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<br />,��• pedods thet Lender requires. 'll�c+insurance cnrrier providing the insurance xh�ll be chosen by Borrower suOJcct�o L.ender�
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<br />_ ' npproval which shall not 6e unreasonably withheld. If Barrowcr faits to mnintain covemge described nbave,Lender may.at
<br />— Lender's option.obtain covemge to protat Ixnder�dghta inth�Property in accordance with pamgmph 7.
<br />-��. All insurance poltaiea nrtd renewc�ls shail be neceptable to Lender and shali ineiude a standatd mortgttgo clause. Lendot
<br />_=— - -- ' shall have the right to hold the policies and«newals. lf Lender requfrea,�orrowcr shail pmmptly gtve w L.endcr all receipta
<br />=�� of paid premiuma and renewul notices. In the event af loga Bocrower ehalt giv�prompt notice to the insurance cutrter and
<br />-:.
<br /> �`"� Lendor. Lcnder�reay maice ptoof of loss if not made prompdy hy Borrower. _
<br /> -� -- -- �
<br />,3 Unleas I.ender and Borrower othenvise agree in wdting. Ineumnce proceeds shall be applied to reatorn►lon or repair of =
<br /> the Property damaged, if the nstorat�on or repair is economically feASible and 1.ender!�security is not Iessened. If tho
<br /> �'��� �".�A�:;�'�`• restoration or repalr Is not economically feasible or I.ender's secudty would be lessened,the insurancc prorcedg shWl be
<br /> ' -��-••��'.�� applied to tha sums secured by this Securiry Insuument. whethor or not then due. wtth any exceas pald to Barrower. If
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<br /> . Horrower abandons the Propecty.or dces not answer within 30 days a notice from Gender that the insurnnc�e cunIer has
<br /> .. �d offered to settle u claim.then Lender may coltect the insuran�e proceeds. Lender may use the proceeds to repuir or rcstare
<br /> ., ��`��'r':::�;' ��""-`,
<br /> .t;,•��.�. -. ,,,;• ;.,�; the Pr+operty or to pr�y sums secured by this Security Instrurnent.whether or not then due. The 30-day period wlll begin when __ ____ _
<br /> ,;�;�;`. ••. .. � the notice is given.
<br /> , �•� �'' Unless Lender and Borrower athenvise agree in writing.my applicadon of proceeds to pdncipal shnll nat extend or
<br /> 4 .,� °. postpone the due date of the monthly payments referred to in paragmphs 1 and 2 or change tha smount of the paymen�s. If
<br /> �: • under pazagcaph 21 the Properry [s acquired by Lender, Borrower's nght to any insurnnce policIes And proceeds resulting
<br /> �.. from dama�e to the Property pdor to the acquisition shnll pass to L.ender to the extent af the Fums secured by this Security ___.
<br /> ., • Instrument immediately prior to the acquisition. ,
<br /> 6. Occupancy, PreservaUon, Maintenance and Protection ot the Property; Borrower s I.oan Appltcation;
<br /> -------�`-�==_' L,C�ltQ[t[y, g�rrnwrr chall�ccupy:estehlish.and use the Propertv as Borrower's principal restdence within stxty duya stfter � -_ __ - -----
<br /> '" � . � • the execution of this Securfty Instrument and shall continue to occupy the Property ns Borrower c principal residence for at � =--w
<br /> ."� least one year after the date of occupancy. unless Lender otherwise agrees in writing, which consent shall not be __
<br /> unreasonably withheld, or unle.r•s extenuating circumstnnces exiu which nre beyond Borrower�control. Barower shull not ��__;_
<br /> � desuoy,damage or impair tho Property,allow the Property to deteriorate. or commlt waste on the Property. Borrower shall �-��--
<br /> � be in default if any forfeiti�re uction or praeeding,whether civil or crlminnl.is begun thut in Lender's good faith judgment ��°�__
<br /> could result in forfciture of the Piropeny or otherwise materially impair the lien created by this Security Instrument or '�' , t+r�
<br /> • L.ender's securiry interest. Borrower may cure such a default and reinstate.as provided in paro�raph 18,by causinq the action •.-�st,
<br /> . '�. _-�.-
<br /> ' or proceeding to be disrnissed with a ruling that,in Lendar�good fnith determination,precludes forfetture of the Borrower� .�.x�e;_,
<br /> [nterest in the Property ar other materint impairment of the lien cceated by this Security Instrument or Lender's securiry .•, t.-
<br /> interest. Borrower shall nlso be in default if Borrower,during the lonn upplic:ttion process, guve mnterially false or :a� ' '1-^�° .-
<br /> inaccurate information or xtatements to Lender(or failed to provtde Lender with any material information>in connection wlth . '� '
<br /> -- -- ------- ihe I�u+n evidenced bv the Note. including, but not limited to, repmsentations concerning BoROwer?s acupancy of the ���
<br /> Property as a principal residence. If this Securiry Instrument is an u leasehold.Burrower shatt compiy with nil the provisions °
<br /> �� of the lease. If Borrower acquires fee title to the Property. the leasehold and the fee title shall not mer�e unless Lender asrees
<br /> ' to the merger in writing. ,•
<br /> ' 7. Protection of Lender's Rights in the Property, If Dorrower fails to perform the covenar+ts and agreements ,
<br /> contuined in this Security Instrument,or there is a lega!proceeding that muy c��mficantly affect Lender's• rights in ihe
<br /> Property(such us a proceeding in bunkruptcy, probate,for condemnation or forteiturc or to enforce laws or rcgulations),then
<br /> Lender muy do und pay for whotcver is ncces,ary to protect thc vutue of the Praperty and Lcnder's rights in the Property. �
<br /> Lender�nctiom may include paying su�y sumti secured by a lien which has priority over this Security Instrum�nt,appeunng "
<br /> in court,payin�rru�onable attom�ys'fees and entering on thc Property to make repairs.Although Lender may tuke action � ,r�
<br /> under this parngruph 7. Lender does not huve to do so. " ���%s
<br /> Any �mounts disbuned by Lender under this para��aph 7 shuli become udditionul debt of Borrower secured by this :,�:�, 4
<br /> Security instrumen[. U nless Borrowcr und Lendcr ugrce tc�othertennti nt'payment.thesc umounts shuil Ikur interest from thc �;� ��- �
<br /> dato of disbunement ut the Nute rutc und.hull he puyrble,�vith intcrcst,upon n��ticc from L.ender to Borrower myuetiting ,"'��..•�•��
<br /> payment. �"�'`c;.''
<br /> 8. MurtRaRe Insurance. If Lendrr rrquired mongagr in.urnnce us u condition uf muking the loan secured by this �/,.�,'
<br /> Securiry Inxtrument.Borrower shall pay the premiums reyuired to muintain the monguEe in�urunce in effect. If, for uny •
<br /> rcason, the mortgage insurancr covernge rryu+red by Lencier lap�r� nr cea.es t� he in rffect. Borrower shull pay the _ _, _ ._
<br /> premiums required to obtuin coveruge xub.tantiully cyuivalem to the murtgage insurance previously in effect, at a cost
<br /> substantiully eyuivaknt to the cost tci Borraa•cr of thr mon��uge insurancc previoutily in eCfcct,from un alternatc moctgnge °
<br /> in+urer uppruved by l.ender. If suhstantiully cquivalcnt mort�age in,urance roverage i+nut uw�iluhle, Eiorrower tihull pay to ..
<br /> Lender euch month a+um equul to une•twrlfth of the yeur�y mcxt�agr insurancr premium txing p�id by Borrower when the . �
<br /> '. im��runcr������r,�ge lap�ed or ceu,ed tu t�e in etTect. Lrndenv i II acrept,u�e xnd retuin thru puyment.r•as u Ic�sx reserve in I�eu ,.
<br /> of mortgugc in.ur�ncc. l,os.rc�crvr paynxnt.may no lan��r tk reyuircd, ut thc opticm c�f Lcndrr, if murt�age insurance
<br /> roveragc(in the umouiit and for the FxrioJ that Lrndrr n�yuire.�pro�•ided hy un in.urer appro�rd by Lcnder again bccomes
<br /> uvrilablc and is obtaincd.Born�wrr+hall pa}•thc premium�rryuirrJ to muintain murtga�!c in.uruncc in effect.or to providc a
<br /> loss rescrve,until Ihc rrquimment liir mortgagc in+urtuue cnJ.in arcorJanrc w�ith uny�vrincn ugrermrnt bctwcen BcircoNer
<br /> und Lendcr or•rpplicrblc luw.
<br /> 9. Inspection, I.cnder or it.ugcnt mii} mukc na.��nahlc rntrir+up��n and im�xctium ut'thr Pruperty. Lendcr tihull
<br /> �ive Borrc�wer notice at the timc of or pric>rtu:�n in.�xrti��n+{�rcifyin�rc:t�onablr r.►u.c ti�r thr in.{xcti��n.
<br /> 10. Condemnatton. The pnKrrd+ of any uwurJ or claim ti�r damageti.dircrt ur run+rqucntial, in cemnrrtiun with any
<br /> tiinElc Faimly ••Fannle�tue%Frcddle 1Lc l\IF'OR�11\STRI'�1F.\'f••t wt��nn C���cn.mt. 9/Sq f�hfgP;n/n�urir,�
<br /> ��rca�lukM Bu+IrA Furo.tnr �
<br /> � To lMln/:u1 111W5:W879:t::YAX 1116791•�191 .
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