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<br /> ' p2s'fivalv th�t l,crtdet•requfe�s. T�7C in4ur:�itce earrier provictinl;t31e iiZ;ure.�te,,sliall i;�c6.o�bPZ I)V �Oi1U�:cr:,uUjccY ro 9 eu�'::r'� k;�:=:
<br /> ^ np��tovnl 4�itich sliall�tut E�:;unrea:nnably���iuhhald. If�fu�iuwcr f�;;l�[i�r�t�iiirr.i;t r.uvc�i�,�;•dc::4:tiG::a1�u:av�,1:�frilc�ti��.�y,r-
<br />- ..�..� l.E:�idcr's o�tion,ob�ain couera�;e to pr�otcct Lene��:r':;�i�irtr,ao ili::Prarzrty in,!ecu�d.•nco�vie 3i p�r.;;��;�5�'/. �, ,.`
<br />'�"'>�_''�'=--���r= All ii�sursnce policies and ren�wals shaf!b�acr,epta b le ta II.ender and siiall in�lude n:;tmtdard��ionLc+ge clnucc. I.eyide►• _
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<br /> '• � �r"���' shall haee the ribht to hold th�policies and renewnls. fi Lender requires.Dm�co�ver Shall prompNy give t�Lender;d!recG�pts
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<br /> --- _—_ _ of paid premiums and t�ene�vnl notices. In tiie event of'loss,Horcower shnll give promp►noticc to Q�e ii�surmico ca►rice anci
<br />_;�-_-�_�=*—���ny- l.ender. Lender mny mnke proof of loss if not m�de promplly by 8orrow�r.
<br />�01,,_��;;�;��.,� Unless Lendcr and Horcotiver�ih?nvise a�rce in writin�, insurancc prcxseds shall be t�pplicd to restoratian ur rcpair of
<br /> , the Pro�rty dumaged,if thc restoratton or repuir is economically feasl6le and Lender's security is not Iesseneet. If ihc
<br /> _„,.;;:.�..,.'��,� restor.+t on or repatr is not economicaUy feasible or L.ender's security would be tsssened.the insurance procecds sha11 be
<br /> ��=�.:�:r;;; �'�'• applled to ihe sums secured by this Security Instrument, whether or not then du�,with any excess paid to I�orrawer. If
<br /> _°-' i,`.�e;�i�: Borrower s►bandons the PropeRy. or does not ans�ver within 3U ciays a notice from Lender thnt thc insurancs carrier lius
<br />��'���;-�`" '� 'f�'��:•' offer•d to settle n claim,then Lender may callect the insurance praceeds. I.ender may use the proceeds to repair or restore
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<br /> .a.�'i:. the Property or to pay sums secured by this Security[nstrusncnt.whether or not then d�xe. Thc 30•day period will begin when
<br /> €`.€-���"`�''"""-,� ...,", �ie aotice is givcn. -
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<br />- __•::�.;� : ';,t;� '.,. Unless Lender and Borrower otherwise a�eee i►i�vriting. any appticauon of proceeds to princip�l shall not extend or `
<br /> "t�.�' , . ' :�� postpone the duc date of the monthly paymenu referred to in para�raphs 1 and 2 ar changc the amount of the puyments. If
<br /> �. ' .. under pnra�ruph 21 thc I'roperty is acq,uircd by Lender, Borrawer 5 right to any insurance policies und proceeds re�ulting
<br /> 'F: from dam3ge to the Properry prior to the ncquisition shall pass to Lender tu the extent of the sums secured by this Security _
<br /> . Instrument immediately prior to the acquisition.
<br /> '�����"' 6. Occupuncy, Preservation, Maintenance and Protection of the Property; OorrowEe�'s Loan Application;
<br /> ��� Leuseholds, Borrower shuU accupy,establish,and use the Propeny as Borrower's pnncipal residence wlthin sixty days after
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<br /> � � the execution of this Security lnstrument and shail continue to occupy qhe P►•operty as Borrowcr's princip�l residence far nt
<br /> .3� _ ,, '�`;;,�;' leust one yeur after the date of occupancy, unless Lender othenvise ngrees in �vriting, which consent shull nat be
<br /> unreasonably withheld,or unless extenuadng circumstances exist�vhich um beyond Borr�wer:s contrul. Borrower shall not
<br /> ��' . � ���'��!-- • destroy,damage or impnir the Property,allow the Property to deteriorate,or cammit wASte on the F'roperty. Bc,rrower shnll
<br /> ��ti'.' '•,.�.�� `;�.;, be in default if�ny forfeiture action or proceeding,whether civil or criminul,ie begun ihat in I.ender�good faith judgment _`
<br /> •.•i�.i �'':, could result in forfeiture of the Property or otherwise materinlly impair the lien created by this Securitp Insuument or
<br /> '" ��'.� � Lender?c security interest. Barrower may cure such a default and reinstate,us provided in parugruph 18,by causing the actiun
<br /> • or procceding to be dismissed wiih n ruling that.in Lender's good faith determination,precludes forfeiture of the Borrower's —
<br /> `;`,..• ` - intems[in the Property or other material impairment of the lien created by this Secunty Iastrument or Lender�s secwity
<br /> interest. Borrower shall also be in default if Borrower, durin� the loun npplicatian process, gave enuterially false or
<br /> inaccurate information or stutements to Lender(or failed to provide Lender with any material infortnation)in connectIon wi4h
<br /> the loan evidenced by the Note, including, but not limited to, representations concerning Botrower's occupancy of the
<br /> . ,• pr�.,eny :�s;��rinci�al residencc. If this Sccurity Instrument is on u Icaschold,Borrower shall comply with all thc provisions
<br /> of thc Icasc. If Borrow•cr acquires fee title to the Property.thc Icaschold snd the fee titte shau not merge unicss Lender agrees
<br /> to the mergcr in writing.
<br /> .. 7. Protectlan oP LQnder's Rights in the Property. If Borrowcr fails to perform the covenunts und agrecments
<br /> � contained in this Security Instrument, or there is u Iegal procceding that may significandy affect Lender ti rights in tite
<br /> ('roFxdy truch as n praeeding in bankruptcy,probate,for cnndemnatian or fc�rfeiture nr ta enfarcc lawti or reguli�tions),then
<br /> Lendcr mciy do nnd pay fur whatcvcr is ncccssury to pruta:t thc vnluc of thc Praperty nnd Lcndcr's rights in thc Property.
<br /> Lcn:lcr+ :utions muy iucludc paying any sums sccurcd by n licn which hns priority i�vcr this Sccurity lnstrumcnt,up�x:uring
<br /> in a�un, pnyinH rcasannble uttorncys'fees und rntcring on nc�Pra�perry tu mnkc rcpairs. Although Lcnder►nuy u�ke uction �_
<br /> undcr lhiti paragrnph 7,Lendcr docs not havc to do so.
<br /> Any amounts disbursed by Lender under this pamgr�ph 1 shall becumc additional debt of Aarcower secured by this ��-
<br /> ' Securiry Inytrununt. Unletis Borrnwer and Lcndcr ngrec ta othcr tcrnis of paymcnt,ihesc umounts shall bc,v interest from the
<br /> dute of disbursement at thc Notc rate and tihall bc payablc, with interest,upon nuticc from Lender to Bonuwcr requesting �,;�_�-
<br /> , payment. �i3`
<br /> B. M1lortgu�e Insurnnce. If Lender reyuired mortgnge insurmce as a rondition uf making the loan secured by this '�=�
<br /> ' Security Instrument, Bonower shall pay the premiums reyuired to maintain the monga�e insurance in effect. If,for any �-_�
<br /> . reason, thc mortgagc insuruncc covcragc requimd by Lcndcr I:�pscs or ccascs to bc in effect, Borrower shall pay the �--T
<br /> pmmiums reyuired to obtain coveragc substantially equivalent to the mortgage insurance previously in effect, at u cast �_::`
<br /> substantially eyuivalent to the cost to Borrower of thc mortbagc insurancc previausly in cffect,from an nitemate mortgege ,�xt.
<br /> insurer aQprovcd by Lendcr. tf substunti�lly equivalent mongage insurancc covcrage is not available,Boaowcr sh:ill pay to -
<br /> Lender each month a sum cyual to anc-twclfth of thc ycarly mortgagc insurance premium being paid by Borrower when the --
<br /> insurance coverage lapsed or ceased to be in effect. Lcnder wi II arcept,use and retnin these payments as a loss reserve in lieu
<br /> • of mort�agc insurancc. Los,reservc payments muy no longcn c�requircd,at the option of Lender, if mortgage insurance .
<br /> � , covcroge (in the amount and for the period that Lender reyuires)provided by an insurer approvcd by Lender again becomes
<br /> P svailab!e and is obtained.Bomower shall p:ry thc premiums required to maintain mongagc insurance in effect,or to providc a
<br /> ,'. � loss rcserve,until the requirement for mortgage in�uranre ends in accordance with any written agreement Ixtween Borrower
<br /> " �. and Lcndcr or applicable law.
<br /> 9. Inspectton. Lender or its agent may makc rcasonablc entrics upon and inspections of thc Property. Lendcr shall
<br /> �ive Aorrower notice at the time of or prior to un inspection specifying reasonable cause for chc inspection.
<br /> t l0. Condemnation. The proceeds of any award or claim for damagcs,direct or conseyucntial,in connection with any
<br /> Sinylc Family--�onnle MadNYcddtc Mnc UNIFORM IN57'NUMGNT-•Unifomi Covcn:m�x 9/90 fp��ge.i nf6 pugr.�1
<br />� � Grcnt Ic1ca Bueln•ss I'o�me.Inc�
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