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<br /> � . pe�iods u�at Lsnaa c�equires. 71�e insuranae curier pmviding the insu�a�shali 6e chosen byF eorcnwer subjoct ta L�enderls �
<br /> appr�nvat which shall not be unc�conobiy wiihhetd..Ii Borcower fails to mainta�n eaver�ge descn'bed above.L.ender m�r.`u
<br /> - Lender�optian;obtain onverage m protect Lenders rightsiu the Rope�ty in accocdaece with�aragr�ph7.
<br /> All insuraooe p�oHcies aad crasewals shxll be aocrpta6k to Lender and shall include a standard matgage clause'l.ender : .
<br /> � sttaA l�ave tht�ig1u ta hoid�he poticics and reaewals. Yf LendGS cequi�.Bomowe�shall�nptly give to I.ender all reoe�pts
<br /> of paid premitims sadYe�xwal notices. in t�e event of toss.Bomowu shal!givc prampt noticr ta tht insurance carrber and ' '
<br /> Lendes ixndet may maice ptoaf of loss if nat made prompdy 6y Bnimwer. . . -
<br /> Unless Lender and'Borrowet otbzrwise ag�ee in wnting.incuranceprocceds shait be applied to�escoration or cepais of�
<br /> -----�° the Praperty dsmaged,if the r,esfaratimt or repair is economiralty feasi 1'b c�d lxader��securiry is not testened. ff.thc .` , —�
<br /> nstoration or cepair,is not era�omirafly feasibte or Lender's security woutd 6e lessenod.dx insur.�nce proaeQs shall 6c
<br /> -o applied to the smns saviced by this Saeurtcy Tasaum�t.whetlxs or na then dae.wuh any,exvess paid w Bomnwer. If
<br />.�-�': Barawa abaadau thc Propecry.or daes not answer within 3Q days a naice fram Lender tbac tbe in,auraace ca�rier Ins
<br /> offe�ed to sepk a claim,thea Lender may collect ttte:insur.u�cc piooeeds. Lender may ase the ploceods to rep�ir or resta�e
<br />__ tt�e pmperty or W pay sums sesured by this$ecuri.ty Instrurt►ent,wl�kthes or not d�en dae.The 34day period witi begir�wben
<br /> the notice is given.
<br /> Unless Le�dar and Bomower otheswisc agree in writing.any,apptication of praceeds to grincipat sha11 not eatead ar.
<br /> ,r postpane the due date of thc monthiy paymenu refecred to in�hs i and 2 or change the amoant of tbe payrt�ts_If'
<br />___ ' under paragraph 2i thc Ptoperty is acquiied by bei�der.Barrowef's cight ta 3ny insnrance paticies and.psoceeds�(�.:
<br /> ftqm d�mage to the Ptnperty prior to the acqaisitiQn si�ait pass to Ltnder W ibe ex�ent of tt�e sums seamd by tfus Seeim'ty
<br /> ":- Insnument immediateiy prior ta the acquisitian. . '::. . _• : . __-_ ---
<br /> ,��; 6. Occo�ao�y. Prsservatian, Mainteawnce and Protection af tht Property; Bo�ower's La�ir Appik�tioa:, . �_
<br /> i.ezse6oW,A Borrowei ah�ll accupy.establfsb.aad:use the Pmperty as Borrower's pritx�pat cesi�ce within si�r days after _ , �,,-
<br /> f I.r{ the excp�tian of this Savrity�Insut�aad slral(caninae ta oocupy the Ptoperty as Bucm�s�rincipal nesidence fa�at � �==-
<br /> `'1 le�st ane yat after the date of occ�cy;•atttess Lender otherwise agnees en writing.��ch conxnR shall not 6e ' �-,�--� -
<br /> �• unoeasona63y withheld.or untess eztenua�ng cuic�iistancas ea�st which arc beyond Borrower's cantrot. $orrower sha11 not � .'� -
<br /> . �r{'; �: desA'oy,c�a�mage or impair the ProQerly.aliow the Propecty to deteriorate.aT commit�vaste an the Property: Borrower sh�ll �'T -
<br /> .��,. Q�'."��
<br /> 5�,,, be in defa�tr if any forfeittue action o�pmceediag,wtretixr civil ar criminaf.is begun tltat in Lender's good faith judg.�it �-.;y
<br /> � . �� �:j��' could resceFt in forfeiture of the Pl�aty or otherwiso materialfy_impair the lien created try this Security insuumre�vc.
<br /> . . � •
<br /> '` ' • ',- ��� � � l.ender's securi �nterest. Bot'roneE a�aY cuse such a default and cemstat�,as rovided in h 18, =
<br /> . -�-- P�b�raP by causmS ihe ac��cT .
<br /> . �.,_ �, ty' P
<br />_- , j ' or proaeding to be dismisseii with am�m�thn.m�C�guod faith deteAai�n.preclude�forfeiture`�.�lte�arro�vet�s ,_. - --
<br /> ' ;,�- '-.} ' �:��' � interest in the Property or other material impairrn�t•of the lien created By this Securiry Instrument ac.G�decs securiry - -
<br /> � 1',4�.7+ �'�F �:'.•"`4 . '; ' ' "'� p •. .• ' �-
<br /> . •; ���:::�.� .� iaterest. Borrawer shalt alsa be in deFauit if�.camwer,during the loan application process. gace�.,r.,"r,�..rially false or _
<br /> ��=��: � , i6na�ccurnte informatiaa or statements co Le�ider totfailed to Qrovide Lender wish anyr material info�maaaa3:i�cont�eamn with �. `;,..,.:.z.'�
<br /> .�,;�r �` ' `•�`4`.� � ZUV loan evidenced by the Note. inctu�dir�.bui not limited to. represeruations eonceming�orrowec's occupancy of the • :' .f
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<br /> ti{� f 5 Praperty as a principal iesidencs. If this Security instrument is an a leasehold.Borrawer shal!cainpLy wit�a11 the provisions ` ' ��
<br />: :;����'i��: , of the lease. lf Borrower acquires t'ee ti11e to the Pcnperty,the leasehold and the�'ee title shall ttot�e w�tr���l.ender agees `- -�•4`-;;i
<br /> '�*"`'�`-`� to the merger in writing. ' •^'':� � _-
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<br /> '����:�;�*_: .. 7. Protedion of Lender's Ri�hta in tbe�operty. If�Barrower faits to perfonn the cas�r�rsazal agrcements y;;};=. _ •�:=�.
<br /> s �� n � : containui iR•this Security Insuume�►t,or there 'rs a 1e al r�3:ng tfiat ma si �ficant[ �'fe�t C��ea§.ri ts in tLe • -
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<br /> '•�� �; .:�,;:,1�. Praperty(suc�a4 a praceeding in bantcr�ptcy.probate,for cor�esssa.+�on or fadeiture or to eafe�Ex T�:scssrz�itaaionst.�eii.. � �;°
<br /> R�,•` .. � �,r� .;, Lender rrcaat�dn and pay for whate�er is;teces�ary to protect tf*.e cztue of�he Pro p e rt y and L�;�rs si�s:n the Prapect�:., ,+';�,,,�;
<br /> ' ;J:.;., , ,. l.ender's act�ons may urclude payina a-�y sums secured by a lien which has prioriry over this S:c.zr�In<.n�:en�appearing . ' +
<br />` .j�::•..'�• ' in coun,paying reaso��I�uttomeys'fees and enrering on the Property ta make repairs.Aitho-.r�i[x�ul'�r�-.ay take action
<br /> ;;''�: : � . , � under this paragraph 7.I.ender daes not have to do so. ..` '. , • �' �. •
<br /> � • �:•.. Any amounts disbursed by l.er,der under this paragrapb 7 shall become additional deb[af��rra�et secured by this ,
<br /> '�•='� Security Instrument. Unfess Borrau.•er�rtd L.ender agree to other tetms oi payment.these ama�urc��-.�1t 6ear interest from the _
<br /> - � � `' ' date of disbursement at the Nate rate�3 shall be payable.with interest,upon notice ftom L,�der to�artawer requesting
<br /> z � payment.
<br /> - ` S. Mart�ge lnsuranee. IP Le�ad�ree�uin�t rnortgage insaranee as a conditian of matcing the toac�seeured by this - -
<br /> ',�' ., . . �, , Securi tn.�trument.Horrower shaU a t:re er.-.�am.c required ta maintain the morlgage insurance in ef;ect. If, for any • �
<br /> . � • _ �Y F Y �, .
<br /> •<z� �";�;.:,.:,�,� �ason,the mortgaga invurance coc•�r;z requizd by Lender �ap.ses ar ceascs to be in effect, Horrower shall pay the
<br /> ,. , '•= �-- ` pcemiurrs required ta obtain coverag:substantiatly e�ui��alerc ru the mortgage insurance previously in effect.at a cost • _
<br /> �:,��;..�. � '�:�`.:�'':�i' xubseam.ealty eqaivatent to the cost ta�urmwer�:'the mortg��e intiurance previnusly in effect,from an a(temate moRgege y ,.''
<br /> '�'�+ � in.curerapprnved by Lender. If substa..ialty equiQ:�(::t mongage insurAnce covernge�a not available.Boaa:�er yhall pay to ;
<br />. i4i�:�.��:..:.. .•. � ' .
<br /> � .s,;�'�. . � Ixnder each month a sum eguat ta one-twe+fth cr�;:e yearly martgagc insur�nce premium being paid by Bac�awer when the . , Y,•"_
<br /> "?`�' '��" � � � ' insuran�e covera e la ed or ceauw.d ro be in efF�ct:�:ender will suc t use and cetain thexe a ments as a lass reserve in lieu •
<br />. �...: ... .. .... ,
<br /> �...i•�•�-::� :;,;.:t,� � S P5 eP• D Y ' ,i,i:
<br />� . ... •: ,l::,r,:Y.'•, • of mortgage in.4urunce. Loss resec«e�sgments may na longer be reyuirecl.at the aptian af l,ender,iP mortgage insurance _,.
<br /> '- 'r;':;�''.'�,,. ; coverage Iin the amount and for the pe�:-iod that Lendcr requirc.r•)pravidcd by an insurer nppraved by Lendcr again becames • �� •
<br />� •- " � �Y���� "• available ansi is obtained.Bonower.f:c�f the remiumc rr uired to maintain mort a e invurunr�ineffect.ar to ravidea .:�''�
<br /> • •-�,t: a I�Y P y F S P
<br /> :: - � losti resrrve.until the requirement fm martgage insuranre ertd�in�ccordnnce wilb any wrilten agreement between Bonower � �.. `�'�'." ,
<br /> . and Lender ar:�pplicable law. .
<br /> . , ' ". � � 9, inspecNon. Lender or its agen�may makc reasunabie entriey upnn and inapectiuns of ihe Property. l.ender ahall � •
<br /> •' • give Banower notice ut the time o€cer psiar t�f un ins�xctian specifying reasonaMe cauve for the intipection. � . • .
<br /> ��I,� �
<br /> • ;r �N (:undtmnation. Thc prcu.�dy of uny award or rl�im fur damagcs.dircct or con�u=ntia1.in cannection with any .
<br /> " SinglcFam:;�•-'FannieHac/lrrddie�tacl:�IFI1R311VtifRl'�tEXT--I;mt�xmCirocnent, 9/91{ �Putr3nfnlTX�rx�
<br /> • creat I�ro Nu.�.'rtea�[.urte.ix! '� .
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