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<br /> _,�.:�„�.,.,� ' pertcxis that l.ender nquircs. The i�surunce carrier providin�the insuranoe ehWt be chosen by Bo�rower subJect to Lender�s
<br /> - n�tip�av�l�vhieh shult not 6e unrcusonnbly withheld. If BomawEr fAils to m�intain cov�c+ge desaribecl nbove,l.�nd$r may.n�
<br /> ��::�t�;,,�.��;,� L�ndsr�;optiaa�obinin covemge to pmtect t.enderh rightv in thc E'roper4y in uccordanoe with paragrnph 7. �
<br /> All insurnnce�+alicies and rene�vnia r;hall be acceptuble to I.ender und shull include n atendnr�d rt�ortgage clause. Lender
<br /> ��;�.,*.'__''' '' shnll hnve the dght to hold the policies und renewnls. If l.ender requii+es,Borrower shnll pmmptly give to L.ender uli recelpts
<br /> � �`�"'""'�" of pnid pr�miums and�+enewai nodoa+. In the event of loag.8amawer shW!Sive pmmpt notice ta the insurance catrier and
<br /> . „ �.-�� L.c.�tidcr. Lcudcr�nay mall•c prauf af toss if aat madc pmmpdy by Borro�ver. �
<br /> ,. Unlacs Lender nrtd BnYrower othcnvise u�ree in wridng,insurnnce proc�eeds shall ba applied to restaradon or repait of
<br /> the Pmperty dumugcd, if the restoration or r�epnir is economically feusible und L.enderS securIty is not lessened. If the
<br /> - "` mstaratfan ar t+e�►ie is r.ot econamically feaslble or Lender�s sec�lrity would be lessened the insurance Qme�ecls shall be
<br /> " upplied to the sums secured by this Secartty Insuument,whether ar nat then due.with any excess paid to Bomower. If __
<br /> . Borrowet lbundons the Pauperty.or daes not unswer within 30 days u nudre from L.ender that the insuranoa carriee has _-
<br /> � ofi'ere�to setAe A claim,then Lender may collect the insurance pmceeds. Lender may use the proceeds to repalr or nestorc �..�
<br /> '' . '. U�e Prope�y or to pny su��s securec!by this Se�urity Insuument,whetheror nat then due. The 3U�day pedod witl begin when �:.-
<br /> the natice is�iven. --
<br /> Unless I.ender und Borrower otherwise agree in writing.any uppltcation of proceeds to princlpal shall not extend or _-
<br /> postpone the due date af the monthly payments refemed to in paragmphs 1 und 2 or changc the amount of the payn�ents. If __
<br /> under paragraph 21 the Property ts acquie�ed by Lender.Borrower�right to any insurance pollcies nnd prnceeds resulting -�_
<br /> • from damage to the Property prior to the acquisition shall pass to I.ender to the extent of the sums secur�ed by this Secueity ��
<br /> � s�.' � •i Insuument immediateiy pr�vr W tlteac�uisition. ���
<br /> �� 6. Ocenpancy. P�esarra�4�o, 1dAmEcrt¢�nrsce acaa� P�+otection of the Pro�er49; �orrower's Lomn AppUcation; �;:_
<br /> . �"- Les�seholds. Bornnwer shatl ovcupy,esq0lish,aRd use¢Pee Property as Borrower�FartciFai eesideace wittein sisty days after =
<br /> ° the exeeution of this Serurity Irnsuu►nent and shall eontinue to oecupy the Property as 6amower�priaciFal residence for at -'
<br /> least one yeaz after the �ate of oocupancy, unless Lertder otherwise agrees nn writing, which eonsent shaR! r�ot be ���
<br /> unreasonably withheld,or�nnless extenuating circumstaeeces exist which are beyoad Borrower�s control. �orroe�eQ�hall not
<br /> � destroy.damage or impair ut�e Ptnperty.allow the Property to deteriorate,or rnmmit waste on the Prope�ty. BurmN•cr shall
<br /> be in default if any forfeiture action or proceeding,whet➢►er civil or ceiminal,is begun tteat in LeRde�'s good faith judgmeni
<br /> eould result iei Eorfeiture of the Property or othetwise materially i[npair ihe tien created by tQ�is Security Inst�ment or __-
<br /> � l,ender�s security interest. Botrower may cure such a default and reinstate,as provided in paragraph 18,by causing the acdon —
<br /> �r proceeding to be dismiss�ad with a ruling that.in Lender's good faith determmacfion,pmcludes forfeiture of the Bomower's
<br /> in�e�st in the Property or other material impairment ot the lien created by this Security instrument or Lendcr's security
<br /> in�rrest Bomower shall also be in default if Bomower, during the loan applicatdon prceess, gave materially false or =�-
<br /> � inaccurate inforrnaGan or statements to Lender(or failed to provide l.ender with any mat�rial infoanadon)in connection with �c
<br /> the loan evidenced bv the Note, indudinR, but not limited to, representations conceming Borrower�s occupancy of the �'
<br /> F�o�erty as a principui residence. If this Security(nstrument is on a leatehold,Borrower shall comply with all the provisions '�,
<br /> .;, �� aif:he lcase. If Borrower acquires fee tide to the Property,the leasehold and the fee tide sha11 not mecge uniess i.ender ag�ces "'�
<br /> <,%�;;�,�;�. . t�*��ix merger in writing. �
<br /> � . � 7. Protection ot I.ender s Rights in the Prop��d;►. If Bomower fails to prrform the covenants nnd��•ements �
<br /> '. contained in tlais Security Instrament, or there is a legal proceeding that may significantly affect Lender's ri�14fs in the �
<br /> ;�;' Rroperty(suctc a:a proceeding in bankruptcy,probate,for condemnatea�n Q�r forfeiture or to enfotte laws or�+egula+tumns),then
<br /> 6.ec�der may do and pay for wfiatever is necessary to protect the valaae�;the Property and Lender�righ�c tn the Property. �`�
<br /> Le�eder�actions may incluch�pa�ing any sums secured by a lien a•hich hax priority�o�er this Security Qnstrument.a��euring
<br /> ire c�urt,paying reawnable Att.�rneys'fees and entering on the Property to make rc�+nur.. Although Lender ma}•ef�,::action
<br /> under this paragraph 7,Lender dces not have to do so.
<br /> Any amounts disbuned by Lender under this paragraph 7 shall be�a�me s�d:9otiE�na1 debt of Borrower secured by this
<br /> Security Imtrumcnt. Unle�ti Borruwer and Lender agme to othcr term.of g�a�•ment,these amounts�ha".1 bear interest from the
<br /> date of ditibursement at the Note rate:uid�hail be payable,with intcre�t, apon natice from Lender�o Borrower requesting "
<br /> �+ayment.
<br /> 8. Mort�;age Insurance. If Lender reyuired mortgage insurance us a con�iti4�:�of making the loan secuQed by this
<br /> Security Instcument.Borro��•cr�hall pay the pmmiums reyuired to mainaain thc mort;a�e insurance in effect. Of for any
<br /> •• •� reason, the mortgage insurance coveragr reyuireJ by Lender lap.e. or. cea�es to be in effect. Barrower shaUl pxy the
<br /> ':'_� premiums reu,s:ircd to obtain coverage suhtitantially eyuivalent ta t4cc ,~,�rtgage imurauce previc�usly in effect, at a cost
<br /> substantiath•r�:�ivalent to the rost to Borrower of thr mortgage imuran�e previou+ly in effect,from an altemate mortgage
<br /> insueier approved by Lendc�. It.ubstantially eyuivatrnt mortgage inxurance coverage i.not avuilable,Borrower Ftaall pay to
<br /> Lender each month a sum eyuak to one-twrlfth of the ycarly mortgagr in.urutce pmmium being paid by Borrower when the
<br /> insurance coverage lapu:d or ceased to be in effect. Lrnder will accept,u,e and retain ahe,e paymentx as a loss reserve in lieu
<br /> f� of mortgage insurance. Loss reserve payment.may nu longrr tk reyuired,at the optiun of L.endtr,if mortgage insurance
<br /> • �� coverage(in the aznount and for the periocl that Lendcr n�yuire+)pmr•idrd by;sn inwrcr approved h7 Lender again becomes
<br /> '`• available and is obtained.Bcxmwer shall pa�ihe premium.myuind to maintain morttage imuran���•in effect,or to provide a
<br /> loss reserve,until the rryuirement for murtgagc in.urance rnd.in acroreiance w�ith am wriuen agreement between Borrower
<br /> and Lender or applicable la«.
<br /> 9. Inspection. Lendrr�►r itti agcnt may mahe rc a.�mable rntric.upem und ac�a�rrtion.of the Property. Lender shall
<br /> give Botraaer noticr at the time of or priar to an in+pectiun sprrif�irt� *:.+:onahle cauxe for the in.pection.
<br /> 10. iontlemnation. 'Ihe pra:erd.of am•a���arJ ur rlaim f.�r.E;.c:i:,_zs,dimrt or couseyuential.in ronnection with an}
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