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<br /> �, flaa�rd or Pr+ap�ety l�naoe. Bomow� �ll kaep tue improvanont� now axf�iiry or he�atter arx�t�d an tbe
<br /> P�uperry iiuwrod �dnr� lau My f1rc. twranl�Includod wUhin the term"extcnded coverr�o"�nJ�ny dher huard�, includl�
<br /> flaad�ar 1loodin�.tor wh��h Lende�requlrc,�in�u�nce. This iniwranoe rhall be m+�int�ined In tho amounli Mnd fcw 1he perla�dr
<br /> ih�t/,.onder roquire�, The Inwram:o c�rrl+or provWfty Iho Inwru�co�iwll be ch�rcn by &�rrowcr wbJ� to 4an1�t's�pprovd
<br /> whicb tlt�ll na be unre�wnsbly wfthhcld. If&xrowor tdl�u► mdnuln covr,n�o��ihal�buvo� l.ander m�y,w Lend�r'�
<br /> oqbn,obuin rnver��o to protxt l.�xkr'�ripht�in�ho Pmnorty in�c��anl�nco wfth�rapr�ph 7.
<br /> All inwru�:e policies and ranow�l�elwll 6a r+ccepttibla lo Q..cndcr rnd�lull include a rtand�rd mon�wyc clou�c. l.endo�
<br /> �iuil luivo tho dah�to hold tho paHales and t+eoew�ls.It I.ctder roquires,Borrowar Eha11 prwnplty�ive lo Lerider dl rooeipu ot
<br /> - -°�-� pyW premlwnx und reriewo!noNces.ln the event of loss, Borrowcr ahall Qive prompt notice Io the insurancxx carrlet�nd l.ender•
<br /> LoMer may mAke proof of lacs if not mado promptly by Bamower.
<br /> Unles�L.ender and Borrower otherwlFC a�rco in wr�ting.ineurance proceeda alwll bo applial w ratarwion or rcpair of tho
<br /> Property damagod.if the uxtoratfon or rcpair io economic�lly fwsible and Lender's secu�ity ia not lessened.lf the rawretion or
<br /> r¢pair is not oconomically feasible or Ixndor's suuriry wauld be lessened. the insurance ptnceals Ahall be appliod ro the wms
<br /> secursA by this Secu�lty Instn�ment, whethor or nat then dua,with any excess paid to Bonnwer. !f Borrower abandona the
<br /> � Propetiy. u►Jues not unswer within 30 dayw a notiss fmm Laxler thet the ins��rence carriRr lu�a of'fered to settle a claim,then
<br /> L.ender may oollect the insurance pr+oceedc. l.ender m�y uso Ihe proaeds to �pxir or restore the Property or to pay wms
<br /> securcd by this Savrity Insavment,whether ur�ot then due. Tha 30-day period will�begin whan the notice is givcn.
<br /> Unless [.ender and Bomower otherwise agree in writiog, any application af proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments refernocl to in paragcaphs I and 2 or change the amount of the pAymenta. if
<br /> under paragraph 21 the Property is acquitat by Ixnder.Bor�+ower's d8ht�to any insurance policies and prooeeds resulting from�
<br /> damage to the Property prior to the acquiailion ch�ll�pass to Lender w the extent of the sums secured by this Secudry Instrume�at�
<br /> immediately pdor ta the acquisition. -�
<br /> _ 'di.Oocap�acy,Preservation,MAinteaance and Pmtectjoa o[the Property;Burruwer's i.opn ApplicAtion:Leaseholdt.
<br /> ? ! Borruwer sfwll occupy.establiah,and use the Aroperty as Borrower's pdncipal residence within sixty days after the executian af
<br />;:;, this Socurity Insttument and shall continue to occupy the Property as 8orrower's principal residerioe for at�east ut►e year atter
<br />�'?'' the date aP occupancy,unl�sa i.cnder otherwise agrees in writing. which consent sh�ll not be unreasonably withheld, or unless
<br /> �r extenuating circumstances exist which are beyand Borrower's coMrol. Borrower shall not destray, damage or impair the
<br />' Propeny, allow the Property to deteriorate, or commit wavte on the Property. Barmwcr shall be in default 9f uny forFeiture
<br />-• - .uction or pmcecding. whether civil or criminal, is begun that in l.onder's good fuith judgment could nesult in forfeiture of the
<br />:,`��� � Property or otheiwise materially impair the lien crea�ed by this Security lnstrument or l.ender's securtty interest. Borrower may
<br />;;;,t � I curc such a dafault and reinstate,as providad in paragraph 18.by causing the artion or praceeding to be dismissed with a ruling
<br /> f � ' o other material
<br /> �; � that, in l..endcr s good fiaith �eterminati�n. �recludes f�rFclturc �f the Horrow�r s Inte�st in the Properry r
<br />;`'V:�{;� impairment of the lien crea�ed by this Securily instrumeni ur L,ctxkr's acx.�urity i�iiCi�i. Bu�iuwn� stieli �ao� iit defauft tf
<br /> i Borrower.during 1he loan application prcxess,gave materially fulse or ir►socurnte infomiation or statements ta l.ender(or failed
<br /> , .; „y� to provide l.ender with Any material inforn�ation)im m�nectian with the Inan evidenced by the Note. including,but not limited
<br /> • ! to,represenlations conceming Borrower's occup�cy af the Property as a principal residence.If this Security Instrument is on a
<br /> �'�,;, Ieosehold. Bortawer shall comply with all the provisions oi the lease. If Borrower ecquires fee tiUe to tho Property, the
<br /> leaselwld and the fee tiUe shall not merge unl��ss Lender agreec to thc tnerger in writing.
<br /> 7.Protectlon oi I.ender's Righta fn the PropeKy. Ii&�m�wer fails to perfarm the covenunts and agreements contained in
<br /> this Security Instn�ment, or there iti a legal prcke�cling thnt may significuntly afPect Lender's rights in the Property(such as a
<br /> ;� pracoeding in bAnkniptcy,probate,for condemns►tlon or forfeiwrc or to enfbrce laws or regulutiuns). then I.ender muy do and
<br />_ puy for wh�tever is necescury to prntert thc velue of�hc Pr��erty anJ L.ender's �ightti in thc Propeny. I.ender's actions may
<br /> include paying any sums securod by u lien whkh has priarity aver this 5ecurity Instrument, appe:►ring in court, paying
<br />- -' " reaso�wblcs attomoyg fces and entcring on the Propeny to mal;e repuirs.Although l.ender may wke uction under this paragraph
<br /> �° 7,Lender daes not huve to do so.
<br /> ' `� "��'' �� Any amounts disbursed by Lender under thix parsigruph 7 shall t►ecomc udditiunal debt of Borruwer secured by this
<br /> � �'��A'i�'�• � Security Instrument. Unletic&mower and I.cnder agrce to other tem�ti of p•ryment.the�e amounts shAll benr intcrest from the
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<br /> ;�• date of disbursement at the Note rate und shall be payuble. with interest, upnn nutice from l.cnder tn Borrower reques�ing
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<br /> ��=; � puyment.
<br /> ��.i �_�:�.•=-:�. , 8.Matgage Insurance. If[.ender rcquired munguge inwrun�r us A conJiiian nf making the I�rrn s�.�cured by this Security
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<br />`''"�� � '° , � Instrun�ent. Borrower shall pay thc premiums reyuired to maintain ttM mortgage inxur.�nre in cffect. If, for uny reason, the
<br /> •+;ti', ....�,.w.: i
<br /> • 'c� mortgage insurance coverrge required by l.ender lapses or ce:ucs to t►e in effect, BuROwer�hull pay Uk premiums required to
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<br /> .�.., - _�,,.,, ' obtnin coverage substantially equivulent to the mnrtgage insuranre previoutily in eff�ti�, •rt a co,t wbtituntiully equivalent tn the
<br />�'` ��'�'�"'�� cost to Borrower uf the mortga�e insurancc previuusly in eftic�t, from un altematc miinga�c imurcr upprov��! by Lender. If
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<br />°•:�� _,•�'- '. . substantially equivalent mortguge insurance covcrage i.not availuble. &irrower.hull puy tii l.enJer cuch month u sum equul to _
<br />' ; , � ;, � one-twelRh of the yearly mortgage insuraace premium heing paid hy Bi�rrower when�he intiurunce coverugc lupsed or ceak•d to =
<br /> • . :t�;: � be in effect.L.ender will uccept.ux;and retain th��paymentti a� a los. re,crvr in lieu of mongogc imurance. l.oti� rc+erve :.
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