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<br /> _ �:.. �..:.�-_=�-,�: ' � ��t�at I�r r°� '1'4�8 i�n��er�a�idia�the ias�ce shaU b�c�sen by Barmw�r sub�x to�rs�r� . ---- ---
<br /> _ - � �appro�ral�wtuch shall aAt be mu�easaa�a6iy w�hheld. �Bmm�vrer�s to m3intaiu cflverage d�en'b�d abov�Lender caay.r.t _ <
<br /> --- :�' iteader�agtio�.abmia a�verage ta�u+at,eFt Lertder`�rights Li che Ptoperty tn acca��ce vnih par,agruph 7. . "
<br /> � ��';�.z t. ' � . , o�i}�tsura3dc�palis�s r.n��gr`ats sha]!6e�piable to Le�tdet and shali inciude a stundard murtgage claase. E.euder , _ __ _ _
<br /> --- - shall Isave the.r�g�t to haTd dte policies artd�enewals. If Lead�r�equtres,Boaowar s�alf'P�P�Y 9te to Leader ali m.c�ipts� . .�. - -
<br /> _ '� of paidptpaiim�s and teaeaa!aotices. In the eveat of ttrss,Bolrower shall give prompt notioe t4 tha ic�st�r�,ce caa�te�und , - ------
<br /> :� `_¢:��.�i. .. � • Lender. t:ender7aay make prom�of tass'�r aot made ptampttY lil+Boaaa+er. ' � . •, = - -- _
<br /> :�, ,�• Unf�ss Lender aad.Boa�ver iqtheiwisQ agc�e in writu�.insuraaze prnceEds shall be agplied to restorat�on br tegair af , m
<br /> . ,r.,. � _.- . _. the P;mgetty darnaged,if the testaratia$or,iegair is etoaomi�lly feasilrie and Lend�r§s�surity is not lesseaed. if tts� �` - -
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<br /> �•' � �e.storatioa or repair is uot ermnoulica�dy�asi�le or i.eader•s secunTy r'vauld 6e Iessened,the uns'�pmceeds shall be t �'�, -
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<br /> , aPFtied�to ti�e surtts secur2�hp this See�rity I�tum�►t.erhethe�or rtat thea due,wilh a�y eatc�.i paiai to Eonnwer_ If ' � � � - .
<br /> 3' � ' Sosm�rer a6andons the Pmpeity,or does aot ansvrer wutn�n 30 d�ys a natice froth Lea�er d�at the insvtancs carrier IIas , `� _ ���� ;.
<br /> :�,'}.-�.:. ' -�� �offered w settle a clsim.then L.en�ma1►collect tke irLSUrance pmceeds. Lender ma ase the to a�or reswre . �_= _
<br /> _ � suran Y P�� � ��,_a��' '�
<br /> � ,`'•:ti f ' t�e PEaperty or to Qay sums sPCVred by this Security 1as�ument,whetlter or not t6en dt�. Tfce 30-day penod fn+ill 6egin wAen .� � -
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<br /> ��-�. , �th�a.utice is given� ' � � ' `�'� � -
<br /> ' '`��`� Uniess Lender and$orrocver otheruyise ag�ia wtiting,any application of proceeds to principal shall aot extead m .�
<br /> �.t s;:�;r4:.r:a ���thc due date of the monthly payments nefezied w ia parag�aphs i and 2 or change tfte amonnt of the paymeuts. If �`��-- -
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<br /> t�.�;r r � ar.dea pazagraph.21 tlie Fmpeaiy is acquin;d By Lender.Bormwer�s agtu w any'iasurante po�tcies ac�d pmceeds cesWting . ,.,, � -_-
<br /> a: •.a�•�� &utv•damage to the PraPert3+Prior ta ths acqmsitiun s6all pass to l�ader to the extent af the sums secuned by shis Security �:�. �
<br /> ,��' ,: '�" Insln�enrim�ediately privr w the acqnisition. � :�: u ,�=-
<br /> ��•�-f : :, •,. [ �pca�Qaa�y, �e�servat�oa, tt+laa�tena�� and Prot�tfon of�e �p2riy; Ba�awer.'s l.oan Appl�cattan; , --
<br /> — _ � "�U;?u.:�. Leasehottla. Bormwea sT�aU occupy,�sta6lish,an@ nasr the Fragerty as Bormwer�pfittcipal residence'arithin sixty days after °:;`':+Y, ---
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<br /> � 'j "' n the execataQn af dris Securi tn��t aad shaII cani�e to accapy the Pmgerty as Borrower's principal residence far at Yz '�'
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<br /> �- k,' 1 '� ieast one:�r a�r the da e of occu,pancy, anless l.ender othes�vise ag�ees in v«iting, which conse� shall �nat be : .�- t .
<br /> :`�s. ., �� .� u�easar.:�ij�:;p,-=��v1,or untess extenuaung cn�u�sta�rces exist which are beyond Bormwer's control. Hmrower shal!not ^.t,.., _;,
<br /> =,,?�''�i:;. •.� desuoy.d���oritapair the Prapetty,altow ttte�aperty W deterioraie orcommit waste on the Properiy. Borrnwer shall `.�"� .�;-�-
<br /> - �,_-- �:.::�;= 6e in defasttt ff any forfeiture action or pmceeding,.vhether civ�or�fil, .`��''��`'.
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<br /> � ._:: �,; ,>' is t�gua that in I.ender's good faith u t •_-;�,,,�.--:_-
<br /> . s '_ . �'�� �.....---�---conW c�.svai;in forfeiture of��tlte or-0lhe�wise�cnateriall _. . tlte-]�en.-cs+eated.b �is.Securi Insenuxtdenio�_._.__.---.-.-- �
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<br /> c�e. i'mpetty� Y�P�-� � Y $!�, � t
<br /> � r Lender��aairity interest Barrower m,ay ciue such a default and reinstate,as provided in pacagraph 18,by causmg tke action _ -
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<br /> ;y.:�.:;�°;, ,. � � or pma0ei�dg to be dismissed wit6 a iuling thai,in Lender's good faith deteimination,P�eci�.�es forfeiUUe of the Borrower's � �� __
<br /> �•�;'` •,-•4.' '� `- ' i�terest um the Froperty or other materIal.impainn�atu of the lien created by this Seauify YIDS�huraent or Lentler's security . ` _
<br /> ��'��'_�•`'.' �_'�:: , jnteres� Bomawer shall also 6e in default if f3u-�mwer, during the loan applii:s�a pracess,gave materi a l ly f a l s e or ,� -,`.:,�;�` •�---
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<br /> asu �. . . . 14tTCCl[{$�E.'ti1�OTtI18Il0Il OI Sl�f2Ji1CAL5[O L�t1S1Ei(OI G.�Cd LO�1POV1dE�Ri1dCf WII�?.�t'��tetial information)in connection widi ._.. , _ ��
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<br /> �,-: �r^,; ., � the loaa i�7densxd by the Note, including. bat not limited tb, repieserita6ans�concerning Bormwer§ accupancy of die �'
<br /> .',;�y. Prope�t��,jg priucipal.residence. If this Sgcurity Insuument is on a teasehoid.Bormwer shall comply with all the provisions . , � '��-•, .,.
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<br /> _� �, �` • of the lea�.;If Barcparer acquires f�tide to the Property,ihe leasehold and the fee tide shall not merge un2ess Lender agrees
<br /> ���,,�T ' =. ' � ro the merger in writing. . ��• , • '" ,u - M.
<br /> a�, � '�' ._ '•,: � . 7.. Nrotectton c�f�.euder's R�g6ts in the�perty: If Hormwer fz�.u3.�erform We covenaau and ag�eemenis � �_.�•:��-�: _
<br /> .;r,,i ,.+:..: .::,`.;..., . contairn�d in dtis 5ecuriry Instrument,or thete is�.�eSal pmceeding that sa-F sie,,mfi�ntly affect L.ender�rigfits'u►the r ' � _
<br /> Piv such as a mceedin in 6ankru robatz,for condemnation or for:�^..�u+e or to enfor�ce laws or regulations),then �%��;� "' £��� �' ,
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<br /> Lender c�ay do and pay far whateve¢iD,necessary to protest the va�ue of the P�+bperty and L,�der's rights in the Property. • �. ;f:;..`:. .
<br /> .l''` . � I.eader�asaions may inclade PaYu��'�svms seco�d.by a lien which has priority over t�.is�.�ity Inswmen�aPP�& ���,� �"�
<br /> .'•' - � in coutt,Pa3'ing reasona6le auomeys'fees and er.z�rimg on the Property to make r�pairs.Although L.ender may take action .. • "� .� - -
<br /> . . .. . ' under this pazagrapb?,Leader does not have to do s�. :' . . ,;~..z�� ; '�.
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<br /> :� . . Any amounts disbuised by l.ender ander this paragiaph 7 shall hecome additional debt of Barrower secured by this �• • ' ' ��� ;; 1 .°�`
<br /> :,: ' ' ,r"'�' Security tnsaument. iTniess Horcower aad Lendet agtee to other tetms of paymen�thesc amounts shall bear interest from ttte � :• ':9 ...���_'
<br /> .:�.y.'. ° �
<br /> ' date of disbursement at tlte l�iote raie an d s h a l}b e paya b le.wi t h interest,vpon no t ice fr om I.en d er t o.B o r r o w e r c e q u e s t i n g . .:,•r:�',.''���:�.
<br /> '�.�"�;.`.s'�J.,�' paayrment, ' , ... �... . �y
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<br /> .: _ 8, Mot�age Insue�ano� If Lender required mortgage+++��nce as a condition o�making the loan secured by this �
<br /> ;}�'.�;;:i,:` ;;�; Security Instn�ment.Bomnwer shall pay the premiums zequiied to riiaintain ti�:.mortgage insurance in effect. If.for any . � �, ... .� ;�'
<br /> .'�=-- , :•.�,1, a' reason,the mosigage snsarance coverage required by Lender lapses or ceasca to 6e in effect,Borrower shall pay the � �' • '.r._
<br />. .)S . � : ' �3�.U.�• �.1!_
<br /> ``����y ''y premiums required to obtaiu coverage substantially equivalent to the mortga�,insurance previously in effect.at a cost �
<br /> t�'� • �', �,,.�•. _-
<br /> ,'.�'`�,.: ',:-�H: , : .. substan�sllF equivalent to the cost ta.Bmrower of.tiie mort inswance ievionsl i�efffect.from an altemate mort e • ..:..� .;•-�.
<br /> `�r'� �. � insurer�Z+szed by t.ender. If su6�1.�.:�alty equivalent mortga�ge insarance coverage'-u n�a�►ailable.Borrower shaU pay�to �'��'�.�;f; �=.
<br /> ;�,�.: •.;: :. .�`. � Lender eacG moath�a s�un equal rr rfit�ftwelfth of the yearIy mortgage insurance prd.,m��.�n being pai d by Borrower when the �;�.� '.�', M1�s ,,,...,=z
<br /> .�*: insurance caverage ia�r�cai or ceased to be in effec�:.C.�;nder will accept.use and c�".:i�these payments as a loss ceserve in lieu , • , �I�.�=`� �r^�:
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<br /> . „�:�.'r� . , : .,< < . of mottgage inswance: �.oss xeserve payments�y+no longer be required�t-�lre�apuon of Lender. if mortgage insurance . c` ,`,",�,,.;,; , -.,
<br /> . . I cavera�s(�.1 the amount and for the periad that l.euder requires)provided by asi insurer approved by Lender again becomes • . `�.
<br /> ' ! availab?�;�:rj is obtained.Borrower shall pay tlie premiums requi�d to maintain mo:tgage insurance in effect,or w provide a � •. -��
<br /> 'T";�,;;` loss resc�x�,until the cequIrement for mongage insurance ends uc�cordance witb any wntten agreement betareen Barrower ,• � , . - : ;�
<br /> ' . ,,�:.`��'�,, ;..' • � . and L.ender or agplica�le law. . .
<br /> _'. k,; C�1#��.; •. ••�. 9. Itts�pectton. 3xnder or its agent may make reasona6le enuies upon and inspections of the Pmperty..Lender shall ', �• . .�'�`
<br /> •� '���.; :.._.,.�•��.... :•, give Borrower nouce at the time of or pnor to an inspection specifying reasonabie cause for the inspection. , : • . • : .
<br /> ' �t�s.•..--,.° �• 1Q. Condemnattan The proveeds of any award or claim for damages.direct oF consequential.in connection with any • ; ' •• --
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<br /> .;�;:.:,.�,;-1< � , . . . . Stngte Fa�;2T—Fnnnk bindFlreddle b'!ac IJ"+"S�OBM INS7'RUMEPiT—Unifu��Covenanu 9l90 (ya8e 3 oJ6 p�;r�esl .
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