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<br /> �—--=��=T�°� periada thut Lcnder rcyuire�. The fnsurancc currler providing tho inauranca xhall be chosen by Barrowcr ssubjcct to Lxnder�
<br /> -- -���_+=� upproval wMch�hall na►t bc unreusonably withheld. If Borrower fails to maintwin covetage described ubovo.Lender nwy.w
<br /> � Lenderl�option,abtaln coverage to protect Lender's right�in�he Property b accordunce wlth para�raph 7.
<br /> *��`� All insurance policieg ur�d renewalx shall be acceptoble�o Lender and alwll include u titandor+d mangage clau�e. Lender
<br /> '� uhall huve the right tohold Ihe policies unJ renewolx. li'l.ender requires,Borrower shall promp�ly give ta l.ende�ull receipts
<br /> -� t.. �� ui paid premiumy und renewal noticex. In the event of loti�,Borrower shall give prompt notice to the insurance cwrrier�nd
<br /> '� " ' (,eader. Le�er muy make proof oi loss if vat mad�pmmpdy by Borrawer.
<br /> .�. ;;,. _ Unlexs Lcndcr ond Borrawer��thenvise agree in wnting,insurance procceds shull be applied to restaation or rcpair of `
<br /> L ��,+� thePropeAy dumAged, if thr rc+wrutiun ur rcp•rir ia econamtcaQy feasible nnd I.enderk r,ecuri�y is� nd lessened. If the
<br /> .�. restoration or repair is nat ecawmically fea4ible or Lencler's secudty wauld be lessened,�he insu►cu�ce proceeds shall be
<br /> •+ ;��:• nE►plied to Ihe sum+secured by�his Security Instrument, whether or not then due. with any excess paid to 8ormwer. If
<br /> ir=��'�:� Bomower ubandons Ibc Property.or dce4 not answcr within 30 dayw a natice from I.cnder thAi the insurnncc carrfer has
<br /> ����`i',�
<br /> �s���.�1�r � ofPered to setde a clufm,then Lender may collect the iosurance p�t�ceeds. Lender muy dce Ihe prcxeeda ta rcpai�or restore
<br /> � �;�,� � the Propeny or to puy sums�crurcd by this Sccurity Instrurnent.whether or not then due. The 30-duy period will begin when
<br /> •��.>..'�:"�•'�� the notice is given.
<br /> .�".'.,t:�n.'•c, -•
<br /> �,,. t:�,�' Unless Lender und Borrower otherwise ugrce in writing, uny applicatian of proceeds to principal +hnll not exten or
<br /> �'� �'�^'''^ �: �t e the due date of the monthly puymems referted to in pumgmphs I und 2 or change Ihe umoum of the payments. If
<br /> •,.�,�r.•.ar.r�;.� o �' �
<br /> �.,,; � �•'�' ;,_ under paragrnph 21 �he Property is acyuired by Lender,Bormwer's right to nny insumnce policies und proceeds resulting
<br /> �_.,;;�..r,.:��;;,�;;,, from danage to ihe Piroperty priar to the acquis�tion st�all pass to Lender tu the extent of the sums securcd by this Security
<br /> �� 5 Instrument immediately p�ior ro the acquisitian. �
<br /> 1°�'^��.:� 6, Occupancy, PreservAtlon, Maintenance aad Protecdon of Ihe Property; Borrower s Loan AppBcation;
<br /> ":�'^ '�' >; Leaseholda Borrower shall occupy.estublish,und use the Property ns Borrowerg principsil residence within sixty daya after
<br /> � - - �"��-` . the execwion of this Security Inswment und shull continue�o accupy the Prnperty as Bonower�s principal residence for at `
<br /> -��- °����"' ' leact one year nfter che date of occupuncy, unless Lender otherwise ngrees in wrning, which cw�eent shall not be
<br /> � -`=h .���1-�--'�� s unreasonubly withheld.or unles�extenuating circumstances exist which ure beyand Bortower's conual. Borrower shall�ot
<br /> � '' �� destroy,damage or impair the Property,ullow the Property la deteriornte,ar commit waste on�he Property. Borrower shall
<br /> ��',� � ,�,,:�.;.. be in default if any forfeitune action or proceeding,wheiher civil or criminal, is begun�hut in Lender's good faith judgment
<br /> ��� could result in forfeiture of the Property or otherwitie muterially impnir the lien created by this Security Inspument or
<br /> :,. .
<br /> :1 F,�� L.ender's security inter+ex�. Barrowe�may cure such u deFuul�and remstate,ar+provided in part►graph 18,by cauxing the action
<br /> :� `" "''"'''�"' ` or proceeding to be dismissed with a ruling that,in l.ender�s goocl faith determinetion,precludes forfeiture of the Borrower's
<br /> -�� . interest in the Pro�xxrcy a' other material impairment of the lien crcated by this Security I�strument or Lender's securiry
<br /> --��'° � �t�•�1 interest. Borrower shull alsa be in default if Borrower, during the loan �pplication process, gave mater�ally false oc
<br /> ;����• ;' ` , inaccurnte informntion or ruatemen�.s to I.ender(or falled to provide Lender with+u�y materiul information)in connect�on with
<br /> the loan evidenced by the Note, including, but not Bmited to, representations conceming Burrower's occupancy of tha
<br /> �,� ��� :_M, �,'•. property as u principal rewidence. If this Security Instrument is on a leucchold, Barrower shall comply wl�h all the provisions
<br /> _ . -- = of ii�e leu,e. 1f iiarrowcr acyuir�s fee title to the Pm�rny, �he�eaReho�d und the fee tide shall not merge unlaw Lender aw+eec
<br />- . • �o the mergcr in writing.
<br /> ' 7. Protection oP Lender's Rights in the Property. If Borrower fails to perform the covenants and ugroemenls
<br /> •' cantuined in this Security Instrument, cx there is u kgal proceeding thut mAy significuntly aifect l.ender's rights in the —
<br /> • . Property(such uc u proceeding in bunkruptcy,pmbate,for condemnulion or forfeiture or to enfarce luws or regulaUons),then
<br /> •• ' Lender mny do and puy for whmever is necessary to pmtect the vnlue of the Property and Lender's rights in the Property•
<br /> s :•, ,. � Lcnder's actions mpy include paying uny�ums tiecured by u lien which hAS priority over this Security Instrument,appearing
<br /> ,' r . ; . in court,paying rensonable ut�ameyx'fees and entering on the Property to ms�ke repairs. Although Lender may take actian
<br /> � under this purngruph 7.Lender does not huve to do xo.
<br /> � �'� � Any amauntx disbursed by Lender under this paru�ruph 7 shull become additional debt of Borrower secured by ihis
<br />_ _���"�' • �, � Security Instrument. Unletis Bormwer and Lcnder ugree to other termx of paymen4 Ihese amounls xhull beur interest from the
<br /> � • �� � date oP disbursement ut�he Note r�tc und shall be puyable,with intcre�t,upon notice from Lender to Horrower requesting
<br /> ;.s .- a .•�.•�.....: . _ puyment.
<br /> 8. Mortgage lnsurance. If Lender reyuired mortguge in,urAncr as u condition of makinF the loan secured by this
<br /> .. ,.�,�,,,.______ _ Securitv Instrument, Barrower shull pay the premiums reyuired to muintain the mongage insurance in effect. If,for any
<br /> ' . rea.eon, the mortgagc insurance cuverage rcyu�rcd i�y Lendcr iup+e+ .�r cca�cs to he in effect, Borro�ver shn!! pay the �_ -
<br /> • � . , prcmiumx required to obtuin covcruge substantiully cyuivulent to the mortgugc insur.�nce previously in effect, at A cost
<br /> -�� " i substantiully equivalent to the cost to Borrawer of�he mortgage insurance previously in effect,from an alternute mortga�e
<br /> _ . ° ' ° ,,; insurer approved by Lendcr. lf substumiully cyuivalent mongugc insurance covcrugc is not uvuilable.Barrower yhall puy to
<br /> Lender each month u aum eyua��o onc-twelflh of thc yearly mortgagc imurunce premium being paiJ by Borrower when the
<br /> „ � " i insurunc�rnveruge lupsed�r ccu}ed to t►c in effert. LenJcr will urcept.u.e and retain thcsc paymemx•rs a I��ss reserve in lieu —__
<br /> i of mongage in.r•urunce. Loss re+erve paymenis muy nn longcr lx rcquirod,ut thc uption of Lender, if mongage insurunce
<br /> ; coverage(in the umount and for ihe period thut Lender r�yuirexl providrd by an insurcr approved by Lender ugain 6econies �==
<br />' ' - � avuiluble and is obtained.Borrowcr xhall puy thc prrmiums rcyuired to muintum mortgage insurance in effect,or to provide n
<br /> . " • loss reserve,until the reyuirement tor nwrtguge inxurunce ends in ucci�nlunce with uny wriacn:+greement hetween Burrower �
<br /> �
<br /> und Lender or•rpplia�ble luw.
<br /> � 9. Inspectiun. Lender or it,ugcnt muy make mutianubk rntric�u�m and in.�xctiom uf thr Property. Lender shall
<br />. � give Borcower notice at�hc�inu af ur prior��,un in.�xciiun.�xcifyinp nu,onuhle rau��tix Ihr imExcliun. �
<br /> � , 10. Condemnation. Thc prcxrrJ,uf any awarJ or claim t'ur dam:i�r.. dirrcl ui cun,ryucntial,in ronnecticm with smy
<br /> � tiin�lc Famll�•-Fnnnlc Nac�F'reddlc�1ur t'VIM'uN�1 1\ti'I'Rl'�IE1'I..Und�nm c'���rn,un. Y190 �p,�¢�d u)o��xeu f
<br /> � iirat Inttx&ulnrw famr.lce ■ '
<br /> To�hNrt�all NI06S1�&993�VAE 91&791•1171 �.
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