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<br /> -" perlads Ihet Lcnder requires. 71ic insurance carricr provfding Ihe insurance chall he choaen by Borrower subject to l.�nder�►
<br /> �----r_- _ -:----� nppn+vnl which�hnll not t+e un�rng�nhly wUhlurld. If R��m►wer failR to mwlntain coverage described abovo,L.endec m�y,at
<br /> ,--�:, L.ender�s aption,abtuin caverng�to pratat Lender's rights in the PropeAy in accordunce with paragruph 7. c
<br /> ' All insurunce polfcies and rcnewuls aholl he ucceptuble to l.ende�und�hull include a swnd�rd mongage clause. l.ender
<br /> ehall havc Ihe right to hold the palicic�ond renewals. If Lender requirca,Borrower shall pramptly aive to Lendcr all roceiplx
<br /> •'�,.►a�� of paid prcmiums ond renewul natices. In the event of loss,Borrawer snall�{ive promp!notico to the inYUrance cwrrier�nd ^
<br /> _ Lander. Ler�r mwy muke proof of loss U ow made promptly by Borrower. �
<br /> • Unless Lender und Boirowcr atherwise ugnee in w�ting.insuronce pracceda shall be upplied to cestor�uion or repair of
<br /> , the Property damaged, if the rcstoration or nepui� is ecanomicully feasible and LenderK secu�ity is ncri lessencd. If the
<br /> . restoration or ropair is not econamically feusible or Lender's security would be lessened,the lnsurance procads shall be
<br /> - �p¢l3tt! !o!he�tsm� seclsset! by i!�!� �`!'u!�ty lnat��tnrnt. wixtlu�r �r nr+t�Iwe d�K, with Hny rzcexa paid ta Aomnwe�. lf
<br /> �x'�;;�".�� Burrower abandons the Property. ar daw nat unswer within 30 duys u notice from L,ender thAt the inaurance carrier has
<br /> — y offercd w setUe u cluim.then Lender muy colle�;t the ingurance proceeds. Lender may use the proceeds to rcpair or Ratoro _
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<br /> �'� the Propeny or to puy sums secured by�his Secudty In�trnment,whether ar not then due. Thc 30-day pe�Iod will begin when
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<br /> = 1he oatice ix given.
<br /> � ;i,,�+��.��i�'� Unlesx Lender And Bormwer othenvise ugrec in wridng,any applicutiun of proceeds to principal shall not extend or
<br /> --�-`� postpon��he due date af the manthly puyments rcferned tu in psuugrophs I and 2 or change the amount of 1he payments. !f
<br /> —�� under parugtaph 21 the Rvperty ie acyulred by I,ender, Bamower:s right to uny insurance policies and proceeds resultfng
<br /> from dnmoge�o ihe Proptrty prior to the ucquisilion shull puss to Lender to the extcnt of the aums secured by Ihis Securiry
<br /> _.�,� v�.�r Ins�trument immedia[cly prior to thc acquisidon.
<br />-- _ �� ; 6. Orcupaacy� Preservation, Malntenance and Protcepon ot the Prope�ty; Borrower'x I.00n Applkadoa; _ _
<br />_ ' I.easeholde. Borrower shull accupy,establish,ond use the Praperty a.s Borrower's princip�l residence within sixry daya after
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<br /> ' F�r � the eaecution of[his Secudry lnscrument and shall continue to occupy the Property as Borrowere pdncipal residence for at
<br /> ." �'`�"'�'�''`"�'' leas� one year after the date af accupancy, unless Lender otherwise ag�ees in writing. which consent ahull not be
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<br /> , .a�� ,.�..:-;.��� unreasonably wfthheid,or unless exlenuating clrcumstances exiat which we beyond Borrower's control. Bomower ahall not
<br /> destroy.damuge or impuir the ProExrty,allow the Property to deteriorate,or cammit waste on the Ptoperty. Romower shall
<br /> . :�:�.,�� 6e in default if uny forieiture uction ar proceeding,whether civil or criminul,ia begun that in Lender�good fei�h judgment
<br /> , '` cauld result in farfeilure of the Propeny or othervvise marerially impair the lien created by this Security Instrument or
<br />. . .�,.,;�,,,;�;;;�:;?! . � � Lender's secu�ity intercst. Borrower maycure such a default and remstate,as provided in purugrAph 18.by causing the action
<br /> ;` ,�; . •� or ptaceeding to be dismissed with a ruling that,in LenderR gaod fuith determinntion,precludes forfeiture of the Borrower's —
<br />_,` �,:._ , �; ', interrst in the Property or other mate�lal impuirtnent of the Itcn created by this Security lnswment or Lender's security
<br />._`� . _ interest. Borrawer shull ulso be in default if Barrower, during thc kwn applicntion proceas, gave materially fulsc or
<br /> ._ ,,; ' - inaccun+te informution or statements to L.ender(or fniled to provide l.ender with any malerial informatton)in coru�ection with
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<br /> the faAn evidenced by �he h3ae. inciuding, but nw iimitai tu, tc��ear0ltlifuii5 i0iiG8iiifii� I;Gfl'JWCt�S OCCiI�1i1C}i 6f iliC
<br /> . ,, ,, •• Property as u pri�cipal residence. If thi4 Security Instrument is on n leasehold,Borrower ahull comply with all the pmvisions
<br /> � - a- of the lease. If Bomower ocquircs fee tide to the Property,the leasehold und the fee title shall not merge unless Lender agrecs
<br /> � . to the merger in writing.
<br /> 7. ProtecHon ot I.ender's Rights In the Property. If Borrower fuils to pert'orm the covenunts and agreements
<br /> �_ '° � � wntained in this Security In4wment, or there Ix u legul proceeding thot may significnntly uffect I.ender's rights in the
<br />- . • ;?:n' ' , F Property(such as u proceedinF in bankruptcy,probs►te,for condemnution or fort'eiture or to enforce luws or regulaGons),then
<br /> �`' L.ender mny do ond pay for whutever is necessary�o protect the value of the Property and Lender's rights in the Rvperty.
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<br /> � . Lender's uctions may include paying uny sums secured by u lien which hac priority over this Security Instniment,appeuring �__.."
<br /> �- • , ..;�;. � in court.paying reasonable uttomeys'fees and entering on the Propeny ro make repairs. Although Lender may take action ---�
<br /> ` �"•��. .. R,n�a•: under this pw�groph 7,Lender dces not have to do so.
<br /> �,. ; �:�_�� • My amounts disbursed by Lcnder under Ihis psuagrnph 7 sh�ll become additional debt of Borrower secured by this
<br /> ;y...:.::_:-: Sec:uriry instrument. Unlesa Borruwer suKl Lendrr agn�e lo uQirr lni m,uf puyu►eul.Q�eae a�nuuul+�I�all brw iut�ttst fro�u the __
<br /> a „ b:.�. �' date of disbursemcnt ut the Note rate und �hall 6e payuble,with interctit,upon noticc from Lender to Borrower requesting �
<br /> l•. � payment. ix%=
<br /> �'• '�e� � � 8. Mortgage Insurunee. If Lender rcyuireJ mongage insuranee ati a condition of muking the loan secured by this
<br /> �� . � , ;�,�>��" Security Instrument. Borrower shull pay the premiumx requircd to maintain thc mortguge insurnnce in effect. If, for any
<br /> • � �.� reuson, the mongage inxurunce coverage required by I.ender lupses or ceu.ties �o be in effect, Borrower shall puy the
<br /> d ° :` premiums required to obtuin coverage subs�antiully eyuivalent to Ihe mortguge insurunce previously in effect, at u cost —.
<br /> � � substantfully cyuivnlent to the cost to Borcower of the mongage insurance previously in�ffec�,from un ullemate mortguge
<br /> �.- insurer upproved by Lender. If.r•ubstarniol ly eyuivulent mortguge insurunce coveruge is not uvuilable,Borrower shall pay to __
<br /> =,;,;,., _ Lender each monlh u sum equul to onc-twelfth of the ycurly mortgnge insuruncc premium bring paid by Bortowcr when the
<br /> -`�=�• • insuronce covers� e la sed or ceused�o be i n eFfect. Lender will acce t use und retain these u ments as u loss reserve in lieu
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<br /> � ,�� of mortgage insumnce. Loss rexerve payrnenu muy no IonFer be required,ut the option of Lender, if modgs�ge insurance --__.
<br /> " ; �„�.°,�, _. coveroge(in the umount und for the period thut Lender reyuires►provided by un intiurer approved by Lender ugain becomes --__
<br /> � � ;�;,;;� , uvailuble und is obtained.Borrower+hull pay the premium+rcyuired to maintain mungugc inwrurnr in effecl,or to provide u �
<br /> ':}`. .,.. loss reserve,until the reyuirement for mortgage intiurnnce ends in ucconfunce with uny wriuen ugmement be[ween Borrower �-��
<br /> - � �, , und Lender or applicnble law. �
<br /> � � 9. Inspecllon. Lender or ils ugent muy mnkc reusunublc cntrie� u�Cm and ins�xctinm of Ihr Properly. Lender shull �......�
<br />�� ^ give Bormwer nolice at the time of or prior to un inspertian�pccifying reUtionublc rause fur thr impertion. �
<br /> + � 10. Condemnatlon. The praceedti of any award or cl•rim fur damugr�.Jirrct��r rnmcyuential,in connection with any
<br /> � " , Slnplc Fumily--Finak Mae/Ml�eddle Mwc UNIFI)NM INS"CNUMI6M1T--Unitorm Covrnan�� 9/90 (p�¢e.f�Je/r�.�esl � . ,
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