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<br /> ' . , peiiads th�t Lendes requi�s. 'Ihe insei�ce c�urier pmviding the insucance s1�1t be c�ussm by Bamu:res sablect tca tes�a� . —
<br /> y.. ' .. . .�graval which shall not bs utut�.sanably witbheld. If�or�ower fails w maintaitt cov�ersge d�t�ed n�ave.i.e�der tr��.at . _—
<br /> °,, • . - ;,_ ' Leadet�s aption.obuun covecag�to protect I.ender�s riglus ia the Pto�rty ig accord�ns�wic9�pa�u�h 7. ' . --
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<br /> • ' . . All insuiance{tolicies e�d�+enewals shall be ut�eptadle w E:ercdxr aad sh�dl ia+�lu�e a st�d trtartgags ciause. tcndss y
<br /> �; , . . � shall t�ve the sight w ttotd the policies attd esaewals. [f Lend2r rtqui�es.Ba:rower ah�ll prom�tly$ive co Lesdca aU reseipts , ;_
<br /> `, of paid premiums and�enewut nodces. In the event of iass.Borta�ver shall give pmmpt uuttce cu the insurance sarcier aad .
<br /> � � Leader. [.ender cnay make pranf of[oss if not made pmmptiy try 8orrawer. ` -
<br /> . Unl�Leadec and Bonvwer athetwise ogrge in writing.ia�ur�nse Qroaeds shal�be a�►litd t�a r�storation ar iepair af _ �;�
<br /> ' ` . the Pnope�;daataged. i�the restamtian oY etp�ir is econemitxJ�p f�ibie acM.Len�er's recunity is noi le�ser.eil.�If tha ,
<br /> ... - - . — �rsmiatiaa or rep�ir is�at ecaaomically feasib�os l.er.d��€�usity riassld�e lsss�sd,t�i�u�:a^�e pa�aet�s shall be �__
<br /> ,, ' a g p l i e d t o c h e s u m s s e c u r e d i�p t h i s S e c u r i t y I n smim�a r.wheth�s or nac then due,carith any excess p�id to 9+arrnwar. If �
<br /> . . .. " ' . � �Borrawer ahaudorts the Ptuperry.or daes aot tusswer within 30 days a aotice fro� Lender tiult ette nc�uranse�ier h�s
<br /> - • . • ' �} offered to senle a rlaim�then Lenda may colIect the insvrance p:nazeds. L.eades may us°.th�Fmc�ds tu aep�r os r�sture , .
<br /> . .. •` � tRe Roperty or to pay sums secured by this Securiey'Instn�ment,whether ar not then due.Tha 3Q�day petiod w�l begin wReu .
<br /> . . the natice is gaven. ;
<br /> � ` Uniess Leader aaA Borpnwer oti�vise agrez ia writis�g.any apptication o€proceeds to principa!shatt aot extead ar �
<br /> . ` . '''' : Post�ae Hte dtte date of the raonthly paytaents refened to in parantaphs I attd 2 or citange the amount af the payrrtettts..IP . , .
<br /> " .. uadec paragr3ph 31 the Propetry is acquiaed by Leader.Botrower's right ta any iasnsanoe�liries aad pmce�ds resuWng, " .
<br /> ' , • � ', from daanage to tfte Propetty paor m the a�9aisidon shall pass to L.eadet to the extent of,the sums se�r�:by th�5ecuriay . '
<br /> . ; Insuvmeat iminedisteIy prior co theacquisition. • . �:
<br /> � . . 6. �tpnnzY. Pr�r�aatto�. M�3ntenance and Pnate�on of We Pr�nperty: BorrawFr's Laaa Appl3ratioa3 �—
<br /> " . . . . � • Leasehoids. Bormwer sbaU o c c u p y.esta6lish.and use tAe Ptoperry as Bomower's pnncipal residetcce withir►sixty da�ys aftez
<br /> . . • . • ' the execution of this Securiry tason�ment and shall coatinue ro accupy the Ptopertp as Baaosaar's�Sriasipal r.sidc�e far ai
<br /> � lcast one year after the date of acwpaacy,.untess Lender ot�env�se agees i� writing. whIch cansent sI�ail na 6e
<br /> . ` ' , - . nnieawnabiy withhetd.ar unless extenuawzg cuc�stanses eaist which ace beyand Boirower�s coutsol. Borrawer shalt not
<br /> ' , destroy.damag�or impair the Pttspercy.allaw the Fropetty to deteriorate.or cammit waste oa the Property Bartawet sha11 .
<br /> ,- �' ---- - -• - (�in defaule if any forfeiUue acrian or pmceeding;whethxrcivil ur c�N.is began diat i�Leader�s guod f�it6ludgm�at
<br /> .�.' ' •` coWd resuit in forfeinae of the Property or othr.rwise mate�iall,y impair the lien cteated by this S�rity Iasaument or .
<br /> , .� ' � . Lender's securiry imUetesL Bosower may cuie such a defautt aad reinstate.as provided in paiagraph!�,by c�usmg dcG 3ction.
<br /> uT pmceeding co tse dismissed�vith a rulsng tha�in I.ender's gaod faitu ileteimination.pcecludes forfeiaue of the Borrawer's •
<br /> " . .: . intcrest in We Propeny or ather material impaircaent of the lien created by this S�uriry Instrorrc�at or Lender's secutity.
<br /> � -�- . • iateresc- Borroarer shall also be in defauIc iF Borrawer. dtuinS the loan applica�on pracess, gave matedally faLse or
<br /> • ` , inaccurate information ar st�tements to Lender(or failed to provide Lender arith any raaterial inform�mon)in corsnectian arith - �._
<br />-� ' ' � .� . the loaa evidenced by the l�te, including, but not limited to. cepresentations conceming Bortawe�s occu�ancy o£tha
<br /> - � , ' Ptopeny as a principal resicMncr. If this Securiry Insuvmeat is on a leasehold.Bolmwer shall cumpdy with nll the provisions
<br /> _ �. . of the lease. If Borrower acquis�es fee uG'e co the Pcope�ty,the leaseho!d and the fee 6de shall not me:ge unless Lertder agcees . �
<br /> , . ' �, w the merger in writing. ' �=_:-
<br /> , .� ,.`;,�4• 7. Protectioa of Leader's Ettg6ts in the Property. ig Borrower fa7s to�sezfoan the o3venants and ag�ements
<br /> - ' • �'����. conrained in this Security Instnunen� or there is a legat praceeding that may s�'r.�isandy afftct Lender's rights in the ��;..��
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<br /> .: �,.• ' . Ptaperty tsuch as a proceeding in bankruptcy.probate.fc4 cond�mnadon as forfeitu(e•�to enforce taws or re�ilations),thea — _
<br /> ° • � � � Leader may do and pay for whatever is necessary to p.^�xct the value of the Propr�y and Lendec's righu in the Properry• _�_
<br /> � . ' � Lender's ac[ians may inclnde paying any sums secumd by a liea which has prloriryover this Security Insuumen�appearing , ___
<br /> • in court.paying reasonable attotneys'fees and eateriAg on the Prapeny to make repairs.Aithough Lender may take action _
<br /> ' � � under this paragraph 7.Lender does aot have to do sn. •:�r`-'
<br /> • .� � �, Any amounu disbuised by Lender under this paragraph 7 shalI become addidona!debt of Borrower securPd by this :;� = '�
<br /> • • � � Securiry Instrument. Untess Bonowet and Lender ag�ee to other tetms of payment,these amounts shall bear interzst from tlte ' =_-
<br /> -. ' •• date of disbursement at the Note rate and shall be payable.with inteces�upon nouce from Lender to Borrower requestutg ,�r; _��
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<br /> • • 8. Mortgage Insurance. If Lender required mortgage insurance as a condiaon of making the toan secured by this . Y � _
<br /> � Securiry L�spumen�Bormwer shall pay tite premiuras required to maintain the mortgage insur.�.�in effecG 1�for any •
<br /> . � � reason. the mortgage insurance coverage requi:ed b�r I.ender lapses or ceases ro be in effecx„ H+3sruwer shall pay the • ��� -��_�
<br /> ' � �� ' ' " preminras cequired to obtain coverage substandally e�,uivatrnt to the mongage insurance previously in etl�ecs. at a cost t);,�:..'-;'-�—�---.—
<br /> ..��r;�,";,,:.` . � substaz►rially eqoivatent to the cast to Borrower of the uu�gage insarance previousiy in effec�from an altezc:::e mortga�e . �-__
<br /> • , � insumr apptoved by Lender. If substanaally equivalent mortgFSge ics�rance coverage is not available.Botrower shall pay to �� .�'�- �__
<br /> ' ' ' Leader each month a sum equal to one-twelfth of the yearly mortg:��e insurance premium being paid by Horrower when the .:'�;� ;';=��._
<br /> • . , � ' '. inswance coverage tapsed or ceased to be in effect. Lender will accegc,use and reiain chese payments as a toss reserve in lieu � ,:•„ t,�_-
<br />_� � , ° of mortgage insurance. Loss reserve payments may no longer be required.at the option of Lender.if mortgars insasance . � •�'',�.
<br /> . . caverage(]n the amount and for the period that Lender mquires)provided by an insurer appmved by Lender z�sirz becomes ,R.
<br /> • • ' available and is obtained.Bonower shall pay the premiums required to maintau�mongage insurance in cffect.or�u.provide a � : r.�-.
<br /> ' . � loss reserve.nnW the reqauement for mortgage insurance ertds in accordance with any written ag�ement between Bomower � . , i
<br /> � � • , and Lender or appJicable law. : . • :
<br /> � , • � 9. Iaspectton. Lender or its agent may make neasonable entries upon and inspecrions af�r:Plropeny. 1.,ender shaU _
<br /> T give Borrower notice at the time of or prior to an inspecdon specifying reasonable cause for the in:�e.rion. � . S"�
<br /> • � •, .. � • . .. 10 Condemnatton. 'ihe pmceeds of any award or claim for damages.direct os consequenti:i.3n canne��y with any , . ,• �
<br /> _ ' Singla Famity—E�nk MudFlreddle Mae UNQ�ORM tNSTRUNENP—Unitmm Cat�,�.an 9J90 (pe.Re 3 ojb pagu) • . . . •
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