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<br /> • peripda�thri Lentkr rcquirca: 7➢k�nsura�isn carricr providing tho insurance shall be choun IiY..AaRqwcr,subJut to 4sndpiti
<br /> , approvalwhich stwil not Cc unrcasonahly wllhheld� It Aaouwcr fails to mnintain covemg"e destril�ed n�avo,l,cnAcr m6y.oi
<br /> Lenderb option,obreln coxere�e to protcct Lcndcr6 dph�+In�he Pro�cny in accordar:a v�lih paragmpb 7.
<br /> All Insurancx polieics wid r<ncwals bhalLhQ paspIa610�o I.cnAcrand shall Includo a stnndard mprtgage clauso. Lender
<br /> shnil hnve tho dgM.io hotd tha rynllelys and renewals. If I,ender reqnir�+.Dorrower shail promptly givo to l.endcr all rcttipis
<br /> = of pdid ptntlume.and�rnowal.nnHen. 1n ipc cvent of lose,portower shall givo prompt notico lo�he Insuranw rnrtier and � -
<br /> Lender. LcndcrdmymnkeproofoflosslfnotmedepromplybyBoROwcr.
<br /> ,_ Unless L.ender and Dortowor mhcnvlse agrca in wriNng,Inn�mnco procccde shall be epplied ro resmmllon or rcpafr ot .. .
<br /> � � tfie Roppny dnma�ed, If�ho res�on�inn or repair is ecoimailcelly Rasiblo anA Lender§secnrity ie na Icssened, If[ho -
<br /> rcalorallnn or repa r ie not econnmik�lty feasiblc or l.endert secnrfty wonlJ 60 lessencd,�ho insurancc procccds shnll 60
<br /> — appifed to�ho sums saurcd by �hi�Securiry lnslmmenh�vhether or not ihen duo,wl�h any execss paid�m Omrowe�. If
<br /> Bottoner ebandons�ha Propeny,or does not anewer whbGi 30 dnys e notice from Lcnder c6nt Aio inxumnco catrier hm
<br />�-- offemA to seNo a ctnim,�hen L.endu mn�rollcei�hv fnwmnee procecda. I.ender may uw iha pracceds to rc�alr or rcslore
<br /> �ho Propeny or to pay sumx ucured by th x Security inatrumenl,wl�e�her or not ihen duo. The 30•day pe�iad w II begin when
<br /> _-__ thu noticc la g(ven.
<br /> Unless Lender and Bortower othCrwiw egrce in writh�g,eny appIicmlon of proceede to principal sholl no�an�end or
<br /> posipqno�he dne dutc of�he monihly paymcnis rchmed�o In puagnphs I o�id 2 or chnngc Ihe nmoum of ihc paymenla. If
<br /> - nnder parograph 21 the Propetly le acquired by Lender,Qortower§dgh�in nny inamna policles and proceed�resnhing
<br /> from dnmage�o�he Propeny prior m the ncqulxlilon shall pass�0 4ender�o Ihe ex�ent of ihe smn+Eccurcd by this Saurlip
<br /> . Ins�mmcmlmmcdlaic�y prim�othoacqufsi�lon.
<br /> 6. Occupmcy. Prescrvntlon, Meintenanca and Protallon at �he Yropertya Borrower's Lnan Appllcalion{
<br /> I.easeholda� Rorrox�cr sGall occupy,establish,nnA use�he Property m liorrower}+pdnclp�I rcsldenw w6hln cixiy Aaye aRer
<br /> � ---� �lio oxaatlon of this Saud�y Inxwment and shall rnminue to accupy�he Pro�ny�s lfovnu•er1 pdneipnl rcsidenee fm at —
<br /> ° Icasi onc ycar altcr �hc dntc of occupancy, unlcss Lendcr o�hcnvixc agrces in wd�ing, whicL consent ahall nm bc
<br /> unreasonabiy wi0�heid,or unte.ss exicnundng circumstnnces exisi which nm bcyond Dnrrowerk control. Dortower ehall not
<br />,�'� des�roy,damnQe or fmµiir ihe Ropeny,nllovi tlie Propeny�o de�edora�e,or commli wns�c on�he Proµny. 6onower shnll
<br /> — M In default if eny(orkiture action or praeeding,wheiher civil or criminal,ix hegun tha�In Lender4 gw�d falih judgmem —
<br /> -= could rcsuit in (orfe8�rc of�he Property or ahervdse mmerially Impalr�he Ilen cremed 6y thlx Security Inatrument or
<br />- n7 Lenderk securiq INeRS�. I3ortower mny curc such a default ond rclns�aie,u provided In pamgraph 18,by cnnsing ihe netfon
<br /> �-� or proceeding ro be dismisscd wi�h e miing ihat,in LendcrS good faieli dcremiinmion,prccludes fodeimrc of iho 6ortower� —
<br /> ' intercst In the Propeny or oiher macerinl impairmen[ of�he licn crcaicd by ihis Securi�y Inxlmment or L.enderk security
<br />` ;',� interes�. 6orro�rer shall also be in defauh if Oorrowcr, during �h. Iwn npplica�ion process, gave mnterinlly fnlse or .
<br />`� ,1� inaccurate Infortna�ion or statementc�o Lenda(or failed to provide Ler.der�vi�h nny ma�erial informmlon)in connec�lon wilh =_
<br /> `:,;,�' Ihe loan evidenced by ihe Note, ixluding, bm no� limitrd to, repmsemations m�erning Iiortowert occupancy of thc
<br />_;j�?� Pfopeny u a principal rcsidenca I(�his Security Inswment is on a Ieuchoid,Oortox�er shall comply wi�h nll�lie provislons —
<br /> �°•,. oi�i�;l.ase. ii nortowcr ucquires ia�itic�o mc vropcny,mc ieau6aid und�i�e icc tiue snaii not mergc uniens i.endcr agrees -�"-
<br /> jryi� w ihe merger in writing. _
<br /> _•£ 7. Proteclion of Lender9 Rights in lhe Properly. If Oortmver fnils �o pedomi �he covenanu ond ngreemems
<br />-;zr�_>> comained fn Ihis Securiry Im�mmen�, or�here is n legal procecding �hut may stgnificantly oflec� Lead�rl riglus in Uie
<br />"";j s'�: Property(such as a proceeding in bankrupicy,prohitr,for cond�mnmion or fodeimrc or to enforce I:�ws or reguiations),�hen `_-
<br /> = Lender may do and piy for wha�z�rr Is necessary�o promct�he value of�hc Ropeny nnd Lcndcr�righix in thc Propcny. `'+':�.'
<br /> Lendert aaionr ma inctude � in an wms secured b a licn ahich has riorit over�his Sewrit Insuumem,n arin �`;"'"
<br /> Y P•Y 8 Y� Y P Y Y PP� 8 ilr�
<br /> in rnun,p�ying reacona6le atwmeys'fecs and m�rring a�the Propeny to maAc rcp�irs.Ahhough LenAer m.ry�ake nctlon
<br /> . under�hisparagraph7,l.cnderdce.nothavr�odoso. �� �
<br /> Any amoun�a dis6ursed by I.r�er nnd.r�h[c paragraph 7 shall Inmmc adJi�ional de6i of Bortoxer secured by tl�ls �'4 �-�
<br /> -�t_� Sauriry Insuunxm. Unlcss 6ortoxxr and Lend.r agrce m a�her�cmi+of pnyment.�hex amonm.shnll Mnr intcrcs�from�he
<br /> _#s,1 dme of disbursement at�he Na�c ra�e nnd shall h.payablc.wiih imemct,upon nwice from LenAcr�0 6orrmvcr reyues�in6 t�-.
<br /> ,�y t�l paymcnt.
<br /> ri,3 8. Mortgage Insurnncr. If Lender rcyuireJ mongage imurame n,a cunJi�ian of making ihe loan securcd by ihis „ :
<br /> - Securily InstrumeN. Dorrmver shull p�y �he pmmimiu raryireJ tn m�in.nin �he mongage insumnce in effee�. If. for any �r :'.
<br /> �s�:;'� reawn, Ihc motlg�gc iiuurnncc coremgc mqnind by Lendcr lapses ur ac:��ca In h in cffecl, Dorro�vcr shall p�y Ihe �t. � _
<br /> - - Premiunn rcyuired to ubtain corerage +u6,iamially cquir:dem w �he mm�gage inwr.mcr pic�iv�uly in eff.n.al a w.a f.,it;'_�
<br /> - subxlantially cquiralcnl lo Ihc coal lo f3urro�vcr of Ihc mnngngc inlunncc pnviuu+ly m ef(cc1,fmm nn ahcmalc mongngc r
<br /> ,,r.i� insurcr npprored 6y Lendtr. If wbV�ntinlly equivalem mongage in.unnce cover:ige ie no�:o:�ilable.Rovower shnll p:ry w k�r:'.•:
<br /> Lendcr cach manth a sum cyual �o ime•��rclfih of�he yc:�dy motigage iix.uranrr premium hing p�id hy 6orroarr whcn�hc 1�1..-.
<br /> ,:=�� insuranee coverag.laEned ore.:ueJ w be in eff..�. Isnder�cill aceept.ux nnA re�ain�hece p:q�mrnw n.a lus.rewrve in lieu �r;':-,--
<br />;_..,J� of mongage in.ur,mce. Loss rcsenr paymem<m:ry no longor I+c rcqmrcd:n �he op�inn nf Lendcr.i(mong�ge inwrance ;i.l
<br /> coverage(in�he amount and fnr�he�riod tha�Lender nvpiirct)providcA by:m imurcr appmved hy Lender again Ixconus ,���C:�,..'
<br /> -:�(:. available and is obtained.[3nrtmvcnhal I pay�he prciniumc rcquircJ�o maimain mon�age in.umnce in eRec�.nr io pmvide;� � ,:
<br /> .:,�' loss rcserre,unlil Ihe rcyuiremenl fnr mongage in+uranac enJ.in accnNancr�cilh any�rriu.n agreement tknceen Ilorto�eer
<br />-'`;��� nnd Lcndcr ur applicablc law. - -
<br /> 9. In.cpttllon. Lcndar or ihagcnl may malc rt:nunablc cmrir+�qinn:mJ in.�clinm ol ihc PrnRn��. Lcndcr.hall �•-��
<br /> gi�r Ootrowtt noiice al lhe lime uf or prinr m au im�rc�ion��CCI�)111�lfJti1)111M1Ii l'J�IN fnt�he in.�nclinn. y:t:,;`.
<br /> 10. Condemnaflon. TLe prncttds nLmy aturJ nr daim lor Jam.�ge,.Jmrl or aon.equemi:J.in conn<a�iun tri�h any.
<br /> Smplefamd.-FUnNeVauTTeddieNal\Ik11H\IICSfNI'}Ik:]T �On�LwnCn.rn�m. 9Y0 p"art..�np��:u '
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