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<br /> • perlods thu Lender requlres. The inswnnce r.arrier pmvlding the insurence shall be chosen by B�mwer sub,�r,t to I:enderh
<br /> npprovol whlch shall nat be unnasonubly wIthheld. If Horrower fuils to mnintain coverage described ubove.l,ender may.at
<br /> l.enderl�optian,obtain coverage to prntect l.ender�s rights fn tiue Ptoperty in accordance wtth paragraph 7. '-
<br /> o AIl i�surauce policies and renawals shall be acrepteble w 1,ender aad sha11 iuclude�sundard mortgoge clause. Laidar
<br /> shnll have the tight to hold the polIcies and renotvNs. If Lender requins,Honower shnit promptiy give to Lender�Il tecoipt�
<br /> of patd prcrniums end renewul notices. In the event of toss,Honower shall giva prompt notice t�.the insurnnce carrler and
<br /> I,ender. Lender may make proof of loss if not made promptly by Barrower.
<br /> Unl�s Lender und Borrower othcrwise ugree in wridng,insurartce procceda shall be upplied to restorntIon or repuir of
<br /> the Property dtunagcd if the resfirattan or rep�ir is economicully fuistble nnd Lender's.secutiry is not lessened. If the
<br /> cestoratlon or nepa[r ta noi economIcully feastble or Lender's security would be lessened,the insurnnct proceads ahglt be
<br /> applted to the sums secured by this Scxurlty Instiument, whether or not then dae,with any excess paid to Honower, If
<br /> Hotrower abandons the Pmperty.or does not answer wit6ln 3Q d�ys a notice from Lender that the insurance carrier has
<br /> offered to settle u cluim.then Lender may collect the insunmce proceeds. Lender may use the pmceeds to repair or restore
<br /> the Propetty or to pay sums secured by this SecurIty In�trument,whether or not then due. 'A1ie 30�duy perlod wlll beg:n when
<br /> the nodce is given.
<br /> Unless Lender and Bamuwer otheiwise ag�e in writing,eny applicarion of pmceeds to principal shall not eatend or
<br /> postpone tha due dete of the monthly payments referred to 3a paregraphs 1 ead 2 or change the amount of the paymenu+. If _
<br /> under psuagmph 11 the Property Is acquired by Lender.Bomower's right to any insurance poUcies siad piaceeds cesulting
<br /> from damuge to the Property prior to the acquisition shall pass to Lender to the extent of the sums secumd by thia Securlty
<br /> ' Insuument imircadiately prtor to the acquisjiton.
<br /> 6. Occupsacy, Preservation, Maintenance and Protect[on ot tde Property; Borrower's Loan Application;
<br /> Leaseholda Borrower shall occupy,establish,and use the Property a4 Borrower's pdttclpal residence within slxty days after
<br /> the execution of this Security insaument and shall contiaue ta occupy the Propecty as Borrowerts principal rasidence for at
<br /> least one ye�r after the date pf occuptutcy, nniess I..��der otherwtse agees in writing, which consent shall not be
<br /> . unreasonably withheld or unless extenusting cincumstences exist which ure beyond Bqrrower�s control. Borrower shall not
<br /> destroy.damuge a impair the Property,allow the Property to deteriorate.or commit waste on the Property. Borrower shaU
<br /> be in defuulc if any forfeit�re acdon or proceeding.whether civil or cdmina�,is begun that in I.ender's good faith jud�ment
<br /> could result In forfeiture of the Property or otherwlse materially impuir the I{en crented by this Security Instrument or
<br /> Lender's sec:urity intensG Borrower may cure such a default anti reinstate,as provided in paragraph 18.by causing the action —
<br /> ui�itix:�aliug iu bG�Iinmissexl with n rujin�i1wi,in I.ender's gatxi fuith deirrminaiivn.pm:ludcs£utfciitAie of ihe 8arta�w23'k •
<br /> interest in the Property or other matcria! lmpaicment of the lien created by this Security Instrument or Lenderk securtty
<br /> interes� 9oaower shall also be in default if Botrower. dur�ng the loan appllcation process. guve materially false or
<br /> inaccurate informadon or staisments to I.ender(or failed to provide Lender with any material informatIon)in connectIon with
<br /> the loan evidenced by the Nate. IncludIng, but not limited to, representadons concerning BorrowerS occupancy af the
<br />= Property us a principat residenee. If this SecurIty Insavme�t is on a leasehold.Borrower shull comply with all the provisions
<br /> of the lease. (f Borrower acquires fee tide to the Propeny,the leasehold and the fee title shail not merge unless Lender agrees "�—
<br />- to the merger In writeng. °-==-
<br />- 7. Protection ot Leader's Rights in the Pmperty. If Borrower fnIls to perfarm the covenants nnd a�reernents ��=�
<br /> contained in this Security Insuumen� or there is a legel proceedIng that may sig�ificantly nffect Lender's rights in the �`:��':
<br />- Pnope�ty(such as n pnoceedln�➢n bankruptcy,probatc,for condemnatIon or forfeituro or ta enforce Inws or regulations>.ihen
<br /> Lender may do c�nd pay for whatever is necessary to pratect the value of the Property and Lender�rights in the Properry. �
<br /> Lender's acttons may include paying nny sums secured by a lien which has prioriry ovcr this Security Instrument,appearing _
<br /> in coart,pay�ng masonable uttomeys'fees and entering on Ihe Property to make repairs.Althou�h Lender may tnke ucdon -�
<br /> under this paragraph 7.Lender dces not have to do so. r.
<br /> Any ttmounta disbursed by Lender under this paragraph 7 s}�s�ll hecome additionul debt of Borrower secumd by this .
<br />= Securiry InsuumenG Unless Borrower und Lender agree to other terms of payment, these umounta shull bear interest from the ,
<br /> date of disburaement at the Note rate nnd shall be payabie,with Interest.upon nodce from Lender to Borrower requesting
<br />= payment.
<br />- 8. Mortgage Insurettce. If Lender mqui�ed mortgage insurunce as a condition of making the loan secured by this
<br />- Security Instrument, Borrower shnil puy the pmmiums mquired to maintuin the moctgage insurnnce in effect. If.for any
<br />- reason, the mortgege insurance covemRe requtred by I.ender lapses or ceuses to be in effect. Bornower shaU pay the
<br />- premiums required to obtain coverage substantially equivnlent to the mort�a�e insurunce previously in effect.at a rnst
<br /> suirstw�tialiy eyuivnle,x to tiie cu�t w Suiruwer of ciie mongage insuiance previously m eftect,from an altemate mortgnge �
<br />- insurer approved by L.ender. If substunttully equivnlent mortga�e insurance coverage is not nvailnbte,Bortower shall puy to
<br /> Lender each month a sum equal to one-twelflh of the ye:irly mort�uge insurnnce premium being paid by Borrower when the .
<br />_ insurance coverugc lapsed or ceased to be in effect. Lender will accept,use und retain these payments us a luss reserve in lieu
<br />- of mortguge insutance. Loss resetve payments rnay no longer be t+equired,ut the option of Lender,if mortgnge insurance
<br />= coverage(in the amount and for the period that Lender requires)pi+ovided by an insuc+er�pproved by Lender again becomes .
<br />= nvailable and Is aMained.Bumower shnll pny the prerniurns requimd to muintain mort�uge insurance in effect,or to provide u
<br />- loss reserve,until the reqnirement for mortgnge insurance ends in accardance with any written agreement hetween Bormwer
<br />- and Lender ornpplicable law.
<br />= 9. Inspection. Lender or its u�ent mny make reason�ble entries upon und inspections of the Property. Lender shull
<br />: give Borrower natice ut the Hme oF or prior to un inspection specifying reasonable cAUSe for the inspcctlon.
<br />= 10. Condemnadon. The proceeds of any uword or cluim for damuges.direc[or consequentiul,in cannection with nc►y
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