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<br /> , periods.thu L,euder nquires. 'llie ins�rar�ce'eaaier{xoviding t1�e uisurance shaU 6e chosert by BaKRower subjt�.to ixn,�kr;s,
<br /> �pQ[OYai WIIlf119I1�II t10[�IG YIIRAS0113aIY WItI1TlCI�.�tf,BO[[ONfGf f31IS t0 IRa1A[�111 COYtCJ$C dCS�.(II1G�aI10Yt.Lti�oi.m����t�
<br /> l.e;nder's apcion,oMain c.averagc to pcatect Lender's rig6ts in the P�opecty in accordancc with p�rraBr�Ph�• .
<br /> AII insurarrce pdicies and renewgls shalf be xcept�bie to Lender anci shall includc�standard mortg•rge cf:�ps;e._4etaQCr
<br /> sGal!t�ave,the right to hold tho Policies and renewais. If i.ender m�uires:Sor�ower shatfi pmmptty gir•c tu Lcndqr atE rqar�iptx
<br /> of ptid prcmiu�;ns and rerxwal naices. In the cvenc ot loss.Barrower shall give prompt notice to the in.w�nce.car�ic���ti4;
<br /> � • L.ender. Lender may maice�of of toss if not made promPBY b}r Sarorcer. ' .. ;= • �
<br /> — - Unkss Lrnder and Borrower citherw'sse agree in writirtg,isu�uan�e Qroceeds sha!l.6e applied to rcctcKatiaq:��epCCi+�,uf,
<br /> the 1>uoperty`�dama8ed. if the�e.stoation or repair is eoo�wmirally.feasi6k and Lend��'s securitY is not Icssy�d. �f�the. `
<br /> testaatioa.or Rpair is na ecaiornicaUy,feuib(g or Lender's•securicg w�ouid be lessened.ttre insurance ptoci�dr.st4��ibe .
<br /> � 3pplied co the sums secuted by this Se�nrity Instrumen�whether or not then due.wiih ang excess paid to SormH�s. tf�
<br /> - ` gorrowR�bando��s ti�e pmpeny.or daes not answer within 30 days a.iwtice fmaE I.enQ�r tbat ttte insurrnc,@�carrie;�h�s
<br />�_,4 offe�ed to seule a etaim.tlxn I.ender may eollect the insurance proeeeds. Lende�may use the proceeds to repal�'a.ne:�tKe-
<br />= - � the ptoperty or'ta psty sums s�by this Security[nst�ument.whetber or nat then due. The�MaX Periad'"i�b�:P-�,�then, ..
<br /> ,�;: the notice is given. - � —
<br /> - � Uniess L�ender and Borrower ahe:wise agree in writing.any applicadon of pmceeds to principal shali ngt extEnd;oc
<br /> - postpone the due date of the monthty paymenxs�eferred to in p�graphs 1 and 2 or chaage the amotmt of the p;►ycneAts. (f. _
<br /> ' under}saiagraph 2l the Ptoperty is.xqoired by Lender.Borrawer's nght to any ineur.�nee policies and proce�d��{'tn�
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<br /> . frau damage to the Raperty ptior to the acquisiuou shall pacs to Ler�r ta the extent of the sums seeumd by;this 5e�crsdty =---
<br /> � Instrument immediately prior to the acquisition. " R-�_-'
<br /> 6. Ocapanc� Pnservstir►n. Mai�tetwnce aad Protectian of the Prope[t3'* Ba�rawRr's Loa4 A�PRlit�tiAU: � --
<br /> ' � `t.nseirolds. Barmwer shall occupy.es�ablish,and use the FropeaY as Borrower's prineipa!�sidence wit�in six�X d�y�.afier : �_,-.--
<br /> tli�execution of tfiis Security Inr-trument and shatl ca�uinue to nccupy the Property as aotrow4r's priqcipal n�s3de�e fAC,at. --
<br /> - �;:
<br /> � lrsst one year after the date of occupancy. untess Lender dherwise a�+ees in.writing, which.cansent shuli,n,�K:be_ ��'
<br /> unrea�a�abiy withheld.or untess extenuating circum.siances exist w6ich are beyond Bam4was's canOtot.. �����s�.� . ��".4-=
<br /> -� .t desiroy.damage or impair the Pmperty.allow Ihe Prope�ty f,=.�—_.
<br /> to deteriarate.or commit.wastc oa th�Pyperty. Bo�cawes�sTtall: � ��,;___i
<br />`' • : 6e�in default if any foifeitwie action or praceeding,whether civil or crimina}.is n that_in lx�uter's ood faitt�J�1£;���• E'�`'''�--
<br /> 6egu �u g
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<br /> coold result in forfaiture of the pcnperry o�otherwise materially impair the lien created by this Security In�truRient or
<br /> __ ° Le�der's security interest Borrower tqay cure such a defautt and reinstate.as pravided in paragmph 18,by cuusing�t�`.actian• ._ ;
<br /> � "�- ` ar proceeding to 6edismissed W itli a niling that.�in Lender:s good faith detennination,precludes forfeiture af the.Bamattct:s � , ; `-
<br /> �' �� �:..�� interest in the Ytuper[}+ or other materiat impairment of the lien created by this Secunry Instrumerct.ar Lendars sccUrity � __
<br /> ��� � interesl. Borrow�er"•s h a l l a lso t�ur de f�u l t i f B o r r o w e r. d u r i n g t h e l o a n a p p l i c a t i a n p r a c e s s, g a v e m a t c ri a}l y f a�9e oc
<br /> �, _ -,�kr, . * .
<br /> ` � ,����;; • <.���' � > � � inaccurate infom�ation or statecReniy ia Lender(or faited to pruvlde I.ender with any matecial information)in con�iRctina,wilh ,. _
<br /> ,-:._.-�._-1,},�,�°�4x;, , af;tfte . _ _ -
<br /> •.:•�. �he loan evidenced by the Not�..uicluding. 6ut no[ limite�! w. representaiians caaceming Boaqs��erti occup�ticy , , F
<br /> Property as a principal resideiic�e I€chis•Securiry Inxtrument is on u teasehald.Borrower shalt campiy with aQ thp tmovi�ians ,--�_�...,'
<br /> :r�n ' ,1,F�` ,'� of the lease. If BoROwer acqui�fcx title to the Property.the teasehotd and the fee GUe shall rtol mer=e unless E.efi�er a�ees ' °„�;�:�:,�- =
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<br /> �+��"° tothe merger in writin�.
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<br /> .r.-7', ri �•: . ,7. Protection of l.ender's Rights in the Property. [f Borrower fails ta pedorm thc cavenaatti and sgreements ��s:...n=��
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<br /> `�,�,;,�;'�-1;•r, . � con�ais:ed in this Sec�irity lnstlua��t. or ihere lc a IagaI pro€eeding that may significamty affect Lcnder's rights itu the- , �
<br /> ���1" Qcoperty(such as a praceediag it�t�kruptcy,prabate,for coad��ati a n o r f a r f e i t u r a o r t o erforc e l aws or regulat lon.r•),then. �:`''�,.
<br /> '_s;��t:.y�,t;r;_}`�. �,' ,
<br /> • .� i:emd-�may do and pay for what��er is neees,ary tn protect tfrs value of the Pcaperty aiid f�.ender's ri�hts in th�.,gNp�ty. �'�' `--
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<br /> • � � • Lender'.s actions ma include a in an Sumti+ecured b a lien which hay riorit ovee this Securi. [nstn:ment..a�pearing � �•''' '��
<br /> ,,,_ Y P Y P Y• Y P Y tY , ':'fi=:_
<br /> in court,paying reasonable attomeys'fc;u:s and entering an the Property to make repait�. Atthaugh.L.eader inay tak�e actian , ' �y�
<br /> . under this paragraph 7.L en der does not have ta do so. '
<br /> ____ ' � • Any amountti disburied b�Lender under this paragraph 7 shall become sidditianat deb�of Borre«er secured by this � _ _ . '��
<br /> ,_ - , . � Sec�.*ity Instrument. Unless Borrawer and Lendcr agree to ather terms of payment.the�e amaunis shall bear intcrest frara�the • =;
<br /> _ - — ' date of disbur.sement at the Note ratc and tihall he payable,with intere�t.upan notice from�.ender to Borrowcr requesting '" •`.-�-
<br /> _ _� ment. • ;,, c�-
<br />. _,���;�f-�';;': ' . . PaY , -
<br /> . • �. Mortg�e Iasur�ne� lf Lender required mortguge insurance ac a condition of making the loan secured by this . _
<br /> ' �: � SecuSi€y tnstrur.ien�.Be�rower shall pay the premiums required to maintain the mart�age imunmce in cifect. if.fas any
<br /> � � ' reaco�:the mortga�re in�:ca�ce coverage rcyuired by I..enQec lap�e.r ar ceases to Ix in effecl. Barrawer �hull pay the
<br /> , , ��y ` • , premi;�m�:required to obtain coverage suhstamially cquivalertt ta thc murtgage in�uranrc previausly in rffcct, at a r.art :.', .� __
<br /> •� • : . su6staniially equivatent to th�co�t to Borrower i�f the martgag:imurance previuu�ly in effect,from an�Itemate a:ortgage � , .,;`
<br /> """°'" ' in�surer appro�•ed byLender. If�ubstantially cquiw.dcnt mottg:�ge inrurance covcrngc is nut uvailable.Bc�rrower shull pay to . . •
<br /> ��•� - �,. � � '-� .
<br /> �'�-�.,.4. : - Lender each mor.i.�a sum equal to nne-twelf[h af'the yearly mongarc inrun�nec prcmium being gaid by�Bonower when the t;,;;��.,� ;
<br /> -, . insurance coverage�apsrd or rra,rd ta bc in cffcct Lcndrr w'ill acccpt.uxc and retuin the�c paymcn[�a4 a lass reser��c in licu � • � ��
<br /> ' �,� of mortg:�ge,insurancc. Lv.y rn�:.rve payment�muy na,tanger bc rcyuired.at�hc nptiun of i.cndcr.if martgagc in�ursuice f ���
<br /> • cor•�ge(in the amount and for the periocl that I.endcr reyuire�)pravided by an imurcr appraved b}�l.ender again.i�ea.�mey 1 � ,
<br /> - ' avae[able and is obtaincd.�onawct shall pay thc premiumt reyui�ed ta maintain madgagc insurunce in effect.nr t�pravide a ! ' �
<br /> ' toss reserve.until the requirement for mungage intiur.mee endti in accordanc�µith any written 7greement 6etween Borrnwev � �
<br /> ' ,: ar,d i.ender or applicnble law. � � . '
<br /> • • 4 lnspection. l.endcr ar its a�cnt m.ry make rea,un:►blc emries upon tmd intipcctiuny of thcs 1'rc�peny. Lcnder tihall 1
<br /> ' ' gi•�r Borrowcr notirc�t thc timc of m priur to an inzpcctio�i�pccifying ma.ronablc cau+c f�srthr in.persian. �
<br /> , 10, Condemnattan. The prcxeed�af.my aw:�rd or claim fi�r damages.direct or am�eqttcnti��l,in cannection c�ith any (
<br /> . . . Siagk Rmiiq•--funnir�tae'f'reddk Nac t'�IFI)RS1 f�!�'1'(tl'NF:\'f•-!n,fnrm Covrr.�r.:� 4'90 ���ic4•.t�?��puRrsi �
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