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<br />� 3. Bme+i er�pferer r.}w�e�a.oa Hono+res r�ll lreep tbe i��t.��,t�,ats aow eia��a 6e�a�«aeaed au tAe.
<br /> .•+.�.•y I�Ifl���aw.��I II1C•��C�If�O�N�t��I�lS�Glm�iAKa�uRa C01/0[�aE�L�iG�O��lfaafe I�O� .
<br /> � floals.or.flaodic�.fur vrhirh I,eoder rrquires.insuiaa�e.T6is inwraooe si�U 6e maintained ia t6t amouets a�for the period�.
<br /> , ' that t.eade�req�icr.s.'[be�ueanoe wrr�er pcpvidiag t6e insurance sTmll bc chosen 6y Bornnwer subjat to I.ender's appiuv�i '
<br /> whicti si�mt'6e uneeasonably withheW: If Borrowa faiis to a�a�itain wverage described above. teoder tnay,at I.ea�kr's
<br /> ` option,obtain oovei�ge to prateet I.ender's righ�s tn the Ptuperty in accordance witb puagrapi�?. � `° . ,
<br /> All ins�uance poliries and renewats shaq be axeptaDte to Leuder and sitail iadude�at�ndaid mortgagC ctnuse. i,endet
<br /> `shaU have the sight w Mtd t1�e poGcies�nd,n,newals.If Lender nquites.Borrowsr stnp prompiy,give w Lender afi tecxip�s of �
<br />. paid p�entiu��reaewai notices.In tLe event of toss,Bot�wer shall give pmmpt isotia tq the iasurance earrier and Lendet:
<br /> � � L,eoder�y maire pmaf af tuss if not nmde P�'ompt[Y b3!Boriower.. � ' ' • ; -- —
<br /> Untess Lender aad Homuwer aherwise agree in writing.iasu:anoe pmceeds shaU 6e applied to restoruion or repair of We �
<br /> Praperty d�ged.if tba reswr�tion or repoir is eoonomically fasi6le and Lender's security is not tessened.If the nstoration or
<br /> � �ptir is not eoommic�Ily feasIble or I,ender's savrity woWd 6e lessenod,=the in.wtanct pcocads siiatl be appliod to the aums
<br /> secured by Wis Security Tm�uaarent, vvh�er or not tlxn due.with any exc�ss paid m Sormwer.�If Bomnwer ab�ndoos tbe . -
<br /> �operty,or does mt am�Cr;vvnhin 30 dAYs a ijotice from I,e�der that the iasuianQe cacriu has of�'ered to sextle a clsim,thdn
<br /> I�ender may collect tht insurance pcoceods. t�ender may use tl�c proceeds to cepair or�estore the Pmperty or m pay su�aq
<br /> , socutrd by this Sxurity.tnsiniment,wi�her ar nat Ehen due.The 3f f�day periad will bcgin when the notice is given. . .
<br /> Unless t.ader eM Boirower o�er�iise agnee in writing, aaY.a�pliCatiou of proaeds:�-}irincipal shall not exter�;�r
<br /> postpoa the due date of tt�t montlily�pay�+eats iefemed to en p�agraphs 1 and 2 or ct�nge ttpes amouirt o€the�aymeti�s:`If ,
<br /> nnder p9ragtapb 21 the Property is acquined by I�etx�er,_$oriowei s rigbt to aay insurana poJicies and ptoceods nsulting�ro�n
<br /> ������'�Y P�or to ttre accg�'s�ition s6ail-p�to�.x�:t�e exteat af tbe sums socuird by t6is Securily Insut�eat
<br /> immediateiypriortotbeacquistdon: �... :� � : � ' ;:,::`:' . � `
<br /> f.Oocup�scy,Presesr'atlon;M�a'sc�snd�CU'ted'w�e o€a�ie'#'ropnt�;�Rorrovre�s Loan Applkadoe;Lwsebo�s. �
<br /> Bomnwer sha11 occupy,establish,aad�1se the Prapa¢y�.Bomow�'spriricipa�a�c�enFe witl�in sixty days a8er the execution of .
<br /> tl�is Securiry Iiutrument and st�ll oonW�ue to occagy t�ht Pioperty as�oriu4ree's principal n�idence for at least oae gear after
<br /> tue date of ocapancy,unless Lender otherwlse agroes in writing:a�tich wnseaf'shall not be unreasonably'.w�eld.E►r unless
<br /> eatsnuadng circumstanegs exist whic6 are 6eyb�d Borrowex's ���al. Bomower shall rat__destroy. damage or impair the �--�--
<br /> Pc�opeKy.allow We Property to cieteriorate.'or oommit waste on t.,�i;Proputy. Borrower shall be in defau2t if any forfeitsue ��;v:
<br /> action or prncpeding.whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of ttx �,�---�__
<br /> . Pmperty or otherwisc materially impair the�ien created by this Security Instcua�ea:-ssr L..Mdcr's securiry inter�st.Boirawer may �"=`-=
<br /> cure such a defauit and reiastate.as provided in paragraph 18.by causing the actiop or proceeding to be dis�a�ed with a niling ��=-
<br /> that. in Lendtr's good.faith detetminadon, preciudes forfeiture of tf�e Borrower's interest in-�,e s�ropeicy�r v�xs �..ti.:�-- W_-=- -
<br /> impairment of tl�e lien crqted by this Security Instrument or Lender's securiry mte�tst.Borruwer shatl aiso be in default if
<br /> Borrower,during the toan application process,gave materially false or insiccurat�infarmadon or statements to I.ender(or failed �T�=�='=
<br /> to provide Lender with any material information)in w�ion witts the loau e4i�'ced by the Note,includ'usg,but not limited -�`�'�--
<br /> to,representations conceming Borrower's axupancy af the Property as a principa�residence.If this Security ffnstrument is on a �.,�__�_�__�'�._-
<br /> leasehold. Boaower shall comply with all �the prov'isions of thc lease. If Bormwer acquires fee tide to the Property. the � ;•�#�=�
<br /> leasehold and the fee tide shall not mergc unless Lender agrees to the merger in writing. 'f';":.,, `.
<br /> 7.Protection ot Lender's Rights in the Property.If Borrower fails to perform the covenants and agreemeais contained in � � a
<br /> this Security Instrument,or there is a tegal proceeding that may signifisanlly affect I.ender's rights in the fi'���perty(such as a ' �
<br /> roceedin in bankro t � [ -°< '..��-�,
<br /> p g p cy.probate.for condemnation ar forfeitune or to enforce laws or regulations).t hen�der may do and , �
<br /> pay for whatever is necessary to protect the value af the Properry and Lender's rights in the Property. L��sr's actions may �:.� ': . . �,
<br /> PaY 8 Y 9 P Y �Y PP� 8 . ��•
<br /> include in an sums secured b a lien which hac riorit over this Securi Instrument. a rin in court, paying ' : R
<br /> nasonable attomeys'fees and entering on the Property to make repairs.Although I.ender may take action under this paragraph . �E�
<br /> 7,I.e n d e r d o e s n o t h a v e t�d o s o. I ' :' ��
<br /> Amr amounts dis�r-ss.d by l,ender under this paragraph 7 shall become�;ditionat debt of Borcoc�au .wc�red by this } .�� '`x"�'
<br /> 5ecurity Lnstrument. Unfess Borrower and L.ender agree ta other term.s of paymeni.these amounts shall bear i;terest from the ' ��
<br /> date of d�c��:sement at the Note rate and shall be payable, with interest. upon notice from Lender to Bosrow•er reques�ing �.
<br /> PaYment. � f' 'RF• '.,.
<br /> 8.Mortgage Insurance.If I.ender required mortgage insurance as a rnnditian of making the laan securo�fi 6y this Securiry � . •-• `:�.
<br /> Instrument. Borrower shall pay the premiums requircd to maintain thc mongage insurance in effect. If, fas�.�y reason. the �,_.,.:`
<br /> mortgage insurarice coverage required by Lender lapses or ceases ta be in effect,Borrower sha11 pay the pre-::ams required to f� :,.��,
<br /> obtain caverage substantialty equivalent to the mortgage insurance previoasiy in effect,at a cost substantially equivaleni t�.the '
<br /> cost'to BoROwer of the martgage insurance previously in effect, from an alternate mortg:�ge imsurer approved by Len�:r. If f � . ' .��.,{',�°=.
<br /> .� substantially equivalent mongage insurance wvera�e is not avaitable.Borrower shall pay to Lender each rac::th a sum equal to - . .. .•
<br /> �.. <��x-tweifth of the yearly mortgage insurance premi�I�ing paid by$orrower wiz�n the insurance coverage i;::��ed or ceased to �
<br /> I�t in effect.lxnder will a�hept,use and retain these�:ri�et�ts as a loss rese�rve in �ieu af mortgage insG:���ce. 1»oss reserve ,
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