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<br />� „ periods thlt I.ender reyu�a�es. The insumnce cnrrier providin�the insurance shnll be chose�by Uorrower subject ta Lender:s • : ,,:�,�:.�•,_-:•
<br /> - nppravid whicli shnll not be unrcasonably withhcld. lf Dorr�wcr fails to maintnin covcmge described nbave,Lcnder mny.nt ' -=h-•"="—
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<br />' � Lendcr�option.obtaio cnvcragc ta protcct Lcndcr'.s rights in thc Property in accordancc with parngraph 7. �:,,�-,::;E:��-..,;=_
<br />� All insurartce pulicies und renewTls shall be ncceptable to Lender imd shall include a standard mortgagc clnusa Lender „ • r���Y�
<br />� � shnil have the right to hold the policies tirtd renewnls. If l.cnder requires,f3onower shall promptly givc to Lender nU rcceipG+ -LL=_��='"''"'�'=
<br /> of paid premiums and renewnl notices. In the event of tos�, Botrower shnll give prompt notice to the insuranee enirier nnd --
<br />_ Lender. Lc:nder nr+y iuuke prouF of luss if not nuide prompUy by Durrowcr. ' - ,S;rR;`�''" -_
<br /> �.�;. zr,i�_=.
<br /> Unless Lender nnd Borrowcr othcrwisc agrcc in writing,insurancc procccds shall 6e applicd to restorution�r repair af . ,�A.,�_-__
<br />• �� rest�rato nrty�rd,e i�ged,not ec nom calln tea�b e or�Lender s seclurite1would b lessened, tft u ntyurnncet 'acecaa�snnn�ne � � " .*�����"�t��x
<br /> • P r y P - ��ii.�'m�.:-
<br /> ° applied to the sums secured by this Security Instrument, whether or not then due, with uny excess puid ta Borcower. If � .�•:�..�s
<br /> Dorrower abandons the Property,or does not answcr within 30 days n notice f'rom Lc:nder that thc insurancc carrier hns ��^�C��-
<br /> offered to settle a cla�im,then Lender may collect the insurance proceeds. Gender may use the praceeds to repair or restare �.:..,.,:,�,,:'�,-y��'�;-__
<br /> the!'roperty or to pay sums secured by this Security[nstrument,whether or�iut t0en due. The 30-dny period will begin when ` Y_;�.,,:y; -
<br />' thc noticc is given. ''L`'"`'� ° ��
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<br /> �,ti�:•�;�.
<br /> Unless Lender and Bonower otherwise ngree in writing,any application of pinceeds to principal shall not extend or �_ .;�irf,��""�:.
<br /> postpone the due dnYe of the monthly paymenu rcferred to in puugr.tphs I and 2 or change Ate amount of thc payments. If � •� , ,;,,;;,�,�,.�
<br /> � �� under parngraph 21 the Praperty is acquired by Lender, Borrowerti �tight to any insurnnce policies and proceeds resulting � �.,^
<br /> • from dumu�e to thc Property prior to the acquisition shall pass to Lendcr to thc extent of the sums secured by this Security � ,,,;�;�„�;;,,�
<br /> Inswment immediately prior to the acquisition. �• M":......_-�"�"
<br /> 6. Otcupancy, Preservation. Maiutenance and Protectton oP the Propprty; Borrower's I.oan Applict�tlon; •?"�a�;+��'�!?�
<br /> Leuseholds. B�rrower shall occupy, esiablish,and use the Properry ns Borrower'.s principal residence wirhin sixry days ufter �'!"`"�'-�' '°
<br /> the execution of this Security[nstrument and shall continue to occupy the Property as Borrower's principal residence for at � - �����'"��"'� -
<br /> " least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be ; � �.�;-�:.=,
<br /> unrcasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control. Bo�7ower shall not • - ... -
<br /> ��,.�,.:;.. :�. .
<br /> destroy,damage or impair the Property.aUow the Property to deteriorate,or commit waste on the Property. Borrower shall ;�fi..- .�•.•�
<br /> be in default if any forfeiture action or proceeding, whether civil or criminal,is begun that in Lender's good faith judgmcnt �=
<br />::`� � could result in forfeiture of the 1'roperiy or othenvise materially imp�ir the lien created by this Security Instrumant or � 1���";?�,��•.�
<br /> � Lender's security intcrest. Borrower may cure such a default and reinstute,us provided in puragraph l8,by causing the action " r'.�i:�—
<br /> or procceding to be dismissed with a ruli ng that,in Lenderk good faith dctcrniination,precludes forfeiture of the Borrower?s ����'�='�"-�, __
<br /> interest in the Prope��[y or other mnterial impairment of the lien created by this Security Instrument or Lender's security ' • ��
<br /> interest. Borrower shall also be in default if Horrower, during the IoAn application process, gave materially false or . � ,��
<br /> inaccurate information or statements to Lender(or failcd to provide Lcnder with uny material informntion)in connection with , ,�,;,
<br />—____.—__'_ ..v:.7.. n.l {... � n Nn innL� mo I�nt n�t li��fn tm m� ncn tutinnc rn r�. i o nI7nWPTC nr���n�nrv !lf ��1P
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<br /> � Propeny as a principal residence. If this Securiry Instrument is on a Ieasehold,Borrower shull comply with atl the provisiohs .
<br /> of the lense. If Borrower acquires fce title to the Property,the Ieu,ehold and the fce title shall not merge unless Lender agrees � h.
<br /> ' .. to the mergcr in writing. . ;� ..
<br /> � 7. Protectton of Lender's Rights in the Property. If Borrower fails to perform the crncnants and agreemcnts 'i
<br /> , eontttined in this Security Instrument,or there is a legul proccedin� Ihat may significantly affect Lender's rights in the , t�.`��
<br /> Property(such ns a proceeding in bankru�tcy,probate,for condemnation o�forfeiture or to enforce laws or regulations),then ;�" .,
<br /> Lender m�y do and pay for whatever is necessary to protect the valuc of the Propeny und Lender's rights in the Propeny. r
<br /> Lender'.s actions may include paying any sums secured by u lien which has priority over this Securiry[nstrument,uppenring ' •
<br /> „ in court,puying rcnsonablc attorneys'fees and entering on thc Property to makc rcpuirs. Although Lender may takc action '• .�,
<br /> undcr this para�raph 7,Lcndcr does nat have to do so. �'�"""''
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Security Instrumcnt. Unlcss Borrowcr and Lcndcr agrce to othcr tcrms of payment,thesc umounts shall�car intcrest from thc ,
<br /> datc of disbwsemcnt at the Note rate and shall be payablc, �vith intcrcxt, upon noticc from Lendcr ro Borcower mqucsting r•, ' ,��,
<br /> payment. , ' ;' r
<br /> 8. Mortgnge Insurunee. If Lender reyuired mortgagc in�urance as a condition of making the loan ,ccured by this
<br /> ' ' - Security Inst►ument. Borcower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any � ��
<br /> reason, the monguge insurancc covera�;e reyuired hy Lender I.ipses or ceases to be in effect, Borrower shall pay the r�.'
<br />-� premiums required to obtain coverage subst:tntially equivalent to the mortgaee insurance previously in effect, at a cost ^ ��;�
<br /> �� substantiaUy equivalent to the cost to Borrowcr of the mongagc insurancc previously in effect,from an ahcrn�tc mortguge � •
<br /> insurer approved by Lender. If substantially eyuivalcnt mortgage insurancc cuvcragc is not availablc,Borrowcr shall pay to ;
<br /> Lendcr each month a sum equxl to une-twelfth of the yeurly mortgage insurarice premium being paid by Borrower when thc � " � �;.3
<br /> insurance coverage Inpscd or ccased to bc in effcct. Lcndcr will accept,use and retain thcsc paymcnts as a loss rescrvc in licu , ��„ '
<br /> : „ of m�rtgage insurnnce. Loss reservc payments may no longer be requircd,ut the option �f Lcnder, if mortgage insurance ` , S: �
<br /> . coveragc(in Ihe nmount and for the period that Lender requires) provided by an insurer approved by Lender aguin bccomes f • � '.
<br /> • avnilable and is obtained.Borrower shall pay the premiums reyuired to mainpiin mortgage insursnce in effect,or to provide a � ^
<br /> ' loss reserve,uneil the requirement for mortgagc insurance ends in accordance with:iny written agrcement bctwcen Bonower � �
<br /> and Lcnder or applicublc law. '
<br /> 9. Inspeetion. Lender or its agcnt may make reasonablc entrics upon and inspections of thc Property. Lendcr shall I y
<br /> � give$on•ower notice�it the timc of or prior to an inspection specifying rcasonable causc for the inspection. I „
<br /> , 10. Condemnation. The proceeds of any awnrd or claim for dnmages,direct or consequential,in connection with any "'
<br /> i �s
<br /> Single Family•-I�unnfe MneJF�.Yldte Mnc UNII�ORM INSTROMFNT•-Unifarm Covenan[, 9/90 lpage.f�,;4 pu�;esl ,
<br /> Grcat Intea 6ramese Yams.Inc.■ '
<br /> - ToOrdrcGall:In00fi1493A30MA%014781•1131 � ,
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