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<br /> periods thiit I.endcr rcyuires. 'I'hc insw•�mcc airricr providin�;ihc in+urnncc shall i►c chu+c��I>y Burinwrr subJcct�o I.rncicr ti
<br /> .. nppn�vnl wNich siudl nat Ik unrcus�►nably witliliwld, If f3nrruwcr fnilti to mnintain covc�•a��c dcscribed niuwc,l.cndcr nury,nt
<br /> Lendcr's�,ptiun,nbli�in covcrc�gc�u protcct Lcndcr'ti rights in tiic 1'roperty in nccurdimcc wi�h p;�rnpri�ph%, „
<br /> � All insurr.ncc pulicics u�td rencwnlK shull bc neccpta�blc to Lcndcr nnd sht�ll includc u sinudnr�! mortgiigc dnusc, I.cndc:r
<br /> shall hnve ihc riuht to liold the policics und renewnls. If I.ender requircy, IDorro�ver shall prnmptly�ive to Lender ull receipts
<br /> of pa_id prcmiums:uid rencwal nuticcs. In thc cvcnt oF Inss, 8orrowcr sh�ll�ivc prompt noticc ro thc insurancc u�r�iei uud
<br /> . Lendcr. Lcnder may makc praof of lass if not mndc praniptly by Dorra�ve�•.
<br /> ' Unlcss Lcndcr and Banowcr othcrwisc i►brcc in writing, insurancc procceds shnll be nppllcd to restoriitian or rcp:►ir�f
<br /> � � the Property damaged, if thc restoration or repair is economically feasible und Lender�security is not lessened. If ihe
<br /> resioration or rcpair is not cconomically fcasible or Lcndcr'.s sccurity would be lessened,the insurancc proceeds sfinil be .
<br /> �' npplied to the sums secured by this Sccurity Instrument, whether or not then due, with any excess paid to B�rrower. If
<br /> �:'� Bortower abandons the Property,or does not unswer within 30 days a notice from Lender thnt the insurance cnrrier has -
<br /> offcred to settl�a claim,Qien Lcnder muy collect the insurancc procceds. Lcndcr may usc thc proceeds to rcpair or restore ,
<br /> � the Property ar to pay sums secured Ny this Security Instrument,whcther or not then due. The 30•day period wiQ begin when s�LL
<br /> thenotice is given. �i�''
<br /> , Unless Lender and Bon•ower othenvise agree in writing,any application of prceeeds to principal shall not extend or ..�=.
<br /> postpone the due date of the monthly payments referred to in paragraph� 1 and 2 or chanEc the amount of the payments. If "' •
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<br /> under paragraph 21 the Property is acyuired by Lender, Horrower!s right to any insurance policies und proceeds resultin�; s,;�'_
<br /> from damage to the Property prior to the ucquisition shall pass to Lender to the extent of the sums secured by this Security ��;:��
<br /> Insi�mcnt immcdiatcly prior to the acquisition.
<br /> - 6. dccupancy, Pmservattan, Muintenunce and Protecfton of the Property; Dorrower's �.oan A�plication; ��_-�'
<br /> Leasehalds. Bonower shnU occupy,establish,and use the Property as Borrowers principal residence within sixty days afier ��:��
<br /> • thc execution of this Security Instrument and shall continue to occupy the Property ns Borrower's principal residence for at
<br /> least one year after the dute of occupancy, unless Lender otherwise ngrees in writing, which consent shall not be •,.:«
<br /> unreasonubly withheld,or unless extenuating circumstances exist which are beyond Bonower s conuol. Borrower shnll not
<br /> des[roy,damage or impair the Property,allow the Property ta deteriorate,or commit waste on the Property. Borrow�r shall �,�`;
<br /> be in defnult if any forfeiture action or proceeding,whether civil or criminnl, is begun that in Lenders good faith�udgment " --
<br /> could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or �7�
<br /> Lender�security interest. Borro�ver may cure such a default and reinstate,ns provided in paragraph 18,by causing the action
<br /> , or proceeding to be dismissed with a ruling that,in Lender's good faith determination,precludes forfeiture of the Botrowcr'.s ��-:�,.
<br /> inter..st in the Property or other mnterial impairment of the lien created by this Sec�rity Instrument or Lender's security --=
<br /> interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially fulse ar
<br /> � — maccurate informanon orstatements to Lender�or t"aiied[o provide Lender wiin�u►y uiuic�iai itifo�i��ai�U,-,)�n�urn�:.ii�r�::�tt� __
<br /> , • • the loan evidenced by the Note, including, but not limited to, representations concerning Borcower'.s accupancy of the y�,4�
<br /> PropeRy as a principal rsidence. If this Security Instntment is on a leasehold,Borrower shall comply with all the provisions '_
<br /> of ihe Iease. If Borrower acquires fee title to the Property,the leasehold and the fee title shall not merge unless Lendar agrees
<br /> to the merger in writing.
<br /> • 7. Protection of Lender's Rights in the Property. If Borrower fails to perform the covenAnts and agreements ''�
<br /> contained in this Securiry Instcument, or there is u legal proceeding that may significandy affect Lender's rights in the '
<br /> .. • Property(such us a proceeding in bankruptcy,probate,for condemnation or forfciture or to enforce taws or regulations),then
<br /> Lender may do und puy for whatever is necessary to protect the value of the Propeny and Lender's•rights in the Propc:rty. :
<br /> Lenderti actions muy include paying any sums secured by a lien which has priority over this Security Instrument,appearing
<br /> �' in court.payinb reasonable attorneys'fees and entcring an thc Propeny to makc rcp•rirs. Although Lendcr muy take action
<br /> under this paragrnph 7,Lcndcr dces not havc to do xo.
<br /> Any nmounts disbursed by Lendcr undcr this paragni�h 7 shall become additiunal debt of Borrowcr securcd by tl�is ,
<br /> . • Security Instrument. Unless Borrower and Lender agree to other terms of paymcnt,these:amounts shall bcar intcrest from Ihe
<br /> date of disbursement ut the Note rate und shull be payable,with intemst,upon noticc from Lcndcr to Bunowcr rcquesting
<br /> payment.
<br /> 8. Mortgu�e Inwrance. If Lender reyuired mortgage insurance ;�+a condition of makin; the loan securcd by this
<br /> Securiry Inxtrument, Borrower shall pay the premiums required to maintain [he rnortgage insurance in effect. if, for any
<br /> re�ton, the mortgage insurance coverage reyuired by Lender lapses or ceases to be in effect, Borrower shall pay the
<br /> � " premiums required to obtain coverage tiubstantially eq�ivalent to the mortgagc insurance pmviously in effect, at a cost
<br /> ' substantially equivalent to the cost to Borrower of tlte mortgage insurance pmviously in effect,from un altemute mort�a�c
<br /> insurer approvcd by Lendcr. If substantially cyuivalcnt mortgagc insuruncc covcrage is nat availuble,Borcowcr shall pay to
<br /> ' Lender cach month a sum equal to one-twelfth of the yeu�ly mortgage insurance prernium being paid by Borrower when the
<br /> , insurance coverage lapsed or ceased to be in effect. Lender will accept,use and rctain these paymen[s as a loss reserve in lieu
<br /> � of mortgage insurance. Loss reserve paymcnts may no longcr bc rcyuired,at the option of Lender, if mongage insurance
<br /> . coverage(in the umount u�d for the period lhat Lender reyuircs)provided by an insurer approved by Lender again becomes
<br /> avai➢nble and is obtained.Borrower shall pay the pnmiums rcyuircd to tnaintain mortgage insurance in effect,or to provide a
<br /> " loss rcserve.until the reyuimment for mortgage insurance ends in accordnnce with any written agreement between Borrower .
<br /> and I.endcr or applicablc law. �
<br /> " 9. inspection. Lender or its agent may make rcasonable entrics upon and inspcctions of the F`roperty. Lender shall ,
<br /> give Borrower nurice at the time of or prior to an inspection specifying reasonable cause for ihe inspection.
<br /> 10. Condemnntion. The proceeds of any award or daim for damages,dimet or conseyuential,in connection with any i
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