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<br /> -��- --- perlods�hut l.ender rcq«ires. 'Rto insurnnco cnrcler provi�ing thc insur.irtcc sh�1!bc chc�scn by Boreuwer subJect tu t..cnticr�
<br /> ----- — appmvid which shall not Sae unt�eastmably wlthhetd. If Horr�wer failR to ma3ntnin wvcrugc descd6ed above,Lendcr mey�et
<br /> ---- _ -" Lendcr�s option,abtain wve�o to protest Lcndcrh dghts ln tho Praperty in t!ccnrdance with parugraph 7.
<br /> -^=�' Aii insuranra poJicta�w�d�enewutx�tia9i i�r�w-Ntattu ta t end�-r artd xl�;sll incimle s si��sxrd mort�s�cisa��s. Lst7el:r =- -
<br /> "_"":3��';� ahnll have the rlght to hold tho�loficiGS and renownl�. If l.ender rct�utrey,8orruwer shnll promgYOy givo to Lender nil recc6pts
<br /> of paid prcmlums and renewal n�xises. In the�vent nf lo�v,Bonmwer sd�!!give promps nattce to the insuraruc ca�ler ant�
<br /> s�:���r--�;;� I.ender. Lender mny mak�proof af lass if not made pmmptly by Borrawer.
<br /> __-°---�y�_��Y�— Untess Lend�er and Borrower otherwlse a�g[ee in wriifng,insurunce pIU�B�3 SJ1i1II E1C A�1}lltCtl IO ii5tOi8lItki Ui��puir of
<br /> _;y.,.=��-`;-.-� the Property dnmuged.i4'the oestoration or�e}+ait is economically feasible and[.ender� sectuity is nat Ic�sened. if tho
<br /> �f�m;-,?"�'Y,� restoratlon or repair is�ot eccrr►omically feacible or Lenderh a2curtty wonld be le5serted, the insurance ptoceeds aha�! be _
<br /> ��'x�`'�^'�� Ued to the sums�ecur�od b thia Securi Instrument,wheiher or�ot then dne,with nny excess puid to Bonowet 1P
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<br /> � r�- . ';1, Bomower obandons the Nroperty.Qr does na3 answer wtthin 30 days a rtouce from Lender thnt the insurance careter hns _.
<br /> offered to sattle a clatm,then Lender muy collect the tnsurance proceeds. Lender may use the proveeds to repnir or restane
<br /> - ".`' •� the Praperty or to pay sums secured by thIs Security Instrument,whether or not then due. Tho 30�day pedod wili be�in when
<br /> :�� : __ . J, the nouce is given. �
<br /> Untess L.ender and Homower otherwise agree In wrItin�.�ci:�aap ltsation of pmoo¢a's to principu!shuU noi extend or
<br /> � postpone the due date of ehe montE�ly paymen�c refemed to i��ac-.�c�rs 1 aer.c6 2 or clta,n�e r�te amount of the payments. If
<br /> under pur�graph 21 tEr.�8ka�pe�r es��oquired by Lettder. �arroenrer'�r�$d.R to�y iErsura�rs¢palicfes und proceeds resulting _
<br /> ' from damage to trtnx�nop�z¢y�rior cm t�te cecquisfieian sThaCl pass e�Q.eend�Qr eo ih¢extent of akte su�ns socumed by this Security -=
<br /> Instnunent imme�eate7y p,�ria�r¢o�h¢a�qmn�sn�du��. F-�
<br /> 6. Qccnpaiva�g�, 1�m2�u�4Ba�, NQa�mQ2w�¢ � �n4�n ot the Property; 1�¢a�a��¢v'� @.ee,ca A��tt&�i °:
<br /> .= ,: fi ezi_�(L�m�7ds. Bonrowea sh201�rccug►y.esaa6lisQ�.aRd�t�e��fnaprcty as Botrower's principai cesed2rtre w�ull�ici sixtgr�ys�t¢r I��__--
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<br /> :• � f.•,.. , the exetutlon of tCois�nuity dc►ste�umrt2nt and shal!cantimue to atcupy the Property as Bo�w¢p�prirtsigral uesidemce ff�A at ",,;:..
<br /> �c�,��R'}wti{:' least one year nfner tkc date of mocupancy, un�ess Lender �eerwise agrees in writing, which cQans¢�t3 shall n� be `�'
<br /> ::t�:;�,�.
<br /> +'•"%;�:_"'��+� uns�easonably withhetd,oz unless ext¢nuating cir+cwsnstances exist which um bsy�nd Borrower's control. 16orrower shalt aot �,,`.
<br /> �°`''`"}�"�` destroy,damage or impair the Propeaty,aUow the Property to deteriorate,or wmmit waste on the Pr�operty. Borrower shalt
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<br /> �:���. .;s�,:.�',, be in default if any forfeiture action or p�ing,whether civil or criminal.is begun that ia l.ender�good faith jadgmeat ,,•
<br /> �'•`'••�=�`~%�� could result in forfeiture of tha Prcnperty or otheruvise materiaDly impair the lien created by this Security Insmiment or
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<br /> ����:;;��;•.k� Lender�s security inter�est. Borrower unay cure such a default artd reinstate.as provide�in para�r�nph 18,by causing the astion �-,
<br /> . `'�"'`'°" or pmceeding to be dismissed with a niling tha�in Lender's good faith determmation,prec0e�des forfeiture of the Bomower�
<br /> , � interest in the Prope►Qy or other material impairment of the lien created by this Securiry Insmiment or Lender§ security
<br /> � � intemst. Borrower s➢naQ also be in default if �amnwer, during the loan upplication process,gave e�;icedally f�lse or =
<br /> - ineccurate information or statements to Lender lar failed to provide Lender with any mateaai informationD in connection with
<br /> � the loan evidenced by the Note, including, but not limited to. representations conceming Borrowert occupancy of the •
<br /> - ��e�t}�ac a pri�cipai residcnc:.. 4'':::s Sccu:i^;I:i.uumer.:i:::�^w!e�settold,Horroeves s!:a�!rQmpl;wish a!!the�.+mv����ne _
<br /> of the lense. lf Barm,nrer acquims fee title to the IP�;cperty,the leusehold and the fee title sha�G not merge unless Lender agmEes ,
<br /> to the merger in writirog.
<br /> 7. Protectiaa aa�I.ender's Rights in tfae f'roperty. If Borrower fails to perform the covenants and agreements
<br /> ,.,�.,:,,.�;,:� eontained in this Sece�ci�y Instrurrtiemt, or there is a legal proceeding that may signi�cantly affeet Lender's rights in the � :"
<br /> :. •;�,,.�. Propecty(such as a proceeding in Coa.^�kruptcy,probate,for condemnation or fodeiture or to eaforce laws or regutarions),eiren .
<br /> ''��•:`�'''•f Lender ma do and u for whattv�r is neces to rotect the value of the Pro rt tu:d C..nders ri htc in the Pro ec�
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<br /> ' Lender's actions may anclude paying any sums secured by a lien which hns prior.ity over the�Security InsUUmen�appeadng
<br /> in court,paying rea.�.Tnable attomeys'feex and entering on the Property to metkc repai�s.Although Lender may take nction
<br /> under this paragraph�,Lender dces not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of I3orrower secured by this �
<br /> SecarAeyr Instcument. Unless Borrower and Lender agree to other terms of payment,these amounts shsll bear interest from the
<br /> .�-r��'�� date cef disbuTSement at the Note rate and shull be payablc,with interest,upon notice from L.ender to Borrower reque�e�e�g �
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<br /> ;;�', payment.
<br /> . � 8. Mortgage Insurance. If Lender required mortgage insurance as p condition of making the loan securet!by aMis
<br /> „ Security Instrument. �orrower shall pay the premiums reyuired to maintain zhe mongage insurance in n:�f"t. If, fmr 8ny
<br /> reason. the mortgage m+urance coverage required by Lender lapses or cea,:� to t� in effect. Borrowcr shall pay the
<br /> " ' t''�+''•, remiums re uired to obtain cove.-nge substantiall e uivalrnt to the mort a e insuQac�c reviousl itt ��fect, av a �t�st
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<br /> :�,s�,,,.:.1 substantially eyuivalent to the cr,*.c.�Borrower of the mortgagc insurance ptevioust��in rJ�ct,fmm an aitemate mo�a�age ,
<br /> ' insurer npproved by Lender. If substantially equivulent mnrtgage insurancc�a���rege is not availuble.Borruwer shall pay to
<br /> Lender each month a sum eyual to one-twelfth�"t�e yearly mon=age insc�r:an:e�remium being paid by�ianower when the
<br /> � insurance coversgc lapsed or cea+ed to be in eftac:. i.¢nder will uccept,use;in.i retain the,e payments at a Imss reserve in lieu �
<br /> •„�;;�:,�., of mortgage insurance. Los� re�erve payments mu� n�lon��r he myuired,at the option of Lender,if n:urtgage insurance
<br /> ''"<�����; covera e(in the amount and f'or the riod that LenQzr r�t�i re�� rovided b an imurer a ruved b Lender a ain beromes
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<br /> avai{able and is obtained.Borrower shall psy thc pre:�iums re��uired to maintain mortga�e insurance in effect,or to pro�•ide a
<br /> ' � loss reserve,until the requircment for mortgage±r.;;�rance ends in accordance with any a•ritten agreement between Borrow•er
<br /> . and I.ender or applicable law.
<br /> 9. Inspection. Lender or it,agent n�ay :x+.+ne rea+onable cntrieti upi�n and in.pections of tha PrcaFerty. Lender shall
<br /> give Borrower notice at the time of o�prior to an inspection tipecifying reasonable cuutie for t'r,e in+pection.
<br /> �� 10. Condemnation. The proceeds of any a��ard or claim for damages,direct or r��^.�.�:;ntial,in ronnection Kitl�3ny
<br /> � Smgle Family•-Fannie Stae/�reddfr�fac L'VIF'OR�!IVtiTQC4 b9F�'0'•-l^:�+rn C�,�enant. 9/90 ryxrx�?�•f6 j�u.trei
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