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<br /> . ��RECORDEO 93s�1 93• 1�.�0
<br /> -- — �.- �-r3ad�tfwt l.asc�r m�lie�. 'I�sc Inas:rancs cerrkr p+rwklin�rba.inwranaF�hall.l�e ciw�an by Burmwer wbj�ct w La�d��
<br /> appmv�l which�11 not be unne�9anably withheld. If 8ormwer frils to mlunt�i0.cover��e de�cdb4d�bove.lAnder an�y.�t
<br /> (,p�derl�opt�vn.obWn cover�e to pr+otect I.ender�s d�btaln tha Proparty in.�M�ce wlth para�nph 7.
<br /> , All inwurancc policiex and�+enew�ls shall be�ccept�bla ro I.a�ulcr nnd�ah�dl incdude a standrM mort���e clause. L.a�der
<br /> �hall hrvc thc rf�ht to lwld the policies�and renewals. If l.�:nda�rcyuf�c.l3oirow�shnll promptly give to Lender tll receipts
<br /> of prid premlunu md rcnew�l�wtices. In the event of locr►.$arrowtr sl�all g't�o•ptumpt�xxke w the insur�nco curier md
<br /> La�r. l.snder may make p�uof uf lons if nat mnde promptly by&►rrower.
<br /> -=��'c°�`"�' Unlexs L.enckr wxl i3orrower aiticrwise•rgree in writing,insurnncc pmceeds sfialt he applied to restorntirnt cx oe(�eir of
<br /> tho Property damaged, if the rcstoration or rcpulr is ecanamic�lly fewsibla.rnd..Lender�s:ocurity ls not lessened. If tho
<br /> restorulon or rcpair is not economically feasible or Lenckr�security would bs larsened.tbe iosurance proceodc eh�ll bo
<br /> ap�lied to the sutns securcd by this Security Instcument, whatho�ar aat tha�d��u, with �ny excess paid to Borrower. lf
<br /> Borrawcr sbandonx the Pnoperty�ar does not Anawer wlthin 30 duys a natice frum Lender that thc insurance carrie�has
<br /> offercd to settle a claim.then Lender m�y collect the inwrnnce proc�edi:. Landpt muy use the proceeds to apair or restone
<br /> the Propeccy ar to pay su►n�secwed by this Security Inctrumant.whethar or nat thwt due. The 30-day period will ba�in when
<br /> -- the notice is given.
<br /> Unless Lender and 8ormwer othetwise agree in writing,any applicatian pf�mcceds to principal shull aot extend or
<br /> pc�stpone the dae datc of the manthly payments cefemed to in pamgmphs I and�or ahungc the amount of thc paymenta. If
<br /> utrkr pangnph 21 the Property is acquired by Lcndcr,Burrowerb right to anp inaurenco policies and procads rcsulting
<br /> from datnage to ttte Propmty prior to the acquis�tion shsdl pasx to Lendar to tha oxtont of the sumx cecurcd by this SecurUy
<br /> In�trurocnt immediately prior to the ocquisition,
<br /> 6, qceupu�cy, Preservallon, Malntenance and Protaction ot tF►� Property; Borrower's Loan Applk�tioM;
<br /> i.eASCbolda. Barrower shn11 occupy,cstublish,and use the Prn{wrty ris BorroWrr?�principal residence wlthin sixty days wt�er
<br /> - the txocution of this Security Tnstrument and shall continue to occupy tha Hrmetry tis Borr�wer?s principul residence for u
<br /> -- leust orsa year after the date of occupancy, unless Lendet othervri�e u�:n.�es in writins. which consent shall nac De
<br /> unneasonnbly withheid.or unless excenuacing circumstances exist which.uu beyond Bomawer�s control. Borrower shall not
<br /> ':-�4 destroy,damagc or impuir the PrapercY.al�ow the Property to deteriomta,or commit waste on tha Property. 8orrower shall
<br /> be in defaule if any forfeiture uction or proceeding,whcthar civil or criminul,is begun thAt in Lender's good faith judgment
<br /> could result in forfeiture of the Property or otherwixe materially impuir thc lien creuted by this Security Inswmant oc
<br /> 1 Lender's security interest. Barrower moy cure such a default c►nci reinstate,as;xavided in paragraph 18.by causiag the action
<br /> :,c. or proceeding to be dismissed with a ruling that, in l.,�ndcr's gcx�d faith dotom�ination,pmcludes forFefturc of thc Bormwer's
<br /> ..�� incerest in th�; Pnopercy or other material imp�irment of the licn created by this Security Insuument or I.ender's sccuriry
<br /> --- intcrest. Barrawer shall ulso be in defnult if Borrower, during the lonn.�ppplicAtion process, gave matcrially false or
<br /> «�, inaccunte informntion or stutements to Lender(or failecf to provide Lcndet wilh any muterial information)in connectian wfth
<br /> ,_;,,•L� the loan evidenced by the Note, including. but not limited to, mprorentntinns conceming Bomower's occupancy of tha
<br />__��_ ;. — pra��rty a.:��rincipis!r=sidencP. [f thi�Cecurity In�trument i�cxi n Ieasehold.•8orrower shnit comply with uQ the provicionx
<br /> ti 1�.. �C•�; oF the Ietue. If Barsower acquire�fec tide ro the Property,the leauetwld s�nd tho fee title shall not merge unless Lendor agrees
<br /> � ��.. ;. r Y tothe mergcr in writing.
<br /> 1!"�" ,.ti.�'�c" 7. Protection of l.ender's Rights in the Property. If R«xrower fails to perfonn the covenunts and a�tcements
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<br /> '""�''"'`k� contutned in thi� Security Instrument, or there is u Iegul proc�xdiny^ ti�ut may significandy affect Lenderl rights in the
<br /> .�: ` ,,`,''t�['�'�` Proparty(such us a proceeding in bankn�ptcy,protwte,far condemnAtion or furfeiture or to enforce lnws or regulations),then
<br /> "� , •';'�:,e'�-'�:�,�� Lutdcr may do snd psy for e�hatever is ncre�sury t� pm��r��he v,�lnc��f�he ProQeny und Lender's�Rhts in the Prupeny.
<br /> •, ;��K�}�;..;�,� ;i�; I.ender�actions may include payin�any�ums scrured by a lien which hi►r prionty over this Security Instrument,appearing
<br /> �_ • in court,paying reawnublc attomcy,'fee+und entering on the Ptt�perty co muke repairs. AltbouFh Lender may takc action
<br /> ° '�' '�'� � !�'�' undor this paragr�ph 7,Lendcr das not have to do.o.
<br /> �i"°' '�''4a Any atnounts disbursed by Lendcr undrr thix purnFruph 7 �haN lkxome udditionul debt of Borrower secured by this
<br /> ti�'��'';;.. . .
<br /> 'A�: +�;:•'.:s�,�, ' Sccurity Instrument. Unlc:ti.Burrowrr and Lend�r��grer tu�nhcr�crnir uf piryment,ihe.e umountx shall beur interest from the
<br /> � 5�;;�,, . data of distwnement at the Notc r•rcr:tnd�hall fx:payablr,with inturext,upon notice fmm L.ende�to Borrower requesting
<br /> '.�:'.:�:: '' payment.
<br /> ' ��w,�,,T , 8, MortAage Insurance. If Lcnder reyuind mitttguge intutuncr u.a rondition of muking the loan secumd by this
<br /> �,�;;� Security Instrument, Borrower tihall pay thr prcmium�RyuiRd tu mnintuin thr mortgage insurance in effect. If, for any
<br /> '� �'=-';�k;, rcason, the mortguge insurancc mveragc rcyuitt:d by L�ndet lap�c� or ceau+ tu bc in et'fcct, Bornowrr shall pay the
<br /> "+;`�", premiums reyuired to obtain rovcragr .ub.t:,nti►�Ity ryui��,dent tu the murt�u}�r imurance pmviously in effect. •rt a cost
<br />- . • � substantiully equivulent to the cost to Burruw•cr uf�he mortguge imurunce pRVi�w,ly in effect,fram an nitemnte mortgnge
<br /> • `�• ' .:���''t�-• • inKUmr approved by Lendec If subrtanti:dly cyuivalcnt tni�rt�tuge in>urunre coverage i�not uvuiluble.Borrower shall pay to
<br /> Lender each month a sum equal to one-twelfth of�hc yr:irly muriuu�.t insurunrc premium being paid by Borrower whcn the
<br />__=:,•, �'� inaurance coverage li►psed or cru.ed to tk iu rtf�ct. Lenckr a•i11 r��cpt,use and rctain the�c payments a�a loss reserve in lieu
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<br /> :�t�.:;, r,�.�:: .� of mortguge insurance. Loss reservr payment. muy tto lunger tx•reyuin�d,ut th<<�ption of Lender, if mongage insur.u�ce
<br /> cavera�e(in thc umount and for the pencxl that L.ender iryuiros>providrd by an in.urcr:►pproved by Lcnder again Ixcnmes
<br /> "1i� � ' . availuble nnd is obtuincd.Borrower shall pay the prcmium�reNuircd tu maintain mortgage inwrnnce in et'fect,or tu provide a
<br /> loss reserve,until the rcquinment 1'or morigag�in�aruixr erxlc in uccordunrr with uny wriuen ugreemem between Borrower
<br /> �'I. � �"��• .�r and Lcndcr or upplicuble law.
<br /> -+=-� - ' 9. Inspection. Lender or it� agent may mul:c nrax�mablr rntriea upon and in.pertion,of the Pruperty. Lender shall
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<br /> • t3• • • ' ive Borrower noticc at the timr of or prior to an im�rtie+n.perif�•ing rration;ihlr rauu for the ins{x:rtion.
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