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<br /> petioda thu l,ender�oquira. 'llie in�urwice curkr prnvidin��ho in�ur�nco�hall be chasen by 8ormwer Rubject to LaderS�
<br /> app�ovAl which�11 na 6e un��bly wlthixW If Bnrruwer fails to mafntAfn coven�e descdbed above.I.ender may.u
<br /> Latder'a option.obnin coverago to proteCt L.ander'e dghts in the Propedy in accordance with pam�rnph 7.
<br /> All Insur�e policies and rcnewalr�lall be acceptable to Lender wwi shnll(ncluda a st�nd�ud mortg��e cl�u�e. L,c�ukr
<br /> shall havc the right to hold the policies�nd rcnewals. Yf Lender rcyuirec,Borr�wer Rhall promptly give to Lender�II roceiqa
<br /> • of p�id prcmiums ond renewal noticcs. In Ihe event of loss, Barrower rholl give prompt notice w the fr�cunu�ce cartier md
<br /> l,ender. Lender may nwice proof of loss if not made promptly by Bomowcr.
<br /> Unless Lender and Boaawer otherwlse ngrce in wrlting.insurance proceeds shall be appHed to restornlion ar oepsir of
<br /> ; ' tho PropeRy domaged.if the rcstoratio�or repair is econornkully feasible and L.ender�s caurlty is not lessened. !f Ihe
<br /> r�estorotion or rcpuir is not economicnlly feasible or Lender 4 security would bc lessened.the insurance procads shall be
<br /> .�, applial to the sums secured by this Securiry Instniment.whether or not then due.with any excess paid to Borrower. If
<br /> Bo�rower abwidona the PropeAy.ar dces oat answer within 30 duys a natice from Lender thu the incuranco cartier hos
<br /> offered to settle a cleim,then 4ender mey collect the insurance praceedx. Lender muy use the proceeds to rep�lr or restae
<br /> the Property ar to pay sums cecured by this Security Instrument.whether or not then due. The 30�day period will be�in when
<br /> the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any upplicAtlon of proceedR to p�incipul shall not extend or
<br /> postpone thc due dutc of the monthly payments referred to in paragmphs 1 and 2 or changc the amount of�he payments. If
<br /> under paragraph 21 the Propeny is acquired by Lender,Borrower's �lght lo any insurnnce policies und proceeds rcsulling
<br /> from damage to the Praperty priar lo the acquisidan shall pass to Lender to Ihe extem of the sums sxurcd by this Security
<br /> .,. • ,� �� In�trument immediately prior�o the acquisition.
<br /> ' ;,�;3�=,�,. fiF�� 6. Occupancy, PreservAtioa, Mpintenaace nnd Protection ef the Property; Borrower's Loan AppUcatioo;
<br /> "f _�_ LeasehoWs. Borrower shell accupy,establish.and use the Property as Bortower's principal residence wlthin sixty days after
<br /> .:J'. � , Fx „?"Cfi?" the exacutlan of this Security Instrument and chull continue to accupy Ihe Prapert as Borrower's pdncipal residence for at
<br /> �1::..�� ?7i� oa: .
<br /> • �;;��';t-.�,-�•, least one year after the date of accupancy, unlesc Lender otherwise ugrees n writing. which consent shall not be
<br /> .. �`�:,�at'1��� unreaconably withheld,or unless exlenuoting circumstances exixt which cu+e beyond Borrower's conuol. Borrower shall not
<br /> � p..; ; �� . ^� ` destray.damage or impai�the Property,allaw the Propeny to deteriorate, or commit wuste on ihe Property. Borrower shell
<br /> r'`• � •�.'''``' ��'"' be in deiault if ar�y forfelture action ar praceeding,whether civil ar criminal,is begun lhat in L.enderk good failh judgment
<br /> � .. ���.R�1.1�y,t's.;:l ..
<br /> ������.^_;_. ;-,;��•�� could result in forFeiture of the Propeny or otherwise muterinlly impair the lien created by this Security Ins�rument or
<br /> ''��s,;�t �: ,r:%;,��+� l.ender's securit interext. Bomuwer mu cure such u default and reinslate.ps rovided in rsi h 1R.b causin the action
<br /> ��.r�' f,' >.: .,n�`i Y Y P Pa R�P Y B
<br /> ' ;T��.;�.�i,�;��;�f:;�4� ;;.� or proceeding ro be dismissed with u ruling�hat,in Lcnder's gaod fnith determinatian,precludes forteiture of the Borruwer's
<br /> _'�� y !;.�,f��°j1<�;;.�,; � ,t: inteRSt in the Nroperty or other muteriul impuirtnent of the I�en created by this Security Instrument or Lender§securiry
<br /> � ��. ,�� ,;t' • A interest. Borrower shnll ulso be fn default if Borrower,du�ing the loun applicatian process, gave mnterially false or M
<br /> � .'•`l�� „�',
<br /> ,�•. ,�^: ��.. ,.. ,,.�� inaccurate informAtion or stntements to Lender(or fuiled to provide Lender with any material information)in connection with
<br /> '�'`' `�"''`'• the bun evidenced b the Note, includin bu� not limited to, re cesentntions concemin Borrower� accu s of the
<br /> ' ':,'r, ..�:� � Y S• P 8 P� Y
<br /> w ' - ` ' PropeRy as n principul residence. If thi.Security Instrument is on n Iea�ehoW.Borrower shall comply with all Ute provisions
<br /> , " �'"`. ; ,:°"�' of the lease. If Borrower acyuireti fee title to the Propehy,Ihe Icasehold und Ihe fee title shull not merge unless Lender agrees .p�;
<br /> ;y ;�;�';s:� . lo�he merger in wriling.
<br /> 7� • 7. Protectbn of l.ender's Rights in the Property. If Barrowcr fnilx to pert'orm the covenantr and ug�eements
<br /> }`�'� °. . � contained in thix Securily Instrument, or Ihem is u Iegal prarrding IhAt muy significundy uffect Lenderc rights i� the
<br /> j,,r,�;,._ ,. . Property Isuch as a proceeding in bunkruptcy,pmbsue,far rondemnation or forfeilurc or to cnforce luws or regulations).then
<br /> : . . ''•, I,ender m�y do and pay for whutrvcr is nrcessury w prot�w[ thc value af thc Propcny and LenderK righls in Ihe Property.
<br /> � ' Lender�actions may incluJe puying uny sum�scrured hy a licn which has priority over this Security lnstniment,appearing �
<br /> v.,�
<br /> �' s : :�{:`�' ' in court,pnying rea�onable unorneys'fees anJ rmrring on the Property to muke n puirs. Ahhough l.ender muy tuke action '�AY.
<br /> •.�:..
<br /> ` under thix paragrc�ph 7,l.ender Joc.nnt huvc to do tio. •��
<br /> �; � •..���.:8��, � Any nmcwntv disbuned by Lender under �hi,puragruph 7 ,hull 6ecome udditionul debt of Bamwer secured by this i�;�+.
<br /> A ° � �+` Security Instrumrnt. Unle�.Borcow•cr und Lendcr a�cr�ti to otlxr tcmis of puymrm.thc.c umoums shall beur interest from the t:
<br /> ��;, � . ^ . °- 4 dnte of disburument ut the Note ru�c unJ �hull hr puyable, K•ilh intrrcct, up�m nuiice t'rom Lender to Norrower requesting �`k•
<br /> . • puymen�. ..
<br /> f� • • 8. MoHaaRe Insurance. li'LrnJrr rcyuircd mi�nga�c inwrumr a.u r�mdili�m i�f muking the loun securcd by this .
<br /> � ' Security Imtrumrnl, Burrowcr shull pa�� thr premium,rcyuired tu maintuin the mongage inwn+nce in effect. If,for uny �`�,
<br /> � �. � � . reason, Ihe mortgu�er insuranrr ro�•er:�gc reyuired by Lencler lup�c�or cciuc� to txe in eFfect, Bormwer xhall puy �he
<br /> , _ . premiumx reyuircd to obluin c�wrrugr whtitun�iully ryuivalrnt tu�hc m�mra,c in.urunrc �viously in effi•cl, nt a cost ,
<br /> , . .. substantially eyuivulenl to the co,t to Bunnacr ot'the muA�a�r in+urunce prrviou,l�• in rt'fecl.from an ul�rma�r mongaRe
<br /> insurcr appmvcd by L�ndcr. If.uh.tantiaU�cyurvalcnt m�xtgu�c in.urnncc ru��crag�i.not u�•uilahlr.Born�wer shull puy�o U=
<br /> LenJrr e:►ch monih•r,um ryual to one-�wrlfth nf thc�•�arly mong�ge in.urance prcmium Ix in�:puid hy Burrowcr when�he .���
<br /> •~ • � � ..,i` �,;;:: : •:• insuranre covera�e Iup�eJ�►r cea�ed lo Fk in eticct. Lrnder«ill arcept.u,c and retuin ilx+c payment+ati u lox,rc�ervr in lieu
<br /> �"' � �• �' uf mongugr in,uruncc. Lo..rr.cnc paymcnt,nw�• no lun�cr t+c rryuirrd.at ihr opiiun ot'l.rnder,it'munguge intiur;uice
<br /> l • covrragc lin thc anwunt and lirr Ihe�xriad th:il Lrnd�r reyuirc.l pruvided h�-an inwrrr�ppru�•cd bq Lcndcr u�oin I+ecame. -
<br /> � r '. : r��~•. � ',�'' uvAilable und i.oMainrd.B��rcu��rr.hall pa�Ihe prrmium,rryuirrJ t��muint:�in murt�:itie in+uranr�in rffecl.or tu�vide a
<br /> � � . • � loss re.crvc,until thr rryuirtment tiir m�mga�r in.urunrc enal.in acrurd:uirc Hith any wriucn u�r�rmrnt br�aecn Borrower s�:
<br /> ; '. and Lendrr or applirahlc law�.
<br /> �� ,. . , 9. Impectiun. LrnJrr or it+agem may ma�.� re:i,un:�hlr emric,u�xm anJ in.�xrtiun.uf the Prupem�. Lendrr +hall
<br /> � •.," , ( ' , give Bomnver nutire at Ihe t�ax uf��r pri��r��,an in��xc�iun.�kcil'�in�:rca,�mahle cau�r ti�r the in��xr�iun.
<br /> s �• � � �, 10. Cundrmnution. Thr pnxreJ.��I'am a��ard or cla im li�r J:un:i�:r• dircct ur cnn.r��ucntial.in conncction with any
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