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<br /> -- - - perlalM that L.cnder r�yiiin�A, 7'ho(naurm�c�carricr�n�vl�iti�Iho insurunso el�ull lw chaiton 6y Bareowcr hubJect to Lendcrk
<br /> -`�=��:�_�� nppmvni whicii nhall not 1�unreahanzrNty wNhiield. It I3atrnwer fnils ta mnintain c�vern�o descdbed uhove,L.ender may.cu
<br /> _ l.enderi�aption�oUtnln coverugo ta prc�tcct l..enderk rigNta In the Pm rty in nccoManco�vlth pnmgmph 7.
<br /> =X•T*��"'� All inRUmnce palictes nnd�enewaix ehall be uceeptnNlo to Len�r and shntl includo a stnndnrd mortguge clauRa. Lendar =
<br /> -`�=�'a"'�� Rhull have the right to hold tho pollcies nnd renewala. Yf Lend�r requirce,Donrowcr sh�lt promptly give to L.ender u11 receipts
<br /> __��=r:;�.,.;,�.=- of patd premiums and rene�vut notices. !n the event af losa.Bonower shall gtve prompt nottce to the Insurance carrter nnd ___
<br /> -'•'��='�`•-�`' Lender. Lender mny mnke proof of loss if not made promptly My Bormwer. -
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<br /> Unlesa L,ender und Bomower otherwise ag�e in wrldng.inaurance praceeds shall be apptled to restorndon or n3pair oY
<br /> . � _' ,a� • the Property damaged,if the restoratlon or repuir is economicully feuaible and L.enderk security is not lessea�d if the ••—
<br /> • '��= �"+�;=' restoradon or repalr is not economically feasible or Lender�s secudty would be lessened,the ingwz�ace pmceeds sCea�l b2 =__
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<br /> _.���•.�...�;.�._. uppGed to the sums secured by this Security Insuument.whether or noi then due.wi4pe an�r excess paid to�orrower. IIff -_.�__
<br /> Borrower ubae�dons tA►e Property,or daes not enswer wIthin 30 days a notice firom Le�eder thac th�insuraeece carrcer 4nas
<br /> of�ered to settle a cla6m,then L¢nder muy collect the insurance proceeds. Lemder may iesP t�e pmceeds to repair or mestore z��..—�-
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<br /> the Fz+�gxrty or to pay sums secured by thls Secu�ity Instrument,whether ar noz then due. The 30-day pedod wiU beg6n when �+?;�•�"__
<br /> . :'•,9p��� the nonice is given. �.r :-_
<br /> �_�:k����';;;,".:.�.: Unless Lender�nd�orrower otQ�envise agree in writing,any application of proceeds to princlpal shall not extend or ry�,_�'r�
<br /> `'• � ��!dQ •, s ne the duc da¢e of the m�nthl ents neferred to in hs 1 and 2 or chan e the amaunt of the a ents. If -----
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<br /> ".' ��,�'.,'�,': under paragraph 21 the Property is acquired by Lender.Borrower�righa to any insurance policies and proceeds resulting �-�-
<br /> � � from damage to the Property prior to the acquisition shall pass to l.ender to the extent of the sums secured by this Security '"
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<br /> ';�:;'�;:�y�: � Insautnent immediately prior to the acquisition.
<br /> '�}:.:,;;;��, .;..,�,• 6. Occupapcy, Preservptlon, Mai�etenance and Protection of the Property; Sorrower's Laan AppllcaUon; _�k_�-_'�-_�'�``-_--
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<br /> ;�����c�i�� .�,�'.`'t;'. Leaseholds. Borrower shall occupy,establu�6.and use the Property as Uarrower�s principal residencc uithin sixty days after ---- :---_
<br /> � '"�Y" �t�r1.�� the execudon of this Security Instrument az��shall continue to occupy the Prnperty as Bomower�s principal residence for at �_;k:���
<br /> '::'����r�!;�"�".�f?y least one ear after the date of occu m�c:•, unless Lender otherwise a in writin , which consent shall not be ^�`""`
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<br />-'��:�,,'".. unreasonably withheld,or un9c.s extenuating cincumstances exist which are beyond Etarrower's conmol. Borm�ver shall not � •t..;.,.__-
<br />`�;::5'E;.�;�t��;Y,: ��. destroy.dema e or im air the�Pro ailow the Pro rt to deteriorate,or com�ec ti�•aste on the Pin Borrower shall �;�:���
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<br />_����...4,J��..,,,,,�,.; „ , be in default if any forFeimire action or proceeding,whether civil or criminal. is txguR rS�at in Lender's good faith j:�slgment ,,. �j�•::___
<br /> �}'`'"•�R� r,�t�, cauld result in forfeiture of the Property or otherwise materially impanr the lien cmated by this Security Instnuaneht or .,..�''_i=-�=
<br /> '', ` � • ��t!�.'�:.;�� Leader�s secucae� interest Barrower may cure such a default and reinsaate,:u provided in paragraph 18,by causing the action „ ..,`.`
<br /> � ;'`'�'•{�;' ar proceeding eo fie dismissed with a ruling that.in L.ender�s good fait9n detern�ination,precludes forfeiture of the Bomower's ''�°t*'°�
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<br /> 'a�.�u. �,,;..;'; interest in the Prapesiy or oihtr material impairment of the lien created by this Security Instrument or l.ender�s security •..��,;;t,.,,.�_
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<br /> +��?!���:•� interest. Borrower shall nlso be in default l£ �ur.raxer, rEuting the lvan application process, gave material{y false or •��t.•,:�.__�.
<br /> �'�' tf�� � � -r.�s inaccurate infor►miatio�e or stnaertsents ta Lender t�r 6ailed eo ovide Lett�lea with an material inforn�ation)in oa�nnectian with ��:�'`'_�t"'
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<br /> _.;,_� .;!•'s,. the loan eviden Ld by the i�iate, including, but not limited to, re�sesaa�ladons conceaaing ��rc�t.tier's occupancy of a➢te ,{���;�„_
<br /> . ` ��.�;: Property as a principal residence. If this Se�urity Instrument is o�e a I��.�e�tatd,isorroweQ snaeu ca��piy with ali the provisions ;��. ,_
<br /> . .��;_ ��y n��.,_
<br /> of the lease. If Borrower aca,n�cres fee title to the Property,the leaseho7�a.�d the fee ticle shall not merge unless Lender ag�ees n�!��.;;r,...
<br /> �� to the merger in writing. :`�'i��` '•-
<br /> 7. Protectton of II.ema9eQ's R[ghts in the Property. If Borrower fails to perform the covenants and agreements -
<br /> contained in this Security Insuvment,or there is a legal proceeding that may signifieantly at�'ect Lender's rights in the '-
<br /> .� Property(such as a proceeding in bankcuptcy,probate,for condemnation or forfeitune or to enforce laws or regulations),then
<br /> Lender may do nnd pay for w hatever is necessury to protect t he vu lue o f t he P rope r ty:in d i.en der S rig h t s i n t h e P ro p e r t y. .�a�'�
<br /> Lender's actions may include paying:iny.ums securcd by a lien which has priority over thix Security Instrument,appearin�
<br /> in court,puying rea.,onuble attomeyz'fee. �nd entering on the Property to m:ilce rep•rin. Although Lender may take action �� �„ -
<br /> under thix p3rngrsph 7,Lender doe.not have to do,o. °
<br /> Any amounts di,huncd by l.cndcr unJcr thi. paragraph 7 .hall hecomc udditional dcbt of Burrowcr+ccurcd by this
<br /> Serurity Instrument. Unle.�Bormwcr and Lrndr�agrcc to uther terms of payment,the,e amount�shail bear intercst from the ,,
<br /> ' date of dixburument at the Notc rute and �hall bc payable,with intem.t,upim noticc from I.ender to Borrower requesting
<br /> • puyment.
<br /> 8. Mortgage Iasurance. It 1_ender n�yuimd mortgage imurance a.a ronditiun uf muking the loan�ecur�ed by this
<br /> . Security Instrumen�, Barrower�hall pa��thr premiums rcyuircd to maintuin the mortgnge imurance in effect. If,for any
<br /> reason, thc mortgage inxurance rovcragc rcyuired by Lrnder lapu. or rea.c. to he in effect, Borrower shall pay the
<br /> premiums mquired to obtain coverage wb.tantiaUy eyui�•nlent to the mortgage imurance pmviously in effeet, at a cost �
<br /> Itiutntantially eyuivalent to thc ro.t to Borrower of the mortgagc in.urance pm�•iou,ly in effect, from an alternate mortgage �
<br /> I insurer approved by Lender. If wb.t:tntially eyuivalent mortgage incur.utre covrrage i�not available.Bortower shall pay to
<br /> L.ender each manth a aum eyual tc►one-t��clfth of lhe�•carl�•mortgagr in.uranre premium bcing paid by Borrower when the
<br /> � insarance coverage lap�ed or rea+ed tci be in effect. Lender a•ill areept,u�e and retain theae payments as a loss resen�e in lieu
<br /> of mo�tgage insurance. Los�rcsen•c payment� may no longer be teyuired,at the option of Lender,if mortgage insotunce
<br /> coverage(in the amount and for the period that Lender reyuire.)prucided by:in in.urer appra�ed by Lender again becomes
<br /> � available and is obtained.Bormu•e<<hall pay the premiumc rcquired to maintain mortgage insurance in effect,or to provide a
<br /> loss reserve,untii the rcyuircment for mortgage incur.uice endc in acconianc�«�ith any a�ritten agreement between Borrower �
<br /> and Lender or applicable la«•.
<br /> ' 9. Inspection. Lender or its agent ma�•mal�e rc;+sonable entrie+upon :v�d in�pections of the Property. Lender shaU
<br /> give Borrow•er notice at the time of or prior to:u�imprrtiun,�if�ing rea,onablt cau.e for the inspection.
<br /> , 10. Condemnation. The proceedc of an�• a���ard or claim for damageti,dimct or ron.eyuential,in cemnrction with any
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