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<br /> peiriod�th�t L�ender roquiror. Tbe inwnu�ce cvrkr pmvidina�he inwranve sh�ll 6e chocen by Borrower rubject to Lendcrl�
<br /> •pprovd which�ull not be urme�ranably withheld. If Fionnwer fdl�to nulntAin coven�o dercdbed abavo.l.ender r�uy,+u
<br /> Lendetk aptian.abt�n coveniQe to protati Lender�i ri�ht�in thePro�rty in�ccordiu�cc with p�ra�raph 7.
<br /> Ali insuna�cc p�lkies md renewsl��11 be�ccaptabie to Lender�nd�hali iacludo s standard martg�Qe cixu�e. �.endcr
<br /> �hall have thc d�ht ro hold�he policies ond t+enew�ls. If Lender requi�es,&►mower sholl promptly give to Lender all receipts
<br /> of ppid p�emiuma�nd renewel noticos. In�tw event of losa,Bormwer chall Qivo prampt nopco ta the inrurance carrler and
<br /> l,ender, L,ender rruy nuke prooiof loss if not made prompdy by Borrower.
<br /> � � .� i�lnle+s Lender urM Bamwer dhenvise ogroe in wrfting.insurance proceedv shall be Ypplied ta rostora�ion w�epair of
<br /> �heP�roperty d�m�ged,if tho restor�tion or rcpafr is ecaamic�lly feasiblo pnd Lender� �ecurity la na lessened. !f[he
<br /> �ectorntion ar�pair is not xonamiealty feasible or Lenderk aecu�ity would be leccened. the lnsuranee procxds shell be
<br /> _ epplied to the suma sccun�d by this Security Instrume�t. whelher ar not then due.with any eacess puid to Botrower. If
<br /> Borrower abandona the Ptoperty,ar daes not answer within 30 days a naice from Lender�hnt the inourunce carrier hax
<br /> offe�d ta settle a claim,thcn I.endcr may collect tbe inaurance praceeds. Lender may usc the proceede to repai�or restor�e
<br /> tt�e Propetty or tp pay wms necurcd by thia 3ecudty Insuument.whether or nat then due. 'fhe 30�day period wiil be�in when __
<br /> the natjce is given.
<br /> Unless l.ender wnd Horrower atherwise agrce in w�lting,any applicntion of praceeds w pr�nc�ps+l shel! not extend cx
<br /> pogtpone the doe date af the monthly paymenl.g referred to in paragrnphs 1 und 2 or chnnge the�unount af the puyments. !f
<br /> under paragraph 21 the Property is acyuired by Lender. Borrower's right to uny insurance policies and proceeds resulting
<br /> feom damege to the Propeny prior to the acquis�ition shall paatis to Lender to thc cxtent af�hc sums secured by this Security
<br /> — Insuument immediately prior to�heacqu�sition.
<br /> - 6. Oocupsaey, Preservatluw Malnten�uce #ad Protection o� Ihe Property; Borrnwe�'s I.oup Application;
<br /> _- I.a�sehdds, Borrower shall accupy,estublish,und use the Property ax Bamwer�s p�incipal rc+idence wi�hin sixty days utter
<br /> .:�. tt�e execu�ion of Ihis Sa:urity Inat�uiawu+a pnd shall canti�ue to occ►apy the Property u.9 Borrowrr's• pdreeipa9 residenee for�t -__.
<br /> '�'v�� leas� one year s►fter the date of acupancy,_unk�s Lender ot#�envi�e ugvees in writing, ��•hich consent shall noi be
<br /> :�i�y.r
<br /> . �;:t� t���,r,� urrea.tionably withhel�d,car unless extenuuting c�rcumsinnres exirt whirh are be}und Borrower c can�ro�. Bomowec yQouU aat �
<br /> ; !�:;.�:�;, i4.
<br /> �, ,�}�.... ,t desmoy.c�amage or i7a►pair Ihe RopeTty,allow the Prape�y to detericnate,ex rnmmi:waste aa the'Pro�+e�ay. IF3or�owet sfiA91 �r•rc-
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<br /> r: i; be in ile+�ault iS any f�rieiture action or proceeding,�Lhether civj!or crim�nu1,is begun iha�in Lender a`QROi�1A11�0 Ji7�I�'IE1C111 -_�,
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<br /> ;��, Y. ,,,,�±:.�q�+:,,,o�Lis,'r.�:�s.h,;>:; could rrsult in 6orteiaure af the Propeny or otherwise materinll�• impni�the lien creu�ed by deiu Security 1n�tn:�►eni or _
<br /> <<�`_'��:::���'�'��•Y L.Cnd�r's securitv iaterest. Aorruwer mny cur�such u default and reimtate,as arovided in puruFraph 18,by caesingthe Ac�ion _
<br />,::�-1�; ..;y�-,r�,•,'; ;.,. �, --
<br /> ,;; �);�•,;�;,•}•, • '�•,-a or proceeding to be dismissed wilh a ruling alaat.in Lende�?�sood fAith detertninatian,pmcludes iorfeiture oi the Ho�r�wer s --
<br />.!1� �l'aii'•'t�Y.�rvq��{•}'(��� ,
<br /> ,�,, .,,,�,��� .�n,;�1,��:�:;,f;,� , interest in the Piroperty ur other materiAl imiQaamient aS the lien created by �E�is Securit� �nsuument or Lender's srcurity
<br />- ' »�,•5i����);¢t, interest. Borrower shall also be in defuul� if �a�rower, during Ihe lann upplicatiore process, gove mate�ially false or
<br /> ��� '°'�V`'�%`�%S�"r inaccurute information or slatements to L.ender(or failed to provide Lender with uny mutenaC inf�rtnetion)in connection wlth
<br /> �7j:fv:•ti'.
<br /> � .• the loan evidenced by the Note, including. but not limi�ed �o, representations concerning Borrower4 orcupancy of the
<br /> Property as a pr�ncipal residence. If thiK Security Instn�meot i�:on a lea+ehold,Bormwer xhall comply with all the pn�visionx
<br /> - Lw;:;� of the lea�e. If Borrower ucquirea feo title to the I'ropeqy.�hc leasehaid und�he fee tidc+:huii nut inargr uokrn L.a�tde�'agra��
<br /> , r`� to thc mer�ter in w�iling,
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<br /> � �� ' ' s"`:;r 7. protectlon of t.ender'F RlRhts In the Prnperty. If Borrowcr fuil+ la �xrl'iirm �he rnvrnums und agrccmcntr
<br /> •• , ,-, conluined in thi� Security Instrumcnt, �ir thcre i� u legul pr�keeJtng �hut muy +ignilirondy uffect l.enderw righ�� ln ihr
<br /> a�^"'� . P�perty I�uch ax u pr�xecding in hunkruptcy,prohulc.for condcmnutioi���r li�rlcilurc nr�n cnfi►rce Inw,nr rrguluNnn�1,thcn
<br /> � • Lrndcr muy do ond�x►y fi�r whulcvcr i.nccr�.ury a�pr��t��� Ih�vuluc uf ihc Pro�ny uixl Lcrulcr±righ�r in �hr Pn►�tty.
<br /> x`��" Le�xler:►Kliix�+mu inrlude in on �um+r.ccumJ b u lien whirh Nu+ nuri� uv�r ihir Srru�i� In+lrumca�,u ur{n
<br /> ",.'�'^:'�"• .." .:- Y IwY u Y Y n � Y Y rlx u
<br /> : ��. in a�un.puying ma�wblc ut�umcyh'fcc.anJ cntcring on ihc 1'r��xny a►muke rcpuir�.Ahh��u�h L�rul�r muy tukc ucNnn
<br /> �'�;,,��'� undcr Ihix purugruph 7.Lcndcr d�K+M►t huv�w do u�.
<br /> a Any amuunt�c Ji�bu�+cJ by Lcixkr undcr Ihk purugruph 7.hall t+crumr udditionul dcbt ui BorrciWcr ticcund hy Ihi� �--
<br /> — ,- Se�:urity Inxtrument, Unler:�c B��mm►�rr unJ Lendcr agr.ti tc►�Nhrr Icm�,ul'paynknt.thetie umoum.+hall lxar intere.�from the �,
<br /> date of dizbun�ement at the NWe rate and�chall he a �ble,wilh intere+t,u �n no�ice fmm I.ender lo Botrower re ue+tin �^�
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<br />, ��xa�.c�c:�:,;;�, PaYment. �
<br /> „ �:�; .,,: •-,f,:�- 8. MuMgage lnsurance. If Lender reyuired nx►ngugr in+urunce a�u a►ndition af muking �he loan secured by�hi� __
<br /> �^- • ' - Securiry Instniment, Borrower�haU pay the premiums reyuired w maimuin thr mortgage insurunce in eFfect. If. for anV
<br /> ��'��+�".': �� ' `t�r�.%: res�.�on, the moctgage in�umnce coverage required by Lender lap,es or cease. to be in eifect, Bonawer shall pay the �
<br />,; �v;;i::.:�• �,;•�,.�:,;;:-�•� premiums required to obtain covemge xubtitunti•rlly eyuivulrnt �o Ihe mongage in.rurunce previously in effect,ut a cotit �•�`
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<br /> ,;;.,;;,�;rti';,',,,,�:`�,j_. subslantially eyuivaleni to the coct to Borrowcr c�f'thc mimga�c inxurunce previously in effect,from un altemute mortgage —_
<br /> �„?�,����ra,�r��,.r�. imurer approved by Lender. If xuhtilanlially cyuivulcnl morl�.uge inwrunce rrncrn�c is not avuilable,Borrower xhull pay to --
<br /> v ;,r�i�:w,� � ; „:�,,,,' Lender euch month u sum eyual to unr-twrlfth of thr ycarly mong+�gr in.urancc premium being puid by Borrower when the �
<br /> � '"�• insur�nce caveruge lap�ed or crased ta l�in effe�t. Lender will accept,utie and retain�he+e payment.ux o lass re,erve in lieu _
<br /> :' 1,.r:::,,:,.,..� �
<br /> , ���::,E;�.::" . t:�',,,° of mongage insurance. l.osx rexerve pnyments m•ry nn langen c�rcyuircd,u� �he option oF Lender,if mongnge insuruncc
<br /> .��.
<br /> �••,w,i;°:�t`- coverage(in tlx:amounl und for 1he periad th•rt Lrndrr rryuiresl pruvidcd by un in.urer appnwed by Lender ugain becomex —
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<br /> - - • �i;t�;•����. : uvuiluble and i.obtained.Borcower shal)puy Ihc premiumx rryuired�o m�intain mohgagc insuranrr in effer�,ar�a pruvide a
<br />_ loss reserve,until Ihe requirement for mongage inaurunce endc in urcorduncr wi�h�ny wrinen ugreement hetween Borrower
<br />- ,�.''`'��..^ ���;;",� . and Lender or upplic�bM I:►w.
<br /> s - • ,;;";'' '' 9. Inspertion. Lender ar its agcnt muy mukc rcu+onaBlc cntrir+upan und in�prc�iuns of the Pr��xny. Lender shall ��_
<br /> - .. , � •, � give Borrower notice ut the limc of or prior�o un im�xriiun.�xcifyin�Z reu,onc�Me cuu�e for the inxp�:ctiun. _
<br />- �. , , 10. Condem�wtian. The proceedx of uny awurd or claim ti�r dumugcv.direrl ur r�mxcyu�ntiul,in caanecti��n with any
<br /> �, Singk FamilY--Mmnle 11f�c1Freddk Muc l!NIFORN IN3TRl'1fEY"1'-•l�aifonn Cu�•enwt. 9/9U ���ugr.t„fo pi�,•.��
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