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<br /> 94-1oi�19
<br /> parbd�thu l.ender t�equirei. 'Ria ln�c�roe carrier providL��the inwranoe�htll be cho�reen by 8onnwe�w�bject to Lende�b
<br /> � �v�l which�h�ll not be an�ron�bly widil�eW. lf 8arowu fd4 W nuiinui�coven�e descdbed�bove.LMder nuy. �t
<br /> l,erderk.ap�lori,obWn oovera�e to p�oea,ti L.nidery d�ir�the Propetty in aoca�duioe with p�c�ph 7.
<br /> All inwrarwY poUciea and nenewal�dfall be�ocxpuMe w LeMer�nd�IWI include a at�rt!mat�a�e clswe. L.ader
<br /> �hall h�ve the djfit w hold the polkies r►d�newde. !f Le�der requfre�,Borrower�h+ll prnmptlY�ive to Lender ell rxeipt�
<br /> ' of pdd promiwn��nd renewal noNcos. !n the evmt of loss,Bcxrower�h�ll�lve prompt notke to the insur�nce c�urkr�nd
<br /> La�da. I.ender rru�y make p�oof of bas if not m�de P�PUY t►Y Batuwa.
<br /> Unleu Lendcr�td Bamwer otfierwLc agree in wrltin�.iniur�ncc proceoda ah�Jl be�ppNed t�rouaatlon or ropdr ot
<br /> -- �he 1'ro�rt Jjun+gcd, if ttw rertan�ti«►w•rcprit�Ic ecoricmic;+lly feuiiblc w�ct l.taderk recur(ty is noi lesser►ed ]f the --
<br /> rc�a�tiai yor rep�ir is�x�t ecawrnically fuuibk or Latider�a socurity w�uld be leuened.the iruurance proceeds�h�ll be
<br /> applied to the sum�secured by thts Secudty Insuument. whether or not then due,with iu►y excess paid to Horrower. If
<br /> Borrower aban�iorw the Property, or does oat answer within 30 days A notia from Lender thu thc insurenco ca�rkr has
<br /> offerod w settle a clalm.then Lender miy oollect the insurance procoods. Lsnder may use the procads to rep�ir ar reatore
<br /> the Praperty or to pny sums cacured by thir Security Insuurnent.wheth�r or not then due. The 30�day pedod wi11 be�in when
<br /> the notice is given.
<br /> Unkss Lender ancl Borrower ot}�erwise agroe in writing.any applicytian of proceeds to pr►ncipal shall twt eztend or
<br /> postpone the due dau of the monthly paymcnu�+efernd to in paragraphs 1 and 2 ar chrnge the amount of the piymen�c. If
<br /> under paragraph 21 the Property is acquired by Lender, Bomowerk right to any insurance policles and proceufs rcsulting
<br /> from damage to die Pnoperty prior to the acquisition slwll pass to Lender to the extent oi the sums securcd by this Socurity
<br /> Insdument Immediately prior to!he acquisition.
<br /> 6. Occupancy. Preserv�tioo, MAlntena�ce And Protection M tt�e Property; Borrower'9 I.wn AppUcadon;
<br /> __= I.easebold�. Bo�rower shall occupy,establish,And use the Property as Borrower's princtpal residence within stxry dtys�fker
<br /> - the execution of this Security Insuument and shall continue to occupy the Property u Bomower�s principal rcside�ce for at
<br /> -"% least one yeu after the date of accupancy, unless Lender ottierwise agrces in writing. which conxnt shall not be
<br /> - u�►oeasonably withheld,or unless exteotwting circumstances exist which are beyond Borrower's control. Bortower shall na
<br /> destroy.damagc or impair thc Property,�llow tho Property tn deteriorate,or commit waste on the Property. Bomower shall
<br /> be in default if any forfeiture action or proceeding,whethec civil or criminal,is begun that in Lender�s guod faith judgment
<br /> � could result in forfeiture of the Piopeety or otherwise materially impair the lien created by this Securiry Instrument or
<br /> l.ender§securiry interest. BoROwer may cuce such u default and reinstate,as provided in paragraph 18,by causing the action
<br /> ' or praceeding to be dismisse�i with a ruling that,in Ler�der?s gaad faith deterniination,pnecludes forfeiture of the Barrowert
<br /> _ ' interest in the Property or othcr material impaim►ent of the lien created by this Sccurity Instrument or Lendcr�s security
<br /> - ••�''� interest. Borrower shall alw be in default if Borrower, during the loan application pracess, gave muterially fal�e or
<br /> � ;. inaccurau infamation or statements to Lender(or failed to provide Lender with a�y material information)in connection with
<br /> � • the loan evidenced by the Note. includin�,but not limited to. representntions conceming Borrower§ occupancy of the
<br /> " `'`�� �r � Property as a princlpal residence. If thix Security Instrument is on a leasehold,Borrower shall camply with all the provisions
<br /> _ __= of the leace. lf R��wPr acc���iree fir titM t�thP Pmperty,the leace.lu�ld anci the fee tide chnll not merge unless I.ender s►gme.t .
<br /> ��. "'""" "' to thc merger in writing.
<br /> �'�'""''"''•���`' """ � 7. Protectbn of I.ender's RighRc in tt�e Property. If Borrower fails to perf'ornt the covenants and asreements
<br /> . contained in this Security Instrumcnt,or thcre is u legal procceding that may signiGcantly affect Lendert righis in the
<br /> -` •, Property(such;�s n proceeding in bankruptcy,prabate,for condemnation or fodeiturc cx to enforce luws or regulations),U�en
<br /> Lender may do and pay for whatevcr is necexxury to protect the value of thc Property nnd Lender's dghts in the PropeRy.
<br /> -_ • I.ender's actions may include paying any sumti securcd hy a lien which hax priority over thix Security Inxtn►ment, appearittg _
<br /> � • in courf, paying rea.wnable attomcyti'fcc, und entering on the Propcny to moke mpain. AlthouFh Lender muy take:ution
<br /> � � :° under this parngraph 7,Lendcr dces not havc to do�-o.
<br /> Any amounts disbursed by Lender under this paragr.�ph 7 .hall become additionul debt of Borrower secured by this �:
<br /> �,,�T� �4""'• - � •�'^ Security Instrument. Unle+�8orrowcr und l.cnder ugrcc to other tcrmti of payment,the.e umounts�hall bear interest from ttie _
<br /> .y` '� ° ' datr of dishur•rmem at the N�r rrtc arul sh:dl he p:+y;ible,with intemst,upon noticc!'mm l.endcr to R�rrower reqaesting �_
<br /> payment. —
<br /> �• 8. Mortga�e Insurance. If LenJrr requircd mortgage in.ur.�nce as a a�ndition of making the loan,ecured by Ihis
<br /> " Securiry Imtrument, Borrower xhall p•ry the premiumti reyuired to maintuin thr mort�:;tge in.ur,�nce in cffect. If,for uny
<br /> "` ; mason, thc mongugc insuruncc rovcrugc reyuir�J by Lrndcr lap�cs or cca,cti to bc in rffrct. Born►wcr tihall pay thc �>`
<br /> • � ' . � premiums rcyuired to obwin covrra�e.ub,tantially cyuivalcnt to thc mortgagc inwranrc prcviuu.ly in cffect, •rt a cost
<br /> . ; i substantially cquivalcnt to thc cu�t to ESorrc�N•rr of thr murt�.age in�urancc previously in effrrt,frum an altcmate mortgagc —
<br /> insurer approved by Lender. If suhstantially eyuivalent mortgu�r insura►xr coverage i�not av:�ilablr,Borrowcr shall pay to
<br /> � . Lender cach month a tium eyual to onr-tweltih uf thc ycurly mortgage in.urancc prcmium fking pxid by Bortower when the �.
<br /> in�urancc covrragc IapsrJ ur cca.ed tu tk in effrct. LrnJer will urrcpt,u�c and rrtuin thr�c payments a+a lo.r•,rexervc in lieu �
<br /> of mortgagc insurancc. Lo+s murvc paymcntz may no longcr tx rcyuimd,at thc option o(LcnJrr,iC mortg.igc insur,u�ce
<br /> �� coveragr(in thc amount anJ for the Fxriod that LcnJrr r�yuirc.)provided hy an inwnr appruved hy Lrndcr ag•rin bccomes —
<br /> ' '� availablc:utd is obtained.Bormwrr sh:dl p:ry thr prrmium.rcyuircd tu maintuin mcirtgagc in.uranrc in rftcct.or to prt�vidc a �_
<br /> loxs rcserve,until thc nryuirrnxnt for mortgagr in.uranrr rnd.in accurdunrr with uny writtcn agrr�mcnt Ixtw�en Borrower �F
<br /> _ and Lcnder or a p plicablc l aw. P `
<br /> ti 9. Impe�ctiun. Lendtr or it,agcut nr.ry mal�r rca�unahir rntrie,u�xro and m��xrtion+of the Proprrty. 4ender sh:�ll
<br /> ; , � , givr Borrowcr notice at tFx timc uf or prior to an in,�xction,�xrifyiug rca,unaMr rau.c ti�r thr in,Ekrti�m. ,
<br /> � 10. Condemnation. Thc pr�xecJ.��f uny award or claim tiir damagrw dirrct ur run.ryucntial.in runncrtiun with any
<br /> Sin}Ic F;�mil} •-tLnnk�1yc�tlYVidle�tyc I\IFeIR�t INtil'Nl'�th:�'I�• t'mt�Km<'��.�n.m�, V/40 ip.�¢r?�q n pi�;r•�� `�-
<br /> �.rc.n 1.�►n.Nu.lnn..F�nr.hr � '
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