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<br /> . �.pe�oa,�hac treneer�qui�es; 7t�e insurance curier povid'mg d�e ias�urtsc�snal!be chosen by 8ormwer su6joc�m t.en8er�s `
<br /> iha
<br /> app�ovai w6ich sM11 not be umeasa�abty withixtd� if Bott+ower f�ils to n�anttain coveragc descri6ed abdvG L.ender m�y.at
<br /> — La�der3 opte�e,oMsia aover�ge to protect LelnderS rights in[he F��peny in acoocd�nce with p�ngr�ph 7.
<br /> All insurance poficies ar.d renewats shal!be soceptable to Lendet aad shatl inctude a st�nda�d mae�gagr cla�E.ender=- -�- --
<br /> i su
<br /> - slu�ll dave the right to hold d�e po3icies aod ieircwals.`Jf Lender aquins.Borrower sh�ll pcomptiY give to i.entlerall receips _
<br /> < o f p o i d pcem i u m s a n d r e n e w a i t�o tices. [n the e�cait of loss.8orcnwer s�a11 give pmmpt notice to tht insur�ce carrler and
<br /> i,znder. i.ender may make pcoaf of lass if not made p�mptlY 69 Barrower. �
<br /> Uniess Lender and BuRawetndxrwise agr�e in writuig.insusince proeeed.q slta!!bc apptied to rrstor�tioo ar iepaic of
<br /> �p�y������atio�or repair is ecoanmically feasble and Lender's security is noc lessened. If the
<br /> restorotiort or r�psir is not ecanomically fedc�'bk or L.ender's security wcwld be tessened.the iacuiance proceeds shaTi be
<br /> •�����s secu�ed by tl�;s Security Inswmenb whether or not then due,with any excess paid to$arrower. tf
<br /> g�,a a��p�,p�y,a does�ot answu within 30 days a notice fmm l.endcr that the�nsuTance catrier fia.s
<br /> offeied to settle a claim.drn Lender may coUax the insnrance p�ocads.'�Lender may ace tbe pcoeeeds to rcpair or iestae
<br />_ the ptnperty or to pay saans secirrod by this Secarity t�.strumrnt,whether or not then due. T#�e 30�day period will f�egin when .
<br /> tl�e tatke is given. .
<br /> Unkss E.ender and BarroWrer dherwise ag�ee in wriang.anY appiicatioa nf procads to principa!shall noe extend or
<br /> postpone the due date of the monthlY PaYmrnts mferted to ir�paraSraPhs 1 and 2 or change the amotmt of the paYmeats•_If-
<br />-- unda pvrag�ph 21 the P�operty is acquir+ed fsy l.ender.Borrower's right to any insuraace pnlicies and p�oceeds_resuldng
<br /> � fr�dartr�ge to the P�operty prior to the acquisipon shall pass to Lendtr to the eatent of the sums secured by this Security
<br />_- Ir�stmment immediateiy prior to the acquisition. -
<br /> - i�. Ooc�p�cg Prese�vatioo, Mainteannce a�d Pratectioo of the Propert9; Borrowe�'a l.oan Appikation: ,
<br /> I�eiold�, Boezov��er shall accupy.estabtisl�.and e�se the PropertY�.s Borrower's principal resldence within sixty drys aRer
<br />-= the executian of this Security insm�ment aud shali rnnpmie to oceupy tbe Property as Bamawer's principal tesiden�e far at :.;<:•:::-:�_.
<br /> °- ic�st one yqr after the d�e of occupancy. vntess Lendec alieiv+rise agrees in wriung, which cansent shail noc be:;:;.:'::�;•::`:•..
<br /> -- _ unnasona6ty withheld.a unless extenuating cin�ces ezist which are beyond Borrower�canmol. Bormwer sha[l:iiot=:�-;°....• .�
<br />=';, destcoy.damage ar impair ihe Praperty,allow the Property to de:teriaate.ar commit was[e on the PmpeaY. Bamwec shall'.`.�:.': `.�.f� _
<br />-- be in defavh if any forfeiture action or proceeding.wl�ether ci�n"t or cmninaR is beSun that in Lender's gnai faith jddgtpenC�"_`;:_;:_.`.,;
<br />"=;,�� could r�ult in forfeiture of the Raperty or o�herwise materiatly impair the lien created by this Security insuurrt�iit:;a`::-;.:�;;�.:
<br /> ' - l.ender's securiry int4�..Bamawer may cure sucA a defauh and reinstate.as provided in paiagraph 18.by causing the:�c�ion�:.:: ';
<br />�_ —.___:. -or pnncee�ng toTie d'�smissed wiih a ntti�r�t�,irrL.ender's gaoci fait}r determination.prcciudes fotfeiwe�of.the.Bm�iiVy.�'[�'-=:= - `
<br /> imerest in the Property or other material impaimrent of the iien cr�ted bq this Serurity 6�.itrumenfar#.eadcr's s;.�rity
<br />-= intecest Bocrower shatl also be in default if Barrower. during the loan applicatiort process. gave materiaUy fatse or
<br /> inaccurate information ar statements to Lender(or failed to pmvide l.ender with any matcrial informaGon)in cot►necticsn with
<br /> ti�e loan evidenced by the Note,including.bat nat limited to.representations concemin��artower's aceupancy�af the .
<br /> ' ? Property as a principal residence. If this S�cuiity Insirument ic on a leasehold,Borrawer shaU compty with alt the provisions
<br />. of the kase. If Borrower acquires fee titte to the Property.the leasehotd and the fee title shaU not merge untesc Lcetder agrees
<br /> . to the mecger in writing.
<br /> _"�,t 7. pratectio�of I.tqdec•s Rights In the Pr�perty. If Batrower fails to perform ihc covenant�s and a���ts
<br /> contained in tliu 5rcuriry Iastrumem,or there is a tegal praceeding that may sign�cantty affect Lend��r's rightc in the
<br /> ;�;;�. propaty(sueie ac a proceedtng in 6ankruptcy.probate.for condemnation or forfeiture or to enfotre laws or regulatiass},then
<br /> Lendzt may do pnd pay for whatever is necessary ta pmtect the vAlue of�he Properry a�d l.ender's rights in the Property.
<br /> � LendePs actions may include paying uny sums secured by A lien which has priority over this Securiry Instrumen�aispearing
<br />� in eotrq,paying reasonable attorneys'fces and cntering on ihe Pcope�ty to make repairs. Although Lender may take actian
<br />• ' unAzr this paragraph 7.Lender daes nat have to do so.
<br /> Any amoun�s dishursed by Lender under thiti paragraph 7�hall became additional deAt of Borcower secured by Ihis
<br />. Sectnity Tasttumen� Unless Borrower and Lender nLerce to nther termy of payment.these un�aunts shalt bear interest from the
<br /> ' datt of disbursement at the Note rate und shall be payabte.with interetiY.upan notice fram Lender to Sorrower reyuesting
<br /> R�3�er►t.
<br /> 8. Mortgage Insunnae: if Lender required mangage intiurance as a conditian of making the b:u�secured by this
<br /> - - Secrmty lnstrument.Harrower�hall pay the prcmiums rcquircd to maintain thc martgagc insuranre in effec� If,for�y
<br /> 1•�: ceasan: the mx[gage insurance coverage rccjuircd by Lcnder lapscti ar cea,es to be in cffecl. Bartawer �hall pay the
<br /> � premiums requirec�to obtain caverage substasnit�lty equivalent to the murtg�ge inwrance previously in eifect.at a wxt _
<br /> sulntantially es�ujvalent ta the cost to Borrower of Ihe mangage insurance previou�ly in effeci,fro�re an altemate mangage
<br /> insurer approved by Lender, ff substantiaily equivatent mungage intiurance c��•eragc+�nnt available.Bonower sba11 pay to
<br /> l,e�dcr each month a�um equal to onc-twclfih of�hc yearly mongage intiurancc prcmium t+eing paid by Barrowet when the
<br /> - . insurance coverage lapsed or cca�ed to be in effcct. L.cnder will arcept.E��c and retain the�e p�yments a�a la�s reservc in licu
<br /> • of mortgage insurance. Lass rescrvc payments may nn long��r bc rcyuireJ,at Ihc uption nf Lcnder,if martga�e in.urance
<br />_ ` coverage lin the amount and Por the peri�xi�h�t I.endcr reyuires►provided by an inrurer appmved by Lender again hecnmes
<br /> � available And is obtaincd.Borrower xhall pay the premiumy reyuircd tn m:�intain mongagc imurancc in effeci.or to provide a
<br /> . lacc reserve.until the requirement far morlFa�e in.rurance ends in accordance Hith:ury�c�itten:�reemem between Borrawer
<br />� and Lendcr or applicable law. � '
<br /> 9. Insptction. l.ender�r its agcnt may make reatianable cntrieti upcm and in+pcctiun���i'Ihc{'roperty. Lcnder�hall .
<br />_ givc Barrawer»�tire ut the time of or pri��r t��an in�pcctiun tipccifying rca�onablc r.iutir fur thc in�pcctian.
<br /> • 10. Condemnatbn. The pnxccds uf any.�w.irQ��r claim f�r Qima�c!�,dirccl or cunticyucntial.in cunnection with�ny ; . _
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