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<br /> - -_ _- � � � . . . 91— 1os87�
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<br /> �._ paiads ttsat f.ender�+cquires. The u�suranoe c�aRier p�aviding the insurance shal{be rhosen by Bomawer sub�w Exndcc� .
<br /> . ap�vva!'wWch`s1sa11 nat 6e unreasanabiy withheld. [f Borrowet f�ils to mainuua covernge described abave.l.ender may:ut
<br /> �Lender�s option.obtain covetage to protect Lsndei s rights in th�e P►mpercy in accocdancc wiN p:uagtaph 7.
<br /> AII insutance policies snd tenawxls�hsll He acceptabie to Lxndet and�h�ll inelude a standard matga�e claase. Lendcr�
<br /> � sEall have the righc ro hbtd the polici��td renc�vats. If{.ender requice�.BamaHCr sball pmmQtty give to i.ender a1{rceeipt��..
<br /> � of paid pnrniums and tenewal not�ces. in tEie event oi tus�.BarTawer shall give prampt notice to the iasur�nce carrier and�'
<br /> - — , Lettder. Lendcr irtta�r m�ice pnwf of tass if ttnt made prompt{y by ptn�rower. `
<br /> -- -- Untess Lender mid Borrower cxherwitic ognr in writing.maurance ptocecAa 4hat!bc applied tn mstor�tinn or repaitof.
<br /> the Ptoperty ctamaged.if the t�tar�tiun us rcpair is ecat�t�ricnity lrssi� :ut�!1.,esu.+�r's security is aot tc�sencd. !f�hcr _ --- -. -
<br /> - � . sesta�on or c�ir is nos ccon��nicaliy Fea4ibic or Lcadet9�ca:ur�ty wa►Id be tesscned thc imur;uxe praecd�shnl!he --
<br /> � appfied to the��ums sccutrd by thi�Sbcurity tn.nrumcnt.wheiher ar aot thert dar.with any cxcers paid tn Battower, IE;_
<br /> Bormwer abandans_thc Pmperty.or daes not answcr within 3U dayw a notice fram t.cndc�that the insusuue carrier ht►x �:�-- —
<br /> offertd to settte a ctaim.the�ixnder may coQect the insurance proce��cls. Leades may use th�proceeds to�eFair or•resta�t�� d—
<br /> t!��toperty or to pay sums secure+d by this 5ccurity lnstwe�ent,whether or not then due. 'ilte 30-day periad wi!!begin u�t�t�:, _---
<br /> �` the aotice is given. • --—�—
<br /> Utdess Lender and Bortower�othenvise a�c�e in writin�•any appticutian of proceedg ta principal sh�lt not extend Ur�,.
<br /> ... . postponc the due date o€tt�monthfy paymeats�eferied tn in paragraphs 1 un�2 ur change the amount of the paymerus:.[�� �--� __
<br /> � undei paragaph 2! the P[operty is acquu+ed by l.eader.Borrowerg right ro any insurance policEes and pmseeds rrsulting�:• --_
<br /> fmm damage to the Propetty prior to ttie acquisition shai!pass ta I.eadec to the extent o�U t e sums secu r e d 6}t his S e cu r i.t�. ��R�-- —
<br /> , �._?__
<br /> .,= Insnvment immediatety prioc tn the acquisition :`�"�_
<br /> 5 . °_-.�
<br /> , - �, 6, Occu�socy, preservation, M�inten�nce �nd Protectioo of the Property; Borrower's Loaa AppHe�tinn; -�:�-�•�_�_
<br /> �`_
<br /> - Le�seholds. Borrower shail accupy.establish.and use the Properiy as Barrnwer:s principal residertce within sixty dups:►ft�r y� ��:_
<br /> � ,___ .
<br /> .� - the execution of this Securiry lnstrument and shall cant�ae to occupy the Propetty as Homnwer's prirtcipaf residence fara�, . ,�-�,--.,-
<br /> It�• Iea.St ane year after the date of occupancy. �mtess L.ender otherarise a�aees in writing. which wnsent shail .nat�6�s __'��.::
<br /> � t`.. �uaeasonably withheld,or unless eatenuasing circumstanees eaist which aie beyond 8amnwer's carttro{. Baaower sha!!nfit� _.=::_`�`��.
<br /> __� «'k destroy,damage or im'pair the Property,allow the Propesy to deteriorate,or commit wasie an the Prnperty. Borrowet Shillt� =.'T�',�. _
<br /> - •t:
<br /> �" be in defauli if any forfeinne action or proceeding.whether civit or cciminal.is begun that ia Lenders roal faith judgrttartt
<br /> ^i�f. f`'�:,:� cou[d re.snit in forfeiture oY the Properiy or otheraise materially impair the lien cnated 6y this Secarity insaumcnt;nt• -. _
<br /> � ... l.ertders secarity intecesl. Horrawer may cuce st�ch a defauit and reis�.stsite.os provided in paragmph i8.6y causing the acti�m _
<br /> - "` ar pmceeding ta be dismissed witH a n�lin�tha�in Leader's good faith determination,precludes farfeiture of the Bo�wer's .�: . --
<br /> . �. t`:� » intemst in the Property ar othet material impairment of t(te tien created by ihis Security Instrument or Lertder's setwity _
<br /> ',=-.:�.:.s:c� intems� �omiwec shall a{so be in default if Borrower. during th� loan application proce.s�s_gave m,feaally falv� or . —
<br /> . � �� `� �`���`�'"'�`� inaccurate information ar statements to Lc�tder(ar fajZed to pmvide Lender with an}material infassnation)in connectinm�qith - - -
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<br /> �-� ' ' ' "'�:;�;n%° the loazt evidenced by the Note, inc[u3i�-�:but not limited to. representation5 cancerning Bsrro.wer's occupancy.of itEtcs �_�'<�'.--���—..—
<br /> 'r�`� �'i'.�``�"�" Pra as a rinci 1 residence. If ti-�;a�:.:��r-ta.�mene fs on a les�sehotd.Bnrrower ShalI compIy with aIt the p�Vi�:iqt�s . �—
<br /> :' r f. PertY P Pa : '. . . --a �
<br /> -�r•'�:;'� o[the lease. lf�orrower acquires fee U:.:�z��:(fima�y.the le�a.�ehold and the fee tit[e shall not mergc uaIei:�la:r3der agcces � . •�•f'`` ---
<br /> � ., . ,, .: , . �. � .�� . �
<br /> ,� ���; to the merger in writing. , � ;:r ��
<br /> � - �� , 7. �i:rrtectton of Lender's Rig�:�a rttte�'�opertY• it Bnrrower f�i14 to perform thz covenants:�'.•agcem�:: ,� . �
<br /> ±���`•'!s>.�� contairt�-c�this Securiry lnstrumer.G,eu-,,5ere is a tegal proceedang that may sign�ficandy a€fect i.enders'ri�t�.m:�iie � _
<br /> � Pr ,,�r,.b as a raceedin in bar � _ robate,for cander_�.t:on nc forfciture or to enfan,z latvs or re ulutiun�),:�: � � '�--
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<br /> , ,« �`�-. �,; ,,� • . I,ender;.aay da and pay for whatever�-;,ecesyary to prote�h the vF::re of the Property and Li•txder's rig1►ts in the ptapescy. '����'�
<br /> � Lendet's actions ma include a in actc sums secured b a lien which hati riori over lhis Securit Instrument.a earin '`� `�
<br /> �. Y P Y g Y" P tY Y PP S , �.
<br /> ��', • � " '� ,�`� • in court,paying re:�onabte attomeys'`arY and entering on the Property to make repair4.Althau�Lender mnp take actian +
<br /> � � ••���''�`° under ttus�aragraph 7.Lendcr dae�net:t::Y�;°to do so. ,.;:
<br /> • •� . '''`��;5; Aa��amounts disbuned by Leci:c�-��r.er this paragraph 7 +hal! became additionai detst�5E'+3arrower secutxd�y this ,.,•: ' � '
<br /> .�:�.;, . � :
<br /> _ ;�r �;:`�;�r`' , Security�nstrument. Unle�.t Borro�vtc s..�'t f..ender agee ta other term�of payment�these amo.�n�.�.t:all bear intc�en from thc • ..�?crtj};i;�;T;�.�
<br /> r-=�� ` date of dis6ursement at the Note rate'a..-:shafl Gg pzyabte.�vith interest,upon notice from tx�:r so Burmuer requesting .,' • .� __-
<br /> <<, ; , ;. , � ; _
<br /> ,s �,:�' `•� ' payment. . . ;i^;:�• -. �- •_
<br /> �" ` °�� � S. Mortgage In�urance. lf Lender require�mortga�,�e insurance as a.car�`:tion o�maki.�g tlse�o;:u��:s3s'ed b this �<`},•; � --
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<br /> . _ ?� „�y{fi,�:;s . . Securick Irstrument.Barrawer shaU pac r��premium.w rcyuired to maintain[h:.martgage in�r;sance in et�ecc. If,•for a�x;� ,. .� ' �..:`
<br />'. : . �..,Fi'l�..��'�:i: -• 11 > . . . c'Yl.f,«:. ,.
<br />��`,� , ,•.�,;.;:�;. , reason.•r.Fe mortgage insurance cover�e �aquired by l.cnd�r Na�:�ec or ceaties to be in �lfv� ti�rrower shull pac ds,. '��,���,_�.,
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<br /> •• . • •,:j: . ptemiums required ta obtain coverage ail3stuntially equivalent co the mortgage insur.�nce prcti�ira�arly in effact.�at•a c�z „-�,,�;;;�;
<br /> - `, ' ' ' SubstantiAlly equivalent to the cost ta B�rrawer of the mortgage inyurance previaasly in cffeo�t.from an aitcrRSdu.mortg°.._�e . � ' �.�.ft�i,,,
<br /> � insurer approved by Lender. li.ubstantial ly equivatent mortgage intiurance cuvera�ee i.no�avaitable.8�rrower:+hult�pay to ,.
<br /> '.. .-;� . ' s.� •,;
<br /> •��:-� � Lender eacb month a sum eyual to one-tweifth of the yearly mon�ge iasurance premium being paid by Bcsrrmuet when the , �.:;},
<br /> `%�' . ��.,:�+';'yt� ' ` insurance coverage lapsed or cea�cd to he in effect. Lender wili accept,use and retain the�e papctent�.�.s a Insa r�serve in lieu .
<br /> ] 17''/:.� . ��1t'lai','--,
<br /> � • , • •1'�,;, ,, ai'mortgage intiurunce. l.oss reserve�+a�ments may no Iem�er L,e rcyuirrd, ui the opiion ot Cender,if mntt�s►�e�insur�.:rce ::�,Y�.:��;t � .;;
<br /> . ';, `. .;.;�r•..S!_ is,::-���;tr::
<br /> •YF,: . ,:,.ti�;,�,;:_- coverage(in ihe�unount and fat the�c�ad that Lea�terrrc{uire�F prn��id�d by an inrurer appco��:d by Lender aguin ber�L•�e; �.,;+;°;,�.
<br /> •-f�� • �:;,r�. nvailable and is obtained.B�irrawer shali pay the Prerr'r�:ns rcqvircd to mainlain m��rtgage inaurance in effect.ot to p~:�'�'�':.°a , '�<<<'���; .
<br /> • • �'.r ' . loss trserve.until lhe reyuirement for mortgage in�urar.ee endy in accurdancc cci:Ii::ny written agreemcn�I�t���txn L�:�=•�'=r : ��,�; ••;�;;:
<br /> ::r,,: • and LenAer ar applicabic law. � •:; , .
<br /> � � .•`:;•ic';'� 9 [nspeetiun. L.endcr�r its agent m:ry make rca�c�nable cntricti upon and in�pectim�•of thc Pr�rpe:ry.� Lc-ncfcr:%:��. i •,:.••
<br /> • � �;`.�?�':'''��'• give Barrower aotice at�he tim�af vr prior to an in�pection�,p�:cif��in�na�unaNle cau.e ti�rthe in�pectiun. '•'�';';::`' ._
<br /> , '. ';,, • !0. CundemnaUun. The prncced.of an}�a�+ard��r elaim tbr damagcs.diRet or c��nws{uen�ial.in c�mn��tion wilh any � . �.`i�i,'..
<br /> tiingfcF.�mi�y•-6vnNe�lar:Yrcddle�lacCHF'f/R�11��"fRt'HF;�T..t�ndarrnCo�caanr. 9,Yb�rp�;r3��/np�rc�r � .
<br /> � �;m.t Ghro-Nu�la<K f�rmo.ln�� k .
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