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<br /> perloda thut lxstder requitce, 7?ie insumnce ec►rrier providins the insurnrtex shull be chosen by Borrower s�f zt�o Lenderb , . ;�""''�T=-� �
<br /> . • npproval which ehul l not be unreti4onably withheld. If Harrawcr f�ila ta maintuin cavcragc de�cribed utwve,Lender mny�at , � .
<br /> " ". Lenderk optlon.nht�in c�vemge to pratect[xnderk rlshts in the Property in accordance whh parugraph 7. ', o'' '.
<br /> �. ' • � All insumnro polEcles and renownls xhall t�e ucceplable to I.ender and shall include u suu►dunf mortgagc clause. Lender • - -
<br /> �hall huve the right to hald the policles nnd ronewals. If Lender rcquires,Borrawer rhnll promptly give to I.ender wll rc.ceipt� , '.
<br /> �• ' of pnid premiu�ns nnd renewul notices. In the event of lass,Borrower shall give prompt notice ta the lnsurance cartier and � �, " °� -
<br /> - � L.cndcr. l,c:ndc 7 may niukc pncwf uf luss if not ms►dc prumptty by Borroacr. ,-_
<br /> Unless Lend�r and Homower otherwitie ngree in wdting.insuranco proceeds shnll be applied to restorntfon c,r repnir of �� --
<br /> � the Property damaged, if the mstoration or reRair is economicuily feusibl� and l.endert security is not lessened. If the ' �
<br /> ' �� nstaruuon or repair fa rtot econornicnUy feei+ssible or Lenderk securlty would be lessened, the Insurance proceeds shuli be . -:. _---
<br /> ' npplied to the sums secured by this Secu�ty lnstrument, whether or nat then due, with arty excess paid to Borrower. if • �~--- -- • `�-
<br /> , ^ Bottower abandonR the Propeny. or dces not answer within 30 duys a notice from Lender thpt the insurau�ce carrier has =..
<br /> . , „ ' offered to settle a claim.then L.ender muy coAcct the insurunce pmcceds. Lendcr may use the proceeds to repair or r+estarc . "-
<br /> the Property or topay sums sscured by this Security Instrument,whether or not then due. The 30-dny period�vill begin when '�.
<br /> " the nodce is give�. "°•-
<br /> Unless I.ender and Borrower atherwise ugree in writing,uny application of proceeds to principal shall not cxtend or ' 4""'
<br /> postpone the due date of the manthly payments referred to in puru�rnphs 1 und 2 or change the amaunt of thc pnymentx. lf � ��
<br /> under paragrap2►21 the Praperty is ucquired by Lender, Borrower's right to any insurance policies and proceeds resulting E+�'"`
<br /> from damage to ihe Property prior to the acquisition shall pass to Lender to the extent of the sums secumd by this Security ' �'.�
<br /> Instcument immediately prior¢o the acquisition. '! a
<br /> 6. Occm�aacy, Sa+��err,86�n, iV�a6uatemance and Protection o�t the Pco�a�tp�; ]�mrrmwev's II.oan Appltcatimn; „ . . w`z_:
<br /> I.easeholds. �mrtovver sE�all orcupy,estab➢ish,and use the Property as Borrower's principal eesidence wi¢Q�in sixry days af¢er ��'•f`� '��'-=
<br /> • S the execution m�lhis Securiry Inseaument and shall continue to occupy the�Yoperty as Borrower's pr�nce�pal residencr for at �•� �;;. �'�'"`
<br /> �r,.,',,' teast one year aher t&�e dat¢ of occuparecy, unless I.ender otherwise m�.rees in writing, which consent sha►ZI rtnot Qse ��j •. �:, �`�,__
<br /> ;,,;:.::_�� untreasonably withheld,ar unAcs��xtenuating circumstanres exist which u.*e teyond Hcar:.��cerl control. Borro�tier.sh�91�o� ''"•- ' ,;-�� . .ji�°"
<br /> ' ;�'q destroy,damage or nrn�nanr thc�c�perty,allow lhe Pmperty[r,letoriorAte,ar commit waste on the Pc�pena}�. Boeea�ue r�hall ' � �• ='� ,';„�,,�
<br /> ��'A ';� ,�„"., be in¢tefautt if an} for�'eiture action or Qroceeding,wheth�r civil os cr.cnaml,is begun that in Lendre's s.QC<!faith ju�;ment !.:!y;'�°
<br /> • ,; �,':`���.;. cc�uld resul¢ia 1'ori�iture of the Hroperty or otherwise materiall� im�pair the lien created by this Se:�oritp laa�twnaeno vr ��:�' '�''i`•�:;�'�;n*"
<br /> �ti Lender's securec2}insErest. Borrower may cure such a defuwlt and reinstate,a:provided in paragraph 18,by caus�ng 4he actnon " �..•, 4 :)E r���)�`-
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<br /> ., or mraceed'n�g am be alismissed with a ruling that,in Lender'.goal faith determination,pmcludes for6eicur�of the�3orr��«•erl :� f� � "�>
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<br /> ier4erest in ¢ite �Pro�eriy or ot�er amaterial nmpairement of thr lien createul by t0�is Secueit� I�sicatmea�:oa Lender's securiry ;t,:,.�,�, ,-
<br /> • . `� inueres¢. �orr���er shal] als� �e in defauR eE Borrower, durin the Soa� a iicucaun �racess, ave materiall false or '� �'`���''�''•�-
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<br /> , �-�'��••;:,. �,, inaccurate ie�fa�rnatfia�n a�r stateQnenas to L.ece�es 1vr failed to provide Le���r�vQ;h any materiai information)in cotutection with ����'��'
<br /> _ _.__ the loan evide�ced bv the�ote, inctuding, but not limited to, represesetations conceming Borrower's occu�►ancy c�f the � . :–__ • �.�__
<br /> Property as a principal residence. If this Security Instrument is on a leusehold,Borrower shall comply with all the provisians � ,
<br /> of the lease. If Borrawer acquires fee title to the Property,thc leasehold und the fee title shall not merge unletis I.endcr ugrces „ i
<br /> - to the mergerin writing. _
<br /> 7. Protectlon of Lender's Rightr, in the Property. If Borrower fuils to perform thc covenantx und a�rcemcnt+
<br /> ' rnntained in this Security Instrument. or there is u IeFal prcxeeding that may �igni�c:u�tly affcct [.ender: righiy in the , �
<br /> , . Property(s��ch asa proceedin€in bankruptcy,probate,for condemnation or forfeitum or to enforcc luw.or mgulati��nr),then � ;.
<br /> Lender may do and pay for whutevcr i�nrce.sury tu protrct the vulue of the Property und Lcndrr, righh in the Pn.perty, ' - �°
<br /> I.enderl urtion�may include paying uny.um�scrured hy.�lirn whirh hu.pri<nity uvrr lhi,Sccurity lmtrumcn6 ap�xaring ' 6
<br /> � in court,payin�rea�onablc attamcys'frr.and cntcring on thr Pn�}xrty t�►mukc repain.Although l.cnder msy tukc uction i , -/�
<br /> , under this para�raph 7,LenJcr dae�nat huve to do u►. #
<br /> Any umoums disbuned by Lender under this puagraph 7 tihall txr��mc udditiona!debt<�f Bormwer+ecur�d by this
<br /> . Security[nstmrmnt. Unless Bortc�wer snd Lender agrec to othcr tcrmti uf payment,thc,c umount�tihall be:u intem�t from the
<br /> ' date of disburscmcnt at the Nute rate and�hull txx payablc,with intere�t,upon notice from I.ender ta Borrower reyuc+ting � �,�;���–~�'
<br /> payment. ,,�;-� `_
<br /> �. Mort�age Insurance. If Lender reyuimd merrtgagc insurance ati .i condition of m:�king the loan secur�d by this � `iii� �� :
<br /> • ! •• Security Instrurnrnt. Borrower shatl pay the premiums reyuired to maintain the mortgage intur:ince in effect. If,for any � ' `
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<br /> t�,;';:. reason, the mortgage insurance covers�ge reyuireJ by Lender l�p�e� or cea.e. ta lx in efFect, Bortnwcr shall pay the I , f`•=
<br /> ,'''�i'� ' premiums requ ired to obtain coverage substantially eyuivalent to the mortgage insurancr prcvioutily in effect, at a cost I � � '
<br /> ,.�;�,, substantially equivaient to the cost to Borrower of the mortgage imurance previou,ly in effect,from an altemate mortgage � �"
<br /> ,:';,.;t: insurer approvedby l.cnder. If sub«antially eyuivalent mongugc insurance roverage i.not available,Borrower shall pay to I :s:
<br /> �1;°;�i.t; Lender each mon�h a sum eyua!to one-twelfth of ihe yearly mortgxge in,urance premium being paid by Borrower Khen the �
<br /> „ insurance coveraEe iapsed or cea.ced to be in effect. Lender wilf accept,use and retain the�e payments a�a loxs re.erve in lieu � • --
<br /> of mortgage insurence. Lose mserve gaym�ntz may no longer be rcquired, ut the c�ption of Lender, if mortgage imurunce � , '`.
<br /> • coverage(in the amount and for the periad that Lender myuires)providcJ by an imurer approved by Lender again t�ecomes ;
<br /> :�!�,;.,. available and is obtained.Borrower xhall pay the premiums reyuired to maintsin mortgage imurance in effect,or to provide a �
<br /> loss reserve,un til the reyuirement for mortgage insurance ends in acrordance with uny written agrerment hetween Borcawer
<br /> and Lender a applicable law. `�
<br /> 9. Inspecfan. Lender or its a€ent may make ma�onable entric+upon and imprctions of the Propeny. Lender �hall
<br /> give Borrower nolice at the time of or prior to an inspzetion�prcifying rcasonahte cau,r tor the inxpection. •
<br /> 10. Cond�mnatimn. 'Rie proceed,of any awarJ or cluim f��r damage�,dimrt or rcm,eyucntial,in cunnertion with any
<br /> S��glc Fannly••Fannie�7ae/Freddte 1�Iac['\IFOpt�T t\tiTRI'�tEtiT•�Un�l��rni Gnenam, 9�90 �paYr�,�n�wYa•.�i
<br /> .rrat�akrn Buslnea Mwm�.1 er r
<br /> T�than t:Wl 1-BOD5.109373 C P.IX 6I&7961 t�l
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