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<br /> • rerio�ant I�ender eequ6a. T6e ia�uiooe r�iec pari�m��6e i�ace��11 Ee d�-QY-Boero�r+er,ubJecuniie.ierlc._,.;-_,
<br /> ippt�oval whicl�slull aoE be wra4oaably witN�eW.�U Hamw�er t�h b a�co�er+�deice'6ed�bu�i�e►L'�der iNr1r.at, <
<br /> � ' t.eadet�s aptiun.obpri��ccver��to pcnrca Leadat�tis6ts io d�e Pt�opeiry ia aoc�ntiil��r»h pra�[r�pi►7: �.. � . . _ .
<br /> shall Uave�to�lwld��e�vals aull be�ooeptabie to I.ender and�hi!ioclude a a�d a�at jrte cW� Le�die�r ,
<br /> . of P�id prcmiums aad t�eaewat n�'ares. In t6e eveni af lo�t.Ho��etr�di ' �P�pP�y i�+'t b Lender ag te0eiplt ...._
<br /> - - -= = Leader.'�.endern�synWaepcoof�tosriftart��[olnpttybS►Sa�m�res--���twtFoeludie�ae�artie��rd .. _
<br /> _ �Untess Le�Wer aad Borso+�r ath�+viae ap�e ln wntioa,im�r�oee elall be�pplitd!o�oot�tios or xpit aE,, .`
<br /> � - —!�'�'�Y-�a."e�.-i€-��� . � � -c�=�c-�¢�tYs�.=3i�t-�r- = --- -_ - _
<br /> - - - - - - - �-
<br /> ' nstoratioa or npir is not 000nomicaffy fe�'bk ar l.eoder�s aavrity w�wld 6e lesse+bd,d�e i�au'�oa pmoeeds i�ll 60` • ,'
<br /> . �pptiod m tlie w�as aeca�ed by t�is Seanity 1u�rw�aent.whet�er a not thn due.�rim�ery r�ccd�pdd a Ba�o�re�.I�`. ---� -
<br /> . • BaRUwet ab�trdot►s the A�opMy,a doea not answa�rg�30 diys a aodoe f�om L�eaBer dut'.die n�we�npe eaaiec 1MS' ' � .
<br /> oQeied w seaie s claia►.t6eo Lsnder may cdbct d�e.i�uaonc pcoc�eed�: 7�enda a�ay u�e d�e pn�oeeds to�or�es�a�e . .
<br /> � ��Y a�P�►Y��bY��Y�•�d�er ar not Wen dae. 'I]rs 34,day period+n�t bejis w�iea
<br /> - ' the natice is given. _ . . .
<br /> � _ iTnkss Lende�and Barower otl�awise�gCOe ia aritin8.aoY applicaSon oF pcoxods ta pnhjcip�l s1W1 tiot,exl�d a
<br /> - postpone the due d�te af rhe moothty pa�meats ie[ared to in piu�g�apin i aad Z a ci�q�ti�arnouqt of dre p�npeua. 1f _ ° .
<br /> -- � under pa�ag'raph 21 tbe PtnQerty is acquired.by I�ender,Boavw�ar�s rigbt to my ins�aace polici�s and p�oeeeds�
<br /> fmm duttage w tba Ptope�ty pnor w tl�acaquisytion ahalt pau w Lender w tbe ex6eat of the swms secwed by dris Saa�rnj► ;`:
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<br /> -- . Instrun4ent imtnodiately prior to tbe scquisition. . : • �,:,;.;,�;
<br /> -- f� Oocnpucy, Pna�vatjay ll�fai�te�oe ad P�sfe�io� a� t4e.Yropat�i Boe�ro�rer',s I.o� A�Mc�fiMs' .. '' "�
<br /> - , LeaseAoWs. Bormwer shail axapy.establish.aad use the Pkopeity u Borrowar'�princip�l reaidence�vit6in suqr 3i��ier � �.
<br /> the execution of this Security Ns�w�t and shall cqntmoe to oxupy the.Ptopeity as Bumnwidr'�prmcip�t�side�e�at � � .
<br /> _ kast a,e yrar aRer the aau of occup.ni.y, wiless Lender ahetw;se s�eei in writi,ig, whic2�'aoofa�c siaaot�oi ee ,
<br /> _ .. . anr�asonably with6�k1.or uutess e�aeawling�e�si whith ue beyoad Ba[towa�s caett�o�`Ba�fowet sWll aot ' .
<br /> -__ destroy,dama8e or impair the Praperty,aliow the Ptaperty to deteriorate.or commit waste oa.tbe pmpeatr. BaQn+�er ab�l '
<br /> . be.in defaWt if any forfeitune acqiioa or pmceeding,whether civH a criminal.is bcgiui that in Lendec�a gnod fart�t,gdict�neat �
<br />-- could result It�frnfeimre of tbe.Propaty br athrawise maurislly impair the liea cn.�md by Wis Sacaaity I�t or . ,
<br /> Lender's security intemst Borrowermay cure sach a default and.ninstate,as pcovidod in pata�rapb!8,bY causmg the�eaan
<br />= or proceeding to be dismissed with a ruliag th�t,in Leader s good faitb detennmadon.piecWdes forfeitu�of the BormwerSs
<br /> : inwest�in tlree Property or other material impairment of tl�e lien cnated by this Securiry Ir�onpneat or I�eader's saauity . '
<br /> iatenest. Bormwer shall also be in defanit if Borrower,during the loaeu�pplication process, 8ave materialiy fafse or
<br /> � inacenrate information or statemea�ts to Lender(or failed to pmvide Lendes w�.6 aay m,aterial infom�ation)in conncc6an with '
<br /> _ the loan evidenced by the No�;�ctuding. but not limited to tepiesentaiioas"c�ung Barower's occupani.��a£1he.
<br /> ' Pcoperty as a prinetpal residecroe. Cf this Securiry Instrument es on a leas�liold,Bortuvrec s5a11 canply with ail the provi�ions
<br /> of the lease. If Bomower acqaars fee title to the Propeity.the leasehold and the fee title si�all not merge unless Lender agoes
<br /> to the merger in waating . . -
<br />_- ,si,,� ,�-,�, � 7. Protectioai ot Leada�'s Rtghts ia the Property. If Borrower,fails to pedorm the covenants and agroements
<br />-.- � �`�ty�'`:1,t;..,- confained 'm this Security Instr�scnn�or thene is a lega��►ro�teod'mg that may sigmficamty affect Lender�s rishts in the
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<br /> ° ��'' Property(such as a proceeding in 6ankcuptcy,probate,for o�demnation or forfeiture or to enforce iaws or regulations),then
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<br />_ , ,.r•.: ..,:, Lender may do and pay for whatever is necessary to protecr 3he value of the Property and Lender's rights in the property.
<br />; :�:�r;�:�� , '., Lender's actions may include paying any sums securcd b}r a lien which has priority over this Security Inspum�nt�appearing ' _
<br /> ' • in coun,paying reasonable attomeys'fees and entering on the Pmperty to make repairs.Although Lender may take action "`
<br /> �:' s..,; � under this paragraph 7,Lender does not have to do so. ��'-°'--
<br /> . . �.;-_.:�:. .
<br /> ``�� M amounts disbu�ed b Lender under this ara h 7 shall become additional debt of Bortower secute�b this ��`-��_
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<br /> • ��;��;,;;�;- . • Security Insuument. Untess Borrower and Lender agree to c�"�,.�c terms of paymen�these amounts shall bear inter�st from the : �._�_:_
<br /> <�.�:r..;:;�r�'c'':•..- date of disbursement at the Naerate and shall be payab:e.a:wh interest,upon notice from l.ender to Bonower requesting • '_:�'�;_.
<br />, .. � � • . payment. :.:� �
<br /> `'�` � S. Mortgage IImsaraa�ce. If Lender required mortQa�e insurance as a condition of makin th�:�W*�sec�red b this ;.`. � : ;---__
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<br /> - -�� Security lnstrument, Bqrrower s3�a11 pay the premiums ras�a�ed to maintain the mortgage insurance'rt,effec� i�€�any `
<br /> :.....:.. :.::1'� m.a.wn, the mortgage insurar�ce zoverage reqnired by Lert�er lapses or ceases ta be in effect, Borrower shaFR �y the ,� '
<br /> • �. .,�?;;..!.}'' �;.'� premiums required to obtaice cavarage substantially equi�alent to the mortgage insurance previousfy in effect; �:a cost �
<br /> ' • • '';�:";'�.. . s,sbstansially equivalent to the cost to Borrouer of the mortgage insurance previously in effcct,from an altemate mortgage , • � �
<br /> - , =;;;� � � •:':-:.. . in«arcv approved by Lender. If su9stantialty eyuivatent mortgage insurance coverage is not availabl�.Bo�rower shall pay ro - .. .'
<br /> _,.. . � , Lender each moritls'a sum equal to one-tweJf�of the yeazly mortgage insurance premium being paid�: �orrower when the ,
<br /> : �,.; .,� �``: ''r'�'` �� �;- insurance coverage�apsed or ceased to be in��'er�t. Lertder will accept,u�e and retain these payments as,a Ioss reserve in lieu " •
<br /> ..�+:.,;:;�s: ' .
<br /> � .,, ,,.r:;,:;;g, of mortgage i�tsuran:.e. Loss reserve payments may no�u^.;er be requircd,at the option of Lender.if mottgage imarance •�
<br /> •;�T,r�,�tx;,''. coverage(in the a•naunt and for the periad that Lxnde�ree:.:��s)provided by an insurc�approved by Lender again F�omes '
<br /> ^-_ • _ _ available and is o�:aened.Bonower shall pay the premiumti required to maintain mortgage insurance in effect.or to�::-.ide a
<br /> � '. - . loss reserve.unti[a'�a requirement for mort�age insurance ends in accardance with any written agreeme�st between�cirower ' • �
<br /> ,� . - . _ and Lender or ap,p�icable law. ' � .
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<br /> _ ' 9 inspectiain. Lender or its agent may make rea�onablc entries upon and inspe�-ri��^s of the P'r+mperty. l,tnder shall �• .
<br /> '��:i . � give Borrower notice at the time�f ar prior to an inspectidn specifying rca5onabie cause t���'•:-:inspectlon. ' {
<br /> . � , �' 10. Condemnation. T6ie ps�ocecds of any awa�d or claim foNdamageti,direct or ce�-l.:yuential,in connection with any j '•������i•.',
<br />` ,,.: �;° t _, .. . .� , Singfc F�nily--Faaeit Nac'Frcddie M�c Uhlx(1R�1 t1S7Rl;NF:rT-•Unifnrtn Covenanb 4190 /puqe j�jb pn4e�! •.
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