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<br /> " 'TLf101�ti��lat Lcn�lcr rcquirc+. Thc in,ur:IllCl' c,n�ricr�xuvidin�! ��7P 1111Ulf:111C1'��lil���1L'l'�ll)tit'n hy 13c�rca�vrr,uhjc+:t to I_cndcrti
<br /> apprut��il witich�hall not bc wtrr:i,uuahly wi�hhcld. If f3itirruwcr L�il� �u mainl;iin cuvcrci�x ilc�erih�il aBuvr.L�nJcr may. a�
<br /> Lcnticr'+option.oUtain covcr.ikc:o protcct !_cndcr's rights in Ihc I'u�perlg in accurdnncc with par.i�:ra��h 7.
<br /> . All insur�ncc policics iu�d rencwi�lti sbtall hc urrcptahlc tu Lendce mid+hall in�ludc a,t;�ndard tnorl�a�;r clau�c. Lci�dcr
<br /> tihall I�avc Ihc ritht to hold thc pulicics and rencwnls. If l.cndcr rcquircti,Hon•uw�r�hall prompUy Niv��u�Lrndrr�dl rcccipts
<br /> c�f'p,iid prcmiumti and rrncwul nutirc�. In Uic evcnt nf lo},. [lorruwr.r+hall�ivc prompt nolicc lo dtc intiurancc carricr:ind
<br /> • l.endcr. Lcitdcr tnay m;ikc primf of'lotis if nut mudc prampNy hy Hurrowcr.
<br /> , Unlcss Lcndcr;uid tiorrowcr othcrwi�c ngrcc in�vrwng. m�urmcc prucccd,,�r,dl lic applic�l tu rr,turaliun ur r.:pair of
<br /> tlte ('ropeny cla�nuged, if tNc re�toruion or repair is camomicully tcasihle :�nd I.endcr+ �ecurity is not Ics�ened. If the
<br /> •� rcxtoration or rcpair is nut c�:on��mically f'ca�iblc�ir Lrndcr'ti �ccurity wuuld bc Icsscncd, Ihc in�ur.incc procceds tihall bc
<br /> ., � � applicd to�hc sums sccurcd by this �ccurity Insirumcnt. whcUtcr or not Ihcn duc, with ,u�y cxcetis paid ta F3urmwcr. If
<br /> Bormwcr abandons thc 1'roperty. ��r r.locs nol an��vcr �vithin �II dayti a noticc I'rom Lrndcr that thc inwrancc carricr has
<br /> offered to seide a claim. ihen Lrnder may cullcct�h�•intiurancr procecds. Lcnder miry u�c thc procced�ta repair or rcstom
<br /> ' thc Property or to pay sums,ccurcd by this 5ccuriry Instrumcnt.whether or nut thcn due. Thc:i0-day�crind will begin whcn
<br /> ihc notice is givcn.
<br /> Unlc.r Lcndcr and Eiorrowcr othenvisc agrce in a�riting,any applirnion uf procceds to principal,hall nat c�:tcnd or
<br /> po�tpone the due date of thc m�nthly paymentti rcferred to in par,igraphs I and 2 or change the amou��t of'thc payments. If -
<br /> undcr paragr.iph ''I thc Propcny is acyuircJ by Lcndcr. Borcowcr's right io .my insuruncc policicti and procccds resulting
<br /> � from d;m�age to the Propeny prior to the acyuisitioii,h.dl pa+s to Lendcr to Qic extent of the sums secured by this Sccurity
<br /> In�trument immediatcly prior to thc acyuisition. _
<br /> 6. Uccupancy, Preservation, Mnintenance and Prutecl3rzn of the P�operty; Eiarrowe�'s l.oun ApplGcatt�n; _-_
<br />� I.t�.�:holds. BQrro�+�er shull uccupy,establish,nnd u�e the Pmreny as Ronower's•princiQal residence within sixty days after -__�
<br /> � the execution of this Security (nstniment and shall continue to occupy�h�Pro�xrty as Borrower's prinripal residenec for at ����,
<br />- � Ieast one year after the date of occupancy, unless Lendcr otherwise agrecs in writing, �vhich consent shall not be --
<br /> unreasonably withheld,or unless extenuating circumstanceti exi�t which are beyrnid Borcower's control. Borrower sl�all not
<br /> destroy,damage or impair the propeRy,al lo�v thc Property to dcterioratc,or commit wastc un the Propcny. BorrowQr shall ��.
<br /> • be in default if any forfeiwm action or proceeding. whether civil or criminal, is begun that in Lender's good faith judgment
<br /> y:.
<br /> could result in forfeiture of the Propeny or othenvise miiterially irnpair the lien crcated by this Security In�uurnent or �;�
<br /> � Lender's security intemst. BoROwer may curc�uch u default.u►d reinstnte..is provided in paragraph I R,by causing Ihe action _.
<br /> or proceeding to be dismissed with a ruling that,in Lender's gaod faith detennination,precludes Fnrfeitun:of the Borrower'.s -
<br /> . interest in the Propeny or othcr material impaimicnt of thc licn rrcatcd by this Security Instrumcttt or Lender�s security _-
<br /> interctit. Bo►TOwer +hull also bc in deF.tuh if Horrowcr, during the loan application process, gave materially :alse or
<br /> � inaccurate information or statements to Lender(or F.iiled to provide Lender with any material information)in connection with
<br /> the luan evidcnced by the Note, including, but not limited tn, rcpresentations conceniing Borrower!s occupancy of thc
<br /> F�ropeny as a principai rc:sidcnce. Ii ii�i,Sccu�iiy iu,i�u�nc��t i,�;ii:;i�a,e�a��.B:,.:.;::�i sF�.!:,�Sii�l�::�h:.,�!:::°j,t�:e:�:.^iss
<br />. of the Icase. If Borrowcr acquires fce tide to thc{'mperty,the IeaseholJ and thc fee titte shall not marge un(css Lcnder ngrees
<br /> to the merger in wriring.
<br /> 7. Frotectton of Lender's Rights in the Property. If Borrower fails to perform the covenmits and agrecments
<br /> � contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender� rights in the
<br /> Property(such as a proceeding in bankruptcy,probate,for condemnation or forfciture�r[o enforce laws or reg��lations),then =-
<br /> Lender may do and pay for whatever is►aecessary to protect the value of the Property and Lenderk rights in the Property. °
<br /> � Lender's•actions may include paying:u�y sums�ecured by a lien which has priority over Ihis Security Instrument,nppenring
<br /> in cowK,pa}•ing reasonable attomeys'fees and entering on the Property to make rcp:tirs.Altttough Lender may takc action -
<br /> under this puragrsph 7,Lender dceti not have to do so.
<br /> Any nmounts disbursed by Lender under this par��raph 7 shall become additional debt of Borrower sccurcd by this
<br /> Security Instrument. Unlcss Borcower and Lcnder agrce to other tcrms of paymcnt,thesc amuunu shall bear interest from the -
<br /> date of disbursement at the fYote rate an@ shall be payable,with intemst,upon notice from Lencler to Bonower requesting
<br /> • payment. -
<br /> . 8. Mort�ufie Insurance. If LenJer requircd mortgage insur:uice as a condition of maki�g thc loan secumd by this
<br /> ��'. • Security lnstrument. Borrower shall pay the premiums required to rnaintain the mortgage insurance in effect. If, for any �°-
<br /> • reuson, thc mortgage insurutce covcrage required by Lender lapses or ceases to be in effect. Borroo�er s4�nll pny the ---
<br /> • ' premiums reyuired to obtain coveruge substantially cyuivalcnt to thc mort�;agc insur.uice previously in efFect,ut n cost �;�;.
<br /> � substantially equivalent to the cost to Borrower of the mongage insuranee pmviously in effect,from an altemttte mongage =-
<br /> , insurer approved by Lendcr. If substzntially eyuivalent mortgage imurance coverage is not av;tiiable,Bor[ower shall pay to � _
<br /> . Lender rach month a sum equal to one-twclfth of the ycarly mortgage insur�nce prcmium being paid by Bonowr.r whcn the n�-.
<br /> •. insunnce coverage lupsed or reased to be in effect. Lender will aceept,use;uid retain these puyments as a loss re.serve in lieu $,t,-
<br /> of mortgnge insurance. Loss reticrvc payments may no longer be requircd,at the option of Lender, if mortgage insurance �•.�
<br /> covera e(in the amount and for the eriod that Lender re uires)provided by an insurer approved by Lender nga�n becomes ���`
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<br /> available and is obtaincd.Borrowcr shall pay thc prcmiums reyuired to maintain mortgage insurance in effect,c�r to pmvide a
<br /> ' loss reservc,until the rcyuin:ment for mortgage insurance ends in accordance ��•ith any written agrcement between Borto�vcr =
<br /> and Lender or applicable law.
<br /> 9. Inspection. Lender or its agent rnay make reasonable entrics upon and inspections of the E'roperty. Lendet shall 1:l�
<br /> • ' , give Bormwer notice at the time of or prior to:in inspection specifyin�reasonable cause for the inspe�tion. �•�`"
<br /> ! 10. Condemnntlon. Thc prorecds�f any award or claim for damages, dimct or conseyucntial,in connection with any ' ,
<br /> Smglc Famdy-•Funnle Muc/Et'cddle A1uc UNIFOR M INtiTRUM1fIiNT••Uni(omt Covcn:uus 9/90 1pa�v J r�Jb�x��rsJ
<br />` Grcat Likcv Ilus:nw Famv,loc.�
<br /> � . Tv lh�Ca l:ull.1800fi30?i3A1 0 PAl C��67B�-1131
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