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<br /> , � ; ,�. � - < , , the iasurat�ce sb�i1 be chosen hy Botmwer su6jact m Lender's `
<br /> . p�ds t�t:i,�nder�eqnsns. 1be insurana ca�rier prt�vidinS
<br /> approval whkh s6aii mt bc�unrasooabiy witp6etd if Baruwer faiL�-w maintain coveraga ' above.[.ender may,at
<br /> ' 4ender'.s option.obrain eoverage m pcot..-et Lender's rights in the Propert�i in accotdanoe with pa�agcaph�. �
<br /> - --_ _ �'sis�uance pafictes and�x�rals shalt be acoel�tabte w l.e�de�and shalt utclude a standard mortgaga ctaase. Lendec
<br /> shaU i�ave the�ight to hold the po}icies and�e�cwals. if Lender reqnires.BoaoweT stiat!piamptTy�ve to Lender�1�eipts— --
<br /> � • of pud presniums and tenewal notic�s. Ir the eve�n pf loss.Borrower sha11 give prompt notice to t6e insurance carr'ier and .
<br /> �,�der. Lender may malce proof of li�ss if not made prompdY bY Bnrcower. '
<br /> - {)��(,ender and g�rer!u���agnoe in writing,insw�ance proceeds shalt be applied to restoration or repair of
<br /> the prop�riy damaged,{f the cesmration ar.nepair is economically feasibie and Exnder�secaritY is not tesseneA. i�the
<br /> eestotation or iepair is nut eca[anically fea�'b1e or Lender's security�outd 6e lessened.the insurdnce procecds sbait bt.
<br /> _ applied to tite sums sec�ued by this Secui►ry Instmmen�wlutUer or not tt�en due.wit6 any eacess p�id ta Aorrnwer. If -
<br /> Bocrower abandons the Propefty,ar does not answer•wit6in 3i1 days a notice from Lender that the insurance carrier h�
<br /> offeeed to settl�a elaim.then Lender may collect the insurrace proceedc. [.ender may use the proceeds ta rcpair or restore
<br />= the Pcoperty ar to pay sums secured,by this Stcurity Instrumen�whether or not then due. The 3[Fday period MciB begin when .
<br /> --- the nutice is givtn. � . �
<br /> - . Unl�i:ender and Barrower.ott�crwise agra in writing.any application of procerds ta princip•rl+halt�t eatend or •
<br />-_ postpa�e the duc date of the monthty paymems refe�l to jn para�raphs 1'and 2 or change tt�e amc+u»t of ti�e payrr�ents. tt
<br /> -- urrder ppragrapl►21 the Pt�perty is acq�ired by Lcnder.Bortower5 right ta any ir�sur�nce p�llcics and procecdr re.rulting , ,
<br /> from dam�ge tp thz Property prior to the acqui�ition shaii pass to Lender tn the extent of the�,umv�c�cared hy th�y Secua'�y
<br /> - [nstrumcnt immediately prsor to thc xquuuiat. :
<br />_ f. pccirp�cy. Freserrstion. Maietenince snd ProtectWn ot tfie Propertyi fliN'rower'K I.an Appikation:
<br /> • t e�sehoids. Borrower shali occupy,estaMish.and use tlte Pra�erty s�-c Bortower s princip:tt re�idence withip tiixty Qays after
<br />.�-��' the executioa of this Sccurity lnstrument and shaH continue to ascupy tf�e Praperty as Hairower's principal resider�ce far at ,
<br /> `least ane year �f'ter the date of occupancy. unless Lender aherwi�e aP.rees in writing. which consent shali nol be
<br />�'�., . unrcationably withtietd,or unless extenuating etrcumstances esist which are beJland Bbmnweri control. Bc+ROwer s6�11 aat
<br />- destroy.damage or impair thc Ptoperty.allow thc PrapeRy co deteriacate.or commit waste on the Pmperty. Borrowcr shali .
<br />- bc in dtfault if any fafeitwe action or proceeding.whether civi)ar criminal,is begun that in Lerxtec ti goad faith Judgment -
<br /> � � could result in farfeiture of ihe Property or otherwise materially impair the tien created by this Security Instiument or __
<br /> Lender's security interest. Bocrower may cure such a default artd reins�tate.as provided in paragraph 18.6y caasing the action == -
<br /> : ' or proceeding to be dlsmissed with a rulirtg thab ia L�der's good faitb determinatian.prectudes farfeitttre of the 8arrower ti �6�'
<br /> � ; interest in the•Properry or other materiaf impairment af the lien created by ihis Security in�trument or I.ender� securiry ���.�_
<br /> • interest. .Bortower shall also be in defuult if Borrower. during the toan application process, gave materially false or ��:__
<br /> inaccurate infarmation or statements to Lender(or fuiled to provide Leader with ang material infom�ation)in connectian with =-=v=�-
<br /> the toan evidenced by the 1�`ate. including. but not limited to,tepresentations conceming Borrawer's occupancy of the ����'_
<br /> • .'° Property as a prineiQaf msidence. If this Security Instrument is on a leasehold,Bonoticec shall wmply with alt[he provisions ����_
<br /> '-=�': of the tease. If Borrowec acquires fee title to the i'raperry,the leaceho[d and the fee titte shall not merge unles.s Lender agree�c —__---
<br /> • to the merger in wri6ng. . - -
<br /> •;, ,q, protedion ot Lender's Rights in the Praperty. If Bormwer fails to perform ttie cmenants and agreements —
<br /> ca�tained'm this Security instrument,or there is a legu! proceedii��hat may significaatly a[fect Lender��ights in the -°�
<br /> t-��. • Property(such as a proceed'wg in 6ankcuptay.pmbate.for condemnauon or forfeiturz or to enforce taws or regulatlons).then �,;
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<br /> - l.ender may do and pay for ahatever is necetisary to pratect the valuc af the Property and Lender:s righ�s in ihe Praperty. �
<br />' �',' Lender's Actians�Y�r.ctude paying uny sums secureei by a lien which has priarity o��er this Security Instrument.appeanng ,''��'�"�
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<br /> � in court.paying reasonaBte attomeyz fees and entering on the Property to make repain.Aithough Lender may take actian , T:..y.=�,
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<br /> i.x � under ihis paragraph 7,Lender does not huve ta do so. •
<br /> .' ` 's. � Any umaunts dis6ussed by Lender under this para�aph 7 shall become additional debt at'Borrower secured by thiti • . . .
<br /> • ' Security instrumem. Unless Borrower and t,ender agree ta ather terms of payment,these amaunts shall bear interest from the ':;�::�<. , _
<br /> . . �:• a
<br /> date of dis6u�eme►n at the Notc rate and shait be payabte,with interest,upon notice from Lender ta 8orrowcr reyuesting ;`�-��'
<br /> --'; _ � payment. -.5- _
<br /> ! 8. Mortgage insvsance. if Lender r�{uired mortgage insprance ati a conditian of making thc loan secured by this
<br /> � Secu�ity Instrument�Barrawer shall pay �he premiums required ta maintain the mangage insurance in effect. If, for uny :r:-_;
<br /> ' � reason, the mortgage insurance caverage mquimd by l.ender tap5es or cea.ec ta be in effect. Burrowec shall pay the ,
<br /> _ premiums required to obtain coveruge substantially rqurvatent to the martgage in+urance previaus{y in cifec� ut �cost G :`' ,
<br /> �, ; substantiapy equivalent to the catit ta Horrower of Ihe mortgage insarancc previousty in effect.irom an altcmate mongage .
<br /> . insurer s�pproved by Lender. If subtitanti�lly cyuivalent martgagc intiur.�ncc rovcr.tge i�not a�ailuble.Borrawer rha�ll pay to
<br /> L.ender eucb manth a sum equal ta onc-twclfth af the ycarty mnn�:�gc in�urance premium being paid by Bamower when thc r:_
<br /> � insurance caverage lapsed orceatied ta he in et'fect. Lender will accept.use ured retain these p�ymenxti as a ta�y rcserve in lieu � � � '`_
<br /> ,�. of mortgage insurance. Lass re�erve paymcnt�may no longer he rcquireJ,at the i�ptian of l.cndcr,if mortgage insurance �. • -_
<br /> ' coverage(in ihe amaunt and fvr Ihc perial ih:u Lendcr reyuirer)pravidcd by�an inrurer;�pprnved by L.ender again becomes i .
<br /> • ` avuilable and is abtained.Barrower�hall pay Ihe prcmiums required to maimaim m�rtgage insurancc in effecl.or to provide a , :
<br /> .' •, •��,�-.�� loss reserve.until the reyuiremcnt far mc�rcgagc insur�ncc cnd.in uecGrdance w�ith any wnurn agrrement between Bvrrowcr .
<br /> � ';;`a�:� a�"= , and Lendec ar applicable taw. !'.
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<br /> �.•; 9. Inspection. 1.ertder ac it�agcne may make rca.runabk cntrict upon and in.pectinn�oP thc PropcAy. l.ender.hall �+:.:.
<br /> ����;ti.�f' ,. give Horrowcr natice at the time of�►r pr�or u�.�n iny�ctian�pceifying rea�onablc c:suxe fur thc inrpcctiun. :.�
<br />.• ����. . 10. Condemnafian. Thc prcxcrd�oi any:�ward�,r ctaim far d�maLC..dircr��,r ci�nrcyucntial.in c��nncctinn wi�h uny 'i;�,- .
<br />" . a'��Ar•. . . Singtc f.unily..kannk Nae�t'►cddle�lat('�li'UR�t/V%Tlil�1F.�'i'-l'nilurm Cu�cnant� 9190 rpuLr!�,16p��c�•.�� . .
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