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<br /> r_,,. , • PCfiQd.4 II181 LCRdCf ILY�t1�fCS, Ttic insurance currler providin�the insurnncc shall bc chosc�by Barrawcr subject to Lender� �,���:_-�-:-:_.
<br /> . .� ' c
<br /> i � r�.,.-' : - appraval which shall nof be unrcasonably wtthheld. If Barrawer fails to maintain covemge descdbed nbavc,l.ender may,ut ���_,y_
<br /> , L.enderk aptian,obtuin caverage to protect l..enderk dgh��In the Property in accordwtce whh paragruph 7. i��?�,-i:�_,v
<br /> . ' „'"- ' pll Inaunuice poltcies and rcnewuta ahall be acceptuble m L.ender and ahall include n standurd mart u e clause. I.ender '
<br /> . �,�;.�.�;_,wT�. , 8 S �.�..u`�v.
<br /> • .*• niiali I�uv�the��ight to hotd the policfeF a��d renewnls. If Lender re�uires,Harrower shal!promptly give tn l.ender nll receipta - �-�—.----- ---
<br /> ` 'T.''•'N^'Y"_
<br /> .. �, _': of pnid premiums and renP�val notices. In the event of loss.Borrower shall givc prampt nodce to the insurnnce enrrier und . .,•,.�'��'-� __
<br /> � L.ender. L.ender mny mnke proof of losa!f not made prompdy by Borrawer. ��a", ., �;f'' -
<br /> � .1�`' Unless Lender and BoROwer otherwise ugree in w�idng,lnFUrnnce proceeds shup be applied to regcoratton or repair of '':, ��r �;�`a„ ,�
<br /> ...#= -
<br /> ' the Property duma�ed. if the restoration ar repair is economicutly feasible and L.ender's securiry iti nol lessened. If the �• H..: �..•.
<br /> � ' . , . restorution or repair is not economicnlly feusible or Lender4 Securlty wauld be Iessened.the insurnnce proceeds shaU be . ,,. r„`-'-
<br /> ' applied to the sums secured by this SecurIty Instrument,whcthcr or not then due, wtth any excess puid to Barrower. If �
<br /> ° ' Horrower ubandons the Properry, or dces not answer within 30 days u natice from l.ender thut the insurnnce currier ha.g "
<br /> ' .. .. . offered to settte a cluim,then Lender may collect the insurance proceeds. Lender may use the proceeds to repnir or reRtore =-
<br /> . the Property or to pay sums aecured by this Securtty Instrument,whether ar not then due. The 30•day period will begin when �� � -
<br /> ' the notice is given. �--
<br /> .. Unless Lender and Barower otherwIse agree in writing,any applicution of proceeds to princlpAl shull not extend ot �:
<br /> ' postpone the due date of the monthly paymenGv refermd to in parugraphs I und 2 or chan�c the wnount of the payments. If ����
<br /> �� • under paragraph 21 the Property is acqutred by Lender.Borrowerk right to any insurnnce policie+und praceeds resulting � . �
<br /> ' " " ' from daznuge to the Property prior to the acquisition shull pasti to Lender to the extent of the sums secured by this Securlty i�—
<br /> .° I�strument immediately ptior to the ucquisition. ^�=�
<br /> �` ''� �"' 6. Occupancy, Preservation, Maintenance and Protectton of the Property; Dorrower•s l.aan Appilcatton; ` -
<br /> �=-- ----_-= Lcaseholtls. Sarrawer shall accupy,establish,�td use the Propcity as Bomowert principRl reei�ien�r within�cixty days after _ _.�_ .—T�;°,n=-�
<br /> ' the execution of thts Securiry ]nstrument and shal!continue to occupy the Property us Borrower's principal residence for at �;.'..���
<br /> „ � leust one year after the date of occupuncy, unlesa I.ender otherwi�e agrees in writing, which consent shnll not be ' _
<br /> unreasonably withheld,or unless extenuuting circumstances exist which ure beyond Borrower's conuol. 8orrower shnil not � �` ,.,�,,;:.—
<br /> destroy,damage or impair the Property,Allaw the Property to deterioratc,or commit waste on thc Piroperty. Barrower shall `' ` �
<br /> �.
<br /> � be in default if any forfeiture uction or proceeding,whether civil or criminal,is begun thut in Lenders good fuith judgment ��,�:
<br /> could result in forfeiture of the Property or othcrwisc muteriaUy impuir the lien crcated by thic Security Instrument or .. :;.'
<br /> Lendert securisy interest. Borrower muy cure such u defuult and reinstate,us provided in pnrngruph 18,by cuusing the action `� '�
<br /> • or proceedin�to be dismissed with u rulin�that, in Lender's good fnith determinutian,precludes forfeiture of the Borrower's �� � 1•
<br /> intercst tn the Pro or other materiul im airment of the lien crented b thiti Securit lnstrument or Lenderk secud " �y�'•���
<br /> PettY P Y Y tY ,•,----
<br /> interest. Borrawer shall also be in defnult if Borrower, during the laan upplicution process, gave materi�lly fulse or ��:�" -
<br /> � � .,� inaccurate information or statements to Lender(or futled to provlde Lender with any muteriul information)in connectlon with � •.�"�� '
<br /> - - - -�-- the loan evidenced by tho Note, including, but not limited to, mpmsentanons concemmg Fiorrawer's occupuncy of the —_-- � -��-�-
<br /> Property us u princfpal residence. If thiti Security lnstcument iz on n leusehold,BoROwer shali comply with all the provixlons
<br /> of thc leatie. !f Borrower acquire�fec title to thc Property,the leasehold und the fee title shull nat merge unless Lender ugrees �.T, ,
<br /> to the merger in writing. ''�
<br /> ' 7. Protectlon of I.ender's Rights in the Property. lf Borrower fails to perform the covenants and agreements • �� �
<br /> contained in this Security in�trument, or therc ix u le�;al proceeding thut may significuntly affect Lender's rights in the �+ �
<br /> � - Property tsuch as n proceedin�in bankruptcy,probate,fc�r candemnation or fort'eitum or to enforce law,or regulations),then � �
<br /> Lender muy da und pay for whatever is nccessury to pratect thc vulue of the Property und Lender'.s rights ia the Property. jr°�';�
<br /> Lender's actions muy include paying su�y sums secur�J by a lien which hus priority over this Security InstNment,uppearing f � ,
<br /> in court,paying reusonuble uttomeys'fecy nnd entering an thc Property to muke mpuin. Although Lender muy tuke action f ti.
<br /> • under thiti paragraph 7,Lender does not huvc to do so. "
<br /> Any amount, d'n.•bur,ed by Lendcr under thix parugruph 7 shull bccomc additional dcht �f Borrowcr sccured by this
<br />• Securiry Instrument. Unless Borrowcr und Lender agrec to other tennti of pryment,thexe umounts shutl lxur interest from the • t�� �� �
<br /> ; date of disbunemcnt ut thc Notc rate und.hull tx puyublc,with interest,upon notice fcom l.ender to Borrower rcyuetiting - :'..�,.��
<br /> �. I pAyment. •- '1%' 'M
<br /> 8, Mortga�e Insurence. If Lender requircd murtguge inxurunce ux u condition uf making the loan ,ecured by thi+ �c�� t
<br /> i Sccurity Instrumcnt,Borrowcr shull puy thc prcmiums myuircd t��muintuin thr mc�rtgugr in,urancc in cff�ct. If, for�ny , ,
<br /> • ieu,uu, the mort�a�;e in.rurance coreragc rcyuircd hy i�cndrr lapxeti or rcar,r. t�� he in rfCrrl. Horrower ,hull puy the � „ - ;�`
<br /> premiums myuired to obtain covrrage .ubrtuntially eyuivalent to the mongagr insuranre pmvi��u.rly in effect,at u cost I °
<br /> tiubst:u�tially equivalent to thr cost to Bonowrr oT thr mort�!age in.urnnce pmviou�ly in �ffect,from un ulternate mortguge „ . f'.
<br /> insurer approved by Lendet. If suhxtuntii+lly eyuivalent mortgagc imuranrr rovrragc i+not avuilable,Rc�rmwcr shall pay to ' •^�
<br /> Lendcr euch month a tium eyual to one-twelfth of'the yr.uly mortgagr insurancc pnmium lking puid by Burrowcr when the
<br /> inxuruncc covcr:�ge I�p+cd or cc•rsed to!x in effcrt. Lcndrr�vill arcrpt,u�r and retain tlx�r paymcnh u.u loxs reservc in lieu �
<br /> ' of nwngugc insurancc. l.oss rcxcrve paymcnt, muy nu longrr Ix reyuimd.at thc�iptiun of l.cndcr, if mortgagc intiuruncc ;
<br /> covcruge(in thc amount und for thr Exriixl that Lendcr�cyuirc+)providcd by an insumr appmvcd by Lrndcr aguin txxnmcs
<br /> avuilable und ix ohtuineJ.Borrowcr�hull pay thr prcinium�r�yuircd tc�mi�int:►im m�rigugr in+ur:+ncr in cftect,or lo providc u < <
<br /> losr reserve,until thc reyuircment for mortgugc in.uruncr rnd�in acrordancr with:o�y writtrn agrcrmrnt Iktwcen Bormwer I
<br /> und Lender or applicablr luw.
<br /> � 9. Inspection. Lendcr or ity ugcnt may makr rca.onuhlr�ntric.upun and in.pertian+uf thc Yn�Fxrty. Lendrr tihall ,
<br /> �.
<br /> givc Burcowcr noticc at thc timc o!'or prior to an in+prcticm�ExciTyin�rca.anablr cau,r(or thr in.perti��n.
<br /> � , 10. Condemnatinn. Thc prixccd�uf uny:�a•ard ur rlaim tiir de�magr..dirrrt ur r�,n.eyurntiat.in ronnecticm with any ,
<br /> timgtc F:�mih..Fnnnlc�fudtYcddlc 11uc C�IF(1R�t I\5'fRl'�1F:\"f� l'nN�mn c'u��rrmt. 4�90 yarpr?,y n�,ce,.•�
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