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<br /> - � � periods tha�Lender Rquircs. Thc ineurnnce carrter providing the inRUtancc Khull bc chosen by Borrower subJect w L.ender e�
<br /> • approvol which�hall not bc unrensunpbly wlthheld. If Bcxrower fuilx to maintwin covero�c deRC�ibed alwve,Lcnder rnay.uc
<br />__ .�. - - _._ _ _ � l.�nder5�oplon,obWn coverwBe ta pmtect Lenderk righte in the Prup�Ay in accordunce with paragraph 7.
<br /> ,� � All inourance policies and rcoewule aholl be acceptable ro L.ender and shall include u KlundurJ mW�go8e clau�. Lendcr =_�
<br /> ;;7����� aholl have�he dght�a hold th�policies and renewalx. If Lender nyuirer.&►rrower shull promptly give to Lender all receipts _-
<br /> :_ —. �_.� af paid premiumK and renewal naNceR. In tho event af loss.Borrawer Khall �ivc prompt natice tu thc inxurance csurier ond
<br /> Lender. Lendcr rnay mnke proof of loxx iP nat muda promptly by Horrower. -
<br /> �� — - - -- Unlu�K Lciulcr and BoROwer othenvise ugme in writing,invurance pmceeds xhall he wpplied�a reatorntian or repair of
<br /> _ _-- the piroperty dumu�ed. ii the restamtian or repAir ix ecanomicully fauxible und Lenderk isecurity is nat les.r•ened. If the �
<br /> — reatarWian or apn r Ix na� economically feu.qible or Lender�:eecurity would be Ies�ened,the inKUrunce proceeds yhnll be _
<br /> � uppiied ta Ihe eumg securcd by thia Secu�ity Inxtrumenl, whether or nat then due, wflh uny excesti paid to Borrower. If
<br /> ___ �� Borrawer abandone Ihe PropcAy. or dces nat unswer within 3Q duys u noticc from Lender that the insurunce cnrrier hus _
<br /> -'�� offercd to�etde u claim,�hen lxnder mny collect Ihe insurnnce proceeds;. Lender may uKe�he praceeda to repuir or re«tore
<br /> =`�°� the Pr+apeny or lo pay suma securcd by this Security InxlNment,whether or not thcn due. The 30-day pedad will begin when
<br /> -- ---=s =`� thc notice is given �
<br /> _�_�__'�;Y� Unleac Lender and Borrower atherwise ugree in writing, uny upplication of proceeds to principul xhall not extend or
<br /> -= postpone�he due date of the monthly payments referred to in paragraphx I und 2 or change the umaunt of the payments. If
<br /> -=_'�`_� under parngruph 21 Ihe Propeny is acquired by Lender,Barrawer�c rigPo to uny insurunce policieti and proceedw resulting _
<br /> .-- from dnmage to the Property prior ta the ucquisilion shall pass to Lender ta the extent of the suma secured by thiw Security
<br /> =��� Inatrumem immedlately p�lor to the acquisition.
<br /> ;;�] 6. (kcups�ncy, Preservption. Maintena�ce and Protection of the Properly; Borrower's I.oan AppUcationt _
<br /> `°- Leaseholds. Borrower shnll accupy,estublish,and use the PropeAy as Borrowert principul residence wlthin sixty days ufter -
<br /> -�� _= the execu�bn of thfs Security Inswment and shall continue lo accupy the Propeny us Borrower's principul�exidence for at �
<br /> - �� ��a`��°, lea.gl one year aftor the date af occupancy, unless Lender otherwise ugreex in wri[ing, which consem shAll not be
<br /> ���=,,� unreuxon�Wy withheld.or unless extenuating circumstnnces exis�whkh are beyond Horrowerti control. Bartower shull not �
<br /> ""— -� - destroy,damage or impuir the Property,nllow the Propeny to deteriomte,or commit wu.tite on the Property. Burrower 4hall _..___
<br /> „"F,-�.>•.•-_- ` be in defAUlt if any furfeiture uction or praceeding,whether civil or criminul,is begun thnt in Lender's gaod 1'uith judgment
<br /> =-'����.• could r+esult in forfeiture of the Property or otherwise materit►Ily impuir the lien created by this Security Instniment or �
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<br /> �_ ,- Lender's security interest. Borrower may curc such u defuult und reinstate,us provided in purugraph IR,by cuusing the ucuon
<br /> �-_�.c�;. or proceedin�to be dismissed with u ruling th�n,in Lender's goad fuith determinatian,precludes forfeiture of the Borrower's __
<br /> - �-----��,,,, interest in the Property or rnher material impuirment of the lien created by this Security lnstrument or Lender's secudty �
<br /> ���T. �-',., � interest. Bortower shull �+Iso be in defuult if Borrower, during the loun upplic�+�ion procasy, guve muterially fulse ar -
<br /> -'��-''-�'� inuccurate infamation or statements to L.ender(or fnlled to provide Lender with�ny materinl inform�tion)in connection with _
<br /> ���t�'_ the lonn evidenced by the Note. including, but not limited to, repretienlations concerning Borrower� occupnncy of�he =
<br />-- ,=;_;4,�,,,�ub� Property as a principa! m�idencc. If this Securiry Instrument is on u IeasehoW,BoROwer shall comply wilh ull the provisions
<br /> - r.. of the lea+e. If Borrower uc uires fec title ta Ihc Propeny,the leusehold und the fec tide shall not merge unless Lender ugrees _
<br /> .�. �.,t..::;: :.:.., q
<br /> -� il . ,Ep>", to the merger in wriling. �-
<br />-t'��"������.^% 7. Prolectlon oP l.ender•s Rights in the Property. If Borrower t'uils tu perti�rm the covenunts und u�rcements _
<br /> .�' �I•:
<br /> _f•�r� ,; ' . � contuined In this Security Inx�rument, or there is u legul prdceeding thut muy significandy affect Lender4 rights in e __
<br /> ��,,j, -. Propeny(such u:v o proceeding in bankruptcy.pmbute,for concicmnution or forfeiture or to enforce Inwx or rcgulation.r•),then __
<br /> "� ��`�' � ' Lender moy do and puy for whutevcr is neccszury to protec�the vulue of the Praperty und Lender's rights in the Property. _
<br />.:i:. Lender's uctions muy include paying uny sumx serured by n lien which hus priority over this Securiry Inztrumen4 uppeAnng �-
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<br /> ' in court, paying rensonable uttorneys'fees und entering cHi Ihr Pro�rty�o muke repuin. Although Lendcr muy tcike actian
<br />=�,_�'��" ';`''�' • under thix paragruph 7.Lender does not huve ro do so. �`-
<br />___�^„�� .�t '. Any umounts dixbuned by Lender under�his puru�ruph 7.hull l�c�►me udditianul debt of Burrawcr sewred by this _
<br />__,�,,�t' ,.+•.,.:, , Security Instrument. Unlez,Borrowcr und Lcndcr ugrcc to citlx r tcnn���f puyment,these amountx xhall Ix;ur interest from the
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<br /> dnte of disburscrnent �t Ihe Nole rutc und shull bc puyuble,with intcrc,l,u�wn noticc from Lendcr�o Borrower rcyuesting ��
<br /> -��_:. _�;;q; . pnyment. �ic�r:
<br /> -�•;;�',.�%`,� . � 8. Morl�age Insurance. If Lcnder requircd nmrtgagc insurunrc ax a cc�ndition �if muking Ihe loun secured hy�his �
<br /> '-'`�`t]_�i ' "' Sccurity Instrument, Barrower shall pay thr premiums required ic�mui�uain�hc monguge insuruncc in effect. IG for any �
<br /> _��" .w �"',. reason, the mortguge insurance coverugr reyuind By Lender lupux �N Cl'8til'ti to ixr in effect. Borrower shull puy the ��,
<br /> premiumx required to obwin coveruge suhstuntiully ayuivulcnt to �he mortguge in+urunce previously in effect, ut u cost ���_
<br />^"x`���[ `�"�1.. ':, subs�untiully equivulent ta the co+t to Borrower M'�he mortguge in,urunce prcvinusly in effcct, i�rom un altemate mortgu�e �„'•
<br /> :=-,�,._,-�°�'�=^� � imumr approved by Lender. If sub�tuntiully equivulcrn mort�ugc imur.mcc coveruge is nnt uv�iluble, Borrower shnll pay to �
<br /> -��t.+t�� � Lender each monlh u xum eyu�d to onc-twrlflh��f Ihc yeurly munFugc in+urance prrmium bcing paid by Bom�wer when the __
<br />`''b;.�`�' ; • � inxurunce coverage Inpsed ur ceu.ed to he in eFfrrt. LenJcr will uccepi,use unJ retuin these puymenl+u+u loss nscrvc in lieu
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<br /> - ,�,,,.r,.�, of mortguge insurunce. Loxs reserve puyments muy nn longrr Ix reyuired,ai thr oMion of Lcnder, if munguge inxurunce
<br />"��"�'�'�'"`'" "' coveru�te(in Ilw umoun�und for Ihe prricxi thut LenJer rcyuirr.l providrJ by un intiurcr uppnwed by Lender uguin hecomes --
<br /> �' �,��=' ' uvuilublc and is .ibiuined.Bonowrr�hall pay thc prrmium.rcquircd w�nuirnum monEugr mwrunrr in cFfect,or�o provide a
<br />�;',{� � . ' losx re�crvc,until Ihe rcyuiremem tiir mangugc inxuruixc end�in uccorcluncc with uny wriuen ugreemcn�bt:twecn Bormwer �-�
<br /> . and Lendcr ur applicuhlc luw. � �
<br /> . • 9. Inspection. Lender ur itz ugrnl may mukc rcu,unuMlc cnlric.upcm;mJ in+�xrliom��f�hc F'ro�xny. Lcndcr+hall ?�°.•
<br /> .. ,�., .:�„ give B��rmwer nciiicc at�hc tim�of'or priur tu un in.�xcliun��xril'ying t•r:uunublc rau.c tiir Ihc in��xrtion. �--
<br /> 10. Condempation. The pr�xeeJ,ui':my aw3ird nr rl:iim:�►r damages.dinct ur cun�eyurnliul. in conneciion wnh uny
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