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<br /> � �`` ���� All Insurance polictes and renewals shatl ba ac�ceptabte to Lender and sha11 tnd�cde a standard mortgage dause. . �;^�'
<br /> ��`� lender sh�ii have tne rig'rd�v:R,;��.a���• "°�Q ��'*�ar ra�uires.Botrower sh311 SromP�Y 9iv8 to Lender . _ ..
<br />-� �"�u:------ afl receIpts of pald premtums and renewai noUaes.ln the eve�d of loss,�orrower gha�l gh►e prompt nottce to me ,
<br /> "�:'"'4""T"' tnsurance�1er and Lend�r.Lender may ma�e praof of loss�not made prompUy by Borrower. ,
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<br /> UNess Lender and�oROwer athsrwise agres in vniting.(nsurance praceeds shall be sPPRed to restaratfon or repatr
<br /> � • � ` ot the PropaRy damaged.�the restara�on or Bpair Is eoonamtc�lty ieasible and Lenders security is not lessened.(f the
<br /> _ ��.�`�..: 'i �s'toration or repair is nat ecanomtcaity feasibte or Lender's secu�ity wculd be tess�r�ed.ihs insurance proceeds shall � .
<br /> ' be apWed to the sttms secured by thls Sea�ryl InstnimeM.whetiter or not then due.with any excess Paid to Borrower.
<br /> � ° � If Bomawer ahandona the Property.or does not answer within 30 days a no�ce trom Lender that the tnsurance ca�rier �� � ,. w
<br /> � � +. ::; has offered to settle a datm.then L+ender may coltect the tnsurance proceeds.Lender may use the proceeds to repair ... . _ ^
<br /> `` or resiore tha P[operty or to pey swns secured by thts Security�InsUUmettt.whether or not then tfue.The 30-day�od : .� . _
<br /> - vuifl begfi uvhen the notice is given. � � ° <
<br /> t•- � U n t e s s Lender artd Bonawer otherntse agree tn wrfting,anyl a�p��ca�on of proceeds to pdndpal shail noi extend or -
<br />=�_,;.: .�. .. - �' poffipone the due date of the monthty payrner►ts re t e r r e d ta in para9 r a P h s 1 a n d 2 o r c h a n g e t h e a m o u r►t o f t h e tr. •�:� ,<,:. ,..
<br /> ; .`=,= p a y merrts. tf under p a r agraph 21 the Properiy ts acquired by Lertder,Borrawe�s�ight to any insurance palicies and
<br /> � ` proceeds resulting irom damage to the Property prtor ta the acqu ls�Ion s t�a l l p a s s t o L e n d e r t o t h e e�d e M o f t h e sums .� ���
<br /> ` sec u r e d by t Y r L s Sec�r i t y�nsirumerit immed�tety pdor to the acquts�ton. . _
<br /> .�`�� .:� . � Borrowe�r's 4oan Applic�iiom, •
<br /> ; �s 6.Occupart�.y.Presenrat�on,MaTritenam�and Rrotectton of the Property: -
<br /> " I.easehaida Borruwer sha[I occupY�es�abltsh,and use the Froperty ss Borrower's prtnciaal res[denco w�hin shcry days _
<br /> - ` afterthe executlon of thls Sectnity tnsttumeM and shaU corRinae to occupY the PropeAy as Borrawer's pdncipal -.. ,� ...�,.• � -
<br /> � LV'`� residence far at least one year after tha date af cccuparicy,untess Lender�therwlss agrees in�vfiting,whfch conse�rt �_
<br /> ��s s h a l l n o t be unreaso n a b t y withheld,or unless extenu�ng cfrcumstances e�dst which are bsyond Borrower's corttrol. — _
<br /> ` � Botrower shali not destroy,damage or im p a(r t h�P r o p e ri y.a f t o w t h e P ro p e r t y t o d e t e r l o r a t a,o r c o m m�w a s t e o n the ;., y-_a
<br /> � Property.8omovirer shall ba tn detautt iF any torfetture action or proceedtng,whether civn or criminal,is begun thai In . .;;. �:{;�:,:�-
<br /> ._.�°_. __._.�:'..`2�° Lende�'s�ocd iaith judgmertt couid�esu(t iniortetwre ofthe Property or otherwise matertalty tmpairthe Iten created(�y _ _.,_
<br /> , this Securfty Irtstrument or Lenders securiry tnterest 8omawer may c�re such a defautt and reInstate.as provtded in ,�,,..,.,:_
<br /> _.` • • ' : pa�agraph te.by ca�es�r�the sctlan or proceeding to be dismissed with a nUtng that,t�Lsnder's goad fafth . �-
<br /> ���� determina�on.Prec�4�Fes tortei�re af the Bortowes's tMerest in the Property or other mate�laf impairtrt�2 ot ths Ilen '�-: �^:
<br />-;�;�,,i ,
<br /> : created byth�s Secuu'i�t:�strumer�i or Lender's security interesi.Borrower sS�A also be tn detautt ff Bomower.dudng the . . �
<br /> ..-:t:, loan app�on process.gave rt�terialty talse or inaccurate iMormation cr statemarns to Lender(or faIled to provlde . � .�`J-�
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<br /> but not limfted to, � �=--.:---
<br /> � Lender vi.�h�ny material i�ormation)in connectton w�h the loan evidertced by the Note.tnciuding, � ,__��
<br /> � represer�a�s concemtng BoROwer's accupancy af the Property as a principal residea�ce.If thts 5ecurity InsVumerrt fs �.::� ,•��.
<br /> ' on a lease ho t d,9orrower s h a i l c o m p i y w T t h a i i t i�s e P r o v i s i o n s o f t he leasa If Borrower acquires fee title to the Prcperty. — �,,
<br /> `� the teasehotd and the fee tttle shal!not me�ge untess LenBer agrees to the merger[n writing. . `�:� :. :;�.�'
<br /> � If Borrawer iaits to perForm the covenants an�agreemer�ts � �. � :"-_—
<br /> ' . ..-� --_- � `= 7.Praiection ot t.ender's Rtghts tn the Property ,S.____. „�`—
<br /> .`.`' . . contatned in this Security tnsWment,or there is a tegal praceedtng that may sign�icantiy af[ect Lende�'s dghts tn the . r.:•^�
<br /> t' , :,',.� property(sach as a praceeding in 6antnuptcy,probate,for condemnation orforteRu�e orto enforce taws or
<br /> .;� � regufations),then Lender may do and pay for vuhatever is necessary to protect the value of!he Property and Lender's �-�..-
<br /> r`i� : f� righta in the Property.Lender's actlons may include paytng any sums secured by a Iten which has priority over this __ _ ,�-
<br /> ��2' "` Secw9qt lnstrumerit,appearing tn cvurt,paYing reasonable actomeys'fees and entering on the Prcpe�to make . ---�- __
<br /> � � ` rEpalrs.A!thougt�Lender may tatce actton undes thts paragraph 7.Lender does not have to do so. .•� :; .�` '"
<br /> ''� �` h 7 shall become additlonal deSt of Borrowar secured by -���
<br /> F��. . :. , . . . My amounts dtsbursed by Lender under tt�ts paragrap . _---
<br /> ..�.� iMerest f orym the date W disbuseme at the Ne�o rate and sthalibe paya l�e.wi�th t�nteres�t.u�pon noticc�ir+cm�l.ender to --
<br /> ' �3 Banower requestin9 PaYme�. ' . ' -
<br /> � � '� e.tVloRgage f nourance. if Le�rd3r requlred moRgage insurance as a condftton of making the toan secured by this � � ��. -� :
<br /> ��� � �� � �� Security�nstrument,BoROwer shail pay the premlums requtre�to mairttain the mortgage Usurance tn effecK.(f,tor any . .____ -
<br /> '���� � � reason,tfie mortgage t�surance coverage required by Lend�ta�ses or ceases to be in eHect.eorrawer shall pay the
<br /> � . � -...�: :.. '� premiums required to obtaln coverage substantially equlvalerrt to the mortgage insurance prevtous(y in e8ect.at a cost � .
<br /> � � substar►tially equivffient 4o the cost to Bonower af the mortgage trtsurance prevlously in eNect,from an attemate
<br /> . � ' . moRgage insurer ap&aaved by Lender.If subst�tal�Y equtvafent mortg�ge��surance coverage is noi�vailabte, ,
<br /> ' Borrawe��.a0 pay to I.ender eacEe cr�onth a sum equal to on��vel8h of the yearly mortgage insurance premium being
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<br /> ._ . �. � pald by�arrower when the insur�.�ca ceverag�(apsed or cx�sad to be in effect Lender witt accept.use and retain these • : r ''i t,.� �
<br /> � paymerns as a loss reserve tn Iteu of mortgage insurance.Loss reserve payments may no tonger be required,at the
<br /> � � . . •� optton af Lender,if moRgage insurance coverage(in the amount and ior the periods that Lender requires)provided by
<br /> an tnsurerapproved by Lenderagaln becomes avallabte and Is obtained. Borrawer shall pay the pr��niums required to
<br /> �" ..� mairitatn mortgage insurance in ettect,or to pravfde a loss�eserve,untii the requirement for moRgx�insurance ends .
<br /> . in accorQance with anY writienagreement between Borrower and Lender or appAcable taw. .,
<br /> � h 1��tv Bporrower notice at the ti e of or p to to ani spec lon specifying reasona6le cause fort e n spe�ct�lon.�der ,
<br /> . saig . •�
<br /> � � HEBHASItA-SINOLBFAMILY—PN9IAA/FHLMCUNIFORMINSZflUMEHT F08M3t1289/80 '. .
<br /> ' . ISC/CMDTNE//0792/302H(9�90)-L PQ�iE30F8 .
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