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<br /> �.s�sre.�7_.�'43 ,� . � � � ���. �M�� � ` .
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<br /> �� � , , �Se insurance c�ier Pr�vidi�the insuraase sII�ali be diossa by�nrcau�er snbj�t tn i�ader's ,
<br /> :-.'l��'�i�.'�i,� peiiats ti�t beffdet rzquire�• .
<br />- _ - approval wbich shail�wt be unre��sana6ly«+hhheld. If Bolrower�aiis w mainttiin coverage cicscn'bed above.Lens�cr msy.at
<br />_.;`�:-��:`�`��; . . I.ender�aptiom,obaain ooverage to pmtect l.ender*s rlgMs in dse Prog�ty in accmdasice with paragraph?. .
<br /> ��ti��..�. All insuianse palicies und renewaLs staaU be nscepmble to Ixuder and s8a11 inctude a standard mcngage cla�e. Lender .
<br />-��-• -- - shat�have the right to hntd the�o�icies aad renew�.ls. If I�ender req�ires.BmYOwu`sP��ll pzomptly gwve�o L'.�nd�P uU recsip� . .
<br /> y..��W.��, ve t aotice to the sasurance canrict and
<br /> "�`.�"�; -.'`�' : ��m¢3ad reaewal aotices. ia tha event�f ta�s.Sarmwer shall gi piaasP .
<br />_ . :. �.'..,' . , of paid premi f of loss if not made ptm�stly by Boirower. .
<br /> ' �� � ;� - I.ender. L�derm3y s�&e proo .
<br /> ' ` �n v,7iting.aisvmrcce Prooeeds sha11 be ap8lied to restaraaian or sepsir af �
<br /> � � Unless Lender aad Eomower athern+i3e a�ee�s��1Y feas�Ie aad�nder�s secunlY!s not Exsseneil. If thc • ,
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<br /> . . = =-- . .
<br /> , �` � - �p�g�ty dannagxd,if tite�sto#ation or re�ais ' � • sh'�II Ge�, _
<br /> � -r.• .:.�L � restor�iion or iep�rs aot ecoaoanically feasib2e ar i.ender s sewr��Y wou2d be lesseaed.tha msurance Proc�esds
<br />'•:�.:�, `;:.''�._., � applied ta the smns secuted by dus Sec�uity Instrvment,whe�er ar Qot the�Qus,widi anY excess pai�t Yo Bamsurer- tf
<br /> to air ar restare �
<br />'� � ',�4;:;; Bosrower sUandilns the P�+operty,or does not answer within 30 days a abtice from Lender Ehat the�oe c�r�ej ha�
<br /> •..�;y,��°t�`.R. . offe�d m setde a claim,the�L�nder may�colle�et tf�e insusance praceeds: Lender may use the praceeds �eP .
<br />�-= °'' -`: the Pco�rty or to pay sams secared by this Secvrity Insaumerit,svhether or not then d¢e. '14�e 34�day'period�1�w�n .
<br /> l:"'S:':��.� . _r'`.-, y - � ...
<br /> k' ' thC IIOt1Ce ts$tvetl. tp 1 3I s1t21�.¢£R�330i�7t��'�L�I•,. l.
<br /> ..'�-.. -�=�:Y-,; m writIng,any a�lpli�tion af pcoceeds. Princ F , �
<br /> - :_ � �� Unl�s Lender asd Bonnwer ott¢envise ag�ee' .
<br /> =�::.��-�'�;� . hs 1 and 2 mc diang�t�e amount of thsgapm�s:�:�
<br /> ••;,•... . pasf�ona the due date of thx mazthIY PaYments referced m in paiaga� licies and ��
<br /> -�` ,�.:�"•`:�: u�tder ParaSaFh 2I the Prope�+�s acqu��sl'1-endc�'•Batrower's nght ta any ins�aancc po F�5
<br />�""er.,'. ' '" �. t W thC 67�CIIt Of t�lE 50IIIS S��t�I1S SCCUIIIY
<br />, ��i�-�'.r•`Z+�'i.`, t'}p]j��?.LO�1P.�[0��1 Q�OI t01�7P SCQ111S1Lt811 SS18U p3S5 t0 j.GII�E
<br /> • _ :-��;'-:��.'�' j�s�umeAl imm2diIItzly piiOI EO tlr2'aDquisiti0n.. , OD's '
<br /> `s��.;.< <,:, ._-: , Borrawer s Loan APP��
<br /> - 6. OccuP�9� Pr�.servation, Maintenanse and Pcotecdan af ttie �A�' resideace within sixty days after
<br />':=,:.;::�:: :�. :.�-
<br /> ;;-:;.:..:,�_:.. I.esse[►olds.'Barmwer shall oauPY,e�blish.and nse the Propercy as Boaower�s P gmmvrer'� al rESidenre fnr at . .
<br />�•-�45��ri�,�:..�,..:�';"-;. . the eaecuriqn of this Seruriry Tnssr�ent an8 shaU sontinue to occapy the Property P��P _ _
<br /> '� . '. . . least ase year after the date of occupancy, �ntess Lender.otheta+ise a�ees in '+vritan&�,wi�ich consent sd�li-na¢ be
<br /> -~`��;.�-_ anthheW,or unless ea�u�waba�S ci�st�ces exist ahich are beyond$amawer s centml. Harraovu shall aQi
<br /> - _ -- �areasuna6ly..� �L° Botrowershall .
<br /> . - d�y,�age o=itupa�.the Praperty:a11uW ths RoPertY w deteriorate,or cpmmit a'ast�og fhe Prupett7t•
<br />-. , be in defanit if any forfeihue action or�proceeding•whethes civil ar crimir►al.is beg�shst ia L�nder�gooa faith jadgrrsent ,'
<br /> . . � '� t;ould c�.svlt in forfeitace of the �'topsrty or otl�etwise mat�'iallY i�air the lien created bY this Seamty�insu'a�rt o�
<br /> , �,.;'. Lcader�s secutity inie�est. Soisower may c�ue such a default antl reinstate.as provided ia paza�raph i8,63+causing the actian
<br /> • � A,� • m Lender�s ood faith'detem�ination,l�ncludes forfeit�ue of the Botxower��'
<br /> -- ?_���^:- . or proceeding w be durnissed with a culuig tt�,� S, m ii .
<br /> '::..•, , ,..�'�. interest in the Praperty ar other material imPairme�t of the I�en create8 by this Secarity Instaaraent or L,ender�security
<br /> interest. Bonower sha!& also be in default if Bor[ower, du;ing the loan applicatian pmoes.�, gave mate�iallY fatse or .
<br /> : i�`•`•�'��':~� , �cur�e mformatioa az�atements to Lender(or failed to provide L.ender v�ith any material informateon)ia c°BUectton witb
<br /> .� i.•., 'ons conceming Boirawer's aucy of the
<br /> ' -.�,gt. the 1oaz►evislenced 6y�Note. incIuding, 6ut not fimited w,rePresentah
<br /> - , • ,�.;�i'�"'�, �I��J►�a P��r�idease. If this Se�aity tnsmsment is on a Ieasehold,Borrower shaU camply with aU e provisions
<br /> ,.,�.•.�. �. '�'.. of the lease. If Borrocves�qains fee title to the PropertY•the leasehold and the fee title shall not merge unless Lender agtees . .
<br /> �•t,lti;.'.`'• . ' to the merger in writing. �-� • If Horrower fails Lo erfarm the cavenants ar�agteements ' _.
<br /> .:r��;��•'::, ' 7. Protection a�Ca�der's RIghta in the l�eti'ty F .:�-°�
<br /> :,��"'''F`:;�'" • ''�cantained in tbis Secvrity insunmen�or these is�iygnl proeeEding that neay �i�ificantly affect I.eactesx rights in the --- -
<br /> . !fY
<br /> t��
<br /> � �>',.�� . F�opelty(svcb as a proceeding in bank'ruptcy.Pr�bate.for condemnation ar fo, �:� or to enforce taws or�c�lations),then -
<br /> '_��,+�.:'' :�,��i:�, and[..a*.�er's ts in
<br /> , ,,�,: I.ender may do and pay for whatever is necessary to protect the vatae of the Property � ��OP�Y•
<br /> . � Lendcr's acuoas may include paying any sums secumd by a lien which has priority over this�i:a�rity Insm�me�.aFP�ng ��.
<br /> : , ,:; .: . in caurt,PaY�nS reasonable attameys'fees and entering on the Pmgerty w make�paiis.Aith�gh Lender may take action -- _
<br />�-='%�• '�''�"�--�` ' � under this paragraph 7.1.ender does not have to do so. .�
<br /> � :., �t.y, .. • Any amounts disbursed by I.ender under this paragraph 7 shall become additional debt of Borrower secumd by this. .
<br />�":�:..°°�.'r � :�• gec�uity Insuumen� OWess Botrower and Lender agree to otherteims of payment,these amovnts shall bear interest fcom the ._'k
<br /> g ee -
<br /> '-� ° date of disbmrsement st the Note rate and s1ea11 be payable,with interest.upon notice from Lender to Borrower requesun8 �=:s=
<br /> ,; , �.��=��
<br /> Y i�-+,t•" . pa���Mortgtg+e Insurauce. If Lender required m�P�ge ins�uance as a condition of making the loan serured by this ��
<br />;;4��.�, .. . . -- —
<br /> �z> .� .: ' Security Instr+nnen�$arrower shall pay the premius4y.requued to maintain t��cnortgage insurance in efi'�, If. for ariy Y���
<br />....=,o�,?,'. .., •�� reason, the moRgage insurance coverage requir�i tt�� Lender lapses or veas..��xo 6e m effect, Banu'a:+sr f�tall pay d:e , � _
<br /> .,:'.`.• ` , ..�.,,�������.. , ' plemiums required to obtain coverage substantially equivalent to the mortgaga insurance previously in e�feet. at a c�ss ..?�_
<br /> . + substantially equivalent w the cost to BarrovYer of the mortgage insurance previously in efFsa:.from an alttmate riorm'4a�' �;�`��""��'`
<br /> ' ����9�5'�'`' insurer a oved by Lender. If subst�.�:ia11y eqvivalent mortgage insurance coverage is i�c�a�r?ilabte.Borrower shall pa,��>>. ' �'�'����i`.
<br /> ;;.;:;:,;;; ' ...•�,• .., , insurance remium i,^ein aid b Bom�wer when tne
<br /> ;:y,,:f•,,�,�. .,;�,. l.ender�h month a surrt equal to one-iwelfth of the yearly mort�Se P. �P Y < .�
<br /> "�'�k'�`"��-_.�.:
<br />.!,=i;j y�� ; :,�1� iasurance wverage lapsed or ceased to be in effect. Lender will accep�use and retau�these paymenu as a loss reserve in lieu , . __
<br /> of martgage insurance. �.oss reserva paymenis may no longer be required.at the�ptIbn of Lender,if mortgage insurance � „�; • `�
<br /> ` � coverage(in the amount and for the�e�o d that l.ender requires)p r ovided by an insumr approved by Lender again becomes . - � -
<br />,�-,;,_„ ' � � � avaiiabie and is obtauied.Bonower sltail pay the premiums required to maintatt►mortgage insurance in effect,ar to providL s _
<br /> �-
<br /> �r,. . , toss reserve.until the ceqnirement for m�ort�e insurance ends in accordance with any wntten agieement between Borra+�� � �_
<br /> �-. .. and Lendsr or appllcable law. . . -
<br />-�:;r.:' ��': ' 9. Ia4pectioa.. L�:der or its agent may m�J,::reasonable entries upon 2.nd inspections of the Propetty. Lender shall : _
<br /> -- �` ;,"�' .. give Bo�mwer nouce at�e•time of or prim to an inspection specifYing reason�il�cause for the inspection. -
<br /> * , ��;. s �.:;, 10. Candemna8om, 'i'he praoe�.�s of anY award or claim for damages.d;-*.act or conseqnential.in connection with any '
<br /> +.,F � ;� ,.�..n�
<br /> ,� �`..� •S1n e Fasi[y�Faunk N1acl6teQdle Mac UNI60RM INS'iRllNENT--L'ri�:na CovenarRg 9140 /Page 3 aJ6 poge�) �.,�,;:.
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