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<br /> 94-� Q �
<br /> paiodi that Lender requfc�. '[l�e insurarke curicr provldin�thc insurmce ahall be chosed by Bomower su oZ.endcrk _
<br /> appov�l whkh�Il riot be unroa�on�bly withheld. If Barower faiie 3o m�intain coveragc descdbed above,Lender mny,u
<br /> l�ndery option.obain covera�e to p[atect La�te�S�riaha ln the Property in�ccad�nce with pur�g�xph 7.
<br /> All fnsurance palicier u�d renewd��tull be wx.epl�ble to Lender�nd shall lnclude a standud mort�a�e c1�►u�e. Lender
<br /> - �hal!tu�ve the ri�ht to hoW the�wlkiei�ud rCnewals. If 1.ender rcquirca,Borrower shall promptly glve w l.ender dl rertipts
<br /> of p�id prcmiums and Knowal noNce�. In the event of loss,Sarower�tull�ive prompt notice to the lnswance curier ru�d
<br /> Le�ider. l.endcr msy m�ico proof af lauc if not m�de promptly by Bomnwer.
<br /> Unlesa l.�rukr And Borrower otherwlsc agrec in writirtg.insur�nce proceeds shs11 be epplied to reator�tion a nepair of
<br /> — - --- — the!'ruperty dam��ed, if the rcstoration or repuir is eca�auie�lly feASible and Le�dere cr.curity is n�t Iesse:ned. if tlx: R•-
<br /> rertorAtion or nepRir i:not acanomic�lly feasibk or Lender'a secudty would be IeYSened.the insurance proceeds shall be
<br /> �pplied to tix sums secured by thfs Secur�ty Insuument, whether or not then due, with any excess patd to Bortower. If
<br /> Borrower abendons the Property.or does not answer within 30 duys a notice from Lender that th.-, insur�nce cartier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds. Lender may use the proceeds to npair or restoro
<br /> -- the Property or to ps�y sums secured by this Security Instcument.whc�hcr or not then due. '[l�e 30-day period wUi begtn when
<br /> the notice is given.
<br /> `_` �y� � Unless Lende�and Horrower othecwise agree in writ�ng,any applicatlon of proceeds to princiJ+ai s�hull nut extend or
<br /> postponc the duc date of the monthly paymena rcferccd ro in paragraphs 1 and 2 or chunge the sunount of the payments. If
<br /> under paragraph 21 the Property is acguired by Lender,Borrower�s right to any insurance policies and proceeds nsulting
<br /> from damage to the Property prlor to th�acquisition shall pass to l.ender to the exunt of the sums secured by this Socurity
<br /> Instrument immediately pr�or to the acqutsitton.
<br /> 6. Oocup�ncy, Preservation, MAintepAnce pnd Protection ot the Propeny; Borrower's Loan Application;
<br /> I.easeholda Borrower shall occupy.estAbllsh,and use�the Property as Borrower:s pdncipal residence within sixty days after
<br /> the oxecution�f this Security Inswment and shall continue to accupy the PropeAy as Borrower's principal residence for at
<br /> _ least one year after the date of accupancy, unlass Lender othenvfse ugrees in writing, which consent shall not be
<br /> - unrcasonably withheld,or unless extenuating eircumstances exist which are beyond Bormwer�s conuol. Borrower shull not
<br /> destroy,damage or impair the Property,allow the Property to deterioratc,or commit waste on the PropeRy. Borrowcr shAll
<br /> be In default if any forfciture action or proccedin�,whether civil or criminal,is begun that in Lendery good fuith judgment
<br /> could result in forfciture of thc Progcrty or otherwise mater�ally impuir thc lien cres�ted by this Security Instrument or
<br /> ^ :�.� ;. Lender?�security iuterest. Bormwer may cure such n default und reinstate,as provided in paragraph 18,by causi�g the action
<br /> . or proceeding to be dismissed with a ruling that,in Lenderl good faith determinution,precludes forfeiture of the Borrower's
<br /> � intere�t in the Property or other materiul jmpuirment of the lien created by this Security Instrument or Lender's security
<br /> �'��� interest. Borcower rhull also be in defuutt if Rorrower, dusing the loan upplicntion process, gave materially fulse or
<br /> v,�f�:t.�^ inaccurate information or statemen�s to Lender(or faifed to provide Lender with any muterial informntion>in connertion with
<br /> : .,r+•`'`` ::i , '. the loan evidenced by the Note, including. but not timited to, representutions concerning Bonower+ cxcupancy of the
<br /> i'=' '•�~,'���` " PropeRy us u principal residence. lf this Security Instrument is on u Ieasehold,Borrower shull comply with all the provisions
<br /> '' y af thc Icase. If 8osroi:er acquires feL title to the Psogerty,the leasthold t�nd ihe fPP tit1P vhell tx�t mPr£c anle�.c I.encler neree�
<br /> •. " to the mer�er in writing.
<br /> • � 7. Protection of l.ender's Rights in the Property. If Borrower fuils to perform the covenunts und agreements
<br /> • contained in this Security Instrument, ar there is a legul proceeding thut muy signific:uiNy uffect Lender's rights in the
<br /> . '• � Property(such v�a procecding in bankruptcy,prob�ae,for condemnation or forfeitun or to enforce laws or►egulutionx),then
<br /> - � •� Lendcr may do and puy far whatcver is necesxury to pmtect the vuluc�>f thc Piroperty und Lcndcr's righls in the Propeny.
<br /> . � Lender's actions may inrludc puyin�any sum.secumd by u licn which has priority over thiti Sccurity Instrument,appcaring
<br /> in court, paying rcasanahlc uttornryx'fces und entcring on the Propeny to mnkc repuirs.Although Lender may tukc uction
<br /> -� under thiti paragraph 7,Lendcr da�s not havc t��do zo.
<br /> Any umounts disbuned by Lrndrr under this paragruph 7 shaill Ix�comc addition:i!debt of Bi�rrower ucured by this
<br /> Security Intitrument. Unles�Borrowcr und Lender ugrcc to uthrr t�rnu of payment,thc�c amountti xhull lkar interest from the
<br /> - ' date of dishursemenc ut the Note rate und zhull bc payrble, with interest,upcm notice from Lender to Borrower reyuexting
<br /> ,f:• : . p�yment. .
<br /> .. ' 8. Mortgu�e lnsurunce. iF Lendcr reyuired mortgugc insurcuur as u condition of m:�king the loun serurcd by this
<br /> Security Insirunxnt, Borrower shall pay ihc prcmium�nyuirrJ to maintuin thc mc�rtgugc in�urance in rffect. If, for any
<br /> rca�on, thc mongage insur.mrr r��vcrage rcyuirrJ by Lcndcr l.►p.r, ur cca.eti to Ix in effrrt, �ionowcr tihull puy the -_
<br /> � � • prcmiums requircd to ohtain covrragr tiuhtitantiully cyuivt�lent tu the mortgage in�u�•ance preriuu.ly in rffect, at u cu�t __
<br /> � tiubstantiully cyuivalcnt to the cotit tu Banuwcr of thc murtgugr imurainre previ��usly in cftect,from an altematc mortgage
<br /> ' . insumr uppruved by Lendrr. If sub.tantially cyuivalcnt murtgugc in,urance cuvcragc i,not uvailablr,Borrowcr+hull pay to -
<br /> I.endcr cuch month u�um eyuul to oik-twrlf�h ot'thr yearly murtgagr imurancc pmmium brin�,paiJ by Borcower whcn thc �` `
<br /> . intiuranre cover•rgr l:�p,rd or rratied to Ix in�:ffcrt. LenJer wiU arcept.u,e and rrt.�in thrse p:rymcnt�a.u lo,.rc�crve in liru �-°
<br /> • of mortgage insurancr.. Lcn,rc�crve rayments muy no longer he rcyuimd, ut thr��pti�m�►f Lrndrr, if mort�uge insurance
<br /> � , • covcragc(in thc umount und f'or thr �xri�xl that Lendrr rcquirc�)pravided by cm in,urcr appruvrJ by LenJcr a�;uin lxc�mes ��
<br /> � uvuilublc und i�abtaincd.Borrowrr�.ha11 p�y thc prcmium+nyuirrd to muintain m��rt�agc inxuruncc in rftect,or to prcrvidc a ,
<br /> ' loss TCSCrvC,until thc myuirrment fcir mortg.�ge insurunce end�in arcordunrr with any writtrn agrcemrnt hctwcrn Borrower .,
<br /> `•'" ' � and Lender or i+pplicuhl�luw.
<br /> • • 9. Inspectiun. LrnJcr or its ugrnt�nuy makc rcaron:►blr rntrir,u�xm and im�ctiony of thc Proprny. Lcndrr tihnll �•
<br /> give Burrowcr nl�ticc at thc timc of urprior to:m impcction.{xcifying ma,onxhlr r.wtic for thr in��xctiun. �
<br /> .',., , � . 10. CondemnAtion. Thr pnxeed�ot'any aw�nrd or claim fi�r d:imuEe,.dir�rt ur runtiryurntial.in rcmnection w•ith any ±
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