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<br /> '� perIoM that Lender rey�aireF. Tt�e insurance cazrIer pmviding the insurnnce shull be chase�by Horrower subject to l,ender�
<br /> approvul which ahnll not be unteasonubly withheld. If B�nrower fuil�to maintain coverage described sbove.Lcmder may.at
<br /> • Lendert�aptlan.obtufn coverngc to protect Leader�rightti in the Property in acc�rdunce with paragraph 7.
<br /> All inaurnnce policiea wnd renewuls shail be ucceptnble to l.ender and shall Include a standnrd mortgage clause. Lender ---
<br /> ,�„s�,; shall have the dght to hold the policiea und renewols. If l.ender requirca,Dc�crowcr shall prnmptly give to Lender nll receipta
<br /> �' ;��:r,:._..�. ..,. • of paid premlums und renewnt noticcs. In the event of tass,Barrower shall gtve prompt natice to the lnsurance carrier and
<br /> . • " ' Lertder. Lender may mnko proof of tosa if not muda pmmpdy by Borrower. ` � �
<br /> " �,�..,�., ..i,.�, � Unless I.ender and Borrower otherwIse agres in wrldng,insurattce proceeds ahull be applted to restoration or repair of
<br /> the property damoged. if the restorntion or repair is economiatqy feus{ble and l.ender� securIty is not lessened. If th�
<br /> _ ' . •�:�t"•`': ,, ` �.����� restoratian or repair is not econamicnUy feasible or(xnderk secudty would be lessened. the insurance proceeds shnl!br;
<br /> , ,-, �. ,� : •°s applied to the sums secured by this Security I�saument,whethe�or nat then due.wlth cu►y excess paid to Borrower. Ii
<br /> �� �• • � Borrower abandons the Property,or daes not answer within 30 days a notice from Lxnder that the insurance cutrrier has
<br /> �'•'� '`� '" ' • � offered to settie a claim,then Lender mny collect th$tnsurance proceedx. [.ender may use the proceeds to repair or restore
<br /> ,�,..: :. .; �, the Propecty or to pay aurru serured by this Securlty Instrument,whether or not then due. The 30-day perlod will be�in when °� _ -
<br /> . .r, the noticc is given.
<br /> � " � Unles.g Lender and Borrower otherwise agree in writln�,any appltcation o f pmcec ds to princ ip a l sfiall not extend or
<br /> �J : ' " , , postpone the due date af the monthly paymcnts refer�ed to in purugrnphs 1 and 2 or change the amount of the payments. If --- — —
<br /> � � under paragraph 21 the Property!s acquired by Lender, Borrowers right to ar►y insurance policles s�nd proceeds resulung o
<br /> � .. , from damage to the Property prlor ta the acquisition shnll pass to Lender to the extent of the sums secured by this Securiry = _ -
<br /> Instrument Immediately prior to the acguisitfon. �'"--
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<br /> - ,. -- �--,- o. t}ccupa�cy, Pres2rr�at3ut�. ;�iafntenaacc aat! Prnlerllost cs! !he Pro=serty; !3�xrower's !�an AprUoatinn; — -� --- -
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<br /> ' Leaseholds. Borrower s6a11 occupy,estnblish,and use the Pmperry as Barrower's princlpal residence within sixry days after ��v:'.
<br /> � the executton of this Secudt Insuument und shaU continue to occu the Pro rt us Borrower�s rinci al msidence for at �-��+��,,.
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<br /> ° ' least one yenr after the date of occupancy, unless Lender otherwixe ugrees in writing, which consent shall not be ��� � _
<br /> � " unreasonably withheld, or unless extenuudng circumstunces exist which are beyond Borrower's control. Borrower shall not ��-
<br /> �� destroy.damage or impair the Propecty.allow the Property to aetcriorate,ar commit waste on the Property. Borrower shall �� ��-
<br /> " be in default if any forfeirore action or proceeding,whether civil or crimival,is be�un that!n Lender:s good faith judgment � ���'i'�'
<br /> ' ° " ' could result in forfeiture of the Property or otherwise mnterially impair the lien created by this Secur�ty Instrument ar --- �_�
<br /> �� I,ender�security interest. Borrower may curc such a default.:nu reinstute,us provided in paragraph 18,by causing the actton • .. : ��r
<br /> . or procecding to be dismissed with u rulin�thut,in Lender's good fuith determination.predudes forfeiture of the Borrawert .. _�:�---°
<br /> ' intemst in the Property or other materiul impuirment of the lien creuted by this Security instrument or I.ender'.s security . • • _
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<br />`� interest. Borrower shall also be in detault it Horrower, during the toan upplicution pracess, guve muterially false ar '� .,�--
<br /> , �_..�� ' inaccurnte fnfoanntton or statements to Lender(or fuiled to provide Lender with nny material information)in connection with � :..... " ` �
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<br /> - . the ioan evidcnccd by ti� �ivte. ieciuding,but n.�t limitcd to. rcprescoiatioa�ronccmiag Sn�ower: accupancy of the .�"'•
<br /> Property as a principal residence. If this Security[nstrument is on a leasehold,Borrower shall comply wIth all the provislons
<br /> of the lease. If Aorrower acquires fee title to the Property,the Icatiehold and the fce title shull nnt merge unlesc I.ender ugrees
<br /> �, to the merger in writing. ; ••
<br /> 7. Protectton of I.ender's Rights in the Property. If Borrower fuils to perform the covenants und ugreements : „
<br /> contained in this Security In+trument, ar there is u legal procecding thut muy significc+ntly affect Lender!s right. in the .
<br /> Property(such as a proceeding in bunkruptcy,probute,for condemnation or forfeitum or to enforce laws or regulations),then , w� � ,
<br /> Lender may do and puy for whutever is necessary to protect the value of the Property and Lender's rights in the Property. •• ,
<br />_ Lender's uctions may include puying uny sums secured by a lien which hu.ti priority over this Security Instrument,appearing • ' �
<br /> � in court,payin�reasonuble ut�orneyx'lecs and cntering on the Property to makr ropain. Ahhough Lendcr muy take action ..;'
<br /> • under this parugrnph 7.Lender does not huve[o do so. `,�,
<br /> +�. Any amounts di,buned by Lender undcr thix paragruph 7 ,hull hccome additionul dcbt of Borrawcr secured by this „� }�...�
<br /> Security Instrument. Unlexs Bormwrr und l.ender u€ree ta uthcr temix c�f payment,thc;c amuunts shuU bcur interest from the !�
<br /> {� date of disbursement nt thc Note rutc und shatl bc payuble,with intcrcxt, upon noticc fram Lender to Barrower requesting .'�il�';��
<br /> payment. �:'�`'/���
<br /> �, ' S. Mortgage In�curanee. If Lender rcquired mortguge insurance a�a condition of m•rking the loan securcd by this y„/ ,,.
<br /> ' " Security lnstrument, Borrower shait pay tiir prewiau, �cyuircd to ivaintain tfic martgaFc insurance in effect. If,for any -�•° - -� -
<br /> ' ' reation, thc mortguge insurarke cove�uge rcyuimd hy Lender lapre�. or ce��cs to lx in cffcet, Borrowcr shall pay the , .
<br /> ... "' premiums mquired to obtuin coveruge +ubstantiully equivalcnt to thc murtgagc insuruncc previou�ly in effect, nt u cost -
<br /> substantinlly cquivalent tu the cost to Borrowcr�>f the mortgxgc in.uruncr prcviou,ly in cffe�t, from an ultemate mortgage •
<br /> in�urer approved by Lendcr. ]f substantiully cquivalent mongugr in.urance cnvcr•rgc i,nut av;►iluble,BoROwer shall pay to ,
<br /> Lender ench month a sum cyuul to onc-twclflh of thc ycurly mortg�+gc in+urancr prcmium tking paid by Borrower when the ,
<br /> inxurance coveruge lupsed or ceu+ed to lx in effect. Lendrr will arcept.u.c und relain the.r paymentx;�s a locx re�erve in lieu
<br /> � of mortgage insurunce. Los,rezerve puyments muy no IonEer lx rcyuired,at the option oT Lender,if mortguge insurunce ,
<br /> coverage(in the amount and for the pericxi thut Lendcr rryuirc+►proviJed hy an imurer approvrJ by Lrndrr again becomes "'
<br /> . uvailablc and is obtained.Borrower.hall pay thc premiunu rcyuired tu maintain mc�rt�ugc inwruncc in effcct,or to providc a
<br /> , loss rcservc,until thc requircment for m��rtg.igc inwr:�ncr r.nd�in accordancc with any wrinen ugncmcnt tktween Borrower
<br /> � and Lendcr ar applicablc law. •
<br />'�� 9. Inspection. Lcnder or itx agent may mahc rcu�onuhlc cntrie+upon and inti�xctiun+of thc Property. Lcnder tihatl
<br /> .� give Borrower notice ut Ihe timr af ur pri��r tn un in+sxction tipecifying mationaNle cautie ti�r the intiEkrtion.
<br /> � I0. Condemnation. 7he prcxrrJ.uf any�wurJ or rluim ti�r daunagr+,dirert ur ronsrqurntial,in ronnerti�m with am•
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