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'! ,� :IS:ir�.`i�L�^' . . ♦fil , G„' ' _ <br /> . � ...._ .r�_ . , iY+..+�wiWr�.w. .� -� , ._ )q5..tca]. . . .. • . . _,. � — <br /> _ •. ,,;.y..... . .. - . ,_._.1.•—...s.+.�.�.�./t�.-.w•- <br /> � . �� . <br /> `I. :��r.,. i . ..:x+..ua�+.css.y+�Qcittvr.�.•� I <br /> . �— , �i . . . '. <br /> ���. , i: ' .. , ,.... .. .. . . ��r-:� <br /> � , t <br /> • �__ - •---•--- -�-- -_ .�;_a_.= -: <br /> ----------�-�-----�--�---.. .. _. ..... . . .. ..�_� - � <br /> 4,,,,, - <br /> •-�TSFIC:.wi�r1a��iu�..��— <br /> .. '-�.3��!4:y'•y� ' �'.'.'.�*�;''��'+T%,r...v'-' <br /> . ..�.._`.[ 4� ;•,+�`„',.�:.n'ti�: :=-- . <br /> ..���:•tic;t�_ ' pertoda that i.ender requires. The insucance carrier providing the insurance shall be chosen�y Horro��A���nder�s ._:��,,��;.:,W,. <br /> �„�;�a� „,, ,'" upprovul whlch shall rtot be unreasonably witlatteld. If Borrower fails to maintain cover�ge descritsed above.Lender may,at ' ' • � � <br /> = ' Lender'a option,obtain coverage to protect Lender�dghts in the Property in accordance with paragraph 7. 'f� ,��'``�'���"'""�T`"��` <br /> - All insurance policies and renewals shall be acceptnble to i.ender and shall include a standard mortgage clause. Lender � •. � <br /> -- • ahall have the right w hold the policies und renewals. If L.ender requins,Borrower shall promptly give to Lender all receipts ' . • ,'<s.�<�;. <br /> � of paid premiums and renewal notices. 1�the event og loss,Borrower shall give prompt notice to the insurance canier and - • '' <br /> x�'�'�'"; -'`�"��� Lender. Lender may make proof of loss if not made promptly by Borrower. ° ' ' ' �`��:�. <br /> . Unless Lender and Borrower othenvise agreE in writing,insurance proceeds shall be applied to restoration or repatr af ^ � ;' - <br /> � J � the Properiy damaged, if the restoration or repair is economically feasible and Lender's secutity is not lessened. !f the ( ..' " ., <br /> -- � , '• restoration or repair is aot economically feasible or L.ender's secur+ry would be lessened,the insurance proceeds ahnll t� L. ' ° <br /> ._ . ___ a��tie�to the cums r.ecured by this Securiry Instrumen�whefiher or nat then due,with any excess paid to Barrawer. If " � ° _ <br /> . �orrowex abar.�c,�s the Property, or does rtot ansv�er wi.tixin�ii d�ys a nottce from I.ender that the insurance carrier has s' = <br /> �• ofr�ere�to sett[e�.�aim,then Letzd.er may coliect cite insurauce pnoceeds. Lender may use.the proc:ecds to repair or r+estare , . '� <br /> the Ptvg►eccy or co�ny�ums sec�by this Sec�rity insuvment,whether mr not then due. The 34dny periad will begin when . . %;""� <br /> �� ` the ttotiae is�ivea. ' f' �'� <br /> Unless Lender and Somowes odterwRSe agree in writing, any application of proceeds to principal shall not extend or <br /> postpone the due date of the monthly payments refemed to in paragraphs 1 and 2 or change the amount of the payments. If • <br /> under paragraph 21 the Prnperty is acquired by Lender, Borcower�s right to any insurance policies and pmceeds oesultiag •• . � . � ' . <br /> from demase to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security ' • . <br /> � . Insuument immediately prior to the acquisition. „ <br /> " ° 6. Orcupuncy, Pr+eservation, Maintenartce and Protection of the Property; Borrower's l.oan Applicatiom, ° • . <br /> . � l.easeholds. Borrower shnll occupy,e�tabli+h,und utie the Property ac Borrower�pnncipul residenee within sixry days after - - <br /> - the exerutian of thih Security tnstrument and r:hall cnntinue to occupy tfie Property us Harrower's principul nsidence for at . � <br /> leust one yeur after the dnte of occupuncy, un16,� Lender otherwi.e agrces in writing, wh:ch consent tihAll not be �, ., <br /> ' unreusonably withheld.or unlesy extenuuting circum*t�nccs cxizt which ure bcyond BorrowerS control. Bormwer�hull not - <br /> � destroy.dumuge ar impuir tfi�Praperty,uil��w thc Praperty to detcriorate,or commit w��stc on thc Propeny. Burrower shull + <br /> fx:in defuult if any forfeitum actian ar prcxeeding,whether civil or crtminul,is begun thut in Lender?�goad faith judgmem • <br /> �� could result in forfeiture of thc Propcny nr othcrwise materiully impuir the licn creuted by this 5ecurity Inxtrument or • � <br /> ' • l.enderk security intercst. Borrower muy cure tiuch u deluult and reinstate,us provided in purugrnph 18,by causins the uction <br /> , , or proceeding w be dismissed wEth u ruling thut,in Lenderk goa!faith determination,precludes forfeiture af the Bornower's • <br /> � interest in the Propecty or other material impuirment af the lien created by this Security Instrurnent or Lender�security � ;;;' <br /> � ' . interest. Borrower shall also be in defnuit if Borrower, du�-ing the loan upplication proeesc, gave materiuUy false or ` � :yl.. <br /> inaccurxte informaGon or statements to Lender(or faited to provide Lender with any material infortnation)in connection with ( ,f.. '� <br /> the loan evidenced by the Note. including,but not Iimited to, representations conceming Borrower� occupancy of the �•. . ,� <br /> Property as a principal residence. If this Security Instniment is on a leasehold,Borrower shall comply with all the provision� „ , q �� <br /> of the lease. i�lsormwer acquirts fee titie to the Property,[he ieasenoid and ine�ee iitie�haii noi naergC w,iC�a t.cr�uc�ag�cc� ��_�-_=-- <br /> to the merger in writing. <br /> 7. I�a�II�B�n �ff I.�maE�r's Righ3s nn 3Q�e Pro�eu�sy. IIf Borrov�,•er f:►il� ta�perForm the covenants and agreements , � <br /> ,� contained in this Security Insw¢esent,or there is a l�gal proceeding tE�at mnc s�gna�cantly affect Lender's rights in the : � ,:. d1 <br /> Progerty(s¢cFe as a proceec7it�g in 6unhruptcy,probate,foff condemnation or forfeiture a�to enforee Iaws or regulations),then t����� � �� <br /> , Lertder may do amd pay for whatever is nece..ary to�rotect the value of tht Property and Lender's rights in the Property. :' ������ <br /> Y P Y 8 Y Y P Y 9 PPe € ."'W s. <br /> • LeRder's actions ana include a in an sums secured b a lien whirh i�a� riorit over this Secu�rit Instrument,a arin . „•� <br /> � . in court, a in reasonable attome s'fees nnd enterin on the Pro rt} to make re airs. Althou �Lender ma take action � f�'� <br /> P Y 8 Y � Pe P 8 Y ` . �� <br /> uader this paragrap h 7,Len der does not have to do so. •• r <br /> . Any amounts disbursed by Lender under this pararraph 7 shall become udditional debt of Bortnwer securec!fiy this � . �, <br /> � Security Instrument. Unless Sorrower and Lender agme to uther term�of payment,these umounts�hal!bear interest fac�m the j� ',� <br /> � date of disbursement at the P1ote rate and shalt be payAble,with interest,upon notice from Lender to Borrox•er requesting ! � „ , � <br /> • , payment. � • �;;.. i., <br /> S. Mortgage Insurance. If Lender required mortgagc insurance :�<a condition of mal:ing the loan secured by thix � �`" <br /> :�`�(�:� S e curity Inswment.Bonower s ha l l pay t he premiums require d to maimtain t he mc�rtgage insuranct in e f fec t. i f,for any • • . <br /> ���� ='4 reason, the mortgage insurancr coverage reyuired by Lender I�pses or cease. to be �n effect. Borrower shal! pay the �•;;'�'>�. . <br /> ��'�,i��� remiums re uired to obtain covera e substantiall e uivalent to the mon�a�e in�urance mvious! in effect, ut a cost ` d�- . ' <br /> P Q S Y 4 t � P Y � ( '•'" <br /> substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,(rom an alternute mortgage � �•�''� ' <br /> insurer approved by Lender. If substuntially cyuivalent mongage in�urance coverage ix not available, Borrower shall pay to „ ' • <br /> Lender each month a sum equal to one-twelfth of the yearly mortga€e insurance pmmium being paid by Borrower when the �� , <br /> � insurance covernge lapsed or ceased to he in effect. Lender will uccept,use:uid retain th�+e payment,as a loss reserve in lieu i ' .. <br /> � of mortgage insurance. Loss reserve payments may nu longer be required, at the option of Lencier, if mortgage insurance <br /> " coverage(in the amount and for the period that Lcndcr reyuimti)provideJ by:ui insurrr appruved by Lender again berometi �� <br /> � , �:� available and is obtained.Borcower shull puy the premiums reyuired to maintain mortgage in�urance in effect,or to provide u ( <br /> � , ' loss r�eserve,until the mquirement for mortgage insurance ends in urcord.mce with any written agrcement hetween Borrower <br /> ' �r�"' �• and Lender or applicable luw. • <br /> �`''� • ' 9. Inspection. Lender or its agent may make reasonablc entrie� upon and in,pections uf the Property. Lender shall , <br /> give Borrower notice at the time of or prior to an impection specifying reuson:tble ruuse for the inspection. <br /> . 10. Condemnation. The pmceeds of any award or claim for damage.,dirert or ron�eyucntial,in connection with any ; <br /> . � <br /> S�nglc�amly•-Fann1e:11adFreddle�fucl�tilF<)dt�tlNtiTRG�iF:NT•-l'mfomi('u�rn:Mt+ 9/90 �p�.¢rtufn�wx.•.v I ' <br /> � �irai Wc�Bulness FaTM+.Inr-� � <br /> To�u+1n WI�fA00S7D9383 O FAE 81f4791•1131 � � <br /> .. � � • <br /> . � . � <br /> , _ �� <br /> :'�'� s�� ' � � . � .. . " <br /> �. � � � , <br /> .1: ' , ,�;��,,` .'' ' . ;'�• . , <br /> ; <br /> � �_ _ � <br />