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<br /> _ __� �..�ri��N,ne 1 rnde�ra2uires. 'I'he in�uiance curtier pmvidin�ihe lneunuxe rhall be choaen by Borcower wbject to Lenckr's
<br /> xppmval which rhall not be unreuan�bly wlthheld. If Bomower fAil�tu mantrm covera�e descriix�i ai,u�e,tx,�c m�y,st
<br /> Lender's•option,obtain covecnge to pmtect l.enderb dQhts in the Property in uccordunce with�aragraph 7.
<br /> - -- Aii insurance policies und renewals rhAll be acceptable to I.ender u�d xhull include K etandurd mortg+�ge clause. Lender
<br /> �------°-�- shaU have the rlght to hold the policfes and renewals. If Lcnder rcyuircr.Borrowcr shatl promptly give to l.ender all rcceipts
<br /> of puid prcmiums and renewal noticea. In the evont of loss.Hocrnwer shell Yive pcampt notice to the insurance cArrier and
<br /> �»� Lender. Lrrtckr may ms�ce proc�f of loss if not mAde promptly by Barrower. r
<br /> = - Unless Lender and Botrowcr otherwiae ugree in wnting,intiur:uxc prcx;ccdti shall bc upplicd to restorntlon or repsir of
<br /> . � � the ProQerty damaged, if the rcstoration or rcpair is economically feaisible and Lendert security is nut irssened. lf the -
<br /> restorahon or repair is not economically feysible or L.ender�security would be Icssened, the insurance procecd+sh�ll be
<br /> �`'`� applied to the sums secured by this Sec:urity Instrument, whether or not then duc,with any excess paid ta Borro�Her. If
<br /> - Borrower atwndons the Propecty.or das not answer within 30 duys a notice from Lender that the insurance cartier hzs
<br /> ____-- offered to settle a claim.then I.ender may copoct the i�surance praceedx. Lender mAy use the proceeds to repair or restore
<br /> ,,.��.�;,,,,,��, the Praperty ar to poy sums secure�by this Security Insuument,whether or not then duc. The 30-duy period wi11 be6in when
<br /> -----= the notice is given. -
<br /> Unlesx I.ender and Borrower othecwisa agree in writing,any application of proceeds to principal shall not extend or -
<br /> postpone the due date af the monthly payments referrcd ta in parngraphs 1 und 2 ar change thc amaunt of thc payments. If
<br /> under paragcaph 2l the Praperty is acyuired by Lender,Borrower�s right to any inswance policies nnd proceeds resulting -
<br /> -` from damage to the Prc>perty prfar to the acquisition chall pass to Lender to the extent of lhe sums secured by this Securiry
<br /> Instrument immediate{y prior to the acquisitian. -
<br /> �:� 6. Occupancy, PreservAtion, Matnterwnce and Protectbn of the Property: Borrower's I.oan Application;
<br /> � L�•�sehold� Borroµer�hap c�ccnpy,establish,and use the P�operty�Borrower's principal residence within sixty days after
<br /> � thc executiu,i of this�ec��riry Im.vment and shull continue to occupy the Property as BoROwer�s principal residence for at
<br /> - } least one yeur after the date of occupancy, unless I.ender othenvise agcees in writing, which consent shall not be
<br /> .�: • unreasonably withhetd.or unless extNnuating cireumstances exist which are beyond Borrower's convol. Borrower shall not
<br /> �•�� destroy.damage or impair the Piroperty,ullow thc Property to deteriorate,or cammit waste on the Propeny. Borrower shall _
<br /> n� be in dafault if any forfeiture uction or proceeding,whether civil or criminal.is begun that in Lender's goad fuith judgment
<br /> � . could result in forfeitum of tt�e Properry or otherwise r��aterially impair the lien treated by this Security Instrument or
<br /> Lender's security interest. Bomower may cure such u default and reinstate,as provlded in paragraph 1 S,by cuusing the action
<br /> or proceeding to be dismi�.5ed with u ruling that,in Lender's good faith determination,pmcludes forfeiturc of the Borrower's -
<br /> intemst in the Property or.other material impuirtnent of the lien created by this Security Instrument or Lender�securiry
<br /> �+: „ ��, intenst. Borrower shall also be in default if Borruwer. during the loan application process, suve materially fAl�e or
<br /> - inuccurate information or statements to Londer(or failed to provide Lender with any materinl infarmation)in connection with
<br />�:��;�;. the loan evidenced by the Note, including, but not limited to. representations concerning Borcower's occupancy of the
<br /> - - �. ° F�up:.�ty u.,a principat residc�rc. If ihis Security lnstnsment is on a kasehold,4i�rn+wer chall compiy wjth all the provisions
<br /> ���w`•�. af the lea�e. If Borrower acquires fee tide to the Property,the leayehold and the fee titic shall not merge unless Lender agrces
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<br /> .�.rz-; to the mer er in writin
<br /> ,��� ;��R�A����••'� 7. Protection o Cxnder's Rights in the Property. If Borrower fails to perform the covenanis and agrecments
<br /> ��:.'�:;��`.a.•. '
<br /> a�„�i�?};�:,�;�':.;: contained in this Security lnstrument, or there is a legal proceeding thot mny signi�cantly affect Lenderc rights in the
<br /> r�•r•'.,.��'-• c •r.,, Property(such as u procreding in bankruptcy,probate. for condemnation or forfeiture or to enforce laws or regulations),then
<br /> _ `�`''"`''�'•`.�.""?',.� Lender may do ond pay for whatever is necessary to protect the valuc of the Propeny und Lender's rights in the Property.
<br /> ��,�;,� ,�� �:;'_ ., l.ender's actions muy inciude paying any sums secured by a lien which hns prionty over this Security]nstrument,nppearing -
<br /> r . ��, 1�,,, in court,paying reawnxble attomeys'fees und entering on the Property to make repain.Although Lender may take action _
<br /> t°`��'"�•;+ under this p�ragraph 7,i.ander does not have to do so.
<br /> ��-f ' Any amc�unt�disbursed by Lend�r undcr this paragraph 7 shall become additionul debt of Borrower secured by this
<br /> _ �1dH4 Y1•La'�ry�,i;�:�� Security(nstrument. Unless Borcower and Lender agrec to aher tem�s of payment,thesc amounts shall bear interest fram the
<br /> �:� i%u ;�� dace of J�sbursement at the Note rate nnd shall be payuble,with interest,upon noticc from Lender ta Borrower requesting
<br /> T �t�i� "•:�. .,.
<br /> �`:':t•^t.��,s�:�4�:r � payment.
<br /> .,,:�-.,.•,..,ti-.„�.:.•. 8. Mortgage Insurance. If Lcnder required mongage insurance•rs a condition of making the loan secured by this
<br /> _ �, ..^ ' Security Instn►ment,Borrower shull p•ry the premiums reyuired to maintnin the mortgage insurunce io effect. If, for a��y =_
<br /> ` ..�i:..; reason, the mortgage insurance covertge reyuired by Lender lapses or ce:►se� to be in effect, Borrower shall pay the _
<br /> - ..�s;'`�`�`'G� premlums required to obtain coverage xubstuntially equivalent to the mongage insuruncc previously in effcct, at a cast
<br /> °� '-:`-Y����� substantinqy equivalent to the cost to Borrower af the mortgage insurunce prcviously in effect,from un nitemate mortgage _
<br /> 'v.'1�;.;�b: :� =
<br /> .,. 1. .._. ' insurcr approved by Lender. If substuntially cyuivalent mortgage insurance cove�age is not available,Borrower shull pay to
<br /> �''r �•' ` Lender each month u sum eyual to one-tweifth of'the yearly mortgnge insurance premium lxing paid by Borrower when the -
<br /> ��'�. ".,,. .,, ; insurance rnverage lapsed or ceascd to be in cffcct. Lender will accept,use:u�d mtain these paymcnts as a loss reserve in lieu =-
<br />- ±?r;.:��# � of mortgage insurance. Loss rcserve payments may no 14nger be requircd, ut the option of Lender,if mortgage insurance
<br /> - "�'�':� � coverage(in the umount and for the period that Lender requires)provided by an intiurer approved Uy Lender again becomes
<br /> :• �:� �
<br />��!_ •�:�:+..+e►�, availablc und is obtained.Bo�rower shall pay the prcmiums mquimd to maintAin mortgage in.urance in effer.t,or to provide a
<br /> �m.:wx� .x i
<br />_.==,� _.�.�� loss reserve.until the rcquirement for mortguge insurance endx in accordnnce with uny writtcn agreement between Bomower
<br />-°-— and Lender or applicublc law. -
<br />�� ;W!° � j : . 9. Inspection. Lender or itc agcnt muy muke reasonable entries upon and insp�:ctions of thc Property. Lender shull _
<br />�':. -
<br /> ,. 4 give Borrotver notice at the time of or prior to an inspection specifying re•rwnablc cause for the inspection.
<br />-`�i•� '� 10. •Condemnation. The proceedti of any award or claim for d:unages,direct or ron�eyuentiul,in connection with any -
<br /> - "•� • Sin�k Family--Fw►ak MtdFteddk M�e UNIFORM INSTRl1MENT••Uni(orm Covenantti 9i90 1/wRt.i af A poResl
<br /> --�-_``� �i Gtal L�tee&Wner Farme.Mc t _.
<br /> To O�dat Gt:1�OP63DYOW O PAl 61aJ9�•1�3f
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