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<br /> ! - pecloda lhat l.endcr roqui�es. The ir.au�ar�ce carrier provldln�1he i�eeuanco rh�ll be cho�en by Borrower wbjoct w I.�snderti
<br /> appmv�l whkh�1w11 not be un�e+�ronAbly aithhoid. If Bmrowor i�ir lu u��intqin covera�e deccribed abovc,l�endor troy.at
<br /> L.endertc option.aMwln caverage to{K+otect i.erKlor'a ri�hta in the�'rope�ty in accordancae with paraQmph 7.
<br /> . Ail insw�nce policies und renewala etiall be rceeptabk w l.en�kr qnd rhall include r stonda�d mortQa e clauce. Lender
<br /> shall have the right to hold tho paNcies and renewals. If Lendar rcquircs.Eiorrower ahall promptly Qive t��nder pll rcceipte
<br /> of paid premiums Nd�ewd notices. In�he event of losa,Borrower shall Qive prompt notke w the inswance curler and
<br /> Lender. Le�der mwy make pmof of losa if not made promptly by Bomnwer.
<br /> Unless l.ender und Bortower othenvise agm in writing,insurance pmceeda ghnll he applied to rcstoration ar rop+d�of
<br /> the property d�maged, if tho t+eetors�tian or repalr i�ecanomically feasiblo and Lender's security is not lessened. lf the
<br /> restoration or rcpair is not economicelly feasible ar I.aider'a securily would be lecsened.�he insurAnce procada sball be
<br /> applied to �he sums socu�ed by this Securiry Insuument,whether ar nat theo due,with any excesa paid ta Borrower. If
<br /> Borrower abandons tl�e Property,or das na anqwar within 30 days a notice from Lender that tha Insurance cartier hes
<br /> offered to settlo a claim.then L.ender may coll�t the insurance pmceeds. Lender may ure the proceeds to rcpair or restore
<br /> the Property or to p�y sums cxurod by this Secudty Instrument.whether or not then due. The 3Q-day periad will begin when
<br /> the�mtiee fs given.
<br /> ,n; q Unless Lender and Bortower o�herwlse ogree in wrlting,any applics�tion of proceeds�o princlpal shall aot extend or
<br /> �'^ postpone the due date of the monlhly paymenls mferned to in paragraphs 1 and 2 or change 1he amount of the peyments. lf ,
<br /> under paragraph 21 the Propeny is acquired by I.ender. Borrower's�ight to Any insurance palicies and proceeds resulting
<br /> from damage ta the f'roperty prior to the acquicition shall pasa to L.ender ta the extent of the sums secured by Ihis Security
<br /> ,, lnstrumcnt immediately prior to�he acquisitian. ,
<br /> �` ` ��5,�t�- � b. Oceupaacy, PraservANon, Maiatenanre and Protection ot the Praperty, Borrower's Loan AppNcadon;
<br />,;�_:.,,..;��;;, , ��;�tti I.easehalda Borrower shall accupy,eatabflsh,and use the Property ex Borrowerk pnncipal residence within�ixry days after
<br /> � !k'�`�1': ,� ��"��,r� the execution of this Security Instrument and shall cantinue to occupy[he Propeny as Barrowerx principal residence fur at
<br /> � ;�4 -P'���;,�r;;�'��i least one year u8or the date of occupancy, unless Lender athenvise ugrees in writi�g, which conrent shall not be
<br /> ��;u���� � unreasonably withheld,or unless extenuating circumstunces ezist which ere beyand Bamawer�control. Bomower shall not
<br /> � �"'"`� • "+�s;, destroy,damnge or impair the Ptaperly,allow the Property la delcriorute, or commit wa4te on the Property. Borrower shall
<br /> �!;�;`h'r,•,lf be in defuuU ii any forfeituna uclian or proceeding.whelhcr civil or cdminal,is begun ihat in Lender's•good faith judgment
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<br /> �o '•,�;k K , could result in fodeilure of�ho Property or athenvise muteriully impair�he lien created by ihia Security Instnrment or
<br /> -•.,� ��� .�t,�' �; Lender's securlty inter�t. Borrower muy cure such n default ond reinstate.us provided in paragrnph 18,by causing tht nction
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<br /> .•;.w� or proceeding to t�e dismissed with a n�ling thut,in Lender�good faith detertninntian,precludes forfei�ure of the Borrower'�
<br /> .,�;%•L"."`:'' intercst in Ihe Property or other muterial impairment of the lien creuted by �his Security Instrument or l.ender's security
<br /> • .. � :. , interest. Borrower shall Alsa be in default if Borrower. during �he kmn applicution proces,, gave moterially fulhe or
<br /> � ' � � y' inaccurnte infom�a�ion or ztAtemenls to Lender(or fuiled ta provide Lender with uny muterial informution)in connection with
<br /> � """`''�"'"''�" .°'.`' the loan evidenced by the Note, including, but nrn limited to. representa�ionx conreming Borroweric accupancy of the
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<br /> � "•'-`^'�•�a � Pr�J�eny uc a principal residence. If this Securily Instrument is on a leasehald,Borrower shAll comply with all the provisions
<br /> ::.����;�";�,:;•,;t:�.,��}�r,;;..;;,-., of the lease. If Bortower acquires fee tille ta Ihe Pmpeny,the lea.r•ehald and the fee tidc shall not merge unless Lender agrees
<br /> � i�rN rT': ,�.,tn`r'.. I to the merger in wri�ing.
<br /> ,. �, ; �;,`. 7. Protection of l.ender'a RipRhts ia fhe Properly. If Borrowrr fuils ta p�:rform thc covenuntx unJ agmements
<br /> �� '''��"''� ' ' cantuined in thi� Security Instrument, ar �herc h ►� Iegul praeeding that muy significanUy vffect Lender+ rightr� in the
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<br /> `�+�G;;'` . ' Property(such as u proceeding in hankruptcy,pr�ib•rtr.for rondemnu�ian or forfciture or ta enfane luws or regulntiunti),then
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<br /> t,'.,�!,.: : ` ;a: ,t., l.ender muy do ai�d pny for whatever is nrcessary tn protert thc value at'�hr Praperty nnd Lendcr�c�ightx in the Propeny. .�,ti
<br /> ,�;:�:�:4,.,. ': '' �"��� Lender's uc�ionx may include pi�yin�any�ums.ecureJ by u lirn which hus priority over this Security Instrumem,upp�aring
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<br /> ��. , in coun,puying rensonuMe attamey�'fecs ancl cmcrin�an the 1'm�xny to muke mpuin.AUhough Lender may lake cution
<br /> • �' i.° ' �• under this purugruph 7,Lendcr dner not huvr to do.o.
<br /> ••'= •���''��J; Any umount�disbuned hy l.endrr under �hi. parn�ruph 7 ,hall Ixwomc udditionul debt of Burmwer ucurcd by Ihin
<br /> •.�f' . ;,,';',:f�,,�'.'~�'_'` ; Sccurity In.wmem, Unlc�s Sortower und Lenitcr ugrec to uUxr�ernn of paymrnl.thctic umounts shull hear intcrc�t Gom the
<br /> �� '�`'�'``� � dute of dislwncment ut�hc Note rute und +hull hc payahlc,with irncros�, u�m noiicc i'mm Lender Ia B��rrower reyuesting
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<br /> • �;';c;'t`�•'t��'.'.,' : .. 8. Morlpage Insursmce. If Lrndcr rcyuired murlgugc in�urnrnr u.s���►nJiti�,n ot'muking �hc loan��rured by thin
<br /> � ,: � ;':=��5"'" Security Instrum�m, Borrower shidl puy the pnmium+ rcyuircd to muintuin �hr mongagr imurunce in cffcct. It', I'or uny
<br /> ��� ����''.;`�'''''� rcuson, the nwngugr in�uruncc crner•rgr r�yuircJ by LrnJrr lap.c, ur rca.c� lu h� in eftccl. Bonower �hull puy thc
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<br /> , �',:: .'•= premiums rcyuired�u ob�uin c��vcragc .uh.tantially ryuiv:drni �o thc mungagr in.urimr�previuu,ly in et't�rt. ut a ro,t
<br /> '. � . '!, subxtantiully cyuivalent to thc ro.�t�� Hurruwrr af thr mon�i�gc in+uruncr pr.vinu,l� in cfl'crt.Gom an ultcmutc immgugr
<br /> . insurcr uppmved hy Lcndrr. It'+uh��cimially cyuivalem mungagr in.ur:mc�r��verage i+nut uvailahle,Burroa•cr�hull puy �i�
<br /> `•``'" ' Lrndcr eurh mandi u +um eyuul lo�mr-twcbih uf thc yrarly mongagr in.urancr premium ixing paid hy Hum�wer uhrn thc
<br /> . � • .. . imurnnr�•coven��•e lapsed orreu�ed h►tx in rllcct. I.rn�kr�ciU arrcp�,u.�;md r�lain th�.r pa�•nknt.a,u lo..rerrn�r in licu
<br /> of mongagc in.uruncr. L��+.rrurvc pnymrnt,m��� n�i lou�rr Fx requir�d.a1 ihr��ption �,i l.cnder.if nu�n�aEc in.urrnrc •x.,
<br /> , coverage lin the:�moum und ti►r�h��xrioJ that l..nder rcyuire,�pro�•idrJ hy an in,orer apprav�d by LenJcr uguin Ikromr. �
<br /> . • _;,._�a�,�. uvailuhlc unJ i+��htnined.BiKru��•cr�hall pa��hr prrmium,r.yuircd to mainl:�im m�ngagc inwr�nrr in cffrct.ur�o pru�•idc:i
<br /> , � , i,v lo..re+ervr.unli)Ihr requircmrnl li►r mnrtgrpr insuramce rnd.in urrard:uirr�rilh un� �vrin�n ugreenxnt ixtwcrn Nurn►arr
<br /> ° und Lrndcr nr upplKi�hlc IuH•.
<br /> ' 9. Inspection. Lrnder ur i�. :i�.rnt ma� mal�r rr:i•onaMr rntrie,upun :md in+�,crli�,n���I�Ihr F'ru�xm•. Lendrr.h:dl '
<br /> � •. , give Barroa•er na�ir�.H Ihc tintr uf ur prior lo;in in.�xr�i�m.�xril�in�rr.��unahle rau.r thr th�in,�krlian.
<br /> 4 ; • � .V ,, 10. Condemnation. Thr pr�xcrd.�,f am aaurd ur rL•iim li�r Jama�c�.Ju.•cl ar comcyucntial.in r�,nnrrtian H�ilh uny
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