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<br /> perk�d�th�t l.ender roquiroa. The Inrunrnx caaie!pavidinR the Inwnnce�11 be ahoWen by&xmwer wb}ect to L.end�rl�
<br /> �pp+av�l whkh sludl not be unne�son�bly withheW. If 8arower fdly to mainain covornso de�crit�d abova.La�der m�y.M
<br /> ,. L.epiMrti aption.obuin oavenre W probcK l.enderY ti�ht�in the Prq�eAy in�ccordiuux wflh�nrnph 7.
<br /> MI G1R4fY1CC�IO�ICICY�fld f�G11QW�I�llI1�II bC�CCCpt��C[O 1.Cndor�u�d xtitll include w Ruu�d�ucf mort�{+��e dw.r.. Lender
<br /> �hal Futve Ibe ti�ht w hold the polkle�u�d rcnew�ls. If l,ender roquirc�,Botrower�hall panptly�{ive to Lendor dl rocelpu
<br /> � of paid prcmtumr u�d rencwd notice�. In tF►e ovent of loc�. Botrower shdl�ive pnxnpt notice w the inwr�xc rurier�nd
<br /> Londer. L.ender m�y m+�ke proof of lacn if nut m�de promply by 8arawer.
<br /> Unk�Lender�nd Borrower whcrwi�e a�roe in wrlt(n�,insunu�ce proceed�ehrll be�ppliod to rnatontbn or tep�ir uf
<br /> theproperty dnme;ed. if the rntcmuion or rcpait is ecrm�►micalty fea+ihle nnd I.etxkr'4�ecatiiy i+ mw ir�,rned. If�hr _..
<br /> rcstcx�tion cx rcpRir i� rat oconamicAlly fex�ible ar Lender�s securlty would be krsenod,the In�curuxe�nxeedr�Ii be
<br /> �pplied w the sums secured by this Serudry lnstrument,wtuther or not thert due. with my eacexs puld tu Elom�wer. If
<br /> Barower abmxfona the Pr+c�+erty,ar dacs not an�wcr wf�hin;�0 days a nwirc from Lcn�ler that the inxurwkr curier hrr
<br /> oflercd to�ettk�cl�im,then Lender mAy collect the insurAnce proceeds, Lender m+►y use the procadr to rep�ir ur re�t�m
<br /> the Property or to pny sums�ecurcd by this Secudry Inswment,whether or not then due. 'The 30�d�y pe�iod will beQin when
<br /> the notice is given.
<br /> - •- Unlex4 Lender and Borrower otherwise ngcre in wdting,nny opplicatlan of proccedr to principal+hull not cxtcnd uc
<br /> postponc the due datc of the manthly paymcntz referted to in ouugraphs 1 and 2 or change the anwnt of the p�yment�. If
<br /> _ under para�r�ph 21 the H�operty is ucquircd by Lender.Borrowerl right to any insurance policiec und pmcecds rcxulting
<br /> from damage ro the Property prior to the acquisition shnll pass to Lender to the extrnt af the sums securcd by thir Security
<br /> Instrument immcdiauly prior to the acqu�sitian.
<br /> 6. Occupancy, Preservadon, Matntenance and ProtecNon of the Property; Borrower'a I.o�a Appik�tlon;
<br /> _ I.e�seholds. Borrower shall occupy,establisb,and use the P�+operty a+l3orrower�principal rezidence within xiXty dayx ufler
<br /> . the execution of this Securiry Instrument und sball continue to occupy the Propeny :�.+Borrowerl principit r�e,�idence for at
<br /> ��_.;�,, � .. least one yeu after the date of occupancy. unlesc I.ender othervvise agrces in writing, which conscnt xhall na he �'
<br /> •�z � unreasonably withheld.or unletis extenuuting circumstances exitit which am beyond Bomowerk cuntral. Bprrc►wcr xhull nw
<br /> ,.-..t:; . .. dcstroy.dam�ge ar impair the Praperry,allow�hc Property to dcteriorate,ar cammit wAStc on tixr Propeny. Borrower.hrll
<br /> •�"�•. � •� ;„ :� be in default if any forfe�tum action or proceeding,whether civil or criminal,is begun that in Lenderl gcxxi faith judgment
<br /> ''+'`"'�' cauld result in forfeiturc of the Pro rt or othccwise muteriall im ir thc lien crcated b this Sccurit Instrwnrnt or --
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<br /> ,i�;f,. ...., .. Lender`s security interest. Borr�wer may cure such a default and reinstate,as provided in parabraph 1R,by causing the uction
<br /> �•�' �� .�:.' o�proceeding to be dismissed with u culing thAt,in Lender's good faith determination,pr+ecludex forfeiture af the Born►wer� --
<br /> �''""�'�i��`'� inrercst in the Property or other material impairtnent of the lien created by this Security lnstrument or Lender:xrurity �
<br /> '`�`'�-;• � . ._ interest. Borrower shall also be in drfault if Borrower, during the loan upplicution procexs, gave muteriully fulse or
<br /> � }��K�; �y,,,f,��,,y! inaccurate information or stutements to Lender(or fuiled to provide Lender with any matrrial infamation)in conreecticx�with
<br /> � , the loan evideneed by the IVote, ineluding, but not limited to. mpresentations conceming Borrower's a:cupunry of the
<br /> ���-• Property ae a princip�l re+idence. !f this Securiry Instrument is on u leaxxhold,Bormwer shall ccxnply with ull tbe pmvision. _
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<br /> ;,,�,,��:w.�..:x " of the lease. If Borrower acquireti fee tiNc to the Property,the lensehold and the fce title�hall not mergc unlerti Lendcr ogrcc.r
<br /> _ —�"-- ;, ta the merger in writing.
<br /> • . 7. Protection of Lender•s Rights in the Property. If Borrowcr fail, to perfortn thc covenams :►nd usn�cments
<br /> • � , contained in thiti Securiry Instniment,or therc is a Iegal proceeding that muy tiignificuntly affect L�nder: righis in the —
<br /> .• Property(such as a proceeding in bankruptcy,prohate,t'or condemnation or fortoiture or tu enforce laws or regulatinn+),�hen �
<br /> Lendcr may do and pay for whatevcr is necestiary to pratcct the valuc of thc Prc�x:ny und Lender+right+ in thr Pm�x:rty.
<br /> , Lender's actions may include paying any xums securt:d by a lien whirh hu�priuriry i►�•rr thi.Security In+trumcnt,ap{xuring --
<br /> � � � in ccwrt,paying rcnzonuble attomeys'fees and r,ntrring on the F'roperty to make rcp•rir+. Alth�wgh Lrnder may tuke ucticx� --
<br /> � under this paragraph 7,Lender daeti nc►t havc to do sn.
<br /> �"- Any amountti disbursed by Lender under this p.►ragraph 7 ,hall txe:umc udJitiix�al drM of RorrciWer xecumJ by thi. ��.
<br /> -'�' Serurity M�tniment. Unle��B�rr�ia��•r,md Lrncir�ugrcr to other t�nm of paymrnt,th�tie umounn shrll tx•rr interc`t frnm the �-
<br /> � date of dixbunement at the Note ratr and shull ix payuhle, with imerc.t, u�m noticc f���m Lender to Borrower nnyucxting �•_
<br /> �P. �. payment. _
<br /> ,r. 8. MortRage InsurAnce. If LcnJer rcyuircd mortgagc inwrc�ncc:is u conditiun of makin�, thc lo•rn tirrurcd by this `�
<br /> � • Security Imtrument,Borrower ,h:►II pay the premiumti nquircd tc�maintain thr mortga�.intiur:uuc in effict. 1(, ti�r uny �•
<br /> : ' " rcation, the monguge in+urancc covera�r rcyaircd by Lender tap.c, or rra.r,tu Ik in ettrct, Iiorn�wrr �hall pay thr --
<br /> rcminms re uircd to obtain covrru � ,ub.tantiaU c uivalcnt to thr mon�.��� imurunrr r��iuu.l m rtfitit. at a ra�t �'
<br /> P 9 F' Y 9 b'L�' P '� Y .
<br /> subxtantially cyuivalcnt ro thc ru,t tc�Burmwrr uf thr mort�age insuranrr prrviou�ly in effrrt,frum:m altem•rtr mortgagc '�'
<br /> insurcr approved by Lend�r. If wb.tantially eyuivalcnt martgagr in.utanrr covcragr is nut availahle.Burruwrr .hull pay to � -
<br /> Lender each month u sum ryuul to onc-twelRh of the ycarly monga�.r in+urancc prrmium Ixing paid by Burr�iwcr w•hrn the `
<br /> . •- insurunre coveragc lap,cd orrra+cd to Ix in rftcct. l.�mkr will urrcpt.u,c and retain thr,c paynunt.a,a lu..re,rrve in li�u � �
<br /> • of mortgagc insurrncc. Lo�.rc�rrvc paymrnt�nmy no lun�rr Fx rcyuirrd.at thr uption ut'Lrndcr.it monga�r in.urunrc Z
<br /> � ._ covcraFc(in�he amount•rnJ li�r thr Exricxl that Lcndcr rcyuirc�)proviJcd hy:in in.urcr approvrd h��I.rndrr aguin Ixramr, r
<br /> . . uvailable anJ is obwincJ.BoROwer shalt pay the prctnium+rryuircd tu muintain mortg:i�c imarance in rffert.ur to prnvide a
<br /> , losy rexervc,until thc rcyuirement ti�r mongage insuranrc end.in arcorJuncc with:►ny wriucn agrcrmcnt hctw�rn Bor�owcr
<br /> - s�nd Lender cx applicuble law.
<br /> 9. Inspection. Lendcr ur it�ugcnt m:►y make rc:nonuMc rntrie,upon and in,�xrtiom of the Pro�xny. LrnJrr.hall
<br /> - • ; Five Borrower notice at thr timc oT or prior to.m in,Fxcti�m ti�xrifying rea.�,n:�hlr rau,r ti,r thr in,Exrtiun.
<br /> ' ;.' j • 10. Condemnwtion. Thr pr�xrrd+of any aaard ur rlaim li,r Jam;�gr�.dirrct�n r�,n.cyurwial.in connrrtiun with an).
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