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<br /> . . � rioda�h�t Lender reyuires. Thc inxuran�e cw�rier proviJinQ tho insurance shall be cTioscn by Barrowar�ubject tu Lender x
<br /> �ov�1 which�twll na be wu+esisonAbly wi�hheld. If Borrower falls ta muintain caverage dcsc�ibed abave,l.cnder may,w !
<br /> �: , Lenderti optiai,ahuin covera�e to pmtect Leixler's riQhtR in Ihe Prnperty In s�ccotdance with parugruph 7.
<br />�' All inaurrnco policles and rcnewala aiwll be ncceptnble to Lender ad slull include a stendud morlgege clauce. Lender
<br /> shall have lhe dght lo huld thc poHcies�nJ rencwuls. If L.ender n�yuire�,Borrowcr xhall promptly givc to l.cnder ull rcceipts
<br /> of paid premiums wid tenewal naice�►. In�Jw event uf loss,Sarower�hall Qive prompt nutice to the insurw�ce ranier wnd
<br /> ;� L.ea�der. lxnder m�y make proof oi I�x if not mi►de pramptly by Bomower.
<br /> - Unless Lencfer ond Bcxmwer otF�ervvisr agreo in writing, lnsumnce praeeds tihall be appliecl to restoration or rcpai�of
<br /> — __ �he ��ty damAged.If the rcxtoration or rcp•rir ia econamically fcasfble and l.ender's cecuri�y iti n�K Ies.erKd. If thc �- -
<br /> -- restorat on ar repAir is not ecawmicelly ieasible or l.enderK seeurity wuuld be lexsened,�he insurance proceeds shall be
<br /> __ --_�.�� applied to the sums securcd by U�ix Security Ins�rument.whether ar nd then due, wiih ony excesc paid to Borruwer. !f
<br /> - Borrower ubarsbn�1he PropertY.ar does not w►awer wlthin 3�d�ys u nalce irom l.ender that �he insumnce carrier has
<br /> offered to cettle a claim,then L.ender mAy collect the incurunce praceed�, Lendrr moy use the praceedw to repair ar r+cstorc
<br /> a-�� the prnperty or ta pay sums r�ecured by thir Secutiry Insuument,whether ar not then due. 7'he 30�day period will beQin when
<br /> the�wtice is givcn.
<br /> ---- Unless L.ender and Bortower otherwire a$ree in wrlNng.any upplkalion of proceeds ta principal shull not catend or
<br /> ��� postpone�he due date of thc manthly p�ymenta�efcrned to in parugmphs I and 2 or change the amoum of the puyments. !f
<br /> ,�, under paragrnph 21 ttx PropenY is ncquhed by Lende�, [iomower± right to any insurance policies und proceeds rcsuUing
<br /> ���`� from damAge to the Property priar to the acquisiUon shall pass to Lender eo ihe extent of the sums secured by this Security
<br /> Inxhument immedi�tely pnor to the acquisition.
<br /> —__�- ___ _ 6, p�q�py�y� p�eservatlon. Molnteas�ace aad Prolectbn of the Property: Borrower's Loan AppUcntlon:
<br /> ,_�e� � l,eACebolds. Borrower xhall accupy.estoblish,und use the Property s�s Borroweric pr�ncipal residence within sixry days aftcr
<br /> a ` _ _. .�� the execution uf'tl►ia Securiry Instrument and chall eantinue to occupy ihc Propeny n�BorrowerS�prineipal residence far at �_
<br /> ��.::`=� lenst one yeru nfter the date af occupancy, unless Lender otherwise ugrees in writing. which consent shall nw be
<br /> ~ " unrca4onably withheld,or unless extenuating circumslances exis� which are beyond Borrower's control. Borrower shall not
<br /> � ��°� �� . destroy,damage or impair the Propcny.ullow the Property ta deteriorutc,or commit waste on the Propeny. Bomower sFwll
<br /> —-�:�._ ..
<br /> ���=� '�'� 6e in default if any forfeiture trclian or proceeding,whether cjvil or criminal,is begun that in l.ender's goad foi �u gment
<br /> :,�'t` r -:::�.
<br /> q_�,�_�� 4 r, could result in fo�feiture of the Property ar othenvire materially impair �he lien crcuted by this Secu�ty Insuumcnt or
<br /> .!�'.':�. ;,, Lender S secudty interest. Borrower may cure such a defuult nnd reinsta�e, us nrovided in purngrnph 1 ii,by cuusing the action _
<br /> ��`��- •. � or proceeding to be dismissed wilh u ruling�hut,in l,ender�gaod laith determination,pr+ecludes forfeiture of the Borrower§
<br /> �+���:#�� i�terest in the PrqxRy or other materisil impairment of the lien creaKd by this Security Inauument or Lender�security
<br /> "`t interest. Borrower shall also be in default !f Bormwer, during ihe loan applicnlion proce55. guve materially false or
<br /> — �� . inuccurete infom�ation or stutements to Lender(or failed to provide Lender with any material infortnation►in connect�on with
<br /> . :=�.+`� the Ioan evidenced by the Note, including,but not limited to, representu�fons concerning Etorrower's accupancy of the
<br /> Property ns a principal residence. If tbis Security Instn�ment is on a lensehold.Horrower�hull comply with all�he provisiona
<br /> ".'�` 4 of the leose. If Barrower ncywrcs tee ntle to the Propeny.�he ie�el�vid m�J ihe fa�ittle shat!ssoi merge unless l.endes ngrets
<br /> ...,'� . " ,� .
<br /> _ to Ihe merger in writing.
<br /> � :,s :.,�' 7, protecdon of I.ender's Rights in the Properly. Ii Borrower fuils to perform the covenants ond agreements
<br /> ___ � ,;,;'�d' � '' contt+ined in this Security Intiwment, or therc is a legal prceeeding U�at may significanUy uffect Lender's righ�s in the ���,..
<br /> `'�� ' Property(such as u prceeeding in banlwptcy,probate,for condemnAtion o�fort'eiture or to enforce laws or regulutions),then
<br /> — ;•�.� .;� ��� - L.ender may do and pay for whutever ix necessary to protect the value of Ihe Property and Lender's rights in the Properry. '�:
<br /> � � f Lender's actions mny include paying any sums secured by u lien which has priority over this Securiry Instrument,appeuring �;•
<br /> --_.� .�6.�-,. � in court,payinR�casonable attorneys'fees and entering on the Property to muke rep:tirs.Although Lender moy wke uction
<br /> ., � ����'�:�'• '::-',n�' , under this parngraph 7.Lender docs not have to do so.
<br /> :�.�, �f*�r+R -.-._,�•d«:- Any amounts disbuned by Lender under this paragruph 7 shnll become additionul debt of Borrower secured by this -
<br /> _., _;-�,;�� Securiry Insaument. Unles.Borrower und Lender ugree to other term,of payment,these nmounts shall be�u interest from the
<br /> -�. '�^_ • � date of disbursement at the Note rs�te pnd shall be payuble, with intereu, upon notice fiom Lender to Borrower rcquesting =
<br /> -_-- �, � puyment. �:=-
<br /> ':�'�� + �"°` y S. Mortgage lasurance. lf Lender requircd mortguge in�urance a.�u conditian of making the loan secured by this �,;,,
<br /> _- ���: ._ --
<br /> �r• ;, � Security Instmmen4 Borrower shu11 pay the premiums reyuired to m�intain the mortg�ge insurnnce in effect. If, for any
<br /> ��r� �'� .�,,,,.y reason, the mortguge insurunce coverege reyuired by Lender lupsex or ceaties to be in effec4 Borrower shall pay the
<br /> � • ,;,,�.;. premiums required eo obtuin coverage sub�ismlinlly equivulent to the mortguge insurance previously in effect,ot u cost
<br /> J���'`'� ,�'?' ' aubvwntially equivulent to the cost to Borrower of the mongage inwrrnce previously in effect.from un altemate mortguge m
<br /> ;�_ ��
<br />��� .�-•- .. . . r� incu�er upproved by Lender. if substantiaUy equivalent mortguge in�urance coverage is not uvailable,Bortower shnll pay to
<br /> , • Lender each monlh a sum eyuc+l�o one-�welfth uf thc yeurly mortgnge insurancc premium bcing paid by Borrower when the
<br /> `� ��•°• • insurance coverAge Is�psed or ceatied to be in effect. LenJer will uccept,uxc�nd retain these paymem,ati a loss re,erve in lieu _
<br /> ° '"��;'��'`�;%;, �„ of martgage insurance. Loss reserve paymentz muy no longer be rrquired.ut the option of Lender, if mongage insurance -
<br /> � tr. k"`'�' coverage(in the amount nnd for Ihe period ihnt Lender rcyuires) provided by un insurcr upproved by Lender ngain becomes
<br /> -- ��;:; .
<br /> _.,�: ��,. ,,,. , nvailable und is oMained.Borrower shnll puy�hc pncmiumx rcyuired to maim•rin mung.►�c insurrnce in effcct,or to provide a =
<br /> � loss reserve,until the rcquiremen�for mortgnge insurnnce ends in urcardunce wilh am•wri�ten agreement between Borrower �
<br />- -� i '"k . � � '.�, and Lender or applicable Inw. Ra''._
<br /> ___� �x.c• . - 9. Inspecdon. Lender or its agent muy make mutionuble cn�ric�up��n and in.rpections of ihe Property. Lender shall - _
<br />- give Borrower noticc ut the time of or prior to un intipecti�►n�peci t'ying rcu�onablr cuu,e for thr inspection.
<br />- 10. Conderonwl(on. The proceedx oT any awarJ or rluim ti,r dama�.c�.cliRrt��r cumeyuential,in ronnection wilh uny ��.• .
<br /> . Single FvnilY--Fanak 11�FYeddie�1uc f\Iil►R�t l`tiTRI�fEti'P•-lh�durm Coecnan�ti 9/90 i����:��J np+Xpsl �,;,;�.
<br />�'�� .^ tara I.akn Buslnn�Fq�r.Inc.� .
<br /> " �• ToQdrl;Ml 1�Y006.9�f39.10 PA1{BI&1Y41131
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