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.- _.: "-r�s,sn-�.: � -fZr�S.S(�TY*"�T �� . _i L ' ` - _ ' ' ' '_ ' _' ' _ ' '.- .u; _ � _
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<br /> � �periods ti�t Lender t�quiaes. 'IT�e insurancc`catrier pmvidiag the iasw�nce sha116e chosen by i3asuwa subjact to Lend`er'a,
<br /> : arpp�o4�f�wtiich s0ai1 not be uacr�sonaMy withhetd. IE Sorrnwa faits.to maintain eoverrge des�ri6ed above.Lender msy.�t ,
<br /> t,enderh aption.obtain cnverogc to pratect Lender's rig�hts in the Pivpeny in accadance with paragraph T. '.
<br /> _�-:� All insurancc poticies anc!renewal+sh�11 be acceptaDle to Lender�nd sh�11 include a standartl mcxtgage ct�use. Lendcr. ,
<br /> ;_ , ` shaI!iuve the right to hbtd the policies a�d cenewats. If�.erider requires.Bo�roWer sGati promptiy give to Lcndrr atl receipts .
<br /> of paid pnmiums and renewa!notices. In the evmt of loss.Brnmwer�hail givt pcampt notice�ca the insurmc�c�rrier and '
<br /> ��_�=:--:`Y;� . 4eoder. fi.endes may make pcoof of toss if nat made pminpt[y by Bo�rower. ` � . ----
<br /> ��;:,� , Untess Exnder and Borrc�voer atlrc�xisc agcre in wnting.iasur�ce Rtuc�eds sdal!be applied to tes�nration oc�pair of :
<br /> the Arop�y damagtd,if the restocation or-repai�is econamicaUy feasible and I.ender:s security is not tessened. Tf the
<br /> �� .,'=� � �omtian w repair is npt ecawatii�aily fe�ibte oc Lender's secunty woutd�e lessened.the i�t.�,+�e pm�eeds shall_6e .
<br /> . -agp�ied.W the sums seni[ed by tt►is Secunty Instrumen�whether or not then due.with any excess p�id to Borrbwer. tf
<br /> .-.. �yq�a�c�dans the`propeny.or dbes na answer withia 30 days a notice fmm i.ender that the insuranre carrier has _
<br />•• � -- �n�e�?pu seNe a ctaim,thert txnder may coliect the incurance proceeds. Leader may use the proceeds to repair or reswce -_
<br /> `- :::::ilie�PrupEr'ty or ca pay sv�r�s securrd by tftis Securit�r inctrument.wtiethef or not then due. The 30-day penad wiU begin when
<br /> � . - ;.;•�bC•iMitii:�isgiven. • � itcatian of to rit�r� tihall not eactend ar
<br /> • _ _ `,�<- � :UnZess i,ender and Borrower otherwise agree in writing.anY aPP� P�� 0 �P��
<br /> '� •�;�.. ., ,`..postpune thc due date of!6g manthiX payments referred to irt paragraphs t and 2 ar change the arnount of the payments. If ------°_
<br /> _ �> ^. �F P�S�Ph 21 the Ftoperty is acyuired by Lender.Bor�awer's sight to any im�rance policies aifd pmceedc resuliinS - - -- -- _-
<br /> .. :,_,Y fmm.da�nage to theAvpetty Pnor to ti�e acquisition shall pass to Lender to the extent of the sums secured by this Securiry r _
<br /> `�. �' -5 '�'� ' lns�uineai immediately prior to the acquuition. � '. . _ � °.
<br /> , ; �=���"' ��,-:' 6 pecupaucy� Preservatfoa. Maintenance and Protection oP the PropectY; Bo�rawer's Lo�n Appiiq�tion; �'''� '_—
<br /> . �_��b� ,•-'' I,e�holds. Borrower shal!occupy.establisG.and ase the Froperty a+Bocmwer's princiQal residence within siaty days nfter .-
<br /> '�:�° '� ��•��_�.~''. . � the exe�ution of�his Security[nmument and shall ce�ntinue to accupy the Property as�ormwer's principal residence t'arat '��--_
<br /> � ':��c,�g-�x
<br /> :� feast q�,ytar �fter• the date of accupancy. untess Lender ahenvite ag�e� in wrsti�tg. whi�t► cansent sh�ll pot be �� ;_
<br /> ' '�"�'`* unreasonablY withhetd.nr unless ectenuating circumstances exist ivhich are be}aad Bamower's cananl. Hnunwer s6uil.not _
<br /> ° '`'���`'-'� '..�; y d�mage ur impais 1he Propeny.allow the Ptoperiy to deteriorate.or catn�it 9vaate rnr cttie Prnpesty: Bomuw�sGall �:. �
<br /> desuo .
<br /> •• . ��.. `6e in defafift�f any forfeiture action or pruceeding.whether civil or criminai.is begem that in Lender's good faith judgrr�em . --
<br /> �'.�''���� " could iesutt in forfeiture of the Property or otherwise materially impair the lien created 6y this Security Instrumecit or _
<br /> �, ` � � Lender's securiry interest. Bortawer may cure such a default and teinsu�te.as provided in paTagraph 18.by causing the action - _
<br /> F�`'�r��� � or pr�uceeding to be dismissed with a tuting tha�in Lender's goad faith detemiinatioM p�tndes forfeitme af the Bomnwers -�. ' -� -- .
<br /> • ' � .�� . i n t e r e s t i n t h e P r o o r o t h e r m a t e ri�l i m p a i m�e n t o f t h e l i e n c re a t e d b y t h i s S e c u r i ry instniment or Lender's securi ty - � __
<br /> : . . � � iateres� Borrow�ll atso be in default if Bormwer. during the laan appircauon process, gave materially false.or , . .:,j�-,
<br /> ' inaccurate infomiation or statemenu to Lender(ar failed to provide Lender`with aay material infortnation)in connectian with
<br /> • the toan evidenced by the Note, inctading. but not limited us. �presentations canceming Borro�ver's occupartcy of the • . �-
<br /> `'�" Propetty as a'ptincipa�residence. lf this Secoriry In.+t�umeat is on a leasehold.Borrower shall comply with all the provis�ions .. r!`��`
<br /> ;�.;�� '
<br /> �� ; � of the lease.'lf Boirower acquires fee title to the Property,the leasefiotd an�the fee title chalf not merge untes5�ender a� • �.�_;-��`�
<br /> �k=i% ` • , to the merger in writin�. . . --_
<br /> :}`��- -• '' >.•, 7. ProtecNo� ot Lendee•s Rigdts in the Property. If Borrower fails co perFarm the cavenatus and agree�neau -�L=_
<br /> ..: ��:-...; --=,:—
<br /> , • `t'"�'"'"; - cantained in this�Secutity Inswment. ar thele is a tegat.proceeding that may sigmfcandy affect l..endei's rights in rhe •;.,:��,---�-
<br /> ,-,;'.-..,.,....
<br /> ,� ���1 •� ,,�fy;;Y;:isnr; '
<br /> �'����=� Propecty(such as u p�aceeding in bankniptcy,prahate,for condemnatian or farfeiture orto e�orce taws dr regulations),then ���,�=
<br /> ���:V'�':.::.I.. . . �
<br /> ' � � L.ender may do and pay fur whatever is necessary ta protect the vatue of the Property and I.ender's righis in the Properey. ..` '�'-_-�
<br /> , •:�:;�'ri:., �c�,,. .. .
<br /> :: ;..� „ l.�.mder's actlons inay i,nclude paying any sums secured by a lien which hac priurity over this Security Instrumenl,appearing ; '. :
<br /> in caurt.paying rc.�sonable attomeys'fees and entering on ihe Prapeny to make repairs.Alt hou g h L e n der may ta ke actian �; ,. ;-
<br /> . under this parag�aph 7.Lender dces nat have to do so. � . � .
<br /> , Any amoun�s disbuned 6y l.ender under this paragraph 7�hali become additional debt of Borrower secured by this � . .
<br /> • �. , . Security Instrument. Untesc Bor�awer and Lender agn:c to ather tesr..�of payment,thesc amoun�s shall bear intcrest from tfte • _ -
<br /> � ��d� . • .. date of disbursement at the IYote rate and shall bc payable,with irtterest,"upon notice fram Lender to Borrower requesting � . .
<br /> • s';.�; .. �- PaYment. � • - . -
<br /> � 8. Mortgage I�rance. If Lcnder required mortgage insurance a�:�condition of making the ban secured by chis , • >'.'
<br /> , � ; �_ Securiry bstrumen� fiorrower s6alf pay the premiums requircd to maintain the m�rtgage insurance in effect. If.far any ' . ' � --
<br /> reacon, the mortgage insurance caverage rcyuired by Lcndcr tapsey or ceax�� to Nc in effect. 8orrower shall pa} ahe '.
<br /> , • ' . premiums required ta abtain coverage sub�tantiaUy eyuivaleat to the mortgage in�uran:�r�rcviously in effect. at a co�t • ��'��,r, -��
<br /> ' , substantiaUy equivaient W thv coxt to Borrawer af the martgagc in�aranu:�vic�utily in eifect:Gam an attematc mortgage : � - .
<br /> � . , . in.5urer approved by I.ender. If.rubvtami;dly equivatem mangage insurance a:�erage i�not avaitable.Sariower shall pay to • �
<br /> - Lender eacb manth a rum equal to one-twcifth of the ycarly mortgage in�ur;�:w premium being paid by 8naower when the � , , ;
<br /> . . • insumnce coverago laptied ar ce�ased to be in effect. Lenct�;r will uccept.u�e and retain�hese payment�as a los�resCrve in lieu � � �
<br /> i��. � • af mortgage in.tiutuacc. Losti reserve payment+m:ry aa longcr he reyuimd.at thc option af Lcndcr,if mangage insurance ' � � . .. . ..
<br /> • _ caveraae(in the amount and far the per�nd tha�Lendcr rcc{uirc+l provided by an insurcr appravcd by l.ender again becomes ,,
<br /> � � avuilnble at�d is n6tainrd.Borce�wer�hall pay the premiumti rcyuircd ta muintain m�ingagr imur:mce in effect.or ta pravide a
<br /> � loss reserve.until che requiremem for m��rig��ge in:urance endti in accurdanee a�ith any written agretment between Borrower
<br /> � • und Lendcr or npplicabic law. '
<br /> ' 9. 1n.vpeeNon. l.ender or its�gcnt may makc rra.unable emric�upon und in�pectian+��f ihc{'rnpeny. l.c:nder�hall �
<br /> �ive 8orrawer notice ut the tin1C ot or prior m.tin iny�xclinn��xcifying re:nonaMe rau.c f��r:jie intipection. ,
<br /> � 10 (:uaAemn�tion. Thi�pruccrdy of;my aw:ud ur riaim fnr damage�.dir�ct nr c��m�yucntial,in rnnncction with:�ny
<br /> • Singic him�fy--Eannie�/ae�Freddie�tac f�IKONN IXti'tk(t±F;r'1'--Undonn('���cnrnc. 9:911 Ipu.1'�•d aj b p�iqr.�i . •
<br /> � - lip'J{�tl�f4 FS�pR10 f/Yflb.�tlC.� .
<br /> , T��kdnc�o-aat+o:aoanm. avatcts�a�•na� ". .
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