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<br /> ` . '`peria�dp�L�der zeqaira. 71�inw�sc�c raRie�pmvidie8 the ins�aan�r shall be clwsea by Bomawer�ubject ta LeMer's � .
<br /> `.' r` , app�ord which�1!not be�Y withheid. If B��mwer f�its tQ rtwiraain caver�gr descri6cd abova.Lender may.at .
<br /> - - - � ri81+�in the�ro�ty,in acrocdance vrit[��wragr.�h 7.
<br /> - -�-- - — o _- _ -._ � . ._ --
<br /> - - Al{insur�nce policIes and�ts sh�l —` P�� ve tn ls�es at!nect
<br /> si�ti Have tAe ri�c w I�ola ux pa;cies ana Knevvals. Lender reyuires:sanow�er�ti,�ll !y gi � .
<br /> � • 2it paid p�apiums aad cenewal notices..In tAe eveat of toss.Basower shall give prixnpt raticc to the insw�nce carricr and .
<br /> ' i,ender. l�ender may make proof of lo§s if�ot madc p�omPt1Y bY Bo�o�u �
<br /> - Uidess t,endeF anc!9omawa othemise ag�ee in writing,iasmaore proceeds sh�li be�pptied to restoration or zep�ir of
<br /> � � dx�topaty datn�ged if�the[estontion ar apair is ecas�om�cally fc�sible and l.e�der's recurity is not lessencd. tf tht
<br /> � . �a�dn a tepair it aot eca�omxalty feasibk or l.e�der's`security wroutd be iessened.the insura�pCOCtedt shatl 6e
<br /> . �ptied to�sums sec�u�ed by this Sect�rity tastnuner�t.wi�ether or not then due.witt�any ixcess pvd to Bartowec If
<br /> Barrower abwtda�s the Ptope�ty.or does not answer within 30 days a nocice fmm L.endec thac the insur•uue carrier i�as
<br /> offe�ed to settFe a clairn.ttrn Lender may co1k�the insuru�oe procads- L.ender may use d�e proceeds to tspair or tesu�ne
<br /> the Fioperty or eo psy sums seca�ed by tius Secvriry Ins�umeat,wl�ether or na�hen dne. T6e 3�day penad will begPn when .
<br /> tbe aoticx is givrn.
<br /> lJnkss L.ender and Bamwer othawise agcee in rvriting,any appl'�caaon of procescfs co principal shail not extead ur
<br /> � postpone tt�e due date of the month[y paymmts cefecied�. in paragiapits 1 and 2 ar�hange tIx amount of thc paymenu. If ,
<br /> = uader�ragaph 21 We Prope�ty is acquired by Lender.Sorrower's rig6t fo any insur�nce poticies ar�d pcoceeds resulting
<br /> - from damage to tGe Pnnpe�ty pnar to the acquisi[ion shall pas.c to Lender to ttK eaterte of the sums secuned 6y tius S�rity ,
<br /> --_ � Tnstronx�nt im��diately prior to the acquisition. -
<br /> � 6. Occup�sc9. Pr�esvstios+ Maiota�oce a� Ysotection ot!he Property: Barro�rer's I.u�s Appliation:
<br />-= _ ,�T'; Lp�6oids. Borruwer shall accupy.estabtish,and use ti�e Ptvperty as Borrower's pnncipal residence witLin sixty'days-after
<br /> ' tha executian of this Security lastr�ment and st�all contiaue tti occupy the Pin�ertY as Bortower's pr�ncip�i tesidence for a: . ,
<br /> =r la�st one year after.tGe date of oCcuFan.'Y•.unless Lender athawise agrees in wriring, which oauent s1�alt na be
<br /> =-- u�asonably withhcld a�ess e�tenuating circumuances exist wlucb ar�beyiand Bo�nweds control. Bo�roB��
<br /> . -�' ' dest�►y,damage or imptir the P�»perry.altow the Ptopereg co�eteriorate.or commit waste on the�P�Y-
<br /> -- be�de�ault if any forfeitu�e aaion or proceed'sng,wl�'civil or criminab�i�Sna that in Lender's good faith judgma�t -
<br /> cauld result in fafeiture of tFce Pruperty or otherwisr:mi�erialty impair the lien created by this Security InsAVment or
<br /> : l.eader:s security intenest Borrower may cure such a de�`it and reinstate,as provic�ed in paragraph 18,by causiag the xtion
<br /> . � or ptoceeding to be dismissed with a ruling tlta�in 1-.ender's gdad faith detetmirttuiort.preclucles forfeiture of�he Borrower�s _ .
<br />- " interest in the Ptoperty or other material impairment of the lien created by�his Security Instrument or I.ender's security
<br />- interest, Botrower shalt also be in defautt if Horioaer.during the toan application process, gave materially false or
<br /> � inaccurate informatioe or statements to Lender(or failed to pmvide Lertder with any material�nformation)in connectioaf the
<br /> the Ioan evidenced by the Note, inciudi�r:.hut not Gmited to,representations corscera�n Borsnwer's occupancy
<br /> Property as a principal tesidertce. .If this�c.-ity Instrument i�s on a tea5ehold.Borrowes sfi.111 compty with all the provisiotts
<br /> � of tlte lease. If Bcrrmwer acquires fee tit£e ui�+te Property,the leasehald and thc fee title d�all not merge unless�..ender agrees
<br /> ' to the merger i:i wsiting. • ' ` •
<br /> ' � protectipn n�1.�ea�s Rights in the Property.•If Borrower faits to perform Ihe cavenamts and agreemertts -
<br /> . ' _�i ' cantained in this Securiry�r,.�uinent.ar there is a Te��1 praceeding that may sign�cantty affect Lender's rights in the
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<br /> �.� : _ property(such as�praceed'mg in 6ankruptcy.proba[e,fc�c coademnation or forfeiture o�to enfarce laws ar regulations).then
<br /> ',�.!,;,.;;:.. Lender may do and pay for whatever i+ necessary to protect the value of the Property and Lender's rights in the Property.
<br /> ,;,,;,,,�,; - L e nderc actions ma y include pa yin g any tums secured by a lien whicb has priority aver this Securlty�nstrument,appearing
<br /> . .;;•�::•,•- , in couA.paying rea5onable attomeyti feec and entering on the PrapeRy to make npairs.Although t.ender may take actian
<br /> t. ` under this p�ragraph 7.l.ender does nat have to do sa. —
<br /> �' Any amounts disbursed t��t.ender under this paragraph 7 sha11 hecame additional debt of Borrower secured by this
<br /> �' �• Security Instrumen� Unless�crrower and I.ende�agree to other tcrms af payme�t.these amounts shall bear intere�t from the
<br /> , date af disbunement at the hc:e rate and shaQ bc payuble.witb interetit.upon noticr fcom Lender to Eorrower reyuesting
<br /> , - paymen� � —_
<br /> • � S. Morfgage Insuranee, If l.ender cequired mortgage insurance as a condi[io�of making the loaa tiecured by�his —
<br /> � 5ecurity Inslrumen�Barro�ce�shalt pay the premiumti required to maintain the martgage insurance in effecl. (f.far any E`_.
<br /> .' i:; rza�on. the martgage insuran� covrrage required by l.ender lap.rrti or cea�ec m be in effec� Borrower shall pay the - __
<br /> � premiums re.c{uired to obtain cavernge �ubstantially equiv:�tem U>�he mnrtgage in�urance preaiously in effec4 at a cost
<br /> �;'���,. _ substantially cqui�alcnt to the rnst to Bormwcr uf thc mortgage in�urancc prcviously in effect. fram an altemate mangage
<br /> , , ;� � insurer:�pproved by l.ender. If substanlially cyuivatcnt martgagc imurancc coveragc ir nat avuilabtc.Bnrrower shall pay ta _ _
<br /> Lender each month a sum cyuai to onc-twctith of the ycady marlgage intiurance premium t+eing paicl by Barrower when thc =_'
<br /> insuranre covcragt tap�ed or ceascd to be in effect. l.cnder�vill acccpt.utic und retain thrtic payments as a lo�s rc�erve in lieu '�,�=
<br /> ` - oF inartgage insurance. Lcri>recerve payments may na I��uge�t+�reyuireJ.a�the uptian ai l,ender.if mnrtgage insun.u�ee
<br /> • ' covernge(in the amount an�for the pencxi that l.sndcr rcquireti�pmvided hy•rn in�urer appra�•cA by Lendcr again becnmec
<br /> avnilablc�nd i�abtain:d.8orrc�wet�hal}�a��hc prcmium�rcquircd tcr m;i�m:�in mungagc in�ur.ince in clfccl,or to prnvide a
<br /> ,;,�a � toss reserve.uncil the reNuirement for mor�:.�e in�urance endr in s�cc�tird•�nre wiih any writtcn a�p;n�menl hrtween Borrower �
<br /> � ' �'i:- ' : and Lender ar applicable law.
<br /> 9. InspecHon. l,cndcr ar itti ugent nta}• m.�kc rr,G.anable cntric�upan and inti�xcliom uf'thc Pir<�perly. l.�nder�hall
<br /> _ ,-�"�'t"'�,� give Horcowcr noticc at thc timc of or pric�r ta:sn impcctiou��xcifying rea�anabtc c;n�.c f'or�hc in.�x;ction.
<br /> . A t0. Condeinnatinn. 'I'hr pax�cd�nf am.�ward�,r claim fur danr.�gr..dir�et ur contic��acnfiu{.Ii{CPrit1Ck!lp11�KIlIl:say �:
<br /> , �;•�� • � Sin�Icl.�mily..Fenniv�faNFrrddlr\tac4�ffOlitll\S'IHl�1E�'1'..lndnnuC��.cn.mt, 9,90 �pd4e.+�/�•/a�.�'�� �
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