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<br /> 94- 101054
<br /> pedods that Lender requircs. 'Il�e insurance carcler providin�thc Inwroncc shull bc cho�en by BoROwcr c:ubject to l.cnder�
<br /> r �pproval which shall not bc unreasonebly withhcld. If Burn�we�frils tu muintuin coveragc de�ribcd ubnvc,Lender moy,at
<br /> Lender�option,abt+�n coveragc to protcct Lcnder�rfghts in the Property in uccordunrc with pars�graph 7.
<br /> All insuranct pollcies and renewals shall be acceptuble to l.ender and shatl Include u stundard martguge cluur,e. Lender
<br /> � shall lwve the dght ro hold the policles end rcnewulx. If Lenckr reyuircs,Borrower shull pr�Hnpt ly�ive to Lender ull receipts
<br /> of p�id premiums and renewal notices. ln the event of lotix,Borrower sh•all�ivc prompt naice to thc inr:uruncc currlcr and
<br /> � ---�-- -_ --_- - ---� Lender. Lender may mukr proof of locs if not mude promptly by Borrower. � _.
<br /> _. _
<br /> Unless l,endcr and Borrower otherwlse ugree in writing,intiur:mcc proc:ceds shull bc applicd ta rcstoration or mpair of
<br /> ihe Property dumuged. if the rcstaration or mpair ic econamicully fea.r•i61e und l.enderti security is not lessened. If the
<br /> iCStOfA1�on or npair is not economicully feasible nr l.enderk security would be lestened.the insurance prorceds shuli be
<br /> applied to the sumc secured by this Security Intitrument, whe[her or not then due,with any exces+puld ta Bortnwer. If
<br /> Borrower abandons the Propeny.or dces not answer within 3U duys u notice from Lender that the insurance currler ha.c
<br /> offerc�d to settle s cluim,then l.ender may collect the Insurance proceedti. Lender muy use the proceeds to repuir or n:store
<br /> -- -----= the Prapeny or to pay sums secured by this Security Insuument,whether or not then due.The 30�duy perfod will begin when
<br /> the notice is gtven.
<br /> Unless Lender and Borrower othenvise agrce in writing,any upplication of proceeds ta principal shall not extend or
<br /> - -- postpone the due date of the monthly pnymentx rcferred to in paragraphs I ond 2 or change the umount of►ha payments. If
<br /> -- under parugruph 21 the Propeety is acquired by Lender. Borrower's right to uny insurance policies und praceeds resulting
<br /> ;;,s� from damage to the Property prior ta the acquisition shall pasw to Lender to the extent of the sums secured by this Security
<br /> — Inswment immediately prior to the acquisition.
<br /> ��� 6. Occupancy. Preservation, Muintenance and Protection ot the Property; Borrower's Loan ApplicnNon;
<br /> Lwseholds. Borrower shuU acupy,estubtish,and u.r•e the I'ropeny us Borrower's principal residence within sixty days after _
<br /> the execution of this Security Inxtn►ment and shnll continue to occupy the Praperty us Borrowers principal cesidence for at �
<br /> ,� ��=tli;, least one yeur ufter the dute of accupancy, unlesti Lender atherwise asrees in writing, whieh consent shall not be
<br /> , + ;� unreasonably withheld.or unless extenuating circumstances exist which ure beyond Borrower's control. Bortower shall not
<br /> •�,; desvoy.damage or impair the Property,allow the Property to deteriorate,or commit waitc on fhe Property. Borrawer shall
<br /> ' be in default if any forfeiture uction or prceeeding,whether civil or criminal,is lx:gun that in Lender's goai faith judgment
<br /> : ' i_.'�r
<br /> ,H{��� � '� "''" could result in forFeiture of the Property or atherwi�e muteriully impair the lien created by this Security Instrument or �`
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<br /> J�; Lender's security interest. Borrower muy cure such a default und reinstate,us provided in parAgrAph 18,by causing the action
<br /> � �r.. •, or proceeding to be dismis.r•ed with a niling thut,in Lender's good faith detertninaYian,preclude,forfeiture of the Borrower's
<br /> ' ' ':�;�r�•'�• intercst in the Property or other material impairment of the lien creuted by this Security Instrument or Lendert security
<br /> � ,e��. t"��' interest. Boaower shaU also be in default if Borrower, during the loan upplicution process, gave rnuteri�(ly fulse or
<br /> ''`� `�`J`' �°�"""'�� inaccurate infocmntion or statements ro Lender(or failed to pr�vide Lender with any mc►terial informution)in connection with
<br /> :+IfL0��7�.�,M•;f��SQ�'�1�i�,� .�y.
<br /> 'u ° �� the loan evtdenced by the Nate, including, bu[ ni�t limitrd to,rupresentutiom conceming Borrower's occupancy of the _
<br /> " . "o"+�*t'�%ti'°"'+`•' Propeny as a principal residence. If thix Sccuriry Inxtrumeut is on n�easehotd.Horrower si-�ali compiy wiih uii ii�r}nuviaiu�is __
<br /> �:�;`;;.'�~;;�%Y''��.:' � of the lease. If Borcower acquires fee title to the Property,thc Icauhold und thc fee title sh:�ll not merge untess l.ender ugrees
<br /> •..:� . ;.`, to the merger in writing.
<br />-_ �3�� •- +�•*��'..•� 7. ProtecNan of i.ender's Rightc in thr Property. If Borrower fuils to perform thc covenants und agreements
<br /> - '�ii`��r•r.:�.�• —
<br /> y. • , �• contained in this Security Instrument, or therc iti a Iegal proceeding that may significuntly affect Lender's rights in the -�
<br /> �,,�,.,:. ..
<br /> � ''+"''�•� Pro rt such as a roceedin in bankru tc robate,for cundenmution or forleiture orto enfuree luws or regulations),then
<br /> .:�'��.;,�e,�u.:_:_ p� Y(• P R p Y•p
<br /> °`•° � • • Lender may do and pay far whutever ix nccessary to protec� thc vsdue of thr Propercy und Lender's rights in the Property. _
<br /> . •.���.•--�:. • f: Lender's actians may include puying uny tium.xerured by a licn which hu.priority over thi+Security Intitrument,appearing __
<br /> � • � fi�1 in court,paying reasonablc attorncy+'fces and cntcring on the Propcny to make mpuiry. Although Lcnder muy tukc uction _-
<br /> - unde�thiti puragruph 7,Lender docti nut huvc to do su.
<br /> _�'' ;y.��;;�,,:� , ��� • Any amounts di�burscd by Lendcr undcr thiti parugraph 7.hall txconm additional debt of Borrowcr securcd by this
<br /> -� � Security Instrument. Unlesx Borrowcr and Lendrr agrcc tc�uthcr tcrni+��t�puymcnt,thc,e u�nc�unth�hall bear interc.t from the __
<br /> � , date of disbunement at the Notc rute and shull be payuMc,with interc+t,upun nc�tirr from Lender to Borrowcr rcyuesting '
<br /> � puyment. _ _
<br /> • k- 8. Mort�age inxurance. If Lender required mortgaEc in.ur.mce u.a condition uf'makinE the lo;u�+rcured by this `
<br /> Security Mstn�ment. Borroa•er zhall pay thr premium� requireJ to muint.�in Qte munEa��intiurancr in rffect. If, for any �
<br /> � reason, the mortguge insurance coveragr reyuirrd hy LenJr� lap�e, or cra.r+ to tx i n effect. Borrower shall pay the
<br /> premiums reyuired to obtain covrragr �ub,tuntially equivalcnt tu the murlg:ige in�urrnce previously in cffect, 8l :1 l'Otit �''=
<br /> ' • substantially cyuivalcnt to the ru+t to Burruwrr uf thc mung:+gr in,urancc prr�•iuu+ly in�ffert,From an altrmute mortFage __
<br /> .'� ,_ insurer approved by Lender. If�ub,tantiallv cyuivalrnt m��rt�;►�r in,ur.inrr cuvrrage iy nc»av:►ilable.Borrnwcr,hall pay to --
<br /> _ \ �, ,-�' Lender cach month u zum cyuul to anr-tw�IRh��f thr ycarly mong:igc in+ur.mr�prcmium Iking paid by BoROwcr whcn thc �:�'`
<br /> ,.� insurance coverage lup,ed or ceatied tu Ix in rf'frct. LenJer will�urrpt.utir:md rrtain tlx+c paymentti a+a lo�r re+erve in lieu ��-
<br /> �<���; of mortguge intiuruncr. Losx rrscrvc p:►ymcnt�muy ni�longcr ix r�yu�red, at thc optinn ut Lcnd�r,it'mortguge in,uranre ��_
<br /> �
<br /> �= '' • coverrge(in thr amount and tiir thr prri�x�that Lrnder rcyuirc.►pr�widrd hy an irnumr approved by LenJer aguin lxcome.r };'
<br /> a::: � availublc and is obtained.Borrowrr.hall pay thc prcmium.rcq«irc�i to mamtain nwrtgagc imurancr in cfY'ect.or to pn�vidc a -
<br /> t•
<br /> losti retierve,until the rcyuircment for mortgagc insurancc enJ.in xrr��rdanrc�vith any�vrittcn :�grccmcnt lxtwcen Borruwer
<br /> � and Lender or applicahlr law.
<br /> E. . SI. Inspection. 1_cnder ur itti agrnt may mal�r rra�nn:�ble enn•i.. up�,n anet in.Fxrt irn�uf thc Pro�xrty. Lendcr>hall
<br /> give Borcow�r notire at thr timr of ur priur to an im�xrliun�perih ing rea,unahlo cau�r lor thc in,Fxrtion. �
<br />' ,� 10. Cnndemnation. The pnxecd,uf:►n�•aw:u•J�,r rL�im ti�r damagr..dirr�t��r run.cyurntial,in runncetiun with uny �.�
<br /> SmFlr 1•amil�..Funnk�fne/Freddie lfuc f�IFt1R\t 1\ti't'Rl'�tt:V"1'-•l'mt�mn e'mcu:uu. 9i'q �►,�+e�•?�,/r�l+�e�'�i
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