L.ender to the eatent of the sums secured by this Securlry
<br /> Instrument immediately prior W the acquisltion.
<br /> 6. Occuppncy, PreservaUon, Ma[ntenance and Protectton of t6e Praprrty; Borrower's Loan Appliattion;
<br /> I.easeholds. Borcower shall occupy.establIsh.and use the Pmperty as Horrower�s pr�ncipal restdence wfthin sixty ds�ys ufter
<br /> the execuIIioa of this Secudty Insuument und shall continue w oocupy the Property us aorrnwer�s pTincipal residence for at
<br /> leust one year aRer the date of occupancy. unless Lender othenvise agrees in wrtting. which consent sh�ll �ot be
<br /> unreasonably wtthheld,or unless extenuating circumstances exjst which aze beyond Borrower+s control. Borcower shall not
<br /> destroy.damage or ltnpair the Pcoperty.allow the Property to deter�orate,or commit waste on ttie Property. Borrower shall
<br /> � be in default if uny forfeitu�action or proceeding.whether civ il or criminal,is begun that in Lender's good faith judgmeat
<br /> •.-••�. � could result in forfeitune of the Propsrty or oWerwise matcrially lmpair the lien cr�euted by thls Securlty Inst�ument or
<br /> Lender�s security interes� Borcower muy cure such a dofuult und reinstate,as provided in paragraph 18.by causing the action
<br /> or proceedIng to be�ismissed with a n�W�g tha�in Lender's good fsith detemdnution,pree:ludes forfetture of t�e Borrower�s
<br /> .•:a�`,.� intemst in the Property or oti�ar mausr�al impairment of the lien created by this Security Insuument or I.ender`s securlty
<br /> interesG Borrower shaA also be in default if Borrower. during the loan applicadon pracess, gave muterisUy fulse or
<br /> inaccurate inforn�ation or statements to Lender(or failed to provide Lertder with any materiel lnformatIon)in connectlon with
<br /> the loan evidenced by the Note, includln�. but nat limited to.representations conceming Borrower's occupancy of the
<br /> �.:�' �. �mgessy ss s grincips!resi@ence. If sls�s Sezurlt;Insuusnent is aA a leasehuld,Hflrsowes shsll�omgly�lth a!1 tbe pmvlsiuns
<br /> of the leasc. If Borrower acquires fee tide to the Pmperty,the leasehold and the fee tide shall not merge su�less I.ender ngrees
<br /> , zv ' to the merger in writLig.
<br /> i,:'; `� i�? 7. Protectton o! Lender's Rtghta in the Property. If Bomower fails to perform the covenenu and ageem$nts �
<br /> {.� ,.�x,
<br /> ..,:. , ••� ,,= conWined in thls Security Instrumen� or there Is a legal proceeding that may sign�cantly affect Lender�s rights in the r,.h.,�
<br /> �t:�:y�.r..��',-.� Aroperty(such es a praceeding in bankruptcy.probate,for condemnadon or forfeiturc or to enfarce laws or regulattons),then ... �
<br /> �>;•.:.;:,.; L.ender may do and pay for whatever is necessary ro protect the valuC uf the Property und LenderR rights in the Property. =%�u
<br /> i�"'��^'"x'° �•�' Lender�actions may include paying ar►y sums secumd by a lien which has priority over this Security Insirument,appeating "�"
<br /> f '��'•"•"�� in cou�t,paying reasonable attorneys'fees and entering on the Property to mnke nepairs.Although Lender may tnke nctlon '"t'`
<br /> 1�•,•..�� . ,
<br /> ,i:+rl+�. •. ;'.:�:.
<br /> �,., • �. • under this paragraph 7.Lender dces not huve to do so. .,
<br /> � ,,��,� Any amounts dlsbursed by [.ender uader this parugmph 7 shull become additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borruwer and Lender agree to other terms of payment.these nmounts shnll bear interest from the
<br /> ��`'�'��-� date of disbursement at the Note rate and shall be payable.with interest,upon notice from Lender to Borrower requesting
<br /> paymenG
<br /> �' 8. Mortgage Insnranee. If Lender required mortguge insw�tce as a conditton of makin�the loan secured by this
<br /> .. . •.. .�;.,.',.f. •.
<br /> �� • ,;,�,;,�,,,,,,,,: Security Instrument,Borrower shall puy the premiums required to maintain the mortga�e insurance in effect. If. for any }��:';:._
<br /> ••�•��„�, ., •�,•� reason. the mort�age insurance coverage required by Lender lapses ar ceases to be in effect, Borrower shall pay the '� ;.;:
<br /> ?` ' ";�i��'��"��� premiums requimd to obta�t coverage substunpally equivalent ro the mortguge insurance previously in effect. ut a cost !��• '
<br /> � substnntiatly eq�lvatent to the coat to Borrower of the moRgage insurance prevloualy in effect,from an altemate mort�age
<br /> `�� ',,' Insurer approved by Lender. If substantialiy equtva�ent mortgage insurance coverage is not uvailable,Borrower shall pay to
<br /> .:, �,:.;',. ,..
<br /> x`-*,��•�� '• -� Lendet each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the
<br /> "��n-'1 insurnnce coverage lapsed or ceased to be jn effect. Lender wt(1 accept.use and retuin tl�ese puyments as a(oss reserve in lieu ��.�•'�•�
<br /> :,� . �,� '. ' • of mortguge tnsurance. Loss reserve puymeats muy no tonger be requic�d.at the optian of I.ender, if moctgage insurance ;;�:�.
<br /> coverage(in the amount and for the perfod that Lender requires)provided by un insurer upproved by Lender n�uin becomes
<br /> ? ' u , �^ available and is abtained.Borrower shal!pay the premiwns requimd to maintain mortgage insurance in effect,or to provide a �
<br /> loss reserve,undl the requirernent for mortguge insurance ends in accordance with any written agreement between Borrower
<br /> '��;� � 7; and Lender or applicable law.
<br /> ����� , 9. Inspectton. [.ender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br /> _ _ gtve Bomower notice ut the time of or prior to un inspection spec ifying reasonable cause for the inspection.
<br /> • , 10. Condemnation. 1�e proceeds of any�ward or clnim for damuges,direct or conseyuentiat,in connection with any
<br /> �. Singk Famiiy•-FnnnEe Mnr/Freddte Mnc UNIFORM INSTRUMENT•-Unlform Covenonts 9/90 (p�e 3 oJb pagesl
<br /> �� . . txcet intoe BueMae Potme.inc.■
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