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<br /> � ' S. �`Or�y �`0-1,,._�$,O,t001Yt�6���y�L�! f�IG �l�[OY•�l��S nUN�Or�'�M�f.�.��C,�,W �OL f�lG <
<br /> � ' property insurcd again5t loss by fire�11�W����71i1LLlU!WG�����lG��VC•�pr. ��y WF� IY�LILLYJ������
<br /> tioods or floading.for which I.ender�guiies ins�r�noe.This insurance sF�ail be ra�itained in the amo�nts and for the periods'
<br /> th�1�Lender�cquires.The insurauoc carrier providing the insurance shal!be c'hose�by Borrower snbiect to Lendei s atrproval
<br /> � vsihich si�aU nat be umeasonabtY withheld. !f Borrowcr fails to mainwin coverage described above. Gender may. at [.ender's
<br /> option.atitaia a�verage,to protect Lender's rights in the!'ropetty in accordafice with paragraph 7. � � � � ,
<br /> All�asutanoe poiicies and renewats si�alt be acapt�ble to Lender and shall includc a standarod mortgage clausc. l:eader
<br /> - sha!!'�i�ave thc right.m hold the poticia.and c�enew�ls.If LenctRr roquiies,Botrpwer shall Pm�Y Bt�e to Leuder af I raxiptc_of . _
<br /> _ paid pmmiums and tenewat no6c�s.In the event of toss.Bocrawer shall give prompt notia to the ins�sanoe cariier and Lender:
<br />_= — L,ender ma�m�lce pmof of loss if aot made promptty by Borrower. ' � ,
<br /> - Unless L�ender wd Borrower otherwise agree in writing.insurance proaeds sha11 be applied to restaration as repair of the __
<br /> --_- - pcnpercy dam�ged,if the restoration or rtpair is eoonomicaUy feasible aid L,ender's security is not 1e�.sened.If the restoratioa or , __
<br />= repair is nof econumi�ally frasble or Lender's socurity woutd be tessene�,tbe iasurance prooeeds sGall be apptied to ttie sums
<br /> savrod by this Sacnrity Inmumetu. ahether or not th+en due. Evitli aay txce�s Paid to Bormwer. If Borrower abaudons tfie
<br /> �Y �property�or daes mt aacwer-withen 30 d"ays a notice finm t.rnder tbat the in�.��carrier bas offered to settte a claim,then . _
<br /> e.�: Leader may colla:t the iasutance procads. Lerder may use the proceeds to repair or restore the Prope�ty or to pay sums , _— -
<br /> - �-sawned by this Secarity Instiumeat,wh�het or not ttxn due.'fde 34day periad will begin when tt�e notice is given. c �,�--
<br /> UWess Lender aM Borrower otherwise agroe in writing,aaY appliption of prareeds to principal shall aoe extead or �:.:�:;��_
<br /> ne the due date of the moatlil nts�sfeaed to in hs 1 and 2 or chan e the amount of the ts. If "�" --
<br /> _ Po� Y PaY� P��P S P�Yi°�► �';4;.,y=.
<br /> under�21 the Property is acquirod by Lender. Borrower's right to any iasuratrce poGcies and praceeds resulting from ,:�-;
<br /> damage to the or to ihe s�tion shall to I.ender to the extetit of the sams sea�red by this Security Insuumeat. .,�s�"`
<br /> P�nYd� �� P� . .
<br /> - - immed'mtaty prior w thesi�quisition. • , _. ::�:;.._-
<br /> - 6.Occup�ncy,Ytise�ation,Maiuteaance nnd Protectton ot the Ptoperty,Borrovrer's La�n Applkation,I.ea�otd4. • . —
<br /> .Borrowu shall occupyY�iablish.and use tbe Pmperty aS Borrawer's principal iesidence within sixty days after ttie exeeurion of -, .,'��
<br /> - this Security In.stma��ud shall¢on6nue to accupy the Property as Borrower's principat nsidence for at least one ye�aRer .: ����:-
<br /> ',. ' :�:_:; the date of oavparxy.�ess Lender athe�wise agrees in writing,which rnnsent shall aot be unmasonably withheid,or aniess _
<br /> - _ ` :;�L j`�� ;, txtenu�ting circumstaitces eaist which are beyo�l Borrower's contral. 8orrawer, shall not destroy, damage or impair the . __ '_ _—
<br /> ,,;�= Property.aliow the Propt7ty to deteriornte,or commit waste on the Property. Borrower shaU 6e ip defauit if any forfeiture
<br /> ;,.,y ;�,,x�,' actian or proceeding.whether civil or criminal,is.begun that in Lender's good faith judgment could result in forfeiture of tbe =
<br /> • <';�^''�J'+�'�,-t P�operty ar otherMrise materially impair the liea created by this Security Instniment or l.ender's s�unty inter�sG Borrower may .'
<br /> . :i�^:� 't�r::�;.._-: . . _
<br /> - =:-•.:�:. � �.:�,� • , cure such a default and reinctate.as provided in paragraph 18.by causing the action or proceeding to be dismissed with a ruling . �
<br /> �L'° a ,s��:" that. in i,eader's oad�aith detemunation. precludes forfeiture of the Burrower's interest in the Property or otfier material :.-.•' .�;-
<br /> . � ��::• '�`�,.. g .a:�..:—
<br />: ���':^'. impairme��'of the lien created by this Security Insuumeet or Lender's security interest. B�.ac�uwer shall also be in default if �;K�,-;;r��.�—
<br /> ±���,:,;�;:„ Bomnw�.�aring the loan application prooess.gave materiaUy fatse or inaccurate informatiau�r statements to Lender(or�s�ed ' �+_ 4��,,..�
<br /> ��:� 1=;�'=�� to provid'e��..ender witi�any material infomiation)in oonnection with the loan evidenced by c.'�f:itiote,inciuding,6ut nat li�ited - '°�
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<br /> = v���� Y; '�''•+ ••. to,repres�ntations omnaeming Borrower's accapanc�of the Property as a princdpal msidenoe.If this Security Instrument is on a �;� ., ,, , .°
<br /> ''�'.`:�`��3 . - leasehoid.Borrower s�alt camply with all the provisions of tbe lease. If Borrower acquires fee title to the Property,the �' � �:�'�;��
<br /> ",��':.•. . .�.' `, � Ieasehvl�and the fee titte sfiall not merge unless I.ender agrees x�r�merger in writing• .t, . . ,�:.��k
<br />- �=:�-;�.'.�:'�. . --,c• : j 7.Pratection o!Leoder's Rights in fhe Ptoperty.If Borro��fails to perform the cocenants and agreements contained in d : •`,. �
<br /> � - ;.,. . • � ''��• this Securiry Instrument.or there is a legal proceeding that may significandy affect Lender's'rigi�ts in the Property(such as a �;_ �"
<br />° �•�'�r�' �`;�'�"`� � ,ptoceeding in bankruptcy.probate, for rnndemnatian or forfeiture or to enforce laws or regulations),then l.ender may do and � .`„', •� ' ?f•
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<br /> :T•_. • ' pay for w6atever is necessary to protect the value of Ehe Property and l.ender's rights in tfie Property. Lender's actions may �. „ -�,;
<br />'-� '� 'a-�� ` j inciude paying any sums secured by a lien a•hi.^..is f�as pdority over this Security i , �� nt. appearing in court, paying � ,�, ,,���;
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<br />. � •'�'.�°"•;'�-',-'. reasonable attomeys'fees and entering on the Prope:.y to make repairs.Although Lend�z r.�av take action under this paragraph � :;:
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<br /> ..�.-;_;,:' :. . ;� 7.Lender does not have to do so. � ..,,;�c; �,
<br /> .�-` :.. � An amounts disbursed b Lender under this ara ra h 7 sha11 betoaree�ditional debt of Baaower secured this '
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<br /> ,r;;�k;;.,;� _• � - Securiry tnstniment. Unless Borrower and Lender agree to other term.s of paymem, tAesc amounu shall bear i,nterest from the :��. ��� .' �
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<br /> ;`t �'-�'•;� ' date of disbursement at the Note rate and shatl be payabte. with interest.upon nouce from Lender to Borrower tegrres'.i�� t. � �. •.!''�.`•.•
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<br /> t;�lx.�.:. . PaYment.
<br /> '�`,a.�-'=;: S.Mortgage Incurance.If L.ender required mortgage insuranee as a candition af makin�the toan secuted by this Socurity � `'."�' _
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<br /> �. � ,j•,_.5,,. . IttsttumeM. Borrower shall pay the premiums reqnired ta maintain the mortgage insurance in effert. If, for arry reason, the , �
<br /> ;t4�r;,t;r,.; mortgage insurance coverage required by Lender lapses or ceases to be in effect.Bonowpr shaU pay the premiums required to � �. . . �,.,,,Y�
<br />. ' „;, obtain coverage substanti�lly equivalen�to the mortgage insuranae previousty in effect,at a cost substantiafly equivalent to the �;=,��:�..
<br /> .. „a,'r;�'; �. . ,ti,,'`�,.�;.
<br /> >.�:�:� cost ta Borrower of the mortgage ir�rance previausly in effect. from an altemate mortgage insurer approved by Lender. If , ..
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<br /> ,_;;; ,. ��_ sabstantiaily equivalent mortgage insurance wverage is not avaitable.Bonower shall pay to Lender each month a sum equal to f .: .� .''.'.;if•...�
<br /> ' "' " ` ' ono-twelfth of the yearty mortgage insurance premium being paid by Borrower when the insurance coveragz lapsed or ceased to `• .,
<br /> be in effed.Lender will accept.use and retain these payments as a loss teserve in lieu of mortgage insurance. Loss reserve �� '•"' '
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