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<br /> perlods tFiat Lender requit+w. 71�e inwru�ce curkr providina the iasuru�ce shdl bo cho�en by Aorru+ver wbject w Lenderti
<br /> approval which Rh�ll not be unre�ambly wfthheld. If Barower fails to malnudn coven�e described Nbove.La�der nuy.at
<br /> ' Lender'x option.abWn covera�s t�protect Lendrrk d�ht�fn the f'roperty in�ccond�nce wjth pan�r+ph�• e cl�ure. I.endcr
<br /> A16insuranc:e palicies�nd anewdx xhall be ecce��ble to Lendtr and�h�ll include R st�nd�trd imo�rt�o I�.ender all rocei
<br /> - :h�ll have the riaht ro hold the policies uuf rcnewRle. f Lender royuirc�,Borrower shAll promp�y 8 iK"
<br /> of p�id premiums�nd renewal nntices. In the event of lorn.Bcxrower shall�ive prompt notke to the Luurance c+rrkr�nd
<br /> =����� Lender. Lender mey maka Pmof of IocA if nut m+ide prompdy bY Barower.
<br /> '� Unless Lender w�d Barower otherwixc r�ree in writing,insurance proceeds ahall be applieal tu iesta•�►tian or rcpair of
<br /> -*� the Property damaged. if the rcstorAtion ar rcpnir is ecanomically feasible and Lenderk tiecudty is not Icssened. If the
<br /> s, restoration or repair is not economically fea.cibte or l.ende.r4 security would be Ieruned,the insuronce pmceedc shnll be
<br /> - applied to thc sums secured by this Secudty lnstrument,w h et hcr ar n o t t he n d u e, w i t h a n y excess p aid to Borrower. !f
<br /> ______ _,�,.t„�,� Borrower abandons the PropeRy. or dac not answer within 30 days a notice from Lender that the insurance cwTier h�x
<br /> __ �;-,-.;,,�,J� offered to xtt�e u claim,then I.ender may collect the inxurance procceds. Lender may use the Prncadn�WRi i�r�O'n W��n
<br /> a --__-�_�?_�;�;� the Property or ro pay sums xecured by thiY Security Instrument,whether or not then due. The 3U-day pe' B
<br /> " the notice is given.
<br /> -- =�'��=�':�� Unless Lcnder and Borrower othenvise agrec in w�ti�g,uny applicatian of praceeds to principal shall not extend or
<br /> - -;�:���., postpone the due date of the monthly payments refemed to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> � �I�i" ''� '� under paragrnph 21 the Property is acqutred by Lander,Borrower� right to any insurance policies and proceeds rrsuldng
<br /> .,,�„_, • � from damage to the Properiy p�ior to the acquisitton shall}�ass to Lender to the extent of the sums secured by this Security
<br /> - --- � Insuument immediately prior to thc acqui.r•ition.
<br /> � ��p;��:��±?,� .;, 6. Occupancy. P�eservati�►n, Mpintenance and Protectton ot the Property: Borrower's LoAn Appficatlon;
<br /> •• - • � . Leaseholda. BoRUwer.hutl occupy,estabtish,and use the Property us Borrower+principul residence within sixty days after
<br /> :,,�,:�. -. � the execution of this Security ln�trument and shail continue to occupy the Property ac Borrower's•principul�+esidence for ut
<br /> '' . least one year after the date of accupancy. unless I.ender otherwise ngrees in writing, which consent shall not be
<br /> � unreasonably withheld,or unless extenuating circumstancec exist whirh am beyand Borrower's control. Borrower shall not
<br /> � . . . . . .�. , destroy,damage or impuir thc Property,ullow the Property to deteriorate,or cammit watite on thc Ptoperty. Borrowcr shull
<br /> ' ti.,+• .� be in default if uny forfeiture uction or praceeding,whether civil or criminal,is begun thut in L.ender!s good faith judgment
<br /> ` could result in forfeiture of tha Praperty or othenvise muterially impair the lien created by this Security Instniment or
<br /> '. Lender's security interext. Borrower may cure such a default und reinstate,u,provided in paragruph I8.by cuusing the action
<br /> or proceeding to bc dismissed with a ruling that,in Lcndcr s good faith detemiination.precludes forfeiture of the Borrowcr's
<br /> : _ � interest in the Property or athcr materiul impairment of the lien creatcd by this Security Instrumcnt or Lender's security
<br /> intemst. Borrowcr shall also be in default if BoROwer, during the loan application process, gavc materiully false or
<br /> inaccurnte informution or statements to Lender(or fuiled to provide Lender with any material information)in connection with
<br /> the loan evidenced by the Note, including, but nat limited to, rcpresentations conceming Burrower's occupancy of the
<br /> ---�`-- �- Property as a principat ms�dence. If this Securicy tnstrumeni i.u��u taa.�:hotd,Sorrouer sha!!comply with all the�,rovicionc .
<br /> . of tha leatie. If Borrowcr•rcquires fcc title to thc Propeny,the leasehold und the fcc titic tihall not merge unless Lender ugrees
<br /> to the merger in writing.
<br /> . 7. Protection of Lender'.s Ri�;h45 in the Property. If Borrowcr failx to perform the covenunts and ngreements
<br /> comained in this Security Instrument,or there is a lcgal pmcecding that muy significantly affect Lender's rights in the
<br /> ° Property tsuch as u pnxeeding in bankruptcy,pmbate,tbr conJe►nnation or furfenure or to enforce laws or rcgulutionti),then
<br /> Lender muy do und pay fur whutevcr is necr„ury to pmtcct the value of the Property and Lender's rights in the Property.
<br /> Lender's actions muy incluJe paying uny sum.�ecureJ by a lien which hu,priority over thit Securiry Instniment,appeuring
<br /> . in court,paying reu�onahlc uttomryx'fec.;�nd cntcring on the Pirop�:ny to muke repairs. Although Lender mny tulce action —.
<br /> 3. under[htti paragraph 7,Lcndcr d�xs m�t huvr to du s��. —
<br /> - Any amount� di�hur�rd h}' Lrndrr under thi��:+ra,�rarh 7 .h:dl txc��me additional deM of Borrower secured by this
<br /> j� Srcurity In�trumcnt. Unlr.�Borruwcr and Lcndcr agrrc to uth�r tcm�+of puymcnt,thrsc amuunt�shall lxur intcrest f�om thc _
<br /> datc of disburu:mcnt at thr Notr ratc and,hall tx payablc,with intcmtit,upon noticc fram Lendcr to Bormwer myuezting �•
<br /> � � . paymrnt.
<br /> 8. Mc�rtRn�e Imurance. IT Lender rcyuireJ murtga�,r in+urunce�s a ronditiun of m:iking the loun secured by this
<br /> � � Srcurity In+trument, Borcowrr�hall pay the prcmiumti rcyuircd to maintuin thr murtguge imurance in effect. If, for any _..
<br /> rea,on. thr murtgage in,urance covrr.igr rcquimd hy Lrnder lap,c� or rea+c� to lx i� effect. Borcower shall pay the _
<br /> prcmium, rcyuirrd t�� ohtain covcrage tiubtitantiully rquivalent tu the murt@age insur.ince pn�viously in effect, nt a cost
<br /> ' .ubstantially cyuivalrnt to the rutit to Borrow•rr i�f thc nu�rtgagr in+uranre previou+ly in efCcct. from un alternate mortgage
<br /> inxurer approved fiy Lendrr. If�ub.tuntially ryuivalrnt murt�agr imuracnc ruvcragc is not uvailable,Bor�ower tihall pay to
<br /> , Lrndcr earh munth a�wn cyual to onc-twrlfth uf thc ycarly martgagr imurancc premium lxing paiJ by Borcower whcn thr
<br /> ittmurunrr coverage lapud��r cra.eJ to tk in effrrt. Lcndrr a ill accrpt.u,r and r�tam the,e paymcnt�u+a losti rcserve in lieu
<br /> • �f m��rtgagc in�uran:c. l.otiz re��en•c payment�may rn�langrr Fx rryuirrd,:it the optiun of Lender, if morttiaFe imurance �
<br /> cuvrragr(in thr amuunt und fiir thc Exn�xl thut l.rndrr reyuire.l providrd hy:�n in+urcr uppruvrd by Lcnder uguin beromex
<br /> availahlc and iti�ihtain�d. Durn�wrr+hall p.+y the prcmium,mquircd tu muintain murt�agc inwranre m effert.or to pmvide a
<br /> tos,rc,crvc.until thc rryuircmrnt tiir mungn�.r in,uranrc rnd.in accurdanre�vith any wnttrn ugrcemcnt betwecn Bormwer
<br /> � , nnd Lendrr or applirahlr I:tw, _
<br /> . 9. Inspection. LcnJrr ur it.ugcnt may ma{,r rc:n�,nahlr rntric, upun and in,�xction,uf thc Pruperiy. Lendcr�hall _..
<br /> givc Burniwcr nutirc at thr timc uf ur pri��r tu an im�xction,�xrit�ying rcawnahlc raux ti�r thr im�xction.
<br /> � � 10. Cundemnution. The pnxeeJ+u(any :�H:inl ur cL•�im Ii�r�t:unagrw dircrt��r ron+eyu�:ntial.in connection with uny --
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<br /> ,7�. �.R.e L�tn+ltu��M+a F�mn.Inr■ [�.
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