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<br /> �vhich shuA not hc unrcasonnbly withhcld. IF Borrowcr I:�ils to ivainiain covcrngc dcscribed abovc. Lcndcr may. ni Lcud�r•
<br /> opuon,nbtain covert+ge in pm�ect Lender'c rightc in the F'mperlv in :�ceurJunce�vith pur��gruph ��
<br /> , +.• ,111 insuri�nce policice ;md rencwals shnll bc acccptublc to I.cndcr and�h�dl incluJc a standard mortgngc rlr�uec. I.cnJcr•h.dl
<br /> have the right to hold thc policics und rencwals. If Lcndcr rcquires, Uorrower shnll promptly givc to I.cndcr ilU reccipl+ ul
<br /> .,w.�w�`� ptiid premiurns and renew�l nutices. In the event ��(lo++. R��rruwer shall �ive prompt notice io ihe insurnnee c+vrier �uid ..
<br /> ..,_ �• l.cndcr. Lcndcr may makc proof�f loss if nut madc prompdy bp f3orrowcr.
<br /> l.nlcss I_ender and Borrower othcrwisc agrcc in �vriung, insurance procccds shull be applicd to restoration ur�•cp��ir ��I thc �
<br /> Properry demaged,if the restorntion or repair is economirally Icasible nnd I.enJer"s security i> not Iessened. II'the rc�t��ratiun .
<br /> . or repnlr is not economically feasible or Lender's security would be lessened,the insurance proceeJs �t�nll be+�pplics io ttic , ri
<br /> sums secured by this Sccurity Instrumcnt,whether or not then due, �vith any cxcess paid to Borrower. If Borroaer abanJons ,�-
<br /> thc Properry,or docs not answer within 30 days a noticc from Lcndcr that the insurance cnrrier has otTered to setQe a clairn. -
<br /> � then Lender mAy coUect the insurance proceeds. Lender mzy use the proceeds to repair or restore the Property nr m pay u^,�
<br /> � sums secured by this Security Instrument,�vhether or not then due. fhe 30-day period�vill begin�vhen the notice is given• ;. _
<br /> � Lnless I.ender and Burro�ver othenvise agrce in wriang, any application ol'proceeds to principnl shnll not extend or pu5tpunc .s;'=
<br /> � • the due dete of thc monthly peyments re(crred to in para@raphs I and 2 or changc thc umount of the payment�. If un�icr ��:--
<br /> ° paragraph 21 Ihe Property i� acquircd by l.cnder, Borrower"s right to any insurance policics imd proceeds resul[ing In��n �;:..:_
<br /> � ��' damage to the Properry prior to thc acquisition shall pass ro Lcndcr to thc extent of the sums �ecured by this Sccurity � _.�,
<br /> � � Instrument irnmediatcly prior to the acquisilion. `�`��
<br /> ' 6. Occupancy, Preservation, Viaintenunce and Protectlo� uf the Prope�ty; 13orrowcr's I.oan Applicution; ___
<br /> , � l.easeholds. Borco�ver shall occupy,establish,and use the Property as Borrower- �rincipal residence within sixty days after
<br /> � � the execution of this Security Instrument amd shall continue to uccupy thc Propc� xs Horruwer'S principal residence I��r ��i _-•
<br /> � � least one year aRer the date of oceupancv,unles� Lender otherwise �Erecs in wriung,which consent shull nol be unreasonubly ���.�
<br /> � � � withheld,or unless extenuating circumstances exist which ure beyond iiorrower s control.Borco�vee shall not desvoy,anmage
<br /> � or impnir the Property,allow the Properry to deteriornte,or commit wastc on the Yroperty.Borrowcr shall be in Jclault il'any �,_
<br /> '' ; forfeiwre acuon ur proceeding, whether crv�l or crim�nal, is begun that in Lender's good faith judgment could result in _
<br /> . + forfciture oF thc Property or otherwisc materially impair thc licn crcated by this Se�urity Instrument ur Lendcr� �ccurity �
<br /> � • a �ti a� � r a rl rrinctatr :���rnvided in nara�rauh 18,by causin� thc acaon or procccJin� i�� -
<br /> ..�.tres:. arr:.cr::::�care s::_..a s+.:asl._n_ . '
<br /> be dismissed�vith a ruling that, in Lender's good thith JeterminAtion, precludes forfeiture of thc Aorrower"s intcrest in ��e _
<br /> ,``_�� Property or o�her material impairment of ihc lien created by this Security Instrument or Lender"s sccurity interest. Borrv��..r -
<br /> '��'��� shall also be in default if Borrower,during thc lo�n applicauon process,gave materially false or inaccurate infi�rm:nion ��r
<br /> " statements to Lender (or f�iled to provide Lendcr�vith any material information)in connecuon with the loan eviJencrd h} the
<br /> ' \ote,including,but not limited to,representauons coneerning Borro�ver�s oecupancy of the Property as:�principal re.idencc.
<br /> ' !f this Security Instrumcnt is on a Ieasehold. [iorrowcr shall comply�vith all the provisions of the Iease. If Borrowcr :�cquir�5
<br /> ---= ' fec dde to the Properry,the leaschuld and ihc fcc tiUc ahall not mcrgc unless I.enJcr agrces to the mergcr in�vriting.
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<br /> ,:,?;.^'` 7.Protection of Lender's l�ights in the Propel'ty.If Borcower fails to perform the rovcnuna��nJ:►�rcements c�nt:�iuc.1 in
<br /> v,.,, this Securitv Instrument,or there is a legal proceeding that may signiftcandy affect Lender's ri�hts in the I'��•�nerry(�uch r�s a ..
<br /> ,��;.�: • proceeding inbankruptcy.probate,I'or condemnadon or forfeiture orto enforce laws ur rcgulatiunsl.tt►en I.•. .Icr ma�' ����•�nd =
<br />`-�'"�_"'`' . pay for whstever is necessary to protect the value of the Properry und l.ender's righu in die 1'roperty. Lender"s acti��n�niay
<br /> ""'�"'�'� include paying any sums secured by A lien �vhich has prioriry over this Securiry Insvument, appearing in cuur�. p��}ing
<br /> _''='h�'� reasonable �uorneys' fces and entcring on thc Property to mtskc repnirs. Although Lendcr may tnke .ution un.icr t lii. __
<br /> �"��°� paragraph 7.Lender does not havc to do so. -
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<br /> v''`i� Any amounts disbursed by Lender under this puragraph 7 shall become addidon�tl debt of Borrower sccured bv this Sec�irirc _
<br /> �`W�k�;-"'' Instrument. l:nless Borrower and Lender ugree to o�her tcrms of payment, these amounts shall bear int.crest I�ocn �hc J�uc�d
<br /> � �: �f
<br /> .., �.:, disbursement at the\ote rate and shaii be payabfe,wiiL iutr�C�t,uj,on nodt:.from {.cndcr ta Sorraticcr rcqe:c::tin��:�:•ment_ �.._
<br /> �--t�-�`' '� 8.Vlortgst�;e Insuranee. (f Lender required mortgage insurnnce as a condidon of making the loan sccurcd by �his Scruriic `-' "
<br /> , � " T- Instrument. Borcowcr shall pay thc premiums required to maintain the mortgagc insurancc in rticet. If,for nm�rcns„n. nc�
<br /> �`�-` "=� mortgage insururtce coverage required by Lender lapses or ceases to be in etFect, Borrower shall pay tlie premiums requu io �
<br />-`°'�i��''•-. obtnin coveruge substantially equivalent to the mortgnge insuranee previously in etTect,at u c��st�ub�t:►niially equi�:dcni ac ��
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<br />_ . .,,.�w3.,• cost to Bon o�ver ol'd�e mortgage insurance previously in eftect, tcum an altemate mortgage insurer �prnveJ bv I_cnJc�.II .
<br /> `�`'""'` substantiap e uivalent mort a e insurance covera�e is not available, Borro�ver shatl n to LenJer.. h munth a�um cyu,d ��
<br /> .�:.,;�i� y 9 8 8 b P Y E.;
<br /> ��.`• -.-� to onc•nvelRh of the yearly murtgagc insurance premium being paid by Borcowcr �vhen thc insurancc �ovcrngc lapsc�t ��r c.;
<br /> ceased to bc in etTect. Lender�vill nccept,use und retain these payments as a Ioss reserve in lieu uf mortg�ige imur��:ca I.u» �_.__
<br /> - � reserve payments may no bnger be required,at the optivn of Lender,if mortgnge insurance coverage (in d�e amuunt :m.l b�r F ___
<br /> ,� the period thut Lender requires) provided by an insurer approved by Lender aguiu becomes :rvailable anJ i� ��I�ciined• -
<br /> Borco�ver shall pay the premiums rcquired to maintain mortgage insurance in efTect, or ro providc a loss rescrvc, until tlir =_
<br /> � _ � requirement for mortgage insurance ends in accordance with zny written agreement bet�veen 13orm�ver and Lrnder ��r -
<br /> applicablc la�v.
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<br /> F k Y, '�I Singt�FamUy••FNMAIFHLMC UNIFdRM IN9TRUMEHT FORM J028 08180(Page�of 8 Pagef► .
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