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<br /> �►criods tliat I.endor reqnlre9. Tho insumiice cnalcr provldinB the insuranca sh�il6e chasen by Borrawer eubject ta I.cr+der's
<br /> approval which shall nat!�upreasnnnbly withhsld. If Bonower fulla to mnintuin coverage dcscribed above,Lcndcr mny,at
<br /> l.ender'�aption,obtein wvernge to p�ntcct l.enderk eights in thc Nroperty in uccordunce with parngraph 7.
<br /> AU insurance palicles and renswats s5a11 be acceptable to Lcrnler and eha11 lnclude u startdatd martgago clause. Lender
<br /> ehatl have the right to hold the policf�s and c�encwalA. IP i,ender nqulre,v,Barrower�hui!pmmptly givo to l.ender all reccipts
<br /> of pdd primiume md renawal notice�. In tho event of lose,Bonower�hall give prampt natice tv tha insurnnca carrier and
<br /> Lcnder. Lender may mnke proofP of loss�if not rr�ade promptly by Borrower.
<br /> Unlr.►x Lender u�xf Bor�ower otixrwiso ugrce i�welUng�insw�ance pracceds ahaU 6e upplled to nwtorntton o�repnir of
<br /> the Ptopetty dsm�ged ff the restoratton or repatr is economically feustble and Landerl�secu�lty is not leasened. If the
<br /> reatoration or rep:ir ia not economically feaslble nr Lendorl�secudty would ba lessened,the insuranca pra;ceds shall be
<br /> applted t�tho sums stcured by this Secudty Insuument�whedur or not then due.with any exceas puid to Bomower. If
<br /> Bomnwer abandons the Property,or does not anawer within 30 daya u notice from l.ender tltat the insuranco carr[er has
<br /> offend to s�tde a claim.then[.ender may cotlect the inaurnnce pracer,cls. Lender may use the proceafs to repAlr or restore
<br /> the Property or w pay sums aeoured by this Security/natrumCnt,whether or nat then due. The 30�tuy pertod will begin when
<br /> the notico is given.
<br /> Unloss Lender and Socrower other.wlRe osree in wridng.any nppllcation af proceeds to principal shap not extend or
<br /> postpono the due date of the monthly puyments nferred to!n pamgmphs 1 and 2 or change the amount oP the pAyments. If
<br /> under parngraph 21 the Ptoperty ia nequired by Lender. Botrower�s dght to any �nauranc�pollcIes and proceeds resuldng
<br /> from damage to the Prop�rty p�ior to the acquisidon ahall pass to Lender to the extent of the sums secured by this Security
<br /> Insttuument Immedlattly ptlor to ths uc ulsition.
<br /> m
<br /> 6. Oecupancy. PreservAtton, aintenAnce and Proteciton ot the Property; Borrower's I.flan Appiicattoa;
<br /> I,eASehdds, Borrnwer shull occupy,estublish.and use the Property as Bormwer�a pdnclpal resIdence w�thin sixty duys nfter
<br /> tho execudon of thts Securlty Insmunont and shnll coniinue to occupy the Pcoperty as Borrower's prlrtcipal restdenca for at
<br /> leust one year after the dnte of occuptu►cy. unless Leader othervvise agm.es in wrlting, whtch consent shall not be
<br /> wu+easonabIIy withheld,or unless extenuatln�clrcumstances exise which are beyond Bomower'�contcal. Bomower shull not
<br /> destroy,damage or impair the Property.Allow the Property to deteciorate,or commlt waste on thc Ptoperty. Bonrower shall
<br /> be in default if uny Forfaiture ucdon or proceeding, whether civil or criminal,ls begnn that ln I.enderh good faith judgment
<br /> could result 3n farFeiture of the Property or otherwIse enaterially imp�ir the lien created by this Securiry Instcument ar
<br /> Lenderb secudty interesL Homower may cure such a default And reinstate,as provided in paray*raph 18,by enusing the acdon
<br /> or pro�:eeding to be dismissed with a ruting that,in I.enderh good fatth determinatlon,precludes forfeiture of the 9orrowerh
<br /> interest in the Property or other material impainnent of the lien created by this Secudty Inshvment or Lender� security
<br /> interes� Borrowcr shnll ulso be in default if Horrower, during the Ioan applicadon process. gave matedelly false or
<br /> Inaccurate informariun or stutements to Lender(or failed to provide Lender with eny material information)In connection wlth
<br /> the loan ev[denced by the Nate. lncludin�. but not llmited to, representadons concerning Borcower� occupnncy of the
<br /> I'ropcsty�a pri�scipsl t�3destce. If lhls Secs:riiy Insttument Is on e le�*?h�ld,R�rmwer chali camply with ell the pmvisions
<br /> of the lease. If Homower ucquires fee citle to the PropeRy,the leasehold and the fee dtle shull rtot merge unless Lender u�rees
<br /> to the merger in writing.
<br /> 7. �'rotectton of I.ender's Rights tn the Propenty. If Horrower fails to perFonn the covenants and a�+eements
<br /> � contained in this Securiry Instrument, or thene is a legal proceeding that may signi�candy affect Lender's r�ghts in the
<br /> Property(such as a proceeding in batdwptcy.pmbate,for condamnadon or forfeIture or to anforce laws or reguladons),then
<br /> Lender may do end pay for wh¢te�cr Is necess�ry to protect the value of the Pmperty und Lender's righu in the Fmperty.
<br /> Lender�s actlons muy include paying any sums secu�+ed by a lten whtch hav priorlty over this SecurIry Insaument,appeuring
<br /> in court,paying reasonable attomeys'fees and entering on the Proparty ro make repairs.Although Lender may tako actton
<br /> under this paragraph 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragcaph 7 shall become addidonal debt of Bocrower secw+ed by this
<br /> Securlty Isisttument. Unless Borrower and Lender agree to other terms of payment,these amounts ahall beAr interest from the
<br /> date of dlsbursement at the Note rate and shail bz payable,with interesti upon notice from I.ender to Borrower requesdng
<br /> paymen�
<br /> 8. Mortg,age Iasurac4ce. If I..ender requlred mortgage insurance ns n condidon of makin�the loan secured by this
<br /> Securlty Inshumen� Borrower shaU pay the prem}ums required to majntain the mortgage insurance in effec� If.fox•uny
<br /> , reason. the mortga�e instuance coveruge requiced by L.ender lapses ar ceuses to be !n effect, Borrower shall pay the
<br /> , prtmiums required to obtaW covernge substandally equivalent to the mortgage insurance previously in e£fect. �t a cost
<br /> substanNally equivalent to the coat•to Bomower of the mortgaga insurance prevlously in effect,from an niternate mortgage
<br /> insuror approved by Lender. If subswntialiy equivalent moKgoge insurance covernge is not avnilable.Borrower shnll pay to
<br /> Lender each month a sum equal to one-twelfth of the yearly mort�age insurance premium being paid by Borrower when the
<br /> insurance coverogo lapsed or ceased to be in effect. I.ender will nccept.use and retain these payments as a losa reserve in lIeu
<br /> af mortgage insurence. Loss reserva payments may no longer be required.at the option of Lender,if mortgage insurance �'
<br /> covernge(in the amount and for the,period that I.ender requires)provided by an insurer approvecl by Leader again becomes .�
<br /> available and is abtained.Borrower ehall pay the premIums requfred to mainta{n moaguge insurance in effec4 or to provide a ;�,�;�z;
<br /> loss reserve,untll the requirement for mortgage insurance ends in uccordance with nny written u�eement between Bomower � '
<br /> und Lender or appllcable law. ''�:
<br /> 9. Inspection. Lender or its agent may meke reasonable entrIes u�son and inspecdons of the Property. Lender shall 'i• :
<br /> give Borrower notice at the time.of or prior to an inspecdon spec3fying reusonable cuuse for the inspecdon. �:"
<br /> 10. Condemnadon. The proceeds of uny awc�rd or elaim for damages,direct or consequentlat,in connecdon with any
<br /> Singie i'nmily»Elonnie fl��rtddk Mae UNIEO1tM INSTRUMENT»Unifom�Coven�nta 9l90 (page 8 ojb pagea)
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