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<br /> -- : -`� penodc that Lender rcquitcs. The inwnuue ciurier pruviJluY it�c ivamwwe►haii te chan:n tsy Barruac:sub}:rt to Lencl�rL
<br /> approvAl which�all nat be unreasonably withixld. If Barower faib to maint�in caverage de�crihed�hove.Lender m�►y.at �
<br /> -- l.euder's opNon.obtain cover�ge ta pmtect L.ender's d�hts in the Propeny in ucconi�e with Ewry�{mph 7.
<br /> _ --- ---- All inaurance policies and t�enewals shall be accepwble to I.ender ond shall include x�iwxlwrd nwrt�aRe clpuse. Lender
<br /> = �hall havc the right to hold the policies uxl rcnewal.r•. If Lendcr roquires,Borrower tihull pc+�mptly give ta I.r�xier s�ll rerripls
<br /> -- of p,�d prcmiums ra�d nnewal notices. In the event of loss, Borrower shafl Yive prompt notice to the in�u�+urce c�rrier�uid
<br /> L.ender. Lendcr may make proaf of loxc if not made prmnptly by Bormwer.
<br /> �'�-�-- - - - Unie�+ixrxk��rnl Barower ahenvine agrw ia wnuog,iu�u��uwe Nuwcc,l,.hrtt�:aFplicd to re�:;oratton nr repair�,f �
<br /> � th¢Prqxrty damAged. if 1he r�estoration or repair ic econcxnic�lly twsible and Le�xicr'�.ecurity is nat latixned. If the
<br /> K�: ;-'` A�",�.� restorr+tian or rcpair is not cronomically fausible or Lender�security would 6c Iezhcned,the insurrnce pracreds shall bc
<br /> :�a;,,ti�°� npplied ro thc +ums tiecurcci by this Sccurity In�strument.whethcr or not thcn duc, with eny cxress puid to Rorrowcr. If _
<br /> ��� Borrower abandons the Propeny, or does not unswe� within 30 duy� u naice from Lender thut the inhurvnce c;urier h�a
<br /> ___ _ ����-.;,� ,,�,.,*„{_� offered to se►tle a cluim,then Lender may collect the insurunce proceed;�. I.ender may use the proctedr,to rcpair or rcstorc
<br /> '"����"►�� the Propecty or to pay aums r.ecured by thts 5ecurity!nr•trument,whether or not then due. The 30�day perlad will be�in when
<br /> =�'-�=�`-'� the notice is given. �."
<br /> ="=�'ri�•"���=������ l?nless Lendcr and Borrower otherwise ngree in writing,any applicution of procceds to princip•rl sNall not cxtend or
<br /> .�:.:,;,.,:�.,�.., � pcntpone the due date of the monthly puyments rcferred to in paragrnphs I and 2 or change the umoum ot the paymcats. If
<br /> �`i � •' �' - •'��y under para�aph�1 the Property is ncquircd by C.ender. Borrower�right to any enwr;uue policies and proceeds retiulting
<br />_ _� � ' fmm dnmage to the Property prior to the acquisition shall pu.ss to L.ender to the extent of the suma securcd by this Security — _
<br /> � '�"'' °`;'`'�"' Instrument immedialely prior ro the acquisttion. �{'-�•-
<br /> "���' �'t "� �� 6. OccupAncy, PreservAtion. Matntenance and ProtecNun ot the Pcoperty: Borrower's Loan AppUcs�tion; ''�```
<br /> ��.�r:.:,.r ,
<br /> ��,J,��<,�I`,�.:�,� l.eacrholds. Borrower shall accup}•,estabftsh.and use the Prc�peRy ac BorrowerE principal residence within sixty day.�ftcr �r�
<br /> �s:<-� . the execution of this Security Imtrument an d s ha l l continue eo occupy t h r P rope rty as Boaower s pri n c i p a l rc s i d e n c e t o r a t ��,_
<br /> •� :K� � �' ;.� least one year aftcr the data of occup�ncy, unless Le n d e� ot henvise agrees in writ ing, w hic h consen t s hn l l n o t b e _
<br /> •- w•` unrcasonably withh�ld,or unless extenuating circumstances exist which are beyand Bomnwer's control. Borrower shall not
<br /> � . destroy,damage or impair the Property,allow the Property to deteriorate,or commit wucte on the Property. Bonoa•er shall ___
<br /> � '•��- ���y.:•�;�`��� •,- be in default if�ny forfeiture action or proceeding,whether civil oreriminal,is begun that in Lenders good faith jud�ment
<br /> � -�"•`°"�' �"""' could result in fodeiture of the Propeny or otherwise matrrially impair the lien crcated by this Security Instniment or __
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<br /> '`�•rR_ '-:�•. : Lrnder!�security interest. Borrower may cur+e such a defc►ult nnd reinstate,as provided in paragraph 18.by causing the action
<br /> • .�f�ti�. ; ;;: . or procecding to be dismissed with a ruling thai,in Lender's sood Faith detertnination,precludes forfeiture of the Borrower's
<br /> _ intercst in the Property or other material impairment of the lien created by this Securiry Instrumcnt or Lender's security -�
<br />'- z:-::�..,,.: • interest. Borrower shall also be in default if Borrower, during the loan application process, gave materiully false or
<br /> ' •' ,:,_�;;,,�,,��.� � inaccurnte infartnation or statements to Lender(or failed to provide Lender with any macerial information)in connec[ian with �`.''•
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<br /> • ,;���'�'::' .i;,`•'• the lo:m evidenced by the Notc, including, but not limited to, representutions conceming Borrower s accupancy of the
<br /> - -' ����'-='-";t�,-�=�=-_ !'ro�etty a�:a principa!residenee. l9:hfs Secarity Iastr�mant i����I�a�h�1�1,Rnrrower chall comgly with all the provisions
<br /> •a-�� ,
<br /> of Ihe leatie. !f Borrnwer acquireti fee title to the Propecty,the leasehold and the fee title shall not merge unless Lend�r agrees
<br /> ' tothe mergcrin writin�. �
<br /> • 7. Protection of Lender's Rights in the Property. If Borruwer fails to pedorm the covenants and ugreements '_`� ��"
<br /> , , • contained in this Security Imtrument, or there is a legal pr��ceeding that may �igniticandy affect Lender's ri�htx in the �`
<br /> � Proprny(tiuch;►s a proceeding in bankruptcy,proba[e,for con<lrmnation or forfeiture or to enforce laws or regulation+l,then �.,,
<br />" � Lender may do and pay for whatevcr i� necessary to protrct ihr value of the Property:►nd Lender:ri�hts in the Pm�xny. ��'..-
<br />� � Lender's actiom may include paying uny sum.secured b��a Jien which ha,priority over this Serurity Instrument,appcaring
<br /> = � '� '� in court.paying reationable attomey�'feec an�l entering on the Property to make repairs. Although Lenckr may take uction - _
<br /> un�fer thi�paragraph 7.Lender doeti not have to do so, �
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<br /> � Any amoum�di�buned by Lender under thi+p;�ragraph 7 vhall becomr additional debt of Borruw�er �ecured h�•this •
<br /> � .� ' Security In.trument. Unles. Borrowcr and Lrndrr agrec to uther ternts of payment,the�c amount,,hall bcaz imcrest from the `•• .,�
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<br /> d;�tc of dititwr+ement�t che Note rate and shall be payable,w iih intcre�t,upon notice fmm Lcnder to BoROwer requetiting ��'
<br /> � p•r�•ment. ,^
<br /> ,, • S. Mort�a�e insura�ce. If Lrnder reyuired mnrtga�e intiurance a+a rnndition of making the loan secured by this +
<br /> � , . Security In.tn►ment. Borrower shall pay the premium,required to maintain the mongage inwrance in effect. If, far uny �''°-
<br /> � •ti o Borrower shall av the �,x`.
<br /> + reason, the mortFage i��urance coverage reyuired by Lender lapse+ or c�a�c t be m effert. p , �:=
<br /> c� y � >' u �'�. p . y �: -
<br /> ��t " rcmiunn rc uired to obtain covera�e +ub�t:u�tial! e uiva:em ta th� mort .��� in+urance nvinusl in effect, at a cast ��
<br /> ' suhstantially eyuivalent to the cost to Borrowcr of thr mortguge insurance previuu�l�• in effrrt.from an altemate mortguge a__
<br /> in�urer a roved h• Lender. If sub�tantiall e uivalent mort a e imuranre covera�r i�not:�vailable,Borrower yhall a�to '�?
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<br /> Ltndrr each munth a tium eyual to unc•tweltth af the ye3rly mon�age in.urancr prcmium being paid by BorraN•er when the L• =
<br /> �} ;�;�„i�, iasurancc rrnerage lapsed or ceakd to be in effrct. LenJer��ill accept,uu:uid retain the.e p•rpmcnt.a,a lo„re+erve in lieu �- �
<br /> ,. . ;'� ::;.�,,. of mortgage insurance. Loss reservc payments muy no longer he required,at the option of Lendcr,if mortgage in,m•ancc �`r
<br /> ^•"t'+'%Fe� .�:',, covr�age(in the amount and far the periai that Lender reyui re���ro�•ided by an in.urer appn��•eJ by Lender again becomes r
<br /> ,. r..,.;,. , �+''�';
<br /> �.�i', �. uvriluble and i.obtained.Hnrr�w•er�hall pay the premium.required to maintain mortgagr intiurancr in rffect.or to provide u ,...:
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<br /> � ."`' ,� ',� loti+rrserve,unt�t thi•r�.�uirdment for mortgage intiurance end+in acconlunre aith any written agrcement betw•een Borrower �
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<br /> ,'�, �;i�.�.• � at�d Lender or:�ppliruhle iaw.
<br /> "� �� 9. Inspection. Lender or it�•rgent may makc rcasonablr rntric.u�n and imprction.of thr Property. Lender shall �_. ,
<br /> -�`� 1• 1 �ive Borrou�er notice at the time.�i or priar to:►n impection+re:if�•ing rca,onable wu.e fur thr im�xction. • "
<br /> ' �%t 1�. Condemnution. The TMn�ceedti uf'any awurd��r�l.�+m for damagr.,direct or con.eyurntial.in connretion with any , �
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