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<br />- .��.._�,��..��«.�� . 94-10��2
<br /> ' ��{���� periods that Lender requlces. The Insurance curdcr provlding the insurunce s4�u11 mo chosen by 8orrower�ubject to nderb
<br /> =-- — ' nppmvnl whlch shall not be unrettsonubly withheld. IQ Botrower fails to muintain coven�age deRCdbed abovo,Lender may.nt
<br /> �---�------�— ' l.endert�optIon,obtaln covecage ta pmcect l.ender's dghte!n the Property 1n acrar�dance with parugmph�.
<br /> All insuranco policies a�td renewnis shall bo acceptable to Lender end ahell include a standaM mortgugo clauso. l.ender
<br /> shail havo the dght to hold the policies and tier.ewula. !f Lender requires.Borcawer sha/l pmmptly give ta Lender all ceceipts
<br />-` - � of paid premiumR and rcnewal not�ces. In tha event of toss.Hotrowet shnll give prompt n�tice w the ineurance carrier ond
<br /> ,_.
<br /> �� _____ Lender. Lender may make proof of loss if not made promp y y Bdnower.
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<br /> -- UNess L.ender and Borrawer othenvise agree in wtlting,inaurance proceeds sh�il be applied ta reatoration ar rcpair of -- -
<br /> '� tha Prop damaged,if the reatorati+on or rEpair is economicapy feasible and 4snderb srcudty !s not lessened. If the
<br /> � reataratl n or repnir is not economlcally fensibls ar L.enderk secur�ry would be lessened, the insumnce proceeds ahall be —
<br /> applied to the suma secured by thia Secudty Instrument,vihether or not then due,w�th eny excoas patd to Borrower. If
<br /> Y �oaower abundons the Property. or does not answer within 30 days a nodce from:..ender that the insurnnce carrter has
<br /> • ��;,- a ..
<br /> � , , � offered to settle a clsim.then Lender may callect the irsurancc proceeds. I.�nder may uae the proceeds to repair or restore _
<br /> ^'. ;+��� the Pmperty or to pay sums secw�d by this Secudty Insuument,whether or not then due. The 30-day period wiil begin when � __ _ . ____ �
<br /> ,�'r�;i�t�,., the notice is given.
<br /> •��'""• � "? Unlesa Lender und Horrower o t herw ise ogt�ee In w dt ing,any app l ica t Ion o f proc e e ds to p r tnc ipa l s h a l l no t ex t en d or
<br /> J'•r�;.±:;'y�;'r,�}'�q
<br /> . ,., . . : postpone the due date of the monthly paymants referred ta In paragraphs 1 and 2 archange the amount of the payn�ents. If
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<br /> 3�.:�''"�' �. `,��'"'.`; ;� under paragraph 21 the PropeRy Is acquired by Lender,Bormwer�s ri�ht to any imurance policies and proceeds resulting —
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<br /> y;;,,,..,, ., , from damage to the Property pdar ro the acquisitton ehall pass to Lender to the extent of thv sums secured by thIs Securiry _
<br /> n.., .. : ,j,...� Inauument immedtately prlor to the acquisltion. _ —
<br /> '��'� � � �� 6. Occupancy, Preservation, Maintenance and Protectlon of the Property; Borrower's Loan Applicat[on; _--
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<br /> ' • `•�• �_ I.easeholda Borrower ahatl occupy,estublish,and use the Property as Borrower`s principe! restdence within stxty deys sfier — -
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<br /> —� ��� iltC CAC�YUWI u�iltW Sr.�:Y�tly ItlailUfit2lil 8ila SI13II G63iZIl11iC Z8 OCCiIj3f 2�iC Cf'BpCi'i'�1S Borsou:cr�grincipst residencc for at
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<br /> leaxt one year after �tte date of occupuncy, unless Lender otherwise agrees n wridng, which consent shall nat be
<br /> � . ° �" unmaFOnebly withheid.or untess eztenuating circumstances exist whIch are beyond Borrowerk control. Borrower shall not v��:.: -
<br /> 3 ° � deatroy.damage ar impair the Ptoperty,allow the Propetty to detertorate,or comrnit waste an the Ptoperty. Borrower shall ���;�� —
<br /> • • be in default if any forfeiture action or proceedin�,whether civil or cdminel. Is begun that !n Lender�s good fa[th judgment ��--.
<br /> could result in forfeiture of the Property or othenvise mater�ally impair the lien created by this Security Instrument or ,��.�
<br /> " ' l.enderk security interest. Borrower may cure such a default and�fnstate,a.c prov ided in paragraph 18,by causing the actton :fi�*�'�
<br /> ° or proceeding to be dismissed with a rulin�that,in Lender's good faith detertnination,precludes forfeiture of the Borrowerk �� '�+.r,-
<br /> ' lnterest in the Property or other material impaircrnent of the lien created by this Securiry Instrument or Lender�s secudry �+
<br /> interest. Borrowcr shsil niso be in default if Barrower. durin� the loun npplicetion praesti. gave materfully false or '�x �"�•:°r�—
<br /> ' , inaccurare information or statemente to l.ender(ar failed to provide Lender with any matedal information)in can��ection with .� , F�
<br /> � the loan evIdenced by the Note, including. but not limited to, representations conceming Borrower!s occupAncy of the � .
<br /> Yroperty as a principa( residence. If titis Security Inattutt�ui is uu a leusriwtd.SurtuwG�ahaii wtlipiy wii11 niI iitc piuvialutt:�
<br /> , af thc lea,e. If Borrowcr acquires fee tttie to the Property,the lea.sehold and the fee title shall not merge unless I.ender agmes
<br /> , • ta the mer�er in writing. � .
<br /> 7. Protection ot l.ender•s RighR4 in the Property. If Borrower fails to perfortn the covenants nnd a�cements „ .
<br /> • contained in this Security Instrument.or ther+e is a legal praceeding that muy significantly affect Lender's rights in the �
<br /> Propecty(such as a proceedin�in bankruptcy,probute, for condemnation or forfeit urc or to enfaree laws or regulattons),then
<br /> � � � '' Lender may do und psiy IU!N'(IBIt'VC� 11 I1CCC11q1y IU jJ1UICC(IIIC VUIUC UI ti�� n.��xiiy ani Ix�i�tcr a iigid.iti ti',� Pro�.ry. --�-`�--'_;
<br /> � Lender's actions may include paying+iny xums securcd by a lien which hax priority over thiti Security lnstrument.appearIng �
<br /> in caurt,puying ren.wnnble attomeys'fees und entering on the Property to muke rep�trs.Although Lender may tcike action "
<br /> under this parngruph 7.Lcnder does not have to da�o, ��
<br /> � Any umounts disbuned by L.ender undcr this purngrUph 7 rhull�come uddi�iunul debt af Borrower secured by this •• ° ti
<br /> Security Instrument. CJnless Bormwer und Lendcr agrer to other tcrmx of payment.these umaunt.r•+hall beur interest from thc � � �
<br /> date of disbursement nt thc Notc rutc und shull bc payublc, with intcrest,upan natice from 1.ender lo Borrowcr rcquesting ..��-�._
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<br /> puymgent.MortRage I�surance. If l.ender rcquired monguge insuruncc uti u candition of muking the loan secured by this r,%���,;,s,"��`
<br /> Security [nstrument,Borrower xhall puy the premiums required to maintuin tix: mortgage inwrunce in effect. If.for any �
<br /> reaxon, the mortgugc insurunce coverngc myuired by Lendcr lapx�s or ccaur tu be in cftect, Borrower shall pay the _
<br /> ` ' remiums rc uired w obtuin coveru•c xubxtuntiall c uivalrnt to the mon•a� inwrance nvioust m effect, ut a cost " �- � -
<br /> .. p ey b Y 4 E� B' P ' Y � �
<br /> substantially equivulent to the cost to Borrc�wer of�he mnn�uge insurunce pmviou�ly in effect,from un ultemute mortguge
<br /> insurcr upproved by Lcnder. lf.ubstantially cyuivalent monguge in,urunrr ruvervEc i�nut uvuiluble,Bnrruwer�hall puy to ,,.
<br /> Lendcr euch month u sum eyuul to onc-iwcit'th of the yearly mortguge in.uruncc�rcmium lxing paid by Borcower when the �
<br /> • � insurance coveruge lupsed or rersed to tx in effect. Lenckr will uccept,use and rctain thac puyment.u�u lozs m�rrve in lieu , .
<br /> uf mort�!ugr imurancc. La�+ m.crve p��ymcntti may no lungcr tx reyuired,ut ihc option cif Lcndcr,if mvrtgugc insuruncc •
<br /> coveruge(in thc umcwnt and for the period thut I_cndcr myuirc,)provided My an i nsurrr approved My Lender ngain becomes
<br /> uvuiluble und is ubtuincd.Bnrmwcr shull pay thc premiu�m requircd to m�intuin nuxt�u�c imurancc in effcct.or to provide u
<br /> loss reserve,until the requirerncnt for mortgagr inwranrc ends in ucenrdunre with;my wnttrn�grremcnt tx:twcen Borrower
<br /> und Lendcr��r applirublc luw.
<br /> 9. Impection. I.cndcr or its agcnt may makc r�a�onublr rntrir. up�m und in+�ciionti c�f thr ProExrty. Lrndcr shall
<br /> give Borrower noticc ut tlk time of or pric�r to an in,�xction.Fxrifying reu�onahle cau.� tiir thr imExrtion. `
<br /> 10. Condemnution. The prcxeed�of uny award or claim fiir damuge�,dircrt or con+eyurntial,in ronnrrtion with any I
<br /> Sinpk F:unily-•F'xnnie�1ne/6Yeddie�tuc l'�IFf1N�t I\�'I'Itl'�1h:\7•• l�Mlunn c'u�en,mt. 9/90 q���k�•?��Jn�wars�
<br /> crc.0 U�krn Bminw Ma+n�.Inc.■ I
<br /> To�kdrc Call faNiP6:1U9993 1 I PAR N167N1-t171 � �
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