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<br /> periods thet Lender nqufre�. The i►uurar►ce carrier pmv(ding the innuren�o stialt bt chur,en by Barrower subja:t to t.endarh
<br /> r.,nflmvAl which tit►nit not be u�►reasnnnb4y wuhhald. If Borrower fnils ta muintain c�veragc descr�boil ahore�!.C'�der msy,u - -
<br /> I,onder5�option,obuun covemge to protect Ltnder's rignh ii�iirr F�a�:+:y t++:.�:�+d=».��::7�R:s";°".^�'7.
<br /> Al�insursnca policies w�renewals shall be eccepuble lo I.endrr ar�G shafl incluck psw d�u�c1�rtge8e clawe. I.�nder
<br /> shnll havr�he right to hold the poli.cies and�enewals. if Lender ra{uires,Burrower sh�ll rom l ive to Lender a11 ractlpta
<br /> of p�d premiums and renGwsl notices. In th�evertt of loss.�orrower shail give prompt notiFO to tho inauranco caarier�uxl
<br /> L�nd�r. I.enderinay make pmof of lass if nat made promptly by Eurrower.
<br /> Unless I.ender and Bortower otherwise agree in writing,insurance proceeds shall be applied to a�estorntion or repair of
<br /> � i}� pmY►erty damaged.ii' tho restaration or repair is economically feasible and Le►xkr:s �curity is not lesse�xd. If the
<br /> restaration or repair is nat econamically feasible or Lender's security wuul�l l�e lesscncd,tba insuse�nce proeeeds shall be
<br /> appli�d to the sums secunzd by this Str_urity Instmment,whother or not then due, with any excess paid to$orcowec. If —
<br /> �iorrower abandons the Property, or dces not unswer within 30 days u notice fmm l.ender that the insur�nce r.arrier. has
<br /> offercd to�ettle a c1aLm,then Lender may collcct the insurancc�,r�ecls. Lender may use the prceeeds ta re.�air or reston
<br /> the Property or to pay sums securul by this Sacurity lnstnunent,whether or nus then due. The 30-day ptriod wtll b�8in when
<br /> the notice is givcn.
<br /> Unless Lender and Borrowcr otherwise lgree in writing,nny applicatian of proceeds to principa!sh�ll not cxtend�r
<br /> pusc�x,�ia u'�e due datc of che r:eont!n!y paymentq xefenecl to in parap,raphs 1 and 2 or chnnge the a�naunt of the puyments. If
<br />� under patagraph 21 the Ps'operty is ncquired by Lender,Boaower's nght to uny insurance policies nnd proceuls ►zsutting
<br /> ftom da�nage lu ii��F��ry�o:to t�se scquisi►.ion shall pass to Lender to the extsnt of the sums recured by this Security
<br /> Inst�u��ieid i;;uncr3i�ttcly�:►or tothe ecq��i�ition. ___
<br /> G. Occupa�cy, Preservution, rilaiAtenance and Troteciia+� of ti�c Prapcny; �orrower's� D.:,a�� A��,ll�Sioa; ___
<br /> L�aseholds. Borrower shall occupy,estt,blish,cuid use tre Propecty as Bonowers principal residcnce within sixty days after
<br /> th�execution of th[s Sec�rity Instniment and shall cont[nue ta�ccupy the Property as Borru�ver's principal residence tor at
<br /> leust ane year after the date of occupancy, unless Lender otherwise ngrees in writing, which consent shall nnt tre
<br />- unr:,sa�wbly�vith!iel�,or onl�as catenuatinfi circumstnnces exist which are beyond Horrower's conuol. Borrower shall not
<br /> destroy,dnmage or impair the Property,allow the P�operty to deteriorate,or commit wu.,te on ths Prc�Ferty. Horr4wer Ehall
<br /> be in default if uny forfeiture action or proceeding,whether civil ar criminc►l,is begun chat in l.ender`s goad faithi judgment
<br /> could tesult in forFeiture of the Property or otherviise materially impair d►a iien created by this Secwity Instrument or
<br /> Lcnderk security interest. Borrower may cure such a default und reinstate,as provided in paragraph 18,by causin�the action
<br /> or procceding ro be ciismissed wiin n�a�i��b it�at,in I.cnder'�g�1€sith�et!�rn'i�ation;nrccludes forfeiture of the Borcower's
<br /> interest in the Property ar other materlal impairment of the lien crcated by this Security lnstrument or I,ender's secudty
<br /> interest. Barrower shall also be in default tf Borrower, during tlie loan application process, g:tve materially fulse or
<br /> inaccumte informadon or stat�ments to Lender(or failed to provide Lender with any mnteriul informnti4n)in connection with
<br /> the loan evidenced by the Note. including, but not Umited to, representations concerning Dorrower's occupincy of the
<br /> Nroperty as a principal residence. If this Sccurity lnstrument is on a leasehold.Borrower shall comply with all the proviFions
<br /> of the lcuse. If Borrower acquires fcc title ta the Property,the lensehold And the fee title shall not merge unless Lender ngrees _
<br /> ta the merger in writing:
<br /> 7, Protsction ot Lender's Rtghts In the Property. If Bonower fails to perform the covena�ts and agreements
<br />= contained in this Security Inswment, or there is a legal proceeding that mny sign�ficantly affect Lertder's rights in the �
<br /> propecty(such as a proceeding in butkruptcy,probate,for condemnation ar forfeitum or to enforce laws or regulatxons),then _�Y
<br /> Lender may do and pay for whatever is necessnry to protect the value of the Property and Lcnder's rights in the Property �_-
<br /> Lender's actions may include paying uny sums secured by a licn which has priority over this Security Insu�ument,appeanng �_�__
<br /> in court,paying reusonable attomeys'fecs and entering on the Property to muke repairs.Although Lender may take action �_
<br /> under this paragraph 7,Lender does not have to do so. �'�":�
<br /> - Any amounts disbursed by Lender under this paragraph 7 si�all become additional debt of Borcower secured by this �,.,,,,r
<br /> � Sccurity Instiument. Unless Borrower and Lender agree to other terms of payment.these amounts shall bear interest from the .,._.�.
<br />�= date of disbocsement at the Notc rate and shnll be payable, with interest,upon notice from Lendcr to Borrower re.q�esting r,,`
<br />= payment. ��y;
<br /> � 8. Mortgage (nsurance. If Lender required mortgage insumnce as a condition of making the loan secured by this
<br /> � Securiry Ir.st►ument. Bortower shall pay the premiums required ro maintain the mortgage insurance in effect. If, for any : `
<br />'a ccason, the martgage insurance coverage requ�red by Lender lapses or ceases to be in effect, Borrower shall pay the _
<br /> .� premiums required ta obtnin c�vemge substantially equivalent to the mortguge insurance previously in effect, nt a cost
<br /> :� substwettaily equivulent to the cost to Bonower of the mortgage insurance previously in effect,from nn alternnte mortga�e
<br />::� insumt approved by Lender. If substantislly equivalent mortgage insurance cuvecage is not available,Botrower shall pay to
<br /> Lender each month u sum equal to one-twelfth uf tt►e yearly mortgagc insur:ince premium bcing paid by Borrower when the
<br /> ensurance covera�e lapsed or ceased to be in effect. L.ender will accept,use und retain these payments ns a loss reserve in lieu
<br /> , of mortgage insurance. Loss reserve payments muy no longer be rec{uired, at the option of Lender,if mongage insurance
<br /> coverage(in the umount and fur the period that Lender reyuires)provided by an insurer approved by Lender again becomes
<br /> avuilable nnd is obtained.Bortower shall pay the premiums reyuired to maintuin moagage+nsurance in effect,or to provide a
<br /> loss reserve,until the myuirement for mortglge insurance ends in accordance with any written agr�ement between Borrower
<br /> and Lender or applicable law.
<br />- 9. Inspection. Lender or its agcnt mEry make reasonable entries upon and inspections of the Property. Lender shall
<br /> .� give Boaower rcatiee at the time of or prior to an inspection specifying rensonable cause for the inspecdon. I
<br /> 10. Condemnxtion. The proceeds of any award or claim for damages,direct or consequential,in connection with:�ny `
<br />`'� Sin�ic Family-•Ihnnle MndlYeddic Mac UNIL�ORM 1N�TRUMGNT--Uniform Covenams 9/90 (pnge 3 nf 6 page*1 � ",
<br /> Crcot Int�a Ba�tocae Ymna Inc.�
<br />,_,� TO Uda Call:1�G908399 0 PA%U1a701d 131
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