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<br /> � �S~ i�5240
<br /> for thc pcdoda that l.ender rcyulres.'Ihe ineurance car�ia providing the ineuranGC ahal�bo chosen by B�rtowcr Rubject to
<br /> I.cnder'�tpprav�l whkh�hdl not bo unreiuon�bly wltt�held.If Barrawer frils ta muintain coveragc dcxcribed ubnvc, Londcr
<br /> m�y,rt Lender'R optian,obt�in coverege to protoct Lendcr's rlghts in tho Property ln eccord�nco with parograph 7.
<br /> All inwnnco polk:iea�n�!rcnew�l�eh�ll be Accept+�ble to l.ender and eh�ll lncluda a�tandurd mart�}�►�o clau�se.l,cnder
<br /> ahaU h�ve the dght ta hutd tho policie�and ronew�li.If Lcnda reyulrea,Hortawer�h�ll promptly glvc to L.ondcr oll rccciptn
<br /> of p�id premiuins and renawal naticea,!n tho ovent of lo�. Borrawe�sh411 give pr�mpt notke to thc iueur�ncc.conier und
<br /> Lender.L,ender may mwke proof of lou if not m�cle prornptly by Hnrtower, ---
<br /> Uplaa L.enda�nd Bcxmwa athawi�o�groe in wrnin8�in�ur+►nce�xa:eodi ehpll be pppUod to rcatoration ar repair of
<br /> tho Pro�Crty dRm�god, if the reetar�tion ot rcp�ir i� aonamically feaeiblc and L.cnder'e eocurity ia not lesxnai. If tho
<br /> rcu�cu�on or rcpRir ie not oconomk�lly fe,�eiblo or I�ende�'a socudty would be lessenal, tho insuranee prnsr.eda shall bo
<br /> a}mliod to tha suma securaf by thix Scctulcy lastrumen�, whethar or not then due,with any cxass paid to Borrower. If
<br /> Borrower ab�ndons tha Properiy, ar doei+not Anrwer within 30 d�ye e notico from Lender that thG lnsurance cerrier hee
<br /> offered t�s�i�tie a clalm,thon Lender mry copxt the iasunncoproceeda.Lender msy use the proceods to repair or restore the
<br /> Pro�erty or to pay sumn accured by thie 5scurity In�tn�ment,whether or not then duc.7t�c 3Q�dny puiod well begin when tho
<br /> napco ie Aivan. _
<br /> Unlosa Lendu �nd Borrower otheswise agree in writing,any appiicaiion uf{iiu�:cxur ta�%�r��Y:J shall na:ex:end os
<br /> ppaipana the dua datc of thc mont!►!y paymente nferced to in paragrapha 1 and 2 or change thc amonnt of t{►e paymeate.If
<br /> under puagraph 21 tho Propucy us�equtrod by Lender,Bortower'R nght to any inRUrance policies and proceoda reaulting
<br /> from dam�ge to the Propaty prior to the acquie�tion sh�ll pus to I.endu to the extcnt of thc sum�socunxi by tlua Socurity
<br /> Iasirumeat immediately prior ta theacquisltion.
<br /> 6. Oceu , Preaecvation, Maintenat�a �isd Protection ot the Propa�tYi Aocrower'e Loan Applkytbu>
<br /> La�rehoWw orto�vcr shall c�ccupy.e�tnbllsh,end u�the Property as Borrower'�principal ta�idence within aixty days�fta
<br /> the w�ecution of this Security Iaatntmeat and ehaU contiaue to occupy the Prope�ty as Boaower'e princtpal residence for at
<br /> leaat oae yeu �ftu the date of occupancy, unless Lenda oelxiwise agrxs ia writin8, which conseat shall not bo
<br /> unrcasonably withheld,or unless extenuating cu�cumstaaxs oxiat which u+e beyond Boaower's controi.Borrower sh�ll not
<br /> datroy,dam�e or impair tha PrW�ectY. allow the Propaty to deteriorate.or commit wasta on tho Property.BoROwer sl�all
<br /> be in def�ult if any forfdmre�ction or proceedin6,wr�dher civil a criminsl,is begua that in Lendcr's good faith judgment
<br /> could result In forfeiture of the Property or otherwise materialiy impair the Ci�en created by this Securiry Instnuncnt or
<br />_ L,endu's eecurity intaeat.Borrowa mty ctue auch n def�ult and reinstate,as pro�'idod in Par+BraPph 18,by causing the aclion
<br /> or proceediag to be dismiaxd with a ruling th�t�in Lender's good f�ith deteinv�na�ion,F1COCtU(�Gl lO�G1tUTb of t�a Bocm�:er's
<br /> interest in the propaty or otha matutal impAirment ot the liea aesud by dila Socurity Instcument or Lender's sxurity
<br /> interest.Hortower tshall aleo be in defiult if Borrowa. during the loan application procw�,gave muerially felse or inaccurate
<br /> informalion or statemente tn Lendrr(or felled to providc Lendea with any materid Information) in connoction with the loaa
<br /> evidenced by the Note,includln�,but not limited to,reptea�entationa concaniag Hortowu's occupinry of the Propaty as n
<br /> ����� ',�t�Qn�:,Tf chis Secuntv Enatrument is on s let�ehold,Barowu shall camply with�11 tbe pronaions rf the leaae.If
<br /> Bocrowu acquit�ea fa title to the 1'ropaty,tho loaae}►old�ad the foe title shali noi merge unlcaa I.cu3ca«��.��`���Su�
<br /> ��1D�' � If B«rawor fdl� to orm the wven�ata and ��At6
<br /> 7. Prutectbn ot I.wda� Wght� in the Property. P�
<br /> conceined in thiR Securitv Insuvment, or thae is� lega proceedinB lhat may a�B��uY �fect Lendu's rlghta w the
<br /> propaty(auch as a procoedin8 in bankruptcy,probetG,fa coademn4tion or forie�ture or to entora iaws or rcgu�r�iunn},ux�
<br /> Leader may do and pay for whatever is nocessary to protect the vduo of the Property and Lenda's rights ln the Pro�ert .
<br /> Leader's aetionr,mwy ianludo peying eny sume socurtd by a liea which has ptiority ovu thia Socurity Instcumeat,appeuuiB�a
<br /> oourt,paying reaaonahle attornoys'faa and eatering on the Propaty ta make repaus.Although Leader may take wction undu
<br /> this p�ragraph 7.Lenda does not have to do so.
<br /> hny amouats diaburaod by Lender uadcr thie parigraph i sha3:become additional dcbt of Bonowa eecurod by this
<br /> ��f disburoement atlthe Note ae and hall be p�sty ble,twith'm�terestpupon aot�ic�e f m�Lender to Boncow��requeat 8
<br /> payment.
<br /> a. Mo�a�e I��nnce, If Lender requirod moagage inautance as a condition of making the loan xcured by s
<br /> Secwity In�uument,Bo�rowa shall pay ehe prern�usns re9u�i to mnintein tho mortgpge insunnce in effect.If,fa u�y
<br /> reasoa,the mo�t$ago inaurenoo covetage required by Leodcr lApses ar ceasee to be in effect,gomower ehall pay the premiums
<br /> requind to obtam covaage aubatantially oquivelent to the mw�tgage lnsurance p�+eviously in effxt,�t a cost subetaati�lyy
<br /> oqutvelent to the cost to Botrower of the moRgag�e insunacx previously iu►effoct, from aa �tern�te mortgagc ins�ra
<br /> app►nved by Lenda.If subst�ntially equivalent mortgage insurana coverage is not avail�blo,Harowa ah�ll pay to Lendu
<br /> each month 4 sum oqunl to one-twelfth of the yearly mottgage innurance pc�emium bein8 P�1d by Bo�rower when the
<br /> insuraacc covaage lapsed or cea.ved to be in effect.Leader will�ccept,ux end retaln theae paymenta�a lou reaerve in lieu
<br /> of mortguge ina�uance.Losa reserve payments may no longa be ra�uired,at the option of Leeder.if mongage inaoranx
<br /> wverage�in the amount end for thepenod that I.enda toqutres)prnvxlal bY an inauc�u�pp�°ved by Lenda again becomes
<br /> avall&bie nnd is obtained.Bo�rower ahall pay the prernlums requirod to maintsin mottgage inauraace m ef�ect,or to provide n
<br /> loss reserva,until the requiretnent for mortgage insurance ends in accordance with eny written agroement between Bosower
<br /> and I.tnder or applicable law.
<br /> g, Impectfwt, Lender or its ageAt may maka reasonable enttics upon and inspoctions of the Pcopaty.Lenda shall give
<br /> Borrowa notice at the time of or prior to en inspoction apocifying rcasonablo cause for the inspection.
<br /> 10. Coodannatbn. 'I1�e Proeeeds of eny award or clairn for demages, dicect or consoqueati�l, in connoction with
<br /> Forr�3ou!I!o
<br /> t�naw0■
<br /> ��M�o�����) (Page 3 oj6 pader) To OiduCsll:t�OU•t�b93l�OFuetF7�1•11�1
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