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<br /> ::.�,,�.�l.;�:�—� ' �iczlaits ihc�t i.er►dc:rc�uirs. �tia ins�ume►cr cArrt�r pravid6rsg the lnstuanr,��hall he chosen by Boaower subject to l.endesb ,�- -- -_--,- .
<br /> -�����•`"`� � ' appmvai wh�ch shall not be unreusonably wIthheld. If 8orrower fatls to ma(ntain covernge described above,Lettder mny.at
<br /> - °"`^�1�'``•�•� l.ender'�optIon.oblain covera�e to prQtect L�nderb righte in the Property in acconlnnce with parugrnph 7. --
<br /> R�"' '• '- � All insurance policies and�+enovrals shall be accepu►bla to Lender und shull include a�tnndard mortgnge cluu.Q. Lender __ __
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<br /> -��"'�' " ahall huve the right to hold the po�lotes nnd renewtilA. If Lcnder ctiquir�es.Borrower ehull promptly give w Lender aA receipte �.
<br /> of p�fd pre:miums nnd renewal notices. In the evont of loss.@onawer shuU give prnmpt notice to the Insurance cuMer nnd �—�:.
<br /> :,�'; � l.vnder. Lender may mnke pmof of loss if not made promptly by Barrower. � -�'
<br /> '� '. Unless Lettder and Borrower athervvise agree!n writing,insurance proceeds shall be applied to restoratton or repair of _
<br /> the Property damaged,if the restorapon or repalr is economicully feusible unJ Lenderk securiey is not lesse�ed. If the �.:,- _— _
<br /> r�astarntion or r�epair is not economlcally feaslble or I.enderk securIty would be lessened.the inaucwtce proceeda shall be
<br /> ,, applied ta the suma secuc�ed by this Secur[ry Insuument,whether or not then due,with any excess paid to Borrower. If
<br /> Burcower abandons the Property.or dces not anawer wlthi�30 days a notice from L.ender that the insurance carrier has
<br /> " offe�d to settle a claim,then Lender may wllect the insurance ptoceeds• Lender may use the proceeds to repair or i+estore
<br /> the Propeny or to pay sams secured by this Secudty Irtstrument,whether or not then due. The 30�day period will begin wh:en —__
<br /> � the notice is given. _-__
<br /> • Unless Lender a�d @�ozrc�wer otherwise agme in wdting,any application of proceeds to principal shall not extend ar
<br /> " postpone the due d'.ate of ttte�no�.ttd,g�payments rBfemed to In paragraphs 1 and 2 or chan$e tl�e amount of the pay�nents. �f Y..
<br /> • under paeagrap?e 21 tc�e�perty es a.cquired by I.ender,Borroc�rer�right to eny insurance�olicEes and praceeds resrtlti.t�g ___
<br /> � � from dart�age to tl2e�v�erty prinr to tfte acquisitivn sitall�Sass r.o Lecrder to the extent of tite sums secared Gy tltis Securitry —
<br /> � tnst�um.e�e immc�deately prior to the acquisldon. --_-
<br /> Gr. 4Dsew�s5�, ��serva¢Ion, Matnter�encv� a�d IF'c�EmrtEaac a£� t�e �a�erty; Borrower's I.�n�+ m�pUcaHon; ��-� ._ -
<br />. A,¢a�s2C�aCcfls, �orrower shall occupy,esteblish.and use the Ptopercy as Boxrawer.:s principal restdence within sixry days after ,A,�SZ;�r�-T
<br /> the execution oF this Securiry Instniment and shall continue to cxcupy ttte Ptoperty as Borrowerk ptincipul residence for at �;_
<br /> least one yc:�r after the date of occupancy. unless I.ender ati�rv�ise agrees in writing, which consent shall not be �±,���,_
<br /> unreasonabtq withheld,or unless eztenuaung circumstances exist which ate beyond Borrower's control. Borrower shall not �....
<br /> � destroy,damage ar impair the Property,allow the Propecty to deteriorate.or commit waste on the Praperty. Borrower shall .::�-__.
<br /> :;, be in default if any forfeiture action or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment ,�._ - -
<br /> � could tesult in forfeiture of the Property or otherwis� materially impair the lien created by this Security Instrument or _�
<br /> • ' Lender s security interest. Borrower may cure such a default and reinstate.as provided in paragraph 18,by causing t he acuon _�'�
<br /> '• ,�� � or proceeding to be dismissed with a ruling that,in Lender's good faith determination,precludes farfeiture of the Bomower!s �.�;�_
<br /> , ' interest in the Properry or other materiul impairment of the lien created by this Securiry Inst�ument or I.ender'� securiry �K� _ �
<br /> interest. Borrower shall also be in default if Barrower. during che loan application process, gave materially false or �..r,,�;;�.--
<br /> inaccurate information or statements to Lender(or failed to provide Lender with any material infortnation)in connecrion with ��.
<br /> . the loan evidenced by the Note. inciuding, but not limiteci io, ICYIC�GtIWtiUllj conctr:�iag Sorro�:er� ocLUga."•cy flf ihe �'�'�r
<br /> Property as a principaf residence. If this Security Instrument is on a leasehold,Borrower shall comply with all the provisions �.�"��;;;,
<br /> • of the lease. [f Borrower acyuires fee title to the Property,the leasehold aad the fee title shall not merge unless L.ender agrees •���,;�.;�_
<br /> .. � to the merger in writing. �� ���;:�;;;
<br /> ' 7. Protecttan of Il.ender's R[ghts in the Property. If Borrower fails to perform the covenants and agreements ��,�;;.•,� „
<br /> contained in this Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in the �, ___
<br /> Property(such as a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce Iaws or regulations),then �;; �
<br /> I.ender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. �" -�
<br /> Lendetk actions may include paying uny sums secur�ed by a lien which has priority over this Security Instrument,appearing ��
<br /> in coun,paying reaconable atromeys'fe�s nnd entering on the Piropeny to make repairs.Although I.ender may take action b:�
<br /> under this pam�raph 7,Lenderdces not have to do so. "�"�''°
<br /> � Any amounts disbuned by Lender under this puragr.►ph 7 shail become additionnl debt of Borcower secured by this :��__�,
<br /> Security Instrument. Unless Borrower and I.ender agree to other terms of payment,these umounts shail bear interest from the , •'i='_"•
<br /> ��.
<br /> date of dishursement at the Note rnte and shup be payable,with interest,upon notice from Lendcr to Bonower requesting •s�•--_
<br /> f�.
<br /> payment.
<br /> . 8. Martgage Insurance. If L.ender required mortgage insurance as a condition of making the loan secured by this ��_
<br /> � Security Instrutnent. Borcower shall pay the premiums required to maintain the mongage insurance in effect. If, for any ;.
<br /> • reason, the mortgage insurnnce coverage required by Lender lapses or cei�ses to be in effect. Borrower shall pay the -':• . . .
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<br /> �`'�'; ' premiumti required to obtain coverage substantially eyuivalent to the mortgage insurance previausly in effect, at a cost },; • .
<br /> ,;•.�...' substantiailly eyuivalent to the cost to Rorrower uf the mortgage insurance pmviously in effect,from an alternate mortgAge =: ,: �.��� •
<br /> . insurer approved by Lender. If substantially eyuivalent mortgage in,urance coverage is not n��ailable.Borrower shall pay to , ",;:��.Sr''-.
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<br /> � Lender earh month a+um eyual to ottc-t��rlfth of the yeariy mu�tg:�gc intiuranrc prcmium being paid by Botu�wer when the ` •�����;,�,
<br /> � insurance co�•erage lupsed�r ceased to be in effect. Lender will accept.u+e and rctain the+e payment�ae a loss re�erve in l ieu , . . '
<br /> of mortguge iresurance. Losx reserve payments may no longer be reyuin�. at the option of Lender.if mortgage insurance
<br /> , coverage(in the amount and for the periai that Lender rcyuircs)provided by�n insurer approved by Lender again t+ecomes
<br /> . a�•ailable and i�obtained.Born�wer�chalt pay the premiumti myuircd to muintain murtgagz in.urance in effect,or to provide a
<br /> � , loss reserve,until the reyuirement tur ra:xtgage insurance rnds in arcord:�nrr Nith any w�ritten agreement between Borroa•er
<br /> ' � and Lender or applirahle law.
<br /> ''�" 9. Inspection. LenJer or it,agent ma� m.,:[.�cea�onablr cntrir. upon xrd in.pectiun.of thr Property. Lender shall ,�,
<br /> ,' give Borrower noticc at the time of or priorro an eR.�e;uon.�xrif�•ing rea+onahl.�wu.e fi�r thr in+Exction. ;;
<br /> '' 10. Cundemnation. The prorced.of am a�zar�t or rlaim ti�r damage..direct or ronxyurntial,in connertiun u•ith am s,,, '
<br /> S�ngle Fam�l� .4���nie\tae P'reddie�tacl b�FGAR�t l��l'Rl��1F:\T�•l�mt�•m�Cr.enam. 9:90 ip,�er?olnp,v,�•, i .
<br /> i.,r,i�IWe.Bu��ne.e.Fam.Inc � ,
<br /> T.���rtYr�'s9 18111AS�4Y3A9_ RtSri:��-7�t.�•;
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