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<br /> ' p�rhrds that t�eader requi�s. �iue iasuseace sanrier pcovld�g t8e casurauce shall De chosen 0y Borrow�r subye�to Lcrtdera , '
<br /> approval which�11 ri+ot ba urueaSaaahly wtshl�.eld. I�Eotrovre�fails t�mvintain cflvc�rage descrihed at�ove�1�t�u►�3+.at
<br /> �ende:�s optean,obu�in coverags to g,�rt Lendet�riahts jn the Yr�perty dn arcor6�ce t�+i►h psre�sp5 7• ' '
<br /> laft�s�ac,pelicie�a�tenr�wa4s s9ali be ac.�egt;slble ta Lender and shall inelude a sf.�s�mo�ag�ge cta�sse. 1.e�8er
<br /> shall hav�Use dght to hoId the pulicies dad iencwats. If I.eader.raquares.Bturower slu�1F promp�Iy�ive ro L�nder alt rer.�ipts��
<br /> . � uf g::�gs��rsi=:.�sutd tsnr,vr:J css�Ces. In ths e�:eat of toss„�S.�m�:e►�.�vs p��t e��o th€ins�!�nse s��a�. ..
<br /> [.enGet. Y�clec m.�y m��gro�if a�f tags if not made-lrrom�SlYbq Sairesv�er. � . .
<br /> . Untess IBnder and Baarawer o€6eriv#se ageo in�viiting;inswas�ce proceeds sl�alt 6e�pplied io restoiatIon��p�of �
<br /> the Prepeery dsm oed,if ths nstora�ina ar r�pau is ecoaor�cally feasib2e and Lender�s security is not 1Cssene�. If ttie
<br /> �. iestaratiom or repair is not econemisalIy feas�'bie o¢Lander3 security wouid be tesseaed:the inswar3cce,pt�ds shaU bd
<br /> applie3 to�hc sums secuied_by ttis.Sectuity lies�ua�:nt,a�tth�r or not then due,with any excess p�id to$mroa�er. If
<br /> Borm�wer aitaffibas the.Propeaty.�or.dnes aot answer within�0 da�s a notIc�fr�m Le�er ttnat the insvrance camer has
<br /> . offeied tn sett'da�elaim,then lxud�r may rollcrt the imssuance gracesds. 1�.�end�may nse the pmr,eeds m�egair ar mston, '.
<br /> �tbeptoperty'flr to pay stuns sECm�ed By this Secvrity.Insflnimenk whethet or not thea d¢e. liie 30-day peripd vrill tieg'w whm `
<br /> tlienotice is giveo. � . . . � ,
<br /> UuIess Lender aasi Horrower ot�ernise agtee in•writir�g,any spplication of pmceeds ta prfacipai shalt aoi eittea@ or . ,
<br /> . pos�,�e the dae daze of dts mo�thlY PaY�nts ieEe.�ed to ia garagra�hs l uad 2 ar ct�nge We atn�ax af the paymertts. If �
<br /> - und�r paragrapi�21 the�R�t►perty is acquired by Lender,Basrowerk rigbt to azry�ce paliccies and proceeds a�svIting °
<br /> •. _. fraa damaga w th�Fmperty pri�r to ttje s¢qaisition s1taU pass to Leader to ti�e ex�t af the sums sequrtd bY this Sxucity
<br /> . •instcament immediately prior.W tHe acqt�isidan. � , . . � � , �
<br /> , . fr. Qt�capaacp, Prestrva�?bn, Maintenance ana F+r�tedioa ot thr Pcopecty; Borrow�'s.•�.oan Appt'�roa; •
<br /> tpgcrtu� Bosowet eha!l��,establish,a�'use the Roperty as�naewer� �detace within si�t�days after
<br /> the e�ecatian of t8is Security.Insttument and stiall conttnue ro va�py,tGe Praperqr�orraw�'s priacipal�sidcaca for.at
<br /> least one year afta tt�e dat�af occu�zncy� anfess Lr�der otherevise agiees.in writind, which cansent shal� nai be,.,
<br /> umeaso�a6ly ar�ttiheld�r unless eacenuat�ng cisc�nstances exist wli�ch are beyand Bortower"s cantml: Bfltrov�er sha11 i►ot
<br /> dest�oY,daznage or impair ihc.Ftoperty..alIos�+the Praperty to deterior�e.oz commit waste an the Properry,.Barmwer shall ',
<br /> 'be in defanit if�any fasfeiutte actian az pruceedin,g,ai�ether civil or es�nal.Is 6egtm that in Y.euder's gaod faid►jud8�nt
<br /> could tesult in forfeiture of the Ptopezty or oWeswise matetially impair t�e Hen ci+esud 6x;thIs S�ui►y Ynsuumemt or• .
<br />= I�ender�secwiry iarcrasr. Barrower mag cnra auch a defanit an¢r�ia�at8,as pzo�nded 3n.pa�ph 18;6ycansing the aCiiun
<br /> . or�roceediag m ba dirsmissed_witb a.roling that,in I.enderh good faitt�determinaiian,PrecIude's�osFeiwre pf tite BormwerS�
<br /> Iate�est in the P�per(�,r or oaher�aterial Impaira�3 of the liea cr�atai by tt�is Secatity Insa�umetn ai Lender's see�zIry ,
<br /> • interest. Borrowe'r sh�I aiso be in_default i�Bcs�wer: dwu►g the loan application pracess; gava rnateria]ly false or . .
<br /> ir,a��,�r�informatton e��tatemeni�w Lender(or�:yd w providt Lender with au�r iriaterial i'r.�'ormation}in cnnnection w3xh. . ..
<br /> . the toan�vi8et�d by the Nate, iUC]r�3ing, but not limited ta.nPr�sertations c+oacem���l,$fcmDwer�occugaacy of�tbi�' . .
<br /> Pn►DoTtY a^a a prirtcipal itsidencG If{i�}�.�ecasiry Instrument is on a leaseboid,$oauwer sit:i�,.Frs�nply wiih all.tbe.ycovisicas .
<br /> of the 1ea?% Tf Bomur.�i.:c�rii��P�r��tu the Pi'a,g�erty,the leas�ho2d ar�A the t'ce dde shati r�t merge unlesa I.endera�:-:�s
<br /> • , to the tnerger u�wtit�n�..�_y�. . ,. .. ' ' : :. • . ' .
<br /> r�`�.��� � T.. �Protectioa m�7f.�rtder's Rig6ts itt ti��L�idl�eriy. if Bamawer f�.:t.�perfams.thc cr�venant�i:-�d a�reero�nts .
<br /> • '` �ontuaed ia this Seca�niy(Jnsstrinttent,or there is'a tegal proceeding.tRat may�si�ifrcantly�affect'Leci�si�s�:;rig�ts ia i�e. . .
<br /> . Prr�perty(such as a proceeding ie 6ankr�tcy,pra69te.for oondemnation or forfeitui+e or to enfome laws or regckiatioa�s),`�iah, `
<br /> � I.ender may.do at�d pay for.wBat.ever i�rtec�essary to,pmtect ehe vatue c�f die Pmperty and Leuder s rights in the Ptoperrp:
<br /> Len�r�s acticsns.may�nctuQs 1�Y�S�Y s�ms secared 6y.a lien which hu priarity over 1h�s Secnrity Instturciept,$ppeari� .
<br /> i•n eo�tit,payfng reasona6le�ttamcy�'fees and emering on the Ptoperty to make repairs.Atthongh I.ender may take actiou
<br /> u[�der this parag}apb?,Yesnder daes nwi have to do so. ' �
<br /> An�amoums disinrtsed by Lender under thls paragraph 7 shail beaome additiunal d�tx of Hniro�vtr sccura3 Dy�ttas � .
<br /> • Securety insaumen�IJnless Bortawer arcd Lenderagee to other tec�s of payment,these arnounts shall beac inttrest fFOm U►e �, .
<br /> date of disi�usement aE the Note rate aad shall be payable,with ia,�a6rest,upon aatice from Lender to:Borr�wer�questing-
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<br /> �. ,,_�_. & �Morts�e Iosurarce. If lxaidtr requind mortgage ins��arice as�,c.�dition bf matcing tIso toan securai bg this
<br /> . �;�`Sa'uricy Insttument.Botxowcr sbaU pay the promiums reqpired to maintairz-r��..mottgage insv�in effect. 1��for any � �
<br /> � reasfln, the mortgage insurance coveiage requiRd.by Lender lapses or ceases to 6e in ei'fect, Botr,�wer st�all pzy tLe . .
<br /> • pre�iums rcquired t�obtain coverege substantial3y eqnivatent co tfte mor[gage insuiaece previ�susly.in effect,at a cdSt �
<br /> • substantially eqnivalent ta tAe cost to Borrower of the martgage insurance pnviausty in etfeci.ftvm an aIumate r�ortg�ge.
<br /> insuter appmved by Ltnder. If su�staurially equivalent mortgage insu�ance cnvernge is not available.Boimwtr&hall�ay to �.
<br /> . Lendtr each month a sum.equal to enatwelftf�of thc yearly mortgage insvrance pceinium being paid by Bariowor wtien the
<br /> • �irisurance coderage lapsed or ceased to be in ef,fecG I,ender wilt acxept,use aud retain ttiese payments as a toss zesetva 1n lieu �
<br /> of martgage insuranee, Loss nserve payments may.no tonger be renujred.at the optia„�of�,?a�der,if mongage�insotance� ,� '
<br /> coverage(irt the s�uount aad for tl�e period that I.eader,reqains)pFqvided by un insue:r a�si�evi:Q by Lender again beco�e9
<br /> nvaitabl�and is obtaiaed.•Eorrower sha11 pay tbe ptemiums;eyai�d to mainiain mortgage u:Jxiance ia efFect,ar 2opruvide a' .
<br /> loss rese�ve.�►tiI the r�quinment for martgage in�,�.���s in acrardance,ritb,any�„a;aeA agceerr�nt bet�,een B�crower � •
<br /> �., andLerA�ror applicable law. . ;� � : . � .
<br /> • . 9. I�nspectio�, Lende�or its agent may malce iEasonabte eatries upum��inspecrions ofthe Praperty. Lznder s.'��11
<br /> � : .give�ani��+er naace at the tirae of or prior ta an inspecdon specifying reasonabk.cause for tP�i�upection. � . .
<br /> • 1��(�ndemnatbn. The procads of any award or claim for damages,dinect ar cai�,a:rrt.ial,in connection with�:aitry
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