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<br /> perfods that Lendcr reyulres. The lnsumrtco cnrrIer pmviding tho insurunco ehull be chosen by 8arrower subject to Lender'x
<br /> npprovul which ahall not 6a unreaxonably withheld. If Harrower fnilx ta maintain covetnge dexcr�bed above,Lende.�may.at
<br /> . Lende�b option,obtnin covemge to proteci Lenderk rightR in the Property in accordnnco with pnragraph 7.
<br /> � All insuranco poticiea nnd re.newc�ls shall be ucceptablo ta[.ertder und xhull include n standnrd mortguge�clause. L.ender
<br /> _ ��, — � ah�ll hnve the right to hold the pnHcieR and renewalR. If Lender rcquires.Barrower shali pmmptiy give to Lender all receipt� � _. _
<br /> ^ • :,�?A;�:.•:: � � of puid premiums nnd tenewul not�ces. In the event oY loss,Borrower shnll give prompt notice to the insumnce carrier und
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<br /> Lendcr. I.ender may maka proof of losa if not made prompUy by 8orrower. L"` - -
<br /> � Unleas Lendcr and Borrower othanvi�e agrce in writing,lnAUrnnce praceedx ehall be applied to r�estorntion ar repair af
<br /> `, .• �;' the Property damased.If the rcatomtion or repair is economicnlly feuRlble nnd Lender�security is not lessened, If tha __
<br /> �� t�-+,=�r restoration or repair is nat economicutly feavible or I.enderl� secudty wauld be lessened,the insumnce praceedR ehull be _.�.
<br /> - " ' 1��""•''`•1. , applied to the sums secu�ed by this Securlry Insuument. whether or not then due. with uny excess pntd to Borrower. If -
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<br /> . .k+,_,f�� _ z . Borrower abandons the Property.or dces not answer wtth3n 30 days n nodce from Lender thst the insurance caRIer has R-„.�__
<br /> . ` offered to settle a claim.then L.cnder may collect the Insurance proceeds. Lendet may use tha proceeda to repair or restore -�� _ _
<br /> • , �k ���• ='�� tha Propert.y or to pay sums secured by thi�s Secudty Instrument.whether or not then due. The 30-day petiod will begin when �'�= --
<br /> '�''+'�'"' ' the notIce is glven. ��c ^�`� � � �
<br /> ' '`�`�'' � Unless Lender and Borrower othenvise a ree in wrItln .an a ficatton of roceeds to rInci ul shall not extend or `"�°---
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<br /> r_�kt�t5d:°-==-_�
<br /> ;4�.., postpone the due date of the monthly payments rcferred to in paru�raphs 1 and 2 or change the amount of the paymenGg. If ���J.�-----
<br /> �� under are h 21 the Pro rt is ac uired b Lender. Horrawerk rl ht to an insurance IicIes and mceeds resulttn � ��»��L�'��
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<br /> from damage to the Pcoperty pnor to the acquIsidon shsll pass to l.ender to the extent of the sums secured by thls S�curity ��.,,:�•Fj;';.:'''=°----
<br /> �" � Instrument immedistely prlor to the acquisttion. '� ' '' -__
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<br />-.: . � ,, • -• - " 6. Occupuncy� Prc�crvallon, Mstnteaance and Protectlon oP the Property; Borrawer's I.oan AppUcatton; • _- -- _
<br /> . I.easeholda. Borrower shall accupy.establish.and use the Property as Borrower's prIncipal residence wtthin sixtv days after , __ _'•�''��_.-��
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<br /> 7 - „ ' the execution of this Securlty Insuument and shaU continue to occupy the Property as Borrower's pdncipal resldence for at ° ''' '
<br /> � � least onc year after the date of occupancy, unless Lender othenvise agrces in wr�tfig. which consent shall not be •,�----:
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<br /> �.. . unreasonably withheld,or unless extenusting clrcumstances exist which are beyond Borrower!s conuol. Borrower shall nat �r���_.--
<br /> �- '' .. destroy,damage or impatr the Praperty,allow the Property to deteriorate,or commit waste on the Property. Borrower shall "��r �t--�.-.
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<br /> , . be in default if any forfeiture action or proceeding,whether civil or criminul,is begun that in Lender's good fuith judgment ei..::.-__.
<br /> could result in forfeiture of the Properry or otherwise materialiy impnir the lIen creuted by this Securiry lnstrument or ' •�'��_��—
<br /> Lender's security interest. Borrower may cure such a default und reinstute,as provided in paragraph 18.by causing the actlon
<br /> or procecding to be dlsmissed with a ruling that.in Lenderk�ood faith dcterminntion,precludes farfeiture of the 9orrower!s '',�3�J -
<br /> �T._.r..
<br /> �. fnterest In the Prc►perty or other material impuirtnent of the lien created by thts Secudry Instrument or Lender's s�curity • �-.�-
<br /> � � � ,.r�
<br /> interest. Borrowcr shall ulso be in defuult if Borrower,during the loan upplication process, �uve materially false or „'�,..:;
<br /> inaccurute informntion or stutements ro Lender(or failed to provide Lender with any material information)in connection wtth �i��
<br /> ---- ---— the ioun evideneed by tiie iVote. including,bui ttui limiieJ to, rcprcsrttiaiiuus cuncorning 8orruwCr� an:cupiu�cy uf il�c
<br /> :,, „ Property as u pr�ncipui residence. If this Security]nstrument is on a leusehald,Borrower shaq comply with all the provisIons �
<br /> of the lense. If Borrower ucquires fec title to the Property,the Ieatichold and the fee title.r•hall not mcrge unless Lendcr a�rces •4 �,.
<br /> to the merger in writtng. �:4- ;
<br /> ` �� . 7. Protection of I.ender•s RiRhts i�the Propert;v If Borrower fuils to perform the covenants and agreements , fi:�
<br /> � contained in this Security Instrument.or there is u le�at proceeding thut muy si�niticnntiy affect Lender's�ights in the �
<br /> .__..._..._.._..__...,. PrnnPrtv(auch nr:e�r��edinn in hnnk niptry.pmh��te�.f�r condemnati�n nr fnrt'citure or to enforce Inws or re¢ulati�nsl.then - '�.
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<br /> ' Lender may do and puy for whatevcr is neccssary to protcct the vulue af the Property and Lender:s rights in the Property. � �
<br /> • LenJer's actions may include puying uny xumx secured by u lien which hus priority over this Security Instrument,sppeuring � ;�,�
<br /> ., in court,paying reusonuble uttameys'fces und entering on the Pmperty to muke mpuirs. Altl�ough Lender may take uction
<br /> .' undcr this parugraph 7,Lender does not huvc to do ti�. �s•
<br /> ' � Any umounts disbuned by Lender under thix parugraph 7 shull lxrome uJditionul debt of Borrower secured by this ; ,
<br />_ Security Insttument. Unless Borrower and C.ender ugrcc to other icrmx of puyment,these amounts shnll benr interest from the
<br /> � date of disbursement at thc Notc rate Und shull Ix puyublc,with intcrest,upon notice from Lender to Borrower requcsting ':��':.'� ��`
<br /> �. payment. ��='"�y
<br /> , S. Mort�age Insurance. !f Lendcr rcyuired mort�;uge inxuruncc as u condition of mukin�the loun sccured by this >��' . a
<br /> Security Inxtrument. Borrower shall puy thc premiums requirrd to ms�intuin the mort�uge intiurance in effect. If,for uny �
<br /> . � rrmm�, the mortgege incurince coveriigr myi�imd hy I..rnder I:�r.r� ��r ce•a�.f�� t�� 1m in �ffect, R�rmwer .hall p�ry the � - •�
<br /> � premiums rcquired to obtAin coveragr sub,tuntiully equivulent to the mortguge insurunce previously in effect, ut u cost � y'
<br /> � � � substantiully equivatent to the cotit to Bormwer nf the monguge insurunce prcviouxly in cffrct, from nn ulternute mortguge -
<br /> j insurer approvcd by Lcndcr. If substantiully cyuivul�nt mcin�ugc in+uranrc covcragc ix na uvuilablc. Borrower shull puy to I . � � •;r
<br /> I Lender euch month u sum eyuul to one•twelfth of thc yc+srly mort�ugc insuriincc prcmium bcing paid by Borrower when the , '.
<br /> insurunce coverage I�psed or cruzeJ to be in effrct. LenJrr will urr�pt,ux unJ retain thc,r puyment.us a lotis reserve in lieu �
<br /> � � •i of mortguge insurunce. Loss rctiervc paymrnt. muy no longrr Ix requireu,ut thc option of I.endcr, if mortgaRe insurance • '
<br /> i covcrubc(in the umount und f��r the�ri�xi that Lender reyuires)providcd by an in.urcr uppruved by L,cnder ugUin bccome. , �
<br /> uvuilublc und is obtnined.Barcawer+hull puy the pirmiums reyuircd w muintuin nwrtgugc in.urancr in rffcrt,or ta providc u
<br /> . loxs reserve,unti!the rcquimment for murtguge imuranrc ends in iucorcl:mce with any written agrocment txtween Borrower .
<br /> ' und Lendcr or upplicublc luw.
<br /> 9. Inspection. Lender or its u�cnt muy make Ra.cmablc cntrieti upon:�nd intipcction.of thr F'roprny. Lcndrr shull �
<br /> � givc Borrowcr noticc ut the timr of or pri��r tu un in.prction,�xcifying�ru�onablc cau�r tor thc in�prction. �,
<br /> 10. Condemnation. The prcxecd+of any u�vurd or claim for dumatie�,dir�rt or conuyuentiul,in ronnrrtinn with uny
<br /> � SinElr fonuly- Funnie�tue/FYeddfe Muc l'tiIFOR�t 1\ti1'Rl'�tE\T•-l'nd�xin Cwcnanh 914U rp,�,�r?�J��,<�x,•,i � .
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