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<br /> - � 93• �.00ss
<br /> periodY that l.�nder rcquire�. 71�e in:ur�nce cwricc providinQ tho insurw�ce thall be cha�en by Borrower eubJoct to L,endeti�
<br /> -_-- approva!whlch sht+ll not be unrraeonebly witbf�kl, If ii�xmwer failA to malntaln coverage described�bove.l,entler mty.at
<br /> Lsnderh option,obtaln covenge w potect Lender�dQht�in the Propeny in eccordAnce with panQraph 7.
<br /> All incur�nce poticfes and nnewals ahAll be�ccepwble to Lender and sh�ll include a�nd�cd matQ�e clause. Lender
<br /> �h�ll have the dght to hold the policies�nd rcnewals. Tf Lender rcquirct,Bomower sh�ll pcor.�ptly�ive to Lender�II crceipu
<br /> of prid prcmiums and renewal notices. in the event of loss.Borrower shall�Ive prampt notice to the inwcance curier and
<br /> L.endec. l,ender may malce proof of loss tf not m�de promptly by Bomuwer.
<br /> — Unless Lendcr and Barrower otherwise agrce in wrlt�ng,insurance pmcecds shall be Applied to restaation or rep�ir of
<br /> _--- the Yroperty demeged, if the nstoration or repsir is economicAlly feasible and i.ender's security is not lessenal. lf the
<br /> . rcstoration or rcpxir is not economic�lly feasible or Lender's securiry wcwld be lessened,the insurAnce proceeds stwll be
<br /> applied to the sums secured by this Securlry Insuument,wixther or not then due. wlth nny excess paid to BoROwer. If
<br /> • Borrower Abandons the Property,or does not ancwer within 30 days a notice from I.ender that the insurance cairier has
<br /> offercd to scttle a claim.then Lender may wllcet the insurance procxds. Lender may use the proceeds to apair or resto�e
<br />-- thc Property or to pay sums sccwed by this Security Instrument.whether or not then due. The 30-day period wiU begin when
<br /> -----� T� the notice Is given.
<br /> � Unless Lender and Borrower othcrwisc agrcc in writing.any application of proceeds to principat shail not�xtend or
<br /> postpone the due dato of the monthly payments referted to in paragraphs 1 and 2 or change the amount of che paymenta. If
<br /> under paragraph 2t thc Property is acquitr,d by Lendcr,Bomower's right to any insurancc policies and proceeds resulting
<br /> � from daimage to the Property prior to the acquisition shali pass to Lcnder to the extcnt of the swns securai by this Securiry
<br /> inswment immediatcly prior to the acquisition.
<br /> �� o. Occup�ac� wreservadon� IWAinten�nce And Protection of the Property; Burruwrr a L�wa AppiiwUua;
<br />_;� I.esseholds. Borrower shall occupy.establish.and use the Propecty as Borrower�s principal residence withln sixty days after
<br /> - the execudon of thts Sccurity Instniment and shall continue to occupy the Propehy as Borrawer!s principat residence for at
<br />_ least one year after the date of occupancy, unless Lender othenvise agrees in writing. which consent shalt not be
<br /> unrcasonably withheld,or unless extenuating circumstances exist which are beyond 8orrower�s control. Borrower shall not
<br /> destroy,damage or impair the Property.allow the PropeKy to detcriorate,or commit wa.ste on the Property. Borrower shall
<br /> be in default if any forFeitute uction or praceeding.whether civil or criminal,is begun that in Lender's good faith judgment
<br />�. d b this Securit Inswment or
<br /> 0 o e ise materiall im air the lien create
<br /> , could result in forfeuure of the Property r th rw y p y y
<br /> ."� Lender's security interest. Borrower may cure such a default and reinstate,as provided in parngraph 18,by causing the action
<br /> or proc�eding to be dismisseci with a ruling that,in[.ender's good faith detertnination,preeludes forfeiture of ihe Borrowerk
<br /> interest in the Propecty or other material impairment of the tien creaud by this Security instrument or i.ender�s security
<br /> '� interest. Borrower shall also be in default if Borrowcr, during the loan application process, gave materially false ar
<br /> J'• inaccurate information or statements to Lender(or failed to provick Lender with any mnterial infocmation)in connection with
<br /> the loan evidenced by the Note, including, but noc limited to, representadons conceming 8orrower's qccupancy of the
<br /> Property as a principal residrnce. If this Security Instrument is on a teasehold,Borrower shall comply with all the provisions
<br />- - — uf ihr iea�e. lf Burrower acyuircs frC tiitc iu il�r Fcvpc�ty,�1�c Icaaeiwis mid tha f�titie ihafl not merge untess Lesdar agr�s •
<br /> ta the merger in writing.
<br /> , 7. Protection qt Lender's Rights in the Property. If Borrower fails to perform the covensinu and agreements
<br /> � t� .y,._ contairr_d in this Security InsUument, or there is a legal proceeding that may xignificantly affect Lender's rights in the
<br /> `'"' PropeRy(such as a proceeding in bankruptcy,probate,for condemnation or forfeiturc or to enforce la�vs or regulations),then
<br />. �� Lender may do and pay for whatever is necessary to protcct the valuc of the Propeny and I..ender's rights in the Property.
<br /> '" ��,,.� ' ';� Lender's actions may include paying any sums securcd by a lien which has priority over this Security Instrurnent,appearing
<br /> � �"''��`�'� ,'�'�'° in court. a in reusonable attomP h fees and enterin an the Pro n to make re airs. Althou h Lender ma ta{ce action
<br />: •:«::�t�r�.::":�,};�.`;�; P Y S Y'� S Pe Y P E Y
<br /> � �_y,�,.�1,;. under this parugraph 7,Lendcr daes not hnve to do so.
<br /> '�''"`��''��� Any umounts disbuned by Lender under this paragraph 7 shail become additional debt of Borruwer secured by this
<br />.:_.� ;.:,:,..,.:,;._ ,,y„, Security Inswment. Unless Burrower:md Lender agree to other term�of payment,the�e umounts shall bear interest from the
<br />�°�-� x� r .�i .'�•:�.�, date of disbucsement at the Note rate and shall be payable, with interest,upon notice from Lender to Bomower rcquesting
<br /> �•, puyment.
<br /> .y�«V;::�� 8. Mortgage lnsurance. If Lender required mortgage insur:►nce us a condition of muking the loar► secured by this
<br /> .w .,.:-._.... Security Instrument, Borrower shall pay the premiumy reyuired to maintain the mortgage insutance i�effect. If, for any
<br /> t�,�;��.; �,. reason, the mortgage insur.u�ce covernge reyuired by Lender lapxes or ceases to be �n effect, Borrower shall pay the
<br /> - ',���J�'.:... ._ ..��._o., prcmiums reyuircd to obtain coverage substanti•rlly equivalent to the monguge insur.�ncc previously in effect, at a cost -
<br /> :�:•, �r,:. ��• • sulntuntially equivalent to the wst to Borrowcr of the mortgage insurance prcviously in effect,from an altemate mortgage
<br /> .�+ " '3,;.:;,,� invurer approved by Lender. If�ubsts►ntially eyuivalent mortgagc insur.u�ce cove�agc is not available,Borrowcr shap pay to
<br /> ':;�.�._-,:°..:,...;
<br /> .�,.,,,;1�: :• Lender euch month a sum eyual to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the
<br /> �' � '' insurance coverage lapsed or ceased to}k in effect. Lender will accept,u,e and retain these paymentti as u loss reserve in lieu
<br /> - �"' ' of mort a e insurance. Loss �escrve a ment�ma no lon�er be rc uircd,at the o tion of Lender,if mort a e insurance
<br /> R'S PY Y b 4 P 6s
<br /> rnverage(in the amount and for the period that Lrnder requires)provided by an insurer approvrd by Lender ugain becomes
<br /> 4 ' �q•' uvuilable nnd is obtuined.Borcower shall pay the premiums required to maintoin mortgagc in+urance in effert,or to provide a
<br /> `�;�s:.�i�'�?:,_ loss reserve,until the requimment for monguge imuronce ends in accordance with any written�greement between Borrowe�
<br /> -=� $�s`;{� and Lender or applicable Inw.
<br /> ..�?u�' 9. Inspection. Lender ar its agcnt may makc rr:►sonable entries u�n and inspections of the Propeny. Lender shall -
<br /> .y��:�.,� give Borrower notice at the timr of or prior to an inspeclion specifying reasonable cau,c for thr impection.
<br /> � 10. Condemnation. The proceeds of any award or claim for d•rmages,d�rect or conseyuenti�l,m connect►an w�th any
<br /> �.�� Sinple Family•-Fanak M�dFlrcddk Mac UNIFURM!NS"fRUMEN'C••Untfortn Corenan�� 9l9� t pr.¢e,i nf e paga.r�
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