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<br /> - ------ ��1 ' �tdode that Lenc4er req�dren. 7he inauranca cwTicr pruvldJng tha lnsurnnce shnll be chuscn by Alfi�1�u�to L.sndett�
<br /> ,, uppmval whtch shnll noi be unreasanably withheld. if Borrowar faila to maintain coverege described�bovo�Lend¢r may,si
<br /> � Lendert�optlon,ebtaln coverage to pmtect Lenckrb dghta In the Property in accordanco wlth p�ragmph 7.
<br />— Ali lnsuranca policies and renewala sh�!!bo accepiablC to I.ender and shaU inciudo a sau►dard mortgego clnu�e. Lcnder
<br /> — -- shall havo tho rlght to hold the pollaies and[enewuls. If Lender requtres,Borrower sh�ll prompqy givo to Lender all reccipts .
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<br /> 9 ot patd p�omlums and nnewxl nodcea. I�the ovent of lose.8onower shtlt giva prompt notice to tho insurfuzce c er an
<br /> I.ender. Lender muy mnke proof of loss if not made pmmptly by Bomower. _
<br /> . -- UNeas Lender artd Horrower otherwlse agrce in wrldtig,insuranceprocee�fs ehall be applle�i tu eestocatiun or repair ot °--
<br /> �r thc i'ro�erty damaged, !f the restoration or repaIr Is economicsily feas[bl�and Lender� secwlty ia not lessened. If the
<br /> mstareuon or repuir IR not economlcally feasible or Lender's secutlty would be lessened. the insuranaa pmceeda shall be
<br /> '� a plIed to tha sums secured by thia Secudty Instrument,whether or not then due, wlth riny exceaR pald io 9orrower. If
<br /> �orrower abandons the Pe+operty.or dces aot anawer withln 30 duys a notice frorte Lender that the insuraitce carrler has
<br /> offemd w settle a daim,then Lender may caitect the insurance proceeds. Lender may use the pmceeds to repair or reawre
<br /> the Propeity or to pay suma secured by this Secudry Insuument,whether or not then due. 1fie 30�day pedod will begin when
<br /> the nodce is glven.
<br /> Unless Lender and Borrower otherwtse agree in wrIting,any upplicntion of proceeds w principal shall not extend or
<br /> „ , postpone the due date of the monthly payments refemed to in paregraphs 1 and 2 or change the umount of the payments. If
<br /> M: under paragraph 21 the Property ls acquimd by Lender,Borrower's rlght to any lnswance policles and prnceeds t+esulting
<br /> `•�;� '"' from damage to the Property prlor to the acquisidon shall pass to Lender to the extent of the sums aecured by this Secudty
<br /> Instrument immedtately prior to the acquisidon.
<br /> . y.::��a.;. 6. Occupancy� Preservadon, Maintenance and Protectton of the Property; Horrower's Loan AppUcaHon;
<br /> _ ,-_,T_�'� •-, l.easehoids. Botrower shall ocxupy.eatablish.and eue the Property as Born►wer�principal rc.wjdence wlthin slxty days ufter �
<br /> ;,',:c.,:.,...,..,,.,„ .;;., ihe exeeudon of thia Secudty Instrument and shali conUnue to oceupy che Propeny:us Bur,owe►a princtpa1 res{dc�cc for�t
<br /> . • "`��f least one year ufter the date of occupancy. unless L.ender otherwise agreeA !n writing, which consent shall not be
<br /> unmasonably withhcld.or unless extenuating clrcumstances extst which am beyond Borrowerk control. Borrower xhall not
<br /> � • • :;<i destroy.damage or impair the Property,allow tha Propecty to deteriorate,or commit waste on the Property. Horrower shall
<br /> � . - be in default if any forfeiture actton or praceeding.whelher civil or cdmi�al,is begun that in Lenderis good faith judgment
<br /> could result !n forfelture of the Property or othcrwise materinlly impair the lien created by thia Security Instrument or
<br /> ^ ' Lenderls securlry interest. Bomower may cure such a default and reinstate,as provided in p�uagraph I8.by causing the action
<br /> �� � or proceeding to be dismissed with a ruling that,in Lender's good fnith detcrmination.precludes forfeiture of the Borrowerk -
<br /> ' " ' interest in the Property or other material impairtnent of the lien creuted by this Security Instrument or Lenderk securiry
<br /> � interest. Borrower shall ulso be In default if Borrower. dudng the loun application process, gave materi�lly false ar —
<br /> • inaccurate Information or statements to L.ender(or fuiled to provide Lender wlth any mnterial information)in cannectIan with
<br /> � the loan evidenced by the Note,including, but not limited to, representations concemtng Borrower�s occupancy of the _
<br /> _____ _ _
<br /> Yroperty as a principai residence. if thih Security fnatrumcni i5 un n ta�.iahaid,Borcower s�ati comply u9th alt the groz is ons
<br /> �''� ' , of the leasc. If Borrower acquires fee title to the Property,the leasehold und thc fee title shall not merge unless L.ender agrees
<br /> • to the merger in writin�.
<br /> 7. Protectfon of Lender's Rights in the Property. If Borrowcr fuils to perform the covenants and u ments _
<br /> , . conWned in this Security Inxtrument, or there is a 1ega1 proceedtng that mny significanNy uffect Lender�s riF ts in the —_._
<br /> _ Pr�t+erty(cuch ss n proceeding tn bankruptcy,prabute,for condemnation or forfeiture or to enforce laws or regulattons),then �
<br /> L,ender mny do and puy for whatever is necesusry to protect the vulue of the Mroperty ond Lender's rights in the Pn,}�rty. �_:
<br /> • „�4i:.. Lender'.s acttons may tnclude paying uny sums xecured by u lien which hns prlority aver this Security Instrument,appearing p��t_.
<br /> ••�� � � in caurt,puying reasonable nttorneys'fees and enterinb on the Property to muke mpairs.Although Lender may teke action �-�.
<br /> � under this pnrngruph 7.Lender does not huve to do so. - ,
<br /> ' Any amounts disbursed by I.cndcr undcr this purugruph 7 shuU becomc udditional dcbt af Qonower secured by this
<br /> Security Instrument. Unless Borrowcr nnJ Lcnder agrec to othcr tecros of puymcnt,thesc umounts shall bear interest from the
<br /> • dute of divbur�ement at the Notc rute und shull bc puyubir,with intemst,upon natice from Lendcr to Borrower requestins ,
<br /> pnyment.
<br /> 8. MortgsAe Insurance. lF Lcndcr rcyuircd mortgiigc imurunce ux n condition of muking the loun secured by this
<br /> Security ]nstrumenb Burrowcr tihull puy thc premiums requircd to maintuin thc mon�agc insurnncc in effect. If, for uny
<br /> . . reason, the mortgLge insurunrc covcrnFe reyuin:d by Lrndcr lup+ex or ceuses to be in cffect. Horrower shull pay the
<br /> pre�miums required to obtain coveruge subxtuntially eyuivulent to thc murtguge inxurunce pmviously in effect, ut u cost
<br /> subxtuntinlly cyuivulcnt to the rotit to Bormwer ot'thc mortgugc insuruncr prcviewzly in effect,from un altemate mortga�e
<br /> intiurer approved by Lender. If substantiully cyuivulrnt mortguge insurunce coverugc is not uvui�able. Borrower tihuti puy to
<br /> Lendcr cuch month u sum cquul to cxx�-twclfth of thc yrurly mortgngc insurimcr prernium hcing paid by Borrowcr whcn thc
<br /> insuruncc covcru�c l,+pxcd or ccuscd to tk in effrct. Lrndcr will ncccpt,u.c++nd retain thr�c paymentx ux a loss rescrve in lieu
<br /> of mortguge insurnnce. Loss n�crvc puymrntti muy no longcn c�r reyuind,,it thc c�ption of I.cndrr, if mortgc�gc insur•rnce
<br /> cmeu►ge(in tbe umount and tur thc�xriexi thnt Lcndrr rcquim�)providcd Ny att imurer appmved by Lender uguin hecomcs
<br /> uvuiluble nnd is<�btained.Borrowcr,h:dl pay thr prcmiunn rcyuircJ tu maintain martgagc i�uurunce in efFect,or tn providc a .
<br /> loss rescrvc,until thc reyuirrmcnt for mongugc intiur.mrc rnds in�►rr��rJunre with unyµriacn ugrrrmrnt lx:twccn Borrowcr
<br /> and Lender or upplicublc luw.
<br /> 9. Inrpectton. Lcndrr or itx agrnt mxy nwkr reawnnhlc rntrir+upun und in.�krtiun+c�f thr PmExrty. Lcndcr�h:dl
<br /> • givc Burn�wrr notirc t+t thr timr��f c�r priur to an in��xction.}xrit'�•ing rea.��nahlr c:w.c firr tlx ins�xction.
<br /> � I0. Condemnution. 'I'he pn�r�ed�uf.ut�•:�a:�rd or rlaim liir d:�fnage,.dicert��r run.eyuenti:tl.in cc,nnrrtion w�ith liny
<br /> timgk l�amil�••Fnnnlc�1ncltYiddlr�tnc l'VII�UN�11V�'r,'kl�1F.\'1' �l'mtunn e'ue�n.mt, v/40 ry�,ir?�,l n p,,�,•�i
<br /> (�II'.tl IA►M NYNIN'AY F'mMS.IM �
<br /> f.��mNr�,dl 1�ttp6:1PA.99:1 f 1 FAA 1i18•T1114171
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