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<br /> �----.�: 'T"`?�.� periods thut l��tst.r rec{uires. 79ie insumnce snnEer pravidinB thc insurunce sriall be chosen byr Borrower subJect to l.ender� __ -
<br /> _.___��},;�;� appxovul which sha11 naE ba unm.asonubfy witl�held. If 8orrower fails to muintait�coveraga described ni�ve.Lender mny.at
<br /> -_ ==�{�� , Lemder�optlon,obtei�e coverage to protect Lender�s dghta in the Praperty in accordence witb paragraph 7.
<br /> z_;;��=�g�r�,� - All insurance poHcies�utd renewnls sl�ull be accepiable to Lertder and sha71 include a startderd mort�ag�clause. Lxnder --_
<br /> ---_ , y.. - ahall hnvo the�3ght to hald the poltcies c�nd renewals. If Lender requires.Borrower shnil promptiy�;ive ta I.enGer ell recetpta —_
<br /> � of paid premiums and renewal aotices. In the event of loss,Berrower shaU givo prompt nodce to the inswa�t��e carrIer and
<br /> � „ ,, • Lender. i.ender may make proof of loss if not mads prompUy by Borrower. — --
<br /> u� Unless l.ender aad Bomower otherwise a in writin ,insuriuice raceeds shall be a lied to restoretion or rc air af � - -
<br /> '{�`4 �hr,,` ' "� Bree g , P PP� P � --
<br /> ��',.,;�s>v � the Froperty damaged, if the restoradon or:epair is cxonomically fessible and Lender�s aecurlty is not lessened, If the
<br /> '`� �" E �` cesta�r�ast or t�a:r i�nc:ec�mm.icr!!y feasibie or�xnde.rt tecurity would be lessened,the insurance pmceeds shall be i'�" ..,,.�_—_^__
<br /> �'�����• �°:''� applied to the sums secu�+ed by this Se�urity Instniment, whether or nat then due, with aay excess paid to Bomower. If �dr�'����:_�-
<br /> � Somnwer abandona the Ptoperty,or dues not ans�ver within 30 days a notice from Lender thut the lnsurance carrier has �'.-j,.y��,,,l��,,-�,_
<br /> • • • offened to settle a ctaim,then Lender may collect the ins�rance prnceeds. Lender may use the pro�eeds to repair or restore �+--_��---- --
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<br /> , the Property or to pay sums secured by this Security Instrument,whether or not then due. The 30�day period will begin wh�n �;,,,�„�,�,„e,Q„��,_.
<br /> � . ihe nodce is given. �"'�'��L��=n=��.'�
<br /> • � ,:.;`. — --___- - -
<br /> - '�� '� Unless Ixnder and Borrower othenvise agc+ee in writing, any applicauon of procee�is ta pdncipal shall rtot extend or -'
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<br /> . ' . ,.< . postpone the due date of the monthly payments r�efemed to in patagraghs 1 sind 2 or change the amount of the payments. If —°'--"'�"-°'°�
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<br /> • • z�•�<`� under paragraph 21 the Prope�ty is acqujred by Lender,Borrower's ng�u to any insaratxce g�olicies and procc�eds resuldag ;ti;• �-.''�e
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<br /> •�� :�'?�' . from demage to the Property prior to the acyuisition sttaU pass to Z.ender to the extein of the sums secured by this Securiry ,. �;y�y, '"'�
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<br /> , ,, Instnunent immedistely�ra�r tothe acquisition :.w_'�:_==_�k„�,�.r�
<br /> ' � 6. Occapaacy, PreservaHon, Maintenaa�e :p�mfl Protectton ot the Pro��; 13Cnrcower's Loan AppUcation; ��'=���"----
<br /> • d.easeholds. hR�rrower Fhall occupy,establish,and use the Property as Borrower's principa{residence wIthIn sixty days after �`�'�F����==��- _
<br /> _ �� the execution rf this Security Insawnent and shall continue to occupy the Property as Borrovver's principal residence for at -�e*'����'-',=-'�'���'-
<br /> Ieast one year after the date of occupancy. unless Lender otherwise agrees in wrtting which consent shall not be � �``�•�-=�����
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<br /> , uareasonably withheld,or unless extenuating circumstances exist which ane beyond 1Borrower's control. Bom�wer shall not ;,,� *=�d�.�;�,rvt .
<br /> destroy,damage or impair the Property,allow the Propecry to deteriorxte,or corremrtc �vaste on the Properry. Borrower shall '�:;,'��'• "•,����''�`�-�
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<br /> • be in default If an forFeiture action or �n ,whether civil or criminal.is 6e ex.n 4hat in Lender'� ood faith 'ud ment -'�;�'•r;`, �
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<br /> could resuIt in forfeiture of the Property or otherwise materially impair the lien crcated by �his Security Instrument or ,�,,F��� <' ^�;g��
<br /> , Lendet§security interest. Bomower may cure such a default and reinstate,as provided ire pa�a�a�;+h l8.by causing the action .. ,.�.
<br /> �� or prooeeding to be dismissed with a ruling that,in Lender�s good faith detecminadore,precln�dLs•i�rfaiture of the Borrower's _.,.�`��-
<br /> . �. � interest in the Property or other material impairment of the tien created by this S�con�iay I�nsarument or Lender�s securiry �• _
<br /> interesG Borrower shall also be in default if Bomower, during the loan applic�¢iost pcaces.9, gave materially false or '��'.� .�. ' s."� :
<br /> ;,A ' inaccurate information or statements to L.ender(or failed to provi�ie Lender with any ua:ateria!ianforanation)in connection with . � '
<br /> the Ioan e��idenced by the Note, including. but not limited to, repr�esentations concerning �orsower's occupancy of the ��'�f �'" .
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<br /> .. .. w�., .�zc:pal reszdeasx. if thi�Securit3;Instrument is on s le...... ...,. Sflrre Yer..hs.! _, .,y with a!!the pro.s�•��� _ ,
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<br /> off the lease_ I�F IBorrower acquires fee tide to the Property,the leasehold and the fee t9tle shali not merge unless Lender agrees �� � . �"�'� ��
<br /> ro 86e merger 8c�writing. ;�yr�,�� �,. .,f��`,
<br /> „ 7. Protectlon o9'G.eader's Rights in the Property. If Borrower faits to�necrform the covenants and agreemenu ;.:.f�,•�� � ,�,
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<br /> � ' contained in this Secu�fity Insuument, or there is a 4ega1 proceeding that may si�siticantly affect I.enderk rights in the :�y�;�;�,<' ,': ��';,{�;. �
<br /> I Property(such a�a proceeding in bankruptcy,probate.for conde�nnation or forfeiture or to enforce laws or regulations),them �� • � ,:r;���};
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<br /> �; Lender map c�ar and pay fa what�ver is necessary to protect the vatue af the Property and Lenderl• rights in the Property. :,,r..
<br /> Lender�actions may include paying any sums secured by a lien which has priority over this Secarity Instrument,appearing �:;���i��.
<br /> in court,paying reasona1�9e attomeys'fees and entering on the Property to make repairs.Alttiough Lender muy take action
<br /> " under this paragraph 7.Lender dces not huve to do so. " 's
<br /> ' Any amounts disbursed by Lender under this parugraph 7 shull become additional debt of Bortnwer secumd by this „ �� "
<br /> . Security Ims:raurttent. Unless Bortower and Lcnder agree to other terms of payment,these amounu shall bear interest from the • J- ��
<br /> '" ' date of disbucsement at the Note rate and shnll be paynble,with interest,upon notice from Lender to Borrower requestinr � ��
<br /> payment. , . �-�
<br /> S. Moe�Qgage Iteswurance. If Lender required mortguge insurance as a cundition of making the toan szcured by this „ �/
<br /> "�� Security InstnoQ►!ent, R2�eemtiv�r shaU pay the premiums required to maintain the m;�ngage insurance in effeca. If,for any ���`•'�r�
<br />`:�•i'r''� reason, the m�agage imsarance coverage required by Lender lapses or ceuses ta� br in effect, Bormwer shafl pay the '•�'.:,,:� � �
<br /> • �. •.i{, premiums required to obtain coverage xubstantially �uivalent to the mortgage insurance previously in effect, at a cost ,
<br /> �� ti, • substantially equivalent to the cost to Borrower of the mortgage insurance pmviously in effect,from an altemate mortgage
<br /> ' insurer approved by Lender. If substantially eyuivalent mortgage inwrance coverage ix na available.Borrower shall pay to .,
<br /> ' � Lendereach month a sum equal to one-twelfth of the yearly mortguge in+urance premium being paid by Borrower when the
<br /> insurance wverage lapsec�or�eased to be in effect. Lender will accept.use and rctain these payments as a lo..rc.�n�e in lieu _ - • '
<br /> � of mortgage insurance. 1,o.s reserve payments may no longer be reyuired,at the option of Lender, if morigagr insurartte ' :.` .
<br /> , coverage ln�e lhe amount and for the period that Lender reyuiresl pmcidrd by:u� insurer approved!�} Lender a�ain brcome� t•�%`';!
<br /> a� available a�c�d is obtained. Borrower sha,E puy the premiums required to maintain mort�a�c in,uran.r�n effect,or to provi�9e a �
<br /> ,� loss reserve.antil the requiremrnt for mortgage inwrance ends in arcord;u�ce with any written aFreement betw�en Boirowtr ,
<br /> `�';� and Lender or applicable 1a�3. i
<br /> 9. Iaspeetion. I.r.r.��r or its agent may m;►ke rea�onable entries upon ared in�pections of the Prc�pert}. l_�:�der shall
<br /> give Sortvwer notice at thz sime of or�rcor to an impcction tiprcifying rea+onable cau.e fur the in�}�cction. � •
<br /> � . �.;;�< 10. Comdemnation. The p►mee��r•f any aa•ard or claim for damageti,direet or comeya�ecc�:il.in connection v.•ith an} '
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