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<br /> ' ` periad:lh�t l.endec nequircs. 'lt�e ins�aai�ce carrier provlding the i►ffiter�nce sh�li be chosen by 8ono�ver subjGCt tv I.ntder4 �
<br /> t: ��v,�,b����ot 6e�reasonably withheld if Bcx�nwer fa�(s to ma�ain cuvcr.�ge descn'bed a6ove.l.a�dec may,at �
<br /> , ` L,eader's option,abitin coverage to protect Lertder's rights in the Prape:ty in xcardan�with paragraph 7.
<br /> ' . ��u�C�pnlicies aed renewats shalt he accepla6le to lrender and sha11 include a standard mortgage ctause. Lender
<br /> �itl!6avF ihe dgt�C to hold the potiries aad renewais. !f l.ender mtuires.Borrower shal!promptly give to Lender aU rcceipts
<br /> • of paid prcmiums and�enewal nwices. in the event of toss.Brnrower shall give p�+nmpt notice to the ids�ce canic*and .
<br /> Lender. L,ender may make�oof of loss if nat ma�le promPUY aY��wer. .
<br /> Udess Lender and Boirower ott►ervvise agree in wriring.msurance praceeds sha11 be applied to restoration or mpair of
<br /> — ��Y�8� if the restorarion ar repair is econottnca}ty feasi6ted be l�.sened.thc iiuuranACe�p eeds shall 6e
<br /> ' nstpaqon or�epsir u not ecanomicaliy feasible or Lender's,�ecurity -
<br /> appliod to tI�e sums secured by this Security laStru°xnG whether or noc then due,with an�r excess paid to Borrower. If
<br /> gM�w�a�a�ns the property�os does not answer..rvidun 30 days u norice fmm l.ender that the insnrance carrier.has .
<br /> offered to settle a claim,t6cn Lender may coilect tht insurance proceeds. Lender map ase the pmceeds to repair or iestorc
<br /> . t6e Pcoperiy or to pay swnc sec�ued by this Security Instnmmen�whether or not thea due. '[l�e 30-day period will begin when
<br /> the aoace is given.
<br /> pnt�s Lec�der and Borrower aherwise agree in writing,anY�PPlication of proceeds to principal shaU not ezoe�ict or `- . -
<br /> postpone the due date of the monthly payments�efemd to in pa:agraphs 1-azed 2 or change the amaunt of the payments. If `'
<br /> �de�p�agraph 21,t h e P t o p etty 3s acqui n d bp l.e n d e r.B o c m w e r's r i g h t t o a n y i n s�u a r+c e p o li c i e s a n d proceeds resuttin g � ,.
<br /> �om damage tn the propetty prior ta the acquisition shall pass tv l.e�det I°the extent af the sums'secus�ed by Ihis SecuritY ' - �__
<br /> ` .Instnmc�ent immed"ately pciar w the acquisition. � ,: ---
<br /> - . 6. Oeenp�cv, Preservation, Mninteo�ace and Pratection o�trie Praperty; Borrawer s.t.oan Applicationt --
<br /> - l.qtseLoWs. Ba.trn��r shall occupy,establisb,ami use the PropertY as Borrower's principal msidence.�vithin siaty days after. _
<br /> the txecutioa af dus Se�urity fnstrurne�t 9ad shaII conti�tue to occupy�he Propeuy as Barrawer�priucipal residence for at
<br /> leasc,one year after the date of.occupanc}.<untess Lendsr otiterwise agrees en writ�ng, wFiich �onsent shall not be . --
<br /> 'uiae�oaa6ly withbeld,ar��s�„xtenundng circumstances�xist which aie beyond$urr�wers control-'Borrowet shal!_not . —__-
<br /> � d�trci�r;.tlamage or imp�aiF tae Pra�etly,allow the Propetty ta.deteriarate,or'commit waste an the Property $ori�uaeet sE+aE[,
<br /> be ia.3efault��:fnrfeitur�a�orpcaceeding.whether•cryel ar crbn�nal.is beguil thaY�ia l.endec's good faN!ju�ent • —
<br /> , coutd r�solt in Kar�'�ture of�he,Ptoperty or otherwise maiL�ajiy iinpait the tien cmated Ay this.Security ln"stru�ent or
<br /> Lender s securit�:�erest gamoRer may cure such a default and reirsstai�:�.prUVided in paragraph IS.by causicig tfte actian �
<br /> of�dia�;a Iie•rtisms� �aaih a rulittg that,ia Lender's gaod faith deierinination.precludes fot#'eiuice oE the Borc4wer g ��; --
<br /> in:-�r��.-t t3�e�rapefir�ar ot3ser material impairment of the lien cceated iiy�tfiis Secant�7nstrpment oi:[:endra�s s�i�triiiy
<br /> �n:,�=,esi.'$ortoa�ec.si�a[I also be in default if Borrower, during the taan appJicatiai%:process, gave rtiateriallyf�7se or. . . ���•:d�-
<br /> ;, � , inaccaratemfw-assatianor stateme►its to Lendpr(or failed to pravide Lender�uith any mateiial infarmaiion)in ec�cmecc�on,�ith ��,�
<br /> the taan evidenca�3i}r ihe Note. inctuding.?h�not limited to.representafions coneeining B"oriowers occupatrcynf.'the , ��,,,"•���'
<br /> � property as a prin�aL residence. If this Securizyr Instrument is on�teasehofil:Barrower sha[!cc�mply t�ith al!the provwsions .. �,�-__�_.:
<br /> .w�reaskr;�a-
<br /> of the leasc. lf Sbrrawer acgui�s fee title ta the Property.the Icas:ehold and the fee title shail not merge unless Lender agrees =___ _
<br /> to tha merger in wrlting. = —�
<br /> - 7, protection o(l.ender's Rights in the Property. If 8orrawer fails to perform thc covenan�c And agreements ��.�.F=_ _
<br /> -..- cantuined in this Security Instrtrmen�,or there is a legal pracceding that may significantly affect L,cader's rights in the ---��
<br /> Prope[ty(such as a proceeding in bankniptcy.probate,for candemnation or f�rFeiture or to entorce laws ar regulation�),thcn �r
<br /> ' � Lender may do and pay for whatever is nrcessary to protect the value�f ihe Prapeny and Lenderti rights in the Property.
<br /> l.enders Actions may iaclude paying uny�um�.+ecured by a lien which hati priarity over�his Ses:urity in�tnimen4 appearin� �; .t..�:�•.
<br />. in couri.p�ying reasonable uttomeyc tres ana cutcring�n the Propeny to make repairs.Atthaugh I.rnder may take actiion :. <'..•';+:�;:.
<br /> -^w'M':.... ..
<br /> • und'cr this para�rs►ph 7.l.cnder docs not havc to du.a. ,�;€=r;r-
<br /> . � � Any amountti disbuned by I.ender under thi,p:uagraph 7 .hall hecnme udditinnal deht uf Hurrower�ecured hy thiti - . ^�_
<br /> � 5eeutity Inxtrument. Unless 8orruwcr:mJ I.endcr��*rce tn mhcr Icmi�oP paymcnt,thc.r amountti�half Ix:ar intcrc�t frum ihe ���� .�__
<br /> ' � date af dicbur.;ement at the Noee r.rtc sind�halt Ix pay�.►hle.�vith intcrcyt.upon n��licc 1'ram l.ender to Borrawcr tkque,ting ,._,.�s.-�°_=
<br />, � payment. . .
<br /> � S. Morty�e In.suraaee. If Lendee rci�uireci mnrtgage insuranee ati a a�nditic►n of making Ihe loan�ecured by Ihiti . .��i:`_:,•-.-
<br /> . ���. � Security ln+trument.Barrawer tihall puy thc prcmiums required to maintain the numgagc in�ur.�nce•in cf'(cct. li. for any • . '>;� _
<br /> _ i reason. the martgagc inrurancc coverage reyuirrd by Lender lap�es or reatic� to bc in effect. Qorrowcr .rhall pay the . :�..•,��_ __
<br /> -'• � premiums rcyuircd ta c�btain caveragc �ubstantially eNuivuteni w thc mangagc in�urancc previously in cffrrt. at a co.t _._e
<br /> ' ' I substantially eyuivatent ta the ccnt to B�rrower af ttus m��rtgage intiurance pnvioti�ly in effecl.frnm an altemate mortgage -
<br />_ � -. j insurer approved by Lender. Ii substamially equivalent martgage insurunce coveragc i�not availablr. RaROwcr�hall pay to . �`,:'
<br />_ � ` l.cndcr each month a sum equal t��<mc-twclftb of thc ycarty modg:►gc in�urancc prcmium hcing paid by 8c�rcowcr whcn 1hc .�; ,:,;�
<br /> • , insurance caverage lapsed c��ceayed to be in effect. l.ender will urc��t.u�e and r�ta�n the.e paymems ur u la�ti re+erve in lieu ,.;Y '•�;�.}.•,
<br /> - ! af moRgage insurancc. I.�ss reservc paymcntti may no longcr bc reyuirc�l. at thc��pticm af I.ender, if martgage insur.�nce (�� ,
<br /> � cavcrage fin the Amount and for the peri�xl that Ixnder requires►pn�v�dcd By un in�urcr approvcd by L.cncfer again bccames �': . • '.�w,
<br /> '�' - available and iti obtained.Borrowcr+hall pay thc prcmium�required t��maint:iim m�rtgagc in�urancc m effect,or to provide.i
<br /> i,�. . ,;�:,
<br /> ,s. j toti�+reserve,until thc requirement fnr mungagr insurance end�in accardauce�sith:my w rilten.�Lreement Ixtwecn Harn�wer - .
<br /> . ae��Lendee nr applicable law. ' i • ""' ' •
<br /> �;'p�A � 9. Inspecdun. l.ende►ur its agcm may makc matiunable ent�ie�upun and in.pection�uf'thc f'roperty. In;nder�h;iU . � .
<br /> ,._ _ `____ _•�:+:__: g�s�c Borrower no�ice ut the timc uf ur priar tu:u�inspection yperifying rca�emable cautie fur thr impectinn. ±' � ._. .
<br /> 10. Cundemnatiun. 'I7�c pr�xccds��P any award ur claim far clama,c�.dircci ur cun�c��ucmiaf.in caitncction wi�h:my E-,. — . . .
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