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<br /> � � tar tho�arlods that Lendar cequfree. The lnat+rance cerde�ptovidinj the tnaurence�tu11 be choun by Borrower iub�ect to , f ���� �_ _
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<br /> , � i�nder s cpprovnt ti�lhich ehnll not be unren�sannbly withheld.If Borrower t�it�to mainuln covange descrlbed�bove,Lender � ��_ ,
<br /> • ° ° ' m�y.�t I.ender'�opUon,obt�in oovenae to protect Lender't d=fiu in the PropeRy 1n�tewrdance with par��nph 7. ___�_.
<br /> ' All insunnce polteia u�d ronaw�l��hail be uaplable to Lender and�lull include a sWidud mort���e ci�use,Lender ��� � -.__�_
<br />— � shtll h�ve the N�ht to hold ehe poActes md tenew�te.It Lender requina.8orrower sh�Il Pcomptly glve to i.ender all recetpts ° `"
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<br /> , of pHd premlums and ranewei a�ttces.In ehe avent of loss.8orrower shal 4ive prompt notke to the Inturance caaler utd �� -�•���_
<br /> • Lander. Lender moy make praof o!losa if nat made promptly by Borrower• ° _
<br /> U�Ieaa L,ender.ud Borrower othecwtae�gree ln writing�inaur�noe praceeds ah�ll be applted to n�tondon ot rcpair , _
<br /> . „ of tha Property d�uged.if the reatonQon or repatr ls economicafly feufble�nd Leader•e eecurtty ie not leesened. If the . �
<br /> • , restoraUon or repair ie not e�onomically fasible or Lsnder's eecudty woutd be leaaeued.the inauru►a procada shali be ..
<br /> � applied to the sums sahued by this Sxurity Inatn�ment�whether or not lhen due�wIth�ny ezceas paid to 8onower.If Sorrower . � �
<br /> ab�rtdons tha Property�or doea not enswer wtthin 30 days�notice from Lertder that the insurence catrlar'has oftered to
<br /> /j settle a claim.ehen Lender may wllect the inaurance procada.Lendec etuy uae the proceeds to repair or reaton the Property �
<br /> ' ' ,. • , or to pay aums aecvred by this 5ecurity Instrument.whether or not then due.The 30-day pedod wW begin when the notice . �
<br /> � is given.
<br /> : ; � Unless Lender end Borrower otherwise agrea in wrlttng, any s�pplication o!proaseds to princtpal shali eot eatend ,. .
<br /> . . ,. . . . .. .. .._ or postpona tlte due date of the moethty payments referred to in paragraphs 1�nd 2 or change the�mount of the payments.
<br /> � „ If under paragraph 21 the Property Is acqWred by Lender.Borrower'e rigAt to any inautance policiea end pro�aia r«,uitiog . �. °._--=•�.` °- -
<br /> irom damage to the Property prlor to the acquisitlon ahell pass to Lender to the extent of the sums secured by this Secudty i � �
<br /> Instrument immediately prtor to the acqutsition. I �
<br /> 6. Occupancy, Preservation,Mafatenance and ProtecQon of the Fropedy; Borrower•s Loan Appiicationi • .
<br /> I�easeholds. Bonower shatt occupy,establtsh.and use tha Pcoperty as 8enower's principal restdence within sixty days � ,
<br /> after the execudon of thia 3ecudty Inauument and shall continue to occupy th�P�operty as BoROwer•a pr�nclpat residence ;
<br /> ,� � � !or at leaat one year aRer the dete of occupency.unless Lender otherwlse agrees ln wrlting�which eonsent shalt not be �, <
<br /> . unreasonably wlthheld,or unleas extenuatiog circumstances estet which are beyoad Soaower•s conuol.Borrower ehall not . ,
<br /> destroy,demage or lmpafr the Propetty,ellow the Property to deterlorate,or commit waste on the Proparty.8orrower ahaq i ",...r=
<br /> be in default if any fodeiture action or praceeding.whether etvll or crlminal�ls begun thnt in Lender's good faith f udgment �
<br /> could resutt 1n forfeitun of the Property or otherwIse matedaily impair the liea created by lhis Security Instn�ment or I.ender's � f;.�d.`�
<br /> � aecurity interest. 8orcower may cure auch a default and ninstate�as provided in paragraph 18,by causing the accion or ; - -- , .;
<br /> proceedtng to be dismissed with a ruting that.in Lender's good faith determinatton.precludes forfeftun of the Borrower's ;
<br /> inurest in the Property or other matedal impairment of the lien created by this Secudty lnstrument or Lender's aecurIty � � �
<br /> interest,Borrower shall alsobe in default if Borrower�during the loan application proceas,gave materially false or inaccurate • �.
<br /> informatton or statements to L.ender(or failed to provlde Lertder with any matedal informadon)in connection with the loan '� ,a �
<br /> evtd�enced by ehe Note, including,but not limited to,reprrsentations concerning Borrowar's occupancy of the Property as ,
<br /> s pdncipal resIdence.lf this Security Inetrument is on a leasehold,Borrower shali comply wlth e31 the provlsions of the lease. � �. ; . '
<br /> . ' If Bonower acquires fee dQe to the Property,the leasehold and the fu tide ahall not merge unless Lender agrees to the , • ��
<br /> merger in writing. '
<br /> 7. Protection ot Lende�'s Rights in ttte Peoperty. If Borrower feils to pedorm the coveeunts�nd agrcements �,--�` .�
<br /> . contained In thta Securlty Inatrument,or there Is a legal procading that mey significaedy offect Lender's rights in the Property y
<br /> (such es a procecding in bankruptcy.probate.for condemnatton or forfelture or to enforee laws or reguiations),then Lender � • ��
<br /> � mey do and pay for whauver is necessery to protect the vatue ot the Property artd Lender's rtghta in the Property.Lender's � �_;��
<br /> � actIona may lnclude paytng ar.y sums aecured by a lien whtch has prlority over this SecurIty Instrument,eppeari�g in court, ' �
<br /> • paying reasonable attorneya' fees and entering on the Property to make repairs.Aithough I.ender may take action under . ,, '
<br /> this paragraph 7�Lender do�s not have to do so. '
<br /> Any amonnts dlsbursed by Lender under this paragraph� shati become additionei debt of Bonower secured by this
<br /> Sceurfty Inatrument.Unless Borcower and Lender agree to othec terms of payment.these amounts shell bear{nterest from -
<br /> the date otdisbursement nt the Note rate and shaU be payabJe,with interest,upon notice from Lender to Bonower requesting •
<br /> payment. ,
<br /> 8. Mortgage Insurance. If Lender required mortgage insurence as a condition of making the loan secured by this
<br /> •� Securlty Tnatniment, B�rrower ahall pay the prcmiums required to malntain the mortgage insurance in effect. If,for any
<br /> reason,the mongage insurance coverage required by Lander lapses or ceases to be in effect.Bonower�shall pay the premiums
<br /> required to obtain coverage substantielly equivalent to the mo�tgege inaurance previously in effect, at a coat substantially
<br /> equtvalent to the cost to Borrower of the moRgage insutance prev{ousiy in effect.from an etternate mortgage insurer approved
<br /> by L.ender.If substantially equivalent mortgage insurance coverage!a not available,Borrower shal!pay to Lender each month
<br /> a sum equal to one-twelfth of the yearly mortgage insurance pnmium being paid by Borrower when the tnsurance coverage
<br /> . lapsed or ceased to be :n effect. Lender wtll accept,use and retain these payments as a loss teserve in ltau of mortgage
<br /> insurance.Loss reserve payments may no longer be required.at the option of Lender.if moctgege insurance coverage (in
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