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<br /> .=r • pedads thet Lender�equiros. The insurance carrfer providing�he inxuronce shell be chosen by Barmwer subject to l.ender K
<br /> - --- apprav�l which shall not be unrEasonably withhcld. If Borrower fuils to maintaln covernRc described above,L,ende�rrwy.at
<br /> �;'� L,e�xkr's option.obtaln coverage ro protect Lenckr'x�ighis in tMe PropeKy in accorclonce with pwragrAph 7.
<br /> _=- All insurence policies and renewAla siwll be acceptRblr tu I,ender and sh�ll include a s�andard mortgage clauRC. Lender
<br /> • ° �. �•,�.;� �:t shall have the right ro hold the policic�and renewuls. If Lender rcquires,Borrower shxll promptly give to Lender all reccipte�
<br /> _ �� ::' • � of paid premiums and rencwal naticea. !n�ho event ai lags.Bortawer ah�ll Qivc prompt notico to the incurunce curier and
<br />-` Lender. l.ender muy make proof of loss if not made promptly by Borrower.
<br /> � Unlcca t.ender end Bormwer nthcrwisc egrcc in w�iting,invu�ancc pmreedH,;hall Mc npplfed to reatarAtion or rcpair af
<br /> the Propercy dameged, if the restoration or rcpair is economicully feusible and l.ender�� �ecurlty is nat Icssened, lf the
<br /> � -. nesturation or repair is not economiculiy feasible or LenderR secu�ity wauld bc lessened, thc insurnnce prococds shall be
<br /> • . ��-�:� applied to the sums securcd by thir Securiry Insuument. whether or not lhen due, with uny excess puid lo Borrower. If
<br /> a�'R""�'"'=� Borrower ubandons the Propnty, or does not answer within�0 days A natice from l.ender that the insurunce caRier has
<br /> ;� offened to senle n claim,then I.ender may collect the insurance prc•ceeds. Lender muy use the proceeds ta rcpair or restore
<br /> R�'.`'':i'-x;�;� the Property ar to pay sums secured by thi:Security Inatrument.whether or not Ihen due. The 3Q-day period wjll begin when
<br /> �=;;:L_4;.�3�� the not�co ia given.
<br /> Unless Lender and Bomower othenvise ugree in writin$, uny applicution of proceeda to principal shell not eatend or
<br /> �,�_��,���' �`� postpone the due date of thc monthly payments rcierred to in psuagraphs !and 2 or chungc the amount of the payments. If
<br /> ,�,�,.,.-.F-._s� under paregreph 21 the Property is acquircd by Lender, Borrower's right to nny lnsurance policies and proceeds resuiting
<br /> ,,�. ,. 1,-�,,�,_ from damage to the Property prior to the acquisition shpll pass to Lender to the extent of the sums secured by this Security
<br /> �+'�f�r*-� Instrument immediately prior to the acquisition.
<br /> - _�� 6. Occupancy, Preservation, MAintenance pnd Protection o� the Property; Borrowe�'s Loan ApplicwNon;
<br /> �r�"_a Leaseholda Bomnwer shull occupy.estnblish,and use the Property ac Borrower's principal residence wlthin sixry days after
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<br /> � �^=•.�P,-�, • - � , the eaecution of this Security instrument and shali continue w acupy Ihe Property as Borrower's•principal residence or ut
<br />_�'� ,.•� • least one year aftcr thc date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br /> ��'�,���•"�"`"r unreasonnbly withheid,or unless extenuating circumsu►nces exist which are beyond BorrowerR control. Bmrower shull not
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<br /> • destroy,damage or impair the Roperty,allow ihe PropeRy to deteriorate,or commit wnate on the Property. Borrower sh
<br /> ��'�••`�� be in default if an forfeitare action or rceeedin ,whether civil or criminal,is begun that in Lender's good faith judgment
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<br /> i '•�:'.�`,?' • � could result in forfeiture of the Property or otherwise materially impair the lien created by this Secu�iry Instrument ar
<br /> '�� ��;:. "�'�'� ' LenderR security interest. Borrower may cure such a default and reinstale,as provlded In paragraph 18,by causing the action
<br /> "4 �••: ;� or procceding ta be dismissed with a ruling thet.in Lender's good faith determination,pnw:ludes forfelturc of the Borrower's
<br />,'"�,�° �`'� � � -� interest in the Property or other material impairment of�he lien created by this Securlty Inatrument or Lender's security
<br /> �,�,� � ,� interest. BaROwer shall ulso be in default if Borrower, during the loan opplication process, gave materially false or
<br /> � �''"'"� � �`" inaccurate information or statements ro Lender(or failed to provide l.ender with any material information)in connection with
<br /> � "�''~' �* the loan evldenced by the Note, including, but not limited to,representations concerning Borcower's cecupancy of the
<br /> _-�.;�ii�,�•r,:�:���� property as a principal residence. If this Securlty lnstrument is on a leuxehold,Bortower shall comply with all the provisions
<br /> , �rt"��• of the len.ce. If Barrower acquires fee tfUe to the PropeAy.the leosehold and thc tee uUe shull not merge unless�.enaer a�rees
<br />-_�� � ° � ta the merger in writing. -
<br /> _�='� "�� , 7. Protectbn of l.ender•s Righta in the Praperty. If Bortawer tails co perFartn the :ovenantx und agrcements
<br /> -� � cuntuined in ihis Securiiy Instrumem, or �hcre i+ a Iegnl procecding �hat muy xigm�cuntly affect Lender; rights in the
<br /> ° • Pu�perty(such av u prcxecding in bankruptcy,probatc,f�►r co�xicmnu�ion ur furt'eitum or�o eufor�c luws or regulations),Ihen
<br /> . — � '. . .
<br /> _ ' °�'i�` • ° � Lender muy do and pay for whutevcr ir nrcc�xury�o pmtert the vuluc of�hc Propeny and Lcnder's rightti in the Property.
<br /> x:"' ° o~�'�•'••`' l.eoderk+utiun.r mu include a in wi �ums kcunJ b u lien which has riorit aver�hix Securit Inxtniment,a urin =
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<br />_. . - in c��un,puying rease►nuble attomcys'fec�und en�rring un the 1'n�{xrty to m+J�c np�irs.Although Lender may wke uction
<br /> .:r�� • ::• undcr this purugmph 7.Lcndcr docx not havc to do w.
<br /> - " Any umount�disbun:cd by Len�kr under Ihis purugruph 7�hall b.:cume additional debt of Bortower secured by this
<br />_ ,'�ib'�..�..�,. °'�..•" Security Instrurnent. Unlesx Bormwer und Lcnder uFrec to other ternix of puyment,these umounts shall beur interest from the
<br /> ':,; ,"� � da�e of disbursement ut the Note rnte und shall hc pnyubl�:, wi�h interest,upon notice from Lender lo Borrower rcquesting
<br />-'-i � payment. °
<br /> - �*° -• � • 8. Mortgoge Insurance. If Lender reyuimd mortgage insumnce ac A conditiun of muking the loun secured by this
<br /> - '�:�;4o't: •' Security Instrument. Borrower shnll pay the p�emiums reyuired to maintain Ihe mortguge insurancc in effect. If, for any
<br /> �:� reawn, the mortguge insurw�ce covemge reyuired by l.ender lupses or ceasrs lo be in effect, Borrower shall pay the
<br /> _ ' , . � premiums requi2d to obtain covernge subslanliully equivalent to the mongage insurnnce previously in effect, at u cost
<br /> , .,+�ti��r substnntinlly eyuivalenl to the wst to Borrower of�he mungage insurance previouxly in effec�,from an ulternute mortgage
<br /> „ insurer upproved by Lender. If subuantiully eyuivalent mortgage insurance covcr�ge is not ovuiluble.Borrower shall pay to
<br /> . -,,;;�.; Lender euch month u sum equal to onc-twelfth of�he yeurly monguge insurunce premium being paid by Borrower when the
<br />= "��4°� insurance coveroge lapsed orceaced to br in effec�. Lender will acept,u,e unJ retuin these pnyments as a loss reserve in lieu
<br /> �� • •• of mortgnge insurance. Loss reserve payments muy no lange�be reyuired, �t the option nf Lender, if mortgage insurance
<br /> � .�,..,,,�: "" covernse(in the amount und for the period�hut Lender reyuires)provided by un insurer approved by Lender again becomes
<br /> �c '; . uvailable And i�obtained.Bortower shall pay the premiumx nyuired to muintuin monguge in+urance m effect,or ta provide a
<br /> �K loss reserve,umil the rcyuirement for monguge inxuruncc ends in�rcordunce with uny written uFreement between 8orrower
<br /> � • �� �� „,: . and Lender or applicnble law.
<br /> 4 � 9. Inspection. Lender or its agent muy make reu�onuble entries upon and intipcctionx of the Property. Lender shall
<br /> - give Borrower notice at Ihc limc of or prior to un inspcction spccifying reasonable cau,e iirr thr in.pection.
<br />, 10. Condemn�tian. 'I'hc pnxceJ.uf any award rn claim f��r dum:�gc�,Jircct or rnn�ryucntinl,in connection with nny
<br /> �. SinRle F:unily••Fonnk►fodFYeddte MucUnIFQRti1 II\STRI���h:nr••u��r��m,c'ovcn;ml. 9/90 �pux�+ofA�ylgYS)
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