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<br /> _�, , �:.�'� . perinds that[.ender requires. Ttte insu�aaoe ccirrter pa�ividing the inst�caaoe shall Be dtoses�by�osmwes svbject W Lender� -;;_`� �� ���`,
<br /> � � ;_,`°,, . �.. apprnval w�icb shaU not b��mreasonaWy wishheld. tf Borro�rer faits to maintain coverage descril�d above.Lende�mayt at ••-� �..,�-; _
<br /> �< � Lender's opdaa,obtain caverage to pratect Leader's rights in the Ftaperty in acoordance with paragrap8 7. � _'�••�;<:�{-=`�t��-�:;�"
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<br /> '-� • '` ' • r:�. < � • All insurance poiicies and renewats s6a1!6z acceptable w Lender and shaU inctade a standsud mortgage clause. l ender .�j;; �� �
<br /> � � ;, � shall have the dgh2 to hotd the policies�d�wals. If Leader requenes,Bormwer shall pmmptly give tv lxnder�Il reseipts `�:
<br /> _ .`: , of p�id premimns end aenewal notices. In the event of toss,Bomrw�r shalI give pmmpt noflce to ths tnsurance ca�siet 3itd � �' ��-
<br /> , ` � . I.end'er. Lersder tr�ay make proof of tass if not madc P�P�Y bY Hom�v�reer. 'ti 4�= --
<br /> ,.:� Untess Lender aad Bmmwer otherwise a g pmceeds shsll be agpiied co mstoratton ar repair of S w�t�_
<br /> . gree iu writirt .insurance � z��,r �_-
<br /> , � ' t�e PraFernl damaged,if the restoration or repa�is eoonomically feasi'ble aad Leader�s security is not lessened.• If the .`� ,�"•t`?
<br /> - restora6on or repair is aai ssnIIOmically feas�le'os Len�s�security�voutd!�le�eed,the i+�+���shai�ts,. . ���r `_�
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<br /> � applied to the sums secnsed by Uas Securiry I�stcumem.wheiher ar not then due,with any eaccess paid to 8otsower. If .��„�� -
<br /> . , , B�rrawer abandans the Prapetry,or daes not answer within 30 days a notice from i.ender that the insurance c�rrier has �__� =- __ '
<br />:�`: . �� , offeeed to settle a claim,then I.ender may coltect the insurance proceeds. Lender may use the pmceeds to re�air os mstore `=°=_�=_--�—--
<br /> . � -- -�, , the Property or to pay sums secured by tttis Secu�ty rnc�n,.,tp�whether or not then dae. The 34day period vdll begin when ��-�---�.-��`
<br /> ;� - thenotice isgiven. ---_
<br /> _ ' `. .: Untess i.eader and Borrower otherwise agc+ee m tyriting,any appliearion of gr�eeds to principal shall not ext�nd or -�-
<br /> =- ���<��. . .. � postpauie the due date of the monthly payments refecied to in pa�agraphs 1 and 2 or c6ange the amown of the payments. If "" -
<br /> �'�;'��:'�� �` .�° < under paragrapb 21 the Proge�ty is acquired by Lender,Bwmwer�right w any insurance policies aad�proceeds resultin$ -
<br /> ' fram damage to tfle P[operty prior to the acquisitiun shaU pass to I.euder to the exteat of the sams sec�d isy this Secority . __ - -
<br /> -�`f` . , .. � . Instrument imffiediasely psior w the acgtrisition. ' e_-
<br /> `; :. 6 Occapaasp, Pres�rvatioa, Madntenaa�e and �on of the PraPesty, Borro�er's Laan Application; —
<br /> �' N• _-_- . Lgasettotds. Bocrower shall occupy,establis6,and use the Fre�ersy as Bcr;ower's principai residence witGin sixty�ays after ---
<br /> .. the execation of this Serwity Instrinnent aad shall conrinue'to occupy the pioperiy as Bomfwer�priucipat residence fot at • -
<br /> r.�;•• : � teast one year after the daie of ocenpaucy, unless I.ea�dea otherwise ag�+ees in writing> which.consent shaIl not be � .
<br /> .. �: • • u�easnaably withheW,or anless extenuating circumstances exist wluch ate beyond Bortawer's control. $aimwer shalt aot �
<br /> • r ` . � ° destro . or air fhe altow the Pro • -�
<br /> .:.:,.•.�'_.�.,�;�,.°`� Y � �P ���Y, peny ur deteriorate,or commit waste on the Ptmsperty. Bormwer shall
<br /> .� j, - -- 6e in defa�lt if any forfeiture�c�nn or procceding,whether civil or criminal,is begun t3iat in Lendes's gaod faith judgra�ent -
<br />' -.r�- ,,:. � could result in farfeiture of the Avperty or otherwise materially impair We lien created by this Sec�uiry instasunent ar .-
<br />- • Lender�security interesG Borrower may cure such a defaulE and zeinstate,as provided in par�graph I8,fry causing��action
<br /> 'y or praceeding to be dismissed wit�h a ruGng that,in Lender's good faith detecmination,precfades forfeiture of the�a�vwer�
<br /> ,. , " ,, interest in the Property or other material impaument of the lien created by this Security Instnmient os I.eader's s�ecurity' � —
<br /> � � � , ' intecest Bom�wer shati also be in default if Borrower. during the loan aP3sslicaaers pracess. gave materially�ats� or '��
<br /> • � „ inaccunate infomiation or seatements to I.ender(or failed tagmvide Lender with any m�l information)in connectiun with . ��``y'�
<br /> � ' the loan evidenced by the Note,iccclading,but not limieer�i fo, representations caw*s�g Bariuwer's occapaacy of the
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<br /> .'. ' Property as a grincipal residence. If ehis Securiry Instrvmear is on a IeasehoId.Borras�c�shall camgiy with all the provisions — —
<br /> ' , of the lease. df Borrower acquires fee tide to the Praperty.d::lcasehntd and the fee tisle shall noi merge unless Lender a�e�s -
<br /> , � to thc merger in wdting. • . . �_
<br /> • 7. Pretectlon of I.ender's Rigdts tn the Pcopertr: La Horrower fails to�rn:,im the covenants and agce�,�menu .��
<br /> ' � contac�ed in this Security Instn*.enen�or there is a legal �Se�a�ding thut may si�a�tly affect'Lender's rigL.� in the •
<br />� � • . Prnp�ty(such as a proceeding in bankiuptcy,probate.for condemnadon ar forfeitwe a3�m enforce laws or reguiatiqns),then `:�.,�,:
<br /> � . Ixnder may do aad pay for whatever is necessary to protect the value of the Property and Lender's reghu in the Pcoperry.
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<br />- . L.ender's actions may mclude paying any sums secured by a lien which has priority over this Security Instrument,appearing ';���.."
<br /> . . � ' in wurt,paying reasa^ab2e attomeys fees and entering on the Property to make repaus.Although Lender may take action .
<br /> . , under this parsgraph�.T.er.der does not have to do so. '�; : .
<br /> ' Any amounis disbutsed by LertQer under this paragraph 7 shall 6ecome additional debt of�Borrower secnred by this "�`:• `
<br /> , � �� Security[nstrument Unless Borrower and Lender agree to ather terms of payment.these amaants shall6ear interest from the .�._.
<br />_ • _ • date of disbursement at the Note tate and shal)be payable.with interes�upon naflce 6rom Lender to Borrower reqaesting . y ,.��
<br /> - . • ,. paymenL �a
<br /> �°: ' � $. Mortgage Iasurance. If Lender requlned mortguge insurance as a condidon of making the loan secured tiy this '
<br /> ,, '1{:;:' Secwity Insdumen�Boisower s[z:,3b pay the premiums r�air�to maintain the moa a e insurance in effect. If.CWe an _-:��
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<br /> ,, s}'>4•.�• �_the mort e insurance cvvera e r uired b L�xz�er la ses ur ceases to be ,n effect, Bomawer shall pe� the .-, ?�7�,
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<br /> ;. . �' �� pre:::�ms required to obiain coverage subst�dally equi�:�:�1 to the mortgage insurance previously in effect, at a wst . ��
<br /> . substantially equiva1ent to the cost to Borrower of the morc��e insurance previoutly in effect,from an altemate mortgage �•• �-. �=
<br /> � . , . . , insurer appmved h-�Lender. lf substanually equivalent mortgage insurance wverage is not availabie.Borrower shall pay to • , �_ � ,�Z=
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<br /> ` Lender each rtconth a siun equal to one-twelfth of the yearly cr,ortgage insurance premium being paid by Borrower when the '�-�;�„���• .����=R,
<br /> ���..� �'� insurance coverage tapsed or ceased to be in effect. Lender�eiTl accep�use and retain these payments as a loss reserve in lieu . � . `=-t-
<br /> of mort a e insurance. Loss reserve a ents ma no to-�:r be r uired,at the o t�on of Lender.if mort a e insurance � ;'-`
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<br /> • • . wverage(in the.amour.t a^d for the period that l.ender re�i;es)provided by an insumr approved by E�der agaln becomes •� °
<br />- - • . • availabte and is obtz5�r.3��rrower shall pay ttt��remiums required ro maintain mortgage insurance in e�5fect,or to provide a ,- '
<br /> ioss reserve.until tine u�rernent for mort Trsurance ends in accordance with an written a � � ' ���'�
<br /> ,'- Y �. _ and Lend�er or appl�cabte law. ��� Y grecment between Borrower , � �r
<br />;;; 4 9. Inspectton. Lender oQ ixs ugent may make�cr�,,;.G�e entries upon and inspections of the Property. L,endi�shall �*' .' '3
<br /> • give L�prower noGce at the 6me oc or prior to an ins�sedien��ecifying reasonab2e cause for the iarspection. � . � � •
<br /> . COi. Condemnatfoa. The praceeds of any award as c_aim for damages,direct or consequenti�,in connection with any • ,ii
<br />.*-.ti�' � � � Singie Family--Nanpte M�Freddtx Mac U�IIFd1tM INS71tU:4IL�lY7'-llnifortn Cavenants 9l9p fpagt 3 oj6 yages► • . �
<br /> ; � '. . . G1r�1�ete na�v�4�� . '
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