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<br />_ --__-_ perio�s�hxt Ltnder eryuIres. The in.arenrx ewrtie��viding ihe ln�ur�noe shdl be ciwseat by Bonawa�wbJect to Ltndtrlt
<br /> apprnv�l whkh rhwll not be unrcasorwbly withheld. If Bortower fxilc to rn�intain covera�e descdbed obove.Lender may.u
<br /> Lender!�option.obtain coverage to protect Lender�s ri�hta in the�tty in�ccadance with pAr�gr�ph 7.
<br /> All insurxnce policies and rcnewstla shall be acceptable to Le and�hQll include e stuul�rd mort�a�e claw�e. l.ender
<br /> shall have the right to hold the policies and renewala. If l.ender requirc�,Borrower shall promptly give to l.ender all roceipts
<br /> :� of plid permiums and�+enewal notices. In the event of loss,Borrower shall�ive prompt notica to the incurance cyrrier�nd
<br /> ,� — Lender. i.crder msy muke pmof of loss if not made promptly by Barower.
<br /> ' — - [Inktiti I.etxkr e�xi R�enw�r�h�nuicr n�rvr i�wr�tin�.inc��►nnce�meeeds shall be appHed to t�estoration or rcpair af _
<br /> S the PcoQerty damaged, if the t+estontion or rcpair is economicalty fr,�sible and Lender's security Is not lessened. If the
<br /> . _ rertoranon ar repair is not economically feasible or Leoder's security would be lessened,the insurance proceeds shall be
<br /> -- -__ ° upplied ro t&sums secumd by this Securtty Insuument, whether or not thcn duc,with any excess paid to Borrowcr. If
<br /> ' Borrower abandon� the Property,ar does not answer within 30 days n notice from Lender that the insurance c�rrier has
<br /> � offered to tiettle a claim,then Lender may collect the insarance proceeds. Lender m4y use the proceeds to repair or restoce
<br /> ----"R'�-1 '� ` the Property or to pay sums securcd by this Security lnstrument,whether or not then due. The 30�day period will begin when
<br /> �-�_�� the notice i s given,
<br /> —=-K�tii�-�� Unless Lender and Boaower wherwise agree in writing,any application af proceeds to principal shall not extend or
<br /> -- '`'-'°="r .� poupone the due datc of the monthly payments referned to in p:uagraphs I azid 2 or change the amount of thc payments. If
<br /> �` �'W�'•'"''1"'"'' under paragreph 21 the Property is ecquired by Lender, Borrawert right to any insurance policies and proceeds resulting
<br /> _-_'� � � from damage to the Property prior to the acquiRition shnll pass to Lender to the extent af the sums secured by this Security
<br /> ° °-_'�=r�•� Insmiment immedintely prior to�he acquisition. —
<br /> ��s�.. :-
<br /> �:�+•; ,,�;�c;,,����`�,,,•' 6. Occupancy, PreservaUon, MninteaAnce and Pro¢ectbn of the Property: Borrower's Loan AppUcation;
<br /> ° ° '�,^�°.;� Leaseholds. Borrower shall accupy,establish,and use the Property as Bortower's principal residence within sixty days after
<br /> ",j;���:' �:.4,�`` the rxecutiun uf this Se�uriry Instrument and sh�ll rontinuC to cx:cupy the Property as BoROwer�principal residenee for at
<br /> �;4..; �� ���:� least one ycar after the date of occupancy, unless Lender otherwise agrces in writing, which consent shall not be
<br /> �.'�'••-.5}•� � ���� unrcusunably withheld,or unless extenuating clrcumstances exist which are beyond Borrower's control. Borcower shall not
<br /> ' � deswy,damage or impuir the Propeny,allow the Property to detetiorate.or commit waste on the Property. Borrowe�shall _
<br /> be in defuult if any forfeiture action or proceeding,whethec civil or crimin�l, is begun thAt in l.ender's gaod faith judgment
<br /> � • could result in forfeiture of the Propeny or othenviye muterially impair the lien created by this Security Insuument or
<br /> ;. ' Lendert security intemst. Borrower may cure such a default und reinstate.as provided in paragmph 18,by causing the action
<br /> .•.i - • � or proceeding to be dismissed with a ruling that,in Lender�good faith JQtermination,precludes forfciture of the Borrower's
<br /> � interest in the Property or other material impairment of the lien creuted by this Security Inswment or Lender's securiry
<br /> .. . interrst. Borrower shall also be in default tf Borrower, during the loan applicution process, gave materially fatse or
<br /> •'� inxcurate information or statements to I.ender(or fuiled to provide Lender with any material informution)in connection M�ith
<br /> ' • the loan evidenced by the Note, including, but not limited to, npresentations conceming Borrowe�s occupancy of the
<br /> =�._,..�''`'�" Praperty a+a principal residence. If thix Security Instrument is on a leasehold, Borrower shall comply with aU the provisions
<br /> -- - —' --`— of�he lcax:. lf Borrower acquires fee title to the Property.the leacehold end the fee title shall na merge unless Lender agrees __
<br /> � to the mer�er in writing.
<br /> . 7. Protectbn of l.ender's Rights in the Property. If Borrower fails to pedortn the covenants and agreements _
<br /> ., ' con[ained in this Security Instrument, or them is a Iegal proceeding that may significantly affect I.ender's rights in the
<br /> . Property(such as a proceeding in bankruptcy,probate,for condemnution or forfeiture or to enforce laws or resulations),then
<br /> ,., � I.ender m�y do and pay for whatever is necessary to pmtect the valuc of the Praperty and Lender's rights in the Property.
<br /> Lender's actions may include paying any sums secured by a lien whirh has priority aver this Security Instrument,appeuring —
<br /> in court,paying rcawnablc attomcys'fec.and enterinF on the Property to make repairti.Although Lender muy take action �
<br /> _ � • under this para€raph 7,Lender dcex not have to do,o.
<br /> �.. Any :�mountti dixbursed by Lender under thix paragraph 7 tihall become additional debt of Borrower secured by this
<br /> ,� Sccurity Instrument. Unless BoROV�•cr und Lender agrcr to uther tcrms of payment,these amounts shall bear interetit from the
<br /> - datc c�f ditibur.r•�ment at the Note rate and,hatl be payrble,with intcrest,upon notice from Lender ro Borrower reyuesting
<br /> � 1 ' ' p•ryment. "
<br /> ,� , 8. Mort�age insuranee. If Lender rcquired mortgage in�urunce a,a condition of making the loan seeured by this `
<br /> Securiry Instrument, Bonower shall pay the premium, reyuired to maintain the mortgage intiurance in effect. If,for any _
<br /> rea.wn, the mo�tgage insurance coverage reyuired by Lender lapses or cea�es to Ix in effect. Borrower xhall pay the _.
<br /> premiums rcyuimd to obtain coverage zuhstantiully eyuivalent to th. mortgage inzurance pre�•iously in effect, at u cost '
<br /> • tiubstancially eyuivalcnt to the cost ta Borrower uf the mortgugc insuranre prc�•ioutly in effect,from an altcmate mortgage _
<br /> � . ' insu►rr appmved by Lender. If subtitantiully eyuivulent mortgage in+urance coverage iti not rvailable.Borrow•e�shall pay to
<br /> 4 Lendcr cach month a 4um equal to one-twelfth of thr}•eurly mongagc insurancc premium bcing paid by Borrotiver when the
<br /> „ �y;;:'• intiurance ccwerage lapzed or cea�ed to t►e in rffect. Lender will accept,u.r and retain the�e paymrnts u�u loss reserve in lieu
<br /> ; of mortga�e insurance. Lo,s retierve paymentti may no longer be required, at the option of Lendrr,if mortgage insurnnce
<br /> � :: �,,,, . coveragc(in thc umount and for the pe:riod that Lender reyuirer)provided by an insurc�approved by Lender again becomes
<br /> t :•.;,., .u�'�.�:. available and is obtsined.Borcower shall pay thc premiumti reyuired to maintain murtgage m.urancr m effcrt.or to provide a '
<br /> . �:a�e . lo,s reurv�,until the rcyuircment for mortgage inwranc�end�in rccord.+nce with any written•rgreement between Borrower
<br /> r � • : �,.;: . and L�nder or applicublc law.
<br />—�� 9. Inspection. Lender or its ugent may make rea�on•rble entrie,upon :�nd inspections of thr Property. Lender shall
<br /> .,_`�` sive Bom�wcr notice at the timc of or prior to un in�pertion sperifying reasonahle cause for the in+pertion. _
<br /> 10. Candemnation. The proceed�of any award or cl:►im for damage�.dircct or con.equcntial,in wnnection with any
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