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<br /> iacluding flaod9 or floo�ing,for which I.endcr re,�quiren in6uranco. Thle 8nsur�nce shell be a�int�irccd in tho�mounts wnd =-
<br /> for fho perials that l.endorra�uires.'I�o insutx�ce carrier providing tho insurwacd shall be cha�en by l3orrou�er 6ubjact W _
<br />-; l.ender'e appmval which s6d1 aot Ix� t�am�eonably withhald. If Bonower fails eo maintain coverai�e doectibod above, ^�
<br /> � ',. J.�ndcr may, at L�der'e option,a�ln coveeaga to protoct Gender'e dghte in tha Property in accord�u.se arlth�ra�r�ph ��-�
<br />_ " "' " �� All insurmce policiee snd cwiaw�le shtll bo 4ccept�tble to L,a�der and sh.all inclada Q stoncl�rd mortg�ga eltuse. I ' '��
<br /> Lc:S:a c�sl1 d�.�vo t��ei �3 ta hold t��potieie:�rst�mr*uels,3f L�nc!�t rpr�ni��,Anrmtver Fh�ll r�mnotly�ive to l��r '�• +
<br /> •- dl receipte of prid pn�umA�nd reaewtl noticee.Ia the evont of loae,Borcower shall�ive prompt n o t ice to the inaurance �.
<br /> ' e�r�er and l.eader.IRador m�y m�lce prcyof of lose if not made promptly by Borrowar. :�
<br /> Unleas I�kr�ad Borrowar othorwise�groe in wdttng.insuruice prxeede sh�ll be applial to restoration or�r
<br /> of the Pinperty d�m�god,if tha ncator�ttoa or repair ia econotnically fe�siblo a�d Lender's secarity ie aot lesssued. If the „'�'`�
<br /> � •� rcstontion or rep�ir is aot economic�lly feasible or L�der's secwity would be lesseaed,tha 'snsunuco proceeds sh�ll ba �
<br /> applied to!he sums nocurod by tleie Secwity InsUumeat� wBether or not thea due, with�ny excess�id to Sorrower. If �,
<br /> Borrower abandons the Pnoperty,or does not rnswet within 30 daye a notIca from I.ender Wat tha�neur�nca cartter tws �• ,
<br />-. offend W settle a cldm,then Lender uxy collxt the insurana�pr�coade. Latder may use tha proceede to rc�ir or restore I ,
<br /> � tho Property or to pay su�s s:,cured 6y thie Security Instru�ent, whether nr not then due. 'I�se 30-dsy penod will bogin � :
<br />- - w6ea tha aotsce ia givea.
<br /> Unlesg Leader and H�nower otheiwiso�groo in writiing.nny applic.ation of procaeds to principrl shsll aot extead or •
<br />. , � postpoae tha due date of the mexithly pnymente rofemod w in pamgraphe 1 and 2 or chuiga tha amount of t}io paymwte.If
<br /> uader p�ragnaph 21 tho PropBrtY ie acqolred by Lendar,Borrower's nght to Qay insuranca policies aad proceeda r�sulting .
<br /> from damage to tha Property pnor to tho acquisition shap peas to I.eader W tha axtent of tha sums securod by thle Security '
<br /> lnstirurtaeru imneedtntely prior w the acquisition. ...�.�
<br /> 6. Ucc Pncservwtion, Maintenencc+ xnd Protection of ihe Pmperty; Borrower'R Loan Applicalion; � ��►i
<br /> �. Lea.selwlda. Bott�ow i�shRll occuPY� establish, aad use tha Propeity os Borrower's principal residence within sutty dsys I - � � '°"
<br /> after tha oxocution of thie Secwity Instiument Aud shaU continue to occu�y the Pro�erty as Bomower'o principal resideace
<br /> ' for at least one year aRer tha dxta of occupAncy, unless Lendet othenvase agrees�n wsztmg, which consent shall not be �
<br /> unmasonably wiWheld.or ualese axtenustinng circumstaaces exiat which ere beyond Borrower's control.Borrower shall nnt `
<br /> � � destroy, damage or impair the Propert�+� allow the Property eo deteriorato, or comnut wASta on the Proparty. Borrower I �`
<br /> shall be in dafault if enY fbrfeitura actton or piuceaiing, whether civil or crimin�l, le begun th4t in I.ender's good fiith �
<br /> judgmeat could resvlt in forfeituro of tha Property or othenvise muterially impair the lien created by thie Secwity r , ,f���
<br /> Ins3ni�ent or L�ndar's sacunty mWrest. Botrowar a�Y cura such a default and reinstate,as pmvided in paragnph !8,by �,�` �'.�.°
<br /> � causiag We action or proce,ed'�ng to be dismissed v�nth a ruliag that, is� Leader's goad faith determination, precludes �r
<br /> forfelture of the Bonowea's interest in the Property or other material impairment of th0 liea created by thie Security ._,+� �
<br /> Iasttumeai or Leadar'A socurity inter�st.Borrower shxll also be in daf�ult if Dorrower,durin�tha lorn rppltc�tlon proce.ss� !,•= � :.
<br /> wa materioll folsa or iuACCVrata mformation or statementa to I.ender or failed to rovide Lender with an matext�l "• � '
<br /> 8 Y ( P . Y . _ _ .{_� --
<br /> infom�ation) in connxtion with tha lo�n evideaced by the Note, including,but aot Uauted to,represeatattone coacemug , --
<br /> „ Borrower's occupaacy of the Property as a principal rzside,nca. If this Security Instrument is�n a leasehold,Barrower�hall f �:
<br /> " comply with aU the pro��isions of tha tease. If Bomnwer acqaires fee title to the Property, tha leasehold and the fe0 title •��
<br /> ' shall not mcrge unlcss I.euder a�rcees to the merger in writing. .�
<br /> , � 7. �rutectia�ot I.ender's Rights in t➢�e Froperty If Borrower�'oils to perform the covenants and sgc�ameata ,
<br /> � contained in this Sacurity Instiument, or thera ae a legal procoeding thn4 u�xy si�aific�ntly affect Londer's righta in tha ' �•
<br /> '� Property(such as a proceeding in banlcruptcy, probate,for condomantion or forfeiture or to enforce lawa or regulAtion9), � � ,,.���' .
<br /> t6ea Lender may do and pay for whatever ia nacessary to protect tha value of tha Property and Lender e rights in t6e ; .-�
<br /> Propo�y. Leader's actioas mAy includa paying any sumv secured by a lien whicb has priority ovor thie Security ,.
<br /> Instiumeut,appearing in court,Paying reasonabla sttamays'fees aud entering on the Property to make repairs. A1Woug6 I �i'`�t
<br /> Lender way take acdan under tWs psuagc�ph 7,Lender does not have to do so. '' ��
<br /> � Any amounts disburse�by Len d e�under thie paragraph 7 shall become additional debt of Borrower securaci by thia '�
<br /> . Socutity Instn�meat.Unless Bonower and Leuder agroe to other terms of payment, these amounts shnll bear interest frdm � � �
<br /> the dato of disborsement Rt tha Note rate and shall be payable, with interest, upon notica from Lender to Borrower � „ .��^—�''_""'
<br /> rac;ucsting pAymcat. � , R� '�
<br /> „ , � 8.Diortgxge LRSUrsutce. If Lender raquirod mortgage insurance as u condition of noaking We loan secwed by thia � � ,
<br /> Security InstiumKnt,$omower shnll pay the premiums require.d to a�intain the mortgage insurancs in ef�'ect. If. for any ! },
<br /> � rtxs�on� the tttortgaga insutAace coveragd raqwred by I.ender Iapses or ceases to be in offect, Borrower shall pay tho ' ' i ., '.
<br /> premiums [aquiral to obtain coverogo substwtially equivQlent w the mortgage insuraace previously in effect, �t a cast � �� •*.���
<br /> substentiRqy e,quivalez�t w the cost to Borrower of the mortgege iaswance previously in effecc,from an altemata mortgaga ' /,' .�,
<br />_ iasurer aQproved by L.ender. If suUstaatflallyoquivalent niortgsgo insurencc+coverega is not available, Barrower shall p�y J" °�'�
<br /> � ' to I.eador each month a s�rn equs!to one-twelfth of the,yeady mortgage insurutce pramiwn being paid by Borrower when � �', �fi:�
<br /> ' tha insvmaca covera�a lapsed or ceased to be in ef�'ect.Lender will accept,uso and retnin these payments ex a loss reserva , ��, , t'�
<br />= in lieu of mo�tgaga insurance. Loss reserva paymenta may no longer ba required. ei tha option of Lender, if mortgago i� �.:
<br /> , insurance coverage(in tha emount and for the pariod tl�at I.�ndee requires) provided by au uisurer Approved by I.ender
<br /> • . 4gain bocomes a�ailable and ie obtained. Bor�ower shall pay tha premiums requimd to maintnin mmrtga�e insumnce i�n � +'�'
<br /> offect, or to provide s loss reserve, until the requirement for mortgage inc��+A�ce ends in accordanca th any written �'
<br /> ogr�eemaat betwoen Borrower nnd Lender or nppli�abla law. Form 3020 1 �sl ; � � �
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