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<br />, -h�.,-�.i•�.�"+4i� • �:v�iFt... fi:.il�l:l[�:;i Y�:14�..0 i� �Ijl!I!11'.Uk�i:L :F'('i�[CY�iiJVl(�lil��tiic ir.`�Oi�:1C�.�ilP�)�:::chr:°�u Etiy ifu�car:::7!:!l�fC:'i FU F_Cil'::(�i �� .�
<br /> 7 r},��;a.�v�:11•ihicG:�t�ll ieot<,�ucyr,.c�:r�a;�h1y�•�itbhcic�. If Goi�roti�ci•fnils tn�ual�uaiu covr�agc cic�:+;ii6�::d,�hovc,I.cn�t.^,Y OlJ3•,r.t F ,
<br /> '�- •__ °=~�=� L.eudee�aptton,aUtni�a coveraF;c to protect l.endci�s ri�hts in the i'roge�-ty in z�:cerd�nce wi�h p:iragrapi�7. --`--
<br /> ---'�"�= hI!insuroncr�polici+�s ar�d renewals shaU be acceptable to I.endcr an�l shall indud�n staudtu'd mortgagc clause. I.ciider
<br /> --°-_ shall havc tl�e right to!iolal thc pulicic.and re�tewale. If l.ender requires,Bvrrawer sh�H promptly give tn�.c�tder al!rcceipts
<br /> of paid premiums and rcs�ewul notices. In thc event of loss,Borrower shuil givC promFt natice to the insuran�e cArricr and
<br /> �•---�-�-- L.���dcr. Lcaidcr may ma�e proof af loss if not madc pron�ptly by 13orravcr. - -
<br /> - _ -
<br /> - Untess ll.enQsr nnd Hnnower oth�rwlsa ngtce in wriiing,insurunce proceeds shull be npplicd to rester.Uinn nr ropair u► `"_
<br /> th� Pra�xrly damage�i,if the rcstoration or repair ls ecanomically fensible nnd Lenderk security is not lessetted. If the
<br /> restoratian or repair is not econornicaUy feASlble or Lcndcr's security would bo lessened,the insurAnce proceeds shall be
<br /> upplied to the sdms secured by thls Security Instivmant, whetiter or not tlten due, witf,any excess paid to ��rrower. [f
<br /> Dorrower ab�ndons the Pzoperty, or docs not enswcr within 3U days n roticc fram Lender that the i�tsumnce cnrricr has
<br /> offexed to settle a claim, then l.ender may coltect the insur�nce procaeds. Lender muy use tlie proceeds to repair or restore
<br /> � the Pirogarty or to pay sums securcd hy this Security Instrument,whether or not then due. 'Il�e 30-day period will begin when -
<br /> the notice is given.
<br /> — Unlcss Lcnder and Borrower othenvise agree in writin�, any applicntion of praceeds to principal shall not extenc!or
<br /> postpone the due date of tlie monthly payments referted to in paragrnphs 1 and 2 or change the amount of the payments. If
<br /> ----— under pnragraph 21 the Property is ncquired by Lender, Borrower's right to any insurance policies ctnd procecds re5ulting �
<br /> from dnmage to the Property prior m the ncyuisition shall pass to Lendcr to the extent of the sums secured by tl�is 5ecurity --
<br /> Instrument immediatcly prior to tha u.quisitian. —
<br /> G. Occupancy, Preservation, Maintenance ard Protectlon of the Property; Borrower's Loun Appllcatlon;
<br /> �--------� 'd�.Tseh�lds. Borcowerst:al!occupy,estublish,nnd use thc Propeny as Borrowrr�s principal residence witt�in sixty d�,ys nfter ----
<br /> the�execution of d»s Securiry Instrument and shall continue t�occupy the Property as�orrower�s principal residence for at Y-
<br /> least one year after the duta of occupnncy, unless Lender otherwise lgrees in writing, which consent shall not be _
<br /> _;��,>���y� unrensonaoly withheld,or unless extenuating circumstances exist which nre beyond Barrower's control. Borrower shnll not 4`
<br /> __— des�roy,damase or impair the Property.allow the Property ro deteriorute,or commit waste on the Prapeny. Barrower shall ��
<br />- ___..`.���r};� be in default if any folfeiture action or proceeding,whether civil or crlminal, is begun that in Lender's good faith judgment —
<br /> could result in forfeiture of the Property or otherwise muterially impair the tien created by this Security Instrument or ��::
<br /> - --= Lender's security interest. Horrower may eure such a default und�instate,as provided in pnrngx�ph 18,by causing the action
<br /> ------- = or proceeding to be dismissed�vith n rnling that,in Lender:s good faith dctermination,precludes forfeitura of the Borrower'.s ��,;•
<br />=_ ��.�:��a�'?�� intemst in the Property br other material impairment of the lien created by this Security Inshvment or Lender's security i?
<br /> ��.}:�J�� - interest. Borrower s'�1U also be in default if Harrower, durin� the loan application process, gave materialty false or •-
<br /> _.;�;�;��i�'��� inaccurate information or stxtements to Lender(or failed to provide Lender with any materiul infermntion)in connection with �''_
<br /> '�'�� • the lo;ui evidenced b the Note. includin but not limited to, re resentations concernin Borrower's occu ane of the '��y,
<br /> c�'!;�4 �"v� y 8, p S P Y
<br /> �= r�,� Rnperty as u principai resicience. If�his Securiiy Ins�rument is on a Ieasehoid,Botrower�huii compiy wiii�aii inc pre�vi�iuna �.
<br /> fl�`; ��.' ' of the lease. If Borrowcr acquires fee tidc to the I'roperty,the leasehold and the fec title shall not mcrgc unless Lender agrces ,
<br /> "-�`�`''•`. '�=�' to the meeger in writing. �'�<.
<br />�:��1r��+k�^tT�%''•` 7. Protection of 7.ender's Rights in the Property. If Dorrower fnils to perform the covenants and a�;rPements '���.
<br /> "`S`=�„�,*�4 contained in this Security Instrument, or them is a legal proceeding that muy significantly affect Lender's rights in the
<br />��'"�j:ti+x+'P•�:t"� Property(such as:t prcxceding in bankruptcy,probate,fnr condemnation or forfeiturc or to enforce laws or regulutions),then "
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<br />--. °- �, '� L,ender may do and pay for whatever is necessctry to protect the value of the 1'ropeny and Lenderk rights in the Property.
<br /> `'�; i''''~ Y P Y 8 Y Y P Y Y FP S ji •.
<br /> ��,.sr ± Lender�s actians ma include a in an sunts secured b a lien which has riorit over this Securit Instrument,a rarin
<br />-�:;.'�fi.;.'•;'.".�`��'� in wurt,paying reasunable ateomeys'fees and entcring on the Property to make repairs.Although Lendcr mny tnke action
<br /> =��r��'-:-"_rt:..i� under this paragrapl�7.Lendcr does not huve to da so.
<br /> ��-�-°'��"r',� Any amounts disburscd by Lender under this paragraph 7 shull become additional debt of Borrower secured by this ;� ��
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<br />_�_��ia�r�.r�.�, Security Instrument. Un�ess Borrower and Lendcr agrce to other tcrms ot'payment,these nmounts shall bear interest from the
<br /> _�_,�_..y..-„r;;.� datc of disbunement at thc Notc ratc an�±shall bc paynble,with interest,upon noticc from Lender to Borrower requesting
<br />__�:r�r�,,:��:;� payment.
<br />-�"��'�1r'R��•J B. Mortgage Insut�ance. If Lendcr n:yuired mortgagc insurancc as a condition of muking thc lo:ui ticcurcd by this ,.��
<br />�=�°s!�_'`�:��---h� Seeurity Instrument,T�oreawer shall pay the premiums required to mlint�:in the monbage insurance in effect. If. for any
<br /> _� ������ reason, die mortgage insur.uue cuverage reyuired by Lender lapses or ceases to be in effect, Bu�rower shall pay the
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<br /> _u��,.,-.�.,��. premiums required to obtain coverage substantially cquivulent w the mortgage insurance previously in effect, ut a cost
<br />_.�-� '°. '•.. �. substantially equivalcnt to the cost to Dorcower of the mortgr.gc insurance previously in effcct,from an altemate mon�age
<br />-_ ` �....._. insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available.Borrow�r shall pay to
<br /> °"�~ Lcndcr e,1ch month a sum eyual to onc-twelfth of thc ycarly mongabe insurancc pnemium bcing paid by Borrowcr whcn �he ��
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<br /> -_'_=� �::- insurance coverage lapsed or ceased to be in effect. Lcnder will accept,use and retain ihese payments as a loss reservc in 1 ieu "
<br />�;�:,.;�c,;,. � '�` of mortgage insur�nce, I.oss reservc payments may no longer be required, at the option af Lcnder, if morigage insurance
<br />=-= ` covengc(in the amo�int�nd for the period thnt Lender requires)provided by an insurer approved by Lcnder again becomes
<br /> ---- , available and is obtained. Borrower shall pay the premiums reyuired ta maintain mortgage insurance in effect,or to provide a
<br /> .- . luss reserve,until thc requirement for mortgage insur.incc ends in accordance with any written agreement betwecn Borrower
<br />����--`,•3�}- •�,n, nnd Lender or applicable lnw.
<br /> � �t • 9. Inspection. Lender or its agent miiy mnke reasonable entries upon and inspections of the Property. Lender shall
<br /> •• � '_. give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br /> _ . . 10. Condemnation. The proceeds of any award or claim for damages,dircct.or consequential,in connection with any
<br /> .•. •� � Singlc Family--F'rnnlc Mac/[Ycdd(c M11nc UNIF()RM INSTRUMENT••Uniform Cavcnants 9/90 fpuga.�rrf6�iRes1
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