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<br /> ---_--- � periodi that L.endcr requircx. 7bc insutw�co catrfer pravidfn�the inxurancc ahull ho cha��Bartnwcr subJect ta l.enderb
<br /> approval which rhnll not be unrousoiwbly wi�hheld. If Harrawar iails to mwintpin covc�age dexcribed wbove,t.�oder may,�t
<br /> LmderY�optiou,otuain coverage ta pracet Lender a�righta in the Propeny in uccordwice with paropr�ph 7.
<br /> ' �• � • • All insurunce policies w�d renewnlR Khall he ncceptable to Lender und xhall include u atonda�d mungase ci+�u�e. 4enJer
<br /> '"' shall have the right to hold the policies and renewulw. If Lenclur rcyuircs,Borrower xhull pmmpNy give to I..endar all rcceipts _
<br /> of paid prcmiums and renewal nwicea. In�he event of lo�s. 8orrower xhnll�{ive prompt ndice w the in�urance carrler�a�d
<br /> Lender. Lender muy m:ike�m�+f of lavs if not mude promp�ly by Borrowcr. _
<br /> r�• Unless Lender end Borrower othenvir�e ugrce in writing,inxu�nce pra:eedK shvll t�e upplied to rcatoraUon ar Rpair of
<br /> the Propeny damaged, if the reslomtion or repair is economically feswfble ond l.ender R secudty le nat levaened. If Ihe
<br /> restotutian or tepuir is aat economicully feasible ar l.ender K securily would he leaxened.�he insurnnce proceedx »hull bo
<br /> �-a applied to the sums securcd by this Secudty Instrument,whelher ar not then due, wfth any excass paid ta 8orrower. If
<br /> _ �'`:;>:�?�� 1
<br /> -- ,-.� r `x� � Borrower abandona the Property,ar dces not unswer within 30 duy�+ a natice from L.cnder that the ins�urancc currier as
<br /> �;:�:' °
<br /> ����_ offercA to rxttle a clAlm,then Lender muy collect the inxurunce pracecds. Lender mAy use Ihe proceeds to repa r ar restone
<br /> � -•„� the PirapcAy or to pay sums xaured by ihi�Secudty Ingtniment,whether ar not then due. The 30�day ne�ial will begin when _
<br /> the notice is given.
<br /> �_�' Unless Lender and Borrower otherwise agres in wri�ing,uny upplku�ion of procce�s ta principal ahall not extend or
<br /> ����._.:.�.�• .
<br /> _ —;,;���� postpone ihe due dntc of the monthly paymenta referred ro in parugrnphs I and 2 or change the amuunt of the payments. I
<br /> i�"�°' under parograph 21 the Property is ucquimd by Lender, Borrower's�ight to uny fnsurunce policfes and praceeds rcxulting
<br /> �������-''°.� from damage to the Property prior ta the ucquisi�ion sholl pa.cs to Lendcr�o the extent of tMe sums xecurcd by this Sxudty
<br /> �t.� . Inotrument immediately prior to the acquisi�ion.
<br /> �:-=�'�:-; 's�,�;;;� 6. Occupw�cy, Preservatlon. MAintenpnce and Protection of the Property; Borrower'e Loan Appllcation; `
<br /> . :�}7'"•-�� ;�1'a"."�'?:, I.ewseholde. Borrower sha0 occupy.eatabliRh.und uu:the Pruperty as Iiarcowcr's principal residence within sia�y days after
<br /> , . ;�-� .�•"" I the execution of this Secu�ty[natn�ment and ahail continue m occupy the Property a.s Barrowerk principal residence for nt
<br /> . l�;e�"+'.` � least one year after ti�e dute of accupnncy, unless Lender othenvir,e agrees in writing, which conxent shall oot be
<br /> • • � unreasonably withheld. or unle4s extenuating circumstances exist which arc 6cyond Borro�ver s control. Borrower xhell not �
<br />�' �.,;. •r�:: .;,: -� destroy.demage or impair[he Praperty,allow�he PropertY to deteriorute,or commi[ wnste on the Propeny. Borrower shnll
<br /> �. ° � " �� be in default if any fort'eiture action or praeeding,whedier civil or criminal,is begun that in Lenderk good faith judgment
<br /> •• • :' ,: . could result in forf'eiture of the Propeny or othenviise materially impair thc lien created by �his Security Instrument or —..
<br /> ' . � - '° Lender's securiry interest. Borrower mny cure such a default und reinstate,ns provlded in paragraph 18,by causing the action _
<br />. . a•.:�•�' •� or proceeding to be dismisscd with a ruling thut,in Lender'�good fnith determination,precludes forfeiture of the Borrower's
<br /> a . ' � interest in the Property or ather maceria! impuirtnent of the lien creuted by this Security InstNment or Lender's security
<br /> ' • interest. Borrower shull also be in defuult if Borrower, during the loun applicatian proceas, gave materlally fulse or _
<br /> '• '" " inaccurate infarmution or statementa to Lender(or failed to provide I,ender wi�h any materiAl informution)in connection with
<br /> N�� —:� ,�� �he loan evidenced bv the Note, including, but not limi�ed to, representatians conceming Barower's occupancy ot the
<br /> ' ' '� Property ns a principal residence. If this Security[nstrument is on u teasehold,Bortower�hall comply with aii ihC pruvi�iu��s
<br /> �%" of the lease. If Borrower acquires fec�ide�o the Property,the Icasehold und thc fee title shall not mergc unless Lender ugrees
<br /> • . to the merger in writing.
<br /> .. 7. Protection of Lender's Righta in the Property. If BoRnwer fails to perform the covenants und ugreements
<br /> ' � � contained in this Security Inqtrument,or there is u legal proceeding that mny sigm�camly uffect Lender'.s rights in the
<br /> s�: , f�;; , Property(such as u proceeding in bunkruptcy,probute,for condemna�ion ar forfeiture or to enforce lawx or regulutionx).then
<br /> • Lender muy do and pay for whatever is necexsary to protect the vulue of the Property und Lender's righ�s in the Pmpetty. _
<br /> �=���!s�� , Lender g actionc mey include paying nny sums secured by a lien which hue priority over this Security Instrument,oppesuing
<br /> n,�° • in caurt,paying rensonable atorneys'fees und entaring on the Propeny to muke repuirs. Although Lender may take action �••-
<br /> .. '' � I under thia parograph 7.l.ender doe�na have to da so. _
<br /> � r t Any utnounts disbursed by Lender under ihis purugruph 7 shnll become udditional debt of Borrower secured by this
<br /> �'°•�' _, , . Security Instrumem. Unless Borruwer und l.ender ugree ro other�crms of puyment,these umounts shall bear interest from the —
<br /> • date of disbursement ut Ihe Note ratc und xhull be�puyablc, with interest,upon notice from Lender to Borruwer reyuesting —.
<br /> '�.,. "� �� payment. —_
<br /> '"" � -'r � " $. Mortgage InRUrance. If Lcnder reyuired mongugc insurur+ce ax u condition of mnking the loan secured by this ��;
<br /> �. �=.' " � Security Instn�ment,Borrower shell pay the premiums reyuired to muintuin the mongage insurance in effect. If,for any —'
<br /> ,, • reasun, the mort�uge insurunce coveruge reyuired by Lender lupses or ceuscs to l►e in effect, Aorrower shnll puy the —
<br /> ` � • �• premiums requfred lo obtain coveruge subxtuntiully cyuivulent to the mortguge inxurance previously in effect, nt u co�t
<br /> • � subsluntiully equivnlent to the cost to Bortower of the mungagr insurwue previ��usly in �ffcct.(rorn un alternate moRguge �,,
<br /> ' insurer upproved by Lender. (f substantially eyuivulenl mortguge in.ursirkc roveragc ix not available.Borrower shall puy to �"'
<br /> �;, . �„�; � Lender each manth u�um eyual to one-twelfth��f the ycurly monFuge insurnnce premium being paid by Borrower when the
<br /> " �� insumnce coverage lapsed arceused[o bc in effcct. LenJcr will uccept,use and re�uin these puymrnts n�u loxs rexerve in lieu
<br /> .. ' •� • of mortgage insurw�ce. Loss reserve puyments nwy no longcr bc reyuired,ut the option of Lender,if mortguge insurAnce
<br /> •• , .,. ., coveruge lin the amount und for ih�: period that Lender nyuires)provicled by un inxurcr i�ppmved by Lendcr aguin becomes _
<br /> t ` uvniluble und is obtuined.Borrower shull p•ry the premium�rcyuircd to muintuin monguge insurance in eff'ect,or to provide a ---
<br /> • , �Y=�.� � � bss rcserve,until the reyuirement for mongage insurunce enJx in uccordunce with uny wriuen agreement belween Borrower
<br /> and Lender or opplicable law.
<br /> ��''°'" - '`" 9. Inspectlon. Lcnder or ils agcnt may mukc rcusonuble cmrir,upun unJ in.�xctiuu� uf Ihc Propcny. Lcndcr shall ' ,
<br /> � ' � give Borrawer notice at�hr timc uf ur prior io un ins�ctinn��xciFyin�reusonablc cuuse iiir Ihe insper�ion. i�
<br /> , „ . • 10. Condemnation. 'll�c pnxccJti uf uny;�warJ or rlaim tor Jum:�gc+,dircct ur rumcyucnliul.in connection with uny E�
<br /> . �' . . Singlr F�mily•-bi�nnle N1�e/Fteddk�1qc UNIFOR1f INti'1'NU�'IF:�'1'..Unuomi c'arenum. 9/90 rpdxe?„fn p,�kcsl �.�•
<br /> . orx wn Buww�e Fam�.�n�■
<br /> � to UrdR�aM� IdOP33O93i3 0 PAX 61&791•1131
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