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<br /> _...�___..:___� �.,. ��ods chtu Lender requires. 7tie in�urunce currier providing Ihe insurunce whall be chocen y Borro1�ubje��i L'enderk
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<br /> �"� upproval which siull not be unreasaiubly wNhheld. If Borrower fnils ta muintain coverage described above,Lender muy.�t
<br /> '•� ��°```� ` Lencler's optian,obluin coverege to arotect l.ender:s rights in Ihe Propeny in uccardance with paragraph 7.
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<br /> � -a.� - All insuronce policies und renewal�shall be acceptnble to Lender wid ch�ll include u s�andurd mortguge clauce. Lender —
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<br /> � ..;Y i .��:.�- Kha1!have the rigtN�o hold U�e policies and renewolr. If l.ender requin�x,Bnrrowcr xhall p�ampdy give to Lcndrr all receipiti —_-
<br /> , } � of pnid premium�and rcnewal notices. ln the event af la+s,Borrawer shall give prompt notice to the inaurnnce curier�uid
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<br /> L.ender. Lende�muy makc proaf of loss if noi rnade promptly by Borrower. �``=`
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<br /> ,:�;j�.�"'�''���.: Unlesc L.ender wnd Borrower ahenvise u�rce in wriling.imurancu pr�kccJti�h�ll be applicd ta restoratiun��r rcp�+i�of �_
<br /> �� f j�'�:�� the Property dumaged,if�he restoru�ion or repair is economically Peucible und Lender;recuriry is not lesxentd. If 1he �„q�
<br /> �"�� ,�,, restoration or repair is not economicully ieacible or Lender's u�u�ity would be kcsened,ihe insuraoce proceedw shull be _-
<br /> �?i�i�cK.•!;y:_
<br /> " .�»:::"" .�� a"" upplied to the sums secuned by this Security lnslrument,whether or nW ihen due. with uny excess paid to Borrower. If �"� - -
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<br /> - „�};,__, Barrawer nbandons the Propeny, ar does not unswer within ;0 duys a notice from l.ender that the in�unmce carrier has �,�.._
<br /> � • `!�;�, offered ta senle a clAim,then Lender muy collect the insurunce praceeds. Lender may use ihe proceeds to repuir or restore !n y^_
<br /> .. ' the PropeAy or to pay sums secured by thi�Security Inxtrument,whether m nollhen due. The 30-doy period will begin w{�en ��°_,_�
<br /> ':c.,. .°�'�"`� the nwice ix given. `
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<br /> -- . Unless Lender and Barrower otherwisc agree in writing, uny applicutian ai praxeds to principal shall not extend or �'.'"�
<br /> -'""`•°t°s`"8�"�'' postpone the due date of the monthly payments rcferred ta in purngmphs I und 2 or change the umaunt af lhe payments. If �'"'�'"�-
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<br /> -`:��,,;�,, under puragmph 21 ehe Property is acquircd by I.eader. Barrower's right ti� any in�urunce palicies und proceeds resulting �___
<br /> �,��sr,,•t ; � � i'rom damage to the Propeny priar to the ucquisl�ion shall pvsr ta Lender to the extem of Ihe sums secured by�hix Securily —
<br />_ __ ° , Inst�ument immediutely prior to the ncquisition. � ��,r
<br /> � � � � 6, O�cupancy, Prese�vwtion. M�inlenonce end Protection of the PropeHy; Borrawer a Loan Appllcation; ,�r.:,.
<br /> ,;,,$,� , � �--�-�.{r' Leaseholds. Bormwer shall accupy,establish,and use the Property as Borrower�principal rexidestce within sixty duys After �^.��_
<br />— �. ,'t.`,,��;i the eaecu�ion of this Security Instrument nnd tihrll wntinue�o occupy�he Propeny as Bortower's principal residence fa�ut � �
<br /> 4���. � •.`�'�' ' least one yeor afler the dute of occupancy. unless Lender otherwise ugrees in writing. which consent shall not be �,�j���
<br /> .� `' � ' unreagonubly withheld,or unless extenuating circumstuncex exixt which ure beyond Borrower'.s conuol. Bomower shall not ����s�..
<br /> . . . .`'��,,.. :. �,'';,S•; dest�oy,damage or impair�he Propeny,Allow �he Pirapeny to deteriornte,or commit waste an the Property. Borrower shnll r:�+;S;.. :,
<br /> �'�''""" '�'`• • •;; be in default if any fodei�urc uctian or praceeding.whether civil or criminal,ix begun�hat in Lender+goad fs�ith judgment
<br /> � �� ```��" could result in farfeiwre of the Property or otherwise mnteriully impair the lien creuted by this Secu�ity Instrument or —.-�'�'-=
<br />-� • � � � . Lender's�ecuriiy intere�t. Borrower may cure such o default and reinstAte,us provided in paragraph 18.by cnusing the action ��'"R�
<br /> � �� � ar praceeding to be dismissed with n ruling�hat,in l.ender's good faith cle�erminu�i�n,precludes forfeiture oi the Botrower'� '„,_„
<br />-�' ' �' •xT �n � intere5� in the Piropeny or othar mnteriul impAitment of the lien crculed by lhis Security Instrument or Lender� �securiry t��� ,y
<br />`�;��;, intercst. f�arrowcr SIIQII IIISO be in defAUl� if Borrower, durin� the loun upplication process, gave mu�criully fal+e ur '•,�.-
<br /> ;:�'.�r � •� '-•�' , :, inuccurate infarrnation or sta�ements to Lender lor failed to provide Lender wi�h s�ny ma�erial information)in cannection with ; .,,.;,�,;
<br /> � � ��, the loan evidenced by the fYote, including, but not limited to, �eprtsentations concerning floROwer's accupancy of the ��::
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<br /> , , °��,,;,, �� Fw�xrty as a pri�ipa!residetaca !f this Security lnstnsment is on e 1e3��hnl�i,iiom�wer tihall comply with uU the provisions .a ti �._
<br /> =. -+�«,.., ' ^ . of the leatie. If Borrower acquires fee title to the Propeny,the leaschold und the fee title ghall not merge unless Lendcr agrees .J�{�*:-
<br /> to the merger m writing. _.
<br /> , � " �� •.;. 7. Protectlon oY I.ender's Rights M the Property. If Borrowcr fails to perform thc covenants and agrcements
<br /> � conwined in this Security lnstrument,ar there is a Ie�ul proceeding ihut may sigmficanUy uffec� Lender:s rights in the �•"
<br /> � "' Property l�uch a�a proceeding in banlauptcy, prabate,for condemnation or fexfei�ure or to enfarce laws or ragulatians),then ;".•?;,�;
<br /> ' � ' Lender muy do and puy�for whutever iti nece,sary to protect the value of the Property s►nd Lender� righls in�he Property. _ -""
<br /> • Lender's octians may include puying:uiy sums�ecured by u lien which huy prinri�y rner Ihix Security Instrumem.appearing ' � � `
<br /> � �. . in court,paying rensonable attomeys'fee+und entering on the Propeny to make rep•rin:. Although Lender may�Ake actian --•�
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<br /> r ' under this paraRraph 7,Lendcr dixx not huve to do so. ��;•;�;-.
<br /> ��.,:. � • Any amounl+disbursed by LenJer undcr thi+purugraph 7 shall IKrome aikli[i�mal debt ot' Borruwer kcured by Ihis ,__.,,____
<br /> Security Inwtrument. Unle+s Burrowcr�nd LcnJcr agrce w uihcr trrni.of puymrnt,thc+c amoum..hull he�r interc.t frum the ,��'•��
<br /> �� � dute of disbunemcnt at the Nutr rute und shall tie puyable.�vith intcrest,up�m nixice f�om Lender to Borrower reyuesting --�`-• ' �
<br /> � :`•fi��;. , . ' payment. "�,__:
<br /> . !�`��,';, ' S. Mortgage Insurance. If Lendrr required mongugr imurunce ns a condition of muking the loun+ecured by this �:---.
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<br /> � ;.,,,,• .. . •,;;;�. ,, Security Instrument, Barrow�r+hall puy the prcmium+r�quircd to muim•rin�he manguge imuruncr in effect. If,for nny
<br /> '^,�,;` z �euton, the mort u e insunmce coveru r re uired b Lendrr la .��or crases to he in effect, Bexrower shnll p:�y the ��'l'��"�
<br /> . �;;'';;•;- B L� F 4 Y P �;�':
<br /> ' �����r;l ,A,�•,�;•�.c,:e� premiums reyuircd to obtain covrrage .ubstuntiulty cyuivalent to the mongage intiurunce previcw�ly in effect, nt a cast ,
<br /> , �S substantiully eyuivulent ta Ihe c��t to Borrower of the m�mguge invurunce prcviously in effect.from un ulternale mortgage '''"°"'
<br /> '�;�`��'„ ' ° insurer npproved by Lender. If substantially eyuivalent niunZta�e intiumncr cuvemgr is not uvailuhle. Borrower shall pay to ,;a� ,
<br /> h�� '" � LenJer each month u sum eyual to one-twelRh of the yearly m�mgugr imurunrr prrmiurn t►rinE paid by Borrowcr when Ihe -
<br /> ' ^, in�umnce coveroge lupsed or reused to tk in et'fect. l.ender will accept,utie anJ reiuin�hc.e payment.a+u lo.�re+ervr in lieu _ _
<br /> - � ' of mortgugc inaurunce. Lnss re�erve puymen��muy no longrr In rryuircd.at Ihe optiiin�►1'LenJer, if mangage insurance -.,-._
<br /> � ' n � covcrage(in the amaunt und fur thr per�od�hat Lendcr rcyuirc.l pn�vided hy un in.urer appruvcJ by Lender uguin Ixromes
<br /> . � ° uvuiluble und is abt:�ined.Bottowcr xh•rll p•ry ihc premium�rcyuirrd to maintain niortgu��imurancc in ct'fect,or to provide u .
<br /> - ••5 •. los,rexerve,until�he requiremcnt for mortgugc imurunrc enJ, in arrordanrr�.•i�h�►ny wriu�n ugrccmm�t hetwecn Burcawer ;�;;,� •
<br /> und Lende�or upplicahle law�.
<br /> 9. InspectH►n. Lender or i�+aErnt m:+�•makr rrawnaMc rniric.up�m anJ in+�xclK�m ot'thc PruEx:rty. Lender tihall ('��
<br /> give Burt��wcr ndicr at thr timr i�f ur prior�o an in.�xrii�m+�n rif�•ing rea.��nahle cau,c 1'ur�hr in.�xrtii�n.
<br /> • 10. Cnndemnallon. Thr pnxcedti�d an�•a��urd ur rl:iim fur dama�r..dircri ur r��mcyurntial. in runnrr�ion with any �.
<br /> �s -. , Sm�le Famd}••twm�le�fue/t'nddle�trc l'\IF/IR�11\ti'1'RI'�1Y.\'1'..l'minm��'�,�rnmt, 9/90 r�wp�•.+,��n pixrv �;,
<br /> � , �:rr.n�.dn x�wnet�vmro.�nc■ ;�,..
<br /> Tu onti�:�M 141�PS:M►9TJ;1 CI YA\tl18•71141131 t, ',
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