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<br /> periads ttwt Lender�equircs. The insurance carrier providing the insurance shall be chosen by 8orrower subject to LenderS�
<br /> �ppmvd whkh�Iwll not be un�a.gonably withheld, If Borrower fails to mainwin covemge described r�hove,l.ender may,at
<br /> _���_��_-,- --�� 1 Lenderl�+�ption�obtoin cover�ge to protat Lendera righro i�the�y in a�xunlwrca wili��u�g�rpi�7.
<br /> , Aq insur�nce policies and tunewal�shall be acceptable to Le r and slwll include a standard mortgage clause. Lender
<br /> - — �h�ll huve�he dght to hold ttw policies and rcnewels. If l.ender rcquircs.Borrower shull promptly gfve t.o l.ender all rocefptn
<br /> � of pafd praniums and�new�l notiees. fn the event uf loss,Borrower ahall�ive prompt nwice to�he irwwance carrfer md
<br /> - L,endcr. l.ender may mak�pn►of of loss ff nw made promptly by 8orrower.
<br /> - Unlesa l.cnder wnd 8ortowcr rnharwise agrce in wridng,insurance proc:acle shall be applieti w restoration or�pair af -
<br /> the dwmagal. if ttw rcstoration ar rcpair is ecanomically fes+sible and l.ender's cecadty is nM lessened. If the
<br /> resto�r tep�ir ia not economically feasible or L.ender's security would be lessened,the insurance proceeds ahal�t,a
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<br /> Applied to the suma ctcurcd by thin Secu�lty Iostrument, whethe�or not then due, wlth any excess paid to Bomower. If _
<br /> Borrower abandona the Propaty.or das not nnswer within 30 days a notice from I.ender that Ihe insurance cartier has
<br /> offered ta settle a clwim,then Lender msy collect the insurance proceeds. Lender may use the proceeds ro repair or restore
<br /> - --- the Property or to pay sum9 secured by this Security Instrument.whether or not then duo. The 30-duy period wfll be�in wiien
<br /> -�--_---- ,.
<br /> the notice ia given. -
<br /> Unless Lender end Bortower othenvise agree in writing,any application of proceeds to principal shaU not eztend or
<br /> postpone the due date of the monthly paymentx rcferted to in peregraphs I and 2 or change the amount of the payments. [f
<br /> wider paragraph 21 �he Property ie acquired by Lender,BoROwer's r�ght to any insurance policies and proceeds resulting
<br />--- from damage to the Property pdor ro the acquisftion ehall pasa to Lender to 1he eztent of the sums securcd by this Security
<br /> Insdvment immedlatoly prior to the ucquisit�on.
<br /> - 6. Oocupaacy, Preservatloa, Malateownce and Protectlon ot the Property; Borrower's L,a�n ApplicAdon;
<br /> ---- IxasehoNir. Aorrower shall accupy,establiah,and ur,e the Pmperty ac Barrower�s principal residence within siaty days afrer
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<br /> °;�� the exxudon of this Security Insuument and shell continue to occupy the Property as Borrower's principal rcaidence for at
<br /> least one year after the date of occupancy, unless Lender otherwiise agrcex in writing. which consent ehall not be
<br /> ,_`��-.�°;y":;� ,�;�z unneasanably wiihheld.or unless extenuodng ci�umstances exist which are beyond Borrower's conirol. Borrower shall not
<br /> destroy,damage ar impair the Property,nllaw the PropeAy tu deteriorate,or commit waste on the Property. Borrower shall
<br /> be in defeult if any forfeiture uction or procading,whe�her civil or crfminal,is begun that in L.ender's gaad faith judgment
<br /> -.�"�•<,::�'�`�'�'��-'.; . cwid�sult in forfciwre of the Properry or otherwise materially impuir the lien created by this Security Insaument or
<br /> - � l.rnder'�security intercst. Harruwer may curc such a default and reinstate,as providecl in paragraph 18,by ceusing the action -
<br /> ``� ���'" or proceuling W be dismissed with a ruling thet,in Lender's good faith determination,piecludes forFeiture of the Bornower's
<br /> -_� X � �.;.,� tnterest in�he Property or other mater�al impnirment of tha lien created by�his Security Instrument or Lender's secudty _
<br /> ---•� � , interest. Borrower shall also be in dofault if Borrower. during the Ioan applicetion process, gave materially false or
<br /> "��r � ' � ' lneccurate information or statements to Lender(or failed to provide l,ender with any matedal information)in connection wlth
<br /> ,,,.,� `� ' the loan evidenced by the Note. Including. but not limited to, representations concemitig Borrower's occupancy of the
<br /> -.�.�.z�r.;-:,.. .--- P�a�t3'zs a prinripal residr�cc. [f this Sctarity Sastrumc�st is ars a fcaschald.Barrawcr sha!!comply�uith a!!the prot fsioes
<br /> n,;,,�.:,•,,.,..,.;,�,,, , of the lesue. If Borrower acquires fee tidc to�he Propeny,the leusehold and the fee dUe shall not mergc unlecs I.cnder agrces
<br /> _ : ,r ��.•'h..,�.,,.�r to the merger in w�iting.
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<br /> :;?. �4. r}� 7. Protectbn oP I.ender's Righls in the Property. [f Borrower fails to perform the covenants and agreements
<br /> =;;;,n, .����. : ,� contained in thia Security Inswment, or there is a legal proceeding that may sigoificantly affect Lender's rights in the
<br /> - Praperty(such as n praceeding in bankruptcy,probate,fur condemnation or forieiture or to enforce laws or regulations),then _
<br /> __�;,; -- � i.en�icr may uo and puy fur whutever is necessary to pro[ect the value of the 1'roperty and Lender�s rights in the Property.
<br /> - "� ' ��`�"- Lender's actions may include paying uny sums secured by a lien which has priority over Ihis Securiry Insdument,nppenring
<br /> ^ "�`'`'°`''' � in court.paying reasonnble attomeys'fees and entering on the Property�o make repairs.Although Lender may take action
<br />-�' ��'''�"^:•r'�"�''��� under this parngraph 7,Lender does not have a do sa.
<br /> -� ''�'"��'�"' My omounts di.bu�sed by Lender under�his purugmph 7 shull become additional debt of Borrower secured by this
<br /> -- _ ___ ' _ 5rcn�ty Instrument. Unless Borro�ver nnd Lender ugree to other terms of payntent,these amounts shnll bear intercst from the -
<br /> _ ' "` ' date of disbursement a[the Note rnte and shall be puyable. with interest,upon notice from Lender to Borrower requesting
<br />. -_ i „o,,.,�,,:•.?, payment.
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<br />_�� .'�'`. ,.�.;, . � 8. MortgAge Insu�ce. If Lender reyuired monguge insurnnce as a condition of making the loan secured by this
<br /> �" ' �"� ' µ�' '` Securyty Instrument,Bormwer sh�ll puy�he premiums reyuircd to muintain the mortgnge insurnnce in effect. If. for any
<br /> r�' ' ����*'. reason, the mortgng. Insurarce coverage required by Lender lapses or cea+es to t�e in effect. Bomower shall pay the
<br /> -. ��"` prcmiums re;quired to obtain coverage substantially eyufvalent to the mortguge insurunce previously in effect, ut u wst
<br /> substantially equivaknt to the cost to Borrower of the mortgage inxurance pnevioutily in effect,from un altemate moRgAge
<br />_ . " ��.� ' �� .' �� insurer npproved by Lender. If substuntially equivulent mongage insurunre covernge is not avuiluble,Borrower shall pay to
<br /> �-�'� Lender each month a sum equul to one-twelfth of the yenrly mongoge insurance premium being paid by Borrower when the
<br /> ° " .:�'`'''"`" insurance coverage Ivpsed or ceased to be in effect. Lender will uccept,use and retuin Ihese payments as u loss reserve in lieu
<br />_����. " � _ ,i;. '' , of mottguge insurance. Loss reserve paymen�s may no longer tx:rcquired, a�the option of Lender,if mortgoge insurance
<br /> ! �,..�' ,��4 coverage(in the umount and for the period that Lender nyuires)provided by an incurer upproved by Lender s�gain becomes
<br /> .' nvailable ond is obtained.Borrower shall pay tMe premiumx required to maintuin mortgage msurunce m effect,or lo provide a
<br /> �` � '- loss reserve,until the requirement for mortsage insurance ends in accordunce with any written Agreement between Borrower �'�
<br /> �� �""""� ` and L.enderor applicable luw.
<br /> " � .; 9. Inspection. Lender or its agent muy mukc nusonublc cntries upon unJ inspections of the Property. Lender shall
<br />. '' ,. give Borrower notire at the timc of or prior to un inspection specifying rea,unable cuuse fbr the intipertion. -
<br /> !0. Condemnotioa. The praceeds of:uiy uwarJ��r claim for damuges,Jimct or con�equential,in connection with uny ��
<br /> " Singk F�mfly--Fannk Mne/FYeddie!qrc UNIFIIRM INtiTRUMkNT-•Unif'orm Covenmic 9/90 Ipux�.���lnlwRrsl
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