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<br /> ' perlad�Ihat I.e�der royui�. '11�o inrurwn�c c:wnkr proviJln�il�a in�uru�ce•fi�ill he chc�e?tiy Ba 1cr�w�b�a�iMU�l.utKMrti
<br /> �p�p�o�►►�1 whkh�If not be unro�ran��ly wl►hheW. If Hcxrowor Gilw tn mwinlrin cnvari�c dc�cribal�aw,Lawia pwy,rt
<br /> t.anderh optlon.olualn cove��o w pnHeut t.endurl�riQMe In�bo H�r���ny in accurd�e wilh pNrwQruph'I.
<br /> All innut�nce polciC�nnd�now�l�Nlull ho�v:a�nhlo 1��L.nIWCf A(MI RIfAII IIICIUlIC A NIWNJAfQ IINNI���C CJNUIfO. lxndct
<br /> �hall havo tho tight ta hold Iho poUciae and MnawnlA. If L.c�xtcr�tv�uireM,Hannwor rhnll pmmp�ly�ivc���I,undrr all nrciM�
<br /> — af pwid prcmfumw and ronowal naticaN. In iho ovcn���1 I118N� Hum�wcr Kholl pivo pmmpt nal{re 1a Ihc in�urancn rorrior wnd
<br /> L.cndca Lcndar may maka pronf af lox�iP nw mrdo pmmp�ly by B�+m►wcr.
<br /> - ^-�-�� Unleus l.ender and Bormwcr athenvisc agrcc in wrfling,in�nrnncr�n xec�i4 shnH hc a�lied tn revloralinn nr nepuir of _
<br /> tho Prot'�eny damaged, if the rcaloralion or nepolr iR ecnnamically fcasiblc and Lenderk �ecurity is no� Iexsened. If Iha
<br /> res�orntion or repwir iR not economicully fea.oible ar l.endcrb xecurf�y would bc lesKCned.�he in�umnce proceedx xhali bc
<br /> applied to the sums securcd by this 3ecurily Inxlnimenl,whether �►r nw then due, with uny excex� puid to Burtowar. If
<br /> Borrowcr abandons the Propeny.or doeg not unxwer wi�hin i0 dayK a no�ice from Lender thnt thc ineumnce carricr has
<br /> offeir.d to sattie a claim��hen I.ender may c�llect the ioRUronce proceeds, l.ender muy ur,e ihe proceedw�o napuir or reR�a�+a
<br /> the Prapeny a�to pay sumw�ucurcd by thiR Secu�f�y Inetrwnent,whe�her or�ot then duc. The 3Q�duy perioJ wili b�gin wF�n
<br /> - d�nuticc is givcn.
<br /> Unlesa L.ender and Borrowar otherwise ugrce in w�i�ing,uny upplicatian af praceedx ta principal shall not extei►d or
<br /> postponc thc due date of the manthly puyments rciemed to in purngmphs I und 2 or changc the amount of the pa,vmrnt�. If
<br /> under parag�aph 21 the Propeny is acyuind by Leode�.Barrowerh right to uny insumnce palfciex�nd pra-erds�esuUing
<br /> _ fran d�mage ta the P�operty prior to the t�uisi�ion al�ll puss to Lende�lo�he extem of the sums secu�ed by this Secu�ty
<br /> Insuument immediately pdor to the ucquisitio�.
<br /> 6. lkcupaacy. Pnservallon, Maintenance nod Proteciian ot the Prup+.��ty; Borrower's 4opa Application;
<br /> - I.easeholds. Bortowe�shall occupy,es�nblish,und use tF�Property a+Borrower s�n�xipal residence within sixty days after
<br /> the execuHon of this Security Instrument und shull continue ta occupy the Pro}+�ny as Burruwerw pri�x:ipal residence for ui
<br /> least one year after the date of accupAncy, unRc�s Lender ahenvise agrces in writing, which consenl shall na1 be
<br /> " unrea�sonably wilhheld,ar unless exteauuting circun�stances cxist which ure beyvnd Borrower Y conuol. Borrawer sfiall not
<br /> `'}��:�' desuoy,clarnoge or impnlr tha Prope�ty,ADlow ttie Property to deteriorate,or cammit wuste on the Propeny. Borroaer sfiu11
<br /> - . s,,;�
<br /> _ -;�:�.•�. be in detauit if any farfeiture action ar praceeding,whether civSa or criminal,is•be8un that in Lender's goal faith judgrnent
<br /> =�- =•E== cauld result in ferfeilure oF the Properry or otherwise muterially impair �he lien creuted hy ifiis Secu►Ity Instrument ar
<br />:;`;� !�:r,,,, Lenderk security interest. Bomawer rnay cure such a default nnd reinstate,as�pro��ided in paregraph 18,by cuusing the action
<br /> .4h 4� ar procading to 6e dismissed with a ruling Ihat,in Lenderk good faith doterm�naiion.precludes forfeiture of the Borrower�
<br /> `+� '�'�� interest in the Properry or other materinl impelrtnent of 1he lian created by�his Securiry Instrument or Lender's r,ecurfry ,
<br />.;h'?�, incerest. Borrower shuD also be i� def.nult if Bonower, during the loan application process, gnve ma�e�aUy false o�
<br /> inaccumte informatian ar etntements ta�Leader(or f�lled to pravide l.ender wilh any materinl information)in connection w izh
<br />�;;;:�����.,� the loan evidenced �y the Note. including, bu� na limited�ro, representatians concerning Borrower's occupancy uf the
<br /> �_!�'��s�• Property as a princip�!residence. lf thia Securitp�nstrurnenl is on a leasehold.Bonower shull comply wiah u11 the provisions
<br /> � oi the isns,e. lf Aarta�ver acquires fee tide to the Propeny,the leASehold and 1!ce fee litle shall not merge un9ess Lend�r ugrees
<br /> � � � to Ihe mergcr ia wri�ing.
<br /> `'�:�' �. PratecUon of Lender's IY8g6ts In the Propertv Qf,BDTfO�t2! PAI�S to peric�r� thr cavenams und AgrPement�
<br /> �r.�' con�ained in this Securi�y Instrument,or �here ix a legnl proc•eeding tha¢ m+ny siFnific��ily ��ffi�ect Il.ender's rights in �hc
<br /> ,w,•:
<br /> . � Pro�eAy(such as u proceeding in bankruptcy,probu�e,for condemnntion or farfeiture or to enforte laws ar regul:�tions),then
<br />•- l.ender may do und pay far whutever ir necetitiury ta protect�he vulue of the Property And Lender's rightti in the Property.
<br />_ • R ,, Lender's ac�ions muy include puying any sum+secured by a lien which hus priurity over thix Securiry Instrumenl,nppeuring
<br /> in couA,puying reaqonuble atbmeys'fecz cnd entering on�he F'rc►perty�o make repair.c. Allhough Lender may take action
<br /> ';r;._ under this pumgrnph 7.Lendcr doex not have tci d�►xo.
<br /> Any umoumx disbursed Ay I.endrr under liii�parugruph 7�hull tmc�ime uJJiticxiul deM af Borrower secured by this
<br /> � � „�,,�u, Securlty Instmment. Unle�ti Borrowcr und Lrndcr ugree to othcr Icrms ol'puyment,the�c umoun�z shull beur intere+�from�he _
<br /> ,:�.�� .� �,; ., � dote of disburrement ut the Notc rule wid Khall bc puyublc, with inlerest.upon notice from Lender to Borrower reyuesting _
<br /> . . . w,.... ,�., psiyment. _
<br /> ' r���"�'''ti 8. Mortgage Insurana. If l.ender rcquircJ mortgage insumnce as a condi�ion of muking the loan secured by this
<br />";,;. "?�'. ;�"��'''�'' Security Inslrument, Borrower,hnll pay the premwmg reyuired to mumtain the monguge inrunince in effect. ii, ior any
<br /> . '`��±,',;�!"� reuson, �he mortgage insurnnce coverage required by Lender lap�eti or cea+e� to he in effect, Borrc►wer shall pay Ihe
<br /> '�t,;��•c premiums required to obtoin caveruge substnmially equivalent to �he monguge imurunee previously in effect. at a cost
<br /> i�►,;tk:r'x;;p;; substuntially equivalen�to the ro,t to Borruwcr of 1he mongage insuronce prcvioutily in effect,from nn ultemu�e mongage
<br /> --'�+�'•' •: '� insurer upproved by L.ender. If substumially cyuivulenl mongage inxurunce rnverage is not uvailuble,Borrnwer�hnll pay to
<br /> ';;n""';'� ' � '` Lender euch month a sum eyual to unc-twelfth of the yeurly mohgc+ge inxurunce premium being paid by BoROwer when Ihe
<br /> r'•�r�.'�=, insurunce coverage lupsed or ceaxed to tk in effect. Lender will accep4 use und re:tuin these paymentx us a lors reserve in lieu
<br /> �� -�..���.-�' � of mortgage insurancc. Loss reservc puynxntti may no langer t►e requircd,nt thc option��f L.ender, if mohguge msuronce
<br /> d, .:.;:
<br /> •:,- �. cove�uge(in the amount and for the perial ihut Lender requires)provided by un insurer upproved by Lender uguin becomes
<br /> - '•;�.:�:, � availuble and is obtnined.Bortower xhull pay the premiums rcyuimd tn muintuin mcxtgage insurrnce in effect,ur to provide u
<br /> ,. ,.ti::.�,.. loss reserve,until the reyuirement for mongage insurance endx in ucrordunce wi�h any wrinen ugre�ment between Borcower
<br /> :��`'�' . :f. L und Lender or applicrble law.
<br /> , • " 9. Inspection. Lender or itx s�gent m•ry m�ke rea.onable enlries upon and in,Exction.of�he Propeny. Lender shall
<br /> _ � ' ' give Borrower natice At the time of nr prior to an inspection,pecifying rcu�on•rble crusr for�he inspectian.
<br /> ,�jti,;.;a.�..::,,nw'r{„: 10. Condemnation. The praeeds of any uwurd or rlaim for damage,,Jireci or rnnxeyuentinl,in connection with any -
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