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<br /> -� - - - � 92— �osie� �_
<br /> � - periods that I,ender requircs. The inaur�nca cnrrier praviding the insurance shall6e eho.gen by Borrawer eubject to Le�der'n
<br /> upprova!whtch�hull nat be unteasonably withheld. If Borrower faiis to maintain caverage de4cribed above, Lendet mny,at
<br /> Lenderk optian,obuiin coverage to protect Lende�'s�iQhte in Ihe Property in accordance wlth paregraph 7.
<br /> ' All lnaurance palicies und renewAle ahall be ncceptable lo Lender and shall includa a atandard moRgage clwue�e, Lcnder
<br /> ---'�— sh�ll have Ihe right to hold ihe policics and nenCwulA. !f l.ender requires.Barrower shall promptly give to L.ender all receipts
<br /> �.,;�t of paid premiums and renawal notices. In the event of lowa,BoRawer xhull give prompt notice to the insurunce currier and
<br /> - • Lcnder. l.ender m4y meke pmof of loae if nat made promp[ly by Bortower.
<br /> -" � Unless I.ender and Borrawer othcrwiso ugrce in wdting,insurance proceeds ahall be applied to restorntion ar rcpuir oP
<br /> fi, thop�op�ny d�naged, ii the restoration or �epair is ccanuinicvlly fcutiible and Lender's secudry ls not Icssened. If the �-
<br /> nstorotian or rcpair is not economicully feosible or L.enderR security would be les�ened, the insurnnce praceedK shnll be
<br /> ---- applied to the sums secured by this Secudty Instniment, whether or not then due, wi�h eny excess paid ro Borrower. If
<br /> — Borrower abandons the Property,or docs not answer within 30 days a nadce fram Lender that the ineurance c�trier has
<br /> — i-;�; offered to settle u claim,then Lender may collect the inaurance proceeds. Lender muy use the proceeds to repair ar restore
<br /> � the Property or to pay sums setured by�his Security insltument.whether or not then due. The 30�day period will begin when
<br /> � the notice is given.
<br /> -- � ��p��'"T"`°�'�' Unless Londer and Borrower otherwise agree in writing, any applicatlon of proceeds to princlpal shall not eatend or --
<br /> --"---- postpone the due date of the monthly puyments�eferred ta in parugraphs I and 2 or chenge the amount of the payments. If
<br /> 'Y'�'}����I under paragraph 21 the Propecty ls acquired by Lender,Borrower's nght to any insuronce policies and proceeds resulting
<br /> , from damuge to the Property prior to the acquisition shell pass to L.ender to the extent of the eums secured by this Secu�iry
<br /> ���-,����'��� Instrument immediately prior to the acquisition.
<br /> --`�"'� 6. Occupancy, Pre4ervadon, Malntennnce and Protecfton of the P�aperty; Borrower's LoAn AppNcadoa; �;!
<br /> l.easebolda. �armwer shuU accupy.establiah,end use the Property as Borrower'�princlpal residence within sixty days after
<br /> �=�±���� the execudon of this Security Instrument and shall continue to acupy the Property a4 Borrower'.g principel rexldence for at �`'
<br /> �--°-���t«�:,;::'�;�_,' —. �
<br /> � least one year after the date of cecupancy, unlesa Lender otherwise agrees in writing, which consent shall nat be -
<br /> "'�'���",`�'�4„t-�-"'.'� :°°�i� unreasonably wlthheld,or unless eatenuat3ng circumslances exist which a�e beyond Borzower's control. Borrower shc�ll not ���
<br /> ='�'�i• �.:� � • destroy,damage or impair the Property,allow Ihc PropeAy to deteriorate,ar commit waste on the Property. Borrower shall
<br /> "`� � be in default if any forfeiture aetion or proceeding.whether civil ar criminal, is begun Ihat in Lender's gaod fuith judgment ���
<br /> __� : .. could result in forfeiture of the Property or otherwise matedally impair the lien created by this Security Instrument or
<br /> � ���f�+ i�. i,enderk securiry interest. Borrower may cure such a default nnd reins�ate,as provided in parugraph 18,by causing the action
<br /> -'=�y ���.�.;���+�,��::�, or praceeding to be dismissed with a ruflng thnt,in Lender's good failh determmation,precludes forfeiture of the Borrower's ---
<br /> �•••• ��;;�,a„��„� • interest ln the PropeRy or other material impairment of the lien creeted by this Secu�ity Instrument or Lender's secudry
<br /> ?..`� '"t''`�"'�� ' interest. Borrower shall olso be in default if Borrower. during the loan application process, gave materially false or �.._
<br /> ,.:"— ��� � inaccurate information or statemenGg to Lender(or fuiled to provide Lender with any material information)in connecdon wlth --
<br /> �„ ,.......�.:. ---
<br /> „�� ;: � " ; � the loan evidenced by the Note, including. but not limited to,representations conceming 8orrower's accupancy of the
<br /> _ ' '. . Property os a principal residence. If this Security Inawment is on u leasehold,Borrower shnll comply with aU the provisions —
<br /> 1=�_-? ', � �___ of the lease. !f Bfltrot!�tr acguires ftt title to the Praperiy,ihe leaeeheld and the fPr.tide ahall not merge unles.e Lencier agree.v __,
<br /> ��L ��� r �� to the merger in writing.
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<br />,,;��... � 7. Protection oP Lender's Rights in the Property. lf Borrower fuils to perform the covenams und agreetnents
<br />_ �:. d " contained in this Secur�ty Instrument, or there i� a legal proceeding that may significantly uffect Lender's rigtNs in the
<br /> ,�.; Property(such as n proceeding in bonkruptcy,prubate,for condemnation or forfeiture or to enforce luws or regulations).then
<br /> Lender muy do und pay for whulever is necessury to protect the value of the Property and Lender's rfghts in the Propeny.
<br /> � •�'.• " ' I.enderk actiong mny include puying any sums secured by u lien which hus priority over this Security Instrument,nppeuring —
<br /> `:a � ""'fi" in court. paying reasonable nttorneys'fees und entering on the Properry to make repairs. Although Lender muy take action
<br /> ` ?�!'`� under this paragrnph 7,Lender daes not huve to do so. —
<br /> � U � Any umoonts dixbursed by Lender under this parngrnph 7 shnll become�dditional debt of Borrower secured by this �_Y
<br /> '�`' ' "" '* Secudty Instrument. Unless Borrower und Lender agree to aher tcrms of puyment,�hese amounts shull bear interest from the
<br /> � "'''�" - - date of disbursement pl the Note rate and shull lx puyable,with interest,upon notice from Lender to Borrower requesting —
<br /> y .__ '.. •.` ; puyment. �
<br /> i�;�;; �''•?� �; 8. MoMgage insurance. Tf Lender required mongagc insumnce ag u condilion of mnking 1hc loan secur+ed by this
<br /> "� "`'"` � ' �'' Security Instrument, Borrower shall pay the premiums reyuired to maintnin thc mortguge insurnnce in effect. If,for uny -
<br /> , :i ;�;my�a �, . _
<br /> � �� , , � reason, the mortguge insurance covarage required by Lender lupxes or censes to be in effect, Borrower sholl puy the —__
<br /> +"�`��' �� premiums required to obtuin coveruge substamiully eyuivalent to the mortgage insurance previously fn effecl, at u cost
<br />- ' .�Yr4;�...._ K. j � .
<br /> .��� �� aubstantiully equivnlent ta Ihe cost to Borrower of the mortgasc insurunce previously in effect,from un ulternate mortguge ----
<br /> • '�. . .:�';���;`. insur+er ppproved by Lender. If substnntially eyuivalent mongage insurunce coverage is not uvailnNle,Bonower shall pay to
<br />- • ' Lender euch month a sum equal to onc-twelfth af the yearly moitgs�ge insurnnce premium being paid by Borrower when the —
<br />' �_ , �•�--• � insurance coveroge lupsed or censed to be in effect. Lender will nccepl,uxe:md retuin these puymerns as n loss reserve in lieu _
<br /> • ,C;'-:'. � 5. —.__
<br /> :;..,j.q,.�..�, -• of mortgpge insurance. Loss reserve puymentx may no longer be reyuircd,nt the option of Lender,if mortgage insurance �_�
<br /> � coverage(in the umount und for the period thnt Lender requires)provided by un in�urer upproveJ by Lender again becomes ---
<br /> � ��.r� �, . ; ` avuilable w�d is obtuined.Borrower shull pay thc p��miums reyuircd to maintvin mortgage imurunce in effect,or to provide a --
<br /> , ` loss reserve,unlil the reyuirement for mongage insurunce ends in uccordunce with uny written agreement between Borrower
<br /> �. '��� nnd Lender or upplicnhle lnw. ��'.^
<br /> � . 9. Inspection. Lender or its�gent muy muke reosonable entriex up�n� and inxpection,of the Propeny. I.ender shAU
<br /> 'iMc' give Borrower notice at 1he timc of or prior to un inspection tiperifying rcuxonablc ruu.c ti►r thr inxpection. --
<br /> � � �"' 10. CondemnAtlon. The prcxeedti of':my uwurd or claim fnr damage,,Jircct or ronseyuential,in cunnection with uny �-""
<br /> . .4 " Singlc Fwnily•-Foonlc Mae/I1�cddk Moc UNIF1)R�1 INtiTRUMkN7'--l�nitum�Cuvcnunt. 9/9D �puxe 9�Jn ryixi's� �n. ,
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<br /> -� - �i. r�`^-•--.—'•..- �_•- GrealldeeHUelnna FAas.In[a �:�• ..
<br /> , ' To O�Wr Call NOG670WY3 O FAX YI&701•1131 �_�.
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