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<br /> p����,�nde�roqui�es, 1�e��s. . ..c�trier pmviding the insuiance sf�11 ba ci�asea by�o�rawer sub�ect to Lerder's
<br /> • appmvai wAich st�aU aot be -, `.. �tv�ithheld- if Bono�rer faiLs to mtintain rnvrnge dest�t`6ed above..l.erniec may.at
<br /> ' Lender's option.olxain coverage co pfnT�t�.ender's rights in tite Ptopetty in accondance with par¢graph 7. <
<br /> _ AIl ins�ance.poticies.�ud reaewats shall be acceptabte to Lender and shall u►elude a standard martgage cla�se. Lender
<br /> • chall Mave dse rigM to hold the policies`and renewals. If l,ende[�quins.BoROwer shall pco�nptty give w i.ender att c+eceipts � .
<br /> of p�d premiums a�d rene'w+ai notices� In the event of toss,Barrower st�ail give prompt ndice to tl�e insurance caniei aud
<br /> . I.ende{,Lender may maYe proof of toss if nat made prort!PdY by Borro�uer. •
<br /> .Un1e;s Lende�t and Eoirowes aherwise agcee in wnting,insur•uice proceeds shatl be applied to mstoratiart or�epair of
<br /> --�-� � - tbe ptoperty damag�.if the rrstoration or ie�air is econoaiicatiy feasibte and Lender's-security is na Iesse�x+3. ,tf ti�e � ��---
<br /> • nstaatiat a t�P�,l�not economicaily frasi6le:or.l.ender's secunry wou:d be tessened.tbe insurance pmceeds sslial!6e
<br /> .- --—�= appl4e,�,to tl�e,�,�.�r!�,�ec�cy r�u�nr:wne�t;er�noc u�a�,with any eacess paid to Bormwer. �
<br />- -� ' �T4W�a��t��4he• . ., ��Q�,rwt answer within 30 days a naice from ixnder that the insuranc�carrier has
<br /> ' offCI�1 tr�settte p cl�„f�e{l�. `,I�_ 'coltect the insur.uxx Proeeods. Lender may use the proceeds to�rpair ar nsw�c
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<br /> the i�o�e�.or t4�I�Y�r5f�.�4�Z .M.0�tY tawument,wt►ether ar not then due. The 34da od wilt 6egin when =
<br />' tlx.�at#!��s gi�v��:..
<br /> ; Un�Lei�ei a°d,,,�4�,o,1'VCr othetwise agcee m wtiting,any application of pmceeds to principal shall tat catend or
<br />, .. ..{IFe,i�����..��,��Y Paymeats refe�red w in patagraphs 1 artd 2 or change tl�e ama�t af the payments. If --— -
<br /> . u��B_j!; .�1:'�:�°Pert3'����Y�Somnwer's right to ang insvrance policies at�p[nceeds.te9iltiag - --- __--
<br /> . f'�'�14I�1�to the{'mpe�ty ptiar m thc acquisiaan sA�i!pass to Lende�to tbe extent of the sums secured by this Socurity . _—
<br />-, I�m�(�t immediately pcior w tbe acqnisition. - - e__-
<br /> � ,. �. Ocwp�tac9. P�esesvation, Mainteoaece aad Protection of t6e Psopeeg': Borrower's Laa+n Applitsitioo; �-�
<br /> • .- Lesseboid.c. BocroRer shaU accupy,establisb.and use the Ptaperty as Borrower's principal residence wethin sixty days after; f,:;,_
<br /> . . �� . �`-.�_-�-
<br /> " - tt�e exeeut'son of this Savrity Insuument and shall condnue to occupy the Property as Barmwer$prit�cipal issidcrxe for at �:�_-
<br />• `��': � lease a»e year after the date of �ccupancy. unless Lencler otl�erwise agrees in writing, whicb consent shall nat be •. -,�.
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<br /> '-' . � �sona6ly witt�het�.ar unless eatenuating circumstances esist whiSh a�beyond Borrower s controL Borrawer shail rwt , . -��--
<br /> �" ° desaoy.damago or impair the Propercy,allow the Ptopeny to deteriorate.or commit waste on the Property. Borrower shali .� __
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<br />• • be in defaWt if'any forfeitttre action o[proeeeding.whe t h e r civi l or crimina l.is 6 e g u n ihat in Lend..°is g a a d faith jud g m ent ."`'�_:_
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<br />. �°.� ;��;=;:' '�, could resuJt in forfeiture of the Avperty or otheswise materially impair the lien created By this Secinity lnsuumem or . :
<br /> ;�; ,;ti-���..# , : Lender's securiry interest. Borrower may curc such a default and re�nstate.as provided in paragraph 1 S,by causing the action f . , `—
<br /> ..�� .F -.• ,- ` urpcoe�eding ta ba dismissed wiUi a njling that,in Lendec's goad faitd itet� � a'aa.precludes forfeiture a�the Borm�vers .. . � c—
<br /> � Y �,_` : . �i�ec�'sn the praperty or othei material'impairment of the lien created by this Security instrument.or Lender's secu�y � . , —
<br /> .,���.• ' �• int:°r�t Bonower shall also be•in default if Bamnwer, during the loan applicatian process. gave materially fats�ar _ , _
<br /> ,,r.,.�,;.y.< ..,'._:' `: • _ .
<br /> �•:.�-. ..- -r. . ivacc�rate infom�atiaa�.4r statements to Lender(or iailed w provide Lender with any materia�information)in connectcori w�itt� . ''; :'
<br /> - ' the loan evidertced b��the Note. including. but not limited to,representations canceming Sorrower's occupancy of the �� �`�` -
<br /> �.-� •. 1'• ` � Pmpecty as a princr.�i residence. If this Security lnstrument is on a leasehold.Borrower shall compty wide all ihe pravisions � ;��"�..�
<br /> i�'�. ..:,{,�..,.
<br />' '��' -.�-'•�+ of the tease. lf Boaower acquues fee tiUe to the Property.the lease6old and the fee tide shalt no{merge unless Lender agrees _,�
<br /> :�lx�:�s;:�+.�.,�` w the merger in writing. •..�
<br /> .m� - ; `"�'�° 7. p�p��� o�1,�rs.Righis in tde Property If Borrower Faits to perform tf�e oovenants and agree►nents � :°°-'
<br /> 4£.'�r=_"Y����t. . :�s
<br /> .. � . -� cantained in this Security lnscrrs�ent,or the�r is.a legal prac e e d'mg t hat may sign i f icant Iy a f fecr Gercder's ri g hts in tt►e _ �__;�,��
<br /> ,, _ -. property(such as a proceeding in bankruptcy,proi�e,for condemnation oc forfeiNte or to enforee law-s arregutations).then . -: 'R�';�'
<br /> ." - •. Lender may da and pay for Kh�ecer is necessary to protect the vaiue of the Plroperry and Lender's rigFts"sa the Property. • � . -tti-'-_='
<br /> � � Lenders actions may inclade pay:�g any sums secured by a lien which has priority over this Secuary Insuument,appea�ng. • , ` �
<br /> � in eouri. a in reasonable attara s fees and enterin on ihe Pra to make airs.Aithou Lender ma take acc�a� . - � `
<br /> P Y S �"' � P�Y �P 8h Y .�:r•
<br /> � � . under this paragraph?,.Lender does not have to do so. � . �•• � �
<br /> ��.�, Any amounts disbursed by L.ender under this paragrapb 7 shall become additional de6t of Borrower secured by this _.
<br /> . _ = Security Instrument. Untes�Borrower and l.ender agree to other terms af pay ment,these amnunGy�hall 6ear interest from the �.. , r�.�
<br /> ,, ' date of disbursement at the Note rate and shall be p�ayabte,with intere�t.upon notice from t.ender to Bocrawer requesting . � `=":-
<br /> �'.,,„ .....' PaYmen� � �. _
<br /> � .: ,;9{�;:�r�. S Moctgage InsurAnce Ef Lender required mortgage insurance as a conditioa af rnaking the loan secured by tbis � , ::,�4;.-
<br /> � '?'" , Security Instrument.Horrower shall pay thc prcmiums required to maintain thc martgag�insurance in effect. If.for any E - �
<br /> � ' reason. 1he mortgage insurance coverage reqa�red by L.ender lap�es or ceases to be in effect, Borrower shall pay the � , _
<br /> • � %�! • premiums reyuired ta o6tain coverage substantially equivalent to the mart�ge insuranee previously in efPecl. at a cost �-
<br /> ' - , '"''�•' substantially equivalent to the cost to Harrower of the martg�e imurance previnusly in effect,from an altemate mortgage . ��=
<br /> �:;�,,;�,; �.,� insurerap�roved by l,ender. If tubtitantially equivalent monr��e in�urance caverage i�nar available.Borrawer shall pay to �• `• 7,� ,�
<br />, - . Lender earh monih a sum equal ra one-twelfth of thc yearty�s:csrtgagc intiurance premium being paid by Horrower w�he�tY�.e �. -!�y;;��
<br /> ' , insurance coverage lapsed or ceaced to be in effect. Lender witt accept.u�e and retain the�e payments as A lotis reserve ir�tiea f :',;'��,�'.
<br /> ��%��:•:
<br /> ' �� • of mortgage incurance. Loss rescrve payments may no longer he required.ul the option of Lend�r.if mortgage insurance ; . .
<br /> • . .. � r, coverage(in the amount and for the periad that Lender require!:)provided by an insurrr appraved by Lender again hecomes i � �
<br /> . • . availuble and is obtained.Borrower�hap pay the premiums rcyuircd to maintain mongage insurance in effect.ar to provide a ; .-
<br /> . tass rescrve.until the requirernenc for martgagc intiurance cnd�in acwrd�nce with any�vriuen s+�reetnent betwcen Sorrower = : ' , - .
<br /> � ' � and Lender ar applicable law. ! . "
<br /> 9, lnspection. l,cndcr or i.ti abent may roakc reationable entric�upun and inypection�of the Proprrly. L.ender shall .
<br /> , '�, ,� give Borrower natice at the time of or priar tn:in in�pecti��n.rpecifying rcru�nable causc fi�r 1hc inspecli�+n. i� • ' ' ' �
<br /> • 10. (:ondemoallon. The prc�cecdti of any awarJ or claim fi+r dam�ge�,dirert ur cunuquen�ial,in conneclian with any . ; , •
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<br /> • ' Singlc F:sr.�ty.-Vannle S1ae�i'reddie S1ac L\IFI)NH I%tilRl'�1F:Y1'-•Cnda�rm Coven;ml. 9190 ipngr.�ajb pr.ces� � •
<br /> 1ae,0 talr.�xuunew va+re,tec.• . '
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