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<br /> � ptdads Ih�t Ltndcr n�yuirea 17�o Insumnco cnrder proviAing�h�insura�x:c shatl ix cMkn by Dorrowcr subJect to 4endcrY
<br /> - approvn)whkh sMll nol be unrcasonably withheld. If Rortnu•c�fnils to nulntiln mverago dcxribai above.Lendermny,a�
<br /> LenAcrk o�lon,oMiln covengo to protec�IRndork dghts in thc Propeny in accord:ncc wi�h pangraph 7.
<br /> All Insurance policies�nd renewnis sh�ll bo nccepmblo�o l.endu and ahall lnclude n amnJuJ mongage claux. I.ender
<br /> ehall havo Aw dght�o hold�he pnllcies and rcnewnts. If Lender rcquircs,Dorrower shall pmm�xly glr¢to Lender all rccefpu
<br /> of pnid prcminms nnd rcncwnl noiices. In tho avem of Inss,Dottowcr shail gfrc promp�nmlec to the insuru�cc cercier:md
<br /> I.cndcr. i.ender mny mnko proof of loss if not made prompily by I3orrower.
<br />. Unicss t�cnAer nad Oorrower mhcnviu agrx In writtng,insurance�nxecds shall Ue npplicd�o nsrora�lon or ropalr of ,
<br /> tha Pro�cny dam�ged, If A�o ros�omdon or rcpair is annomicaliy fu�s�ble and LendcrS xccuri�y 6 na ksxixJ. If the
<br /> rcsrorntinn or n:palr Is no�econonilenity teulble or I.enderl security �vould bc Iecsenul,tho Insuronce ptaeeds ihnll be
<br /> applled to tho snms saured by tl�is Secndry lnsuumem,whether or not�hen due,wi�h nny excess pald w Dorrower. If
<br /> Onrcowcr ab.indans tho Propcny,or dws not,nswcr within 30 days n naicc from Lcnder thm Nc 6isuroncc wrrior has
<br /> oflercd to scule a elalm,u�en l.cndcr may col!ect th:insuraa:ce procceds. I.endcr may nso ihc procccAs to rc�nfr or res�oro
<br /> ihe Pcopeny or Io pay sums securtd Ly tLls Securiry Lnsvument,xtxttxr a net dien due. 71�e 30-day Fcdod w II l+egin when _.
<br /> d�e�cilcc is given. -.
<br /> Ua!ess tander anA Acrcowsr ott�enrise ag�ee ia wri�ing,any arpl:catien o£pocmds to p�uicipal shalt ewt ex�rA or
<br /> pastyoao tho duo dax of th:manihty p�ynxats reCerred to in puagnptis 1 ar.d 2 or change the xnFUat of tCe pay�renf;z If
<br /> under�ar�gmph 21 tM Prop.ny is acquirtd 6y Ler.d;r.Borrox�er�dght w any insuracce policks artQ p,-ocecd�multing -
<br /> (rom damaga to tM Propeny prlor to�ho r.quisiQon shall p�ss�o I.cnder ro ihc eztem of�sums sttw:�#by�hts Sccumy —
<br /> - Instrumcntimmcdia�elypAortoUxacquisitios. _
<br /> 6. Occupancy, Presen�atka, lfafnteaante and i�rotecllon of ihe Pro7x�Xi ]torrmrer`s Loan Applkatlonl —
<br /> Leasd+olds. Rorcower shatl occnpy,estab!ish,and use the R�openy as Aortowerk prinapal rzsidrnm ei�hin sixty days af�er —
<br /> �he examlon ot�hB Szcuriiy Inswmem�nd shall cominue to acupy the Propeny ss IIovro�rerk pmxipal rosidence for at --
<br /> Ieast ono yeaz at�er ihe date of occupuicy, untess Lender mhenvise agrces in wriRng, ��i�idi conunt shall na 6e =
<br /> unrcazonably wi�t�ield,or unless ex�enuating cenamswnces exist which am bayond Rorto.rer�control. Qortoxer shail not --
<br /> destroy,damage or impair the Propztty,allow thc{'m{kny In dcteriorate,or commi�a;�te on tha 31o�rrty. Uorroxxr shall _
<br /> tx in default if any fodelmre.ciion or proreedmg.���he�h.r dvil or criminal,Is 6egun ih;,�in LenAer's gaod faithjudgmem =
<br /> mnid result in fodeimro of ihe Propeny m mhen��ice ma:r�ialiy ImpaG the Ifen creaied 6�•�his Securi�y lnswment or =
<br /> Lender'ssecurityfinerc.�. Uorto�sirmay wrcsuchx.icfau(vsndrcinslate,uprovideAi�ipuagre.phlR.byeausingtheac�ion "-
<br /> or prceeeding to ta dismisscd wi�h a rvling�h:n,in I.enAcrk good faith detcfminatlon,prccludos forFci�um of the 6orcowerk ��
<br /> imerss� In ihe fYopury or m6er materiel inxyaimrent of�he lien crcaied by t61s Saurity Instmmem ur Lenderl secumy =
<br /> intcani. Bortoner shall also be in defxul� il 8orcox�er. during ihe loan opplication process, gave ma�erially lalu or =
<br /> inaca�rn�e tn(omiaiion or s�atemeNS to Lender(orlailed m provide Lenderwiih any ma�e��+A infomiadon)in connulion wi�h
<br /> ihe b�o evidenced by the Nn�e. Including, but not limiied �o, rc�reseme�ions concernuig 6orrowerY occupancy nf�he -
<br /> Pro�nny az a prineipal rcsidence. I(�his Securiry Insuument is on a easehold,6orrower sh911 rnmply wi�h all the prov(sions s
<br /> of Ihe lease. If I�crrower acqWres!ac ciilc In fir Pcoper�y,�he Icauhold and�he(ce�i�le shall no1 merge unlcu Lcnaer agrces `
<br />-- lothemergcrinarcing. -
<br />- 7. Proteetlon oP Lender•x Rlghls tn the Propeny. If Uorroa�er fails ro pednm� the covenants and agr�..mems -
<br />- conuueed In this Securi�y Insin.�2nt.or therc is o Iegai groneding thal may significnuly effecl Lender� rfgh�s in �he -
<br /> f�ropersy(xuch az n proceeding In htkmptcy,probale,for coisn:r.ma�lon or PorfeRure ar��entorce laws or regulatirms�,then -
<br /> Len`hr may do and pay for wl,�te�e�is nccessary�a procec� �hc valuc of ttw Propcny aat.i.endcrs righ�s tn �hc Pw�ny. �r
<br />- Lender4 ectlons may Include paying any sums securcd by a lien which has pdod�y aeraSis Securi�y Inswmen6 ap^earing ;,"
<br /> In coutl,paying rwsonable enomeys'fces and cmcring on�hc Propeny to makc rcpai�.Ahhough Lenc!er may�ake ac�lon °-
<br /> under�his paragr�ph 7.Lender das not hace to do so. i�_.
<br /> Any amouNS disbursed bp Lrnder under�his paragmph 7 shall lxcome additional ei.fit of Oortower securcd by �his �`
<br /> Sea:rity Instmment. Unless Dmro��sr and Lender agrce�o oitnx�amis of paymen4�hesa a�m�uMS shall Ixnr intcres�(rom the �'�'-
<br /> daw uf disbursenum at�he Notc r�te and shall be p.rya6lc,��i�h imercs6 upon no�ta Gom Lender�o Qortower rcques�ing !`�-
<br /> paymem. P�i;.
<br /> 8. Mortgngr�nsurance. If Lender rcqnie��c2 mnngxge insurxnce:c x mndi�ion of maicing�he loan securcd by thfs -
<br /> Secnriry Inswmem,Bortmrer shxll pay�he pmiuunu uqni�ed to maintain the mor�eage inw�mitz In effat. If,tor any -
<br /> re:uoa. �h.e mnngage insurance cover�ge rcquircd by Leaaer lapses or ccases �o Le in ef(ea. Do1rower shail pay �he '-
<br /> premwms rcquired �o ob�ain eovenge subsmmially equivalrm io the mongage insunnce pnrtviously in effecl,a�n cosl --
<br /> subsnntially equhalcm to�he cost to Dorcower of the morigage insumncc pmviously in effce6 trom an nlcemate mongagc _
<br />.: insurer 6pproreA by Lender. ff subs�amielly equivalem mongage insurnnce coverage is not nvailable.Dorrower shall pay w F�'.
<br />- Lender each mon�h a smn eyual m ono-�wcif�h of�he yeady mongage insura+cc prcmium bcing paid by 6ortowcr when�he -
<br /> insmanee cuvenge)apsed ormased�o�in effec�. Lender will aceep�,use and retain tliese paymems as a loss rcserve in lieu
<br />- ot mortgaga Insuruica Loss rcserve paymems may no louge.be rcquimJ,a�the opiinn of Lender,if motlgage insurmice �','�_�
<br /> a,rc�age(in tlie amounl xnd for the period�hal Lender rcquire.�prorided 6y an inwrer appromd by Lender again hcoma �-< -�
<br />_ aeailable ar.d is oMained.�orto�rer shall pay ihe prcmiums meryireJ�o maimain moagxge insurance in eR'ec�.or to p:ovide a �"
<br />= lau reservc,umil�hc rcquircment for mongage incurancc endl in ettn:da�:r w�i�h any urincn agrcement bcnvicen Uoao�ecr �'�
<br />= and Lender m appi�cable law. j;;>
<br />- 2 Inspectlon. Lendcr ur its agcm may make rca.nn:iFle rnuics u�or.and i�r.reaimis of ihe Propeny. Lendcr shall -
<br /> Fice ilorto�ver nolice a��he�inre nf nr prior m an im�c�ion s;rci(ying rea�nnabte caux for ihe inspeclion. i,:��
<br />- 10. Condemnntimi. The p:,seds nf any au�aN or daf-�i tor dmuagr�.dinn or con.ayurn�iai,im m�nec�im:�der,c any.
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