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<br /> '. � ., ' . � . 92- 104�3'�' --_--=___ --W_
<br /> _,.,� p�ripds thnt L,encier rcquire�t. The in�urance caRier providfng the Insurance shall be chosen by Borruwer subject to Lender's �°.L.�_'1,,; ";;�'-�'''
<br /> --- uppr�vai wnici��iw;����w ;�::-='^nsMe Wirhh.id IF R�wer fuils ta m�intain covern�e descdbni above.l.endcr nuy.at �� f� - -
<br /> � _ ' I Lender's option.aWain envero�a to proteel Lenderi n�hta in tha�'ropeny in uccuraonce wun pwug��pi, �. _
<br /> A l l insuru nca N u l k{c s a n d�c c t¢w o l s a h a!!b e e c c e p t a b l e t�L e n d e r end ehall Include�standerd moKBage clouse. Lender �
<br /> s hall hwe thc�i�ht to hold the palicics ond renewala. IP Lender requires,Bortower ahull promp�ly�ive to Lender a l l rece ip t�
<br /> 1 � oF paid prcmfums und rcnewul notices. ln t ho event o f loss.Botro w e r e h o l i�i v e p ro m p t n o t i c e t o d i e i n s u r�►c e c a�r i e r ond _
<br /> • � ' Lender, Lencler muy muke proof of lo�s it not mudo promptly by Borrower. .�.,:.--�--
<br /> Unles�Lender ond Borrawer aherwise agrce in writing,insurance proceeds ahall be+pplfed to ros�oratfnn ar ropuir af ,����
<br /> r= �
<br /> y �h� Praparty domaged, it the rcslomlia�ar rcpair is economically feasibk and Lender's security fs not Iessened. lf the _.���-���--
<br /> cestorution or repuir i� not ecanamically feasible or Lender�security would be lasened, the insurunce proceeds shall be , s�t
<br /> - - -._ --- -_ applied to the rums srw�rJ Lp 1i�is Se�u�iiy i���i�a����ttt. :zhct�:r or noi then�r.r,wid+ nny escess peid �o Bortawer. If �:�:�-'---'` ...-,_.��,,,
<br /> ��'� � � Borrower ab�ndons the Propeny, or das nat an:we� wi�hin 30 days a naica from Lende� that tMs insurance carrier h�s .����4���;___._- "
<br /> ofFercd to senle o claim,then Lender m�p collect the inaurnnce proceeds. Lender mny use the proceeds to rcpair a�rostore
<br /> I :,...�---
<br /> the propeAy o�to p�Y:ums�ecurcd by thii Sxu�ity lnstrument,whetha or not�hen due. 'the 30�day pe�iod will beRin when ;;��ti',;;,�---
<br /> �ho nodCe is�iven. i�:tiw:r�_.�__�—
<br /> 1 Unless Lende�and Borrowe�o�herwlse a�rce in w�{ting,or�� upplication af proceeds to p�incipal ahall not extend or L'.�lY�v�„;�"'°"-"�-
<br /> pastpo�e the due dste oi the monthly payments nferred to in pnragrapha 1 and 2 or change the amaunt of the paymenu. IP �
<br /> ' under parugrsph 21 the P�operty i�ocquired by l.ender.Bortower'� dght to any fnsurance paUcies end proceeds re�ulting �.�eemi4i X�as�ti
<br /> a �.�;.-=
<br /> �m�m�ge ta�he propeqy pdor to the acquisillon:fwll pa�s[n Lender t�the eatent of the:ums secu�ed by thi�Securlry �_ _
<br /> �nstrument immediatel prior to the uyuisition. 7�'£"�-'
<br /> .t.:.l,.,.r'^r,_
<br /> • ' � � 6. OccupAncy�yPreservatlon, Malntenance and Proteclbn of Ihe Propertyi So�w'��'� Lo�n Appllcatloni ;;;,�__
<br /> � , � L,easehold�. Borrower shall occupy,establish.nnd usa the Property as Borrower's principA)rosidenco within:fxty daya after ;_,:4,�.
<br /> •• �he ezeculion of thia Sceudty Inat�ument and ahall continue to occupy the Property as Borrowe�'s princlpal ro:idence for at .,{,��
<br /> � lemt one year nfter �he date of occupancy. unless Lender atharwise agroes in writing, which consent shall not be � ,.-
<br /> wveaeon�bly withheld,or unla:s extenuating cireumstances exist which ure beyond BorrowerY eontrol. Bortowar shall not ,,_����.'`.i;�:•,:
<br /> -- destroy,clam�ge n�fmpni��he Pmpeny,allow the Propeny to det�ria�ate.or coromit waste on the Property. Bortower shall _ , _ ;,_ .
<br /> be io default if any forfeitero actian or proceeding,whether cfvil or cdminut.is I�ege�n thut in Lender's good faith judgment '•���,�•_�;,_,�
<br /> could result in forteiture of ihe Property or o�herwise materiAlly impuir the lien crcuted by this Security l�swment or ; � ,;f;��. --
<br /> Le�der!s security interest. Bortower may curc such n default und rcins�ute,ns provided fn parngraph 18,by caustng the uctton j���;;:;,�;�;,.-�
<br /> ' or praceeding to be dismisaed with a ruling that,in Lender's good faith determinntion,prccludes forfeiture oF�he Bortower�s • '�
<br /> interest in the Propetty or ather mntereaE impaitment of the lien crcated by this Secu�iry Inatrument or Lender's secu�ity ;�°��c'.--�
<br /> i ` ,.,.. , .:.___.
<br /> interest. Borrower sholl atso bc+ in defAUlt if Borrower, during �he loan upplication proceas. gAVe muteria!ly folse or , . . . !--
<br /> inaccurote informatian or s�ac.ments to L,nder lor failed to pro�ide Lender wiih any mnterial informution)in connection with �,�' �;_;._
<br /> the laan evidenced by the Note, including, but not limited to, reprcsentntions concerning Bocmwer's occupancy of the � �:,=`:,..
<br /> {�npeny as n principal residence. If this Security Instrument Is on n lensehold.Bortower shall comply with nll tha provisions f . _ •�_•�•'•';
<br /> • of the leose. If Bortower xquires fee title to the Propeny,the IewehoW and the fee tide shall not mer�e unle�ss Lender ogrea �`y�!•'`+�'..,�__
<br /> to�he merger in w�itiag.
<br /> _ -
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<br /> - - —�:.:--- � 7. Protect4on of I:��de�'a RlghW In the Property. Ii Bortower foils to perf'artn the covenants and ngrcements �,+v sMi�t,�,��'° -_
<br /> cc+ntained in this Security Insttument, or there is n legnl proceeding thut may significantly attect Lereder's rights in tli� • , ,,
<br /> � � �� ` prcrperty(such as a prceeeding in bunlwptcy,probate,for condemnation or fo�Feiture or to enforce laws o�ngulations),then ��..��...�.:•`:•;�;;�',•—
<br /> ��'(r�' '°
<br /> .� ��';tt'�,,;;• � • � Lender mey do and poy for whatever is�ecessary to protect the vulue of the Property and Lender's�ights in the Property. � ' ..� � -•-
<br /> - �••��'�'•'••� ' � L e n d e r's ac tions ma y include pa yin g an y sums secured by n Ilen which has prio�ity over this Secudty lnstrument,Appearing i • •�;•
<br /> - •,•:l;;;,•F_. ' _ °— ��-'.
<br /> ,;�:�,;r:,,,�,�.: in court,paying rcasonable uttomeys'fees nnd entering on the Property to molce repuirs.A l t houg h L e n de r m a y t a k e u e t l o n �,___
<br /> � under this parogruph 7,Lendet does not have to do so. �'- -�
<br /> • ��%���.•; � Any amouets disbursed by Lender under this purogmph T shull txcome addiiional deM of Bom►wer secured by this �":;�;�:_r_ �
<br /> Security Instrument. Unless Borrower ond Lender agrce to other terms of pnymen�,these ameunts shull br:ar intercst from the I _
<br /> " • date of di:bursement at ttie Note rate and sholl be payable,wi�h intercst,upon notice from Lender to Bortower rcquesting � ;,��,._a -
<br /> • payment. f :`�•=j =�
<br /> 8. Mortgage lnsurenee. [f Lender required mortgage insurance ns u condition of ineking the loun secured by this � . "�:,�:�-�
<br /> Security Instrument. Borrower shnll pny the premiums reyuired ta mnintnin the mongage insuronce in effect. If,for eny ; _
<br /> . rcason. the mortgage insurance covernge rcquired by Len der Inpus or ceases to be in effect. Bomower shall pay the . .'.z:••��
<br /> ` premiums requircd to obtain covemge substontinlly equivaknt to the mongage insurance prcviously in effect. ut u cost k • .,�<_`T
<br /> substanUally equivalent to the cost to Borrower of the mongage insurnnce previously in effect, from nn altemute mongnge � • �.",_� .
<br /> • ' insuter npproved by Lendee. If substanti�lly equivnlent mortguge insurance coveragc is not available.Bortower shell pay to � • ���;
<br /> '•, • � �� l.ender each month a sum equal to one•twelfth of the yenrly mongnge iosurnnce premium being paid by Borrower when the � :.;�-_.,�,,,..,
<br /> insutance coveroge lApsed or ceased to be in effect. [.ender wi 11 accep[.use and atui�these paymenta us a lass reserve in lieu
<br /> . � of mortgage insurnnce. Loss reserve payments mny no longer be requircd,a[ �he aptian of Lendcr,if martgage insurnnce ; . M
<br /> � � . � coverage(in the amoune and for the penod that Lender rcquires)provided by en insurcr approved by Lender again becomes ' . ��:�:
<br /> available ond is obwined.Borrower shall pay�he prcmiums rcquircd to maintuin mortgage msurunce in effec�,or to provide a i
<br /> I loss reserve�unlil�he mquirement for mongage insuronce ends in accocdonce wi�h any written agrcement betwan Borrower
<br /> ---�' and Lender or applicobte law. �
<br /> 9. Inspectlon. l.ender or its agent muy make rensonuble enuies upon and inspections of�he Property. Lender shall ,
<br /> , give Borrower notice at the lime of or prior to un inspection specifying reaconnble cause for the inspection. .
<br /> 10. l:ondemnatlon. The proceeds of any awurd or claim for damages,dircct or consequentiul,in connectlon with uny ���
<br /> SlnQle Wmlly—F�pnie M�tJFreddk Mot UNIFQRM IN&TRUM6NT—Unifoim Covenanu 9l90 f/wR�j nf 6 paqtt) � \ �
<br /> � Cnri Lrtn BY�ws Fomr.lee■
<br /> � ' To pdr C�:1�lODb90WY3 O FA1(1167Yt•1191 ,. - �� r'. �
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