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<br /> periods t�►ut I.,EnQer requfres. 'i'b�iusar,mc�:carrlep p��vt�ling ti�e it:siirancc shu11 bc Ghastt-Fhy Hnm�wer sunjr.c[to i.eniicr R
<br /> � eppr��va{whl�h a4�sil1 nc�t bc unt+eesunahly wil8hekl. If°Ncxrcowet faile ta m�intain caveragc dcs�;ritxd alsc�ve.l.cttder mag,�
<br /> l,enderL opticm,otNei!�s�vnMga ta pratscl L.ender'e�ight��the Pr�perty in�cecKdrnco wl�h p�uagt�pf►7.
<br /> All insurtu�ce(�licies wtci�r�newala Rhs�ll Fse ace�ptnble tn LendeT ux1 ehall irtt�ude A atandud�noR�sBo ctsu�e. L,eader
<br /> rtu c p ive to i�ender�il ra:ef
<br /> ahall heve the d�ht ta huld tho policlas rnd r+encwate. 7P 1'.endcr reyuires.�unnwer ehell promptly g p�+
<br /> of p�id premi�ms and nnewal noticer. In the event of loee,Boerower�hill givo prampt notice ta the ins�r�nce oarrkr�nd
<br /> C.rnQer. lxnctcr ma�r make proof of lose if imt msda promptty by 8arrowcr.
<br /> iJnlees Lender�nd aorrower otiierwl�o ag�Ct in wt�dng.Insurance proceed+xi►�{I rae a(ij�3ie�eo r.;stu►�tios�ar Y�:ir a8
<br /> the Pruperty damaged. iP the rcatoraUon or repnir iK ecanomically feasibin anA L.enckrts atcurtty la �►ot lassened, �f the
<br /> restoradon or repair is not economtcally feaglblc or O.enduk security would be lessened,the irtauranca praceeds shall!ie
<br /> applied to the auma eecured by this Security In�ttumenr,whethcr or not then due.with ony excess puid to Bormwar. If
<br /> $arruwer nbtur�dona tha Prope�ty,or das not nnswer within 30 daya u nnt�ce from L,endor that the insuranco carrier hns
<br /> offer�d to settle a claicn,then Lender may coltect the insurance proceed5. Lender msy use tha proceeds ta repair ar restore
<br /> tlte Property ar t�puy sums secw�d by thls Securtty Instn�mcnt.whether or not then due. The 3Q•day perlod will begin when
<br /> td¢nodce is given. •
<br /> Unlees Lender nnd Borrawer otherwise asree in wehtn�.uny applicntian of procr.eds to principal ehuU rtot extend or
<br /> postpane the dua date of tha manthly payment�referrxd to in paragraphs 1 and 2 or chunga the amount of the paymeU�S. If
<br /> under parngraph 21 the Property Is n�quired by Lcnder, HorroWer's right to any insurance policies und proceeds resulting
<br /> fcom damage co the Property prior ta the acqu{sitlon shall pass to Lender to the extcnt of the sums secured by this Secudty
<br /> instrument lmmediately prior ta tha ecquisition.
<br /> 6. Occupxncy, Preservation, MQintenance and Protection ot the Property; Bor�ower's I oan Applicatlon;
<br /> t,ea.4ehofda Borrvwee shalt occupy,cstablish.and use the Property as Borrowerf,pdncipal cestdencd within aiaty days after
<br /> the execuNon of this Securlry In�trwnent end shall conttnue to ocewpy tt►e Property as Borrower�principal residence fot at
<br /> leust one year after the dete of occupancy. unless L.ender othenvise agrees in writins, wl�ich consent sbaU not be
<br /> unreasonably withheld.or unless extenunting ctrcwnstances exist which are beyond Borrowerk control. Bomnwer shall not
<br /> desn+oy.damage or impair the Property.allow die Properry to deteriorate,or commit waste on the Pcaperty. Sornower shali
<br /> ,..�:t be in default if any f�rFetture acdon or proceedins,whether civIl or criminal,is be�un that in Lender�s good falth jud$ment
<br /> coulc�result in forfeiwre of the Property or otherwise materially impair the lien created by this Secunty Insuument or
<br /> I,enders sccuriry ir�terest. Borrower may cure such a default and remstate,as provide�in paragcaph 18.by causing the action
<br /> ar prcxeeding to be diamissed with a rutin�that,in Lenderk�ood faith determination,precludes forfeIture of the Borrower's
<br /> intereat in the Property or otDier matedal impairment of the lien created by this Secu�ty Instrument or L.ender�s security
<br /> interea� Borruwer shall also be In default if Sonower, during the loan applicat�on process, gave materlally false or
<br /> , inaccurate infom►ation or statementa to l,ender(ar failed to provlde Lender with any material informatton)in connection with
<br /> tha loun evidenced by the Note, including, but not 13�r�lted w, repn.sentatlons conceming Borrower�occupancy of the
<br /> l�ropetty as a p�Inclpel resldence. It thla Security Instrumene is on a luweiwiu.B�,rower sha22 campfy wEsh�1!itse pscsvisi�na
<br /> af the lease. If 9orrower acquires fee dtle to the Property.the leasehold and the fee title shall not merge unless Lender agrees
<br /> to the merger in writing.
<br /> � �, 7. Protectton of I.endeNa Righta in the Property. If Borrower fails to perform the covenants and ugreements
<br /> contained in this Securlry Inswrnent.or there is a Ie�ul proceeding that muy significantly uffect Lenderls rights in the
<br /> '. ��,,,.�t;�. : property t�uch as n proceeding In bankruptcy.probute,for condemnutfon or forfeiture or to enforce Inws or reguludona),then
<br /> ',„'�rY� I.ender may do and pay for whatever is necessary to protect the vuluc of the Property und Lender�s righty tn the Propett;v
<br /> Lender'.s actions may include pnying nny suma secumd by a lien whlch has prlodty over this Security losttument,np�ering
<br /> ':. �� ���` in couct.paying reasonable attarneys'feer and Cntcring on the Property to muke repuir�.Although Lender may take uction
<br /> " '' under thia parngnsph 7.Lender doea not have tu do so.
<br /> '�'.`-� � •^'+''� Any amounts disbursed by Lender under this parugrnph 7 shall become nddltlana!debt of Borrower xccured by this
<br /> .••�:�`'�� Secuuity Instrument. Unless Bocrower nnd Lendcr agrec to othcr terms of puyment.thesc nmountw xhall bcur fnterest from the
<br /> � ...„f.,;. date of dlsbursement at the Note rnte and shall tx puyuble, with interest,upon notice from Lender to aorrower requcsting
<br /> t �.•,,., paynnent.
<br /> � �70�"'�'�"� S. Mortgage Insurar+�e. If Lend�er required mortgage insurance os a condiuon of rnaking the loan secured by this
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<br /> . • , :::, . ","'�'' . Security Instn:ment,Barrower shall pay the premtumg rcquired to maintain the mortgage insw�ance in effect. I. or any
<br /> ' � ' �'a, - mason. the mortgnge insurance coverage mquired by I.ender lapsea or ceases to be in effect, Borrower shall pay the
<br /> „� �'' ,``t��.` remiums uired to obtain covera c substunttalty equivulent to the mortgage insurance p��eviously in effect, at a cost
<br /> ,�i•.w�::��.,':'.°'. �- . P �I �
<br /> �w. . �• ' substantia!!y equivalent to the cost to Borrower of the mort�nge insurance previousty in effect. from an alternate mortgage
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<br /> , �t.�,,: . :;��� � insuner approved by Lender. If substantially equlvalent mortgnge jnsurance coverage is not available.Borrower shall pay to
<br /> 1: •� Lender each month a sum equal to one-twelfth of the yearly mortpage insurance premium being paid by Borrowcr when the
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<br /> • insurance covetage lapsed or ccused to be in effect. Lender will uccept.use und retain these payments as u loss reserve io lieu
<br /> ��. �.�. . of monguge insurnnce. Loss reserve payments may no longer be required,at the option of Lender, If mortgage insurance a
<br /> covera�e(in the amount and for the pedod that Lender requires)provided by an insurer approved by Lender again becomes ��
<br /> Y . '� ' avai(able und is obtained.Borrower shuil pay the premiums requfred to m�intriin mortgage insurance in effect,or to provide a
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<br /> �• •• ' loss mserve.until the requlrement for mortgage insurance ends in accordunce with uny written agreement between Borrower
<br /> r`=�Yi:(,.�:�� .. and Lender or applicabte law.
<br /> ' ' 9. Inspection. Lender or its ugent may make reasonable enuies upon and inspectIons of the Property. Lender shall
<br /> ,�.' �. ,;. • give Borrower notice at the time of or pnor to an inspection specifying reasonable cause for the inspection.
<br /> ���� � 10. Condemnatlon. TI►e praceeds oF any award or ctaim for dtunages.direct or consequential,in connection wtth any
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<br /> . . Singlc Family--F�nnte MadFireddte Mnc IINIFORM IDISTRUMENT--Uniform Cove�wnts 9/90 (poge 3 nf b pugeal
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