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<br /> , • �. _ cla�n 6 • e .
<br /> ` ` ` ,peswds thae L�ender tsqui�es. 7be inw�aace cartier p[oviding tae insuraaoe sh�ll be
<br /> . _ � • •�!a�-+_��-�rith6eW. I�Haao�recf�il�to maintain eov _de ccibed abov�c.L�rnde�r may:at
<br /> - .T--- - ---- .. _ "' .�_ -
<br /> ` '��optiai.oblain covenge to p�otecK L�oder�r�ghts in �ty tn�cc�nce -�- - — — -- -- -
<br /> --= p11 iacu�pokctes and renewats shall be acceNable to l.ender and shall inctude a standatd mortBa$e clause. Lsnder .
<br /> shall have the rigM to hold the policies and Rneaatt. If Les�der�equires,Boimwer sl�all ptompd9 givt to Lender all rrccipts
<br /> ` of psit!ptemiu�ns and renewal mtices. [n the evrnt of tass,Botrnwer shall give pcompt aotice ro t6e insuraacc carrier and
<br /> I.ender. l.eides may malce proaf of toss if ant made t�P�Y bY B°�p1"�
<br /> Uakss l.sades and Bonnwer othuwise agroe in writing,insurance Proceeds shall be applied to zestoration or e+epair of .
<br /> the PmpertY damaP,ed.if the�estoratian or iepav�s ecoaomicaily feasible aad.i.ender's secariry is nat iessene�L tf thc
<br /> _ teuoratioo�uc tepair,is aot economically feasi6le or L.eiider's se�uriry wontd be lessened.tJ�e iasurance tPco�s�11�If
<br /> � applied m tlic sums seamd hy this Secun�Y inson�ment,whethec or naE theit due, with any exce�s Rai
<br /> Barowu ai��donc the Ptape;ty.os does not answer within 30 days a notice from Lender tl�t the insurance cacries has
<br />�- offerod to settie a ctaun,tl�en Leader may caIIect tha uuur.NCe proceeds. I.ender may use the p�oceeds to rePa'u ar testar
<br />-" tbe pmperty ot to pay suras sectat�!6Y dus SeCUri�Y Insiru°�eat,whett�er�not tt�►dne. T[x 30day periad will begin when
<br />;_. .
<br />- thenoticeisgivea . . . ,., � �
<br />=- Unkss Len�`.aad�ic���:cstherv�ise agree,in ariting..2�y�"��aa oE proce�r7s:�:darinciPal sp�all not ex��
<br /> f�CflBd t�7I1 .S L 2iI(�Z bF C.�13T1aC`�1�8�+Of lj1C�d�I�Ga. - '.
<br /> t�IC dllC�il�t�C€Cx�i 1YL��J�.}'�S �� .�.._
<br /> -- � � -S �p �:�xider.Borrower�s Tight tss a�a�r i�s�..�e��i1i�-'t,��s.au�praceeds�xest:�'Fi�
<br /> - igh s
<br /> - - . � under{�ara�ra�bt 2t:�"ie� �.,'1•: .
<br /> _ • {iom�to�.�re 4kuperty i�aru�tbe"acqs:�ir�on sbaU pass to I.ender tn t6e exrent a€�n�`�s se�curec��y tFgs 5ecuatY
<br /> ��. � Iastrumea�t�aF..:�ty privr to t�e acquis+uon. ° y.� - -
<br /> . .
<br />:s=�?• 6. p�qu�cy, Preservatia�,-1�faTniM�et an�-f'rotection-oi-the Pra�scrts: Borraares's L�c �lgp�tadoc��. -- -- - �. .
<br /> ..:r:r_
<br />�^�:�.�: Leasebotds. Bomuwec shaU accupY.establisb.aad use the Pm��erly as Bomower's princ�pal residence within sixty days after _ —
<br />:%i'' the exscution of dus Sceurity Iasmiment and shall continue ta occupp the Pcoperty ac Bomnwet's priacipa!cesidence for at
<br /> kan a�e yeas after the dat4 of accupancy.,unless Lender othe�wise aSrees in wciting. which consent shall not be -- -
<br /> • anr�easonably wiEhluld.or unless eatenuating circumstances exist which are bcyund Borrowe�:contral. Borrower shalt iat
<br />-- destroy.dapna8e or impair the Prupeny Barmwer stiall
<br /> allow tGe PmpeRy to deteriarate.or comm�t waste on the Pn�perty�. fnith' nt ���
<br /> be in defaWt i€a�ry farfe�tnre action or prareedin&,w1�t�r civ7 c►r criminat.�ti be�un that�n I.cndcr g 1�
<br /> ..�, � coul�nsult in farfeiture of thc PropeRy or atherwise materia!!y i�opair the lien creuted hy thiti Security tnstrument ot ��v
<br /> �� r'� t.ender's security interest. Borrower may cure bucb�defautt and reinstate.ay pr�wided in p:uabr�ph IS.by causing the s�clton
<br /> ����=�
<br /> --�' :� � , ar pcocee�ng to be dismissed wIth a mling that.irt�ry g�ud fahh detecmi�i°n.P�etud�farfeitprc of the Be►rcawerb .
<br /> �.� interest in the Roperty or other matcrial impaimicnt af th�lien crcated by this Security Intitcumem ar l.cndery se��rity �;��:�-
<br /> � imeresy. Borrowe� rhail afsa be in deiuutt if Bo�rowcr. during �he loan upplicaticx� pmce+�, guve materialty false or '�..-. `�
<br /> ;,�:� „��:,, �'� inaccurate infom�ation or statements tv[xnder(ar faited to provide Lender with any m�tenal�nfarmation)ia raanecuon with ;.,�_�,��
<br /> , " .-�.�:;.�:�`• ' the lpan �v{denced by thc Note. ineluding. but na� limited to, representatioag conceming Barrowe�'s occupancy af the � �_��:_�
<br /> -''�`•. Pmperty as a principa!residence. if tfiis Secunty tostrument is on a teasehotd,Borrower shall comply with aU the provisians .�'r:•_---
<br /> � �� . of the tease. If$orrower sucquires fec title to the Property.the fcasehatd and the fee title shall noc merge unlcss l.ender agrees �;�;
<br /> _ ;.?�• :. 9 -
<br /> .. � �4a� to the merger in writing. � • �r''.-�
<br /> .•• �� ;�-
<br /> '�-� 7. protection ot Lender s Rights in the Property. If Borrower fails to perform the covenant�:and ageements �, }
<br /> ct
<br /> ���_..�,`.,..' _ _�'�.
<br /> . ?-`��,,. .�_i . tcmtained in this Security InstnsmenE.or there is a legal proceeding that may sign�candy affect 1.ender's nghts in tl�e
<br /> �• ='�_��'�•_:�Y�: property(such as a praceeding in bank,vptcy.prabate.far condemnation or forfeyture or to enforce laws or regulations).then
<br /> ..�:::�:-:.., . y„' 't,� .,.--_�..
<br /> • , i.ender may da and pay for whatever is necessary to protect the valae of the Property and Lender�rights m the Praperty.
<br /> �:� A�;:�,,;.:' �- � I.ender's action5 may include paying any sums secured by u lien which has priariry aver this Securiry Instrument,appearing . _
<br /> - . ' °:�` ' in court.paying reasonable attomey.s fees and cnterin�on the Property to make repairs.Althaugh l.ender may take action :,�,. ;:
<br /> ~ � under this paragraph 7.l.ender does nat have to da so. . . "�"%�'
<br /> , •.,:•:: •., ,._ _
<br />:•� ', j;�;`�i.�'�,'.� , Any amounu disbursed by I.ender under this paragraph 7 shaA beCome additiona!debt oi Borrower secured by this . . ._,.'_
<br /> . � �.�'•�� �:• Securiry Instrument. Unless Bocrower and Lender agree to otAer terms af payment,these amounGs shall bcar interest fram the i'';.: � n£.
<br /> ` 1''�-' date of disbunement at the Note rate and tihall be payable,with%�teres�upan notice from Lender to Borrower reqaesting E ,
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<br /> r:;'�;:'-�:��,�:``-:'!� a ea� f. . `. .:,� �
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<br /> ,;_-.��:_,•.. , . 8. Mortg,Age Insurance. lf Lender required mortgag�intiurunce ac a condidan af making the loan secvred h3s this �,;.;:.�.,,,, �T�.<�
<br /> . '`''r'. . 5e��uaty lnstrument. Bonower shail.pay the premiums required ta maintain the mortgage insurance in effect. If.fos any
<br /> �`' � reason..the mortguge iasurance caverage requ�red by Lender lap�es ar cea�;es ta be in effece. Barrawer ShaU pay the ~ � ',
<br /> `a.:�``� . .
<br />�� "•�;s:�.-; ,� . . i p r e m i u m s r e yuircd to abtain covera ge substantially eqaivalent to the mortgage iasarance pce++iousiy in effect,at a cost . .�.`
<br /> ' '"�''� :`<•:n` � substantially equivalent to the cast ca Horrower af the mortgage insurmce previously in effect.fram an altemate morfgage ... . i �¢
<br /> ;: , .,}c�, ,;. �: ;
<br /> � �..,. �' insurer approved by Lender. lf snb�tantially eyuivalent martgage insurance coverage is not available.Horrower sh�ll pay to j, ,
<br /> �:,;�
<br />� ��.�' �s;;;+,.�'.. . Lender each month a sum equai ta one-twelfih af the yearly martgage insurancc premium being paid by Baaawer when the r
<br />" - ".c:� . t�+:`�"�';. insurance wverage lapsed or ceased ta be in effect. Lender wiU accept.u�e:ind rctain these payments as A loss reserve in lieu ,. '��
<br /> ',. .; --�
<br /> .. �. ;
<br /> : . " � ,':��.;'2 ' , '' of mortgage insuraace. Las�reserve payments m:►y no tanger be requirect.at�he option of Lender.if monsage insurance , .�r-- '_
<br /> :�;��;'� :.;:;'r-.i.`` ''� � covcrage(in the amount and for the period that l.endcr requires)provided tsy an insurer approved by ixnder again becomes .
<br /> .��:,;� � avaitable:uid is obtained.Borrower shap pay the premiums reyuir�d to maintaim m�nga_e mtiurance�n effect.or ta provide a . .
<br /> � • -';'�r.-"�..�.�;:�;�' � ' toss reserve.until the requiremene fot martgAge insurancc�rtd•in accardance with any wriiten agreement beiween Sossower , ; .
<br /> ,i • - �..�,`''��,�''„ and Lender ar applicable iaw. �
<br /> . .,:.
<br /> .�` 9. Inspecllon. Lcndcr or it.r agent may makc rca«mabtc entrics upun unJ in�pection�of the Praperty. L.ender shall � � ,.
<br /> ..,:.. � �
<br /> � � give Bnnower notice ut the time of or priar ta an inspectinn specifying rea�onable cuuse far the inspectian.
<br /> a••�• ' 10. Condemnatbn. The proceedw��i�ny uward ar claim f�ir ctamagez,direct or con�cyuentiat,in rc►naectinn with any ,
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