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<br /> -�=n ��-�-� . 92-106153
<br /> ,-� perioda thal l.ender requires. The insurance carrier providfng�he inaurance shall be choscn by Borrower subject to Lendcr'x
<br /> ' approval which shall nat 6e unreasonably wi�hhcld. If Borrower fails to maintaln coverage described above.lxnder may,at
<br /> L.ender's opibn,obtain coveruge tu protect Lender�rfghts in the Praperty in:tccardance w(�h peragraph 7.
<br /> All insurwtca policles and rcnewals shall be acceptable to Lender t�nd shnll include o sts�ndard mortgage clause. Lender
<br /> • shQll have 1he right to hold the policies cind rcnewals. If L.ender requires,Bortower Rhall promptly give to Lender all rcceiptx
<br /> of peid prcmiuma nnd renawal notices. In the event of loss,Borrower ahall�ivc prampt notke to the insuranca carrier ond
<br /> �.�� L.a�der. Lender muy makc proof of losa if nd made promptly by Borrower.
<br /> Unless Lcndar and Borrawer oQ�erwi5eogree in writing.insursu►cc proceeds shall be applied to rcstorntian�r repair�f
<br /> the Property damaged, if thc rcstoration or�epoir ia economically feasible and L,endert secu�ity ia nw lessened. If the
<br /> restoradon or repuir ia not economiceliy femible or Lender's security would be lessened. the insurance praceeds shall be
<br /> � applied to Ihe sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower. If
<br /> _-___— Borrower nbandons the PropeAy. ar daes not answer within 30 dsys a notice From Lxnder that the insurnnce cumer has
<br /> :AL��,:;;,�;;��,.'� offered to settle u elaim,the�L.ender may collect the insurance praceeds. Lender may uae ihe prceeeds to repair ar res�ore
<br /> _���'+'� the Property or to pay suma secured by this Security Instrument,whether or not then due.The 30-day period w111 begin when
<br /> .�°.".".,.."...,. - the notice isgiven.
<br /> �-`_:-=;=°"'•'a Unless Lender and Borrower othenviise agroe in writing,any upplication of praceeds to principal shall not extend or
<br /> ii" postpone the due datc of the monthly payments referred to io paragraphs 1 and 2 or change the amaunt of the payments. If
<br /> �������'' under pnrag�aph 21 �he PropertY �c ec4uired by Lender, Borrower's right to any insurance policies and praceeds resulting
<br /> , from damage to the Property pdor to the acquisition ahall pass to l.ender to the extcnt af che sums secumd by this SeGUrity
<br /> ' c!:.'*_ Insdrument fmmediatdy prior to the acqwsition.
<br /> - 6. Occupnncy, Preservqtion, Maiaknance And Protectbn of the Property; Borrower's I.oan AppllcAtion;
<br /> �� lxASeholda Barrower shell occupy,establish, and use the Properry as Borrowerk principal rcsidence within sixty days after
<br /> �°i;R•�''8`°'''�`� the execution of this Security Instrumem and shnll continue to accupy�he Property as Borrower's principal res�dence for a�
<br /> � �'��.-3:��:m�,,,�� least one year after the date of accupancy. unleas Lender otherwise agrees in writing, which consent shall not be
<br /> � "v- unreasunably withheld,or unless extenuating circumstences eaist which are beyond Borrower:s control. Borrower shall n�t
<br /> �``"`�'`.q-A:'�- destroy,damage or impalr the Property.allow the Property to deteriorate,orcommit wu�le on the Property. Borrower shall
<br /> be in default if eny forfeiture octfon or procading,whether civil or cr�minal,is begun that in Lender's good falth judgment
<br /> __ ��•, y;� cauld result in forfeiture of the Properry a otherwise materially impair �he lien created by this Security Insttument or
<br />^ ,•,-- ;;. . [.end.r's securiry interest Borrower muy cure such a defuult end reinstare,a4 provided in parugraph 18,by causing the action
<br /> .'�;.:� . • or proceeding w be dismissed with a ruling that,in Lender's good faith determinntion, prccludes forfeiturc of the Borrower's
<br /> — •=• ����5� interest in the Property or other materiel impaim�ent of the lien creuted by this Securiry Instrument or Lenderk security
<br />-- ;�k.r;'::•. ..;r. intores�. Borrower shall also be in dafault if Borrower, duriog the loan application process, gave materially false or
<br /> in�ccurate infom�ntion or statementc to Lender(or fuiled to provide Lender with any mutedal information)in connection with
<br /> ,l'°�•� the loan evidenced by the Note, including,but not limited to, representa�ions conceming BaROwer?s occupancy oi the
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<br /> ---------— == i'rap;.ity as a principaf res�desm. If ttsis S�cur":s;Insmim�nt ic nn a IeusehulJ. Bu�.uwer shall comply with a!1 the provisioas
<br /> re ��
<br /> � . ' � of the lea.tie. If Borrower acquires fee title to the Propcny,the lensehold and the fee ti�le shall not merge unless Lender Agrees
<br /> •b. ` �� � W the merger in writing.
<br /> —_ ' ' 7. Protectlon oP Lender's Rlghts la the Property. If Borrower fails to perfarm�he covencints and agreements
<br /> contained in this Security Insuument. or �here is a legal proceedin� �hnt ms�y significantly affect Lender's rights in the
<br /> .''' ,t� Propeny(such ac u proceeding in bankruptcy,probs►te,for condemnati�n or forfeiture or to enforce laws or regulations),then
<br /> —" �.;.•� Lender may do and pay for whatever is necessnry to pratect the vnlue of the Prope�ty and Lender's righ�s in the Property.
<br /> � . T'`�.�;�YBi ' I.ender's actions may include paying smy sums securea by a lien which has priarity over�his Security Instrument,uppearing
<br /> •• in court, paying reasonuble Attameys'fees and entering on the Property to make repairs.Although Lender may take ac�ion
<br /> ��• ,� ' -�:_' under thia parAgmph 7.Lender does not have to do so.
<br /> � ;,1�;;'�,''°"" Any wnounts disbursed by Lender under Ihis ps+ragrnph 7 shall become additional debt of Bomower secured by this
<br /> Securiry instrument. Unless Borrower�nd Lender ngree to other terms of puyment,these umounts shall beur interest from the
<br />.� ,,.� .. date of disburscment ut the Note rute i+nd shall be paynhle, with imcrex4 upon notice irorn Lender to Borrower requesting
<br /> � „�, payment.
<br /> _ ,. „ �. 8. Mortgage Insurance. If Lender reyuimd mortgage in,urunce us u condition of making the loan secured by this
<br /> -- .,�,.:;C „�,. Security Instrument,Borrower shnll pAy the premiums reyuired to maintain tiic mortgage insurance in effect. If, for any
<br /> — � .; reason, the mortgage insurance coverage rcyuired by l.ender Ippxes or ceases to be in effect, Borrower shall pay the
<br /> premiums required to obtain coverage substan�iully equivalent to the mongUge insuronce previously in effec�, at a cost
<br /> � Iiy�C�.•.' � substantially equivalent to the cost to Borrower of the mortguge intiurance previausly in effect,from an nitemate mortgage
<br />=�. i�urer upproved by Lender. If subsiuntiully eyuivulent mortgoge insurunce coverage is not nvailnble.Borrower shall pay to
<br /> ��• "� ' Lender each rnonth a xum equul ta one-twelflh of thc yeurly nwnguge insurunce premium bcing paid by Bortower when the
<br /> _ �•�- ;'�: ,� insuranee covernge lupsed or ceused to be in effect. Lender will accept,use and rctain thcse paymentx as u loss reserve in lieu
<br /> a- '�': ° of mortg�ge insurance. Loss reserve pnyrnents may no longrr bc reyuired,ut ihe option of Lender,if mongage insuronce
<br />- coverage (in the nmount und for the perioci�hat Lender reyuirexl provided by:�n in,urer approved by Lender agnin becomes
<br />` �'� r � nvnilable and is obtuined.Borrower xhull puy the premiums rcyuireJ to maiiNUi n mon��ge in�urance in effect,or to provide u
<br /> �sS �':� � ' " kss reserve,until the reNuirement for rnortgage insurunce endx in uccordunce with uny written agmement between Borrower
<br /> and Lenderor applicublc law.
<br /> � . �'��' � 9. Inspeclion. Lender or it,aFent may mukc rr:nunahle rntric.o�xm :x�J im�te�ticins uf the Pr��perty. Lender�h:dl
<br /> ,�f ' . � give Borrower n��ticc at thr timc af or pnor Io tin in.(xrtion��xrit�)•in�natiunuhl<<au�e fur the in+�xrtiun.
<br /> . � �. " 10. Cundemn�tian. The proceed.��(uny awurd or cl:um tur d:unagc.,�iiRCt or cun�cyurntial,in cunncction with wiy
<br /> '�� _h _ Singk Fumily--Fonnk A1re/Fteddlc J1ac UNIF(lR�1 INtiTRU1fENT•-Unifa�m Cuvenam� 9PY� 1/MiRr.�njn puRrsl
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