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<br /> ` periods tiut l�ader r�ui�s. 't�e;n�uance ca�rier p�vvidinRthe;nsuran�:sh�ll 6c c6osen ay eo�wa sub,jecc ta 1.onaet'� , ..
<br /> � . ` appcavaf whieh shrli not Ue nnRasoaablY withheld- U Basowcr fails to maintain�rnverage descn'bed above,,lx+der`ma}P.at _
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<br /> i,et�er�s optiaa.obtain coverage to protect Lender's rights in the Pruperty in accocd�nce v�nth paragrapt►,- e cisuse� I.ender
<br /> —__ .� _. --_ _ —...-v:_ - ....�:�:a��,�.,���Q�11_be a�vretaMe ro Lendrx�d shall inclu�a st�ndaid mortSag
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<br /> shaii hav�thc right to hotd the policies and nnewals. If Lender raNites.Bomnw•e*shal!PromPtly Sivc to�endrrau�eip�s
<br /> of paid{xemiwas and reaewal nonces. In the evtnc of I�us.Borrowa shatl givr�omP�noticc w t{�ee insutance cazrier aad.
<br /> � � L ender. Lender may maics ponof of toss if not nude promptlY bY Hort'°wer.' . • .
<br /> � Unitss�Lender and Bor�ower��erwise a�re in wrtiRg'insu�p��s shall be,applied to restoration o��air of
<br /> ' the Frope�l►datn�Soa,`if the�restoration or repyis;s economicaily fsasible and lxnders security is na less�ned= 1f tbe
<br /> nstwatioa or.ncpair is not ecaamically feasibk or Isnder s security would be lessened.the insurance pmcerds st�Il be
<br /> _ ��i��a����(�y t�is SacuRty �nsuume��whether ur not then due.with any excess paid to Bormwei: If
<br /> `' Botrower abandons the Piope�tY•ar daa not answer within 30 days a notice from Lender that dte insur�x�r prri�r i�as
<br /> ot�2ied to settk a ctaim.then l�ender may collact the insurar�p��' ��r�y��p�dc to repair or nsta�e
<br />�-- �e p�r'oP�rtY orto pay sums suui+ed by this Security Insuumen�,wtKther a aot ti►en tfue.71�e 34day period wiU begin when.
<br /> the notice is givea. uption of eeds to nci shai[not eataid or
<br /> -Uakss Lend�er and Bon»aer othecwise agee in writinS,anY aPP P� Pn P� �
<br />;��;- ' postpone the due date of tl�e monthtY PaYments eefcrted to in�S 1 and 2 or change the aawu�t of the paymeats._If:'�.�: . .
<br />____ under paragrapft 21 the PmpeRY is acquired by i.ender,Borrower;s nght co any insurance policies and prne�ds issaInng
<br /> _ - � ��tnage to the p r o p e rt y prior to t h e acquisition sha11 p a s s to Lender to dte extent of the sums secured.E�:€6is Seturity _
<br /> - Insn'ument itpmediately pnor to the acquisiuon. g�qrsr's T.oaa,ApPlication+ �
<br /> 6.� �ypancy, Preservsition. 141ainten�nce and Pratection ot the Propert_y;
<br /> � • Lease6dds. Borrower shaq oav �Sorrawee's 1�c�ctcc within sixty days�ft�t
<br />-;_,i py,establisb.and use tfie PropertS' P�Pa
<br /> - � the execution of this Savrity'lnsuume�t and stiall cantinae w occupY tt�e PcopertY as B°ROC�s�p°n�}p�ms�dence fOr at �
<br /> _ least one yeac after the date af occupancy..un less L e n d e� o t h e r w i s e a�e�s.i n w r i t i n g. w h i c h,c o n s e n t s h a tl nat be
<br /> °- un�asonabiy w�thlieW.o�unless exte�uating ctcicnmstances exist wf►ich ane i�eyond Borrower's control. Borrower shall not . :
<br /> � desuuy.damage ar impair ti�e PrqxnY.altow�the Property to deteriorate.or cammit waste an the Pmperty. Rortower shall
<br /> - 6e in default if any forfeitu�s action or pruceedinS.whatl�er civil or criminal.is begun that in Lender's goad faith judgment ,
<br /> �� coatd resuh in forfeiture of the Proper►y or dherwise materiaUy impair the lien rreated by this Se.Cimty lnstrument�or: _
<br />' Lender's security interes� Barrower may cure such a defauit and ceinstate.as provided in paragraph 18.by cautiing the action �_
<br /> _.-- • or praceeding to be dismi.�.5ed w�th a ruling that.in Lender's gcwd faith�tetecmination.precludes forfeitum of the Borrower's _ _
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<br /> � interest in the.Ptoperty or other material imp�icment of t�he tien created by this Securlty Instrarncnt ar ixndei's' secuntY , ��-;
<br /> ' • interest. Borrower shall also be in default if Borrower. during the loan app}icatian process. gave materially false or
<br /> inaccurate informatian ar'statemen�s ta Lendcr(or failed to proride Lender with any material infortnation)in connectian with , '��'
<br /> �'�' the loan evideoced by ihe Nate. including, but not limited to, representatiom canceming Barrawer's occupancy of c�e� �_��__
<br /> ` F piropeny as a principaTnesidence. If this Secarity lnstnrment is on a le��ehald.Borrower shall comply with all the provisians ���__
<br /> � • of the le�e. If Borrower acquires fee title to the PcoBeny.the leasehaid artd ihe fee tide shall not merge unless Lender agrees
<br /> to the merger in writing. �� :
<br /> 7, protectiort ot Lender s Rights in'x6e Puwperty. If Borrower fails to perform the covenants and agrecments ��
<br /> coatained in this Security Instrumen�or the�is�� tegal proceedi�g that may�;igmficandy affect l.endec's rights in the _�._
<br /> ' �" pr+ppercy(such us a proceeding in bankruptcy.ptobaie,for condemnation or forfeitur+e or ta enforee laws or regalatioas).thett - ��ar__
<br /> • r� Lendet may do und pay for whatever is necessary ta protect the value af the Propeny and Lender:s righ�s in the Property. - -•-
<br /> �-,.�r�.,.
<br /> ' `� ��" Lender�actions may include paying any sumx secured by a lien which has priority over�his Secutity Mxtrument,appearing �;_�f-f;�.
<br /> f: •, .<.i•;-:.
<br /> � in caurt.paying reasonable atromeys'fees and entering on the Prapeny ta make repairs.Although Lender may take actton -:� _ �„:r__.
<br /> ' undcr this paragraph 7.I.ender does�ot have to do so. • -
<br /> • Any amounts ditibuned by l.ender under this parsigraph 7�hall became adQitianal deht oi Borrower xecured by thiy
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<br /> , . Security tn.�trumeat. Unlesti Borrawcr and Lendcr agree to other tertnz af paymem,thetic amauntc+hall bunr interest from the +, ��_
<br /> • ';:'' date o1 disbursement at the Note rate and shall be puyable.with interc+t.u�n natice from Len�ter ta 8artower reyuetiting
<br /> ��• payment. " ;:
<br /> � • S. Mortgage Inwraace. lf Lender required martgage intiurance uti a ronditian oi making thc loan sccured by this _
<br /> Securiry Instrument.Borrower shall pay the premiums required to maint�in the mnrtgage in+urance in effect. If.for any - `'=<';�.'.=r
<br /> rcation. the mortgage insuranee coverage reyuired by [.ender lapses or ce���e. to he in effect. Borr�+wer shall pay thr _
<br /> � premiums requimd to obtain caverase substantially equivatent to thc mo�gagc insurancc prcviau�ly in effert. at a co�t
<br /> • ~ subrtantial{y equivalent to the cast ta Borrower of the mangage inyuranre previou�ly in effeet.from an altemate martgage `� _
<br /> � �y° insurer appraved by Lender. If su6titantiaUy equivalcnt mu�gage in�umnce ruvcrage i�not available.Bnrrower�haU pay ta _
<br /> • l.ender each montb a sum cquul to one-twelfih of'thc ycatly mangagc in�.urance premium heing paid by Boaower when ihe .�..: � _.
<br /> • ' ��- insurance covers►ge lapsed ar ceased to be in rf7cet. l.ender will accept.u�e and reu�in the+e paymentc ay a ia,s ro�erve in lieu
<br /> . �'�s . of mortgage insurance. i.oss reyerve paymentti may nc�tnnger Ue reyuirca.at the aptinn of l.endcr,if mortgage inxurance ' �
<br /> � . caverage(in ihe amaunt and for the period that I.ender rcquire.)provided hy:in im��rt�r:�ppruved by Lender again heromes ,:'
<br /> : availabie and is obtaincd.Horrower�hall pay thc premiumti rcyuired t�maint7�n m�mgagc ia�uranrc in effert.or to provide a . � )'.�
<br /> : loss rererve,until the requirement far mdrtgage in�uranec endv in accnrdance«�iih any wriucn agceement 6etween Borrower £
<br /> �� � ''. y': � and l.endcr or:�pplicabte law. . �
<br /> ' �-x'�>�•`'�;;-.� 9. Inspechon. Lender or its a`ent may makc rca�on:+btc cntrir�upon and impccticm��+f�he F'ruperly. Lrnder shai� 'i�. . . �
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<br /> •,„q�::},r:�;�,,.s:.•.; givc 8anawcr noticc at the timc of o�;rior to an in�pcctiim spc:cifying ma.unahlc cau.c for thc in�pcctian. �
<br /> ' 10 CondemnaUun. The proc�.:�dti of.my a�eard or claim fi+r Qamage..dirrct or cuu,equential.in connecli�m with a.^.y ,
<br /> • r: �,~ • Singlc F:m�d�-•Eannie�lae ircGAie�tac l'%(FI)R�t l�ti'1'RI`tfF:�i�•l'niturm Cu�cn:mh 9i90 1/rdL'�'.;��j�W+t�•�� i
<br /> .f;xl a:;r:'' Ixr,rt I:in Ru.me.,Vum+,tnc / ` ,
<br />� ' �-�'-�� To1hJeN:aO.18M►a"W�!Y.;7,{,jl Y�1%A1�7�U•1171 t� � .. .
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