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<br /> -- _ _ _ =a� 9�'9�Ia�'75
<br />� periocix that i.ender rrcquirex. The insurance cnrtler providin�the in�urance shali be chosen by Borrower Rubject to i,ender� ____
<br /> approvni which shall nat be unreagonably withheld. lf Barro�•�r fAila to mi►intnin coverage descdbed abave,L.�ndcr may.ut ---
<br /> Lender�s option,obtoi�covemge to pratect Lender'�dghts in tl�c Property In uccordunce with pumgmph 7.
<br /> — � Ail insu�ance policies and renewnis shuii be acceptable to L.ender and shull include u stnndard mortgage clnuse. Lender
<br /> � ahall huvo the d�ht to hold the poltcies und renewAls. if Lender oequires.Baaawer shul!pmmptly give to Lender ull recetpts
<br /> - of peld premIums and cenewal notices. In the event af loss,Bonower shall give prompt natice to the inaumnce canter and
<br /> ', .�;- ,:�,;�s;� I.ender. Lender mny make proof of loss if not made promptly by Borrower. �
<br /> =Y Unleax Ixt�der snd Borrower otherwitie agrce in writing,insurance proceeds shult 6e upplied ro restoratton or repair of �_________
<br /> the Aropercy damaged. if the restoration or mpair is ecanomicully fea.gible nnd Lender'x ,ecudty is not lessened. If the
<br /> �,,�.,��. .h, :, restoration or repuir is nat�conomicnlly feasible or Lenderl�security would be lePtiened.the inaurance proceeds shall be _
<br /> �a„s;. r��� applled to the sums xecumd by this Security Insuument. whether ar not then due, with uny exc�ss paid to Borrower. If
<br /> �� ; r.;���:.,��•:r`� gorrowec ubandons the Property,or daex not anxwer within 30 duyh n notice fram L.ender thnt the inaurance carrier has
<br /> ,,�,r'•,•. •. : �
<br /> ,3,;�, ,�. t�� ,, oftcred to settle a claim,then Lender muy collect the insurance proceeds. Lender muy u�;e the pra:eeds to repalr or restore ----
<br /> ��:.�:���•• •- •�`• + the Property or tu pay sum�recured by this Security Instrument,whethec or aot then due. The 30�duy period wip begtn when —ry
<br /> •.:„� . . ' ,. . � the notice is giv�n. __ ,___ - _
<br /> Unless C,ender and Borrower otherwlse agree in wdting,uny nppltcation of proceeds to principal sh�ll not extend or � —��_
<br /> .. �:� ; „ postpone the due dutc of the monthly payments referred to in parngrnphs 1 und 2 or change the nmaunt of the payments. If �_ �
<br /> �.•. undar pnrngmph 21 the Property ts ecquired by Lender. Barmwer's right to any insurance policIes su�d proceeds resulting __-.-_____
<br /> �':: from darnnge to the Property prior to the ncquisitton shall puss to l.ender to the extent of the sums secured by this Securlty RC�FY/AT:i��
<br /> "". In�trument lmmediatcly prior ta the acquisittan. ` �`
<br /> . " 6. Oceupancy, Preservatton, Matntenance and Protectton of the Property; Barrower's Loan Applicatton; ��"�
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<br /> t •:•__ '. ._^ Leaseholds. Borrower shall occupy,establish,pnd use the Praperty ati Borrowerk principul residence within slxty dnys after ` "
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<br /> — .. the execution of chis Sccu�ity Iuai�u�ncui w�d,i�uU w,�iiuue t�.x.�uNy tiie ('ioF::t�xs BoiTO:�'-'b�.`f!n^�P��reai�iPnrP f�r at _��=a:.'i"� —
<br /> ` ` '� lea4t one year after the dute of occupancy, unless Lender othenvise ugrees in writing, whtch consent shall not be � ����_ ,-
<br /> �' � unreasonubly withheld,or unless extenuuting circumstnnces exist which are beyond Borrower?s control. Borrower shall not
<br /> desuoy,damage or impair the Property.allow the Property to deteriorate,or commit waste on the Property. Borrower shull ~` �_--
<br /> ' ^ be in default if uny forfeiture action ar proceeding,whether civil or criminul,is begun thut tn Lenders good faith judgment --
<br /> ' could result in forfeiture of the Property or athenvise moterialiy impuir thc licn created by this Secudty Instrument or ��
<br /> Lender?s securfty intemst. Bonower may cure such u default and reinstute,as provided in para�raph l8,by causin�the action
<br /> or proceeding to be dicmissed with u ruling that.in LenderE go�d fuith determinution,precludes forfeiture of the Borrower�s •
<br /> intcrest in the Property or other muteriul impairment of the licn c�+eated by this Secunty Instrument ar Lender's secudty
<br /> interest Borrawer shall also be in default if Borrower, durins the loun application process, gave materially false or • •,�G
<br /> � ,, inaccurate infotmation or stutemcnts ro Lender(or failed to provide Lender with uny mutcrinl tnformutton)In connecclon with • �` �'_
<br /> � the loan evidenced by the Note, includin�, but not limited to, representatians concerning Borrower� occupancy of the �•.-•��-
<br /> �Pe�l'��Fnncipa!msidence. If th'ss Sesurity ln�tn+m�nt i.�n a Ieuxehold.Barrower shall comply wtth all the provisions
<br /> of the lease. [f Borrower acquires fee title to the Property,the Icuschold And the fec title tihnll not merge unless Lender agrces ; " __
<br /> to the merger in wdting. =—__
<br /> . 7. Protectton af i.ender's Rights in the Property. If Hoaowcr fails to pertorm the covenunts and a�reements , -
<br /> . contained in this Security Instrument, or them is a legul prixecdinF thut muy signi�cundy nffect Lender's rights in the " •'"—
<br /> • Property(such us a praceeding in bnnkruptcy,probate,for condemnntion ar forfeiture or to enforee luws or re�utations),then -=—_
<br /> Lender muy do and pay for whutever is nece�sary to protect the value of the Property and Lender's righGs in the Property. ���_-
<br /> ' Lendert uctions may include paying nny xums secured by u lien which hus priority over this Security Instrument,appearing ' ���
<br /> in coutt,paying rcasonable uttorncys'fees und entering on the Property ta makc rcpuin. Althou�h Lender may take uction
<br /> " under this uaragruph 7,Lender dceti not huve to do xn. �J`—
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<br /> Any umounts disbuncd hy Lcnder under this par.igraph 7 rh:�ll becomc additional debt of Barrower secured by this ���
<br /> Security Instrument. Unlexs Borrowcr und LcnJer agrce t<�other temiti of puyment,thexe umounn tihall bcar interrst from the "�s'�
<br /> date of disbunement ut thc Notc rute and shull lx puyablc,�vith interc�t, u�x+n noticc from l.endcr to Bortower reyuesting -�'—
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<br /> � payment. �''�=-:
<br /> " S. Mortgagc Insurance. If Lrndcr nyuircd mi�rt�ugc in+uruncc u,a rcmdition of making thc loan sccured by this . +�.��_;
<br /> Security Instrument, Barcower sholl ptry thr prcrniums rcyuircd to muintain the mortg:►gc in�ur.mce in effect. If,for any :y �°-
<br /> reaxon, the mortguge insursnc� coeerage reyuircd by [.ender lap,r. or reaze+ t<► he in effect, Borrower xh�ill pay the �,.x_�
<br /> - ' premiums mquimd to obcuin coverage .ub.tautiutly �y«i��aleni t�� the mcsn�:age insurance pmeic�usly in effect, at a cost 11-- -
<br /> substantinity eyuivulent to the coxt to Borrower��f the mangagr imuranrc prcviou�ly in rffcct,from an alternate mortgage • �.'
<br /> . insurer approvcd by Lcndcr. If.ubscuntially cyuivalrnt mortgu�c inwr:+nre cuvrr,�gc i�not uvailablc.Borrowcr tihull pay to - ,�
<br /> Lender each rnanth u sum equal to anc-twclflh ot�hr yr:►rly murtgagr in+ur:,nrr prcmium hcing p:+id by Borrowcr when the �
<br /> '. insurunce covernge lapxed or ceused to lx in effect. Lrnd�r will acrept.u+r.+nd retain thc�c paymrnt+u+u lox,re.erve in lieu -: �
<br /> of mortgugc insurancc. Los�rc,crvc payirnnt� m:iy nn lungcr Ix nyuind,at thc uption of Lcndrr, if mortgugc insursutcc . ,
<br /> coveruge(in the amount and fi�r the prri��d that Lrndrr rrquin.)pnn�iJed hy an in,urer;ippruvrd by Lender aguin becomes
<br /> nvailable and i,nbtained.Bom�wer+hail pay thr pmmium.myuircd tu maintain nwrtgage in.urimre in effcct,or to provide a -
<br /> lo�z re�erve,until the rcyuirement for manguge in.urance end,in acrurd:nur w ith any��•ritten agnrntrnt tx�tween Borrower
<br /> and Lcndcr nr applirable law.
<br /> 9. Inspection. Lendcr ur it+agrnt may mal�r rca.unahlc cntrirti u��m and impectiun.ul'the Propeny. Lrndcr tihall
<br /> . givc Horcowcr noticc ait thc limc of ur prior tu un in.�xrtiou,�xrit)•ing rca,unahlr cau..tiir thc in+prction.
<br /> 10. Cundemnation. Thr pnxccdti of any:+��•ctrd ur rl;i�m ti�r dum:igr..direct or c�m�ryurntial,in comicrti�m with s�ny
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