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<br /> __ . � periods lhat LendeF r�eq�ues; The insurance curiec ptaviding the irtsur�e sh�ll 6e cfiasen 6y,8orruwtr sabject to�r� .
<br /> — a�pzo�rai which shal!notbe`wura�sandbty witl�hefd if Bormwer fails to maintain cohera�e desrn'bed abore.[.ender may.at
<br /> _ - '� . ' Lendees opcion.c�btain coveiage m pfixect Lender's rights in�he Pmperty in acxordanre with P�B�Ph�• ' .
<br /> =_�y�r� All insurancrpolicies and tenewats shall be accepwbte to E.ender a�rd sisal}incIude a sandacd mortgage cJausc l�ender
<br /> = -= - shari have the right to hald the policies and reaewats: If t.ender requir�s.Borrower si�alt pr+amptty give to E.ehder all receipts : ,-
<br /> —=_----�'; ,`. ` �`of gaid pmniums and renewal notices. in the e�c�nt of toss,BotroNrer shal!give prompt antice co the insurdnce carrier aad _- --- - -
<br /> --�.�.�� . Lendec Lender may.make proof of Ioss i(nat made PromPdY by Boirower. ' . ' . __
<br /> _ _'��:_:: - • Uates�l.�e�des a�d 8oisawes ath�wise ag��e in Nrriting.insuraace prnceeds s6a11 he applied to�estoraiion or tepair of •� - --____
<br /> �� °:`'- ;the property damaged.if the restoration or tepair is eronomicalJy feasible and Lender's security is nat tessened. If the ��—
<br /> "''` rastoratioa or repair is not economically feasible or l.ender's security wautd be Iessensd.ttte insatance pracee�s shall be �-=-
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<br /> _ ����`,�` ` applied to the sums secured by this Security Insuumea�whet�er or not then due,with any excess paid to Borrower. If .
<br />;' ,�; �.:���.�.: Borrower abandon.g the Property.or does not aaswer within 30 days a aatice from Lender that the insurance carrier has - �'_2�-=--
<br /> . •'- offened to settle a claim.then I.ender may coqect the insurance proceeds. l.ender may use the proceeds to rcpair or restot+e a,��F-_-__—
<br /> " % ' the or to sums secured b this lnstnunent,whether or twt then due. The�3Qda od wili n wlxn. . —
<br /> ... :���, P►'oPectY PaY Y �Y _ YP� � �`�°_ti:_—
<br /> °k:�, =.. the notice is given. : --
<br /> - = Untess Lender and Barrower mhetwise agree in writing,atty�pplication of proceeds to principal shall not eatend oc . ����—�=_--
<br /> `�,_,,y�.{,�1.`.:_�', �� YP Ym P�P �►S p Yme�its. If - �'���---�� -
<br /> � ne the due date of the monthi a ents refemed to in hs 1 and 2 ar c e tlie amount of the a .,��� �------�-
<br /> �� incirar.CC �/CICS 8I1� [OC3�(�S tCSIIu! ��-�'�?'_
<br /> � ���ir,�' nnder paragraph 21 the Pbperty is acc�uued by Leerder,.Bormwer's-right to anY P.� P nS . . ��� _;
<br /> �,�'� �:,�_ �,.°� • from damage ta�3r,�E�roperty ptior to the aoquisnion sh�t!pass to Lender ia the extesit a€�P:e s�ns s�ured by this Sesurity r„c�s�-���:.
<br /> �';�, �'k 1 x , . . �IisiiUtlleCtt Is�'iiedl2�Y�y ptioT tt>fhC 3Cquisitio� _ .':,.;: .: ., -. ; •, . ; . _ _ !" ���y �+�.-
<br /> i�. i�W�{`rs.� ,. 5. QCi9�C� �ftStty�[TIdRs �111tfiRanCC 9IId �[OLOf�(3II Of•QIC �CO�}+;'�iJ[iOWPP*5.�.iYAD I��Iqt�OHf ' Ii,� �Y — -
<br /> °,�r..*��,�� �• ' - i.easeltotd�. Snsra�er shalE aecnpy,esiab2ish,aad use the�ro�e�[y as$orrowec's pzincipal resrc��+iritisus sizty days afrer ',`'� ;"�:�s'�`
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<br /> '` ;��'��''����u� f L : �tli�sxecaaan oF this Securi:y Insri�ment and shaIl oamiaue�pccupy t6e Pmperty as Bprrov�er`s principal residsnc�for ai :r�r
<br /> �;�`'i:; ;s.�`�;��t;s�` <` s� ieast:one �ear afre; tt�e date af accaFancy,�unfess.Lendei otfterwis� agrees in wriring,�a�hich eanseni shai�'na�be : ' �.,�'�„'`��
<br /> � D7;r!�u xi�s i�'f t� iItL�350�i�withheid.or uniess eztenaari�ng circ�mssances eicist.�vlsich are tie}•ond Bormwer's contni�-$armwer.shalt not '�, i r
<br /> `:i - F�'��*`,�"�r s5{:r t �d�troy.dazttag�oi�impair the Progerty.:aItaw�he.Property.to deteriorat�arcammit a�aste on the Progeitiy Boiiawer shat� � ��`-
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<br /> �:r 2 44t����z., ;'�`,., bc:ir�defauii if any.fiazfeiturs aefran isr proceedirig,wfietT�er cnal or criminal.is begun tf�at in I.eRder's good faitfs jud�nent � �.y� �
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<br /> ,1� , r ; , ,� ,; con13 cesnfz i�farfeidue of tFie Piaperty oi otherwise matenaily impair the fien crza'ted by this Security Instrum�nt ar „, , � . . ,
<br /> " ;�`%�;�;�f ; i Lender's security irYferest. Bariower aiay cure s�cb a defaAlt and reinstate,as provicieci in paragraph 18,isy causing the action ,��.;:`;".�;� . I
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<br /> ,,;; .,;..,,_,.,�r:. .`. "� or proceed'mg to 6e�srriused wiih a culing Qsat:in t.ehders good faith dersrmina'tibn;;.precIudes forfeaw�e of the Bortower�s . _ _.�_ r �.-
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<br /> f.., . interest in the Property or other material impaicment of tbe lien created by tt�is Security tnstrument or Lender's security ;•
<br /> • �•'���1;`; - int�res� Borrower shall alw 6e in default if Bomnwer.during the loan appliaation process, gave materialjy false or • . . '��': i
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<br /> , inaccurate information o�statements to l.ender(or.faited to provide Lender with any material information)in connection with • .�'• •;;
<br /> � ' � the loan evidenced by the Note, including, hut not limited ta.representatio�s wncemin� Borrowers accupancy of the • . ' �.- � �
<br /> � . ' ' , Property as a principai residence. IC this Security Instrumenl is on a leasehold.Boaower sfiall comply with al!the provisions �._ _—� :�",,-�'
<br /> ' � � � . of the lease. lf Horrower acquires fee title to the Property.the le��ehald and the fee tiQe shall not merge unlesti Lender agrees s , �:��
<br /> ' ' ta the merge�in Kriting• � • _
<br /> . 7. Protection ai t.ender's Ripht.g in the Ptoperty. If Barrawcr faik to perfurm the covenants and ageements F �� ��^�;�:
<br /> � � contained in this Secarity Inctrument, ar thrre is a tegal proceeding Ihai may .ignificantly aifee� Lendery rishtx in the t� -� � _� ; �
<br /> � ! Property{such as a praecding in bankruptcy,prabate.for cnndemnatinn nr fnrfeiture or to enfarce taws ar regulations),then � • . r��
<br /> . . . • l.ender may do and pay for whatever ir necetitiary tn protect thr value of the Property and Lenderc rights in the Property. � • —
<br /> • • � l.ender's actions may include paying:usy+ums,ecured by a lien which har priarity aver this Security Instrumeni,appeadnS i ' '� : -
<br /> in caun,paying reasanable attamey�fees and entcring on the Property to make repairs.Although Lender may take action � .
<br /> � . under this paragraph 7.Lcnd��r docti not havc ta da sa. � ' '
<br /> , Any amaunts disbursed by l.ertder under thiti paragraph 7 rhall becume additianal debt af Barrower secured by this E l
<br /> Security fnstrument. Uniess Borrower and i.cnder agrec to athcr terms of payment.thesc amounts sha11 bear interest from the r . �. __
<br /> date of disbursement at thc Natc rate and shall be payable,with interes�upan notice lrom Lender to Horrower requesting �. . • - _
<br /> � payment. _-
<br /> . = S. Mortgage Insurance. If Lender required martgage intiurance as a condition of makin�the[aan secured by this . . =
<br /> ' ' '` ~ 5ecurity Instrument,Borrower shall pay the premiums reyuired to maintain the mortga=e insurance ia effect. �f. for any . -
<br /> • •, reason, the mortgage intiurance coverage reyuired by Lender lap,es or crase+ ta bc; in effect� Borrower shal{ pay tha • �,. � �" ��
<br /> � premiums required to�abtain covcrage subtitanlially eyuivalent w the mortgage in�urance previausly in effect, ae a cost •
<br /> ' � , • , � subsis+ntially equivatent to the c<+st to 8orrower oi the mortgage intiurance previousiy in effect,fra:n an altemate mortgage ' ' � -�� �; '. -
<br /> � � insure�approved by Lender. If cubstantialty equivafent mortgage in.curance•rovera,e is not avaitafole.$onower shall pay to . �:•.t•.' '��-.�'
<br /> - ' • Lender each montb a sum eyual tn one-tuclfih��f thc yearly martg��e in.urance premium hein�paid by Borrower wfien the '�`''
<br /> � � insurance caverage fapsed or ceased to be in effect. l.ender will accep�.use and retain the�e paymcntti a�a loss reserve in lieu ' °;=i'•�:�
<br /> ' '�<':- °• � of mortgage inxurancr. Lo�.ti ce+erve payment+may na t�mger he reyuirrd.at the��tis:�af Lender,if mortga:e irisurance � �
<br /> � - � � rnverage(in the nmaunt and for the pericxf that l.ender requirer�pruvided by an imurer appmved by l.ender again becomes -
<br /> � ,. � avAilable and is obtained.Borrawer shall pay thc premiumti rcquircd to maintrin mortga�e intiurnncc m effcct,ar to provide a � '
<br />' • , ' ` loss reservc.until the reyuiremcnt far murtgagc insurancc cndti in acc��rdancc wiih anyµrittcn agreement be�ween Baaawer . � •
<br /> and Lettdcr ar applicabte law, ,
<br /> 9. In.gpection. l.cnder or its�gcnt may m:�kc rcas��n.�blc entrics upcm and ins�;ctions uf thc Praperty. Lcnder shall
<br /> �. � give Borrower notice at the time nf or prinr t��an inrpecli��n ti{xcifying re�.ronable cau.rr for the in.rpertiun.
<br /> • • 10. (;ondemnaUon. Thc pr�xrcd.��f:my a�varJ ur claim fur damagr+,�lirccl��r cun+cqucntial,in conncctiun wi�h any
<br /> , • .' Singic fainily..kannic�1•rci}'rcddle�1ac 1�IF'1)1i�1lV5'1'RI'�1F NI'..L'ndurm Cu�cnant, 9/40 lpuc�.+�,f nPu.Ccc1
<br /> � • Ieea�IiJtn Nu�ar�i'utmt Irc.�
<br /> . " Tn IN�Y•f 1]ill fA(M}.'.,769(4�C.1 f 1 VAX G167!it•1131 .
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