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<br /> � Perioas thu i.mder roguires. The iasuratr�t catrier pcoviding the"insuru�cc sh�li be cl�osee by B�n�ower sabject to l��er�s ;
<br /> approvai which si�na be wua�saoabty withfkW. If Bonawer fails to m�inttin covarage d�cn"6od above,I.eader may.at
<br /> � Irender's aption.obtain wve�age to p�atect Lender�s rigtrts in ttie Pmpetty in accordurce with puagr�ph 7. .
<br /> All in�ance potxles and zeaewaL�sf�ll be acceptabte w Letida and shaA�ncfud4a staiWaM mortgage ctaust. I.ender
<br /> shall davc tha right to hotd the policies and re�wals. 1f Lender ro4uins.Borrawe�shalt pminptiy'give to�,ender all neceipts ` ,
<br /> _ of paid�emiwns aisd ceaewa,l noaoes. In the eva�t of losc.Bonowa shap give prompt t�ce to the=insurAtz�t c�a and___
<br /> " Lei�der. L�ndei tnay mate proof of loss if nat made pcomptly tiy Barowa. -. - ' -- --
<br /> --- UnIess l.endtr an�Bamwer aTxrwise agroe,�writing.i�raflce�acced�strzU be appli�tu�n ur ttpair of
<br /> - � �e pmpaty dama$e3;if tix resto�atias ar n�air is economicalty feasibte and Lender's secunty is nai le�-If-ffit--- ---
<br /> restaatian or n�air is aot ecanoiaically feas�'bk or I.ender's security would be lessened.the uuucaace pmcads sha11_be
<br /> applicd w the sums s,eca�d by this Savrity Instrument,whether or not theo doe,•with any euess paid to Borrowei tf
<br /> Bortowcr abanda�s the Pmpert}.or das not aaswa withia 30 days a notia fran Lender ti�t the insuran�x curier bas
<br /> �- offeaed to seuk a cfaim.then ixada may Collect t!�insuraace proceals. lxnder may use tl�e pmceed4 to tep�ir ar restorc
<br /> =�� — ' tbe Ptopeiiy�or to pay sums ser�med by this Secwify lnsaumeM.wiudier or uot ther►d�te. 'Ihe 30�ay period w�`l�t�egin whea
<br />_=�- t6eiaticc isgiven.' . . .
<br />`;" Uniess Leader and Borruwer•otheiwise agne in writing.any application of praceeds to priacipat shall nat,extertd.or
<br />_ pos�tpone tfte due date of the moathly paynxnts seferre�-to in paragraphs 1 and 2 or change the amount of the payments� I€
<br /> ttitder patag�a�lls 21 the Pmperty is xquired ity I�r'8orrower's right to a�ry�s�uance polictes and ptaceed�s�g '.
<br /> ftnm damage to ihe Propett}�riac to the acquisitian sF�afiL pass,to I.ender to the exteat;of the sums secured b�:tt��auit}. . d-=.___-
<br /> Insuument immediately prior to the acquisiuon. , ` _
<br />.� 6. Uacu�u�cy, Presesvalion, '_Na�teaanQ:?�d'Protcctbe ot the Property; Barrower's Laos AgpTcat�: -- - - -
<br /> ' " -• l.e�seboids. Harawer shall accopy.esrablists�and usr iie Propecty as$arower's principal residetice aridtin si�_days after --
<br /> the execution of this Securiry Instrument and shalF"cc�`.�i�e to occupy the Property as Borrower's principai�far at _
<br /> least one year after the date af occupancy.:unEess L•�der att�erwise agmes ia writiag. Wchich consa�t �al.na 6e —
<br /> , . ��nxsq�ably withheld,or"unless eateauating cucud�res eaist which atr beyond'Borrbwer's coaaol. Bom���,saiail not -
<br /> � • desnoY.damage or impair thc Properey.a�law the Fiuperty to deterio�ate.or cammit waste oa the Propetty. 8a��ua�t st� —
<br /> _.�;'� : ` be in default if any forfeiture action or p�ceed'uig,whetlxr civit or criacunai.is begun that in Lender's good faaf�'jud� _-_---
<br /> ��• could c�eesult isr forfeiture of[tte Pmperty or otherwise materially;"rs�;tise lien created by�his Sec�riry Insttumeni vs V -�
<br />---_ 't'`� � lxnder's security intete.st- Be�sa,wer may cure such a defauit and re�:sa.�as pr+avided in P�8*�Ph 18.by cavsin�the,actian� - -
<br /> . . ���:,:�!_,` , or proceeding to 6e disa�issed.with a ruling tha�in€.en�s gaod faith iietemriaaron,pi+ecludes forfeiture of�e 8'orrower� :�:�:�,:
<br /> � `" �� intercst in the PEoperty or other material impais�a�t�the lien cr�eated by this Security lnsuument or Le�d�s securitY '�',�:r°::°�
<br /> -��y`;;;#F� . interest. Borrower shall also be in cw'Failt.�f Eti��sver,during the loan apptication process,gave mater"sa.ng fatse or .. t;<<��`''`
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<br /> '•�•'t��+;;:,� inaccurate informa6on or statemen�g to L�a,��(aF�fa*-'�e,d ta pravide L.ender with any material informationy m co��on with : �:--
<br /> • �`�:.�;=:';��'`;�Yr:` � � 1s;,��a�'�imited to. tations conceming Borrower's of the "-�,,..
<br /> the loan evidenced by the Note, incia�., �n ���Y =; �;,`_
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<br />• property as a prineipal residenca If.this SPCUrEs}Yc��ss�ent is on a Ieasehold.Bnqower shall comply arith ait��rovisions r��,.
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<br />"� �af the leau. If Borrower acqu'ues fee titfe�€a L"7e.Pr�:the leasehold and tt�c fee titte shall not merge unte�•��agree's �,X��._-
<br /> '.; ' ' ' _"� . �n the merger in writing. ' . .' . - -`�` -
<br /> � "�° . � . 7. Pratection ot I.ender's Rigjits�a tl,ie Property. If Borrower faiLs to perform the covenants ah3�gie�ments —
<br /> "'�� �`' contained 'm this Security Instrument,o��ere is a legal proceed`u�r,�a� ma�'.s:�nificantly'affeet tender's rights in il�
<br /> ��t-�:;-��'?s. -
<br /> • - ��- . propercy(such as a praceeding in bar��^�pu.�.Qrobate,for condemna:'�-�:for�`�°�ar to etd'arce�aws or regeilations),then _
<br /> ��.� ` I.ender may do and pay far wfiate�•er i;r,"ecessary to protect the value bf the 4��,�and Lerider�s tights in the Property. _
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<br /> ,�; .. Lender's actions�may incls�:p3�:.^.�a:,y sums secared by a lien which has priorit�°aver this Security Insuument,appeanng
<br /> -� ^ ���: in court.paying reasonabl.°��:a.->�ys"fe�s and entering on the Property to make repairs.Atthough Lender may take action _ . _ -
<br /> ••` . � •. :�`;r" under ihis paragraph 7.Lender d�oes r�a:fa�:e to do so. '; -
<br /> :����W:�t_:�•.:t•• Any amaunu disbur.+ed by Ler:�r a:.�rder this paragraph 7 shall become additional debt of Borrowersecured by ehis .
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<br /> %.,, `z Security lnstnimenC Unless Borrower a�3 Lender agree to other termx af paymenti these amaunrs;�a11 bear interest from the � _
<br /> ��3�'�£�:y�•���.:�' ' date of disbursement at the Note rate and shall be payable.witb interest.apon noticc from LersCei to Borrower requesting : _
<br /> '��-'•':�r=.:• payment, -=
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<br /> . �'' ' S. Mortgage Insurnnca If Lender required i::ortgage insurance as a condition of making,the loan secared by this
<br /> ' . . - Security Instrumeat.Borrower rhall pa4��he premiums reqmm,cl te^�intain the mortgage insur,xre� in effect. If. for any �� •_
<br /> � �r• reasan, the mortguge insurance cover.� required by Lender i�4..a:,nr ceases to be in effe� �orrower shall pay the - , .,��
<br /> �••-F�-*=•'; ,. '"'� premiums required to obtain coverage substantially equivalent ta��•e�mortgage insurance pcte,s.•:sly in effect.at a cost � �:•�
<br /> , o-���.;r:. „ _.
<br /> -°•-u:_.;-�y,- substantialiy equivalent to t�*e cost to Harrnwer of the mongage incar'Ance previe��.�ly in effeci°. �.�r.1 an alte�ate mongage ��;,..r,.,.. , . �:
<br /> y�'�!''F='�-=,�=- lnsurer approved by I.cnder. If substantially equivalent moAgage insurance cover,,_e is not avaiiabte.Borrouershaq pay to �.,ga;�. �_
<br /> M�'-4 a�"��� Lender euch mantb a sum ual ta one-iwclith af thc e.ul mort n e insurance remlum bein id b Borrower when the � .�•
<br /> -`s�.�..:r��,� �1 Y ' Y S S P S Pa Y
<br /> �'.:'.'.`.'''�''�� insurance covemge lapsed or ceased to 6e in effect. Lender will accept,use and retain these payr^ents as a toss reserve In lieu , ___,
<br /> ���,,:i�_-�� of mortgAge insurance. Los.r•retiervc p�yments may no longcr be re.quired, at thc option of Lender. if mnrtsage insurance �' � _ _
<br /> �`-'J.`�< � coverage(in the utttaunt and for thc penod that I.ender reyuirc.rl providcd by an insurcr appro�ed by Lender again becomes e;:,
<br /> . '.Y 1�'�.:' � 'J '
<br />. �-'�'���r'. ��. availabte and is obtained.Nnrrower shall pay thc prem:4:ns reyuired to maintain mo»gagc insuraacc i�effect.or to provide a : _
<br /> �*• • � lasx reserve.until thc reyuirement for martg�ge intiurw�va ends in nccordance with any written agrcement between Borrower f �
<br /> � and l.ender ar npplicab2e law. i ' �„••, _,
<br /> . . 9 ln.gpection. Lcndcr or its a�er,z r.�ay make reason�bie e.^.trics upon;u�d intipec�ions of the Property. l.ender yhall
<br /> ',., �.� � -+�' give Bomower nptice at the time af or�,.:�:;r to an ia+pection�pecih i�.�reasonable cauye fvr the+n,pectinn. �; - : � ,,;.`.,:,
<br /> �s;: .'� : � '� 10 Condemnation. The procee��of any award c�s claim tor,;:�:mgeti.dire��t or canseyuential.in canncction with any •. ,;,,.,
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