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<br /> periucls Ihnt Lcrt�cr reyuiras. '�ho Ensur�uue cunler provIding the insurance st►ail bc choscn by�orrow��i:F�tdcrb
<br /> �pproval whkh sh¢II not bo unreasonwbly w3thhsld. I�'Honower fnils to muinWe�coveraga descdbed abov�,Lendcr mny�nt
<br /> Lenderh option.obtain cpverage to prosect Lenderl�d$hta in the P�vixtry in accotdance wlth paragraplt 7.
<br /> All insurance policies and rcnewals ehWl be ncceptalrle to L.encler and Rhatl Inrlude e standard mortgage eDauu. Lender
<br /> sNdl h�ve the etght w hold tfso policics and renewsls. If L.ender nrguircs�Bormwer shall pmmpdy give ta l.endee x11 rsceipte
<br /> af gaid p;cmfur�ss a�rcn.,,wct notfus. !n tht event of loss,F#nrrbwer sh�l1 give prompt notie�s t�the insursrtc�e carrier and
<br /> Len�r. l.en�es may make proof of loss if nnt n�ude pronnptly by 8onower. '
<br /> Unless I.ender a�d Borrower ottrcrwlse agrca!n wridng,lnsurance proceeds ahail be npplied to restomdon or reair of
<br /> the Property damAged. if the nstoradon or repair ls economtcnlly feaslblo and Lenderl� icecuriry is not lessened. If the
<br /> restoradon or repair is not economically fensible or I.endee's securiry would be tessened.the inaurance proceeds shull bo
<br /> applted to tho sums secured by thia Secueity InsUumen�wheth�� or not then due,wtth uny excess pa[d to Scaower. If
<br /> Bomawer abutdons the Property,ar does not nnawer within 30 duys n notice from Lendet thnt the jnsurance catrier hn�
<br /> offered to settte a claim,then Lcnder may coltect the insurance procetds. Lender may use the proceeds to nepair or restora
<br /> the Propcny or to pay stuns secured by this Security Inswment,whether or not then due. Tho 30duy pedod wq!begin when
<br /> the nutice is given.
<br /> Unless Lender and Borrower othervdse agree In writing,any application of praceeda to prIncIpal shall not extend or
<br /> �astpom dto duts date of the monthiy paymenu refemd to U�paru��aphs 1 and 2 or change tke:unount of the payments. If
<br /> under�uugra�h 2! the P[operty Is acquited by L�.•ader.Borrawer�dght to any tnsumnce palicies and proczeds resulttng
<br /> fmm d�unage co the R+�perty prlor to ttee acqu}sitfon shall pass to Lender to th�extent of the�ums secwed by thts Security
<br /> Insvwi�ent immedi�ly pr�or to the acqulsidon.
<br /> 6. O�oan�c� Pae�servatlon, M�tatenance and Prot¢�k�n ot the Aroperty; Borrower's Loun Applicatloai
<br /> l.esse�oi�is.Bu�rours shaU accupy,estabiish,aad use the F�vpeaty�s Bnmower's principal re�tdenL�e wid�u�sixry deya etter �
<br /> tho exxnt+�an qf this S�urity Instcument a�td shall contlnue to occupy the Property as Bomower�s principal residence far at
<br /> least aee year after t�a date of occupancy. unless Lender othenvjse ngreES tn writing, which cansent shall aot be
<br /> unreasonssbly withheld.�r unless extenuating ckcumswuces exist whkh are beyond Bomoweris control. Bom�wer shall rtot
<br /> destnny.damage or impair the ptoperty.allow the Property to detcrlornte.or commit wc�stc on the Property. 8orrower shall
<br /> be ln default if any forfeituie acdon or proceeding,whether civil or triminul.is hegun thai in Lender�s good faith judgrrtent
<br /> could�sn.it in forfeiture of the Pmpe,sty or otherwise matedally impair the Iten ce�tcd by this Security Insnument or
<br /> Lender�senurity Intems� Horrower may ctu+e such a default su►d�eenstate,as pruvided in paragraph 18,by cuusing the action
<br /> or pr000eding to ba dismissed wlth a nding that,in Lender's good faith determinatton.precludes forfelture of the Borrowerb
<br /> Inteiest in the Froperty at other material impaicment of the lien created by this Security [nsUVment or Lender's sec�rlry
<br /> Inte�est 8omower shall also 6e in defauit if Borrower. during the toan appHcatlon pracess, guve matcrially false or
<br /> inaccurat�inforinadon or statements to i,ender(or failed to pmvide Lender with any material infonnation)in connection wlth
<br /> the loan evidenced by the Note, including, but not limited to. ceyiesentadons conceming Borrower's occupancy of the
<br /> P4ope:ty es a principal,residence. If this Security Inswment is on a leasehotd.Hoirower shail comply with alt the provisions
<br /> of the lease. If Borroa�er acqulres fee tide to the Property.the Iestsehold and the fce tIde shnll noi merge unless I.ender a�rees
<br /> to the merger In writing.
<br /> 7. ProtecUon df I.ender's Wghfa In the Property. If Borrower fails ta perform the covenants and agreements
<br /> contain�i in tlus Securtty instrumeat, or thene is a legal proceeding tbat may significantly affect Lxnder� rights in the
<br /> Property qsuch as a pmceeding in bankruptcy.probate,for condemaadon or forfeirure or to enforce lawa ar��uladons),then
<br /> Lender may d'o and pay for whatevei is nacess�trry to protect the value of the Property snd l,ender�s ri$hu In the Property.
<br /> Lender's actions may includa paytng a�y sums secured by a lien whlch has prloriry over this Security Instrumen�appearing
<br /> in couR,paying reasonable attomeys'fee.r and entering on the Property to make repaus.Although l.ender,retay take nction -
<br /> under tdjs paragraph 7.L.ender does not have to do so.
<br /> Any emounta dIsbwsed by L.ender under this parngruph 7 shall become additional debt of Bomower secured by thts
<br /> SecuriEy Inswmen� Unless Borrower and Lender agree to other terens of payment.these um�ounts shull bear interest from the
<br /> date af di��vrsemeat at the Note rate and shull be payabie,wlth ia�terest,upon nodce from Lender to Borrower requesting
<br /> paymen� .
<br /> S. MorR�ge iae�rnnce. �f I.ender rrquired mortgage insurance as a rnnditlon of making the loan secured by thIs
<br /> Serurity Ins�umrnt,8orrower sltall pay the premiums required to maintei�►the n:ortgage insurance fn effect. If.for any _
<br /> reason, th� trtortgage insurance cavecage c+equired by I.ender Iapses or ceases to be in effect. Borrower shall pay the
<br /> piemiums seqt�esl to obtaIn oov�rng� substantially equivalent to the mortgage insurance previously in effecG ut A cost
<br /> substentially equivalent to the oost ro Borrower of the mortguge inswance previously in effect.from an altemate mortsage -
<br /> insurer appmved by L�endtr. If substantinlly equivalent mortgage insurance coverage is not availuble,Bomower shull pay tu .�.
<br /> Lertder each month a�suQn equal to one-twelfth of the ye.�rly mortgage insurance,premium being paid by Borrower when the =_
<br /> insunu►ce coverage lapsed or ceasad to b�e ln effec� L.ender will eccept,use and r�etoin these puyments as a loss reserve in lieu �
<br /> of mortgage insurance. Loss neservo payments may no longer be requierd,at the option of Lender,if mort$age insurance -
<br /> coverage{in the amouat and for the period that Lender requires)provided by an insurer approved by Lender again becomes �
<br /> avallabfe und is obmined.Borrower shall pay the pnhniums reyuired ro maintain mortguge insuranoe in effec�or to provide A
<br /> loss ceserve,unti!the requirement for mongage insurance ends In accordance with any written agreement between Bo�rower .
<br /> and Lender or applicable luw. �
<br /> 9. inspectton. Lettder or its ageat may make reasonable entrics upon and inspecdons of the Property. i.ender shall F.
<br /> give Horrower notice ut the dme of or prior to an inspecrion sQecifying reasonable cause for the inspecdon. �
<br /> l0 Condemnation. 'Ihe proceedss of any award or c(aim for damages.dlrect or consequendul.in rnnnecrion with any
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