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<br /> periads that Leud�r t�quiRes. 7'hc incurance ra�rier paviding the ins�uanoc s�aU be chosen by Barcower subjert to Leedes��
<br /> ' _ appsoval wfiich st�li not 6e u�ueawnably witiil�etd. if Bamwa fa�s w ma�t�caverage dtscdbod�bovG Leoder,may.at
<br /> Laider�s option,obtain coverage to ptptcet I.endsr's rights in thr Prnpecty in accadanoe witU paragra�7.
<br /> � Atl insuraiice policies aad re�ewats shall be acceptabte to i.ender and shall inctudo a standacd matgage cla�e. t.�ad+er -
<br /> _— s6aft have tht rigM to hotd the policies an�trn�wals.:If!�Fequi�es.BorroweF s6all promPtiy give to Lendee all caeipts - .
<br /> -- . of paid p�emiums and rentwal�. In ihe eveat o#toss,Bonower shal!give prompt notice to the insuraace carrier anQ • _
<br /> - Lender. Lea�er may maice proqf of loss if not m�de P�PUY by Borrower. � -.�--
<br /> ----- -- ------ -- - - Unkss�Lendec and Bamwer•athetwise agcee ia�rtiting,insuraace Q�nceeds shall 6e applied to restoration ar repair of � -_ _ __ ---
<br /> - - - the py,op�tty�damag�d,if the�essaation or repair is economira�ly feasible and�.ender s securiry is'nc*t Tessened. Tf the _ _ _- -
<br /> • restoratiort ar'repair is not ecaiani�aliy feasibie or Lender's security would be tessene�,t1�e insur.uice procee�s shall ix ".���_-
<br /> - applied to the swns secund by this Sec�rity instrumen�whether or not then dae.with any excess paid to Botmwer. !€ �,---
<br />`- Bocmwer abandoos the Roperty.or does nut aaswer within 30 days a notice from l.ender that the insatance casiu ttas =---___
<br />_ . offered to settle a�iaim.the�}I.ender may coqect she insurance proceeds. Lender may�se the p�oceeds to�epair or testoie. ' �_ --
<br /> _ the Ptupeity ar to pay sums secuied by tnis Socarity�nt,whether or:not then dua Tde 3Q-day periad will 6egin when . _-_-__--
<br /> , the nntice is given. . , � • . _--_=-�.---
<br /> : Unisss L.ender and Sarrower otherwise agree in wciting,any applica6an of proceeds to pcincipal sUa!!nat extend or_ _-
<br /> ..
<br /> _ . postpone t6e¢ue datc of the fcwnth/Y payments nefe�red ta in paragnphs 1 aad 2 or ehange the amount ofp�eeiu. If' =--
<br />-- ` �_ _anderpazagrapf�21 ttie Pmperty is acquired by Lender.Boaower's eightto any.i��'�ance polici�s a►� c�sulting , ���—
<br /> • " :fcam damage ta the Property prior to the acquisition s h a q pacs ta L e n d e r w t h e e a�e c t o f t h e s u m s s e c�t t+e d 6 g.f l t��S e i c u r i c y -'�'�,_
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<br /> . ,, 't' `:,1.�-,-
<br /> , , • �cisutanent imm�diatety prior to the acquisi6on. .: . . . ::.,... � ,- -
<br /> � ; 6. Oc�p9ecy.Preset'�`ation, Maintenance aud Protection Qf the Pca�tetity::Bo�taR'a''s.�-o�t!:.'�Plicatian; _-
<br /> <,;;<s Ltase6olds..Borrower shall occupy,estabiish.and use the Ropcny as Bomnwers.E'r�Pal ces��e aitt�ia�:;sf�t��ays after , a, •._:}�..:
<br />���,:r; ,r the execution of this Securit,�-Irtsuument ar�d shall continue to occupy the Prope�}��#ams� s` t�for at ..;�;-;�..,
<br /> .eF ��...,., .. .
<br /> �",;;,; �?; least ate year afcer the date of accupancy, unless I.ender othenvise agree�;_�:;�'a��:;,g�?.�seat..�.:ziot be s,; '`_`"�
<br /> � �:� ,..-�;' •. unreasonably withhetd.or'unle�s eatenuating cit�umstaaces exist wbicA aze,t�on3.8�.*svae�s�L �eaic;�i�:��:... _
<br /> '•' desuo . orim irthe �ien3'-.'$��e:sEr�IE � _ . �
<br />.. ,-;:.. Y ��• Pa �P�Y:allow the Praperty to deteriorate.or commit�rasUe u�.� , _` ,
<br /> . ' be in defaul4�any fafeiture action or proceeding,whether civl or cr�minak is�6egun that in�r's good fa�t�.� .: ` ` ���:J�,s� .��.
<br /> � =*��-?'. , ' rould result in farfeirure of the Propert}+ oi otherwise materially impair the lien created by this Secwity;°C�.-ciui^xnt or
<br />• ` :--', t. . _ . ,. __
<br /> b � -�=•�-;t:� Lenders security interest. Bomnwer may cure such a default and reinstate,as pmvided in paragraph 18,by�susm�t�e,action ,
<br /> °` - :��.,:;�. -�;- or proceeding to be dismissed wittr a tnling that.in Lender§gaod faith detrnmnatian;P�eelades fafeiture o��e•�we*'S - -r _ _
<br /> ' a`�`-'°''� �` interest in the:Pro or other materiai impairment of the lien created by this Security Inswment or Leriders serucity -
<br /> „�' _�-_.,i'` - . �'
<br /> �- �-"-- �� interest. 'Bc.ceiiwer shal!also 6e in defauSt if Bomawer._during th�toan application process, gave materi a l ty f a 15p:or •
<br /> `-��`'-�=����,
<br /> :-i lJIflCCU(II[C:L�ii:c�nation'or statements to Lender(or faited to pmvide Lender with any matesial infom�ation)in con�ecticm;witb - � •
<br /> � �`~� -:- ;� : �; the toan ei���ed 6y the Note, including, but not limited ta. repnesentatians wnceming Borrower�s occ�e�ncy o�ihe
<br /> •���r' Property as aprincipal residence. If this Secunty instrument is on a teasehold.8o�oweP shall camply with al}�:pmv�stc�ns _ ' � �`., s`-
<br /> = �'S.�f"y'�=:�:'3�` '�-i. ;-
<br /> = k`t-=. r� of the tease. If Borrower acyuices fee tide to the Prope�ty.ehe leasehold and the fee titte shall not merge unless�.eader�gr.aes
<br /> : ��.r:.�y's-�1.;� s . ' � =
<br /> ' ' l:.�:�,.;, ,, ,• ta the merger in writing. �' ^ _
<br /> ;�;;.,..._;;j.�;_ : ;.-�, 7, pr�ectbn of.Lender's Rights in t6e Property. It�oROwer fails to perfarm the eovenant5 and agreemeat;�
<br /> :• =�`:- � -�,�-'� '-- contamed in this Security Mstrument,ar€here is a legal pcoceed"uig,tl�at may significantly affect Lender's risttts•ia�tlrs;. - ,. _
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<br /> - ;'::� �' property(sucb as a proceeding in bankrup�rrcy.pro6ate.for condemnatian ar forfeiture or to enfarce laws or regulations).tl�n�� �
<br /> i.ender may do and pay for whatever is necessary to protect the value of the Praperty and Lender's rights in t6��ropGrty.;- '
<br /> Lendet's actions may include paying any sums secured by a lien whicb has priarity over this Security Instrument.appGaciit�,� . ,
<br /> . in court.paying reasonable attomeys'fees and entering on the Propertyr to malce repairs. Although Lender may u�ice actim�.� , -- "
<br /> �, , undet this paragraph?,Lender does not have to do so. �
<br /> : .t �:i Any amounts disbur.sed by Lender under this paragraph 7 shall become additianal debt of Borrower secured by•�h.`.�;
<br /> - - - Security Instrument. Unless Borrowcr and i.ender agree ta other terms of payment,these amounts shall bear intetest frar�t1�
<br /> . '�``` � ' �, date of disbursement at the Note rate and xhap be payable,with inter�t.upon natice frdm Lendcr to Borrower req�e�tittg , .
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<br /> °`;�����.�`:::� �. ;. payment. .
<br /> �'° �' � '�• S. Mortgpge Insuranee. 1f Lender reyuired mortgage insurance as a wnd"uian of making tha toan Secured by"ihis
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<br /> ' � ``'�`�``�'' '``' Security Instrumen�Borrower shall pac rlte premiums rcquired to m��tain the r:YOrtgage insurance in effect. If.•foF•any �
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<br /> ' :' .;::�%: nason. the mortgage in.�urance coverage required by Lender tap�e5 or cea�ec to be in effect. Borrower shal} pay ehe :.
<br /> �;'� • • prem9um�required to ab�ain coverage xabtitantially e.;aivalent to the mortgage snsarunu previauvly in effect.�ut a casi .
<br /> ',� subsutntially cyuivalent to the cost to Bomawer of the r.*_ortgage insurancc prcviou.ty in effec�,f'ram an aitemate,mortsage �
<br /> • ,.�. . insurer approved by Lender. If subxtantially equivate^;snortgage inyurunce coverage iti nnt available.Borrawer si�all pay to _
<br /> ' ; - ;t..': , .� Lender each month a�um cyual to one-twclfth of the yearly martgage insuruncc premium being paid by Borrower when the ",
<br /> . . - insuraaee coverage lap�ed or cea�ed to be in effect. lxnder will accept.uxo artd reeain thexe payments as s�1o.r•s teserve in lieu i�
<br /> " � ' i';t..: <<;a�.:;:�� of mortgage insurame. Lass re�erve Qayments may no tonger be rcyuired,at the ap�i�n of l.ender,iP mortgage in.curance . .
<br /> •,;-„«,r;�r:: �:'.; coverage(in the umount and for the period that Lender rcyuire�)pu�vided by an insurer.►pproved by Lender again becomes l
<br /> ;:?��f;-!:;��° : available and is obtAincd.Harrowcr shall pay thc prcmiums reNuirrd ta maintain niortgagu insnrance in effect.or ro provide a }.i;;:� .
<br /> ''��`��'•�+" �` loss reserve,until the reyuirement for martg�ge insurance end�in accordance�r•ith nny wriltcn agreement between Barrower i�;,;',�°
<br /> � '� and Lendcr or applicablc law. ' � � �.
<br />' ' � '�'�:. 9 lnspection. l.cnder or its a�er.t:hay mukc rcav�nablc entricv upon.utd in�pe�tionw of['.,e.Praperty. Lendcr�hall t • •
<br /> ,',. � , •• '�. . give Borrower no[ice at the time uf or pr�,,Tto an impection��xcifyin�;rca�n.�ble cs�u.re for the in���zcion. � • ,.
<br /> � .. 10 Condemnallonr The proccv:c�,�f�ny awurd ur claim fur dumagey.dircc�ar conrev:�er.tia,l.in connectipn with�.n� �
<br /> , . . s,sgle E�::[.-=E':utnie tf•re/Freddie�fac 1%hIF11RN I�tif itl'AfE�7'.-t'nifnr.n Cm c:tan�. 4/4Y �/�.;<�3�jb pn:;r+i .
<br /> t ' � c.�r:e::aes eu�nr.a F serr.�inc.■ � �. •
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