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<br /> �ltfl0(IS 1II�l LCIMiCI t2a{iif�cn. '['i�4 i��.,L.w.;..:c;«ari_r`:�1ld::��!�-in•,�rM^�•�•ha11 he Gh�fsen by 8urnswer eub;jcrQ tu:;:rn�krti . -
<br /> ep�vrc�v�l whkfi�hall not be unro�.wtwbiy wlthheld. lf Ei��*ower twll�to mwirn�in cuver�gc�s��ibed atu�ve.l.cnder may,xt .
<br /> � i.enderk�Nia�.uMun c�verrge to protect.i.enckr a ri�h1q in the Rv�periy in arcn+rdanca with par�gnph 7.
<br /> All insurance policies and rencwals si►911 bo ucceptablc to Lrtukr arxl stufl i�xluck a srand�+rd mcxtgng�c1AU�e. Lender
<br /> shel!have ehe right to hold the policies and veriewals. if l.ec�der nquire�,lB�rrowat xhYl!prtuna.ptly g�ym ta Grnckr d)recei�t�
<br /> oi puid premi.ums arx}tenew��l nw.irr,s. [n tha event of loss,�orrow�r shai) giv�prompt uotir.r,tv tbe ir�surr�ncs c�►rrier.��
<br /> L�r�der. l.ender niay nnake p_�f c�F la�ts if iio[mack prnmptly by I3orrower.
<br /> Unless Lendr.r cu�d Bcxrower uti,�rwiae agrc..i�wridng,ia,urunce prcr�ee�5 shr�l he amolied ro rcyturatian or req�ir of
<br /> the Ftope:rty damaIIed, if it� ne.qtauicxn or repair iR economic�dly feas�ble und Lend�r!s seCUrity is ncx lessenrtl. if';the
<br /> restcMation nr r�epnir i�s not economic��ily feasible ur i.endcr.� security would be hssenccl,ttx ii�.5urance penceedfl shmlt tx ,
<br /> ;i}�Ar.�1 to tt►� sums secured by Shis Security fnstrument,whCtl�er or not then due, with�ny excess p+�id to Aarower. If
<br /> �3c►rruwer abandons the Propc:ny, o� dc�:s no[answr.r wi�hin 30 days u notice fmm f..cndGr ihat the insurancc carrier has
<br /> offered tu s..tde u claim,then t,�rulcr mey collect�he insurance procecKls. Lend.er may use thc praxeedv to repuir oe restare
<br /> the Pn►perty or to pay sums tecurcd by this Security Instrument,whether oc not�hen due. The 30-day period wil!bcgin w1�en
<br /> . the notice is given. • •
<br /> Unless l.ender and Boreower othc:rwise agree in writing,any upplication of pn,c�ds.o p,-��+ci�,ul sh:.��n�t e^�-nd�r
<br /> postpone the due date of the monthly�o�ments referrcd to in parngrnphs 1 and.�or ct�ange the amom►t of the paymenls. lf
<br /> undor par�g��tph Z1 the Pro�erty is acqmred by Lendcr,Borrower!s ri�ht to,ru�y,ins��rance policies and proc�eds�esulting
<br /> frnm�tamaon co the�'mnertv orior to the acqws�t�on sir.di���+[u L.e�iuu.ta.tt��.cxt�nt o:'thc su...s sccc:e�by this scc�!�ety
<br /> Instrument imr.;�tdiately priar.ta thc acquis�tion. �
<br /> 6. (kc+apn�cg�, Pres�2rvation, MaQntenance and Protection of the Property; fforrower's LoAn App4kation;
<br /> l.eyselwF�s. �c►iic��ver shall cKxupy,�stablish,and use the Properq�us Horrowc;r's pri�icipat residence within sixty days aftcr
<br /> ;1b:,xecutia���f�fhis Security 7nstrument and shull con[inue to accupy the Property�s Bortower's principal residence for at
<br /> [a�i�t one ye:.• �Res the date of occupancy, unl�ss I.,�nder otherwise agrees in writing, which consent shaU not be
<br /> S�nreasunably»�+:hheid.or unless extenuating circumstances exist wbi�h are bepoiid�orrawer's control. Bonower shall not
<br /> do9tmy,damagr or impair the P'roperty,nllow the Property to deteriornte,or commit wctste on thc Property. Iiorrower shall
<br /> bc in default if any forte�ture actiun or proce�ding,whether civil or crlminal,is begun that in LenderS good faith judgment
<br /> i.vul� r�uli in fcsfeiture�€l�:e Ih'��!'r!; ^*�nc�rwisc matcrially impair the lien crcated by this 5ecurity inst�u!r.ont or
<br /> Lender's security interest. L3arro�ver may cure such a defau'.t nnd reinstate,as pravided in paragraph 18,by eausing the accivn
<br /> or proccedin�to be dismiss�:�with a ruling that,in Lender's goad faith dctermination,Qrecludes forfeiturc of�i�c�lorrower's
<br /> interest in tlie Property or other mwterinE impairment of[ha lien created by this Securiry Instniment or Lendcr'� sccurity
<br /> interest. Bo.-tvwer shull 11so be in dcfault if Borrower, during the toan application process, �ave materially false or
<br /> inaccurate infarmation or statcments to I.ender(ar failed to provide l,ender with any m�tcrial information)in connectiort with
<br /> the loan evideneed by the Notr, including, but not limiud to, representntions conceming Bon•ower's occupancy of the
<br /> Propeny us a princip:►1 reslclence. If this Securiry Instrum¢nt is on a leusehald,Borrawer shall comply�vith aU the pruvisions
<br /> of ttm leasc. 1£�arrowcr aaquires fee titte to thc Property,the Icasehold und the fce title shall not merge unless Lender agrces
<br /> to the merger.i7.vriting.
<br /> 7. Pratcct�on ut Lender•s Rights in the Property. If Borcower fails tn perform the covenarts and agrecmcnis
<br /> contained in tliis Ser,urity Instrument.or there is a Icgal procceding that may sign��cantly affect Lender's• ri�hts in t}ie
<br /> Properry(such^g n proceeding in bankruptcy,probate,for condcmnation or forfciture�r to enforcc laws or rcgulutions),then
<br /> Lcnder may do and puy for whAtevcr is necessary to protect the value of the Property nnd I.ender�s rights in thc Prop�rty.
<br /> Lender's actions may include paying any sums secured Uy u lien which has priority over this Security Instrument,uppeariag
<br /> in court,paying reasonable uttomeys'fees and cntcring on the Property to make rcpairs.Although Lcnder may tak�e action
<br /> undcr this paraa feph 7,Lcndcr dces not hav,,to do so. -
<br /> Any nmoums disbursed by Lender under this puragraph 7 shall become additionul deht af Sonower secun.d by this
<br /> Security Instrument. Unless Borrower and Lcndcr ugree ta other temis of paymcnt,these amounts shall bcar interest from the
<br /> date of disbursement at the Note ratc and shall be payabie,with interest, upon noticc from Lender to Borrower requcsting
<br /> payment.
<br /> B. Moctgage Insurnnce. [f Lender reguired mortgage insurancc as a condition of making ihe loan secured by this
<br /> 5ecurity lnshvment, Borrowcr shall pay thc premiums requ�red to m�intain the mortgngc insunnce in effect. If, for any
<br /> reuson, the mortga�e insurance covera�e required by Le�ider lapses or ceases to be in effect, Borrower slioll pay the
<br /> premiums required to obtain coverage substantially equivalent to r.he mongage insurrnce previously in effect, at a cost
<br /> substantially eyuivalent to the cost to 6orrower of the monga�e insurance pmviously in effect,from an alternate monguge
<br /> insurcr approvcd by Lcnder. If substantially eyuivalcnt mortgagc insurance coveragc¢s not avuilable,Borrower shall pay to
<br />- Lcuder each month a sum ec{ual to one-twelfth of thc ycarly mortgage insurrnce premium being paid by Borrower when thc
<br />�" insunncc coveragc lapsed or censcd to bc in cffect. Lender will acccpt.use and retain these paymcats as a loss rcserve in lieu
<br /> of mongagc inaurance. I.oss rescrve paymcnts may nu longer bc required,at the option of Lender,if mortgagc insurnncc
<br />= caverage(in the amount and for ihe period that Lender rcyuims)provided by an insurer upproved by Lender again bccomes
<br />� available and is obtaincd.8orruwer shull pay the premiums reyuircd to maintain mort�agc insurancc in effect,or to provide a
<br />= lnss reserve,until the cequirement for mortgage insur.ince ends in accardance with�+ny written agrecment between Borrower
<br />�' and Lender ar upplicable la�v.
<br /> 9. Inspectton. Lcnder or its agcnt may make rcasonablc entries upon and inspections of th�Propeny. Lender shull
<br /> a give Borrower notice at the ti�ne of ox priur to an inspection spceifyin�reasonable cause for the inspeciion.
<br /> �: 10. Gande�nattm�. 'CBe proceeds of�u�y award or claim for damages,dircct or consequential,in connection�vith any
<br />�� 5ingic Family--Fannk bfue/l�rcddle lfer UNII'ORt11N5TRUMEN7'••Unifonn Covcnams 9IS10 (puge 9 uj6 pages!
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