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<br />- - ,� periods that Lendcr rcquires. 'Ihe insurnnce carrier prc�viding th�insurancc shull be chosen by Borrowar subJect to Lenderb
<br /> - appro��al which shull not 6e unreaxonubly withhcid. If Boaower falla to mnIntuin covarage descdbed abpve.l.ender mny.at
<br /> T.ender'a optton.obtaln coverage 6o protect Lender's rlghts in the Ptoperty 1n sccordance w�th naraBraph 7..
<br /> - - --_= All inaurance policies und reaewals shall ba ncceptnble to Lender and shall include a standard mortgaga clause. Lender
<br /> " shall hsve the dght to hold the pollctes and renewals. If L.ender r�equires.Borrower shall promptly�ive ro Lcnder all recet�sta
<br /> ` of paid premiums and renewal noticea. In the event of iosa.Horrower shall gIve prompt notica to the insu�nce catrier and
<br /> .' . Lender. l.ender may make proof af lo�s if not mude promptly by Borrower.
<br /> , Unlesa Lender and Borrower otherwisu agree in writtng,inxurancc proceeds shal!be nppifed ta restorstlon or repair of �- -- -- -
<br /> � the P�roperty damaged. If the reatoration or repair ls economlcc�lly feasible and L.enderb securlty is not lessened. IP ths
<br /> ,�i mstolation or repaIr is not economically feasible or Lender�a security would be lessened, the insurancs praceeda shall be
<br /> x w applted to the suma secured by thts Security Inatrument,whether or not then due,with any excess paid to Borrower. If
<br /> l��i�� � Bomnwer abandons the Property.or does not answer withIn 30 days a nodce from i.ender that the insurance carrter has
<br /> ��''f•' `1�;;; offered to settle a claim,then Lender may collect the insurance proceeda. Lender may ase the proceeds to repair or restore ---
<br /> �"�=��,� tho Pn or to a sums se�:ured b this Secudt Instrument,whether or nat then due. The 30�da dod wIll be in when --
<br /> :�';}�:, ....:•, p�rt3' P Y Y Y Y Pe 8 — -
<br /> . . w C.Jra�I%`,`-*�n7"�� the notIce is given. _ -. . .-- - ----
<br /> • _ ';:�;�� �t Untess L.ender and Borrower otherwise agree ln writinR.anY applicadon of proceeds to princlpal shall not extend or _ _
<br /> „ ���:,`�•� ;;: •.• :s" postpane the due date of the monthty payments c�ferned to in paragrapha 1 and 2 or change the amount of the puyments. !f =_ - --
<br /> / •.: under paragraph 21 the Property is acquired by Lender. Borrower�s right to any irisurance policIes ctnd proceedR resultfng ='="
<br /> �.r��. �� from damage to the Property prtor to the acquisition shafl pass to Lender to the extent of the sums secured by thls 5ecuriry �1�'
<br /> ' '�,..�`' InstrumentimmediatelypdortotheacqufsItlon. F�4��°`
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<br /> • 6. Occupancy, Preservation, Meintenance and Protection of the Property; Borrower's Loan Appfication; _'._.��
<br /> � ' ' I.easeholds. Borrower shall occupy.establish,and use the Property as Borrower's prfncIpal residence within alxty days after r`-'•°° _
<br /> . .4.... . ... ... ��m��..__
<br /> �� the execution of this Securi Instrument and shaU wntinue to o�cu the Pro n as Borrower's rEncf al resIdence for at � t`a°--�' �
<br /> . '�' •_.. ". t3' PY Pe Y P P `.�.�ts.;_-
<br /> � � '. least one year after the date of occupancy. unless Lender otherwise agrees in wriGng. whic6 cunsent shnll nnt be �;�.:_.: --
<br /> . :"s''::`-°-
<br /> ,�.. unreasonably withheld,or unless extenuating circumstances exist whjch am beyond Borrower�s control. Borrower shall not „�,-
<br /> , , destroy,damage or impnir the Property,allow the Property to deteriarate,or commit waste on the Property. 9orrower shall `, ,� ..
<br /> • � be in default if any forFeiture action or proceeding. whether c1vi1 or criminal.is begun that In Lender!�goal faith judgment ':_.•,��+';;
<br /> could result in forfeiture of the Property ar atherwise materially impair the lien created by this Security Instrument or � -. _
<br /> •• • � • Lenderk security interest. Borrower may cure such a default and reinstate.av pravided in paragraph 18,by causing the action °�>>°.��.••',�
<br /> ' or proceeding to be dismissed with a rulin�that,in Lender!s good faith determfnation,precludes forfeiture of the Borcower�s �� 4r' ,:''
<br /> , interest in the Property or other material impairment of the lien created by this Security Instrument or Lender's secudty
<br /> " interesG Borrower shull also be in default if Borrower, during the loan application process, gavc matedally false or �` ,��-
<br /> ; inaccurate infannation or stataments to Lender(or failed to provjde Lender with nny materinl information)in connection with . �°
<br /> � „ „ the loan evtdenced by the Note, Including, but not limited to. representations conceming Borrower's occupancy of the � "-r�
<br /> Property as a pr�nctpa!msidence. If this Security Instrument i�on a lea�h�ld,H�tt�wPr chnll comply with all the provicions
<br /> . _ --,_
<br /> of ihe lease. If Bonower acquires fee title to the Property,the lcuscho(d und the fee tide shall not merge anless Lender asrees " _-
<br /> • y •� to the merger in writin�. ' -
<br /> � 7. Protection of I.ender•s Rights in the Property. If Borrower fuils to perform the covenants and agreements � - �
<br /> . contained in this Secudty Jnstrument,or there is u legul proceeding that may sjgni�cantly nffect L.endert rights in the '
<br /> Property(such as u pruceeding in bankruptcy,prabute,for condemnntion or forfeiture or to enforce laws or regulations),then �_
<br /> Lender muy do und pay for whatever is neces�ary to protect the value of the Pcoperty nnd Lender's rights tn the Property. �--
<br /> Lender's nettons mny include paying uny sumti secured by u lien which hus prioriry over this Securiry Instrurnent,appearin� ��_'�
<br /> . , ° in court,puying reusonable attorneys'feez and entering on the Prcpcny to muke repairs.Although Lender rnay take action " ;.�
<br /> �� under this pamgruph 7.Lender dces not havc ta do so. if_�::..
<br /> " My amounts disbuned by l.ender under thiti purugraph 7 shall become additional debt of Borrower secured by this •
<br /> � Security lnstrument. Unless Borrower and Lcndcr agrcc to othcr tertns of pnyment,thesc umounts shull bear interest from the ,���
<br /> � dute of disbursement at the Note rate nnd .hull be pay�ble, with intercst,upon notice from l.endcr to Borrower requesting �� ,.�,�;.�„
<br /> payment. , �`'��'—�
<br /> ' 8. Mortgage Insurance. !f Lender rcyuired mortguge insurancc a�a condition of making the loan secured by this ''��-
<br /> � Security Instrument,Borrower shall puy the premiumti reyuired to maintain the mortgage insurance in effect. [f,for any • "
<br /> c+eason, the mortgagc insurunce covcrnge rcyuired by Lender lapus or cca,es to be in effcrt, Borrower shaU pay the - '."' .
<br /> pmmiums mquired to obtain coveruge sub�tantiully eyuivulent to the mortg:►ge insurance prcviously in effect, ut a cost .
<br /> � „ substantially equivalent ro the cost to Borrower of tln mortguge insurance prcviously in effect, from an ultemate mortgage
<br /> insurer approved by Lender. If substantiaUy equivalent mortgagc in�uranre covera�c i.not avui(able,Bnrrower shall pay to , �;;,
<br /> � Lende�each month a sum equul to one•twelfth of the yrurly murtEuge in�urance prcmium Ixing paid by Borrower when the ,
<br /> " insurance coverage laptied or ceased to be in effect. Lcnder will accept.utic and retain these paymentti us a lotiz reserve in lieu
<br /> , � of mortga�e in,urance. Loss reserve payment�may no I�mger he rcyuircd, at the option of Lendcr, if mong�ge insurance '
<br /> . coverage(in the nmount and for the period that Lcnder reyuiRti> pmvidcd by an insurcr approvrd by Lender a�ain becume.
<br /> availuble und is abtained.Borrower sh•rll pay thc pmmium,rcyui red to m�intain mon�a�r in,urance in effect.or to providc u
<br /> �• • loss reserve.until the reyuircment for mortguge in.uruncr end.in accorSance with any written agreement t+etween Borrower
<br /> � und Lender or applicable lsw.
<br /> 9. I�spection. Lcnder or it�agent may makc rra,onaMr entrics u�x,n:u�d in.prrtions of thc Property. I..endcr shal!
<br /> give Bortower notice ut the time of or pricir to un in.pertion.pecifyin�rea+onaMe cau,e tor the intipection.
<br /> , � 10. Condemnation. The prmeeJ.af any awurd��r rlaim ti�r dumage.,dircct��r ron+cyuential,in connertion with any
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