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<br /> --.�..__y�. _ � 92- 10'73i7
<br /> , periais�t Lender roquircs. The insurenco curier prnvkling the insurancr shall be chasen by Bortuwer eubjoct to L.enderti
<br /> spprov�l which�II not be unrcusonabiy withl►eld. It 8orcower faila to maintain covera�e descrlbed Abave.tan�kr msy,�t
<br /> Lenderb option,obt�in coverage to protect 4ender�righis in the 1'ropeAy io uccordanco wi�h pua�raph 7.
<br /> -- All insurnnce poUcies and renewals shall be acceptable tu Len�ler ond shall inr.lude u stundard mortgage clause. Lendrr
<br /> � sh�il tu►ve the dght ta hold the policies end rcuewals. If Le�tder requiRS.Qorrower shall promptlY Qive to Leader�II receipta
<br /> - - - -� of psdd premiums and renewel�x�tic�s. ln tho event oP loss.Borrower shull�ive prompt notice w the m�uraneo curier md
<br /> .-�-- ---— - Leaider. Leider m�y melce proof of loss if not m�da pcomptly by Bonrower.
<br /> �: Unkss Lender and Bortuwer otherwiso agree in writing,insurmce proceeds xhall be applied to rcstorodon ar repaf�oP
<br /> �: � the!'�roperty damaged, if the restoration or rcpair Is economlcally feasible and Lenderh secudry is nd lessen�d. If ihe
<br /> .. rey�o�atiOn or repair�s not econantcally feasibk or Lender�security would be lessened, the iosurmce proc�eds shall be
<br /> — applled to the sums secured by this Secu�ity lnsuumenl,whether or not then due.with any excess paid to Bortower. If
<br /> --� Bortower abandons the P�vperty.or does not answer withi�30 days a nwice from Lender that the insurance cerrier has
<br /> -d--== --__�� offercd to settle a claim,then Lender may collect the insuranca proceeds. Lender may use the proceeds to repuir or restorc
<br /> - -- -- _ thc Prc�peKy or to pay sums secured by this Security Inshwnent.whether or�wt then due. The 30-day perlod wiil be�in when
<br /> the nodce is given.
<br /> Unless Lender and Borrower otherwlse agree i�writing,�ny appiicution of proceeds to principal shall not extend or
<br /> postpone the due dnte of the monthly paymenis referced to in parogmphs 1 and 2 or change the amaunt of'the payments. lf
<br /> under paragraph 2l the Property is acquirecl by Lender, Borrower�s dght to uny insuranca policies and proceeds resulting
<br /> - — fean damage to the Property prior ro the acquisition siwll pass to Le�er to ihe extent of the sumR secured by this Security
<br /> -- - Ic4wrum�mt immedi@tely prior to theacqu�sition.
<br /> � � ��� , • 6. Oeeupancy, Preservntiun, Malntensince aad Protection ot tl�e Property; Borrower's laoan Appllawdon;
<br /> -���� Leaseholds. Borrower shall accupy.establish,und use thc Property ac Borrawer�principal residence withio sixty days after
<br /> ��y tho axeculion of this Secudty Inshument and shall continue to occupy the Property as Borrower's principal residence for at
<br /> ��r�:�. • leact one yeu after �he date of occupaney. unless Lender othenvise ugrees � writing, which consent shall not be
<br /> �,�;����I unreasonably withheld,or unless extenuattng circumstances exist which are beyond Bo�rower�s control. Hortower shall not
<br /> _ , destroy,damage or impair�he Property.ullow the Propeny io deteriomte.or commit weste on the Pi+operty. Borrower shall
<br /> ��! be in default if any forfeitune action or proceeding,whether civil or cdminal,is begun that in Lenders good fiuth judgment
<br /> ='f_� could result in forfeiture of the Property or othernise muterinlly impair the licn created by this Security Inswment or
<br /> -�-� Lender�a security intecest. Horrower may cu�+e such a defuult and reinstate.as provided in paragrnph l8,by causing the action
<br /> or procading to be dismissed with a n�ling that.in L�nder s good fai�h determination,pmcludes forfelwre of 1he Borrower's
<br /> ��.,; inte�est in tho Property or other muterial impairtnent af the lien creaced by this Securlty Instrument or Lender�s security
<br /> __.-� interest Borrower shali also be in default If Borrower, during the loan upplication process, gave ma[erially false or
<br /> ' - -_ inACCw�te informaflon or stntements to Lender(or fuiled to provide Lender with eny material informadon)in connectian wlth
<br /> ._ � T the loan evidenced by the Note, including, eut not iimi�ed to. [epreseniuiions cu��.���iog Sorro�er�xcupancy of tiie
<br /> �, ,ar,µ
<br />:�+'"_ � -��-_�- property ac o princlpal residence. If this Security Instrument is on u leasehold,Borrower shall comply with all the pruvisions
<br /> `'''' � � � of 1he lease. If Borrower acquires fee title�o the Propeny.the leusehold and ihe fee tide sdwll not merge unless Lender agrees
<br /> " ��•,��'��' to the mRger in writing.
<br /> ��� �� t 7. Protectioa oT Lender's Rights in the Property. If Borrower fails to perform [he covenams and agreements
<br />-`��':. -�w: . _ ,.
<br /> contained in this Security Instrument, or thet+e is a legal proceeding thut may significantly affect Lender's rights in the
<br /> � ►�••.f ` ` Property(such a.4 a proceeding in bankruptcy,prolwte.for condemnation ar forfeiture or to enforce laws or regulations),then
<br /> - :'��',�'` ,- L.ender may do and pay for whatever is necessary to protect�he vnlue of the Property and Lender�righ�s in the Property.
<br /> l.e�der§actions muy include paying uny sums secured by a lien which hus priority over this Security Insttument,appeuring
<br /> -� ;�ra��a,-=.:�q�: in coun,psiying reasonable atrorneys'fees und en[ering on Ihe Propeny to make reptdrsf.Although Lender muy take action
<br /> � ' ;��,;� � u�xler this psuagraph 7,Lcndcr docs not havc ro do so.
<br /> '�� �,..:"� Any amounts disbucsed by Lender under this puragruph 7 sh•rll become ndditionat debt of Borrower secured by this
<br /> -�.. ���y� '��.�`:b; Securi Insuument. Unless Borrower und Lender agree tu other tertnx of puyment.these umounts xhall bear interest from the
<br /> ' '�n ' ""� date of disbursement ut the Note rate and shall be puyable.with interest.upon notice from I.ender ro Borrower requesting
<br /> �%' �� ' payment.
<br />= � �='.��r` �� �; 8. MortgAge Insurance. If L.ender reyuired mortgage insurunce ati a condition of making the loan secured by this
<br /> 6-•, y r' Security Instrument, Borrower shall puy the premiums required to muintuin the monguge insumnce in effect. If, for any
<br /> ��' {,'' � neason,�he mongage insurance coverage reyuir+ed by l.ender lupses ar ceuses to be in effect, Borrower shall pay the
<br /> _ Jr..•'�' .w.
<br /> : r�� �� .r premiums required to obtuin coveruse substuntiully eyuivulent ro the mortguge insurance previously in effect,ut n cost
<br /> �� � "�� substantiaUy eyuivulent to the cost to Barmwer of the mortgage insumnce previously in effect,from an oltemute mortgage
<br /> #`•`"` u ' ? � insurer approved by Lender. lf substantially cyuivulent mongabe insurunce cuver.�ge is nat availnble.Borrowcr shall pay to
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<br /> ` '"�-U Lender each month a sum equul to one-twclfth of�hc yeArly mortguge�nsuranre premium being paid by Borrower when the
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<br /> �. " u�,, ,: insurance coverAge lapsed or ceased to lx in rffeet. Lender will uceept.use and retain thexe puyment+a+u loss reserve in lieu
<br /> . '�`.''� of mortguge insur,uire. Loss reserve puyment,muy no longer be nyuired,at 1he opticx�of Lender,if mongage insuronce
<br /> U v�;;�• �-�•�,;•- � covernge(in the umount end for the period that Lendcr rcyuires)provided by an insurer uppmved by Lender ugain becomes
<br /> i�` uvailubk und is obtuined.Borrower shall pay Ihe prcmiums reyuired to muinmin mortgage�muruncr in effert,or to provide a
<br /> ` 7!�'�`�'"�"�'� , •rve until the rc uitement for mort u�r insurunce end.in uccordunre with uny written agreement between Borrower
<br /> . .. loss rese , q S b
<br /> � y .. �„�, � - and Lender or upplirable Ivw.
<br /> - ��� � �' `"� 9. Inspectton. Lender or its agrnt muy muke reuwnabl�entrie.upon :uid inspection,of ihr Property. Lender sMull
<br /> � � give Bomower notice at the ti:ne of or prior to un inspectiun spccifying rou,unuble rause for the inspc:ciiun.
<br /> �, • �. !0. Gondemn�tion. The pnx:erds uf'uny award i�r claim ti►r damagr�,dirrc�ar consryuentiul,in connection with uny
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