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:-�. 1 � � ��M n{��r f . ..-�____-_--_ �y� � �— .. ` ~;M��, .�.wrew�� '�'�r� '>�t.�_•til�.... -.J.4�•-- _�_ —___� —__'�•�ri� . _ _- �', — a�� —____ - - - _ _ . � L_ , gg.. i119(D'e�1 LOAN NO. 15 5 9 z o��e �'� • A!!Insuence poikies and renewala shall ba acceptabla to Lender and shall lndude a standa�d mortgage dause. "� (.ender shaill havp the r{pht to hold tha pnl�les end renewals.IP L.ender requlres,Barrowar shaU prom�ily�tve to Le�der � aU recetpts of patd ptBmSurru and rona�arai naiices.!n the eveM d loss�Borrower st�a�l wa prompt noitce to the � Inituanca ceri'ier and Londer.Lendet may make�tod af loss If�ot mede promptty by�orrowe�. Ur�tess l.ender and Ba�raauor ot�Orwisa apree in w��ti�Q.lnsura�ca pra.aacls sl�11 be aRplled to restoratlan or repai� of the Property damaped,if the restaatbn or repai�ts economically teaslbie snd Lendet's securiry Is not lessened.If the � ra,toratbn or repair ls not economlcalh►isaslble or Lende�'s secu�ity wa�id be lessened,the Insurance p�oceeds shall be appifed to the sums secured by this Security InstnimeM,whether or not then due,with any exces.5 paid to Borrower. � If Borcower abandons the Prop6Ry,or does not answer wfthln 30 days a notke from Lend�r that the insurar�ce car�ler �.` has o�tered to setNe a dalm,then Lender may cotlect the Insurance proceeda Lende�'maY use ttie Proceeds to repatr = or restore the Property or to pay sums secured by this Security Instnuneru.whethet or not then due.The 30�iay pariod _ wiU bu�in when tha not{ce Is�Nen. = Unless l.etxler and Bortower otherwise agrae in writi��any appt�atton of proceeds to p►tncipal sha►1 not extend or ! w postpone the due date of the monthiypayments�atertod to In para�raphs 1 and 2 or change the amouN of the —. PaYnx�ts. If under paragraph 21 the Property ts acqul�ed by Ler�de►�Borrawe�'s right to any(nsurance pol{clas and _ �bythts S�eCUr�y I�nst um r�tt(mmedlat�ely p b to the ac�qutsitlon.��to Lender to the extent of the sums _ a.Occupancy.Pnswwtbn.YaiMMar��nd Prot�ctbn of th�Propwty:Barowar's Loan A p p ikstbn; — I.��iold�. Bortowe+�shall occupy,estabUsh�and use the Property as Bortower's princtpal resldence within sbdy days = atter the executbn of this Security Instrumerit and shall continue to occupy the Propeity as BoROwer's p�t�cipa� — residsnce bt at least one year after the date d occupancy,uNess I.er�der o2hetvWse agrees In writing�wAfch consent _. sftisU not be unre�asor�abty vvithheid,or uMess extetwatktg clrCUrtistances exisi which are beyond Botrower's control. _ 8ortowet shall not destroy.damage or tmpai�the Property,allaw the P�operty to deteriorate,or commR waste on the Propetty.BoROwer shail be tn defiiauit ff any forfe(tture action or procseding.whether ctvil or c�imtnal,is begun that tn � Lsnder's�ood ia�h jud�ment cot�id result In forte�ure of the Propetty or othe�wlse materially tmpalr the Ilen created by �,:: thfs Securily Instrument or Ler�der's secu�ty I�erest.Barower may cure such a detauft and retnstate, as provided in � P�a��eP��g•bY��9 the actian or proceeding to be dtsmissed wlth a n�ling that,in Lender's good taith � detertr�k�atlo+�.Predudes fotfeftuure d ttte Borrowet'�fnterest I�the Property ar other material impalrtnet�of ttte Ilen created by this SecuritY Instrument or I.ender's secudty tnterest.Botrawer shal!also be in default If Bottower.dur;ng the loan applicatio+�process.9ave mate�ialty talse or inaccurate tnfomtiation or statemeMS to Lender(or isiled to provl�e Lender w�h any mate�ia!Intortnation)in connectbn u�th the loan evidenced by the Note�Indudin�,but not Ilm�ed to, representatlo�ns�rnG�g Borro�wer's occupancy af the Property as a p�incipal reslderx:e.if this Secsx�y Instrume�is on a lessef�ofd.Borrewer shaU comply with all the pr�rislons of the lease. If Borron+ver acqukes fee title io ttte P�opetty. tlte leaset�ofd and the fee tide shalt not metqe uNess t�der a�rees to the merger in writirg. 7.Poofwtion oi I.�ndw's Ri�hb in th�Prop�rty. If Borrawer faYs co periom�the covenants and apreements con�necl fn thts Secu�ity lnstrument,or there Is a�e9a1 tx��9��Y�Y a'�Lender's rights tn the , Pf0O61ty1�SUCf1 aS 8 pf0.C'E��Q1 bBiliCRlp[Cyf��NOU�t@. �_�_�--��t�.c�w...... �....n. . __ tUr 4t111utl��u�atxH�aJ�nw�vKwo vi 2i3 v�i'.��"w'�i.."w.«..L`. regWatbns)�then Len�fec rnay do and paY for whatever is necessary to protact the value of the �ty and L.ender's � �ights In the Property.Lender's actbns may i�dude PaY��9�Y sums securecl by a lien wh�h hasPrcPrlority over thts Secu�ity I�trc�nent.aPP��P81►��9��e attomeys'fees and eMerinp on the Propertyto make repair,�.Aftl�ctgh Lender may take actlon under d�ds parapraph 7.Lender does not have to do so. My amotxus disbursed by Le�der urxler thts Para9rapfi 7 shal)become add�ional debt of BoRa+ver secured by this Secuniy truWment.Udess 9arower and I�er agree to other tetms of payment these amour�ts sts31!bear tnterest from the date oF disbursement at the Nate rate and shall be payabie,wkh intsrest.upon not{ce from Lender to BoRa�we�►e4��P�Y�� s.Yo�psQa Irairana. If Lender requlred mortgage tosurance as a cor�ditiion of cs�akirog the loan secured by thts Secxuiry Instnur�errt.Borro�wer shall P�Y�P��re4uired to mair�aln the mat�age k�surance tn-e�ec;t.if,for any re8son,the mottgeQe�uu�r�covera�e required by Lender lapses or ceeses Lo b9 In effec�BorroMVer 5hall pay the � prerr�ms required to obtain oo�vera�e subs�ndallY eciulvalent to the mat�e insurance�vlousty in e(fect,at a cost �k�si�u�er apprcn►ed by Lender.�ifrt�la�lly equi ale�M mo�t�ge�insutarce�ccvera�e not avaYabiee Bort�shsll paY to Lender each month a sum equal to one-twetfth d the YearfY mort�a9e�nsu�nce Prem�um be�9 Pafd bY Borr�awer wt�eri the tnsuranoe coverage lapsed ar ceased to be in effect.Lsnder will acc�t�use asxi�etatn these PaYm�ts as a loss reseeve tn tleu of moRyaye insu�anca Loss reserve paymet�ts may no longer be reqttit�ed,at the optbn of l.ender�ff mortsage Guurance cave►age(in the amount and for the periods tt�at Lender reqtslres)(xavkied by an�uer apprared by l.ender agaln becomes avapabie and Is obtained. Borrawet shall pay the prerdums required to mvt��tak�mart�g(nsurance tn eHec�,or to provide a loss reserve,until the�equiretnent for mortpase insuranCe ends � in erccorciar�ce w�th any w�tten a�rsetr�ent between Borrower and L.ender or applicable�aw. �. tmp�dio�. Letnler or its agont rr�y make reasonable et�tries upon at�d inspec�ioris of the Rcoperty. I..ender shaY�lve BoROwe�notice at the ilma of or p�ior to an tnsPection specHYin9 reasonabte cause for the tnspe�tton. — FAIAILY—FNY�/FHL�IC UMIfOAY UtBTi�lM�q FORY 302�!/90 — tSC/CI�DTNE//OTD2/302d(�GON- PAGE 3 OF 6 ..�.r-- _. _ . , _ " .._ ...�'�.!'' . :�rii:��..� .. ��.� y.�"a;=. _ _ - ' � �- — ' � :�{'��. ' • - ti-��?�'�'�• v , y•' .,�,�.. �` -f��'.�SYI��'°� , _ �-:s�.��z-�.� . - a_ , -:-r�;.�•rt."`yaw'�:: . . ��.:.:�•j,r��,r.. .• . .. • oi/�• a��'��..�C' �� '�7. r . .. .. .::,,o.. ' . ir 'Alra;•:•.: ' ,.`bC'��.� .�y 'a•- ±:r�.' � - , . .. . " � .. . . � �� -..1a��. . .. .. . . ..1�i'._—. _ � � - �- ---�-