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<br /> � periods tt�at i.rnaer n�uires. 1�e inwraace cartier poviaing ti�e ins�ranat s6av ee chosea►by Ra�mweE sub�occ w Le�ded§. ,� _
<br /> '= � � "� � �appmvai dfiich slu�lt mt 6e murawna�ty witishekl. U Boaower EaiLs to mainc�►cavecage desc�ibed abavc lrtndes may.at _ -
<br /> L,endGr�s option.obtaincoveragc tn pmtcct Lender's rights in the Pt�perty in ucoN�ce with patagraph 7.
<br /> - Ali instuaace patlsies and naewa�'s stull 6e acreptabk to i�de��nd shai!include a s�aadar+d mortgage clause. Lendet
<br /> shall tiave the rig,ht to�oldi ti�e policies and rea�wats. if I:eu�ter teguims.8ar+�wtr shatl F�PUF S�ve to Lender aU reveipts -
<br /> of paid pctmiuc��mnd��� ia the ever►t of toss:�c�ttnwec sfialt g"�ve promq notice w ihc insurance carrier and
<br /> Leodet. LendC��aay mzke p�aof of toss if not m�de P�PaY�Y��� '
<br /> LetxleX aa�.$otr!owqr atiKZyyiss_agee in writia�_msuranx pcocerds sbalt be applied to nscoration os repair of
<br /> -- - -- -- - V� - ___,
<br /> �______�.-- - --- - the Pto�erty damagcd.'if�the restaation or tep:+u.0 ec4nomically feas�'6te an3 l:ea�trs_sccuriry is aot tesse� lf tiie - -- - -
<br /> -- �estorwoa or reqr�ic,is not isditomicaliy feas�k•or tendec's secmnty woptd 6e lessencd.ihe in.wrance pconceds shall be
<br /> - appGed m the sams savt+ed by tlns Security Instctimen�.whctlKr or not then due.aith any eacess paid to Bormwcc. If -
<br /> '-':� Borrower abandons the P�opertY.or,d4es not,answer witDin 30 days a notice fmm i,ertdes that[he inwiapct carrier has
<br />-" offe�ed to settte a ciaim,tden l.ender may collect�the insucance Pcocesds. let�dec may ase the prooeed.s to mpav or rescar
<br /> the Pcoperty a to pay swn�secyced by�tiu�S�cwi1Y 1ns�ua��.whether or not then due. The 30-day p�rri�od will fiegin whea _
<br /> � the natice is given. —
<br /> ��' � Unkss l.er�der and_Borruwer ot4etvrise agree in wridng.any applicador►of proceeds to principaE st�all nat eateud or -- —_--
<br />- _ '_ , pastpone the due date oY ths.manthtY paYmaits refernd�o in pazagraph�1 and 2 ar chunge the amount of the p��u. If -
<br /> -'� � under p�vagripG�=�i�tbe�opert3'is acqniied by Leuder Boimwer's dghi,to any insurance policies and pcaceeds resulting ___ -_-
<br /> finm darmagc tci thC�'topeny prior to the acquis�tian sdall pass to LerKkr w the exunt of the sums secund by ttus Sxurity � - ---
<br /> - .Tnsa�unent inini�;diatety�or m the acquisiria�. - .� �`'``�"- - -
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<br /> . "` ' . . 6. Occupaqcy,PreservaUon. Mainteasiwe �ad Protcction ot t6e Piroperty: Borro�er's Loan Appiintbn: . , . . �:is�a;_�—
<br /> . -"r_ l.�axlwlds. Borrowrr shall aaa�py.establish,and usa tbe��rtY as Barrower s principal oesidence within siaty days after �'�,�.i�;=T_-:
<br /> ��- ihe executian of this Socnrity Luuument and shail_coatimie to accupy tb�Propeny ac Baravret's principat reside�ce fa at �'`��=:'
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<br /> c:- least c�ne yea� after Ihe.date of accaparcy,-untess l.e n d e r o d�e c wise agrees in wri[ing. w Hi c h•,con s en t s h a U n o t be �`'.�r.
<br /> :;.` '��:� �rnteasonably withheid,or anless eatennating sarcnmstances exist wiuch are beqand Sorrower's ca►tnol. Som�wer shall nat ',��.�
<br /> i �u• ' to deuriarate.a cammlt wacte on the Pro . Barrowei shail � '" ' �
<br /> --�- i :� desmny.dama8e a impair the Qroperg.al g' t�sc"�'ropertY P�Y . .. `'��
<br />� ��` • , t��t defauTt if any focfeittu�a�etion oa ptaceed'�t�.whet�c.�ivi}or crimina�is 6egun that in Lender's goad faith judgment .
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<br />` '�, i�,•�'" "` cic�Ict result in fdrfeilure Of,di�:Praperiy ar otherarise•.asati�riaUy impair Ihe lien created by ihis Security lnsuument oc •,.� .•-
<br /> �.;��;, r,:r' � 1.ender's sccurtt��terest. Sorivwer may care such a de'l�:�and n�n.wate.os provided in pardg�apb IS,by causing the action 4��t�:'`, :-_.
<br />_- � or p r o c e e d i�u3��ism i s s e d wi t h a�u ling t ha t.i n L e r�e ff s g o o d f a i t n d e t e n n i n a t i a n.{u e c l u d e s fotfeiture of the�ortower's. . . �=._T- __, y
<br /> "'�, '�`,•'`�t•.•:���".��' .� int�erest in tls�:�erty or other mateiia!impairment of:ti��,lien created by this Secunry Instrumetit or Lende�'s security - � ,�n�4 ,`�:_
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<br /> .r�. : x��i�>: : ° ': intere.st. 8oaid►�er shall atso be in defauit if Borrowe�;:d�ring the laan application process.gave materially false o� `;:;.� �F.�;J„,r �
<br /> �� =�:f�`•``=:^ - �. �te information or statertients to Lender(ar fa�'!ed�s.��ride Lender witli Any material information)in connection with � ;$:�--:,�<< ;�
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<br /> tI�to�a evidenced 6y th�Nate. including, but not tirr:�.eo,representations conceming Brnmwer's occupancy oi the : fti,�<<`', �, p-aw�f
<br />� `'��_ - • . Pca�as��r.r�ipal residence. If this Seu:s�ty]nstrumer.z i�on a l�sehoid,Barrower shali comply with al!the provisions t,5;�;= . ;=�:a.Y�.
<br /> ' ``�'•- � '- , of:4t:��`,���d,.uyuwer acquires fee tide car��rapecty.the leaschold and the fee title sfiall not mergeunless L.ender agroes : r�-
<br /> ,�;�;.:.;'f.�;:'k'° tcti�ifY:r�na•�'u& • , ' ; _ �s' .
<br /> , i "�Ti.4i�?��.�.. :�.� �i�ia�n o�I.eader's Rigl�ts�n the Property�.. If Bamov:er fails to�xxf.�m► ihe covenatits and agreemcnts . .. ,..� �`,f ; ��_ -=._
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<br /> 'a-°,��,.�,; _ . .. cai�-�ecF�`s`�:Security Lnsrtca�ntnt. or ihere is a tegai{��eding t�i may st �fr�ntt affect [.enderk rigftt�i�the . . ,��.�,,, �r. x�n-
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<br /> �,; ; '� :`� Pt��esty(suc�!as� oceediag��ankruptcy.pro6ate.far iscr'.,a.;�nauo;t ar forfeit�teacio enforce taws or regulaaar.�l�chen :� �;,�L:;�,_.:°.,
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<br /> i:,r`,�i . Ltroder may.dv a.�pay for whatever is necersary to prote:x:Ere vafue 6[xhe Praperty and Lender�rights in the�. •. � . r��`:;;,��, ... � ;_:
<br /> � :.'�:,�:5 � LenderE actiors c��inctude paying any Fu�v iecured by a lien which has priority over this Security 1nstNmen�ap�r�g �.
<br /> in court.paying t�-sonabte attomey.s fees and entering on the Property to make repairs.Althaugh Lender may take action r -
<br /> under this paragraph 7,Leader dcec not have to do so. •
<br /> � *. Any amountc d�sbursed by Lender under thic paragr3gti 7 shall become additional debt of Borrower secured by this ' _
<br /> • � ' . Security tnstrument. Unless Hatrower anc!t.endes agee c�.cti�er temts of paymen�,these amounts shAll bear interest from the . _
<br /> ' date of disbursement at the Note rate•arul shati be payable.with interest,•upon aatice from i.ender to Borrower requesting � , -
<br /> -.- '• • p�ymenG . � � �
<br />' ' : :�,s,:.. '� '' . 8. ARartg�e it�oranca If i.ender c�tiicG�mortgage insurance ati a candition of making tine.Toan secured by thic - �;;'
<br /> � •� ' Seeurity InctrumenE,Barrower shall�pay ih:..�sr�^�u:ns r�:.�'sred to maintain the mart;�e insusartc�ia effeet. If,for any ,�.,.�'..• ''-
<br /> ����'` ��• � rea.con.�the morlgage insurance coverage r�c;::rred �y•L:��:r lapsec or cea�+es to ti�an effect. Borrower shall pay Ihe �i,�•:;;;;; '
<br /> ''`��.'���.��%`'�% ' ums uired to abtain�cc�vera e substx.�tiaH e �;w�!:nt to the mort•a�e in��arar:ce reviousl m effect,at.a cast ' , . -
<br /> � ':'.:'?:":'�;��'� ' ' sub�stantially�e.qe�ivatent to the coyK to Bor�uF•er of thc marcgage iatiurance p e Iously in effepct,from an attemate mortgage i ' ��� • `�
<br /> �'"��" ''`°`��``�� insurer a ro�•e�b-�:Lender. Ii sub�tantialf aiv�lcnt ma» a e insuraieee¢overage iw not availabte.8orrower shall a ta ��' ��'
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<br /> ::�,,; � Lender each�or�Cx�a wm equal to one-ta"fc�e of the year{y mongage ismsuranre premium bcin�paid by Bnrrawer when the ,
<br /> ;:�;.;�.,-:.;' : •
<br /> � ,,;;;�aj6�,_. • _ insurance cavei�s„�,e�tap.�ed or ceased to be:��:t:�ect. l.end`r will accept.u�e and retain thesc paymentr aw a lass reserve in lieu
<br /> �•,���,,,��?ti� � of mdhgage �nsurance. Loss_sesecve paym=r s may nu_��nger be rcyuired.at thc option oi I.ender. if martgage insurance � .. ,
<br /> .r�•.�� coverage(ia the�mount and foc the penoct tHat l.e�der rec�nrre�)pmvided hy an insurer appraved by Lender a�ain becomes .
<br /> • • � � "� pvaifable and i.4 a5tained.Harrower�half pa�•ct-�premiumv required ta maintain mortgage intiurance�n eNect,or to provide� . ' '
<br /> ` . ,� ." loss reservc.unsil the reyuiremcnt foe mu��.%��nsuiance ends in accardancc with any writtcn a�;ncmcnl between�onower - . ;'�:�':
<br /> ' and Lender or applicable law. , . �
<br /> • ' 9 Inspectlon. Lender or its agent ma} makc reaconabfc cntric�upon and in�pectiuns of'the Pr«peAy. Lender.rhal! ' �'�
<br /> � give Barrower notice at the time of oc prior tu an inspection specifying rea,ona6le cau.e Cnr the in�pection.
<br /> � 10. Coedemrt�tion. Thr praeeed.of�ny award nr claim fnr dani:�gr..dirett�ir ccin+cyuerttipl,in rannection with any
<br /> ,�`: - • Singlc F:uudy..Faaele�f:w/FreQdic S1ac t�IFIIRSIIV4l;Rl"NE�T-•t'ni(armC�svcnanh 9�90 Ipu�;��njbpotP.c� j `
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