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<br /> --���- 9 10029 4
<br /> perinds�hw Lender require�c. The ir�ur�ua:e caRi�r providing�he in�uronce shall be clf�n by Bornower xubject to Lendert
<br /> -- approvd which�fwll na be unrcusau�bly withheld. lt Sa'rower fa11a to mainluin caverage de�cdbed abav�.Leoder may,�t
<br /> I,etWerti option,obt�ln caverwye u�protect Lenderk�i�hta in�he Prop�ny in nc�ro�dw�ce wNh parugrnph 7.
<br /> — -- Al)ioa�unuue policie�and rcnewala xhull he ucroptable to L.,eniier und shall inclucle u standwd moAguge cloune. Lender
<br />__----- ---=°— shull Iwve Ihe right t�hold the p�dicic�wul nnewelw. If Lender nqui�x.Borcower�hall prompNy give to Lender all rcreipe
<br /> __ _�_ of paid pretniums wul renewul noticex. In the even�aF loy�,Botrowcr Khall�ive prompt nutire lo�he inrurama rartkr and !
<br /> _- - - L,ender. Lender awy makc proof uf b�y ii'n�w m�ule prompAy by Bormwer. �
<br /> � � Unless Lender ond N�xrower ahrcwinc ugnr in wniind,inwrunmr pr�xe�dh shull he,�pplicJ w rcr.ro�utiun ar repair of �
<br /> Y— �hepro�rty dameged, if the rcat�xation or tepair iR cronamically fea�ible and LcnderK securily ix not lessencd. If the
<br /> -� °°��I�� rcstorxtian o� apair is not eCOn�rnlcully feaqible or l.ende��t:ecurity would be le.rKened. �he insurpnce proceed� shull be _
<br /> �
<br /> - --- sx uid to BoROwer. If --
<br /> ��:..-+.- , to� sums secured b �his Securit Instrument,whether or nw then due, with uny eace p _,
<br /> --—=a� applied he Y Y �
<br /> ------` :� �' Bortower aba�tclon.g the Prnpeny, or dues not unswer within 30 duys n ndice from Lender that the insurunce coirrier lu�
<br /> ..�. offered to senle a claim,then l,ender mAy colleci the insuruoce pra:eed�. Lender muy use the pr�x:eed�to repui�ar reatae
<br /> ==__;�;�;=- the Property or ro puy cuqt�securc d by t his S e curiiy In�rume M, w h e t h er or n o t t h e n d u e. T h e 3 0�d u y p e ri o d w i l l b e g i n w h e n �
<br /> - �-�_�•�� _ the notice is given. �"-
<br /> -�==`` Unless Lende�end Bo�rower olhenvise agree in wdtiag, uny upplicati�n o f procee ds to princip a l s h u l l not exten d a ��
<br /> a �'?k�; • postpc►ne the duo dute af the rncxnhly payments refemed to in psuagrnpha I and 2 or chunge the nmount of the puyments. IF �
<br /> .-.-- �'�..;�• unde�paragrap4?1 1he Pmperty is acyuireJ by Lender,Bortower's nght to nny insurnnce policies and proceeds resulting
<br /> �=�=�•=-v; from damage to�he Property prior lo the acquisiiian e:hull poss to Lender to the ex�ent of the sums securcd by this Security __-.
<br /> Inswment immedisttely prior to the acyuisition. _=
<br /> �'-���'�-�M� 6. Occuponcy� Preseev�tlai, Maintenaace nnd Protecl(on of the Propertyt Borrower's I.oaa Appllcwtloot .�-
<br /> � ---=�it1-�-=- Leaseholds. B�xrnwer ahall ciccupy,extubliab,pnd use the Propeny as Borrower4 principal residence wid�in sixty daya ufkr —
<br /> =°�''f�:!�1'_'-.�_'�l`�r•�� the execution of this Secudty Instrument und shell cantinue to cucupy the Property us Borrawer's principal residence for u �
<br /> - �"`�=�`l-�;y:;; least one year ufter the dute of accupnncy, unleys Lender olhenvise agrees in wri�ing, which consent shall not be —
<br /> "``-.�` ' . �"�'��:;', unreusonably withheld,or unless extenua�ing circumstances exist which are beyond Borrawert control. Borrower shnll not
<br /> a" ����.��: '.y: destroy,dcunage or impoir the Properly,nllow the Pmper.y to deteriomte,or commit wacte on the Pmperty. Borrower stiall '`
<br /> - �_�?:G;';� '~ � be in def�ult if any fort'eiwre action ur proceeding, w)�ether cfvil or criminal.is begun that in Lender�s gaod fnith judgment �".
<br /> - •. _�,�:,,..-���,,;; could asult in forfei�ure of the Property or otherwise materi�+lly impnir ihc lien crented by this Securi[y lnswment or �y
<br /> �,_.; r--- Lender�gecurity interest. Boriower mny cure such a detaul[ond reinstate.as provided in parngraph IS,by cuusing the ctction
<br /> �. , h or proceeding to be dismissed with a ruling�hut,In Lender s gac�d fuith determinution,precludes fort'eiture of�he Borrowers
<br /> --���:�,;�,� yy. Interest in the Roperty or other rnoterial impnienent of the Iten created by this Security Instrument or l.ender's secudry �?
<br />-- —�;; interes� Borrower shall also be in default if Bo�rower, during the loan application process, guve muterially fnlse or """_
<br /> ��,�,�,� �� inaccumte infocmation ar statements to Lender(or failed to provide L.ender with any ma�crial information)in connection with �_
<br /> ' •�' the loan evidenced by the Nwe, including, but not limited to,repmsentations cancerning Borrower�occupancy of the
<br /> _� y,,;;,� �"y';.° i'roperty as a principal t�sidcritc. If this Sccarisy lastrumens is s�n a leasehold.9orrower shel!cemply with R!!the pr��v�c4�n4 r
<br /> +ra� ,;•,•;.�t,•..',�fi" .�,��': af the lease. If Borrower acyuires fee ti�le to�he Propeny,the kasehold and the fee title sha11 nat merge unless Lender ngrecs —
<br /> `�'� �'. � ' • ' ,' �;�' . to the me�ger in writing. .Y
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<br />= 1 �.�;•-.����;�', 7. Protecqon of I.ender's Rights in the Property. If Borrowcr fails to perf'omt �he covenunts and agreemen�s _
<br />`��;�� "t`• " "' conteined in this Security Instmment. or there is A legal praceeding that mny significandy nffect Lend�r's rights in Uie
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<br /> Properry(such as u proceeding in bankruptcy,probate,for condemnation ar forfei�ure or to enforce laws or regulations).tlien
<br /> �'� �� ;�'�:: Lende�may do and pay for whatever is necessury to protect�he vulue of ihe Property and Lender's rights in the Prupeny. � ��
<br /> � ::
<br />,'::,,,R�� ' !,� ',, Lender�uctions may include paying any sums secured by u lien which ha4 priority over thiti Security InstrumenG Appearing �;',_
<br /> ' ' � in coun, paying reusonuble attameys'fees und entering on the Prop�:rty to make repuir�.Although Lender may teke action Q��
<br /> y �'�+'`� � under this paragruph 7,Lender does not hnvc ta do m. ��_.
<br /> ±`;,,;�v.,,,, Any umaums di+bursed by Lender undcr thi� puraFruph 7 xhall become uddi�ional debt of BoROwer secuted by this _ -
<br />- - "' '��' �, .�• � Securiry Instnament. Unlesa Bo�mwer and I�ender ugree to oihcr ternis of payment.thexe amounts s hu l l bear intere,�t from d i e
<br />-� n � date of di�bunement ut thc Nwe ruto and rhull be payuble, wlth intcrest,upon nodce from Lender to Borrower reque�ting �
<br /> - .�`��'�" . ���'` payment. . .
<br /> r�` � 8. MoM a e lnsurance� If Lender re uued rnort u e insurt�nce us u condil�an of makm the loan secured b this
<br /> �;: , ' ';`"' 8 8 N � S 8 B Y
<br /> • ..�..,�,,,,.g,'.,��. Seeurity Instrument.Borrower shall puy�he premiums r�•yuired�o muintuin the monguge insumnce in effecl. If. for suiy �
<br />��:s . �<<'��•
<br />--- ��..;.� reason, the mortsage insumnce coverage reyuircd hy LcnJer lup�cs ar ce�se� to be in efPert, Borrower shall pay �he ,�e�
<br /> _.`,,�.�,_��•�r-'•, �. prcmiums reyuired to obtaln coverage sub.tan�ivlly eyuivalent to the mortgAge insurunce previously in effect, ut a cost `��
<br /> �_,±�a?'•_;�,��,�;;:;, substantially ayuivulent to the co�t to Borrower of the mortgage inwrunce previously in effect,from un altemate mortgage
<br /> '°`_'• �� -`��� insurer approved by Lender, If suheiantially cyuivulcnt murtgu�c insurunce coveruge is not uvuiluble,Borrower shull pay lo
<br />-�.... _a:.._ . ,._ .,,... �'
<br /> ` - Lender each month A sum eyual lo one-twrltlh of the yenrly murtguge insurume premium bcing puid by Borrower when Ihe �:T-
<br />��a-�, "��T., ` � insurunce coveruge lupsed or c:eaeed to be in effect. l.ender will accept,u+e and rets�in these p•rymenl.as a losti reserve in lieu ���`
<br /> --' �"�'''�?'t`-=�' of mortgs�ge insurance. Loss reserve puyments muy no longcr bc requircd,at the aption of Lender,if mongage insursuue �
<br /> ���:�� � � covera c (in the umount wid f'or�he rial thut Lender rc uire+) rovided b �n insurer a mvcd b Lender u ain becornes �
<br />--.�.�•...r� ti 8 P� 4 P Y PP Y 8 �._�
<br /> -� ,, a �:;;;��;� uvnilable nnd is obtnined.Borrow�r shall pay Ihc prcmiurn�nyuired to muin�uin mon�uge inxur�ncc in efiecl,or to provide a �,...�.
<br /> =i:° •�.+y': . . ,t-.,_•.: . , '=''
<br /> .�. � , _ loss reserve,until the rcyuinrnent for mortga�,e insumncc cnJ�in uccordunce with uny written ugreement between Borrower
<br /> '- cmd Lender or upplicublc law.
<br /> 9. InspecUun. Lernler or i��agen�muy make rcu.+unablc cnlric+uFwn.u�J in+pec�iom�.�f the Prupeny. Lender shall
<br /> give Borrower nMice ut thr tirnc of or prior to an in,�x ctiun s�cifying rc.»onahle ruu�e ti�r tlx in��xctiun.
<br /> lA. CondemnAtion. The pnxerd�nf an�•awanl or�laini ti►r d•rmagr.,dircct or cunsryuentiul.in conner�inn with uny •-
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