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<br /> --�' - — � uppsr�v�l w�hicta shall�i�t he unr�aSOnab9y withhcld..(f fiorrow•er�ails to»i.iltltRtil COYCI'."I�i:(�t f.Ci I�Y:(1�UUYC,CA•�icter t�i:xy.i�t --
<br /> ____—� L.rn�kri+optlun,otNaln caversge t�s prr�tect l.ender's eights iu th�C'rc�peety in neco��innce witi�par�g��p1�7.
<br /> Aeil ir�swrance p,�!icies aud renewals nhall be acccpta6le ta[.ender ond shall includ�;u ht�i�lard mortgn�e elaucc. I_rn�ter
<br /> shxll have the right to hold the pr�licias and rcTkwals. It'I.ender rcqu[res,Borrower shall promptly giva to lLender all�xeip�it
<br /> - of p�uc!gren�.9ums�nd renewal noiice.s. In Ihe evejic�f loss,Borrower sl�ull BiWS prompt noticu tn th�insurnnce can:eP n�zd
<br /> - -----
<br /> l.ender. L,ertdec rnay make pr�f of loss�fnot madc promptly by iiorrower. `
<br /> Untess[.cnder and Aorcov�tr atherwise wgres in wricing,insur.+n�e proceeds shall be appiicd to restoration or iepair nf
<br /> ----- the Property da�naged, if thc restorntion or nepair is economlcnlly f€asiblP ctnd L,�nder�s security is not lessened, if tho
<br /> restorati�►n or repair ls not ecunon�ically feasibJe or Lender's security would bc lessened,tl�e insur.vice Proceeds shall be -
<br /> npplied ta ttue cums secured t�y this Secudty Instruir�ent, �vhedier or not then due,with any excess paicf to Bormwer. If -
<br /> � Bonower abandons the Property, or daes not nnswer within 30 days u nutice from Lender that the insucance carrier I�as
<br /> _ _ � offend to setQe a claim.[hen Lender may cullect the insumnce proceecls. Lender may usc the proceeds to repair or c�estoro _
<br /> the Property ar to pay sums secured by this Security Insmiment,whether or nat then due. 'Iha 3Q-day period will begin when
<br /> thc noticc is given.
<br /> Untess Lender nnd Bormwer othecwise agree in writing,nny application of proceeds to principal shall not extend or
<br /> postpone tha due dwtc of the manthly payments refcrred to in parsgruphs 1 and 2 a�•change the amoun[of the payments. If
<br /> undey parngrapl� 21 the Property is acquired by Lcnder, Botrower�s right to any insurance poiicies and proc�eeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Y.ender to the extent of the sums secured by this Security
<br /> [nstrument immed�.s�tely p�ior to the acquisition.
<br /> -= 6. ��a��r.sy, �::s..cv:.t�u:�, tl�4«fMcaar.r� �n� Praletttom of the Prar rty; L�rrotver's d�sn ,���!Ical�o�; .
<br /> _ Geaseholds. @orrowcr shall a:cupy,establish,and use thc Property ns Borrower�principa!residence within sixry days after
<br /> the execution of this Securiry Instrument und shall continue to occupy the Propeny as�omo�verS principa!residence for at
<br /> ---=�_�s�'� least one yeaz after the date of occupancy, unless Lender otherwise agrees in writ�ng, �vl�ich consent shall not be
<br /> unreasunubly withheld,or unless extenuating circumstances exist which are beyond Borrower's conuol. Bonawer shall not
<br /> desvoy,damage or impair the Property,allow the Property to detcriorate.or commit waste on the Property. Borrc�wer shall
<br /> -'�"�`�'"�i°� b�in default if uny forfeiture action or pra;eeding,wliether civil or criminal, is begun that in I ender!s good faith judgment -
<br /> - ---- could result in €arfciture af thc Property or othenvise materially impair the lien created by this Securiry Instr.ument or
<br /> --_-- Lender�security interest. Horrnwer may cure such a default nnd rcinstate,us provided in p.�+ragraph 1 S,by causing the action
<br /> - _ --- or procce�ing ta bc dismissed with a ruling that,in Lendert good faith determination,precludes forfeiture of the Borrower's
<br /> _..._.,i,.�,;,,�.�� interest in the Property or other material impairment of the lien created by this Securiry Instrument or Y.cnderS securiry _-
<br />_ -�oq�� interest. Bo�rower shall also be in default if Borcower, during the loan application process, gave mutecially false or ��
<br /> �.,.;;�.�;�.;.' +:-- innccurate information ar statements to Le�ider(or failed to provide Lcnder with any material information)in connection with
<br /> _,�����,Y,���,.9 the loan evidenced by the Note, inclu�ing. but not iimitea co, represen[adons conceminb Borrowcr's �xxupyuy ui titc
<br /> _ •�T.P=���,�� Property as a principal residence. lf this Security Instrument is on a leasehold,Borro�ver shall comply with all the provisions
<br /> v-•:_Uv
<br /> =_._;;�'�;;..��;�; uf the lease. If Barrower acquires fee title to the Property,the lcasehold and the fcc title shnll not mergc unless Lender agrees
<br />.-;:����txl;?;,_;;r� to the merger in writinS• --
<br />""=��=7`r��f't�•.Y 7. 1Protectlon of Lender's Rlghts in the Prmperty. if Borrower fails to perform the covenants and ugreements _
<br />�i=`�'�"`�''"^�" contained in this Security Instrument, or there is n legal proceeding that may signi�cantly affect Lenders rights in tha -
<br /> �.....-.,•r:�r _
<br />-;°�;,.r�„r:.:;: Prnperty(such as a proceeding in bankruptcy,prnbate,for condemnation or forFeiture or to enforce luws or regulutions),then
<br />�'��� �iri;,,�."'• Lender ma do und a for whatever is necess to rotect the value of the Pro en and l.enders ri hts in the Pro rt
<br /> n� � Y P Y �'Y P P Y S I� Y•
<br /> _�r..,:,,rti„r Lenderk actions may include paying any sums secured by a lien which has prioriry over this Secttriry Instrument,appearing --_
<br />•- -- �:;.�,,.�;,; in couYt,puying reasonublc attomcys'fees and cntcring on the Property to make repain.Although Lender may take action .-=
<br /> �.~��'.���•����r under this paragraph 7.Lendcr dces nut ht�ve to do sn. -
<br />;�;s:,:', ��;y. -
<br /> �w, •...: ,�,_ . Any nmounts disbursed by Lender under this paragraph 7 shall 6ecome ndditional debt of Borrower secured by this
<br /> -r__;.:, -
<br /> -- ��=�::;�.'�` Securty Instrument. Unless Borrower nnd Lender agree to ather terms of puyment,these umounts shaU bear interest from the
<br /> '��=r��'�'�. date of disbursement at the Notc rutc and shall be payablc, with interest, upon noti�e from Lender to Aorrower requcsting _--
<br />_ _-.:=;y�•.�=rA�� payment. �.:�
<br /> ���;�M�r-���±�° B. Mortgage Insurance. [f Lender required mortgage insurance as a rondition uf muking the loan secured by this '!�="
<br /> � �=��+ � � : Security [nstniment,Bocrower shall pay the premiums required to muintain the morlgage insurance in effect. If,for any �_
<br />-'..��.. . •.�.
<br /> reason, the mortgage insurance coverage reyuired by L.ender lapse� or ceases to be in effect, Borrower shall puy the
<br /> - "_ " premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost •�
<br /> � • ,, substantially equivalent to dte cost to Bonower of the mortgnge insurence previcusly in effect,from an altemate mortgage �'-
<br /> �::_
<br /> insurer approved by Lender. (f substantially equivalent mo�lguge insurnnce coverage is not availablc.Borrower shall pay to �•�__
<br /> �.,..
<br /> _ �. Lendcr each inunth a sum eyuul to onc-twelfth of thc yearly mortgage insurance premium being paid by Barrowcr when thc �.?-:
<br />--" insurance coverage lapsed or ceased to be in effect. Lender will accept,use�ind retain these payments as a loss mserve in lieu -
<br />--~�~ of mortgage insurance. Loss resenre payments may no longcr be reyuired,at the option of Lender, if mortgage insurancc
<br />":=�r coverage(in the amount and for the period that Lender reyuires)providcd by an insurer approvcd by Lcnder again becomes :
<br />-��'� available and is obtained.Borcowcr shall pay the pmmiums required to maintain mortgage insurance in ef'fect,or to provide a
<br />-, -- ' ,_ loss reserve,until the requircment for mortga�e insuranre ends in nccordance with any written agmement between Borrower
<br /> � •, and Lender or applicable law.
<br /> , . . 9. Inspectton. Lender or its agcnt may mAkc rcasonable cntries upon und inspections of thc Propeny. Lender shall
<br /> • give Borrower notice at the time of or prior to an inspection specifying reasonable cuuse for the inspection.
<br /> 10. Condemnetion. rhe proceeds of any aw,�rd or claim for damages,dircct or conseyuential, in connection with:u�y
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<br /> Sin�le Runily--IY�nnle M17acJI•Ycddte Mac UNII�ORM IIVSTRUMENT•-Uni(ortn Covcnants 9/90 (paRr 3 nf 6 puge.q
<br /> . - . �- Grcat Iaita Bue!ncae Fomu.Inc�
<br /> . � To Onttr Ca�:1�800ta0�B37d O FAX 6147014131
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