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<br /> 93�
<br /> prriada that l.ender c�equiroy. The in�urAnce cacrier providing the insurancc shall be choscn by Borrower wb�ct to Lendwl�
<br /> -- - - - �pprovai whicb si�aii rwi bc unrcuscHirbiy witidKiJ. It s�h��K'3i f�7II:so msints�e covcr.sge dacribcd r.�,l w�wl�r may.at
<br /> Le��rk nption,abt�in coverage to protect Lender's•rights in the Praperty in uccordunce with parogrnph 7.
<br /> All incurance policies and rcnewalx shnll tx acceptuble to L.ender und�holl include�stwndard mohQege rlxuxe. Lender
<br /> ch�ll havc the right tn hold the pc�liciex and oenewal�. If l.eixkr reyuirr�,Barrowcr�hall promptly pive ta Lcnder�II«ceiptr
<br /> of paid premiums und rencwul n�ticcs. In the event af lo+y,8orrowcr shull pive prompt noticc w the inYUrunco curior�nd
<br /> L.ender. l.ender may m�lce praaf af loss if not made prompNy by Borrc►wer.
<br /> -�-----�-�---�---�------ Unless Lender and Bormwer Mherwt,e ngrea in writing,insurance proctedx shall he applied to r+e��oratlon cx re{wir uf
<br /> - the Prc►pany dam�+ged.if thc rcstorrtion or repair is ecanomically feusible and Lenderk accurity ix not Icssened. If th�
<br /> - rcstorution or e+epafr iti nat economically feu.�ible or Lendert securiry would be lesxened,the insurance proc�eds shall be
<br />— _ applicd to the sums secumd by this Security Insin�ment,whether or not then due, with wty cxcexs putd to Borrawcr. If
<br /> - Borrower abu�dons the Property, or dax not answer wlthin 30 duys a ncuice from L.ender that the insurance carrier hac
<br /> offered ta settle a claim,then Lender muy callect the►nsurance praceeds, Lender muy use the proceeds to repair or rcstorc
<br /> -- the Propeny or to pay sums secured by this Security Instrument,whether or not thon duo. The a0-day period wiU begin when
<br /> — -- - tha r�aticc is given.
<br /> Unless Lender and Bonower otherwise agree in writing,any application of pmceeds to principal shall not extend or
<br /> postpone the due date of the manthly payments refernd ta in puragrnphs 1 and 2 ar change the amount af thc paymen�s, lf
<br /> under paragraph 21 the Properry is acquired by Lender, Borrowect right to any insurunce palicies und proceeds resulting
<br /> ---� frnm damage to the Property prior to the acquisition ahall pass to Lender to the extent of the sums secured by this Security
<br /> _� Instrument immediAtely pdor to thc tuyuisition.
<br /> 6. Occupstacy� Preservation, MAinitena�ee And Protection of the Property; Barrower's Luwn Applicution;
<br />= Leaseholds. Barrower shaU occupy.estublish,and use the Piropeny as Bonower's principal residence within sixty days after
<br /> � the execution af this Security inxtrument und shaii cuntinur tu oc:cupy the Propeny as Borrower�s principul residence for at
<br />- least one year after the date af accupaney, unless Lender otherwise ugrees in wrjting, which coment shall not be
<br /> unreasonably withheld,ar unless extenunting circumstances exist which ure beyond Borrowerk contral. Borrower shull not
<br /> destroy,damage or impair the Propeny,allaw the Propeny to deteria�Atc,o�commit waste on the Property. Borrawer shall
<br /> be in dcfault if any forFeiturie action or proreeding,whether civil or criminnl,is begun thut in Lendor's good fuith judgment
<br />�:��:' could result in forfciture of the Propeny or othcrwise materially impair thc lien created by this Security Instrumcnt or
<br /> '�` Lender�s security interest. Boisower may cure�uch a default und remstate,us provided in puragraph 18.by causing the actton
<br /> or proceeding to be dismisr,ed with a ruling tl�ut, in Lender�good fuith detcrminution,pmcludes forfeiture of the 8orrower's
<br /> ,� inte�+est in the Property or other materiul impairment of thc lien creuted by this Security Instrumcnt or Lenderk accurity
<br /> �'t �nterest. Borrower shall also be in dcfault if Barrowcr, during the loun upplicution p�occss, gave materially false or
<br /> inaccurate information or statcments to Lender(or failed to p�ovide Lrnder with any materiul information)in connection wlth
<br /> -;; tl�e loan evldenced by the Note. including, but not limited to, repn��entatiom concerning Borrower's occupancy of the
<br />-�� ,, __ Property as a principal residence. If this Serurity Instrument i�+on u le•rsehold,BoRawer shnll comply with all the provisions
<br /> � s• of thc leasc. If Borrower Acquires fec title to thc Prapeny,the leavchold and the tce tide�hntl not merge unless i.ender agrees
<br /> ` � ,'•``� to the mergcr in writing.
<br /> �"',1 �" 7. Protcctlon of Lender's Rights in the Praperty. It Born�u•er faiiti to pert'omt the cavennnts nnd ugreements
<br /> ��.,.
<br /> % �s�;,,::!..;`"' contained in this Security Instrument, or there is a Iegal prac��cding ihut muy sitinificuntly uffect L.ender's• rightti in the
<br /> �,:`r:s}�s°.:�:''``', • �. PropertY(such as u proceeding in bankruptcy.probate.for condemnation or forfcitute or to enforce luws or regulanons),then
<br /> t,. �.�>:•�r ;
<br /> r� •� I.ender may do a�id pay for whatevcr i+ncccssary to protect the value ot'the Proprrty rnd Lendcr:s rights in tha Property.
<br /> � �'• �=?. .
<br /> , ���ri;�-• . �:Y Lendcr's actions may incluck paying any�um�.rcurcd by a licn which ha�prioriry ovcr thix Sccuriry Instrument,appraring
<br />- ��i�ti�;�•�%-•�•-.�- in court,paying reasonable uttomeyv'fecs and rntering on the F'�openy to nwkr repairs. Although Lender may take action
<br /> ,�: .;.�:�;;� u►xier this parugruph 7.Lender does not huve tc►du w.
<br />= . �_ „-..�.�,d�i: Any utnounts disbunrd by Lcndcr undrr thi+ puragrnph 7.hull Ixr�m�c additionul deM of Borrower secured by this
<br /> ���:,;=:
<br />,f�'� 1�';•':;;.'"�� Security instrument. Untess Borcowrr tmd Lrndcr agnr to othrr ienn,of p:rymrnt,the+c umuunts shall lxur intcrcst from the
<br /> �.v�., � date of disbun:ement ut the Note ratc und,hull he pay:ible.with intrrc.t. u�xm n�nice t'rom Lender to Borrower rcyuesting
<br />- . � ,y,,.�,,.,.�.: .,, a ment.
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<br />• '•6'•�►fi,;�7'i��""• 8. Mortgage lnsurance. If'Lender requircd mortgagr in.urunrc a+u cunditinn uf making the loun+ecurcd by this
<br /> ���5�'k"'�:�•i�� Security Instrument. Barrower shall p•ry the premium� iCl�U1R(I IO I11:1�Illain thr mongugr in,urunce in rffect. If, for uny
<br /> . , y..,,�r-��:�'�.. ' ,
<br /> , �.rk�_ „ . f+CASOD, the mangage insurnnce covers+ge myuired by l.ender lup.rs or ceaxe. tu Ix in rffcrt, Bcirrower shnll pay the
<br /> ` premiums required to obtain coverage subst:►ntially ryuivalrnt tu thr mungage in+urunre previou,ly in effect,3I � COSI
<br /> f�������'"= substuntially eyuivalent to the rost to Borniwrr��f thc mortgage insuranrr pmvi�iu,ly in cl'Crct,frum an ultemute mortguge
<br /> Ac��'.•.�.•._.;.:::r,
<br /> �.� ,.,��. �,•_.:,:,,: insurer upproved by Lender. lf sub.tantially cyuivalent mongug�in�ur:mcr covcrugc iti not availablc, Borcower shull pay to
<br /> '=;�tti'��=� ���"��'�'�' Lender each month a tium eyual to one-twelRh of thc yrarly numgagr in.ur:nxr premium hcing puid hy Borrowcr when the
<br /> :• ,.
<br /> "`' '��` insurunce crnerage lapsed or reaxrd to be in rf(rct. Lender aill nrcrpt,u+c anJ rrtai�ti thr�e paymrnts us a loxs rescrve in lieu
<br /> of mort�age insuranc�. Lo�z rczervr puymrntti may no I��nger he rcquimd,ut the uption ut' Lcnder, if mortgugc insur;u�ce
<br /> •''• ' coverage(in the amount and for the pericxf Ihut Lcndcr rcyuirc,)providrJ by.in in�urcr approvcd by Lender ugain becomes
<br /> , -_,.�._,Y nvailable und is oMained.Borrower tihalt p•ry the pn mium�Ryuircd to maintuin mortFag�in,urance in effert,or to provide a
<br /> ' ���,�4,� ' loss reserve,until the requirement for moKguge insurunce endti in arcordiince w ith any writtcn u�rcement between Borrower
<br /> '��=��5'��'4"�: andLenderora l��ableluw.
<br /> _,s,, s._.•. PP•.
<br /> ,. -'�•�• 9. Inspectlon. Lcnder or its agent may makc ma�onahlc rntrir�u�n und ins{kctiony of thc Proprrty. Lender sh:�ll
<br /> ra.,ii=.
<br />_ , • Pr�};..p givc Bormwer notice at the time of or prior to un inspection�Excifying rea+onublc rau�r fur thr in+�ctiun.
<br /> - 10. CondemaAtion. The prcxeeds nf:�ny Uwi�rd or claim for dumagr,,dinrt or conxcyuentiul,in connection with any
<br /> .I "�°1"'1.'.^.`.'�:'��. Singtc Famlly•-F�nntc IqwelE�eddtc 111ac l'�11NOttM IN17'Rl:�1F:i�7'..Unfti�nn Covcnant+ 9/90 l�ix�•3 ujn p,rxcs)
<br /> ?I�-• ,•�',t ta'at la►'e Ouwusi Faw�.4c.■
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<br /> To OnUt Cpp:�80p5,'16p3Y0 O PAt 81&lYt-t I9I
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