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<br />- .,,� ..�:�:��,�_� � � r93: $o���.s ._
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<br /> ` �;. '- . t 'x periods that Lcnder tequtres. 'i'he insurance carrter providing the•in.surance shall be chosen by Borrnwer subgect to E,ender�s
<br /> ��:_-;.: � � approva!which shaU not be tuueaconably withfleld. If B�rower fails ca mainisin rnverage described abave,Leitder mny,at
<br /> '�`-- -- i.ender's qpti�rn.ubtain cove�e to prc+�ci l+e�td�'c r�g�ss in t1�R m acc+�rc�rita�T.
<br /> .<.'.� � < . ` All insurance policies end renewaLc shall be aocepta�►!e ta Le�t r a�nd shal�inciude s standand mortgage clause. Lertder
<br /> _ ' shatl Aave the right ro hotd the polictes end remewals. If Lende�re4uires,Bomower shall pmmptly give to LeuQer atl reaeipts -
<br /> � �- .�;.;? of p�id premiums and renewal notices. Ip the eveat of loss.Boirav�er sball give prompt norice to the insurance canier and
<br /> - � �,`�� � • :':�, Lender. lxnder may make proof of loss if not made promptty;bp•8mmwer.
<br /> $�{'�' �' ` � Unless Les►der sind Boaower othenvise agcee in writing��nswPwce pruceEds shaU be applied w cestorarion nr repair of
<br /> -: ; . ,. . ' .y
<br /> � :, . � . the Ptopecty damaged,if the restoration or cepair is econonQi�ttlty feasibte and Lender�sectuity is rtot lesseaed. If the
<br /> ;�`�.-.--- - --'. restoratlon or repair i�.aot economicalty feasib2e o:1�..endec�secieriry woutd!�lessened..the inssuance pioceeds st�alt be
<br /> ; ��- '�'� applied ro the sums secuied by this Security insm�ment,wQetttec or nvt then due.wit�any excess paid to Boaower. If ,
<br />— --;=--,-'�� Borrowes a6andmu t�e Ptoperty.or das aot answet witG9n$0.days a aance from t�endcr t�t tae lasu�s�eee canrier has�
<br />- � � - � offered to settte a claim,then Lender may coltect the uuuraace pmceeds. Lender m$y use the proceeds to repair or tesiore
<br /> ; ..,:��: We Fcope�ty or to pay sums sec�ued by t1�is Security Instcumeat�witetAer os not thea due. 'I�e 3a-day period wifl begin wt�ea
<br /> � f� -, the nodce Is given.
<br /> ��"�s:� , Untess Lender and Borrower otherwise agree in wciting,any app2icatiou of pmceeds to princip�l shall not extend Qr
<br /> � t � : '�� Postpone the due date of tAe monthlY PaYmeats�efemed ta in pacagrapbs�and 2 or c6ange the amouut of the pay[nents. If
<br /> a`: : . under paragraph 21 the Ptoperty is acquire�by Lender.Bosm�wer�s right to any i++�+�,nce policies aad pmceeds cesuiimg
<br /> � f�':_ ..,� '-_� from damage to the Ptope�ty prior tu the ac:qnisition sl�aU psss.ca Leader m the extent of the swns secured by tlris Security
<br /> �- instnunent immediatety prior to the aoquisition. • •
<br /> � F ..��. �,- . <� �� 6. Occupancy. Freservation, tNainte�ance sud.Fmtection of the Ptuperiy; Bosrowes's I.aaa�APFtf�a+
<br /> = f��µ'i�� r I.easeholds. Borcower shnll
<br /> . '�,"��-• . �PY,establish,and use the Property as Horrnwer�principal residence arithin sixty daye.aRer
<br /> . ,�;��?tr< ,., . . �`.: the execution of this Senmry Inswment and s�all vondaue to occupy the Property as�Bom�wer�principal residence fa�at
<br /> . ;ti,�. � - , least one year after the date of accupancy. uaiess Lcnder otheavise ag�ees.inn writut�;.which consent shall aaR'ibe
<br /> - 2" r unreasonably withheld,or unless extenuariag circ�exist-which a�e beyond�mbvi�8 oonuol. Bomnwer sh�tfot
<br /> '"' � destro dama e or im air.the Pco e allow the to deteriorate.or ca�it,�een the Propeny. Boirower�itl�
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<br /> .�� f :_..._...__ _ Y g P P rt3'• PraPertY .
<br /> s`-:�, - - - - be in defauit if any forfeit�re action or proceeding,whet�er civii or criminal.ia Deg�tf�in�Leudec�s good faith Sudgtt�nt
<br />-� - � ., ^�-Y''• could result in fo�feiture of the Ptoper►y or otLerwise a�atwially impair.We lie��6��teis Seciairy.insbvuuea�,os
<br /> ; ; ,.: . ". ''ti':�:`�;�:� Lender�s securiry interest. Bonawer mayc�re such a defaWt and reinstaLe,as pravided'ui.p'��ph 18,by causing the act'vOtt '
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<br /> ,� , ::_ti,�.., or pmceeding to De dismissed with a tuling that,in Lender'�good faith detenminatioa�precttides forfeitttne of the 8asrowct'��
<br /> '"�: -�'` intenest in ihe Property or other mabeiial impaiiment of the liert cieate�!by tbi�5enuity Iasuument or Leadert�seaniEy;`
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<br /> ,�r:u���. �� . �� �:.`:��. i�est Hormwer shall also 6e in default if 8mmwer.duriqg the ioaa�on piooe�. gave unateriaUy fatse o��
<br /> �.��t•
<br /> _ x:'�c . ;*+�±��infommauon or statements to l.cuder(or fa�led ta mvide L.eader widr aa mater�al infmmation)in connectiaa witR:;• .
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<br /> ., , •�. the loau evi�enced by the Note. iududing, but not limited to,iepresentatians.coacerning Bomower�s accupancy of the••�
<br /> � i .:� . • ;��,3::Y, Property�:aprincipai residence. If thfs Security Iastrument is on a�easehold,Hosrqur�r s�.rnmply with all the provisiana..
<br /> � ' �<<� :�F:;?�;� of[h��.e� If Borrower acquires fee titie to t8e Property,the.leasehoId aad t�e feeiiiZe��it'�ot merge uniess Lender ag�ees �
<br /> 1"��4,�sti�i - ';�:'x�;t�z' t0 t�t21.kT'�:'�,LTlq Wlthfl$. �. - ;... .. . . ,
<br /> �'"�f:; :;'':'`� ':t�' ` T. �totection af Lmder's ts in the' If•Bonower fa�7s:tu ..r►;ce�he covenants and a eata. .
<br /> ; ��;��,�5>:�;..'_: t .. Rigb k�Pertsc_ }�G. 8��
<br /> ��`'' rnntained ini this 5ec�uiiy Insaumen�or the�i�a iegal proceeding thai may si�ft�y;affect Lender�s rights in tLe •
<br /> { -�+Y1<t�'•.�`c:;;��`�;{tiz
<br /> , �,•...:. .`.:.���;;t;�;�1 ' Propeny ts�ich as a pr�oeeding in bantc�uptcy,Pmbate.for condemnation or forfeiwre or to=�far�e laws or�egWations�Wea . .
<br /> s::;+r LendeF sna�-do and a for whatever es aeces to mtect the value of the sud(xc�er's ri ui the Pro e
<br /> ; � ,:'; '�>-::}'. P Y �Y P �Pert3! S�� P rtY•� .
<br /> : ':,'�� Lender's actions may include paying any sums secured Ay a lien whieh has prioritK uver this Security�In4munent�appeari�g
<br /> �. � :: ��. �t�:
<br /> ' ; �:•'� � ;;�``.. in court.paying reasonabte attomeys'fees and entering oa the Pcoperty w mafse�rairs.Ahltough Le[tder may take actiqn
<br /> ' y,�. ; �. nnder this paragraph 7.Lender dces not have to do so.
<br /> t F�• My amounts disiwrsed by Lender under this paragraph 7 shall become oddi�ianal debt of Haanwer secured by thia
<br /> ` ` Securiry InswmenG Unless Bomnwer and s.ender agree ta other terms of paymen�thesa amounts sha11 bear interest&om the
<br /> � . , • date of disbursement at the Note rate and shall be payable.with in:ecest,upon aotice fram Lender to Bmrower requesting
<br /> ;. ; payment. -
<br /> " 8. Mortgage Insurance. If Lender requimd mortgage insurance as a co�tion of making the loaa secuted by this �
<br /> ' �.:���.=��; Security Insuument, Borrower shaq pay the premiums required to maintain the��agage insurance in effec� If,for any � _
<br /> " '"':;.;�� reason, the mortgage insnrance coverage required b�Lender lapses or ceases co be in effect. Bomower shaU pay tha --
<br /> � ; .. '• • premiums a�equired to obtain coverage substandaUy equivalent to th:mortgage insurance previously in effect,at a cost °-
<br /> substanti�fEq equivatent to the cost to Borrower of the mortgagc insu�nce previousty in effecc,from an altemate mortgage
<br /> � � insurer a�roved by Lender. If substan6ally equivatent mortgage insurance coverage is not aca�able.Borrower shall pay to
<br /> . s:;,,^� ' Lender eas-�month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Bomower when tlte -
<br /> �;;;'�,::• • insurance caveraae la�ssed or ceased to be in effect. Lender wfll accepG use and retain these payments as a loss reserve in liau
<br /> � �'•`w'�' � � of mo � �e nsurartce. Loss reserve payments may no tonger be required,at the optio»of Lender.if mortgage insurance
<br /> . :�=?;,:: ,. ,
<br /> . ,,,;,,. .,_:�.;•::;; :� coverage fnr�e an:o�.Rrc ar.a for the�aiad that Lender requires)provided by an insurer approved by Lender again becontes
<br /> '�• s •"•` ;`�� uvailafs�e aec�+is obtair:ed.Borrower sha�i pay the premiums required to maintain mortgage insurance in effect,or to pmvida a
<br />- '� ��'�i'`��'r" � ' loss resen•e,until the r u�rement for mort a e insurance ends in accordance wiEh an written a ment between Botrower
<br /> F,;:::,is�,:�i;�:. .�:•:'. e9 � P P Y 8�
<br /> '� +i�,.�:�<< ��•_ • • � and Lender or applicable 1aw.
<br /> �� ���k�`' . 9. Inspection. Lender or its agent may make reasonuble enuies upo»�zd inspections of the Prope�ty. Lender shull��
<br /> � � ' ' give Borrower notice at the time of or prior to an inspecdon apecifying reasonab'_e cause fos the inspection.
<br /> ?";, � ���?::: ' 10 Condemnatton. The proceeds of any awArd or claim for dzmages,direct or consequential.in connecrion with pny�
<br /> �,�±i,;:��, Singte Famiiy--G�mle MaeJFrrddie Mac UNIiURt!I�i5'fRU:VI£.y'P--Unitartrt Covenants 9l9Q (page.�of 6 pogest
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