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<br /> _': perlads thot Lender rcyuirew. 'I7ie fnsurwice caRfer providin�the insurance ahall be chorten by Borrowrr�ubject to Lenderl�
<br /> -� uppmval which shell not be unrcu.�wnably withheld. If Homower fails tu maimuin coverage der,cr:bed above,L.ender tnoy.wt
<br /> - — Loader A op[ion,obtain covor�e to protect Leider A rlQhta in�he Property in accordan��e with paragr�ph 7.
<br /> _ ° AG iuwwmKV�x>Ikiec and rncwal5�tl bc acceptable to Lrnder anel shAll i�x:lude a uyndiud moctguge clauce. Le�ider __
<br /> - ritall have tha ri�ht to hold tho policies otd i�enewals. if Lender rcyuircx,Borruwer�hull prumptly give to Lender ull receipts
<br /> of paid premiums and renewul noticcY. In the cven�oi'loas,Burrowcr ahall give prumpt notice to the inxurw�ce curricr und
<br /> 4ander. Lendcr may mukc proof uf loxc if not mude pomptly by Borrower.
<br /> - Unless Le�er und Borrower uthcrwi�ugree in w�l�ing,insurancc pr�xerd.r.hall lx:upplfed to rcs�oru�ion or r+epair of
<br /> -'�_ - -- -_ ' �he Pruperty d�unagwl, if thc r�yturotiun ur ropuir i� ccanomically featiiblc and Lcnder� �ecurity iti na Ic+rcned. li' �he �
<br /> restoration or repuir ix not cconomicully fecv►iblc or LendcrA xecu�ity wauld bc Icrescned,thc inaurunce proceeds siwll be
<br /> - applied ta the xumx s�ecured by thiR Secu�ity Innlrumcm,whcthcr ur nw then dur, with any cxcesx poid to BoROwer. If
<br /> � Borrower abandona thc Propeny,or doe+�not unswcr wilhjn 3U dayti u notice fcom Lender that the insurunce currier hux
<br /> .--.� offered to seple a claim.then Lcndcr muy cullcrt Uxs insurunce pr�xeed�. Lcndcr muy u�+c�he proceedK to repAir or restore
<br /> -,�= the Property ar to puy xums Mx;ured by thiK Security loxlrument.whether or not Ihen due. 7'he:�(�day period will begin when
<br /> °-- ---- °'� lhe notice is given. _
<br /> _`� Unlcsx Lcnder unJ Burruwcr utF�rwi+e ugrc� in writing,uny applicution of procceeds to principul shall not extend ar
<br /> postpone the duc dute of thr,monthly puymems refemed to in purngruphs I and 2 ur chungc the wnount af Ihe puyments. If
<br /> ����i�i under parograph 21 the Propeny is ucyuired by Lender.Borrowerk right to uny insurunce policies ond praceeds resulting
<br /> ---'�r°�� from damage to the Propetty prior to the ucyuixitiun xhull pnsx ta Lender to the extent uf�he �umK yecured by lhix Security
<br /> • Instrument immediu�ely prior w the ucyuisition.
<br /> -- - '� 6. Occupancy, PreRerv�tton. Nfointenance aad Protection oP the Property; Borrower's 4own Application; _
<br /> _ �"� Leaseholda Bonower r�hull accupy,extabli�h,und ur,e Ihe Propeny usti Borrower�principnl rexidence wilhio sixty duys at'ter
<br /> the execuiion of thiK Security Inslrument und xhall continue ta a:cupy tha Propeny us Borrower:principal residence for at
<br />�� ----- '�°,� lenst one year nfter the date of occupancy, unles+ Lender otherwise ugrees m writing, which con�em nhull not be -
<br /> . unreasonubly wilhheld,or unlesr extenuoting circumstancea exiat which are beyond Borrower�c control. fiorrower sholl not
<br /> =� dectroy,damage or impair the Propeny,ollow the PropeAy �o deteriorute,or commit wnntc on the Propeny. Bormwcr shall
<br /> •--�--��•��?�'_, be in default if ony foifelwre uciion ur proceedin�,whether civil or criminul,ix begun that in Lender's good failh judgment
<br /> - =��g� could rcsult in forfeiture of the Nropeny or othcrwit:c muteriully impair the lien c��ated by ihix Security Ins�rument or
<br /> ,��4��; Lender's securiry interest. Borrawer may cure xuch u defaul[und reinatute,ua proviJeJ in parugruph 18,by cuusing the uction
<br /> ----=-=-- or proceeding to be di�smisxed wi�h++ruling that,in Lcnder�good fai�h detcrminulion,precludcs forfci�ure of the BorrowerK
<br /> --_����-- interext in the Propeny or ather materiul impuirnient of the lien creuted by thia Secu�iry Inxtrument or Lender's W:curiiy
<br /> _—- ° interest. Borrower shall ulso be in defuul� if Borrawer, during �he loan upplication proccss, guve materially fulre or
<br /> - -- inaccurate informntion or atutemenGti to Lender(or fuiled to provide Lender with ony muteriul informationl in connection with
<br /> ._--._.-�;,a;,-. =.• the loan evidenced by the Nate, including, but nut limit�d to, reprcxen�utiunx c�nceming Borrowerw accupuncy of the
<br /> ---" � Propeny ati a principal msidence. If this Security Ins�n�ment is on a leusehold,Borrower shull wmply with all the proviwions
<br /> �`-''�•� of the lease. If B�rmu+Pr ac�uire�c fee tiile to�he Propeny.the leaschold und thc fec litle xhull not merge unless Lender ugreex
<br /> .�'�'°:� � to the merger in writing.
<br /> =�-�'�°� 7. Protection oP Lender's Ri�hts in Ihe Property. If Borruwcr fuilx to pe�lorm �hc cuvenuntti und aArcements
<br />-,-�,._. .,�,•
<br />-- --- _ ,.�� contuined in this Security Instrument, or �here is a legal pr�x:eeding lhut muy significanlly uffect Lender's rights in the
<br /> _ � ;;, Property(such a�a procecding in bunkruptry,probule.for cundcmnutiun ur forfeiture ur�o enforce luws or mgulutions).�hen
<br />-- ' Lender muy do and puy for whutevcr is nece,yory w protect thc vulur of�hr Propeny unJ Lendcrti rights in the Proprrty. -
<br /> �'��° e�:.�. � Lender w uctions muy include puying uny+umx securcJ by u licn whirh hus prioriry uvrr thi+ Security In�trument,�p�xarmg
<br /> �!'� in court,puying rcuso,iublr •ritumeys'fec,und cnt�ring on �he Propeny �o mukc rcpuin. Althuugh Lrndc�m�y lake urtiun i
<br /> �-�:'s�''.'•""'� under thix pua►gruph 7.Lcndcr d�xx not havr�o Ju sn.
<br /> �� �,'�l •-�c',� Any amounts dislwrscJ by LcnJrr under Ihi�puragruph 7 ,hull Ixcomr udJilional Jrht of Borcowcr�ccurcd by Ihi+
<br />- " ' S�curity Inslniment. Unletis Burcuwer und Lrndcr ugrre to uthcr trrni,ut'puytnent.�hctic amuuntr,hull lxur intere+t from the
<br /> -�;�:L''a�b�� date of ditibursement at thc Notc ru�c und shall lx puyobl�,wi�h imere,t,upc+n nulirr from Lcndcr to Borrower reyuewting
<br />;�,�.;, �• .,',�'� pnyment.
<br />---�"�,,;;; 8. Mortgage Insurance. li'Lcnder rcyuired modgugc in�uruncc u.u conditiun��f muking thc loun ticcurrd by �his
<br /> -�- Security Instrument, Borrowcr .hull puy th�prcmium.re��uirrJ �o mointuin thc mungugr in,uruncr in ct'fect. If, for uny
<br />_-� ',,��''��_.;4' reasun, the mortgu�e insurunce coveroge rcyuirrJ by Lrndrr Inp+r. ur cru.r, to Ixr in uftc�•� Borrower .hull pay Ihc
<br /> �:�'y_`S"�''` ' � premiums reyuireJ tu obwin covera�te �ub,tuntially cyuivLlcnt lu th� morl�tuge in�urrnce �viouxly in cl'fect. a� a ru.t
<br /> � wubstuntially cyuivrlrnt to thc ruxt tu Bwruwer uf the morlgagr in.urunre prrviuu+ly in elfcct.1'rom un uhemute mixt�xvge
<br /> ° _ �•� ;' insurcr approvrd by LcnJer. If substanti•rlly cyuivulrnt m��hgugc in.uruncc covcrugr is nu1 avuilublr. B�►rrowcr�hull puy iu
<br /> _ Lcndcr cach monlh u+um ryual lo onr-Iwc117h ut'thc ycarly mongogr in�uruncc rrcmium L►cing paiJ by Borrowcr wlkn dir
<br />�''�'-`�" ' - •� ` intiurunce covcrugr Iap.+eJ urrcuxYl tu tx in el'tirt. L�nJer will accep�.utie.mJ rctain thr+r payment.•r,n lu,ti rc+rrv�in lieu
<br /> �:�d' • of mongugc in.urunre. Lu.� rc.crvc puymrntz muy nu I��ngcr Ik r�yuircd. sd ihr opli�m ut'LcnJrr. i(morlgagr in.urunrc
<br />--_,��,�5i�• ' � covern�e(in the umuun�w�J ti�r thc�xrial �hat LrnJer nyuirc,)proviJ�d hy an in.urcr appruvcJ by Lrnder uguin lxcom�s -
<br /> uvailublc:u�J ix ubtaincJ.Borcowcr.hull puy Ihr pRmium.rcyuircJ tu nwintuin mungugc in.uranrr in clTrrl.ur to pruviJc a
<br /> :'�� .. • � loss rescrvc.until the Ryuiremenl titt murtgagr iinuruncc enJ.in iircordmirr wilh uny wrincn agiccmrnt lxtwecn Borcowcr
<br /> - � . , und Lcnder or applicaAlc I�w.
<br /> • 9. Inspection. Lcnder or i��agcm may makc rcu.uiuihk rnlric,uprn�:mJ in,r�rliun�ul'Ihr Pro�xrty. LrnJer.h�dl _
<br /> ` give Borrowcr nu�irc ut the timr uf��r�riur�u an in��xc�inn.�krifyin�:re:uun:�hl�cau.c li�r ihc in.�xrlion. -
<br /> 10. Cundemna/lun. 11i�pr�x•redti��I':u�� :iw:�rd ar cl:iim t„r dam:�gr..dirrri��r run,ryurn�ial.in runnrr�iun wi�h :my o
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