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<br /> ��ctirKls tf,at I.�enclec ieqiure9. 7�:e iusurance c�rricr�-�rovtdin�;tL;;insucas�ce shap t;�chusen by Tlorr„w��*suhject to I,cnde�rb .. -_
<br /> :�j.s.�a�L'.i�tii�l�:i�i.:l��li{��...:latit�::.,;::�{:.ii�J�:liilj:::�(�� if'�'.Ui�lll'::,e�.:Ij��Ia iil:lf:l�.:�:1 C�3:':F:.a.::(;;.'.':.:'l�:�S:S.'."'.�b:.i.'�:F:i:.�. «t
<br /> Lende�:v optiun,ohtain covtrage to protect Lertder:s rights im tht Property irt aceordat�ce witl�puragraph 7.
<br /> A!i insurance pofi�!es nnd renewals sliall Ise acce�table to I,cndcr and ehal!include a stendard n�ortgagc dausc. Lcnder -
<br /> chsll fiavet}ce cigl�t ta liot�tt�e pollcics nnd reticwxis. If Lender requlres,BonotNCS shiiii promptly�ive to I,cnc�er nlI recciEzt,
<br /> of paid prc�x�iums arid renewal notices. In the evcnt af lass,Borrowcr shall �ive�rompt noti4e to tha insuranc�carrief'as�d
<br /> Lcnder, Lcnder n�ay malce proof of I�ss if.nut m.ide prompdy by Bottower.
<br /> U�iless I.ender:uid k3orcower otherwise agree in writing,insurnnce proceeds shall be applicd to restorauoi3 or repa�► of —
<br /> titr Fwpe�iy�lw,�ugsd,if th� reatu�ation or T��aie i�zwua,yicaliy teasiDte u��d i.endej'3 security is not lessened. [f t,iz •
<br /> rcstoration or rap�s is not econorsiectqy feasiUte or Lender's security would bs tessened,the ins�ura�ice pxoceeds shall 1x
<br /> appl{ed to the sums.secure.�l by this Securiry instNn�ent,+v}ecQ�er ar not theiz due, w�th any excess paid to Borcowes. If
<br /> Burrower ab�indans d;e�'ropeny,or docs not answer withii�.3Q days a noetre from Lender that !he insurance carrACr has
<br /> offere�Eo settle a elnim,then L.ender may caltect the ii��ur.uice praceeds. [.ender may� use the proceeds to repnsr or mstcre
<br /> the F'ropeny or to pay sums secured by this Security Instrument,�vhe�her or not d�en duu. Th�30•day period wi![begin wlien
<br /> tha noticc is givcn.
<br /> lJnless I.,endcr anJ Porcower othenvisc: a�rec in writins,any npplication of proceeds to principa) sho.11 not exsend or
<br /> postpnne ihe due date of the manthly payments refcrred ro in partgriphs 1 and 2 or cli�.nge thc amowit of the paymcnts. IF
<br /> under paragnph 21 the Property is aequired by Lender.Borrotiv�r�s right to any insur�nce policies and proceeds msutYi°pg '
<br /> from dam�ge ro the Pro�x:ny prior tn�he acquis'stion shall p�s�tai.cnder ro the cxtent�f thc st!ms secnred by�his Securi�y, ,_
<br /> Instcument immcdiately prior to the acquesttian. " �
<br /> 6. (3ccu�Ancy, Pr�servelton, Mainten�nce and ProtecRlon uf th�e �roUerty; Aorrow�r's I.oan A,pplicAt[on;
<br /> Lenseh�rlds. Qorrower shall occupy,establish,and use the Pcoperty ns Borrower's principal residence wItliiii sixty days after '
<br /> the ea�ccution of clus Sccuriry �nstrument�nd shall continue to qacypy the Property as Borrawer's priacipal residence far. at
<br /> leasi one year aftcr thc d�te af occupancy, unless Lender othenvise'ugrees in writing, wh{cl� cansent slialt not be
<br /> unreasonabiy withheld,or unless extenunting circumstances exist��hich are beyond Borrower's co�itrol. Borrower shall not
<br /> destroy,daxnage or impai�•the Property.aUow thc Propeny to deterloratc,or commit�v:xste on thc Froperty. Borruwcr shall
<br /> be in default if any fodeitu�action or nzoceeding,whetl�er civil or criminnl,is begun that in Lender's�ood f�ith judgment
<br /> could resuft in forfeiture of the Property or otherwise materiaily impair the lien created by this Sace.raty ]nstn►ment or
<br /> I�nrlc�r'r.sc+r.��ri! intrmxt R�n�wgr nm curr.aur�i n tiPf�u�����1 re_.inctatp,ag snyjrlrrl�� �o i� ]R,hvo�uc d thrt�r�inn
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<br /> or procceJing to be dismissed with u ruling that,in Lender S good itatl�determination,precludes forfeiture of thr;Sorco�vez�
<br /> interest in the Ptoperiy or other mntcrial impairment of the lien created by this Securiry Instrumr.nt or L,cuder's sed�*ity
<br /> intcrest. Borro�eer sh�ll also be in ctefault if 8orrowee, during the loan application process, gnve m,?�ri:illy fulse or
<br /> fnaccurate informatio�or statements tu[.ender(or faiied to provide Lender wit'�any mate�ial infotmation)in ronneclion with
<br /> the lo�t evidenc:.d by the Note, includir,g, but not limited to, representaiions r.onceming Dorrowcr's �ccupuncy of tlie
<br /> Property as a principal residence. If thls Sezurity Inswment is an a]eas�hold,Borrower shall comply with all the provlsx•ons
<br /> of tha lease. If Donower:tcquires fee titic to the Property.the leasehold and the fec tide shall not mer�e unless I.ender aZta�,css -
<br /> ro the merger In writing.
<br /> 7. Protactiun of Lender's Ri�lsts in the ProperSy. If Borrower f«i!� ta r.:Fasr.: :l;c cc.�a:.:�w ^^:.' w,.r,.°„cments —
<br /> r.ontained in this �ecurity Ynsuument, or there is a legal proceedin� that mny significantly affect Lender's rights in tl�e
<br /> °roperty(such as a proceedin�in ba�ilcruptcy,probate,for conde�nnaUon or forfeiture or to enforce taws or regulatians),then
<br /> Lender may do und pay for whntever is necessary to protect tl�e value of the�ropeny and Lender3 rights in thc�Prope.rty.
<br /> Lender's•actions mny include paying any sums secu�+ed by a lien a�vhich has priority over this Security Instrument,nppe:u�ing
<br />, in court,payin�reasonable attomcys'fees and entcring an the 9'roperty to makc repairs.Althangh Lentl:r m�y ui::e acti��n =-
<br /> un�cr this Raragmph 7,L�ndcr doss not have to do so. � m.
<br /> Any amounts dasbursed by Lender under dus�azagraph 7 shAll beconle udditional dcbt of Aorro�ver secured by this --_.
<br /> Security Instzument. Unless Borro�ver:uid l,endcr agme to o�er terms af paymcnt,thcse amounts shnll bcar interest frrzm the _
<br /> datc of disbursement at►.he Note ratc and shall be payable.�vi���nterest,upon noticc from Lender to E3orrower requesting
<br /> payment. - —
<br /> S. Martgage Insurance. lf I.ender required mortgage insurance:is a condition of making the Io:u�secured by this
<br /> Securiry Instrument, Borrower shall pay the premiums required to muintain tfw morlgage insurmce in e�fect. If,far any �,�
<br /> mason, the mortbage insurance coverage requircd by Lender lapses or ceases to be in effe�t, �orrower shnll pay tlie ��
<br /> premiums required to obklin coverage substanti;illy equivalent to the moR�nge insurancc previ�usly in effect, ut n cost „�;_.=
<br /> substlnti.'.!y equival..nt to thc cost to Borrower of thc mortgaga insurance previously in effect,from un alternate mort�a,ge ���
<br /> insurer approved by Lcndcr. lf substantially equivalent mortsage insurance cavcr�gc is not avnilable,Bonowcr shall p1y 10 �.g`�
<br /> Lendcr each month a sum equa!to one-tweltth of the yearly mortgage insurince premium being p�id by Borrower when t3�e �'�:
<br /> insurance coverage lupsed or ceased to be in effect. Lendcr will accept,use and retain these paymcnts as a loss rescrve in lic� '�'''
<br /> �,....
<br /> of mortgage insurance. Loss reservc payments muy no longer be req:►ired, at�he option of Lender,if mongege insurance
<br /> coverage(irn the amount and for th�periud that Lcndcr requires)provided by an insumr a�proved by Lender again becornrs
<br /> availablc and is obtaincd. Borrower shall pay the premiums requined to maintain morPgage ihstuance in effCCt,or to provicle n
<br /> loss rescrvc,until the rcquircizient far man�age insurance ends in�ccordance with:uiy writton agneement between Borrowar
<br /> u►d Lendcr or applicable law.
<br /> 9. Ias�ectlon. Lender or its agcnt may make reasonable entries upon mid inspections uf die Property. Lender sh�dl
<br /> give Borrotiver notice at the time of oc prior to an insp�ction specifying mason:tble cause for the inspection.
<br /> 10. C�ndemQatlon. The proceeds of uny:;wnrd or claim for damages,direct or cnnsequential,in connection witl�any
<br /> Slnric Family•-Cannie MeMi}cddte Mnc UNICORM1IINSTRUR9GNT--Uniform Covcnanu 9l90 (page 3 oj6 pagea►
<br /> Crwt Icf.a Bc!n'99 Fom?.I:a■
<br /> io OrCCr CNI:1a00fi309393 O MAX 0167D1•1 L31
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