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<br /> __..a,_-•:-� perlod.4 tl�at l.ender requlres. 'tlie ins�rance cnrrter provIding tho insuronce Rhnll be chosen by 8orrawer subject to i.enderk �--
<br /> � � npproval v�rikh ehuli not be unreasonnbly v►�ithheld. If Borrnwer faila ta mnintaln covemge descdbed nbove,Lender may.ut
<br /> -�'.?�',:;:`:�" :
<br /> —___� �� Lender's aptlon.abtAin coverage to protcct Lender'�rightR in the Property ln uccardance viith paragraph 7.
<br /> �-;�=v+��,+4,;,�; All insurcir�ca pu1lcfe»wed rene►w�ta eha8 ba uccepmble tn t.ettdct uttd sfiatf include a startciad mutt&age clause. Lender � -
<br /> =$'"'''����.""�'�"'•� shall have thc right to hold thc policles und renewnls. If Lender recjuires,Bamower shall promptly sive ta l.ender all recelpts
<br /> �°"���--�=-�-''�!�^'�.'�" • of puId premiuma nnd c�enewul notices. ln thc event af loss,8orrower shull gi��@ prampt nottce a the inaurance cartier and -
<br /> "��•n": , Lender. [xnder muy ntuke prnof af loss If not m�rde promptly by Barmwer. �,,.,,____
<br /> � Unlcss Lender and 8or�ower othenyise ugree in�srrlting.insurance pracceds shalt h�applled to mstoratIon or mpaIr of �:_"_.. - -
<br /> '�'`":r:.-,';.:•,``-:;�•i:r( : —��:'`_--
<br /> - the Praperty dstmaged, if the restorndon or repair is econom�cully feasible und Lenderk security is not leasened. If the _
<br /> � � � �'� restoradon ot repair is not ecunomically feasible or Lender's securlty would be lessened,the in�ucance proceeds shall be ���°�° -
<br /> . _�w�,__.�-__-
<br /> '� ' - ---� apglted to the sums secored by thls Secu�Ity Instn�ment,whether or not then due,with any eacPSa paid to Bomower. If �?�`''��
<br /> . . —•
<br /> &►rrower abandons the or does not anawer within 30 da s a notice from i,ender thet the insuronce carrier hue —�
<br /> ProPcrt�+• y :,`_=°--
<br /> offered to settte a claim.then Lender may collect tho insurance pnoceeds. L.ender mny use the proceeds to repair or restot+e • ..x�r:_
<br /> � the Property or to pay s�uns secured by thls Secudty Inatrumen�whether or nat then due. The 3Mlay perlod wlll begin when -'�=--
<br /> the not�ce is given. •�f�� -°
<br /> � • Unless Lender artd Hvn�nv+rer otQr.�rwise A "�Yi� --
<br /> gree in writing,nny applicution of prnceeds to princlpai shall not extend ox " f•�'°--
<br /> r._:
<br /> • postpone the due date of the mta+ntAlY�+aym�nts referred to in paragaphs I And 2 or chan,�e tL�e amount of the paymeacs. ➢f *�°'��,.�..=__
<br /> under paragraph 21 tMe Ptpperty is aca�uined by Lender. Borrower�right to ur►y insuran:ce pciticies And p�roceeds reseaiticzg 4' '_ :--.
<br /> • from damage to the Prop�Ky prior to t�te acquisbAion shall pass to I.ender to the exr,e�t of the sums secu�d by this Secueiiy '••' ��`'°�'-�-�
<br /> .-`�-
<br /> Insttument immediately prior to the accyuisiceon. i ���
<br /> 6. �ceepnrtn�, IPm¢srewation, M�4eo� amd Protection of the Property; ��rrmver's II.o�un A�pl�ca46m�n; '`�""�6
<br /> I.easeB�Gds. �orrowe�sQ�all occupy,establosh,ae�d use the Property as Borrower's principal residence within sixry days at4ez _
<br /> the executi�n of this Securiiy Lnswm�nt a�ed shall cvneinue to occupy the Property as Boxmwerr�prirtcipal residence gor at ' ' j-''�--
<br /> least one year after the date of ocempancy, wntess Lender othernise agrees in writing, which cons¢nt s1'eall rtot Gse �; �"'--
<br /> �`�-
<br /> , ��•,-
<br /> ', anmasonably withheld,or unless extemaati�ng cie+�umsQances exist which are beyond Borrowea'�mntrol. Borrower sha11 aot � , .�..
<br /> -;`.':' destroy,damage or impair the Frope�,a@�w tEne Pru�erty to deteriorsite,or commit waste on the Proper¢y_ �orrower shail . � � ..;�,,..:. •'�'?'.��
<br /> •:,�:'�';!��' be in default if any forfeiture action o�r proeeeding,whether civil or criminal,is begun that in L.ender�good faitt�judgment ' _"
<br /> ..lt:L>,S. . I' . . . ,!i•„�.
<br /> _,�,.;�¢,;. could result in forfeiturc of the Ptopen� or otherwise materiaUy impair the lien created b�r this Security Insuument �r ,
<br /> • "�`'�°� Lender's security interest. Borrow•er�aa�cure such a default and reinstate,as provided in pa�ra�r.aph 18,by causing the action ,'r�
<br /> :� or proceeding to be dismissed with a ruling that,in I.ender's good faith determination,prec!¢des forfeiture of the Borrower�s . ' . ��.�"
<br /> interest in tl�e Hvperty ar other material impairment of the lien created by th�s Secunty lnswment or L.ender's secunty � •s`;'���_
<br /> " interes� Borrower shal! also be in default if Borrower, during the loan appiication process, guve materially false or ``�
<br /> � � inaccuiate information or statements to Lender(or failed to provide I.ender with any material infamation)in connection with . '
<br /> ,.
<br /> ". , „ the loan evidenced by the Note, including. but not limited to, repr+esentations concemir� Barower's occupancy of the "��
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<br /> __�.___.___ Property as a principal residence. If this Security Instrument is on a leusehold,Borrower s[tal)comply with all the provisions __, <<:;;.� _ _.
<br /> . of the lease. If Borrower acquires fec title to the Property,the leasehold and the fee title shall not merge unless I.ender agrees ��' '
<br /> ' ' � � to thc merger in wrltin�. . .'� j;,_'�'
<br /> � � ' • ��:. 7. ProtectIon of I.ender's Rights in the PPOperty. If Borrower fails to perform the covenants and agreements � �;
<br /> contained in this Securiry lnstrument, or there is u legul proceeding that may significantly a(fect I.ender\ rights in the � �;��:��;: .
<br /> Propeay(such as a proce,eding in bankcuptcy,probate,for condemnation or forfeiture or ta enforce laws or reguiations),then ",. "' • ;;;���
<br /> • . L.ender may do and pay for whatever is necessary to protect the vnlue of the Property and Lender:s rights in the P[operty. ,
<br /> I.ender's actions may include paying nny cums secured by u lien which has priority over this Security Instrument,appearing ,�,�"
<br /> � ' in court,paying reu�on�hle attomeys'fces and entcring on the Property to make repain. Although Lender may take action ��
<br /> under this paragraph 7,Lendcr dces not huve to do so. ' . , � :t,
<br /> Any amounts disbursed by Lender under this plragraph 7 shull become udditiannl debt of Borrower tiecured by this
<br /> �„
<br /> ' ';••�, Security Instrument. Unless Borrower s+nd Lender a�ree to other trrms of puyment,these amounts shail bear interest frorn the ' , .�,
<br /> ;ti��.:',, date of disbursement ut the Notc rate a���d shall he payable,with interest,upon notice fmm Lender to Borrower requesting � . �� ?;;YJ�j�
<br /> ��y,: paymcnt. .�
<br /> • 8. Mortgage Insurance. [f Lender requi�cd mortp.age insurance as a rnndition of muking the loan secured by this ;��'
<br /> Security Instrument,Bonower shall pay the premiums reyuired to maintuin the monguge inswance in effect. tf, for a�y • �� ,
<br /> �' reason, the mortgage insurunce coverage rrquired by Lender lapxe� or ceaties to be in effect, Borrower shall pay the . � '
<br /> � �,;,'°�°� premiums required to obtain coverage substuntiaily eyuivalent tu the mortgage insurance previousiy in effect, at a cost ��.i,j';.';��1. '
<br /> �,,
<br /> , ���`:•� � . substantially equivalent t�the cou to �orrower of the mortgage imur3nce prcviously in effect,from an alternate monguge '' •j�i� •�
<br /> �; ��'��' insurer approved by Lender. If substnntially equivalent mortgage imuranre covcrage i+not avuilable,Borrov�er shall pay to .i;� ���St'�;� '
<br /> �.,�
<br /> -.7.;1�
<br /> .;:�•+ Lender each month a sum equnl to one-twelfth of the ycarly murtguge in.urance premium 6eing paid by Borrower when the ,,; • � {'"'"'
<br /> ����r� � insurance coverage lapsed or ceased to be in effect. Lender w•ill accept,u.e and re[ain the,e paymentr as a lotis reserve in lieu ��
<br /> '`�� of mortgage insumnce. Latis resen•e payments may no longen c� reyuind,at the option of Lender,if mortgage insurance � ._.�>;;i�:t;';.. �
<br /> � •� � • ��� eovera e Un me amount and for the rioci tnat f.ender re uire.J rovided b au iu.u�c�u� �.,�cu'v Lcuuc� a ain oerometi '`
<br /> � P� 9 P Y� }N y K � . .
<br /> � �.�F+�"'" available xnd is obtained.B�rrower}h:�ll pay the prcmium�myuirec!to maintain mortgagc in�ur.uice in effect,or to provide u � ;" ,r
<br /> , '`��� loss reserve,until the re uirement fnr mort a e imur:mce end+in acrordancr with an written a reement hetween Borrower L ' ;��`+`•`" ,
<br /> , 4 R'R Y R . :r,;.
<br /> , , and Lender or applicabte law. ;�� ,: •
<br /> 9. Inspection. Lender or its agent may mat<e rcationaMr rntrirti upem and impection� o(the Property. Lender tihatl ,I' • . ';+�.�;;-.
<br /> . give Borrower notice at the time of or prior to an inspertion.pecifying reasonable cause fur the inspection. ; ..
<br /> . ' 10. Condemnation. The prcKeeds of uny award or claim tiir damagr,,dirert ur ronscquemisl,in ronnection with any i � • •
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