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<br /> --:-°="`-'`==:- np�sroval w1�ic9i�t:al1 nat 1�;u»�eatiei�iat��y witid,�:ld. IS'b:o;,ow�:r f,?�I;fn rn:,�a�;���i r.n�c�,E;-�..•.:,��.,
<br /> - - M L.cnAerR option,�►btaiu cuvcruKc to�rntcct l.snder�right4 in thc!'r.���e►s;�in c�ccord:uic::w%ltli paT��F;iaP11'I.
<br /> ____=_=-_ � /t,l�in�u�ancc�ilicl:'9llfitl ftllt;Wt'.I9 SI11II IK�nccc�Kahlc tc�I,e�idec'anc!shull inclncl�u sta�tJaxd inurtgugr.cl��sse, 7..enik'r
<br /> sh�ll tu�ve tho tlghl tc►hulc�Itx:policits mtd rpnoM'ds. !f L.en�kr raquirey,Huirower shall promptly give to 1•L'ti:I�t'AII[L°CCiE11'i
<br /> �:=.-��4L+� of' i:ii�l ucii�i+nns and renewa!nutices. 6��4+:e eveut nP loss,iiArrow•er shall givt promps n�tice tu�hC tn�uru�ce carier and
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<br /> � Gcndee. l.cnctcr rnay makc yizx�f u:l�r+�if���t❑.a�;.:��;�;;+i,tl,b;� ora,nvrr. �_
<br /> Unlcsv I.e+►dcr ai�d Barow�r ol?�erwise egree en writing,insuraix:c proc:ecds shall be a}�{�litd t�restorat9on ur repa'sr Ut
<br /> Qic Propc�ty damagcd.If�he us!oratian or rcpafr is ccanomicAlly fcaslble and I..endcr�sccurity is n� Irssened. If tlx:
<br /> --------- restoraaion oc repair is ncit econo�nically feasible or Lender's securiry would[ie lesscned,the ensurrnce{�c^oce�d�nhall !�e
<br /> appiicd to �nc Fums scc►tred by this Sccuriry Instrunitnt,whct{�icr or not then duc, with any excess p�id to&�rrower, If
<br />-- — I3orr�wet abandons the F'ropeny, or c�oes not answcr wAthin 30 dnys u notice f'rom I.e��d�r that thr. insueance car�ier ha�s
<br /> -�' affered to settie a clalm, then Lender may collect the:insurance�Srocecds. Lendcr may use the rtnceed9 to rcpair or rtstore
<br /> - - thc Pmperty c�r to pay surns secured by this Securiry Inst�wue�t.wheth�r or rt�t tlten due. 'The 3Q-day}�rivd will begin when __
<br /> � the notice is given. a Iicatior.of rocceds to princi�sl sh�U not exiend c►r
<br /> �����""'� Untess r.cndcr und Bo�rowcr othenvise n�ree in writing,any 'pP P
<br /> _---�=w�--�= postponc the due data of the rnonthly paymcnts refemed to in paragraphs l and 2 or ch:u�ge the nmaunt of the payments. If
<br /> -=_�-�� under patag�'aph 21 ihe Fropeey is ucquired by Lcndcr. Liorrower's• nghc to any insurance policies und proceedy resultirtg
<br /> - �°"°'`"�� fi�+am damage to the[�ropeny prinr to tl�e acquisitian shall pass to Lendcr to the cxtent of the sums securcd by this Security �
<br /> -�-�� Instrument immediateiy prio�to t1►e ucyuisition.
<br /> _=�'���^� 6. �:^.e:�a.Msg,PseseTVati�n. (►lainten�nce nnd Pcotection at the Pronerty; I�orroR•er'9 l,�n Appiicatbn;
<br />�i-�::�„;��'}�� l.easefinlds., Borrower shnl!accupy,establish, and use the Prope[Ly as Borrnwer's principa!►esidenc�uith:�s six.y days aSttr
<br />�,n—,�.��;�r��:_�P;� the execuuon uf ihis Securiry Instrum.ent and shall continue to accupy the Pmperty as t3orrower's priRCipaD residence for at _
<br /> least one year after iite date of occupancy. unless Lender otherwise a�rees in writing, which cousent shall aoi be
<br /> =-`'='�°�;��*�x����• uttreasonably withheld,or unless extenuating circumstanecs exist which are beyond Borrowcr�cmural. Botrower shall rtot
<br /> :�*� '�'�; �" desvoy,dama�;c or impalr the Pruperty,nllow thc�'roperry to deteriorate,or commit waste on lAe Prapeny. Rorrower shall
<br /> . • y1� .! .
<br /> !�-.,,.,�;,.,...:;,: - , be in defaalt if any furfeituc+e action ar proceeding.�vhethee eivil or criminal,is be�un�hat in Lenderti good faith judgment
<br /> :��^"`•�"'��+"•'+`��%�� • could result in forfciturc of the Property or othcnvisc materi�qy impair the lien crcated by this Saurity Insttument or
<br />_ . .. �._..
<br /> _'.�;�`ti,;,:r�:,;,,�,:,; Len�er's sccurity intercsc. Uorrower may curc tiuch a default and rcinstate,as provided in�p�a�sf orfe ture of the Dorrower�
<br /> or procceding to be dismissed�vith a rulin�that,in Lenderk good faith dctcnninauon,p
<br /> '��'•'.•`;,•`"'��"�`•�:� ': interest in the Property ur otl�er niaterial i►rpairment of the lien crcated by this Security Inswment or Lender� securiry
<br /> ' `,',� • interest. 6orrower shall nlso be in default if Borrower, during the lo�n application process, gave materially false or
<br /> � inaccurate infortnation or statemen�s to Lender(or failed to provide Lender�vith any material inforrnation)i�connection with _
<br /> ;,;'.:•.. - .:;•,;a};._. ' tne ivan cviden�ru uy itia ::��, ��.�l�3ir.tl,!�e! ::^' I2!nitr�l to, renrescntations conceming Bo�rower?s accupancy of lhe
<br /> � Propeny as a princiQal e�esidence. If ttus Security Insuument is on a leasehold,Borrowetr shall comply with aii tne provisiuns
<br /> � ."" � of the lease. If Borrower acquires fec tide to thle F'roperty,the leasehold and the fee titic shall not mergc untess Lender agmes
<br /> � to the merger in wriring_
<br /> . 7. Pru4ectton o�'Lc�sder's Rights in the PropeHy If Borrower fnils to perform thc covenants nnd agreements
<br /> • ' �' contained in this Securiry Instn►ment,ar thete is a legal proceeding that may sigmficuntly affect Lend�r§ rights in the
<br /> - ' Property(such as a procceding in banknipicy,probate,for condemnation or forfeiture or to enfarcc laavs or rcgulations),then
<br /> . Lender may do and pay for wliatever is necessary to protect the value of thc Propeny and Lender's righis in the Property.
<br /> � l.ender's actions may include paying any sums�ecured by a lien which h1s prioryty over this Security Instrument,appe�uing
<br /> - .,, .. . .....{, in court,paying ressonable attorneys'fees and cnterin�on ihe Property to make repairs.Although I.ender may take action _
<br /> • under this paragraph 7, Lcnder does not have to do so. _.
<br /> ,-�nv amounts disbu�ed by Lcndcr under this paragraph 7 shsll bccane additional debt of Bomower secured by this
<br /> • �,., . Security Instrument. Unlesy Borrower and Lcndcr agrcc to other tcrtns of paymcnt,these amounts shall M::ir intercst from the
<br /> . � date of disbursement at the Note rate and shall be payable,with interetit.upon notice from Lender to Bomowcr requesting __
<br /> • •. ` payment. �'
<br /> �� •• � S. Mort�age Insurance. If Lender requimd mortgage insurance ac a condition of making the loan secumd by this �,
<br /> ` ••• .,� S�urity Instrument,Borro�ver siiall pay the premium�rc.�vired to maintain ►he mortgage insurance in effect. If,for viy __
<br /> mason, the mortgage insurance coveragc reyuired by Lender lapses or ceases ta be in effect. Botro�ver sha(l pay the _
<br /> , prcmiums requircd to obtain coverage substantially eyui��plent to the mortgage imurance pn.viously in effect, at a wsf __
<br /> . substanually equivalent to the cost to Borrower of the martgage inaurance pn:viously in effect,from a�i alternate mortgage -
<br /> insumr approvcd by Lcndcr. If substantially cquivalent mortgage insurauce covcragc is not available.Borrower shall pay to __
<br />-� Lender each munth a sum equa: to one-avelfth of the ye:vly mortgage insurance pmmium being puid by Borrower when the =_
<br /> :T- ` insurance coverage lapscd orce.�sed to be in ef(ect_ Lender�vill accept,use and retain ch:se payments av a loss reserve in lieu :
<br /> �' ' of mortgage insurance. Loss re.servr payments may no Sc»ger be rcyuired,at the o�t+on of l.ender,if mortgage insursnce �:__
<br /> ,� � coverage(in the as.nount and for the period that Lender reyaims)provided by an insunr approvcd by Lender agtin bccomcs
<br /> -� �� • availab(e and is obiained.Borrower ahall pay thc pmmiums n:yuircd to maintain mortgage insurance m ePfect,or ro�rovide a �
<br /> ' loss rcscrvc,until the rcquinment for mortgage insurance ends
<br /> in accord:uice with any written agmement bet�veen Bomo�ver �',
<br /> = and l.cndcr or applicable Is���.
<br /> �� 9. Inspectton. Lcndcr�}r its agent may makc rea�r�;iabie entries upon:uid inspections of thc Property_ Lender�hall
<br /> .� give Eiomower notice at the time of or prior�o an inspection specifying reasonable cause for the inapection-
<br /> . 10. Contltannat�on. 'Ihe proceeds ot any award or daim for d:images,direct or consequcntial,in connection�vith any
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