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<br /> __ ___�y � p�rt�s that l.c�der rcquires. '1'he insuranca carrier pmviding the insurance sh�ll Iw chosen by BocFOwer subJect to l.cnderk
<br /> -"�"'°=-� np�roval whfch shnll not bc unrcasonlbly�vithhcicl. If Ila�ro�vcr fnils to mlintatn coveng�dcscrib�d abave,L.cnder may,at _
<br /> l.ender's option,obtuln coverage to p:otect Lender�rights in the E'rat�erty iu sccordance with paragrapl�7. �-
<br /> Aq Insumnce polieies und ren�wals shull be ucceptnble to Lender and shall include a standard mortgage clause. I.ender
<br /> �� shall havc the right to hold the policies and re�ownls. ][f l..ender requirey,Bo�towcr shsill promptly give to l.ender�p receipts ,
<br /> - - - of paid premiums and rencwnl notices. In the cvc�z:�?.�vss,Borrower shall&ive prompt noticc to the insurance r.arrier and
<br /> -- Lender. l.ender mny make proof oF loss if not mac�v��a:~ptly by Borrower.
<br /> _,,,;��;�,�='�„� llei'zs5 l.ender end Uorrnwcr v�::'�srwlse Agrec in writing,tnsumncc proceeds shaq be applicd to restomtion or repair of �_,__
<br /> --`��`_�'� thc Pc�;��utt�c�anta�cd, if the re:,t�ra��ion or i•epair is ccono���;.•:�1y feasible and Lender's secur�ty is not lessencd. If the _ __
<br /> =-°-'�-�� resroration ur rep:d�is rr.c*t�:.anr�mirally feasible or Lender�s�.z�riry would be lcsscned,the insurcuice procecds shall b� -__-_
<br /> -- applied to ehe sums s�ca+r�:��y chis S�curity Instniment,wYeztlt�r or not then due. with w�y excess pud to Borrower. If __
<br /> -���,� Bo[rower abandons th� F'�sperty,or does not answer within 34? days a nQtice irom I.ender tb9t the insurance curricr has __
<br /> offered ro settle n claim,tb.en Lender may collect the insurance�roceeds, d.cr�?er may use t he proceeds to repair or restore ;�__,
<br />-� --=- "�-�__ the Property or ro�ay sums secured by this Security Instrument,whether or not¢U�en due. The 30�day periad will begin when �-,-__--.
<br /> �—_� the notice is given. � -
<br /> --=='�"="-= Unless Lender and Bortawer oth�nvise agr�ee in writing,eny upplicAtion of proceeds to principal shaU not cxtend or __�
<br /> ?°" �"�' po��puue the due datc of the monihly payments t�efeired to in paragraphs 1 �nd 2 or change the uffnoumt mff the payments. If � _
<br /> "���� under paragraph 2Y the Property is acquired by Q.ender, Borrower�right to any insurance policies ancJ �pr�oceeds resulting v _;
<br /> --�,!;tiK�=�*� from damage to the Property prior to the acquisitnon shall pass to Lende;t:�ihz z;.tcnt o6 the stt�s secu�ec?by thia Reruri!y �,�r,__.
<br /> "�y:'�i:'�- lnstntrneot immediately prior tu ii�c ac�uisition. u ``� "
<br /> ..;r .,"�'�;�2'� , c p Preservptiora, �i3alntenance and Protection of the Property; Bvrrower's I.aan App9aT.�3ian; P
<br />_-,;:• :. c, �i. C�Jccu anc}�,
<br /> Lease4�oliis. Horrowes shaU occupy,establish,and use the Property as Borrower�principal resida�nce within sixty days r�fter ,�.�-�
<br />:�,�;;�,;.; ,;� the ex¢cu�tion ef this S�cosity Instrument and sha�l continue to occupy the Property us Borrower's princi�a{residence far n1 �.�.- ;"
<br /> - � ��°��` least one year aft�r the date af occupancy, ttnless Lender otherwise agrees in writing, which cor���ent sh�ll nat �be
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<br />.��;;;�;:�;:�. �;;.,. ,' unreasona'hly withfr►eld.ot unless er.tenuanng circumstnnces exi,t which arc bcyond Borrov:er's cu,urol. Hono�ver shall noi
<br /> desu�y,d:imu�e os im�pair the Property,allow the Prape�ly to deteriorate,ar commit�vaste on the Propert,y. Borrower shcdf �� �
<br /> � � ,: �� �.•
<br /> " "� ����;js�<"r:r's� be in defnult if any forfxiture action or proceedi�st,whe�her civii or criminul,i,i�gui tY�at in Ler.der's goaf faith juaigmeni � t
<br /> � �••���::'�^"�'����� or c��tfiienviae materia7l im uir the lien created b tMis Secvrsn Is�swment or
<br /> !� t ,- �y��� �?V'. caulc3 result in fo.rSei�cz�re af the Piroperty Y P y 5� ' '
<br /> ; � �E S, Q.enc�er's security interes�. $orrower may cure such u default und�+einstate,us provided i�paragrapl�1�.by�uusing the nction �,;1 � �
<br /> F�� :
<br />"�"'; •� :;."tE'ryCA��: ur proceeding to be dismissed witn 1i tlfUUg u�ui, lu Lci'i�2I'�bi+7�falift.�CtC:^:757�:10tl.r:�C�'»�e�f^*!�e�n�rP�r rhP Rorrower's
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<br /> . ""'"�'::��•� intevest in the Property or other material impuirment af the lien cirated by this Securtty Instntrnent or Lender!s security ,,.,�„
<br /> �, :��,''%>'� ' interesG Borrower shall ulso bc in dcfault if Borrower, during the loan applicntion process. gavc materially false or :•F:'� ,
<br /> ` ' inaccurate information or statements ta Lender(or fuiled to provide Lender with any materinl infomiation)in connection with �1�.�`�
<br /> . �,�;���` the loan evidenced by the NoEe, inciudin�.but not limited to, representations concerning Borrower's• occupancy of the
<br /> . ��� ,,' " ���, of therteuse.nif Borrower ucqui es fee titic ta�thc Prop rty the I u chold�nd�d��fce ti le shnll not mcrge u les,s Lender agrecs �.Aa'
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<br /> :.;=�.':.=�`':, .�: to the mergcr in writing.
<br /> . � .:..� 7. Pratectian of Lender's Righ�s in the Property. If 8orrower fails to perfonn thc rovenunts und agreements
<br /> �=��.•.�,��.at:•:� �ontained in this Securiry [nstrument, or there is a Iegal procceding thut muy signdicantly aficct Lender's rights in the
<br /> ���.;� � �>-� �'ropcny(such as a pracceJing in bankruptcy,prc�batc,for condcmn�uion or forfciwrc or to cnforcc laws or regul�tions),then
<br /> " Lender may cio and puy for whatever is necessary to protect the valuc of the Propeny a�d Lender's rights in the Ptoperiy.
<br /> ...... . '�,.: Lendcr!�nctions may include paying uny sums securcd by a lir,n which has priority over this Security Instrument,appeunng
<br /> �=�?-�'�'" _:.�. in court, paying reasonable uttorneys'fees and entering on the Propeny to mak.e repairs. Although Lender may mke action
<br />-•-°�'^� =�' � x" under this paragroph 7,Lender dces not have to do so.
<br /> -�`'�>>��:"'!rr":� Any nmounts disbursed by Lender under this paragruph 7 shall become additional debt of Bortower sccured by this
<br /> '� 1 Security Instrument. Unless Borrower und Lcnder agme to athcr tertns of payment,thcse amounts sh.ill bear intenst from the
<br /> •� �; . ��:.��� date of disbursement at the Note rutc and sball bc payable,with interest, upon notice from Lcnder to Borrower reyuesting
<br /> . , � payment.
<br /> , 8. Mnrtgage Qnsurance. If Lender required mortgage insurance as a condition of making thc loan secured by this
<br /> _ � Security Instrument. Borrower shall pay[he premiums required to maintain the mortgage insur.►nce in effect. If, for any
<br /> f" mason, the mort�age insurance coverage reyuired by Lender lapse� or ceASes to he in effect, eonower shall pay the
<br /> � �, premiums rc:quired to obtain covera�e substlntially eyuivulem w the martgage insurance previously in effect, at a cost
<br /> � ,, : substantially equivalent to the cost to Borcower of the mortgage insurance previously in effect, from an altemate mortgage
<br /> . insurer approved by Lender. If substantially eyuivalent mortgage insurancc coverage is not av:�ilable,Borrower shall pay to
<br />• ;;;; � Lender each month a sum equal to one-nvelflh of the yesrly mortguge insurance premium being paid by Borrower when the
<br /> , insuranee coverage lapsed or ceased to be in effect. Lendee will:►ccept,use and retain lhese payments as u lass reserve in lieu
<br /> • of mortgagc insurnnce. Loss reserve paymcnts may no longcr be reyuired,nt the option of Lender,if mongagc insurancc
<br /> . ._ coverage (in the amount:u�d for the period that Lender rcquiresl provided by an insurer approved by Lender a�ain becomes
<br /> • available und is obtained.Borrower shall pay the premiums mquired to maintain mortgage insurance in effect,or to provide a
<br /> � loss re�erve. until the requirement for mort�agc insurance ends in accordance�vith any written agreement between Borcower
<br /> , and Leuder or applicaUle law.
<br /> � 9. InspecNon. Lc:nder or its ugent rnay make reasonable cntrics upon and inspertions of the Property. Lender shall
<br /> give Borrower notice at the time of or prior to an inspection specifying reasunable cuu5c for the in spection. i
<br /> 10. Condemnution. The proceeds of any nward or claim for damnges,direct or conscquential,in connection with any �
<br /> ' � Singlc Fatnily--Fnnnle Mne/1Ycddtc Vlnc UfdIFORM IN57'RU�fENT•-Unifomi Covcnunts 9/90 1/�u,¢�3 njn paKesl �
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