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<br /> �. ' .` periods dalt l..ender iequuts. 1ix iawr�nc�e carrier P'�avidinE ths inwrdnoe shalt be chosen by Borco�ver.sub,jes�ia.ts�er's � `
<br /> � ,aNp�oval which shali not be uncrasoa�bly withhel'd. If Bomuwer fails to maint�in coverage descn�ed above.Lx�xkr may.u� .
<br /> . L.ender's�option,d�i�coverage to protea L.eedec's rigtus in the Properry irt xcordance vrith puagnpti 7. '. -
<br /> A[1 insiarance pulieies and renewats sf�116e acceptable to i.e�uler and shall include a stac�dard mortgage ciause. Ixnder '
<br /> shaii have the right w 6otd�he policies and m�ewals: If Lender Kqnires,8orroW�er shall pramptly give to L.ender alt meipts
<br /> ` of padd pcemiuras and ratewat notices. ta tfie eve�tt of loss,Borrower shal!giv�prompt notice to the i�sura.hee rairier 3nd
<br /> I.rnder. I.ender may'make pmof of lass if not made promptly by Bocrower.
<br /> pnkss txndtr and Bormwer otverwise agnee in writing.iasuraace prnceeds shail be applied to restoratiort or repa'u of , -
<br /> _. �t6s proge�ty_dain�ged.if the ees�a$an or repsair is economically f�asible and'I.ender's security is not Icssened. If the
<br /> testotation or tepatir is not econoinicalty feasible or l.endes's secertity waild be IesseneA. the insurance p�viceeds s6a11 be
<br /> ' apptipd m the sums secutrd 6y tius Security Instrument,whether or not then due.with ar►y excess paid w Borrower. If
<br /> . Bormwer abandon.g the Property,or does na answer within 30 days a notice from Lender thac the insurance carrier has
<br /> ,offe�td to seRtle a etaim,then Ixnder may colleci the insurance pmceeds. L.ender may use the praceeds to repa"u or restore
<br /> tbe Pr�perty or to pay sums secuted bg tbis Savrity InstniuieN.whether or not then due. 7'hc 3Q-day period wffi Uegin when
<br /> ti�e notia�s g,�ven. .. _ : ,. . :.-°::;. ,.•: ...: ' .;._
<br /> Untess Lender and�i�awer othenvise ag�ee in.ariting.aay apptzeation of;praceeds to princi�al:s7iall not.extend or
<br /> postpoae tbe c�uc daic oE-�e;aioethly pa_�ueMs refe�red to in para�ap!s 1 arid 2 ar cttange the amoua�t af jlie;iaYinents. If
<br /> underparagraphZl.cbe��gga�;;ysa�agn..���ryLender;Borsvvyers'�ig�t'tc{aaiy"iosiicaiicepoticies:artdpnocr�eds'�resulting .
<br /> * � ore shaIi s to LeadeE'ta`ttize�xtent.of t[�e setmss�cuteA�fiy'iliis Securit} '
<br /> from d�age to.the�cv�;'}i�pr to�up' �uisiti Pas . .: , ; ::- ' .
<br /> -Inmument i�med�a?�'�.•���tiie acquisetion. . � .: ;'"r - .° � , ;::t,::; '. .�:
<br /> _: • • .
<br /> _ - . . 6. po�c� presisvation, Maiateiwaee a�,•Protectiod;of-'the Prape�y;�•Itorsow4c's�toart.'APpifcutiom, -----
<br /> - :_ ::;:I,easel�oids, g�tiower sl�afl occupy,establish,and use the Properry a�Boa+nwers princtpal�esidence withiqsiuty days after
<br /> •::�e executimrt of this Securiry Instnunene and shall eoiuique to accupy ihe Piaperty as Borrower's principat resideace for at
<br /> 'i`east one year after the date of occupancy, unless i.ender othervvise agr�eees in�writireg, wbich consent shatl not 6e : .
<br /> = wut2sonably withl�eld,or unless eatenuating circumstances exist whicb are beyond Borrowets conuol. Bomower shaU not
<br />= destmy,damaga or impair the Plrupectyr,allow the Pcoperty to cfeteriorate.or cammit wa�te on the Property. Borrawer shail '
<br /> be in defauit if any fafeiture action or proceeding,whethes civil or criminal.is begun that•in Lender:s gaxt faitb judgment
<br /> -- could result in forfeiture of the Pmperry or ottterwise materialty impair the lien created by this Security tnstrumeni ar •
<br />--r:i l.ender's security interest. Borrower may cure sach a default and reinstate,ay pravideA in paragraph 18,by causing the actit�a =_-
<br /> or proceeding to be dismissed with a ruling that,in Lender's gaod faith detcrmioatinn,preciudes fnrfciWre uf thc Borrowcr ti —�
<br /> interest ln fie PropenY ar ather materiat imp�irmrnt of ihe lieer rreu[ed by this Secariry ln�trumrnt�x I.endeoy�ecurit,y . �`�';--
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<br /> interest. Bnrrawer shail�atso bc in dtfuult if Rarrawer, during thc f�an applicatian pr«c.+, guvc matrrialty fake or ��-_'
<br /> ��_�--:
<br /> inaccurate infomiation ar r,tatements ta E.encfet I��r faited to provide l.ender with any ma.erial infomtatinn).in c�mne�tii�xi wi�h --_______
<br /> th� toan evidenced by the Nate, inciuding,bue noc timited to. representationy ranceming Soaower's acup;incy of the --�_;, �:
<br /> PropeRy a.s�principal�esidence. If thi�y Security Instrument is on a Ir.�sehold.Borrnwet�hali comply with aq the prQVisions _ .
<br /> of ttie leasc. If Barrower acquirec fec titic ta thc Propeny.the leasehold and the fee title shall not mcrgc unfess Lcnder agrcc.r -__-�
<br /> ta the merger in writu►g. --
<br /> 7. Protection of l.ende�'s Right�S in the Property. If 8arrower faifs to perform ihe covcnants and agreements �.�;.
<br /> cootained in t6is Security [nstrument. or therc is a 1esa1 praceeding that may significantly affect Lxnder's rights in the =---=_-
<br />, Property(xuch as a proeeeding in bankruptcy,probatc.for c�ndemnation or forfeitum as to enfone law�ar regulauaa+),then —�_,-
<br /> [.ender ma do and a for whutever is neces. to rotect the value of the Pra and l.ender's ri t�in the Pro n . ���"`�� "
<br /> Y P Y � P Pe►�Y S� Pe Y �.�+:
<br /> Lender's uctions may include poying nny sums secured by a lien which has priority over this Secuary lastiument,appearing ��k;���;;F'-y;
<br /> � '�� in court.paying reasonable uttorneys'fees and entering on tha Property to make repain.Although Lender may take actian -•�:1. _
<br /> ' °�under this paragaph 7.l.ender does nnt have to do so. :r�;�.-"�'�' `�
<br /> . �;, Any Amnunts ditibursed by Lender under this paragraph 7 shall bernme additional debl of Barrower seeured by this ?-4�'`'--"'��`�
<br /> ' Security Instrument. Unless Barrowcr und Lcndet agrce to other tcrm+of payment,thcu3 amounts shaU l�ear interest from the ' .. ,. _
<br /> - date of disbur.sement at�hc Notc rate:uut ahidf 6e payabte.with interest,upnn notice from Lcnder to Bocrower reyuesGn= °.�";_;5-= .R
<br /> .,„_'. , paymenl. . . ,:..,-...y
<br /> S. Mortg�ge Insuranee. If l.ender mquired moagage insurance ati a condFtion af making Ihe loan secured by this ;.. '�?tjr:;,
<br /> r Security�imtrumerit.Hocrawer shall pay the premiumti required ta maintain thc rtu�ttaage in�urance in effect: lf. for any ,�;:':`;4;=;;�.°-
<br /> • � -° rea5an, tS�e mortgage insvrance cover°agc rCqtriicd by lxnder (ap�e� or ceasev t�i he in effect. Borrower shall pay the �`�� �
<br /> .. • •�� premiums reyuired to obtain rovera�e tubstantially equivalent t���he mnng:�ge inmuranco previou�ly in effect. at a cost � `�' �. � •
<br /> substantialty equivalen!ta the rotit to�onnwer uf the mortgage insurunce previoutity in cf"frct. fi��m.�n alternate mongage � -
<br /> iasurer approved by Lender. If.rubstamially eyuivalent rtiort�age intiurance coverugc is not avail.ible.B��rrower.haU p;�y to _`.•�-s'
<br /> ` -r' l.ender each manth a su:-:�aual to onc-twetfth of thc ye;►rly m�rtgagc insun+ncc prcmium ncing paid hy Barrower when lhe ' :';`_',,�;,;;_
<br /> insurance coverage la�cu nr ceased to bc in cifect. Lcnder will arcept.utie:tnd tri.ain thc+c paymcnts ati a bcs reserve in lieu � ��_�
<br /> � � �` ' of mortgagc inturancc. l.tns rescrvr payment�m.�y n��langer 1+�required.;it thc c�ptinn c�f'Lender, if mong�ge insurance *;.,�i'��;; #`4��,�.,-
<br /> ' coverage(ire the amount and far�hc prrind that Lendcr rcqaircef providcd by.tn insurcr:��rr�ti�ea by l.ender again becomes ; ; '.�.+'?;;
<br /> _ � available and is uhtF�incd.Barrawer sha�l)pay�he prrmiumc nyuired t��maimain m��rtgagc in�ur.�nce i�f cffcct.or ta pr�vide a. �' � • .
<br /> �� los.r•reserve.untit 1hr rcyuiremen�ti�r mvngage in�urunce cnd�in.�ccar�lsmce with;�t�y written agreemem hen��een Barrawer �':•���.
<br /> ; .,'• . ,. � and Lcnder nr upplicf�bfe tuw. �{'�``' ' .
<br /> „ 9. Irtspectinn, l.endcr nr it�.igent may makc rr:►�onablc cntric.upon an�t in�pertic,m ui'thc F'roperty. Lcndcr shall ;.�' '
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<br /> _;��_"1^�,-;:"_f- give Borrowcr noticc�t thc timc of or prior to an in.rpcctinn tipccifying cca�unablc cau,r fur thc in�pcc�iun. f - - --- -
<br /> - --- __ -_ :...;�. 10. Condemnstivn. 'fhc pmcccd���i�ny aa•ard ur ciaim ti�r da�iti;�gc�.�tir�rr or c�m��qucnti:d.in cannection with any ;
<br /> v,.,
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