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<br /> , pesioas tI�at L�ender�s. The insuranoe pnia qovitl;eg ar it�s�ce sd�U 6e c6osen t�8arower subject to Lendu's
<br /> . ipproval which sh�11 na 6e iw�e�sonably withuek�. If s«rowa faiLc w m�innin covetage aexriHea above;Le�der n�y.at
<br /> • I.endet3 optioe.o6ta�n ooverage to p�otat Lenders nghts in the Ptoperty in accad�noe with paragraph 7.
<br /> _ • Ali iasuranco policies and reoewals shall be acceptabk N I.aader and shal!incluck a staada�d most$age ciause_ l.ender • ,
<br /> sUall have tAa right w ho2d the poticies aud:enewals�If Laider Rquizes.Barrower s�U P�P�Y 8�ve io Lender aU receipts
<br /> of paid ptetrdums and renewal aotices. /n the event of loss.Bortnwer sh�il give psumpt notice to the insurance canier and
<br /> l.ender. Lender may malca pioof of Ioss if notm�de promP�Y 6Y Bamwe� :
<br /> _ 'Uniess Lender aad Bamwer otheraise agtee in wtitmg,u�ur�nce pcooeeds shall 6e spplied w cestaation or�+eQair of
<br /> - —. the pmpert!'damaBcd. if the restaation or Rpair is�11y feasibte and l.ender's securitj�.is not tesseaed. ff the
<br /> - iestoration ar cepair is not ecanomi�cally feasibk or I.ender's securiry wautd be lessened.the insur�nce•ptocads sha�lt 6e
<br /> .-. —
<br /> � applied ta thc sums socuced by dus Savtity Insnumet►t.arl�stt�er or aot then due.whb any excess paid w Bottower. If
<br /> -- -•--- "' - ;=o�_d�n!�s-nc+t��n�viru_within_�=day�anoticefinmlender16at1hc.ms�uau�Ccarti�tl�S_. .. ___ .-_
<br /> _ _ _
<br /> � offe�ea to seak a ctaim,then Lender may couecc tbe insufmoe pm000ds. I.ender may use the proce�tn iep9er or restae
<br />—_ , the Pm�pe�ty or to pay sums secnrod by this Secuatg Insormaen�wlxti�er or not then due. 11ie 30-day period w�I begin ahea
<br />-— ' tfie notice is given. . . ,. � .
<br /> � Unless Lender and Bonowe�ot5eiwise ag�e in writing,any appGcation of praeeds to prixipal shatl�wt eaoaid ar
<br /> postpo�e the due date af tfie mosit�.*y payments refemed t�in p�ag�aphs 1 and 2 or chaage the amowtt of the payments. If
<br />�"'` under paragraph.2f�d�e Ptopaty is acqnired by l.ender, Bormwer's,right to arcy insur�nc�policies and piocads res�iltiag
<br /> �.� ��fram damagr to clse Prope�ty prior co the xquisition sirall pass to Leader to.i5e eiccenl of tUe sums secur�d hy this Security
<br /> : ����mim�ediatetypriorcotheaoquisition. ' • _ - - -- -,_
<br />�:r- b. Ouapaocy. Preservatfon. Maintenance and Prote�tiou mlF.3�e Property; Bormwes's Lo�tn A�plintian; ' __-
<br /> �v - l�es�Set�oids B.�rrawer'shat�occapy.estabt�h,u�d ase d�e P�ope►ay as�a'�i�iiwer's principai residence�vithin siaey days.aftcr --
<br /> the exe�►tion of this Seeurity Inst�ument and shall c.onti�w�y tt�Ptopeny as Borrower's prineipal mside�aa fas'at• . � �_�-
<br /> least vae }eac after the date of occupar�cy. ualess Lender o�wi��;�� in writing. whici� cansem shal� �:Iae,`.;•.:�• , �=.�" =-
<br /> u�u�ea�onabty R�ithheld,or wiless extenaating cir�tances exist which�:�yond Bomnwer's control. Boirower si�.�oi�=' : . - r
<br /> , ., destmy,damage dr impair dtC Proptrty.alipw the P�operty W deterioiate.:�crnnmit waste on the Property. Bamw�r,s;wall� �rb._�_�'�,�--_�-`�_'�-=--
<br /> ' be in default�any farfeitu�action or p�tocading.whether civ�7 or cranii�a�,is begun ihaf in l.ender's good faith,Ta�ent ---- _ _
<br /> ` ' could nsutt in forfeiwre of the Pmperty or othemise materiaBy impair tbe lien c�d�by this Secarity Insu� or �����° -
<br /> ; _ `"' �
<br /> Lender's security intens� Borrower may cuce such a defaul[�seinstate.as provided in paragraph 18,by caus�ng t�eaction , +�°`
<br /> - or pmceeding w 6e dismissed with a rtiling Eh geed faith�mination,,pieclades forfeir�,of the$orrawer's '' °'
<br /> at,.�L.ender.'s. ��' r` �,-
<br /> - ,,:. °•-�;;;;�1: intenest in the Property or other mateeial impairmeat of t5€diea�ec��y this Seeariry Instrumen���=ixccder's security =_
<br /> �' . Y�` inte�est. Borrdwer shall also.be in default if Bar�owe��g t� r�a application process, ga�:� aa�:erially.fa�se or � �'�
<br /> � �'*�'��'c�:�7 inaccurate information or statements to Lender(or failed tr��mi7�����vith any material information)ii�wnaea��►i'z&ith �,����:°�-
<br /> s.
<br />- �Y»ti�;:'��� •; � the loan evidenced 6y the Note,inclading,but not lum��s;�����:_,.,;i4_�tarions concerning Bocrower's occupa�g��e _�'t�" '
<br /> �:. � `�r's
<br /> -'` -��� � `� PmPenY as a principal.msidence. If thfis Securiry Irisuu����s�s a:ussza`otd,Borrawer stiall compty a+ith all the��sians' • °i:.°
<br /> � `'�,r:;,•�;�t.�. of the lease. If Borrower acyuires fee tide to the Lavpertjr,:h�.rr�el��"��;anc`�the fee title shall not merge uniess Lend�r`agmes . �� `.:z;�:';::�:
<br /> : a '�t�a.:s.R� to the merger un�ng. ' ��� ' �;;' � �_.
<br /> ; `��-��=.. - 7. Prut��f l�ea der's R i g 61s_i a t�e P ropert�. T f.Horraaer�fai ls to pe r Form t he covenants an d agreements ._ ,, ';,
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<br /> �-�`+:�K�?:.: � cantained in ihis Security rn.m�men� or there is a legal�aceeding that may sigruficandy affect .�.eix7ers rigius in the -
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<br /> - ;;��:� . .. : P�erty(sucb as a proeced"mg in�fiankruptcy.probate.for coicdemnation or forfeiture or.to enforce laws or regulatias�s);lhen .,.;,,,�y;.y,: ,
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<br /> - -:�;;�_-�_�:: . ;•. i�°r may do and pay for wh�tevtr is neoessary to proiect the value of ihe Plroperty und Lender's rights�3n ihe Ptupecty. , :< �'.z':`�=.._
<br /> . Ler4trs actions may include paying any sums secured by a lien which has priority over this Security InvtrumenG•appcaring • , �
<br /> in coun,paying reasonable attomeys'fees and entering on the Property to make repairs.Although Leuder may take action ' -
<br /> - -� • ' �ueder this paragraph 7.i.ender does not have to do so. '. '
<br /> �r�';�' � Any amounts disbu�sed by Lender under this paragraph?shall become additionaf debt of Borrower secured by this ;.,. -. :. �`
<br />-'r,-.. -..���:, -�:_ I�:�• ' S��cwity insuumen� lJalecs Barrower and Lender agree ta other terms of paymen4 these amounts shall beaz interest from the � ''
<br />„ • � date�f disbursement at the Note rate and shall be payable,with interest,upan notice from l.ender to Bortower requesting �
<br /> '°,�.:. . .
<br />. ..,.�, z y>�.�; .�'��-,:. , payment.
<br />!'��:?, S. Atcv�age Insursinca If Lender required mortgage insnrance as a conditeon of making the loan secumd by tt�is � � '� ��•
<br /> �:;:'�4`r: z-,-' = ., . ,• �-:
<br /> '`•�� 'I- � � ' Securiry In�r�.�n'ain.Borrower shall pay the premiums required ta maintain the mortgage insurance in effect. If.for ar�y . ,. 1.
<br /> � --___ _ '. �� ". ``� reasen,ttae r.:o�cgage insurance coverage required by Len�er lapses or ceases to be in effect. Borrower shall pay_the -" : �
<br /> - �`-� .:�;,: pnerr.;.a�s�required to obtain coverage substantially equivutent to the mortgage insurance previously in effecG aq a cost • • •;;;;;;•:;�.;o�
<br /> •;�;,,.;'.'rr;��f.. substantially equiva�ent to the cost to Borrower of the mp�tgage insurance previously in effe�t.from an aitemate mo.�..;e t.,,��.+'!E"�:;;+��.:;=
<br /> -;;,_; '�,�; �.. � insurer a roved b Lender. Ii substantiall �Nale�ri tnort a e insurance covera e is not availabte.Borrower sha:l. 30 � �'yl'"'`'' '�
<br /> . PP Y Y�F S S � P�i�, : -
<br /> x' �'t?i�'�� � Lender each month a sum equal to one-twelft�:�°4lie yealy mortgage insurance premium being paid�}8orrower wl�n the . • I. • • ._
<br />- = '{. •. � • insurance coverage lapsed or ceased to be in effecG Len���:.'1 accepG use and retain these payments as a loss resen-e�,�tieu f '. -,., !
<br /> �,�.,�. ` ,:� ' of;�ssartgage insnrance. Loss reserve payments may no I���w be required.at the option of Lender,if mortgage ii;�so�ce _ ' �'
<br /> �, .; :
<br /> T��� -,�•;,-;?�.;�� �: c��v�r r a g e(i n�t h e a m o u n t a n d f o r t h e p e ri o d t h a t L e n d e r r e�;r r e�)p r o v i d e d b y a n i n s u r e r a p p r o v e d b y L e n d e r a g a i a i�o.rt�e s �
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<br /> •��; �•:_„,: � av;;:��7e and is obtained.Borrower shall pay the premiums r�vired to maintain mortgage insurance in effect.or to Q^as?dr a . -
<br />'?`���`� -r�°�' '` toss reserve;atta i t he requiremea t for mortgage insurance en ds in accor d a nce wi t h any wri tten agreemen t be tween S�rra��er ''
<br /> :��::� . ...__. �, , . .
<br /> ` ~ � , and l.ender or licable law. _ _
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<br />�""�'' � � � � 9. lns �on. Lender or itc a ent ma make reaSOnable entries u n artd ins ctions of ihe Pro Ler.��shall � �
<br /> �-;•,.; •,c°- • P� S Y Po P� P�Y• �., _ . ..
<br />_ ''""'a7'�''� give Borrower notice at the time o f or prior to an inspection speci fying reasona b le cause for t he inspection.
<br />- 10. Condemnation. The proceeds of anp awazd or ct�um for dsimmAges,direct or consequential.in connectier�NiSi.any
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