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<br /> pedod:tlut Lm�der requir�. The inrurupe curfer providln�the instuance sFull be chaen liy Bo�mwer wbject to I.cnderti
<br /> �pprovd which�11 iwt be unre�aon�bly withheld. If Borrnwer faila to mdnt�in coverage descr�bed above,r.ender mny.nt
<br /> Le�derh aptian.obtdn cavers�e to protxt Lenderk ri�hts in the Pro�xny in acconiance with�uagraph 7.
<br /> All Insuru►ce policIes u�d renew�ls chall be acceptpble to I.ender and shAU include x suindard mortgage clause. Lender
<br /> shdl tu�ve tho ri�ht to hold the policies an�i reoew�la. If Lender requires.Borrnwer ahall promptly give ro Lender All receipts
<br /> of p�id ptemiutr.0 and r�enewal notices. In tfu avent af lass,Borrower sh�ll�lve prompt notice to the insutuue curkr�nd
<br /> ----�--� Lendec Lcnder may makc praof of loss If not made promptly by Bocrowcr.
<br /> Unless Lender and Borrower othcrwise agrac in wdting,insurance procacls ahall be applled to restoration or repair of
<br /> the Praperty damaged, if the rcstcxatian or rcpair is economically feacible and Lender� eecurity iy nat lesrxned. If the
<br /> rcatocation or repair is r►ot economically feasible or l.enderh tecurity wauld be lessened, the in�urence proceeds ahpll be
<br /> � appliod to the swns securrd by this Security Instrument, ��hether or nat then due, wlth any excess p�d to Borrower. If
<br /> Bcxmwer abandons the Property, or does not answer within 30 days a notice from Lender that the insurencc cnrrlcr has
<br /> offered to settle a clsim,then l.ender may collect the insurance praceeds. Lender muy use the proc.ceds to repnir or restore
<br /> - ��---- the Property or to pay sums secuted by this Secu�ity Instrument.whether or not then due. The 30-day periad wi!!bcgin when �°
<br /> ttte twtice is given.
<br /> Unless Lender and Borrowcr otherwise agrec in wr�t�ng, any application of procccds to principul shall not cxtend or
<br /> postpone the due date of the monthly paymenGs refemed to in parnsraphs i And 2 or chunge the amount of thc puymcnts. If
<br /> under paragtaph 21 the Property is acquired by Lender, Borrower s right ta any insurnnce policics nnd procecds resulting
<br /> - from damage to the Property prior to the acquisition shap pass to Lender ro the extent of the sums secured by this Security
<br /> Instcument immediately prior to the acquisitton. —
<br /> -.:�a 6. Occup�ncy. Preservation, Maintenance and Protection ot the Property; Borrower's Losm ApplicANon;
<br /> I.eaceholda. Borrower shall occupy.estu6litih,and use ttie PropeAy as Borrower:�principal residence within sixry duys ufter —
<br /> the execution of tl�is Security Instrument and shull continue to accupy the Property as Harrower's principul residence for at —"
<br /> least one year after the date of occupancy, unless LenJer otherwi,e agrees in writing, which consent shall not bc
<br /> _ unreasonably withheld,or unless extenuating circumstances exist which :+m beyond Borrower's control. Borcower shuil not —
<br /> destroy,damage or impuir the Property,allow the Propetty to deteriornte.or cammit wnste on the Property. Borrower shull —
<br /> � •���!: •• be in default if any forfeiture action or proceeding,whether civil or criminal,is begun thut in Lender's gcxid fuith judgment —
<br />_ could rcsult in forfeiture of tGe Propeny or othcrvvise materially impuir the lien created by this Security Instrument or --
<br /> ��. l.ender�s security intercst. Borrower muy cure such u default and reinstate,uc provided in purugraph 18,by cuusing the uction -
<br /> .• or prc�coeding to be dismissed with a ruling that.in Lender s gocxi faith detertninution,predudes forfeiture of the Bnrrower'x —
<br /> '� interost in the PropeRy or other materiul impuimient of the lien cmated by this Security Inst�ument or 1.enderE security �''
<br /> _ ,��;'��:, � interest. Boaower tihall olso bc in default if Borrowcr, during the loan applicution proccsz, guvc materiuUy fulze or
<br /> �� •�;,;���- i � inaccurate intormation or statements to Lender(ar failed to provide Lender with any muteriul infarniatic>n)in connection with
<br /> _ ' ' • the loan evideneed bv the Note, ineluding, but not limited to,reprcsentntions conceming Borrower's occupancy of tiie —
<br /> � �'"�%""'�'���''"���`� Property as a p�incipuj residence. lf thiti Serurity Instrument is on a Ie•rxeholci,Borrowcr shall comply with ull�he pre�visions �;
<br /> .. ��;�.,
<br /> ,� _ ,;::.''• •- of thc lease. If Borrowcr acyuirex fec title to thc Pmperty,the Icu�ehold und the fee title shull not merge unless Lendcr ngrcrs
<br /> .::4.� �: • tothe mergerin writing.
<br /> ' ' , 7. Protection oP l.ender's RiRhts in the Property. If Borrowcr fuils to pc,rf'om� thc covenams and ugrcc�ncnts
<br /> �,�};:,•�,: • • contuined in this Security instrument, or there iz u Icgul procecding that may signific�mtly affect Lender; right+ in the �
<br /> � , , r._ .1: , . Propeny(such as a praceeding in bankruptcy,prob•rtr,fur rondemnution ur forfeitum or to rnf��rce luws or regulution�),then a.
<br />'s . � Lender ma do •rnd a for whatever is necestia to rotect the vulue of the Pro rt and Lender's ri�ht, in the Pro rt ��`�
<br /> Y P Y rY P P� Y b P� Y•
<br /> . • . � Lendcrt uctiom may include puying any+urns sccurcd by.�lien which hu.priority ovrr thir Security Imtrument.:►p�xuring � �
<br /> � � + •- in court, a in reusonuble attome ti fees und cntcrin�on the Pm n to muke re airs. Althau h Lcnder mu tuke uction �""I"�
<br /> � P'Y S Y � b Fk Y P F Y �. _.
<br /> ,- �,���.• •..��• ;;••.<< under Ihis paragruph 7,Lendcr dcex not huve to do so. �,;
<br /> - ' ' " Any amounts disbuned by Lrndcr undcr this parugraph 7.hull txrcomc additiunal dcht of Rorrowcr sccurcd by this =
<br /> ?�`���� • '°^�� Security Instrumcnt. Unless Borrower urtd Lendrr agrcc to othcr tenny of payment,the�r amounts tihall txar intcre+t f'rc�m thc
<br /> � �+�n•+%'��- � ��- dutc of disbursement at thc Notc rate und shail tk payable, with interest,upon noticc f'mm Lendrr►e�Borrowcr myucsting
<br /> ,µ ..;.;;.�.:,- -• puyment.
<br /> . �,i� '. :
<br /> ' 8. Mortfiage Insurance. If LenJer nyuimd monguge insuruncr a.a condition of muking the loan+rcured by thi+
<br /> ' '� " ' Securiry Instrument, Bonowcr tihull puy ihc premiumti rcyuimd tu muintuin the mun�agr inxurxncc in rffrct. If,for uny _`-
<br /> • �" ' reason,t6e mortguge imurancr coverage rr.yuired by L.ender lap�rs <�r cruses to Ix in effrct, Horn�wer shull pay the �'";�_
<br /> ',TM'°-• _ , prcmiums rcquired to obtuin rovrragc .ub�tantially ryuiv�dcnt to thr mortgagr in.ur.mrr prcvioutily in rffrrt, ut u rutit
<br /> ' substantially cquivalent ro the cost to Born�wc�of thr mort�ugr in�urancc previouyly in eftect,frum an aNrrn•rtr mongagc ��•�'
<br /> � insurcr approved by Lender. If substantiully cquivalent mortga�;c insurance coveruge ix not uvailublc,Eiorrowrr xhnll pay to
<br /> �' . Lender each month u sum cyuul ta�mc-twclt'th uf thc yrarly roortgagc in,uruncc premium being paiJ by I3orrnwcr whrn thc
<br />---' �•i'�:�.�r . insurance coverage(apsed or ceatied to fxx in ef'f'ect. Lendrr will uccept,usr and mtain these p:ryment�ax a loss re+erve in lieu
<br /> _ � �':��. " of mortgage insurancc. Lotis rescrvc puymcntz may no I�m�cr Ix r�quircd.ut thc opti�m��f l.rndcr, if mort�±.�gr inxurunrr
<br /> , � �,;;w� . coveragc (in the amount und for the peri�xl thut i.cnJrr rryuirc�>pruvidrd hy an imurcr appruvrd by 1.rnJcr uguin Ix�romr,
<br />` f f�`�-,� availuble and is obtained.liormwcr shall pay thc prcmiums reyuircd to maintain mortgage insurancc in effcct,o�tu provide u
<br /> �' �' losx reserve,until thr rc uimment ti�r mon a�� insuruncc rnds in arrordcmce with nn writtcn a�rremrnt hctwcrn$orrowcr �
<br /> '1 ��� ' und Lender or applicahle luw. � � Y �
<br /> •:;,, � 9. Inspection. Lender or itti a�cnt muy makc rcu+unahlc cntrir.u�xm and im�xclio�tti of Ihc'PruEx qy. I.rnder.htdl e
<br /> ' t' � . : give Sorrowcr noticr ut thc timc of or priur t��un in+pccti�m.�xrifying rcu�onuhlc ruu.r ti�r thc in�prrtion. F
<br /> ; : �� � 10. Cundemns�tion. The prcxcrd�of any awarJ c�r rluim fur damages.dircct�ir con,ryurntial.in ronnrrticm with any
<br /> y • � Smglr F�unily--F�nnie�twe/F�eddte�f�r t'NIFUR�11Nti1'RI'�1F:NT•-Umtonn t'o�cnvit� YN/(1 rp,ixr.f n/n p�„•ci �
<br />. Grcat l�iti Ou�innw hmn.Inc� s
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