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<br />— K ,�� , pertods�hat Lendcr requires. 'IYtc insurance carricr provid'en�thc insurance shalS bc chosen by Borro;ecr subjcct to I.endc:.r�s �=,r_-:
<br /> npprovnl which�hall not bo unmusonably wtthheld. If Borrowcr fuils to mainwin covcm e dc�critsed ntwvc,l�endcr m�y,at
<br /> " � I.en der g ap t fon,o b t u l n coverage to pro tec t L cn der§r ig h t s in t he P r o p e rt y i n n a o x d n t t c e w�t h p a m g r a p h 7.
<br /> i� � , All insuraztcu palicics and renewuls shall be ucceptable to Lender sind sh�ll include a�tartdard mortgage cl�uso. Lcnder __
<br /> Fhnll huvc the right to hold the policies and renewals. If Lender�quires.Borrowcr shull prarnptly give to Lender uU rcccipxv
<br /> _t , of puid premfums and renewul notices. In the evr,�t of loss.Borrower ghall give pmmpt notico tu the insutonce cnrrier cutd _
<br />_ _ ��• � }� Lendar. L.ender may muke prnof af loss if not mude prompily by Borrower. �—
<br /> " Unless l.ender tutd BoTrower otherwlse agree in wrlting,insurance proceeds sh�tlt be applled to restorution or�pair of `_
<br /> '"` the P'ropeRy dmm�ged. If tha restomt[on ar repatr ts economIcally feasible and Lender�s security is not ler�sened. lf the
<br /> a� restoradon or repair is not economIcally feasible or Lender�s security would be lesserted,the insumnce proceeds shall be �,�,�..
<br /> „� applIed to the sums secured by this Security Insqumen4 whether or not tDun due. with any excesa paid to Hamnwer. If •':'=•-`_==-
<br /> ; ,.�; � Borrawer abandons the Property.ar dces not answer witt�n 30 days a notice from Lender that the insurance carrier ha5
<br /> ___.. _ . ___ ' offemd to settle a claim.then Lender may collect the Insurance proceeds. Lender may use the proceeds to reQair ar restore ��.._
<br /> . ��----•;••����' the Pmperty ar to pay sums�secured by�his Security Insuumenw whether or not then due. '!he 30day period will be�in when ��—�.*
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<br /> the notice is glven. �� ��
<br /> ����s.
<br /> ��r ���' Unless Lender und Bomnwer otherwise agrec in writing,any applicadon of pmcceds to pdncipal shall not extend or -r=-
<br />_y�l'�� :: ��; postpone the due date of the monthly payments refemed to in parugraphs I and 2 or change the a�nount of the paycnents. lf ��=.�;G:
<br />''a�:, �'' ;e,�,,��;, under pan►�aph 21 tha Property is acquired by Lender,Harower's right to any insurunce poflcles sind proceeds resulting ��_':
<br /> • ':o' `'=',�'i" from damase w the Property prior to the acquisiuon shall pass to Lender to the extent of the sums secured by this Securiry �
<br /> •�:ri'. Instrument imniediately prior to the acquisition. �`.��
<br /> ��f,,�. 6. Occupancy, Preservution, Ma�atcnance and Protectton of the Property; Borrower's I.oan Appl[cationz ,t: :"
<br /> [,w�irotds. Burrower sustt occupy.establish.end use the Property as Somowcr�principal residertce within sixty days nfter h`
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<br /> � the execution of this Secutity Insuvment at�d shaU continue to occupy th�Property us Bcrrawer� principal residence for at
<br /> "°'��`''�'�'��� least one year after the date of occupanuy, unless Le�der othenvi.se agrees in writin�, which consent shall not be ��, �.
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<br /> . unreasonably withheld,or unless extenuating circumstances exist which are beyond Bamower's control. Bamower shall not �
<br /> +''� , :�•'���._ r ` deslJOy,damage or impair the Properiy,aliow the Property to deteriorate,or commit wuste on the Property. Borrower shall '
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<br /> :,.__..�� be tn defnult if any forfeiture action or proceeding,whether civil or crirninal,is begun that in LenderS good faith judgment �i
<br /> . s���'��� '-' could result in forfeiture of the Properry or otcherwise materiaUy impair the Iten crcated by this Security In�ttument or
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<br /> ••,��'�-�?�>'.,-,� Lender's security interesG Borrower muy cure such u defnult and reinswie,as provided in paragraph !8,by causing the xtion ��
<br /> �'•' y� •�•'• ar proceediag to 6e dismissed with a niling tha�in Lender's good faith�dese�nination,precludes forfeiture of the Bvrrower�s
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<br /> �r,'�.,;,a?;� ,,. ,.;;�� ief.!erest in the Piroperty or other material impairment of the lien creat�ed by this Security Instrument or Lender's security
<br /> ' `,'�,;� ,,.�� . � � Intcrest Bo�ruwer shall also be in default if Borrower, during the loan application process. guve matcrl�tlly fatse or ,
<br /> , :l � �;; ��" inaccumte informatlon or statements to L,ender(or failed to provide Lender with any material informateon)in connection with .
<br /> � � _,�� rF?•,:., the loan evidenced by the Note. including, but not limited to. representations concernin� Bormwer's occupancy of the
<br /> �°'� {t �";'��;�i Propetty as a principa�residence. If this Secuaity Instrument is on a Ieasehold,tiorrower shall compiy w�th siU the provisions
<br /> � ''.�• of the leuse. If Borrower ucquurs fee ati�co[hh�Property,[he leasehold aad r.he fee tide shall not merge untess Lender agrees
<br /> '' :i( . to the merger in wr�ting.
<br /> � ' � �;�t. - • : ',''•ti 7. prntectton of Leader's Rtghts In the Pro�erty. If Bo�ro�ver fails to peTform the covenunts und n�reements
<br /> ' ''+'" "'"• cantained in this Securtty Instrument,or there is a le�a! proceediwg e��at may significsar►dy nffect Lender� rights in the �
<br /> � ��f �` � Property(such as a pmceeding in bankcupisy.probate,for condemriaaon or forFeiture or to enfome laws or rcguladons),then
<br /> � •��.'-Y.'� I.end�r may do�:�d pay for whatever is necessary to protect the value of 41�e Properry and Lender�rights in the Property.
<br /> •- .G f�'� �•,��.;"' Lender's acdons�na include in an sums secured b a lien which has nori over this Securit Instrument,u n
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<br /> -:=•rt�� �:::•;'�•.w�.+� in court,patiyjng reasonable attomeys'fees and entering on ihe Property to make repairs.Although Lender may teke uctian
<br /> i 1;�.J:�� �•� ' under this p�ragraph 7,Lender does not have to do so.
<br /> a, -*;p� r-� .•:M.rn Any amounu disbursed by Lender uader this paragraph 7 shall become addiuonal debt of BerrowPr secured by this
<br /> __.. •u;f•::':"•. �'`'' Security Insuumen� Unless Borrower and Le�der egree to aher terms of payment.these amounts shall bear interest from the
<br /> �; `;�; 'z '�. ..,.�� date of dIsbursement at the Note rate nnd sh�l be payable,with interest,upon notice from Lender to Barrower requesting
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<br /> "'!s?�*�^Fr� � 8. Mortgage Insuraame. If Lender required mortgage insurance as a condition of malcin�the loan Fecured by this •
<br /> ~'�'^`"^^"�•*:�^^•�" Securiry[nswmen�Botrower shaiL pay the premiums required to maintain the mortgage insurance in effect. [f. for uny
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<br /> ir:.,��'.;,, � ��.:�, reason,the mortgage inswance covernge required by Lender lapses or ceases to be in effect. Barrower shall pay the
<br /> n �;;;`.r r��' ,�. pl+emlums reyuired to obtain covetage substandally equivatent to the mortgnge insurance pmviously in effect,at u cost �
<br /> � substanti�tlly equivalent to the cost to Horrower of the mortgage insuraatce previously in effect,from an altemate mortgage
<br /> ���� •-•�,�. - � • insucer appmved by Lender. If subswnaully equivulent mortgage insur^�.nce covera�e is not availabie,Borrower shall pay to
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<br />_- - ' . Lectder each month a sum equai to oree-twelfth of the yearly mort�age insurance premium being paid by Borrower when the
<br /> _''�.�• . ' insurance coverage lapsed or censed ta be in effect. Lender�ritt accep�use suid retuin these puyments us u loss reserve in I ieu
<br /> = ••�, ;.• ° of mortgage insurance. Loss reserve payments may no longer 6e reyuired. at the option of Lender,if mortgage insurance '
<br /> coverage(in the amount and for the period that Lender requires)provided by an insurer approved by Lender ag;un becomes
<br /> � '"'' uvuiluble and is obtained.Bornower shall pay the premiums required ro mainiain mort�nge insurance in effecG or to provide a
<br /> ' - . loss reserve.uatil the requirement for mortgage insunsnce ends in accordance with any written agreement between Borrower �
<br /> I �; �, _�, ` artd L.ender or applicable law.
<br /> 11` •�r'�`. � „ � 9. Inspection Lender ot its ugent may muke reasonable entries upon und inspections of the Property. Lender shati
<br /> -� {- ` ` �ive Borrower notice at[he time of or prior to an inspecdo�i specifying reasonuble cuuse for the inspection.
<br /> 1 � . 10.Condemnattoa The proceeds of any award or claim for damages,direct or consequential,in connection with:ui��
<br /> . Single Famliy--Famte MadFYeddie Mac UNiFOAD!LTKSTRUMENT••linifoan C�renants 9f90 IpuRr,�oJApuxn� � .
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