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<br /> `'G�? periods that Len�ler reyuises. The in;i:rance carrier proviuine the insu:ance s ail be chesen by gorrewer subjc�ct to Lereder's
<br /> ���'�� � �pproval�vhich shall not be unre�se,rably withhe{d. If Borrower faits to ma.ntain coverage described abu�e,Lender may,at
<br /> � I.eq6l�er�� s�e4iOn.Pbt:xin�:ovsrag�to prc trct Lender's righcs in the Ptr�periy in accOtdance•n'ilfi pardgraph 7.
<br /> � ,,, /111 insurance policieA nnd mnewads shail be sccepcat-!-to Lender and shall inctude a r:andard n•ort;gage clause. Lender
<br /> "" ;d`',.� shall have the right to hotd the policies and renewals. If Lender requ:res.Borrower shali promptly gi�•e to Lender ail receipcs
<br /> �``��+'-: of paid psemiums and reneµ•al netices. In rhe event of Soss.S��rtower shall give prompt notice to die irisurance carrier and
<br /> �;� ; � t.endec Lender may make proof of losc if not made promptly i�y Berrower.
<br /> �� l.'nfess Lender and Borro�x�er otherwise agree in wr!:ng,. insucar.ce proceeds chall be applied to mstoradon or rcpair of
<br /> � � .he F'roF?eny darr�aged, if the restoratiun or repau is cti.ott�miceily fzasiblz and Lender's security is not lessened. If tF.e
<br /> ��;�_� ,
<br /> f;•'�:��; resroratian or repair is not economical:y feasible or I_erre��r's �tx��rity would M lessened, the insurance proceeds shall be
<br /> ��; �nplied to !he sums secured by thi� Security Inswmert. �.��nether or not then due, wi!h any excess paid !o E3orrewec If
<br /> �=� Borrowcr ahandors the Propeny. or d�°s not ans.ver ��.;:hin 3U days a notice fit�m Lender that the insurance carrier has
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<br /> _>:�� offerzd to settfe:i claim,then Lenc!er may collect the �nsuranre prcceeds. Lender may usr. the proceeds ro repair or resrore
<br /> �``'�"'�� the Fr�nertv or t:,pa,�sums securec:by this Security Instrument,whether or not then due. '?lie 30.day pe:iod wiii begin when
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<br /> thc notice is erven.
<br /> linless Lender and Borcower othene•i�e agree in writing, any application of proceeds to principal shall not extcnd or
<br /> postpone t}�e due date of the manthiy payments referre3 to in p�ragra�hs 1 and 2 or change the amount of c.he payments. If
<br /> � y under paragryph 2i the Prop�rty is acquired by Lender, SorroWer's right ro any irssurance policies a:�d procceds resulting
<br /> .�}�xi� from damrzge ro the Pro�rty pric�r ta the acquisition snall pass to Len3er to the eztent of the sums sec��rcd by this Security
<br /> � ` Inserumert i����ediatel}�prior to the acqaisition.
<br /> �+` '�''� 6. Occupancc, Presen�ation, 'ltasntenaoee and Pratection of the Propert�: Borra«?r's Loan Appiication:
<br /> �t ;,s,
<br /> r'aa::;,,,,4 L�aseho{ds. Sotrower shall occup}•,establish.and use the Pro�rty as Borrow�r's principal residence within si�ty days after
<br /> j�,� ti7e execution cf this Securty lnsttument �utd ,hall continue to occup�• the Property at Borrower's principal residence for at
<br /> � : � �e a�t o�e vear after tne date of occup:ncv. ❑nless Lender other.:•ise agrces in writin�:, which consent shall not be
<br /> � ' � �.�reasonably withheld.or un(r.s;extenuatin�c�rcumstances exict�ti�hich are beyond Barmu•er'c contml. Borrower thull not
<br /> �`-���� � d�etreti,dama�c nr im�air the Propert��,afl�� ;he Property to dcteriorate,or cc�mmit was,e on the Propeny. Borrower shall
<br /> ��`';'f ` h�� in dcf,iu!t if any farfcitur_ action nr prcx,�d�nc, un�:thcr cicil or crirninal. is bc�un :hat in Lendcr'c goocf fai'h judgment
<br /> ,�; <; c;�i�ld result in forfeiture of the F�o�rty �r othcrv..se male:ially imrair the tien created b; !his Security Instrun�ent or
<br /> I.ender'�securitv irterest. Borrov.'er may c�re s�ch a default and r�ir,state,a5 provided in paragraph 1R,b}�caasing the action
<br /> �, °�'' ° ��:prc�c°ec'.ir;^_:o be dismissed-.:ith a r�ilin€tha!, in Lende:'��ca.i faith determination,�redudes forfeiture of the Borro��er's
<br /> � ��� ;nterest i� the Froperty or c�ther material imp.:irment of the lier•. crea;ed hy this Securit�� ]nstruroent or Lender's security
<br /> � 1*?i2rCSi Borro•.�er sh�ll ai�o be in det�ult if Rorrower, durin� the foar. applicatinn ptcx-ess, gave matetially false or
<br /> �'' in;ccura;e inComiation or statem°nts to Lender(or failed te pro�idc Ler.der with any m:::erial information)in connection with
<br /> '4. thr le�n evidenced by th� Nate. ineludine. hui �ot limited to, representa;iens concemir:g Borrower'c occupancy of the
<br /> '' .' �` ?;c,pertr,�s a principa!resid�ne�. If thi�Securiiy Instrument i=on a l�asei�old,Borrow�er shal[comply with all the provisions
<br /> r, of thc!c�se. !f Borrawer acyuires fre title to the Property,thc leasehold and the fe.°title shall not merge un(ess Lender agrees
<br /> , �� :o?he merre�ir.��ntis�:�.
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<br /> 7. Protec[ion oF Ler�e�Pr's Rinhts in the Propestv. If BoTO«er failt to perform :he covenants and agreements
<br /> � ; contaireu in t'r�it Securih� fnstrument, or ti�ere is a Iegal proctedine that may significa�tly xffect Ler�ler's richts in the
<br /> ! ; 4 Property l�uch as a�rcxeeding in bankruptcy.probate,for condemnation or forfeiture or to enforce laus or regulations),dien
<br /> ��,��r ,,; i_ender may do lrid pa�� fur whateve r is necessan• ro protect tt-�e value ot the F'roaerty and Lender's rigiits in the Prope��y.
<br /> �,.,��:�� L�ndcr's actions may inciude paying any sums secured by a lien which has priority�ver thic Securitv Instrument,appea�inF
<br /> �#'"=•; ,�; ;❑ court, paving reasonable attamey�.'fees and entering or, the Propertr• to make repairs. Although Lender may take zction
<br /> .��, ,�; unJe;:hi�paragraph 7.1_ender does��ot have ro do so.
<br /> = � :�m� ai*�arn±s disbi�rsed h�� Ler,der under thi; paraeraph 7 ch.�ll beco�ne additionai debt of Qorrower secured by this
<br /> K'�"`' ' '� Securitv In,trament. Uniess Borro«�r and Lender a£ree ro other term;of payment.these amou�u shall bear interest from the
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<br /> ,�_.,>, `,„� d:ne nf disburseme�t �t the Note rate znd shall be payable, wich interest, upon notice from Lender to Borrower requesting
<br /> t � 7 �'!7CRi.
<br /> � S. �9ort��a�e insurance. lf Lender reyuired mortgaee insicrarn:e as a cor;diticm �f makin; the lo:m securcd hy thiti
<br /> ' �.� i Securitv Inst:urnent, Borrowe: snal! F a}• the premiums reoui.ed to maintain the mortgage insurarce in effect. If, for any
<br /> ` `- .;� re�.son, the mongage insura�ce coverage reyuired by Lender iapses or ceases to be in effect. Borcower shall pay the
<br /> �, � i,rcrniumc rcyuired to obtain coverace substantiall� eyuivalent to the mortgage insur.+nce pre��iously in effect. at a cest
<br /> t ;x�� ;ubstantialh r_yuivalent to tre c�;t to Borro�+•er of the mo�tgage ins��nce prcvinusly in effect, from an aitemate mortgage
<br /> ��' �"°� -�o�eii ;,�� Lender. If substantiall e ui��alzn�.mort a e insurance cuvera C IS f101��'all�blC.BORGWer SI1�II a to
<br /> u��.� �� in�urer ap�� � Y 9 € € € � ��
<br /> �;c��;�:�rs.t Lendr.r each month a sum eyual to or.e-twelfth of thc ye;uh�mortgage i�surance oremium being paid by Borrower when tNe
<br /> �J§�`;��f. insuranr_e c�vera�e lapsed or ceastd to be in effect. Lender will accept,use and retain these paymenu a5 2 loss reserve in lieu
<br /> �i��"; '"� of mortgace insurance. Loss reser�•e payments may no !on€cr�+�required. at the option of Ltnder. if mortgage incurance
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<br /> �,��f%'��?`:t=� covera��(in th� amount and for the period that Lender reyuires)pmvided by an msurer approved by Lender again becomes
<br /> , ""j;�� `= a�:ai!ahle and is obtaincd.Borrowcr sha{I psy thc premiums required to maintain mortgagc i�surance in cffec,,or to provide a
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<br /> ����,:., �:r; l�»s resene.until the rcyui�eiren:for mongagc in�urar.ce ends in accordance with any written agreement oetwee� Borroaer
<br /> `�`T�, :'x'�'• and Lcndcr c,r a�Pli�ab�e law.
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<br /> � 9. Inspecti�en. Lcnd�r or i:s agent may ma.lc r_a�anable enh-ies u�n and inspections of the }'roperty. Lender sh:�ll
<br /> � 7,a'���
<br /> .�,�; ;i��e Gorrower notice�t ihe time oC or�rior to an inspection�pecifying reasonable cause fnr tne inspection.
<br /> �..�'��,��";� � I�. CoRdemnatien. The proceed�of am award or claim for damagec.direct or consequentiai,in connection wi�.h any
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