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<br /> iacludlnII flaoda or floodln�.for which Lender requires inswr�aace. 'thia i��nA����maMtained in tde araounts and -
<br /> '.` fot the perlods that Lendertequires. The insurance carrtea provlding thc insuraztce shaQ be chosen by Borrower subjest►o _.
<br /> Lendet's npproval which shaU not be wueasonc�bly wttl�held.lf Borrower fails to maiatain coverage descrlbed ebove,
<br /> �. Lcnder may,nt l.ender's opiioa.obtain covernge to protect Lender's r�gbte(n the Praperty in ascordence with pFUagrnph
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<br /> � '; All insuraace policles snd renewals shap be soceptablc to l.ender end shall iaclude a standerd mortguge clause.
<br /> � Lender ahali dave the right to kold tlie poRcies and renewels. If Lender requlrea,Borrower shall pmmpdy give to Lender
<br /> ., � �" ;6,; all xcxzipts of paid preiNums n�cd crue�val rt�tioc.w.in the event of loss, Borrower ehall give prompt Rotice to the in�urance
<br /> carrier and Lcnder.Lender may make proof of loss if aot naade promptly by Borrower.
<br /> Unless lxnder pnd Borrower otherwise agree in wrtting,lnswmnce pmc�eda shaU be applied to restoration or repair
<br /> o��,,,��1 of the Property demaged, if the resYotation or repair ia eoonomlcally feasible and I.euder's securIty ia aot lessenecl.If the
<br /> . J! restoration or repair is aot economicaUy feasible or Leader's sxurlry would be lesseaed. the insuraace proceeds shall be
<br /> , npglled to the sums secured by this Seeudty Insuumeat. whetder ot uot then due.wlth aay eacc�ess patd to Borrower. If
<br /> , s Borrower abandons the Property,or dces nai aastver wittdn 30 days a notice from Lxader that the Insurauce carrler has
<br /> •� ' offered to seale a claim,then Lender may coUect the insuraace prooee�s.L.ender mqy use W e pmceeda to re pair or restore
<br /> b the ptoperty or to pay sums secured by this Securtty Insuvment, whether or aot We�a due.T he 3 0-d ay pe dod wAI b e g t n
<br /> " ;� when the no@ce ia ven.
<br /> �^ UWess Len er and Borrower othenvise agme In writiug,any applicatioa of proc�eds to prtucipat shell not extend or
<br /> postpone ttie due date of the monthly payments referred to in para�rapha 1 and 2 or change the amonnt of the paymeats.If
<br /> �� under aragragh 21 the Aropert�+is acquired by Lxnder� Bomower s rigbt to aay inauraace poliales and pmceeds resWting
<br /> from e tu the Rnperty►pnor to the sequieition shali.pass ro Lender to the eateat of the swns secured by this Security
<br /> Insuument ly prlor to the acquieittaa.
<br /> - - 6. Oocupancy. Preservatfon, Malntenaaaa ana�Ihmtectton of ehe Pro�erdyi Boirnwer's Loan Application;
<br /> Leaseholds. Sorrower shall�occuPY.establish.and ut�a tbe Pmperty as Boxrower a priaclpal residence wlthin sixqr days
<br /> after the e�cecudon of tt�is Seeurity Instrument ead shall�contlnue to accupy the Propaty es Borrower's piincipal res�dence
<br /> for at least one yeaz after the date ot ocxupancy,unless I.eador otbetwlse agc+ees in wciting, which conseat shaU aot be
<br /> unrrasonably wittrbeld,or ualess extenuatiag clrcum.4taacea e�cist whicU.are beyond Borrower's control.Bom�wer sbail aot
<br /> desuoy. �ge�r Im�air the PropeRy.allow the Property to deteiiorate. or commit waste on ttte Properiy. Borrower
<br /> � shall be ia�default if�� forfeitnre action or proceedin�.whether civil or crimiaal, is begun that in Lender's good faith
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<br /> �_ udgment could result m Forfeiwre of the Property or othenvlse materlally impair the lien creatod by tLie Securlty
<br /> or Leader's s�:un�ty iaterest.Borrowermay cure such•a default end reinstate.as p.nvIded ia paragtaph 18,by
<br /> causiag the action ar proccedin8 t4�dis�aissed with a n�ling that, Eu L.ecder's gaod faith dletemunadan� Precludes
<br /> forfeiaire af tQe �oaower's intetest�n tha Ihnperty or other materiat impairment of the lien crn�tad by this SepuIry
<br /> ,„' Tnsuument or Leader's secudty iatei+e,st.Borrow�es s6all also be ia default if Borrower.duriig the I�n appllcation process,
<br /> - .. .. gave materlally false or inacxurate information or siatemeate w Lender(or failed to provide Leader wlth aqy maierlai
<br />- :'- '•'"'�� iafomoadon)in vonnection with the loan evide¢ced by thB Note including.but aot tamited w.representadons conxrni
<br /> ':�•,�:;�:ht.<� Borrower`s ooc�gaacy of rhe Praperty as a principal�rasicirrr.uc.i�:.i��w-�ty I���ti is oa a 2casrl�c2�,&srrs�� ' _
<br /> 00mply wlth a�.o�e pmvistons of the lease. If Bomuaer aoqu(res fee due w the Pc+�pecty�the IeasehoId and the fee titte
<br /> _;.-- -""�.� shall aot merge�mless Leader agrces w the mager in aridng. .
<br />--=R y�;., 7. Prute��of L�d�'s Rights in the Property. If Bomoa�r t�ils w petform tbe covenants aad .
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<br /> �j';}t ,�y 1
<br /> ��..;��eza� contaiaed in tWs�Sec.•ucitY dnst�iment, or there is a legal pnooeeding cZtat ma si�tly affect Leader a rl ts Ia the
<br /> -''-s�`'`,<. •_ . ProPertY(such as a prooee�iing in b
<br /> .:.,;.�.: anlaupuy.Pmbate. fur condemnatio�ar rf�4u�e or w enforce lawa or regulations),
<br />` LL::';�t;.,- Wen I.ender may do aad pay for wLatever is neoessaty to pmtect fhe a+a]uc of t�e 149�nperty and Leader'srIghts ia the
<br />_�.:;�i��,;;c ' Property. Lea�a's acdons msy includo paying any sums securel 6y'a lien which has prIoiety over th(s Secudry
<br /> ,�,;y!."r � Insuument,a�e�uing in court.paying rea�anable attomeys' fces aBd entering on the Property ta�make repai�.Atthongh
<br /> - T�'�� Lender may tatce acxion under thisp�p h�7;Lender does not have to do so.
<br /> -`. ,� Any amou�s diabu:sed by Lxnder uader this para�aagh 7 shall b"edome additional debt of Borrower secured by this
<br />__.r�r'S��,�� 5esa�rity tnsuumen�Unless Borrower aad I.ender agm�¢o ather temns of paymeat,these am�ot�ats shell bear intcs�st from
<br /> �---•=X�=�- the date of disbursement at the Note rate and shall ba payable, with interest. upon aotice from Len�er to Bamower
<br /> :'""v.— requesting PaYatent• .
<br /> �.� 8.11i�,ftgage L�suranoe. If I.�der sequired mortgage lasurance�a condiHon of making the loan secured by this
<br />--;:_�,�-�+g�� Securlty Insts'ameat.Borcower shall pay t4i��remivaos nequiscd to maintaia ttes mortgage insurance ia effect.lf.for m►y
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