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<br /> —.__----_.-a::`4.t.'—— 92�. �OS19V
<br /> _--- periods that l.ender reyuircs. '(he inaurance carrier provlding ihe insurwnce xhall be chosen by Bortower subject�a Lenderk
<br /> -- --- __:� upproval which xhnll not be unreasooably wlthhold. IF Borrower fails to muintain covernge dexcribed abovo,Lender may.At �
<br /> __ Lenderk aption,obtaln coverage to protect Lender's rights in the Propeny in accardAnce with psuugraph 7.
<br /> �__.�a_ -_ All inaurance pnlicies ond renewals shall be acceptable to Lender ond shall Include u atandnrd mortgAge clause. I..ender _
<br /> . -- � eh�ll huve the�fght to hold the policics and renewals. If l.ender requires,8orrowcr sholl promptly qive to Lcnder ull receipt� __
<br /> -���r�ty�+SF?���'� of peid premiums and renawal ncnices. !n thc eve�t of loss.Borrower shnll givc prompt noticc w thc insurance cwrier and —
<br /> ?��`� l.ender. l.ender muy make proof of losa if not made prompdy by Borrower. ___
<br /> .:� �; � - . UNeas Lender and Borrower otherwise agree in wd�ing,in�urunce prceeeds shall be applied to rcstorotfon or�epuir of
<br /> �' `"'� thc Pro rty dumagcd, if the rztitomtlon or repair is ernnomlcnlly feavihle und Lender's security is not lessened. ff the
<br /> - - pc
<br /> -T' restoratirn or rcpuir is not econamically feusible or Lender�x Recudty would be lesxened, the insurrmce proceedY shall be
<br /> ��- � ���a upplied to the suma secured by thia Security Instrumem, wtiethcr ar not then due,w(th ony cxcesR paid to borrower. If
<br /> -_- Borrawer ubundons the Property,or dces nat unswer within 30 days u naice Prom Lender that the insumnce carrier has �__
<br /> _�e�•�.�,,,��': offered w icettle a cluim,then Lender mey collect the insurnnce praceeda. Lender muy use�he proceeds to repair or reatore °=-
<br /> .-.�:.•....__._�.' � rra.-.f
<br /> ��.�si i��:'�1�,° the PropeAy ar to pay sums secured by ihis Secudty Instrument,whether or not then due. The 30-day periad will begin when �
<br /> ��::?. `=..�� .+ thc notice is iven. - -
<br /> �.�.:��it°��°�' '. . - _,_
<br /> r..-_.�j,,,._.•;�;�_�,;. ,: Unlexs Lender and Borrower otherwise agrae in writing,uny upplics►tion of proceeds 10 principal shall not extend or ___
<br /> z�'}�'��;�,�' ', pos[pone the due dute of the monthly payments refemed io in pnragraphs 1 und 2 or change the amount of the pnyments. If
<br /> ��"�` ' '"��° under paragrnph 21 Ihe Property is ucquired by Lender,Bormwer's right ta any insurnnce policies and proceeds resulting "'•'
<br /> ��`� , ' from damage to the Property prior to the acquisition ehall pass to l.ender to the extent af the sums secured by this Security
<br /> �yr�uue'° `' .4 —-_—
<br /> ��„�,��; ` Instrument immedintely prior to the acquisition. _,.__..
<br /> ��r,��'_:,;..�,�ti?';!�•„'• b. Occupaacy. i'rerervatbn, Mainlennnce and Protecllon oP the Property; Borrower'e Loan Applkation; -,
<br /> _.�?�a�- ,� t,eqseholda Borrower ahall occupy,eslablish.and use the Property as Borrawerh principal residence within sixty days after sv�=.c�
<br /> `��...^�.. �� the execution of this Security Insnument and shell cantinue lo occupy the Propeny as Borrower's principul residence for at �'���=
<br /> � �'•'�'����� �•�� lenst one yeur ufter the dute of occupancy. unless Lender otherwise ag�ees in writing, which consent xhail not be -
<br /> :..�9p:;�,�� . • unreasonably withheld,or unless extenuating circumxlnnces exist which are beyand Borrowerk contrd. Borrower shall not _°�
<br /> +,•.;..;i���,,-:;•S� ' deslroy,dnmage or impnir the Praperty,allow the Property to deteriora�e,or commit waxte on�he Property. Barrawer shall -_--
<br /> ., ,� ,; be in default if any forfeiture uction or proceeding,wheiher civil or criminal,is begun thut in Lender s gaad fui�h judgment �„�..
<br /> �,..,_
<br /> • ° ° could result ln forfeiture of the F'rop.rty or o�herwise materi�lly ir�ipuir ihe lien created by this Securny Instrument or �.;...
<br /> ' '' * I.ender's security interest. Borrower may cure such u default and reinstnte,as provided in para�raph 1 R,by ceusing the action --
<br /> • ,•'; � :.,;;'�..•��:�'� or proceeding to be dismissed with a ruling�hat,in Lender?�good faith detertnination,precludes forfeiture of the Borrower's �',
<br /> 'r^.� °��-_ interest in the Propeny or other muterial impaimnent of the lien creuted by this Security lns�rumem or Lender's securiry �. �
<br /> � ".� "o '.> � � intercst. Borrower shnll ulso bc in defnuU if Bomower, during the loan applicu�ion pracess, gave materially falsc or �"'
<br /> . _ •°���• inaccurate informa�ion or statements to Lender(ar fuiled to provide Lender with nny materiul informatan)in conneetion with "-'��
<br /> • � �' , the loun evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy oT the ��
<br /> '' • �'��" Property as a principal residence. If this Security Instrumen[is on a leasehold,Borrower shull comply with all the provisions � '�
<br />: __ _ - '�'�!��;�r=��°�L-� of the leasc. !f 9orr!+wer x�'q���rec fee tiUe to the PropeRy.the leasehotd ond thc fee tiUe shall not merge unless Lender agrees �j_
<br /> ; �. ;. ro the merger in wr�ting. —;
<br />. , 7. Protectton of Lender's Rights in the Propeny. If Borrower fuils to perform the covennnts und ugreements �_,
<br /> '� contAined in this Security Instrument,or there i� u legal praeeding thut may significunUy uffect Lenders rights in the �"'"
<br /> � � `,�,i,;�,� . property(such ua a praceeding in bnnktuptcy,prohute,for candemnution or furFeiture or to enforce Inws or regulotions),then -__
<br /> • � Lender may do anJ puy for whntever is necessury to protect the valuc of Ihe Propeny and Lender's rights in the Property. ��
<br /> ' . Lender's actions muy include puying uny sums ucurcd by u lien which hus prioriry over this Security Instrument,+�ppearing �,��
<br /> � � �� in court,pAying reasonnble attorncys'fecs und cntering on the Propeny to make repuirs.Although Lender muy toke action =
<br /> � . , under this paragrnph 7,Lender docs not have to do so. �.:,
<br /> ,. Any umeuntx disbuned by Lender under this parogruph 7 shull bewme additionul debt of Bartower secured by this _,,,_._
<br /> ' � • '�� �" Security Instrument. Unlexs Bormwer ond Lender ugRe�o other tcrms af puyment,these amounts shall beor interest from the "``�
<br /> o dute of dixbunement ut Ihe Note rute ond xhall bc puyublr. with intems�.upon notice from Lender to Borrower reyuesting �;,,,.:,
<br /> ,. .�• pnyment.
<br /> " �� S. MoMgage Insurance. If Lende�required mungvge insurunce us u condition of making�he loan secured by this �___
<br /> , '�_ Security Inxuumcnl, Barrower tihall pay the premiumti reyuircd to muin�ain the mangage insurnnce in effecl. !f,for any
<br /> � -'= ;--=-_•-- reason, the mnrtgnge in�ur.mce• rnvrrnge reyuir�•�i My Lender lupscs or ceusex to he in effect, Borrower shall pay the �-�j�
<br /> � � prcmiums reyuired to obtAin coverage tiubstumiully equivulent to the mcxt6uge insurunce previausly in effecl. Af A COSt
<br /> �� � •� substuntially equivoknt to the cost to Borrower��f the mortguge in�urunce prcviou.ly in eftect, from un alternate mortgage " -
<br /> a� - � insurer a roved b Lender. If substamiull e uivulen�mun u�e intiurunre covern c ix not uvailable,Bomawer shull u to ��'"
<br /> .. PP Y Y 4 Bb 8 PY �
<br /> " Lender each manth u sum equal to onc-twelflh of the ycarly murtgaFe invurunce pnmium being puid by Borrower when the �__
<br /> . „ � . insurnnce coverage InpseJ or ceu}ed w br in effect. Lender will uccept,uxe:md rerrin thcze paymen�s uc�loss rexerve in lieu ---
<br /> of mortguge insurunce. Loss reserve puymentx muy no longer lx rcyuircd,ul Ihe ��ption of Lender,if mongage in.r•urance -�-
<br /> , „ roveruge(in the amount und for ihe�ricxllhut L�nder rcyuimsl pnwidrd hy un insurer upprovcd by Lender aguin becomes �_�
<br /> • available und is obtnined.Borrowcr shull pay the prrmium. nyuircd to muimuin mongugc in,urance in cffect,or to provide u �;-
<br /> , • ' ,`; loss reserve,until the requiremrnt for murlgagc inwrance c��l.in uccorduine with uny writtcn ogreemcnt betwcen Borcower •
<br /> . and Lendcr ur upplicublc luw.
<br /> .. 9. Inspection. Lendcr or its ugc�t may m:►I:c rca.anuhlc rntrie�u�m :mJ insprctiun.of'the Roperl}•. Lendcr xhull
<br /> ` give Borrowcr nolicc at�hc timc of or prior to un ins�xrtion ��xril'ying rcu+onut►Ic c:�uu fi►r thr in.perlinn.
<br /> . ; ,
<br /> !0. CondemnatMn. The pnxced+uf uny awurd ur claim ti�r ilamage+.Jircrt ar run+cyucntiol,in connrctinn wilh any
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