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<br /> perIode thtt Lcnder require9. 7t�c?nswance carrler ptovidtng thc inaurance shAU he chox�n by Snn�awer subjoct to I.e�1erL �
<br /> � npproval which ahall not be unrcasonably wlthheld. If Sorrower fails to maintatn coveragc descdbed above,L.ender may,ut
<br /> L,ender�optIon,obteln�overAge to protect Lender'�dghts fn the.Propecty iu accorAancc with pua�h 7.
<br /> Al!iasurnnca Follcies ond renew�ls shell be acceptable to Lendcr and shall include a uundard mortg�$e cl�u�. Ltnder ,
<br /> shall hmra the right to hutd die poiicies and r..rww:�ls. IP L(:i2dCY fY,q{lIi1S�IIOYt�CICT SIl�j1I0IYipLIY 'F,{V�"�']�.�'Rf�'f R1I PCSEIIf[5 �- _-
<br /> of paid prcmtums and renewal notIcea. In the event of loss,8orrower ahaU glve pcompt notice to tfie insurmce caafer end �
<br /> Lentier. Lander may make pmof of lass ii not made prompt�y by Borsawer.
<br /> Unlesa Lender and Borrawer othenvIse ugree in writing,lnsurance pmceeds ahall be nppliod w rostorattan or ngair of
<br /> the Property damaged, If�ho restorution or repair is econv�micapy feasible and L�ender�a secudty ia not iessened. If tho
<br /> testoration or repair ts not economlculty feasfbte or Lenderk security would be l�sened.the it�sutance procads sltall be
<br /> applted to the sums secured by this Security Inscruu►ent,�vhether or not then due,wIth uny excess paid ta Borrower, l.f
<br /> Hortawer nbandons the Property.ar dces not unswer wIthjn 30 days a notice fmm Lender thut tho insuracea canter has
<br /> offered to settle a clalm�then l.ender rriay coUect the insurance proceeds. Lender may use thc pmceeds to re�r or resroi+c
<br /> the Property or ta pay sums secured by this Security Instrument,whether or nat then due. The 30-duy perlod w 11 begin when •
<br /> the nodce is glven.
<br /> Unless Lender aad 8onower ofherwise agree in wcicinS+�Y aPP����n of proceeds to principnl shaU not oxtend ot
<br /> postpane tha dua date of the monthly puyments refemed to in paragaphs 1 end 2 or change the amount of the paymeats. If
<br /> under paragraph 21 the Properry is acquired by I.ender.}3onower�s rigtit to any Inswence poltcIoa und pmceeds nsulpng
<br /> from damage to the Property prlor to the acquislflon shall pnss to I.ender to the extent of the auma secuied by this Sr.curity _
<br /> YnstYUment immediately prior w the acquisltion.
<br /> 6. Oeeupancy, Preseevallon, Malntenance and Protectton o! the Propeety; Barrower's Loan Applicatlore;
<br /> � Leasthol�s. Bortower shell accupy.establiah.and use the Property as Borrower's princIpal residence within s�ty days nfter
<br /> . the execudon of this Secudty Insp�unent and ahull continue to occupy the Property as Bormwer�s principal residence for su
<br /> � leust one yeur after the date of_acqupancy, unless Lender odierwise agrces �n writing, which consent shall not be
<br /> uriceasonably wIthheld,or unkss extenuaun�eirewnstances axist whieh eie beyand Bocrower�s eontrol. Bortower ehall not
<br /> destroy,danauge or impair the Pro�ert�r.allow the Propeny ta deteRorate.or commit va�ate on the Property. Bom�wer shall
<br /> be in default if any forfeiture acdon or proceeding.whether civil or cdminal.is begun that in Lender�s good fu[th judgment
<br /> could result In forfelture of the Prnperty or atherwlse materially impalr the lien created by this Security Instrument or
<br /> Lender's securiry interes�Borcower may cure such n default and�einstate,us pmvided in paragrnph 18.by causing the action
<br /> ar proceecUng to be dismissed with a ruling that,in Lender�a good faith dotermination.precludes forfeiture of the Hotrower's
<br /> interest in the Property a other mazerlal impaiiment of thc lian created by this Securiry Insuument or Lender�securlty __
<br /> ia�:rest Bormu�cr�ha!!�lso be ia defatsli !f Enrrow.°r. dt�fag ti,e loan apQltcauon grocess. gave materially f:►tse ar ,
<br /> inaccurate infonnatlon or atatements to Lender(or failed to provide Lender with uny mutertul informatton)in connecdan wlth
<br /> the loan evidenced by the Note, including. but not limited to, representatIons concemin$ Borroweris occupancy af the '
<br /> Property as a principal resid�nce. If this Secwity Instrument is on u leasehold.Borrower sh�ll comply wlth all the provIsiona
<br /> of the letise. If Horrower acquires fee tide to ahe Pmperty.the leasehold end the fee dtle shall not merge unless Lender ag�ees
<br /> to the merger In wridng.
<br /> 7. Protectioa o!Lender's Rtghts in the Property. If Borrower fails to perform the covenants and agre�ments
<br /> contained in this Security Instrument. or thcre is a le��l praceeding that may signtficantly affect Lendcrls dghts in the
<br /> Property(such as a proceeding in bankruptcy.probate,for condemnatIon or forfeitu�e or to enforce lawa or regularions),then
<br /> I.ender may do and pay for whatever is necessary to protect the value of the Prope»y and Lender'�dghts in the Praperty.
<br /> Lender�s acdons may include puying any sums secuned by a lien which hus prioriry over this Security Instrument,appeanng
<br /> In court.paying reasonable attorneys'fees and entering on the Propeity to m�lce reps�irs. Although Lender may take acdon
<br /> under thts pa,usraph 7.Lcnder dces not have to do so.
<br /> Any tunoonts disbwsed by Lender under this pnragruph 7 shall become addIdonal debt of Burrower secured by this
<br /> � Security InsaumenG Unlesa Barrower arid Lender ugree to other terms of payment.these amounts shall bear int.rest from the s,
<br /> dute of disb�usement at the Note rate and shutt be payable,with Interest,upon notice from Lender to Borrawer requesting _._
<br /> paycnent ---
<br /> 8. Mortgage Insurance. If Lender required mortsuge insurance as n condition of making the loan secured by this
<br /> Security Instrament,Borrower shnll puy the premiums required to muintain the mortgnge insurance In effect If,for any
<br /> reason, the mortgnge Insurance coverage requimd by Lander lapses or censes to be in effect, Borrower shall pay the �
<br /> premiums re�quired to obtain covernge substantially equivnlent to the mort�age insurance previously In effect. at a cost ';
<br />_ substantieliy equivalent to the cost to Borrower of the mortsnge insurance previously in effect,fmm an cilternate mortgage
<br /> Insurer approved by Lender. If subsu�ntially equivnlent mort�age insurance covernge is not uvnilable,Borro�ver shall pay to ��
<br />- Lender each month n sum equal to one-twclfth of[he yeariy,uu�t@,age insurai�cc premium being p:+id by Borrower when the �`
<br />= insurance covera�e lnpsed orceased to be in effect. Lender wil!nccept,use and retnln these paymen�s us a loss reserve In lieu -
<br />° af mo�tguge insurance. Loss reserve payments mny no longer be cequired, at the optlon of Lender.lf mortgage insurunce
<br />.= coveruge iin the umount ond for the pedod that Lender requires)provided by An insurer upproved by Lender again becomes
<br />- avatlable und is obtnined.Barower shall pay the premiums required ro maintain mort�uge insurnnce in effect,or to provtde u -
<br />= loss ceserve,until the requirement for mortguge insurance ends in accordance with uny written agreement between Bormwer
<br />= and Lender or npplicable law, ' �
<br />- 9. InspeMlon. Lender or its agent muy make reasonable entries upon:u�d inspections of the Property. Lender shall
<br />- �ive Borrower notice at tMe time of or prior to an inspectton speclfying rea+onabte cause for the inspection.
<br /> 10. CondemnnUon '[he proceeds of uny awurd or cinim for dumages,direct or conseyuendal.in connection with any
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