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<br /> ---- - periade that L.ender requircs. The insuranco canle�provlding tha insumnce shall be chascn by Borrower xubject to L,end�tb
<br /> , appraval which shkp not bc unrcasonably wfthhcld. If Horrower fnilA ta malntain cavorago dcgcdbed�bove.l..cndcr miy.at
<br /> � l.ender�aption,obtaln covemge to p�otect Lenderk rigbu+in t�e Property In acco�anco with pnmgmph 7.
<br /> All insuru�ce poticios ond renewsls xhall bo acceptablo to Lender and shult inctudo n Etandard mnngogo cinuso. l.ender
<br /> - -- � � ahalt havo tho dght to hold tho pollcias und rti�icwulx. If Ixnder r�uires.Barrawcr shall promptly give to L,ertder nl!reccEpt� �
<br /> -' ----- of paid prcmiums un�renewai noticea. In the event of loss.Borrower shall Bive pmmp!n�ti�.e tn ths insumnce cnr►ier�nd
<br /> _`� � Lender. Lertder muy make pmof of losa if nat made promptly by Bonower. �
<br /> ;. Unlexs i.ender und Barrower otherwiso aRree!n writing.inaurance ptoceedH shall ba applied to restorntion or repai�of
<br /> � the Pmperty dnmaged. if the restorattan or repuir Is economicuUy fcasible und [.enderk sccudty ix not lcssened. If the .
<br /> restomUon or rcpAlr is not economically feASible or l.enderk securiry would bo lessened,the insumnce praceeds ahall bo
<br /> applied to tha suma secured by this Securlry Insuument,whsther or not then due, with any excess puid to Hamower. If
<br /> Homower abundons the Property, or does not answer withlrt 30 days u notice from Lender that the insurnnce cwtier has _
<br /> " y offet+ed to settie a claim,then Lender may coiicct the insurance procceds. Lender muy use the proceeds ta repair or riestore --�-- - ----
<br /> w{ the Prope�ty or to puy sums secured by this Security Instrument.whether or not then due. 'fhe 30�day pedod will begin when
<br /> �,���� t the nodce ia glven.
<br /> , •� tr� �r�;�t.
<br /> r �..a,a,ti:.,.,,. Unless Lender and Borrower otherwise agree in writin�,any appltcatton of pmceeds to pdnclpa!Ahall not extend or
<br />�- -�{�'ir'���'�`ri"^� pastpone the due date of the monthty payments referred to in parngrnpha 1 and 2 or change the amount of the paymenu+. If
<br /> �'� , <i�'�n'•��° ��• •'°�� under paragcaph 21 the Property is acqulred by I.ender.Borrowerk dght to any tnsurunce policies nrtd proceeds resulting
<br /> �. .�-�:_:. .,...�
<br /> ,;�.•.�.,,,., ... :�' from dsmage to the Property prlor to the ucquisition ahall pass to Lender to the extent af the aums secured by this Secui-ity
<br /> • �..._ :�: � ,_. ��� Instrument immediarely pdor to the acquisition.
<br /> ' °'' 6, Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan ApplicaHon; �—
<br /> �:.___.-r------ -
<br /> :.` '•• ---�-•-��"-� �.easehoids. Borrower nhaIl uc:cu
<br /> py.Csinbiiah,w�d u�tS�a Pio�►7y es Borrower's principa�residcncc within sixry day�afcer �` - _
<br /> ' • °� . the execution af thts Security Instrument and shall continue to occupy the Pcoperty as Borrowerh principal residence for at --- _
<br /> least one year after the dste of occupancy, unless Lender otherwise agrees in writing. which consent shall not be �",'��-
<br /> � � ,, ' unreasoitiably withheld,or unleas extenuating circumstances exist which are beyond Bomower+s control. Borrower shall not �--
<br /> „ dexuoy,damage or imp�r the Property.allow the Propeny ta deteriorate,or commit waste an the Property. Borrower shall �`'"+.�+'°:"._
<br /> • be in default if any forfciture action or proceeding,whether civil or cdminat.is begun that In Lender§good fa�th jud�ment ����-
<br /> cauld result In forfeiture of the Properry ar otherwi�se materially impair the lien created by this Security Inatrument or �
<br /> " � . l.enderk security interest. 8orrower may cure such a defuult and reinstate,as provIded in puragraph 18,by causing the actIon ��_�'
<br /> or proceeding to be dinmissed with a culing that,In l.ender�s good falth determination,pnecludes forEeiture of the Borrowerk
<br /> •• � interest in the Pro rt or other muteriul im nirtnent of the lien created b this Secudt Insuument or L.endert securi ��`°�'���
<br /> ., � P� Y P Y Y �Y ,�;',,,.. ,_
<br /> interest. Borrower shull also be in default if Borrower, during thc loan application pracess, gavc materially false or .�,,,,
<br /> ____ ' inaccu�ate information or statemen�s to Lender for failed to provide Lender with any materinl informntion)In connection with -
<br /> . � y.,=:�
<br /> " � the loun evidenced by the Note, includin�, but not limited to, re�+resentations conceming Borrower's occupency af the -.
<br /> Property as u principal residence. If this Security Instrument is on u leu.�ehold,Borrower shall comply with all the provistons .
<br /> • af the lea4e. If Borrower acquires fec title to the Property,the leasehold and thc fee title shall not mer�e unless l.ender agrees � ��'`• ,
<br /> ' • to the merger in writing. ��"' t
<br /> � .• 7. Protection of Lender's Righfs in the Property. If Bortower fuils to perfortn the covenants nnd agreements �� �
<br /> contained in this Security Instrument. or them is u legnl proceeding thut muy significantly nffect Lenderi rights in the 't
<br /> • ;- - Propeny (such as a proceeding in bunkruptcy,probute,fcrr condetnnatio�or forfeiture or to enforce lawx or regulutions),then �
<br /> , • Lender mny do und puy for whatever is necessury to protect the vulue of the Property and Lender's righGc in the Property. __
<br /> . I.enderl Acttons may include puying uny xums secured by u lien which hux priority over this Security[nstrument,appeering .,�
<br /> � " in court. paying reusonable attomeyx'feex and entering on the Property to muke rcpuirs. Although Lender may take action =
<br /> ' under this paragrnph 7.Lender does not have to do so. r`�'_
<br /> , Any umounts disbuned by L.ender under this purcigraph 7 sh�il lxcome udditionul debt of Borrower�ecured by this �`=
<br /> � � Secudty Instrument. Unless Horrowcr nnd Lender ugrec ta other tcrm�of puymcnt,thesc amounts shuli bear interest from the -_
<br /> ��' date of disbutsemcnt at the Note rnte and shnll be puyablr, with intcretit,upon noticc from I.ender to Bor�ower requesting =�,
<br /> � payment. -���
<br /> 8. MortgaRe Insurance. If Lender rcquircJ mortgage imurance nz a condition of making the loan secured by this �.
<br /> Securiry Instrument,Borrower shull puy the premiums required to mi►intnin the mortguge insurnnce in effect. [f, for uny " . ' •�
<br /> � � reason, the mortg�ge imurance coverage requireJ by Leudcr iup+c+ ui cw,e, to bc: in effect, Borrawcr shaii pay the '' •��
<br /> premiumti required to obtain coverug� substuntiully rquivulent to thc mortgugr inxurance previously in effcct, ut a cost °-
<br /> � substuntially eyuivulent ta the cost to Borrower ol'thr murtgugr in,uruncc previuu+ly in effrct,from un alternute mortgage
<br /> insumr approved by Lcndcr. If substantially cyuivulcnt murtgugr inwrancc�coverage is not uvuiluble,Bnrrower shnll puy to
<br /> •� . . Lender each month n sum eyu•r�tu onc-twctfth of the yrudy mortgagc insuruncc pmmium being paid by Borcower when the
<br /> � inxurmx:e coverugc lup+ed ur ceu�ed to be in el'fect. Lender will uccrpt, u.r unJ retuin the,�p.ryment.u�a lu,�rcserve in lieu ,
<br /> oi mort�uge intiurunce. Lu,s rexrrve paymentti muy no longrr fx myuircd, ut thc option nf l.endcr,if mortgagc insurancc
<br /> . coveragc(in the umount and for thc perind thut[.ender rcyuire.)pruvidrd by un imurcr approved by Lender•rgain txcomex
<br /> ' availablc und is abtainrd.BoROwcr,hall puy the prrmium,reyuired tu rnaintain mongugr in�urunce in effect,or to providc u '
<br /> loss reserve,until thc myuirement ti�r mortguge in�ur:�nce cnd�in:►ccorduncc with any wriurn agrcrmcnt t+ctwcrn liorrowcr
<br /> . and Lender orupplicsble luw.
<br /> ' 9. Inspeciion. l.endrr or its ugent may muhr rra.onuhlc entric�uFxm anJ in,perti�ms uf thr Property. Lrnder+hull
<br /> give Borrowcr notice ut the timr��f or prior to an in+Exction.�xcif��ing ren�nnublc cau.c for thr in,�xction.
<br /> 10. Condemnntion. Thr prckecda of any awurd or cluim ti�r Ja�nagr�,dircrt or conticyucntial,in connectiun ti�ith any
<br /> , tiinFlr Famdy-•F'nnnle�7ac/p'�Jdic�inc 1'ti1POR�t 1Kti"fRl'�tEtiT�-I��idomi Cu�connt. 9�90 rp��e�?��jn ryr�r�i '
<br /> ; �aen Udn Hu,meaa Fume.Inc� i -
<br /> 1 TntlrAotl:all 1fl01F.^.:Wt�373 O MA1141B�791•tUl
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