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<br /> � � 91- 1u879�
<br /> periads that L.ender rcyuira9. The inxurw�ca currter provldiag the inaumnce shull be choscn by Borrowcr subject lo L.cnd�L
<br /> �� • appnavol whieh�11 not be unrcasa�ably withheld, If Barrower failb ta,mAintuln cuveroae d�cribal atwve.Lender may.ut
<br /> Lenderk opion,obtnf�coverage�o praect l.ende�n dghtR in the F'm�eny In occordance wlth parogrnph 7.
<br /> - -- All insurance policies und mnewulr Atwll be acceptuble to I,endG�+uid shall include u awndard maiguge cluuse. Lende�
<br /> _—_ sholl have the right to hald tho policies�nd renewulK. If l.ender reyuitqv.Horrower�holl promptly give tn Leader ull recefpt.r
<br /> = of pnid premiums and renewal noticew. In the event af lotis.Bom►wes�hall�ive prompt notice:o�he inrurance carrler wxl
<br /> ---
<br /> i..end=r. Lxnder may make proof af loxs if not made promptly by BamowRr.
<br /> --- °==- �---� Unless L,�;nder nnd Bortower othcnvise agr:c in�vriting,insumnc.s p��ds�hall !x applicd�o rc�a►ratinn cx repuir a
<br /> the Property damaged. iF the regtomtion or rep�ir is ecanamically fcpcible und Lenderk security ix �wt Irsvened. If thc �
<br /> ----�- restoralion or rcpair is�rot economically feusibhe or Lenderk iucurily.wauld be Iesrened, the insumnce proceeds shall be
<br /> •- npplied to the eums secured by thix ScK:urity instrument, whcth�r ar�at then due.with any cxcess pu i d to B a mwer. I i
<br /> -- Borrower ubandons ihe Property.or dces not nngwer within 30 day&,a nwice from Lender�hut ihe insurance wrrier hns
<br /> offer+ed to settle a claim,then Lender may collewt the insurnnce pmcecds• Lender muy use the pracecds ta repuir ur restorc
<br /> Va the Pmperty or to pay suma secumd by this Security Instroment.whq�htt�or not Ihen due. The 3lWny period wHl begin when —
<br /> °_--_° _-r�� the�x,tice is given. c-°
<br /> p�p.;7 Unless Lender und Burtower othenvise ugree in writing,any up�,icution of proceeds to principul shull not exlend or
<br /> postpane the due dute of the monthiy pAymenls refemed ta in p;imgraphs 1 and 2 or chunge the on�ount of Ihe payments. If
<br /> `-r� under paragrnph 21 ihe Pro�erty is ucquired by Lendc�, Bamawerb right to ony insurnnce pulicies unJ proceedti resulting _
<br /> �� from damuge to the Property prior to the ucquisitian shall pasx to l.under to the ex�em of d�e sums necured by this Securily "`
<br /> � Instrument immediately prio�to the�+cquisition. =
<br /> _� 6. Occup�ocy. Preservation. Malnteawnce and Protectiqn��of the Property; Barrower's I.oan AppUcation;
<br /> =�s� I.easebolds. Borrower shail accupy,establish,and use the Propecty us•8orrower�principal regidenee wi�hin sixty dayx after
<br /> _� � the execution of this Security Instrument pnd shull cominue ta cx:cupyS.the Pruperty ac Bom�wer's principai mrsiJencc for ut �-
<br /> --�"`- least one year ufter the date of occupancy, unlexs Lender oth�rw+re Agrees in writing, which conr,enl shull not be -=_
<br /> ___�;-;��f° ` unreagonubly withheld.or unless extenuating circumstunces exist wbiFh ure beyond Bormwer c contml. Borrower shall not
<br /> ��� '" destroy,dumage or impair the Property,ullow tlre Praperty to dcteriqrnle,or cammit wu��e on the Praperty. Borrower shnll _
<br /> ���'`�'••H be in default if uny farfeiture uction or proceeding,whethe�civil ar criminnl,is begun that in Lender's guod fAi1h judgment -
<br /> ,;;;.;:�,.,�_..
<br /> ;���,�.;��, � could result in forfeiture of�he Propcny or otherwise n�uteriully impair the lien creuted by this Security Instrument or —
<br /> -�=�t: , Lenderk securiry interest. BoROwer muy cure such A defuult cutd t�einNale,as provided in parograph I8,by causing the nc�ion '"
<br /> --- __,::,;,,�,_``• or proceeding to be dismissed with u ruling that,in Lender+gaad fpilh,detertnination,precludez forFeiwre of�he Bortower's _._.
<br /> _�-;re:_�-�+�; � interest in the Property or other material impairment of the lien s�auted by this Security In,trument ar Lender's securiry o..-
<br /> - -=��• i'��" ,�r . imerest. Eorrower sholl also be in defoult if Borrower, during,thq loan applico�ion process, guve mt+teri�lly false ar
<br /> ==�-""f'�=� � inuccurrte infom�ution or stntemen4ti to L�nder(ar fuiled to provide I.ander wilh uny muterial information)in connection wi�h o
<br /> ° �..-���•.., .:
<br /> .-- -° � the loan evidenced by the Note, including. bui nut limited to, reprasen�u�ionc rnnceming Borrower� occupuncy of the
<br /> --""'�"-^-_�_ Pr�ny aa n l+rinr��►nl re�idence. If�hiti Serurity lnstrument is on a loa.ehold.Bumiwer�hall comply wilh oll�he provisions
<br /> '�:°,;�q�, � of the lea�e. If Borrower ucquires fec title�a Ihe Pro�ny.the Icu�ehqld and thc 1'ee ti�le Rlu+ll nat mcrge unless Lender agrees
<br /> -- to the merger in wriling. --
<br /> ���:,`j;�'��� 7. Protectbn ot l.ender's Rights in the Property. li' Barruwer fuils to perform the coven�nts und ugrcements E~T�
<br /> , 1t,���; „ wntAined in this Security Instrument, cx ihere i� u legul prexeecling ihut muy significuntly uffect Lender's rights in the __
<br /> {��• Property(such ag a praceeding in bunkruptcy,probate,for rondemnalinn or fiirfeiture or ro enforce lawti or regula�ionsl,then �-.-
<br /> ��,��.���`= L.ender mu do and a far wh;uever is necestiu to rotect the vuluu of Ihe Pro rl und Lenderz ri hts in the rt d-
<br /> ,t�' Y P'Y rY P Pe Y B �'� Y• �:;
<br /> � t��:�'�r� Lender+s uctions mny include p�ying uny sums sewured by u lirn whiuh hus prioriry over thi�Securiry Ins�rument,uppeuring -�
<br /> ,�,4�i;�:�,�� ,. �''
<br /> ,";,.,�.;,�� in court,puying rensanable uuomeys'fecx unJ emering nn the Pn►�x;ny to muke rep•rirs.Although Lender muy take action �
<br /> � under thic par�graph 7,Lender dces not hnvc to do.o.
<br /> '�:� r 34�' � Any amoums disbuned by Lender under this puru�ruph 7 shtdl��ome additionul debt af Borrower ,ecurcd by thi� mf==
<br /> �� � Security Instrument. Unless Borrower and Lendrr•rgrce to other tennn of puyment,these umountti.hull bear interext fmm the
<br /> "'��•` .��� f dwe of disbursement at Ihc Note rute und shull txt puyuble,with intun�+��. upan notice from Lender to Borrawer reyue�ting �'
<br /> ,—ok;}�;`.144`. 'E�°'.
<br /> �_.: �,� �.. payment.
<br /> $�,...k��"�a� S. 11foMgage Insurance. If Lendr�required mcxtguge innumnce s�. :�condition of makinF the laan securcd by thiv ___y`
<br /> '''�''��"' Secudt Instnrment, Borrower xh•rll .� �he rcmiums rc uired t�i,ms�intuin ihc mart a c insuruncc in eftect. If. for un -
<br /> '�.• Y P'Y P 4 € F Y
<br /> F�� �'"'�:' � mu�on, the mortguge imuruix:e cover•r�:r reyuired ny I.�ndc� lap►.es ��r ccuxs to tx� in effect. Bormwer yhall pay �he �°`
<br /> '!1J!~.Y.r..__--_. .
<br /> ---- —°_4,. premiumx reyuired lo obtuin ravcr.�ge sub+tnntiully cyuivulent w•thc monguFr in.ur•rnrc priviuusly in effccl, at u cost �,'c
<br /> =��-_ ^.4, y subytt+ntiully eyuivulenl to Ihe cast ta Burrawer of Ihr me►rtEugr inwroncc pRViously in efkct, from un ultemute mortguge
<br /> insurer approved by Lender. If suhs�unti•rlly eyuivulrm murlgugu innuruncc covrrage ir n�n:�vuiluble.Borrower shull pay to =
<br /> ���:�.:. � ' . [.ender each month a sum cyuul to one-lwrltth of Ihe yrurly mungug�~imurunce prcmium lxinE paid by Bormwer when the �
<br /> ----- ° insurance covcragc lup�cd ur ccuseJ�o lx in rfl'crl. Lendcr�►•ill nrrcpt,utic anJ retain thrx puymcnl.u�u lo�y re�crve in lieu
<br /> ��=`�` �-�° of monguge insurunce. Loxx n+crvc paym�m� m•ry nii luugrr tx+re.�uin:d, ul ihr option ul l.rnJrr, if mortguge imurnrne —
<br /> .: " • covero e(in ttie umounl unJ for thc rial lhat Lrndrr rc uirc�l m►viJod M an in+urrr a n►ved b Lcnder u�ain becomex u--��
<br /> r-- - S fx' N 1 Y ' PP Y b --
<br /> `�;==• . • Avnilable und is obtained. 8orniwrr.hull pay thc premium.nquinrd lu maint:iin mungu�e in�urunce in el'1'ect.or to provide u =
<br /> :;:. ' • "�'', loss reservc,un�il the reyuircmcnt for mort�!uge inwunmce rnd.in�kranluncr wi�h any wriucn�gmenkm be�ween BoRnwcr �"
<br /> - "-' ^ und Lender or•rpplicuMc ILw. --
<br /> � 9. Inspection. Lcnder or it�ug�m may makr rru.unuhlr entrir+upon and in+pecliim.c►t'thr Pro�xrty. Lender�hull
<br /> ° ��•� �,..�. give Bnrcowcr noticc u��hc�im.of ur pri�►r lu an inr�xc�iun.�xcif}in�!re;�.un:�hlc rau�r ti�r thc in��xctiun.
<br /> ' „ • . 10. CondemnYtlon. Thr prcxr�dti ol any awiird ur rlaim li�r dam:i�rc.dircrt ur rix�,ryucn�iul.in cunn�tiun with any
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