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<br /> • ,period�IYR Xeader ieqQias.:'tbe awnooe e�a�a povi�die ien�wece sh�11 b�c�p�eA bi'Hot�v�a wb1�q Lendet3 , <
<br /> ' appeov�l�s�(1�ot be'u�ea�co�6iY wi�dd.,If Banoret fa'i�to�r�ianin�oru+�a dacriQed above,�.ader mry�.ac '
<br /> . ' Leaiet?�optiao.obtai��ovet�w polect Leederl�ri�s m�e Ptope�tY in aouo�d�noa�ish��Z -
<br /> � AU�aaoce policies aed��is�If be aooep�bie to l�eoder�ad shdl include s ad�d n�at8a8e clame. Leader
<br /> . sb�U bive d�e ri�C to 6oW the policies and eajewals. lf l�ender Kquir�.Boaaarcr sh�if�piomptly 6ive to i.ender aU taxiprs
<br /> of p�id pr�i�s�nd�rai e�s. In drc event af losc.Bo�ravrer sh�li gtva p�vmpt;n�iee�a d►e inwance carties aid ;
<br /> I�mder:i.euder mq maYe p+caf of bss if not mde promptiY bY Barower. . ` ,
<br /> � � iJdes3 Lcnder wd 8aemwer ot�wise�g�x in writing.in�napce P�'uceeds sb�U;tfe.�pptiod to ttster+Niat ar iepair of
<br /> � tb��Ptopasg dxna�ed.if tbe�a or�epiir is eoonomicaUg fe�'hlc aod.Le�cf�:`s:sacttniqt_is eot ksses�ed, If tbe . �
<br /> . • � � �ontion ar iep�ir is aot eoonomialiy fe�'bk.a 1.cMer'�soc�ity,wouW,6e iesse�iad�,the ut�raoce prooeed�s�haD.be
<br /> • applied m the sums seaured hy this Ses�nity Im�whether os,nvt:dx��dpa.:wilh;any.encess.p�d to Bamwer. IP
<br /> � , Batower al�odons die'Ekopetcy.or does na aoswer witLin 30 days a notiae ffnm�Le�der d�at d�e mw�ec�c carteer'1�
<br /> � offe�+ed to seuie'a cl�im.thm I.eoder may cdkct tDe iawiaoce ptoceeds- Londt�s m�}!,nsa.thC pmcetds to�ep�i�a tes�e .
<br /> • ax rto�eny a io p.y s�u,�s secmai tqr dns se�u;tlr raanmeix,whedxs ar not�q aaa.�'I1�a 30-aay pe�ioa wut 6eegin.vhen
<br /> • tbe aaac�e�s grven. '
<br /> � Uniess Larder aod Barower aWeiwise sgiee iq wcitin�anY appdiC�att.of:pmcx�4dr..to principsl sdall rioe exxod ar
<br /> pastp�ooe tbe due dale of d�monthty psymwts refert+ed to in p�ragtapl�s l;and•2 os,d+imget ihe atrw�t of t6e p��: If
<br /> �aer puagrapn Zl a�e Peope�cy is eaquitM 6y�nder.Eamoa►er�right�ea,any;�a:polie�es�nd procoeds i�.wltins
<br /> frqp�iQli$C(p I�IC�Cp�G[(ji�Q[W 1�1C i��S�1i�1�ESS t0 T.qI�S,t0 fE1R C7[�Cq�1�i1�'S�IfI14 S��I 11115$�1� -
<br /> ` ' insuwneat imaaodiately prior w the a�:::;',". � " ' .
<br /> � �, �P�A P��aal�� d,#1� • B+�rr�ower'�r=1.o�s Appliatiolrs
<br /> L�e�oi�. So�rna�shsll'aewg�,:.�.�t��se die Av�tg•asBosmviner���pxl�sideuce withia sixty daYs�er` - ..
<br /> Q Fi
<br /> . ' tbe e�of tUis Suurity lasonu�at.a�id��ue to uoaipy t�Fra�rEY.'as$atoweF's priacipal�denx fot at.
<br /> teast oae yeu �fttr th� date of oxupuKy; :tiatess Lender od�twi�C�•.Rg.n?es•ut�wriqng. which caaseat shall not ba _
<br /> . �' tuueasunabiy wiWidd.or unless e�mS cac�anoes exist whiclt ai+�'6eyand•Bomower's contQOL �Sar�uwu sh�U Aot
<br /> � destroy,d�or imp�'v d�e Ytoperc�,allaw the Propeny w deueiiaata.+x ca�mit:�iiagc�rt tix�Propetty. Batower sbaII
<br /> ' be ia�defauIt if aay farfeinue�ctiarR arp�oveodiaS,wTiett�ec civ�os crimiml►is begun�tha'c i�t.�,endet's good faidi.1�8�.
<br /> cuuld nsult in forfemae of d�Avpecty or athawise maoaiaDy impair.We lien�cnated�6y this Seronty,Iasavment a
<br /> ' •;;''� l.eoder�s security inte�est. Bonower t�p ca;e�mdi:a defaulcead teiastata,}s ptavided in paragraph IS,bY causiag the acdon
<br /> , .,;:�,
<br /> �P�S to be dismissed with a zulitig fic�,ai•Lemler�s.�.00d faith delcm►inatian:P,tecludes fafeinue of the Boaower?s
<br /> inucest in tl�e Pkoperty or other sn�tecial im�p�aii�tent of tt��i�cn c�ed by:this Secptity�Instrnaent or�.ender�s seeuriry
<br /> interest Borrower shall aiso 6e in default if 8omowet;`:df�ag the Imn•applic�tian�procesx. gave materiaity faL�+e or
<br /> inaccnrate information or statamnts to Leader(or fa�ed to gitsv"sde Lendes with aay.mat�al.infv�mation)ia connectioiianth
<br /> the toan evidencod 6y the Nota. jnciuding,but aM limite�•.t'o.iepresentations c�o�ning BQrmwer'�occupancy.o£:tire�- •
<br /> � piopetty as a principal tesidenc� ff this Securit�T�strameni is on a leaselwl, Batr�naran shaU comply with aU the pro-r�sw�ss: :�.. .
<br /> of the lease. If Bor�ower acqaues foc title co the groperty.ttic:Ge�sehokl an3'�fee qda sbalt not merge unless Lenckr agtCes
<br /> to We mergerin writing. . :�•' �' , � ,_
<br /> 7. Protectao of Leadee'�s R�ts in W� PruperlR�.Lf$o�vrer fails ta perfQitn tfie covrnants aad agroem�nts -
<br /> contained in this Securiry Ins�;ar there is a.legal p�ing thait�m�y.si�ri6raaiQ•affect Lender�s rights�ihe
<br /> ProPeriy(sueh as a P���g��'�Pt�Y:�2rate.for co�i�.�on oi,fosftsitumur.cire�f'acze laws or negnlations),dxn =
<br /> ;:..:;`i' Lendet maY do and pay for whatever is nec�-"�«�-pmtect�e valuc o��tlra Propatp and LPttderk-ri�tts in the Propecty.
<br /> ,..,:;`- L.endex�s actions ma�y inciude paying any s�s,s�a:�:d by a[ir.�ahicb h�.S Pn�tY rner this S�Insuumcnti appeanng � -
<br /> in copt���aying reasonable attorteeys'fees and enteriag o:t:t�re�i�erty to in�1c�repaits.AFthaugh Lea�fes may tabe.acxiop =
<br /> under�;�ata,graph 7.Lender do�s not have to do so. ' • � _
<br /> �Afsy�a�-nor�tJs disbutsed by i.ender under this paragap6 7�Fi,l1 b�came additianat�d�t of Bomower secuied hc�ti�s =
<br /> Security Irlstivmezs�.L�ess Borrower and Lender agree to ot�ec cecros of°pa?t7u�;s,th�sa smoants shalt 6�s imerest fra��ie. -
<br /> date of disbu�sem��s.0 i�Note rate and shall be payabte,with interesi;,�x.g�a�from Lender to&ierower requesang =
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<br /> Mortg�e Insurs�aoc. Ffl.ender required mortgage ensurance as a conditian.of,making the loan secured.by,this � =
<br /> See�ui[y Insmimen�Borrower sfra�t pay the premiums reQuice�to maIntain tl»martga,ge insurance in effect. If.foF zny s
<br /> reasan;the mortgage insurance c,o��erage reqnired by Len�er,fapses or.ceases ta�he in�effecK. Bor�nwes shalf p�d� r�e =
<br /> prcmiums required ro obtain coverage subst��tially equivale�t to the mort�aga insurance previously in effect. at�cust "
<br /> suDstantially equivatent to the cost to Borrocrer uf the mortgage insurance previausl)�•in effect.From an altemate m�ryage �-
<br /> insur�er approved by Lender. If substantially equivalent mortgage insurance covemgv is not availa6le.Boirower shall pay�to
<br /> Lender each month a sum equal to ane twelfth of the yeatly mrctgage insurance pzemium being paid by Borrower wfren the ' -
<br /> insurance coverage lapsed or ceased to be in effect. Lender w��ccept,use and ntain ths.c�payments as a loss rese�vr�s Gw =
<br /> of mortgage insurance. Loss reserve paymenu may no longee Fie requued,at th.optian of Lender.if mortgage i�u�nce -
<br /> coverage(in the amount and far the period that Lender requiies)provided by an insurer•approved by Lender again tiecomes =
<br /> available and is obtained.B�mower shall pay the premiums requued to maint3i,a nwat�age inswance in effect.or to prwide a ,
<br /> . loss reserve,unti{tl�e requinment for mortgage insnrs�nce ends in accordance with an��.written agc�rt between Borrower -
<br /> and Lender or applicable law. , _
<br /> , 9s, Inspectioo. Lender or its agent may make reason�te enuies upon and inspections of the Pfroperty. l.ender shall -
<br /> giv�'l��rower notice at the time of or prior to an inspectioh specifying reasonabl�cause for the inspection. y
<br /> ;� ' Id. Coademmtbn. The proceeds of any award or claim for damages,direct or cangequendal,in connection with any �
<br /> Singk Family»Fank MadiY+ed�ie Mae UNIiOR:N 11kSTRUM�V7��Unifum Cove�unev �!i Ipage 3 of b pqRal ' '
<br /> tl�at ira wrn.ra�r,l�■ E`
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