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<br /> perImds th�t Lendcr rcquincs. Tho insurance ct�rrior pravtdjng the insumnce�all bc chosen by Borrowcr Rubject to Lcnder�
<br /> ' approwl which 6hall not be unnasan�bly withheld. If Borrower fefla to mainta}n covenge described above.Lender may.at
<br /> . Lenderh opti�n.obiain covemgo to protect I.endert�rlghGa in the Property in accordanre wlth paragceph 7. '
<br /> Ali j�su�ance pollcic�a�xi rc�tcwuls st»It iss:uceeptat�lc to Lendec tutd shall Ircel¢de a standard mort�n�o elnnsr„ [.r,nder .-
<br /> shwU have tho rtght to hold tho polictes and tenewals. ll l,.snder�equlrea,Borrower ehall promptly givo to 6.ender all reccipts
<br /> of paid premlums and senewal notices. in tho event of Iwss,Batrowu ehall�ive�Srompt not�ce w the insurence cwrier a�id
<br /> i,ender. Lender mey make proof of loss if not rnado prompdy by Borrower.
<br /> UnDess Lender and Borrower otherwiiso agree in writing,insurance proceed�shall be upplted to restoratlon o�rcpafr of
<br /> the 1'ro�rty d�magvJ,if Rhe aestoratian ar i�e�OU;r is�nomicaliy t'easibie t►nd Lender's securIty ls nat lex�ened. I�the
<br /> �estoration or repair ta nart ecanomteatty reasro�e or uncier's secun�r wouiu oo ��ez,�;.uro ���,..a.:N ym.��a�•»�..-
<br /> applied to the sums stcured by this Security L�atrument, whether or etot then duo,with any oxcess paid w Barro�vet If
<br /> Borrowa obacdona the Roperty.or does not answer within 30 days a noace from Lender that the insurance carcier has
<br /> offered to settle a claim,tt�en Lender tinay coltect the insurancx proceeds. Lender may uso the proceeds W npair or resrore
<br /> the Froperty ur to pay sums securat by this Sccurlry Instcument,whether or not then due. 'I'he 30�day pedod wiU beatn when
<br /> tha noticae Ia given.
<br /> Unless Lender and Borrower otherwise agnee in writin�,any uppUcation of proceeds to principal shall not extend or
<br /> , pes*.pon�the due date of thc monthly paymenUS nferrcd to in paragraphs 1 mid 2 or change the amount of the payments. af
<br /> under paragaph 2i tho Ptoperty�acqulned by Lender, Bomower�r�ght ta any insurance policies and pmceeds resatdng _
<br /> from damage to the Property prlor w the acqulsitton shaU pass ro I.ender to the extent of the sums secured by this Socurity
<br /> Inshument immedIately prtor to the acquIsidon.
<br /> 6. Occapancy, Preservation, Maintenutce and Prntectbn ot the Prope��ty; Borrnwer's I.oaa Applicatiqn;
<br /> Lea.seholda Bar[ower shnll occupy,estabUsh,und use the Properly us IIorrower�s prinsipal residence wlthin slxry days after
<br /> the execution of this Secwity Inshument und shall condnue to axupy tlx Property as Borrowerk principal nsidence for at •
<br /> least one yeAr after the date of occupancy. unless Lender otherwlse agrees in wdting, which consent shall ndt 6e
<br /> umeasonably wtthheld.ar unless extenuating circumstences e�cist which are beyond Sotrowenc�ontml. Borrower shall not
<br /> destroy.demage or impair We Pmptrty.ultow the PropeRy to deterlorate,or commit waste on the I�roperty. Botrower shaU
<br /> be in defaWt if any farFeitun acdon or pmccedi�g,whether civil or criminal,is begun that tn Lenderh good fattfi judgment
<br /> could nsult in fotfeiture of the Property or otherwtse materially impair the iten created by thta Stxurity Inswment or
<br /> Lender�s sec�rtty interest. liorrower may cure such a default and reinstat�,as provided iq paragrdph 18�by causIng the ac@on
<br /> or praceeding ta be dismissed with a ruling that,ia Lendos�s goad faith determinatIon.prccludes fotfaiture of the Horrower`s
<br /> intr.r�ss iss ttra �gesty ur ott3sr materle!Isnpa4cmer�af t!� l�n cl+e��! hy th4s cee��urity rnsuument or I.enderb securIty =
<br /> interes� Botrower shell alsu be !n default if Borrower,dutiag the loan applicarion process, gave materially fatse ot •
<br /> laacc�uata infarmarian or swtements to Lender(or failed w provlde�Lencter with any maurial infotruadon)in connecflon with •
<br /> t6e loan �vldenced by tha Note, including, but not limitet! to, �mpresentudons coaceming 8oirawer�s oceupu�ey of the
<br /> Property as a priricipal nsldence. If thls Security Instiument is pn�.aleasehold,Borrower shal!compfy wlth ali the provisic�ns
<br /> of the lease. If Boirowar acqunns feo tide to the Property.the lem'seNold and the feo title sRnU not mer$e tsnlesa Lender agrees
<br /> : to the mergec in writing; '
<br /> ..,. ,: 7. Prutacttori oP S.ender's Rtghts tn the Property: If Bonower felis to perfo�m the covr,nants and agaments
<br /> caiteinecl fa this Security Iasbvment,or ther� ia a legwi proceedin$ that may significantly ef�ect Ixnderb rights in tha
<br /> Properiy•(sueh as a proce�ding in bankruptcy.probnte,for condemnation or foifeiwre or to eciforce laws or nsgutations).then
<br /> I.qnder mAy do and pay for whatever is axessary to pmtxt the value'of tha Property and I.ender�s righte in the A�+nperty.
<br /> I.ender�ac�ons may include paying any sums secured by a lien wbich h�s prlodry over this Security Iastrumen�appearing
<br /> in court,pa��ing rea4onatcle attomeys'fees and entering on the Aroperty w malce repAirs. Although Y.endtr may tnlce acdun .
<br /> under this paragrapj�7,Lender does not have W do so. .
<br /> My amounts disbumed by[.cnder undcr thle pazagraph 7 shall becwme addidanel deb�of BorroWer setured by this -
<br /> Security Inst:ument. Unless Borrower nnd Lender agra to other terms of payment,these amounts shall 6ear inUcrest from tt,o
<br /> d�ta of disbnrsemeni at the Nou rate und shall be payeble,with interest,upon nodce from L�ndar to Boirbwer�equesting
<br /> � payment. ,
<br /> & Mortg�e inA�ur�ice. If L,cnder raquirod mo�tgage insurance os a coadiaon of making the loan�ecwsai by this •
<br /> Security Instrumen�Bor•rower shall pr►y tha premiuma cequi�d to maintain tha mortgege Instu�nce in effect. If,far any
<br /> reason, the mortgage 3�isurance coverage requlred by I..ender�npses or ceasas to be in eifxt, Horrower shall p�yy the
<br /> premiums,required to obtain coverage substandally a�uivalent tv the mortgage insurance prev4ously 1n efftct, at a casi
<br /> substu�t�ully equivalent to the cost co Borrower ef the mortgage ineurance pnevlously in effa�fmm an altetnate mortgage
<br /> insu�r eppmved.by I.ender: If eubstantiaSly equivalent matgagC insw�nce coverege is not available.Botrower shali{�ay to
<br /> l.endsr each maath a sum equal m ane-twelfth of tho yearly mortgage insuruna pnmium being p�id�y Borrower when the
<br /> inswattce coveraqe iapsed or ceased to be in effec� Lender wIll accept.use und retain thes�payments as a loss reserve in lieu
<br /> of mortgage insurance. �.oss reserve p�yments may no longer b�rcquired,at the option of 1L.ender,if mortgage insurnnce
<br /> wverage(in the amoant and for the period that I.ender r�quir�.w)provided by an insurer approved by LendEr agatn ber.omea
<br /> availabls and is obtained.Bornower shaU pay the premiwns tequit+ed to maintain mort�age instiranue in effect,or to provIde u
<br /> loss teser,qe,until the requimment fnr mortgage insuraace ends in gcxotdance with a»y written agrament between Hort�nwer
<br /> and I.ender or applicabl�law. • '
<br /> 9. Inspeitton. I.ender or its agent may make reasonaals entrles upon and�nspections of tlte property. Lender shafl
<br /> give Barr�ower notice ut the dene of or prlor to an inepecuon specifying reasonable cause for the inspecdan.
<br /> 10. Condemnittton. The proeceds of any award or ciaira for damages.din:ct or conseqnential,in cannection with any
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<br /> Siagie F�mity--tlmek M�ehl�eddk M�c UNlFORM INSTBUMENT--Uniform Covenmts 9/90 (page.�oJ6 pag�a)
<br /> m�t{�e�R�MOlA Pams taa■
<br /> Tn Otir.Cl�c��E�Sll�03�iA7t 816701•1131
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