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<br /> periods th�t Lender roquircr. The inrurance curier pmvidin�the inwrana�full be chosen by Barower aubjext to Lenderh
<br /> � qsproval which ahalt not be wu�e�san�bly withhetd. If Sorn�wer f�ila ta mnint�in caverage describod�bave.l.ender may.�t
<br /> l.er�derk apian,obtNin covern�e w protect Len�ierl�ri�htr In the Property in�cconduice wuh}xr+�r+ph 7.
<br /> All inRUar�ca pol�ks�nd renew�►Ia rh�it be acceptabk to l.en�er and st�all Include a u�ndard martga�e cl�use. L.ender
<br /> �hall tu�ve the ri�ht to hold the policie��nd rcnew�l�. If Lend�er roquices,Borcower shs►II promptly�ive to Lender ail receipt�
<br /> of wid prcmiumr uid rcnnw�l�wticer. In the event of loss, Barower Ahnll aive promPt notice to the inwuance c�rier u�d
<br /> I.�»der. Lender may m�ke proof of IasR if not madr promply by Horrower.
<br /> Unle�Lerxkr w�d Borrowcr otherwise agroe in wciNnY.Inxur�ncc procads�hsll be�tpplied to rc�tontion or rcpair of
<br /> -'� � the Propetty d�m��ed, if the rcstarrtion or repnir ia economicalty feasible �nd Lender's security is nut lexxe��l. If the
<br /> astonttion or rcp�ir i�not xonornicAlly feaxible or Lender?c secu�ity would be lecsened,the insurance proccecis shall be
<br /> �pplied to the sumY sKCUrcd by this� Secur�ty Instrument.whether ar na then due, with any �xcecx paid ta Hoaower. If
<br /> Bortuwer Abw�dons the Ps+operty.or does noi answcc within 30 days a natice from Lender that thc insurAnce cazrler has
<br /> offered to senle a claim,then Lender may collect the insurance pcnceeds. Lender may use the proceeds ro re r or r+estore
<br /> the Prnperry or to pay suma socured by this Securlty Inst�ument,whether or nat then due. The 30�day period w!I beyin when
<br /> ___ the noticc is given.
<br /> Unless Lender und Borrower othetwixe agree in wrlting,any applicution of proceeds to pdncipal shall not extend or
<br /> postpone the due dute of the monthly payments rcfomed to in �agruphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is ecquircd by Lender. Borrowert r�ght to any insurance polieies and procads resutting
<br /> from damege to the Property prior to the acquisftic►n shall puss to Lender to the extc�t of the sums secured by this Security
<br /> Insuument immediately prioc to the�cquisition.
<br /> 6. Occupancy. PreservAtion, MAintenAnce nnd Protecdon of the Property; Borrower'c [.oan AppUcsition;
<br /> -- I.eaceholds. Borrower shAll accupy.estublish,und use the PropeRy ar Borrower!�pdncipttl rcsidence within sixty days after
<br /> ��:� the exeeutian of this Sceucity lnstrument und shall continue to occupy ihe Property as Borrowerx principal r�esidence for at
<br /> ' least one year after the dute of occupuncy, unlesx Lender otharwi.r•e ugrces in writing, which consent shall not be
<br /> � unrea�onably withheld,or unless extenuating circumxtances exist whtch:u+c bcyond Borrowcr's cantrol. Borrower shall not
<br /> destroy,damage or impuir the Property,Allow thr Property t�deteriorute,or commit waste on thc Property. Borrowcr shaU
<br /> be in default if any forfeitum action or praceeding,whether civil or criminnl,is begun that in Lendert good faith judgment
<br /> � could �esult in forFelturc of the Property or otherwise materially impair the lien created by this Security Instrument or
<br /> Lendcr's•sccurity interest. Borrowcr may cure such u defuult und rein.r•tatc,as providcd in parugruph I R,by causing the action
<br /> or praceeding to be dismixsed with a ruling that,in L.ender's gaod faith determination,precludes forfeiture of the Borrower?s
<br /> interest in the Properly or ather mote�iul impairment nf the lien crcuted by this Security Instrument or Lender�security
<br /> interest. BorTOwer shall alxo be in dcfuult if Borrower, during thc loun upplication praesti, guve materially falsc or
<br /> - inuccurute information or ztatements to Lender(or failed to provide Lender with any m:�teriul infortnation)in connection with
<br /> the loan evidenced by ihe Note, including, but not limitcd to, rcpresentations conceming Borrower's• accupancy of the
<br /> Property as u principal reyidence. if this Security Instrument is on u Ieusehold,Borrower shull comply with ull thz provisions
<br /> f ;�;.,;k;:.,;:�,� , of che iease, if$orrower ucyuire�iec tiiic tv ii�r Fru�tiy,ti�c icu,eiiuiJ anJ the fee titie shall nat mcr�e uaScss l,cndcr agrcc� _
<br /> �`�;..�:^�:•�;�• to the mergcr in writing.
<br /> '"�''',' '" '• 7. Protectioo of I.ender's Rights in the Property. If Borrowe� fuils to perfortn the covenantti and ugreements
<br /> :,�=. ' contained in this Security Instrument, ur therc iti u Iegul prcxeeding thut may xignificantly uffect Lende�'s rishts in the
<br />-_ .,;���,::- •• • :- Property(such as u pracceding in bunkcuptcy,probute,for condemnation or forfeiturc or to enfarcc luws or regulution�),then �
<br /> • Lender may do and pay for whutever iti necessary to protect the vulue of the Property und Lender's rights in the Property.
<br /> � .- ' ' ' Lender's action�may include paying uny sumti tiecured by a lien whieh has priority over tliix Securiry(ntitrunient,appearing =-
<br /> " ;�;..�,_;:` �� in wurt,paying reasonable uttnrncys'feex und entcring on the Prnpeny to make repain. Althcwgh l.cnder may tuke nction _.
<br /> ,' ,�,,,,;_��A ,._ under this paragraph 7,Lendcr dcex not huvc to do so. _ _
<br /> Any umount+disbursed by Lender undcr thi�parugraph 7 ,hull lxromr additional Jeht of Borrower s�cured by this _
<br /> ;�.r�,o.Y�,..., ,.•..�,w,: .
<br /> � .. . Security Instrumcnt. Unlctis Borrowrr und LenJcr a�rcc to othcr tcmn of payment,thrur amoums shul!tx�ar intcresl from the —
<br /> �. .,,,, .. datc of Ji+bur.ement Lt th�Notr�utr unJ,hali ix puyublr.with intercxt,upcm notice tmm Lender to borruwer reyucsting °`
<br /> �,� paymcnt. —--
<br /> �`= ,,�.f,, , 8. Mort�age Insuranre. !f Lrndcr rcyuirrd mongugr in.urancc u� a conditiun of making thc to:►n ticcured by this �--
<br /> .,,, . Security Inslrument. Borrower+hull pay thr prcmium. rryuind to muintuin thr mortgagc in�urance in effert. If,for;uiy --
<br /> . - • ' reation, thc mortgugc in+urancc covrrugc reyuircd by Lrndrr lap+c. or rca,u. to ix in cffcct. Borrawcr �hall pay thc F'�
<br /> ,,� � premiumx reyuired to obtnin covcruge �uh,tantiully equiv;ilent to thr mortgagc inwrancc prcviuusly in rffcet, at a cost �
<br /> ' � substantiully equivalrnt to the cotit to Borrowrr of thr mortguge imuriuire previuu.ly in rffect,from un altemate mortgagr
<br /> . „ in,umr upprove�l hy Lender. If,uh.tantially equiv,ilent mort�uE�in�urancr covrra�r i,nut uvuilahlr.Bc,rrower shall pay to —
<br /> �^ Lendcr c•rch month u sum cyuul t�i�mr-twclfth��f thr yenrly mnngagr inxurunrr prcmiam Ixin�paid by Borrowrr when the
<br /> ° ''• insurance coverugc lapsed or ceaud to tx in rtTert. Lrndrr will arrrpt.uu and retain thetir payrnent.as u Irn.re.crve in lieu i;
<br /> ° � '� _. ., of niongagc insuruncr. Lotis rc�crvc puyment.may no langcr tx rryuirrd, •rt thr c�ption of l.cndcr, it'mangagr imuruncr
<br /> � �,, covcrrgc(in thc umount and tiir thc�xriixl thut Lcndrr rrquire+)providrd by un in,urcr approvcd hy Lrndcr ugain beromcs —'`
<br /> .�.L--. � �;..,�.�.a uvuiluhle and is i�btained.Borrower�hall pay the prrmiumti rryuircd to maintuin murt�uge in.urance in eftcrt.�tt ta provide u �'-
<br /> ` �-�"- lo�s rescrvc,until thc rcyuircment tbr mon�:aFe in�uamcc end�in uccordancc with any wriucn agrcement between Borrower ��
<br /> � ^ und Lrndcr or applicablc L•iw. _-
<br /> 9. inspection. Lcnder ur itti agcnt may maMc rca�onahlr entrir.upun and in.Exrti�m.cif th� F�uExny. Lcnder shull —�•
<br /> '� � givr$orrowcr nuticr at thc timc uf ur priur tu an imExction+Fxrifying rru�onahlc cauyr fbr thc in.�xction. —�
<br /> � • � 10. Condemnation. Thr prarrcds of any awurd ur rlaim li�r Jamagr..dircrt or run,ryucntial. in rannrction with:my ----
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