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<br /> ..�siuds thas Lezder�equires. The insurt�sr�earsier pmvi6in�the iusuaance shali be chasea 6y Bormwea subject tn Leader'� ^� .� _-
<br /> �pmvs�w�ictt sh�cei be,um�sonabJy withh�i�. IF Bmrnwer faib to maintain coverage describe�i abave.Lender rnaY,at `�=_a�--• ----- -
<br /> I.�nd.tls opt[oa,ahrrin ccsver�r*e w pratect L�iidse's a�bts in ths Fmg�rty in acxordanca witi�paragiapi�7. , ��**�_ _----
<br /> � ,4It insutartse policies an��newaLs sttaU 6`aflceptabTe to Lepder znd sh�tt iacIude u standard martg�;a ct�use i.end�r �. = --
<br /> - � sl�s}!have the ri�ttt tu haTB tke pfllicies and renewats. If Lender�quires.Boarsswer shalt promptiy give t�LendPr all;eceipts' . � ��G =-
<br /> : of pu�,ptemiums and re�wa!notices. In the evem of toss.Bmrrower sltall give pmmpt�aace to the insin�ance cnmer and ��=.- . "-
<br /> ` t.ender. i�der may make pmQf ef toss if aot mzde pm�ptiy by Bolro�ver. ��'+�'� �-_
<br /> ' � Ldnte�.s Lead�r and Boaatver othera+ise agee in wrixutg,insurance grocee�s 3h;1!be applied to�estotasiain or tepair of ' "~---�, =`$
<br /> . ' .the Frop.�rty dazaag�d,if the restora�an or repa�r is economicalty'feasib2e and Lerider's secvrity as not te�ened. {t tlte �- ,� ��°k,���`�` �
<br /> sestorattaa or repair�s noL economic,�lty feasibie or I�enderis security would 6e t�ssened.the 'snsurance proe�xds shal!Is� 'L�-y�:R.� �.`� �
<br /> e "
<br /> .. agpii�d to�ihs�:rns sec�by ttus Security Insuvrnen�ahether ar noi then due.with any�xcess paid to I3or.ourer. if '��'-':;. '.."�`'� . . _-.
<br /> ,,;,:�. ,.-;�:<—
<br /> . Bss:rm�ier ssb�ioas the Fi+o-�,or d�s ns�i aztsNreY wiihi�30 slays a nntice 5rom Le�sder that the insurance carries has r'._:-:_.i___• _��:3,...•:_ -
<br /> . �er�1 to settle a claim:thea Leader�nay coftect tlte i�surance proceeds. Lender may use the piviceeds to tep�r or restore .fz:. °. � ,. `: =�.�
<br /> r a.:..- �S�-�` � 'f��.1'�•�
<br /> ti�e Pt,operty or to pay sums,seaued by ttus Se�rity InsWmen�wAether or not then dae. 'i'hs 3�day period will(s�gin when �;,.._,.t,.,._.. . ,; ,� ���.�
<br /> : . _. th�nnfice is¢ivga.�= r ;� � z �-�,.�
<br /> Unless Lende=and Bonower othe�avise ag�ee w writmg,any upplicarion of proceeds to principal.shall not extend or , ���:.�:��°�__`:�
<br /> . �ostpone the d.ae date of tIte monitx�y.payments refer�w in paragaphs i and 2 or change the amount of the payments. If , ��"..�.
<br /> t:�r�:�'N .
<br /> - under parag�ap�'21 the Prag�ty,�s acqqiced by Lender.Boaawer's right to any insucance policies and'pmceeds resultirsg '.�'�%x:�:.�'.,�-�
<br /> �_�:••' `� ��. ,• 53;;.-.
<br /> ' from damage to tke Pmperty�isipr,lq the.�qnisition s1�a11 pass.tn 1.ender to the eateat of the sums secured by this Security - - -. -
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<br /> Ins�muent immetiately prior m the acquisition. � ,:;, ,,•,�:�_--°-
<br /> 6� Qscupaacg,.Preseeva4iore, Msiafenauce a�nd,Pratertfma af !he Pro , ` �. �-�---
<br /> � P�9i Basrower's Loan AppllsaZfom: � �A;,�...��,-,�����
<br /> LFagef�oids.Bolsower shall oa:upy.estsblis ,and use the Property as Borrower's principal�esidence within sixty days aher • �t�r��-_�--.---
<br /> ', ,�„�,..,�.---
<br /> the eaecutian of this Secarity Insuument aa shall contiaqe.to aecupy the Proparty as Bornower's prineipal s+esidence for at .�:�,,,;�;,�-._;.: -
<br /> ieast oa� ear after the date of .Y`� •, -���_m�
<br /> y �apancy, on2ess Lender othenvise agrees in writing,wiuch consent shall not 6e Q,`�-Y,jt _ �:�..
<br /> ' aus�asonably a+ithheld,or ariless eutenuating ci�umstaaces exisi wiuch are Aeyond Bormwer�cantrol. Horiawer s6a11 r�ot fa�a ""�
<br /> or the ailow tbe Pmper[y to detEriante.or wmmit waste on tf�e Prapertyr. Bar4uWer shati ='�:''��'.� -_'"'�-m="'
<br /> d�hroY.damage impair Prage:ty= � �.� � � __z_
<br /> . .be in de�auIt if any forfeiteue�.rion or prpceeding,whether civ�or criminal.is begvn that in�er.der s got�d faitA,jud�Cnent r, <�-�
<br /> � conkl iesuIt in farfeintte of the Pmperty�ar,ottcervrise materialty impair the lien created by this.Security Ins�ument ar [�_zu� :-�%-�-_ `�—
<br /> , LenderTS security intemt Borrower may cuce such a defanit and reinstate,as provided in paragra�OJ�,l8,by causing the acdon � -.'�•����:�.�
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<br /> or proceeding ta.6e dismissed with a mling th�,in Lender�s gaod faith determinatiau,ptecludes forfeitut�of the Barrower's �`; , . ��
<br /> �..,
<br /> i�erest in the Ptoperty or other material impairment of the lien created by this.Security Iasavmam ar L.ender§securiry t:,z�=';-= -�
<br /> � iate�s� $amnwer shall also be in defuplt if Bomnwer, during the loan application process, gave maierialJp false or �;'_�ls'�'� _ :.��_,.. �
<br /> �naccurate infarmation or statem�its to Lender(ur failed to provide Lender with any material information)in conetection with �; ';•;.�-r '<°
<br /> the loan evidenced by the Note. inclading, but not limited to, repr�sea.tati,ons conceming Bartowe�'s occupancy of the .�.._ �
<br /> Pto as a ci a1,residence. If thIs Securi Instrument is on a leased�told,.Borrower shall com I with all the visions �'"•'�•`.� '
<br /> F�:' P� P �Y P Y Pro ,�,,��.;. :,`::
<br /> , • �r�tbe leate. If Borrawer acquims fee titIe to the Property„tFaz leasehold and the fee tii�:<:shall not merge unle5s Lender ag�ees •�;r,... _�,_
<br /> ' t ZED{�1C I1lCfgef III WiiLIII$. . � - : m�
<br /> ' ?: �rotectlusi of Lender's Rigdts in t����'�°�'4, If BorroNer�faiLs.w,�rf�m the cavena�tts and agreements ,��.`,..�r�:;;._
<br /> contained in this 5ecurity Insdvment,�or tt�i.:�a�sg,:.E'•�mceeding,:ttra�r•�s��u#3c�asly affr.�c•f.ender's rights in the ���� ,' �
<br /> ��` � Property(such as a proceeding en banis�prcy,pzis�a[e,far wndemnatictL'at G,cf�t�rnr:a enforce taws or regulations)>then , T a�� ' . .
<br /> ':' Lender may do and pay for whatever is necessary to pret�ct the value nf(fi��ta�ty �.1d Lertde�s s�ghts in the Property. "` � �' �
<br /> Lender's a�tions may include paying any sums secured by w:�[en which�priorit��v�x this Secwity Insmiment,appearing j,:.�:4„;� � • �
<br /> in cowt,gaying reasanabie attomeys'fees and entering ase.tf:e Properry to make repaiis.Ahhough Lender may iske action �=�,;�Y,,•• ''
<br /> under Uris paragraph 7.Lender daes not have to do so. "��'� ••';'� ����:
<br /> Any umnunts disbnrszd by Lender und,er this paragraph 7 shall become additional debt af Borrower secured by this • . � " `:�.� w
<br /> Security Insaument Uniess Borrower and l.euder agree to other terms of paymen�these amounts sha116ear interest from the ` ;.j-.��
<br /> date of disbursement at the Note rate and�shall be payable.with interest.upon nodce frum l.ender to Borrower requesting � �.j^;;' ;%- ;�
<br /> '�.���;;. �:
<br /> . pay�n�Mort g a ge Is�surance. If Lertder r e x�uired m o rt�b e insurance.as a condiii:an.of makin g the loan secured.b y this `�'���?'��.�- �`��
<br /> ;:�sy;?. ..:...-.��:.
<br /> . 5ea:rity Instnrment, Borrowet�ir3U pay the premiwns rer,-�ired to maintain the eur�e insurance in effec� [f.for any '';�,-. •�?�r�.=- :.'�
<br /> � reawn, the mortgage insuran�e coverage eequir�ed by Lender lapses ar c.eases to�e in effec� Borrower shall �ay the ,'.,<",:"•'"�-�"�;`,...:-��
<br /> �.,,,..,�
<br /> , , pr�miums req�rimd to obtain caverage su63tantially equivalent to the:�rtort�age insuranse p►evioasty in effect,a1 a cost _� :;:5::•:�'��'.'3'�sU'��,=�
<br /> su6$tantially eguivaient to tfcecost to Borrower of the mortgage insuranc:e pceviousIp in effect. fram an altemat�tiiertgage ":�' �,. _ _ ��.• ��•
<br /> .e ,'.�:z ._��r��
<br /> insurer a�rproved by i.en�er. It substantially equivalent mortgage insurartce cover�is not available.8orrower sknli p�y tn .�.;�����;, � ,�=:;
<br /> Lender e�ch m�nth a sum equalto one-t�velfth of the yearly mortgage insurance pt�m being paid by Borrower when the ` �'.i'�; :.t?`�C�";-,J;��::�:
<br /> insuiaace coverage lapssd ar ceased to be in effe��t. Lender wlll aceept,use and retaus these payments as a loss reserve in lieu . -',���= �'
<br /> . of mort insurance. Loss rserve a ents ma no lon er be uired,at.the o Uon of Lender,if mort a e insurance � � �' ��'="'�r �
<br /> SaS� P l+m Y B re9 P � � :,=�,
<br /> coverage(in the amount and for the period that Lender requires)provided by an insursr approved by Lender again 6ecomes -
<br /> � available and is obtained.Bortower shall pay the pmmiums required to maintain mvrtgage insurance in effec�or to provide a � � ` • �
<br /> �,,;,., : --
<br /> Ioss r+eserve,until the requiremena fm mortgage insurance ends in accordance with any written a�reement henveen�orrowet :5.;.;<:� � -- -------
<br /> and Lender ar applicable law. ;��r: ,
<br /> 9. Iusp�tIon. Lendcr or its agent may ma�e r�asonable entries upon and inspecGons of the Property. Lender shall � � • .
<br /> give Botrower nodce at the time of orprior to an inspection specifying reasonab2e cause for the inspeciion. � . _
<br /> 10 Condemnatipn 'if�e proceeds of any awazd or.claim for damages.direct or consequential.in connestion with any
<br /> � . Sltl�le F2mity���te btarlFYeddie 6'fac U;VI60ItAf INS"f'BITMEhT—Unifoim Covenans 9l90 (Oage 3 of b pageJ) . . , .� � .
<br /> LSrav la�ci�Fa�I�e.■
<br /> lb Q�C�1�H00534f/393 O VAR 016,701df�1 . _
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