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<br /> _ ��� perlod►thrt Lender rcyuitmr. The inwr�nce crtrfer{xovidin�the incuru�ce:hull be chosen by Bonower aubJect to L.andcrk
<br /> �� wpprov�l whirh�tall owt be unr+Gwrc�bly withhtld. If Borrower f�il�to maintain coverAge descrit�ed�bove,Lender may,wt
<br /> I.ender Y aptian,abt�in eav¢r�ge to pcotect Len�er�rights in the Propeny in wecordance with paragroph 7.
<br /> All innunuxe paliciex wid anewals siwll bo acceptstble to l.xnde�and�h�l1 include a standard mortgrge claure. l.ender
<br /> -- xhull huve thc right to hcild the policies�and rcnewals. If Lender requirc�, Burtower shall promptly give to L.endcr ell rcccipta
<br /> ��� of puid prcmiumx und renew�l nairrs. In the event of lass,HoRawer shall�i ve prompt notice to ihe incurance carrier md
<br /> rtT�:���---i� Lendcr. Lender may muke praof of losc if ncu mrde prompUy by Borrower.
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<br /> Unle.�:I.encier and BcMOwer atherwise uRrce in writinR.lnsurance praeeJs shull bc applied to restaratiun ur npnir of _
<br /> ��, the Pn>peny damaged, if the rcstoration or rcpair i�economically feasible und I.endcrk security i� ncu Icsaened. tt thc
<br /> .:.� rcstaration or repair is not economicnlly feasible ar l.enderc.r•ecurity wou�d be leasened,tho insurunce proceeds �hall be
<br /> __..�_ upplied to the aums securcd by this Security Instrument, whether ar nat then due, with v�y excess paid to Borrawer. If
<br /> ���.�'�'':�� �� Bonowrr ubv�donz �he Property,ar does nat answer within 3U days a notice from l.eader that the insursuice carrier has
<br /> -�'��°# offered ta settle u claim,then Lender muy coliect the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> �'� � the Propeny or to pay sums secuced by this Security Inhtrument,wheth¢r or not then due. 71�e 3U-day period will begin when
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<br /> _—•�`��'T��`�: �"`' the nntice i�givcn. _
<br /> '°"" �*� � Unless Lender und Borrower atherwise ugree in writing,any nppliration of proceeds to principul shull not extend or
<br /> yi��-'.�+' �r'��^ tit nc thc due date of the monthl a ments rcferred to in aru �u S 1 and 2 or chan e tha umount of the a ments, If
<br /> Po� Po Y P Y P 8 Ph•' S P Y
<br /> ,� '�,4�?';�.tti;;; under parasraph 21 the Property is acquired by Lender, Borcawer's right to:u�y insuranee policies nnd proceeds nsulting _
<br /> _=--'�•.-.�e.�:c,;c" from dumuge to the Propeny prior M the acquisition shall pass to Lendcr ro the extent of the sum�secured by this Sxurity
<br /> _ _ °�"``. ''°b Instrument immediately prior to the acquisition. � --
<br /> ---�� ..�;�,,,,k� •;. 6. OccupA�cy. Preservatton, Mwintennnce and Protectton ot the Property: Borrower s Loan Applkatlon;
<br /> ^� �+ LeasehoWs. Barrower shall occupy.establish.und use the Property as Bonower�principul residence within sixry days pfter
<br /> �, ���:.my;:�.*:� � the exrcutiuu uf this Security tnstrument and shull continue ta occupy thc Property as Borrower's principul residence for at -
<br /> , ,� tea�t one year after the date of occupancy. unless Lender othenvise agrces in writing. which consent shall not be —
<br /> � �`���" '� ��•� .� unreasonably withheld.or unlesc extenuating circumstances exist which an beyaid Borrower'.s control. Borrower shall not
<br /> ' � � destroy.damuge or impuir the Property,allow the Propert}•to dctcrioratc,or cammit wastc on the Propeny. Borrower shall
<br />, ,:,;:,.�,,. .�..:` : be in default if any fodeiture action or praceeding,whether civil or criminol, is begun thut in Lender's good faith judgment _
<br /> • .�'� could result in farfciture of the Praperty or otherwise materiully impair the lien crcated by this Security Instrument or
<br /> � • �'' Lender's•security interest. Borcower mny cu�e such a default and reintitote.us provided in para�raph 18,by causing the action
<br />- � • �• or proceeding to 6e dismissed with a ruling that,in Lender:s sood faith oetem�ination,precludes forfeiture of the Borrower's
<br /> ' r�,,��: , . � intercst in the Property or other mnterial impairment of the lien created by this Security Instrument or Lender� security _
<br /> .;��;,.,. . ... . .: interest. Borrower shall ulso be in defAUlt if BoROwer, during the loan applicntion process, gave materiatly false or _
<br /> • :��,' ;,,' '��� '•� '^ inoccurate information ar statemenu to Lender(or failed to provide Lcnder with any material information)in connection with
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<br /> , the loan evidenced by tho Note, including, but not limited to, reprcsentations concemin� Borrower's accupancy of the
<br /> :x:�;;,;�.,,.,�r;,-,;i ; Property a�a principal residence. If this Securiry Instrument is on a Ieasehold, Borrower shall comply with all the provisiotts
<br /> � '- of the leace. If Borrower acquires fee titte to thc t'roperty.the�easehofd and th�fce title shaii not merge uniess Lender Kgrces
<br /> to the merger in writing. ..
<br /> ' ' 7. Protection oP Lender's Rights in the Property. If Borrower fails to perForm the covenants and agreements
<br /> ���„Y;�;,;'� �� contained in this Security Instrument, ar there is a legal proceeding that may significantly affect Lenders rights in the --
<br /> �;,�: • Property(tiuch as a proceeding in bankruptcy.probAte,for wndemnation or forfeiwre or to enforce laws ar regulutions). then °
<br /> � - • ��;.�Y,;;. Lcndcr may da and pay for whatever is necessary to protect the value of the Proprrty and Lendert right�in the Property.
<br /> � , : , ; �` �'' � Lender's actions may include puying any sums secured by a lien which has priority over this Security Instrument,appearing =
<br />_ '•�j:� ,��:� °�� '� in court,paying reasonable uttomey,'fee�and enterinF on the Propetty to make mpairR.Although Lender muy tako action
<br /> • . , under this paragrAph 7.l.ender does not have to do so.
<br /> � ,,.. Any nmaunts disbur.xd by Lcnder under this paragraph 7 .hall become additionul debt of BoROwer secur�d by this --
<br /> "",. •� "� Security In�trument. Unless Borcower and Lender ugree to other tcrms of payment,thexc amounts shall be�interest frorn the °
<br /> �.• . �' .:, � date of disbursement:�t the Note rate and tihall be payuble,with interest,upon notice fmm l.ender to Borrower requcsting �
<br /> ,, ,,�.• payment. _
<br /> � . S. Mortgage Insuranee. lf Lender required mortgage insurance u�a condition of m•rking the loun secured by this -
<br /> � ��� Security Instn�ment. Bortower sha11 pay the premiums rcyuired to �naintuin the mortguge inxurunce in effect. ]f.for any �
<br />- � �i'�::':.� ° reason, the mortgage insurunce coverAge required by Lender lapses or cease+to be in effect. Borrower shull pay the c�
<br /> - •� . premiums reyuired to ubtain coverage substuntiatly equivalent to the mortbage intiur•rnce previou.ly in effect, at a cost =
<br /> - substuntially equivalent to the cost to Borrower of the mortgage insuran�c previously in effcct,from :u�altemate moregoge
<br /> " � , insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not:evuilflble. Bor�ower shall pay to -
<br /> � - Lender each month a sum equal ta one-twelfth of the yearly mortgugc insurancc premium bcing p•rid by Borrower when the �_
<br /> ` ',`•�+_�L� �, inxuranre coverage lap.ced or cea.sed to be in effect. Lender will accept,use and retain these puyments us a loss reserve iri lieu =
<br /> ,��. • ��--� of mort a e insurance. Losc reserve a ments ma no lon �r be re u�red,at thc o non of Lendcr, if mort ,� c insurance
<br /> :• .v�: •f ;•9. S� P Y Y S' 9 � p� S'8
<br />_ • coverage(in the amount and for the periad that Lender reyuires>provided by:►n intiumr approved by Lender again becomes
<br /> ' � _ uvailable and is obtained.Borrower shall pay thr premiumti reyuired to maintai n mortgugr insur:ince in effcct,or to provide a
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