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<br /> periods Uwt Lendcr rcquires. The insurance carticr pmvldin��he lnsuranrc ehall be chasen by Sorrower�ubjat to Lerderti .
<br /> �pppova)which ahall nd be wu+easonrbly withheld. IP Borrower faiis to mdntain rovers�ge de�cdbed wbave�Lendrn rtMy.w '
<br /> I.enderl�optian,abuin coverage to protat Lenderh rights in the Propeny in�cc�ac with paragtaph 7.
<br /> A!I inswance policiea and mrownis�twll bc accepable to Lender and shull includo w standard martgage claw�c. Lender
<br /> shdl hwvo tho ri�ht w hold�hc policica�ud renewals. 1P I..ender rrquines,Bomower rhall promptly givo to Lender irll reraeipu
<br /> of psid prcmfuma and renewal noticeg. In the event of losa, Borrawer aholl Qivo prc�npt notice to thp inRUa+nce curler and
<br /> I�ender. Lender may moice prooP of IaxA if nat mwde promptly by Borrnwer.
<br /> Unless l.ender end Narruwer otherwise agrec in w�iUng.insurance proceeds shAll be applicd to rcstorallon or ropwir of
<br /> tha Pn ity dumaged. ii�t�e re��oru�ion or rep•rir i�ccunumicully feusible und Lender�s security is not lessened, li the
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<br /> restorotion or repair iK not economicaliy fea9ible or L.endcr w securiry wauld be IeRSencd,the fnaurance pra;ads sbrll be
<br /> applied to tha sume secured by lhis Secu�ity Instniment,wlxther ar not �hen due, wi�h any exce.cs puid to Borrower. If
<br /> Borrower abandana Iha RopeAy,or daes aot onswer within 30 duys a notice from I.ender Ihat Iha insurancc car�er hav
<br /> ofi'ered to settle a claim,then I.ender may collect the insurunce proceeds. Lender moy ur�a�ho proceeds to repair or restare
<br /> tho Propeny or to pay sums r:ecured by this Sccurity Inslrumem,whether or nat then due. The 3(I�duy pe�ind will•bepin•when
<br /> the noticc is givcn.
<br /> Unless Lenda�and Bomnwer othecwise ugrec in writing,any upplication of praceedx to princiqal shall not ext�nd or
<br /> ' pustponc the due dute of the monthly puymenta referred to in puragraphe 1 und 2 or chonge tha umnunl�of tha pnymen�s. li'
<br /> ' under parrg�ph 21�he Praperry is acqubrd by Lender, Bornowerk right to any inaumnce poliulae and proceeds resulting
<br /> from damage tu Q�s Property prior to the acyuiFition shall pass to Lendar to the extem of 1he sums secuned by this Securlty
<br /> x Inatrument immedintely prfor to the ncquisition. �
<br /> b. Occupaney. Prsservatlon� MwiMenwnce and Protectbn ot the PropertY: Bor�aw�r R Loan Applicalioni
<br /> �•• •' ', LRasehold�. Bomower shull occupy,estoblish,and use the Pr�operty os Borrower R principal reKidunae within sixty days after
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<br /> ,�,_, the execution of Utie Security Instrument nnd ahAll conlinue to accupy the Property ae Burrowerk principal re�idence far at
<br /> leaxt one year afiw� the dnte of accupancy, unless Lender atharwirse ngreex in w�iting, whicH conFen� shall not be
<br /> �' � unmosonably wi�hhald,or unlsss extenuating circumatunceR eaist which are beyond Borrc�wer R c�nnal. Bormwer shall na
<br /> �„,. 't+' �•� •` ' • °, desbvy,dnma€e or impuir tho Propeny.ullow�he Propeny to datsriorata,or commit waste on�the P�vperty. Borrower sholl
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<br /> ,, � � be in defauU if any fort'eiture action or proceeding,wNutlter civil or criminal,i.r begun that in l.xnderk good fui�h,judgmem
<br /> , • . �;�,. could result�in forf'eiture af the property or dhenvine mute�iully impnir the licn cmatad by �his Sccurity In�uument ar
<br /> t :•:�•'� •'+' '�R ••� I.enderk security intarest. Borrower muy cuc�,uch u def�ult und reins�tut�s,ux provided in paragraph 18,by cuusing the aclion
<br /> ° �-��a;?�'2 or proceeding to be diRmissed whh a n�lin�that, in Lenderk gaad fafth datartninution,precludas torFeituR of Ihe Borrowcrk
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<br /> • ,,,. r.�:°••� intereRt in �he Propeny or ab�r rnuterial im��irmen� af�he lian cirutud by thia Secu�ity Inn�n�mcat or L.ender 4 Kecurity
<br /> ���4���'�Z�,� interest. Bornower shnll-alr:o be in default if Borrower, during tho k�tui•uppliuu�iun procer�s, guve mnlcrially falrc or
<br /> �'�'����` x.''�,' innccurate info�mation or�:wu.�mentx a L.ender(or fuilad tU pro�ide I..eoda�with unynwarri:►1 infamuiion)in canneciion with
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<br /> �'r��3'�'��;:..+p" the lotm evidonc�f by thc neK4, including, but not Iimilesd 1�. �+epnsn�rnationn concening Borrower's accupancy of the
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<br /> ` '�4� � P(Q�)Cfly pF p F1fIJIC�IA�1'@!+I(ICIICC. If thir:Securily Inr:trumanl is nn a luur,ehuld.�urrawer vhull complp with al)lhe provisiuns
<br /> `�� ` � of the lease. !f Er�s�c+ver acquires fee ti!!e to the!'m=tcny.IhN Im�+�hnld.und�'h�fee.�l�ahall nw moqte unless Lender�utrees
<br /> µ f`' •` ' ' ' � ta tha mer er in writin
<br /> � ' ; �'�'.a�sv ►;�;'.�+'w`<',��• $ S•
<br /> � ;:�.. ,��;��Y;;.,:'��:.r. 7. Protectian of I.endur'c RighG+ in Ihe ProMrrt,r. If Bnrrowe�fuiln to peA'cxm the covenamx and agrctements
<br /> �� .. .;,: :;:,�,:,�:. • contuined in this Securily Inxtnimenl, or thure is a logul proceedinR tha� muy .rigniticantly affecl Lenderk rigNlw in thc
<br /> , �;�'�. :,,, <', •` _ Propeny(such ux i�proceeding in hi►nkrupiay.prohute.For condamnalion.or fi►rfvilurc ur to enfurce luws or regulutions),then
<br /> . . -:,..1., ''.' f� L�:nder mAy do and puy far wliutover ir;nuc�h.yry t�pn►turt thc vuluu nf•�hc Prnpeny and Lendc��righ�s in�he Property.
<br /> . . . . ' � L.enderr uctinnr.muy includc puyinp unp►um,�curoJ b}�u liun whiuh�hu�prinri�y ovcr this Scruritv Instrument, appcnring
<br /> `a ,; in coun,puying r�awnuhle uuamey►'1'ucr und cnmrinp an cNe 1'�npeny ta muke �pufn:.Although Lender may tnke uction
<br /> ��'. � ,' . � • undcr�hix parugroph 7.Lendur dnrs not huvc a►d.i.a.
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<br /> . . T, , �� Any anmunls dir;burr:�d•N)�Lrmlcr undcr Ihix pur�gr.iph 7 shulb hccum4 uddNi��nal debt of B��m�wcr�ecurcd by [hi�c
<br /> ;;"':' �. Security In�lrum�n6 Unlrs�Hartower:mA l.4nck-r s��tree to odier tenn+.ul'�puymunl,thcer amnumx rholl beur inlere.t fram the
<br /> ' • '•Y` �-' '� � da�c of disbutxc+mem ut the Nute r�te und shalb t�e puyable, with inlonr►t, upon noiice from Lrnder lo Borrower reyuetiting
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<br /> �• • :.:'�:���•. ,.��.'• . puyment.
<br /> • ' '�.,�j4',�;°.;,.��; . ! S. Mortga�e Insurance. It'Lender requirod mortguuc insurunre as u ronditiin of muking the lo•rn ,ceured by thir
<br /> �:, :�� �.. Securi�y Innirument, BoRUwer shull pay Ihr premiumr.ntyuirod to mnintuin tlk mangug� inwr.�nce in effecl. If, for nny
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<br /> „ reuson. Ihe mongoge in+uranre coverugc rc�uimJ Bp l:ender lup+c� or r�u.c. u� h� in ei'1'ec�. B��rrnwer +hull poy the
<br /> �� '�� '� " remiums re uin�d w �ibtuin covrra � .ubstuntiully c ui�vlum �n �hr mun�u�� imuruncc Rviou.l m eFfcct, ut a cost
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<br /> � ' a;��-�sa;,. yubstuntiully eyuivaknt w thc co.� tn B��rruwcr of Ihr mnngugc inrun►m•c prcvi�w.ly in rti'¢cl.trom un nUcmute mcxtgugc
<br /> . , r;;�,��.:'T" � � , inzurer approved by Lcnder. If�uB�tuntiullv equi��ul�m m�►ngngc inr��rnnce cov�rutir i� no�availaDlc.$uu�rwci .bu1i puy I�� -
<br /> �, � ' . . '�,i.�,.• Lender cuch mcmth a sum eyual tc►rnn-�w�liih n!'Ihr yr�irly mongugr imumnrc rmmiwn tking puid by Borrower when the
<br /> ';*� �_ . .''=v Y�;;iy'ti:�;;',�i invururn:e r�,vcrngr lapsed i�r ceu+ed to tx in rl'fe�i. Lcndrr will uccrp�.u�r and i�I:�in ihr,c puymcnt�u,u losx rc+erve in licu
<br /> ` }���`"�`�,<'����`' ''���� of monguge insuruncc. 1.���.r;�ervc puymrnl. muy no Nm�cr t+r r�yuircd.ut thrupiii�n ot'LrnJcr, if mohgu�:e inwranre ,
<br /> ' �i.���i;�'•` coveruge(in tha umount unJ ti►r�hc�xri�Kl tNal Lendrr rcyuirc.l pn�viJrd by cm in.urer appnwed by Lrndrr uguin becnm�. F�
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<br /> },w, >�i�•. .. � uvuiloble und i�nbtained.Horrower,hcdl puy ihr �m mium�requireJ tu m►�inlain nwng��r inwranre in rffect.ix tu pr��vide u
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<br /> �. '�'' . ��,.,•,•�,�w+,,,. , ; lo�x re.erve.until Ihe reyuiremrnt f'or m�m�ugc i nxurunce cnds in urr���dunrc u•itN any��•riucn+�gncmcn�lxx�wrrn Burtawer
<br /> Yt�, ,, �.;:;ry.��, �°� pnd Lender or appliruble law. ,�;'
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<br /> r• , � ::�;�' . 9. In.vpectiun. Lendcr or i1x ugrm may rnukr r�aumahlr cnlricti u�xm and im���irni�uf thr F�n,�xny. L�ndcr shall �
<br /> +�'i' i� •, �ive Bcxrowe�notice:u ihr timr of��r prior tu an inx�xrtian.�xritying mi�.onnhlr cau.e titt Ihc in.Fxclion.
<br /> F, t !Y. CondemnYdon. �-n���«<i,�,r�ny award nr cl:�im f��r dama�ew dircci c,r r�►nKyucnlial,in conncclion with uny
<br /> �' �� • • ' : tifnglc hamdy•-Fannie M�rh'reddle 111w l�IF11R111titiTNt��Ih.YI'..l vidunn t'o�.nam, 9�90 qx��r?n%n pitr,�
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