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<br />��`� -'��='- " .'.:>'� periods that I.ender requires. The insuranee carrier providin��he insua�nce shiill be chosen by 13arru�ver subject w I.ender's �;Ly'
<br /> `•"p'` � � upproval which shall not be unreasonabty withhelA. if Dorrower fnils ta mnintnin caver�ge descriixd i�lx►ve,�.�►,a���n��y,at _u
<br />__:�'_,�„_,, rs . J..cnder's option,oUtuin coverage to protcct L.cnderw rights in the Praperty in nccordimce wi�h parnrraph 7. _�.�;
<br /> --_'�`"xd�''�'�'`""�� All insurance palicies and renewals shall he acceptoble to Lcniler nnd shall incluue a stundard mnrignge cliiune. Lender �°
<br />-:n-;��-. •
<br /> - < �� si�all have the ri�ht to hald thc policics and renewnls, lf l.cndcr rcqu;res,Barrower shall prnmptly givc to Lcnder:QI reccipts -.��;,,_
<br /> . ._
<br /> _-�>,���;K.�;�14�;:'';� � of paid premiums and renewal notices. In the event af loss,Borrow�r.l�ull�;ive py'ampt nuticc to thc intiurnnr� ci+rrier imd �
<br /> —��"`'"'�`�`��' '��"n Lertdcr. Lender may mulce proof of loss if not made promptly by Borrowcr. ��=-"
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<br /> � Unless Lender and Barrower atherwise ngree in writin�,insurnnce piocecds shall be applied to restorution ur repair o . i��,.
<br /> ,ar..• �
<br /> :,;� � the Property dwnaged, if the�storation or repair is cconomically fcasiblc nnd Lendcr� scrurity is not Icssened. If thc ,
<br /> restoration or repair is not economicully fca�i'ole or I.ender+ sccurity would b�: Iesscned, the insurunce procceds shull be D�"�
<br /> ;�;, .,;, , applied to the sums sr.curcd by this Security Instnimcnt, whether or noi thcn due,with any cxccss paid to Borrawcr. If �,�•
<br /> Borrower abandons the Propeay,or does not unswcr within 30 days a noticc from L.ender that the insurancc carcier has ':�
<br /> =-��'.. � offeted to senle a claim,then Lender mny callect the insur.lnce proceeds. Lender mny use the procecds to repair or rcstore
<br /> ;'�` �� , ° the Propeny or ro pay sums secured by this Security Instrument,whethcr or not then due. The 30-day period will begin when , r�--
<br />- � the notice is given. ' �
<br /> ,�'a .. Unless Lender und Borrower othcrwisc agree in writing,any upplication of procecds to principal shall not extcnd or
<br /> :'� � pastpone the due date of the monthly payments rcfcrrcd to in pa�ugraphs I und 2 or change thc amount of the plymcnts. If
<br /> :;�°'' � under paragraph 21 the Property is acquired by Lender, 8orrower's• nght to any insurance policies and praceeds resulting .� `
<br /> !� nor to the ac uisition shall ass to Lender ro the extent of the sums secumd by this Security t
<br /> from damuge to[he Property p ' 9 P "��
<br /> .•�'"� �l ..Vti''�
<br /> - Insmimcnt immediately prio�to the acquisition. Borrower's Loan Applicatton; •
<br /> 6. Occupancy, Preservutioa, Mt►Intenance und Protection of the Property; _
<br />- ILcASeholds. aorrower shnll occupy,establish,and use the Properiy as Borrower's principal residence within sixty days after -�
<br /> � the execution of this Security Instrument and shall continue to occupy tl�e Property ns Borrowert principal residenr.e for at , � �
<br /> •�, • least one year after the datc of occupancy, unless Lender otherwise agrees in writing, which consent shuU not be y.�
<br /> j unreasonably withheld,or unless extenuating circumstnnces exist which are beyond Boaower's control. Dorrower shall not T,�
<br /> � destroy,damage or impair thc Propeny, allow thc Property to deteriorate,or commi[waste on[he Property. Borrower shall ,�-„�.�.
<br /> � . lx:in default if nny forfeitun action or proceeding, whether civil or criminal,is begun thut in Gender's good faith judgmetit ��
<br /> �' ' could result in forfeiture of the P�nperty or otherwise mnterially impair the lien created by this Security Instn►ment or �`-
<br /> Lendor's security interest. Barrower may cure such a default and ieinstate,as provided in paragraph 18,by causing the uction �'�e��� �
<br /> or pmceeding to be dismisse d wit h a n►ling t h a t,i n Lender's good fuith determination,precludes forfeiture of the Borrowerw S :ji�;;.,::'�:
<br /> � � interest in the Property or other material impairment of the lien created by this Securi[y Instrument or Lender's security `' b�':'
<br /> interest. Borrawer shall also be in defnult if Borrower, during the loan application process, gave materially false or �--
<br /> � � '" inaccurate informotion or statemen[s ro Lenaer(ur tuiicd io p��z iuc L�;c:�;::':s•"•w�;"'•^r�.�;_�I inf�rmntionl in connection with � � _.,�—•_
<br /> � tlie loan evidenced by the Note, including, but not limited to, representutions conceming Borcower's occupnncy of the �, ,': �
<br /> Property as a principal residence. If this Security Instrument is on a leasehold,Borrower shull comply with all the provisions :�s�
<br /> of the lease. If Borrower acquires fee title to the Propeny,the leuschold�md the fcc title shall not mcr�e unless Lender agrecs ' �r': �,p
<br /> 'i to the merger in writing. . ��� � �
<br /> 7. Protectton oP Lender's Rights iu the Property. If Bortowcr fails to perform the covenants and agreements i»;':
<br />_ � • contai�ted in this Security Instrument, or there is n legal proceeding that may significantly affect Lender's rights in the . .
<br />. • � . Property(such as a proceeding in bankruptcy.probate,for condemnation or forfciturc or tu enforce laws or regul�tions),the:n •1��-� � ���
<br /> • Lender may do and pay for whatever is necessary to protect the value of the Propercy and Lender's rights in the Property. f�;• ,,�;
<br />.- •• � �� • Lender's uetions may iaclude payinb any sum�secured by a lien which ha.c priority over this Security Instrument,appearing �' • �
<br /> " in r.ourt,paying reasonable nttomeys'fees and entering on the Property ro make rcpairs. Although Lender may tnke t�ction �+i' �
<br /> • under this paragraph 7,Lender da:s not have to do sa ��'� •�
<br /> , „ Any amounts disbursed by Lender under this paragraph 7 sh.Ql become udditional debt of Bonower secured by this ��� ';'s.'�
<br /> - � Security Instrument. Unless Barrower and Lcndcr agrce to other tenr�s of puyment,these amounts shall bear interest from the :�., '����
<br /> ` � ` " datc of disbursement at the Note rate and shall be payablc,with intcrest,upon noticc frorn Lender to Borrower requestin� �w�_,..
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<br /> . .+y. p�yment. �, :t. ; � r �:_.
<br /> 8. Mortgage Insurance. If Lender requircd mortgagc insurance as a condition of making thc lo�n secured by this : .�., _
<br /> , �� �,• . Security Instrument, Borro�ver shull pay the premiums rcyuired to maintain the mongage insurance in effect. If, for any �
<br /> � renson, the mort�age insunnce coveragc required by l.ender lapses or cexses to be in effect, Bonower shall pay the :,
<br /> ' ' prcmiums required to obtain coverage substantially eyuivalent to Ihe mortgage insurance previously in effect, at a cost �� .
<br /> � substantiully equivalent to the cost to Borrower of thc mongage insurance previously in effect,from an alternate mongnge �
<br />� insurer approved by Lerder. If substantially eyuivalent monsase insiirance�overase is not available,Bon•ower shall pay to ,..��
<br />: d r each n�onth a sum ual to one-twelfth uf the yearly mortgage insurance premium being paid by Borrower when the , �,;�!;'
<br /> �. Lcn e �l
<br />: � insurance coverage lapsed or ceased to be in effect. Lender wdl uceept,use and retain thesc payments as n luss reserve in lieu +Y,,, Y.��,
<br />- of mortga�e insurance. Loss reservc pnyments muy no longer be reyuircd,at thc option of Lender,if mortgagc insurance . �;�;
<br /> _ ; coversge(in the:unount und for thc period that Lender rcyuiresl provided by an insumr approved by Lendcr ugain becomes
<br /> avnilublc and is obtnincd.Borrower shall pay the promiums rc;yuirt;d to muintain mortgagc insurancc in effect,or to providc a �'�i
<br /> loss reserve,until the reyuirement for mortguge insurance ends in aaosdance with any written�greement between Borrower , , ,`,_
<br />- ` and Lender or applicable law. - `
<br />- t .. � 9. Inspeetton. Lc�nder or its agent may mnkc reasonablc cntries upon nnd inspcctions of the Property. Lender shull ;x ,
<br /> ' give Borrower notice at the time of or prior to an inspcetion specifying reasonable cause for the inspection. ; � �
<br /> • .. 10. Condemnallon. The proceeds of uny awatd or claim for damages,direct or consequential,in connection with any q'
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<br /> � Sin�;le Faniily--FYnnte htnelFYcddle M1tnc UNI��RM INSTRUMI?NT--Unifomi Covcnan�s 9�90 /paRP 3 orh I�ugesl ,
<br /> Grcat INn Busln�Fa+na Inc.� �
<br /> To O�dcr Cu�l: 1�OP6300.'i24 O YAX 0167�1•1131 'tl.
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