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<br /> ' periods that Lendcr requens. Thc insurance carricr providing thc insurancc shall bc chosen by Bon•owcr subject to Lcnder� �
<br /> ; upproval which shull not bc unrcu�onably withhcld. If Bonowcr fuils to maintain covcragc dcscritx:J abovc,Lcndc�may,ut
<br /> -" Lender ti option,obtain coversge to protect Lender's rights in the Propeny in nccordunce with paragrnph 7.
<br /> , � All insurance pnliCi�S nnd renewnls sh�tll tx��cccptablc to I.ender and shull includc a standard murtgagc cl�use. Lendcr
<br /> shnll havc thc right to hold ihe policics and renewals. If Lcnder rcyuires,Borrower shull promptly give to Lender ull rcceipts
<br /> � of paid premiums und rencwal noticcs. In thc evcnt of loss,Borrower shall givc prompt notice[o the insurance cuRicr and
<br /> ' Lcndcr. Lendcr may mukc proof of loss if not made promptly by litorrowcr. ��
<br /> ' Unless Lender and Horrower othenvise ugrec in writing,insurance proceeds ci�ull be applied to restoration or rcpair of
<br /> the Property damaged, if the restomtion or repair is economicully feasiblc and Lender s security FS not Iessened. If thc �
<br /> restoration or repair is not economically fcasible or Lender's• security would 6e lessened,the intiurance procceds shall be
<br /> applicd to the sums secured by this Security [nstrument, whether or not then due, with any excess pnid to Borrower. If
<br /> ° Borrower abandons the Property, or does not answer within 30 days a notice from Lender thnt the insurance carrier h�►.s `
<br /> � offered to settle a claim, then Lender may collect the insurance procecds. Lender mny usc the proceeds to repair or restore `
<br /> the Property or to pay sums secured by this Securiry Instrument,whether or not then due. The 30-day period will begin when �;�,'
<br /> = thc notice is givcn.
<br /> '•
<br /> Unless Lendcr and Barrawer otherwisc agree in writing,any application of proceeds to principal shall not extcnd or ''_�;�.
<br /> ' " postpane thc due date of the rnonthly puyments referted to in paragraphs I and 2 or change the amount of the paymcn�s. If �''°"
<br /> " under �+ra ra h 21 the Pro en is ac uired b Lender, Borrowerl ri ht to an insurance olicies and roceeds resultin `�"
<br /> p� � P P Y 9 Y S Y P P � _:_:
<br /> ' trom damage to thc Propeny prior ro the acyuisition shall pass tu Lend�r tu the e�tent of thc sums,ccurcd by this Sccu�ity —__
<br /> Instrument immediately prior ro the acquisition. �``'`-
<br /> ' 6. Occupancy, Preservetion, Maintenunce and Protection of the Property; Borrower's Loan Appltcutton;
<br /> Leuseholds. Borrower shall occup}�,etitablish,and use the Property as Borrower's prinr.ipal residence within sixty days after �;'_
<br /> - the execution of this Security Instrumen[and shull continue ta accupy the Propeny as Borcower's principal residence for at
<br /> least one year after ihe datc of octupancy, unless Lender othcrwise ugrces in writing, which consent shall not be =
<br /> • " unreusonably witl�held,or unless extenuuting circuinstAnces exist which are beyond Borrower's control. Borrower shall not =
<br /> �• • destroy,dumagc or impair ihe Property,allow thc Property to deteriorate,or commit wustc on the Property. Borcower sltall
<br />•�' • bc in default if any forfeiture action or procceding, whciher civil or criminal, is begun that in Lender's good faith judgment
<br /> „ , could result in forfeiture of ihe Propeny or otherwise materially impair the lien created by this Security Inswment or
<br /> � Lender's cecurity interest. Bortower may cure such adefault and reinstate,as provided in paragraph 18,by causin�the uction
<br /> or proceeding to be dismissed wi[h a ruling thut,in l.ender's gooci faith deterrr►inution,precludes forfeiture of the Horrower's �
<br /> intcrc:st in thc Properry or other material impairment of the licn cmuted by this Security Instrument or L.endcr's• security
<br /> interest. Borrower shall also be in default if Borrower, during the lo.tn application process, gave materially fnise or
<br /> inaccurate information or statements to Lender(or failed co provide Lender with any material information)in connection with
<br /> the lo:m evideneed by the Note, including, but no� limited to, repre�entations conceming Borrower's• occupancy of the
<br /> Property us a principal residence. If this Security Insirument is on a leasehold.Borrower shall comply with all the provisions --
<br /> of the lense. If Borrower ac4uires fce titic to the Property,thc Icasehold and the fee titic shall not mcrge unless Lender agrees
<br />_ to the mergcr in writing. —
<br /> 7. Protection of I.ender's Rights in the Property. If Borrower fails [o perform thc cov�nants nnd agreements
<br /> �.��. � contained in this Security Instrument, or there is a le.gul proceeding that may signi�cantly affect Lenders eights in the
<br /> „ Property(such as a proceeding in b�nkruptcy,probate, for condemnation or forteiture or to enforce laws or regulations),then _
<br /> , Lender may do and pay for wh3tever is necessury to protect the value of the Property and Lendcr s rights in the Property. --
<br /> • Lenders actions may include pa,ying any sums securcd by a lien which has priority over this Securiry Instrument,appettring -_
<br /> � in court,paying rcasonable aaurncys'fccs und entering on thc P�npeny to makc repairs. Although Lender may take action �
<br /> � � under this paragruph 7,Lender does not have to do so. _--
<br /> Any amoimts disbuned by Lender under this pan�raph 7 shall become addi4ional debt of Borrower secured by this _
<br /> Sccurity Instrument. Unless Borrowcr and Lendcr agrec to other temis of payment,these amount5 shu[I bear interest from die r'
<br /> � date of disbunement at thc Nole ratc and shall bc payablc, with intemst, upon noticc from Lender to Borrower requesting �'
<br /> Nayment. �J�
<br /> - 8. Mortgage I�sumnce. If Lender reyuired mortgage insurance ns a condition of making the loan secured by this ,i�t-
<br /> � � Securuy Instrument, Borrower sh�ll pay the premiums reyuired to muints►in the mortgage insurance in effect. If, for any '-'?��
<br /> • reason, the mortgage insurance coveragc rcyuircd by Lender lapses or ceases to be in effect, Borrower shall pay the �-.-
<br /> ., premiums requircd to obtain coverage substantially eyuivalent to the mortgage insur.uue pmviously in effect, at a cost �''�'
<br /> Q.-,.,
<br /> ' substantially eyuivalent to ihe cost to Borrower of the mortgage insurancc prcviously in effect,from an alternate morisa�e @�"
<br /> , . insurer approved by Lender. I(substnntially cyuivalent mortguge insurance coverx�e is not uvailable,Borrower shull pay to ��;
<br /> Lender each month a sum cyual to one-twelfth of thc yearly mortgagc insurancc premium being paid by Bormwer when the ;ti_.
<br /> inturance coverage lapsed or ceased to be in effect. Lender will uccept,use and retain these paymenGS us a loss reserve in lieu
<br /> of mortgage insurancc. Loss rctierve payments ms} no longer be reyuired,at the option of Lendcr, if mortgage insurance -
<br /> � , • coverage(in the amount :uHi for [he period thm Lcnder reyuires)provided by an intiurer appr��ved by Lender again becomes
<br /> availuble and is obtuincd.Bonowcr sliall pay the premiums reyuircd to maintain mortgage insur.�nce in effcct,or to provide a
<br /> loss reserve,until the reyuirement for mortgage insurance ends in accordance with any written agreemerrt between Borro�ver
<br /> ,;� nnd Lender or applicable law. •
<br /> 9. Inspection. Lend�:ror iIs agcnt may m�Ecc reasonable entrics upon :utd inspections of thc Propeny. Lendcr shall ��
<br /> givc Borcower noticc ar the t imc of or prior ro an inspection specifying rcasonnblc causc for thc inspection,
<br /> 10. Condemnntfon.The proceeds of any award or rlaim for damages,direct or conseyuential,in connection with any
<br /> � Sngk Fanuly•-Fannfc Mae/FYcddle M1tuc liS7FOR�1 INti TRU�it:NT-•Unifumi Cuvcnants 9190 (p�rxr 3 nlG/�OACS)
<br /> f,�C:lt U.kCJ 6USIOC:7 Fttm7.In[.e
<br /> . To Qrdrr Cnll.1-0OP53PD993 O PAX fif6701d 191
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