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<br /> pa3od�that Lender roqufre�. Tho iasur�utc�s cHier provfdie�the Luuraace�h�ll ba cha�en by Borrower wbJecx w L.enderti .
<br /> s,�:s::!��S3rts�.:!!stcs�+.s�!�!!4.►!Y!v4t�lr_!<f. !f P!��er f�la se m�lt!!•�n ccw�rr!�nih�rt.lxwa,[.�cl�r wy*k -
<br /> - " La�iderti optlan,oMWn cover��e to prdect l.ender's dQhts in the Property in�ccor�duue with p�ra4nph 7.
<br /> All in�w�nc.e policies�►d renewalr�hall be��bk to Lender and xhafl:nclt�de a�w�dud mat�e cl�uuie. l.aider
<br /> siwll ttave the d�lst ta hald the poUciea and rcnewale, f Lender toquire�,Borrower shrll promptly�ive to Lendu dl receipt�
<br /> - of paid pemium9 and rcnewal noticC�. In the event of lo�.Bortower�hall Slve prompt notico to ihe Luurar�ce carcier and
<br /> L.ender. L,ender may m�ke proof oi lo�s if not made promptly by Bortawer.
<br /> --=��T--�=--�_� Unfess Lendcr and Burt+�wer e�therwi�e agrce in writing,in�urence proceeds xhAll 1►;�y�lied to rostorntion cx reprir of
<br /> _ — —' the Ptaperty dams�ed, if tltc rcstoration or rcp�ir is eronamic�lly feasible wid Lenderk�ecudty i�rwt leaRened. If the
<br /> � rcntorntion or repair ts not ocanomically feasible or Lender�secudty would be lessenod,the insurance proceeds shtll be
<br /> �pplied to the aums aecun:d by tbis Socutity instrumant,whether or not then due, with tu�y excesx paid to Aorrower. If
<br /> Borrower ab�nclon� the Pooperty.or das na anscwer withfn 30 days a notice from I.ender that the insurance cartier hu
<br /> O�C['Ed t0 SCItIC i CIA�III.then Lender may collxt the insurwnce pmceed�. Lender may use the procads to repair or rectore
<br /> � the Property or to pay wmu securod by thic Secur�ty[nstrument,whether or not then due. 71x 30�dxy periad will be�in whea
<br /> - — the rwticc is given.
<br /> Unless Lender and Bomnwer othenvise agree in writing,any application of procads to pdncipal shaU not extend or
<br /> postponc the due date of the monthly payments refemed to in paragraphs 1 and 2 or chrnge the unount af the payments. If
<br /> under pari►graph 21 the Property is acqulred by Lender,Bomowert right to any lnsutance palicies and praceeds resulting
<br /> from damage to the Praperty prior to the acquicition rhall pass to l.ender to the eztent of the sums sxured by this Securiry
<br /> Inswment immediAtely peior to theacquisition.
<br /> 6. Oecupancy, Preservallon, Mainteoana aod Protectbn of the PropeM��; Borrower'o Lora AppUc�tloa;
<br /> _ Lewuholds. Borrowcr shall occupy.establish,and usc thc Property ns Bortnwer's pri�cipal resideruc within sixry days after
<br />=- the ezecution of this Security Instn�ment and ahall wntinue to occupy ti�Pn�{�eny su Barruwery principat resideuce for et
<br /> =' leust onc year after the date of occupancy, unless Lender othecwise agnees in writing. which consent shall not be
<br />-:G unreagonably withheld,or unless extenuating circumstances exi�st which are beyond Bomower�s conuol. Borrowcr shall not
<br />':f destroy,dama�e or jmpair dte Pboperty,allow the Property to deteriorate,or commit waate on the Property. Bormwer ahall _
<br /> be in default if any forfeiture acNan or proceeding,whether clvil or criminal.is befiun'that in Lender's good faith Judgment —
<br />-`r. could result in forfeiture of the Properry or otherwise materially impair th� lien creuted by this Security Instrument or
<br />'-t=i Lender�s security jnterest. Soaower may cure such a default and reinstate.as provided in paragraph 18,by causing the action -
<br />_''' or praceeding to be dismissed with a ruling that,in Lendcr's gaxl faith determination,precludes forfciture of the Bormwer's
<br />:���' � interest in the Property or ather material impatrnxnt of the lien cRated by this Security Insuument or[.ender's securiry
<br /> intenst. Borrower shall also bc in defnult if Borrower, during the loan application process, gave matcdally f�lse or
<br /> - -- inaccurate Infoemat[on or statemenGs to l.ender(or failed to provide Lender with any materinl information)in connectjm with
<br /> - — the loan evidenced by the Note, including, but not limited to, reprcsentations concerning Borrower's occupancy of the
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<br /> =��•' Property as W principal rcsidence. If this Security Instrument is on a leasehold.Borrower shall comply with all the provisiona
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<br /> of the Icase. !f Borrower acquires fee title ta the Property.the leasehold and thc fee title ahall nc+t merge unkss L.ender�gras
<br />,�i;�'; �'a , to the merger in writing. _
<br /> `��� ��, ; ;-�:�-r 7. Protectlon oF I.ender's Rights in the Property. If Borrower fails to perform ihe covenants and agreements
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<br /> t,y, �z.�. �:; contained in t6is Security Instrument, or there is a legal proceeding that mny significantly affect Lenderg righ�s in the
<br /> ;:;�!, �� Property(such ac a proceeding in bank�uptcy,probate,for candemnation or forFetture or to enforce laws or regulations),then
<br />_ ' Y • ?+ �,���; Lender may do and pay for whatever is necesxary to prorect the value of the Property and Lendert rights in the Property.
<br />_�;�•', :i ,; ; � •*�-_�• Lender's actions may include puying any sums secumd by n lien which has priority over this Security Instrument,appearing
<br /> �•4t'�+:*-�:�•. in couR,paying reasonablc attomeys'fecs and entcring on the Property to make repaits. Although l.ender may take xtion
<br />' , �� '�'�= � �• ���� under this parngraph 7.Lender dces not huve to do so. --
<br /> - +;��+.' �'�' Any nmounts disbursed by Lcnder under thix puragraph 7 sh•rll become additionul debt of Borrower secured by this
<br />_ �,,,w,�_�", � Security Instn�ment. Unless Bomiwer nnd Lender agrce to othcr tcrms of payment,these umounts shall bear interest from the
<br />�'==<� �;_?4: • • . �-r��<.,-; date of disbu�sement at the Note rate und shutl tx:payable,with intcrest.upan notice fmm Lender 10 Borrower requcsting
<br /> �` payment.
<br /> ''�"!'�'�'° ` 8. Mortgage Insuranee. If Lender reyuirt�d mo�tguge insurance ax a condition of making the lo:u� hecured by this
<br /> -��• •' � Security Instrument. Borrower shall pay the premiumx reyuircd to maintain the mortgage insur.uice in effect. If, for any
<br />- •^!'�'°' �"~ ma:�on, the mortga�c intiumnce coveragc requind by Lender lapxcs or cca�es to be in effect. 8orrower shall puy the
<br /> �•'•��--��-�••- •� premiums reyuimd to obtain mverage substantiAlly equiv�lent to the mortg•rge insurunce previously in effect, at u cost
<br />"" ' r"'�=� ` � sulntantiulty equivulent to the cost to Borrower of the monguge inrurance prcviously in effect,fmm an altemate mortgage
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<br /> � • in4urcr•rpproved by I.ender. If xubstaniially cquivalenl mortgage insurance covcraFc is not available,8orcawrr shall pay to
<br /> • l.ender earh month a sum cyual to one-twelfih of thc yearly mortguge insurance premium being paid by Borrower when the
<br /> �•"T�'' � " � insumnce coverage lup.tied or ceused ro tx in effect. Lenderµ�ill urcrpt,u.e and retain these payments us u loss reserve in lieu
<br />-_>�, `�� � `�' of mortgage insurance. Luss rcserve puymentx muy no lon�er be requircd,at the aption oi'Lender,if mortgage insurance
<br /> '"� ;�'� °'. coverage(in the amount and for the pe�iod that Lender rcyuuez)provided by un insurer approved by Lendcr again becomes
<br />-=°�• �.��Y�,�,� uvuilable s►nd is obtained.Borrower tihull pay the pmmiums n;yuimd to maintuin monguge insurance in effect,or to provide a
<br /> • •�:.;� , loss reserve,until the rcyuimment for mong�ge inxurance ends in•rccord:�nce with any written agreemeot lx:tween BoTrower
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<br /> '`;::^i ., and Lcnder or applicablc law. "-
<br />-= ' "' '� 9. Inspection. Lender or its•rgent may make rcusonablc rntriex upon und inspectian..of thc Property. Lendcr shall --
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<br /> -- give Borrc►wer notice at the time of or prior to an intiprction sFxcifying reasonublr cac::.e for the inspection.
<br /> = 10. Condemnatbn. The praceeds uf any award or rluim for damagec,dimct or conxquential,in connection with any _
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