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<br /> ` . paiods ui�t Lmder�ui�es.�1be i�naoc��provi�ns tI�insoraooe shau ba eh�san dy�asmvrer subjoa�ima�a8 '. ` .
<br /> approval whkB shaU not.�e ura�ac�o�bly withb�W. If�Bott�or�vec fa�s tn mam�in o�veiagc descri'bed�bove.t.ender�ra�y.at
<br /> � � I,eodecis aptioat.olyain rairets�e w�Irendet's nglus m at�e Fcapecty ia a�oaocdanoe with puag�aph 7. ` � , ' ,
<br /> All eruurance poGc��d redewals si�l!be aooeptabk to La�da'and sball iactudc a stand�ad mortgagt ctaus�. I.ende� '
<br /> ' s6all bave dx rigl�t to hold tHe policies and�aiewals. V I�ender roqu�Bamwa s3�a1!pcanptly 8ive to i,enderatt ia�espts �
<br /> of pud pFrmfitm�c md iemwal� �n tht evsnt af`1ou,Botmwer sLsIl gWc pmaipt notioe ta die ins�anoe carrier and
<br /> � , �• i.endcc•Ls�der i�9 m�Pf'o"of�f toss if n4t m�dt p�cm�ttY i!YBo�iuwa: _ _- , - , - , -
<br /> � un�ss s�enda ana aonogrer ut6etw,se�in writiug,ms�nm,oe pmoeeas shall bt�to iesta�tioa-or�air of
<br /> the Ptoperty d�rnag�ed,if t�be�estorntion or�epeiri4 toonqaricaliY fws�e aM l�ender'�savcity is uat kssenal.'If the
<br /> t�esoormian or npair is not eoonomicalty fe�sa'bk ot l.ea�er's se{�uiry Wuuld be lesse�kd.the ins�r�ark�a p�oaeds sl�lt be � '
<br /> �ppGod�w the smps sdcuad by this Serauiq►�wf�er nr�then dne.vrith anY e�oeas P�id w 8atu� If .
<br /> °= _ � $amwet�andons the Pto�ty.or does rot�mswer withu�3b days•a notice&on►l�der tlt�ihe�carrier�as
<br /> ` offecod w setile a claim.that Leader may coIIect the�e puoeeds. LenJer ma�?use the pmoeods to tepaor or�stone ` .
<br /> the punpeEty_or w pay swos sacu�ed by ihis'Sece�Yity I�pnent,wl�e�ecar not tlxn dt�c Tt�e 30�day period will begin�rhen•� .
<br /> . tbe uoiice is given. ` � .
<br /> ,�� � . �� Uatess Ltaider anc�Borrower dMwise agroe in writing,any application of p�oceeds w prineipal shal!noE�7ttad aR
<br /> - pustpone the due date af the ma�hlp payme�s�fettod to in pa►agaptls l ud 2 ar d�nge th6 m�iomit of tbe�ayaseats. 1f
<br /> :� � �der p�ag�h 2�'d�e Ptape�►is�by-t,enaer.s«sawer��ght w eny m�a��Or�cies ana pcoce�ns�,tw,g
<br />- ftnm damage to the Property prior to the acquisition sltail'pass to 1.ender to the extent of tbe st�s'secured by t6is Sxurity
<br /> ` � Instrument i�o�atel9 Prior w thF uisitioa- ' ' ' - � '
<br /> -='.� - ' 6. Occup�c�, Pre�vadoo,��asd Pr+�eHos ot tie Propert� Ber�ra's i.a�a Applia�ioq: .
<br />-�:- ,i�s3ei�ofds. Bormv4rer slrall accupy,estaltlisl�and nse t6p Ptopeiiy a's Bcmower�s princip�ri r�esideace wid�in sixty days stRer .
<br />_. . tl�e e�on of this Secarity h�strument au8 shali contin,ue to a:cupy the Pr+npeny as Aorraw�er's pnncipal�esidencc for u
<br /> �:.,� ', lrast�une year atter the date of aocopancy, unless I.ender otber�vtse agoees in t•�rlting. wluch c�nseru shaU not be
<br /> - wimasaqabiy vrithheld.a untess exta�aating cin�exist afiic6 a�e beyaad Bortower�canuol. Homower sbaT!not
<br /> �destroy.dama8a or imP�ir the PMpenY.allow the Pi+aperty w deteriorate,or cortnnit waste oa the Firoperty. Borrowa sliall
<br />_ . ' . bo in defauh if any forfeitune action oc pmoe�ding,whether civi'I or crimmal.is 6egun that in Lender�s good faiil�jndgment .
<br />' = cauld�it i�i fa�eit�e o�the Ptapeaty�at5e[wise.materlaUy-i�lpau qte.lien c�ted b!!this Ssauit�! I�nx�t!x .
<br /> - l.ender�s secunity inDenes� Borrower may caue such a defautt md teinstate,as providod in pa[agaph 18,by csusiflg ttie actioa . •
<br /> � or proc�ding to be dismissed with a ruGng tha�in Ixnder's good faith detertnination.Precludes forfciwre of the Barmwer?c .
<br /> , - ^- inta+est in d�e Fmperty or�hec material impa�m�eat of the lien c�eated by tttis Socuriry In.unrment or Lenderh security --
<br /> .��::=:�'�r T�--. imenst. Bonawer � also be in defauft if Borrower. dnrin the Man applicaaon /��yy��� ve materiaily false or
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<br /> - ,;�-,,� inaonirate infprmation or state�neats w l.ender(or failed w pmvide Lender wltt�any material iafonnadon)in conneetion wlth
<br />- : � the loan evidenced by the Nou.including;but not limite�,w. tcPresentations conceming.Barnwds occupancy of the
<br />- Property as a principa]residence. If this Sa:uriry Insdturneni u on a k�asehold.Bormwer sha11 comply wlth sU the provisions .
<br /> < - of the lease. If Bocmwer acquires fee title w the Property,the IeasehoW and th�fee title shall not merge unless L.ender agees
<br /> = _.:�_ w the merger in writing.
<br /> - "�� ' 9.. Proteetbn d l.ender's Rig6is in tLe Pmpert� If Bonawer fails w perfomt the coveaadts and agncements
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<br /> -. .� ��'_;,;j: eohtain�ed in dus Seae�uiry �b or ttiene is a tegal pmca�ling that may sigmficantly affect i�enderh iights.in d�e
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<br /> (such as a proceeding jn�ptcy,prabate,for condemnauon or forfeittve or to enfrne laws or reguladons).then
<br /> - . - � l.en�may do and pay for whatever is neces.sary to protect 1he value of the Praperty aad l.ender�tighu in the Ptaperty. ' =-
<br /> . . � . ro Lender's actirnu may irtclude payittg any sutas sectmd try a liet�which has priority bver this SecurIty Inswrt�ent,aPP��S , �`=-_-
<br /> - in court,paying reasonable attomeys'fees and entering on tha P►uperty to make r+epairs.Altiwugt�l.eader may talce action $�^
<br /> - � - � under thi�ParagraPh 7.lxnder does�at have w do so. �;-�L-
<br /> `" ,,,�` ` Any amoun�q di5bur�sed by I.ender under this paragraph'f shatl become additia�al deM of Bamnwer secured by this ��=`
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<br />;. ;T��_.::`::�-'�'.� Security Insaumen� Unless Bormwer and I.cndcr agree to othcr tenns of payme�►1.these amounts sball brar intenst Fmm ehe �.�—
<br /> �'� ' ` Aate of disbursement at the Note ratc azM shal!6c vable.with intenest,u n notice from l.ender to Borrowermn uestin �"�"��
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<br /> .� _.' . ,. •� �. $�. Mortpge Insurance. If I.ender requicrd mortgage�urance as a conditlon of making the loan secuied by this ' _
<br /> ';.•-1.; '-. . . : .�. Security instrunsent. Horrawer ahall pay the p�emiums requiteii to maintain the mortgage insurance in effect. If. for any
<br /> -�='�-,, r e a w n. the mo r t g a ge insurence cav e r a ge t r,q uired b y L�mder la p s e s ar ccases to be in effcct. Borrawer shall p a y the
<br /> t: � premiums required to oblain coverage substantially equivatent ta the�mortg�e insurance pccviously in effe�et,at a cost
<br /> �� ,-:' • � _
<br /> ,;, cubst5ntiafiy equivatent to tl�e cost w Bomnwer of the mortgags insurance previously in effect,from an alremate mortgage _
<br /> - ' ingut�ar approved by Lender. If xubstantially equivalent mongaga insur�re caverage is nm available,Bmmwer shall pay to -
<br /> . _ "`"`"'.�:..• Lender cach month a sum equa!to one-twelfth of the yearly mortgage finsurance premium being paid by Borrower when the . r:�':'�'�.
<br /> -' '�.= insurance coverage tapsed or ceaged to be in effect. Lender will accept,use and retain these paymerns as a toss reserve in Jieu `:
<br />=-{. ` - t•: • of mortgage insurance. Loss reserve paymems may no longer be reyuired.at the optian of l,ertder.iP.martgage insuranco =
<br /> coverage(in the amount and for the period that l,ender reyuires)prov?de�by an insvrer appcaved by Lender again becomes � .
<br /> `".� � uvaitable aad is obtained.�ormw,¢r shall pay the premiums mquired to maintain mortguge insurance in et�'ec�or to provide a
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<br /> i•.,....- . loss reserve.until the requiremem for mortgage insurance ends in accordance with s►ny written agreement between Borrower
<br /> ' . •�;�:- • ..�. and l.ender or applicable law. •
<br /> ! • _ , 9. lnspecNon. Lertder or it�age�t may make ma5onable entries upon und insprctirnn of the Property. lxrrder shall
<br /> . '`"". � give Botrower not�ce at the time df or prior to an inspcctjon spccifying reasonable cause for the inxpection. •. '
<br /> " �• 10 ConQemaatlon. The ptoceeds of any award ar claim for damages.ditect or consequential.in connection with any ,
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<br /> - . �•:?'.�J.>_ •. . fieal Wes Eal�ct�Fa�wt Ue.� ' -
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