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<br /> _ _ , 91- lU8'r73
<br /> —__ periods�hat Lendrr rcyuircs. The insurance carrier ptavidinQ the insurancc shall be chosen by Borrower su6Ject tu l..cnderl�
<br /> , y9prov�l whkh�hpll nW be unreaxonpbly wilhheld. If Bomower foils to malotain coveeage desc�ibed abov�,l.ender nwy.at
<br /> I.ander's e�piion,obtaln caverage la protcct Lender r�righta in theproperty in uccordance with pamgmph 7.
<br /> �� All inaurance policies und renewals Khall be acceptable to Len�er wid shall include a stnndc�nd mangage clause. l.endcr
<br /> shall huve�right ta hold ihe palicics and rcnewAls. If Lcndcr rcyufrea,BaRawer ahall promptly givc to Lender all recelpta
<br /> "�� of pald prcmium�and r+encwal ndicc�. In�ho evem ot'loss.Borrower shell �ive prompt notke to the incuronco camer m�d
<br /> ,� Lender. l..cixler muy makc proaf of los.r if not mwde promptly by Bortower.
<br />:,`.'- --- �--- --- Unless Lendcr and Borrawer othenvisc Agrce in wri�ing,intumnce pmceeds shall bc applled to restoration or repnir uf
<br /> >,. the �ro�rty dameged, if Ihe res�aration or repair is ewnomically feasible nnd l.enders security ia nat lessened. If the r
<br /> �••-.»3 resloratiwi or oepuir is not economically feu.sible or Lender's secunty wuuld be Iessened, the insuronce proceeds shall 6e
<br /> _ _--�:.� applied to tAe sums secured by this Secu�ity InSUUment,whether or nW then due,wi�h uny excess puid to Barrower. If ---
<br /> Borrower abandons Ihe Propeny.or daes not answer within 30 days a natice frorn Lender thwt the lncurnnce carrler hes
<br /> — �-�-- oSered to settle a claim,then Lender may wlloct the insurance praceeds. L.ender may use �he praceeds�o repnir or rcstarc
<br /> --"-""_`V_�����': �he Property ar to pay sums securod by this Security Instrument.whether or not then due. 'The 30-doy periad wip begin when —
<br />..-�_,��_�.V,-y: tt�enoticeisgiven. _---
<br /> _�.�;_:, Unless Lender and Borrower otherwise ogree in writing. uny opplicutlon of praceeds to principal shall not ex[end or ---
<br /> _ _-__==-� postpone tlie due daa of the mo�thly payments referted ta in paragraphs I and 2 or chunge the amount of thc payments. If
<br />------- -_ -__� � under ptuugmpb 21 the Prapeny is a+cyui�d by Lender, Borrowec's right to any insurunce policics und proceeds resulting -__
<br /> ---'�n,�eu�»�ti� from damage to the Pmperty prior to the acquisition shall pass to Lender ta the exteM af lhe sums securcd by this Secudty
<br /> °'���'��°` Instrument immedia�ely prior ro the acquicition.
<br /> -- - .�.-.�„�,i,t�;;��f��;: ——
<br /> �;�;;,,,, 6. Occupa�cy� PreservWioa, MalntenAnce and Protection at the Property; Be�rower's I.oan AppltcAtlan:
<br /> .,:;��;f�,�;�r L.eA.seholds. Borrowcr shall occupy.establish.and use the RopeRy as eorrower�prinolpal zesidence within sixty days ufler
<br /> �� ���': the execution af this Secuiity Instrument and shall continue to accupy the Prope�tyr as 8orrower's principul residence for at ---
<br /> �-- 4�.� °
<br /> _� r: ,,, le.�st one year after the date af accupancy, unless Lender othervvise agrees in writing, which consent shull not be a
<br /> _ ��."�"";�; � unreusonably wfthheld,or unless extenuating circumstnnces exist which are 6eyond Borrower�contml. Bomnwer sholl not _._
<br /> �-�;.�.,�� destroy,dnmage or impair the Property,ullow the Propeny lo deteriorute,or commit waste on�he Propeny. Borrower shull �.?_�
<br /> "'�'7`' ,,,,;��,, , bc in default if any farfciture actian ar proceeding.whether civil ar criminal,is begun�hat in Lender�good faith judgment �"
<br /> ,�.s <r::���� could result in forfeiture of �he F'ropeny or o�herwise materiully impair the lien created by thia Secority Insuvment or �;
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<br /> ��+.• � Lender's sewrity interest. Bortower may cune such a defuult und reinstate,tu:provided in parAgruph IR,by cnusing the uction ___
<br /> `��' or proceeding to be dismissed w11h n naling thAt,in Lendcr'.s good Fuith determinatfon,precludes forfeiture of 1he Borrowerh =._
<br /> r q"�' i�terest in the Pro n or other materful im irment of the lien creuted b this Securit Inetrument or Lender§securi —�-
<br /> .�,,;:_`��r." P� Y pa Y Y �y'
<br /> s:��t.',. ..;.
<br /> <<�,',�, intertst. Bomower shall also be in default if Horrower, during �he loan ppplicntion pracess, guve materially false or ��
<br /> ��„zt�';•�A� �' inaccu►ate information or s�atements to Lender(or failed to provide I.ender with uny material informution)in cunnection with _
<br /> ���7����;}� the ioan evidenced by the Note, including, but not limited to, r+epresentutions concerning Borrower:� occups�ncy of the —
<br /> __ _ - -'��==�'���''; Propeny as o principal residence. If this Sewriry Insln�ment is on u lensehold,Burrower shall comply with all�he provisions
<br /> --� '`-��.`'�'" of the lease. If Borrower acquires fee tide to the Ptopedy,the leasehald und the fee title shAll not tnerge unless I.ender Agrees
<br /> ��:���`��yy'�'a.,�.,_",.'.` ..� to the merger in wrydng.
<br /> '""T^'' �t.t� r� ; � �>t.
<br />-a;;y��,,,�,,, � ,,, ,,�, . 7. Protectlon ot I.ender s Rights in the Propertv If Borrower fuils to perform the covenunts and �grecments
<br /> - ��_��;-�,���• �'r;�=:�'i��f contained in thia Secu�ity Instrument, or there is u legul proceedin� that muy sigmficantly uffect Lender's rights in the �:.
<br /> `��""''i�1�;E�'�+s°j Propeny(such as u proceeding in bankruptcy,probute,fo�condemnu�ion or forfeiture or to enforce luws or regulations),then
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<br /> 'i�� �-1�.;�;;�,�h�.�r ' . Ixnder mny do and pay for whatever is necexsury to protect the vulue of the Propeny and Lender's righ�s in the Propeey. —.�
<br />- ,�,• i�i+�, � ;�^�� Lender's actions muy include paying uny sums secured by a lien which has pdority over this Secu�ity Instrument,nppeuring
<br /> ��=� '%��ln �.�„��-' ` in court.paying reusonable attorneys'fees und enrerinF on the PmpeRy to make repairs. Allhough Lender moy toke action `=-
<br /> - Y.�� �A�i°.���'{�.H.•� u�uler this paragrnph 7,Lender does not huve to Jo so. �'
<br />�•�,i..�';�_� ,-. ,.,,ic:;;,1 . . . �.--
<br /> -_- �•t�*•�a�,;sw;u�• Any amounts disbur.�ed by Lender under this puragraph 7 ,hull becume additionul debt of Borrower secured by thix
<br />_ : �`� ht o-t.i:�,.. �-
<br /> ",�:�,ii.���� Securily Inslrument. Unlexs Borrower and l.ender ugree to othcr term�of payment,these umuunts shall bear interest fmm the
<br /> '�•+ +�-�.;,t�`sr dAte oi di�bursemcnt ut the Note rate ond shall i� p•ryuble,with interest,upon notice from Lendcr to Borrower reyuecting �-
<br /> ,.,.:s� � K• , payment.
<br /> _.= '„'.�,� , S. Mortp�age Insurance. If Lcnder requircd monguge inxumncc a+ u condition of mnking the loan secured by this �
<br />.�',4" ;�tr Securiry Inwrument.Bortower ahall pay thc premium+ reyuired to muinluin�he mortguge insurnnce in effect. If, for any ��
<br /> t�h4tz�'b Y. �`'
<br /> ��" �1.�,.�;:;�� ., reason, the mortgage insurance coveruge required by l.enJer lupsu� or crases to 6e in effect. Borrower shull pay the �:
<br />_����., ,�> �`n+�;i�'�' � premiums required to obtain caverage subxtantiully equivulent to the murtgoge insurunce prcviously in effect, ut a cost i,
<br /> ��..•� ' :;.,...
<br /> �,�jf � � _ aubstantially equivalent to the cost to Borrawer of the mortgugc insuranre previnusly in etfec�, from un altemute mortguge ��;
<br />- --�� ,�•� ' insurer upproved by Lender. If substantially cyuivalent mortgugr in+urvncr coveru�e ix ncx uvniluhle, Borcower shnll pny to
<br /> =s;.�� --
<br />- ,::�� , • , Lender euch manth u xum eyual to nne-twelf�h of�he ycurly mortgugr insurunce pr�mium being paid by Borrower when the �T
<br /> .�<<�'!� F�"�4°��' insur�utce caveroge lapsed or ceused to t►e in effect. Lender will ikrept,use und reiuin�hese paymcmx a,a lo�+rexerve in lieu �
<br /> `�'`��.'�'�'`�� ���� � of mort a e insurnnce. Luss reservc a ments mu no lon cr l+r rc uired, nt the o tion oi'Lcndcr, if mort .� e insurance —�
<br /> _'',,� . �,, ?. 8 � P Y Y 8 4 P 8'K
<br /> :n� -.� :,;i�Y?.'�'� �:-�.
<br />_.� .:M. ,,ts��.�,�•..,, covcrage(in the umount ond for�he period�hu�LcnJcr reyuire.►pmvided by un in�urer upprovrd by Lender again becomes
<br /> •=?Fy�, ,� .. •• uvailable und is obtained.Bortower xhall pay Ihe prcmiumti myuirrJ to maintuim m�rtgugr insurancc in effert.or ro provide a ••
<br /> '�'�`�;•;' loss nyerve,until Ihe requirement i'or mortgage imur.�nce e�xix in uccordunce wi�h vny wrinen ugreement between Bomnwer
<br /> • ;e�r,-
<br />::`'"'s`� `. .�`'�:' � w�d Lenderor applicable law.
<br /> '` '�' �:^:,, �" 9, Inspeclbn. Lendcr or itx ugent may makc na+onaMlr cmrir.u�xm anJ inspertionx af Ihc Property. Lender shall
<br /> - � ��.� � '`'"��"' ivc Borrowcr noticc at thc timc��f or rior to an in� rtiun. rif�in�rcatianuhlr rauu fur thc in, r�ion.
<br /> �;t;�;ti:;� 8 P !k ('� > 6 Fk
<br />, • , 10. CondemnaUon. The prMerJs uf un��uw:ud ur claim tiir Jantuge�.Jircct ur consequentiul,in r�►nnection wi�h uny �
<br /> - �-�';; Sin�kF�xnlly--FlmMeMae4?eAdkSlaclrVIF11R�11NtiTitI�MF:�'1'..I�niwrmt'm.num. 9�90 �puv�•?njn�ai�trs�
<br /> ;:;�, �„ �G�rat Id�ra IWaneas Furmr.Mc.■
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