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<br /> � � period�thal l.ender roquirea. The insuroncn corrier providin�the insurance shull be chosen by Borrower subject to i.en�cr�
<br /> approval which chall twt be unrcusonuhly withheld. li Borrow�r faila tu mnintein rovrruge dexrribed ubove.Len�k:r may.w
<br /> . Lender s option.obtain covemge w protect Lendr�x dght.r in ihe Property in ucconlunce wNh parugmph 7•
<br /> All insurance policiew unJ renewulx�hnll 1ie ucc¢ptabie la l.ender and�hull inrludc u x�undard mongugc cluur,e. Lender
<br /> aholl huve Ihe right to hald Iho paNcic�und mnewals• li'(.endcr reyuinea,Durruwer xhull pn�mptly give tu Letxlcr ull receipts
<br /> of paid premiums and rcnewol nwicex. In�he evem af la.ra.Bamwer xh�ll give prompt notice to the in�u�ue cwrier wui
<br /> - -___ - -=� Lender. Lender mc�y make pnx�f of 1�»�if MN made�rc,mpHy by Bnrmwer. __
<br /> Unless l.ender und Borrowe�otherwise ngree in writing, inxuriuxe pr'uceeds�;hull bc upplied to reztorpiian or repair af
<br /> the Property damuged, if the rctiwrAtion ur repuir i� ernnomicully feu.tiible und Lcndcrk security ix nat lez+cncd. If the
<br /> restoration or r+epair is aot econamicully Peu.9ible or Lender� �ecurity would be Icxrened, �he in�urunce procecd.�hull bc
<br /> Applied to thc sumx x�ured by�hi� Sccu�ity Inxtrumen►, whether or nw then du�, with+uiy excetis puid �a Borruwcr. If
<br /> Borrower obandons ihe Pmperty,or daes not unswer within iU day,u notice fmm L,ender tha� the insurance currier has
<br /> offered to r,ettle a cluim.then Lender may collect the inxurunce procceds. Lender muy use the pnxei:ds to repuir cir ntitore
<br /> ---- the Property or to pay qumr secured by this Security In.rtrument.whether or nut then due. The 30-day period wi��beBin when
<br /> - the nolice is given.
<br /> � Unless�.ender and Borrower othenvise ugree in writing. uny upplicution af procceds�o principal tihull not extend ar
<br /> --- - _- � �tpnne�he duc ds►t�of the manihly pnyments refemed ta in parugrnphs I and 2 or changc the umoun[uf the payments. If
<br /> = under pnr+►graph 21 the Property is urquired by Lender.Bomawer's right ta uny in+urunce policies and proceed+ retiulting -
<br /> -= from damuge to the Propeny prior to the acquisition shall pacs to Lender ta the extent oP the sums secumd by this Securiry
<br /> - Insuument immediutely prior to the ucquisition.
<br /> - _= 6, Occupancy� Preservpdon, Nipintenonce t�nd Protection of the Nroperty; Borrower's Loao Appllcatlon;
<br /> .._
<br /> --- = ... ,:
<br /> e l.easeholds. Borcower shull occupy,eswblish,anJ u�e Q»Ropeny us Borrawerk principal residence�vithFn sixty dnys+�cer
<br /> - "`w"' the execulion of this Securi�y Inst�ument w�d xhall cantinue to a:cupy the P r operty us Barrower�principa l rexidence for ul
<br /> ,��� least one year ufter the date af occupancy, unless l.ender othenvise ugrees in writing, which consent tiholl not be
<br /> =-':��.�.� ' unreusonnbly withheld,or unless extenuuting cir�cumstances exist which aue beyond Bormwerk control. Borrower xhAll nat -
<br /> --.,�rare�'�_F.,:;: --
<br /> • destroy.dumoge or impuir the Property,ullow Ihe Pro�Ay w deteriorute.or cammit w�.stc an Ihe Property. Bortawer shall
<br /> -- "-���� � be in defAUlt if any fort'eiwre action or praceeding,whether civil or criminal,is begun thut in Lenderk good Pui1h judgment
<br /> `�'`��'� could result in forFeiture of�hc Property ar otherwige mate�iully impuir the lien rrenled by �his Security Inswment ar
<br /> ��—- Lende�i:secur�ty interest. Borrower muy cure tiuch a default und reinstute,us provided in purngruph 18,by cuusing the action _
<br /> _ o - or proceeding ta be dismixsed wilh a niling thW,in Lender:v gaad fuith determinotian,precludes forf'eiwre of the Borrower's -
<br /> �� •`�. interest in the Property �r other mu�eriol impairment of�hN lien creuted by this Secunry Instrument or Lenderis securiry �
<br /> -��'�Y•� interest. Borrower shall nlso he in defuult if Borrawer,during the loun applicalion process, guve materially fulse or __
<br /> �-��.���:,:•,
<br /> _ �;:�!; inuccurate infartnatlon or statements to Lander(or failed�o provide Lender wUh uny muteriul infortnu�ion)in cannection with
<br /> - _= the loan evidenced by the Note, including. but not limited to, represenlutiuns concerning Borrowerk accupancy of the
<br /> _.__ -==;h��� Propeny as a principal residence. If this Securiry Inctnament is on u leu�hold,barrawer shaii compiy wilh ull ihc�nuviaians
<br /> -'��'"�'�*>� � af�he lense. If Borrower ucquires fce tiUe la the Property,the le�chold und the fee title.hull not merge unless Lender ugrees =
<br /> -`�'-`=��� � to Ihe merger in writing. -
<br /> ._�._ ':. --
<br /> _ �,•� ..' 7. Proteclbn of Lender's Righta in Ihe Property. If Borrower fails to perfam the covenun�s und A�emements
<br />����'� ���l��t�
<br /> -�- _.:;,,s;,FS;�� conli+ined in this Security Imaument, or there is u Iegal pnxeeding thul muy wignificuntly uffect Lender's righlx in the
<br /> _..,,�• :. •
<br /> __„.,,,,, � , Pmpeny(auch�a proceeding in 6unkruptcy,probute,far condemnution ur fort'sNUre or to enfurce luw.or regulations),then _
<br /> - �'�' Lender muy do ond p:�y for whutever i+neceswry ro �xotect the vulue of the Property und l.enderk rightti in the Pruperty. -
<br /> --`*���"����• l.enderti uctbns may incluJe puyin�x uny sums xecured by u licn which hu+priority aver this 5ecurity Imtrument,uppeunng
<br /> �-�'--'::,'utb�
<br /> �`_� _,r � ' in coun.puying reuwnable uuomeys'fecs unJ cntcring an�he Pn��xrty to muke repuirs.Al�hough Lrnder muy tuke uction _
<br /> ___ �'�' under this parugraph 7,Lcnder das nut huve W do so.
<br /> __ --::�.55..�.
<br />- :�:• --�^-" Any umounts dixbuncd by I.rnder unJer this purrgruph 7 shall lx:come udditionul dcht of Borcc►wer secured by t s d
<br /> �"'""`"'',°'� - Security Instrument. Unlez.Barrower unJ L�ndcr aFrec to othcr tcrmx of puymem,ihesr umoums shall beur intercct from the -
<br /> -_�-� • .;�- ,.: • -:.
<br /> -��= dute of di�bunement ut the No�e rutc und shull t�e puyuble.with interest,upon notice i'mm Lrnder lo Burrower reyueKting
<br /> -�::�'`"::� Puyment.
<br /> _,;s_;- -- S. Mortgage Insurunce. If LenJer r�quireJ mortgagr in,urunrc as a c�►ndilion of muhing Ihc loun secured by this
<br /> � :=""� Security Imtniment, Borrowcr tihull puy Ihc premiums reyuired to muintuin Ihe monguge insuru�xe in efPect. If,for uny
<br /> �_-,:;$;ti" reu.+on, the mongage intivaince covcrnge reyuired hy l.ender lupr�eti or ceasc. tu lx in effrc�, Borrower ,hull pay the
<br />_±�.Ty,. ,- � premiums required ta ob�uin wvcruge +uhstuntially �yuivuleni to the monEu�r in.uruncc prcvioutily in effecl. ut u cost
<br /> -- subxtuntially eyuivulent ro thc co,t tu Born►wer ut��he mortgugc Inwranrr pRViously in rf'fcrt.from un al�rmatc morlgage
<br /> �;;��� in.r•urer approved by Lcnder. li'wM.wntiully cyuivalcnl mort�uge insurance rov�ri�ge i�not avvilublc,Borrower xhull pay to
<br /> __-- --`-'�-- Lender euch manth u sum eyurl io unc-�wc{I'th ut'thc ycarly murtgagc in,urancc prcmium lxing paid by Borrower when the °_
<br /> - - insuruncc covcroge lapkd or ccu�cd to lx in efl'ec�. LenJcr will uccepl,u,r anJ retuin thcsc paynknt.a.a loz�rexcrvc in lieu
<br /> ?'=h--;::.�� uf monguge insurunce. Los� reserve puymem, nwy no longcr Ix: requind,at Ihc optiun of Lender,if monguge inzurunce
<br /> _ • coverage(in the amoum unJ f'or Ihe peritxl thut LenJer rcyuirr.l pr�►viJrd by.m in�urrr uppraved hy Lender uguin becomex
<br />'���`�% -_,••�''N� uvuilublc and ix obtuined.Borro�ver�hull pay�hc pnmium.Ryuired to maimain martguge in,urunc�in efl'cc►,or�o pravide u __
<br />�•'�±� i• loxs rcservc,until the r�yuiremrnl fur mongaFc in,ur�nrr cnd.in accorduncc with any written agrcemrnl txtwcen Boaoarr _
<br /> -= .. � . and Lcnder ur applicublr luw. .._.
<br /> � 9. Inspeclion. LetHlcr or its iigrnt may mul�c nu�imablc cnlric� u�xm unJ in+�xrtium i�l'thc Prc�crty. L�ndcr.h•rll
<br /> . . .. ;;,.,:.`. givc Borrow�cr noticc at�hc lim�oF ur priur w an in.�xcii�m��xrifyinF rcu,unublr cuux Inr�hr in.�xction. _
<br /> �;.'``• 10. Candemnption. Thr pnueeJ.��f any a«•ard ur claim li,r dam:��:c..dir�ct or cun.eyuential.in c�mnectK�n with any
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