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<br /> --- . `'� ` �perFods�hat Leudar requi�s. 'itte insuranc�carrExr pro�i�dta�insumaae�bc cdos.�tt by 8mmwer ea!►,�tN tat�nc�r�� " :
<br /> -- _ __-=_,�"=„'i��ttn�tl+�!!nrA_�ss�Dt� ' -.z ��3cstts3s.lai.Ras-xrg���!!�°«a:��..�tt.��'�s�=—.-',�--- -
<br /> - Lerader9 option.Qniala�o��stage to pmtect 1.ender�righ�in the F�o�ty in aooarda�tce with pa�rapA 7. ` ` _ —
<br /> _ � A�I IASUI8i2CC!�O�iSi2S$itd[�i10Wa1S&�b@+�oe�able to Lender nnd shali�ciu�'e a stcuidard moctgage o[a�s. Lsm�er � �
<br /> - . . 'sh�lt 6mre tae rigi�t;ta hotd tde poli�es und�enewnL9. If dxnd�r r�uices.8mcow�s shall prQmptl}�give to Ceadtk�ll ace�a
<br /> _ _ �og patd�r�tniums aitd renewtil notiaes. In the eveat Qf loss.8arrowre�ehall gtve�rnmpt aotloe to�Da ins�unnoe cortler8ad _.
<br /> --- Leader. Leader mny make pmof of toss ifnot uiade pmmpdy by Hairower. �• ° '.. ' '
<br /> � -- Unt�ss l.cader and Bonawet adrenvIse agree in wrltdng.insur�noe Qmreeds shap be o,pQiled to�esiamtIaai ar�epair�P
<br />:�� — - . the iRo�eny damnged,tf tae iesm�ation or iepair is ecorioaticvUy fe�ist�i nnd t.enderis•secutity is not tessened. If tlte �.
<br />- ; cestoiatioa or repnir is not ecoaomically�feasibie or Leuder�s aecuritY w��tesseaed.the insuraace gra�s�aU Qe
<br /> -:°_ � -_- --- - - ap�l�d-iQtAestuns s�0y Mis Se�ty.lns�ment.�rhelt�er os noi tle�due,�stitDnn�r-.sxeess-�d tQE�m�c�et-If-_�--
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<br /> 3T� Borrower abandons the Pt+o —
<br /> peny.or dces nat�nswer witLin 30 days a aotice from that the ins�n�ce, r,
<br />- offeced to settte a ciaim.then Lender may rnliect tLe inssiraace pmc�eeds. Lender may use ihe pt�eeds to repair or resiote
<br />_�� the ProgxrtY or to�y sums secured Dy tbis Secun'ty Inswment,whether or�toi thea due. 7�e 30�y peiiad wiI!bcgin w1�a •
<br /> a�� the notioe�s give.a. _
<br />��.� Unlsss Lender and Bomower oihetwise ag�ee in writinng,anY aFPiisation.of pmc�eeds w principal�6a1!noi extead m
<br /> -:� gastpoae tGe dae date of the moathlY PaYments iefened to pa�ag�aphs 1 and 2 or d�ange the aatount of tne paymentv. if .
<br />_ under paragcaph 21 tbe QropeRy is acquired 6y Lender.H+nrmwer�s rig6t to aay insuranoe policies aad pcoaeeds�suit�g
<br /> = fmm damag�to the Propeity priar to the aoqwsition s6all pass to Lender to the�exoent of the sums secured by this Seauity '
<br /> Iasmament immeQiately qior ta the acquisidon. . .
<br /> - 6. Qocupancjy.Pteservattan, Mainteaance and PcotedEon of t�e Prnp�rtyt $or�ower� Loan Applica4ton; `
<br />_ Leasehoids. Bonower shali uccupy.eshablish,aad�ue the Plnperty as Bmrower�principat residence within sixty�ays aRer
<br /> the executioa of this Se�a�;ity Instrament aad st�ail coraiaue m occupy�e Ptppe�ty sis Honower�principal residence for ai •
<br /> teast one year after the date of oocupancy. uatess i.eader otDetwis� ag�s ia �ariting, which coasent shatt aot be
<br /> �:;�=�;-" un�easanaDSy withhetd.or untess exteouating circumstances e�rist wiuc6 are heyond Bnnorirer'�contcrol. Bonower shaU aot
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<br />-- - =- ;-' "s-��- aestmy:damage or impair the Fropecty.allow the Pmpetty to deteriorue,or commit w�u�isn the Pmpe►ty. Swtowes shall ---- -----
<br /> � be iii:cf�ault if any forfeidue action or p�,wheth�t�or crimival.is begw►that in Lender�s good faith judgment
<br /> . • . '• could�esu[t in forfeit�ue of the Praperty ar odceivrise ma�edalty impair.ti�[ien c�eated by t6is Secw�ity Instrument ar
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<br /> s:, -��z . �. Lend�s�s security intetesL Bo�rower may cure sucix a default atsd reinstace:vs ganvided ia paragraph 18,by causing the action
<br /> �,.:. 4�.•`4 E��' or prooeeding ta be dismissed witb.a ruling tt�y i�Lender�g+�d faith deteimiaation.precludes forfeitut�of the Boaawer's �
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<br /> :��.;����, intei�S in the Ptoperty or othec prrterial impairment af the Ir:n created by tl�is Security Instnunent or l.ender�s security
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<br /> :Y�z;•?-�°;,��� intet�at. Bortuwer shaU also be �.defaWt if Horrower.dwing the [oan application proces.�. gave materially false or
<br /> _ :: � �`y`'� inaocaiate information or stateme�us taLender(or.failed to provide Lender with any materiat information)in connection with —
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<br /> -���.. • �• •,` � the loan evidenced by the Note, inclading. 1�x+tot limited to. �epresentations rnaceming Bomnwerk occupancy of the ,
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<br />-�� �,?.��'�� � Aroperiy ag a priacipaitesidertoe. If this Securiry instiument is on a leaseRo[d.Borrower shall comply with all tRe pmvisions -- -
<br /> �� -��,�'„��s� o� � � of ttce tease. If Horrower acquites f�e dtte to the Froperty.�he Ieasehold and the fee titte shall not merge untess Lertder agrees � =__
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<br /> `; '�;''`'`���i��.'.�" T Ptotecttoa o!Lend�'s�tv ia tlte Propert� If Bomnwer fails to perFois�t�e rnvenants and ag�eats �_-�
<br /> •� ?��: .'s ,{� '�,-�? conrairzed in this Security Inst�ceae..vr tEere is a IeSa!Proceeding that may significae�tf3r affect l.et[der's rights i�r the
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<br /> _ +x;;:•• - , .,, Property(such as a proceeding in bankragi�y.prcf�te.for rnndemnarion or fc�feiuue or to enfo�ce ta�us oF argulations).�hen ,
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<br /> ;�, .-.� - , ; �,._•. I.ender may do and pay for whatever is�eoessa�to pmtect the value af•tt��h'operty and Lenderls ri�ts..in t6e PtvpettJr. �;?f-;-.
<br /> Lender�s actions may mclude payiag any s�a:s s�..wzed by a lien which has priority over this Securiry•i�suumen�appeanng -. �:'r�`' "°
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<br /> ..•<� .. ':.,��:;;;i=:, in cou�t.paying reasonable attom�ys'fees aa�entering on the Pr+npeny to make repairs.Although Lender may take action ' •�'.��;i:-
<br /> � - `' ' under this paragraph 7.Lertder dces nut have tu do so. ' •-•'�;g.
<br /> . i 'Y � Any amounts disbursed by Lender under this paragraph 7 shall became nddidonal debt of Borrower secured by this • '. -..��_
<br /> �. ;' � Secnrity Insdument. Unless Borrower and Lendec a�nee to other terms of pa?znent.these amounts shall bear inte�est from the = • •s,�
<br />-- `• "� . . date of disbwsemeni ai the Note rate and shalt be payable,with intemst.u�on notice fcom Lender to Borrower requesting • ` �
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<br /> . , a Ntortgage Iasvrane� b�Lender requiied mortga�e insutance as a condition of making the toan secured by this '�.�.<<��• ' • ' ''�
<br /> Securiry inswment,Borrower sh.�t pay the premiums requimd co maintain the mortgage�.�surartce in ett'ec� if,�cr�y ��'�� '�
<br /> � � _ . �,�'�` _�,� ce.zsoa, che mortgage insurunce coverage required by Lender tap.�es or cea�es to be irr effec� Borrower shall pay the ". • '�� '
<br /> . �� ; . prem�ms re qair�to obtain wvem ge subs�ar►aaU y e quivalent to the mmt�ase insurance previoust y ia ef[ect, at a cost _,, ,. ..
<br /> ��� suDstantially equivale�t to the cost to Borrower of the mortgage insurance�eviously in effect,from an nItemate mortgage � • . •
<br /> ' � insuRr approved By Exnder. ff substantially equivalem mortgage insurance coverage is not availabte,Bcsrower shall gay co ,_ • • - .
<br /> �� • Lertder each month a sum equal to one-twelfth of the yearly mongage insurance premium being paid by Borrawer when tite , � -
<br /> • ' .� - insurance coverage lupsed or eeased to be in effect. Lender will accept,use am!retain these payments ac a loss reserve in iieu � ' ` �
<br /> `''� �` - of mortgage insurance. Loss ieser�e paymen�s may nu tonger be required at tfie option of Lender.if mortgage insurance t�„� �� . ' ��' `
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<br />- _ ;; �r�; .:- • wverage(in the amount and for the periad that Lender requires)provided 6y an insurer approved by Lender again becomes � • -••, ,
<br /> �.f_,; 'r. , :: , • available and is obtained.Bomuwer shall pay the premiums reyuired to mainta.in mortgaze insurance in effecti or to provide a � .-� . ,
<br /> > � � loss reserve.until the tequirement fmr mong�ge insurance endy in accorda,-�ce with any uriccen agreemem between Borrower �
<br /> . �i �:';�, �,%;;;Z; and l.ender or applicable law. '�. � .
<br /> ` `°''`� -'• 4 Iaspectton. Lender ot iYs agent may make reasonab[e eatries upon and inspeccians of the Property. Lender sha!! . . •
<br /> ` � � give Botrower notice at the time of or prior to an inspection specifying rea.sonable cau�e for the inspection. • �
<br /> -'�•`+ ' 10 Condemnatlon. The pm�eeds of any a•ward or claim for damaaey direct or conseyuential,itt crnuiection with nny � '� �
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