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<br /> periods ai�tc t,.ender�oquka. 'li�e�x cur�ar providing t�insura�e stu�n ve.ctiusai by Ba�w�r subjea W t.mdar?s - ,
<br /> � � , appoval wbich s1�U nat be measoeaWy v�cit6htld. tf Elartower fa�ls to n�ainnin covera�e descri'bed above,t.ender may;at �
<br /> , �.enderS�optian.obqie covasge w protaK Lender's rigMs in tde Pbpetcy in accoNance witb pWag�pb 7. �
<br /> �Sii in;um�noe Polic�cs and neoewais sl�all be scceptable to Iside��nd sl�all include a sta�dud matgage c)wse. I�ndsr .
<br /> m�
<br /> shal!6ave the�ht to ddd the polic�s md:a�w�als. If I eader nequires.Bo�nwer slfall P�RtY Sive co l.eader ai!naipts .
<br /> . 4f[�P���nd tenewal notices. In ti�e evast of loss.8orrowa shall give prompE tiotia to t6e insur�nce curier and
<br /> ' l�ender. I.�nder�nay m�5ce poof of tass if noCmade pro�ptty by BomuwGr. .. , .
<br /> UOtCSt�.Q�CC sIl{�BORDWEf O1�1C1W1SC.p$IC[IA WlIhO$.incttni�c�w�ap(]g�1 bC s'I�IGd IO ICSTdfif1011 OC IC[!��OF
<br /> ` -the pra�erEy dama�d,if.tbe�sstoration c�r�.is�nicalIy feasi3te and Lender's security is nat fes�rie�.� If tf�e ; -
<br /> ' restoratiait or tepait is not ecanomically feasibie or i,.ender's sec�ity wwld be tesset�ed,t6e iasuratrce p�oatds sha11 be •
<br /> appl'xd m tt��ans socaied 6y tlris Security tnstiument,whetlKr or na theu d�e.with any excess paid to'Boemwer. ,If
<br /> � Bor�ower a6�ando�u the Pmpe�ty.or daes na answer within 30 days a naice frum T.ender that the insurarke carriar Gas
<br /> • o�'ened w settle a,ctaim.tha�l.ender may coltect the insuranre ptoceWs. I.ender may use the p�voeeds to iep�ir ar�e
<br /> . t6c Ptopecty or to pay sumc sxaurd 6y tlus Savrity Instiianent.wbatxr or not thrn du� 7I�e 3Q-dsty periad wi(i begm whert
<br /> �he notia is given. -
<br /> Unkss Lrnder and SoROwer other�iise agra ia writing,auy application of procads to principal sh�l!rat exta�d as
<br /> pos�an�the due date of thc monthlY P�Y�ts nfemed w in pazagiaplss I and 2 or change tbe ammmt of the payments. if ..
<br /> undec paEagtaph 21 the Property is acquired by Lender,Bo�rower§right to any ittsutance policies and pcoCads re.witing
<br /> from dam�Ige w ihe Ptq�eety prior ta the acqnisition shall pa�s to.Lender to t6e exte�t of the suass soeaned by this S4cwit'y
<br /> lnsdnima►t immediatety priar to die xquisidcrn. - � � , . '
<br /> f�. Ooc�p�c� �. Maietaance and Pratection at the PropeRy; Bat+u�re's E�AppRcatiow; �
<br /> - [.es�elaWs. Bormwer shall occupy.astablish.aad use the Prape�ty as Borrower�principat c�ddeace�:s�tY dsYs aftes
<br /> ' � the e�a of this Security lasuumeiit and shai!condnue to occuPY��nY as Barra�vess piincipaf c�esidence farat .
<br /> '- least aoe year aftec the ct�ta of occupancy. uniess Lender otherwise ag�ees in wrids�..'c�aich codsea; sfiatt na.be:'. .
<br /> �m�sona6lY withluid,c,r unless eatenuuing cimumsta�ces eaist whic6 are beyond Bomowec�cbnuo7: �u+�rer sbaII�ioit�'"
<br /> desmuy,clamag�or impair the .allow the to deteriorate.or commit waste on the ��Bormwer shaTt ''
<br /> ��-.
<br /> . ����:.�b�in defauit if a�}�farf�eiuue act�ya proceoding.�yr civl or ctiminal,is begtm that in iender's goal faith judgment
<br /> - - � .:• could s�esult in forfei�ue of the Property or othecwise materially impair the lien created.h?ztis Secutiry Insuumene ut . `,
<br /> '- ` Lender's seeurity intensi. Borrower may cui+e such a default and reinstate.as provided in para:�.:.�h IS.by causing the xtiaa ;.:
<br /> - � - ar pt+aoe�ing to be dismisse�with s niling tl�at.in be�xkr�-good faith determmatioa.p�eciu�s�fafeituce of the Basnwec s;>._. .
<br /> - interest in the Pmperty or ottrer material imp�imeedt of the lien created by this Security Ictstrument or Lender's secudty"
<br /> = • interest. Bomnwer shal! aiso 6e ir� defauit if Ba�oWter. during the loan applicatian process. gave materially false or
<br /> - inaccurate informa6on or statemcnts to Lender(ot faited to pmvide Lender with any materias informatinn}in connqction witb
<br />?~ :' the loan eyidenced hy the Note, inciuding,but not limited ta, �sentations conceming BorrowerS occupatxy of the
<br /> __� - Pt+npec�-•as a principal residence. If�e:s Secutiry Instrument is on a leatehold.Bairower shali compty with all the provisions
<br /> ''}- of thr l�easo. !f Burrower aequires fa:�?e to the Property.the leasehold and the fee title shalE not merge unless I.ender agnes
<br />:-.�:. to the merger in wriung. � �.. `"
<br /> 7. Prottction of 1,eadq�'s RigLts in the Praperty. If Borrower fails ta Qerfortn the covenan�s and agreements
<br /> - contained in this Securiiy Insq�smen�ot therc is a legal proceeding that may sig�ificantly affect Lender's rights in the
<br /> `�� �. Propesy(such as a praceeding in banktuptcy.ptobate.for condemnation or forfeiture or to enforce laws or regutations).then
<br /> Lender may do and pay for whatever is necess�ry to protect the value of the Property and l.ender�rights in the Ptoperty.
<br /> � Lender's actions may include paying any sums secured hy a lien which has priarity over this Security lastrumenb appearing —
<br /> � in court.paying reasonable attomeys'fees and entering on the Property ta make repairs.Allhough i.ender may take actiort =
<br /> , under this paragraph 7.Lender does not have to do so.
<br /> Any amounts disbur.seA by Lender under this pazagraph 7 shatl hecome additional debt of Borrawer secured by this `�
<br /> eA
<br /> - - , Security Instnunent. Untess Bortower aod Lender agree to other tenns of payment.these amounts shail bear interest fram the �,'
<br /> - date of disbursement at the Note rate and shall be payable,with interes�,upon notice from l.ender ta Bo�rower reqnesting ----
<br />_= paY��- ��
<br />- - . S. Mortgage Insurnnce. If`E.ender reyuired mortgage insc,rac�ce as a canditian of making the loan secumd by this �•_:
<br /> Securiry instrumen� Horrawer shall pay the Qremiucros required to maintai��:�mortgage insarance in effect. If,far Any ;;�_
<br /> ; ; �, '� reasan. the mongage insurance coverage requirz�by l.ender lapses or cea.�-�+ ta be in effect. Banower sh�ll pay the -_
<br /> - • premi::�as required to obtain coverage substantiaily equivalenl to thr mortgage imurance pceviausly in effect,at a cost
<br /> `' su6s7arecia�ly equivalent to the cast ta 8oaower of the mortgagc insurance previausly in effect,from an altemate mortgage -,
<br /> `'' , insurer�roved by Lender. li substAntial{y e�{uivalent mangage in�urancc cover:�gc is not available.Borrawer shall p�y to __ _
<br /> ' Lender cach month a sum cqual to one-twel[th as�hc yeacly mortgags in�uran�:aremium being paid by Borrowcr when the -
<br /> _ � insurance coverage lapsed or ceased ta be in effect. Lender will accept,use arul r:;<ain these p�yments as a tass reserve in lieu ''^�
<br /> • �'- ' ' of mortgage insurance. Loss reservc paymcnts may no langcr bc�cquired.�.c�±:nption of Lender.if inest�age insurance
<br /> coverage(in the amount and for the periad�hat l.ander require�t{�;ovided h}att insurcr approved by l.ender Again beco�nes
<br /> availabk and js obtained.Horrower�.�all p�.►y Ihe premiums rc�yuin�fi;o mait:[a`z martgage in�utance in effcct.ar to provid�:a
<br /> loss re�:�•e.until the reyuirement fv-mortgagc incurance ends i.^.r�:�ordartce ui,b any writt�n agrecmcnt bet��een Bcrnst�t-r -
<br /> � , and t,ender ot applica6Ee taw.
<br /> 9 Inspectio�t. fu�tdet or its agent may mukc rca�unaMc cntries upon and inspectiuns of thc('roperty. l.ender'shafl .
<br /> `' �, give Borrower natice Gz tfie tiat..of ar prior to an impection�perit"ying reasanabte cause for tt,e in�ectiem. • —
<br /> 10 E.'ondemnation. The pccx�sd+of any award ur claim for damages,dircct or concc.4:cntfial,in ronnectip»with:sny �
<br /> Singir P.r.;.�;3--tannie�fae/Fnddir:1fac C�IfOR�t I�tiTItI;StE�iT--t'r.:��.:;�Co�cnanh 9;90 Ipa.tr±�J/i p�qe�►
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