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<br /> .--. __� _ _ ,� 92--. � �9
<br /> 14�2
<br /> p�{�o�(,¢nder roquira. The insurenca carrier providtng tha ineurence shall be chosen by Borrower subjxt to Lender�
<br /> apptovel which�hall not be unna�onwbly wlthixld. If Borrower faila to maintain coverage descrfbed above,Lender may.tu
<br /> � L,enderb option,obtain coverage to protect Lender's rights in�he Proper.y in accordance with paragreph 7.
<br /> All insurance poUcies and renewals shall ba eiccepteblc to L.ender and shaQ include a etandard mongage clawse. Lender
<br /> - sh�ll have the right to hold the policies and r�enewals. If Lerider requiocs,Borrower shell promptly give to Lender ali roceipts
<br /> - _--- "� � of paid premiume and renewal notices. In thc avcnt uf loss,Borrower shall aive prompt nodce to the insurnnce ctirtrtier end
<br /> L.ender. Lender may make proof of loss if not made prompdy by Borrower.
<br /> - Unless Lender and Bomower otherwlsc agree ln writ�ng,insura�ce proceeds shall be applied to nestoration or rcpair of
<br /> _- the Property dampged, if the restoration or i+epair is ecanomically feasible and Lender'k secudty is not lessened. If the
<br /> cestoradon or repeir is not econamically feasibie or L.ender's security would ba lessened,the insurance proceeds shull bo
<br /> — applied to the sums secur�ed by lhis Secu�iry Instrument, whether or nat then due, wlth any excess paid to Borrower. If
<br /> Borrower abandons the Property, or daes not anawer within 30 days A notice from I.ender that che incurance carrier has
<br /> - ---- -- - ---� offered to settle a clsim,then i.cmder may collect the insurance proceeds. L.ender may use the proceeds to repsair or resWre
<br /> __ _ the Pnperty or to pay aum�secwed by�his Secudty insuument,whether or not then duc. The 3Mfay pedod wil!be�in whtn
<br /> the notice is given.
<br /> Unlass Lender and Harower otherwise agree in writing,any application of praceeds to princlpal shell not extend or
<br /> postpone the due date of the manthly payments nefemed to in paregraphs 1 snd 2 or chenge the amount of�he payments. If
<br /> under paragraph 21 the Pinparty is ecqufred by Lender, Borrowerk �ight to any inaumnce policies and proceeds rcsulNng
<br /> --- from damage to the Property prlor to the acquisition sholl pasa to Lender to the extent of tha cume r�ecwed by this Soeurity
<br /> — _ _ _ __ incuumcnt immediatciy prfor to�he acquisidon.
<br /> ��._�._,_._. 6. Occupancy� PreservAtlon, Maintenonce ond Proteclion of Ihe Properly: Borrower'e l.opn Applkationi
<br /> _ - Len�eholdw Borrower sholl occupy,ea�ublish,end use the Propeny bs Bortawerk principul residence wlthin siaty days nfter
<br /> �";'�.� the execution af this Secu�iiy inctrument and shall continue to accupy the Property as Bortowerk principul residenco for at
<br /> leas� one yea� ufter lhe date of occupancy, unlesa Lender otherwlse agrees in writing, which consent ahall not be
<br /> unrcwsonably wlthheld,or unleas exunuating circumstances exist which ure beyand Horrower's control. Borrower�hall�ot
<br /> '�,' des�roy.domege or impair ihe Property,allow the Propcny to dete�iorAtz,or commit weate on the Property. Bomow¢r sh�11
<br /> _ be in default if wny forfeltu�e actbn or praceaiing.whether civil or criminal, ie begun that fn l.ender's goad faith Judgment
<br /> R�;� could rerult in fwfeiture of the Property or otherwise materi�liy impair the Nen created by this Secudry In�trume�t or
<br /> � Lender's securfty intereat. Horrower may cure such a defuult and reinstate.as provided in paragraph 18,by causing the acdon
<br /> �� or proceeding to he dismiswd wl�h a ruliog that,in Lender's good fuith detcrmination.precludes forfeituro of the Borrowerk
<br /> - interest in the Property or other material impairtncnt of the lien created by this Secu�ity lnstrument or Lender's secudty
<br /> `.":; interest. Botrower shall also 6e in default if Borrower, dur�ng the loan application pracess, gave materially false or
<br /> __� inaccorsu informssion or st�tements to Lesxler(or fslkd tQ grovidt Lendrr wlth eny me�erial informetion)in conaectkn wiW
<br />-- 3=�^._�''�- the loan evidenced by the Note, including, but not limited ta, representations conceming Bnrmwer?c accupancy of the
<br /> tiV:`�+�rA'u4..
<br /> �;�,t;�:��r•�_�•°•. Property as a principal nesidence. If Ihis Security Instrument is on a Ieasehold.Borrower shall comply wlth all the provisions
<br /> � ''"'' � of the lease. If Bomowar acquires fee tide to the Property,the leasehold end the fee tltle shall not merge unless Lender egnees
<br /> ° to the merger in writing.
<br /> � �Y�M1�'���,,':_'�., �,, 7. Protecdon of l.ender's Rlghts in the Property. !f Boaower fails to pedorm the covenents and agrcements
<br /> � -� '��`� contained in this Security Instrument,or �here is a legal praceeding thet mny significandy affect L.ender's righ�a in thc
<br /> .. �y:��•i�`��"`0. Property(such as a proceeding in bankruptcy,probate.for condemnation or forfeitune or to enforee laws or regulutions),then
<br /> ���.:
<br /> ��:;�;,`:� Lender may do and pay for whatever is necessary to protect the value of the Property and Lender�rights in the Propeny.
<br /> � Lender's actions may include puying eny sums secured by a lien which has priorlty over this Security Instrument, appearing
<br /> =�° � ';"'�''�"'"""�"`�`'�?�' in wurt,paying reaxonable attomeys'fees und entering on the Property to make repalrs. AUhough L.ender may take action
<br /> :��: ....r. _:4 =!
<br /> ..,�� ,, under this paragraph 7,Lender does not have to do xo.
<br /> Any amounts disbursed by Lender under this purngraph 7 shnll become ndditianal debt of Borrower secured by this
<br /> � '�' � ' �'"'`'�� Security Instrument. Unless Barrower and l.ender a�ree to other tcrms of pnyment,these amounts�hull bear intencst from the
<br /> �Y:<.:,.�,
<br /> .,� ..�,„ date of disbursement at the Note rate and shall be payuble,with interest,upon notice from Lender to Borrower requesdng
<br /> .. ��.. •:�Yt:'�•`� _ y�-
<br /> w,� ��� , payment.
<br /> ��•^�-� "� � S. Mortgage Insurance. If Lender required mortgage insurance uti u condition of mnking�he loan s�x:ured by this
<br /> F .. � • :, ,..- . '_�
<br />��-:• • •�,;, Security lostrument, Borrower shall pay �he premiums reyu�red to muint�in the monguge insumnce in effect. If,for eny
<br />, ;a; ' t.��•;,_ , reason, the mortgage insurance coverage reyuired by Lender lupses or ceuses to be in effect, Borrower ahall Pay the
<br /> _;��,;,. premiums required to oMain �overnge sub4tuntially eyuivalent to the mortgoge in�umnce previously in effecb at a cost
<br /> •�-'.�r � � ` �, substantiully equivalent to Ihe cost to Borrower of Ihe mortgage in4urance previously in effect,from i+n ultemate mortgage
<br /> �' � � � "• �r�4�` insurer approved by Lender. If subslantially eyuivAlent mortgage insurnnce coveruge is not uvailnble,Borrower sh�ll pay to
<br />� ' :�','�:�;:_�;..::Y: Lender each month u sum equul to onc-twelfth of!he yeurly monguge insuruncc premium being puid by Borrower when�he
<br />-5 �;` .:,. �� insurance coverage lupsed orceused to be in effect. Lender will accept,use und retoin these pnyments as a loss reserve in lieu
<br /> �`; t of mortgage insurnnce. Loss reserve paymentx mny no longer be required, ut�he aption of Lender, if mortgage insurance
<br /> " �" � • coverage(in the wnount und for the periad thut Lender rcquires)provided by an insurer approved by Lender again becomes
<br />� �'.�.�� ;
<br /> • t, � r: .,y�,, : availublc und is obtaincd.Borrower shull pay the premiums requircd to maintuin mongage insuruncc in effect,or to provide a
<br /> . . ,� loss rexerve,until the requirement for mortguge insurunce rnd.in uccorduncc with nny written ugreement between Borcower
<br /> ' ,:.•�.�:�,��; ~ and Lender or applirable luw. _
<br /> 9. Inapectbn. Lender or its ogent ms►y muke reusonable entries upon und inspectionx of the Property. Lender shall
<br /> '' � - � • give Borrower notice at the time of cx prior to un inxpec�ion specifying rcusonublc cuuse fi►r Ihc intipce:tion.
<br /> ; �.,
<br /> , 19. Condemnatbn. The prcxccds of uny uwarJ ar claim for di�mnge+,dircrt��r cnnscyurmiul,in connection with any
<br /> � SNglc Famfly--Fannle MaelHYeddle Mac UNIFYIRM INh"fRUMF:NT--Unilixm C�wenunt, 9/90 qw,¢e 3.�n puXesl
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