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<br /> �::�� 92.� 10025�
<br /> -===n���-°�_•��:.�■ periu�is thut Lciuler rcyuires. The inaurnncc carrlcr providing the insurance xhull be cho�en by Bartuwcr rubject to Lcndor4
<br /> _�;;-� nppmvAl whir.h shall not bc unreasanably withheld. If Borrowcr fAils�u muintnin cuv�rage describcd abuvc,l.cmler mry.w
<br /> -- Ix�xkr's option,oblain cove�ge ro prutect Lender�righta in theP�p�ny in acconi,uicc with�uugrnph 7.
<br /> ��---•-�-d-r��,;;�� Ali insur�uu:e policies und rc�x:wul�shull be uccepmble to Lender und shall include u titundurd munguge.lau.e. Lender
<br /> ^i ;��?�' xhall have the right tu huld thc pulicicv und renewals. If Lenckr reyuircs,Borrower shull pmrnp�ly give to Lender ull rcK:eip�c
<br /> " "`�'°�""''�• oF psad prcmiums nnd renewai noticeg. In�he event uf loas, Borrawer xhull givc prompt nuti�e ta�he inwr�:a currier wd
<br /> ,�, ���;�..� . Lender. Len�ler may muke�mwf of loss if'not muda promptly by 8orrower. �
<br /> ����+�+:Y.,k._ Unleys l.ender und Borrower otherwise agrre in wnung,inxunun.c prucc�eJ�tihall be upplied w re.wrutiun ur rcp�ir uf
<br /> .'- -��,�L the Pr�erty dumaged, if the nestorntion or repair is ewnomicully fesu�ible und Lender�securiry is nw lessened. If tho
<br /> . rewtarat�on or repwr iw not econamically feusible or Lenderz secunty would be Ics�eneJ, the insurwxe proceeds shull he
<br /> �_�'�`�' �*� npplicd ia the sums secured by�his SNCUri�y In�trument, whe�her or nut then due. with uny ezces�puid to Bom�wer. If
<br /> `�-���� � Borrower nbundons �he Property,or daew not �nawer wi�hin 30 days u notice from Lender ihat the insurance c�ier has
<br /> ---•�,a��,�,. '+`_" offered to settle u cluim,then Lender muy collect the insur�nce pra:eeds. Lender may use etie praeeds to repair o�restore
<br /> _ °_;�,��... thc Prupeny or to pay sums secured by thia Securiry Inxuumcnt,whether or nut�hen due. The 3(1-duy period will begin when _
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<br /> ___.-::-r�":�_ the notice ia given.
<br /> ._ .,a,,,�:�i Unless Lender und Borrower otherwise agree in writing,uny s+pplicuiion of proceeds to principal shall nat extend ar
<br /> -- -" postpone the due dute of thn monthly payments referred to in parngraphs I and 2 or changc thc umount of the payments. If
<br /> �����,,�;``� under paragraph 21 the Praperty is acyuired by Lender, Borrower's right to uny insumnce policies und proceeds resulting --
<br /> S from dumuge to the Propeny prior to the ucquisitian shull p:ixs to I.ender to the extent of the sums secu�+ed by thib Security
<br /> ��'•.-����,4 Inswment immediwtel quisilian.
<br /> y prio�tu the nc
<br /> v�-'A°;�• 6. Occupw►�,y, Preservadoa� Mainte�wnce and Proteclion of the Propertyt Bormwer's Loan AppNcalioni
<br /> — •�°�-'�'•-`�-�`- '� � Leaseholda Borruwer shall accupy,est�ibli4h,and use the Pmpeny zu:Borrower's princip�l residence within sixty dAys ufter _
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<br /> +�ea. :;;;�, �• the execu�ion of this 5ecutity Inswment and shull continue to occupy the Property us Borrowar+principal residenc¢for al
<br /> -"'- least one year ufler the date of accupancy, unless Lender otherwise ugrees in wriling, which consent shall not be ��
<br /> �� '�f � 4 unreasonably withheld.oc unlcss extenuating circumstunce.exist which ure beyond Borrower's control. Bamwer shall not
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<br /> _*-'�-�� • � desuoy,damogc or impair ttie Roperty,ullow the Prapcny to deteriorate,or commit waste on the PropeAy. Borrower shall �"
<br /> �"�'�'��' be in default if w► forfeiture aclian or raceedin whether civil or criminal,is begun that in Lenderti goad faith judgment
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<br /> : . �':._.,y ' cuuld result in f'ort'eiwre of the Property or otherwise materii+lly impair the lien created by this SKCUriry Instrument ur __
<br /> `., �� V* �' Lender w security interest. Borrower mny rure such n default and reinstate,as provided in puagrapb I B,by causing the action __
<br /> �:=:�'�,;,�' or praceeding to be dism�ssed wlth u ndi��thut, in l.ender'.s good faith determinAtion,precludes forfeiwre of the Bortnwerh
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<br /> _;~`:�y�:;.��;z}��.,;� • inlerest in �he Propeny or uttrer muterful impuirment of the lien cmated by this Security Instrument or Lender:s +�curlry �-
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<br /> _;:,.�� �.�+. � intereat. Bortower shall al� be in defuult if Borrower, during the loan applicution process. gavo materiully fulse or —
<br /> M;�:s �.;• � . , inaccurute information or statements to Lender(or failed to provide Lender with any rnaterial information)in connection with _
<br /> '� r` � the loun evidenced by the Nae, including, but not limited to, representntions concemins Barrower's occupancy of the
<br /> 's� �`` : Fru��iy ua�pri�n:ipai rz++denca. It this Secudsy lnstrumcnt is on s lea::ehold,9orrol:-er shs!!eomply 1YllJl 8I!I�lC Fi4Yf8lQq5
<br />�'�,�. �-�` ' of the leu�. If Borcowcr+�cyuim.tee tille to Ihe Pruperty,the leasehold ond Ihe fee title shall not merge unless Lencler ugrees �
<br /> r�r" �� ,. �h '.. to thc merger in writing.
<br /> �..�r 7. Protecllon oP Lender'.g RightR in the Property. If BoROwer fails to perform �he covenunts und agreements
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<br /> �����- •.•'.�,�; . nontained in this Security Instrument, or there is a legul proceeding that muy significantly affect Lender's rights in the
<br /> ��• '�•���������•• Propeny l�uch u�u prixeeding in bunkruptcy.pmbat_,for condemnution or forfeiwre or to enforce laws or regulutionsl,then
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<br />- �:.. .. Lendcr muy do and puy for whutever ix necessury to protert the value of the Property and Lender's rights in the Prapeny.
<br />;��;;;;.� , _ Lender�actions muy incluJe paying uny sums secured by u lien which has prioriry over Ihis Security Instrument,uppeuring �
<br /> • { in cnurt,puying reuwnuble attamey,'fees und emering on the Propeny to malce repairs.Although Lender may ts�ke uction �` �'"
<br /> _ rJ under this pamgruph 7,Lender daes no�have Io do xo. o,,:_..
<br /> r``� Anv umcwms df.buned by LenJer under this purugraph 7 xhull becume udditional debt of Bormwer secured by this �.....
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<br /> - ��,'w�: Security Inxlrutnent. Unletis Borrowcr und Lender agrce to uther temi+of payment,thexe amc�unts,hall beur intennst from the `�`
<br /> r dutc of disbur..�mcm ut the Nate rute und shull he p�yablc, wi[h inierest,up�m natice from l.ender to Borrower reyuegting '
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<br /> .i '.�� . payment.
<br /> 1. . . K. Morlgaqe Insur�ulee. If Lender reyuired monguge insuruncr as u ronJition of making the loun sccun�J hy Ihis
<br /> {„e„�n . . Security Instniment. Borrower shall pay the prcmiums reyuired lo mui�itain Ihe munguge insurunce in effect. If, for vny ---
<br /> ,�: . ` �:. rcuson, the monguge insurunce roverage required by Lender lapsc, or cc•r.cs io he in effcrl, Borrower shull puy the __-_
<br />_ �• •_.-�. �' '`'� premiumti rcyuired �o obluin covcraEe substantially cyuivalent to the mongage inwrunce previou,ly in effect, at a cou
<br /> S; !r. �ubstuntiully eyuivulent to ihe co+t in Horn�wer uf ih�mon�age inwrunce previoutily in effect,fram an altem:�le mongs�ge
<br /> . .... insurcr upproved by LenJer. If sub�tuntiully cyuivulent mong+�ge insuruncr coverugr is not:�vailable.Borrower shall pay to -�_
<br /> , LenJer euch munth a.um eyunl tu c►ne-tweltih ot'�he yrurly mortgage insurunce premium bc:ing paid by Borrower when the ��'
<br /> � , _•��� insurunce coveroge lupsed or reu�ed to he in effect. Lender will uccept,u.c und retain thrse puyments as u los+reaerve in lieu `- ' '
<br /> ;; � {� of mohguge insurunce. Lor� rcxcrvc payment.rnuy no longcr he reyuircd,ut ihe i�ption ot'Lcndcr,if morlguge insutunce -�_
<br />- � coveru �Iin the umount und f'or che ri�x1�hat Leixlcr rc uire,l rovided b in insurer a rovcd b Leixler u ain becomes �`�`
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<br /> ��'� uvuiluble und i.ubtuined.Borcowcr.hall pay the pmmiwn,rcyuireJ to maintaim m�rtgage in�urunce in rtTecl,ur to provide a �
<br /> los�reserve,until the reyuirement tnr mon�uge insuruner endx in acrordunce with•rny wnnen ubrcrnxnt between Borrower
<br /> •�� and Lcixlcr��r upplicublr lu��. �"'''
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<br /> •��� 9. Inspection. L�nJcr or it�agcnt may makc rea,onablr rntrir�upun imJ inspections ul'thr Pn►peny. Lender,hull t,. :-.
<br /> ., give Bom�w•er notice at the�ime ut'or priur�o un in,�cl+rn.pecifying rea,on�ble c•ru.c Gx�he in.peciion. ;
<br /> �.�' l0. Comlemn�tion. The procrrdti uf any auard ur rlaim ti�r Jamagr�,dircct��r cun�cyucntial,in ronncction with any
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