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<br /> - periods�hot L.ender re��uires. Tha insumnce cnrtler providing thc inr:urancc xhull Ix chu`en hy IioRUwrr�uhjeci tu l.cnderk ,,.�ht��,:._
<br /> =_— approval which shnll not be unreasonably wlthheld. !f Barrawe�fuil,io mointufn c�►veruge de+crihed uM►ve.l.ende�may,at �,�-�,��`�;��:
<br /> �'--- -�_�b�� l.enders option,obtain coveruge to praect Lender i�dghts in the ProFxAy i�accorJunrc wi�h puraRraph 7. ���a«,«_.
<br /> 4 °'�.� All insurance policies and renewals shall be ncceptuble to Lender oiuf xhull incluck u.�anJard m�xtgugc clau�:. Lender ��,R _
<br /> ':����^ shall have the right to hold Ihe policies and renewuls. It l.ender rcyuirex.Hnrtowcr nhull�n�mpUy givc�u t.cu�kr oll rccciptc v.,,_:;
<br /> •'�. . .:t�:�°.t;�.�• � of paid premiums and nenewal notices. !n the evcnt of log�, Q��rrowcr Khall givc prompi n��ticr tu�hc inwrWke curtfrr und
<br /> � -- • �� Lender. Lender may make proof of loss if not made promptly by Barrawcr. ���i'=:.
<br /> --�.'Yt�'���'F'y Unless Lender und Borrower otherwise ugtee in wriling,insurunce procced�:nhnll he upplicd to rextorulion or reps�ir of �
<br /> =- ���_'�;.�;�:� thc Properly damaged. if the restoratlon ar repuir ix economicully feanible uuJ L�ndcr�. Mcurily i� �u�1 Icti.cncd. !f thc �,';;_•s;:�;,.-,:
<br /> — ••��-�---• -:� . restoration or rep�ir is not economieally fen.4ible or lxnder�securlty w�wld be lexxened, thr in+urunce pr�xeed� +h•rll be _:�,-
<br /> �=x�x :: npplied to the sums secured by �his Security Instrument,whelher or n�H �hen due, wi�h uny ezre�x puid to Borruwrr. If
<br /> }����,�o�r �r:. ; Borrower abandons the PropeRy, or daes not an�+wer within 3U dnys a notice fmm L.ender thut tln in+uruncc rurrier hae �•�'�
<br /> ,:.:;f.,:;'���„��,_.; offered ta settle a claim,then Lender mny collect the insurunce pracecds. Lender muy uxc�he pr�xcedx to repair or rewore �..;___
<br /> '• ,�� �'=��s�;;;.'°';::�Y'{ ;. the Praperty or ta pay sums secured by Ihix Security Inxtrument,whether or not then due. The 31►•day�x:riad will hegin whcn =�•
<br /> `.;;" �"�,;`.`��,�'l��`�`��';�ri the notke ia given. --
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<br /> _ -4;_,Y ,��,;��.:-.�t�;. Unless Lender und Banower o�herwisc Agree in wriiing,nny upplirution of procecd�tu prinripul �hull not cxtend or �r__.
<br />���-- - t �- -- postpone thc dus dnte oi Ihe mon�hly payments referred to in purugraphs I und 2 or changc�he umnunt��f thc puymentw. If _
<br /> • ' . :d�'°.` , under pnrugraph 21 the Property is acquired by Lender, Barrawer's nght ta any inr:umnce pc�licies und pnxeeJti rexulting ��:
<br /> ` � from damAge to the Propeny prior to the acquisition shull paxs to Lender to the extem uf the xums�+ecured hy Ihi�:Securily ��_�
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<br /> -'"— ��• � Instnrment immediately prior to the ucquisition. _-
<br /> - _ �,,,�;.,.;..�,°.;�,� 6. Qccupancy, PreservaUoo, MAlntenance and Protectba oP Ihe Property; Borrnwe�'x Loan Appllcatbn;
<br /> ' I,easelalds. Horrower ahall occupy,ests+blf.h,and use the Propeny ua Born►wer�principul residc�u:c wi�hin+ix�y days aFtcr
<br /> _: �.-' ,- - the execution of this Security Instrumrnt und shnll rnntinue to accupy the I'ropeny ux Banawer�prfncipul residence for ut _
<br />���." :.�� leart one yeur after the date af occupancy, unless Lender othenvise ugreeti in writing, which consent shull not be __
<br /> ' ;:) unrea�onably withheld.or unless extenuating circumstnnces exitit which ure beyand Bormw�r's ccxurol. Barrower shull nat .Q.�
<br /> '� � , .� , ' t� destroy,damage or impair the Property, allow the Property to deteriorute,or commit waste on�he Pmprny. Bcxrower xhull
<br /> ,�:�, be in default if any forfeiture actiaa or prceeeding,whether civil or criminal,is hegun ihot in Lendcrk g�xxl faiU�juJgment �'R;;4=.:__—
<br /> 7'i � �� '• could result in forfr,iture of the Property or ahenvise muterially impuir the lien creuted by ihiK Securlty Iny[rumenl or
<br /> �� , Sti-.�� "•�1���� L.ender's securiry interest. 8orrawer may cure such u defAUlt und reinstu�e,ax pravided in purugruph I R,by ruuwing the uctiun ��>�..��}�-�_:
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<br /> . .;..•• � ��,,.,, or proceeding to be dismissad wi�h a Nling tha6 in Lender's good fnith determinatian,precludes fi►rfefturc af the Bcxruwcrk
<br /> �-ry-� � • • 'f interegt in the Property or other materiAl impairment of the Ifen created by �hir Security Inrtrument or l.ender�+ecur�ty _ '
<br />_.. :�� ° ��� interest. Borrower shull nlso be in default if Borrower, during the loun upplicolion praccww, guve muteriully fulr�c or _
<br /> — ' ' ineccurate in formnlion or s�atemen ta lo Len der(o r f a i l e d t o p r o v i d e L e n d e r w it h un y muteriul lnii�rmutionl in connection whh
<br /> , ,,�.::. . � the laan evidenced by the Note, including, bm not limited to, reprehentationti canceming Borr��wrr;accupuncy of the _
<br /> :,..� ' ��_�,.. Property as a principal mridence. If this Security Instrument is on n leur,chold,Borruwer tihull c��mply wiih ull the pmvi.riunx ��Y__:
<br /> — '
<br /> — of the leuse. if Borrowcr u�:yui�Cn fez tltle ta ihc I'roperty,the leasehold�d the fce ti!!e sha!!nnt tn!�rg�!�n1eKU l.�n�r u�rres _
<br /> • ' .. �. ro the merger in writing,
<br /> �• " 7. Protection of Lender's Rlghts In the Property. lf Borrower fuils to �xrf'orm thc cavenunts und u�racmenlv
<br /> ' contained in this Security InxtrumeM, or lhem is u legal proceeding that muy significuntly uffect Lender's righi4 in �he �„���,-;-
<br /> ,, ' property(such us a praceeding in bunkruptcy.prohatc,for candemnution or f�rfeiwre or�n enforce luws ar regulutions),Ihen
<br /> Lender mny do and pay for whatever is necessary ta protert�he vulue of thc Prapeny and Lendcr�c rights in�he Praperty.
<br /> � .��r Lenderc uctians muy include paying any sums secured by u Ifen which has priority over thi�Serurity Instrumenl, ap�xanng �;;..N�,-_
<br /> . , „ � " � in coun,puying reusonable attomey.c'fee+und en�ering on tho Propeny to muke repair�. Although Lende�muy tuke uclion -
<br /> ° under�his pumgruph 7,Lender dces na huve to do,o. _.__�.
<br /> __ > d Any omounts disbuned by Lender under ihi,purugraph 7 shull become udditianal debt oP B�xrower secured by this
<br /> ' . Security In.r•trument. Unles�Borrowor und Lendcr ugree�o othcr terms of puymem,thesc umounls xhall k�enr imercst fmm the �°=."`-':°�`°'
<br /> • date of disbunement ut�hc Noto rulu and shull be payublc, with intcrcst,upon ni�tice from Lender ta Borrower reyueslina ,,._;.',
<br /> ' puyment. �
<br /> " ' 8. MortRage Insurance. If Lender reyuired mongage inrur:�nce i►z u conditfon of mukin� �he loun secun:d by thiK = •
<br /> .. Security Instmment, Borrower �hull pay tlw �remiums reyuired�o muimuin the mortguge insurnnce in effect. If,for uny ..,-�.
<br /> ,� , rcason, the mortgaFe insurunce coveruge reyuired by Lrnder lup+ex or cen�eti tu he in effecl. Borrower shull puy the "''`°""?;
<br /> � , " premiums reyuired to ob�uin coveruge substuntiully eyuivulent to the mortguge in�urance previou�ly in effect, m u cu�� :�.�'�:�-
<br /> vubstnntinlly equivulcnt to tl�e wst ta Borrower uf ihc mor�gage in,ur�nce previously in effert,from un ulternute mortguge ,
<br /> ' � insurer npproved by Lender. lf substant iully equivulent mortguge insuruncc coveragc is not uvuiluble, Borrowcr shull puy lo ��':..�;�'
<br /> .' Lender ench month u sum equul to one-twelfth of the yeurly moivguge insurunce premium lking puid hy Borrower when the
<br /> inxurance coverage lupsed or ceused to he in effect. Lender will uccept,u�c ond reluin Ihe+e puyments us a lass rcxervr in licu , __
<br /> . of mortgage insurance. Loss reserve payments muy nn Inn�!cr he reyuireJ,at the option of l.ender, if monguge inxurunce --� "
<br /> ., � coveroge!in the amnunl und for�hc perial that LrnJcr requires)provided by un insurer approved by Lender aguin hrcomcs ,:---.;.�
<br /> � ' uvailuble and ix oMuined.Borcuwer shall puy the premium�rcqufred lu m•rin�uin mrn�t�u�e in.uroncr m rifect,or Iu pn�viJr a
<br /> � qx s until the re uirement fur mort u e in.urunce end+in uccordunce with any written ugrcement between Barmwer �.�_--.
<br /> lo. re erve, y B F
<br /> „ , � ., and Lcnder or applicuble luw, y '�'�
<br /> 9. Inspectfon. Lcnder ar it�aFen�m:q�mukc re.isomihlc cntrie+ upnn and in,�xr�ian�of the Pr���xrty. Lrnder.hidl
<br /> � •',,..
<br /> give Burrowcr notice ut Ihe time of orprior t�an inxpertion��xrifyin�rcuumablr cuu.c t'ur thr im�xrtion. �
<br /> ° 10. Condemnation. The prcxeeds of uny uwurd or clnim ti�r damagr..Jirrct ur con�cyurnliul.in cunneciion wi�h+�ny .
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