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<br /> !r s Z � � �periads t�at Lendea�eqaires. 'Ihe iASUiaacc�srier pmviding the insurartcc shall be�ckose�by�ormwer snbj�ct to�►der's .
<br />--_�-��:���'�:-:�t'���= � nppmval which shall nut ise�ans�asa�nably cvithheld. If Bmruwer faits to maie►tain wvere�d�scn'bcai ubave,I.g�d�r may.at
<br /> :�,�h I�des�s o�tion.oht�ain covetage to pratert i.ender�rights in the Pcoperty In ass6rdaace wit�parag�tPh 7.
<br /> _ -- �'`_,�,�� ' Al!tncursnce palicies sad r�newals stiall be tabie to f,ender and strall inciude a standard iaoatgage cLz�se. LenaYer .
<br /> ;:9 �_� �
<br /> .� .. : �shaU have tt�right to hold th�Qaiieie's and reeeaafs. l�.mder iequires,Bo�ower s�atl pmmPtly give ta Lender.ail ceceipts
<br />��.} :`.� " ..; of paid premiums aad renewal rtotic�s. In the cveat of foss.Borro��er shai!give prompt noflce tc�she,r�uraace�r ttttd __ -
<br /> '=-,` . ,. �,;•' f,s;� • i.endzr. Lendermay matce prouf of loss if not paad�promptly by Borrower. • • � .
<br /> �=�•`�;`�} '"' , ' Untess Le�r aad Bomnwer otherwise agree ia writmg,iASUraace pracead§s�tl b�ssppliEd to restaratibn or repair vf . --
<br /> � �_`�4:�_--�� feaslBle�and Lender's seeurity is ant lessened. if ca�
<br />-:�,; +-::*-:-:: . - -- tl�Prag�ty daiaaa^ed.If ths re�tan��n or cepair is eeannmiGilIy . -
<br />=_ :,�,.::��� . .:. � restoratian ar npair is aot economically feasible or Lender's seccqiry woutd toe lesswasd.the dnsuraicce proceecis sflald be --
<br />�:;.� appfied to We Sums securad b}'this Sesauiry Insintment,whether or not then due.witt► any excess'pa�d to Boaower.' If
<br />',�?��.;�:`�� ... . mpetty,or does aot answer witl�in 30 days a rrotice frqm Leader Ebat�the insvrasce ca�rficr iu�.g • , -
<br /> ^,,.,.."-.-: •.., Borrower abandoas the F .
<br />*``�-�::�'R='" `�� � offered to seule�a claim,then Lender tnay wIIect the insucaace pr.�ceeds. L.ender mny usr the praceeds fo cepair or�swrE
<br /> -�-'�; �• '
<br />_-"��r: ,.: ` ; , �,. ths pmpe�ty or to pay sums sec�red by this Security Instr�mat,whethes ar not then dae. 'I��3a-day period wi11 begin whsn
<br /> R � .....,.,,,...
<br /> �' �L�; � F• : the notice is gvea. .
<br /> i4 r���` iJntess I.euder and Borrow�atFierwise a�ee in writimg,anY apPlicati�n of praceeds to prmci�l shalt noi extend or ,
<br /> =y,��:-;
<br />—;rh:.,,��,�_:.i,. ,.. pa3tpone tbe dne date of the manthly paymenis�eferred to ia paragiaghs 1 and 2 or cbange tit�amaimt af tbe Qsyments. If -
<br />_'_��iz;�:;:���`--�,.:E; � under paiag►apB 21 t�ce Fropccry u acquired 1iy Lender.Boirowea's right to any insurance polities and pmcesds rtsulting' .
<br /> - ., r ; �-�`,� fivm dam�agy to We ProPenY Pnor to ihe stquisiEion s1�aII pass to Ixader w the sxte�t of the sams secraed by this Sec�rIty . .
<br /> f ' � ��� Insuument immediately prior to the acquisition. '
<br /> � �` 5-, -� 6. Oocupaaey► Pseservatton, Maintenance and Prot+¢ciian af Ftt� Y►v�esiy; Borrower's Loan Agpli�on;
<br /> r.. .�. -:
<br /> , - "�� : : LeaseQ�olds. Barrower shall accupy,establish.and use ttte Pia�erty as H�cex,'r's principal iesidence within sixty days after
<br />�:=='�F`��: =.�'-: ;� � the e�on of this Securlty Insuument and shall cont6iue w o��-d��tY as Bmomwer's psiricipal resid�nse fas at .
<br />-° '�r`"'°" '�'±p:.T*. . 'F 1II W�71Ct1 CdIbSffiE S� 1'i't� �. '
<br /> � , ,,,:'E< .. - least one year a�er dte date of,urcupancy.�uniess 1Rri�r.c.���-� Frz�-a, S .
<br /> " �#+�."'s�r f� u�easaaably withhela,or unless eat�nuaaag c��.��.-��'i�yond�czs�t`s controi. Borroa;er s�"�not
<br /> , } 'f:�`4����`? -- destioy.damage or impair the Pregeny,stlow t�e-�roPerty.t�i��.�,�ar,tammit'wa��on We Fr�aperty: �orra�� • �
<br /> t ,',�t;) 11�{, r be irt defauit if any forfeitnre aetion or proc�r" -�e,whether c�c-��4rcei�....,is begun tDat in I.endes���od faith judg�nent
<br /> ;:,...;:���,,?��e f>�,��j . �=.wd resaFt m forfcihue of We Ptoperty or utheisuise mat.���y impazs t�e lien cceated by this Se�rtyr Instcament pr .
<br /> . , f+�'�'�,r��,,,, �� ��c'�security interest. Borrower may cu:e such a default�3 r�instare,as pim+ided in paragrapb l8.bY causing t�e actian
<br /> � y�.-. , , . or�oceeding to be dismissed with a mling that,in I.ender's gaod f'aith dete:minatton.Precludes fosfeinu�of the Borrower's
<br /> . � : --. -- intecest in the Pr�nperty or oiher material impairment of the lien cn�by this Security Insflument or Lender's�securiiy,
<br /> - � � � intet�s� Bonower shall also he in default if Borrower, diuing t he loan agp l ication process, g ave m a t e ri a l l y f a i s e a t
<br /> ' " inacxvrate inforination or statements to Lender(or failed to pravide Lender wIth any material information)in co�nection with •
<br /> '�� ti
<br />' .�;� • � the loan eviden�ed by 6�e'Note,including,hut not limited to, representations conceming Borroaver's ocaup�stcY of tke • ,
<br />_ :,� ' Froperty as a principal c�sidence. If this 5ecuriry Insmrment is on a ieasehald.Horrowcr ahaU compIy with a11 the provisions ,
<br /> � � of the tease. If Borrower acquires fee title eo the Property.the leasehokt and the fee title shall nat merge�u�Iess.Lcnder ogrees '
<br /> �,.��' � . ' to the merger in writing.
<br /> `��
<br /> ' ' • 7. Proteetton of Lerader's Rtghb in the Prapeety. If Borrower fails to perfaim tfne wvenarits and ag.reements
<br />"��'�_-:'�.�:�.` . contuined in this Securlty Instrument, or them is u legal pmceedin�ttiat may sigmficantly �&ect Lender�s iights in the �
<br /> :�,{ Fcaperty(sash as u pmceeding in bankruptcy.probate.for coa�emnauon ar forfeiture or to enfo�e laws or reguSati�ns),thea
<br />� - . . Lcnder may do and pay for whatever is netessary to pmtect the value of the Property and Lender's righta in the Pressperty.., _
<br /> � � ' ' [.etider's actions may include paying any sums secured by a lien which has priority over this Securiry lnstrumen�appea4ing
<br />�,'r� :+ : , ' in court.pa y ing reas o n a b l e a tt o m e y s'f e e s a n d e n t e r i n g o n t h e P r o p e rt y t o m a k e c e p a i rs. A l t h o u g h I.en d:r ma y take action
<br />'�_'�.;�..;;.:`. :°` under ttns pazagrapb�.l.ender dces not have to do so.
<br /> __ . Any amounu disbwsed by L.ender under this paragraph 7 shall hecome additioaal debt of Borrower secumd by this
<br />-�"-'� _.3:.';..,;;, Security Instniment Unless Borrower and I,ender agree to other terms of payment,these amounts shall bear interest fmra the
<br /> - � �� '°' • date of disbursement ai the Note rate and shall 6e payable,with interest,upon notice from Lender to Borrower requestu►g
<br /> �:;,,...;-,, ;'. ' paymen�
<br /> -•-"�;���°�.', ' 8. Mort�e Io.,�'uraace. If Lender required mortgage insurance as a condi�on r�f making the loan secured by this
<br /> -"-�`".``:``� ` Security Instsvs�it,Borrower shail pay.the�:emiums�uiied to mairs�s rSte er.cr:gage insurance in effect. If.far any . __
<br />_- - .. ieasom. the mortgage insurance coverage required by Lender tapses �v�es ta 6c in effect, Borrower shall pay the __
<br /> � - ' ' ' ' �.:�ams required to obtain coveiage substandally equivz!�t to�e:_�ortgage ir:s;rasice pnevionsly in effec�u a cost . �'--
<br /> 'sr''�_r.�ntially equ�valent to the cost to Borrower of the mamo:�a irs�^�.ce previousL�c:effect,from an altemate sc;r�rtgage . -
<br /> '� ' it�er approved by Lend2r. If ssbstantialty equivalent mvrt�age insurance coverage ss rsot available.Bottower shs,Z�ay to .� �.:��on>�
<br />-��r_. . . �.' Lender each mca[ir a sum eyuat to one-twelfth of the yearly mortgage�.uance premium being paid by Borrower wh�n the . ..!.
<br /> , ...
<br /> -_ � ; tnsurance cover�L�psed or ceaseil to 6e in effect. i.cnder will accep�e:sz and retain these payments as a loss reserve in lieu : ;�'
<br /> - � ' .. • of mortgage insusanc�. Loss reserve payments may no longer be reyuired,at the opdnn of Lender,if mortgage insurance
<br /> y � . coveaage(in the amonnt and for the periad that Lender requ'ves)provided by an insurer approved by Lender agau�becomes
<br /> ��.. . . .. •' '` availsi6le and is obtained.Borrower shall pay the premiums required to maintain mortgage insurance in effect,or w provide a
<br /> 6
<br /> ��;` - loss resecve,untfil the requirement for mortgage insurance ends in accordance with tiny written agreement between Botrower ; �'
<br /> -�:� . � and Lender or a�licable law.
<br /> -�"- •� ��� � � � 9. Irtspection. Lender or its agent may make masonable entries upon and inspections of the Property. Lender shall
<br /> ;°�. • -. �� ,�. . give Borrower nadce at the time oF or prior to an inspection specifying reasona6le cause far the inspection.
<br /> ':�"�. �� ' LO Candemnation TAe prooeeds of any awazd or claim for damages,direct or consequenrial,in connection with any
<br /> _��.�.-.;.,j s;�•
<br /> ,.,..�.. :, Single£amily--Fannk MatlF?edAle Mac ITMnORM 1NS7'RUMEN'f'—Uniforsn Covenar►ts 9190 Ipage 9 oj6 yaget)
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<br />- :;', ';-,i, . .; •' (�ect WEro 6�Pmtia tr�o.� . ,
<br />;°�,_:• :. .'- . To 01dm G'ill���ODb3G93fX!O 7All 616781•113f .
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