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<br />� pedafs that Lendzr rzqulms. Tt�e Insurance caMcr provlding�he Insur,.nce shall 1�:choson I�y Qurroner subJed�o Lenderb
<br /> approvsl whlch shdl not(»nnrcnsonnbly wUhhetA. if Oottower falis to malmnin eovamge descdbed above,4ertUer may,at
<br /> • l.ender's oplion,ob;ain covemgo to protect I.endorL dgl:is in�he Pro7�cny In accordnnce wl�h{urngraph 7.
<br /> All lmurartcs poticlos and renewnls shall t»nccep:nblo io 4enAer and sM1all Incinde n swndard mong�ge ciause. I.ender
<br /> shall hnvo the dght lo hotA�ho pollcies and rcnewels. It I.enderroqulrcs,Oortower shall prompily give ro I.endtr all n:ceip�s .
<br /> otpaid prcmiums anJ rc�w�vnl noticcs. In�ho cvcnt ot Ioss,portowcr sh¢il givo promp�notia ro thc insuranco carcicr and
<br /> i.endcr. Lcnder may mako proof of loss if not medo promptiy by Dorrower.
<br />- Unless I.ender ar.d Ooao�eer othenvise agrce In svdqng,insumnce pracecds shall b:applled ro res�oraifon or ropalr ot .
<br />� iLo Frupc�iy�luniup'cd.ii lin icalumiivn ur lipdii ii eioirvn5l[dliy t'rasitia ar�d 1.i.i�dar, se.:uriip �s n�i lasser�i,d. I(tfic -
<br /> rcstom�Ion or rcpair Is no1 economicnlly feufble or l.enderb secarhy�vould Go Iessened,�ho insumnco procceds shall be
<br /> npplled to tha sums st.urW by this Sceadty Insm�ment, whuher or not �6cn due,with any exccss paid to Dorrower. If
<br /> Aorrowcr abandons tlw Prorycny,or docs not nnswcr wiqiln 30 dnys a nmtcc from Lcnda tlia� �he insumnco cnrticr has
<br /> otfered to u�qo n datm,then Lender ma�collat tho insunr.ce procwds. LenJer may use tLe prooceds m re��air or rcs�oh
<br /> ihe Pro�ny or m pay sums secured by ih s Secudty Instrumem,�vhetlier or no�ihcn due. 7Tw 30-0ay periai:v 11 bcgin whcn
<br /> tie not co is givcn. �
<br /> Unless I.ender nnA Rotrox�er othenxiss ay�ee ia writ(ng,any aQplirntlon of procecds to principal shall r.et excer.Q or
<br /> pos�pono�ho due dato of tlx nwttdily paym.eats referrzd to in p�graph4 { and 2 or ehnnga Ihc amoum of tlu payments. If -
<br /> ur.der pangraph 21 lhe Rcpcny is u.,u'vd Gy F.e�adeq 6onnwer9 right to any tnsurance policies anA procec8s�esniting ��
<br /> from damnge�o�6e 1'ropeny pdor ro the acquisi�ion xhall�nss w Lender to the encent of Uw sums sccured by tliic Security
<br /> Inswment immedia�ely prior to the xquisitiwn. �.
<br /> 6. Occupancy, PrrsrrraSlon, h7a�srd.enmice und Trolation of the Preptrlq; Borroi��cr's 4oan Appilcalion;
<br /> Lelseholds. 6ortower shall ocaipy,esta�:i�,and use the Propeny as IIorrower�Qrirv:ipal nsidence within sizty chya aRer
<br />- the execution of this Security Insvumem mM s6all cominne w occupy U:o Property as ISOrrower�s principal msidenY for et °
<br /> lcast one ycar aller ihe dxe of occupancy, unless Lender oihenrise agrees ia v-nnng, which consent shail �wt 6e �
<br /> imrcasonably withheld,or r�fe�+txlenua�ing circumstances exisl which:+rc beyond P�svxer2 comrol. �orcower shall no� -
<br />� desvoy,damage or impalr�hr Preperty,aUow ihc Property to deteriwxe,or commft wns�c on�he Ropeny. 6ottowcr shall :.
<br />- be in defauit if niy torkiiurc ection o�pretvding,whe�her civil or airuv:al,is begun iha�in I.ender§good fai�h Judgmem
<br />� �outd msuh ia tmfeimro of�he Properey o:oihenviu materially irup..v ihe Ilen created by this Security Insuumont or
<br /> E.eeder�secu�iry imercst. Uorcower may carc such a defnult and rcfns�a�e,as provided in paragraph 18,by ceusing�he aaion -
<br /> ar proceeding lo be dismlucd wfd�a ivling�ha61n LenelerS goad felih deiefminatlon,prccludes fodeimrc of�he OonuwerY _-
<br /> iw:rrest in the Propeny or other ma�eriai impatrmem of the lien crcated by ihis Security Ins[rumenl or I.ender§ secudry
<br /> imensi. Bottower shall also be in do(auti if Uorcower, during the loan applica�ton process, gave maierially totse or
<br /> inaccurate infomia0on or sia.emenu�o lxnd:r(or failed lo provide Lender with any material infomia�ion)In conneaion wi�h =
<br />- �tc loan eviAenced by tha Nota Includine. 6m not limited to, reprcsen�mlons concemfng dorrower§ occupancy of the
<br />. Pr,peny aa n princlpal resld:nce. If�hls Sec�ril,v Inslmmen[is on a Ieasehold,6onnwer shall com�ly widi all Iho prnvlslons --
<br /> ot ihe Icase. It Domia�er xw7u�res Ice thle�o tho Propcny,the leasehold and�he fce iide rJ�ail no1 mergc uniess Lender agmes :.
<br /> w tnc merger in aziting. -
<br /> 7. Protec�{on ol Lendcr's RIg61x In ihe Property. If 6ormuer faiCs tu pcdomi �he covenams nnd agreemems -�
<br /> contelneJ in �his Sewrity Ins�rvmen�, or therc fs a Iegal pracMiag d�aa may significamly nfYea LrnJeh dgh�s in ih. �.
<br /> Propeny(wch ae o praceJi:�g in bankmpicy,ymbaic,fm cundc�nnn�i�xi or lodtimre or�o en(orca 1.,+.3 or regulations},�h.0
<br /> 4ender may do end pay far.�hatever is uaceRSery to Fcoiea�Ix vaLi.of�he Pro{xny nnd Lenderl rights In�he Ropeny. --
<br /> Lendery ac�ions may Include pa�ing any sums uwrcd by n lim���hich has priority ovcr thts Securiry Inswment,appearing .
<br /> in coun,paying rcasonable a�romeys'fees and entedng oce ihz kopen�•�o make rcpairs.Ahhough Lender may take anlon
<br /> undcr�his paragreph 7.Lcnder docs not h�vc�u do so. _
<br />_ Any amoums dtsbursed by Lender under�his paragrnph 7 shnll hecome addl�ionol debt of Uorrower securcd by�his =
<br /> Stturity Inslmment. Unlcss 6ortowcr nnd I.endcr agrcc to oiber temu of paymen6�hcse amoun�s shall bear interrs�fmm ihe -
<br /> daie of dfsbmcemcm a�ihc Note m�c nnd shail be payahle,x�i�h tmcra�, upon noticn f�om Lcndcr to 6ovowcr requcs�ing =
<br /> paymem. _
<br /> S. Mortgage insurence. If Lendcr requircd mongagc insurnnce ns a condiiroa of making�hc loan securcA by�his -
<br /> Securi�y Instnunent. 6orco�rer shall pay�he prcmiums requircd�o mumain�he mortgage insurance in etfec�. If, for any ��-
<br />. rcason, ihe maYgage Insnrancc covcrage rcquired by Lcnder h{�+es oc ceaces to be in e(fect, Burtowcr shall pny �he ��
<br />. prcmtums rnSu�red to obtain coverage subsivuially cyuivalrn�tn ih:anongage insurance prcviceu�ly in effen, a� a cos� ,_
<br /> >��Mtanflally equivalem ro tt+e cost to DoROwer of d�e mo.ngage ias�nntt prcviously in effec6 from an aiterrtcua mortgage -
<br /> insurcr xpproved by Lender. 1!substamially equivalem raor+gage in+unnce covemge is no�uvailable.Ilartux�cr sfi.Jl pay�o -
<br /> Lcnder each momL a sum eyual�o ono-nvelflh of�he�eari_. mcngage i�suranm prcmium bcing paid 6y 6ortmrer whcn the =
<br /> insurance coverage lapsed or ceased�o be in Mfect. Lender will accepi,use and re�ain�hese paymems u a luss reserve in lieu _
<br /> of mongagc insurence. Losa rescrvc payments may no longer h reyuimd,at�he oplion o(Lcndcr.i(mongage insurvice -�
<br /> coverage(in�he:miwnt anJ for�he period ihat Lender rcquircs)provided by an insurer approved by Lender again becomes `
<br /> available and is obiainrd.@vcouror shall pay�Le premiums rcquircd to maimain mong�ge insumnce in efkct,or to urovide a
<br />- loss racn•c,umil�hc req::irener.e for mongage(nsurana ends in acwrdance��i�h any�viu.n agrecnxN behaeen I3urroxer "
<br /> and Lendcr or applicablr f n�-
<br /> 9. In.�Feacion. I,endar or its agem may maV:e reasonable cnacic.upon anJ inspcciions of d:e Rop.rty. Ler.l.er shall ..
<br /> give Oorto��rr mr,ice al lhe time af or prior io.�n inspeclion aperifyinF rr.nonaM1le cauu for the inapr..mn.
<br /> 10. Cw�dtNneilon. ThtproceedsoiamawurJrce7aimfnrdamages,dircclorconvquenu:d.m:nnnretor.wilh:m)-
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