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<br /> � �� petiads ttlM i.e��der taqui�a.`7'he iasur�fo,e cantier p�+oYi�ng tLe�shall be chu�sec�by �
<br /> � � 1 �e-�anmi�Nv wiihbeld...If�ttowu faits to mamt�a�in—cov�cr�a-�e�desccit�ed a6ave.l.ender may.at �
<br /> - in acco��B�F�--
<br /> � �t;ender�s optiorw ohu�i�►covenge to pcotect l.rndtr'8�� to Lead`tc aad s�il include a standard mort�+Se�1aus� 1.endes �
<br /> AU iasuran�e Pol�c�e:s and ane�ats sfplt be acceptable � ve to Lender ait nce'�pts �
<br /> s1�ai1 havc the rig6t to[totd tt�e policies and�enewais. [f i.ender ui�ss.Boauwer shaU pmmp�lY p
<br /> of paid pcemiu�ns and�eaewal notices..In the eveirt af loss.Borrower shaU give prompt notice m the insur.uice carricr and �
<br /> ` i.erder. Letrkr tn�y make psoof af loss if nat made promptlY 6Y Bormwes. '
<br /> � Linless Lcrtdor�d Bm�arolf�awise agtce'in�riting.inwrance procceds Shall be applied co cestaarion or rrpair of
<br /> ` t!�p�opetty damagsd.if the nstoa�tioa'�or cepair is ec�ono�nically feasi'bk and Lcaderr's security is nac tesseno3:shail be
<br /> testantion or repair is uot�caan!icaltY feac�'ble or t.ender's serurity.waild 6e tessccxd.she iasman�ce p►ncoeds � .
<br /> ' appiied to'tfie sums secuted by th�s SecuritY Tnswmeae.�rhetlter or not then due wit6�ny excess paid w Botrower. If
<br /> $o�orv�ab�ndo�u the Pcopecty.ar does a�answer within 30 days a notice fmm Leader that the uisur.u�i�e carrier has
<br /> offeced to setsk�claim,tlxn Lendes may mlket the msurance proceeds. Lender may use the pmceeds ta rcpa'u or�sstoir_
<br /> � th�p�vp�ty af to pay sums secu�ed by this Sxurity.Insuument.wfietber or not dun due. 7he 3a�tay penod sv�'ll 6egil►when
<br /> :� t6e ndtice is given. ` l�cation of to nci shall noc extend ar
<br /> ' Unless Lender�and Barower otlkrwisc agree in writing.any app' �S P'� P� ts. if
<br /> p;sstporte 1he d�x.date of tha manthlY t�l!��cefemed to in Qa�agraphs 1 and 2 or change the amount of the payr�xn � _
<br />:- �p�aph 21 the Property is acquued by Lender.Borrower's right to any insaianc�pvlicie4 and pmcecds sc�fang
<br /> {iom damage w the Prope[ty prior to the acquisiaotf sha11 p�ss to Lend'er w the eatent of the soms secuted by this Security _
<br /> tnsuurnecrt imrtkdiatety prior to the acquisItiort. - •
<br /> f. Oec�piyre�. P�+aeevatlios, Maiatenaace aad Protection ot the PropertY: Borrower's Loan Apptk��tion: _
<br /> - � B��Q�.�pl,.p�����se ih�property as Borrower's-principal residence within sixty days after
<br />- the executioti af this Sawity Inshument an�shaU contittlse to accupy t}te Ptapetry as Borrawer's principat resideace for at
<br />_ �i one year aftet the date of accup�acy. unless I.ender otherwise ag�+ees in writing. which consent shall na be _--
<br /> wutasonably withhelc{;or unless extenuating cir�unutanees eaist wl�ich are beyaod Bormwer's contro}. Bormwer sha11 not =-_--
<br /> - < desuoy.damage or impair tbe Property.aUow the PropeaY[udeteriorrte.or cosua��•aste on the PropertY•�Bocrower'shali -----
<br />. - 6e in default if arry farfeiture actian or proceedin&•whether civil ar criminal.is begsz�c in lxnder's good faith judgment ___
<br /> tauld tesult in forfeiture of the Propercy or otherwise materially impair the 7ien cip'��by this Secunty Instrumem ar �._,.
<br /> ' I,e�der s security interest. Bormwer may cure such a defaait and rieinstate.aS provided in paragraPb 1 B.by causing the acuon _ _
<br />. � �, or proceeding to be fiismissed wiih a niling that.irt E.ender's Sood fadth determinatiun.pz'ecWdes fnrt'ei�ure of the Bormwer s , , __ �_�-
<br /> � intenst in the PropenY ar other materiai impaimient of the liert cmated by this Security Instrument or Lender's seeurity -" 't.•-
<br /> m en
<br />� interest. Borrower shall also be in default if Borrower, during the Ioan application pracess. gave materially false or ,,_
<br /> � inaccurate information or statements to Lender(or fa�'le�to provide Leader with any material information)in connectian with -
<br /> �,� .• the taen evidenced by the Note. inc�uding. but not limited to, ce�resentations conceming Borrower's accupancy of the �_�'?
<br /> � plrop�[ty as a principal residence. If this Sectrrity-lnstntment is on a�sehold.Ee.�ower siwll compty with s+11 the provisinns _=y
<br /> of ttie lease. If$arruwer acquires fee tiQe to the Property,the leasehold and the t�c�l�shall not merge unless t.ender ugrees
<br /> to the merger in writing. � � �; m�
<br /> � p������+y R�(tt.4 in the piruperty. If Borrower fail�c��arm the covenants and agreemenic �,'-�,;_��;_r.
<br /> contained in this 5ecurity Insmimea�.�:.ihere is a lega! pracecding that may si�ifca�nr�:affect Lender's rights in the .�__°
<br /> . ' property(such as a praceed'snS in bar;'n=�tcy.prabate.for wndemnation or forfeitare or to e�`a�r-..e laws or mgularions).thcrt �;
<br /> ._ '�•:s j�:: Lender may tto and pay fui.whatever is necessary�a�sotect the eQlue af the PropeRy and i.errder's rights in the Praperty ��--�--��
<br /> -�•: Lenderc actions may i^���e paying any sums seec��:5y a iien which bas priority wcr this Security lnstrumeaG a�spearing ����%' �
<br /> in courl.paying reasana'a3e attomeys'fees and ent,�.g on the Property to make repain.Althaugh L.ender may take actian "-���;'' -
<br /> � ' under tlFis�.:sagraph 7.l.endcr doec no;bave to do so. � '="� _
<br /> -3='-'�?.
<br /> s' Anv��aun�S disbuned by i.ender undec tbic paragrapb 7 s[rall become additional debt of Borrower secuced by this '�=;=.:;.. '
<br /> �� Securiry fisuumenG Unless Borcowcr and Lendcr a�;ree ta ather tc:*-�S of payment.these amountc shall bear interest from the rr.��,:';�
<br />� '� date af disbursement a�c;z�Nate rate and shall be payable,with intercst,upon r�otice from I.ender to Rc�rrowcr requesting _. �-.�.'�y�-
<br /> � •,.F�s=._
<br />' • : .Paymen� ' �+' -
<br /> � , S. Mortgage Insurance. If Lendcr required mongage insurance as a a�:�::ion af making the laan secured by this `�' • °_
<br /> � �. �� Security Iactrumem. Borrower shall pay the premiums reyui�ed to cnaintain the nongage insurance in effect. If,for any =_.�_•_� -
<br />;.,: ' . � �t�. ',
<br /> : _ �•„ reason. the mortgage insurance coc�rage rcyuired by l.ender lapses or ce�se� to be in ef��ct. Horrower shall pay the .-i„,,,�� .__
<br /> " premiumy mquired ta obtain caverage �ubstanfially eyuivatent to the martgage insurance�!'=iiausly in effec�. at a cast �:.�-._..� '
<br /> . '�!f. substantiaily eyuivulent t�the cast to 8orrower af z'�:moAgage in+urance pie�Te-.:.,ly in effect.fram an altemate mongage •�-t,.:=+�s�•.
<br /> � insurer appraved by Le-��7. If substnntially eyuica::�t mungage in�urance co�c�re i�nnt available.8orrower shall pay to ' ;�'~'����:_,
<br /> ':.•.: " �
<br /> � Lender cach month a s�;m equal to onc-twetith of t:::yrarly ma»gage imuranc�premium hcing paid by Bor�ez�ver whea the � •'�`�' �_-
<br /> d
<br /> +=��
<br /> � insurance coverage lApsed or ceahed to tx:in etfect. Lender will accept.usr und retain the+o p:iyments as a tos�reserve in licu : ,�,.
<br /> Qf mortgage insur:�ncc. Loss re.ervc{r•►ymenty may no Ionger be reyuireA.at ihc up�ian of I.cndcr. if mongage inturaR� _��:
<br /> - y covera�e(in the amauat and for ihe pentyd�hat L.cnder reyuirc�)procided by:in imurer approved My Lcnder ag�in.bewme. < ,
<br /> � �= av:�ilabte and is obwin�cE.Horrower+hall pay�hc ptemiuni�reyuired ta ma'smain nronguge intiurmcc in cffcr�,or ur provide a .
<br /> ,,;::,:`7�':� " loss reserve,unli)thc re.;isirement for mvrlgagc in�urancc cnds in accordancc�vith any arittcn agreement Ixt+vccn&,rrower '�;.,i� ' �
<br /> .. �»'• , �+ . . and Lendcr or upplicable law. • �}�'7�;� �,
<br /> ._ 9. InspeMion. l.cndcr or itti a^ent may makc rrawnabir cntricti up�,n and in��cctium ut�hc Praprrly. I.rnder�hall
<br /> �'�,: '�:�:, give Borrawer notice at the time of or prinr to an in�pectinn��xcif'ying reatiimabic c.�u�e tor the in+�xction. � � . ; ;
<br />. .rq�. Id Condemnation. The rocecdv of�m �ward u�clam�fcir duma�c�,direc�or con.eu��ntial.in cunnectim�wilh an}
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