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<br /> per�ods ttiat Lere�er t+equires. Thv inxurnnse carrlcr providing tlia insurnnce sh�li be chosen�y Bornawer subject to l.�nder�
<br /> approval which shaU r.ot be unreasonably withhel�. If Bormwer faila to nulntaln��Wge�ld�be h�OVe,Lender may,at
<br /> I..ender�opdon,obtaIn coverage to protect Lendec�s c3ghts En tt�e Ptoperty P 8�P
<br /> Ati insurAnce polictes end anewala ahaU be acceptable to Lender and Fhall includd n stundard�yo S�a�nder ull cece[ ts
<br /> n shall have the dght ta hold tho pol{cies and tencwals. Yf Lender requtces.Sarrower shaU prompUy g p
<br /> of paid przmtums suid tanewal notice�. Tn the event of loss,Borrower shnl!glve pmmps notice to the insuronce currier and
<br /> l,ender. l.ender may make proof of loss if not madc promptly by Borrower.
<br /> . Unless I.ender and Horrower othcnvlsa ugvee In writing.insur�u►ce proceeds shull ba upplied to re.gcoracion or��cpnir af
<br /> the Psnpeity damaged. if�1►e restor�don or repair is economtcally feusible und Lender s aecudty is not Iessened. If the
<br /> • �zstorallon or nepalr is not economicolly feasibla or i.ender�s seciulty would be lessened,the insurunce proceeds shnll be
<br /> applied to tha sums se.cureA bY thts Security Inswme°� Whether or not thea due.with nny excess Paid to BoTrower. if
<br /> go�W�r ubandony the propecty�or does not answer wlihin 30 days a notice fram Lender that the insumnce carrier has
<br /> offcsred to setde n c1elm,thcn I.ender may collect the insurance procetd.g• Lender may use tbe pmceeda to repuir or restote
<br /> the Pe+nperty or to pay sums secw+ed by thls Secutiq'Instcume°�,Whether or not then due. The 30�day period will Hegin when
<br /> the notice is glven. ftcauon of toceeds to principal shall not extend or
<br /> pnlesa Lender and Borrower othe�wise ugee� in writing,any app P
<br /> postpone ths daa date of the tnonthly payments referted to in parugraphs 1 artd 2 or chang6 the amount of the puyments. If
<br /> under parugrnph 21 the PropertY is aaluired by l.ender. Borrowerh right to any insurunce policles and prnceeds resaltin�
<br /> fror�n damage to the Property prior to the acquisitton shall pass ro I.ender to the excent of the sums secured by this SeGUdty
<br /> Instrumeat immedlately prior ta che acquisidon. garmwer's I.oau Appticxtton;
<br /> 6. Oceu�ncy, PreservAdon, Maintenance aad ���o�Borrowe�d��al res�dertce within stxty dnys after
<br /> Lessehold.q, Lbriower shall occupy.escablish,and ase the Property P P
<br /> U►e eaecudon of tt�ia Scxiuity Insmin►ent and shaU condnue to occupy tho Property as Aorrower§pdncipni residence for at
<br /> least one yeur ufter the dnte of occupancy. unless Lender otherwise agrees in wcldng, whtch consent ahpll rtot be
<br /> w�res.gonably wIthheld.or unless extenuating etrcumstancea exiat whlch ure beyond Borrower's control. Bp$0��,�shall
<br /> destroy�damage or impair the Property.ailow the Property to deteriorate,or commic wuste on the Prnperty.
<br /> be in default if any forfeicure acdon or pmceedin8•whether civil nr criminal,ls beBun that in Lender`s good faith judgment
<br /> could result In ferfeituxe of the Property or othenvise materiallY imPai�'the lien created by this Securiry Inswment or
<br /> Lender�secutity intereaG Borrower muy cure such a default and r�einstnte,as provided[n para�raph 18.by causing the tution
<br /> or proceeding to be dismissed with a niltn$tha�in Lender�good faith determinatfon.precludes fort'eiture of the Borrowcr's
<br /> fnterest in the Property or other matedal impaiiment of the lien created by thls Securlty Instrument or L.ender�s security
<br /> {nteres� Boirower shall also be in default if Bomower, during the lo�ut applicadon proceas, gave materlaUy false or
<br /> �suraiP inforrnation or statements to Lcnder(or falled to pmyfde Lende;�witt►any��������r g j�un�un y af the
<br /> � tha loun evidenced by the Note. includIng. but not iimited co. tepccsa
<br /> of the I�eA.s�e IIIf Bormwersucquires f�t�t1e o tlte Pr�opertY ethe leasehold anhdjthe$fec flt e shall not elrge u�n[ss Lend�erVnggrees .
<br /> to tho mes�ar in wrtting. � 1f Horrower falls to perform the covenants and ogreements
<br /> 7. Protection ot Lender� Rights in the Property
<br /> conteined in thts Securiry Ins�n►ment, or there is u legal proceeding that may slgnificantly affect Lender's rights in the
<br /> property(sach es a proceeding ir►banktuPtcY•Probate,for condemnadon or forfeiture or�a Lender�s t3 hts i�r►the Pcopetty.
<br /> Lender may do end pay far whatever is necessary to pmtect tbe value of the Property �
<br /> Lender�s actions may include paying any sums secured by a Ilen which has prtodry over th{s Securlty Insuwnen�appearing
<br /> in court,paying reasonable attomeys'fees and entering on the Property to make repairs.Althou�h Lender may cake action
<br /> under this paragcaph 7,I.ender doea noi have to do so. .2..
<br /> pny emounts dis6ursed by l.ender under this paragraph 7 shull b�ome odditional debt of Borrower secured by this ,_.
<br /> dnte�of dI bursement at the Note�rat r an d h a lle b e pa nbt�wIth �►�t upon nou'cc from Le der�to Borrower Sreq��m in� ,�:�%*
<br /> pa anG Mo�ge�urence. !f Lender nquired mortgage insurance s�s n condition of mnking the loun secured by this "'"°'
<br /> Securlty Instiument, Bomower shall pay the premtums mquired to maintain the moR�age insurance in effecG If.for any '''.
<br /> reason. the mortga�e insurunce coverage c�equired by Lender lapses or ceuses to be in effect, Borrower shall pay the .:^
<br /> � premiums vequired to obwin coverage substanUally equivalent to the martgage insur.►nce prevtously in effect, at a cost �,,,�
<br /> � substandally eciu�vuisnt to the cost to Borrower of the mortgage insurence prevjousty in effect,fmm an ulcemate mort�age
<br /> insurer approved by Lender. If substantiatly equtvalent mortguge insurance covem�e is not avuilable.Borrower shali pay to "'
<br /> L,ender ench month a sum equal to one-twelfth of the yearly mortgage insurance premcum being paid by Borrower when the �;r,,,
<br /> insurartce covesage lapsed or ceased to be in effect. Lender wiq accep�use und�etain these payments as A loss reserve In lieu ,,,�:
<br /> of mortgage insurnnce. I.oas reserve payments may no longcr be requ�.b��n uprer�app ved by Lender aguin bcTOmes � '
<br /> coverage(In the amount end for the perlod thnt Lendcr iequires)p Y
<br /> uvnilable and is obtalned•Borrower ahall pay the premtums cequired to maintaln mortgage insurance in eftect,or to provide a , .
<br /> loss resave,undl the requirement for mortgage insurance ends in accordance wtth c�ny written agreement between Borrower ,�,
<br /> � and Lender or appUcable luw.
<br /> 9. InspecUon. I.ender or Its a�ent may m�lce re�sonable enqies upon and inspecdons of the Property. Lender shall
<br /> give Bmmwer notice at the time of or pdor to an inspection specifytng reasunable cause for the tnspecNon.
<br /> 10. Condemnatton. The proceeds of any award or daim for damages,direct or consequential,in connectlon with s+ny
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