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<br /> .. ; rppturat rfiich siWt aot be w�a�a��y widi6eld. If Hamm�er f�ils to m�intsie ooveraje descdbed a6ove,teader�y.�at
<br /> Lendec's optan.a6tain eove�w pro[ect l.eadet's rig6ts in the Ao�erty in acootdx�e wit�p�ragiaph�: `
<br /> IUI inwrarce`polieies�and ienev►�als s.'b!!6t acre�aNe to Lendet aad st�all iactude a staridani matg�e ctause. Leflder
<br /> stiU t�ve th�riallt to hoi�the poticies�d imewafs.`[f I�eeder tequiRS.Bamwer shatl P�P�Y S�ve ta Let�der a1i re�eipis
<br /> of p�iti piemiwns and�a�ewai riodces. In t6e evenr of toss.Barmwer shalt give promgt ootice ta the i�sur�ncs curier a�nd
<br /> - - — � t.asder Leider may m�ie ptvof of lass if aot made P�PaY 6Y��NrGr. `
<br /> !Jnle�Leader ud Boma+ver uti�ise agioe in sYritiag,inwrar�ce pro.eaedc sh�ll 6e applied.to resta�atian oc xp�of
<br /> tt�e Ptoperty d�maged,if the,testoration or reQair is ecanomicapy feuibk and l.ender's security is nat lessened. IF thc ,
<br /> testuradat or tepaic is ttot ecatamically feacibk or f.endet3 sawiry woutd Bt kssenod.tl�e insurance poceeds shall be '
<br /> appiieci'to the siuns seeuad 6y this Securitx L�.strument�wlkther o�r twt then due.with aciy e�tcess paid to B�mwes If.
<br /> Ba�wa ab�odonc tbe Ptope�ty.ar daes not ansarer wiihin 30 days a�paice from l�ender thu the insura�ce carr+er hac
<br /> a�ieted to sedle s ctaim.thrn Lender may edkct the ias�uance procads. l.ender may nse ti�e procoeds to�►ir a cestocm
<br /> • the Frope�ty ar to pay s�unc socured by t6is Sectuity Tm�ument.wMhet or aot tbm due. Ti�e 34day periad wili begin.wben -
<br /> the naticaps given. • . ' �
<br /> - Unksa Irenda�d Baaower otl�wise agox a writing,any apptication of procads to principai shal!not eztend or
<br /> -_ . postpone the due d�te of the moothly paymentc Kfemed to in p�ra�grapt�s!and 2 or change the amount of the payments..ff -
<br /> _ � .under paragr�ph 21 the Piioperty is acqui�ed lry Lender.Barrowess riglu to any in-wr�nce policies and pcorecds cesulting
<br />-- - fmm dart�ge m tde Property priar to the�cquis�uon shall pass w Lender to thc eaunt of tbe sums stcumd by this Socurity
<br />- U�samrKrtt irtunediaoety prior to the aequisition. -
<br />-- f. Il�n�a�cR Pteserr'atja0. Mai�hi�s�ee aod Pratectioe ot tre PM+opert�; Borro9ver's I.a�s Applkat�ow:
<br />- - l:s�iotd�. Bo�mwer sts�lt occupy,establis4 aad use the Ptoperty as Bortawer's prircip�l tesiderke within sucy days afrer
<br />- tl�e executiari of this Socuriry/nstnuneac aad shall continue to acca�py the Ptopetty as Borruwer's priacipal irsideace far at
<br />-- kut ane year after the d�e of occupat�cy. unkss Lender attreiwise ag�oes as rvtitin8, which cunsent shatl�not be
<br /> u�bn�61y witN�eid.or unlass astrnuuing c�taanstances exist wlrich a�e beyaod&xmwer's contral. Borrnwer shall not `
<br /> des�oy.damage or impair.the Ptnperty.allow the Property to deteriorate.or conuait waste un the Property. Bocrower shall v
<br /> be in defaulE if airy forfeitu�e action ar pcoeeeding.whettKr civil or criminal.is begun th�t in l:e�rder'.s good faith judgment —
<br /> =- . could ttsult in forfeitur�e of rI� Ptoperty or aherwise materially impair the lien created by this Secunty Instrumen[or � -
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<br /> � 1.enAer's secarity intensf. Bonower may cure such a default and reinstate.as provided iri paragraph 18.by causing thc action �---�-
<br /> : ` ot Proceedin8 w 6e dismissed with a mling thac.in I.ender's gaod faith determinadun.Pnectades forfeitur�e of the Borrawer's �-�:�_-,
<br /> ;,sf= intet�est in tbe Ptoperty or otber material impaimient of the lien created by this Securiry instrument or Lenderk security -:''•;�;_�
<br /> i n t e c e s t. B a m w e r s h a]! a i s o be i n d e f a 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 at i o n p r o c e s.s. gave atateriall y faLse ot `�'���_"—
<br /> - inaccutate infom�ation or statements to i:ender(oc failed to proride[.enda with any material iafarmaaon)in conneet�ot�with ���-
<br /> � ttse loan evidenced by,tGe Nate. including,but nat fimited to. rep'msentaaons ccxueming Barrower's occupancy of the ,. ;;_��__�
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<br /> ' Property as a priaeipal residence. If t6ls Security lnsbument is on a kasehold.8orrower shall compty with aft the provisions :'`�.:a, :-
<br /> of the tease. If&xmwer acquues fce tiQe to the Property.the teasehoW and thc fee title shall not merge untess I.ender agrees :�Y�•��
<br /> to tbe me[ger ut writing. ' --- .
<br /> 7. Protection ot I.ender's Ri�bts in the Property. 1f Borrower fails to perform the covenants and agroements ' ,�:'
<br /> "`" contained in this Security Itutrument,or there is a tegal proceeding that may significantly affect l,endtr's rights in the - , ;,,:�
<br /> � � � `� Ptuperty(such as a proceeding in bankruptFy.probate.far ce�demnation or forfeiture or to enforce taws or regulations).tben ';=�
<br /> � '� '- I.ender ma do and fos afiatever ia neces. to ect the value of the Pro and Lenderk ri ts in the
<br /> .. � . Y PaY �Y P� P�Y 8h ProPert3'• . ;_ �';r;:,-
<br /> I,enderk action�s may inctude paying any sums secureA by a lien whicb has prioriry over this Secnrhy InsUUment,appesuing : •;
<br /> in court,paying reasonable attomeys'fees and entering on the Property to make repaiis.Although Lender may take action �i
<br /> ° uader this paragraph 7.LenQer does not have to da so. ' " _��
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<br /> Any amounts disbursed by Lender under this paragraph 7 Fhall become additional debt of Borrower secured by this ,,��;_
<br /> � Security Instrument. LJnless Sarrower and l.ender agree ta athher tenns af payment.these amounxc stial!bear inter�est fram the .. . ;r .-_
<br /> date of disbursement at the Note rate�nd sha116e payable.witfi interest.upoq notice from Lender to Borrower reqaesting � -
<br /> ' " payment. . ?...-�_
<br /> ' �'E� 8. Mort�tse Insoranta If Lender required martgage insurance as a rnndition of making the Joan�;ecured by this .�_-__
<br /> f ,-- Security Instrument,Baaower shall pay the premiums Teqaired to maintain the mortgage insurance in effect, If,for any -�-
<br /> . - rpson, the mortgage insurartce wverage requi�d by Lnnder lapses or ceases to be in effect, Borrower shall pay the � �:�==
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<br /> , a ��� � pretniums tequired ta obtain coven►ge substant�ally equivalent to the mnRgage insurance previously in effect.at a cost '. � �'�'"""
<br /> ':� substuntially equ'svalent to the cost to Borc�owe:of the mortgage insurance previausly in effect.fram an altemate mortgage • , -
<br /> � '•.�, insurer npprovedby Lender. If substantialiy equivalene mongage insurance coveroge is not availa6le,8orrawer shaU pay to _ __�._
<br /> �::t° Le�der each n�as:.'��sum equal to one-twelfth af the yearly mortgagc insurance premium bcing paid by Barrower when the ' �M
<br /> n r`' insurance caverage la p s e d or ceas e d to b e in eifecG Lender will accep4 use and retaia these paymenu at a loss reserve in lieu _
<br /> • " oP mort e insuranre. Los.r reservr ments ma no lan er be r uired,s�t the o tion of l.ender. if rhort a c insutance ��--
<br /> r. fia8 PaY Y 8 �I P 8 8 � , �:��;
<br /> • `� coverase(in the amount and for the pedod t6at Lender requires)provlded by an in�urer appraved by Lender again becomes ��,M�
<br /> ,,�` ' available and�sobtained.Haaower shall pay thc premiums rcyuircd to maintaln morlgage msur�nce in effec�.or to provide a �'' .' •-•"
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<br /> ' •�' ' loss reserve.�nti1 tfle reyuirement for mortgage insur�nce ends in accor�zace with any written agree�:nt between Borrower '• �
<br /> - ��'s` �• and Lender or applicable Inw. � � . ;'��.
<br /> . ' '�'k` �.,�%.,:� ,.�-� 9 lnspection. Lcnder or its agent may make reasonable entrics upon and inspections of thc(�toperty. Lender shaA s. � . • .
<br /> � . �•''°� gi��e Borrower notice at the time of or pdor to an inspection 4pecifying reasvnabte cause far the inspection. • .� •
<br /> t 10. Condemnafion. 'fhe procecds af any awar�4 ar ciaim fnr<lamage.r.dircct ur conseyucntial,in wnnectian with any � • .
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