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<br /> � periods Ihul t.ender rcyuirex. The insumnce carrier providing the insurnnce ahull 6e chosen by Barnower subjec�ta Lender's r�* `"'""'—
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<br /> _ Lencler N i�inn,i�b�ain caverpge w protecl Lenderk rights in the Property in accordance with parugraph 7. �,�-��--�,� ____
<br /> All inxuronce�IicleR and renewala shall be acceptobk to L.ender and shall include a slandurd mongage clauxe. Lender 'hr?��=_-:
<br /> '� � � �hpll luwc�he riRht tn hold tha po8ciaa und rcnewale. If Lender requirea,Borrower shall pmmptly give to l.ender all receipts _ •-
<br /> — I �►f pdd prcmiuma and Rnewwl no�icea. In the event ai IoAS,Bortawer shall�ive prompt naNce to�he insurnnce c�er an d _
<br /> Lcnder. Lcndcr n�ay mulcc pmaf of losx if nat made prompUy by Borrower.
<br /> I lnle+�+l.cnder ond Bonower nlherwixc agree in wriNng,in9urance pmcecda sholl he applied to rc4torutian or rcpuir af
<br /> � �he (?�meny dumuQed, ff Ihe rentarotion or repait ia ecanomically fea.sible and Lenderl�xecudly is nat lesxened. If the -�-
<br /> � � irHurutii�n c�r repair is nnt cranomically feasible or Lendcrk sccurity would bc lessened,tlie in4urY+nce pmceeds sball be - --_ . —
<br /> - - -- - a�.��8..! i,i ttu :liiil��...u�.d!:y thl� Sccu�tty Instcurnent, �heth�r nr not thert due. •.•�ith nny�•c�Q,�ni�i t� Rnrmw�r If �� "'- ..__- -,
<br /> .. . Bannwar.bandm��ihe Propeny,nr doea not answer within 30 dayR a notice from Lender that the insurence cerrier has ��'�`=�
<br /> , offcred to RcUle a cloim,�hen Lender may cnllect Ihe Insurence proceeds. Lender mny use the proceeds to repair or restore �"- ...Y...
<br /> i�pr�►peqy��r la poy�uma secured by this Securiry lasttumem.whether or na then due. The 30�day period will begin when �•' ��f'-�
<br /> Ihe nnlice le given.
<br /> Unle.rr l.ender und Borrower otherwi4e ogree in writing, ony application of proceeds to principal shall not extend or «`�'-w
<br /> �x���he duc da�c of�hc mon�hly puymenta rekrred ta in parugraphs I and 2 or change the artwunt of the pnyments. If ���
<br /> under pumgraph 21 the Property ia ucyuired by Lender. 8arrower��ight ta any insurance policies and proceeds resulting �,� -
<br /> Ifn►m dnmoge to Iho Property prlar la the acquisition shnl l pass to L.endBr lo ihe eatent of the sums secured by this Security `-�
<br /> i Im�n�menl immedialely prior ro thc acqulsitlon. �_____
<br /> - , A. OccupAncy, Preservatlon� MointenAnce and ProtecUon of the Property; Borrower'a l.oan AppflcaUon; �=--
<br /> l.ta�ehold�. Barrower ehull occupy.extuWish,and use the Prapetty As Borrower�s principal rcsidrnce wilhin siaty days aker �"'''�„`� —
<br /> � �he earcullan of thls Security Instrument und shall caxlnue�o occupy the Propehy as Bortower!�principal re9idence for ut =�—
<br /> Ieart one yeor nfler the dnte af accupuncy, unkss Lender otherwisse ugrces in w�iting, which consent shall nd be ���_.,
<br /> unre�unably withheld,or unleas ex�enuo�ing circumR�anca eaist which nre beyand Bormwer�comrol. Borrawer shull not �:.
<br /> -� derlmy,Jumuge or impuir Ihe Pruprrly.ulluw U�e Pruper ty lo dete�iorute,ar cammlt wucte on the Propeny. Borcower shall �..-
<br /> he in defuult if uny farfeiture uc�ion�x prceeeding,whether civil ar criminal,is t+esun tbnt in l.enderk gaad fai�h judgment --
<br /> ci►uld re�ull in forfefture of Uie Pr�erty or otherwise rnu�eriully impair �he lien cauled by Ihis Secu�ity In�ttument or
<br /> _ l.ender's xecurily imeres�. Barrower may cure xuch u ikfu ult nnd reins�ate,ax provided in parngraph I 8,by causfng the uc�ian `"
<br /> � or pmcecdfng ui hc dismis.r•ed wi�h u ruling thnt,in LenderR gaod faith determmatlon,precludes Forfei�ure c►f�he Borcower?v --
<br /> inlereat in the Propeny or other mnleriul impuirment of Ihe lien crenled by Ihis Secu�ity Inctrument or l.ender'.s secu�ily
<br /> intercst. Uom�wer xhull ulso be in defuuU if Borrnwer, Juring �he loun upplicu�ion pracess, guve muteriully fulre or •
<br /> ., inarcurule infotmutfon or s�alemems�o l.ender lo�fuiled toprovide Lender wi�h uny mute�ial infomnation)in connection whh
<br /> Ihe liiun evidenced by �he Nnte, including, but nat liiniied to,representu�ions conceming Bormwer� accupuncy of the
<br /> I'nry+eny+��a principal rcxidence. If thiti 5erurity Inti[�umem is on a leosehold,Borrower shull comply with all�he provisions
<br /> uf the Icase. If Bom�w�er ucyuircs fee iitle�o the Propeny,�he leasehold and the fee title shatl not merge unless Lender agrces
<br /> � 1��tl�e mergrr in wrNlog.
<br /> - I 7. Prolection of Ixnder's RlRhls In the Property. If Bort��wer fails to perfarm the covenunls und ugreements
<br /> ` comainrd in thiri Securi�y inti�rumen�, or Iherc is u legul pnx:eeding ihut muy tiignifican�iy uifec� LenJer�righiq in Ihe - --
<br /> ' , 14opetty I�uch ax+i prcxeediag in hankruptcy,probate,for condemninion or forfeilure or to enforce laws or reFuludans),then
<br /> . l.ender mny do and poy for whntever is necexgury to pro�ec��he vnlue nf the Propeny and Lender: rightg in�he Propeny. _
<br /> ' � Leiule��uclinnv mny include paying nny sumc cecureJ by a lien which has�xiority over Ihis Securily Inxtrumenl,u�eoring ,
<br /> — in cauN,paying rcawnable ullomeyc'feex and entering an the Pmperty la muke repuirs. Although Lende�may take aclian � .,�
<br /> undcr thi�parugrnph 7,l.endcr dceg not havc to do so. __
<br /> � Any ami�unls ciislwrxed by Lender under�his paragr�ph 7 shull t+ecome Addition�l'�iebt of Borrower�ecurcd by lhis
<br /> SrcurUy Instrumem. Unlex4 Borrower und Lender osree toother terms of puymen4lhese nmounts shall benr Interesl from the _
<br /> lIi1IC ll�tI{lfI1UfRCI11Ct11 al(IIC NOtO�AI�Atl(J 3IlAI) (7C PAYIItfIC,with intetest,upon notice from Lender to Borrower reyueA�ing ���..--��_
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<br /> - 8. MartuaQe Insu�once. If Lender reyuired mortgage insurunce us u condition of'making Ihe loan secured by Ihis t '•�=`
<br /> Securi�y Inytruman�, Bnrriiwer shnll pay �he premiums reyuired to maintain 1he mohgu�e insumnce in e(fect, (f,for any i� "��°-°.
<br /> ,:' reu�on. Ihe mnrt�tuge inxurunce rnverage reyuired hy I.ender Inpseti or cenxe� ki he in effecl. Honower shull pay the
<br /> ' �+r� � I prumiums reyuired �o ohlain coveroge wubxwn�iully eyuivnlent lo ihe mortguge insurance previously in effect, at p cost T
<br /> subsiantially eyuivalem u�ihe cog��o Rorrower of�he mcxtgage insurunce previausly in eifect,from an ulternate mortgage ,
<br /> i in4urer approved by Lender. IP suM��nntiidly cyuivulem manguge insurunce coveruge is nrn nv�ilable,Bonower sholl pay to �'�:°-
<br /> _ � � Lender eoch mnmh n,nm ryu►d�u�nc-�wclfth of thc yeurly mortgnge in4ur:mre pr�mium t+eing p�id by Borrower whcn the ' -` "�
<br /> � ' 1 inxumnee roveruRe lup�ed or ce�ieed�a t+e in effec�. Ixnder will uccept,use und relain Ihese payrnents a�a loag reserve in lieu ���:,�„�;,
<br /> ' � of mortgage inxurunce. I.ovw reserve puymenls muy no langer be required,al the option of Lender, if mortgage insurnnce ` ' =�.'-�
<br /> � rnverage lin the umoun�nnd fur Ihe pericxl thu�Lrndcr rcyuires)provided by un insurer appmved by Lender again hecomes , • ^
<br /> ' avoiloble ond iw oMnineJ. H�►rt��wcr.hull pay Ihe prcmium�reyuired to muintain mortgoge insurance in effect,or to pmvide n
<br /> loca recerve,until the rcyuiremem for monguge insurunce endx in uccordunce wi�h uny wriuen egreement between Borrowea•�• • •
<br /> s and Lender or npplicuble law, ' " .
<br /> 9. In�pectlun. Lender ur iix ogcnt muy mukc muci�nuhle cntries upon und inspections of the Pmperty. Lender sht�ll
<br /> s � ptive Burmwer notice a�l lhe lime of or priu�I�i nn inxpeclion�pecifying reumn�ble cause fix�he inspection.
<br /> 10. Cnndemnatlon. 'I'he pr�xeeJx of��ny awnrd or cluim for damugex,dirccl or conreyuenlial, in conneclion with uny
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