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<br /> ' pedads thet Lender rcquircc. The insurancc cartier providing the inaurance shall be chasen by Borrawcr�uhJect�a Lcnder K
<br /> — approval which�hall not be unrcesonably withheld. If Bonowcr fails�o muinluin cuver�ga dcKril+ed ulwvc,Lcnder muy,ut
<br /> l.enderti option,obtain coveragc to protect Lender e rl�hls in�he Ptapenl�in uccorduncc wUh pcuagruph 7.
<br /> All insur�nce policies und rcnowulR ahull bc acceptwble�o Lcndcr and shull includc a xtunJard mongoge cl�uac. Lcndcr
<br /> -- - ehcll huve thc right ta hold Ihe p��licic�and rcnewuls. If Leruler rcyuins.Born►wer�hall�umplly Qive tn Lender ull recci�K
<br /> ��[.�� af paid premfumy amd rencwal naticca. In ihc eveM af loss,Bam�wcr Kh�ll�ivc prampt n��ticc to�hc in►urwxu curri�r onci
<br /> -- L,eader. Lender may mukc prixif ai loss if nat mwde pr�mptly by Burmwer.
<br />.��v-- � Unlesg Lender and &►trowcr dhcrwicc agroc in w�ili�g,in+curnncc pr�ecvl�.rhwll he u�licd�o ns��KOtion ur Qcpuir of `
<br /> �� �M; (+ir��kr�y dumagcd, ff thc rcslarution or mpair iv ecr►rx►micully feu.tiiblc und Lcndcr� +wcurily i� n�N Ic�u�ncd. If�hn
<br /> res�c►rallon or repui�la no1 ccum�micwlly fcasible or LendcrK recurily w�wld bc Icu�rncJ, the in�uran�c�r�xccdg xhull hr
<br /> ---- _"- upplicrl to �he r+umK�ecurcd hy �hin Se�urity In�trument, whethcr ur nw�hen duc,wi�h uny exeeh� pafd w Born�wer. If
<br /> �'� Borruwer uhamk►n�11►r Pn�perty,ur d��cx nat answer wi�hin i0 duyr a noticc from l.emler ihin ihc in�unmcc rurtfer huw
<br /> „4.,:��y�F� n�'ered tn�cettle u clalm.ll�en Lendcr muy c�llect the inxurunce pmceed,. Lender muy u�e�he pnKCCJx to rcpuir or rcxl�
<br /> �.��,,�� thc PropcAy cr to puy rumx suxurcd by ihi�3erurity In�lrument.whether or nut thcn duc. 'fhr 30-doy perfud will lx�in whrn
<br /> �ho noticc ir+given.
<br /> ` :���=�v��--�-� Unle.ry Lender and Bortower o�herwiu ugree in writing, any opplicution of procecdx w principal shall not extend or �
<br /> w�,�;�,�$.;;;;� postpone thc due dAte af�he momhly puyments t�eierted ta in pnrngr�phs I und 2 or changc�he wnount of'thc puyments. If
<br /> --�=.;y�==� under parasraph 21 ►he Prapeny ia ocyuired by 4ender,Barrower��ight to uny insurunec policirs und proceeds re�ulting �
<br /> —^��`-�= from damugo to Ihe Pmperty prior to Ihe acquisition ahull pass to Lender to the extem of the sum.r securcd by thig Securiiy
<br /> .._-W,.,�s�,r;o��•�-,- �-
<br /> ----- I�etrument immediately prior ta the pcquiaition. -
<br /> --.�"'�;��;.;�: 6. OccupAncy, [jreservAlion, Malnteownce pnd Protectbn of Ihe Propertyi Borrower's l.o�n Applicatinn;
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<br /> -„t,��=. , LeASeholda Borrower xhnll accupy,es�ab8sh.nnd use the Propeny as Bornawerl�pdncipal residence within sixty days ter �
<br /> -���*"��5�'��� the execution of this Secu�ity Inauument nnd shall wntinue to accupy the Propeny as Bnrrower�p�incipal rcsidence for at -
<br /> __;nr�+�•�^�'� •• least one yertr ufter tho date uf occupuncy. unless Lender otherwise agrces in �vridng, which consent shnll not be __
<br /> -�`'"' ��� •;'�`� unreu.�onably wlthheld. or unless extenuating circumslunces exist which orc beyond Borrower�control. Bomnwer shull not _
<br /> ` �"-w ; ;' destroy,dnmoge or impAir the Property.allow the Praperty tu deteriorate,or commil wuste on the Propeny. Borrower shnll �
<br /> ,�..�;•� a.r � be in defAUlt if any farfeiiure actian or praceeding,whether civil or criminul,is begun that in Lender's good fuith judgment =
<br /> � • •�r«-_ could resulr in fort'eiture of the Property or otherwise materially impair the lien created by chis Security Instrument or �
<br />_-- � � ' Lenderk security interesl. Bormwer mny cure xuch a defuutt and reinstate,as provided in purugmph IR,by causing the action �
<br /> � ,,,��.�.��,:��� or proceeding w be dismissed with a nding thnt,in I.ender's good faith determinntion.precludes fodeiture of the Borrower's -
<br /> -- , ��� � � � intereat in the Properiy or other mnteriwl impairment of the lien creuted by this Securfiy Instrument or Lender's securiry _
<br /> ' ��S ,�� '�' inter+est. Borrower Rhnll also be in default if Borrower, du�ing Ihe laa� applicution process, gnve muterially false or
<br /> � �r'%�-����' inuccurate informntion or statements to Lender(or failed to provide Lender wilh any muterial information)in wnnectian with _
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<br /> •.�fi� -„+ -:-• : the loan evidenced by 1he Note, including, but not limited to, representntions conceming Borrower?s occupancy of the
<br /> � b��" Property as a pdncipal residence. If this Securi�y Inarument is on u lea.+ehald.Borrower�shall comply with all the provisiona _
<br />�-t'�'`������'-� of the leace. If Borrower ucquires fee litle to the PrapeAy,the leasehold end the fee�itle shpll not merge unless Lender agroes
<br />_,,�� " r�•'��' to thc mcrger in writing. -
<br /> �..�*;�:' ' .�,�i ._ 7, Protection of I.ender's Rlghts In Ihe Property. If Borrower fails to perform �he covenants nnd agreements
<br /> -��� w�"���•'-•� wntained in this Security Inxuvment, or�herc is u Iegul praceeding that may sigmficantly affect Lender� rights in the
<br />:_�_�'�..� :. °'',��'.:'M°°�.,�. Property(such as a proceeding in bnnkruptcy.probate,for condemna�ion or forfeiwre or 1�enforce luws ar regulations),then
<br /> "_� �' "'`•"�T�' Lender mwy do and pay for whutever is necessary to protect thc vnlue of thc Praper�y and Lender�rights in the Propeny. _
<br /> J�'�� � � � � Lender's uctfons may include paying uny xums secured by u lien which hus prioriry aver this Security Instrument,appenring =
<br /> 'r�;�� � '" in court,pAying rcusonnble ut�omeys'Pecs und entering an�he Pimpeny to muke repair�.Al�hough Lender may take uction
<br />� �,.�� �� � �, ' � under this paragmph?. Lender dacs not have to do sa. !
<br />--.;,� � :�.,����'• Any umounts ditibuned by Lender under this puragruph 7 sholl bccome addilionul deb�of Borrower secured by Ihis
<br /> -°� �h'� ' • Securiry Ins�n:ment. Unlexs BoROwer and Lender agree to othcr tcrms uf puyment,these umountti�hull bear interest t�om thc �
<br />=:�_,�� date of disbunement ut�he Note rAte und shnll 1+e puyuble,with interest,upon nolice from Lender to Borrower requesling �
<br /> ,._�.�. �.:':'._�:,:.: puyment.
<br /> -�� ��^�.�.. 8. MortgAge InsurAnce. If Lender rcquired mortguge insurunrc uti u conditian of muking the loun secured by thi� !
<br /> �-,.� Security InstrumeM.Borrower shall pay �hc premiumy reyuircd to muintain the mongagc insurnncc in effect. If.for any _
<br /> :,,"-��.s•,."'y � ' •%�' reur,on, the mortguge in+urwice coverage reyuired by Lender lap.e+ ��r ceutie. io M: in effec�, BoROwer shall pny �he �
<br /> ;':-� ' ' . .. • premiums required to obtain coveroge substuntiully eyuivalent to �he mortguge in�urunce previously in effect, at u cotit -
<br />=`""� • subgtnntiully equivalent�o the cost to Borrowcr of the mohgage inxurance previously in rffect, fmm un altemate mortgase
<br />-=_-'� -��y��-'���• insurer upproved by Lender. If.rubstuntially eyuivalent moqgugc insurunre coveroge i�not uvuiluble.Borrower shall pny to
<br /> = " Lender euch month u sum eyuul io one-twelfth of thc ycurly mortgugc in,uruncc pre�nium lxing paid by Borrower when the
<br /> " ''"�" insurunce coverugc lapsed or ceukd to t�e in ei'fect. LenJrr will i�rcepl.utic nnJ rctwn these payments a+a losx re.r•erve in lieu
<br /> - � � of mungage insur�nce. Loss rexervc puyment�muy no langcr tx rcyuimd,ut thc oplion of Lendrr,if monguge iotiuroncc _
<br />. -_�' 9 • coveruge(in tlx:amount und for�he penod that l.endrr reyuire.)providrJ by un in+umr upprovrd by Lender aguin becomes -•
<br />'-''°'�, ' uvAilablc und iti abtained.Boirower shull pay the premium+rcyuired to muinta�n murtgu�c in�urunce in effecl,or to provide u =
<br /> -_� ��_. �
<br />-"r;<.� . lotis reserve,unlil the nyuirenxm for mongugr inxuranre cixis in uccordunce w�ith uny wri�ten ugnement bctween Bornower
<br />-' `��• and Lender or applicable law. _
<br /> �r :' '
<br /> , 9. Inspectiun. l.ender or ih ugent ma� muke reu�unublr emric.uFwn:md in.�xction,ot'the Piruprrty. Lendcr,hull
<br /> , ; , give Borcowcr noticc ut thr�imc ot'ar prior to an in,purtion sprriTyin�:rcu+unuhlc r•ru�c li�r thc in.�xc�i�►n. _
<br /> �.. 10. Condemnation. Thc prcxccd�of uny uwurJ�rr rlain►tbr Jam:iEr�.dirc�t��r cuo�cyurnliul,in ronnecti�m wi�h uny _
<br /> . . Single Frmily••M'oank Stue/Freddk�tae I'�IFIIR�)1��7'RI'�1F:\T• l�mtami l'u�.nant. 9/90 qa+¢e±��jnlU.e�'�� F
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<br /> Tn�hkr f�ll I�M�PS.9�97A:1 l l VAII 61&1D41131
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