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<br /> `'� . � , periods that I.ender requeas. The insurance carrier providing the rosur�aa shall be chosen by Borroa�er�bjec�er� __--,-� _
<br /> -t x�' �' - , appmval vvtdcil sh�li aot be unn:asonably withheld if Bor�owet fails to maiRtain cbverage described above.I.ender may.at --
<br /> ^��.-�� �j:..� ' ' Lendes's optian.a6tain covetage to protect Lender�rigtus in the Fmperiy in accordaace with paza�h?. , a,. _
<br /> - �S ` � ` �� pu insurance poGcies�nd�en�•va�s shali t�acceptable w Lebder and skall inctade u staada:d mort�ge clause. Lender
<br /> x_��r �'�,;, . � shall 6ave the right to hotd the pokaes and renewals. If Lender�qui�es.Horrower shall pmmp�iy give to Lenda alZ receipts ��_..- ___ -
<br /> _�,;.,. :: `_.,� :� of paid premiwns and iedewai notices. �the event of loss,Bormwer sttall give prompt nohce to the insurarice caniRr aad �-._-`"''__---.::_---
<br /> � . 's Lender. Lender m.ay make pmof of loss if aat made promptiy by Borrower. . _""�-�
<br /> ;'���,,. ` lCnless Lendes and Bmmwer utherwise agree in writing,insw�ance proceeds shall 6e applied ta restoratiAn or repair of � � -- - -
<br /> . ����µ�.::=-
<br /> , � . .� the psygenyr damaged, if We restoiation or tepair is economically feasibte and Jxnders sec�ity is uoi lessened. If the �� - _
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<br /> - `' cestoratiun or repair is not economically feasible or Lender's sec�mty woul d b e lessen e d,t he ins�ranCe proceeds shall6e . ��,- A" = -
<br /> � ''��`' � applied to the sums secuccd by ti�is Secarity Instrument,whetla�r or not then dne,wIth any excess pai8 to Borrower. If -T�� --
<br /> ��. �Z :�
<br />-,�._ _ <�t._ Harmwec abandons the Pro}rerty, or daes.aot answer a��'st6in 30 days a notice from Lender that d�e ins�ance cairier has ,.* ` <,,R-� -
<br /> offered to settie a ciaim,then Lender may collect she insurance proceeds. Leader may us�the pmceeds to cepair or restore . '" � n,��,t,,�,.
<br /> � the piroperty ar w pay sums secured by this Security Insuument,whetheror not thea due. 'Ii�e 30�day periud will begin wAen • �:� �«.=�.
<br />` t� `� �� �.' � the nodce is given. ' . � . - .. ,�- '• --��t
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<br /> 4�'", . .� • Qntess Lender and Borrower otherr+ise agree in writing•anY applicadon of pcoceeds to princigal shall nnt extend oF �•': �: -•••�-; -
<br /> _ ��, ��._. , rinci ,�-'i-�_�� _�_
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<br /> .. .. , ., postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount af the payments. If ,•��- ,-�.-� �~-
<br /> � .
<br /> � . uader pa�agraph 21 the Pnaperty is acquued by`Lender,Boaower's nght to any insurance policies and proceeds resulting - "� �„`�"x
<br /> � � &om damage to the Property prior to the acquisition shaU pass to Lender to the extent of the sams secuied by this Security . . -�..
<br /> ' , Instrument immediazely prior w dte acquisition. ;�_�
<br /> -:��_:�-M�_
<br /> � � ', � 6. Occupancy, Preservat�on, Maintenance and Protection of t•l�e Propesty; Borrower's Loan Apptic�foa; ` � +''!���`�
<br /> 4 ` �� , .••-. ___s
<br /> � � � I.ease6olds. Bonower shall occupy,establish,and use the Property as Hormwer�principal tesidence wtthin sury days after -�--�=-
<br />. r ° ._ ` ' .'i•�=:�_
<br /> _ � ., the execurion of this Security Instrument and shall continue to occupy the Property as Borrower�principal residence for at . �-:,�:�„_.
<br />_ � . teast one year after the date of occupancy, unless l.ender othertuise agiees in wri6ng. which consent shaU not 6e • .,;:,:�:�Y�'-�.�.
<br /> ,_,.' ' ,, •. un:easonabty withheld.or untess extemiahng ci�umstances exist wlnch aze beyond Botrower's conual. Sorrower shall not '•r� . � �
<br /> � � ` destro , e or im air the allow the Pco to deteriarate.or comtnit waste on the Property. Horrower shall . ' "���`" �:���'•
<br /> Y �8 P �°P�Y• P�3' . .r�=;
<br /> .x. : . be in default if any forfeiture astion or proceeding,wflether civil or crimmal,is begun that in Lendes's good fait8 jadgmept „`•.•,;;.,-_::
<br /> wutd result i�forfeiture of the Property or otherwise materially impair the lien created by this Seciuity inshvment or `',. : ��;..
<br /> +` .� . .":,__;.«..., �•, . _�
<br /> ...; - -:-_:. .. . - -_ -. . .. .. Ltend�r�securi.ty_interes�.Borrower may c�ae such a defanit and reinstate.as rovided in p h 1$,by rausin the acrion -- . - - ---- _..�.w..;�_
<br /> �n P ��P S
<br /> or proceeding to be distnissed arith a ruling that,in�.ender's goodfutTi�Teferm3na6an:preclades�or-feitu�b�dte-Bomnwer's� • %
<br /> . interest in the Properry or other material impairment of the lien created by this Security Inshument or LQader's sec�ity � ° _ • -��
<br /> � : � interest Bormwer shall also be in default if Borrower, during.the loan appGcation process, gave materialIy false or ; ��',G—
<br /> � � ' - • � inaccutate infoTmatian or statements to Lender(or f:Wed to pmvide Lender wiW any material infortnation)in connection with , �-���.
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<br />_ - . � • ° the toan evidenced by the I�Iote, including,but not limited to.representations conceming Borrower's occupancy of the � , . .• ,:�'::._'
<br /> • -• . Property as a prineipal residence. If this Secunty Instn�ment is on a IeaseNoid,Boirmver shall comply with all the provisions -- . J'
<br /> _� • � of the iease. If Borrower acquues fee tide to the Property,the leasehold and the fee title shall not merge unless l.ender agrees . , . .
<br /> .. to the merger in writing.
<br /> � ` • 7. ProLecUon of Leader's Ri ts in the Pro e [f Barrower fails ro erform the covenants and ments � - � ` �
<br /> _ � P �9• P � :-�.�
<br /> . �.� • - contained in this Sec�uity Instrumen�or there is a legal proceeding that may significantly affect Lender's rights in the ._,_. , ,;
<br />� ' • � Property(such as a pmceeding in bankruptcy,pro6ate,far condeau:arion or forfeimre or to enforce laws or regulations),then _r;.:
<br /> � � � ' . Lender may do and pay for whatever is necessary to pmtect the value of the Property and Lender's rights in the Property. •••.:
<br /> . �-.;, .�
<br /> • Lender's actions may include paying any sums secumd by a lien which has priority over this Security Instrument.appearing �- .. • �
<br /> �� � in cour�paying reasonable attomeys'fees and entering on the Property to ma�repairs.Although Lender may take action � . •'��''
<br /> 1� • • under this paragraph�.Lender does not have to do so. � � `�
<br />_ ,. - Any nmounu disbutsed by Lender under this paragraph 7 shall become addirional debt of Bortuwer secured by this . - �-� --;�..,`-�
<br /> � � Security Instrumen� Unless Borrawer and Lender agree to other terms of payment,these amounts shall bear interest from the � •,• ;,.
<br />': � date of disbursement at the Note mte and shall 6e payable.with i�teTes�upon no6ce from Lender to Borrower requess�na � - ",'°�'�
<br /> � . payment ' ,• =;��
<br /> � 8. Mortgage insurance. If Lender required mortgage insurance as a condition of makin�the toan secured by this � '°/- ,.
<br /> - Securiry Inswment.Boaower shall pay the premiums required to maintain U�e mortgage insurance in effecL If,for any
<br /> .,c '; � reason, the mortgage insurance coverage required by Lender �pses or ceases to be in effec� Borrower shal�.pay the . .
<br /> � premiums cequircd to obtain coverage substantially equivalent to the mortgage insurance previously in effect, ut a cost . .
<br />_ � �•. substantially equivalent to the co�t to Borrower of the mortgage insurance previously in effect,from an altemate mortgage •
<br /> insucer approved by L,ender. If substantially equivalent mortgage insurance coverage is not,available.Bocrewer shal!pay to __ `',' '„ _
<br /> - • � Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Burrower when the A..� �. '
<br /> � • ��' insurance coverage lapsed or ceased to be in effect. Lender will accept,use and retain these paymenu as a loss reserve in iieu , .
<br /> � • � of mortgage insurance. Loss reserve payments may no longer be required.at the option of lxnder,if mortgage insurance '
<br /> ; ,. coverage(in the amount and for the penod that Lender requires)provided by as�insurer approved by Lender again becom.es '
<br /> ` . available and is obtained.Borcower shill pay the premiums requ'sred to maintAin mortgage insurance in effec�or to provide a
<br /> , . ; � loss reserve.undl the�equirement for mortgage insutance ends in accordance with any written agreement between Borrower • ' ,
<br /> _ . , and I.ender or applicabte law. . �
<br /> - ' � . . 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Propeny. Lender shall '' � _
<br /> • � � ° , give Botrower notice at the time of or prior tu an inspection specifying reasonable cause for the inspection. � : ' ' .
<br /> : ' . 10. CoademnatQon. 77ie proceeds of any award or claim for damages.direct or consequendal,in connection with any . .
<br /> r - , �• . Single Famiiy-Faaate MaelFredQle Mae UN150RM INS712l.LHENT--Uniform Covenants 9I90 Ipage 9 oj6 pa�ea) � ' "
<br /> � taeat tat.�a�m�vacsse.ma■ ! .
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