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<br /> pcdals iwt l.en,kr Rqulrcs. Thc Insuroncc carricr provlding thc Insurance sh311 tro chosen by tinrrox�cr subkct to Lcndcr�,
<br /> °--- � .pprova��vhich sha�l not Ix unrras�m�bly wi�hficlJ. 1(Ooir�w-:r falls to maintain eor.nge descrilxd alzive.LenJer mey,el --
<br /> Lenar4 optlm.oMein covengo io pmtect Lender's�igh�s In tix Rropcny tn aecarJsnca with p�ngmp!i 7.
<br /> Ail(nsuranco(w��cics nnd rcnewals shall ix acceptable to 4enderand shall Include a smndud mmtgage dause. I.ender
<br /> sh�ll iiavo Ilw dg6t to hold tho�Ilcics,nd nm;wais. lf Ixndcr rcyuins,Bortux�er sAall prompqy give to Len9er all nYCipis
<br /> of pald prcmiunu and rcnavnl no�ices. In�6e e��em of loss.QoRO�cer shall gh•e promp�no�ke�o ihc insurr.ntt c:vrier anA
<br /> l.cadcr. i.endermaymnkoproofoflossifnamadcprornptiybyUorcowar.
<br /> - Unicxs I.ender:md Rortowtt ahenvisr�gra�.in wridng,Imurance Qrocads shall l�:npplicd m n:stontion or rrpair of
<br /> �` U�o fhn�cny damaged, if ihc rcstomtion or n:pair is cmnomicaliy fcas�blo and l.cndcrS sscufiy is nvi Icsxncd. i(tho "�
<br /> «s�on�lon or rcpiir is no�economlcatly feasibie or tender3 secudty x•ould be Iessened.�ho insnnnco proceeds shall be
<br /> n�lled m�he sums sccund by this Sccuri�y ins�n�mem,a�heiher or na then duo,wi�h :viy excess paid to porcawer. tf
<br /> iiorro�ecr,banAons tho Propetty,or docs not answcr+vhhin 30 days a no�kc fmm Lcndcr�hat thc insumnw c,rcicr has
<br /> - offercd ro senlo a claim,t6en Lender may mlicet the insur.uice proceeds. 4ender may nse�he pmaeds�o repalr or rcsloru
<br /> —_ Qie Propeny or�o p�y sums secund hy�his Security[nsuumen6 whether or not then dua 'll�e 3adny pedod�rill lxgin when
<br />-- u�e noQm is giran.
<br /> -- Unless L.endcr and Aorcoa�er otherxise agm in�vd�ing,any application of procceds to p[i�uipoi sBal�r.ot exrend or
<br />-_ postpone�he dvs duz of the monUty pa��ments rcfemd�o in pangraphs I nnd 2 or change the mnamt ot�he�nyrtxnts. If
<br />_- ur.dsr par�grapR 2t �he Propeny is:r-quLzd by Leroh:�,Dorrower�s right Io any u�wrance polir.'es mx4-�nr.m3�s resulting .
<br /> Rom da.maga to the PYopeny pdor to ihe acquisi�ian x'�,II pus to Lcndcr�o�he exv;ct ot tM Nas�s secun�6(+y WzLg-Sxuriry '+
<br /> _ Instnur.ent immnfiat.ly priw ro thc acquuition. � � .
<br /> == 6, tN.ra�p�ncy, Arestn�atbrz, bSa>vtrnance and Prolalbn ot the Proper7�; Tr.+r;rurv;r's Loan ApplkAtkeii' - �.
<br />_-= LtauPia[Js. �otver shall arupy,..�wL!i:h,,nd ux�he P(operty as Rorroweh princrpal rcshtence within sixry d,�ys aV'tdt. �
<br /> iM ex«utias oE this Saump Ins�rtimM.Y:!+ha!!w^.5nue to occupy the Propeny as Borrowerk principal rcsidence Por at
<br /> -y� [eas� one year aRer ihe date of occnp�rt:y, iir.le:s Lender ahenvise agrca in writing, whfch eonsem sha11 not be �
<br /> ._,;� unrcasonably wi�hLeid,or unless eztenva�ing circnm,t:u�ces exis!which arc 6tyond Oorco���er's coMml. Bor[o�vz�sh�ll not :_c �
<br /> _ derroy,cUmage or impair�he Itopeicy.:A[.+w the Pvpeny w d.teriorate,or commit wnste on the Propeny. &�rraa�er sh�ll
<br />-- Ix in defauit if any fodciwm ac�iun aK�:i�¢eding,whether civil or crimfnal,fs began�hat in LetxferY good faiih JudgmerF �
<br />_:_,:� could rcxuh in farkiinrc af ihe Prop.•m c�t o�hanvix materially impair the lien crcated by d�is 3ecurily Ins�mmen(pr .
<br /> Lender4 securi�y imeresi. 6orzoner mayawe such a defauh and rcinstate,as provided in pNa ezySi 18,by cnusing the.GUq�
<br /> ri� or proceeding�o be dismisnd witL a n6ing tha4 in Lenderk goad fni�h detemiinatinn,prcduc�es(or(eiwrc oithe DortowQcA ;", .-
<br /> .�;._,-.� intcrcs� in �hc 1'm�ny ur other mafuial impaimicnt of�hc litn created by this S�cvri�y 1n5tinmrnt or Lender§ueuii}y� • -.
<br />-"`' intercst. 6orrower shali aLn h in ..k•r.a.it if Oortower, during thc loan applicrr.io� g:o.res. gave materially false cr • -
<br />-�;"/f� inattuntc fnfonnation or statcment.u�F,��der(or failed io pmvide Lender with xny ma�edal infamatlon)In cro^nec�ion��iCa �,
<br /> " Ihe loan evldenceJ by the Note, irtadudmg, but nre limiied to, rcpresentatfons eoncem(ng 'Wna��ert occupancy of tSx.
<br /> ;, Pro+p�ny ns a principal rc>ieknce. If�htr Sauri�y Imtmment is on a leuehold.6aro�rer sl��ll evmply with,q the provlslonx
<br /> -__•_;� ot�OC IC85C. II I�10RU\\'Cf:K'901fi'.S ICC IIIIC IO fllC 1'10(JtZIY.lI1C ICd3CIlOItI:IO(I IIIC I�C 1R�0 sI1J111WI OICI$C UIIIC�s LCiW4f O$Rl'S ---
<br />-��a to�he merger In�vritfng.
<br />.:��y-� 7. 1'rotection of I.endcr's Righls(n the Yroperty. If 6ortowcr f:�itz�o perfami tEx cmenan�s and ngrcemems
<br />��;?� comained en �hts Security Insuument_or�hene is a Iegal procceding tha� m.ry signi�camly r.tF.�ct Lender� righu In Ufe
<br />-.:;.;�� Property(�u;h as�proceeding In banlm�.�.y,proba�e.for condemna�ion ur fodeiwre or m en(orce latvs or rcgulations),ihen _
<br /> P;`.<� Lender nuy do and pay for wh;nerer is rxces.ary�o proteci �he raiue of�h.Propeny nnd Lender�dgh�s in the 1'ropeny. _
<br /> LenAerk ne�lons may tnciude paping nny sums secumd by a lien�ahich has priomy over qds Securiry InstmmenL nppeadng -
<br /> '�� in eoun,payfng teasonable auomeys'fecs and entering on tl�e Propeny m makc rcpafR. Al�hough I.ender ivay take ac�ton
<br /> -%= undcr this paragraph 7.Lendcr dws��o�h�rc io Jo�o.
<br />�`=�? Any amu:mis dis6uRCd hy L.::Se�endar �his paragraph 7+hall bnome adJi�iunal debt of Dono�cer secured by tliis -
<br /> - Saurily 6iaW menl. Unles�Rortuucs auJ Lcndu:�gre�lu uihcr Icrm�of paymeni.Ihtx amounls xhail�,r initrcxl from Iht .
<br /> ,..,I da�c af dis6unemem a�thc Nme ra�e ar.J�hall lk payablc,ui�h imcrc.�,upun noticc from Lendcr�o Uorro�rer nvrycsiing -
<br /> i mem.
<br /> __i� P y 8. lforlgage Insurance. If Lender rcquimJ mougage inxur,mce a.n wnJiiion of malcing�he loan securcd by�his F `
<br /> j;:� Seeurily In.lmmenl. 6nrrow.r sh:Jl �+r,�hc premiuma reynircd to meimam �he mongagc insunnm in c(fcc1. If,for uny �' -
<br />°::t6 rcuon, thr mMgage insurance cova•r.��e nquircJ hy I.cndcr la�v_,or naccs ta � �� .rc���. oo«<,,,����i,:�n ��y �hc -
<br />;=_^f pmmimns rcyuircJ lo ubmin covernge�ub>i:m�i:dly .yuival.m �o �h mongage in.ur,mce previously in effect. a� a eus� E;;_:.
<br /> r.'� snbs�antiaily equiv,Icm In Ihe co�l lo fforrmcCr uf Ihe matlgage inwrance preriou.ly in effecL(rom an altema[C mor�gage --
<br /> insumr nppra•ed by LeiwEr. If wb.InNially cqui��alem marigage inwnnee corer.�ge is nm a��ailable.Uurto�cer zhall pay�o �."-.
<br />-���� I.ender each momh;�.un�ryual m onu•ncclfih uf�he iradp mong:�ge in.uranc.premiwn being paid by Qorm�cer�rhen the Ri��
<br /> ��'"� insuranmwvemgelap,edorccaxd�olwineflec�. Lendcnrill:�ecepi.u.r:indr.c+in�he.ep:�yn:en�c:�.alo�.re.eneinlicu �';--
<br /> ;'n� of mongage insurance. l.aca rceen�c paymcnls may nn longrr bc reyuie.d.:rt tF.r op�ion uf LrnAcr.if mntigago incur:m« �:'�.
<br /> =- coverage tin the amnuni�md for ihe perioJ ihai Lender myuire>I pra+vidcA M .rn in.urcr:�p{�rovtd 6��I.rnder again becomt� x��;
<br />�,.''-,� availablc and is obtaircd. (tntrn�ccr xh:dl p.+r�hr premium.rcquired In maincrm m�ng:�gc in.urancc in cff..4 or�o pmviJc�� �::-.
<br /> loss rcserve.unlil Ihe r•auartmenl for mong.�ge ntx�LmCe cnd�in atrn�dan:e�.nh:m� ��riutn agrecmeN Ma�cen�urtmrer }::;.,
<br /> - .�r.d Lcndrror applicablr l:nr. -':=.
<br /> _�`_�� 9. lnsPccllon. LCnAtr or ih .��cni may makt Ira�nnaFl�•anL•:n u�x�n and myrtiinn,n(�hr Rn�knr. Lcndrr<6:dt
<br /> :_-a gixelf.w�w�:rnolicca�ihrlimrn(nrpnnun:min.�xaiinns�nfy'i:mrc:nnnablcaau.c(orlF�im�c:Iinn. �'''.
<br /> -v3 10. Cmidemnatlun. llic pnxccd.n(anq:n�urd u�:l.wu for J.�magcw Jircal ur con.tyurnn.J.in ronmxlion�uth.im -
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