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<br /> � pe�lods�hu Lotider requires. 71�c inwranco c�urier providin�lhe inaw�ancc rhwll be chc�en by B�rrower�ubject to Landeri�
<br /> yoproval whkh�hall not be un�eaum�bly wfthheld. If Barrower fwils�o mwintwin coveragc describod alwve.Lendar may,w
<br /> Lenderk option.obtain coveaRe to protect Lerwkr�d�hu In tho Propeny in accondancc wi�h pum�raph 7.
<br /> All insur�ce policiex and�ennw�lr stWl 6e accaptable to I.cnder and rhpll include a stondand mart�q�o clpu�c. Lender
<br /> ohall have the d�ht to hold the policico and rcnewals. If Lcndcr rcquirea.Borrowor Rholl pramptly give to Lender�II roccipu
<br /> of paid prcmiums and renewal natfce�. In the event af loss.Bo[rawer ahall Qive prompt notice to the l�uurwue cyrricr and
<br /> l.endoc. L.ender may mQice pmof of ioss ff not m�de promptly by eorrower.
<br /> Unkw L.etder and Borrower athenvise agree in wddng,insurance proceedK shall I�e wpplkd to�xtorxtian or repair of
<br /> - - U�c P�operty damaged. If the rcstornti�n �r rcpair i.r economically feasible and Leederk security fs not lescened. If'the
<br /> restoration or r�epair is nm aanomically fcasiblo or l.enderk security would be le�acncd,�he insurw�e prceceds shal!be
<br /> appUed to the suma secured by this Secudty Instrument,whether or not then duc,with uny exceKS paid to Bormwer. If
<br /> � Horrowcr t�bandons the Property,or daes not enawer within 30 duyR a natice from L.ender �hat thc insurunce cerrler hus
<br /> o�'ercd to setde a cl�im.then L.ender may collect tha insuraace praceedx. Lender mAy use the procceds to re�r or rcctare
<br /> the Prc►�erty or to pay Qumr�ecured by thi�Secudty Inatrument.whether or not Ihen due. Tho 30-dwy periad w 11 be�in when
<br /> the no[ice is given.
<br /> - Unlesg Lender and B�rrower otherwlse og�ee in writing.any npplication of proceeds to principul shall not extend or
<br /> postpono the dwe dnte of�he monthly payments refcrred�o in purAgruphs I nnd 2 or change the emaunt of the pAyments. If
<br /> under paragreph 21 the Pruperty is ecquircd by Lender, Borrowcr's �igbt ta uny insurance policieq and pracexdK rcsulting
<br /> from damage to 1he Property prior to the acquisition ehAli puss ta i.ender to the extent of the sums secu�ed by this Secudry
<br /> I�wtrument immcdiately prfar to the c�cquisition. ..
<br /> �' 6. OccupAncy, Preservalion, MAintenance And Protectbn of the Prope�ty; Borrower'a LoAO Appli�Uun;
<br /> Leaceholda. Borrower shell oc�upy.estublish,and use the Propeny ns Bomowar�principal residence•.�ithin sixty days after
<br /> the execution of this Secur�ty Insuument and shwll cantinue to occupy the Propeny as Borrower R pdncipul rcsidence far at
<br /> - 9 least one year after the date of occupancy. unless Lender atlxrwf� ugreey in wridng, which conscnt shnll not be -
<br /> unreesonebly withheld.or unlass extem+ating circumstnnces eaist which are beyond Borrawer�con�rol. Borrower shall not
<br /> destroy,damage or impair the Property,allow the 1'ropeKy to deteriorate,or commit wuste on Ihe Property. Borrower shall
<br /> --_� 6e in default if any forfeiture action or procceding.whether civil or cdminal,is begun thut M Lender's good fnith judgment
<br /> could rcsult in forfeltu�e of�he Propeny or olhenvise metedally impair the lien created by this Security Instrument or
<br /> - lxnder's securiry interest. Borrower may cure such a default and relnstate,us provided in parugraph 18,by cnusing the action
<br /> or pr�ceeding to be dlsmissed with a ruling that,in I.ender g good iaith determination,precludea forfeiture of the Borrower A
<br /> interest in tha Properry or other materiul impairment of the lien created by this Secu�ity Instrument or Lender� secudty
<br /> � inteaest. Borrower shall ulso 6e in defuult if Borrower. during the loun applicntion process, gave mate�ially fulse or
<br /> -- inaccurate infortnation or statements to Lender(or failed to provide Lender with uny moteriul informalion)in connection with
<br /> - the loan evidenced by the Note, including, but not limited to, repr+esentations conceming Borrower's occupuncy of the
<br /> -- P�+operty as a principal residence. If thix Secu�ity Instrument is on a lea+ehold,Borrower rhall comply with all the provisionx
<br /> - ef tlu�k�. If Borrower acquires fee tide�o the Propeny,the leasehold and the fee title shall nat merge unless Lender ngrces
<br /> � to the mcrger in writing.
<br /> %�:� 7. Protectlon of Lender's Rlghts in th� Properly. If Borrowcr fuils to perform the covenunts �nd agrcements
<br /> -�� contained in this Securlty lnstrument, or there is n leqal proceeding thot muy significundy affect Lender� �ights in the
<br /> _..,.t__,_:,�� property(such as s praceeding in bnnkruptcy,probate,for condemnution or forFeiture or to enforce laws or regulutions),then
<br /> �.�� Lender muy do and pay far whatevcr is necessnry ta protect the value of the Piropeny and Lender's�ighG4 in the Propeny. _
<br /> _--- I.enderh actions may include puyin�any sums secured by u lien which hax priority rner this Security Instrument.appenring _
<br /> °°- in coun,paying reusanable uttorneys'feeti und entering on the Aroperty lo muke repairv.Although Lender may take uction -
<br /> under this pnrngraph 7,Lendcr dce�not huve to do so.
<br /> - - -�-� Any amounts dlxbursed by Lender undcr this paragruph 7 shull become udditional debt af Borrower tiecured by thls -
<br /> -_��„�;:� Securiry Instrument. Unless Borrower und I.ender ugree to o►her term.of puyment.�hexe nmounts shull beur interest from the -
<br /> ---- dnte of disbun;ement ut Ihe Nate rute und xhall be payuble,with intere�t,upon notice from Lender�o Borrower reyue�ting
<br /> -- ,,� payment.
<br /> "`�"'°°��`� 8, Mortgage Insuranee. If Lender required martguge msurunce u.ti u condition of malcing Ihe loun secured by this
<br /> — :_:a Securiry lnstrument,Bortower�hall puy the premiums requfred to muintuin�he mort�age insurunce in effect. If, for uny
<br /> ---� ,� reason, the mortguge insurance coveruge reyuirod by Lender lapses or ceu�es to be in effect, Borrower sholl pny the
<br /> _�_ premiuma required to obtain caverage substnntiully equivulent to the moRguge insurunce previously in effect,ut u cost
<br /> � substantially equivulent ro the cost to Bortower of Ihe mortgage insurance pmviously in effect, from an ulternute monguge _
<br /> _�.,:�� insurer upproved by Lender. If subx�untiAlly equivulent mortguge insurunce coverugc is not uvuilable.Borcower shull puy to
<br /> --����� Lender euch month a sum cyunl�o one-twelfth of the yeurly mongagc insurunce premium being p�id by Bonower when the
<br /> insurance coveruge lup�d or ceunecl to be in effect. Lcnder will uccept,use and retuin the+e puymentx us u losx retierve in lieu
<br /> �.,�,�Y� of m.«tgagc insuruncc. Loss rexerve puyments muy no longer lx rcquired,ut�he uption of Le�xier, if mortgage insuruncc
<br /> ���'` coverpge(in the umount und far Ihe period thnt Lender reyuiresl provided by un inxurcr upproved by Lender uguin lxcome,
<br />��Y - uvailuMe and is obtained.Borrower xhull pay thc premiumti rcyuired to mainluin mangugc insun►nce in effert,or to provide u
<br />��`��"� loss reserve,until the reyuirement for mortgAge insurance endx in uccnrdunce with uny written ugreement between Borrower
<br />_;',�S',y, r. _
<br /> -+ and Lender or applicuble law.
<br /> �;.���....:;,; 9. Inspecth►n. Lender or ftx ugcnt muy mukc reusonuble entries u�xm und intipectinns of the Property. Lender shull
<br /> ::,_r- give Bormwer natice ut the tim�of ur prior to un inspection,pecifying rr.u+�muhlc cause for�hc in,pection.
<br /> �'��`'"°'� '� ' 10. CondemtwNoa. The prcxcedx of any uwurd or cluim for Jnmvgc,,Jirrri or ronxequrntiul,in cimncction with uny
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<br />�-�,.� M,�`;,.,` Singlc F�nily-•Funnie Mwc/tYeddle Muc UNIFIIItM INS'1'RU�IF.NT••UnH'nmi CuvenaMr 9/90 /�t¢r J��ln�wg�.v�
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