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<br /> ' ±. Ilurard or Proprrt} lnrurance. Burr�����r .hall {,�tip ihc impr�nrmrnt. nu�ti rti.ttni ��r hrrrattrr rrrctctii �m the : <��. � �.
<br /> .. �, � Pr„prm mwr�d agaiu.t 1�,,.h} tir�. h.vard. in.•ludr.l ���thin ehr t�mt �crtcnd�d ru�rraLr" anJ .�m uthrr harard., m�ted�uL , ::``
<br /> • � -- . tlu��d,or tiuud�n=.. ti►r��hirh Ixmin rryu�►� iu+urs�ii�. Tia,iri.UP3ii��.h.�!{!s: siti.titii:iifl.:� +:t th�.;�::�ue::t:.�ea!f't��!he;xrn�si, --
<br />_ . � th:ct t.rn�rr rryuirc.. Thr m.uran�r�3m�r pn��iJii�e tlir i�uur:uiir.hall hr�h�»rn M B��rruacr .uh�c.t ta lxr.�l�c', appnn al . ...;� �
<br /> � .' � ��hi�h .hall nut he unn.�x,nihl� �ttthheld. lf Burro��cr lail�tu m.eintain cu�eragr de��rihral aha�r. 1.�nJ�r nu�. :rt L�nd�r'. • '
<br /> • '' uptiun.obtain�unr�_r tu pmt�rt Lrnder'.right.m thr Proprm �n ar�urdanc�w ith paragr�ph'•. _ -
<br /> -= ,-'`�-� Ali in:uran.e Ex�liiic,arx� reneual��hai! Ix:u�rpt;wUle to lxrnirr and.hsll in�luJe:e ,t:�iuiard nu�rt•,:�;r cl:us,e. l.tauler - r -.
<br /> '`, ; .hatl hase the nght tu huld the pulirir,and rene«al.. lf Lender reyuire..Burru�ser,fwl!promptl}• ,'icc tu l.eruier:ill rcrci�.:.� uf . ;..E;., ,
<br />:=:� - . ,Y paid pmmium�and rcnr�eal nutirr,.1n the ecent�,f lu,..Burn��►er,hall giee prumpt notice tu the uuurdn��e wrrier:u�t i.:!vlzr. ``�µ`
<br /> -- . # Le�uier ma�•make pn�of uf lu,.iC no[maJe prampQ}•by Burruwer. '� . 'l ' " �.
<br /> `; ' Gnless Lender:u�d Borrower otherwi�e agree in«•riting,insucince proreeds shall be applied to re,totaiion or reQ3ir oC tStr r�� ` �';::e;�r. ;�
<br /> +� Property dama�ed,if the re,taratian ar npair i�e�rnumic�lly f�siblr and L.ender',.ecurity i,not tea,ened. It'thr re�taration oi �•�,';'�t��; .
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<br /> - , repair is not c�onomi�ally fea,ible or lxnder'ti�uritc ieaulJ be lesrenad.the inwran.x procced.��hall he applied to thK stcros .��;i:t.r<�;.�;_:;+;�<'4;
<br />':.<. secureci b�� thi� Security instrument, whether or nut then dae. with any exceac paid tu Bormu•er. tf BornnKer aband.�n� the . Y� "'�;'� `
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<br /> `, ,' P�t�perty.or does not ans�•er within 30 days a noti�-e from Le�tc�er that the insuranu�carrier has uffered Eo setile a daicn,thrn � ,.•�F:'."
<br /> Lender ma collect the iatiurance rocectis. Lettder ma use the m«i+ to re ,tir or resture the Pm e or to ,t�sns � • � �3`' '
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<br /> �• _ ` secared by t6is Securit}tnstrument,whether or not then due.7'he 30-day periad will be�in when the notice is given. - � � ��.�';.�_�,-"
<br /> •�- Untca+ Lender and Borrower othenvise a�x in writing. an} appli�aon of procceds to principal �hall not ex[ertd•or
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<br /> - postpone the due date of the monthly paymenu refc.�ta in p�aragraphs i ar�2 or cha�ge the amouni o1'the p:syrnen�s. If '�•��� �- •
<br /> � � . ursier paragraph 21 the Property is acquired by Lender,Borroa�er's risht to a^.k i.a;irance policies and pmceeds r�uitin�from � _
<br /> _ _ . , .... damage to tiz,Property prior to the acquisition shall pass to Lender c;,�:�e euent of the swns secured by this Sewrity Im�wmrr.nt • ' �'"•�'��
<br /> °. . c>�'r,3::�;.�%,�.
<br /> i: , .� immeiiiately priur to the acquisition. - -':-.'�f;;���;`•
<br /> '4 . i 6.Oavpancy.Preserratton.1�iainte�ance.and Protection of t�e i'�snper26:Borrower's Loan Applicatdc�n:Let�romC�s. �'�•`.'''+c}.i'•
<br /> .�: ;S D,!f,.:
<br /> ,; i�. Borrower shall occupy.es�biish.und use the Property as Eorrower s prin�ipal:�,faence within sixty days�er�ex�x.�ution af . ,...
<br /> ',.,.. :
<br /> � this Se�vri Instrument and shall cnntinue to occu the Pro en ss Borruwes'� nnci al sesidenre fvr at(eost atr,e �rar after • :'��' ''`
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<br />`�� ` � she date af occupancy.unles.s Lender otherwise agrees in writing.cvhich consent sha11 nat bc urct-�sanab':S�n*i��etd.ar ar.'ess -... •.-`�:��
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<br /> .F � extenuating �ircumstances exist which are beyond Horrower's control. Borrower sha11 rtot desrroy, dar�.aer, or ics�ai: me - �''�`�">7�''
<br /> _�•�; Progerty. aIluw the Property to deteriorate, or commit waste on the Propeny. Borcower shall be in defr,.LL'.c if 2r_}� forfeer..�ze � r'..j'.���'`'. r:
<br /> -'( • a�on ar proceeding, whether civil or criminal, is b�;w^that in i.ender's good faith judgm�nt could resu!°.ic Eo�feic.:re ef the . . �� �';�
<br />.:��; '. L�:aperty or otherwise materially impair the lien crata�.C�ti•this Ser�rity Instrument or Lender's security irttex�t.Bmrra�.�caaty . . . ''�`�:�'F.:�
<br /> � cure such��`zefault and reinstate.as provided in paragr,�.-�'.� 18.�: •;��ing the actian ar pmceeding to be dis��-s�ed wzttr a n;.i:r� .�: ,� ��"'=s��,
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<br /> that, in L,e�s�r�s gaod faith detertninatian. precludes forfein:Te .E c[�e Barrower's intere�t in the Property ar nthec m�r:�1 �'.•.•�,:�• j,,,{,rt'.���,��,;
<br /> � , impairment c:�he lien created by this Security Instr�;.7-.s�nt or l.ender's security interest. Borrower shalt zL�o be in d�fauit if , ,,� �rv���Es
<br /> ' •• Borrower,during the loan application process,gave rr�.�xrialiy falxe ur inaccurat�s infortnation or statement,te i..end.r(c�r failed -, .,��.,�•
<br />- �P � to provide Lender with any�material information)in connectian with the laan evidenced by the Nate.incl�edi:b.but nc�t,limited -..- • . ' ���
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<br /> to,representation,conceming Borrower s accupancy of the Property as a principsd residence. if this Security In�ttument is an a . ..:s
<br /> • - leasehold, Borrower shal! wmply with all the provisions of the le�a.tie. If Barrower acquires fee title to the PraF+erty, the
<br /> .��� . � �� ': � lea�ehold and the fee title shaQ rtot merge unlecc Lender agrees to the merger in writing. ` ', :
<br /> ;;�r � 7.Proteetton of Lender's Rights in the Psoperty.lf Barrower fails to perform the covenants and agreements corvained in � , • •,��':"
<br /> `� . this Security Instrument, or there ic a legal proeeeding that may significantly affect Lender's rights in the Pr��{�erty(such as a • . ..,.;_.
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<br />-`',; . , proceeding in bankruptcy,probate.for condcmnauon or fort'eiture or to enforce la�vs or regulations),then L�fer may do and
<br /> '� ` � ';i.`f`:r,. pay for w�rt�e*ti�r is necessary to proteci the value af the Propeny and Lender's rights in the Property. l.ender's actio�s rr,ay ., �
<br /> , • ' ,i,!:`:• include �;�:-� �ny sums secured by a lien which has priarity over this Serurity Instrument, appearing in a�urt, ps.t�.g . `•"�_
<br />--- r,.,.. . _
<br /> _-_=-`'�� '� �`�" reasonable att�rneys' fees and entering an the Property to make repairs.Although lxnder may take action uQder t�;s psr-�^-a�h ,4 � : .., •'
<br /> � 7. Lender does not ha�e c�do su. ' "' '�'
<br />- -. • '' Any amounts distxsv�d by I.ende.- tsnder this p�aragraph 7 shall become additional debi of Borrover secured by this � �', ' `
<br /> `'�tl� Secnrit Instrument. Unless Borrower:�er��ender a ree to other terms of a ment,th�sc amounts shall bear irterest fror.�the � �'t!y'S,•`. :
<br /> �::�f`:r��. Y =e S P Y
<br /> � '''::ra`;��';; date of disbursement at the Note rate:n,i shall be payable, with interest, upan natice from Lender to So-mwer requesting � . `• .. �
<br /> �`' payment. . .
<br /> _,�'� • 8.Mortgage Insurance.If Lender required rrt.n:t,�,e insurance as a conditian uf making the loan secv.r�f uy this Security
<br />'��� �� � lnstrument. Borrower �hall pay the premiums reqL:n_S to maintain the mort�age insuruncc in effect. It', for any rea�on, the •
<br /> '�� �� � mortgage insurance coverage required by L.ender lapses or cea�es co 6e in effect. Borrower shali pay the F:�r.ium9 required to • •
<br />"_��'; ohtain coverage substantially equivalent to the mortgage insurance pr�winasly in effect,at a cost substantiaiiy eyuiti�utent to the •_ .
<br /> � � u�st to Banower of the mort e insnrance reviousi �n effect. from un altemate mort a e insurcr ro�ed b l.ender. IP ' "�'�}��' �
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<br /> .u!>stantisilly equivalent mortgage insurance coverage�s not available.Burrower shatl pay to [xnder each rr.ontf�a su:�equul to �,. �
<br /> _ ';'• �';•;s;.�'.. oae-tweifth of the yearly mortgage insurance premium 6eing paid by Bormwer when the intiurance coverage lapsed�r ceased ta � � �•'�;1,�; ..,
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<br /> ��.••: be in efRxt. L.ender will accept.use and ru.Ln these payments ay a luss reserve in lieu of mortgage insurance. l.ass re.serve , ,E,;�;?;!.•.,�
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