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<br /> 92-- 108404.
<br /> Ir iods that Lendcr requires, The itlsurancr, carrier providing the insurance shall be chosen by $on'ower subject to Lender's
<br /> l pproval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender -lay„ art
<br /> Fender's option, obtain coverage to protect Lender's ri;;hts in the Prt)petty in accordance with paragraph 7.
<br /> All insurance policies and renewals shall be acce,?table to Lender and shall include a standard mortgage clause. Lender
<br /> shall have the right to hold 1`l+ pr'lici s and rens rvttls, If T ender rt guires, Borrower shall promptly give to Lender all receipts
<br /> of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br /> Lender. Lender rimy make F,wf of ions if not made promptly by Borrower.
<br /> Unless Lender and Borrower oth,~rwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br /> the Property damaged, if the restoration or repair is economically feasible and Leader's security is not leswrled. If the
<br /> restoration or repair is not economically feasible or Lenders security would be lessened, the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br /> Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insuh2rce carrier has
<br /> offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument, whether or not then due. The 36-day period will begin wh;sri
<br /> the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the clue date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property ;prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application;
<br /> Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after
<br /> the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at
<br /> least one year after the (late of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br /> unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall not
<br /> destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall
<br /> be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment
<br /> could result in forfeiture: of the Property or otherwise materially impair the lien created by this Security Instrument or
<br /> Lender's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 18, by causing the action
<br /> or proceeding, to be disnli• , i with a ruling; that, in Lender's good faith determination, precludes forfeiture of the Borrower's
<br /> interest in the Property of other material impairment of the lien created by this Security Instrument or Lender's security
<br /> interest. Borrower shall also be in dc;aull if Borrower, during the loan application process, gave materially false or
<br /> inaccurate information or statements to Lender (or flailed to provide Lender with any material info-oration) in connection with
<br /> the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy of the
<br /> Property as a principal residence. If this Security 'Instrument is on a leasehold, Borrower shall comply with all the provisions
<br /> of the lease, If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees
<br /> to the merger in writing.
<br /> 7. Protection of Leader's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br /> contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the
<br /> Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regtulations), then
<br /> Lendcr may do 2nd pay for whatever is necessary to protect the value or the Property and Lender's rights in the Property.
<br /> Lenders actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing
<br /> in court, paying reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take action
<br /> under this paragraph 7, Lender dots not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this,
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest front the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
<br /> payment.
<br /> 8. Mortgage insurance. If Lender required mortgage insurance as rt condition of making the Ivan secured by this
<br /> Security instrument, Borrower shall pay the premiums required to rn',ontain the mortgage insurance in effect. It'. for any
<br /> reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the
<br /> pretniuMS required to obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost
<br /> substantially equivalent to the cost to Borrower of the rnortgag c insurance previously in effect, from an altenuue mortgage
<br /> insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available. Borrower shall pay to
<br /> Lender each month a sum erlual to one-twelfth of the yearly mortgage in urance premium being paid by Borrower when the
<br /> in.Furance coverage lapsed or ceased to be in effect. Lender will accept, use and retain these payments as it loss reserve h1 lieu
<br /> of mortgage insurance. Loss reserve payments may no longer he required, at the option of Lender, if mortgage insurance
<br /> coverage (in the amount and for the period that Lender requires) provided by an insurer approved by Lender again becomes
<br /> available and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a
<br /> loss reserve, until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower
<br /> and Lender or applicable law,
<br /> 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br /> give Borrrlwcr notice at the time of or prior to in inspection specifying reasonable cause for the inspection.
<br /> 10. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br /> Sin} Ic Psunify Fannie. Mae/Freddie Mac UNIFORM INSTRUMENT UrKonn C`ovenant4 9190 (page.? of O rar,4ra1
<br /> Grrot Ilk" Iluel" Fonne. Inc 2
<br /> Ih; To Onler Call. IJ9O "Q919a 0 PAS 01N-•711L11;11
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