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<br /> '' � � pe�lods that Lcnder t+equirea. The inauru�ce carricr providfng the in�;urunc�shull be chasen by Borrawer aubject ta l.enderc
<br /> �'�'°�'— epprovol which chwll not be unroasonably wi�hheld. If Borrowcr fui1K ta muintain caveruge de.�crfbed above,Lender may.w
<br /> — Lender's optian.obtuin covemge to protec�l.ende�x dghts in 1he Propeny in uccordunce wilh puragruph 7.
<br /> All insur�nce policfe�nnd renewalR ehnll be acceptuble�o Lender und shull include a s�andatd mortgnge clau5e. Lender
<br /> a-- xhall hnve the right to hold the policies and renewalK. It'i�.mdcr reyuimK,Burn�wcr nbull prumpUy give to I.�:nder aQ rcccipt� -
<br /> - °�o uf paid premiuma wnd renewul notices. In the cvent of loss.Borrower shaU�ive prompt notice�o thc inauranca carrier and
<br /> ,�D��' L,ender. Lender may muke pmof of lasw if na1 made p�omptly by Borrower.
<br /> � Unlesa Lender w�d Borcower otherwl�e agree in w�iting,insurnnce praceeda ahall be upplied to restoration ar repafr of
<br /> �_ _--_.� �he Property dumaR�d. if the rextoration or repuir is economirully feuxiUle And Lender w security is not Icxxened. If the
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<br /> restorption or repuir is not economically fensible ar LenJert securiry wauld be les�ened,the in�surnnce proceeds sholl be -
<br /> _ -� upplied to the sums secured by this Security In4lrument,whether or nat then due, with any excews pnid ta Borrower. If
<br /> Borrower nbandons the Property. or doea not unawer within 30 duys u natice from I.ender that the insururice cart�er hag
<br /> ''-'a offercd to settle a claim,then l.ender may collect ihe insurunce proceeds, l.ender muy use the proceeds lo repuir ar reatore
<br /> A��. � ihe Property or to pay sums secur:d by thia Security instrument.whether or not�hen due. The 30•dny period will begin when
<br /> � �� the notice is given.
<br /> �A ,"'- Unless Lender nnd Borrower otherwise agree in writing,uny upplicntion of praceeds to principul shall not extend ar
<br /> 's':;� postpone the due date of�hc monthly paymems refemed ta in purugruphs I s�nd 2 or chunge the amoum of thc pnymenta. If
<br /> "�`"' .'� under purngrnph 21 the PropeAy is acqufred by Lender. Barmwer's•rfgM to uny insurance policics nnd proceeds resuUing
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<br /> =-,x?-:n+ from damage to the Property prlor to the ucquisition shull pass to Lender to the extent of the sumx secured hy ihis Secur�ly
<br /> --- Insuument immediately p�ior ta the acquisition.
<br /> �• 6. Occepancy. Preservation, Maintenance pnd Protecdon oP the Propertyj Borrower's Loan AppUcntion;
<br /> -<:�� k Leaseholds. Borrower shAll occupy,eatublish,und use the Property uc Borrower�principal residence within sixty days after
<br /> _ _=� the execution of this Secu�fty Inatniment und ahall continue to occupy the Propeny A�Borrowerw pr�^^jpal residence for at
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<br /> _-- _�:-�t__:t. Ieast ane year ARer the date of occupancy, unless Lender otherwise agrees in writing, which conxent shull not be
<br /> — -_-`��' • unreasonubly wilhheld,ar unless extenua�ing circumstunccs exist which ure beyond Barrawer's control. Bonower xhall nat
<br /> �`_�.==� destroy,damage or impair the Propeny.allow the Property to ck�eriorute,or commit wustc on the Property. Borrower shall
<br /> ��='�-�T �� be in default if any forfeiture t+ction or proceeding, whether civil or criminAl, is begun�hut in l.ender's good fuith judgment
<br /> -���'.�- "'��1�,,: cauld result in forfeiture of the Propeny or otherwix� materiully impuir the lien cren�ed by this Securlty Instrument ar
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<br /> -��:��:. - �-=�` Lendert secudty interest. Borrower muy cure such u defuult und rein�tAte,us provided in purngruph 1 S,by cuusing the uclion
<br /> _ :�,-;:-�� • or proceeding to be dismissed with u ruling thu�,in Lender ti gaod fuith detertninution,precludes forfeilure of the Borrowar's
<br /> - - , interest in the Property or other materiul impainnent of Ihe lien created by this Securlty Inslrument ar Lender: security
<br /> '��--'•,:.�:.... interext. Borrower shull also be in defuult if B�rn►wer, during the loun upplicution procexs, �uve muterially ful+e or
<br /> '_ .� ~ � inaccurute informn�ion or stntemems to Lender(ar fuiled ta provide Lendrr with uny mutenu!informution)in connection with
<br /> _�•� �' the losui evidenced by the Note. including, bul na limited to, represen�utions conceming Borcower's acupancy of the
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<br /> - �,.�� � Propeny as a principHl residence. If thiti Security In,wment iti on u leusehold,Borwwer tihull comply with uU the provixiuns
<br /> �-''�" `-�°��- :,,� of the lea�c. If Bormwer acyuiresc fec�itle w the Pmperty.�he IeuxehoW and the fee title xhall not merge unlesa Lender ugree�
<br /> _ - � - - to Ihe merger in writing.
<br /> "_.....�''��.° ^T'r� ' 7. Protectbn of l.ender's Ri�hts in fhe Property. If Borrowcr fuils ta perfarm �he cavenunls unJ ugreementx
<br /> .'� `�9j' � contained in �his Security Instrument, ar there is u kgul pnxerding thut muy significAntly affect LenJer z rights in �he
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<br /> -'r`•: ^. �. Property(such As a prceeeding in bunkruptcy,probu�e,for roixlemnutian or forfeiture or to enforce luwx or regulutions),then
<br /> _`�`i �n�t�, .� ' Lender may do and pny for whutever is neccx,ury to pr�Hec��he vuluc of the Property ond Lcnder i righ��in Ihe Property.
<br /> :�`',y Lender+uctions mav inrlude paying any sumz�ecurcd by u licn which hu.r•prioriry rner thix Security Inti�rument,appearin�
<br /> --% " �°�" ''� in couh,pnying reutionuble uttomeyti'feex und entering nn the Prnpeny to mnke repuin. Although L.encier mAy tukc uc�ion
<br />.�;4 ' ,:.s,�.�.4i, ' undcr this purogruph 7,Lendcr dc►c�nut huvc lo do,o,
<br /> -��, .. �•=•b Any umoun�s disbuneJ by Lcnder uuJer thi, purugruph 7 .hull became udditionul dcbt of Bormwer secured by thi.
<br />`'',��. �'; .,.. Securiry Instrument. Unless Borrower und Lender vgne to u�her�enn.r ol'puyment,thctie umuunts shull beur interr.t from tlx
<br /> ' -f'-�• � dute of dixbur.ement u�thc Natc ro�r u�xl shull lx payuMlc,with interesl,upon noticc from Lendcr ro Bw�rowcr rcyuexting
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<br /> -�r' ;�„. puyment.
<br /> �"�='`� 8. MoRRage Insurance. If LcnJer requircd monguNe intiurancr ar u condition of mukin�e �he loun securcd by thi.
<br /> =�r�sy �„y�j�,';�``.�� Securily Inxtniment, Borrower xhull puy thr premium, requircJ to muimuin Ux mongoge insuruncc in eifect. If, for uny
<br /> ,;�,� •�,.y��.�,�, • rcason, the mortgage insurunce covcruge required hy Lrndrr lup�e+ or ccu,rs �o be in effect, Borrower .ha1i puy the
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<br /> `_;.�,�.�, premium+ reyuircd ��►ob�uin covcrugc �ub,tuntiully cquivulen� �u tlic mortgage insuru�x:c previou,ly in effect, ut u cort
<br /> ta subtiluntially��uivalrnt w ihe cotit��i Borruwcr uf tlx mangugc intiurunre pr�viou.ly in effcct,from un ullemate mortgu�tc
<br /> -:"�'�•,'r�:,. : insurcr upprnved by Lendcr. If subzt�uuiully eyuivalent mongugc in,ur:+rnc rovcruFr is nat uvuiluble.Born�wcr shull pny to
<br /> �'�``� �� ��` �` � � Lender euch monlh n�um cyuul tu orx�-Iwclf'Ih ot'the yrurly morlguge insurance premium lxing paid by Borrower when thc
<br /> "�=--�• "'•'"• ' • innurunce coverngc lupsed or ccu.cJ w tx in cl'fcr�. Lendcr will urcep.use unJ rr�uin these puyments us u loss rexrrve in lieu
<br /> -�..5�;,� �^� , of mon�ugc insurance. Las� rc+crvc puymem. nwy no longer t►r reyuired,ui the op�ion��f LenJcr,iP mnhguge inwrunce _
<br /> _ ` � "`:� a'�� " covernge(in ihe umount unJ for the�xriaJ that Lendcr nyuire.l provided My un in.urer upproved by LrnJer ugain lxcomc,
<br /> ".'s=�:� ' , . uvuiluble und is obtained.Borrowrr shull pay the prrmiumz requin�d ro muintain m�►ngu�e in+uruncc in ef�tecl,or to pmvide a
<br /> : '�'••r ,.. �:,: loss reserve,until�he rcquiremenl ior mortguge inxurance erxlx in accnnluncc wi�h uny wriurn u�rcrment between Barrowcr
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<br /> � - und I.ender or nppliraMc law.
<br /> . „ 9. Inxpertiun. Lendcr or it,u�em muy muke n u�unublc rntric.urxm und in.�xctinns ut'thr Pmperty. Lcnder+hull
<br /> ., give Bonawcr nalirr al thc lim�of or prior to un in��xrtiun x�xcil'ying rra,unublc cau.c ti►r�hr inti�xrtion.
<br /> 10. Copdemnation. Thr pr�x.ed.af.my aw:�rJ��r claim fur Jumugc,,direr���r run+ryurnliul.in connrction wi�h uny
<br /> � 1in�!k fmnily--Finnk Atne4Yiddle 11�c l'\IFI IR111titiTRl��1F.N7'•-Unifimn('urcnum, 9/90 ipd��•!,•I n ryikr.a
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