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<br /> ._.� _•.____ -_. � RE-RE _ _
<br /> -� - , . 92- ��3� 92- 1049��
<br /> pedoda lhat Lender rcquires. Il�c In.ruronce corrier providing�he inaur�nco ehall be chotien by Bomnwer eubject to Lencler5�
<br /> ----- -- � Q��OVA1 WhICh ihAll flIN bC UIIt�CU50flObly WlfhtlCld. �t tsrnmwcr iair: w n�ui��aaiu..u.,:r.,gt W.,.:�i`.�w:�b�..".3.CR�Ci'lt2�.�� -_--
<br /> _ ' Lender s aption,obtain coverage to protect Lender's dghts in Ihe Propc:ny in accardiu�ce with paragraph 7.
<br /> _ All insurunce policies and renewnla eha116e acceptable to Lender and shall include u standurd mortgugc cluusc. Lendcr
<br /> shWl have the rlght to hold 1he pollcies�nd renewuls. If Lender requi�es.Borrower shall promptly givc to Lender all�ecei�x
<br /> °�=�--_-_�____ _ —� • of puid premlumw and renewal nalces. In the event of loss,Bonower shell give prompt notice to the i�xurunce currier und
<br /> t;,� � I.ender. Lender may moke proof oF loss if not made promptly by Bomower. ¢
<br /> Unless Lender und 8orrowerotherwise agree in wdting,insurance praceeds shnll be applied ta reaturntic►n or repuir of
<br /> �� tlx PropeAy damuged. if Ihe re.rlorAlion or repuir ia economically feasibk �nd Lender!s �ecurity ia nat lexuned. If�he
<br /> '�..._��;_� restoretk�n or rcpair is not economically feusible or Lender's secrrity would be lessened. the insumnce prucecdw shall fx
<br /> .,����� applied to the sums secured by Ihis Security Instrument.whe¢her or not then due,w�th nny excess paid u� 6orrowc�. if
<br /> � _=-_-�-_ - Horrower nbundons the Property,or dces not answer within 30 dayg a no�ice from l.ender thut the in�urunce curcler huti
<br /> �n��;�;;;_�;� offered to settle u clnim,then Lender may collect the insurance proceeds. Lender may use Ihe proceeda to repn3r ar rer:tor+e
<br /> ---------_-- the Pmperty or to puy sums securid by thia Secu�iry Inatrument,whether or no��hen due. T'ne 3Q-day period will begin when =-
<br /> _��._.iF:;��� the notice is given.
<br /> ��"'�T��� Unless Lender and Borrower otherwise ngme in wrfting, Any upplicaUon of proceeds to principul shall not extend or
<br /> �� postponc the due date af the momhly payments refemed to in purogrupha 1 und 2 or chunge thc nmount of the puymenls. If
<br /> - —..� under parugruph 21 the Property fs ucyuired by Lender, Borrower's right �o any insurunce policies and proceeds regulting
<br /> from damage ta the Property prior to the acquiaition shall pass to Lender to the extent of the sums xecured by�his Security
<br /> ��.��.� inetrument immediately prior ta t4e acquisition. -�-�_
<br /> ° __�-=-�= 6. Occup�ncy, PrrserveQon. Mwlntenance and Protectbn of the Property; Borrowe�'s Loan Applicetlon; �-
<br /> — . �:r.�:�:�=,..�.+�•'' I.ensseholds. Botrower shnll occupy.e4tablish,und use the Pmpeny us Borrower:s principal residence�.vithin tiixty days After ..�.
<br /> —�,�W�,t,� the exuution of this Security Inslrvment and xhell c�ntinue to cxcupy the Property as Borrowerk principal residence for ut `
<br />- �T least one year afler the date o( occupancy, unless I.cnder otherwise agreet in writing, which consent shull not be ��
<br /> � '�4r,�'`;��.� �•;;t�,��. ��'� unreasonably withheld,or unless extenuating circumstonee�exist wh ich are beyond Barmwer's contml. Borrower shall nat
<br /> -- ��.:. ,�„..�,:���;:i'�. ' destroy,damage or impuir the Property,allow the Property to detedarute,ar commit wsute an the Propeny. Bomnwer shnll ��
<br /> '"'�'"''°< ^, be in default if uny forfeiture uction or praceeding,whether civil ar criminal, is 6e�un that ln Lender's good fuilh judgment �j-
<br /> - . a :..•.';: •;;i!!,
<br /> -_:� •,�•°� �+s,;.::.
<br /> could result in forFeiture of the Pcoperly or atherwise muteriAlly irnpair the lien crented by this 5ecurity Instrunient ar
<br /> .�� .. Lender's security interest. Borrower may cure such u default and reinstate,ae provided in puragraph 18,by cuuxing�he actlon
<br /> �� � �. �f��,� � or proceeding to be dismissed wilh u ruling thut,in Lender�c good fai[h detcrminntion,precludes forfeiture af�he Borrower's• �.-
<br /> �-_w�." , � � � � - interest fn the Property or other materinl impnirtnent of the lien creuted by Ihis Secunty Instrument or Lender's security _
<br /> � '� �• .�-:,° �? ` � interest. Borrower shall nlso be in defuult if Borrower, during the loan upplication procews, gnve materinlly folre or �-
<br /> �� �- .
<br /> 'J�.�' inuccumte informn�ion or statements to Lender(or fuiled to provide Lender wi[h uny muterinl informution)in cannection with
<br /> �_�`�!`�'`_`��""~'"'' the loan evidenced by �he Note, including, but not limiled to,reprexenta�ions conceming Horrower's cecupancy oi the _
<br /> "' � '� ",, ,;;,�„ � Property a�u pr�nripal residence. If this Security Instrument is on u Icnsehold.Borcower shall comply with all�he provizions �
<br />- ' � " '� of the leuse. !f Borrawer sscyuires fee�itlr.�o the Pmpeqy.�he leaschold und the fee tltle�hall not merge unles5 Lende�u�rees �`"
<br />—_ , , `o'rn`�rc'`yY�`._.-"•. �.,�.,.A r ..
<br /> � tothe merger in writing.
<br />'=��' ' �� .i " 7. Protection of Lende�'e Rights in the Properly. If Norrower fails to perform �hc covenuntx und ugi�eements �:y
<br /> "` '' ,`.k.� • contained in this Security Instrument, ar there ix u legnl proceeding thut muy significunQy uffect Lender's rights in the
<br /> �- '� � :••.v • Property(such us n praeeding in bunkruptcy,proba�e,for condemnat ian nr forfeiture ur to enforce laws or regulations),then �='
<br /> - - �;.: : •-- Lender may do and puy for whaever is necessury to prolecl the vulue of Ihe Propeny and Lender's righls in the Propeny. __-
<br /> • , ' - _ .. Lender's actions mny include puying uny zums secured by u lien which bu�priority over lhis Security Instrument.uppeuring
<br /> • � in coun,puying reaconuble atton�eyx'feex und entering on the Property to mnkc repvin.Allhough 4ender muy tuke action �
<br />_ ; �.�;,,w���;u��� 1'� under this puragrnph 7.Lender dae�not hnve to dc�so. �_.
<br />�"� �• =--�-e�-�=•�•��^�. Any umouui,di,Dur+ed by I.c�ider undrr thi�paragraph 7 shull bec�ntr addilionul�ieht of Rorr�wer xecured by this _
<br />-'� ° ' :",'•,� Securiry Instrumem. Unlcss Borrower und LenJcr ugrce to��ther terms of puyrnent,these amountti sh:�ll Ixur intcrest from the �s;'�
<br /> �.° . �.�;�.
<br /> ��''� ''"' date of di+hunement a�the Note rute und shull bc puyuble,with inta:retit,upon notice t'mm Lender�o Borcower reyuesting
<br /> :f � �IGhka}w�� payment. F
<br /> ' '""!�`.: " 8. Morfgage Insuranee. If Lender rcquircd monguge inxuruncc ux u condition of muking the I�un �ecured by this �=�
<br />-- Y,�: � Securiry Inx�rument, Borrowcr shull pay th�: prcmium+rcyuired�o rnaintuin �he m�m�ug� insuruncr in effect. If, fur uny __
<br /> _ � reason, the mortguRe insurunre coveruge reyuireJ by Lender lapxes or cruus lu lw in efferb Borrower +hull pay the �
<br />- , premiums requircd to obtain coveruge sub.Umtiully eyuivalrnt to the moAgage intiuruncc previou.ly in et'fect, ut u cost
<br /> " � , substantiully cyuivulent ta Ihe cast to Bormwe�of thc mortga�!c in��uanrc previouxly in cffccl,from un allcrnatr mort€uFe _ .
<br /> .� • insur�er approved by Lendcr. IP wbstuntiully cyuiv,�len►mortguge in�urunce coverugc i�not uvuiloblc.Borrower�hull puy to �'
<br /> � Lender eACh month n sum equul to ane-twelfth ol'thr yrurly martgu�r in.urunce prcmium being paid by Borrower when the =.=
<br /> ' �..u�iv: 'r , insurunce cuvrrege IupseJ or ccused to Ix in effect. LeiKler will urcepi,utir unJ rctain�hese puyment.ux u lo,x reserve in lieu
<br /> '., .
<br /> � � of morlguge inxurancc. Losx rc�ervc puymcnts muy no lon�cr Ix r�yuirrJ, al ih�option �if Lcndrr,if mnrtguFe insuruncc �
<br /> :�.�` �° � cuverugc(in the umount und for�hc perial thut Lcnder ruquireti)providcJ by vn in+uitir appnwcJ by Lender ugain lxcomes -
<br /> , ��;;�„.... uvuiluble and is obtuined. Borrowcr shall pay Ihe premiunn r�yuired to mainlain mungit�c in+urancc m cffcct.or to provide a �,
<br /> � � •� lotis re+erve,until thc rcyuin�mrm ti�r monEuge inzurancr rnd� in u�curdance wilh any wriurn:igrccmrnt lxtween B�xrower
<br /> ± and Lender or upplicublc luw. �'=
<br /> .." � 9. Inspectlon. Lcndcr ix it�ugem may mukr rca.unuMlr cntric� u�m and in.prr�ion+of thr PruExrty. L�ndcr shull ° "
<br /> ' "�, ' . give Borrower notice at thr tim.ul'ar priur te�nn insExcliun.r�xrilyin�rruxanahle causr tiir�he in,�xcliun.
<br /> �. • 10. Condemnatlon. Thc procccJti��I'imy aw;ird ur claim ti�rdamagc+. Jin��ur r�m+ryurntiul.in connrctiun wilh uny
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