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<br /> periads that Lender requims. The fnsurance carrler providbg the insurance Rhall be c�c►sen by Barrower subject to Lenderb
<br /> upprovnl whIch shall not ba unreASOnably wi�hheld. If Borruwer fuils to maintatn covernge deRC:ribed above.L.endcr may�ot ----
<br />— • I.enderk opdo�,obtein coverage to protect L.enderk right,c in the Pt+nperty in accordnnce with parAgruph?.
<br /> ._
<br /> AU insurence policies and renewals shall bo ucceptuble to Lender and�hall frtclude u standard mort�nge clause, Lender
<br /> _::'-----=_---= - -_--.-� shaH ltave the r�ght to hold the policica and renewets. If I,ender re�uiroa,Barmwer shall promptly give to Lender all�+ecelpta
<br /> - fd���f� of paid premiums und�+enewai notices. !n the event of loss,Borrower shail give prompt nodce ta the insurance canrler und �- _
<br /> T `:.�i-wAW+4'.urs� � ��.L�✓ -
<br /> . „ Lender. Leader may malce pr.00f of loss if not mnde pmmptly by Horrower. i_ __
<br /> _.��� ` Unless Lender and Borrawer othenviso agree in wdting. insumnce praceeds ahall be appfied to reatoration�r repair of
<br /> �:�a,r��•,�. the Property�lumnged. lf the reatoratlon or repair ta economicaliy feaslble and Lender's isccurity is nat lessened. If the --
<br /> '�:,,.;��.��'�:.,,;wE�F, restoradan or mpair!s not esonomically fe�tble or Lenderk secudty woutd be lessened. the insurance proceeda shall be �':=�-_
<br /> � � ,;^�T,�•''" - � a 1{ed to the sums secwr;d b this Securl [nstrument,whether or not then due,with uny excess paid to Borcower. If �"'�''''=-��
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<br /> pj;:,;�° :'.� •: "' �� Borrower abandons the Ptoperty.ar dces not answer within 30 dnys a notice fcvm Lender that the iasurance cerrlar har, ;�;:�:,,�,,,-_______
<br /> .� f�,�. .. "''±�:�� offered to settle a claim.then I.ender may collect the insurance proceeds. C.ender may use the proceeds to repa!r or restore : �i {1� _-_
<br /> •� - ,,:,�., .:4 the Properry or ro pay sums securcd by this Securiry Instrument,whether or not then due. The 30-day period will begin when :''.;':�,,.s'°- ��Y.-.�
<br /> '`'� � the nodce ia given. .' � `..��,r,r. ��1�'
<br /> . Unlesa L.ender and Borrower othetwlse agree in writtn�,any application of proceeds ta princtpal shall not extend or ��'�.`.-_
<br /> �' , ..` . , • s ne tho duc date of the monthl a ments mferred to in arngraphs 1 and 2 or cha»ge thc umount of the payments, If �'1�",'�
<br /> � " �j under� ara h 21 the Pro R is a c uired b I.ender, Barmwe�!c rf ht to en insurance llcles and rocecds resuldn ;;';•"{"��`.. �`
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<br /> •''� fi+o m d a m a g e t o t h e P ro p e r t y p r i a r t o t h e a c q u f s i t i o n s h a l l p a x s t o L e n d e r t o t h e e x t e n t o f t h e s u m s s e c u re d b y t h l s S e c u ri ty , ;�;�.a�+i E��_-
<br /> �; � � Instrument immedfately pdor to the acquisttion. ' ' �:'"��•�"'--
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<br /> �'_ .• ' ' �� 6. Occupancy, Preservation, Maintenanc� and Protection of the PropertZi Borrower's Loan Applicadon; '. :,,�_...�,!
<br /> • •---.-_—=---__ I.P�aehntds. Rnrr�wer Rhall accupy.establish,end use the Propeny us Borrower!s principai residence wIthin slxty days efter ' ''''
<br /> � the execut[on of this Secudty Instrument and shali continue to occupy the Property as Borrowcr:s prtncipal residence for at - _� -
<br /> � least onc year after the date of occupancy. unless Lender othctwise ugrees In writing, which consent shall not be . -.rt4,�;"�:;R
<br /> ' �• ° unreasonably withheld.or unless extenuating circumstances exist which are beyond Borrawer's control. Horrower shall not � .; �, ,�, _
<br /> .' destroy.damage or impair the Property,allow the Property to deteriorate.or commit wnste on the Property. Borrower shall , • �.-�=::�;
<br /> be in default if any forFeiture actton or proceeding, whether clvil or crimtnal,is begun that in Lenderk good faith judgment `��`�:';"�
<br /> � cauld result in forfeiture of the Propeny or otherwise materialty impair the lien created by this Security Instrument or , '�=-�= _
<br /> � ' l.ender!s security interest. Boaower may cum guch a defauft and reinstate,as provided in paragraph l8,by causing the action ''�'.�":
<br /> , � • or proceeding to be dismissed with a rulin�that,in Lender,l•�ooci futth determination.precludes forfeiture of the Borrower�s
<br /> interest in the Propetty or other material lmpuirment af fhe lien creuted by this Securlry Instrument or Lenderk security .,� _
<br /> " • intec�est. Borrower shall alsu be tn default ff Borrower, dudng the loan applicatian process, guve materialty false or • -•�' -
<br /> „ � inaccurate information or statements to Lender(ar failed to provide Lender with any muterlAl information)in connection with �
<br /> „ . .
<br /> _ ' ` the loan evidenced by the Note. includin�.but not limited to, rcpmsentations conceming Borrower's occupancy of the �
<br /> �, Property as u pdncipal residence. Jf this Securtry lnstrument is on u leusehotd,Borrower shull comply wtth nll the provisions -
<br /> of the lease. If Borrower acquires fee title to the Property,thc lcasehold and thc fce title shaU not mer�e unless Lender ngrees ' '
<br /> to the merger in writing. �t� ��
<br /> 7. Protection oY I.ender's Righfs in the Property. If Borrower fails to perform the covenants und ugrecments .: ..�
<br /> contained in this Security Instrument.or there is u legul praceeding thut may significuntly affect [.ender�s r�ghts in the
<br /> ' .-----.-....'-. .......� Pm�wny(cnrh e�n prncPedino in fianknintcv.pmbate.for candemnution or forfciture or ro enforce luws or reRulations).then '''
<br /> Lendcr muy do nnd pay for whutever is�necessnry to protect thc vuluc of the Property und LcnderE righu in the Property. (�—�"`-'� t �
<br /> Lender:s nctions may include paying uny sums secured by u licn which hu+priority over this Security Instrument,appearing
<br /> ' in court,puying reasonable attomeys'fee� nnd entering on the Property to mukc repain.Although Lender may take action , ,,;
<br />_ '� under this purngraph 7.Lendcr dces not huve to do tio. ''-� �;
<br />•�'. . Any amounts disbuned by Lender under this puragruph 7 shull 6ecome udditionui debt of Borrower secured by thic .�• .4y
<br />�r• , Security Instrument. Unlexs Borrower und Lcndcr ugrec w othcr tcrms of puyment,thexe umount,shail bear interest From the ��
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<br /> � � datc of disbursement at the Nate�utc and xhall be payablc, with interest,upon noticc fram Lendcr to Borrower rcquexting • .y,�.:r�
<br /> puym8nt.Mortgage Insurance. If I.ender myuircd mortga�ec insurunce as a mndition of mnicing the loan secured by this ��°��
<br /> �� •� Security Instrument.Borrower shaU puy the premiums reyuimd to muintain the mort;uge insurance in effect. If, far any '
<br /> � , reason, the mortgage insurance covernge reyuimd by l.endcr lupse� or cei�•e. tn he in effi•ct. Rormwer shall pay the . „
<br /> „ premiums required ta obtnin covera�e substuntially equivulent to the mortguge insurunce prcviously in effect,at a cost i�
<br /> ' substantiAlly equivulent to the cost to Bormwer of thc mortgugr intiurancc prcviously in effcct, from an altcrnate mortguge .
<br /> � insurcr approvcd by Lcnder. If subtitantialty equivulent mortgugr inxun+nce covcruge ix not uvuilublc,Borrower shal!pay to � �
<br /> :, I.ender euch month n sum eyuul to one•t�velfth nf the yrarly rnortguge insurunce prcmium txing paid by Borrower when the -
<br /> - insurance coveragc lapsed or ceused to be in effect. Lcnder w ill uccept,u.e and retain the,r paymrm.u+a�luss reserve in lieu , .
<br /> „ • of mortgage insurance. Loss retiervc pay�nents may m�lon�er he rcquired, ut thc option of Lender, if mortgp�e insurance • '
<br /> covernge(in the umount and for thc pericxf ihut Lrnder rcyuire.)pn�vided by an in+ur�r appmved by Lendcr�guin becomes ,
<br />_ , ' nvAiluble und is obtuined.Borrower shall puy the prcmium.reyuircd to maintuin mort�age in.urunr¢in effect,or to provide n
<br /> ' �� loss mserve,until the requirement for mortgagr in.urunrc cnd,in urcordunrc with any written agrcemcnt between Barrower j '
<br /> • und Lender or applicuble law. �
<br /> � • 9. Inspection. Lcnder vr it�ngent muy mukc na+onuMr entric�upon and in�prrtion.of the P�vperty. Lcnder shall ,
<br /> � . give Borrower notice ut the timc of ur priar tn un intipertiun�,Excifying rcuwnuhlr rau+c for the in.pection. �
<br /> J �, , 10. Condemnatton. The procred+of any awurcl or rluim for damage�,dircrt ur cun.eyucntial,in ronnection with uny �
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