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<br /> . �pedods that Lender reyuircs.�i�br�ar�cWit held.IroviBorruwcr i ils�t maintain ove�c de cribed aebove,j�l.etider m+�y.u
<br /> _— approval which chpll not be u Y
<br /> Lender�optian.obt�in cove�ge to protec�Lender'�dghlx in IheP�operty in accordwnc�wjth P�SnPh 7.
<br /> •. All insurance policies ond rcnewols:shall be accep�oble lo L.ender and shAll include s�s�°nda'�'d +matg�a�cl��I� ie�r
<br /> slwll have the right ta hold the policies and rcnow�ls. If I.ettder requirc�.Bo+row�r shrll PromplY�
<br /> of paid pmniums unci renowul notices. In Iha eveat oi'lo.�.c.Borrower shall Qive pmmpt notico w the insurw�ce cotrkr�nd
<br /> Lender. Lender mny make praoi of Ioss if not mada pmmptly by Borrower.
<br /> Unl�L.enckr+uu1 Bortowcr othenvise a�M wnting.insurwKe prc�ceeds shull be applied to rcstoration or rop�� `_
<br /> -- t1�ep�o�erty damaged, ii'dx restoralion or rcpai�is ecanamically feasibla cu�d L�nderk security ib rx�t Iesser�cd.��1�
<br /> � ' ``< "�y nstaration or rcpair is not ccawmically feasibla ar Lenderk securitY wou�d be�es��d� �° inwrance pta�d�
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<br /> upplied to the sums sceuad bY�or does�nut,an�wer within 3U da sna�noti e irom L.under�hat theinsuran� carriwcr haa
<br /> Borrower ubanda�s the ProperlY�
<br /> '�'�.-�.�"`� otfered ro setde a claim,then l.ender muy collect the insumnce pra eds. l.ender may use the procee���*���w�
<br /> ��'�,�;,�•.,t , the propeAy or to pay sums cecured by thic Securit In�trument.whdher or not then due. 7tu 30-day Pe
<br /> °,ds':'•.z.� -,� � '° ttie notice is given. lication of raceeds lo �inci shall�t extend or --
<br /> Unless l.ender and Borrower othenvise ogree in writing. eny APP P P �
<br /> ��„� ,�s�`• postpw�e the du�datc of 1he monthly payments refemed to in parrigr•►phs I and 2 or change the amount of the paymenls. If
<br /> under paragraph 2� �Ix P�PenY �$ecyui�l by lxndar, Borrower's nsht to any insurnnce policies and procads►esu�tin8
<br /> ' ' fiom dsunage to th¢PrcipenY prior to the acquisition shall pass to Lender to the excent of the sums secured bY tt�is Secudry �:-
<br /> �::,�• ':�4 •_ •• —
<br /> �%*���+� ti Instrument inmc�li�te�Y Prior to the acquisttion. + —
<br /> �.�'.`-�'�= rvatian, Maintenance and Protection of the Property; Borrower s l.o�n AppNaitioo:
<br /> 6. Oo�wP�Y+ � ns Borrower's nc� al residence within�iaty ds�ys�fter
<br /> �?%�J°° 1.easehoWs. BcRrower shall occupy,estublish.and ur,e�he Property �s&,�.ower� rinci reaidenee for at
<br /> __.:�.��,_;��.. ••
<br /> �--;;��� the execution of this 5ecurity lnstrument and shali conlinue to accupy�he ProPeRY P �
<br /> "-"�°;;;;�i3��._ s'', IeASt one yeu a t 1e�' t h e d ate of occu p a ncy, unless Lendar otherwi�e ngrces in writi�g, which cansent shall opc be
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<br /> :%i!�'�:x�Y:;��-rI���f� � unreA.sonat+ly withheld.orunles�extenuadng circumstances cxist which are beyond Borrower�contm l. Borrow e r sha11 not
<br /> .1��.;�:�: y allow the Piroperty to deteriorate,or commit waste on the Pruperty. 8orrower sh�l!
<br /> �i�rl`•.
<br /> f� , y �, desua .dumw�e rn impair the Propeny.
<br /> — ,t�'� ' ��''��� be in deiault if s►ny SorFeiture action or praceeding,whether civil or criminel.la begun that in Lende�'s goad faith judgment
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<br /> _----=.`�'�• • ' �'� could reault in farfeitu�of the Property or otherwise materially impair the lien creoted by ��glg bucau in the�acti n
<br /> ``��'�'v' Lender e securiry intere��•�BonO1NCr may cure such a defuult and reinstate,as provided in paragrap Y 8
<br />� .:, .,.F,�_ .�•.�.: or proceeding to be dismisr�ed with u ruling that,in l.enderk good faith determination.precludes forFeiture of the Bormwer�
<br /> — �y'� '" ��• " interest in the RopeRy or rnher material impairment of the lien crea[ed by this Secudcy Inscrument or Lender's secudty
<br /> _��� '' "�'i'�' ' `` interest. Borrower sh�.t�:olso b� in defuul� if Borrower, during the loan application pnicess, geve materially false or
<br />�,:t�� fi�.�,��.•.�....,.
<br /> __��_-_ ;�.: : inuccurute infortnation or st�teenen�to Londer(or fniled to provide Lender with any material information)in connectian with �
<br />°�-�I:���_ the lonn evidenced bY �ht' 1�ote� including, bu1 not limited to. reFresentations conceming Borrowerl occupancy of ihe
<br /> 4zr. a.�.w�.� . ����,�4$��,.;�„1 mridencx:. lf this Securily Inxt�ument is on n leusehold.Borrower shsdl comply wilh all the provisions
<br /> °;;:�� of the leuxe. IP Barmwcr aayuiror fee tide ta the Proprrty.�hc leuzehoia nnd ihr fc�iiilc sha!!nas snesge unit+s�I.ender agrces
<br /> .:±� � • .� � to the merg�r in writing.
<br /> � ' � 7. Proteclioo af.l.ender's Riphtt► in the Property. If Burrowcr fvils to pert'omn the covem,ms und u8recments
<br /> ' ' "' ^ cun�ained in�hi� Securilp Ins�rum�nt,or them i� u legul pr�xceding �ha� muy tiignificaady uifect Lender+ rightw in Ihe
<br /> . . - propeny lsuch•rx o paxtinding in bankruptcy.pn�huw.fur conJemnution�r forfeiwrc�r to enforcc luws or regulntians),�hen _
<br />. .. Lender may du unJ pay fnr whutev�r i�ncce.sary ui proiert thc vuluc��f�hc Pmpeny und Lender's rights in[he Propeny.
<br /> Lcnder w u�:�iom mxy inclucle puying uny wm��curud by u lirn whirh hax priority over this Security In�tniment,appesuing �
<br /> '"• in coun,paying r�a.ron+bk+ atlorncys'feeti anJ cnlering on the P�u{xrty to make rcpuin. AUhough Lender may tnke Action —
<br /> �`�•` � under thix p�rugruph 7,Lencjer duew nut have�o do�o. _
<br /> "'"'� �' � ' Any amounts disbur►re+d�by Leoder under thi, p:u'ugraph 7 +hull bec:ome Additionul debt of Borrower secured by this —
<br />===?� "��� ' ���� Sccurit Irr.trument. Units�Hurrower nnd Lender ugree to other tcrm+of puymcnt.these amounts shall beur interest from the -
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<br /> dnte of disbursement at tl►t Note ratc an d x h a l l b e p a y a b l e, with interext,u p on notice irom Lender to Borrower requestm8 E~
<br /> �=w�� ;�. ., . . payment. -
<br /> �,:� ,�r o {. 8. Mortgage lnsunance. If Lender reyuircd monguge insurunce a. u condition of making�he lonn secured by�h�s �'
<br /> Security In�lrumem. ao�m�ver sholl pay the premium� rcyuired to muinlain che mortgage insurance in effect. If, for any
<br /> `' �'�"�``�� `� reason. the morlgsge insurunce coverrge reywred b�� Lender lupse+ar cea+es to be �n effect, Borrower shall pay the —
<br /> .=fi.,.' " . • premiums requited �n ubtain coveruge wb.tantiAlly eyuivalent to the mortguge insurunce previoutily in effect, a� a cost
<br /> .•�: .•. . substantially equi�:�lrn1•w [he cost tn Bam�wer of the mortga�c in+urance previuusly in effect,from un altemnte mortgage
<br /> ,a'+' in,urer appnw�by Lender. If substumiully eyuivulrnt mortgaFe intiurunce roveragc iz not avuilable,Borrower shall pay to
<br /> � �� Lender each mcm�b a�um equnl to one•tweltth af the yeurly mongage insurunce premium being paid by Bormwer when the _
<br />,_A'.;;�' � •��: insurance covesuge lupsed or ceased to Ix in effer�. Lender will a�cept,use and retain thetie paymentti us a loss reserve in lieu __
<br /> -"' ' of mortgage imunu�ce. Loxs reservc paymrnls may no kmgcr be reyuired, at the option of Lender, if mortgage insurance
<br /> �'`'r•.`M'• ' coverAge(in th�t unaunl nnd for�he period thal Lender rcyuireti)provided by an in.urcr approved by Lender ugain becomes _
<br /> ;,;,}:'�' ' uvuilable and is obtained.Borcower.hull puy the premium,requimd to muint•rm martgage insurance in effect,or to provide a _
<br /> s.{r;;. loss reaen�c.until�the reyuirement For mortguge insurance ends in urcord•rncc with•rny written agreement between Borrower L
<br /> •� and Lender or u�Plicnble luw. �
<br /> - . . 9. Inspection. Lender or i1� •rgrn�m�+y mukr reuxonable entries upon anJ in.pections of thc Propeny. Lender sfiall =
<br />- • give Bnrruw4r notice at ihr timr u(ur prior tu an imprrtiun yExcifyin�maumahlr rau,e fcx�he in.Fx:ction. �
<br /> 10. Condemnaliun. The pnnred,��1'uny aw•arJ ur cluim 6,r Juma�r..Jirrrt or comeyuentiul.in conneclion with uny e
<br /> ' tiinpleFam�1�-•FannleNue/FrcddlcNrcfNIF/1R�1t\ti'fNl'�fE\'1'-•I�nd�mn('���enrnt, 9/'10 �rniurt,�/a����.��
<br /> ��rcat Ide„fluunrM F�rm�.Inr■ �
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