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<br /> -- ' . p�riads ttt2t L�snEer rsquit�s. '[tse��nsur�ce carrier�providing tke insurzn4�shaU be chosen tay'$cm�ow�r sub,�t to Lender's • .
<br /> — • • apprsval viht�3t shall caot te unieasou�biy withlttld. If�orrawerf�ils cb mal�►cain rov�ruge descd6�ci abava Lc�der may�at , .
<br /> , � �� � G:ader's QptFan,oa�i caverag�w pratect Lender'saights fn�he Property in aceo�dance.with�v�ph� � ' �
<br /> _ All iasuraacs go}i�ies mmd nn�ra�s sAall be acctptable to L�sn�es and s9�ll.irmlude a staralacd mortgagc cla�isc. �ndes
<br /> _ ` , shall have ttsc dgiu�tQ t�oid the po:Icies and r�newats. If Lender reyuues�Borrower shaD promp�lg�rivc to Lcnckr a11 recelpis �
<br /> . of paid p�iums and aenew�i dotIcas. Ia the ec�ent of tass.�orrower shail give prompi anrice to tHc�tisurancc carrier a�-�d � °
<br /> � Leader. l.eader fiay maYe proof af foss if aot'made�pmmptiy.by Brnmwer. . � ' .
<br /> , Uniess I.ender and Borrower othenvise agree in wdting,insurance protteds sha116e up�►lied to ressornticn or repair of
<br /> � tfta Pmpem'damaged, if the resturaticsn oi�pair is economicatty feasible aad Lenders secarity is not lesseR�ed. If tPts �
<br /> - c�estoratiion crr repair is not cconomicai3�fasible�s ixn�er's sec�uity wauld be lessened,the instuattce pr�oceac2s sh3U be �
<br /> � --�� apglied to the sums secu�d by ti�is Secu�ity Instsumert�whether or noi then due.�vith apy excess paid to 8orrower. If -
<br /> "y Boaowe�a6�c.bas�ie,Progerty.or,does not answer with3n 3Q days a norice fram I.ender that the�*+sn�c�aier has , � _
<br /> -_..,� , offered to setue a cIaua,th�n Lender�ay wII�t txte in.sQrani;e pmceeds. Lender may¢se the psoceeds tv tepair or r�state , —
<br /> _ _=-_� the Property ar w pay sams secnred by this Secwiry Insunment,whether or not then dae. Tite 30-0ay periad will(�egia when
<br /> --� the nodce is given . ', • . .
<br /> - �tTnless Lender and Hmmwer otherwise agree in writing,auY applicalion of proceeds to priacipal shall imt extend as
<br /> --.--= past}xme the'due date of the¢nundily payments�efernd to in paragrap�s 1 and 2 or change the amourtt of tEie payiq,.;.ms. If -
<br />-- -__ ' under par�gcapb 21 the Ptoperty is acquiued by Lender,go�wer's right to�ty ins�ance golicies and gmceeds resvltiaag
<br /> - from damage to the Prupesty priar to the acquisition s6all pass to Lender m the extent of the sHms secaued by titis Secuiity
<br /> � Instrament immediately prior to the acquisirion. �
<br /> --� 6. Ocwpancy. Pe�watiaa..Maiatenanc� �d Protectton of the Pra�eerty; �Sorrnwer's I.van AppUcation;
<br />_ = Lg��sehn3d5. Bmrawer shalt accupy,esta6lish,and iise tfie Property as Borrower's priacipal residence cvithm sixty days after
<br /> -------- � the execution of tiiis 5eauity lnsnvment and shall rnntinue to accupy the Prop�ty as Bo�awer�priacipai r�sidcnce far at
<br /> -- 'teast ona year after the date of occupancy, nnless Ixnder otheivrise agees in cvriting, wluch cansent shall not be
<br /> � unseasonably withheld,ar unless extennating circwmstances exist w6ich�e beyond Botmwer's r,antrol. Bormwer ahall not
<br /> _--= desuoy,damaSe or imgair ti�e PropectSr,allow We Froperty to deteriorate.or cammit waste on the Pctiperty. Borrower shall
<br />�.-�:;y..� . be in defavIt if any forfeidue action or proceeding,avhether civ�or cri�inal,is 6egun thai ia Lender�s gaad faith judgmeni �_�__.
<br /> ___ could resalt in forfeitme of the Praperty or otherwise materialty iu�pair the lien cneated by this Sec�idy Iasavment oz . ___
<br /> --,_---� .;.------.-- T.estder�s secnriry i�t. 8osower may cure sueh a defaWt and relnstate,as provided tn patagsaph 18.by causing the actio�----- - -
<br />�:��.::s=� , or pmceeding ta be disznissed witb a ruling that,in Lender's geod faitb determinatioa,piecludes farfeimre of the Bomnwer's �=�:� —
<br />�:;-5�`�" interest jn the Property or other materia! impairment of the lien cteaieQ by this Security.Instrument or Lender's sec�uity � • ,l,,;,,,+�_— �-
<br />::t�. interest Borro�ver shalt also be in default if Bor�vw�er. dwing the loan applicarivn pracess. gave maieriaUy false or ��_
<br /> -_ -�,�-;s inacc�uate inform.�dnn os statements w Lender(ur:ailed to pmvide Leader with any matereal information)in connedian with -
<br /> ;;�_° the InaA evidenced by the l�ioie. ineWding. b.ut not_limited to, nepreseatations canceming Borrnwer�s.occupancy of the . °°
<br /> �';: Pioperty as a principal.resIdeace. If this Security Inswment is on a leasehold,Borrower shall comply with all she pmvisions • -
<br /> �� of the lease. If Horrower«cquires fee title w the Pmperty.the leasehold and thES fee tide shall not merge unless Lender agrees -
<br />;;s,,:;.�' . � to[he merger in writing. ��
<br /> ;-;;�-:,� � T. Prc�tec�*<..n of Lender's Rights in ttie Ptoperty. If Homnwer fa7s to perform the covenants and agmements � x
<br /> comained in this S�uity Instrumen�or ihere is a tegal proaeeding that may significandy affect Lender's ri�ts in the .
<br /> '`°"!"` � Plcopeny(such as a proceeding in bangruptcy,probate.for condemnatian or forfeiture or to eaforce laws or regularions),then =�.''
<br />���.;�� I.ender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the P�vperty.
<br /> -- Lea�er's aetions may incIade paying any sums setured by a lien which has prIority over this Security Instniment, appeazing �,� ' .. j
<br /> .� r�-• , . Y�t.
<br />- - us ccfurt,paymg c�asorrable attvmeys fees and entering on the Property to make repairs.Althaugh Lender may take acuan • .;:
<br /> l � � cur
<br /> '�a_=� under this para�h 7.Lender does not have to do sa � � '.'� ,.
<br />-� �;��;�-� My amou�ts disbursed by Lender under this pazagraph T shall 6ecome additional debt of�arrower secared by this � �.
<br />` •�'�•�-�� � Security Instrumen� Unless Borrower and i.:nder agree to other terms of payment,these amounts shal]be�u interest from the � -
<br /> __�:'^�'� date of disbuisement at the Note rate and shali be payabie.with interest,upon norice from Lender[o Barrower tequesting � • �,,���
<br />- a en� �
<br /> �'"-�'�'�� ' p S. Ndortgage I�surance. If Lender cequired mortgage insurance as a condition of making the loan secured by this �� ;:;_',;�'s•'�'s�'�"`
<br /> ....;„�, �•.:� • Y�
<br />_ �-�. , Security InsWmen�Borrower shaU pay�the premiums required to maintsiin the mortgage insurance in effec� If.for any , - ,.... .
<br /> s in
<br />--�-�� ! reason, the mortgage insurance cov�erage required by L.ender lapses or ceases to be in effec� Borrower shall pay the k ' •
<br /> -�:�s�■; premiums required to ohtain covera$e substanUally equivalent to the mortgage insurance previously in effect. at a cost ��'�� ��`
<br /> �.---- �'y r—:'r. ..�.
<br />:>::�� subsiantially equivalent to the cost to Hornower of the mortgage insurance previously in effect,from an alternate mostgage •"`t .� �'".'�L:
<br />==���� insarer approved by Lender. If substacttially equivatent mortgage insurance coverage is not available,Borrower shall pay to ' `" '' •�
<br /> 1�.��� .E O
<br /> __:.�� . Lender each month a sum equal to one-twelfth of the yearty mortgage insutancc pnemittm being paid by Borrower when the •��,::::.-
<br />�_;;�':; inswaitce wverage lapsed or ceased to be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu . �����.�:
<br /> - • of mortgage insurance. Loss reserre payments may no longer be required.at the opuon of Lender.if mortgage insurance , �. ..
<br />'_;��'.,�" ' coverage(in the amount and for the periud that Lender requires)provided by an insu�r approved by i,ender again becomes . ' � •
<br /> -_��:''� �� availabie and is obtained.Borrower shall pay the premivms raquired to maintain mortgage insurance in effec�or to provide a ` '
<br /> ����°r"";'b loss reserve,until the wrement for mort e insurance ends in accordance wIth an w�itten � � � �
<br />-�:�`�"'•;� and Lender or appticabl�e law. �g Y �ment between Barrower . . . .
<br /> ��?.,��:_` 9. Iaspec�on. i.cnder or its agent may make reasonab2e enuies upon and inspec6ons of the Property. Lender shaU • _ '
<br /> -���s:i give Borrower nouce at the time of or priorto an inspection specifying reasanable cause for the inspestlon. • .. � � �
<br />=_-_ 10. CondemnatIon. The proceeds of any award or claim for damages.d'uect or consequential.in wnnecdon with any ' �
<br />��=��::y' . . . . .
<br />_�Fifi�-; Single Pamily-Farmk MaelFreddle Mac IJIVIFOAM INSfRUMENP-Unifortn Covenants 9l90 fPage 3 oJb pngrsl . .
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