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<br /> - . periodr that I.snder rcyuircr. The Insuranco corrlcr providing thc inaurance shall�be chosed by Bornawer su��cc�to'1.�"nddrh
<br /> approval which ahall nat bc um+casonabiy wiihheid. If Borrower iniia w moiniain cuvc�ugc dcx,�ii,cxl aF'uv��I.crxkr srwy.at
<br /> -=� L.endera option,obtain cuveruge tu prutect Lender's rights in the Property in uccordance with psuagruph 7.
<br /> ;-.�.,.� All insuronce policies und reneW�al�shall be acceptable to Lender and shull include n standard mortgAge clause. Lender
<br /> shall havo the right w hold Qie po8cies and renewals. If l.ender reyuires,Barrower shull pmmplly give lu l.enJer ufl receipts
<br /> = of paid prcmiums and rcnewul notices. In the event of loss,Borrower ehall give prompt notice to the insuronce carrier and
<br /> " �� __ __________ _ Lender. l.ender may mnke proc►f of logs if n�t made pmmp�ly hy Bnrrower.
<br /> - = Unkas Lender und Borrower otbenvise agree in wrlting.insuronce proceeds shull be applied to res�oration ar repair of
<br /> 1� the Property dumaged, if the restorntion or repair la economicully fcusible nnd I.ender's securiry is nat Icssened. If Ihe
<br /> resloratian or repai�is not economically feasible or LenderR secudty would be lesxeneci,ihe inxura�ce praceeds shall be
<br /> - _ npplied to the suma secured by thia�5ecurlty Instniment,whether or not then due,wi�e any excess paid ta Borrower. If
<br /> —,_:,,':� Borrower ubundons �he Property, or dces not answer within 3Q duys s notice Prom Lcnder thut the insurance cnrricr has
<br /> --____-,��� oftered ta xettle n cluim,then Lender may collect the insurance proceeds. Lender m�y use the proceeds to repair or res�ore
<br /> `�' the Pra R or to u sums secured b thia Securit Instrument,whelher or not Ihen due. 71te 30-da dod will be in when
<br /> �°-_ ._�� � Pe Y P Y Y Y YPe � -
<br /> --�'" the notice iR given.
<br /> ---'':z"��i:.' Unless Lender and Borrower othenvise ngree in w�iting,any applica�ion of proceeds to principnl shc►II not extend or
<br /> '��' st ne the due date of the manthl a meMs referred to in arn h� I und 2 or chan e the umount of thc n mente. If
<br /> o._�,.�:,,� P� P� Y P Y P S�P � � P Y
<br /> under paragmph 21 the Property ie ucquired by Lender, Borrower4 right to any inauronce pollcies and praceeds resulting
<br /> � � �'�`-'`"-" � from damege to the Property prior ta the ucquisition ahull pasa lo Lender to the extent of the sums secured by this Security
<br /> � � lnstrument immediately prior to the ucquisition.
<br /> __ � 6. (kcupancy, Preservation. Maintenance and ProtecNon of the Property; Borrower•s Loan Appllcatlon;
<br /> � =_�=;,�; � LeasehoWs. Horrower shall accupy,eslnblish,and use the i'�aperty as aorrower's principsd regidence within sixty dayx aft�r -
<br /> - -°- ��"='�_, the execution of this Securlty Instrument und shall contim�e to occupy�he Propeny as Barcowerti principul reaidence for at
<br /> �"�`�`'��`r Ienst one ycar ufler the date nf accupancy, unless Lender o�herwitie ngrees in writing, which consent shull not be
<br /> ��" �„^�y:��• unmasonubly withheld,or unlexs extenuatinR circumstunces exist which ure beyond Bortnwerc control. Borrower xhall not
<br /> �y, ;, bn��.'• destroy,damage ar irnpair the Fkoperty,allow thc Propeny to deterioratc,or commit Ha+te on the Property. Bonower shall
<br /> � �" ti .;. .� be in defnult if any forfeiture uctian or praceeding,whether civil or criminal. is begun ihut in Lender's good fuith judgment
<br /> = could result in forfeiture of the Propeny or otherwise materially impuir the lien crealed by this Security Instrumenl or
<br /> -_ �� ���� L.ender�security interest. Borrower mny cure such a default and remxtate,as provided in parngr�ph 18,by cuusing the ac�ion
<br />--°�.�� •.,:.'�S'�-•` or proceeding to be dismissed wi�h a ruling that,in Lender's Faad fnilh determination,precludes forfeiture of the Borrower's
<br />'; :' :�.a ,;���; i�terest in the Propeny or other muteriul impnirtnent of the lien creuted by this Security Imtrument or Lender'.s cecurity
<br />:� ��:�. ° '�; � interest. Borrower shall ulso be in defuult if Borrower, during �he loun upplicution proccti�, guvc �nulcrially fulse or
<br /> :, :�y�. inuccurate information or stntements to Lender(or fuiled to pravide Lender wi�h uny muteriul inforrnu�ian)in cannection with
<br /> �..� .-� �a,� "'�" _r.� the IoAn evidenced by the Nole, including, but not limited to, represenlations conceming Borrower'.s occupancy of�he
<br /> - �� �r.. �� Property ag a principal residence. If thix Security Instniment is on u leusrhold,Borrower xhull comply with ull Ihe provisions
<br /> �"•',."��•'.. of the lea+e. If Borcower�cyuires fee titic to the Propeny,�he lensc�hold and�he fee ti�le,hall not mergc unless Lendcr ugme!�
<br /> ^:''`��'`; ��d � ta the merger in writing.
<br /> ` ' 7. Proteetion oP I.ender's Rlghts in the Properiy. If Borrower fails ta perfonn the covenunts and o�rcements
<br /> '" "� '�'"' cantuined in this Security Mstrument, or Ihere iti u legul proceeding iha� muy significundy uffect Lender.l• righ�s in �hc
<br /> .�� • ' , ' �' � " Propeny(such us u praceeding in bunkruptcy,probntc.fo�condcmnution or f�rfci�urc or to cnforcc luws or regulutionsl,then
<br /> ,�C'• ��• - Lender muy do und pay for whulever is necessury �o protect ihr vulue of the Propeny and Lendcr's rights in the Pr�iperty.
<br /> Lenderc uctians may include puying uny tiumx srcured by u licn which hu�prioriry over this Security Inztrument,uppeuring
<br /> " �-'� .�r•�� �•�» in court,paying reusonable uttorneys'fee,und cntering on the Pmperty to muke repuin. Althuugh Lender muy �uke action
<br /> • -�+�'"� ' under this pa�gruph 7.LenJer does nut huve to dii so.
<br /> ; �'«''�• � Any umounts disbuned by LenJer under thix paru�rnph 7+hull tx�comr udditional debt of Bi►rmwer securcd by Ihis
<br /> '""�"""`' �"` Securiry Instrument. Unlesti Borrower und Lcndrr u�ree�o alher�erni+of pnymcnt,thc�e i�mounts.hull Ixur interesl from Ihe
<br /> �.~ dale of disbunemcnt at thc N�te rulc unJ ,hull hc puyublc,with imen�xt,upon no�ice fmm Lcndcr�u 8orrower reyuextin�
<br /> . � ,°!'�`�.", " puymcnt. _
<br /> �."�� 8. MortgaQe Intiurance. It'Lendrr rcyuircd mong.�gc in.uruncc i�s u ronditiun uf muking thc loan scrurc�l by�hi.
<br /> ;�2._ - Security Instrument. Borrower shall pay the premiwnx reyuired tei main�uin the mon�•rFe in,urance in eff'ect. If, for uny
<br /> '`"�'r:: � n:nson, ihe monguge inxumnce coveruge reyuircd by l.end�r lupses i�r rcu�es lu Ix in el'fecl. Burmwer shull psry �he
<br /> � ° ' premiums reyuircd tu obwin covcrugr tiub�tuntiully cyuivalcnt tu Ihc mort�:age intiuranrc previously in eF1'crt, •rt u ru�l
<br /> -;;�^ � " • �ubsluntiully eyuiv:dem w�hc ro.� �o Burrowrr uf Uxr mongage intiuruncc previou�ly in rlicct. from an ahemute murlguge -
<br /> . •.��: ° . insurer upproved by l.cnder. If xuhx�antiully eyuiealrnt numga�c insuranrc ru�•erugr is n�n uvailaMe. Bnrri�wer�hall puy tu
<br /> �:.;. Lender each month u sum eyuul lo onc-Iwclt'th of Ihc yeurly monguge intiur;mce prcmium Ixing p•rid by Borrowrr when lhr
<br /> ''��' - � insurunce coveruge lupsed or cra+eJ t�i Ix in rffrri. Lender will nccept,u�c und rctuin these puymen�.uz a lo.s�rtiervc in lieu
<br /> a°i�;:.,'r*�1L a- , of mnrtguge insuruncc. L.oxs r�scrvc payment. nmy ni�longrr Ik requirrd. at thr<�ption �if Lcudrr, il'mongugc inzurm�rr _
<br /> ' • covcr�gc(in 1hc amount unJ ti►r Ihc�xri�xl Ihal LcnJrr tryuirr+l priwidrJ hy au in,urcr a�rovrJ by Lendcr ugrin Ixcomc� -
<br /> � ���``. m s;��' i�vuilnble und ix oMtuincd.Born►wcr tihull�ay Ihr premium+nyuircd lo nminli�in m��riEugc inwra�xc in�fl'rrl,ur 1��proviJr a -
<br /> " Icitis rcurve.until thr nquiRment for murtEugc insurunce rnd,in ucrard;�nrc��iih emy wriucn.��.rcrment lntwern Borrowrr �_
<br /> ' nnJ Lrnder i�r•rppliruBlc law, r
<br /> „ ., 9. In.speclion. l.cnder or ilx agcnt may ntakr mo�onuMc rntrira upun :uxl in,�xcti��n.��f the Pn�xrt�•. Lender�hull �
<br /> ., „ ° Five Borrowcr nu�irc ut�hr timr of ur prior to:m im�xrlion.�ril'yin�rratiun.�hlc rau+r li�r�Ik in.�xc�ion. -
<br /> . 10. Condemnation. The prixrrds�it'any awi�rd��r cl:iim ti�r J:un:igrw dirc�t ur rumrqucniial.in r�mncrlion with su�y p
<br /> tim�li I•amil�••Funnlc�fudFrcddfr�luc t'N!F'/1R\t 1\ti'I Nl 11P:\"1'--l'mlunu('u�rn.mi, 7i4e ya,q,•r„�r,�y�„•.� n
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