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<br /> �, �xrit�ds tl►at i.ende�requirc9. Tho iresuruna;carrier pro�iding the insurunsc chaU He ct�osen i�y parrourer subj;:et tu E,end,r;s
<br /> � ��=r�sen!Whi�h���►rcat I�e unceason:►bly wlihhe(d. If Borrawer fr�3lH to rnatnta'rn covem�o descrit�d above,L cnder may.at
<br /> I.enderk�►ption.abtain coveraga to pmtect Lender�rlghte in tlie Prop�ny i.^��ccordanao wi�h parAgrnp�.T.
<br /> A11 insurance policies and renewais shatl bo acceptable t�Len d er end shal!include a standca!m�rtgage cluune. Lender
<br /> � shall ha►vd tho dght�o hotd the policios and ren�wnls. If Lender cequires.He�raower sheli pmmptly giv�to i.ender all rscaipts
<br /> ' of paid pnmiums and nenewal notirxs. �n the avent of loss.Borrowcr shall glva prompE noctce to tho inautanee cenier�f�d
<br /> Lcndtr. i�enc�er rrtay mnke proof of loss if not made promptly lvy Horrowsr.
<br /> Unless Lander end Bacrower otherwise ngree in wdting,insurance proceeds ehnif be appiled tn restoration or repair of
<br /> tho Property dtunoged. if the restomdon or repuir la economicolly feasfble and Lender's securtty is not lessened. If tho
<br /> restoradon ar repair la not economicully feusible ot L.enderk secur�ty would be lessened,the insurt�r►ce praceads shal!be
<br /> applied to tho sums secured by this Securtry Insuument,whether or cwt then duc. lvith any exctss patd to Sorcower. If
<br /> Bomnwer abandons the Property,or does not nnswer within 30 days a nottce fmm I.�nder that the insurence carrIer has
<br /> offered to senle a claim,then Lender may callect the insurance proceeds. I.ender mny use the proceeds to repair or restore
<br /> thc properry or to puy swns secured by thia Secudry inatn�ment,whether or not then due. 11te 30�day perlad wUl begin when
<br /> the notIce ts given.
<br /> Unl�s Lender artd Boaower ntherwlse agreo ia wrlting.any applisation of ptuceeds to principal shaU nat extend or
<br /> postpone the due date of the monthly payments rcfemed to in paragraphs 1 and 2 or change the amount of the psymants. If
<br /> under purngraph 21 the Property is acyuired by I.ender,Borrower's rlght to any insurance policies and pmceeds resultlns
<br /> ftom damage to the Pmpepty prior to the acquisitlon ahall pass to T.ender to the extent of the sums secured by this Secudty
<br /> Instiument ImmedIately prior w the acquisidon. •
<br /> 6. Oocupancy, Preservadon, Nlaintenance and Protectton ot the Property; Borrovicer's Laan Appltcatton;
<br /> l.easeholds. Borrower shs�ll occupy.establish.and use the Pro�e�iy us Bortower's princi�a!r�sidcnce within sixty days after
<br /> the execudon of this S�urity Insuument aad shali contInue to occupy the Property as 8o�rower�principul residence for at
<br /> least one year after the date of occupancy, unless Lender othervise ag�ees !n wrldng.which consent ahall not be
<br /> unreasanably withheld.or unlcss extenuating cucumstances exist whicfi are beyond Bormw�rk control. Horrower shall not '.',
<br /> destroy.damuge or impair the Property.allow the Property co detedorate.or comm[t waste an the Property. Borrowar shall
<br /> be in defa�lt if eny forfeiture ucdon or proceedIng•whether ctvit or cdminal.is begun that in Lender�good faiU�judgment
<br /> coWd result in forfeiture of the Praperty or otherwise materia]ly Impalr the lien created by this Securisy Jnsuument or
<br /> Lender's security interes� Borrower may cure such a default and reinstate,.as provide.cl in paragraph 18,by eausing the action
<br /> or proceeding to be dismissed with a ruling that,in Lender�s gooci falth determina�+.,n,precludes forfeitune of the Borrower`s
<br /> interest in the Praperty or other mutedal impairment of the lien creatEd by this Security Lisuument or L.eaderh security
<br /> Iaterest. Borrower shall also be in default if Borrower. during the loan application proass. gave mazerialiy false or
<br /> inaccurate informadon or stntemsnts to Lender(or failed to provide I.ender wlth any material information)in conaection with
<br /> the loan ev[denced by the Note. including, but not limIted to. representarions conceming Borrowerk occupancy of fhe
<br /> Property as u principal resIdence. If this 5ecuriry Instevment is on a leasehold.tfomower shail cnmply wiih ali tiie provisiuns
<br /> ' • I of the leasa. If Borrower acquic�es fee tttle to the Property,the leasehold and the fee tide shall not merge unless Lendcr agrees
<br /> to the merger in wridng.
<br /> ?,. �^ .p ..Y. � 7. Protect[un ot Lender's Rights in the Property. If Borrower fails to perform the covenants and ugreemenu
<br /> �" '�',,P y contained la this Security Insteumen� or there is a legal pruceeding that may significandy effect Lender�s rights in the
<br /> =��:� •,,_,:.�••• � t�noperty(such as e proceeding ln bankruptcy.probate.for condemnurion or forfeiture or to enforce lawa or reguladons).then
<br /> �t�r.��t;-�•s���`°��; Lender may do and pay for whatever ia necessary to protect the vaiue of�he Propeay mid i.endcr.�ciBhis�cs sha ProF=rtY.
<br /> "'�;' � �^,'.. �� I.ender's actions may Include puying any sums secured by a lien which has priority over this Security Instrument,appearin�
<br /> ' ����9�%��f�: in court,paying reawnable uttomeys'fees nnd entering on the Property to make repairs.Although Lender may tnke uction ���.
<br /> ��x.�: " . under thls paragraph 7.Lender dces not huve to do so.
<br /> '"^s' '�T--� An amounu disbursed b Lender under this ara h 7 shaU become addidonal debt of Borrower secured by this
<br /> "r,�', °_. '�,:,;".::_.�,;�: Y Y P S�P
<br /> �a�� �•� y: � : Security instrumenG Unless Borrower and Lender agree to other terms of pAyment,these amounGti shall bear interest from the "
<br /> ���F���,�rs::;-<�•<.
<br /> `��r.:v�+� date of disbursement at the Note rate and shall be payable,with interest,upon notice from Lender to Borrower requesting �� ••
<br /> ^'�P A�:•;: � : m
<br /> payment. " '.r
<br /> "�'"+"'"'"`"�''°""'" 8. Mortgage insurance. If Lender required mort�age Insurance ns n condition of making the loan secuned by this
<br /> .yr�f.kM�"""r',._:��.:.�.
<br /> :�,, . .>. ....�.., Securlry[nstrumen4 Borrower shutl pay the premlums required to maintaln the mort�age insurance in effect. If.for any
<br /> -;-��''Y«. � �.,;:;� reason. the mortgage insurnnce coverage required by I.ender lapses or ces+sses to be in effect,Barower shall pay the ;;
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<br /> ;�}�;�•,±: �- :;-�. premiums �quired to obuun coverage substarrially equivalent to the rn�rtgage insurance prevtousiy in effect, at a cost �+ .,
<br /> � '" substantially equivelent to the cost to Bo�rower of the mortgage insurance previously in effett, frorsn an altemate mortguge
<br /> � ...:�<< :� . '. Insurer approved by L.ender. If substuntiully equivatent mortgage insurance covera�e is not avallable,Borrower shall pay to .:
<br /> 'M:4:�•;�'
<br /> Lender each month a sum equul to one-twelfth of the yearly mort�age insurance premium being paid by Borrower when the `�
<br /> �� insurance coverage lapsed or ceaseci to be in effect. Lender will accept.use and retatn these payments as a loas reserve in lieu '.
<br /> ••t•�';� � , �• of mortgage insurance. Loss reserve payments may no longer be c�equiced.at the option of Lender,if mortgage insurance
<br /> ;. coverage(in the amount and for the period that Lender requires)provided by an insurer appmved by Lender ugain becomes
<br /> y•� nvailable and is obtained.Borrower shall pay the premiums required to maintain mortgage insurance in cffect,or to provide a
<br /> •-�y� loss reserve.until the requirement for mongage insurance ends in accordance with any written agreernent between Borrower
<br /> �``�'�� ,. ' end Lender or applicable law.
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<br /> - 4 9. InspecHon. Lender or its agent may make reasonable entries upon und inspections of the Property. Lender shall
<br /> �� � give Borrower nodce at the time of or prior to an inspection specifying reasonuble cause for the inspection.
<br /> �, 10. Condemngtion. The proceeds of uny uward or claim for dameges,direct or consequential.in connection with any
<br /> Sfng�e Family--FLnnte Mae/Fl�eddte Mec UNIFORM lNS1'RUMENT•• UniformCovenana 9l90 fpage 3 uj4 paResl
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