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<br />_ �_� . - ` .L' • pesods that Lender iequiies. 'iI►e insuraaoe ratrier providing the ia�tuaase shali Irt chasen try B�rc'a�su��ect��I�derTS . ;;�._�.=_-
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<br /> aispmval�vtticb ahall not be unn�sonabIy wit3�hei� If Bor�ower fa�s to mainmin covera�e aesrn'bed abov�.Lender may,at ' r : ,� _
<br /> .. � 4' 1.eader�option.obrain coverage to prosect Lender�righ�.4 in the Property in accordaace with P��Pb?• • • r4 y�9 f y_.•
<br /> :� . . • All'u�sv�aace palisies aad ceaenrais shatl be acceptable to ILender and shall iaclad�u staadarB czortgage clause. i.ender - __
<br /> . � ;� . si�l 6ave the rig�t to ho2d ths poli,�ies and renec'vals. if Leader requiies.Borraa�er Sball P�PUY�ve to Le¢dzr al!tece�s �'�t�,.._- _ -
<br /> .. �of paid�inms and maewal aatices. tn th�ev�t�'r Ioss.Borrower shall give�manpt reoBce to t&e ins�uranse cacries an+d ""° . -
<br /> , • � Leader..Lender may�nake gsoof of toss if not�ade prampdy by Bormwer. ��'.,` �'�-:
<br /> � ' , UnIess Leader�nd BqTmwer otherwise ag�ee in writiffa.iasuranse proceeds shall 6e applied to�estoratian or tepsir ef <«�"'� �
<br /> . • ` the.Progarty dam b�ed.'dr We mstotation ar repair is ecottamically feasibie and Lender� security is not lessened Y€tl� �~`�"--:
<br /> - - �-� �-c tesl4talioa or negais is aoi eccgomicatly feas�2e or l,�tdes's seaulty waatd Is;l�a�.the nttitu�tce gsac°�..�.ds s�a11� �J ._. ._
<br /> ' a•.�.::_,
<br /> . . . applied to the stsmsms sec�ued by this Secmity L�s�umen�cvhett►er or nat then due,with aay exce�s paid to Bomnwer.�If • --_:=--- -
<br /> , �,c•. ' . . . Boirawei�.bandons ths Progerty,or daes aot ans��er within 30 days a Qotice 6ram Leader that�fte in$niance carrier hus ,�",`:'�_-
<br /> _� . , offered to setxte a ctaim.then E.ender raay coltect the in.suraace pmcceds. Lender may use�he proceeds to Yepair or iestor�. "-
<br /> .. . �. the Pcogerty or to pay sums secured by this Security Instrument,urhether or not th�due. 7t�e 3fJ day period�vi11 begin vifien . —
<br />= f: . . r•` the nouce is given. -
<br /> . , Unl�Lender aud Bosrower otherwise agree in writis�g,any appl'v�rion of proc�eds to prinsipal shait nat extead ar
<br /> : . . postpoae the due date of the manthig Paymeats m�femzd to in paragraphs 1�ad Z or cS�ange t�e amasmt of the payments. If �
<br /> .��� , � � m�der paiagrapb 2I.tl�e Property is acqaired 6y I.ender,�ormwer�right to avy in,-uraace policies and pmceeds i�s�Iting ' . � �
<br /> � . • " frOnn damage ro the t'roperty prior to the acqaisition shsll pass[n Lender w the extent of the sums secuned by this Sec{aity •
<br /> ' � ' > Insaumwt immediately priar to the acquisition. . . .
<br /> . . 6- Ooeupmacy, Freservatlon. Matnte�ance asd �mie�tion of die Pmpartp; Burrower's La�a 1BP��� . � .
<br /> , :� < . lRase@oids. E,m ver shal.zaupy. �sta�lish,an+tue t�Ptn�rty as Bomnw��PriaciPa!rasidence withiii sixty days aft�r
<br /> ` � : . ', th�execution of this Sec�uiry Instrument and shaL,.ontimce to uccupy the Pr�perty as Borm�er's prmsipal�esidenee farat. :
<br /> ` ' least oAe year after the date of ocwpancy. antess I:ender otfierwise a m writfn vil� consent �11 apt be
<br /> � ,- ,: am�easo�ably witbheld,m unless exteaaating circiunstanoes exist which ace be�yond Borro-ver�s oe��vl. Bo�r�uer shaU not .
<br /> - • �: ` ': . desoroy,damage oi imgair the Feoperty.�ltow the Ptopeny uo deterior�or coAmnii waste on the Progerty..Borrawer shatl •� • �
<br /> . ._—,;�. ' 6e ia default if any forfeitr�re ataon or ptoceeding,whet6er eivil or yriminal.u be�uan that in Leader�s good faith jud� �
<br /> .. ; . oa�d nsult in farfeitare of the Ptnperty or atherwise materisify impair th�liea aea�ed 6y this Sec�it3r Inshumer,c�Q - -
<br /> . ' • " i.�der's se.curity interest. �orrawer may c�ue sach a defa:,:;t and reinstate.as pmvid��PaiagraPh 1S.by causing the a�.^tion �
<br /> • • . � or pmceeding to be dismissed with a niling that,in Lender s good faith detem�ination,precIudes fva�iwre of th$B'anocver's
<br /> ' . • intemst in the Property or other material icc�unaent of the liea rceased by this Secmity tnstr�.-�ant or 1,eAder� securicy � �
<br /> . .. .`r� � ,,. .'.' ' ic*�res�. Borrower shail atso 6e in defa�.�rt ef Horrower, dtirin the toaa a ]c�� , c
<br /> '`t . �.�uraze infvm�a6on or statejnents to Leadec(or faile:i an vcde Lender arit� Piocess. &zve materially fals$os •
<br /> pro " a�ar.�..a31 infarmation)iu comtectioa witb
<br /> .. �. cir�toan evidenc�d by tlie,Note,inciading, 6ut not ti�to, cepcesentatiom eecux�ing Brnmwer's occupaIICy of the
<br /> . : ` ' Ptoperty as a principal residercce. If ihis Security�n•K*+*_*-�*_is on a teasehol4,Borrow�er shall compiy anth alI the pmvisions '
<br /> • .- � ,, ,, �� . ' of We teate. I�18orrower acquires fee tit�e to the Property,the teasehnId and the fee tiile shall not merge uniess Lender agreas
<br /> . . , to the merger in writin,g. � ,
<br />: '. , . 7. Prsi�tioa of Leuder's RigBts in t6e Prog�sjs If Bonower fa�s to pzrform the covenants and agreeraepts `
<br /> � . ' cautairted in this Security Insaumen� or there is a le�-.��roceeding d�aa may si�sandy affect Lenders rights in the • . , .
<br /> � , F�erty(sucP�as a psoceed'mg in banlwptcy.�robate.€c:wndemnadon or forfeiture�co enforce[aws or regulatian,),then ,
<br />• . . • .' . Lernder may do and pay for whatever is necessary to protect the value of the Prapert}+and Leader's rights i�the Pmpetty_ •
<br /> . ' Lender's acds�s may inclu3e psying any sums secvred by a tien which has priority over this Security inswmetit,aQpearicig ---
<br /> • � • in court,paying reasona6le attomeys'fee.v aad entering on the Property to make cepairs.Althou�'�a Q.znder may take action �
<br /> , , � • under this paragraph 7,Lender daes not aave w do so. • � .
<br /> � . . My amounts disbursed by Lender under this paragraph 7 shall became additional debt of Boirower secacx�by this
<br /> . S�urity Instrumen� Unless Borrower and Lertder agree to other terms of paymen�tfiese amounts shall bear interes•#'rmn the
<br /> ' . - � date of disbursement at the Note rate and shall be payabte.with inLer�s�epon norice from Lender Yo Borcower requesting
<br /> .. � . paymen� . -
<br /> . • . � • 8. Ndortgage lnsurance. If Lender required mortgage insurance as a condidon of making the[oan secumd lry this � �
<br /> • � • . . Security Insbnunen�Bomower shall pay the premiums required to maintain the mortgage insurance in effecr. If, for any '.
<br /> • ceason. the mortgage insur�ce coverage required by Lender lapses os ceases to be in effect. Borro�ver shall pay the '
<br /> - . _ ���s;> . . � pnnniams requi�d to obiain coverage substantially equivalent to the mortgage insurnnce previously in effect,:at�a cast . � � �-=_
<br />.t .. � substantially equivalem to the cast to Borrower of the mortgage insurance previously in effect,from an attemate mortgage� • - --
<br /> '' � '., insurer approved by Lender. If substantially equivalent mort�age insurance coverage is not available.Bolmwer shall pay tm -
<br /> ..4:. -
<br /> . • ;,� , Lender each month a sum equal to one-tweffth of the yearly mortgage insurartce premium being paid by Borrower when the ' —
<br /> �� • insurance coverage lapsed or ceased to be in effect. Lender will uccep�use and retain these paymenu as a tass mserve in lieu " ��=:;;:•-_
<br /> � � of mort a e insurance. Loss e�.serve a ents ma no!on er be � r -'=_
<br /> � B p Y�n y g mquired,at the apt'son of l.ender. if mortgaae iasurance .s. :�.�;;�•_
<br /> °•_i., : coverage(in the amwnt and fqrc.�e period that Lendet mquires)p�vided by an ins�rapproved by ILender again becomes °•'-�-�_
<br /> 4 . , ' 'ava'slab2e artd is obtained.Be�Her sha11 a cf�e rem:.uas ` "
<br /> . p y p requireA to maintain mort�,^:insur.trcc�ua effect.or to provide a
<br /> . .'.: •.. " • '+� toss reserve.untiJ the requirement for irsoct�e insurance ends in accordance with any written ag�-rxtrr:nt between Borrower • '
<br />' ' ., . ,',' ' and Lender or applicable law. .
<br />• . � • • 9 Inspect[on. Lender or its agent may make reasona6le entries�an and in•=�ections of the Pmperty. Lender shali . �
<br /> Yt;''J=••���s, '� . give Borrower notice at the tirr�of or prior to sin inspecticn specifylna rqsonaTate�u5e for the inspection. ���
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<br /> -.• ;;.�;w:.,, : 10. CoademnatIo� 'Tiie proceeds of any award oz ctaim for dam�;es.direct ar�onsequendal,in connection with any
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