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<br /> p�rfodi thit Lender rcyuir�a, 7he Insurance cairier�m NA(pp tiw Inzurenco 6ha1►bo chosen by.�urrower sub]eb�ro I.erderb� � �
<br /> �pprovat whkh an�il not bo unrcasopxbly wiihhcld.�Tf:Rqqpivqrfaile ro malntalnsovcmge ducdbW p6ove,l.ender m�y,�t
<br /> •. 4enderb ppldn;qbi+In coVenye to praat l.en&t§dgfiie in ihe l'ropehy ln nccordar.ca wf�h p+ragroph y, —
<br /> AlI inryu�wha poticka uid rcneWals sha116e�cttptabie to Lcnder uW shalf includo a st�ndurd mortgage clause. I.ender
<br /> nhili luvo tAe right te hotd dro poAdes anA rcnewale. 1f Lender rcqulrcs.Bortower cliall prompiy give�o Lefider 011 recolpe `
<br /> ot p+iid p emlum�ond rcnewal r.otltte. In.tho even�oF loc�;Borrowor ehail givq pmmpt noilw to�he Insuranca carrler and
<br /> 4ender. �ndermay make prooFof Ios�if not mado prom(�ty by Borrower.
<br /> — Unless Lender und Uorrowcr oeherwiw ogrce In,Wd�lttp,lnsurantc proceeda shnll bo epplicd a nsroretioh or ropair of
<br />"°°�—° �he��ty dama�ed,if iho Ruoraiion or rcp,�r.,is econnmicall��,Wasl�ia and Lenderb aecudty is not Iesxned. If�M "'"`�`- -
<br /> rcsioru on or rcpa r la not economlcnliy(aasibla oeR.enderb�ecnNtyWpPid ta lessened,tiro Insuranw probeede ehali bb
<br /> �pQlled to Ihe sums securul by thls$qcudry Instrumenl,�whmhd�m�nnt�iliFn.due,whh any exces�paid�o Rortowcr. It
<br /> Bortower abandons�ho Proppny.or.doca nnt anawwr.withim30 diry5 u,nntic.� fmm�1-¢ndcr�hat�he insurance cartier.ha�
<br /> ofkrcd tu set0e e daim,4hun.l.endcr mag collce�No inwrone:o prrxe.ds. I.endnrmnK�ure�he procecds�o rcpair.or rcsloro
<br /> tia Pro�ny or ro pay wme eecumd by this SFCUdty InFwment,wlinthcror ontthpn dun. 7fie 30•day�dod will hgin when
<br /> tlw not co ia givcn,
<br />---�- -�-- - Unless Lendnr and Rortowcr othprwlrF apree in wditnp,e�iy ep pna�innoEp�4r,ecdF�a.pttncipal shall nol extcnd ai -
<br /> posipoiw the dtlp.dnto of�he monthly pnymeme refarted to in.panpnp�x 1 and 2orchN�pe tLo nmmm�o(the paymcntt. If
<br /> under pazegmph�21 �he ptopcny le acqulred by Lender,6orrorverh nIIhl�tn-eny�Jnrtimnw polleira und proceed9 rcsuJting
<br /> Rom damage�o�hc Property pdor lo�he ecqideidon Rhnll pnss in Lendar io iha ox!nnh of ibc sums acsured by Nis Sccurity
<br /> InrUUmcnt Immedi¢ICIy pdor to�ho ecquisition.
<br /> 6� pecJppncy, Preservntian, Malntennnee und Piromettnn.oP.,thn-PropF*tYi Borrower's I.oan Appikaqoni
<br /> I.eauhaidn�.Onrrower shnll accupy,esinhlish,and uce thn Propsny as Qorrq+var§p�inctpal rcsidence+vi�hin sixty daye eRu
<br /> ..-._ Ihv exaution of Aiis Secariry Inswment nnd shnll cominua�a acupY��bn PrqpFny�ns Bortowerk pdncip3l rcsidenw for et -
<br /> Ieas� ono year aRer No dnto of occupancy, unloss Lender ahcrwi:,e agroee in. �vriHng, whlch wnsent shall not be
<br /> unrcaconably wiihheld,or unless ex�enunling circumxtnnces exi.tii wAich aru beyond Qanower§comroi. Dortower xhall not
<br /> desiroy,dxmago or impafn Ux Ropcny,allow tho Propeny�u dumrinra�e,or comroa wazw on�he Property. Dortowcr shnll
<br /> -- be in defauh if eny fodeiture acdon or procecdinp,wAcihor eivil or crii�tinal,Is begnn Uiat fn Lenderis good fehh Judgment
<br /> could resuit in forteiiuro of�l�o Propetty or oihorwir.e romurinlly-hn�mir ihe lien craa�ed by this Secud�y Insimment or
<br /> _— Lender!sceurity intrrcst. I3ortower may cwv such e defmdt ond minGniu,as provided in paregraph I6,by causing the ncifon
<br /> or procecding to bo dismiwed wilh n iuliu�Umt,in�LenAorl+saod foi�h dete(minarion,prcciudes forfci[ure ot the QorrowerS
<br /> -- intere.st in the Roperty or cUur malerial mipnhmnm�of tha Hen crealed by ihis Secudly Instrumenl or Lender§secudty
<br /> ___ 4�lerest. Borrower shalF oten-bu in.dofnnh�iE Rumo�ee.durinp the Ioan npplicaqon process, gave ma�erielly foke or
<br /> --= innccunin infom�etion orsiut¢mems m L•ender(nr fi�ilnd In p�udulu.Lender wiih any material infonna�loN in connwtion wtth
<br /> '�"- ihe loan evidenced bp tho Note, inr.lndiup, 6u1,nm.�limlind•�n, mprcsentations mnceming Dorcower� oeeupa�tcy of�
<br /> --`=� ProQcrty ns o principa{rcsidcnca If�hiF 3ecurity 1nr7mnmm•in on�u luasehold,Uorrowcr shall eomply with nll lhc provisiona
<br />---.��,. ... :., .
<br />....-- -- af 6�c Ita;::. ::°..ri�;�r a.�u.s fK If.la ia ihc PtapeY�y,thc�cai2hoiJ�in3lhc i<c uuc o�mli nui mcrgc uniw i.cndcr agm�a -�-' . " .' ."
<br /> ---„� ro thc mcrgcr in w�icinp. ___
<br /> . 7. Protaqon oP A.ender's RI�Ap In IAe P�•operty. If Rortowcr feils (o per[ortn �he covenants nnd ngreemenle �_,_�
<br /> -- � wmafned [n thix 8enviry Inswmen[, or�herc is a Iegal praceeding thm may significamly nifec� Lenderk righ�s in �he
<br /> �,y r� Roperty(such xs e proceeding(n hankm��tcy,probaie,for condemnmion oT fodeiwrt or lo enforce la�vs or regulationa),lhen -
<br /> .,�+Y 4); I.ender may do end pay Por�vhntever is necewry w praect�he vxlue of�he Propeny or.d Lenderk rights in�he Ptopeny. __ —
<br /> ?�� I.enderS actions mny incinde pnying eny s�ms suurcd by n flcn�vhich has pdoriiy over ihis Secnriey Instmmem,appeadng �""- �
<br /> �,�,� In coun,paying rcasonable a�romeys'fees and eNedng on iho Rnpeny[o m:Jce repain.Ahhough Lender may�ake actlon �` -"°�
<br /> "S�] under�his patagmph 7.Lendcr docs noi hm�e to do so. [ ��4y$
<br /> ,��'?,] Any amounis disbursed by Lender under�his paragraph 7 shall become addi�ionnl deb�of Borrower secured by Ihie tr'/° . =
<br />_'•--�� Securi�y Insnummt. Unless Dortower and Lender agree�o oiher�erms of paymem.�hex amounec shall beor interes�from�he _y`.��,.;;•:_—�-
<br /> t� v i' da�e ot dis6ursemem a�the Notc ra�c and shall 6c payabic,�vid�imeres�,upon no�ice Bom Lender�o�ovo�ver rcquesling i ^ _
<br /> payment. 1 -'--
<br /> � -. �. 8. Mortgage Insurunee. If Lender rcquircd mongage insurance as a condition of making�he loan secumd by�his k�r��'- �
<br /> �F,�.+ Security Ins�mment, Dnrrowcr shnll pay ihe premiuins rcquircd�o maintain�he mongage insurance In ef(eq. If,for sny �`�' s � '� , ,
<br /> r� rcason, �he mongage insuranee wveragc reyuircd by I,ender I�pu� or ceaus Ia be in e(feci, 6ovower shall pay �he ' ' �
<br /> '.{;�, prcmiunu required to obialn coverage snht�amially eyuivatem ro �he mongnge insumnce prcviously in e(feet, a� n eos� � °4- ��•i�F�%P --
<br /> � k� substantlaliy equivolent Io�he cox�to Dorro�ver of�he mongage incuroncr pn•virni�ly in et(eci.(mm nn nllemn�e mongnge +�-: �i�'*'�3`-�
<br /> - insurcr epproved by Ixnder. 1f+ubsmminlly equivnlcm mongage insurnnce covenge is not uvailable,Oortower shall pay�o ��T��`-,?�'+�'�,+�`-"
<br /> .�J Lendcr ench month n sum eyval m ane•nrel(�h of�hc yr:vly mongnge insur�ncc prcminm being paid by Bortowcr when ihe ��t�� � � '"
<br /> y#� � (nsurenee wversge lapsed or ceased Io be in e((ect. Lender wiil accep�,use and rc�ain theu�aymems+u n Iws resent in lieu ��S -? ' � x"�
<br /> ,�j �, of mongage insurance. L«s rescrve poymems may na longer be reyuircd,at the op�ion of Lender,if mongnge insunnee i -'�. , ,'�..t _�:__
<br /> ;,� eoverege(in�he nmoum nnd for ihe periad thm Lender rcquire.)provided by un imurer approved by Lender ngain becomes - ;� �.
<br /> evailable nnd is ob�nined.Uortowcr shall pay�he prcmimns mquircd�o mnimain mongape insurance m cRec4 or to provide a ,uti� ,�,� �r �.
<br /> A �-^�- foss rcservc,until O�c requirrmrm for mongagc incuranm ends in accardanm wi�h any vrtinen ngrcement beto•cen Dorrowcr • -
<br /> nt ;. nnd LenAaror applicabie law. ������p_. .. , , -�' -�
<br /> � t� 9. Inspec�lon. Lender or i1s agenl mny maAe rcuonable eNricc upon and imptciions of Ihe Propeny. Lender shall ly�i':'
<br /> .:j_` �r give Oorrower nolice al Ihe Iime o(or prior to m im�ction.�ciOmg masonable cau.e(or Ihe inspeclion. � `H�-.
<br /> I0. Condemnalion. Thc raccd.of an awanl nr daim for dama•i� Aima or conu�ucmial,in conna�ion wi�h an %' ^��`��"���<`�-
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