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<br /> - - �. 92— �uoa58
<br /> �----- perioda tluu Lender rcquires. 71x insurance cerrier providing Ihc inRUrAnce rFhdl be choscn by Borrower Rubject to Lenderls
<br /> approval which�hall nW be unrcawnably withheld. !f Barrower fails ta awintoin rovera�e desc�ibal Above,L.ender m�y,at
<br /> Lenderg aption,obtuin coveruge to protect Lender R righta in the Property in accordance with purag�ph 7.
<br /> °- All insurancc policies nnd rcnew�ta slu►11 be ucceptable to Lender ond nhall Include a etunclanf mortgoge cloui;e. l.ender —
<br /> �"``� shall have ttie�ight to hold the policies and renewAls. IP Lender reyuircs,Bamower shull pmmptly give ta Ixnder oll rccefpts
<br /> of paid premiums and rcnewal notices. In the event of loss, Borrower xh�ll�ive prompt nat�ce�o Uie i�wrarue cnrrier wxl —
<br /> ----- Lender. l.ender moy make Esraof of lo�if nw made promp�ly by Borrower.
<br /> � = LL � _' Unless L.enJer wx1 Borrower oiherwiae agrcc in wrlling.in�ur:uuc proceeds shall be applied to rcg�orntion or rcpair of � -
<br /> �- the Propeny iWnaged. if the nestorntion or repair is economkully feucible und Lenderis security ia na lesxned. If the
<br /> -.,a_;� restoration or rcpuir is not economicaUy feu4ible or Lender R secu�ity would be lessened,�he insurance praards shall be
<br /> �� :�i;° t+pplied to�he sums secured by�his Security Instn�ment,wBether or nat Ihen due,with uny eacess puid to Borrower. If ----
<br /> ----_�:::5;.�; i Borrower abs�ndans�ha Property,or de�es nat ancwer within 30 duys u notice from Lender that the insurance eaRier ha.� �
<br /> -�.--�__;�:�; � uffered to settle u claim,then Lender may collect the inxurunce praceedc. l.ender may use the proceeds to repair ar rcstore _
<br /> ___ �° the propeny or to pay sums securcd by thi�5ecunty In�trument,whether or not then due. The 30�day period will 6e�in whcn
<br /> �� --�..=����nj, i the natice is�iveo. �.
<br /> _:�w,,,x.� ,,_ Unless l.ender end Borrower a�hcrwfse ngree in writing,any applicu�ion of praceeds to principnl shull not extend or
<br /> _-�,••�r«w���;;•� � postpone Ihe due data of�he moMhly ps�yments mfer�ed to in parogrophs I nnd 2 or chonge the zunount of the payments. lf �
<br /> --�""='r^���:� under par�graph 21 the Pmperty is acquired by Lender, Rorrowerti ngM w uny ineurunce policics suid proceeds resulting
<br /> --��•�'� � from damage to the Property prior to the acquisition shnll puss to Lender�o the extent of Ihe sums secured by Ihis Security �
<br /> .�.�•.c�ec� I Instnunent immediutely prior to�he acquisitiun.
<br /> ----�-•�• � 6. Occnpancy, Preservatbn� Maintenance and Protectton of the Property; Borrower's Loan Applkadon; �_
<br /> - `��' LeA,aeMoldi. Borrower shall occupy,establish,and use the Property sas Bortower ti principal residence within sixty dnys after 6
<br /> — ':';�i`;�;;t«�r'�i�` tbe execution ai this Security Insnument and shall continue to occupy the Proper[y as Burrow�r's pdncipul residence for at —
<br /> __-�=�af`a�`;�:+,3��., least one year ufier the date of occupancy, unless Lender otherwis� agrees in wripng, which consent shall not be �;.
<br /> .�`�.•�k,,;;�;;.,r
<br /> :;'��°�`,, � unreasonnbly withheld,or unless extenuuting circumstunces ezist which ure 6eyond 8orrower's condol. Borrower shnll not _
<br />- ° "`-''�'���� destro dama e or im r the Pro ollow the Pro rt to de�erioratc,or commit wuste on�he Property. Borrower shall �
<br /> -==�_.�z��,. Y• 8 P� Perh'• Pe Y �.
<br /> _ --�,-,�'C• �be in default if eny forfeiture action or proceeding,whether civil or criminal,is begun thot in Lender's good fuith judgment __
<br /> °��y:t?a;Y1.''N�;•; coutd msult in forfeiture of tha Property or othenvise matennlly impuir the lien creuted by this Security Insuumeot ar —
<br /> __ :�� Lencie�:�securiry interest. Bortowe�may cure such n defuult and reinstute,as provided in parogmph IS,by causing the action
<br /> "�=°'" or prceeeding�o be dismissed with a ruling thnt,in Lender's gaal fuith dekrmination,precludes forFeiture of the Bomower's
<br /> � •� �=`` interest in the Praperty or other material impuirtnent of the lien created by this Securiry Instrument or Lender's security
<br /> ' '��';�` interest. Bormwer shall also be in defnult if eorrower, during the loan upplicatiun proccss. gove materially false or �•_•
<br /> s�i • ' --
<br /> ^' ' inaccvmte informAtion or statements to l.ender(or failed to provide Lender with any muteriul information)in cannection with
<br /> ,����� ' the laan evidenced 6y the Note. including, but not limi�ed �a, represemutions wnceming Barrower's occupuncy of �he
<br /> -- Ps�rty�s s ptis�cipa!s�sititucs. !.f t!!is Stcurlty lnsl�'ument►a M►n ler��ehold,eorrower shbll comply wi�h all the provislons
<br /> JY,a- w�P':'s:.
<br /> ,,.�"., ,, uf thc Icase. If Bomower Acquires fee title to 1he Prapeny,the lensehold and the fee title shall not mergc unless Lendor agrees
<br /> ����•��� .-': • to the merger in writing.
<br /> �0� `�' '`" � 7. Protectioa oi'Lender's Rights in the PropeMy. If Borrower fails to pert'orm the covenants und agmements
<br /> '''���'`�`, contalned in this Security Inswment, or there is u legul praceeding ►hat rnny significuntly uffect Lender's righls in the __
<br /> "� ' Property(such as u proceeding in bankruptcy,probate,for candemnution or foA'eiturc or to enforce luws ar regulations),then
<br /> ���y� L.ender may do and pay iar whatever is necessury lo protect Ihe vnlue of Ihe Piropeny and Lender's rights in the Propeny. �°.•
<br /> � � , Lender's• actions may include paying any sums secured by•r lien which has priority over�his Security Instrument.appearing
<br /> � .;,�;::_.,_,u_•_ i, in court. puying renwnable attorneys'feex and entcring on the Propeny to makc repairs.Although Lender may tnkc uction �
<br /> .:� -T under this paragraph 7,Lender dces not have to do xo. �.
<br /> - " �''�""�� Any amounts disbuned by Lender under Ihis purugruph 7 shull be�:ome udditional debt of Borrower secured by this _
<br /> �Y�%'�r�'��•�." Security lnstrument. Unless Bortower anJ Lender ugree to other tertnx of payment,these amounts shall beur inlercst from Ihe --
<br /> '�T-'r�;..� E:::
<br /> date of disbursement nt the Note rAte and shall be puyable, with imcrext,upon notice from Lender to Borrower reyuesting �,,,�
<br /> , payment. f��
<br /> -�' "' . 8. Mort a e lasuranee. If Lender m uired mon u e ingurnnce ac a condition of makin the lotm secured b this �`
<br /> ..�r►�._ B R 4 B 8 8 Y ���n
<br /> .__,,r,. Security Instrument.Borrower�hall pay�he premiumx reyuired to m�intain �he mortgage insurs�nce in effect. If,for uny �:,,
<br /> `"'"�•�•- �s�• reason, the mongage ln.surance coveruge reyuired by Lender lupses or ceaees to be in effect, Borrower shnll pay the
<br /> �-.:��}�� �.�;;.
<br /> �s-"�'�'r'� t •• premiums required to obtAin coverage subslunlially equivulent to the mortgage insuronce previously in effect, nt a cost
<br /> �t:�',_.��h.�-
<br /> : ._ -_�r • substantiully equivalent Io the cost to Borrower of the mongnge intiurnnce previuusly in effecl,from sin alternatc mortguge _
<br /> ���;��' inxurer upproved by Lendee If subs[antinlly eyuivulent mortguge insur.mcr coverage is not uvuilAblc, Sorrower shall pay to
<br /> �-'�° � � Lender ench month a sum equnl to onr.-twelf�h oi'the yeurly mortguge insurunce premium being paid by Borrower when the �,
<br /> �''-�- °--x'=:�iCqsw� insuronce coverage lapved or ceu.+ed to be in effect. �.ender will uccept.u.e und ret•rin the�e puyments o.�a loss reserve in lieu --
<br /> ��-;.•�<<�;-- " of mongage insurnnce. Loss reserve p•ryments muy no lon�;er he reyuired, a�the option of Lender, if mortgage insun�nce �- ,
<br /> -�:,�-���?���."�-,,�. .� coveruge(in the amoum and for the periad�hat Lender rcyuires)provided by an insurer approved by Lender again becomes -
<br /> '�!'.�''�`'`���' � available ond is obinined.Borrower shull puy the premiums reyuired�o mainlAin monRage mwurunce m eifec4 or to provide n ��.
<br /> J� ` , '• loss�eserve, until the reyuirement for mongage inzurunce ends in urc�xd:mce wi�h nny written ogreement hetwcen Borrower ---
<br />— .. � and Lender or applicable luw, �
<br /> �. 6�'. ' • 9. Inspection. Lendcr ur its ugrm may makc re•r�onable cntrics upon and inspections of the Property. Lender xhull �--
<br /> _.., give Burrower notice•rt Ihr time of ix prior w w�ins�xction tipecifying rcawnahle cautie for Ihe inspection, ==_
<br /> - • ��'��'`�':�. � 10. Condemnption. '1'he pmceedx of nny awarJ or cluim li�r Jumu�!e+, Jireri or ccxisequentiul,in connection with uny �w'�
<br /> :'.Y•,:�..•.
<br /> Smgl.F�wnily•-Manok Nae�FYcddk lfor CYIFIIR�t 11tiTR1:�71i1T—Vnifmm Co�cn;nt. 9/90 ��er?n/n�wgcv
<br /> � ' �arat ute�Baunree Fame.�nr■
<br /> ` to IM�M I:.N•181pBi�93Y3 O PA7I 61&791•1�91
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