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<br /> perbd�that L,ender roquirer. 71�o in�urmoa cWrler pavidin�tha fncuninc�e ahall be cho�rn by Hormwer subJect to L.aider�
<br /> �pp�or�l whk�h chall not bo unneasonAbly wlthheW. IP 8arower f�ilr ta mafnta4�wvera�e descdbed above,l.ender m�y.�t �
<br /> I.aiderl►oplion.aM�+ln cover��e t�pratect Lender's ri�hu in the Prop�ty in Rccord�x�e wlth pua�raph 7.
<br /> � All inru�nco policies�nd renewdr ehall be acceptable to l.ender and riwll includa a�taridard moriQ�ge clau�e. l.ender
<br /> sh�ll have�he right ta hold Ihe poliaies and rcnewAts. If l.ender roquia�.Borrower ehall prompily give to Lcnder all rocsipls
<br /> of pwid premiums u�d tenaw�l�roticea. In the event of loss.Bwrower shall�ive prompt notire w the inw�c;e carrlcr and
<br /> ' L.ernkr. Lender m�y mwkc proof of loaw if not made ptomptly by Borrower.
<br /> __ Unless Lender and Bormwer otherwise agrce in writing,insurance proceeds shall tse opplied to resto�atian ar repair uf
<br /> the Property damAged.if thc restomtion or repAir iw economically fcasible und Lenderk�ecority ia nat lessrned. IP the
<br /> ca
<br /> ' t�ectm�tion or nepair is�at ecotsamically feasiblo or Lender�x sccudty would be lessened,tha ii�curance proceeds xlull be
<br /> �� applled tu tha suma secured by this Security Instrument,whather or nat then due,with ony cxcess paid to Bc►rtower. !f
<br /> i Bomower abandone the Property.or dces no!answer wi�hin 30 d�ye s� natice from l.ender that the lncuronce cenier har
<br /> offercd to settle A claim,then L.ender mn�collecl the insurance procealx. L.ender may use the procceds to repair or rcstoro
<br /> the PmpeKy or to pay sums sxured by th�s Security Instrument,whether w nat Ihen duc. 7'hc 30�duy pedod wil!begin when
<br /> the notfce is given.
<br /> Unless l.ender aad Barower o�herwjre agree In writing,any upplicatfan of pmceeds to p�Incipal shall not extend or
<br /> pos�pone the due date of�he manthly payments refemeci to in parag�s►plis I and 2 or change the nmount of the paymenis. If
<br /> under parAgruph 21 the Property is acquf�+ed by Lender,Borrower� dghl to any insurnncc policics and praceeds ncsuiting
<br /> from damage ro the Pinp�rty prior�a the acyuisidon shatl pass to Lender to the ex�ent of the sums secured by thia Security
<br /> Ineuument immediatety prior to the acquisition.
<br /> �,�:�,;`. y 6. Occupaocv, PreservAtlon, MAintenAnce pnd Protecdon of the Propet�ly; Borrower's I.o�n Appllcation;
<br /> ��� �' ` '•�;� •�� • ` I.eaSehoWs. 8arrower shull cecupy,eslublish,and ure the Properly ps Borrower's princlpal reaidence wi�ltin eixty duys after
<br /> .;;•. �?, -.� the execution of ihis�Security Instrument and xha11 continue to accupy the Propeny a�Borrower§principal recidence for a�
<br /> ' �`� lea.wt one year atte� the date of accupancy, unless Lender otherwise agrees in writing. which ccMSent shall not be
<br /> ��'^ ' s'.��� � .,, unrea.conubly withheld,or unless extenun�ing circums�ances exist which are beyond Bomnwer!�control. Borrower shall not
<br /> "�:� `��1� ���:'•��' � destro ,dumu e or im ir the Pro rt ,allow the Pro to deteriorute,or commit wuste an thc
<br /> ;...,...,.... -�, Y g P� P� Y PenY Property. 8orrower shuli
<br /> �� Y��w,: ' be in defaull if any forfeieure action ar praceeding, whether civil ar cdminal.is begun that in I..ender§gaod fAith judgment
<br /> iii'f�l,:.. , •`k�"'".�'•�•�� could result in forfeiture of the Pro or otherwixe mAte�iull �m air the flen creuled 3� this Securit Instrumem or
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<br /> •�- ' ��� ���4,J,����;'�� Lenderh xecurity interes�. Horrower muy curc such u defuult and reinx�ate.us provided in piuugraph IS.by causing the acti�n
<br /> )�..i.�'`�;.`��:�'`.�:�'r� or proceoding to be dismissed with A ruling thut,in Lender v good failh determinution,precludes forfeiture of the Borrower's
<br /> ' . '>�=j�'?:'=;;�,l:,r�:;;:�;.':� interest in the Praperty ar other materipl impuirmeM of the lien creut�d by t6is Security Instrument or Lendere secu�ity
<br /> �� �i;'�;i;�:�'.�;.�''�+.}•'y'��,, interest. Borrower shall also be in default if Borrower, durin the loan A luation racess, ave mnteriull false or
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<br /> ,i ;;���.'�,�{�.�.,� :,f���,' �� ineecumte informatian ar statemen�s to Lender(or failed ta pmvide Lender with any materiul informetion)In connection with
<br /> �•••• . 'r:--•;i:., .. ..;;;,:;>;ux: the laan evidenced by the Note, including, bul not limit�d to, reprer+entntions conceming Borrowerk occu ane of the
<br /> x�:�, �. �' '+�.,:�.,�`•� Properly as a principal recidence. If this Security Instrument is on a leusehold,Borrower vhall comply with ull the Qroviaions
<br /> , �.. •.;; ... �,h,y.... of[he iease. if Bomower ucqu�res tee�i�le to the Praperty,the leacehold nnd the fee litle shall not merge unless Lender agrces •
<br /> 4'' "'' .;r;�."�•• tothe merger in wri�ing.
<br /> !�.' • '��,�'�r„ � '" ' "' � 7. Protection of I.cnder's Rights in the Propeny. If Borrowcr failti to pert'orm the covenants a�d agreements • � .
<br /> ' �:.'{����t?"��� contai�ed in this Securit Instrument, or there is u Ie ul raceedin thu� mu ti� nificanU affect Lende�'s ri hts in Ihe
<br /> ir... : � ..,.� • , Y 8 P B Y •'�8 Y B
<br /> ,�:•• ;',•,; �: �'�.•�t�,';';�!', Property(sueh ac a praceeding in Munkn�ptey,probute,lor rondrmnution ar f�rfei�ur�e or to enforce luws or regulutiona),then
<br /> r, �'� Lender may do und puy for whotever iz neceti,;�ry to protect thc vulue of ihe Property und Lender's rights in the Property.
<br /> • ,t' . Lender�uc�ions may include puying any sum�securcd by u lien which hu.priorlty over thix 5eru�lly Instrument,Appeuring
<br /> � ".�t�: . , , � in coun,paying rea�o�able altomeyx'fee+und emering on the Pro�:ny to muke repuin.Although Lender may take action
<br /> '' ' ' .' . ' • under this parAgruph 7.Len�kr dcxs nix hirvc to Jo.o.
<br /> u; , =j,,,�', ,. ,,:�,.�.� Any Amounts di.r•huneJ by Lender under thi+ purugroph 7 ,hull lx:rnme aJclilionul deht of Borrower sccured by this
<br /> , . Security Insuumen�. Unlex�Borrower und LrnJrr ugrce w o�hcr temir ni'puymrm,thek umoums tihull bcur imerest from the
<br /> �� dute of dislwr,emcnt nt�hr Nnte rate unJ xhull be puyuhte, with intcrext,u�m noticr Prom LenJer to Bormwer reyuexting
<br /> '�� , ';'� . • puYment.
<br /> :' 8. MoMgAge Insurance. If Lender rcyuimd murtgu�c intiurunrr v.a conditicin iii'muking�he loan.ccured by Ihis
<br /> �;:� + • ; Security In�trumem. Borrower.hall pay �hc premium. nyuimd �u main�uin thr m�inguFe inxumnce in effect. If, for any
<br /> ;���h , reuwn, the mongage in�urunce roverigc rryuired by Lender lupse+ur crauti t�i Fxe in effec4 Borrower ,hull pny the
<br /> �'�;., premiums reyuin�d to obtain coveruge +uba�amiully equivulent ti� the munga�;e in+urance prrviou�ly in effrc�, at a cmt
<br /> ;��. - •- - - . substunliully cquivalcnt to thc cc�at to Borrow•cr of tlx murt�.ag� in�urancc prcciuu,ly iu�fi'�:t, t�rom:�n a{icniatc moRgaFe „
<br /> ' insurer upproved by Lend�r. 11'wMst.mtiully eyuivulrnt mungu�c imuruncr co�•emge ix not uvuiluble,Bormwer tihul) pay to
<br /> r. a�t•• ' • ' • Lender euch month a.um equul to�mr-twrltih�if thr yrcirly mongugr in,ur�nce prcmium F+cing p•rid by Borrower when�hr
<br /> �� �• '��:�.. insurance rovcruge lapsrd arreuxed to tk in rffrcl, l.enJrr will uccept,u.r and retuin�he,e�ymcnh as u lo»rrscrve in lieu
<br /> - '�'" . of mongugc inxurunce. Lcnx rc�crvc paymrn�. muy nu langcr Ix rcyuimJ,ul �hc option nf l.enckr,if monguge imur.�ncr yi•,
<br /> � '�,,, ,�;; ..���,Ir•. �=� covernge lin�he amount ond ti►r tlx�xrial�hat Lendcr rcyuire.)pruvided by an insurrr approved by I.�nJc�u�!uin hernmes s!;Er.
<br /> -,�+r•. ° availnhle und i.obtuinrd.Barmw•rr,hall puy�hr p�t mium+rcyuircJ to maintain m��ngage in�uranre in cil'cr�.ur to pmvide u
<br /> �ti�� "�s�'��'''.''`L • los.rc,ervr,until ihe neyuircmcnt fix mon�ugr in,uruncr ends in urr�ml:uirr with un��wriltrn u�!rcement hetween Borrower
<br /> T . : �nd Lrnder or upplicable luw. :°•.
<br /> '•d r < �'� 9. InspecUon. Lender or i��•rgrnt muy muke rca.onaM�rnlries u�xm anJ in��xc�ions i�f�he Pruperey. Lender�hall
<br /> a,,: •
<br /> �.� ' t • give Borrow•er notice a��h�tinx ot'ur prior�u•rn im�:ctiun.perifyin�reu,ona b lr rau+r liir t hr im�r�ion.
<br /> 10. Condemnption. 71K pnxccdti ol'an��uwurJ or claim ti�r Jumagr.,dirert ur con.cyucntiul,in ronnec�inn with any
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