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<br /> , periad:th�t Lendc�reyuircs. �1+�insuttu�t�o c�rrler provlding the insurance sha116e chosen by Bortower�ubject to Lender's
<br /> _ __ _ �pproval whkh sh�ll�wt be unroa5an�tl�p wjthhold. !f Barower f�lts to mdnWn covenge dea�cribed above,I..m�der may.�t
<br /> L.a�derh option.oM�in cover��o ta pmts�as l.rnck�k�ights in thepro�Ry in�ccordance wlth pu��nph 7.
<br /> All inauranco policies and ronc�wwit.sh�ll b¢accept�ble to Len�r and shall lnclude a sundud mortg�ye clwse. Lender
<br /> shall huve the rlght tu hold the ppUcit}s s�nd tettawalc. If Lender roquirca,Borrower ehAll promptly give to l.ender nll roceipts
<br /> nf�xid premiums end rcnewal tx�tives. In thp ovent of loss,Bocrower shall�ive prompt notice to the insurwice curkr nnd
<br /> °-_�"`---- _�--"� Lendc�. Lender mAy malce p�aot ut lasa dt nat mwda t�PaY by norrower.
<br /> Unlesx Lender and Bormvrer ott�+��iye ABroo in wdting,insurance proceeds :►hell be rpplied to restor�tian ar repair of
<br /> ____=='�- dx Prope.rty dvn•rged, i!the rastuti�utinit,or ropnir ir• eco�amically feasible :u�l Li:ndc:rS ►ecurity is twt Iessened. [f the
<br /> �- - _ rextoratinn or repair is not ernnamiea�ll)� faasidla or l.ender's seeurlty would be lecsenod,the insurance prcxxeds shall be
<br /> - — upplied to the sums secund by this &+:uriry Inutument,whether or not tlun due,with any excess paid to Bo�rower. If
<br /> -- Borcower abundons the Properry, or dtre�s nat ancwe� wlthin 30 days a oaice from Lender that the Insurancc canier has
<br /> offered to settle a claim,then Le�mv���collat tFie insurance proceeds. Lender may use the praceeds to rapair or rcstore
<br /> — ____ the Pmperty or to pay cums sxurad b)this�Sacurity Insaument,whether or not then due. The 30�d�y period will be�in when
<br /> tho natice is gtven.
<br /> --�� -w c—' Unless Lender:uid Bc�rroK�er Wt�tm��ise ugrec in writing,any applic:ation of procerds to principal shall nc�t extend or
<br /> postpono the due dute of the monthl)��peymonts rcfern:d ro in paragraphs 1 and 2 or change the amount af the paymenu. If
<br /> under pa[agraph 21 the Pmperty Is uRx�uired by Lender,Borrower's right to any Insurance policies und proceeds resulting
<br />--- — -- = from damage ro the Propercy priar ta ti�p uoquisition shall pass to l.ender to the extent of the sums secured by this Socurity
<br /> _____ Instn�mcnt immediately pria�ta tht�acrauisition.
<br />_ - - b. Occopancy, Preservatltm, MAtntanance and Protectio�� of the Property; Borrower's I.ain Applicatton;
<br /> 9?'R Leaseholds. Borrower shtll accupy;establith�and use the Piopeny as Borrower's principal residence within sixty days after
<br />-:;. the execution of this Securiq�Instrument and shall continue to occupy the Property as Barower's principal residence for at
<br /> �� .:q'i`���. least ono year after Ihe dua of arcupancy. unless Lender otherwise ugrees in writing, which consent shall not be
<br />_ ' ��,; unmasonably withheid,ar unlr.ss exttmuAting cit�umstunces exist which ure beyond Bortower's control. Borrower shall not
<br /> .r ; !:.;.n . -,y�:c" destroy,damage or impair th�Prcti}►taty,allow tha Property to detedorate,or commit waste on the Property. Borrower shall
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<br /> �"��." ° " be in default if any fnrfeitur�actinn ar p�oceeding,whether civi!or criminal, is begun thAt in LenderS good faith judgment
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<br /> �:,.,��i{r''`�,�s:,,:,,��.» could result in forfeiture of tht Prope�ty or aherwise materially impair the lien created by this Securiry Instrument or
<br /> ?;s'�: � '�'"• }' " ' Lcnder's securit interest. Bnrm�ut mu cure such a de�'�ult and reinstate.as rovided in arn ra h 18,b causin the action
<br /> �,y,.• ,_, •� Y Y P p g P Y S =
<br /> . �{��w�n-;q,?a��•� or proceeding to be dismissed uvat�,a tvling that,in Ler�der�s goai faith determination,precludes fodeiture of the Borrowcr's
<br /> :�:;� '• jy,;,:�.r c,�y;,.,, intercst in the Property or oth�tr mAtorial impwicment of the lien created by this Security Instrument or Lender's secudty
<br /> �'' ' ,rs>;.:;ty;..'';.��: interetit. Borrower shall also Ut in def�ult if Borrower, during the loan application process, gave materially false or
<br /> �'';}' ,�.�:,;.:>,:c.t:.�tx:k, inaccurate infortnation or statca�ecris to I.endor(or failed to provide Lender with any material information)in connectian with
<br /> �:�.,•. • the laan evidenced by tFK� Nrne+. induding, but not limited to. representntions conceming Bortnwer's occupancy of the
<br /> ��;,'�� :.: ? Property uti a principal residence. If thls Securiry Insuument is on a leasehold,Horrower shall comply with all the provisions
<br /> _ .�a..;.,.•!::.:� of ihe lea.se. If Bormwer wc�quir�c fc+e title to thr��(xxty�fI),P.�PACPhf1�fl 1�(}1{�}�P[PP jl���'4I1$II}I�l!Y1?(g�_'UIIICSS L�'II��3�!S
<br /> }"'' � ' ' ''� �' to the mer er in writin
<br /> , .,:.,��:.;•.:• F 8•
<br /> �,;�`��� 7. Protectlon of i.e�der's Rigbts in the Property. If Borrower fuils to perform the covenonts nnd ugreements
<br /> t}l'r� wntained in this Security Inittument, or tharu i� a legal proceeding that muy signi�cantly affect Lender's rights in the
<br /> ,';•;.`.:;. � Ptoperty(such as a prc�ceedinv in bxr�kruptcy,prob�te,facondemnution or forfeiture or to enforce laws or regulations),then
<br /> ` - � Lender may do and pap fnr wiwtover is nc�cessary ta p:dect the value of the Property and Lender's rights in the Property.
<br /> ` '•,':s's�;-.r,?� Lender's uctions may include p.iying uny sums secured by a lien whirh has priority over this Secnriry Instrument,appeuring °
<br /> •r:�, .+;;:� ; -
<br /> • in court,puying rcasonabk�ttnrneys'fees and entcring on the Property to mc�ke repairs.Although Lender may teke action -
<br /> ;,;�;�i�.;�,h;;.,..: . under this paragruph 7.[.tnder das not hnve to do so.
<br /> •�"•h•;��'�: Any amounts disbu�r..tif by Lender under this paragruph 7 ,hall become additional debt of Borrawer secumd by this _
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