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<br /> ptriode tli:�t�:i�dtr r�yuires. 'i7�p iqsurexico catrirr�rovlding the�nRUrnnee shstl be chn.�en by Ror��uwr.r sut�,jcc;t q�1.�nderk"' �
<br /> , approvaf wh►ch sfial!rscii be unre�.seaably w[t�!hel4. If Burrc�wer fRils to mx�nEain coverxg�.des�rib�i above, �td�c.�r may,+�t �
<br /> L.enotra option�t+i�iain wrco�ge iv j,?vit,.;.!w-..-.u�:'�sla2sla�.'3 il:z P:�t"'�;3��'�'���-.�'.'-n Wlth�rw�!�!�T. ..
<br /> Ali insurAnce polictrw wcid penaw�la sh�ll be accaptable to L,c►x�e��nd�lu�ll inclwie�etandatd mocc,�a�a clRwa. Lhndev
<br /> � sha11 twve the right to hald the policfas end renewafa. If Txnckv c+tqairc�,Flocrower�h�li pt+nmpiy�ive ta I.ender all receipts
<br /> af p�id preieiumm and rerrow�l no�ic��. In'lFre evet�t oi laa.BorPOwer a►all�ve pra�pt nohcs w the insura�ca ca�ri�wr�nd
<br /> j L.endGr. Lender inay mska proof af toss if not mwdo prqmptly by Borrowcr.
<br /> Untess l.cnder and Bo�mwer othcrwiso agrx tn wnting.�nsurwK:e y sitolb ik.��ritcJ tv�...W.'.+:Ia.i a:t::y�s,zir af
<br /> the Pi+unerry dams8td, if the neataation or rapeir ts c�camm�iCatly fou b�i.enderb securlty is not kseer�ed. 1[the
<br /> �+estoradon or npair is not ecatomically fcasibla'or I..anderh secudry would be lesxncd. thn it�urutce proceeds shA1�be
<br /> applied to the sums secured by this Secudty Instsumenl,whether ar not then due,wilh any excess paid ta Bartower. At
<br /> Borrower abandons tho Property.or dotis not answer within 30 days a nottce fmm I ender thet the lnsuranco carti,�r hati .
<br /> offemd to settle u claim.tNen Lender may callect the Insuc�nce proceeds. Lender may use thc pmaeds to repair or restors
<br /> the Property or w pay sums secuned by this Secudty Instrument,whether or not then due. 7'he 30-day pedod wfll6egin when
<br /> � the nottcx is given.
<br /> Unless L.ender and 9omawer otherwise agc�e in wciting,any npplicadon of proceeds to pr�:lpal shaU not extend ot
<br /> ; postpone the due date af the nionthly payments tefe�to in parngraphs 1 and 2 or chunge the amount of the payments. If
<br /> under pnrugraph 21 t�te Pruperty is acquired by L.en er,Borrower�right to any insurance policies as�d pmceeds resuUlttg
<br /> from damage to the Property pdor to the acquistdon shall pass to Lender to the extent of the sums secund bg thls Secu�ity
<br /> Insmiment immed�utety prior ro the ucquisidon.
<br /> 6. Occupancy; Pr�ervs�tion, Mainteiwnce and ProtecUo� of ihe Property; Horrower's l.osn Applicatlon;
<br /> iRa�sholds. Bomower shall occupy.establish,nnd use the Pmperty as Bonmwerls princIpal nsldence within alxty days after
<br /> the execution of thls Security Insuvment and shall continue w ocxupy the Ptoperty as�orrower?�principal restdence for at
<br /> least one yesir after the date of occupancy. unless Lender otherwise ugrees {n wridng, whlch consent shall c�t be
<br /> .Y,, unmxtsonably withheld.or unless eMtenuating circumsuutces e�Ist whtch ana beyond Borrower�s control. Born�wer shall not
<br /> destrny.damage or Impair the Property,aUow the Propecty w deteriorate,or cqmmlt waste on the Pmperty. Borrower shall
<br /> be in default if any forfelture ucdon ar prnceeding.whether civil or criminnl, is begun that in Lenderls good faith judgment
<br /> could result in forfeiture of the Property or othenwlse materially impair the IIen cm,�ted by this Securlty Inswm�nt or
<br /> i.ender�securiry interesG Borrow�r may cure such a defaWt and reinstate.as pmvided in paragraph 18.by causing the acdon
<br /> or proc�eding w he dlsmissed wIth a niliag that,in Lender�s good fulth detecm�nation.precludas forfeiture of thc Bornawer's
<br /> interest in the Property or other material impairment of the lien created by this Secudry Inshvment or Lender�s security
<br /> interest. Borrower shall also be in default if Fiaerower. during the loan application process, gave muterially faise or
<br /> inaccurnte infortnuuon or statements to Lender(or feiled to provids Lender wltb any mutertal informadon)in connection wtth
<br /> the•toan evidenced by the Note. including, but aot limited to. cepresentadons conceming Borrower'� ocwpancy of the
<br /> ' Property as a principai residcn��c. If tf►i���:u;iry Iiistrc�meat is on a leasehald, 33orrawcr sha!!comply ulsh sl!she p�oristons
<br /> " � r., of the leasc. If Horrower acquites fee title to the Property,the leasehold and the fee tltle shall not merge unless Lender agrees
<br /> °,, � t,�y�:� to t�he merger in wridng.
<br /> �;.��` 7. Protection of I.ender's Rfghts in the Property. If Borrower fails to pe�'form the coveaants and a�rsements
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<br /> � i •; � contained in this Security Instrument,or t here is a leg a l procee d i ng l hut may s igni�iean t ly a f fec t l.en der k d g Q n s'i n t h e
<br /> " •Y��•����*��=.5 Properiy(such as a proceeding in bankruptcy.probate,for condemnation aa forfeiture or w enforce Iaws or regulations),then
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<br /> n,;m•,•,•�;•. -�,�i' Lender ma do nnd a for whatever is necess ro mtect the value of ihe Pro and Lertder`s rI ts in the Pro
<br /> F. � � � �+" Lender's acrions ms�y include puying any sums secured by a Iten which ht�s priority over this SecurIty Inswment,ctppearing
<br /> �����,.,��;,� in court.payiag reASOnable auomeys'fees and entering on the Property to make repairs.Althuugh Lender may tak��Cdon '
<br /> �•�'���� � - -• under this paragraph 7.[.ender dces not huve to do so.
<br /> ,�;,;;,�.�,�;...; Any amaun:s disbtused by Lender under this puragraph 7 shall become addltIonal debt of Borrower seaaretl by this
<br /> ,+q;��;��'.?�`^_;� Security Insnvment. Unless Borrower und Lender agree to other tertns of�paymen�these amounts shall bear intenest from the
<br /> t-r :�. ' date of disbuasement at the Note rate cu►d shall be payable,with interest, upon noHce from Lender to�orrower c+equesttn�;
<br /> �,���. paymenG
<br /> w,� ` �.�+..--a. 8. Mortgage Insurance. If Lender requtred mortgage insurance as a conditlon of making the loan secnrad by this
<br /> .�;i�s=��ss:�.y�f• Security [nstrument.Borrower shatl puy the premiums required to maintain she mongage insurnnce in effect IS?for any
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<br /> �• ,;r_•, .,. � ;;;�;,.. reason, the mottgage Insurance caverage required by Lender lupses or ceases to be in effect, Borrower shnl pay e
<br /> ��� premiums required to obtein coverage substantially equivalent to the mortgage insurunce previously in effect, at a cost
<br /> .';'�'�•'�`� `.� � �� ��y, substantially equivalent to the cost to Borrower of the mortgage insurance previously in effeci.ftom an altemate mortgage
<br /> �'`� � ' insurer approved by Lender. If substantially equivalent mortgage insurnnce coverage is not avuiluble,Borrower shall pay to
<br /> `'' .`'�'�:�;: • I.ender euch month n sum equal to one-twelfth of tl�e yearly martg�e insurance premium being pald by Bonower when the
<br /> � � ";t " insurance covernge lapsed or ceased to be in effect. Lender will accept,use and retain these payments us a loss reserve in lieu
<br /> . :, ;;•�" � � of moK�uge insurunce. Loss reserve paymenGc moy no longer be required,at the option of Lender,if mortgage insurnnce
<br /> }�;,rr�' . coverege(in thc amount and for the period that Lender requires)provided by ssn insurer npproved by Lender ngnin becomes ,;.
<br /> � ,�;� _ , avsiilable and is obtained.Borrower sh�)l puy the premiums requimd to maintuin mortgage insurance in effect.or to provide a =:.
<br /> !"''' ' loss reserve,until the requirement for mongage insurnnce ends in accordance with uny written a�reement between Borrower ''�
<br /> r: - ..:;:.;t;;y , and LeRderor appticable law.
<br /> ,.;,;;;,�°`;�� . 9. Inspection. L.ender or its agent m�ty malce reusonable entries upon :utd inspectlons of the Property. Lender shnll
<br /> '�•'�:<'r �ive Borrower notice nt the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> 10. Condemnution. The praceeds of uny awsud or claim for damages,ditect or consequential,in ronnection with any
<br /> _ Singk Famity•-Fannte Mae/bYeddfe Muc UNIFORb9 IN5TRUMENT--Uniform Covenants 9/90 fpaFe l nl nl�+R�sl
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