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<br /> pedodc thAt Lender roquirea. The insurmce cnrrfer providinQ the in�urance ih�ll be chaen by Aormwer�ubject to Lornierti
<br /> --- -- -- — appmvAl whuh shalt na be unneaconabiy withEuid. If Barower f�il�to rrwincain cuver+��c Jcµ:�iGcd�bavc,Lc�.-r r�wy.�t
<br /> L.ender�option.obt�in caver��e to protxt Lender'�riQhts 1n the Ptr>peRy in�ccard�nce wlth peraQnph 7.
<br /> All in+sur�nce policies end renewala rh�ll be accept�ble to Lender w�d sh�tll incfude+t Kuutdud mat�aye cl;uce. l.ender
<br /> rhall have the dght to hold the poflciee md rcnewals. If I.ender roquins,Borrower shall promptly Qive to Lender atl receipt+i
<br /> of puid poemlums ond renewal naices. In thc cvent af loss,Bormwer sh�ll Qive pmmp►notice to the incurancc cwtlet w�d
<br /> Lender. Lender may make proof of loes if not m�de promptiy by Borrower.
<br /> �����==� Unlesi Letxkr and Bartuwer othenvise ARroe in writing,insurance prar.ceds shall be applied to restorution or r+eptir of
<br /> -_ -- the Prop¢ny damaged, if thc restoration or repair ia economically feasiblc and LendcrTS cecur�ty is not lesscned. If thc
<br /> ,-- rcxtoratian or rcpair is nat economicully fe�aible or Lender�security would be le�ssenod,the insurance procecds shAll be
<br />- applied ta t1n sums secured by this Security Instrumeat, whether or not then du�,with any excess patd to Bormwer. If
<br />- Baaower abandons the Property,or das not unswer within 30 days a notice from I.ender thut the incurance cerrfer has
<br /> — offered to settle a claim,then Lender may wllect the incurance proceedc. Lender m�y use the pcoceeds to rcp•rir or restoce
<br /> the Praperry oc to pay sums secured by this Security Instrumen�whether or not ehen due. The 30�dAy period wjU begin when
<br /> ___ _ __ __ the natice is given.
<br /> Unless Lender and Borrower othenvise agree in writing,any application of praceeds to principal shall not extend or
<br />� po�tpone the due dau of the monthly payments referned to in paragraphs 1 and 2 ur change the amaunt of ttx puymonts. If
<br /> under paragraph 21 the Property is arqulred by Lender,Borrowerk rlght to any insurance policies and praceeds resulting
<br /> -==='��!N�°�'�; from dnmuge to the Piroperty priar ta the acquisition sh�ll pass to Lender to the eztent of ihe sums secured by this Security
<br /> — _ --- - ° Instrument immediately prio�ro theacquisitian. _..
<br /> � T - _
<br /> a:i' i 6. Occups�ncy� Preservwtioa, Ms►intenAna And Protectbn ot the Property: Borrowcr's Loan Applicationi
<br /> ;;_' I.ea.seholds. Barrower shaq occupy,establish.and use the Property as Borrower's pdnclpal residence within slxty days after
<br /> , the execution of this Security Instrument and shall continue to occupy the Property as Batrowerk principal residcncc for at _
<br /> least o�e year ufter the date of occupancy, unless Lender otherwise ugrees in writing, which consent shall not be
<br /> '�,�;. i•�;�;:.
<br />.�,:, I unreasanubly wiit�held,or unless extenuating circumstnnces exist which are beyond Borrower�s contral. Borrower shaU not
<br /> ` ` •n�"'Y� �,� destroy,dnmage or impair the Property,�►llow the Property to deteriorate,or commit waste on the Property. Borrowcr shall
<br /> be in defuult if any forfeiture action ar p�oceeding.whether civil or criminal,is Ixgun that in I.ender�good faith judgment
<br /> could result in forfciture of the Aroperty or otherwise materiully impair thc lien created by this Security Instrument ar
<br /> ' ��r�:''�` �"'�`�7 I.ender's securit interest. Bonower ma cure such a default and reinstute,as rovided in ru h 18,b causin the action -
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<br /> � or proceeding to be dismissed with a ruling that,in Lender:s good faith determination.precludes fort'eiture of the Borrower�
<br /> interest in the Propeny or other material impainnent of the lien created by this Security Insttument or Lender's security
<br /> � ;• •:�� �, , interest. Borrower shaU also be in default if Borrower. during the loan application process, gave materially false or
<br />_ 't• • � � � inuccurate lnfannation or statements to Lender(or failed to provtde Lender with any materiul infarmation)in connection with
<br /> � �•�:�'.x;�, ;,` the loan evjdenced by the Note,including, but not limited to. representations conceming Botrower's occupancy of the
<br /> Properry a.s a pdncipal residence. If this Securiry Instrument is on a leasehold,Borrower shall comply wlth all tfie provisioas -
<br /> ��4���s + •'*�re of the lcase, lt Horrower acqwres fee hUe to the F'roperty,the Ieasehold and the tee tute shatt not merge unless Lender agrees _..
<br /> �, to the merger in wrlting. =
<br /> � `'��'l;;""`."� `�v�'. 7. Pratection of I.ender's Rights in the PropeMy. If Bnrrower fails to perform the covenants and agreements 6
<br /> "`��'`�`'"'����';�"� contained in this Securlt Instrument, or there is a le al roceedin that ma si ni�cand affect Lender's ri hts in the
<br /> ^''�"�•=��'�=�" Y� Property(such as a praceeding in bar►kruptcy,probate,for condemnahon or forfeiture or to enf rce laws or regulasons),then -
<br /> ��`'�`y"`• Lender ma do and a far whutcver is necessa to rotect thc value of the Pra rt and Lender's ri hts in thc Pro rt
<br /> ���,;� ��•� ��� Lender+uctions ma Pinclude m .u� sums secured b a lien which has riorit ovcr this Securit Imtrument,a �ann
<br /> Y pay� S' Y• Y' P 9 Y PPe B
<br />_ �:;,;�; _•,, ..�„: in court,paying rcasonable attorneys'fees and entering on the Property to mulce repairs. Although Lender may toke uction
<br />. ,..�,.:.� ... undcr this purug�uph 7.Lendcr docs not huvc ro do so.
<br /> •_ �L,�,,;.,� Any arnounts disbursed by Lender under this par•rgraph 7 shall bccome additional debt of Borrower securcd by this
<br /> ,� • '�""` Security Instrument. Unless Borrower and Lender agree to other tertns of puyment,these umounts shall bear interest from the _
<br /> -- ' � '��� dute of dixbursemcnt at the Note rute and shnll be payable. with intercst,upon noticc from Lender to Borrower mquesting
<br /> ';i;i�''tr� � payment.
<br /> .%�:,,,,�:•+�... S. Mortgage Insurance. If Lender required mortgage insurunce as a condition af making the loan secured by this =
<br /> .;;��-�. Security Instrument, Bonower shall pay the premiumti required to maintain th� mortgage insurance in effect. If, for any
<br /> ` u��,.� �.�.:;p�.-. rcason, the mongage insurance coverage reyuired by I.ender lapses or ceases to be in effect, Borrower shall pAy the -
<br /> � �� �qM..,i�,;:,�,,;,,;, prcmiwua �Cyui�cJ tu ubiaiu c:,yt�a�e ,ub.iwttiuliy ryuivalem to Q�r murtgage in+urance previous}y in effect, at a casi =
<br /> x. �'..:. substantially eyuiv;�lent to the cost ta Borrower of thr mortgage insurance previously in effect,from :ui altemate mortgage �
<br /> �?":�d�;��"^'' . ' insurer�pproved by Lender. If xubstantially eyuivrient mortgage insurance coveruge is not available. Borrower shall pay to °
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<br /> , .+. �.���.....=-- Lender cach month a sum eyual to one-twclfth of thc yearly mortgage insurance premium Ixing paid by Borrower when the _.
<br /> insurance caverage lupsed or ceased ta be in effect. Lender will accept,u�e nnd retain thetie puyments as a loss reserve in lieu
<br /> ��,,; .�;,�;• ;;•, ' of mortguge insurance. Loss reserve paymentx may no longer be required,at the option of Lender, if mortgAge insurance
<br /> y ���n..,;,�;:;; ' coverage(in the amount and for the period that Lender requires)provided by an insurer approved by Lender again becomes -
<br /> � �:_�.�_ Available�►nd is obtained.Borrower shall p:�y the premium,reyuired to maintain mortgagr inxurance in effect,or to provide a
<br /> _-�� , ,:� loss reserve,until the r+eyuirement for mortguge insurance ends in accordance with any writte�agrcement between Borrower =
<br /> � ` and Lcnder o�upplicable tuw.
<br /> ��,`�`"°� .'� 9. [nspection. Lender or its�gent may makc re•rsonable entries upon•rnd in+pcctiom of thc Property. Lender shall
<br /> �4,��� ' give Borrower notice at the time of or prior to an inspection speeifyi�g rrusonable cause for the inspectiun.
<br /> _ - 10. Condemnatioa. The proceeds of any award or claim for datn•rgrx,di►ect or conseyuential,in connection with any �
<br />- ' Singk Family--Finak M�tlF1'eddie 11irc UM1IFORN I�STRUMENT••Unifomi Covctwnh 919p �p,r.qe i.�'n/wxe.�i
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