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<br /> periodp ih�t Lemfer iequircs. 'lt�e Insu�nce cartier providing ihe insu�nce shall be cha�cn by Bortower subjoc�to Leoderl�
<br /> _� _ --- . ��ov�l whicb chall�+t ha un�wbly wfihheld. If Rntmw�r fpil���mAimain roverage descrihed Above.l.et�der mAy.�t
<br /> l.endaXi�apliuo,abt�in rnver�gc to pn►tect I.ender x�ighta in�ha P�ropehy in occard�nca wlth p�rngraph T.
<br /> — MI insurwrce policks and renewal�chwll he acceptaMe to Lender wid ahall im:lude u x�undard mongage cl�uce. L.ende�
<br /> - - �halt have the�ight to hold thc palicies�nd rcnewals. If Lender iequirec.Bomower shall pmmM�Y Bive to I.eoder all rcceipt�
<br /> ''� - of p�id prrmium�and rcnewal notices. In�he event of lass,Bormwe�rhull glve prompt nwica to ihe insunance cartier w�d
<br />- _ ---- - l.cndcr. l.cndcr may makc proof of los.a if rrat made pmmptly tsy Barmwer. m
<br /> ;-�T � Unless Lender And Borrower e�thenvise agrce in writing,incurance proceecls shall he applied to restoration or mpuir of
<br /> ♦�,�,'T'��-'�� the damaged. if the n�storation or repair is economically feasible a�d l.ende�t security is not ler,sened. If 1he r
<br /> � rcsta�or repair is not eea�onaicnlly fea.cible or l.enderk secu�i�y wauld Me Icar,ened, the incurarice proceedis shpll be
<br /> <�'A� �pplied to the�ums secared by thic Security Instn�ment, whelhe�or not then duc,wi�h�ny excesc paid to Sorrowe�. If
<br /> -�"'-�t Bon+ower�bandons the Pro
<br /> _ peny.or doc� not anxwer witBin i0 doys u notice from I.ender�hnt Ihe insurance cunier has
<br /> _ ---- offerod ro settle a claim,then Lender may collect the insumnce prnceedx. Lende�may use Ihe proceeds lo re�►air or restooe
<br />----�"���� the Propetty or to poy sums secured by this Security Ins�rument.whether or not Ihen due. Tt�e 30�►y periaf v►nll6egin when
<br /> .�.�..� i�n;�� thc notice i�given. -
<br /> T;.�� Unless I.erder a�d BoROwer otbenwise ugnee in wd�ing,any application of p�o�.�ecds tu princig�a0�1u►11 not eatend or
<br /> _ __ _�;,•,�. pastpone�he duc date of the monthlY paiyment�:mfemed w in par�grrphs 1 and?or char�e�he amou-a�t of the puyments. If
<br /> ° under pauAgraph 21 Ihe Pmpe�t�r is acquimi by Lendrr.Bonuwe��dch¢t�n�ny uwur.�ace pv�Kies a�ad procada�esulpng ---
<br /> fi+om don�age to the Ph+opentX pria�r ta�he acquisidon sFwll po.<a Lxnder a,the extent ofi cYne'sums�ured by this Security !`�
<br /> : �..
<br /> _-- ��"-'��::�:�T.� Inspument immediately pri.a�tn th�acquisitic►n. --_
<br /> �.. i , f. Ooc�poac}�. Pres�vAdi�n, Afy��nie�nce and PmtecNon ot !�e Property: Borrow�er's l.a�o AppUcatlon; —_-
<br /> I,eacehoids, Bv�rc►wer sl�a�9 actupy.estnb9i�t�,and use�he 1'roperty as 8urrower's principal residen�e K•1�hin sixty days atter °_
<br /> '- •ti' `�_ the acecution of shi�Securis��instmment ar.�? ."�aDl continue to cecupy the Praperty as Bamower4 prirxipAl t�exidence for at �••
<br /> �`'�`v� �' f least one year AtY�r the dnte of accupaxxy, unless Letv:kr dhenvise agrres in wri�ine, which consen� shall aot be -
<br /> ,.,n ;. '.�':
<br /> ="" :� unrcasa�ably w•ithheld,or onles�ettenuu�ing ci�cumstances exist which ure beycxid Borr.►wrr�control. Borrowec sha01 not �r
<br /> � � 'k destroy.damagc ar impair the Propeny,ullow ti�e Property to deteriorate,or commit wnste on the Property. Bornuti+,�r shall ';�
<br />_ �:;.:'� be in cEcfault ii'�e}•£orfei�um aciion or prnce�r�,�fing,whether civil ur criminul,is hegun that in Lende�'.c�ood fultFa a�ra�ment �
<br /> V`� could rrsu�l im fcrl'eiture of the Aoperty or c�thenvise mnteriully impuir Ihe lien creuted by thi�c S�rarity Instr�umerN or " —5:-..
<br /> _ ``4p'� �+_:,; �y.:,'���'�rt, Leode�?s securit;.int.rest. Hmrower rtwy�ure:�ucb a dcfuult und rcin�ta�e,a�provided in paragmph Q;�.^�;rausing t!�nction 5'"
<br /> • � •�=,_•�;���'.• c or procceding to bc dismissed w�itE�a rulin�yhat,in Lender a good fuith detstminu�ion,ptecludes forf'�einure af Ihe p-orrower's ' �:::-'
<br /> , .f� ,,,,�,,�; inte�st in the Pra or�rther maierial im rtnent of the lien created b Ihis Securi Instrument or Lenderl� securlt N��`
<br /> � :� ��1�'""�£ P�Y P� Y n Y . �i:,:.
<br />- � ;f,f int�r�st. Bomnwet shall n0yt� t+� in def�ult if Borrower, du►in�e �he Inan applicatiat� process, gave muterially false or
<br /> f �J:::'
<br /> , inaccurate informa�iun or stutememx to Lender(or fuiled to pro�•ide Lerr�s with uny mutenal informatian)in connection with �+�.
<br /> � ��i'• the laan evidea�xd riv tAe T�a�e. including, but not limited ta, r�pre���naa•iions conceming Borrowerr accupuncy of�he � ��`
<br /> � r���. �� Property ac a Errin�:aµ�ati resi�ence. (f this Securily Instrument i:�on a 1�►uxah�j9d.Borrc�wer shull camply with nll the provfKians •�..
<br /> _'�.l;s! • .
<br /> :��r"' y•?� - uf ti�r lenxe. it��rrrowCr u��guic�.ine iille to ihr Prupc�iy,i'ver ic.isrboki and Ihe iee tidr+nali not merge uniecs i.ende'r z�,�rees —�•
<br /> o..;.:,�:� _�};� �o die.nnerger ln writing. �
<br /> � �?�{ -�s�^";' .�;�� 7. 1'r+otection ot Lender's Rights in the Property. IP Bormwer fails t�� pcefa►rm the covenunts und agreen.rnts �°���"
<br /> ._.t:• ; '� `��`'';�'� comaaned in �his Security Insuument,o� �he�e i� u Iegal proceeding ths+1 may xignii'iranlly c►ffect l.ender's rights in �he �
<br /> '`�� ' Pro n (such As a roceedin in bunl�ru tr., ohnte,for condemnution ur Pnrfelture or to eni'arce la��or re ulutionx),then �r�'
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<br /> ;_�{._�� .,; ..�-i.,... Lcnder may do and pay for whatcvcr i�nrc.:..iry to pratc�t ihe calue oP th� �operty an.i Lendcr2.rights in thc f'ropctty. 4_ -
<br />--.?<.� •y.�,�. ��•-; Lender's nctions muy include paying uny sums securcd by u licn whirh has pranritti a��r thi�Security Instrument,eppeuring �
<br />- -' '•� '��,,:��"• "'�.� �� in ccwrt,puying reusonuble anorneyc:'fec.and entering on ihr Proprny to maEc�r��;+ir�. .although Lender may take action �`°"'
<br /> �::��' ,��•;�:,�`� �� under this purngr�ph 7,Lender dacs not hnve to do a►. es_"�`�
<br /> =?"_':��� :^�q��; :�� � Any umounts disbursed by Lender under ihis purugmph 7,hal1 Ixxn�a�: aAditional debt of Borrnwer secured by �his �.
<br /> -�_;�,��; ,: �r�. •.,; - Security Instrumer+t. Unless Borrowc�and Lcnder vgrre to othcr�crm.��f r.r.mem,thexe amaums shull bear interest from�he
<br /> -- ;�;; . .:� . dete of dislwnement at�he Nae rule unJ shall br payablc,with intcre,t,upon notire from Lcnder to Borrower reyuesting .
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<br /> �'`,r,� ,,.., r„�• .�„ � �. payment. •
<br />-'��• ' .'"'� ` `''" '`� °�? 8. Mort a e Insurance. Ii Lender re uired mort�v� in.uruixe u.�ccx�dilion of mukin Uie loi►n secured b this
<br /> ��ti •,tu�ra:�ri�.x_� �+ 8 B 4 b b� g ►n y �
<br /> �;} ; y,�;,� :• :. Security Instrument,Borrower�hull pay the premiumz ��uireJ lu mainrrin thr murtgnge imumnce in effeci. If, for u�y •...
<br /> ��, ,Sl�.,- ,_,,. .�.�' reason, Ihe mongage inwrunce cover�ge myuired by LenJer lapses or ccu,es w hr in effect, BoTrower shall pay Ihe -_
<br /> ��� ; •'
<br /> r;:`;�_�;!�.• • '•�:..:. • ,, premiums required to ohtain coverrge .ub.�antially cyuivalent to thc m��nguge insurunce previuu.l�� in effect, at u cost
<br /> � , ,i��• -� �;::
<br /> ; r'' L. .=r y 's' subsrontially eyuivs�lent to the cost to Bonrow�r of�hr monga�r insura�.e previou�ly in eff�cc,from an altemote mortgage
<br /> , ����'� "'�``�'���� � t'`�� insurer approved by Lender, If sulr.etuntia04y rquiv�lent mi�n�..��,�inxurartce coverrE�iti not•rvuilable,Bormwer�hall pay to -
<br /> . . aiit;�=� rn..�,�. ,• .. ,. � —
<br /> y�iy..rt-
<br /> _�, ' � ��;" . ;jq„z�,�� � Lender ench month a sum eyual t.�one-a�vr9fth of the yrarly mongugc insur,u�.e premium beinF puid by Borrower when�he -
<br /> �:�-;� "' 3't�;`��'�'�'•'�' insurance covcru e la red or cra�+�<i to he in effect. LenJer will ucrc 1 use and rru►ir��re:•, mrntti a�u los4 rexerve in lieu
<br /> ;�� ��yu��7r� � p•� p. p;�y ��-�i
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<br /> u.ai'4;, i..�,�.t�1�5y�0.ts of mnrtgage insurnnre. Lo.s re�rnc pav�rmeats muy no InnFrr 1►c rcyuircd,:u thr option of Lender,if monguge insurence
<br /> - i � '�`���'"•�a�';f;'�'.:' coverage lin the umount und for ahe nnid ih.ia l.eixler rc uimsl rovidzd h��un in+urer u mved b Lender a mn becomes -
<br />-_ ',.);�r. , Fx� N P rP Y R � ���:
<br /> �, .��;r:. `���,, `�i1}�C avoiluble and is obtained.Borrou•er shall pny the prrmiums requireJ to maintain monga�,:imurLnce in et�fecl,or to provide a
<br /> � � ' �.'�'?'� le�ss reserve,until the reyuircenc�a¢ior mnngage in�uranrc cnd. in accurduncc with um•���itten a�ntimcm betwecn BMrower .�'�•
<br /> �,i` � r�i`'%' . .:
<br /> ' �'� r �.�:l��. t�; ,� .ino.Lender or applicuble I�w. -:
<br /> ��t'' ' •' 9. Inspectbn. Lendcr ur iis a�tent muy mukr reu�nnahlr emnc,u�►n •rnJ m.�xc�ion,ot'thr Pn►prny. Lrn�ler shull �,,ti,_
<br /> . � �'� � . ..�' Sive Borrower notice at tlx time of or pri�,rto an intiprcti��n,Excify ing rra,unahlr rau.e f��r thr in��xrti�,n. �
<br /> �E'•;., • � ,.
<br /> 'I'`;.,;'.:. .�:..',:��.,�.rs 10. Conde�naliun. The prcxred,nP:i�i ti ra•cird or cluim li�r dama�r..dinri��r r�m.ryucnliul.in rnnn�lion w•i�h ant �<:•�_
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<br />!- ���y.,`+t'�,�. � �arat Irtro&W�ta•tms.!m� � � �
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