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<br /> periods th�t Lende�roquireY. The lnaunnce cutier providin�ihe in�ur�nce�hall be choren by Bortower�ubjxt to I.enderti
<br /> - . �ppn�v«i wbkh�iu�1i�K,t�ur��.�:ar+atty�itt�xld. !f Sono�:�er fall�to m�iet�+in cevenge rleac�i6ed a6�ove.La�der may.at .
<br /> Lander'�option,otrttfn cuvery�e:o pratoct 4enderk ri�hta in the Property in accotdance with pwr4gr�ph 7.
<br /> i�- � All insun�nce policies nnd renewals shall be�cceptable ta Lender and shull Include�atandud mcxtga�e druse. Lender
<br /> sh�ll I�ave the right to hold the paflcies�nd rcnewxls. !f Lender roquirec,Bocrower ehall promptly glve to l.ender dl rcceipts
<br /> ` of paid premiums wui nnewal noticcs. In tt�c cvent of loss,Borrower shall Qlve prompt notice to the in�urwice cartier and
<br /> Lender. I.ender may m�ke proof of lass if not m�de promptly by Bocrower.
<br /> ��._—___ ___ lJn1e94 Lender end Bcxrower otlxrwir,e agroe in writfng,in�uran�e pmceeds shall he applied to roatoretion or reprir of _
<br /> -- -- the Prop�rty damaged. if the restoration or rcpair ic economically feasible snd Lenderk�ecurity is oc�t lessened. If ths
<br /> - � restorati�n or repuir is not ec�nomically feacible or l.ender�s security would be lessened,the insurance proceeds shall be
<br /> applied to the sums sccut�ed by this Secudty Insttument,whether or nat then due,wlth arty excess paid to Borrower. If
<br /> Bomawer abu►dons the Propeny.or does not answer wlthin 30 days a notice from l.ender that the insu►�►ce carrfer has
<br /> — offercd to settle w cluim,then[.ender may collect Yhe insurnnce proceeds. L.ender may use the proceeds to rcpair or rcstorc
<br /> — the Property or to pay sums,kcured by thi�Security[nstrument,whether or not thcn due. The 30-day period will be�in when
<br /> --3 =�_--•— the nodce is gtven.
<br /> Unless Lendcr and Borrower otheiwise agree in writing,any applicadon of proceeds to principal shall not extend or
<br /> postpone the due dato of the monthty payments refemed to in paragraphs 1 and 2 ar change the amount of the payments. lf
<br /> under paragraph 21 the PropeRy Ps acquired by Lender,Borrower'� dght to uny insurance policies and praceeds resultins
<br /> from damage to the Property prior to the�cquisition shall pass to Lender to tha exunt of the sums secured by this Securiry
<br /> Insqument immediately pdor to the acqufsltlon.
<br /> 6. Occupancy, Preservxtion, Maintena�ce And Protection oP the Property; Borrower's Lo�n Appllcation;
<br /> [.easeholds. Barrower shall occupy,establish,and use the Property as Horrowerk principal residence within sixty days after
<br /> -- the execution of this Security Instrument and shall continue to occupy th�Pruparty us Borrawrr i principal tesidence fur al -
<br /> least ona year after the dato of occupuncy, unless l.ender atherwise agrees in writing. which cansent shall not be
<br /> � unrett.connbly wlthheld,or unlass extenuating circumstances exist which are beyand Barrowerk cantral. Harrowcr shall rtot
<br /> � �Y ' destroy,damage or impair the Property,aUow the Property to deteriorate,or commit waste aa ihe Property. Borrower shnll -
<br /> `�?� ���''� be ln default if any forfeiture action or proceeding,whether civi!or criminul,is begun thut In Lendert good faith judgment -
<br />°�;;`�� �S cauld result in fort'eiture of the Property or otherwise muterially impair the lien created by this Security Instrument or _
<br /> :t'� Lender!s securtty interest. Borrawer may cure such a default and reinstate,as provided in paragraph 18,by causing ihe action
<br /> `,��' ar proceeding to be dismissed with a rulin$that,in Lender's good faith detennination.prccludes forfeiture of the Borrower§
<br /> - "- interest in the Property or other material impairment of the lien created by this Security Instrumer.t or Lender's security
<br />,;,,,,`.;� interest. Borrower shall also be in default if Borrower. during the loan applicntion process. gave materially falsc or
<br /> inuccurate information or su►tements to Lender(or failed to provide Lender with any material information)in connection wish
<br /> the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's accupancy of tht
<br />��-;_��� Property as a pdncip�residence. If this Securiry Insttument is on a leasehold,BoROwcr shal l comply with all thc provisians
<br /> of the lea.r•e. If Barcower acquircx fet titic to the Property,[he lea+ehnld end the fce tittc shall aot merge unless Lender agrees
<br /> '�:4�,�. " to thc mergcr in writing. �
<br /> ' ,;,;,:=: : 7. ProtectG►n uf I.enders RiRht� in the Property. If B�rrower failx ta perform thc cavcnant, und ngrcements
<br /> �dt i,:�T '�" � ccmtuii�ed in thl�+ Security Imtrument,ar there is u Iegul pnxeeding thut mi►y �ignifirundy uffect Lenckr's rights in the
<br /> � � ��j��:u Pn�crty(�uch u�u}x�xeeJing in twnkruptcy,{xobate,for concicmnutiem ur ti�rtciture ur to cnfi�rcc luws or regulAtions),then
<br /> • ,�``.;�'•''' l.cndrr muy dn und�u►y tiir whutcvcr ix ncreswry to prutcrt ihe vulue uf thc Prupeny and Lcnd�r:right.in thc Propeny.
<br /> � - �•'•'�"°•'•'�"��' Lendcrti uctinn+muy inrlude puyin�cmy+unn Krurcd by a licn which ha+prinriry uver�hiti Security Imtnmknt,appearinb
<br /> .. .5 � � in awn,puying rruwnuMe,�uorn�yz'fec+und emering on tix F'n►�:ny to mukc repuin.Althcwgh Lender ms�y tolce�rtion
<br /> rnti'?�Pti.:�.. ,.,. . unJer ihf.paru�truph 7,I.endrr d�x.not huve ta do W,.
<br /> - Any um�wnts di�txtr,eJ by Lencler unde�this puragruph 7�hull tncom�additionul debt of Borrower secured by thl+
<br /> ,-y � � � • ,�; ••;, �, S��curity In+trument. Unle�.Borc�iwer and Lcnder agree to uther temiti of'puyment,thesr amounts xhall 6ear interest from the
<br /> ,� — . • •. •� dutc�f dixtwrsement rt thc Note�ate;u�d shull bc puyable,wtth intare,t,upon notice from I.ender to Borrowcr rcquexting
<br /> ��n:,i.. �,� , W►YmenG =
<br /> '�'° 8. MortgAge Inwrance. [f Lender rcyuircd mortgage insurance ac:i condition of mnking the loan secured by thls
<br /> ��"='r�'-"' � Securiry Inshument, Borrower shntl pay the premiums reyuired to mnintuin the mortgage insurance in effect. If,for any
<br /> r�:� .� reason, the mort a e insurance covera e re uircd b Lender la ces or ceaxex to be in effect. Borrower shall a the
<br />- 4 ► � 8 S B 9 Y P• P Y
<br />__• �,-��:'^ , premiums rcquired to obtain covcrage substanttally equivalent to the monguge in�urancc previoucly in effect, at a cost
<br /> 4�;?, � • substantiaUy ec�uivuler►t to the cost to Borrower of the mortgage imurunce previoutily in effect,from an altemate mortg�ge
<br /> ��;*r�,�:�- .;;^-:, insurer upproved by Lender. If subste+ntinlly equivulent rnortguge insurance coverage is nat available,Borrower thull pay to
<br /> =: �::�-° � � �• Lender each month a tium equal to one-tweltth of the ycurly mongage insurancc premium being paid by Borrower when the
<br /> - "' '`�'�` �•' insuruttee coverage Inpsed or ce:►sed to he in effect. Lender will accept,ux�and mtain thexe payments as u loss rcserve in lieu
<br /> _'.;��?� .�y��j' of mortgagc insurance. Loss reservc payments may nv longer be requircd,ut the option of Lender, if mongage insurencr
<br /> �`'r "' �';'.{�y�;s coverage(in the amount and for the period that Lender rcyuires)provided hy un intiurer approved by Lender ugain become.
<br /> •;,�,,,,..,41 available and is obtained.Borrower shall puy the premiums requircd to muintuin mort�age intiurance in effect,or to provide a
<br /> _�� ,f, ���: loss rescrve,until the requirement for mortgagc insuranc�ends in accordunce with uny written•rgreement between Bor�nwcr
<br /> �'°'�Y � ond Lender or upplicuble luw.
<br /> ��, �...' .
<br /> ,�� +,`s•:er'� 9. Inspection. Lender or its agent may make rea+onable entriec upon und intipr:ction,of the Property. Lender sh�p
<br /> — .�..��.,,
<br /> __ �,;�,�� give Borrower notice at the time of or prior to an inspection specifying reasonuble causc for thc inspection. _
<br /> _ � 10. CondemnAtion. The proceeds of uny award or ctuim for damnges,dimct or conseyuentiat,in connectton with:u�y _
<br /> ;��_� I Sinak fiunily••Fa�ak Mae/FYeddk Moc UKIFORM INSTRUMF.NT•-Unifomi Covenrm+: 9/90 qxixr 3 0(6 prttrs► _
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