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<br /> " , , . . . periods that Lender zequims:The insumnce caaier providing the insuraace shall be chosen by Holrower snbject w I.enderts
<br /> ' � appmval whis6 shall nat be unrrasonably withhcid: If�ormwe�fails ta mainusin caverdge described a6ove,Lendes may.aa, .
<br /> �- ° "�` � L.Q[1des�option.obL31a¢ovemge tts pL4Leet Ixridet's ri,�,hu in tt�Fmperty in accqrd���P��Ph?.
<br /> � . � . ' pU u�sur�ce policies sad nenewals sT�alt be acceptable w Lender and shall inciude a standar�martgsge clause. Leader , , -
<br /> �, :•::
<br /> � � • � . shall trave[he right to huld the policies and renearals. If i.ender requires.�orcower sha11 prompSy give to Leader all reteipu
<br /> ' �:•. { , of paid premi�uns aad reaewal uotices. In the event of loss,Bosower st�all give prompt aodce to the insurance carri�r aad •
<br /> � � : � . i.ender. Lender may make Qroof of toss if not made prompdy by Boaower. . _
<br /> �. .� , . � � . Unless i.ender and Botrower oth$za+ise agee in atiting,u�rrance proceeds sfiall be applied to restoration or repair of .
<br />_;: ` � the Pmperty damaged. if the e+estora�on a�r cepair is economicalty feasi�ple and Lender+s secarity is not �esseFie�. If the -
<br /> _ . restoration or repair is not ecanomic�lly feasibie or Lendcr�s security would 6e lesseaed.the insuraace proceeds shall 6e .
<br />- : ' y' , apPlied to the sums�ed by tlris SecuriRy Instrument,whether or aot then dne.with aay eacess paid to Borrower. If
<br />-_ • Borrower abandons the Property.or do�s dot answer within 34 days a ttotice from L.ende�thaI the iasurartce r�rie*has
<br />-_ � � offered w settle a claim,then Lender may collect the insinaace pmceeds- I.�nder may us$the gmcxeds to repair or teswre
<br /> - • .. � ~"�. <� the Property or to pay sums sec�ued by this Secwity Instmment,wðer or not tfien due. T�e 3Q-day pedad arill 6e�in whea
<br />- �` . , tte�nodce is given. � '
<br />- � lTnless Lender aad Borrawer ot�erwise agree in writing,any�{��tion of pruceeds to principal shall nos eatend c+r
<br /> _ � •-� : � postpone the d¢e date of ihe monthly payments refemed tu in parag-'�-'��1 anr!2 or chaage tl�e amount of the payments. If _
<br /> -- " ',5, • under paragraph 21 the Pco is s��.eader.Bonuwer's righi t��.y���1��T�es and groceeds ms�lting:�:�
<br />_ .Fr!:f`; ; • fmm damage to the Proge�g�priar w��y sfaail pass W Lender to��=�'of the s�ns s..-cas�d��i�is Security , --
<br /> �.,
<br /> '���}� ° ` Instrument immediately prdar to the ac�T�cs�. . • :. , -
<br />-.�`.. ,�;��r'�f�,�'� ', ` ,i 6. Or,�ancq, PresPtvation, A���aace and �rutec�a of the �pertp; Bos�.a�'s Lvan �ppliqtFus� �
<br />=;;`; �:7.,F %:•:� � , �;�{ I.easeholds. Barrower shall occupy,esta'��sh:and use the Pro�erty as Borrowerg principal resid,.�ce within siaty clays aftea -
<br />;i�.:-�::t`;��-:�:'"-�'�''__�:'' .. .c�:..exec�tion of.this.$ecurity.instrument aa@ shaU oontinue to occupy the Property as Boaowers"PrinciPal residence for at ,
<br />_ �r�.���?>.�..•. • -
<br />- .,;,;. . , r � Ieast one year aft� the date of accupancy, unless T.en�er�otliei�vise agbees in writir b; which��wnsent shall�not 6e . _.
<br /> �-�:�' ' � � unreasonably withheld.or unless extenuating cireumstances eaist which are beyond Borrawer's conuol. Borrower shall•not �
<br /> '. ' destroy,damage or impair the Property.allow the Pc+operty to deteriorate.or cotemit waste on the ProE;erty. Borrower shaU --
<br /> - � � � �. � be in defauIt if any forfeiture actian or prace�ding.whether civil or es►minai,is b�gun that in Leader's gaod faitb judgment -
<br />-�_•� could�esult in forfeitnre of the Propertyr ar othemise materially impair ihe lien created by this Securiry Instr�nent or ' �J�
<br /> � - � Lender's security interest �orrower may cure such a deiault and reinstate.as provided in puragraph 18.by causing the actioa �;.;-
<br />_ . � � %� ' or proceeding to be d'esmissed with a rulins that,in Lender's good fa9th dete�rnination,precludes forfeiture of the Borrower's �'
<br /> . . interest in tfie Pcaperty+as other material impairment of the lien created by this Secuntj� Instrument or Lender?�sesurity �s;;�;��
<br />- ' � interes� Borrower shall.also 6e in def�ult if Horrower. during the loan applicatian process.gave materially false or �_=�—
<br /> - � --� -•f..-��.-��= inaccumte information or statements to Lender tor fuiied to provide Lender with any materia!infartnation)in connection with. _°
<br /> � . • the 4a�n evidenced 6y the Note. including. but not limited to, representations canceming Roaower?s accupancy of the ���.�--
<br />° � . � ' ' Properry as a principa!residence. If this Security Instru+nent is on a Ieasehold.�orrower shall comply with all the pmvisions ��
<br /> . � � of the lease. If Borrower acquires fee title to the Propeny.the leasehold and the fee title shail not mer�e unless l.ender agre�s ,�
<br />- � to the merger in writing. ``�`
<br />_- • ` 7. Protecttoa ot l.ender's Rigbis in the Property. Ii Borrower fails to perfom�the covenants and agreemenu .
<br />= . • contained in this Security [nstrumen�or there is a legal p r o c e.e ding tiiat may significandy affect Lender's righu in the = ,� ',�:�
<br /> ' ' ' ." Pcnperty(such as a praceeding in bankruptcy,probate.for condemnation or forfeiture or to enforce laws or regulations).then � -+
<br />_t . . . l.ender may do and pay for whatever is necessary to pmtect the value of the Property an8 Lender's rights in the Pcoperty. .�, •
<br />- . l.ender's aciions may include paying any sums secured by a lien which has priority over this Security lnstrumen�appearing . =�t �•.:
<br />- � in court,paying reasonable attomeys'fees and entering oo the Property to make repairs.Although Lender may take action
<br /> � � . under this paragraph 7,Lender does not have to do so. •: ' ::-.
<br />~ • -' My amounts disbussed by Lender under this pTragrnph 7 shall become addiuonal debt of Boaawer secured by this �.,• ��,w^.0
<br />_ � � •�` Security lnstrument. Unless Borrower and Lender agree to other terms of payment.these amounss s'hall bear interest from dts �
<br /> �. . , _, . �.
<br /> . date of disbarsement at the Note rate and shall be payable.with interest,upon nouce from Lender to Boaower c�yuesti_3 •, ����� ��•..
<br /> 4 . -. - . payment. ' ',.�;' �
<br /> 8. !�Ec�ge Insurarsce. if Lender required mortgage insurance tu a condition of making the loan secured by tD.is t
<br /> � � Security [rs'�amen�Borrower shall pay the premiums required to maintain the mortgage ins�rartce in effecL If.for any . ��-
<br /> • � ' � .. reason, the r.:ortgage insurance co�e:.�e requicecl by l.ender l��s or ceases to be in eff�.,x, Borrower shall pay the � �'- ".
<br />=�...' ' � ' , premiums required to obtain coverage substantially equivalent to the mortgage insurance p:�.�iously in effect. at a cost . '.`•;'�' ,,
<br /> : �,..�- ,
<br />-�; " • substantialty equivatent c�ahe cost to Borrower of the mongage insurance previa::�1y in effecc,from an altemate mortgage � ,,�;�
<br /> � � insuter approved by l.ez�.�r. If substantially equivalent mortgage insurance cov�.�e is not available.Barrower shall pay to -�.; ":'`� .`�r
<br />� � � �� � l.ender each month a sum equal to ons-twelfth of the ye�uly mortgage insura,�ce premium being patd by Borrower when the . • ,,
<br /> i� � insurance coverage(apsed or ceased to6e in effect. l.ender will accept,use�.d retain these payments as a loss reserve in lieu • _:;.{;,�� ••
<br />:r . '��,� ' � . of mongage insurance. Loss resen+e payments may no tonger be reqmr�.d,at the option of Lender,if mortgage insurance . .
<br /> _ ' +,�� �•� ' . coverage(in the amaant and for the penod that Lcnder requires)provided by an insurer approved by Lender again becomes �','"� �
<br /> _. ,,:..
<br /> � - available and is obtained.Borrower shaQ pay the premiums required to maintain mortgage insurance in effect,or to provide a
<br /> .� � • loss reserve,until the requitement for mortgage insurance ends in accordance with any writtcn agreement between Borrower . �
<br /> _�. �' � ' . � and Lender or applicable law. . .�
<br /> i�. • 9 inspection. Lcnder ar i�s agent may make reasonable entrics upon and inspections af the Propeny. Lcnder shali
<br />=a �• � give Boaower nouce at the time of vr prior to an inspection speciiying rcasonable cause for the inspection. '
<br /> �i , • •
<br />_�• ..� 10 Condemnation. The proceeds of any award or claim for damages.direct ar consequential,in connect�on with any
<br /> ��= � . ,. Single Family••Fannle MaciFrcQGie Mac UNIFbRM IN57'RUMENT�-Uniform Coren:uu9 9l90 Ipu�e 3 ofa�«�e�� . •
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