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<br /> - --= periods th�t I.�nder rcqu'�res. 'I'ho insurat��e carrier provit�ing the insuranca Ehall ba ci►bscn f�p l9r,rrc►wer eub��ct.to l.snckr's
<br /> approvxl whtch shelt not be,unrens9ne6Iy wIthheld. Jf$orrawer fails to maintaln cayerage$r.seriberl abave,i,c�der mAy.at
<br /> .. �ndet's oplion,obtain caacr�ge u►protect Lendar�dp�hts tn the property ia accardance with par�grrph 7. .:
<br /> _-�•--- Atl insurnnct palictes and renewala sh�l1 be s�re,}+table to Lender and shap inClude a stendarA mortgago clauiso. 1.enckr
<br /> ' --- -�— shal)huvo ihe right to hold tha poliaies and renewals. IP i.ender requires, Borcuwer shal!promptly givo to l.cnder alt res:eipts
<br /> of paid premu:ms und renewal notioea. In the eveat of[bss�Somower ehell glve prompt nodce ro tho inaurance curier a�d
<br /> _ _--�=•v�=�� Lcnder. Lender ruay makc proof of loss if not made pmmptly by Sonower. �
<br /> - -_ -= USl;e..°S LERt�C[i1fltT B6I'taWCi'OiFICIiYe6c tigiCCl�t W17fL'Ib'�iusura�«��►�;r,�1s at�nli:u a�3�caS u,ra�t�,a��srr�alr�f
<br /> --= the 1'roperty cl�maged, if ctje nsioration or repair is econamicaUy feasiblo and ixndar�resudry is nri lesssticd. If the
<br /> ____T=__= restoration or repair is not ecc►nemtcally feasible or Lendor�suurity would be lessened,the tnsurance praceede shull be
<br /> �� - applied w the sums secw�d by this 3ecurity Insdument,whettter or not then dae,wlth eny excess paid to Borrower. Yf
<br /> Borrower abandons tiie Property,or does n4t anawer within 30 days a nodce fmm Lender that the insumrtce currIor has
<br /> --�::ti� offered w settle a claim.then Lxnder may coUect the insw�nce proceeds. Lender may use the pmceeds to repnir or resta�
<br /> --=_=-=-� th�Property or to pay sums sacured by this Secwity Insuument,whether or not then du6. The 3Q-day period wUl begin when ___
<br /> _�- the notice is gtven.
<br /> -_- •�-,�� Unless Lender and Bonower atherwise a�rce in writing,any applicadon o€pmceeds to principal shall not extend or
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<br /> _-�m�*;:�� postgona the due date of th�monthly payments referred to in paragraphs 1 and 2 or change the amount of the pAyments. IP
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<br /> `u,�SRk�.�A,� under ara h 21 the Pm is a uired b l.ender.Borrower�ri ht to an �nsurance licies and roceeds resulting
<br /> "'����';�`�•� from damage to the Propetfy pnor to tha acquisidon shall pass to Lender to the e�ctent of ths suras secw�ed by this Securlty
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<br /> _�•�_-�,-�-II� Instnunent immediately prior to the ecquiaition.
<br /> ��• -'- 6. Oceupancy, P�res�rvation, Matntenaace and Proteetion of the Property; Borrower's I.vam� AppllceUon; . -
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<br /> ��.1 r„;.. �sthold�. Horrawer s�al1 occupy,establish;as�d use the Pmperty as Bornower�s pcancipu!residenee vrithin sury days after z,•.
<br /> �_;N�';'`� the executIon of this Sccuri Instrum.ent and shall wntinue to occ the rt a�Horrower's rInc[ al residence for at =--
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<br /> �;=;e�s'�:.�``.•':'� � least one year after the date of occupancy, unless I.ender utherwise agrees in wrlting, wl'►ich consent shall not be
<br /> � ' unmasonabiy withheld or unless extenuuting circumstances exist which are beyu.ld Borrowerk contml. Borrower shall not
<br /> ' desaoy,dumage or imQair the Property,ullaw the Property to deteriarate.or commit waste on the Property. Borrower shall
<br /> ' "�``� . ',`•� be in default if any fotfeiture acdon or proceeding,whether clvil or crlminal, is begnn that in Lender�s good.faith judgment
<br /> = �� could result in forfeiture af the Property or otherwise materially impair the lien created by this Securiry Instrumeat or
<br /> � , ''' �� Lender"s securiry interes� Homower may cure such a default and reinstate.as provided in paragraph 18,by causing the actton
<br /> '' or pmceeding to be dismiased with a ruling tha�in Lender"s good faith deteRnination,precludes forfeiture of the Borrower�s
<br /> " ..";�;�,�� intec+est in the Property or other material impairment of the lien created by thIs Security Insmiment or Lender�s secudty
<br /> .;.�� interesG Borrower shall �lso be in default if Borrower. durtng the loan application pracess, gave materially false or
<br /> !�.��i• ;„ inaccurate information or statements to Lender(or failed to pmvide Lender with any material information)in connectlon wIth :,
<br /> �'" • the loan evidenced by the Note, including, but not fimited to, repnesentations concemin$ Borrower's occupancy of the E�F�,;:
<br /> • Property as a principaj residence. If this Securiey Insuument is on a Ieasehold.£orrower siiail comply wich aii�he provisions -�-
<br /> � � , of the lease. If Borrower acquiree fee tide to the Property,the Ioasehold and the fee ritle shall aot merge unless Lender agi�ees
<br /> ,. to the merger in writing.
<br /> 7: Protectton of Lender's Rigdts in the Property. If Bonower fails to parform the covenants and agreements
<br /> contained in this Security Instn►ment,or therc is a legal pnoceeding that may significandy affect Lender`s rights in the
<br /> Property(such as a praceeding in bankruptcy,probate,for condemnution or forfeitute or to enforce laws or regulations).then
<br /> Lendcr may do and gay for whatever is necessary to protect the value of the Pruperty and Lender's rights in the Property. _____
<br /> L.ender's actions muy inctude paying any sums secuned by a lien which has priority over this Security Instrument.appearing
<br /> in court,paying reasonable attomeys'fees and entering on the Property to make mpairs.Although Lender may take actton -.
<br /> under this pamgraph 7,Lender dces not have to do so. F.�"'j`
<br /> = My amounts disbursed by Lender under this purugrssph 7 shull become additional debt of Borrower secured by this �;..�--.
<br /> Securit Instn►ment. Unless Borrower and Lender a ree to other terms of a ment,these amounts shall bear interest from the f�-
<br /> ��ti�;`�•. datc of disbursement at the Note rate and shall be payahie, with interest pupon nuuce frnm Lender to Borrower requesting �"�_
<br /> • , payment.
<br /> - .' . 8. Mortgage Insurance. if Lendec required moctgnge insurance as a condition of making the loan secu�d by ihis
<br /> . �. " Security Insuument,Borrower shall pay the pr�emiums reyuired to maintain the mortgage insurance in effect. If,for su�y
<br /> reason, the mongage insur:�nce coverage required by Lender I�pses or ceases to be in effect, Borrower shall pay the
<br /> premiums required to ohtain coverage substantiatly equivalent to the mongage inwmnce previously in effect. at a cost 'j�;;,:�
<br /> substantiuqy equivalent ta the cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage
<br /> insurer approved by Lender. If substantially equivalent mortgag�in,urnnce coverage is nat uvailuble,Borrower shall pay to
<br /> ,�` I.ender each month a sum eyual to one-twelfth of the yearl y mortgage insurance premium being paid by Borcower when the ,
<br /> ;s insurance coverage lapsed or ceased to be in effect. Lender will sccept,use and retain these payments as a loss reserve in lieu
<br /> �;�'s�,'�t?� of mortgage insurance. Loss reserve payments may no longer he required,at lhe option of Lender, if mortgage insurance ��
<br /> .;�,`•;.,;;. coverage(in the amount�md for the period that Lender rcyuire�)provided by an insumr approved by Lender again becomes �;�%
<br />"�;�,+` available and is obtuined.Borrower shall pay the premiums reyuired to maintain mortgage insurance in effect,or to provide a
<br /> loss reserve,until the reyuirement for mortgage insurance endx in accordance a•ith nny written agreement txtween Borrower
<br /> � and Lender or applicable law.
<br /> 9. Inspection. Lencier or its agent may make res�onahle entries upon and inspections of the Property. Lender xhall
<br /> � give Bornower notice�t the time of or prior to an inspecNon�perifying rea�onahle rausr fur�he inspection. y:
<br /> Im. CondemnaQio�o. The proreeds of uny award or claim f'cir dama�es.direct or conseyuential,in connectiun with any
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