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<br /> ` ' AI'l ineuTance poticlee and renewsla ehall ba acceptable to Lender und ehsll include s standard���°r�l recei ts of h�d
<br /> huve the right ta hold the Noliciea nnd reno�vnlo.If I.ender requiree,Aormwer ehall pmmptly gi P P� ��.
<br /> � premiume end renewal nattces. In the event of loa.Borrcwer ehdl give pmmpt notice to the in�urance canier and Lender. �,,�
<br /> Lender raay make proof oFloee if not made pmmptly by Borrower. F"«
<br /> �� Unleae Lender asid Borrower otherwlee agree in wridng,insurwce proceeds shall ba applied to reatoration ar repair of the �,;_,
<br />- "�-% ^ - p�,operty datnnged,if the reswrat3un or repatr is economically feaaible and Lendet's eecui3ty ie not leesened.If the testoraticn ur �.4`'
<br /> npe�ir is not eoonomically feasible or Lende�'e eecurity would be leisened,the ineurar�ca proceed�+ehall be applied to the evms __
<br /> eecured by this 3eeudty Instrument, whether or not then due� wich any exeees patd ta Borrower. U Borrower abandont tho ._
<br /> . � • property�or doea not answer wtthin 30 days a notioe&om I+ender that the insuianoe carrier has otfered to eettle a claim,then _
<br /> . Lender may oollect the ineurance prooeeds. Lender may uee the prnceeds to tel�atr oT reat°re the Pr'°P°rtY or to pety e►ims
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<br /> ' eecured by thie Security Inetrument,whether or not then due.The 90-day period w111 begln when the notice ie given. _
<br /> . Unleae Lender and Borrower otherwiee a8ree in writtn8�anY SPP���on of prooeeds to principel ehell nat extend or poetpone
<br />_ :;`•�y�»+ ths due date of the monthly paymente nferred to in patagrapl�e 1 at►d 2 or chauge the amount of Lhe paymente.If undes
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<br /> ::;�•k';w;�, paragraph 21 the Property ie noquired by Lender. Horruwe�'s rlght W any ineurunce polic[es and prooeeds reeulting m
<br /> �'��'*'• damage w the Property prior to the aoquieition ehall paex to 1+ender Ln tho oxtont of the euma Recured by this Security �
<br />-_:7r.�.�,� Instrumont immediately prior to the acquieition. Borro�ver'� I,om Applleation;
<br /> d.Oooupaaay� Pre�ervation� 1VLintenanae and Peoteotioa of the PropeitY+ da s atter
<br />'=�ii.• � Lsa�eholds. Borrower ehsll oavpy.eatablish,and uee the Properiy as Borrowe ae Borrawer's d nci ��de�for stleast
<br /> • the execution of this Security Instrument and shall oontinue to oaupy the ProPertY 1� P�
<br />.:;�`�: one yeer after the date of occupancY.unlesa Lender otherwise agrees iu wridng,wMch conaent ehall not be unreneonablY --
<br />-- withheld,or unle�s exteauating dreumetances exist which are beyond Borrowe�s control.Borrower eh:dl not deatroy,damaBs
<br />_�'�,���• or fmpens the Propetty,a11ow the Property to deteriurate+or commtt waste on the Pmperty.Burrower ehall be in defaultif any
<br />��--`"�°� fotfeiture actton or prooeedinB,whether civil or crlminal,ie began t ha t in L en a e�'e g o o d f e ith ju d g meat could reault in fo�eiture
<br /> —�'� of the Property or otherwiee mnterlally impair the Ifen created by thfe 3ecurlty Inetniment or Lende�'e eecur�tJ+interes�
<br /> gpn+oWer may ciu+e euch a default and reinstate, ai pmvIded in paragraph 18, by causing the action or prooeedla8 to be
<br />- -- �� - dts:qieeed with a n�ling that, in Lenders �o�t faith 3etarntiis=tfan, PrsclLd"" forfwiture of the Borrov�e�'s intereet in tk�e
<br /> � = Propercy or other materlsl impairment of the lien created by t�i��ecurltY ketrument or Lende�s eecurity interes�Borrower
<br /> ebaII aleo be in default if Horrower,during the losn applicat3on Pmceee,Ba�e i°atenally fal°°°r inaccurate i°format[on or
<br />-- — etstements to Lender(or failed to provide Lender wlth any matede�l inf'ormation)in of the PropertY ae a P�n'xP�redd�nce�If
<br /> Note,including,but not limited to,repreeentat3ons oonoeming Bnrrowe�'e nocupancy
<br /> _ + �{s g��itjr Inatruraent is on s leaeehold,Borrower ehall comply with all the provieione of the leaee.If Borrower acquins fee
<br /> _____ ; t4tle to t�±�1b+c►pert�+,the leasshold and the fee title ehall not mesge unleea Lender egrees tu the merger in wrlting.
<br /> � � 7.PY+oteotion of Iwnder'�Bi�hb ia the Fropeity. !f HoiTOweT{a1le to puriuiul L218 CAV:,A:.�i�LtSta�^reeTtil��tn nrmta�ned
<br /> :� in this S�curity Instr�m�nt,or there i�a legal ptocseding that:nay eignificantly sffect Lende�'s rlghts in the Property tsuch�s•
<br /> ' proceeding ia benkruptcy�pt'obdte.for oondemnation or forfeitum or to enforce laws or regulatlon�),the�a�ned�e�o��
<br /> � pwy for whatever is neoewary to Pmtect the value of the Prnperty and Iaende��r3ght�in ths Property.
<br /> y iaclude P�YjnB�Y nime eecured by a lien which hes priuri�over thi� Securit,Y In�ument, sPPB�riA6 ia oourt,P�►3nn6
<br /> '; rea�onabl� mttomoya' feea and entering on the Property to mako npaire.Altl�ough Lender may take acbon und�r thi�
<br /> � pasegraph 7,Lsnder doe�not hsve to do eo•
<br /> � Any�ounts di�bur�ed by Lsnder under thi�paragraPh�s2��11 bec°me addttional dsbt of Borrower�ecured by this 8�curity
<br /> Inst:um�a�Udee�Borrower e�nd Lender agrae ta othsr temne dpc�yment,theee amounta ehall besr intenst�rom th�date of
<br /> — j disbur�ement at Lbe Note rate and shall be pnyabls,wlth intere�t,upon notloe R�om Lend�r to Borrowsr rs4nntln8 P4Ym�n�
<br /> � s,�O�t�a�e Ia�nesnoa. If Lender required morqge�qs ineuranoe e�s a oondition of m�ldng the loeu► eecurad bY thi�
<br /> � 8ecurity Inshvment,Borrower shall pay the premfum�required w mdnteii►the mortgags in�uraace in efficE.I£for any rsawn,
<br /> • the mortgage innuance coverags rsquired by Leader lapee�or aesee to be in effect,Borrower shall pqy the prsmiums requtivd
<br /> ' to obtain covong�e substantittlly equivalent to ths mortgage inrurance previouely in effect,at s cost subetantial�Y Muivalsnt to
<br /> th�oort to Borrower of the mortgage insure:toe pravIously in effict,flom an alternate mortg�,[e ineuter eppmved by I�endar.If
<br /> . subetaatially equfvalent mortgage insuranca covsrsge ie not avall b leB�rro�ewhen Lhpe f surance coverage 1aP�ed o�r�ssed to
<br /> onrtwelRh of the yearly mortgege in�urance pretnium loein6 P� Y
<br /> — be in egect.Lender will aooept,use and rebain t�►e�e PaYmanti as a loee reeer�►e in lieu of moitgage insurance•Iaow re�urve
<br /> � paymsnb inay no longer be requirad at the optiun of L.onder.if moTtgage inaurance coverage(in the amount and for the period
<br /> -- that Lend�er requiree)provided by an in�urer approved by Lender sgein becomes avatleble and ie obtained.Borrawer�hall pay
<br /> _ = the pnmiume required to nssintain mortgage insuranco ia e�'ect,or to pmvide e las reeerve, unttl the requtremsnt for
<br /> '� mort�age ineurance ends in accordance with any wrltten+�greemeat between BorroNer iu►d Lender or applicnble lsw.
<br /> _�-'��:',� 9,Inspeotion. Lender or ita agent msy make reasoneble entries upon end inspactiono of the Property.Lender ehell give
<br /> ��� Borrower notioe at the Lime of or prior to sn inepecLion specl$ringrea�oneble cause for ths inspection.
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