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<br />- � > � perind's yY3at Ixader tec�ui�- �insurance ranier providfa�tke iaswunce shatl be phossse by�Bosrower s�ebject w LendeYk .—.
<br /> �� L :. ` { ,`� apgaaval wtdch sha11 u�t bP�inneasonabiy witY�he2d. If Barmwer fai�s w a�ain¢sin covera�e desrribed a�sove.Lender may.su .�",'�.-- _- __
<br /> _ ��s�`<<ti,, • ;,< � �er's bption,aDtaira oaverage to gintec�L,eader'�cights in the PtopeYty in acxordanoe with paragraph 7. � � �_—
<br /> qll i�sur�mce pol�es and tenewals stia'116e ac+oeptabte to Zertder and shall inclade a standard mortgage clause. Lender --- _
<br /> �* shall trave the rig�t to hold tfte policiss and rene�vals. If l.eader tequit+es.Borrowes sM�ll promgdy give to l�en,dqr all rECeipis , °� _
<br /> � . . of pai�premie�ms and nenewai notices. In tJte event of loss.Bo�'awer sAsilt�ive prumpt e�otice to dse�nsurat►oe cYUriei aad '�`��;,, � _,.
<br /> �''. ' Leader. Lend�r m a y make p m of of loss if aot made P�PUY�Y-Borrower, � ,' � �
<br /> l!n �]til�!
<br />-2�. tTnless LeQder a�ai Barroqrer othetwise ag�e in wriung.incurance proceeds shall 6e epp li�d ta resioration or tepair o f ...., .n� ;,.5:•_:,,.,.4;�.-
<br /> y ? ths��COp�etg da�aaged, iF the ttstoration as r�aSr�is cxa�aiealty feast6le and L�uder's sccutity is nos fessened. If the .� _1._.� a
<br /> . } n ceswra�ton ar tepair is not econnmically frasible or Le�tder's secunty w�Wd be Yessened:the insuianse psac�eds shaU be 5 t� �..
<br /> `'' :; },° appli�ed to th�sams secvied hy ihis Secu�iry Insuumen�whether os aoi then due.with any excess paid to Borrower. tf , , 4j- _-
<br /> `-� . , Bortovrcx abandans the Prnperty,,or daes.ctot answer wit�in 30 dsy3 a notice from Lender that the insuranoe camer has � `.;'£.;
<br /> - •.f.�:•,:..; ;ik• .'
<br /> - ,;�,-�, •,, offeced m seuIe a claim,tt�n Lender may collect tive insurauce psnceeds. Lead�may�e the proceeds to repair or restore ' ii,r_;�`',=,` _
<br /> ,_',t°�,,' the progerty o:ta gap,swns sectttYd by this Seeusity In�um�etu.v�lt�ttter br nat the,n due. TI�e 34day periad w�71 begin when , , v---
<br /> '-,:'' � 1IOC RORG2IS glVCA. �` . ; �.-�.''�::ri•:` �°
<br /> . 0 .
<br /> . • r �; Unless Lett�et aa�3 Bonower atherr�ise agree ia wrifmg,any application of ploceeds to priucipal shaD not exten�ar �� �. ;�
<br /> - ,•:., ;.:,::_`'<,, .,.... . Fostpe►ne the due date of the monthly payments iefemd to in paragraphs 1 and 2 ar change th�amount of the paymeats. If ' -��� .�:
<br /> � ' ' under para�h 21 the Property is acquired by Lender,Borrower's n�t to any insurdnce policies pnd procx�ds resulttng u' z. ' -
<br /> "�� s ` ftom damage to tt�e property prior to the acquisition shall p�ass w Len er to the extent of the sums sec�ued by tbis Securiry ; ��� �`
<br /> ' ..z�;x1,..�•.' �,St�umert' :A�IYPriartotheacquisidon. . > �a;.
<br /> - 6. Oocapancy, Preserva4ion, Maintenan�e and Pratecbtoa of the �opertY: Bogrower's I.aaa Appltcatdoa; ti. _�''`-�-�
<br /> -- ��:i+���' ' � •
<br /> _ "1'�,;. ` • Leasehotds. Bmrower shall ascupy.esta6lisb,aud iue the Property as Bmrower's�incipal residence within sixty days after � .:._. ,, •„�:�-
<br /> , ,. : �` `'" "''-•-
<br />- �f`:"�`�•::�Y�`r'' the execution of this Secmity Insuument and shaii con6nBe w actupy the Rnperty as Borrower's pmicipa!:esidence for ai �, .,,�:.:� ,,�:;--_�i:,.
<br />= . = least vtie year after t6e date af u�upancy..unless i.ender otkenvise agrees in�vrriting, which consent sdall not be `. , *`:;°°,-`-�
<br /> �� ':: . un�*�bly withh�d.or unless exfenua6ng�tances exist w6ich are beyond Boirovrer's conuol. Borrowei shall not __ �:-_
<br /> ��Fl. �y- . '
<br /> "�°`,- -- .. _ . -:d�ino3,�iamage'arir�ir the-Propeny.altcsv�;a&e:�'toperty�to deteriorate.occammit.waste on 11te_Pm ._Hormwer.shall_ . ........ .
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<br /> �s;•. ;` - 6e`fi�c�fault if as�.�_i�eiwse acuon or proce�d�ng,whether civil or criminal.is tieSun that in l.ender§goad faith judgment r , �'„_
<br /> �...;.. .. . . .. oat���sult in foif�imre of the Pibperty or qd�erwise materially impa'v the lien created by th�s SPCUrity Insuument or C. , �-*�`
<br /> � �.���
<br /> �, L�de�:�securiry interest. Borro�uer may cure sacti a default and ceinstate.as provided in paragraph 18.by causing the action :� Y ���,;�
<br /> :�.�:�...,+ �:._ .::,,.: . ,; ar�ding to be dismissed with a n�ling tf�a�in Lender's good faith detertnination.Piecludes forfeiture of the Bottotit!er's ' �;, -
<br /> '-: • -- - - - - interest in the Pcaperty or othes materFal.im{?sizment of�ihe lien cmated 6y this Security Insaumeat or Lender�s secdaity --..:, � �
<br /> • inte�est. Bo�wer shall aJso be in defauti.�Borrower, durin the loan lication rocess. ve materi fatse or �.` ` �'-
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<br /> i. �� • inaccurate information or statement�to Lem�.(tir��aited to pmvide Lender with any material infofmadon)in connection with ��Yt�, • •f_.:_,. �,,.,
<br />"; - � . th�I�t evidenced by the Note, inrluding;�wii�not limited to, representations rnnceming Borrower�s ac�upancy of the , r� ' �•
<br /> _ _ ' ..,,. _ '~.;`,,'£?�:,�a%�as a principat;residence: iE this 5�:�Instniment is on a leasehoid.Bo�rower shatl camply with all the provisians '•:. .��•�' '
<br /> � '.�i��.se. If Borcower acquires fee title to�1?roperty,the leasehotd a�nd the fee tftte shall not merge unfess txnder egirees �^''.'�T '��
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<br />� a.. . - ta��inerger in avtiting. � " . . -`#.;.',_, ':_,,
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<br />��. ' f,••. . '`• , . . 7. Protectini��f L.end¢r's Rigt�ts in�tlr�Property. If Borcower faits to pertorm the covenants and agreements •' ���. o:,•::,:;
<br /> �:�'... �"�: :�;�;:;:
<br /> `� +f . . `` ' , COI11ajRCQ jA U31�'sr�xruity Instrument, or thern is a 1ega1 proceeding that inay sig�ificantiy affect L�rcir_t's rights in the •. . . �.-:.
<br /> �t.,, , ._;�:b'.. .,.; F �l''la.'r
<br /> � E . � G . Pc�ec:i�.(such�...� ceedin �n banlau robate.for condemnation or forfeiturc or to enfone laws or f ations),then � . . . �--:�
<br /> y` � g� PuY•P � `l�'�
<br /> �. .=-� �=y ' . = Len�m¢y do��ti'pay for wfiatever is necessary to protect the value of the.Property and Lender�rights in thg Piq�esty. __ �� _
<br /> "���� • Lende'r's actions ma include a ' an sums secured b a lien which has riori over this Secnri instiument, �
<br /> Y P YmS Y Y P tY tY �'(��g ,.•.l�
<br /> _ � in court,paying reasortable attomeys'fees and entering on the Property to make repairs.Atihough Lender may fake dution �_ ,�:
<br /> ';', •�'��;,;,.' under this paragraph 7.Lender does not have to do so. `� '� `'"
<br /> �i'ry'� My amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this - `•. .�
<br /> `y :,�.t�.... .
<br /> �.�,�' � ' Security Inswment. Unless Borrawer and Lender agree to other terms of payment,these amounts shafl bear interest frum the �� �� .�-
<br /> � ,: �r.��
<br /> daie of disbursement at the Note rate and shall be payable."with interest,apon notice from L.ender to Borrower requesting • ��J,r���,
<br /> • payment. . , �
<br /> �r '.;,;�•. ; S. Mortgage Imsurartce. If Lendcr required mortgage insurance as a condition of making the loan secured by this , . . `'��'~
<br /> _ br�;{,: ;:..: gecurity(nsuumeut,l�rnrower shali pay the premiums required to,maintaGf.the mortg�ge insurance iu�effect. If,for any • `;, ,y.}.;;i
<br /> et
<br /> r °-' ' � �.. . , reason; Ihe morc�,'�irtsurance� coverage required by Lender tapses os•c�es to be in effect, Botriit;er sfiall pay the . � ��y����tr
<br /> •. , prem�ur.ms required[o obtain coverage subswntially equivatsnt to the mortgage insurance prrvioaciy in effect, at a cost r . . i ,�+�'
<br /> � sc�sx:,nr�.'aliy equivatent to the cost to Borrower of the mortgage insurance previously in effect,from an altemate rt�a�e ,"A�E�r•F;:��;.
<br /> �. �. i r�r u c r.t p p r o v e d b y I.e n d e r. I f s u b s t a n t i�l l y e q u i v a l e n t m a r t��:i n s u r a n c e c ov era ge is not availabte.Bonower sh;il1 p;�y to � .•r�d•'};� ,�• . �
<br /> 5�,�'. 9 Y Y - ` g S P S P Y , .�.�:z„i r
<br /> Le•:1 each month a sum e ual to one-twelfil��3t c.he earl ;+-1..rt a e insurance remium bein aid b Borrower a�en the .,,!�,•�;;;;:.::,_•�%:'
<br /> _ : . , insurance wveragc lapsed or ceased to be in�ffcs�= Lender will accepi,use and retain these paymentc ac a loss reserve in lieu ... ,.;. ,i.°•�..:;.:;;�'�;
<br /> "'`f� ' of n:ort a e insurance. Loss resen�e a ertt4 r:a no lcn er be uired.at ihe o tion af Lender,if mort a e insurance •• �;�°t ��� •
<br /> , g g P Yn► Y S �1 P & � �f� .,,,��., .
<br /> . � • coYl�rage(in the amount and for tY�_�geriod that Lender reqsst:s)provided by an in:urer approved by Lender again becomes . � a�.t.�� ' ''��'�t�t'..
<br /> ��.,;., •:,x::: ••f.�..
<br /> • ', .�:;'' avatL�ble and is obtained.Borra�r,.�-�tiall pay the pmmiums r�uired to maintain mortgage.insurance in efifect,or to p r o v i d e a �'r::r:�tiu,, .••�• : �
<br /> . �.: .Y;'.��_ , � lossi'eserve.until the neyuiren.er�::for mortgage insurance er.± •m accordance with an written a reement between Horrower . 'if;,:�'�;;`''•,`
<br /> % :� �:..t;;• �' y g �.:.�`s�;r. ',. ' � ,
<br /> , i-:'-.: . ,.��;° ` � , and Lender or appticable law. ••:::,,�',?�,:.,.
<br /> - ` � � 9. 1nSpectEa�.. [.ender or its agent ma�•in:kg rpasonable entries upon and inspections oi thc Property. Lender shall '',': °•s
<br /> � �.l.((i�5!
<br /> ^ V;����. '. .- � give Borrower nas:�x:�.t the time of or prior to ur[i..�e;tu-n specifying reasonable cause for lhe inspection. :��'�-;;�;;,
<br /> ����`� '' � ' t0 Coademstation. The proceeds of an��s.b._r�?ar claim for damages,direct or conseyaential,in connection with any •-
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