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<br /> � °•�� ° � -L �Serl�,As that[.ender requires. Tho insurance carrler providing the insurznco�shull be chosen by 8arrower eubJect ta L.ender's
<br /> � , ,�,�-�� �� nppmvnl which ahall not be unrcusonably wtthheld. If Batrower faila tn�naiatain coveruge deACribed nbove,l.ender moy�ut ` - - ' ^
<br /> • L.endark option,abtain covemge to protect LenderS�righte in tho Property in Accatdc►nce with pnragruph 7.
<br /> `�-_�---�- All insurnnco policies and renawnla shatl be aaceptable to Lortder und shall include n atnndard mortgogo clnuse. Lander
<br /> { .. . _ ehal!have the rlght to hold the policIes and renewols. If L.ender requirea.Borrower shall pmmptly give tp Lender utl recel�te
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<br /> • of paid premiums and tenownl noticas. in tha avent af loag. Borrowcr ahW!give prompt notice tu the inauranco catier and --- -`-
<br /> ._. :.� � Lender. I.cnder may mako praof of losa if not mude pmmptly by Borrower.
<br />- " ' Unleas Lender and Horrawer otherwise agree in wrtting,insurance procecds shuD be applicd to resio�utton or ccpair of � ° --
<br /> the Property damaged,if tha restoradun or repair la economicnily feasible and Lender's secudty is not lessened. IP ihe
<br />_ • .�..`. . restorutlon or repair is not economically feasibla or Lender�a security would ba lexsened,tho insurance proceeds shull be
<br /> '"�. npplied to the�ums secured by thia Securlty Insuument,whether ar not then due,with any excess paid to �orrower. If
<br /> °• Borrower aband4ns the Property.or dcex not answer within 3Q days u nattce from Lender that the insuranse carrfer has
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<br /> a : affeced ro senle a cluim.then Lender ma collect the insurnnce proceeds. L.ender may use tha praceeds to repair or re9tor+e
<br /> `� � � Y pedod will begin when
<br /> � .:�.,..,�.��±�� • . the Praperty or to pay suma secured by th s Secudty Instrument,whether or not then due. The 3Q-da
<br /> . - •. , „'�x''4; ' the notice iR iven. �--- _-.-__----� -_--
<br /> �y;k�j�'".'°,�,. 8 �.��_�.,._._.�_
<br /> � Unless Lender and Borrower otherwise agrec in writing,any application of proceeds to pdncipal ahall not extend or
<br />�� �. �•': ,�''�'�'':T K� postpone the due date of the monthly payment�refermd to in pazagraphs 1 and 2 or change ths emount of the payments. If �_ —
<br /> ` under parugrnph 21 thc Propert�is acquired by Lender. Borrower�s dght to any insurance policies and proceed�resulting =.___—__
<br /> �',,,. ,�� from damage to the PropeRy pnor to the acquisition shell pass to Lender to the extent of the suma secured by this Secudty �;��.;'�°.:_�_
<br /> � • Instrument Immediately prtar to the acqutaitton. �_Y�_
<br /> � ` �� 6. Occupancy, Preservation, Maintenance and P�otection ot the Propertyi Borrower's Loan Appltcatton= ,
<br /> � __.,.:,.�__� Leuseholda Borrower sha11 occupy,establish,anc!u,se the Prapecry a.q Bomowerk pdncipnl resfdence within slxty days after �F�°---_
<br />� - �"- � �- the execution of this 5ecurity lnstrument and shatt connnue to occupy che F�rope�tiy as Horrowerh principai reaidence for a� �� f.�•�e,;,•-
<br /> � ". � least one yenr after the date of occupency. unless Lender otherwise Agrees in writing, whtch consent shalt not be
<br /> • unreasonably wtthheld,or unless extenuating circumstances exist which are beyond Bonowers control. Borrower shall not �'•`•�= _
<br /> i desuoy,damage or lmpair the Property,allow the Property to deterlorate,or commit waste on the Prop¢rty. Borrower shall „, ..;���
<br /> ' • ' . be In default if any forfeiture action or prnceeding,whether civil or criminal,is begun that in Lender�s good faIth judgment ;s?(�'`��;;�``��,
<br /> ��:',• ��
<br /> �, , . could result 1n forfeiture of the Property ar odierwise mate•ially impalr the lien creuted by this Secudty Instrument or .%a�.<?,-;
<br /> • Lenderh secudty interest. Borrower may cure auch a default and reinstate,as provided in paragraph 18,by causing the action `�:, 'f �w_
<br /> � or proceeding to be dismissed wlth a ruling thac.in Lenderk good falth determinatlon,precludes forfeiture of the Bn�::,:�� . � '
<br /> •� intcrest ln the Properry or other material impairment of the lien created by this Securlty Instrument or Lend:r�s secudty `�`-=�
<br /> interest. Hocrower shall alsa be in defuult if Borrower, durin� thc loan application process, gave matedally false or ,. ,� ��
<br /> inaccurnte informadon or statements to I.ender(or failed to provide Lender with any materjai information)in connection with " '
<br /> " the loan evidenced by the Note, including, but not limlted to, representations cancerning Borrower's occupancy of the '• '�'` �
<br /> --- ----. Propc�ty a.,a pri���lpa1�residence. If th{s Security Instrumcnt i;uo a lcaschold.Sorrau�er sha!!comgly with a!!the grovislnns --_
<br /> of the lease. If Borrawcr acquims fee title to the Property,the leusehold und the fee title shall not merge unless l.ender agrces •' � .
<br /> ' . �' ° . to the mer�er in wdting.
<br /> � 7. Protect(on of I.ender's Rights In the Property. If fiorrower fails to perform the covenants and agreements , � ,
<br /> contaIned in this Securlty Instrument, or there is a legal proceeding that muy signi�cantly affect Lenderc rishts in the . �
<br /> „ � ••, property(such us a praceedin�in bankruptcy,probate,for condemnation or forfettum or to enforce laws or regulations),then
<br /> • � Lender may do and puy for whatever is necessary to protect the vulue of the Propeny anq Lenderi+ ri�hts in the Propeny. +�; �
<br /> Lender'�ncttons may include puying any sums secured by a lien which has priority over this SecurIty Instrument, appeoring
<br /> in court,puying masonable uttomeys'fees und entering on the Property to make repnirs. Althaugh L.ender muy tuke actton � �� ,
<br /> under this parngraph 7,Lender dcros nat hnve ta do so. "'°y
<br /> �. Any amounts disbursed by Lender under this piuugraph 7 shull bccome additionul debt of Borrower secured by this �"'
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<br />- Security lnstrument. Unless BoROwer and Lender ngrcc to other tcrnis of paynunt,thesc umounts s hu l l bc:u inter�st from t hc ���
<br /> dntc of diaburscrnent m the Note rnre and shnll be peyublc, with intemst,upon notice from I.endcr to Horrower requesttng •`�'S�-
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<br /> • , puyment. �/
<br /> �' � 8. Mort�age Iosurance. If Lendcr mquired mortga�e Insurnnce as u condition of making the loan tiecured by this �� -:��'�
<br /> ' Security Instrument, Borrower shaU pay thc premiums required to muintain the mort�s►ge insurance in effect. If,for any
<br /> .� rcason, the mongage insurance covernge required by Lender lupses or ceuses to be in effeet, Borrower shall puy the ._ .
<br /> ' ' ,. pmmiumti reyuired to abtAin covernge substxntially equivulent ro the mortguge insurunce previously in effect. at a cost .
<br /> ' • substuntinlly equivalent to the cost to Borrower of the mort�uge insurance previously in effect,from an alternate mortga�e ,
<br /> � ' inrurrr approved by Lender. If�ubstuntially equivnlent mortguge insurnnce covernge is not uvailuble,Horrower shull puy eo
<br /> �' Lender each month u sum eyuul to one-twelfth of the yeurty mortguge insurunce premium being paid by Borrower when the
<br /> insurnnee covernge lupsed or ceuzed to he in effect. Lender will accept,use und retuin these payments ns a loss reserve in lieu ' ,
<br /> of mortguge in:�uruncc, Loss reservc puyments muy no longer be rcyuircd, ut thr option of Lender, if mortgu�e insurance • ^
<br /> coverage(in the nmuunt und for the period thut Lender myuirex>provided by iin insurcr upproved by Lender nguin becomes ,
<br /> � • uvnilabie und is obtc+ined.Sorrower�hall puy the premiums requircd to mnintain mortgage inxurunce in e!'fect,or to pruvidc u
<br /> ' • loss rescrvc,until thc requimment for mortgagc insurnncc cnds in uccordunrc with uny written agrecment hetween Bonower
<br /> .. und Lrndcr or applic:sblc luw. I
<br /> y. Inspectlon. Lendcr or its ugcnt muy muke mu�onuhlc cnt�iex upon and in.pc:rtion.of thc Property. Lender shall I
<br /> give Bamwer notire at the time nf or prior to an insExction specifying rru+onuhle cuu�c for the inspection.
<br /> 10. Condemnution. Thc pr�xeedx of uny uwurd or cluim for di�mngrti,dircrt or ron�eyucnti�l, in connertion with any
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