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<br /> perlod�11iat Lender roqufroi. Tha inwu�t�oe c�rtier provldln�the ituur+�nx rball bo chaat by Aorrowec�ubjxt to Lenderti
<br /> �qxov�l whlch slWl not be unreaROnsbly withhekl. IP Barowu fdls w msintaln coven�dacdbed�bove.I.e,�der may,+�t
<br /> L.«�der1�opti.xi.obt�in oovern�e to protxt LenckrSt ri�Ms!n the�irty in iecad+r�ce wlth p�n�r�pA 7.
<br /> ' All insur�nce polick��nd ret�ew�i�slWl be�oceptable ta ud sludl include a sw�dard mortQ�ge claute. l.endar
<br /> ehdl hRVe the right to hoW the policie��nd rcnew�ls. If Lenier requires,Bortowu sh�ll promptly�ive to Londer�II receipts
<br /> of prid praniuma uid cenewal noticer. In the event of las,Aomower sluill Qive prompt notke w t1k inwru�ce c�rtier�r.d
<br /> La�der. Lender tn�y make proof'of los�if not mwde promptty by Barcower.
<br /> , --��..__� Unksr Lender�nd Barower dhecwise agroe in wriUng,insur+�n�e procada sh�ll be applied to rcstaatian or cepnir of
<br /> the Propeny d�maged, lf the rcctoration or repair ir economically feuiblt and Ixnder�s �curity ia na lessened. If the
<br /> rcatorntion or rcpair is not economkally feasible or l.enderl�exurity would bc leuened, the insurancc proctals aha►11 be
<br /> - applied ro the sums securcd by this Secudty Instrume�tt,whether or not then due. with�ny excess paid to Borrower. If
<br /> Barower abandons the F'i+opcny,or does not answer within 30 days a notice from Lender that the insurance curier has
<br /> - -- offeoed ta settk a claim,then Lsnder may coltect the insuronce peoceods. Lender may use the proceeds to rcpair or restoro
<br /> the Property or to pay sums�cecurod by this Security Inurument,whetheror�ot then due. 71�e 30�ay periad wilt be�tn whrn
<br /> __�_ _______ the notice is given.
<br /> Unless Lender and Borrawcr othernisc ogree in writing,any application of procads to principal shall not extend or
<br /> postponc thc due date of the monthly payments referred to In pu�agraphs I and 2 or change the amcwnt of the paymcnts. If
<br /> under parngraph 21 the Property is ucquired by Lender.Borrower's right to any insurance policles and proceeds resulting
<br /> — from dam�ge to the Propecty prior to the acquisition shall pass to Lender to the extent of the sums secund by this Sxudty
<br /> — �� Instrument immediately prior to the acquisition.
<br /> -_ --��� 6. Occu{wncy� Preservation, Mwintea�nce and Protectlon ot the Propeny; Borrower's I.oan Application;
<br /> I.eAaeholds. Borrower shull occupy.establish.and use ttu Property as Borrower's principal residence within sixty days after
<br /> - ;; the exccutian of this Sccurity Instrument�nd shall wntinue to occupy the Property as Bo�rower's principxl resictence for at
<br /> �� least one ear ufter the dute of accupuncy. unless Lender otherwise agrees in writing, which consent shall not be
<br /> . Y
<br /> �" unrcasonAbl withheld ar unless extenuatin circumstances exist which u�e boyond Borrower�s control. Borrower shull not
<br /> �" r' '� " "� �• destroy,damagc or Impuir the Property,allow thc Property to deterioratc,or commit waste on the Property. Borrower shall
<br /> :ytt-':�';;��:••�'� be in defeult if any forfetture uction or praceeding,whether civil or criminal,is begun that in Lender's good faith judgment
<br /> . • �K''ra could result in forfeiture of the Pruperry or othenvise materially impair the lien cm,r+ted by this Security Instniment ar
<br /> '�"� a,� ..;ti...;: .;,+��:� .
<br /> ,,...�,,,A.,,. Lender s security interest. Borrower may cure such a default and reinstute,as provided in pstrragraph l ii.by causing the;►ction
<br /> :�.,�„ a
<br /> ,��„•,•~ �•' �'±; or proceeding to be dismissed with a tuling thut,in Lender's gaod faith detetmination,pr+ecludes forfeiturc of thc Borrower's
<br /> ��;';;.�t;,;ti. �.="'� '��•� intcrcst in thc Property or other materiul impairment of the lien creaud by this Secodty Insuument or I.ender�s secuaty
<br /> , ���� ;,,� . ,.,�t interest. Borcower shall also be in deflult if Borrower, during the loan appltcation process. gave materially false or
<br /> '� .: ,• , intxcurnte informution or statements to Lender(or fuiled to provida Lender with any material information)in connection with
<br /> ± the loan evideneed by the Nate. includin�, but not limited co. representations concerning Borrower?s occupancy of the
<br /> �_ >�� � " Pruperty�.s a principul residence. If this Secu�ry Instrumer�t is on a leauhold,BoROwer shall comply with uil the provisions
<br /> ...�� � . . .. _
<br /> •'f '-. . .�- ;„r.. .n Oi ihC lC0.SC. lI tfOffOWff 8C(�UIfCS iC@ 11t16 lU If1C 1'ft1NC[ty.ttto lea�eiiuiu aiu u�e icc iiiic aoru uvi u�c�gc u�u�,�aw:.■ue..:g.:.:.o
<br /> ta the merger in writing.
<br /> ; �. Protection ot l.ender's Rights tn the Property. If 8orrowcr fails to perform the cavenAnts and ugrcements
<br /> , � contained in thi� Security Instrument, or there is a legul proceedin�that may signi�cantly affect Lenders rights in the
<br /> .. Property(such us a proceeding in hankruptcy.probate,for candemnation or forfeiturc or to enforce luws ar regulatfons),then
<br /> i , Lender may do and pay for whntever is necessury to protect the value of the Proper►y and LenderE righ�ti in the}'roperty.
<br /> � Lenderk uctions may include paying any sums secured by a lien which hati prioriry over this Security Instn�ment,appearing
<br /> in court,paying reasonuble uttomeys'feeti und entering on the Property to mnke repairs.Although Lendec muy tnke uction
<br /> � �' under this paragraph 7.Lcnder dcxr not huvc to do�a.
<br /> �,F '� � Any amounts disburxed by Lender under this parugraph 7 shall become udditional debt of Borrower tiecured by this
<br /> ,.� „ Security instrumcnt. Unlexs Bomowcr:►nd Lendcr ugmc to othcr terms of puymcnt,thetic umountti shull bear intcrcst from thc
<br /> � datc of disbunement ut thc Note rute und xhull be payublc, with imerru, upon noticc f'ram Lender to Borrower reyucsting
<br />' pnymcnt.
<br /> � S. Mortgage Insurance. If Lcndrr rcyuired mortgagc imurunce us u condition of muking the loan secured by this
<br /> Security In.trument, Borcowcr�hall pay the premiumx rcyuired to maintuin thc martgugc in+urance in effect. If,for uny
<br /> reuson, the mortguge insuruncc covcr•rgr rryuircd by l.endcr lupxcs or ccatie. to lx in cffcct, Borrower shall pay the
<br /> , prentiums r�yuired to obtain coveruge subrtantiully cyuivalcnt t� thr mortgage insurance previously in effect, at u cost
<br /> , subtitantiully cyuivalent to the cotit to Borrowcr uf the mortgugc imur•rik� prcviously in effect,from nn alternate mortgage
<br /> Insurer approved by Lcnder. If sub�tantially cyuivalcnt mortgugc insuranre covcragr is nnt uvailuble.Borrowcr shull pay to
<br /> � Lendcr euch munth a sum cyual to onc-twclfth of'thc ycady mort�age insuruncc prcmium being paid by Bartower when the
<br /> . � insur.mcc coverugc IapxeJ or reuxd tn lx in effect. LenJer will urcept,u,e and rctuin the�e payments a�u losx reserve in lieu
<br /> " " of mortgugc insurancc. Lutis reservc payments may no longcr tx myuimd,at the option of Lender, if mortgugc insurrncc
<br /> ��. � . coverage(in the umount and tiir thc perial th•rt Lcndcr rcyuin+) provi�kd hy un in,urer upprovcd by Lendcr aguin lxcomes
<br /> �:- •. 3� uvuil•rble and is ubtainrd.Borruwcr shall pay tNe prcmium+reyuired tc�mainwin muctguge in.urancc m efiect,or to provide a
<br /> • ;,�-- loss reservr,until the�eyuirrment fcir mortg;�gc in.uruncc ends in accordance with any writtcn agrermeni between Borrower
<br /> • �, •• smd Lendcr c�r applicnblc luw.
<br /> `E �,� 9. Inspection. Lcnder or its ugcnt may mukr rcu�unablc rntric.u�on smJ inspcction.uf thc Pruperty. Lendrr shall
<br /> � givc Borrowcr noticc at thc timr of or pric►r to an in+Fxrtiim specit'yin� rcationablc cau,c for thc ins�xction.
<br /> _ ; '� 10. Condemnption. The pnxcrdti uf•rny award or claim tiir durnag�+,dircct or comcyuential,in ronnection with uny
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