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<br /> -�-- perlods that Lender reyuins. Tlre Inxu�nce c�urier provldin$the inxurw�ce sh�ll be chosen by Borrower�ubject to Lender'�
<br /> - — approval w6ich�all not bc unrc�.yonably withlxld. If Borrower fiilx to maintwin coverage descritbd above,Lender rnay.u
<br /> l.enderk option,obe�in covorx�e ta poatect l.enderb d�ht�:in the Property in accordu�ce with poraQraph 7.
<br /> -- -_.-�.ti�r;�,�i All in�urance poUcies rnd rcnew�la shaU t�e acceptwble ro Lender u�d�hall include a standard mort�age cl�u�e. [xnder i
<br /> Khall havc the right to hold thc policic��nd rcnew:�ls, If I.:ndcr rcquirer,Borrowcr shull promptly g[ve to L.cndrr ell receipts
<br /> of paid prcmiums and,rerxwN notices. In the event of loss,Borrower shall�ive prompt notice to the insuru�ee carrler+md
<br /> . :..���•,:;r:_. L.ender. Lcndcr may make proof of lo,s if not made promptly by Bo�rnwcr. �
<br /> �'�°�'"M1 Unless Lendcr and Borrower otherwl.sc agrce in wdting,in�urunce prceeeds Rhall be applied to restoration or repair uf
<br /> � ��-i`%+��4�, thc Property dumaged, if the rcstoration or rcpai�is economtcally fe�.clbie nnd Lenderk security is nat fesxened. lf the
<br /> � rcxtorution or rcpair is not econamically feusfble or Lenderi secur�ry would be Iessened. the insurnrsmnce proceed4 shall be �,
<br /> �-u�^•--•� r , applied to the sums secured by thic Security Instrument, whethrr or not then due. with any excexs puid to Borrower. If
<br /> � _---��•`-`:`w',;;;;�;��" Borrower abandon�:the Property. ar dces not answer within 30 duys u notice from l.ender that�he insurance currler hay
<br /> ---_=������F . offered to settle u cluim.then Lender may colicct the in+urance praceeds. I.ender may use the praceeds to repair or mstore
<br /> ___-_ �- ��•.;• the Property or to pay sums secured by this Security Instrument.whether�r not then due. The 30-day period will begin when _
<br /> '- ��' `-' the notice is given.
<br /> r�.:�°+� � ' '. Unless Lender and BoROwer othenvise agree in writing, uny Applicution of proceeds to principal shnll not extcnd or
<br /> .::;,�`, .t,'::.. . .;,•. .•.�. ;,.
<br /> ., �i __ ..-r.� postpone the duc date of the monthly payments referced to in paragraphs 1 and 2 or changc the amount of the payments. If
<br /> ^ �• ' under paragraph 21 the Ptoperty Is ucquircd by Lender, Borrowcr?� right to uny insurunce policies:u�d proceeds resulting
<br /> °`�'•� '`+' from dumage to the Property piior ro thc ucquisition shnll pass to Lender to the extent of the sums secured by this Security
<br /> �a,.;�:_,>
<br />-_• � ,L.,. �.� .•� •� Insuument immediatcly prior to the acquisition.
<br /> • � 6. Occupancy, Preservotion, Maintenance and Protection ot the PrupeMy; Borrower's Lwin Application;
<br /> �' � ' Leaseholds. Borrower shull occupy,estublish,and use the Property ati Borrower's principa!rosidence within sixty duys after �
<br /> ''' the executian of this Sccuriry (nstrument su�d shaU continuc to occupy the Property ati Barrower's principnl residence far ut �p-
<br /> � least one yeur after the dute of occupancy, unless Lender otherwi,e agrees in writing, which consent xhall not be
<br /> unrcasonnbly withheld,or unless extenuating circumstances exist which s�rc beyond Borrowerl control. Borrower shup not �_
<br /> destroy,damage or impair the Praperty,allow the Property to dctcriorutc,or commit wuste on the Piropetty. Borcawer shall
<br /> . . be in defuult if any forfeiture action or proceedins,whether civil or criminal,is t+rgun that in Lender's good faith judgment
<br /> � could rexult in forfeiturc of the Property or othenvitie materinlly impair the lien cmated by this Security Instrument or
<br /> Lender's security interert. Borrower may cure such a defuult i�nd minstate.as provided in ps�ragraph 18,by cnutiing the�ction
<br /> ar proceeding to be dismisscd with a culing that,in Lcndcr+gaod fuith determin:�tion,precludcs forfeiture of the Borcower�
<br /> interest in the Propeny or ather material impuirment of the lien crcated by this Securiry Instrumcnt or Lender's security =
<br /> . intercst. Borrowcr shall also be in default if Borrower, during the loan uppiication prcecsti, guvc materially false or
<br /> inuccurute infortnution or statements to l.ender(or fniled to provide Lender with uny materiul informution)in connection with —
<br /> the losin evidenced by the Note. including, but nnt limited to, reprc�entations concerning Bonower's occupancy of the
<br /> • F�u�x�iy a�a priacipai rc�iJence. Ii ti►i+Securiiy In�trumcui i+un u ieu.choi�t,Borrowrr+ir.dl cu�upiy wiih uii ihr provi�iun+ —
<br /> of the Icase. If Borrower acyuireti fec title to the Property.thc teusehold und the fcc title shall not merge unless Lender ugrees
<br /> to thc mergcr in writing.
<br /> 7. Protection of I.ender's Ri�hts i� the Property. It'Borrowcr fails to pert'om�thr cavenants and agrcements --
<br /> contained in thi.Security lnstrument, or thrre i. a Ie�al pnxeeding thut may ,ignific•rnQy affect Lender's right, in the ��=
<br /> Property(such•rx a praecding in hankruptcy,prohate,Rtt condemnutii�n or fiirtciturc or to en(orce luws or regulationx),then �'
<br /> Lendcr may do and pay tiir w�hatevcr i�ncc��.ary to protrct thc value ot'thc {'ro�x:ny und 4endcr's rights in thc Property. —
<br /> Lcndcr's uctions muy inrludr puying any.wrn scrurcd hy a licn which Ir.n priority ovrr thi.Srcurity Inxtrument.ap�xaring °
<br /> " in court,puying rcu�onuMc attomry.'t'rr,anJ cntrring on thc Proprrty tu mukc rcpair�..Although Lendcr muy tukc action a�_•
<br /> � undcr thix�aragraph 7,LcnJrr J�xs not httve to dii�o.
<br /> Any umuunt� di�buncd by I.cnJrr undrr this pura�ruph 7 ,h:dl txcumc aJditionsl drM��f Borrowcr ticcured by this � �
<br /> �' Security lnstrumrnt. Unlr�ti Hurr��wrr anJ Lcndrr a�rcr to othcr trmi+of payment,thcse amounts sh•rll txar intcrext from the
<br /> � dute of di�burtiement at tfu Notc rutr and shall hc payahle,with intrm.t,uExm noticc t'�om I.endcr to Borrowcr reyuetiting .
<br /> puymcnt.
<br /> S. 1�lort�u�e Insurance. If l.rndcr rcyuircJ mung:��;r in.urimcc a�a ccmditiun uf making thc loun�rcured by thiti
<br /> Security Intitrument.Borrowcr tihall pa��the premium+rcyuircd t�� maintain thc m��ngaFr imurancc in effect. If, for any
<br /> rca�nn. thr mortEagc in,urancc ruvrrag� rryuirrd h�• l.rndrr lap.r. ur ccatic� t�i tx in cffcct. L3orrowcr shall pay thc ,'�rn
<br /> premium, reyuircJ In ohtain ruvrr:igr .ub�t:mti:►Ily cyuivalcnt to the mortgagr im�n•anrc previousl�• in effect, at a cu,t �
<br /> subytantially cyuivalcnt tu the ro�t lu Borrowcr uf�hr murtga�tr in�uranrr prcviuu.l��in cf'tict. from im ultcrn:�tc moRgagc
<br /> in,urcr upproved by Lcndcr. If�ubtitantially ryuivalent mortgagr in,urwirr cuvera�:c i,not availablc,Borrower rhall puy to
<br /> Lcndcr rach munth a sutn ryual ta itnc-Itecllth ot'thr ycarly murtgagr imurancr prcrnium txin�! paid by Borcowrr whcn thc
<br /> � intiurance covrragc lap,ed or cra.�d to Ix in cftcrt. Lrndrr�viU acrrpt.u.r anJ rrhiin thr,e paymcnt�u>a lo�s rc,erve in licu
<br /> � of muit�a�!r in,uranrc. l.o„ rc`rn�c paymrntti muy nu IunErr Fx rryuirrd.at thc c►ptiou iil LcnJrr. if mortgaFc imurc�ncc k
<br /> ruvcr:+gc(in thc umaunt unJ ti�r thr�xriad Iha�Lcndcr rcyuim.)providcd h��;�n imunr.ippruvcd by Lrndcr uguin Ixromr�
<br /> , :rvailablr and i,obtainrJ.Rorrowcr+hall p:q• thc�,r�mium,reyuired t<i nr,iint,�in nwrtgagr in�uranrc in cffrct.ur tc�providr a
<br /> . lo„rc,rrv�.until the reyuire�nent ti�r mangake in,ur.mrr rnd.in arrurdancr�cith any���rittcn a�:mrmcnt txtwecn Barrowcr
<br /> unJ Lrndcr ur applirablr la���.
<br /> ! 9. Inspection. Lcnder or it,a�:rnt m:q•mal�e rca,un:�hlr cntric.upun and mti�nrtiun,ut�thr F'ruprny. Lr�ider�hull
<br /> givc Born�wcr noticc at thc tim�ut'ur priur tu an in.�xctiun��xrifying r�:nunahlr rau.c fitt the im�xctian.
<br /> . �0. Cundemnatiun. ��IC(1CUCCC�ti u(ett) aw:ln�of c�:�i�fl litt d:1�I1:ILC�.dirrrt��r ron,ryu�ntial.Itl COt1tlCl'IIUII N'�Ifl:10},
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<br /> l:tr.d L�t�w Nu.lnrv�F�rnN.ItK �
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