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<br /> ' „ � perii�ds Ihat I.cndcr reyuims. Thc insurancc camcr providing t8c insuruncc tifiull hc rh���en by Bonowcr+ubject ta L.cndcr y
<br /> „ t�ppu�vnl which shuQ n��t bc unmu:;onnbly withhclJ. If Borcowcr fiiil+tu mnintnin covcru�;c dr,crihcd iibi�vc, l.cndcr may,ut
<br /> . t.cndcr.l uption,obtain covcragc to pratcct Lendcr�rights in thc F'ro�x•ny in accnrdunrr with parn�rnph 7.
<br /> All insurunce policies und renewulsshall be ucceptuble to Lendcr und shull imlude��stundurd murtguge clausc. L.ender
<br /> � -° .� �hall have the right to hald the pc�licicc und tenewulr. If Lender requircti.Burn�wcr+hidl promptly give to Lender ull rec�cipts
<br /> � uf paid premiums und renewul notices. In the event�f laxs,Burrower,hull �ivc prompt noticr ta the insurunce c�rrfer und
<br /> .. � Lendcr, Lender muy make praof of loss if nat mude prompNy by Hormwer.
<br /> , Unless Lender und Borrower athenvitie ugrce in writing,insurnnce prncecds shull Me uppiied ta t�starution or mpuir of
<br /> the Pr�ny dumaged, if the restoratian or repuir is economicully feusihfe und Lender's security is not lessened. If the
<br /> • �• restoration or repair is not economically fcasiblc ar Lendert zecurity wauld tn lestiened,the insurnnce proceed�tihull he
<br /> . applied ta the tiuma securcd by this Securiry Instrument,whether or nat then duo, with uny excess paid to Borrower. If
<br /> „ pnrrawer abandons the Property. or daes not answer within 30 duys u notice from I.ender thut the insurunce c:urier has
<br /> " _ affered to settle a ciuim,then Lender rnay collect the insurunce praceeds. 1_ender may use the proceeds ro repair or restore
<br /> , , tho Prapeny or to pay sums secured by thi� Security Instrument,whether or�ot then due. The 30-duy period will begin when
<br /> ' the notice is given. ``
<br /> ' Unless Lender and Borrower othenvise agrce in wdting,uny npplication af proceeds to principul shull nat extend or '4•
<br /> ,.,, "' _ , postpone the due date of the monthly payments referned to in paragraphs I und 2 or cbange the umount of the puyments. If
<br /> under parugraph 2I the Propeny is acquired by Lender,Borrower:s rtght to uny insurunce palicies �nd proceeds msuiting
<br /> � • from dumage to the Propeny prior to ttie ucyuisition shull puss to Lender to the extent of the sums secured by this Security
<br /> .. Instrument immediutely priar ro the acyuisition.
<br /> ' 6. Occupancy, Prese�vation, Diai�tenance and Protectton oP the Property; Borrower's Loan Applicat[on;
<br /> . LeASeholda. Borrower shall occupy,es�abtixh,and usc the Property uc Borrow•er?�pnncipi►I residence within sixty dnys�fter
<br /> •• the execution of this Security Inscrument und shnU continue to occupy tlx Praperty ati Borrower ti princlpal residenee for at
<br /> v, leust one yenr ufter the date of occupency, unless l.euder otherwise u�mes in writing, which consent shall not be .
<br /> ;� unreosonably withheld,or unlexs extenuating circumst�nccs exist which am bcyond E3orrower:s control. Borrower shall not
<br /> destruy,dama�e or impair the Praperty,allow ihe Property to deteriorate,or commit wa�te on the Property. Borrower shall
<br /> „ ,-�; be in defuult if uny forfelture uction or proceeding,whether civil or criminal,is begun thut in L.ender s�ood t'aith judgment
<br /> - • � couid result in forfeiture of the Praperty or otherwise materlully impuir the lien created by thi.r• Security Instrument or
<br /> � Lendert secur�ty interest. Borrower may curc such a defnult and reinstute,us provlded in paragraph 18,by causing the nction •-
<br />�•-,-, _,;','- �, _- _ �r�,���£������Fx��j��pjar,P�i with n n din�thnt,in I.ender;eoad fnith determinutton.Qrecludes forfeiture of the Borrower� , ��`i�
<br /> ^ � ° interest in the Property or other material impairment of the lien cmuted by this Security Instrument or Lender's 9ecnrIty '�=
<br /> interest. Borrower shall ulso be in dcfAUlt if Borrower, during the toun appllcutton process, gave materially fulse ar '�t
<br /> � ; inuccurate information or statements to Lender(or failed to provide Lender with uny materiul informatior.)in connection with �a?�±'
<br /> , the loan evidenced by the Nae, including, but not limited to. mprcsentations concemjng Borrower's occupancy of the ���,
<br /> •• � , Property as a principal residence. lf this Securiry Instrument ix on u leusehold,Borrowcr shal[cum 1 with All the rovistons �-
<br /> P Y F �...�
<br /> • of the lease. If Borrower�cquires fee t itle to the Property,the lensehold und the fce titic�hull not mer�e unless L.ender agrees
<br /> ' ° to the merger in writing. �-
<br /> 7. Protection o!l.ender's Rlghts in the Property. If Borrowcr fails ta pert'orm the covenunts and u�reements ��
<br /> "'�'�` contained in this Security Instrument, or therc is o le�al proceeding that may significuntly uffect Lenderl ri�hts m the �!��'_
<br /> • ' Property(such us u proceeding in bankn�ptcy,pmbate,for condemnutian or forteitum or to enforce laws or mgulutions),then "°"``
<br /> •�� Y P Y �Y P P Y � Pe Y• ��_.
<br /> Lender ma do and a for whutever is necess to rotect the v�lue of the Pro ert and Lender�ri hGc in the Pro rt _;;:�
<br /> , � l.ender:s uctians muy include paying any sums secured by n Ilen which hus priorfty aver this Security(nstcument.appearing �;..:,;
<br /> 1s +; in caurt, a in reasonable attome s'fees nnd enterin on tl�e Pro to make re u9n. Althou h Lender mu take action °—"""
<br /> , .. P Y � Y � Pe1'�Y P € Y �-
<br /> - � under this paragraph 7,Lenderdces not have to do so. E_-
<br /> . Any umounts disbursed by Lender under this pura�raph 7 sh�il! beco�ne udditionul debt of Borrower secured by this �'°_:,
<br /> � � ��''" Securiry Inswment. Unless Borrower md l.ender agree to other terms of pnyment,these amounGc shall beur interest from the ��--
<br /> E.,....
<br /> " `�`� date of disbursement at the Note rate and shall be puyable, with interest,upon noticc from Lender to Bornower requesting ��:..
<br /> . payment. �`��z
<br /> - 8, Mortgage Insurance. If Lender required mortgage insurance us a conditton of maktng the loan secured by this ',`•`
<br /> =� •'��F Security Instrument,Borrower shall pay the premiums requi�ed to maintain the mortgu�e insur:uue in effect, If,fur uny
<br /> :' . - • 1: neason,the mortsage insurunce coverage required by Lender lapsex or cea�s to be jn effect, Bomower shall pay the
<br /> _ -°-� . - -•=.y prcmiums rcquircd to obtain covcragc substantially rqui�atent to the mortgage insurunce previou.gl�� in effect. ut n cost —_
<br /> , • . . substunttally equivalent to the cost to Borrower of the mortgA�e insurance prcviously in effect,from�n altemute mortgage ..
<br /> .. � insurer approved by Lender. If substaniinl ly equivalent mortgage insurance coverage is not uvuiluble,Borrower shall puy to
<br /> � , Lender each month u aum equul to one•twelfth of the yearly mortguge insurance premium bein�puid by Borrower when the •�
<br /> = a insurance coverage lupsed or cea�ed to bc in effect. Lender will ac�ept,uxe und retain these payments a�u loss mserve in lieu .
<br /> of mo�gage insurance. Loss reserve payments may no lon�er be requimd. at thc option of I.ender.if mortguge insurance �
<br /> . coverage(in the umount nnd for the period that Lender mquire+)pmvided by an insur+er approved by Lender ugain becomes •
<br /> . . ., , uvailuble and is obtuined.Borrower shall pay the pmmiums rcyuired to muintuin mort�age insurnnce in effect,or to provide a ,
<br /> ' loss reserve,until the requirement for rnortgage insurnnce ends in uccordance with any written agreement between Borrower
<br />_.`:,� ' and Lender or arplicable law. ,
<br /> - 9. Inspectton. Lendcr or its u�cnt mny makc rea.wnablc entries upun and inspections of the Propeny. Lender shnll
<br />- � givc Botrowcr notice at the time of or prior to un inspection specifying reasonuble cause for thc inspertion.
<br /> - � � 10. Condemnutton. The proceeds of any uward or rlaim for damages.direct or conseyuential.in connection with any
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<br /> � Singlc Family--Fnnnle Mqe/Freddle Mnc U1IIFORM 1N�I'RU1IF.NT--Uniform Covcnant� 9/90 fprxe.;���A�xeA�s/
<br /> „ + Grcx taky RuaOnes.+Fann.Inc.■
<br /> � �a a�aer cou �.emr,3aa��►o rnx o�aze�•>>ai
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