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<br /> _��...�_�._��_ q �jlats u'u►t l.ecxier r�yuirea. 'li�a i�isuj�+u�ce c�tt�r pruvldlt�x tfw I��sut�utce bh�ll be chosen by�oriow�P subject ta Lendurk
<br /> , sppmvnl whieh eh�ll not Eo unreasonnbly wlthheid. It Borrowar fafla to m�lntain covarego deacdbed�bc�ve,Lemler mry.�t
<br /> Lxndark optlon,obt�in caverage to protect l.endcrk dghtR in thc Propecty in sccondance with puagnph 7.
<br /> j AII L1511IWIC0(10I1CIOA iM�IC110W�I6 AAAII I1D�CC4pt�ble to Lcnder and shall includo a stindard mottga�e cl�tutio, I.e►ufer
<br /> — - - - shall havo tho right to hold the palicies nnd oencw�ls. It I.ender requirts�Barcower Rhalf promgt�y give to Lender Nl receipt±� --- -
<br /> ���—_^=� of pAld premiun�s and renewal notices. In dw avutit of las�.Burrowcr shotl givo prompt notice ta the lnsurartce catrter aad
<br /> i.ender. I.ender may make prooP of los�if not m�do prompily by Barrower. ' '
<br /> UnYesa Lender and Bomnwer otherwise agree i�wddng,insarance pracaeds ehali be appNed to rcatoratioe or repair of
<br /> tho Propeny dumaged. if the rastoratton or cepuir ia economically feuatblo cind Lenderh sceudty ia not lessened. If the
<br /> �- - �estoration or repair is not ecortomically feasible or Lender��ccueity would ba lessened. tha ins4rance proceeds ehsll be
<br /> c�pplied to the suma secured by thla Security Insuument,whether ar not then due,wIth any excesa paid to Bnrnewer. If
<br /> � �� � Bormwer abandons the Property.or das not anawer wlthin 30 deys u notice fmm l,e�der that the insuranca carrler has
<br />--^;��, offered to xettte a claim.then Lender mny arllect the insumnce proceeds. Le�ider may use the proceeda to repalr or r�storo
<br /> i:��:� I the Prarerty or to pay sums secured by this Sec�uIty Instrument,whether or not then due. The 30-day pedad w�ll begin when
<br />_ ,, the noticc ia given.
<br /> ��, U�less L.ender and Borruwer othecwlse ag�+ee in wrltIng,any c►pplIcadon of proce�ds to pdncipul shsll not ext�nd or
<br /> ;t";'" postpone the dua date of the monthly payments refecred to in paragrapha 1 and 2 or change the umount of the paymants. lf
<br /> :�; under paregreph 21 the Property is acquired by Lender.Borrower�s dght to siny Inaurnnce poltcie.g and ptoceeds resulting
<br /> % from damage to the PropeRy prtor to the acquisition ahall pass to Lender to the extent of the sums secured by thts Secudty
<br /> Inst�ument(mmediately prlor to tha acquisIdon. __ .
<br /> . 6. Occupar�cy, Preservation� Maintenance and Protection of the Praperty; Borrower's Loan Appllcatton;
<br /> ,,_ - - ------ L�:leelt!°. Botrower shalt accugy.establi�h.a�td usc thc Propc:ty as Borrowcr y principal zrsidcace witlsin sixty days s�'ter -
<br /> � 1 r�; .�„ the execution of thls Securlty Instrument and shall continue to occupy the Pruperty es Borrower's principnl residence for at �
<br /> � �,,, ., . . . ..�,
<br /> 't � �r��� ;' least one year afte� the date of occupancy. unless Lendar utherwise agrees in wdting, which cansent sha11 not be
<br /> ., „ �'�,'�!�,. .,, unreasonably withheld,or unless extenuating circumstences axlst which sire beyond Borrowerk control. Borrower shnll not —
<br /> � ^ � '' desu+oy.demage or impair thc Property,allow the Property to deterlorate,or commit waste on the Ihnperty. Borrawcr shall =-
<br /> .>���. `.':�'.;`,•:�:%.�•''��X bs In default if any forfeiture action or proceeding,whether civll or criminal.Is be�un that in Lender�good fatth Judgment
<br /> ,.���; � could result M forfeiture of the Property or otherwise matertally impa3r the lien crcatcd by this Secur{ty Instrument or ---
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<br /> " � � � '��� i,enderk security intemst. Horrowcr may cure such a defnult and reinstate,as provtded In paragrnph 18,by causin�the action __
<br /> � , • vr proceedin�to be dismissed with a ruling that,in L.ender�s good faith determination.precludes forFelture of the Borrower� ___ __
<br /> ' � • " interest in the Property or other materia! impairment oF the lien created by this Secudry Instrument or l.ender's securlty �`-
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<br /> � " interest. Borrower shall also be in default if Borrower, during the loan upplicattan process, gave mater�ally false or �°"�
<br /> - _ . n ^. _ 3nacce►sate informailon or statements to Lender{or fa�led to provide Lendpr wish nny mate�iel inf�rmeti�n)in connection wi�h .�F -- -
<br /> • � • the loan evidenced by the Note, includin�, but not limited to, repmsentations concemtng Borrower�s occupancy of the ������,
<br /> �, Propetty us a principal restdence. If this Securlty Instrument is on a leasehold.Borrower shall comply with all ths provisions ,,..�;
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<br /> ' of the lease. If Borrower acquires fee title to the Property,the leusehold und the fee title shall not merge unless Lender agrees y4s±�-.°
<br /> }.7[�!c,.,_
<br /> :``�� to the merger in wrlting.
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<br /> • � 7. Protection of l.cnder's Rights in the Property. If Borrowcr fails to pedorm the covenunts und a�reements •:""���;:�:
<br /> contained in this Securtty Instrument, or there Is u legAl proceeding that may significantly affect Lender�s dghGg in the . .�;;':
<br /> -,. _��::;��•�_--.---_--_ Property(suth as a praceedfng in bsrskruptcy,pmbatc,for condemnation ar farfciture ar to enforce laws or regulations),then
<br /> � Lender muy do and pay for whntever is necessary to protert the value of the Praperty and Lendcrk rights in the Property. � -
<br /> . � � Lender?s acdons mny include pnying any sums secured by u lien which hus prIority over this Securlty Instrument,appeuring �� �,
<br /> in court,puying mahonnble nttomeys'fces and enter�ng on the Property to mukr repain.Although Lender muy tcike action
<br /> � , �,:..� under this parngraph 7,Lender dces not huve to do xo. .
<br /> - , � Any umounts disbursed by L.ender under this puragrnph 7 shull lxcome additionul debt of Borrower secured by this .
<br /> Securiry Instrument. Unless Borr�wer and Lender rgrec ro other tcrtn.of puyment,thcxe amounts shull bcur interest from the
<br /> ��� ,. _ � date of disbursement ut the Note rate und shull(x pnyuble, with intcrest,upon noticc from Lender to Botrower requesting
<br /> . .. ,�ti puymcnt. .,
<br /> • . . S. Mortgn�e Insurance. If Lender rcyuimd monguge imurunce u�u conditiun of muking thc loun securcd by thix "
<br /> �• Security Instrument, Borrower shull puy the pmmiums reyuired to mi�intuin thc mortguge insurance in effect. If,for uny ., �
<br /> � • � ' iea,vu, l{IC �IIUII�;itbC iu,u�una cuvr�uge �cyuircd by l..nder lapac. or �cu,c, tu tx in effect. Barrowcr sha{I pay the
<br /> premiums myuired to obtain covrrngr xubxtuntially cyuivulent to the mongugr imurancc prcviously in effect, at a coxt ,
<br /> "" '�� ' ° substantialt e uivalent to the cost to Rorrower of the mort�a t� in+urunce reviuu.l in rffect, from un ultrrnate nwrt�a�c
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<br /> � insur+er upproved by Lendcr. lf substuntiully cyuivulent mortgagc in.uruncr covrrugc ix not uvuilublc,Borrowcr sh�ll pay to
<br /> . Lender each month n sum eyuul to one-twelf�h of thr yrarly mongugr in.urunre pmmium tking paid by Borrower when the � .
<br /> ' ' ' insurance covrruFr lupticd or cenxed to he in rftect. I.rnder will urrr�t.u�e und rctuin these payments us u toss reserve in lieu . ,
<br /> � of mortgage insura►ce. Lnss rc+crvc paymrnts muy no k�nger tx rcyuired,ut thc option of Lcndcr, if martguge insurunce
<br /> ' coveruge(in the umnunt and fcir thc Exriuci th�t Lrnder�eyuirc.)provideJ by an in.umr approvcd by Lender ugain Ikrnmes
<br /> - uvailablc und ix obtuincd.Born�wcr xhull pay thc prcmiums requirrd to maintuin mongugc insuruncr in effrct,or to providc u
<br /> • ° loss reserve,until the rcyuircmcnt tix mongagr insurunrc cnd,in ucror<limrc with any written agrremrnt hctween Bormwer
<br /> , and Lender or upplicuble law.
<br /> � 9. Inspection. l.cndcr or itx ugent may mukc rciwunablr rntrie�upon and im}xctium of Ihc Propeny. Lrnder xhall �
<br /> '� give Bomowcr noticc ut thc timc of nr priur t��un in,pectiim.Fxrifying mu+unahlr rau.e li�r thr in+�xction.
<br /> ; . 10. Condemnation. The prcnceds of uny awurd e�r rluim ti�r d:una�r..dirrrt or r��mryucntinl,in ronnection with uny
<br /> � • timglc Familq--Funnlr:11uc/Fnddle�tuc l'VIFOR\11Nti'1'NI��1M:ti'f••Und�,m�<'uvenum. 9/90 �p�A�•.i,q n p,iK�s�
<br /> IiRat I�dt�fluxl0tr.i Y�t1118.1M�
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