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<br /> ��� '' perioda tl�at l.endeF�� 'it�e ins�r�nc�catrier�IdI�g the tnsurancc shalt be chosen bg Bamwer subject w 6ender�s .�
<br /> = appmya!wtsic4s slratl not be unteasonably witht�etd: if Boimwer f�its[o m�intaia cover�ge descrihed abavc.l.ender tnay.at
<br /> ° � Lendtr�s optiun.obtain covdage to pmtest Lc�r a tights in the Ptoperty in xcor+danoe witl�P�S�Ph 7.
<br /> .—� Att insursnce QoJicies and tenewais shall be acceptable to Lender and sh�ll include a standard moctgage ctausc. Lender..._
<br /> shal�have the aght to 6ald the policies and�edewals, iF t.eader requires.�atrower ahatl pramPUY P�ue to Lendec alt ae�eipts .
<br /> - of paid prcmiwns and tencwai notises- in the�vent of toss.Borm�+er shall give prompt notice to the insur•ence carrier and ,
<br /> — Lender. Lxnder may maice prouf of tass if nac m�de p�mptly by Bo:rower..
<br /> _ — - � LTittc�s ixnder asid Soaower ottte�ise agnx in wrising.uisusance Peaceeds shatl he applied to restoration ar tepal�of' . -------
<br /> • th�PtoPertX.duma8ed. if the restoration or�pair is econc�miv'�Ity!feasible and Lenders Secunty is not lessened. If.the
<br /> rastvmtiort,oc repair is not economicullg feasible os Len�.r��ecutity+ waatd be tessened.the insurance Proc�ds shall�be —
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<br /> applied to the sams secured f►Y dus S�ar�ty lnsuument,whethe�or nal then due.with arry e�ccess p�id to Earrowe� Ii: �.�
<br />-- Borrvwer abandons the Prnpescy.ar daes not answer.withic►30 days a notice fiom [.ender�haz the insurance carrier has - -
<br /> � offe�d to settte a ciaim.then Lender mag collect the insumnce proceeds. Lender maY use�e p�oceeds to re{�ir or mstore �-
<br /> . : the Pmperty or ta pay sams secared by�thi�Security Insmunen�whether or nat then due. The 30-day penod wlli begin when �_�
<br /> the notice is given.
<br /> fJnless Lender and Borrower otherwise agree in wriw�g.anY aPP>>c�tian of proceeds co principal shall aot extend or �
<br /> pastpone the due date of the manthly payments referred to in pamgtaphs 1 and 2 or change the amuant of the payments. 1f __
<br /> = , undet P�S�P�Z!tfie Property is acquired by Lender.8orrawers ri;ht to any.iasurance policies and praceeAs trsuiang -- -- ---
<br /> � fnom damage w the Pcaperty prior to the acquisition s�tall pass to Lender to the e�tent of the sums secuced bp.this Securiry _�:__._,�
<br /> ''�';..'. ;' lnsmiment�immediately prior to the acquisition. ` -
<br /> 6 poc�pAncy, P�rcssnrattao;.Matntenance and Protection of the.Property: BocroWer's Loan AppUpt�on; .,7 �
<br /> " _ •�;; • as Barrawer's rinc� al residence within six da s aft.�r. ```�` `��
<br /> .-._'.� ' :��1 I.easeha[�S:Batmwec shall accupy.establish.and Use the Ptopercy P P ty y �
<br />.-:;�;�;.:�., - as Borrowers nci cesidenre fot-at � f° �
<br /> <<.... the eaetation of this Securityl�aament and shall caatinue to occnpy the Prop�ty Pn P� .;��-_�---r,*�;
<br /> ��::•; �!`�, m writin whicb cons�..s�ral! rcof bc � . �
<br />`�.r�=�'�`a�i � tea5t one ear aftec thr-s�ate af occupancy. unless Lender otherw�se a� S� -�:r=�:f-
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<br /> , �:.: unrr.�sonaWy arithhe[d.ac aaIess extc�uating ci�urzcst�ces eaist which are 6�isd Barrower's cuntrol. H�saarer �rot r:- :,_
<br /> +;r` `�`"{ destro e or im c�e allow the Property to deteriotate.or coirmmit waste on the Prope�ty. Bc�eiawer shall_. , �f �,,, _
<br /> �c E� Y•�g �r ptoQeity
<br /> be in defaWt if any fosfeitim action¢�proceedin&.whether ci�tT cr�erimivat,is begun that in l.ender's gaod Caith ladg�r'�� �i'
<br /> '� "` ; �=`•�''r� could result in forfeitum of,the Pma.zty or otherwise materiatiy as�gair the'lien cneated 6y this Security lnstrume[ut•ar'' : _ ,� _
<br /> --��•.;��2r,: . h 18.b causi the action : : �.._.
<br /> , t L.cnders security inte�est Burrower may cure such a default and remuate,as�trovided in paragrap Y �
<br /> ,, _. ' •- lades forfeiture af t6e Botrower�s � �-�_ _,•- :_`-_
<br /> a �' .�• �.. or praceeding to 6e dismissed with a culing tha�in i.enders good faith Qetett�r.stion.Prec ,. : :.��
<br /> >��:�,�:�.' °- interest in the Property or other material impairment of the hen cceated by[i�is Securi[y Instrament or Lender:s securiry __L, u�
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<br /> • - __.'=�:�•.. �n�eres� Borrower shali alsa be in default if Borrower. dum�� the toan application Process, gave materially faLse or
<br /> �#'�:...,� :� � � istaccurate i�facmation or statemenu to L.ender(or faited to provi�:.Fxnder with any material information>in conrtection with '�g,�
<br /> -y' the loan evidenced•by the Note. including, but not limited tsa_r.€presentations conceming Borrower's accupaney of d�e "� ...;,:;��
<br /> ,:�.'". . praperty as a principal residence. if this Security Tnstrument is vy�]easehold.Borrawer shall camply with all the ptovisions .-. 4°`�`�:>.-
<br /> �- the P.:�.�old and the fec titie shail nat merge un1�s l.ender agrees '`�:s?•, ':_��
<br /> ° ���� ' . of the lease. If BorrBa--eracquires fee title to the Pro�aty.. ,�;�,':,,:',=
<br /> ° . - to the merger in writir�_ � r. .;` ��.�".'s
<br /> ,, ,,. ' '� • 7. Protectiort cFFxnder's Rigdts in the i'roperty. If H.orrower fails to pe�farm thc covenant4 and agreemen�s '�,;::;;<<,;,��
<br /> 'a ' '.�1 � contained in this Secprity [nstructrec� ar there is a lebal proa���?,'a thut may 4isoificamtt affect [.ender's rights in the < �
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<br /> � ; �::�;ti�Fa;:�s�: Property�such as a proceeding in�--,�r �-�ptcY.prabate,for cond�ra.�i'IOn or farfeiture or ta erf�taws ar regulations),then ��,,��;�rf;;�.
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<br /> � �t '`� '�� Lender may do and pay for whate�cer is necessary to protect th�vatue of the Pcoperry and[��►der:s rights in the Property. ,��r<�`,���
<br /> j� •1'�='•:':;;�,•l;:i,`'i� Lender's actions may i!zcludG paying any sum+secured by a lien which has g!s;�rs�nver this Securiry Innrument,appearing ( . � .-••_��,
<br /> ' ;;�:��'�`�.t'�'; '. in caurt.payin$rea4ona6ie attomeyc:fees and entering an the Propc:rty to ir:�.l,c:epain. Although Lendet may take action •;;'
<br /> ' �%•'�' � ��'�'����'f�� underthi�.P�rs�SraPh 7.Lenderdoes a��t have to do so. • , ' �,:;�'; `�;
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<br /> _. :r.::.::`.��... , Anv�crnaunts disbursed by Lcru3er under thi�.Qsiragrapb 7 s�h a 3 1 b e c o m e a d d i t i o n a l d e b t o f B o r row er Secured b y this ,�-�,.+�:' ; _;,
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<br /> , .. -_-,.�t:;, Security k��.�vment: Unless Burrowrr und Lender agree ta ather cea�r�r+of payment,the+e amounts shall bear in[e�est from the ;�.,, ,..,, ,,_:__
<br /> � • datc of disbursemeat�t the Note rate and shal l 6e paya b le.wit h Ertzres�c p o r t:a o t i c e i r o m L e n d er to Borrawer re q uestin g �E� r - s-
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<br /> payment. _ _ . •�
<br /> +: ;� ' 8. Mortgage Lw�srance. ff L.ender required martgage insar:��c.�.:.�;z amdition oi making the Ir:air�Secnrcd by this , :..;t{r,..
<br /> �` '1.y� Secuaty Instiumen�, �:r:�ti�er shalt pay the premiums rcyuircd t�:-.�.�.�criz�t-�ma»ga�e insurance in�ff�}ct. If,far any � ,. : :
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<br /> . °,;z3.�'. ;°. �' reasoa. the mortgage �:�:a:crznce ca�u^age required by l.ender laT�t�+ ar c:r��to be irr eff.ect. Borr���er shall pay she :.r,:!�;;:'� _
<br /> �,.•�.< c)'j�t,,:' . '•�".� :!,,: ' :
<br /> . ..;t.�*;,.. premiums required tc���sain coc�er���uhctantially cyuivalent to the mart��e in.ur�nce(�Y"sously in effect, at s�.rast� �I.,��t,+:,.t�.� ,, .
<br /> ~ substantially equivaie:-r.t�ihe cost to aorrowcr of the martgage inwrancc Frc�•.�usly in e�'::t.fram an.zitemate mar�e '�Y�,� �� "
<br /> . �����. : ,, insurerapprrned 6y f..�,3er. lf substantially eyuivaiem mortguge in.urance a:.���:.��ge i�not avaitable.Ecrr�wer shall puy ta � ? �,y,�
<br /> ' . ''- '"` � • . Lcndcr each month a�rn cqual to ane-tacifth oi thc yearly mongage in�ur:r��.t,remium being paid by tiorrower when the . . •,• :.,;;=:
<br /> � ' '�:;,_i_;` ;` : insurance eoverage Iap�eJ ar ce�+ed to Ne in c ffect. l.ender will accept�uyc a:,•a r�tain�he�r paymentc ati a Ioss reserve in!ieu . ,..;:��a
<br /> ;;y�.,;, ' ' ' • af mortgage insuranrc. Loss rescrvc paymcNs may na tc�ngcr he reyuireJ,at the uptinn nf L.cnder,it'mort�age in�vr��,�:c . .�, . ,.
<br /> •,•,;;;� , '� � " caverage lin the amoun�<md fi+r the periud tha�l.cnder rcquire�►pta�ided hS'an'sn�urcr appr+wed by l.ender Again b:cnrr�s . . .
<br /> • � ' ,�_,-:•:.,.,-.� . uvailablc and is ohtaincJ.Banower shall�+ay thc premium�rcyuir�d to mainta:re.crortgagc in�utancc in effect.or tapn�'=i�zea . . �
<br /> ' ,cp� r_:,� ; loss retierve,until the requiremem far murlgage inyurance end�in accordance�:ith an��µ�ritten agrcement t�ctweerc 13cr�wer .
<br /> _ '' and t.cnder ar upplica�!c law. • s n thc Pro st'. l.cndcr chall � � . . '
<br /> . ",-`. 4. ln.gpection. Lcnder���its agcnt may mukc r�a��mablc emric�up��n:md inspccuon f � y �
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<br /> � � �.r.'`�•�;'.•.`' ' �ive 8nrrower noticc at the tim�irf ur priar t��an in.pec�iun.perifyin�teutionat+le cautie for ih4 in.�xcti�m. ,
<br /> �'•'"��.• . "f';���� 10. Condemn�tion. The�r���:cd.„1':�n}�a�•ard cfr claim i��r damages.ditect��r cunx:yUCnlial.in connectian with any . ..
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