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<br /> _ , pedods that Lender requlnea. 'I1u insuranco cerrfer providMg the insuronce shall be choxen by Bonower subJect to Lender�i
<br /> - =- --- sp�roval wfiich shalt not be unressonably withheld. If Barcower fuilR to m�intain covernge described abovo.L.ender may.at .
<br /> — i,etuter's option.obtain coverage to prw�x:l l.e��der's righta in the!'roperty in accordnt�ce with paragraph 7.
<br /> � All Insurs►nce policiex and renewals ahall be ucreptable to Lender and shnll include a titundard martgoge clause. Lender
<br /> � ' ahnll have the�ight to hd��ho poNcies and rcnewals. If Lender requirec.Borrower ahall promptly give to L.eader all receipta
<br /> ::.��'�3�'�.'.� of paid premiums and rcnewal naicea. In tho event o f loss. Borrower 4 h a l l�fve promp t n w ice ta t he i nr u r a n c e c a r r fer and
<br /> °,y, - L,onder. Lender may make proof of losa if nac mude promptly by Ourrower.
<br /> .Unlesa L.cnder and Bornawer othcrwisc agrce in wridng,insurwice pracecds shall be�pplied to rcstoratfon or repeir of
<br /> . [he Propeny damaged. if the res�orulion ar repair is economkally feasiblt und Lender s security is nat lessened. If the
<br /> _ restoratian or repair is not economically fensible or Lender's secu�ity would be Icssened, the insurance proceeds shall be
<br /> --� ����:4r��;;;i;�r� applied to the xums�ewr�l by Ihis Secur�ty Instrument,wh�thcr or not then due,wi�h eny excesc puid to Borrower. If
<br /> _ �;�;yR�_.�,,�y Borrower nbandons the Praperty,or does not onswer wl�hin 30 daya n notice from I.ender that the incurance carrier hac
<br /> �r�.�__ offered to settle a cluim,then I_ender muy collect the insumnce proceeda. Lender may use the proceeds to repair ar�estore
<br /> -- � the P�speRy or to pay sums sccu�cd by this Security Instrument,whether ar not then due. The 30-day period will begin when
<br /> �;�� thc natice ia given.
<br /> ��.�:,i��� Unless Lender c�nd Bonower�therwise ogree in wrking,any application of proceeds to principul shall not extend or
<br />��:����z� postpone the due date of the monlhly paymenta refe�red to in parogrephs 1 and 2 or change the amount of the payments. If
<br /> �`�4'� undat paragrnph 21 the Property is ucquired by Lender,Borrower�s right to any insurance policies und proceeds resulting
<br /> --- from damage to Ihe Prapetty pria to the acquisition shall pass to Lender to the extent of the sums securcd by this Security
<br /> -°°a��*�=�� inawment immedietely prior to the ucquisitlon.
<br /> - '"""""'"��'w 6. Occupancy, Preservation. Malntenpnce And Protectbn of 1he Proper[y; Borrower's Loan AppUcAHon;
<br /> � ,-�,� �,�:.
<br /> �• • I.easeholda Borrower shall occupy.establish.nnd use the Propeny as Bortower's principal residence within sixty deys after
<br /> `""�{;�:•� '�...: the execution of this 5ecuri Insuument nnd shall continue to occu the Pro rt as Borrower's rinci al residence for at
<br /> ��.. .,;..._ �• ry PY Pe Y P P
<br /> �. " . least one year after the dute of occupancy, unless Lender othenvi�se agrees in wri�ing, which consent shall not be
<br /> - �"`l� �'=�-• � ' unteasonably withheld,or unless extenuating circumstances exigt which are beyond Borrower§conunl. Borrower shell not
<br /> �'`'�='� ; ~�� destroy,diunege or impair the Property,nllow the Propeey to deteriorAte.or commit waste on the PropeRy. Dorrower shall
<br /> ' • :�,;�,,�: ' be in default if eny forfciture uction or proceeding,whether civil or criminal,is begun that in Lender's goad faith judgment
<br />_ ; ; ,7b.:�: cauld result in farfeiture of the Property or otherwise muteriully impair the lien creuted by this Security Instrument or
<br /> „r. �. Lenderk security interest. Borrower may cure auch u default and neinstute,as provided in paragraph 18.by ceusing the aodon
<br /> _ . �,�,,;��_.�; , :``, •. or proceeding to be dismissed with a ruling that,in Lender e ga�d fai�h determinption,precludes forFeiwre of thc Bormwer's
<br /> � ;;; • .�,,, a�; inteneat in the Property o�ather mutedul impuirn�ei�t of ihe lien created by this Security Instrument or Lender's security _
<br />-;�"'. ��:`�'�••-�% ";° interest. Borrower shall ulso be in default if Barrower, during the loan npplicntion process, gave materially false or
<br />- •����q: ..- inaccurute infonnation or s�atements ro Lender(or failed to provide Lender with uny material information)in connection with
<br /> `-;,s�i�� .�-.���'....
<br />� - .-- .-r��,.:�_-----=� ihe loan eviciencai by ii�C yutr,ln.:luding. but not limitcd to, rcpresentasions conccrning BorroeYer's flccupancy of tht
<br /> " � ,,u..�:.. P►npeny as a principal rcsidence.If this Security Instrument is on u lensehold,Borrower shull comply with all the provisions
<br /> "'�"- �`" '"""'`' of the lease. (f Borrower acquires fee title�a the Property,the leusehold nnd the fee title shall not merge unless Lender agrees
<br /> •- _: , to the merger in writing.
<br /> � �, � � � 7. Protectbn ot I.epder's Rights in Ihe Property. If Bo�rower fuils to perfortn the covenurits und agreements
<br />� � ��$1.. � contu�ned i� this Security Instrument, or there is u legal proceedfng that may signi�cantly uifert Lender's rights in the
<br /> • : ��. �,. ;+. Propeny(such us u proceeding in bnnkruptcy,probate,for condemnation or forFeiture or to enforce laws or mgulations),then
<br />' � �`�' I.ender mny do and pay for whatever is necessnry to prolect�he value of the Property and Lender'.s rights in the Propeny.
<br /> ....�„
<br /> • '" ' Lender�uctions mu include a in nn tiums secured b a lien which hus riorit over this Securit Instrument,u nrin
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<br /> , � �.,... in coun,paying reasonable uttomeyx'fee4 and enterins on the Property to make repni�s.Although Lender mny mke action
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<br /> ' , .:,.�_ . : .. , :: under this pruugraph 7,Lender das not have to do so.
<br /> ��, ' '� My amounts disbursed by Lcnder under thiti purugrnph 7 shall becomc ndditionul debt of Borrower secured by this
<br /> �• "*� �I '�� Security Inswmcnt. Unleti.r•Borrower and Lender ogree to other tertns of paymcnt,these nmounts shaU beur interc�t froii�the -
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<br /> .�.. dute of disburaement ut thc Note rate and shall be puyuble. with interest,upnn nutice from Lender to Borrower requesting
<br /> •�•� . • payment.
<br /> �/ .r;,r. . ' R. Mortgage Insurance. If Lender reyuircd mortguge insurunce u� u c�ndition oP mc�king the law�+ecured by this
<br /> / , .„ ,;� Securiry Instrument, Borrower shnll puy the premiums required to muintain ihe mortguge insurance in effect. Tf, fo�any
<br /> I; ` • . reason, the mortgugc insurunce covernge required by Lendcr lapses or ccuses Iu be in effect, Borrower shnll pay the
<br /> • � �� � premiums reyuired to obtuin coverage substuntiully cyuiv�lent to thc monguge inaurAnce previously in effect, ut u cost
<br /> :�""'':'.'�" subsu+ntiully equivalent to the cosl to Bortower ot'�he monguge in�urunce prcviouzly in effect,from un Alternate mortguge
<br /> � insurer approved 6y Lender. lf substantially eyuivulent monguge insuruncc coverngc iz not uvail•rble,Borrower shall pay to
<br /> ;�' : ''._ ��.• Lender each month o sum equul�o onc-twelf�h of the ycarly mortgoge insuruncc prcmium being puid by Borrower when the
<br /> r.i�� insurpnce coverage lapsed or ceurx�i to be in effect. Lender will accept,use und retuin thrtie puyments as u loss reserve in lieu
<br /> of mortguge insurunce. Loss reservc puymcnts muy no longcr br reyuimd, ut the option of Lender, if mortgage insurunce
<br /> , ' :�� • „ coverage(in the umount and for ihe period thnt LcnJer mquirex)provided by un insurcr npproved by Lender ugain 6ecomes
<br /> �,�,:,, • ovailable und is obtuined.Borrower shull pay 1he premiumv rcyuired to maintain morlgage insurunce in etfect,or to provide u
<br /> loss reserve,until the reyuircment for mortguge inxurunce endx in uccordancc with uny written ugrcement between Bormwer
<br /> , , und Lender ur upplicuble luw.
<br /> ; � � , ; -:. 9. Inspection. Lcnder or its agent may mrkr rruwnublc cntries up��n und insprctions of thc!'roperty. Lender shnll _
<br /> give Borrower notice at thr time of ur prior w an ins�xction,pecit;ving rra�onable cau�c tbr thc impertion.
<br /> " � 10. Condemnntion. The proceedx uf any awurd urrl.�im f��r�l;�mc��e+,Jircci or c<mticyucmial,in rnnnecti�m with imy ,
<br /> � SinglcF�mily••tannMMpciFhddkNacUNIF1IRMIN�fRl;41liN7'--UndorniCovenunl, 9�90 �/wrX�•?��/n�i�rsl
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