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<br /> periodc thn¢G:ncier ra,quires. Thq insuraitco carrIar providfn�the insuranc�sh�ll b�ettos�e,�by Bono�ver subject to Lendern
<br /> � npprovW which ahnll not be ur�masonnbly wlthheld. If Borrower fails to maintuin covsrnge descdbed nbove,L,endet may,ns
<br /> L.enderta option,obtain coverage to protect l.ender's dghts in the Propzr4y 1n uccordance v�{th pasagruph 7.
<br /> AU ir�aeuance paflcles and renewule ehall be ucceptable to Lender and shal{inc7ud�e stanAard mortgage cluuse. l.ender
<br /> ahall huve tho right tn hold the pollcies and renewals. If Lendar requires,Horrower sht+ll promptly give to l.cnder ali reccipts
<br /> ' of paid premiuma and trttewal nadces. in the event of loss.Boaower shall give pmmpt notice to ttte insumnce cartier aud
<br /> L,ander. Lender may make proof of lass if not mnde promptly by Borrower.
<br /> Uptess I.ender and Bo�rower otherwise$$ree in writing,inRUrance proccuts slEa{i bu appficd to n:sWratton or rcpair of
<br /> the Pruperty demaged 1��a ��orxti� or repair iA economically feaslble and Lenderk serurity is nat lessened. If the
<br /> restoratlon or repa(r is not economIcully feasible ar Lenderh sccudty would be lessened.the insurnnce proceeds shnil be
<br /> applicd to the sums seciu�ed by this Socudry Instrumen�whether or not thsn dut,with any excess paid to Borrower. If
<br /> Borrower abandons the Property, or does not answer wlthin 30 days a notice fr�m I,ender that the insurance carrier has
<br /> off�red to seale a claim,then�.ender may collect the insurance proceeds. Lender may use the prr.crxds to repair or restore
<br /> the Fropetty or to pay sums secured by this Secwity Instnunent,whether or not then due.The 30�day perlod will begln when
<br /> the nodce is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of procceds w principal shall not extend or
<br /> postpone the du�date of the monthiy payments refemed to in paragraphs 1 and 2 or change the amaunt of the puyments. If
<br /> ur:der parageph 21 the Propert�+ Is acquired hy Lender.Borrower�s right to any insurance policles and proceeds�esultlns
<br /> from dumags to tfie Property pnar to the acqujsition shall pass to Lender to the extent of the sums secured by this Secur3ty
<br /> Insuument immedlately prior to the acquisition.
<br /> 6. Occupapcy, Preservation, Maiatenance and ProtecUon ot the Property; Bormwer's I.oan Appilcattan;
<br /> I.eassholds. Borrower shal!occupy.estabiish,and use the Property as Bornower�s principal residence within sixty days ufter
<br /> the executton of this Security Insmiment und shall contlnue to aceupy the Property as Borroweri�principal residence for at
<br /> least one year after the date of occupancy, unleas Lendcr otherwlse Agc�ees in writing, which cansent shall not be
<br /> unreasonably withheld or unless extenusting circumstances exist which are beyond Borrower's control. Borrower shall not
<br /> destroy,damage or impalr the Property,allow the Property to detedorate,or commit waste on the Pcoperty. Horrower shall
<br /> be in default if any forfelture action or�+r�ceeding.whether civil or edminul,is hegun that in Lenderb goad faith judgment
<br /> could resWt in forfeitare of the Property or othecwlse materially fmpair the lien created by this Secwity Instrument or
<br /> I..ender�securlty interest. Borrower may cure such a default and reinstate,as provided in pacagraph 18,by causing the actlon
<br /> or pmceeding to be dismissed with a ruling that,in Lender:s good fulth detemtinatIon,precludes forFeiture of the Borrower's
<br /> ^ s•�•. inte�+est in the Property or other material impairment of the Iten created by this Security Insuument or L.�:nder's security
<br /> " interes� Bortower shell �Iso be In default if Bomower. during the loan appitcation process, gavc materially fals: or
<br /> inaccurate informaGo�:or stetements to Lender(or failed to pmvide Lender wlth any material Informadon)in connection with
<br /> ..:L�'?;. the loan evldenced by the Note. including, but not limtted w. representadons conceming Borrower� occupancy of the
<br /> F�+operty ar,a principal�idcn��c. If tbis S�.urity Instrumesst is oss a lc�ehold.IIossai:sr shall camply ti ith a!1 iha pt�ovision�
<br /> ',.•,:�;�.� of thc lease. If Bomower acquires fee title to the Property,the leusehold und the fee title shall not merge unless Lender agrees •
<br /> ; �+;' - to the mer�er in writing.
<br /> '��'' 7. Protection of Lender's Rights tn the Property. If Borrower faiis to perform the covenants and ageements
<br /> ' `�'"' contained in this Sec�uity Instrument,or there is a legai praceedin� that may significantly affect Lender� d�hts in the
<br /> ?��u r�, '�i� Property(such as a proceeding in banknrptcy.probate,for condemnation or forFetture or to enforce lnws or re�ulatIons).then
<br /> "� � ' :`'x� � Lender may do and pay for whatever is necessary to protect the valae of the Property and Lender's rights in the Property.
<br /> ' ''�� ' Lender's nedons mny include payin�nny sums secured by a lien which has priority over this Securiry Instrument.uppearing
<br /> in court.paying masonable attomeys'fees and enterfng on the Property to make mpairs.Although Lender may G3ice action
<br /> '�� • under this para�raph 7,Lender does not huve to do so. �•:�
<br /> Any amounts disbursed by i.ender under this paragrnph 7 shell become additional debt of Borrower secured by this ;,;�
<br /> Security[nstrument. Unless Bonower and Lender agree to other tecros of payment,these amounts shall bear interest from the •-�•
<br /> date of disbursement at the Notc rate and shatl be payable. with interest, upon notice from Lender to Borrower requesting {�
<br /> paytnenG ;.:•�
<br /> � :`+',:;� 8. Mortgage Iasurance. If Lender required mortgAge inswunce as a conditlon of mnkin�the loan secured by this ,..„
<br /> Security Insuumen� Borrower shall pay the premiums mquired to mnintttin ttte mortgage insuriutce in effect If.for aity ,,_,
<br /> •�=•:y;: , reason, the mort$a�e insurance coverage required by Lender lapses or cesises to be fn effect. Borrower shnll puy the .;�;
<br /> ,1;a�;,��f.; pnemiutns required to obtain coverage substar�tlally �quivalent to the rr�.nKgage insurance prevtously in effect, at a cost • '
<br /> .,.�.-°• (>,,, substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,from an alternate mortgage
<br /> �:r�;� •� • '.•: tnsurer uppmved by Lcnder. If substantially equivalent mortguge insurance coverage is not available,Borrower shall pay to
<br /> fii.i.;.tr.V';�; Lender�ch manth a sum equal to one-twelfth of the yearly mortgnge insurnnce premium being paid by Borrower when the ;
<br /> :�°;.•..•.,- insurance coverage lapsed or ceased to be in effect. Lender will uccept,use and retain these payments as a lass reserve in 1[eu
<br /> r;^;. •. , of mortga�e inswance. Loss reserve payments may no longer be required,at the option of I.ender,if mortgage insurnnce
<br /> , coverage!in the amount and for the period that Lender requires)provided by an insurer appmved by Lender ugain becomes �
<br /> -''� � available and is obwined.Borrower shall pay the premiums required to maintain mortgage insurance in effect,or to provide e
<br /> :x#�;�r�:�-•� '�, loss reserve,until the requirement for mortgage ir►surance ends in uccoc�dar�ce with uny written agreement between Borrower
<br /> '�;� and Lender a applicable law. �°
<br /> ��. ���� 4. InspecUoe. Lender or its agent may meke resuonable entries upon and inspectlons of the Proj+erty. Lender shall
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<br /> •''� ;;.:�.:• � �ive Borrower nodce at the time of or prior to an inspection specifying reasonable cause for the inspecti^,i. � �
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<br /> •��t x,.•,., . ,� 10. Condemtuttion. The proceeds of nny uward or claim for dumages,direct or consequenttai,in cannecdon with any
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