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<br /> • , ���, ,������� LOt�N N0. 1 5 3 9 2 1 4 5 2 0
<br /> 6111 Insurance pallcles Art�i rene�vale ahall b�accepWblo to I.ender and shall Include�standard niortgnp�clauso.
<br /> �, ' Lender shall have the rightto hold tho polclas pnd renewala.If Londer requlres,Horrower shall promptly fllve to Lender
<br /> . �- ali rcc�ipte�f pald premluma anci r�nowal nutices.I n the event ai iosa,Borrower shall Iva prompt notice to the �
<br /> Insuren�a cArrler and Lor�dor.l.entier may make proof of loas It not made promptly by��r�awor.
<br /> � Unlesa Lendar encl8orrawer atherwise agree in wrfting,Insurance proceeda shall be applled to raatoratlon or repalr --
<br /> � " '' ot tho Pran�rty damac�Ad,It th�reatoratiAn�r repalr Is economlc;ally feaelble arid Lender's securfty Is not lessened.t�the ��
<br />, � �;.� reatora4ton or repalr Is n�t oconomlcally feaslWe or Lender's securfry would be lossened,tiye I�isuf�ance procsc�cl6�hall �-_
<br /> „ . , be applled to the suma secured by thts Securtry Instrumant,whether or not then due,wfth any excess pald t�Borrower. _
<br /> ��;.� If 9orrawer abarxl�ns the Property,or does not answer wfthln 30 daya a notic�from Lender that the Innurance carrier _
<br /> has otiernd to settle a clalm,thsn Lencier may collect tho Insurance proceeds.Lender may use the prxoeds to repa(r —
<br /> �"^�"'""'�� or r�atore the PropArty or to pay�ums secured by thls Security Instrumont,whether or not then due.ThA 30�day perlod _
<br /> ` ` .. wlll begln when tho notice Is gfven. --
<br /> � �_' ;. t Unlesa Lender and BorrowPr otherwlae agree In wrfting,any ap�licatiun of proceeds to princlP�l cl�all nnt extend or ,_
<br /> 1. ��,��.�? .}"' postpone the due date of tho ina�tirtiypaymerets referted to[n paragraphs 1 and 2 or chango the amauM of 4he
<br /> .,�;��..�:,;;,: payments. if under paragraph 2U t're 6'rnpertY Is acqulred by Lender,Bor�ower's right to any Insuran�e pal{cles and
<br /> :����f: proceade resulting from darnag�4e�4:�e Propci�ty�rior to the scqulsftian.i���!pass to Lender to the extent of the sstms _
<br /> secureci by thls Secu�ity Instrument Immodlat���ar to the a�quisitloe�. __
<br /> � - �':.,,;�. 8.Accup�ncy,Presenn�tlor�,Mdr�teruince�nd P�otectlan o?ihe F��sperty;Bonower's Lon►r�¢plication: -
<br />` �:'•�� �� I.smtelrok�a. Borrawe�shatl occupy,eatablish,and uso tNe Property as Bonower's principal residance withtn sbcry deys
<br /> • after�I�o�z�cuYfori og 4his 5s�urlty fnstrumcnt Ar��haU ce.^.�.�!e tp occU�y tha Property as Borrower's princlRa9 .
<br />, .,:-.`;�.-. .� �� reslder�garat Isasq one year sfter the dato of occupanc�►,ar,r.lesa Lendor otherwlse egrees In writing,whlcn cb�sent
<br /> shall not be unreasonaWy withhdd,or unless�xtenuating circumstances�xist whlch are beyomi Ba��ver's cantrol.
<br /> , Borrowor shail not�Q�troy,damage or Impalr tiso Peoperty,ailow the Prcrpsrty to deterlorate,ar ca�rmr�tt waste on the
<br /> �,��;��:-�,� � Property.BoRrnnrer shnil be in default M any forfeltu�e actton or proceedin��,��ahether cPvll or criminai,�S begun that in
<br /> :..:,,N 1� Lender's�ood fiafth Judgment ce�a?d resuit In forfofture of th�Praperty or oYherwlse matedally Impair the llen created by _
<br /> � `�� ' this Security Inst�ument or Len�nT's security Utere�st.Baar����r may cure such a ctefci�fi and retnstate,as provlded In
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<br /> �r`'� '�frf>;��;' paragraph 19,by ca�sin�the acR�nn nr pnoceeding to be dism(ssed with a ruling thai,;r�Lender's good fafth
<br /> �"��.'iy���:' determinatio�,preclu�ea forte(ture of the Bonawer's interest In the Pre�s�y or other mate�l ImpatrmeM of the Ilen
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<br /> created by this Socwrity Instn�mant or Lender's security interest.BorroK�r sha11 also be In detauit If Borrowar,during the
<br />. .+�-11'!�y
<br /> �.� �� � . loan applicatlon process,gave materially false or inaccurate Ir�om�atlon or statemeMe to Lander(or taNec!to provido
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<br /> : �.. .. ;.� Lend�s wiih any material Ir�ortnatlon)In connectlon with the loan evkiencecl by the Note,Induding,but not(imft to,
<br /> �M�i,;���'� repros�r(tatlons concerrsing Borrower's occupancy o�!tho F'T�perty as a principal reskionce.If this 5ecurity Instrume►rt Is
<br />,-;�:��.- ,i;"�•�' on a leasehold.BoRrne►er shail compiy wim aii�me provisioi,�vi`u`�v i�, i;°.��:;at usx�tsl.�fr°tttls i��R!�a►ty,
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<br />==�'t;;.�� ....; the leasehc�W arxi the foe tkle shall not mergo t�niess l.snder agrees to Y�i rrnerger In wrtting.
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<br />-��� 7.Protection a41.,endsr'�Rlphts in th�PrapeNty If Donower iaAs to perform the covenants and sgreeme e
<br /> �v��:h�;.,'Q contaEned tn thls Security Instrurnent,or there Is a legal proceeding that may slgRiHcaMiy a8ect Lender's rlghts in the
<br /> =�,:;;,;-r:,� Property(such ae a proceeding I�e bankruptcy,probate,for condemnat{on or fortel�i.r.��E�nrto enforce Iaws eN
<br /> •-�:::: . regd�3i�ns),then Lander ma do und pay for whatever Is necessary to pratect the v�9v�e of the Property and Lender's
<br /> --- - �°= rigMs in the Property.Lende�s actlans may Inci�de payfng any sums secured by e Ilen which t�as priority o'ver thia
<br /> �-�. SecuNiy Instrument.a ring In court,�Ay1R9 PO�SSOREl�IB BItORl9�18'fees and errtering on the P�eRy to make
<br /> ,-�;:�.,�,i reRe�.Atthougii Le er may take actlon under this peregreph i,Lend�r does not have to do aca.
<br /> -���°`�°'° lqny amounta dlsbursed by Lendsr iander tliis paragrr�ph 7 shall becomo eddklontil debt of Borrower secured by
<br /> � tnterest fro the date of dlsbursement at th Not�te a d sthN�be payable,w th 1�est,upon no ce fr�ml�Lenalrer to
<br /> B�wer requestin9 PaY�'��•
<br /> � s.Mo�ga��loouranca. If l.ender requlred martgage lnsurance ae a condftlon of makin8 the�oan secured by this
<br /> — Securtty Instr�ument,Bortower shall pay the premtums requtred to malntaln tha�no�tgage Insurance(n effect.If,for any
<br /> —==-�:�_� reesom,the mo�tgaye Insuranco coverege requlred by Ler�der lapses or ceeses to be 6rn etfeCt,Borrarwer shNl paY the
<br /> — preml�ma requfred to obtaU cc�ve�ge substaMlaliy equfvalent to the mortgage Insur�►�nce prevlou:;iy In etfect,at e cost
<br /> — - sut�ntlally equhralent to tha cost to Borrower of the mortgage Insurence previously In etfect,from an attemate
<br /> _ _ _� mort�a9e fnsurer��oroved by Lender.lf sut�siantialiy equivaleM mortgago Insuran�e caverage Is�+ot avaNable,
<br /> - �T� �ortower sh�li pey Ro Lender sach month a surn�qual to w�e-tweiith of the yearty moKgage Insurance premfum betng
<br /> pa�C tby�orcawer when the insu�ance coverage lapsed a'�ased 4o be In etfect.Lendex wNl acce�,use and�tain these
<br /> pe�ynner�ta es a loss reserva in Ileu ot martgage fnsuranco.Closs reserve paymer►4s maY no longer be requlred,et the
<br /> p�atlo��09 Lender,if mongage insurance cavsrage pn the ar�nouM and fior the pe�loda that Lender requlres)provided by
<br /> — an Ins�ar6r epproved by Lender agaln becomos avallabte and is obtalned. Bonower shall pay the premlums required to
<br /> ---== mairrt,eln mortgage insurance In offect,or to provkie a loss�essrve,urttil 4he roqulrement for mongage Insurance enda
<br /> In Ar�coMance wkh any writt.en agreoment between Borrower and Lerxler or appl{cabte law.
<br /> ---=�;�;�:;7�� 9. tnsp�ction. L.ender or(ia agont may make rsasonable entries upon and tnspeatlons of the ProQerty. l.ia��der
<br /> .��,'::'���,� shall gNe Borrower notice at the time ef or p�lor to an tnspectlon specifying reasaca�!U1�a cause for t�he inspeatlan.
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<br /> :".'�''=v NE0�i31\59U-31ldGLB FAAAtIY—FHNWFHLMC UqIFORM INSTfe�1�1��NT . �� :. . •9, FORM 30@�Y/90
<br /> '�.:s;�dt��i� 13�/�`�ND7NE//0782/3028(9�9D)-L G'�94',7E 9 OF 8
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