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<br /> periods Itut L,saderieqnira. Tl�e inRUrark�e csrtier Prw'i�d�e mnvanoe�Irtl Ee eAmrn by Batsoret�uAjea lo L.eaderl
<br /> �usxc�vd w�fiich s3udi na be unrra�a�aMy W rthheld. !f Bcastrs-er!sils x r.s�+..;:s�r•.��._.cr.!w+sbor_.L�der�.s:
<br /> Lmdcr's opuor,.obcain cwe►.ge�o�t t.enaers rigne,in dm Roperey o„uoRi,na w;r�,p�r,=„pi,7.
<br /> AlJ inw�ance poli�,its and rcnewala shu11 he a,:cept�'�k to l.sralet urd Jtall i�:ude_:'_-�d mortyi�t clwre. Lender
<br /> shat�hare drc rijlu to hold the policic+and rencwal.. If Le�der rcquira.ilonvwa st.all promply pre w L.a�der all neceipts
<br /> nf�rid premimns aed renewal ratices. tn the evcM of lots,Ba�rtowa shall give sraxngt notice w tAe�n�ra�artier and
<br /> l.ender. L.ender may make proot of loss if no1 rtude PromD�y bY Bo�ov�'n-
<br /> Unkss L.eeder and Borrower aherwise aeroe in writini,insurancY proceeds shall be�plied w resto�tioa a rep�ir d
<br /> drc Property d�myed, if the reuontion a rop�ir is eoonomica!!y fsuibk and La�derY�ecaity is nat kaseoed. H 16e
<br /> rcstaation or rt�ir is na ecaamically feasibk or L.eederk securiry waiW be lessa�ed.tbe��arce proc�eed�sh�l1 be
<br /> applied�o drc s�nns�ecurcd Dy thi�Savrity InstrumeM.w�haNa or na dim due.witb aoy extcss p�id�Bareower. U
<br /> Boaower abrldoiu.the PtopMy.w does not wwa withia 30 dtys a nooec hom L.enda th�t tbe'cwcaooe cariet lus
<br /> offa�ed w seale a claim.Nrn Lader may colkct the�p�ocuda, l.enda may me�be p�oaeds a�ir or resto�e
<br /> d�e PmpeRy or a pay wm,ec�ea by d�Sepritr In�.«eed�a w o01�6ea aue. 7be 34d�r venod w�bwo w�
<br /> the nak�e ii va�,
<br /> >, :,. . �.,�., �,n+�
<br />""��..,, ,;" ,,,, �'BonpwerodiaMha atroe ij rreidnE:�f"��PP�'a1'Noceed�t b Pric4�t i�r�"`�'�`n�or"'`,
<br /> Postpoee drc due dae of the monthly payments rcferted to in paaBraphs 1 and 2 or dunge t6e amoa�t of�be p�ymnra. 1(
<br /> arder paragnph 21 the Property is acquircd by Lei�der. Borrowerh right to any'na�rance poliria and procee�
<br /> fnxn damaje to the Property pnor ro�he scquisition shall pass w I.ender►o the extcat of ehe suns secvr�ed by this S�aurit�y
<br /> lnswment iQm�edi�ely prior w the acquisition.
<br /> b. Oawponch PresernNon. Malnteaanee and Prafeetioo of Me Propertr: Barrowcr's [.ou AppUcatioo;
<br /> l.ea�eholds. Bmrowtt shall occupy.extabtish.and usrthe property u gortowa's prtnc�pal rcsidence witfiin sixry days afttt
<br /> the exxutian oi this Securiry Inswment and shall continue to occupy the Property as Barower i prinripal�esidrnce for at
<br /> �eact one year aRer the date of occupancy, unkss Lend� otircrwix agrees in writing, which conunt sha11 ,at be
<br /> unrcasanably withheld,o�unless extcnuating circumstanccs czist whicl�are beyond Borrowcr's control. gorrow�r shall not
<br /> destroy,damage or impair the Property,allow tF,e Property to detericmate,or com,nit wa,te on the Property. Borrvwer shall
<br /> be in default if any for(eiture action or prcxceding,whether civil or criminal,is begun tha�in Lender i good faith jueigment
<br /> cewld rcsult in for(eiturc of th� Roperty or otherwix materially impair the lien created by this Security InsWment or
<br /> Lender's security intercst. Borrower may cere such a default and rcinstate,as provided in paragraph 18.Ay causing the x[ion
<br /> or proceeding to be dismissed with a ruling that,in Lender'.g�1 faith detcuuination,prc-cluoes kxfeiture o�the Borrower's
<br /> interest in the Property or other material impairtnent o(the lieq peated by this Secunty lnurume�t or Lcnder's secunty
<br /> �ntere�t. Borrower shall alw be in Jefauh if Borrower, during [he loan application process. gave materially false or
<br /> inaccurate information or statemenu io Lender(or failed to provide Lender with any maierial in(ormation�fn connection with
<br /> the I�un rvidenced by the Note, including, bW not limlted to, reprexnta[ions conceming Borrowtt's occupancy of the
<br /> Prcipeny as a principal residence. 1(this Secunty instrumrnt is on a leasehold,Borrower sh:ill canpiy with all[he provisions
<br /> of thc lease. 1(Borrower acyuires fee title to the P,-openy.th�irasehold and the fee title shrll na merge unless L.ender agrees
<br /> io the merger in writing.
<br /> 7. Protection of Lender's Righls in Ihe Properyy. If Horrower fails to perform the covenants and agreements
<br /> containnd in this Security Instrument. or there i, a legal proceeding [hat may significan�ly af(ect Lenekr's rights in the
<br /> Pmperty(xuch as a proceeding in bankrupicy,probate,for cundemnation or forfeiture or to enforce laws or regulations),then
<br /> Lender may do and pay(or whatevrr is nrcessary�o prutect the value of Ihe Propem and[zrrler3 nghts in the Propeny.
<br /> Lender's actions may include paying any sum.srcured by����n which has priority over this Secunt� Instrument,appearing
<br /> in cnurt,paying reasonable attomeys'fees and entrnng on thr F'roperty to make repair.. A!thiwgh Lrnder may take ac�ion
<br /> undrr this�uragraPh 7,L,ender dex,noi have to do,o.
<br /> Any amounts disbursed hy LenJer unJer thi.F13�8�;fJrh 7 shall t�omr�dditional det+t of Borrower secured by this
<br /> Srcuritv Instrumcm. Unlrss Borruwcr and Lender a��mr tn othrr temu o(pa�ment,the.e amounts shall bear interest from[he
<br /> daic of disburseme�t at the Noie raic and sh:�ll tx paeahlc, with intere,t,upon notice frum Lender ro Borrower requesting
<br /> pa�mcnt.
<br /> %. �tortgage Insurance. If Lendrr rryuirrd munE�ge in.urance as:�cundil�on u(maAing ehe loxn secured by[his
<br /> Serurit� Instrumem. Bbrtuwcr.hall pa� thr premiunn rcyuired io maintain the mum�aer irour;mce in effect. !f. for anv
<br /> nason, thr mongage insuranrr cnvrrage rcyuirrd b} Lcndr: lap,r. ur cra.r. iu tx in tlfti[. Burtouer sh;�ll pay the
<br /> prcmiums rcyuired to obtam ro�cracc ,ub�tantialh ryw�a�cnt �o ihe munea_�r inwrance prc�iou>h in effcci, a� a cotit
<br /> suh.iantiall�'eyuivalent to the c�i.� �n Horrouer u�ihr mun���,r in.ur;mce pre�iou.h in e�t��rt.(r�an an altema�e mortgage
<br /> in,urer approved hy Lender. If.uh.cm�ialh eyun:drnt m„ne�,�r imuranre cu�craer i.not a�silahlr.Borrower shall pay to
<br /> Lcnder rach mon�h a wm eyual io unr�urllih uf ihr�r:uh mungagr im�rancr prem�um tkme p:�fd b� Borrowrr when the
<br /> inwr:mce co�erage IapseJ or rea.ed tn he in clteci- Lrndrr w ill�rcrpt.u.r:uid rri�in the.e Fu�menh a.a loss reserve in lieu
<br /> of mongage in�urance. Lus,re,ervr pa}mrnl.m:�� nu I�merr tx-reyuirrd,at the up6on nl LrnJer. if moneage insurance
<br /> cu�rragr(in the amoum and f1�r ihc��rii�il Ih;u Lrnder rri�uire,l pro�l�rd b� :m in.urrr:�ppn��r�h� Lender�eain becomes
<br /> availablr cind is ohtainc�.Borrowcr.h:�ll p:n the prrmiwn.rcyuircd u�m:�int:�ln murt,•:c�e in.u:an.r m tffrrt.or to pru��ide a
<br /> lo..reserve.until the rcyuiremtnt liir mongage in.uranrr rnd,in a�car�fanrr�.ith�n� ��rittrn a�•rremem between Rorro•.�er
<br /> anJ Lrndcr or applicablr IBN. `
<br /> 9. Inspection. Lrnder or it.:�grn[ma� m;iAr re:n,�nah!c rntric,u��n and i�.��,;;�om o(thr Pruprn}. Lender,hall
<br /> gice Borrow�rr notice at the time o(��r prior�u:�n m.;rrn��n.��if�ing rca.unaMr;�u.r f�ir;hr impeiuun_
<br /> 10. Cundemnation. Thr�nkerd.o(am :i��:ud�,r;laim t„r dame��•,.dire.i or r�m.ryu�•nual.in cunnec�ion u i�h am
<br /> tiinElc F�inih -F��nnie\Iar�Preddi�\lai�L\IFURN 1\�l Hl yF:\f-lliit�,nr.(�:�.cn�m. 9�9p ipqer?��n p.i¢e�i
<br /> � .«t.rr..nuv�neaa Fmm.toe.■� '
<br /> � 1�,�.-.r�iL1 IA'M1S1b9797�';F1.0 61Fly1-1171 � .
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