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<br /> ' p�riods thzt t.ende�requiteg, 'i'!u insqr�xe cacrier pnviding th�insutance sh�il he chosen 6y Borrower subject ta Lender's r
<br /> approva!which sha!!no!be unrqsona�Iy withheld. If Bormwtr fails ta main�ain mvecage dcscribed above.Lender may.A�
<br /> � Lender's optioa.oMain coveruge to praect Len6ei�tight,in�he P�aperty iri aaco�nc�e with para�aph 7: : _
<br /> Alf insur�uue policie�and rrnewals shal!ba�eeept�6te to l.eader and shaq include a s�ndard martga8c ctause. 4ender
<br /> shall havt the right to hold the policics�nd cenewal� !f 1 ender require�.Batrower shall ptomptly give to Lender all receipts ;�
<br /> . �f paid pmm�ums and renewa!notices. In the event of!o�Bortower shall give pmmpt natice to the ir�rance esurier�nd
<br /> �__ � �„�nster mag make prcwf of tass if not made�nxnptig by,Bormwer. � ---
<br /> ' - Untess Lender and Barower otherwise agree in writing,insurance proceeds sha11 be applied to nestoration or rep�ir af
<br /> t6e ptoperty damaged,if the restoratior�or iepair„is economirally feasit�le,and Lender's.security is not ipssened.� If the � _
<br /> mscotation or re�ir is not economic�lly feasible or Lender's securiry woutd be lessened. �he insur.ence Pmceeds sha11 be ` _
<br /> applied tu tUe sums secured by this Security Insuument, whether or not then•due, with any exegss paid to Borrower. If
<br /> _, - Bociawer ahandons the P�uperty.oc daes not ansx�r within 30 days a notice fmm l.e�dec that the insurance earrier has
<br /> _� offe�ed to settk a elaim.then Lender may coilect the�insurance pcaceeds: Lend€r may use the pnoceeds to�pair or restore `
<br /> =r- - the Pmperty or to pay sums socu�ed by this Seturity Ioswment,whether or not then due. The 30-day periad wili begin when -----
<br /> ' the notice is given.
<br /> UaIess i.ender and Botrower otheivvise agme:b�s writing.any appGcation of proceeds to principal shaU noe extend or. __-
<br /> � postpone the due date o�the monthlY PaYments re��to in pa�agcaphs 1 and 2 ot chaage the amc�t of the payments..g�'.. � �-.+
<br /> u►�der pacagraph 21 t6e Yropecty is acquired b�r t�.Bmrou�eis right to an}iasurance�por�..ps`�:td penceed�resuI�n�•;-.. : - • - �_..,-� ----
<br /> from damage ta the Pt�ecty prior to the acqois��s�a':t p�ss ta L�er to the extent af the s�-=•�s sP��:.,�dsy 2y Ss S�t.~ity, °°- _—
<br /> Insuument isr�sediatefg{�mr to die acquisitian. <..,�. .. : . . • ` : !�r�
<br /> ' �: .fla�waey, Prr�w.�tion, '.1�intesanice a�d l�sa��'€��be Propert�- Besrsv�er'r:•�.o�� A�' ' �+
<br /> � " I.easdtoQds..B�ui'�nrrs sUalf ctct�py.essab�.�d use L'�e Rope:��s'�iaFrose?'s p�+i*.cigat r�idertee w-it3:ii��sia��s�Ears �E"tf.�.`�"
<br /> t �;� -- ttte exec�a*a�o�,;Ti,"ss;5��it�.�iustrur-.,enz azd�:a�.co�.�se to ac�ca�sy the Raperi}�as�omnwer�principa�re�:��ce far a€ �,,��.��-
<br /> ��'�yr ',, ..teasi oae�year'a€t�'ilie-.�a:e o��.ncc,agancy,iq�itess i�nder otix;rwise ar��ees sn:uriring. whic6 con�t st,all not 6e` �'�Z ,
<br /> �; �'r° unr�asoaably withhei����a:'ess extenua. y �rzaxs -
<br /> , � ring cFit�tmst�nces exist whieh are be�and$atrawer�control. Boma��er shall not : :� ,
<br /> :�.;;:,, , }�;.�y ' destroy.damage or impaiF the�iruperty,-altow ths Ptopecty to deteriorate.or commit waste on the Property. Borrower shall =_ M3� -
<br /> _•:' _ .f ' �°H.''". 6 c i n d e f a W t i f a n y f o d e i t u r e a c t i o n o r p r o c e e d i n g;w h e t h e r c i v i l o r c r i minal.is be gun that in l.ender's•good faith judgment _
<br /> � .+; ,:,.�:�._:. :` coutd resutt in forfeiture of the Ptoperty or otherwise materialfy impair the lien created by thix Security Instrument or
<br /> •-,�,'. .. . . . Lender's security interes� Burrawer may.enre sucb�A default and rein�tate.as provided in paragaph 1 S.by causing the action . . — . - r
<br /> ,;� ��'� ar proceeding to be dismis�A with a ruling that,•in�Lender's good faith determination.prectudes forfeiture of the BaROwer y
<br /> - � _�,;.�:� • interese in the Propeny-or ather materia{�Impaim�eni�af the lien created E►y this Secur�ty (astrument or L.enderk security . .. __
<br /> ,:��'-� - intere+i. Borrower shall atso be in default if Borrower.du�n� tt�c toan application pmce�.. gave matcrially false ar =
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<br /> _ ' :!'_�`.:'�;;7T:� ' � ' inuccurate.infarmuud�nr statementv tu Lender{ar•failed i�pr�vidr Lender witb any matenat infortnauan/in cannection with - _
<br /> �`r-�:� the loan evidenced by ihe N��tc, inctuding, bu1�not limited ta, rcprc•entationx mneertting Bos�awer+ oceupa�cy o!lhe _..;��r:-;--
<br /> _�`Tr' Prapcny ac a pri�cipal residence. If thi�Securitu_lns[rument i.ti on a lea�ehald,B��rtuwer�hall cc�mply witb aQ the provicion� =•a .•:, ::
<br /> " '.���4t"'� . of�he teutie. If Bormwcr ac ui�ey fec titte�o thv Pru rt the Ira�ehnld and the fec titfc.rhall'n�,t mcrgr unlc„Lender agrec� -�<t 'p -
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<br /> . �z��y,�. ro the metge�in writing. • �:T,,- _.
<br /> � �;ti=- . ;� �' ?. Protection of tender'ti ltigltt�in ihu�Prapert�: li Borrower fai14 to perfortn thc ravenants and agreements . _ _
<br /> "'�r�'{.��'=� � cantained in this Scrurity Imi�umert�or thero is a legal pr�xceding that may si�,mifiqnity affect l.cader's rights in thv ��_,s
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<br /> Property(such�.ti a proceeding in bankruptcy,probato.for condemnatian ar farfeiturr or to enforce laws or regutatian�►,then a _.T
<br /> _ � l.ender may do and pay for whatevcr iti neressary ta protect the v.tlue af the Property and l.cnder�rights in the Property. '��, _
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<br /> � ,�,,- _�� , Lender's actions may include payin=any sum.�+ecuiud by a lien which has priarity ovet this Securiry Imtrumen�appearing , .r;r�
<br /> ' - in court,paying rea.+onable attomeyti fees and entering on the Praperty to make repain.Although Lender may tuke action t~_
<br /> ' _��;;,,.t ,:..•. under this paragraph 7.Lender dor�nat h:►ve to do so. . �.
<br /> , ..� `<.,4 , . Any amaunts diwbursecl by l.ender under this paragraph 7 shall bec�me add'Rianal debt of Borrower secured by this ,' ;°:,
<br /> '"-� `= Security Instrument. Unte�:�Bnrrawcr and Lender agree to other termy of payment.theye amaunts shall bear intcrcu from the • -
<br /> �°�`�°'�• " �-- date of disbursement at tt�Note ratc and�hall�6e payablc,with interest,upan noticc from Lender to Borrower requesting "•f_''T
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<br /> .;�,.,�„ . • payment. ;:;',� . . .�.
<br /> .,�f`,;.`;,,�; - ;�. S, :4tortgage lnsuetitce. If Lendcr cequired cnortgage insur.�nce a� a c�n�it:on of making the lnar.se�red by this � ,.: _
<br /> �� Secutit Irtstrument. Barrawer shall a the remium.�rc uired to maint:�in the mortRage inuasance in effect. If. far any ��� '
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<br /> "•"' `� � �,�'����� rea�on. the mo�tgage insurancc cavcrage rcquind by l.ender laptic� nr cear•e�ca be in eff�:ct:Borrawcs chall pay fie -
<br /> ••`'�'� .� , '`'�i�,��� ,'�',' premiums requimd to obtaia coverage sub�tantial4� equivafent t� the martga�e inkurance previourly in eftect.ai a rost ��,i;; �,
<br /> i'��`''-:.:.. ,, substantial4 nivalent ta the cost to Eiotrnu•er ac:`::rca a e in,urance r��soa�S m et'Fect.irom an alcer.fate mo a e �' -�
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<br /> }�N�.<., � : insurer approved by/.ender. If xubstantiully eyui�s:ent mnrtgare in�urance co�-crage is not uvailable.Baaawer shttll pay to _ ,,�_,.
<br /> � ' �'"n7 Y•':' Lender eaeb month a sum equal ta one-tu�elfih af the yearly cna:t��c inwr.mce prem�um heing paid by Barrower when che '�' �;--
<br /> ' � ' � insurance caverage lapaed arccased to hc in effcct. Lendrr uifE�.::�nt,u.rc and retain thcsc paymcnt�ax a lass reserve in tis:: � �����
<br /> � . ' ' of mortgage insurance. l.ok�:mrcrve p�ayment�may no I�sn�cr t�.required.at �he option c�P l.ender, ii Ynortgage iqsur.uice • ��'� �
<br /> coverase(in thc arnou�t and for�he periad that Lendcr reyuirey)pr��vidcd by an in�urcr approved by l.ender again bccomcs ; , .
<br /> � • • ' avAilable and is obtained.Borcawer shall(ray the premiumti myuired to mainuiim m�rtg.�ge inrurunce in effcct.nr t��provide u „ ' .
<br /> � � losti resen•e.umil the reyuiremcnt fnr mang.�gc imuramc cnds iii acc�,rdanrc with uny writtcn agrccment t+etwccn Borrawer
<br /> an�Lender or applicuble luw. � ' .
<br /> " � 9. inspectinn. Lendcr��r itv agen�may makc rcasunabtr entricti upan and in�pecti�mti�rt'thc Prapcny. Lcnder shali
<br /> •''�.:. ' � give dortower nalice at th�Nm.af��r priar to an inspectian s�cif}•ing rcaumablo cau.c for the inti�ctiun.
<br />.. � . . 10 Cundemnation. The pr�xccd�c�f imy award��r rlaim fi�r d�mmgc�.�limcl��r cu�ncNucnti;�l.in conncctiun with any I'
<br /> : � . tiingtc I.unily•-Fannic�tae�Ynddic St•rc 1'�IFOR�t l�ti'fRl'NF.Yf-•I'nifnrmCnccnanlr 4;411 qa��e i��1��lkriru �
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