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<br />'� � � gesiods thas 1Lende"r tequirES. 'i�e.insuraac�caaier provIding the insurance sttall he cicasen by Borrovrer subject ta Lender� --
<br /> _ � �, appmval.r,+S�cb�all�ot'be un�aso,uablY withhetd. If Eatrurret fa�s u►mainteiu coverage d�.ahm+e,Leader may,ai:
<br />. I.ender�optfon.abtain wvec�g��o Px'naect Lende��reg�ts`in�the Pragerty in acco�ance with parasapb 7. . --r
<br />- � " ` All insurance poZicies ansl reu�wals sh�U be aoceprable ts Lender aad,skaU inc[ude a standard mortgage clause,,Lender
<br /> . ��`..';` :`- ght P ze9ui�.Boaawer shall pmmptty give to I ender aSI'a�eceips&
<br /> ....,._. ,_. _ shallhave the ri to�tl� olicies and.ienewaL� If l�ad�r _--- - --- ----
<br /> ��,z'�::��`�`�i�' .� . _ uf paid'pcemiuuss aad reuewat notices. 1n.the event of loss.Sorro�ver s6aU give pmmpt rcotice to t1►e insan�aace carrier asid . --=_=_--_
<br /> : '=�;=;?.= •.,, . I.ender. Lertder m�y make praof of toss if cmt made paompfly by Borrowea. . .� -
<br /> it _ � Unless Ixnder�d Botrowet oihetwi�e ogree in w�itu�►g,insur�.�ce ps�ceeds skall i�e appIied to cestoration or repair of . .���` u
<br /> �� - _;. ���F�Y�:�S�•if t2�a;estoratian ar repuir�s ewnomicatlg feasible and Leiider�seciuity is nat Iessen�d._ If fhe ��� s - -
<br /> � �r . . �storatFdA or npair is amt ecaaamIcalty f�easibte or Lender's sec�airy wonld 6e tessened.the insur�rtce ptoceeQs shaU� • • . r '` ��
<br /> ���.ti..-.. � ,- :�� c . ngplied ts tP�e cums sccured by this 5ecutity Instrument�whet�er or nut then due.with any eaccss paid ta Bamower. If .� • -
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<br /> =��,:�::�Er:'. ;°E'�_ ��-='--=-�°-�--����---
<br /> . � �orroaner a6andmns tite Pr�perty,or�taea not answer wltbin 30 days a notice from i:endet that the iastuunse canier has. : , �'�,':.>��.L-,�A--=-.-
<br /> '3"�"�� oiYered to settfe n ciaim.theq Lender muy colttct the insorance proceeds. Lender cnsy use the proceeds to cepaIr or nestaxe � -
<br />- �'� �`�` ` �` th�Pra ar ro a sums secureA b thts Securit Instrument;whetd�er ar not then due. 71te 30da rIod will.be when ; ' ----
<br /> ��i.;�:� �;. Y Fe�Y P Y Y Y Y Pg , 8� , . r �=
<br /> r'L`= 't , thc nnuce ia given.. � , •
<br /> '�� r�f" �� �'• �' ''�:••�p—:���:
<br /> . Untcss L.crtder ani!8orcower olhclwisc ogree tn writing,�any applicadan of procecd4 to prinsipal shalt nnd extend br r.,��„ -=`�:
<br /> '`- ' postpane the due date of the manthty p�yment�cefened to in Paragaphs i and 2 or change the amount of the paymenrs, if � '��`
<br /> �'. o ,t,'��e ; , r. rK,�,_�_-`m-
<br /> uadcr pamgaph 21 the Propeny is ncquire�by Lender�Borrowerk ri�ht to any incurance policies ssnd proreeds resuldn� � �-� ''� �� -_
<br /> :' . , trom daimmage w the 4'eoperty prior to the acquisition shalt pass to Lender to dte eatent of the sums secured by this Securiry i.�i,',�:_.::.;;ly�-
<br /> - ',r; ' [ttsuument Immediately prior to the asqu�isi�tion. . -�`:'.�.;..-.._ '-'-
<br />- - .�`„•. � �:,: 6. Occupancy, P�CSCI'VABOA� l!lainteauace und Pratection of We Property; Borrowe�'s Loan Applfcntlon; '.�;��:�__-_�
<br /> � �� Lcas2�olda Botrower shall accupy.esta6lish.and use the Property as Borrower's Qrincipal residence withtu sixtq days after '�� � --s��
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<br /> �; �. � ' � tha execution of this Security Instwnent and shall continue to occupy the Froperty as 8orrowers principal residence for at �.""`°" -
<br /> �Q�;���• `�: - l�as! one yqr after the date of occupancy. untess Lender otherwise ag�ees in writing. which consent shaU not 6e • • � "����-`�`�
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<br />�= `:.-r`:��==-�' tm�easona6fy withf�eld,or anless extennating cinciuns�ces exist which aie beyond Bormwerls contml. Bomuwer shall not - -=..-.� '� `-_
<br />�' :.. ............ ...d�s�o..� .._..-�-e or un "r itie Ro�-- . .. _ _ . . _ ..._..--.-.- ,.N�_
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<br /> Y damag�----"...pu periy;aUbw iT�ie Piopeiiy fo detenorate:or comm�t wasfe on the�operiy:-Boii�niver s-fiaU . ; ,��b,t
<br />�: . ' ' _ ; ;,,:t 6e in default if eny forfeitun action or procecding,,whether civil or crimmal.is 6egun that in Lender's good faith judgment , �•:�r.�.���••-'=
<br />�_ � could resuit in forfeitare of the Froperty or otherwiss materiatly impair the lien created by this Security Listrument or --_--_- _
<br />��.',;. :::;..:: -�` '��'' Lender�s securiry inte�st. Borrower may wre such a default and reinstate.as provided in paragraph 18.by causing the action • •� ... `•:�':'}:��
<br />-_��.'�;:.�:�;:'.�.. � . or pmceeding m be di�l��with a ruling ihat,in Lender�s good faith determination,pnectudes forfeiture of the Borrower's ''%:�-�__ -- _��=
<br />_� '�• `�'• ' - ' - interest in-ute Ptopeaty or other materiat�impairment of ihe lierr c�ated by this Seeurity instrument or L:�adeT's s�utity t�;#.�
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<br />__ •:,� ,.-,.x;�% interest. Bareawer shall also be in default if Borrower, during efl�e loan application pracess, gave materially false or �,. i,.�;:,, =
<br />- -'`,. �' '. •"•:'�'` Fn���*a+P ic�amnation m statemenu to Leader(or faited to provide Ixader with any rnaterial infom�ation)in connection aith • •
<br /> - ' � 1� ,�=' '�= thQ Iaan evidenced by the Note, inciuding,but rrot limited to, zepresentgtions conceening Borrower's accupartcy of the r �,�.
<br /> '',,,.,` ,,.°•.:�°�_�: P�up�ty as�grincipal.residence. If this Securiry Insnument is on a teasehold,Bomower shall.comply with ull d�provisioas • • �.,`r;:
<br /> of the tease. H�f Borrower ires fee title to the Pro •�• - "
<br />_ acqu perty.the leasehold and tbe fee title shall not merge unless Lender agcees ,. � •{
<br /> �"` .: , to the me�e�in.writing. •
<br />„ : . 7.. �etlon of L.ender's Iiig6ts in Ute Property. If Bar�uw•er fails to perform the ca�enants and agre�.�nents :• '; 1;.�
<br /> :t ��'`��,.�:�' � �' ` contained an�.;s Securiry Insuument,or sheic is a Iegal proceeaing that may signifcantly affect l.ender's rights in tIie ,; ., ,
<br />_ °�'�''�f�::.. �;��� ��.:.� .� Property(s�a as�prooee�ing in bankmpicy.probate.for condemnation or forfeiture or to enforce laws or regulations),titen .....�
<br /> _� _ ._.r•-_'�„ . Lender maw':w�aad pay fo�a•hatever is necessary to protect the valae of the Pmperty and Lender�right�in the Property. .��- �.�:`:� ��!�.�f
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<br /> , ; ..;,� � . Lender�atti��rs may includ�paying aay sums secured by a lien whieTi.fias prioriry over this Security Inswment,appearin�:" � t'.'�•:� ' •.:
<br /> • in wurt,g��reasonable attomeys �ees and entering on the Pro�a4t:g•c,o make repairs.Altha�sg�s I.ender may txke actioa: •. � �a.�
<br /> � � .;'` under tlus��rapb 7.I.ender does not L�r to do so. : • , .._F .
<br /> - - , �. . , Aay a.�+�nnts disbursed by l.eade�.�der this paragraph 7 s6aiy�necome additional debt of Borrower secured by this' : - . `° '"' / �
<br /> � `�:;' ��,�� ..; S�^varirf$n:=rJment. Un less Borrower an d L en der agre�r.2 other terms of payment.the3e amounu shal!bear i�from the' ' ::�.°:�. �q�
<br /> ' .•'�ce of�b�ti�:sement at the Note rate and s:�all be pay�tl�.,xvith iMteres�upon notice from Lender to Borro��uestir�; � � .;:�;'��-"' .�-
<br /> ;r paymem. . ':• , ' . : � ' ., .
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<br /> � , ,.••, :• 8. !��r^,�ge Iosvrance. If L.er.��a;;zquice�mortgage i�aza.��as a condiuon of making the loan s�red by�.us � �• .�°'°:,.�� ��..•.
<br /> ' ' � "' � � Security Isi:q.,�inent,Borrower shall pay�ie premiums required ta e�ma:.:��ain the mortgage insurance in effecr:' if,for,a.��t; � �'i`.�+ ��"�'. •.�'-.
<br /> ' _ � �s"�,...
<br /> . ' . `: '" :`;'-,:.`-"� reason. the mortgage insurance cove�age requued b}� Lender lapses yr ceases to be in effect. Boriuwer sl�;i; pay the .�, , ,'���tF �.: .�.'�';.;r,..- ,•..:�
<br /> '-�� �`• p:erniums requined to obtain coverage substantially equivalent to the mortgage insurance previously in ef:`�.;:t: at a cost � < <� . ::Q.::. ..::`�:'�"� `
<br /> .:,�r, . '• :... :; �?.�: . .
<br /> • , , substaniially equivalent to the cost to Bor,rower of the monga�e insurance previously in effect.,from an a[temate mortgage• .„ �`�ix''��� �.. •-=.�- ':"'.;,; -
<br /> '. •:�,��t;t, insurer app*rved by Lender. If substan:eu:.}eguiwaleni mvrtgage in�i-snce coverage is not av�taa'.e;Borrower shall pay tu � '� ''��
<br /> �'-t*�� � Lender���a�onth a sum ual to one-cw�,'��h of the ear! mon e i�surance remium beina ' � •'� ".���-=�''
<br /> - :%::,hYs;, ' �9 Y Y �P` P b C�'d by Burrower when th� .��;_,..-
<br /> - , . insuranc:pa7•etage lapsed or ceased to be in effect. Lender will acc�7z.use and retain these payments as a loss reserve in tie�:: �- '=°?" '�"� '' �
<br /> _ • � ;�'.� cf n����nsurance. Loss reserve paymenGs may na longer be required,at the option of Lender, if mortgage insurance . - , ' • ��
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<br /> �,, � • , � �:�?���e`�.ry the amount and for the period that Lender requjres)provided by an insurer approved by Lender again becomes ' `� .:�� '
<br /> • , '�xs�b;i�i�t��.��is oblained.Borrower shalt pay the premiums requirea to maintain mortgage insurance in effect,or to provide z . .
<br /> = ;:-•� ` tass iti,��re,r�ntil the requirement for mort�age insurance ends in�,.�aoiance with any written agreement between Borr�w�;,�• , - '
<br /> � . , • and i.ccr.;erccv�pplicable law. . � .°,', _
<br /> r� ..-.�� �" �� ? 9. P�s�ect�oa. Lendet or its agent may make reascna6�e��,�upon and inspections of the Property. Le�der s1t�i'T ' �
<br /> `',. ° � - . ' �iti�e Bomower notice at the time of ar prior to an inspeca�n spo�ifrJ4r;�reasonable cause for the inspection.
<br /> �"' �'""` � � 10..Condemnation. The proceeds of any award or ctaim far daunages.dimct or conseyuential.in connecttun�vith an;� , �
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