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<br /> f �es{ad4 th�t Leader�mres. 'lY�e insu�ce canier pravidin;the idsut�se sttall be chosen 6y Srm s�6j der� �-;;,,F�
<br /> - � agpmvai whicl4 shaii niot be unreasm�a6ty arithhelal. If Hnrrmwer fa'sls to m�intain coverage d�scribed abave.Leiid€r may.at . �, �"` _
<br /> ~ Lender's opti�n.�obtain wveiage to pmresx LeIIder's ri�ts in the Prageny in accardance witft psus�7. � �..
<br /> —.�� • RU insurause policies aad rea$wais shall,6e accept�le'to Lender and shall instude a standard mortgage clause. Leader � L�'zm�=�f�,.
<br /> _ � sftalt have the agbt'to hnld the policies and Rnew3Ls. tf t.aider requires,Boreower shall FromFUY 8ive w Leader aU e�eceigts �. ...� } �`�'
<br /> - ----- - of paid�mi�s sud reaearal tautices. tn the event of toss,�orrower shall give prompt notice to the u�sm�ance eanier and � ;�b��_
<br /> TM LQadex Ixader may make pruof of loss if stoi ma�ie PmmPaY by Borrower. . ' 1<�.�'r _
<br /> ��:z�° �' Untess d.ender�Boirower oi6erv�ise agee ia wrating.insarance procegds shall be applied ta mstemtion or repair of � �._-
<br /> :`�t��`'"��i the Pm �ama �f the restoration or au is ecaonoaa c a U feasi b i e an d L e n der�securi ts no t t e s s e n e d, I f t�ae ;{ , :-..,_�.•, . .• �
<br /> �f�'� restoratt'��repairis Qo�econttmicaUy f�e or izn�er's s�iry wduld 6e tessened.the�ryuractce proceeeds shall be `� '.
<br /> u'-'_F�c'-c.� `� incrrnmerr�- lr P � -
<br /> 3pgtied to tt�sums s�by 3bis Securiry �c�hether or aat then du@,v�ith an exc� aid to Bornower. If �. � `
<br /> �`�� ''f $orraarer aIsaadans the Frapaiy.or�Qes aot answer within 30 days a dotice fro�Lekder that the insu�aace c2trier has , , "�`.`:�.-`
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<br /> :4;�,�.._; offeied w seuIe a claim.t�ea Leader m�y coltect the inswance�raceeds. Lender may ase the proceeds to tep�r m restare . • -
<br /> ��'�:-, tha Progerty or to pay s�s seciued by this Security lnstnamenb whethsr or not theh due. 1Tie 30-day periad wilt 6egin when � . `: � _
<br /> �-=' the notice is given . ' �'` a •.�. ,.g' _°
<br /> �.� Un1�ss Lender antl Boaower.otl�awise agee in wri6ng,any applicatian of praceeds to p:incipal shaU not extend ar ' '-•. �-
<br /> .,.t,s;:�,_,-�4. Y P Y� P��P� 8 Pa3�► ,��_�.,r., �.. _.
<br /> �;�,��^;^_ postpime the due daLe of the uwmht a nts�ferred w in I and 2 or chan e the amount of the. ents. If
<br /> __ _ under pan�gaph 21 the Fr+operty is acqni�ed by Ixnder, Borrower's aght to any insmance poleci�es a�prviceeds nsattiag �xx:�, :�. ..�
<br /> �n. � � frnm dasnage to the Roperty Qrios to the aflquisition shall pass to Lender to the extent of the sams s�by this Sec�uity, :f;.�.�...
<br /> .�4��s r;a I n s h v m e n t i m m e d i a L e l o r t o t h e o n. � �i
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<br /> '�`'°`� � G OocaFanes', Pr�na� Matntenance and Protectioa of the �roperEy; Borrower's Lns�n A���SC�tina; �.� _<_.
<br /> ���-''�� �; Leassholds. Barrower shaIl occupy,esta6lisb,aad use the Properry as Borrower's principal residence within sixty�ays after (f'f � .- •_�`
<br />-:r�,��r;"' d�r execution of this Secm�iry lnstr�eat and shall emntiaue to osxvpy th�Propeity as�arrower�s princi p a!cesi.derc�for at ' �-��:r, _
<br /> u:�sf'�� ' teast one year aftes the date of occupsncy, unless Lender otherwise agrpes ia w-riting, whictr consent shaLl ma't be
<br /> .�:-=��_��:� arueasos�ably wiQhheid.or untess exteanuating�m�stanees exist whish aie beyoad 8a:mwer�s control. Borrower shsit aot ',`�;. - -
<br /> _"�-;,�v'-� .`'=. � d�oy,damage or impair the Ptapzrty,a�w the A�perty to deterioiate.or wmmit a�aste on the Pcoperty. Borra��shall ',';•. .
<br /> '$��'`` '�, ise iss default if any forfeitlus�ion or�oceeding,whether civl or criminal,is begun shat in Lender s gond fai4h,�n�ment � _� -
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<br /> 1 �f��,�, -� - - � -c�d zesoIt�in�forfeiwre of-t�e ProQerty or-mhenvise-materially-irapair.ths li�n ceeated by.this Security-Insss�ent or: . „��{ �. r�'
<br /> y,����i : T,e a d e r�s seGUrity ime�est. Borrawer may cr�suc b a d e f a u lt an d zeinstate,as provi d e d i�paragrap 5 1 8,by causin�c l t¢z c t io n ;� ,��,,, �
<br />_ .r ,t�C.f- � or proceeding to 6e dismissed with a raiing*+h21�.i17 Lesldel�g0od f3iih detei(Ili�tIOA�precIudes forfeiture of t6e Brnmwer'� —
<br />=•�'�,.'-'.:-:• . � interest ut the Pmperty or otfier material i�airaaent of the lien cieated by this Security Insuvment or l.ender's security ,' `�-;i��_
<br /> ; ' � interest. Bormiirer shall also 6�e in def�it if Borra�er, during the Ioan application pmcess, g�ve materially false or .'.�
<br /> , � ' inaccurate information or statemerits to Leader(or faled to provide I,ender with any material information)in connecrion wiih '" -
<br />_� ` the loaa evideaced by the Note, including, bue not li�ited to. �sentations con�ming Borrower's occupaacy of the • ��:..•y ,
<br /> �•.' ,`�� : Pi�;�erty as a pr�cipal nsideace. If ttds Sec�*�ity Instnsment is on a leasehold:9orroR-er shall comply with all the p:vvisions
<br /> _ . nf the tease. LEL�arrowet arquires fee titte tm�Property.the JeasehoId�the fee title shall not merge nnless Lender agrees " � >�;`'
<br /> to the merg�.�$+riling. .., " ' '
<br /> • • 7. Yr�".,g�on oY Lendec's Rights e�i vhe Pe�perty. If Borra�r°r faiLs to�perform the cu��ear►u aild ag�cements �,'`T .::; :
<br /> • .;�;�;-, , etc�ined in`t#�is Securiry Iastrument, vr theie is a Iega1 proceeding ifixt may s�santly affect Lxnder'�righu i�i the � �� •
<br /> '' PtoperCy(such as a proceeding in banIwptcy.pmbate,for condemnation or fodeituie�to enfonce laws or regulations).then :..,�` �'�..
<br />'-' Y`"t r� �•`�� Lender rttay do aad pay for whatever is a�xssary to protect the value of the Property and Lender's rights in the Pnnperty. •
<br /> � � �' �Y P Y�g�Y Y P tY 13+ aPF � � , "
<br /> •,...,;• . Lender�s actions incl�de a ' s�:�secured b a lien which h�s riori over this Securi Instrumeat, e�arin 3•
<br /> �='="-�; I� in court,paying masonab2e attomeys'fees�:..,d entering on the Property to make iepairs.Although Lender may take action ' � f�
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<br /> _.N. , under this paragraph 7,Leader does not have to do so. ..,,,,;,
<br /> ;� Any amounu disbursed by Lender under this para�aph 7 shall become additional debt of Borrower secumd by this r rr .
<br /> 'x��� -:' Sec�uity Insoiumen� Unless Borrower and Lender agree to other tem�s of paymen�these amounts shaU 6ear interest from the ' :? � ,.'
<br /> __ f.� , ; . �E of disbwsement at thc Nots rate and shall be payable,with interes�upon notice from Lender to Borrower requesdng .'`� •'"�`� = ,
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<br /> }�'� pa�8.�Mor¢}�s Iasurance. If l.ender tquirEd mortgage insw-��:a:as a condidon of making the loan secuned by this ,.�'•�/ �:� l��
<br />-'"�� ` � ' Sec�u'ity Instruttx-uz',Borrowet shall pay the premiums required to rnzs..-tain the mortgage insurance in e�'ect. If,for any ���'.�:','�'"�'%
<br /> '"�°��' reason, the mortgage ins�rance coverage required by 3..�..�er tapses or ceasas cd C�e in effect.Borrower shal� pay the . :..
<br /> ���. - �:�: -
<br /> temiums required ta obtain covera e substanriall u.v,i.,�t to the mort a e Q.:��.�ace mviousl in effect.at a cost '�"�`'
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<br /> r t��� :•:� � substau6ally equivatent ro t6e cost to Borrower of the mc�t�age insur_^.ce previonsty in effect,from an alterna:e rr�rtgage ��
<br /> �•a ��`�?`• ins�u�er approved by Leader. If substsuuially equivalent mortgage i.s:uruu�coverage is not availa�'e.Borrower s.�ail gay to �
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<br /> `�� �' Lendes esicTti momb a sum equai to one-twelfth of the yearly mort�s�.�im;ux�ance psemium being�id.�y Borrower.when the ' ' � :�,.
<br /> �.��:'�:;tif:��:� . es .�. .
<br /> ::;,.;;�.:'� � inswa,nce coverage lapsed orceased to 6e in effect. l.endet will acce�b+:se and retain these paymer.�:�a loss ress���in lieu • � •, �.:r�3
<br />;::;i;:;;::: of mortgage insutance. La���serve paymenu may no tec�er Be required,at the opr_on of Lender,if mortga�r irsurance '''`'�� � f�
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<br />�'�,�,�:'- . coverage(ln the amount aad for the period that Lender n:aquib:�-:s)provided by an insur�approved by Lender again becomes • � ��?:
<br /> � avaiIabJe and is o6rained.�ormwer ahall pay the pnemiu�:9 r�..�uired tm m.intain mortgage insurance in effect.or to provide a . � : _
<br /> � • • Ioss reserve,untl f�e cequirement for mortga�c�-w�uance ends in acaeni�:..�te with any written agreer*_ent between Borrower � ;
<br /> y�'� : � .�. . and Lender ot applicable law. � �, ' . . ..:•'y`��:5-
<br />,�•�._;;� 9 Iaspection.;Lsnder or its agent may make •ma�ccable entr,es apon and inspecrions of the�roperty. Ler_,der shall � -,';;,; , ' •,�9'?.�'
<br />� " r����� ' ve Bomuwer nodce at the dme of or or to an in on s m reasonable cause for the in on. ' '4'' � ' � �
<br /> ';=`:�::�._. S� Pri sDeca �ec►i'Y� g sPecti • s•;.•:.••, .• ;;
<br /> �=- • 10. Condetnnatton. 7f te praceeds of any award or ctaim for d:mages.dire�t or conseyuendat,in conneaiaa with any �� '��
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<br />_�.�'".a��''�`;�:^ . 5iogle Family—Fatmk 1HaelFteddie hfae UNIFQRf flL�iSTRtSMENf�UNfotm Covenmis 9/90 fDQRe 3 aJ6 pagesl : , :'.'4+,.
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