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<br /> ' �eriods th�I.ende:iequiszs. '6tts insnraa�ce c�rritt ptaviding tht insur�rtce shall . chnse�by Borrowes sitblert to Leader� __
<br /> appmvai wttich s�ll naot he unre�sonabiy withitefd. If Boirower faits to muntuin co�rerage described abav�Lrader m�y.ut . --
<br /> 4ender�o�tiun.ohaain oaverage to prntect Lenct�s's r�ghts in the Ptaperty in accordanc�witt�paragrap�s T. __
<br /> - All imsurai:ce poiicies and rer�vmh st�atl be arc��ie tG E�gsi�r��.!incl�a s!��=rd mort�e clause. Leader � .
<br /> shalI P�ave ttte right to hold the policies and renewals. If l.ender requves.Bo�rowEr shaU Pr°raPtiy�ive to Lender aU receipts `
<br />. - of paid pre�niums aud re�►awal aatices. In the event of[o�,Barrower shnll give pmsnpt aotice to the isisurance c�ier ar.d �r .
<br /> Lender. (,ender may make pm�f of loss if not made promp8y by Borcower. �
<br /> Uniess LeaBer and Barrower othenvise agze in writing,insumnce pioceeds shaZl be ayplied[o re�toration or regair of �=
<br /> the�nperty damaSed.if the cestaraiia�or tepair is ecanomically fess�'bte aad l.eadrs�s ser,wiry is not lesseued. If the �-
<br /> wstoiusinn or repair is not esonomically&asible or Lender�s seturity woutd be tessened.the insurance proceeds shall 6� =
<br />_ applied to tbe sums secuced by dus Securiry Insaument.whether or not thta due, wit�l any exCess paid to Borrorter_ If �"
<br /> Bomower aUandons the Pmperty,or does not answer wiittin 30 days a aatice from Leader that the ins�nance curier h�s _
<br /> offend to seuie a claim.thra�i.endsr may eollect dhe in�auunoe pmceeds. LeAder may use the pmceeds to repair ar restore _
<br /> the property or to pay sums secured by tbis Secuzity Instiument,whxt�ar or aot then due. 'IY�e 3�-day p�od will hegin when
<br /> ti�e�tice is givea. _
<br /> Unless l.e�der and Bomowzr atharwise agree in writing,anY a�Plication of p�oeeds to principal shall not extend ar --
<br /> ' gostiwne tha due dsue of the momhly payments refemed to in paragraphs 1 and Z or�&ange the am°unt of the paymrnnts. 1f —
<br /> wne
<br /> under pamgrs�pb 2i tha Froperty is acquired F►Y i.ender, Bomuwerk sight to any insucanoe poticies and pmceeds res►ildng _
<br /> fiqm dumage to the PioP�Y P�T to the aoquisitian st�all pass to Lead�r m th�extent of the sums secured by this SecEUiry
<br /> t Ina�cument i�nm�iately prIar ta the acqais'stion. ,
<br /> .°..'i 6. Oc�pane�. �ervation, Muintcnaace��I Protedlon o!the Pro�S�3Y+ Boreower s Laan Applic�tfton;
<br /> .` � I,easei�olds. Eotrower shall aavpy.establis8,and use the Fmpe4ty as Bonovaer�prinapal residence with�si�y days after
<br /> ':� the executioa of tt+is Sec�ity Instmment and shall wnwme to accapy the Property as Bosrower's grincipal cesidence for ai P
<br /> . } Ieast nne ye,ar afiter the date of ooa�ancy, unless Lender otherwise agtees m writing, which consent shari not be .
<br /> � amneasonably wrthEteld,ar antess extenuating circamsrances exist which ate beyond�amavrer�s oontroL Borruwer shali not
<br />�. `� desti°y.daan�8e or impair�e PmpErty,allow the An�erty to deteriorate,ar commiE�,raste en the Pcuperty. Borrower st�all �
<br /> : ,�. he m defavIt if any foafei*u.�actian ar proo�8,�vhett�r civil or criminal,is�thai in Lendet�s good faith judgna�nt :
<br /> erould iesWt in fosfeitore of rhe Pmjr.�ty or otberarise materialty impair tice lien zt�ued by this Secmity Instnunem or �'-��
<br /> r d�tn h 18, causin tbe a�citQa _
<br /> I.eaderk se�tity inseiesT. Botmwer muv�eare sacb a default and rein�iate,as psovi P�'�P �!► g
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<br /> . s or pmoeedin8 w 6x dismi�d aith a r¢�'mg d�at,in Lender§gaotl fau�h detem�ination,PrecIudes forfeitute of the Barrawec�s .
<br /> ;� interest in t6e Pcoperty or otha maurial impairrnent of the tier�cre�ted by this Sec�uity Instmmeat or I�s see�cs�.
<br /> "'. inie�est, Ba�ower shell aLo be in defat�It if Soiraaes. dinau;�;the loaa apQhcati3a pracess. gave ms�na�,�.fatse�ar , _
<br /> . 3.�• inacc�atE mfortnatia�n or statcments to Lender(or fa��*.fl pro��ida]Lender with any material information)un v�ta'�o�vrit�• .
<br /> the Ioaa evidenced by the Note, inclading,but not limaed m. r�sesentations cunceming Bamower� o�cy of�'
<br /> ..=,�' property as a p�cipal ceside�ce. If this Security Inca�umau is on a teasehaid,Bormwca sD�aIl eamply aith a�i.�+.e gmvisivas
<br /> "f�' of Ux lease. If B�ower acquire.s fee d@e w the Pa�ap2��-t1r�leaseho2d and the fee 6tte sh�ll noi metge ualess 1�p�ter agcee.s
<br />. � W t�e atetger in arritmg. '�
<br /> ' �.�' 7. Peotection of Lcader's Rights in the Pro�'ty- If Borroaer fails trq Laerfo:m tAe cavenants a�>agreements ;
<br /> -� contained 'nt this Serauiry Instrumenl,os there is a tegal Praceed'eng that may r.gnificantly affect I.emterk rights in tha ;
<br /> . Property(s�n t�a proceedm8 fin 1�k�uptei+,probate.far can3emnatia�or forfeiture ot to enfoice laws or eegala2ional,th.n ._•
<br /> Len.der cnc}+do and pay fas ahatccer'ss necessary to pmtect the value of the ProT�erty and Lendez�s rights in ths PtupP.�ty='�: , '
<br /> ; Z.ender�actions may i n c i u d e PaYmS anY sams s e c u r e d b y u li e�s v h i c h h a s�r i o r i e y o v e r W i s 5°,aui t y Iastsum�tt,e p p�'.� :
<br /> '.': .�- in r,our�paying reasonab2e atromeys'f�and entering an the Ptaperty to a�e sepsas.Alt�augh Lxnd�'s may t2ke�etftra.:,:�.:�. _.
<br />..�.�•, isnder this paragraph 7,Leader dozs aot have to do so. �.��'• •
<br /> ,� . Any rimmounu dis6uised by Lea4z�imdzr tbis pax�gmpb y shall i�ecome additional d�bt of Borrowes�sa�.�?t�f by f�i�: � �
<br /> ,�.�,� Secariry lfnst�m.,Ans. Unless Bor►�we4 and Lead�r agee to other tem�s of payment,these amounts shall�ear bt��2 frc���3a�:�
<br /> : ,! date of disbwsement ai the Note rate and ahall be psya6le.with intezest,upon notice fram l,ender to B�r r�ses�• .
<br /> , . . �
<br /> ...;.� WY S Martg��e Ins�raace. If l�ader required mart�ge insarance av u a►nd�aon of making the losa,.c��red try this �
<br /> ..':�:' Socutiry Instnmsen�Bannwer shall pay the premiums required w mauuain the mattgage insivance in e&'��t;.. If�for any �_
<br /> . .� .
<br /> .�, � rrdsoa.tt�e maadgage insuraace cover,�ge reqLiced by I.eader lapses ar c.eases to•be in.effect. B�r�res`��i1all paY the �
<br /> . ! . g vatcnt co the mori e ins�uaitce pssviaosly in effect,at a oost '
<br /> :.. �. premiums�q�m+ed to obtain oovtra a snbstantialiy equi �8
<br /> sututs�tially eqwvalent to the cost to Bomnwer of the mor�ag�'z�,Lrance pievcously ir�effect,from an altcmate mortpgt
<br /> ��1,�, �uQer apptoved by Lender. If sabstat►tialty eqnivalent martp,age nn���rence covetage cs aot availabk.Bot�ower stutl pay to _
<br /> Lender eacl�month a sum e�yual to onatwelW�of th�yearly mo�oe insurarese Fiemdum being P�id by Som�wer when tbe
<br /> � %,• � insurance coveiage tapsed or ceased to 6e in effeci_ O�ader will z�use sud retain these payments as u loss msesve in litu
<br /> � '�� of mactgage insurnnce. Loss reservo LaaYments rr�y no longer�v aequued, at the o�i+tion of Lendcr.if mortgage Ins�. :
<br /> �`� . coverage Cin the amwu►t and for tbe pr�o8 that I.ender re,quins)ir•vvided by an insurer approved by I.ender agasn becflm�ss f
<br /> ` available and is o�wined.Boaower sb�1 pay the ptemiums requited io maintain mostgage insurancz iA effexq,ar to pravide� �
<br /> : .�, loss ceserve,until the roquirement for mortgage ia�:sance ends in acoordance aith any written ag�eement 6etwan Borrower �
<br /> j:� � aad l.ender or applicable lavi. `
<br /> ;, 9 Iffipect[on. Leader ar its agent may maYs�easonable envies upon and inspectiuns oY ahe Praperty. l.ender shall �
<br /> give Bosrawa n,�ce at the tirne of or prior to an inspectio�specifying ceasonable cause far the inspection. ,
<br /> .:. .�� ld Caedemnatloe. The proa�ds of any award ar claim for damages.diract or conseqaential,�n oani�ectnon wi2h aas�P
<br /> �i . Siugis F�mity—Famie Ms�tlFYad�a Mac UNI�DRM iNS7'SUA�EN'6'—llnlfmm Covw�dts 9/90 (Df+Ee3 oJ6 page.ti I
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