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<br /> � periud.tiwt Lciul.r r4yuir�s. 1tk iiuur;uuc��rrirr prc�vidine:he insurance sh�ll hr clnwrn hy Rom�w�cr cuhjcct to Lrnder�
<br /> upp�uvnl which shall no¢be u�utii�aubly withhctJ. If[lorrow•rr f;uis tu n�::intrii��overagc d2�cnb.d ahcn•c, Lciuler may.su
<br /> l.enderl aptioa,obtain covcragc to ptcucct l.cncierl rightc in thr Property in accorciatxe w ith parugraph 7.
<br /> ' All insurancc p.�licies atxl rcneu•a1s stull t+c ucceptable t�►Le�xier suu.i shall i�t�iudc a.tan�rd nwrtgagc c!ause. Lcncicr
<br /> �ha!!ha�e th�righi to he!a she policies and renew�ic. If I.rtxkr rcyuirec.E�orrow�cr�II pranQtly�ive ta Leiukr ull receipts
<br /> of paid premiums and renewal nwice.. In the event of lass,Hcumwer shall give prompe notice ia thc i�uw':i+ue cun�ier unJ
<br /> 4eculer. i.ende`may makc p�ooF c�t'tons if n��i�ii.k1.;p:amptly by Borro�rrs-.
<br /> Unless Lendcr and Bc�:row�r�thcrwise ugrce in uriting, in.wr.incc procced�sh:►11 be ap�)icd la rcalorutic►�or m�ir of
<br /> the �'ra�e:t}eiz:rsged, tf Lh.0 ICS[Ma[1CM1 M [t�ll[ IS ernnnmically feasibie anc! Lender'�securiry i� tu�t Ie�sened. If the
<br /> restorrt�on or repair is rwt economirully fe:uible or Lender` seeuriry w•ould be iessened,the insursnce pcaeeed+ shall be
<br /> applied to th�c swna secur�-d by this 5ecurity Inrtcument, whetrer or noi then tlue,with any e�;ce�s p•rid to liorrow•er. If
<br /> 8orrower at+.vuaons the Prupeny,or does not ans�cer w�ithin 30 days a notice from Lender that the insurartica carrier has
<br /> offered to seule a claim,then 4ender may collect:he insuranee proceeds. Lender may use the proceeds to repair or rcstore
<br /> the Property or to pay sums secured by this Securiry Insttument,whether or not then due. The 30-day period will begin when
<br /> the notice is given.
<br /> Unless Lenr;er and F3ormwer otherwise agme in writing,any application of ptoceeds to principal shall not extend or
<br /> postpone ttie due dau of the monthly payments refemcd to in paragraphs 1 and 2 or change the amount of tha payments- 1f
<br /> wtider paragraph 21 the Propeny is acquired by Lender, Borrower�nght to uny insurance policies and proceeds resulting
<br /> from darra:ire to the Properey(x►or ta the acquisition shall pass to Lendcr to the extent of the sumc securcd by this Security
<br /> Llstru�uc iavnediately prior to the acyui:ition.
<br /> 6, ikrupaucy; Preservattou, Mainteaance and Protectian of the Property; Borroaer's Loan ApplicstIon:
<br /> 1,eaSeholtic. SoROwer shall cecupy,establist►.and use the Property:�s Borrowert principal rcsidence within sixtk ei..t�s afGrr
<br /> the executim of this Security Instnunent and shall continue to cecupy the Property as Boaower�principal nsidknee for at
<br /> le�st one �ear after the date of occupancy. unless Lender othera•ise agrces in writing, which consent shall not be
<br /> unreasonablp withheld,or unless exteneiadng circumstances exist which are beyoad Borrower�s control. Boirower shali nc+t
<br /> dostroy,dai��e or impair t}►e Propeny.allow the Propeny to dtteri�aca:e.ar commit waste on the Propeny. Bormwer shall
<br /> be in default if uny fo�fe:tut�e action or proceeding,a•hether civil or�rimir�al,is begun that in Lender's good faith judgrnem
<br /> could result in forfeitu.a of the Property or otherwise materially impair the liea created by this Security Inswment or
<br /> Lxnder's security inures� Bo�rower may curc such a default and reinstate,as pro�aded in patagraph 1 S,by causing the action
<br /> or proceedir3 to be dismissed with a ruling that,in Lender�good faith determiaation,precludes forfeiture of the BorrowerS
<br /> interest un thz Property or other materiaL impairtnent of the lien c�ated by tfiis Security lnswment or l.ender's securitp
<br /> interest. Borrower shall afso be in default if Borrower, during ch� loan applicarion process, gave materially false or
<br /> inaccurat�inf�im or statemenu to Lender(or failed to provide Lender with any mater�al information)in connection with
<br /> th� lout evidenced by the Note, including, but not limited to, representadons conceming Barower's aeeupancy of the
<br /> propert�-as�prineipal trsidence. If this Seeurity Instrument is on a leacehold,Bcxrower shall eomply with all tiye pmvisions
<br /> of the leas�. If Borrowar xquires fee title to the Propett}r.thc le.aseh,.ird and the fee tiUe sball aot mer�e unless Leuder agrees
<br /> to the mergpr in writing.
<br /> 7. Hvt�tfoA o�Leada''s Rlghfs ia tbe Property. If 9orrou•er fails to perfom�the covenants and agreemeau
<br /> conttined in thas Securiry Instrucnen� or there is a kgal proceeding tt►at may sigmficantly affect Lender!s rights in the
<br /> Property(such�a pc�oceading in banlQUptcy,probate,for condemnarion or forfeitum or to enfora laws or regularions)>th.n
<br /> l.rnder m�y do and p�9.far whatever is necessary to prouct the vaiue of the Property and Lender's rights in the PropeRy.
<br /> L�t�der's acdoru may include paying any sums secured by a lien which has priority over this Security Inswmen�appearing
<br /> - -- -in�coutt, �aY'r^8 nax°nable auomeys'fess aud enkring on ti�e i'mp�erty co tnaice tepaus.Altiwaga i.ender may iaie aai�a - . .
<br /> under t}us p�ragraph 7,L.ender does not have to do so.
<br /> My anuwnu dislwrsed by Lender under thiv paragraph 7 shall lxcome addi6onal debt of Borrower seceued by this
<br /> Socurity Insuumeni. Udtss Bornower and Lender sgroe to other terms of paym�nt.these amounts shall beu intrnTst from the
<br /> date of��,*�i*GTM�^r at the Note rau and shall be paya�le,with intcrest,upan notice from l.ender to Bwrower requesti�r,
<br /> cu.
<br /> ��& 14lortgaQe Iavu�aca if Lender requ'ved matgage i�sivance as a condirion of ma3cing the loan secured by this
<br /> Security Luttumeat, Bomower shall pay the pnmiums required ta maintain the mortgage insur,.nce in effec� If.for any
<br /> reason, the mortgage insurmce covenge requircd by Lender iz�ses or ceaces to be in effoet, Borrower shall pay the
<br /> premiums nquind to otx�in covaa�e substantialiy eguivalent to the mortguge insurance pisviously in effxt, at a cost
<br /> substaotially equivatent to the cost to Bomower of t2x.mottgage insur�nce pretzovsly in effxt,from an alutnate matgage
<br /> insunr approved by Lendu. If su�tially equivaleru mortgagz er�curance coverage is not�� 'a�:able.Bomower shall pay to
<br /> Le�nder e�h snanth a sum oqual co one-twdith of the yearly moitg�ge insurance pnmium beiag paid by Borrower when tLe
<br /> insur�nee ooverage lapced or ceased to be in effeet. I.ender wi!!accept,use and retain these paS'rnei►ts ac a loss rescrve in lieL
<br /> of inertgage insurance. Loss reserve paymenu may no longer be reqwned,at the optias of I.ender, if mortgagc insurance
<br /> coverage(in the unount and for the period that Lender requires)providod by an insurer apprc�ved by I.ender again bocomes
<br /> available�nd is obt�ined.Borrower shall pay the pt+emiurtu requined w maintain mortga,gz insur.vsce in tffect,or to provide a
<br /> loss nserv0.until the requuraxnt for nwrtg�ga insursaoe wds in accordana with aay writt��eemeat bctweco Horrower
<br /> aocl Lead,er or applicable law.
<br /> 9, Inspeclioa. Lender or its agent may maice relsonable entries upon and inspcctions of the Property. Lender sh�ll
<br /> givc Bomowa notice at tTae.tune of or prior to an inspecdon specifying�cot�ble cause for the inspocrim.
<br /> 1Q Coodemattio�. 'i7je prooeeds of any award or claim for damages,direct or coouqueati�l.iu cactyection with any
<br /> Siq�le Family--Fsr�k MadFlreddie Mae UN�iOH1M W57'RUMEhT—Uoifam Covenaotc 9JAi (page 3 oj6 paget)
<br /> . aMt tats lor.s.Fa.►I�a■
<br /> Tphd�faF 1a0pS1DWqOIAIN►T�f1191
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