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<br /> -`'� perloda tiwt Lendcr rcyuirc�. Ttie fnsuranca carier providing the insuconce shAll be chc�sen by Bartower subJect to Lendet's
<br /> ' approval which cfwll aat bc unrcosonably wlthheld. If Borrower fails�o mafntain cuverugc descr�bed above,L.endcr may,u
<br /> Lrnder�optfon,obtain wvernge lo protect Lenderh rights in the�rty in accordanco wi�h paragraph 7.
<br /> All insurance policfes and rcnewals�hall be acaptablo to I..e r and shall include a standard morigage clauce. Lender
<br /> - - � ahall have the dght to hold the palicies and renewals. if L.cndcr roquires,Borrower sholl pramptly give to Lender all receips
<br /> '��.� �� of pafd premiuma wid rencwul notices. In thc evcnt of lass, 8orrawer shull�ive prompt naicc ta the incurance carcler and
<br /> `;-� Leader. Lemler may make proof of loss it not mwk promptly by Borrower. �
<br /> Unless Lender and Borrower otherwise ugrec in wrlting.insurnnce Qraceeds ahdl be applied to restoratio�or�pair of
<br />_. ihe �Ry damaged. if ihe restarAtio�or repai�ix economicully feaa�bla unJ I...endere u:curiry ib nut Icsscncd. !f the
<br /> restorat on or repair is not economically fessible or Lende��s Recurfty would be lessened,�he insurance proceeds sholl be
<br /> ,�.�,.,.,�,.� applied w the sums secured by�his Security Instrument.whether ar not then due.with any excess paid to Borrower. If
<br /> - - Borrower abandons the Property,or does not unswer within 30 days u notice from L.ender that the in�urance carrler has
<br /> offec+ed w senle u claim,then Lender moy collect the insurance proceedg. Lender rnoy use the proccedc to r�pair or rcsta�e
<br /> tl�c Prapetty or to puy suma securcd by this Se�:u�ity In�uument,whether or not then due. The 30-day periad will begin when
<br /> _ _� _ ____ the notice is gtven.
<br /> _— --- Unless Lender and Borrower othenvise agree in wridng,any applicution of proceeds to principal aholl �wt extend or
<br /> postpone thc due date of ehe monthly payments referred to in paragrapha 1 ond 2 os change the amount of the paymenls. If
<br /> ��'� under paragroph 21 the Property is acquired by Lender, Borrowerk right to any inwrnnce policles nnd proceeds rcsuldng
<br /> �,,�;;�_� from damage to the Property prlor to the acquiaition ahall pass to Lender to Ihe eatent of thc sums secu�ed by this Secudty
<br /> Inetrument immediately prior to the acquisition.
<br /> - 6. Occup�acy, PreservAtion, Mointenonce and Protectbn ot the Property; Borrower's Loan Application;
<br /> I.easeholds. Borrower shall occupy,establish.and use the Property ns Borrower�s principal residence wlthin sixty dt+ys aNer
<br /> �-'�-'�''--' ,-�- the execution of this Sceurity lnstrument and shall continue to occupy the Property as Borrower's principal r+esidence far at _
<br /> �;���',;Y;,";,:��;.�• leust ane year nfter the date of occupancy. unless Lender othenviise agrees in writing. which consent shall not be
<br /> a����,fµ�9�,r,��;.�, '� unrcasonabiy wittiheW,or unless extenuating ci�umstunces exist which ure beyond Borrower's control. Borrower ahall not
<br /> destroy,damage or Impuir the Property,allow the Property to deteriornte.or commit waste on the Propeny. Borrower shell
<br /> --—"�i``'"'�"":`"'". ' - be in defuult if any forfeiture acdon or proceeding,whether civil or criminal,ia begun that in Lender's good faith judgment
<br /> �s°'►��k
<br /> .�..;'..�'-•'`�'•-..„� could result in forfeiture of the Propeny or otherwise matedally impair the lien created by this Securiry lnstrument or
<br /> ;;�� �' . • Lendera security interest. Borrower may cure such a default s►nd r+einstate.as provided in parugraph 18,by causing the action _
<br /> �� ,,�►�.•a.a+•. or proceeding tu be di�misuxl wiUi u ruling that,in Lender's good fuilh determinution,pcecludes forfeiture of the Borrowa's __
<br /> '`�'�`s,."",',"... ." interest in the Property or other material impairment of the lien created by this Security Instrument or l.ender's security -
<br /> .. �,...�., . �.
<br /> � s�=��-�'c'� � �µ-� interest. Somower shell silso be in default if Bomower, during the loan applicution process, gave matcrially false or
<br /> _ ..;a`'��,,:�.«+'�• ,�;'
<br /> ,��„ inaccurate informution or stetements to Lender(or failed to provide L.ende�with any material information)In connection with
<br /> '.:t�.-•:..;_•.: . the loan evldenced by the Note, including. but not limited to, ►epresentations concerning Bortower's occupency oi the
<br /> Property as a principal rcsidenee. If this Security Instrument is on a leasehold.Borcower shull comply with all the provisians
<br /> — _-.=,:_��:+�-- ::�.,,' of Ihe lease. if Bor�ower sa:yuiic�s tix ijtie to ihe i-'roperty.thc ka�choid:u�ci►hc fcc tiAe�1�E!e3irt nxrge unless Lcnticr agr�.� -
<br /> � •"�,•cr. � .• to the merger in writing.
<br /> _ ����' � ' ' 7. ProteeHan of Lender's Rights in the Property. If BoROwer fails to perform the covenants and agreements _
<br /> �,.,.�� ' - contnined in this Security Inswment. or �hare is a legal praceeding that may significantly affect l.ender's rights in �he
<br /> :;,;;..;: . " Property(such as a pr�xeeding in bankruptcy.probu�e.for condemnution or forfein�re or to enforce laws or regulatiana),then
<br /> •.''�:�-- l.c:nder muy do�nd p�y for whstever is necessary to protect the vulue of the Property and Lender�rights in �he Property.
<br /> � � Lender's actions may include paying any sums secured by n lien which has prioriry over this Security lnsuumenti appearing
<br /> �� '`'�" �I f'•�z^''� ''� in court,paying reasonuble uttomeys'fees und entcring on the Property to make repairx.Although Lender may take acdon
<br /> -` `� under this pamgrnph 7.Lender dces not have to do so.
<br /> tf..:o �� ;'..�
<br /> ` .�.;� ..w. My amounts disbuned by Lender under this puragruph 7 shull become udditionnl debt of Borrower secured by this
<br /> -- :,:;..._.�,,, �•=��i: Security Instrument. Unless Borrower und Lender agree ro c�ther tertns of payment, these s►mounGc shall bear interest from�he
<br /> _ ��°° date of disburscment at the No[e rute und shall be payuble, with imercst,upon notice from Lender to Borrower reyuasting -
<br /> ���'
<br />_�_ ,- �. ��, payment.
<br />= �y,,.,..,;,:'.. . . 8. Mortgage Insurance. If Lender reyuired mortgage insurnnce u.�n condiiion of muking the loan secured by this
<br /> �� •y�c.�,� . .., Security Instrument, Borrower tihull puy the premiums requ�red to maintuin the mortgage insurnnce in effect. If, for uny
<br /> °`�- •`•���••� . «•� • reuson, the mortgage insumnce coverage reyuircd by Lender lupses or ceuxes to be in effect, Borrower shall pay the
<br /> � ,. '"�' premiums required to obtuin covetu�e substnntiully eyuivnlent to the mort�oge insurnnce previously in effect, at a cost
<br /> ,�� substantially equivalent to the cost to Borruwer of the martgage insurance previously in effec�,from an niternate mortgage
<br /> - ��"' �` ` '�`' � insurer npproved by Lender. lf subxlantially equivulent mortguge insurnnce coveruge is not avuilable,Borrower shall puy to
<br /> ��=��.::�^._.:_ Lender each month a sum equul to one-twelfth of the yearly mortguge insuronce premium being paid by Borrower when�he
<br />_� �°' insurunce coverage lupsed or ceused tu be in effect. l.ender will uccept,utie and retuin thesc puyments ns a loss reserve in lieu
<br /> - '_�t°�� , * of mortguge insuronce. Loss reserve payment� mAy no longer be required,nt the option of l.e,nder,if mortgage insurance
<br /> � •'`:``"��"�•-� •'�. covernge(in the amoun�nnd for the peri«i that l.cndcr reyuires)provided by un insurer s�ppruved by Lender again becomes
<br /> -�a-�i �`��'` uvuiluble und is obtained.BoROwer xhull pay thr pr�miums required to muintnin mcinguge insurance in effect,or to provide u =
<br /> _ ��. � loss reserve,un�il the requirement for mortgoge inxurnnce endx in accordance with :uiy written agreement 6etween Borrower -
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<br /> ,. , • . und Lender or npplicable luw. (
<br /> -- • � � 9. Inspection. Lender or its•rgent muy muke reu�onuble entriea upun unJ imprctions of the Piroperty. Lendcr shnll
<br /> ��' i ,, give Borrower notice a�the time of or prior to un inspertion rperifying rcusonuhle cau.e for thr in.Fx ctiun.
<br />_ ° ` � 10. Condemnation. The proceeds of�ny award or claim tiir Jumuge+,dirert ix cunseyuential,in connectinn with any _
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<br />°;'.5;. . Singlc Famlly--Fw�pk Moe/Pteddk M�c UNIFIIRM INtiTRI�MENT•-Umfurm Covcnuni� 9/90 prux�•.���(n�Rex�
<br /> '.,i�'�.'..�.e,.�__._. t:rcN UiRa Busloean F'as.Inr ■ �.
<br />.. � -`.�.. _-^. - To IMder l:M:I�lOOb300.999 O FAE tllBdYl•II:11 �
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