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<br /> pe�fod�tl�at l.�der roqui�q. 'R�c uwuranoe earrier pmviding�ho insurartc��hall be chose�by Bottowc�sub)ect la I.enderl�
<br />_ . . --- �_ aqrnv�l wkich ib�Ji not be w�nraw�wblY withtrcid. Ii Bamwe�fails w maintain raver�te descrlbed�bove.l.end�r mwY,at �-
<br /> I.piderk aptiaa,o6hin aaveage ta proteet L.eitderk d�h1K in Ihe Propeny in acconlAnce wllh pati�ph 7.
<br /> All iRSUrance poUcies and renew�lx�lull he�oapipble to Lender and�Il lncluda u ntandard ma�tgaAe clawe. Lende�
<br /> _ Alull luwe the d�llu to hold�ho paUcies and rcnewrlc. �f I.cnder rcquirrx.Borrowe�xhull pmmptlY 6ive to l.cnder all rcrciptsti
<br /> -�--° --_= of padd premiums wxl rcnowal�wtices. In the ev�nt af loss.R�irtawer xhnll$ive pmmpt notice ta�he insurxnce cu�rkr and —
<br /> �_ - -_ _— 1�lr�: L�ct�dcr may ma�c pncscsf af tass if not made pramptly hy Bnrmu�a. �
<br /> _ Unless LendeP And BorroK•er nthenvise Ag►ee in wrltiog,in+urunce procenl.r rholl be applfed to rc�trxatlnn ar�eppi�of
<br /> -- - - the dont�ged. if the�extcxation w r�epair ir e��unumi�ully fru+ibl� uml Lrndur� areuri�y is nw Iar+ened. If the G- -
<br /> "k, �ecto�ar�i�is na�oconomically fea�ibk or Lenderk security woufd!+e lessened,the iasurw�ce proceeds shall be
<br /> epplied to�he sums socurcd by�hix Secudry Instn�meM,whether or na1 tl�rn duc, with uny cRCes�pnid to Borrower. If Q;_
<br /> ' Horrowtr abAndans the Property,or doew not unawer wl�hin:�U doys a naice from Lender thnt the in�u�ance carricr bns —
<br />--- ------ o�'erod to settle a claim.ibeo l.ender mny calkct the insumnce pmceedh. Lender muy use ihe proceeds lo�ep�ir or nestore
<br /> ., the prope�ty or�o paY siuns s�ocured by Ihis Security Inswme�u.whetMr or not Ihen due. The;Mluy pe�iod will begen wlien �•�
<br /> ---- - - --- 1he notiec is givea. _-
<br /> : --- -- (lnkss l.ender and Borrower pMrwise �grce in writing,aoy a ecutiore of pr+ocreds to principul shali not extend or c
<br /> . � _____ _- _
<br /> ---- poslpone the due date d'the mauhlY Qayments refetred w en paragr,y�is 1 and 2 or ch�tgc the amaunt of the payimenls. If ��
<br />-"c �mder pangraph 21 the Rvperty is s�cyuircd by I.ender,&�mowe�'�ri�h�a An�• insurunce NoNcies and pro�roeds rcsulting
<br /> f i o m d a m age w�h e P r o p e ny priar la t h e acquis i tian s i w l l pcus to Le n d e r la t h e ex ten t a f�h e s u ms s e e u re d b y t l u s S e c u ri t y �"`
<br /> ;,si Ir►cdumrnt immediately privr to the acqwsition. 'r'y
<br />'=j5' 6. Oocnp*ncy. Pr+eservatbn, MAiatenwnce s�nd PrWecUut� o! the Prope�ty: Borrawer's I.oaa A�plkatloo;
<br /> I.dseboWs. Bormwer shall arcupy.establlsh.und usr�i�e i'ropeny us Borrower?�principnl rc�idcnce within�ixty dnys after ''-
<br />°= the executfan of thi�Security Instrume�t und ahall cantlaur to�cupy the Pmperty as Borrower�s princi p a l rmxiJenee for at -----
<br /> -;� least ooe yes�r after the date af occupancy. unless Lendar ahenv�se vgree4 m wnting, which cansem ai�aii ua i� w-=
<br /> _ unreasonably witbheld,ar unless extenuuting circumslunces e�ist which ane beyond Borrower ti control. Borrower xhull not �';�:
<br /> ; � �,` destroY,damaUe or impair the Pmperty.allow the Propeny ta deteriora�e.or cammit wa+te an tbe Property. Bornower shall �'
<br />�;r;� be in default iQ'any forfeflwie actian or proceeding,whether civfl rr c�iminal.is begun that In l.eoder's giwd faith judgment �-�_
<br /> or ahenvise materiull im air Ute lien created b �his Securit lnswment ar �:'�
<br /> ' ,C�e,.9 ,f,. ..
<br /> could result in fc►rt'GUure vf�he Pmperty Y P Y Y
<br /> ;�,�. �, ' I..rnder�secudqr intemxa Burrower muy cure such a dekauQa And�imtate,nr�provided in parog�uph 18,by cuusing�he uctian
<br /> *�^.�,,...�,,.,}.k��' . w proceeding ta�be disrroi.ti:�d with a ruling thot,in l.tna�rr�pood faish detemiination.prrcludes forfeiture of the Borrower's �,-
<br />-;r:, a ` '�"',Y;�1��•+ � �intet+est In t6�e Pir�o�' or,ather materinl impnirn�nl �S the lien created by this 5ecurily M�uument or Lender's security �-
<br /> ''r �•`^ ''' ��;' interest. Bormri�er ahAi➢ also be in default if Borri�wer, during �hN loun opplicatian procesr, gave moterially fal.se or �
<br /> '�'� �,;�r. ' � inoccurnte ioCc+rmn�ion ar s�otemer.ts to Lender 1or fuilec9�a�rovide Lender with any mo�eriul infamation)in connection wi�h �-� �
<br /> •�'�''.',";: �::.
<br /> ��� • the loan eviule�nced by tfie Nate. including, bu� nm Idan�t�ed to, repre�emations conceming Borrowerk occupuncy oF the
<br /> �:`� �� Rvpetty a.g a ptincipal residence. If Ihix Securiry Ins�ran►ent is on a leasehold.Bomowcr shull camply wi�h all thc provisions �:
<br /> ----- -- - ' :►f it�iea�. �P fiarrower acquirs t'cc tislc io tl�c E'soperty.the leaxehald:end�he fee tisle sha!!rsos merge unlexs lxndcr sgs�es _.
<br />-'' •� �+'"• to Ihe tnetg+:�in wriling. `�-`-'
<br />���} � .,, . ' , �'� � 7. i'rat�eclion of t.ender's Righta b the Property. If Burrower fuils to pert'orm�he covenan�s and agreements --
<br /> � h � cantalned in thia Securin lnstrument,or�here iti u I��al proceeding Ihu� muy xignificunlly p(fect Lender�righls in �he
<br /> �.+� { �}h?�„�..<< � _._.
<br /> � SF:�'"'^�'r ' ' Propeny(such ae u proceedin�in bunkruptcy,probntz.fvr condcmnatiun or forfci�ure or tu enforce laws or regulatians),then ��r"`�
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<br /> i � ' ' 9.ender may da and pay far w•hate�•cr i:;necc�sary tc►�rnt�rt the��alue of ihr Pr�+�en1�and Lender�rights in�fi�Qrnpeny. '�
<br />'-"� ' � ' Lender's uctionR mn include in un +um�ucured by a lien which hus riurit .�v,2lhis Securil Instrument,A arin -`�'"
<br />:',z? . � � � Y I�Y S Y� P > Y PPe � .
<br />`��'.i. ' '' in coun,paying reasonuble Attomeys'feex und entering on thc Pro�rny lo make r�puirx. Al�houah l.cnder may take action ����;�;
<br /> ;' '': " under this aru rn h 7,Lendcr does not hove to dc►w. --
<br /> P B P �,�_-
<br /> `��:r� ° � Any nmoun�s disbursed by Lender under�his pua�a��ph'�hu11 tkccxnc addi�ional debt of Borrowcr tiecurtd by this -
<br /> �'"•'��''� � � Securit Instrument. Unlcss Borrower und Lender ugrc�:�.*rnher terms of payment.ihere amountx xhall bear interes�from�he R��.S:`
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<br /> _;� ;���� ��',�>�•' �=� c�ate of disbunsemen/ut the Note rme und+hall bc pn}ah1c, wiah inrrrext,upon notice from Lender to Bomow�r requesting ':.�,
<br />:"�'.J .�t.� �. �:�{� •,�
<br /> ``' j � payment.
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<br /> ,,(ti 8. Mc�tg,age Insumnce. lf I.cader reauimd mur�guge insurance u.a condition uf mal:ing the loon secured by�his
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<br />,,.Af , �,'r .�,, . ,.,: Security Instrumem.8onuwer shnll pay di�� premium� requircd�o muin1uin the mortsage insumnce in effect. If,for any �,�
<br /> �'i` ' �'.•^�` � reason, the murtgoge bsurance coverugc reyuired h}• LenJer IaFne� ur cea�r. lo be in effect, Bamower shall pay 1he ,���_
<br /> ��' ��'`4 P re9 S ) 1 F R p Y � �
<br /> ,�;��'" ''` L�" ' remiums uired lo o�hta�r� coveru e sub.tuntiall� e<uivalent lo Ihe mort a e in+ur•rnce reviouxl m effect, u� a cost �
<br /> :a•: ��:�<j?;,�'rpt�'
<br /> ,. �, a,��;l,F.� �:j.., substsintially e quivalent tn tl�e co,t to Borrower of�he mortgaFe insurunce previouxly in effect,from an ultemate mortgage �°.' '
<br /> •�- •4 � � }�'�"��t •t, insur+er approved by Lender. If xubsluntiully eyuiv�lcnt mungage in,urunce covcruge i,not uvuilahle,Borrower sholl pay to �_
<br />_'i: �'�;:•.�; :,'c
<br />.-,R�,�, „, . y� ,;,; Lender eacf�monlh a sum eyual lo one-twelfth of the yc:uly mon�ugr insumnce prcmium Ix:ing paid by Borrower when the �-._
<br />•:�, �"�'�'� �'' � insurance wveru e lu seci or ceu�d to he in etTect. Lender will�ce t,use und rc�uin the�e a rnents as a loss rcserve in lieu
<br /> _� .r,::,I:. � P P P Y 3�.
<br /> .,i of mortgoge insumnce. I.o.sy rt��ervc puymenlx muy nn lunger he rryuired.•rt�hr i�ptiun of Le�ier,if mortguge intiurance �=�
<br />';�,�: ,t' .� �i, ';l:.•r�
<br /> ' ;��4 ,�� coverage(in the amount ar�d for the period Ihat Lerxk�n�yuireti)pmvided My un in�urer.�pproved by Lendor ugain becomes �'�_
<br /> =;.,i er� ti�,• .` �,,��' nvailable and is obtAine��.8orrower shull pay thr prrmium�reyuiRd�o muintuin mo�gaFe insurance in effect,cx to provide a �--
<br /> -- � �'��:� loss reserve,umil the rec iiu�ment for m��n n �insuranre endx in arrordunrc with un written��crcement hetween Bortc�wer
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<br /> '' � 4�,; ond Lender or i�pp)l�nble lvw.
<br /> �, k''+`" �"i� n -
<br /> , �� ,.� S 9. InapecNon. l.ender or i�s n�;ent m:�} make rea.onablr entrir.u�xm:u�d insp►x�iims�,(i;re Pnipeny. Lxnder shull �`_
<br /> .,. .�rr..:. +�':. _«
<br /> .j� , � �, give Borrower notice ut afi:e time of ar prior io im inhpcciion.�xcifying rcawnuMc cou:e fur ihe inspec�ion. �i.`�;�
<br /> " �.:l� �'��.�"'•:�,',.�;� 10. Condemaulloro. 'i'he pr�ticrds nf un�•uW ard��r rlaim tiir Jumugrs,Jirect or ron+eyuemiul,fn cnnnectian wilh:u�y ';��,:
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