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<br /> periods th�l Lendcr roquircs. The inawunse carricr provlding the insurance shall be7Aiaen by Bormwer subjat to l.endcrk
<br /> . spprovd whkh�hall nM be unrc�onably withheid. If Bomower Pails lo maintAin cover��e dcscribed abuve.Lauler nwy.�t
<br /> Lawk�ti option.obtain coverage to protcct Lendcr's righla in the I'n►perty in occor�dance with Ewragtaph 7.
<br /> All insuriutce policfes und renewAls slwll be accaptable to L,ender and shall include a standard mortguge claure. Lender
<br /> , ahAll have�he right to hold the policies u�d renew�ls. IP l.ender reyuires,Bortower shull promptly give to l.ender all rcceipts
<br /> of paid prem(umx and rcnewal notices. In Ihe event of lo�s. Borrower shull give prompt nwice�o the fnxurance c�urler�nd
<br /> �' LeMer. I.ender may mnke proof af loa.�i f nat made promptly by Borrower.
<br /> , ,� Unlesa Lender and Borrower ot{xrvvise agree in writing,inxurunce pmcaeds shell be applied to�eataratlan or�epoir of
<br /> _ �he PnK+erty damnged, if Ihe restomlinn nr rcpair is economici+lly feavihle and l.ender� �ecurity is nc►t lesvened. If the
<br /> �`"*' rcsloralion a rrpair ia not economically feasible or Lender R recurity would be lessened. iha insuronce proceeds shall be
<br /> ;'� upplied ta�ho Rumr+secuKd by this Secud[y Ins�rument,whe�her or nW then duc,wi�h uny excesx puid to Borrower. If
<br /> Borrower obundonx the Property,or does not answer within 30 days u natice from L.ender that the insumnce cumer hus
<br /> � �•i off'ered to seltle a cluim.lhen l.ender muy collect the insurance proceeds. Lender mAy ur.e ihe proceedx to r�pair or restore
<br /> the Propeny or to puy sumK secured by�his Securi�y Inwrument,whether ar not then due. The 30.duy periad will hegin when
<br /> the notice ie given.
<br /> ,,�.. .,�.. Unlesv Lender and Barrower atherwise ugree in w�l�ing,uny upplication af proceedx ta principal shuU oot extend ar
<br /> postpone the due dute of�hc monihly paymenta referred to in parrgraphs I and 2 or chunge�he umount of Ihe puyments. If
<br /> • a��t:',,..,�4�.., under parogmph 21 Ihe Property is acyuired by Lender, Born►wer� right to uny insurancc:p�licie�and proceedti resulting
<br /> �.;�.. from dumt+ge to the Propeny prior to ihe ncquisition shnll pass to Lender to the extent of tlx sums vecured by this Securiry
<br /> 7 . . � •�, In�tniment immediutely prior�o�he acquesiiion.
<br /> - �. ��;-...: •' >:,;Es;•'�:�;�d 6. Occupancy� Preservwllon. Maintenance and Protection ot Ihe PropeMy= Borrower's Loan Appllcalion:
<br /> "� �. , ��;s,::':�`", + Ixasehold�. Borrower shull accupy,eu�blich,u�x,i use�he Pcapeny a�c Borrowerk principul residence within siaty doys ufter
<br /> .�,' � :;,:;,��::.:.5:",�r the execution of�his Securiry Inurument and �hAll continue to accupy the Praperty as BoROwerk principal rexidence for At
<br /> " �-�� -� r• -j•�ia�::°� lenst one year ofter the dute of cxcupnncy, unless Lender otherwise ugrces in writing, which consent shnll n�t be
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<br /> : �:: . <<<.,.:�:.-..,:•, unmu.wnably withhald,cx unkss rxtenut�tinR circumspmcex eaixt which Are tieyond BaRawer z caitml. Bo�rower shall nat
<br /> • f ,�,,;�.•,.;`,',;;`.;; destroy,damnRc or imp�ir the Propeny,s�llow the Property to detcriarutc,cN commit wmeie on the Property. Borrower shull
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<br /> ��;. � ,, � be in defuuh if'any fnrfcilure arlion or proceeding,whelher civil or rriminul,is begun that in Lender�g�xKi fui�h judgmem
<br /> ��'��''` ' cauld result In forfei�ure of �he Pro ar otherwixe muteriull im uir the lien rrea�ed b this Securit Ins�rument or
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<br /> `•' ;:• '�� ° � • Lender's securit intercst. Borrawer ma cur�,uch u Jrfuult und rcintiw�c,ax rovided in aro ru I R,b cuusin the s�:tion
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<br /> ;; ,'�,' + ,�;;�y;:Fk:;;;�:�;•�..;,:,�;;� o�proceeding to he dismiss�:d with u roling�hat,in l.ender's gixxl fuith determinulion,precludeti forf'eitun�of Ihe Borrower ti
<br /> `4+ ' • intarext in �he Ropeny cx other materiul impairniem af the lien rrcoted hy thi. Sccurity ln�trument or Lendcr's security
<br /> � ` ��,;¢°�'�'-��;���.`'"� intarest. Borrower shull ulso be in default if Borrower, during thc loun upplicution pracesx, Euvc materiulty fulsr or
<br /> '�: ' , , inuccumte infi�rmution or s�utements to Lender tor Puiled t��pruvide l.cndcr wi�h uny mutcriul inPormution 1 in connection with
<br /> „ . �,5;�.:ua. .�,;,Yy �he loun evideneed by the Note, inrluding, but nnt limited in, rcpre.emuliun. conceming Borrower� ckcupuncy of thc
<br /> ;.� Rnpcny as a principal residrncr. If Ihrs Security Instrumrnt is on u Icusehold,Borr�iwer shull comply with u0�he provisiaos
<br /> _ ...,> . of the leu�c. If Bnrrower acyuirex fe�title to the Pm�xnv,th�IeukixilJ und�he I'cc�iUe shull not merge unletic Lcnder ugmes
<br /> , 4r •• :.'. ' ~^ . tothe mergerin writing.
<br /> � ��,:. ' ,,, „;,_ ..,;" 7. Pmtecliun oP Ixnder•s Rigbts In the P�operly. If Som�wrr fuil� to p.rf'am��hc covcnuntr and •rgrrement�
<br /> � � "' "S � romnined in�his Sccuri�y Inr�rum�n6 or�hcrc i. L Icgul praccding thut mu}• .ignificunqy ut'fect Lender: righl� in thc
<br /> `•' �� '•,'��1i".'�� 'i��}�li.: 1�' Pn►perty(such si�n pr�xrrJing in bankruptcy, prohutc,li�r rundemnution ur fort'eitum nr ta ent'arce IuwA or�egulutions 1,then
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<br /> . ,, M� � :;<<.,,,,,..,, l.ende�may do und pay fi�r W�hatevcr ix neccr.sury to pmtrrt Ihc valuc of Ihc Pro�xny und Lender:rightx in �he Prupeny.
<br /> �'�.t , •�.��1;:;�,'�':t��� Lendert uc�iam mu inrludc u im�an ,um,+rcurcJ h�a lirn�vhich ha� riori� ovcr Ihi�Scrurit In,trumcnt,u
<br /> Y p Y r Y • ) P Y Y Pfkaring
<br /> � A �`,� � ��<<r;;;iye%" in court,puying rr+�.oni�f►k:�uoniry,'fce,and entering un ►Iw Pro�xny �a makc repuir..Ahhi�u�th Lender muy tuke uction
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<br /> �•.;<: � . , under thir:parugruph 7.L.ender Ji�e.na h:ive tu Ja,�i.
<br /> `� � ? ,�� • Any umounla di.hun�d hy l.rn�r undrr thi. porugrc�ph 7 �hall Ixcomc i�dJiliunnl dcht of Bom�wer+ecund hy Ihi�
<br /> ,' t '� .. �,'���:��° .. . Security Inrtrumrm. Unlr,. Biirrow•crand Lenil�r ngrcc lo other trmi,of'puymrn6�hr,r�im�x�m,�hull i►cur inlcR,�f'rum Ihr
<br /> ,��- . . /,t`�}�' . dute oi'di�burscmcnl al Ihc Note r:ur anif+hcdl F+e i� ablc. wilh imrmtit.u xm nuticr 1'rom Lendcr tn Bom�wrr re ucuin�
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<br /> ' . . S. Martgeqe Insurance. If Lendcr rryuireJ muh�tugr in�urunrc u.a runditi�m��I'muking thc laun.rrureJ hy�hi.
<br /> � • Scrurity In.lnimrnt, Burmwrr tihull pay Ilx premium�rcquircd lo m��int+�in �h�� monguEc in�ur:mcc in rl'lecl. N�, fi�r uny
<br /> ;.�.., . �:� � ° � rru,on. Ihr mi�ngage in.ururne covcrr�c rryuirrd hy Lendrr lap.r+ ��r reax, 10 Ix in el'frrt. Hnm�wer ,hull puy thr t
<br /> • r . ' , ;,t, ' premium+ rcyuin�d ro oMain ci�vera�c�uh�tumially rquivalent t�� Ih� martpaee in.uranrr prc��iou�ly in et'I'rc�. al a ro,t �
<br /> ;f', .. � xuh,taMiully cyuivulrm �u ihe r.�xl tc�B��rmW�cr ol Ihr mnn�age in�urancr prrviou.ly in eftirt. t'rom nn ulternutc motlgugr :;•;:
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<br /> :, � in,wc�upprovcd by L�u�kr. 1►',uh,�:ui�i.�ll�cyui�al�nt mortgarc in,ur.uSi.c��eeia�:�i.nu► a�nifuhl�.Bi►rrowcr tihull pay tu
<br /> �t.,. . • �::��t'G,`: Lendrr ruch monlh:i sum eyual to�mc•twcllih��f Ihe yrarly nwnga�:r in,ur;mce�«�„����„n��n� r.ii�l h�• Buiruw•rr ahcn thr
<br /> �'' �',�,:: � imur,�nce rovcrs�gr lap+cd��r rcuxd to h�• in ct7crt. Lcndrr►�ill acrrp�.u,c anJ rclain�hr�c�a�•nunl�u�a lus,rc.en•e in liru
<br /> ;�;. of mongu�r in.ur:mcc. La..rc.crrc�:�yment,m:i� no lun��r Ix rrquirrd.;u Ihr uplinn ul LcnJrr.if mi�ngugc in�uranr� �
<br /> • , ' cuvcrage l in ihc amount •rnJ ti�r �hc�xrii�d ihat I.�ndcr rryuirc�� pr����id.d h� an in.urer approvcJ M� Lendcr ugs►in Fkrume. '-t5
<br /> � ';� . avuiluhle anJ i.��h�uined.B�►rn�wer.hull �r,iy the prrmiwu.r�quirrd 1��m:dnlain mon�ag�in,ur:u�re in efferl.or 1u pru��ide:i •
<br /> �;�: •� lu.,reservr.umil thr myuircrnrnl liir m���yEage imurance�•nd.in;�.•curdan�c��iih um am�rn u�r�r»km he�v►�en B��rr��wcr
<br /> •,�. '' +. .„ � und l.endcr or appliraMc la��•. �
<br /> ; ..1 ; . , 9. Inspecli��n. Lcodrr„r il.:�genl ma� m:d.r ma.unahl.rnlri.. u�xm anJ in.prrli�m�af Ihr 1'ru�xm•. Lrndcr tihull �
<br /> t.� � ;•�:'' , givc Bom►�vcr nuiicr;n�Ix lirnr uf��r pri��r w an in.�xrtian��xril'}ing rcu,un:iMr r;iu•r G�r thc in.�xrlinn. �.
<br /> ! , , .� �, �". 10. Coademnation. 1'he�nxecJ. �N any:iaard ur cl:nin li,r d:nna�r..diirci ur run.rqucnli;d, in runnrrti��n with am F
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