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<br /> � l��ri�.ay mt«Lande�r�yuircs. The insurance carrier providing tne in,urance shall be chosen by Borrower subject ro Lender's
<br /> :ip�rnval which Shall not be unreasonably w'sthhe(d. If Borrower fails to maintain coverage described above, Lender may, at
<br /> - �' Lendcr's optic>n,obtain coverage to protcet Lender's rights in the Pro�erty in accordance a�ith paragraph 7.
<br /> :\ll insurancc poli�ics and renewals shall be acceF-[able[o Lender and shall include a standard mortgage clause. Lender
<br />� �;_' sh:�ll t�ave thc ri�tit to holil the poficies and renewals. [f Lender requires,F3orrower shall promptly give to Lender all recei�ts
<br /> ;,-, .;• of paid pmmiums an� rene�val notices. In the event of loss, 3orrower shali give prompt notice ro the insurance carrier and
<br /> �� I.eneter. Lender may make p�oof of loss if not made prompUy hy Bo�TOwer.
<br /> " .,,�='.; Unless Lender and Bo;TOwer o;herwise agree in writirg, insurance proceeds stiail be applied to resroration c�r rep�ir of
<br /> �" [he ('roperty d.imaged, if vhe resroration or repair is economically feasible and Lender's security is not lessened. [f the
<br /> � " �" restora!ion or repair is not economicall}� feasible or Lender's security w�uld be lessened, the insurance proceeds shall be
<br />� �: ;��. ' applied ro,the surn �ecured by this Security Instrument, whether or not then due, N�ith any excess �aid to Borrower. If
<br /> liorr+�wer ahandons thP f'ropeny, or dces not answer within ;0 days a notice from Lender that the insarance carricr has
<br /> ��°'.;� o:fered to settle a cCaim, then I.ender may collect the insurznce proceeds. L.ender may use the prc�ceeds to repair or restorc
<br /> ' �`-" t;ie Prc���rty c;to pay sams secured by this Security Inscrument,whether or r.at then due. 'I'he 30-day period will begin when
<br /> ��.�
<br /> �he r.otice is;iti�eri.
<br /> ;;� Unless Y.ender and Borrower otherwise agree in writing, any ap�licati�n of proceeds to principal shall not extend or
<br /> -�,,,•._<<�,�, pestponc the c'ue date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> •:,'"�'' undcr naracraph 2! tne 'roperty is acquired b}� Lender, BorTOwer's right t� any in.eurance policies and proceeds res�lting
<br /> `�. _ from damage to the Property prior to the acyuisition shall pass to Lender to the exient ef the sums securea by this Security
<br /> �ry. Instniment immcdiately prior to the acquisition.
<br /> G Occupaney, Yreservation, Maintenance arsd Protection of the Property; Borrower's Loa� Application;
<br /> Leasebolds. Borrc�wer shall��ccupy.establish,and use the Property as Borrower's principal residence within sixty days after
<br /> the Axecu:ion of thi� Security tnswrrent and shall continue to occupy the Property as Borrower's principal recidence for at
<br /> y _�� least one vear after the date of occuaancy, unless Lender ochenvise agrees in writing, which conser.t shall not be
<br /> . �.� tmreasor!ably �.vithhetd, or unless extenuating circumstances exist which are beyond Barrower'S�ontrol. Borrow•er;hall not
<br /> �' S�' :y� destroy, clamag�or in pair the Propert}•, a!low the Property to deteriorate, or commit wyste on the Property. Boreower shal�
<br /> �`� �� be in defat�l[if an� Sor�citure artion or proceeding, u�heiher civil ar criminal, is begun that in Lender's good faith judgment
<br /> � ,-;;�,� coul�i re�ul! in forfeiture of the Property or otherwise materiali}• impair the lien created by this Security Instr��ment or
<br /> �*`�+. ; + Lender's security interest Sorrowrr may cure;uch a default and reinstate,as provided in paraFraph 18,by caasing the�ction
<br /> �'� ,��� nr proccedir,g to be dismi.;s�d with a ruling that, in Lender's good faith de!ermination,precledes forfeiwre of the E3o�ouer's
<br /> ,�, ��� interest ;n thc Propem• ��r other material impai;men; of th� lien crcated by this Security Instniment or Lender's security
<br /> Ya�.7 y���3
<br /> �`N '= in!crest. Borro��:cr shal) also t� in default if Borrower. r�uring the loan ap,licaiion process, gave materially false or
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<br /> .?,a inaccu;atc info�natien er sta�emen!s to I_er�der(er failed ro provide Lender with any material inforniation)in comiection with
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<br /> � ����?� the ;oat: evidenced ��� the Note, including, but nnt timited to, represen[ations cot7ceming Berrower's occupancy of the
<br /> � �,,�fl y ?�operi} as a principal residenc�. [Y this Securicy Instrumen!is on a leasehold. Borcower shall comply with aU the provisions
<br /> �'���;� ot�t';e lcz.,e. if l3c,n ower acyuires iee title to the Property,the lzasehold and the fee title shaU not rr�erge ur,less Lender a�recs
<br /> � x`:•:w?Fx.
<br /> �e,�.,s�,� to the mc:rgcr ir�«�ritin,�.
<br /> f �''� +^�� 7. Yratec:ian of Lentler's Rsghis in the Property. If BosTOwer fails to
<br /> ��� '�; �erform the covenants and a�reemerzts
<br /> ���� contained in this Secu:ity Instrumer�t, or thPre is a legai proceedin� thai may significantly affect Lender'ti right; in th�
<br /> ���.,� Pro�rt}�(such ac a proceed:ng in bankrvp4cy,probate,t�or cos?�emnation or forfeiture or to enforce laws or regnL•�tion�),then
<br /> ��,.� _endcr ��a}� do arid pay for whatever is necessary ro p:otect the value of the Property and Lenc;er'� rights in the P:oper�.
<br /> �; Le�der's actior�s ma�; inciade Fayint any sum.s secured �y a lien which has p;iority over this Security Instrum�nt, ap�ea-in�
<br /> in court, payino reasonabie attomey�:'fces and enter'ng oi� the Property to make repairs. .Althaugh 1,ender m�y take actior;
<br /> under thic paragraph 7,Lender dces not have to do so.
<br /> -,�: , A.ny :fmoun'ti dicbu�sed b;� Lender u�tder this }aragraph 7 s}ral! become atlditional debt of I�orrower secured hv this
<br /> Seruritr Imcrument. t'nl�;s Bonnwer and Lendcr agree t�oti�er ter,ns of payment,these amounts sh�ll bcar interest from thc
<br /> '`� �.: da;e nf dishursement at t};e No?e rate and shalf be payable, with interest, u�on notice from Lender ro Borrower reyuestir,�
<br /> ' �r'� �.iy�rcrtt.
<br /> �"- Y. ��arf;;atie insura�ce. [f I.enuer recuired mortgage i��curance as a condition of makinb the loan secured hy this
<br /> �,?,r� ' Security lnstn:rr,ent, B��rrower shail pay the premiums req�.�i*ed to mair.tai� tlie mortgage insarance in effecL If', for anv
<br /> � rea�on, the mon,:ige insurar.ce covera�e requir�d by Lendei ]apses or ceases ro be i� effect, I3otrower shall pay the
<br /> �'` �'_.
<br /> � �,�„-;�� preri7i�tms requ�:rcd to ob:aiit covera�e subs!antially equivalent to the mortgage insurance previousiy in effect, at a co�t
<br /> � �=�4..; sub t nti:�lly equi�•alent to the cost t<� F3orrower of the mor2gage insurunee prev;oosly in effect, from an aitemate m�rt�age
<br /> � ,.��"� • ,
<br /> �� �-w1��,, :r.5� � apprr�vec�hy Len:ler. If substantially�eyuivalent mortgaoe insurance coverage is noi available, Borrower shall pay to
<br /> �"� [_endcr each mnnth a sur�; equal to one-twelfth of the yearly mortgage �rsurance premiurn being paid by Borrowee when the
<br /> ��'��� i�� r��ce co:��i��r;apsed or ceased to b: in eff��ct. Lender wilE accept,use anci retain these paynients as a loss reserve in lieu
<br /> � vf mc rto�ige insurance. Loss res�r�e paymenrs may ��o Ionger be reyuired, at the option of Ler.der, if mortgage insurance
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<br /> sr�t a co r �e (�n the amount and for thc period that Lender reauiresi provided by an ins��rer approved by Lender agai� becomes
<br /> �, � a�:�� -�ie and i;obtainec.. Sorro�ver shall pay the p*emiums required to maintain mortgage irisurance in effcct,or to provide.�
<br /> �� !o�s r�;crv�, un!il rhe reyuiremer.t far mortgage insurance ends in accordance with any wr.eten agrecment between Borrower
<br /> and Lcndcr or apclicablc l:i�s�,
<br /> ��' � �. Inspection. LenLer cr its aa�crt r,�ay make reasonable entries �pon and ins�ec:ions ci'the F'roperty. Lender shall
<br /> � �_��;:-F3c�rro �;rfo,�ce:u the tirr;e oi��r rior to an ins.�ction s
<br /> � p �x pecifying reasonahle cause for thc•inspection.
<br /> � � '?', ;0. t'nr.dr�mnativn. The proceedc of any award or claim fo:damages,direct or con�zquential, in conr.ection with any
<br /> Sinp{c Family--Fannie M11ne/F'red�ie Mac UNIFORM INSTRUMEN'f--I!ni(ortr�Covrnants 9l9p �M��r?nj6 poqs,r�
<br /> � Great[ntrr�9uelnexa Fomm,�r�:.A
<br /> ' To(Mrfer Call:1�5.'109�9 O P1,[81&781�1171
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