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<br /> �• �`_�,,,_,� • periods that Leader�equires. The insuTance carrier pmviding the insurance shaq be chosen by Boaower snbject to Lender's '
<br /> `'_:��.`-��� ap�ova!whis6 sball not bs unrcasnnahlY�rithheld. If Botrower faiLs to a�ainrain coverage described a�ove.Lender may.at �"'�_ �`
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<br /> Leader's opdon.obtain asverage to protect Lender�rights in the Property in aocordaace with paiagrapb 7. `,.
<br /> ... . All insurance policies and teaewals shall be accegtabie to l.ender and shall inctude a standard mortgage clavse. Lender '�•,` .
<br /> ' � shall have the right to ho2d the policies and cenewats. If Lender�uires.Bormwer shall promptty 8ive co L.ender al1 receiPts
<br /> ` � of paid premiums and t�ewal notices. In the event of toss.Borrower shall give prompt nodoe to the iasuranc�camer and
<br /> ;•�, .� Lender. Lender may make pnoof of loss if nat made prompdy Dy Bonower. ;.
<br /> . ':.� LTnless Lendet and Bosawer otbenarise ag�ee in writing.insurance graceeds shaU 6e applied to rescaration or tepair of
<br /> �..��,.
<br /> `..•��•�. �'; the Aagertyr damaged,if the cestorarion or�air is economically feasible and Lender�s securiry is aat lessened. If the
<br /> restoiatioa or repair Is not e�ronomisally feas�'ble ot I.endes's security wonid be lessened,d►e insuiar►ce pracceds shall be � .<r;':.
<br /> ; ,a applied tn the sums secured 6y this Securiry insmiment,whether or nat then due.arith any exoess paid to Bormwer. ff < .
<br /> � Borrower abaadans thc Prapeay.or d�s aot answer within 30 days a notice fmm Lea�er that the insurmce carrier has
<br /> . offer+ed w seWe a claim,then Lender may collect the insurance proceeds. L�nder maY use the prooeeds to repair or resrose .
<br /> • ihe ptnperty or to pay s�s sec�ued hy this Security U�suument,whether or not then due. 'fY�e 34day peaod w�l 6egin�vhea
<br /> .. "° the notice is given. � �
<br /> . Untess Lender and Borrower otherwise agcee in wr'stmg.any application of proceects tb principal shall not extend ar �z'. ..
<br /> . postpone the due date of the montlily payments refemed ro in pazagraphs 1 and 2 ar change the asno�t of the payments. If .
<br /> -- uttder paragrdph 21 the Propeny is acquired by Lender.Borrawer's nght to any insur�e policies and pmoeeds res�ilting �_�;_'
<br />. ' _' from damage w the Ptopeity prior to the acc�wsifioa shall pass to Lender ta the extent of the smns secesed by this�eauity �'.,.:.-':
<br /> • . Instnlment immediately prior w the acquisitior� " •
<br /> 6. pceapaucy,P�servatian, Maintenauce aad Protedton aq �TMe Fraperty; Borrawer's D.van Appllr�aHon;
<br /> ,. Leaseltolds. Bomnwer shall occupy.establish,and use the Ptoperty as Bmmwer�s principal nsidence R�in sixly days afte*
<br />• the executian of this Sec�uity Instrument aad st�aU wntinae to oocupy ti�Prope�ty as��aower's Princ�Pal�deace f°r at
<br /> - � " teast one year after iLe date of occupaacy, wiless Lender otherwise agrees in wri�g, w8inc �amsent shall not be
<br /> . urueasonably witbheLd,or unles4 extenuating ci�ua�stances eaist which are 6eyond Bormwer�wnnvl. Bw�rower shaD not
<br /> � destmY.damage or ifinpair the Pnngerty,allow the Propedy to deteriorate.ma oaxmmit waste on the Property. Bormwer shall
<br />: , •::;,., i npair
<br /> be in default if any fto�fenure action or pmceeding,whether siv�ar��1,�s beguo that in I.ender�s good faith j�dgrnent
<br /> ' �" air t��lien cr�ed by this Sec�uity Yns�t or
<br /> � <.'�;-"•,..��- ? , conld resvlt iu forfeitiue of the Progerty or atlienvise materiaUy imp '=``
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<br /> ;:i{�?,,, ,:. -' .'x Lender§security intensT. Borrower may cnne sucli a default axad:einstate.as'provided m�agfaph 18.b3+caasinS the 2ctian ..,
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<br /> or proc;eeding to be dismissad with a ruling that.in Len�er�s good faith determination,pm.cludes foifeita�e of the Bomnwer�s ` ��_
<br /> , . intesest in the Properry or other material impairment of the lien creatcd by this Secuiity tnstrument or Lender�s securlty ; �.-:
<br /> � inteces� Borcoa�er s h a ll a L so be in de fa u lt i f Bomowes. d u r i n g t h e loan a p plication pmcess, g ace materially false or
<br /> : inaoc�uate iaform�ars�n or statements to Lender(csr failed to provide Lender with aay material infomiatiav�a m connecuon a+itb .
<br /> � `- the loan evidenced by the Note, incinding,bm not limited to, rEpcesentations conceming Borrower� oocupancy of the
<br /> .. , Property as a principal residence. If this Sea�nty Instrument is on a teasehold,Bomnwer shaU compty with all the pmvisioas - -
<br /> � �� . � of the tease. If Borrower acquiies fee tide to the Property,the ieasehold aud the fee dde shall not merge tmtess l.ender a�s
<br /> . : to the merger in aziting.
<br /> � • .�.i ?. Protec�'�of E.eader's Rtghts in We Property. If Boimwer fa�s to perform the covenants and agr�ernents
<br />- . . . �. , contained ia this�ity Inmument,or tluece is a tegal procceding that may sigaiticantly affect Lender�s rights in the ,
<br /> . Fmperty(sucb as a pmceeding in bankruptcy.pro6ate.for wndemnasion or forfeitnre or w enfonce taws or regula6ons).t�►en -
<br /> ' . . Lender may do and pay for whatever is neoessary to pmtert the'value of the PropeRy and Lender's righu in the Property.
<br /> � Lender�s acaons may incIude paying any sums secured.by a lien wluch has priority over this Securiry Insaumen�a�pearin8.
<br /> .` in couA,paying e�sonable attomeys'fees and ea�tering on the Pmperty to make repairs.Atthough l.ender may take acaon
<br /> � •- � under this paraga,�ti 9,Lender dces not have ta�do so.
<br /> �� � • '� '` Any amour.�d'ubursed by Lender nndcr this paragraph 7 shall 6ecome addiaonal debt of Barmvner secured by this •��
<br /> • •:�;.;: � ` � Security Lisuument Unless Bormwcr and Lender agree to other tenns of payment,these amounts shalE l�ar intet+est fcom the � �:_,�.:,
<br /> <:....;,:._
<br /> ��,�;;.<i;, � date of disbursement at the Note rate and shall be payable.with interest.upon nodce fraa Leader w Sotrower requesting
<br /> �;+F'%';'+ir"� PaYmen� , .
<br />- 8. Mortpge lnsarance. If Lender requited mongage insu�►ce as a condidon�6 xn�!cis�;�e loan secured by this '��
<br />- •',` sintain the m�rt �e ins��ae i�i effect. If,for any � �.I',�•.
<br /> . :�,�` . Secvrity Inswmemt.Baimwer shaU pay tts g.r�miums requued to m 8an
<br /> �;,:;; . ` .� reason. the mort�e inswance eoverage c�qu#sed by Lender tapses or•ceases to be eu effeet, B�rower shall Qay the
<br /> ����'' � pmmiams required to obtain c�verage substanrially equivafent to the mortgage insuracr.e previously in effect,at a cost _ .
<br /> ��r�""f�'_ . suT�anrialiy equivaleat to the cust to Borrower of the mort�ge insurance previouslg ar.e�tfect,from an attemate ni+s�r�5age -
<br /> ,r�;,.o . .
<br /> = � insurer appmved by Lender. If substanrialty equivatent mo�itgage insurance coverage�s acs available.Barrower shalg pay to
<br /> � " . Lender each maaiit a sum eqaal to one-twelfth of the yearly mortgage insurance piemium being paid by Borrawer when the �'.
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<br /> '- � insurance cove�a�e Sapsed or ceased to be in effect.l.�der w il l accepb use a n d re t a i n t hese pa y m e n t s a s a l o s s r e s e rv e i n l i e u _
<br />- ' . of mortgage insar,,nce. Loss reserve payments tnay no longer Ue requi�at the op�an of Lender.if mortgage insurance
<br /> , ;+'. coverage(in the amount and for the penad that Lender requues)Pmvided by an insur�r a.�proved by LQrnter again becomes
<br /> �'�?`� � avgI�ble and is obtained.Boirower shaU pay the premiums rpquimd to maintain mortgaae insurdnce in effect.or to pr�nvide a •
<br />__� ���t��� � ' Iass reserve.until the requirement for mortgage insurance endv in acoordance with any wTittea agreemens between Borrower •
<br /> • � and Lender os applicabie law.
<br /> . �• • ' .,;',�;,;. 9. �nspeetiva Lertder or its agent may make reasonable entries upon and inspections of the Pmperty. Lender shall
<br /> - .. ,. , give Botrower notice at the time of or pnor to an inspection syecifying reasanable cause for the inspection. .
<br /> � � . 10. Condemnatioa. 7f�e proceeds of ar�y aaard or claim for damages.d'uect or consequential.in connection with any .
<br /> � . Singte Famiiy—Faantc MadiYeQQte Mac UMFOHl11 INS'1�1111fENT—Unifotm Covenanu 9190 (Dage 3 of b pagt�)
<br /> . . � �rat ict���una me 0
<br /> ' To 0�f�1�BODSi6�343 O➢A3 61�9Bb/131 '
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