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<br /> Honower shull pmmptly dissharBe any lien which has pdority ovrr thIsc Secudty Insdvment unless Borrower.(a)aBmxs �
<br /> ' � ! in wridng to the payaeent of the obltg�tdon aecu�ed by the lien in A munner scceptable to Lender.(b)cont�4g in good faith the
<br /> _. lien by,or dafends a�ainst enforcement of the Uen in,le�al proccedinB�s�vh(ch in the Lende�s apinfon opernte to prevent the €
<br /> . enforcement of the lien;or(c)secut�es fmm!he holder of the lien en og�eement�atisfactory to Lender subardinaung tho tien w _
<br /> � , .� ; tbis Securiry InstmmcnG If l.ender detesmiaes that any pait of the Pmgerty is aubject to a Uen which may cttWin priortry over __
<br /> � this Security Instrument,Lender mtsy give Borrower a notice Identifying the lien.Bomower shal!satisfy the licn or uike ane or .:
<br /> ;��K more af the acdons set forth above within IO days of the giving of notice. -
<br /> S. Hnzard or Property Insurar�ce. Bomower shall keep the impm�ements e�ow e�dstin�or hereafter ecected on the
<br /> '' Pmperty ins�u+ed against loss by fire.hazards included withia the term"extended coverege"and eny a t her h a z a r�s.i nc lu d�n 8 -
<br /> � tloods or tlooding, for vrhicb I�ender requires iasurance. This insu�ance shail be maintained in the amouats and
<br /> t for the periods that Lender requIres.'[tee u�surance c�a�ier provIdin�the insurarece shall be chosen by Borrower subject to
<br /> � i Lender's appmval which shall not be un�asonably wlthhetd.If Borrower faila to ma��tain coverage descrihed above, I.ender
<br /> � may.at L.endets optton,o�tain coveiage to pmtect L.ende�s ri�hts in the ProFe�ty in accordance wIth paragraPh 7•
<br /> All insurance pollcies and cenewats shaU be acceptsble to Lender and�t�all include a standand mortgage clause.I.ender
<br /> �' ' � shall have the right W hold the policies and nenewals.If Lender reqdires.Borrower shall prompily�ive to Lender all receipts
<br /> , � of paid gremiums and reaewal notIces.Ln the event of loss,Borrower shsll give prompt notice to the irtsu�ance caRier and
<br /> :,,;.�`::,.,� ! Lender.L.end:r may make proof of loss if not made promptly by Borro�ver.
<br /> Untess I.ender and Bomower otheewise ap,oee in wridng,insurance proceeds ahall be applied Lo restoration or repair of
<br />,��%�, . � the Property damaged, i�tha �estoradon or repair is economically feasible and Lender's securiry is not lesserted. If the =.
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<br /> -.y,. , �stotatton or repair is aoi ecnnomicalty feasible or I.enders s$curity would be lessened,the tasurartce proceeds shall be
<br /> } applied to the sums secured 6y this Se�urity[nstiument, whether or not thw due. with any exaxs paid to Borrower.If
<br /> �
<br /> " i Bon+ower abandons the Property, or does not answer w(thin 30 days a notice from L.ender tliat ehe insurance caniec has
<br /> •°{�:`.'�'�'� i of�'ered w seule a cla(m,then Lender may collect the insurance procceds.I.ender aaay use the procect�s to repair or c+estot�e the
<br /> . � < � Property or to pay sums secured by thls Security Insdument,whether or not tNen due.The 30-day pertod wip begin�vhen the
<br />':�;d;r�. nodce is given.
<br /> =`��:�:'�-�''�� � Unless Lender and Bomower otherwise agcee in writing,any applicatian of proa�eds to principat shall not extend or
<br /> -_���� � lx�.cr�,nne tha dus�late of the monthly paYments refemed to ia patagraphs 1 and 2 or change the amaunt of the payments.[f
<br />-^�=�=�'+' under paragniph 21 the Propeity is acquired by Lender,Boirower's right to any insurauce policies and proc�s resuidng
<br />';�;4�'�i* ', fiom damage to tha Propeny prior to the acquisition shall pass to Lender to the extent of the sums secuned by this Security
<br /> �::�,:�. � ' Instrument immediately�'cav�a�the acquisition �
<br />---`�`�:� -' � ; 6, Ooaspancy, Pr�ervsHon, Maintenance and Protection of tlie Pcop�,r�vi Borrower's I.oaa� App�icatton;
<br /> -�"„ � I.easzholds.Borrower shall occupy,estabNa�,and use the Property as Borr�wer's principal resldemoe a!+tt►in sixty days aft,er
<br />_ � �-�—i�;. the execution of this Security Instn�ment and shall continue to accupy the Property as Bonawe�s pi�n:clPal�es►denoe for at
<br /> W-`�'�1` ' ,ieast one year after the date of occupancy, unless Lender othenvise agrees in wcieing, which consent shall noi be
<br /> �t�•�r.. ' •:unt�asonably withheld,or unless extenuadng citrumstances e�cise wMch ace 6eyond Bomnwefs contrnl.Bo�wex shNl not
<br /> -�_ � '�destmy.damage or Impair the Property,aliow the Propeny W dP.teriorate,or commit waste on the Property. Bomower shaU
<br /> --=-=�,} ; be Qn default]f mn,y fo�feiwra action or pmceeding,whether civil or c�iminal,is be�un that�n Lrendefs good faith jadgment
<br /> -"--- coutd tesulc in,faifeiture of the Propercy or otherwise materially impair the tien created by tbis Security Insttument or
<br /> � I.ende�'s securtty incems�.�dt+xmwer may cure suc6 a default and�einstate,as provided in paragraph 18.by causing the acSon
<br /> ---M=-- ;�ar proc�ing to be dismisse<D'with a tuling that,in Lendei's�ood faith detenaiaatIon.precludes:r�feiwre of tho Bomowe�s
<br /> - � dnterest ia the Propeity oz niti�'material imPa�ment of the tien created by this Seauity Instcuraent or Lende�s security
<br /> � ��� iiNeresL Honower shall alscsbe in defaolt if Bocmwer.during the loan application process.gave materiaUy false or inar.c�rate
<br /> infoimatlon or sta�ents to Lender(or 3efled w provide[.ei►der with aay material infonnadon)in mannection with the loaa
<br /> -- ..e++idenced by the Note.including,but nnt Ilinited to,nepresentatIons conce�nin�Bomowe�s occupaa�cy of the Property as u
<br /> —�4� �.�prl,nc3pal iesideac�If this Secntity Instrum�nt is on a leasehold,Bomower shall comply with aU the�irovisions csf z�leasc.If
<br /> _�_ '�$ormwer aoq�Ires fee title�.to the Propexxy,the leaselio2d and the fee title shall aoi merge unless l,ender agrees to Qi��nse�er in
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<br /> �� 7. Protecilon of I.en�er's REg�ts tin the Property. If Bompwer fails to pafrnm the oor�e�►anis sutd agoeements �
<br /> -- _—•s coptained in this Secucity In�wment, or there as a legal Qmceetiing that may sjgnificantly aflFe�,i i.endec's rights in Phe
<br /> -- . Propeity(suc6 as a pioceadic►g 5n bank�uptcY•prot�ate.for oondemnation or fodeiwm or to enforce laws ar regulations),then
<br /> .�- -� y Lender may do atQd pay for whatever is necessary w protect the value of the F�ape�iq.�nd L.ender's righis in the Prope�ty.
<br /> _--:�,;,�� ; Lender's actions may iaclude paying any sums secured by a lien w6ich has paiority over this Sasurity,�nsnumem,appearing u►
<br /> _{=:y'�� ' court.Paying reasonabte attomeSrs' fces and enterdng on the PmpeRy w make�epair�.Although Lcxs3er may tttke sctton under _
<br /> -`r`.';,e�,�; � �S P�B�Ph 7,Lender dces not have ca do so.
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