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<br /> periods�t Lender tequlroi. TFie ln�wrancs cwrier provfdin4 thc inwnnoe�h�fl be cho�en hy Barower wbJect ta Lenderi.
<br /> •pproval which sh�ll not be unt+aiw�u�ly wlthheld. If Horrowu fall�W maintain covenge described�bove,l,end�r nt�y,at
<br /> - Lendetb option,obt�n coven�e 10 pmtect Lenderl ri�htx in the Property in accoidmc�with pu��nph 7.
<br /> All insurmce policies�nd rcnew�tR xluill bc uceptable ro Lender and ahall include�xundn�+d mottQwye ciwaxe. L.ender
<br /> _ _ �hdl h+�ve thc dght to hold the pnlicie�snd renewalr. rP Lenckr requircr,Bc►rmwer ehs�ll pmmplly�ive to Lender alf receiptr
<br /> oP p�id premiums�nd rcnewrl nwlce�. In the event of losa,Botrower sh�ll�ive prompt nwice to the Inrurwue c�rrler�nd
<br /> __ — Lender. Lender may m�ice proof af locx If nnt m�de promptly by Bortowcr.
<br /> Unlcss L.cnder:u�d Eorrawer athcrwise agne in wrlt(ng,insurance proceeds she111+e applied to rrstr►rntion or rcpair of
<br /> °- thc Property dunaQed, if the rcetcx�dor� or rcpxir is economically feasible and Lendert ,�ecu�ity ix not Icsxened. If the
<br /> rcstorntion or rcpair ie not erammic�lly fc�xible or Lenderk socurity would be Ic�scned, the insurynco pra-eads shall be —
<br /> applied ta the aumr• securcd by thi»Security InstNment, whether or nat thcn due,with uny cxcesa pnid to Bnrrowor. If
<br /> Borrower abandona the Property,ar due+not unswer wlthin 30 days a noticc from Leade�thut thc insurnnce curlrr has
<br /> -- offercd to settle a claim,then L.ender mAy cullect the insurance prnceedx. Lender muy use the proceeds to rcpair ar restorc
<br /> __ the Property or to pay sums secured by thia Sccuriry Insuument.whciher or not then dua Thc 30-dAy period wlll be�in when
<br /> -- ---.— --°�—.--°.= ihe notice is glvcn.
<br /> �-�—��"v`"'""'°' Unlesx Lender and Borrower o�herwise ngree in writing, any upplication of proceeds to principal shall nat extend or
<br /> ��;;� postponc thc due date of thc monthly puyments refcrrcd ta in p�uagraphs I und 2 or change the:unount af thc payments. If
<br /> ����;�.._,;..� _ under paragraph 21 the Property ix acquircd by Lender, Bonx►wcr?�right to uny insuru�cc policies and proceeds resulting
<br /> from damage ro the Property prior to the xquisition shnll pass to L.ender to the extent of the sums r.ecurrd by this Scxurity
<br /> :-�Y�`�' '°""�"�-���� Insuument Immediatcly prior to thc acquisition.
<br /> °=• 6. Qccupancy, Preservwtion, Mainten�nce and Protection ot the Froperty; Borrower's Loan Appltcat(on;
<br /> ��•fi''��,75+. I.easeholda. Borrower shall accupy,extablish,uad use the Property as Eionowerk principul rexidence within sixty dayx ufter
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<br /> ::�':.ii,:,�.:..:�. the execution of this Security Instrument und shall continue to occupy the Property ati Boaower'.,principal residence tor ttt
<br /> �:'K,�.�:y.�� ;.• ..' IeaSt one year after the date of accupancy, unless Lender otherwise ugrees in writing, which consent shall not be —
<br /> �';•;;:�,.i,';:; �;.:�,:..::; unrea.eonably withheld,or unless extenuating circumstunces exist which am beyond Bo►rowerk cuntrol. Borcower shutl not
<br /> ... . .,,.::. destroy.diimuge or impair the Property, allow the Property to detcriorate,or commit w�stc on the Pcoperty. Borcower shall
<br /> � ;..�. '• . be in default if any forfeiturc action or praceeding,whether ctvil or criminul,is begun ihAt in Lender§good faith judgment
<br /> could result in forfeiture of the Property or otherwise muterially impair the lien creoted by thir Security lnstrument or
<br /> , • � Lendcr's security interest. Borrower may cui�e such n defuult and reinstatc,as provided in puragraph 18,by cuusing the;�ction
<br /> or proceeding to be dismissed with a n�ling that. in Lender's gc�od faith determination, pircludes forfeiture of the Borrower's- _
<br />: interest in the Property or other materiul impuirment of the lien crcuted by this Security Intitrument or I.ender c tiecurity
<br /> intercst. Borrower shall also be in default if Borrower, during the loan application procexx. guve rnaterially false or —
<br /> � inaccurate infortnation or statements to Lender(or failed to provide Lender wlth any material informatton) in connection with —
<br /> ' the loan evidenced by the Note, including. but not limited to, repre�entations conceming Borrowerl accupnncy af the
<br /> ___ ______ Property as a principnl residence. lf this Securitv Instrument is on a Ieusehold,Borrowershull comply with all the provisions -
<br /> ' of thc Ic:�tie. If Borrowcr acquires fec titic to the Pmperty,the Icasehold and the fee title ahall not merse unless Lender agmes
<br /> ro thc mergcr in writins. �'�
<br /> 7. Proteetion oP Lender's Right�in the Property. lf Borrower fails ta pedorm the covenants and ugreements
<br /> contained in this Security Instrument, or therc is a legal proceeding thut may significuntly •rffect Lender; rights in the =
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<br /> •• Property(such as a proceedin�in bankruptcy,probate,for condemnution or forfeiture or to enforce luws or regulationx),then --•
<br /> Lcndcr may do and pay for whutevcr is necesxury to protec[ the vuluc of thc Property and Lendcr's rightx in the Propeny. !��
<br /> ' Lender's actions muy include puying any .ums tircurcd hy a lien which has priority ovcr tbix Security Inxtrumen4 appearing g
<br /> , in court,paying rcusonuble attomcy.'Ccr,und entcring on the Property to mx{cc repuirs. Although Lender muy take uction -
<br /> _ • under this paragraph 7.Lender dceti not huve to do so. �-
<br /> ' Any amountx disbursed by Lcnder undcr this paragraph 7 shall becomc additional debt of Borrower xcured by this �,..
<br /> '' Security Instrument. lJnlcsx Borrowcr and Lrndrr agree to athrr tcrms of puyment.thexc umounts shull bear intemst from thc i.
<br /> '�* datc of disbursement At the Notc rate und shull Ix payablc,with interest,upon notice from Lcndcr to Borrower rcyuesting
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<br /> � . � payment. ��,
<br /> ' 8. Mortgage Insurance. If Lender rcyuircJ mo:tgagc in,urunre ar u rondition of making the loan xecured by this �,_
<br /> Security Instrumem, Boaower shall pay thr premiumz myuirrd to maint.►in the mc�rtkage in.ur.mce in effect. If, for any � _.
<br /> rcason, the mortgage insur.�nce coverugc rcyuir�d hy Lendcr lapsex or ceases to t►e in effect. Bormwer shall pay the �-�
<br /> •" prcmiums required to obtain coveragr tiuh�tuntially cquivalent tu the mc�nguFe intiurance previously in effect, at a co�t �;
<br /> substantially ryuivalrnt to the rost to Rurn�we� ��t thr mortgngc intiurance previously in eftcct.from an alternate mortgagr �
<br /> insurcr approved by Lendec If tiubtitantiully eyuivalrnt mortgage insurunce coverage is ne�t availublr,Borrower xhall puy to _
<br /> Lender cuch month a sum cyual to onc-twclfth oT thc ycarly mortg:igc imurunrc premium Ixing paid Ny Borrowcr when the
<br /> insurancc covcragc lap�cd orrra�ed to lx in cflrct. Lendrr will accept,utic and retain thc�e payment�a+� (cn.r rescrvr in licu
<br /> of mortgagc insurancc. Lotis rescrvc p:rymcnis may no Icmgcr tx rcquimd,ut thc c,ptiun uf Lcndcr, if mongagc in�urancc
<br /> � cavrrage(in the amount anJ for thc�xriuJ that Lcndrr myuirrs)pruvidcd hy an imurcrappruved by Lendcr aguin txrome+
<br /> ` availaN►e and i.oNtuincJ.Barcuwcr�hal l pay thc premium�rcyuircd to maintrin mongage imurancc in eff'ect,cx to providc a
<br /> ` loss rcservc,until thc rcyuirement for mortEu�c in.urunce cnd�in urcordunce with any writtcn ugncmcnt hetween Borrower
<br /> � and Lcnder or applicahlc luw. �
<br /> •_ 9. Inspection. Lcndcr or its agent m:ry m.�kr ma�onaMr rntrieti upon and imExction,�if thc F'roperty. Lcndcr�hall �
<br /> �� � give Borrowrr notirr at thc timr uf cir priurtu:m in.Exction.�xcif�•ing rra�onablr rau.r fo�thc inspertion.
<br />'�` } 10. Condemnation. The prurecd�of an�• awarJ ur claim ti,r danr.igc�,dirrrt ur rontiryuential, in amnection with any !
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