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<br /> perio�tIW Lender�ric�es. The inaus�ce curier pivviding tl�e instuance sl�att be chosea 6y eorrower subject to[�pder� .
<br /> approval v►�hich slq1T mt be.mMasonaWY withl�etd. lf BoROwer fa�'ls t(�m�intai�t covetage described abovc.l.ender aaaY•�t .
<br /> L,ender•s bption,obtaenwveragc to protect Lender's rigtas in thc Pmgert}r in accocdaaa w�t6 paragnph?.
<br /> Ait'snwtante Poticies and teaewals shalt be�eptable w I.ender�d sbaU inctudc a standani matgag4 clause. Leader :
<br /> slwll i�ava the rigbt ta hnld the Qoliaes and reaewats. ff I.eeder.t�s•��O�er shall pro�nP�Y Pave to Ltnder all rtrei�s
<br /> of p�p�iurt�s and cenewat not�aes. In the evmc of�oss.Bomower sha11 give prompt aotice to the insurance caaier and !�
<br /> L�afder.L�et�der rt�ay tnate proof of tass if not mad�promptiY bY Bo�mr�ver.
<br /> ,. Ueless landtr ard 8orrower othenvise agtu in writing.u�surance pmcoeds shatl bc applied to crstrnatioa or repair of
<br /> _ --=--_--�--� -- -tt�e F�pe:cy-��the trstMation ar rcpair is_a�ttwmicaU r�f�'6te a�t.ender�.seSUrttY is aot tesseoed. If�he -- — - - - -
<br /> i+�scaitian a replir is not oca�o�nicallY feasihk or l.enders sec�uit5'arould be�esset�ed.Qie insru�noe pcooeeds stialt be
<br /> applied to the sums s�eciued 6y.this Security Inswmen�whethet ar not tAe�due.with any excass paid to BaroweG 1f --
<br /> iu
<br /> Baxawer abmdons the Prope�t}�.oc daes not aaswer within 30 days a notice fmm lroder that the imvrance caerier.l�as
<br /> affaed to settl�n claitR then Lender may rnUect t6e insurrnce proceeds. [ender may use t6e p�uceods to cepair or�+estae
<br /> _- _ .. tlse proQerty or to Qay sw�s sav�ed by tLis Secl�ri�!'Ituu�me�wllethet or ilat tisen due: The 30-day period wi!!bcgin when
<br />=�'- the twtice is given.� .
<br />�,: 1lnless l.rnder and Ba�4wer athe�wise�in wriGng,anY aPPUcation of ptacxeds to priacipat shall not extend ar --
<br />- � 4°�P°��due.date oE the monthly payments tefers�d to in paragraphs t and 2 or change the amaunt of the gayments..If --
<br /> - unDer paragraph�t the Rbperty is acquiced by Lender.Bomnwers nghe to any insurance policies aad procceds resWung �__._�-- - --
<br /> from dunage w dx P�p�ty Pria to the acctuis,non shan pas��Lender co drc excenc of the svms secu�ea by dris see�uicy —
<br />- Iasirument immtdiutty prior W tbe acquisitiott..: —=
<br /> i� pec�y, Preservatios, M�iotet�ance aad Prahctba of t6e Property: BorroWa's Laan Applkatbn; _ __
<br /> . � Lesrel�oids. Botmwer shai!ovcupy.esta6lish.and use the Plcapecty as Bomower's•pcincipal residence virithin sizty days after' �-_�-i
<br /> - - the execuam of this Security Tasuument and sh�il continue to occupy the PmpertY as Bor�awer's pdacipal nsidence far at �'=-
<br />- least oae yea� after the da�te af�ccupancy._nnfess Le�tder otUerwise agrees in writing. which carssent sha1F r�ot be �;�.�
<br /> . wuieasonably.withbetd.ar uniess extenu�ting sueumstances eaist which�ee beyond Bocrower's conaot Sa�rmwer�not - �L�=_
<br /> 3 destrny.dama8e or.anpair the Property.allow.the Ptoperty to deteriorate..or cortunit waste on the Ptapeitg_ Bosuvqessbml� _: _. _ _--
<br /> '` be.in default.if�ny fafeiturc actian ar praceeding,vvhether civ�Qr criminal.is 6egurt that in Lender's good���d�ent. �-, �=_-
<br />. .,� ��. could result in forfeitute of the PropeRy or otherwise mat�rially impair the lien cceated by�his Se�w►clr[a�rt°t �
<br /> � Lc�der's securiry interest. Bortower may cuie such a default and reinstate.as provided in paraBraPh 18•by'c�g��°� a�' -
<br /> �..�e. �_
<br /> . ` oc ing to be dismissed with a�vting that.in l�nder's good faitb detem�ination,Precludes focfeiture of�e 6e�nwer's e?x�,� -
<br /> P�'�'� . �>:`�---
<br /> _ interest in the Praperty ar other materia!�mpaiiment of the lien created by this Secvrity Msuumeat ar.te�y:s�cunty `..���,_*:
<br /> `: inte�est. Rnmuwer shall also be in default if Horrower.during the toan application process. gave niate�iaSt�;faise or :�..«<�_ .,
<br />. - •�., � inaccurate informatiaa nr statements to L.ender lar failed tn provide Lender with any materiai information►iie.oo�ecuan with . ��4-:Y:.�-�
<br /> - ''` ` the loan evidenced bjr the Note.including. but nat IimaeA to, cepresentations cancemin� Borroaers oa�cll.of the " ,;;�;;',_
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<br /> ; Property as a principal residence. IP this Security Instrument is on a lea.tiehold Borrawes shall eompty v�nis atic�epmsisions �'�'��.'.'='
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<br /> ;,�' `� of ehe k.ase. [f Rotrawer acquires fee title to the Property.the leasehotd and the fee tide shall not merge uutess�ersd�`a8r�ees - �..*"�_
<br /> �,;�4:i � to the merger in writing. #.'°=�•:-_
<br /> 7. Ptotedioa d Lender's W�hts ie tbe Property. lf Bormwer fails co perform the coveaanis and agreements
<br /> � = contained it�this Security Instrument,or there is a legal proceeding that may significantly affect Lender's• rights in the .;�- '_�-'_
<br /> �,r�r'���;.i�•;, Propetty(such as a proceeding in l+ankruptcy,probate,for condemnafion or forfeiture or to enforce laws or regula�ioris),then `.:+'` :�
<br /> ' ''��`;�-.'� Lender may do and pay for whatever is necessary to protect the value�of ttte Propecty and Ixr�der's rights in the-L�roperty. , s�- . 'y-:-
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<br /> . - . Lender:s ac[ions may inciude paying any sums secured by a lien which has priority over thiy Securiry la�mimen�app�aring 4;;�;.
<br /> ��•��'``� ` in coure.paying reasonable attomeys fee�aad entering an the Praperty to make repairs.Although l.ender may tak�action � • �•;��
<br /> � � ,,�"�"'-.`'�'�"' under this paragraph 7.l.ender daes not have to do so. . _ � �'``:
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<br /> ,_; � �. Any amoun�c disbursed by l.ender under this paragrapb 7 shall become additional debt of Borrower secured by tlus ' .� ;�:
<br /> .;:';,' ,.�•'S`�-�''"3� ` Security Instmment. Untess Borrower and L.ender ir�?,e ta ott�er tem�s a[payment,there amounGc shall bear interest from the � �
<br /> ��:� .; :��� :-:�:-, • "•`=�'`-.
<br /> �'�"�' � ���:-•?� '-;--� date of disbursement at tfie Nate rate and shall be��g.ai�!�.�ovith intcrc�t,upan notice fram Lender to Bartnwer requesting . _�r._
<br /> . ,�r���rs�;;;,s- � p�ent. � � � � '�=-
<br />' wi .� 8. Mortg�ge lnsur.�nce. if Lcnder required mongage insurance:+.ti a wndition of tnakins�he laan zecured by this. :�____
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<br /> ' � '•��.'r �'• Security lnstrucrten�. Borrowec shall pay the premiums required to maintain thc mortgage insurance in effect. If.for any ' �. ���(_='_,
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<br /> ,;;�� ... • • reason, the mo�c iatiurance wverage n:qwrcd by l.ender lapses ar cr��cy tc� he in cffcct. Borrower shall pay the :'�.
<br /> � �;�?-�„��°�._ . premiums reqain�:u nBtatrc coveragc sub�tamially equi�alent ta thc mnrtgage intiurance previously in effect. at a cost � ' ,.�_;-
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<br /> .���,� �;r.,. . substantialty eqr�ivatent to the co�t to Botrower of the mertgage insurance previously in effect,from an altemate mortgage
<br /> � . �'' fyT�.�..
<br /> ' •.. r "�.• {Y��`.' ` . ;nsurer approved by l.ender. �E 5ubstantiaily eyuivalent moR�ge imurance covcragc�s not:�vailable.Borrowcr shall pay to ` �,
<br /> '`��N�` �'�� Lender each marith a sum equal to onc-twelfth of the yearly mungage insurance premium beins paid by Barrower when the • ���-" '
<br /> �� ,r�:;;=4 ��:•�•��� ��� �� � �==
<br /> �. ,::;�:i� jy� :,Y:�;��-;``,:•:'' . . in.r•urance cacera;e lapsed or cea.�ed to be in effect. Lender will accept.uu artd retain these payments 3s a loss reserve in lieu
<br /> 1'-�
<br /> �•;,.��;, --,•:,- •:;.a af.mortgage insumnce. l.oss reserve pa;m:�;.:y may na tonger be reyuired.at the option of i.ender.if morlgage insurnnce ---�
<br /> '�•:j+?� '"••`��'•'" " ra��crage(in the cunount and for the penod t:iat l.ender rcc�uire�)provided by an insurer appraved by L,ender ugain becomes � � �'�--
<br /> •.F,;.:�7: •'�•-:�':.�+'_{.�,� : .
<br /> . ,t;. ,,;:�,;�,; ,,; a��::�3�bte and is obtaincd.Burrower�hail pay the premium�rcyuired so maintain mongage insurance io effect,or to provide a �,. � :
<br /> �` � '=g--- ":•_' {oss reserve,until the reqoirement for martgage insurance ea d4 i a�cc a r d a n r e w i t h a n y�►ri u e n a g r e e m e n t 6 e twee�Bvrrower � .
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<br /> `� � � and l.ender or applicable law. . � .
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<br /> •:�:;r. • 9 Inspection. Lender or its ugent may makc reasonablc cntriet upcn and ir.�nections of ihc PropcAy. l.ender�hall
<br /> �, .. _ glve Borrower notice at the time at'nr pn�r tu un inspectiun ti�x:rifying n�or.able ra��e:or the inspection. i
<br /> v�,', •: • 10. Condemnatiun. The praceedti oi:�ny award��r claim for damage�.Qirect or,;t�.seyuemial,in cannectian with any � .
<br /> . . Singlafamily..}annkSttir/Freddie�tacL'�IFUR�11%tiTRl�1FrF--ti:_thrmCuvcnaniti 9l90 lpa.tr.i:�bixiRP.0 i
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