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<br /> perlodr thwt L.eAder rcquires. The insuraix.b c�rder providin�Iho inRUrance Rhall bc choren by qorrowcr xubject lo L.ender's
<br /> -- approval which riwll na be unrcasonpbly withhetd. If Borrower fuiin ta mwintpin cove�age desr�lbed Above,L.ender mny.�t
<br /> ��- �.eederh option,obtein cavemge�o protect l.ender's righlR in�hePropeny in acc�x+d+mce with pivagraph 7. _
<br /> All in�urancc policks and rcnewds ehaU be occeptsbic ro Lcncier wxi ch�ll includo�s�undord morl�a�e cluusc. Lcnder
<br /> eh�ll Iwve Ihe ri�ht lo hald the policler�1 rcnewAls. If Lender reyuires.Barrower ahall pranptly give to l,cnder all receiptti
<br /> _ of peid prcmiums and�newal noticcs. In the event of lors,Barower ah�ll�ive promp notice to 1he in�urance corrkr and
<br />-^�P Len�ler. I.ender mAy malce proof af lo�v ii ncit mado prompUy by Borrawer.
<br /> ��- Unlesa L.enekr and Bcxmwer cNherwice ugree in w�iting.insurance proeeeds sha116e rpplied Io nestam�iun a repuir�f
<br /> w the Propcny domaged, if the rrstoration or rcpair ia er.onomically fi:asiblc und l.cnder'� sccunty is na Icc�ened. IP thc
<br /> ` - -= restoration or ropair ia nut ecunomicelly fcu+ibl� ur Lcnder� security would br le++rned,�he lnsurtuxe pmceed� �:hall be R
<br /> _—. appl[ed to the sums sa�urcd by this Security Instn�me�t.whelher or not�hen due,witl� any eacess paid to Homawer. If
<br /> — Borrower abandona the Pruperty. or doee not an�wer within 30 duys u notico from l.ender thut �he incurunce carri¢r h�x _
<br /> -- - offered to settlo u clalm,then Lender may callect the incurunce proceeds. Lender muy use the pmceeds la r+epuir or rcst�re
<br /> . -- = thc Property or to pay sums securcd by thi:Security Insaument,whcther or not then due.The at)-duy pedod will be�in when -
<br /> 1he notice ia given.
<br /> � Unless Lender und Borrower otherwise ogree in writing.uny upplication of pracceds to principul shall not extend or
<br /> �� - ----� postpone the due date of the monthly puyment�refermd to in parugraphs I and 2 or change the umounl of the payments. If _
<br /> � under paragraph 21 the Prope�y is uce�uired by Lender. Burmwer's r�gBt to uny inxumnce policiea und proceeds resulting
<br /> � from dumage to the Property p►ior to the acquisition shnll puss to Lender ro the exknt af Ihe sums�r,ecurcd by Ihis� Sceurily
<br /> ' Inarument immediately prior to the ucyuisition.
<br /> � I 6, pccupancy, preservallon, Mnintenwnce and Protectbn ot the Properl�: Borrower's l.oaa Applicatlon;
<br /> I,easehold�. Borrower shcdl occupy,estnblish,und use the Praperty as Bortower's princ�pal residence within sixty duyx af�er
<br /> �� the eaecution of this Securiry Instrument and shall continue to occupy the PropeRy us Bortower's p�ncipal residenca for at
<br /> ---- _` -_._ '=-=°'=�' least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent sball not be
<br /> ������i uruensonably witftheld,or unless extenuating circumswnces exist which are beyond Borrower's contml. Borruwer shall not
<br /> =--r���-Y�i de�troy.dumage or impair the Property.allow Ihe Pmpe�ty to deteriora�e,or commk wa�tc on the Property. Bortower shall
<br /> � �,„�,, be in default if any forieiture srction or proceeding,whether civil or criminal,is begun ihcU i��Lender's good fai�h judgment
<br /> .t;,n,�,�'; '� could result in fori'eiture of the Property or otherwise materially impair the lien cre�ted by this Security Instnament or
<br /> �,�,_�,. - Lender's security interest. Borrower may cure such a defoult and reinstate,as provided in pazagraph 1 S,by causing the action
<br /> ,L...,_.a . �_ or proceeding to he dismiased with u nding thnb in Lender's good faith determination.precludes forfei�uro of the Borrower's
<br /> �?=u�'� interest in the Property or other material impairment of the lien creuted by this Secun[y Insuument or Lender's secu�iry
<br /> �' ,,:,�,,�.� ��•• int�rcat. Borrower shull �Iso be in default if Borrower. during the Iwm opplication process, gave muterielly false or
<br /> ' �� '�� inaccurate information or slatementc to Lender(or failed to provide Lender with any material information)in connection wi�h
<br /> ;•�.•�:"`•`"'..`�"- ,.•:`: the loan evidenced by th� Nae. including. 6ut not limited to, representations concerning Borrower's accupancy of �he
<br /> '��,�'f'�°;;,;:' `����� I Propeny a�a principal Rsidence. If this Security Insuument is on a leaaehold.Borrower shull comply wilh all the pmvisions
<br /> {�::�,��:�"' i of�he lense. If Barrower ncquircs fee tiqe to Ihe Property,the leasehold sind the fee�it le shull not merge unless Lender agrces
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<br /> :ri.;.-. ;---.- --'�� to tiie mergcr i�u7iting.
<br /> �&� '' .. 7. Protectbn of I.ender's Rlghte in the Property. If Botrower fs►ils to perform Ihe covenantg nnd egreements
<br /> ` �'-�'��•�•�^�� conu+ined in this Security Insttument. or there is a IegAI proceeding thut may signd�antly affect Lender�s rights in the
<br /> w.��.� Property(such ar,a proceeding in bankruptcy,proba[e,for condemnution or forfeiture ur to enforce laws or reguludons).then
<br /> •� �'�'�`�' Lender may do and pay for whatever i4 necessAry to praect the value of d�e Propertyand Lender's rights in�he Propeny.
<br /> •. ?�`-• Lender�s actions may indude paying any sums�;ecured by u lien which has priority over this Security Instrument,appearing
<br /> ° ��'•��`� in court,paying reasonable uttomeys'fee4 und entering on the Propeny to make repairs. Although Lender mAy take uction
<br /> _�:,� . r� �,�� under this paragrnph 7,Lender dces not have to do so.
<br />� •JI� ' �`�� °"'�"�' Any amounts disbursed by Lender under this paragmph 7 sh�ll become udditional deM of Bortower secured by this
<br /> ''�• � � • �i;i�; Security Instn�ment. Unlcss Borrower nnd Lender agrce to other term+of payment,these amounts shall bear intercst from�he
<br /> '" dute of disbursement a[the Note rate ond shall be puyable,with inter+es4 upon notice from Lender to Borrower requesting
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<br /> .,,,,_�; �..:a;. .:. , . �.: pnyment.
<br />— "� :±.-.• g, Mortgs�ge Insura�ce. If Lender reyuired mortgoge inxurunce ns u conditiaa of mnking the loan secured by this
<br /> �-�'��^-,:_-�-- ;� Security Insuument, Borrower shall pAy the premiumx rc�wred to mnintuin the monguge insurance in eftect. If,for eny
<br /> --� :_,�r.�;� . . _�� .� reason, the monguge insurance coverage reyuired by Lender lupses or �euses �o be in cffect, Borrower shell pay the =
<br /> ,.�,•;;:;;.iy ,� ,' premiums required to obtain coverage xubstcu�tiully equivalent to Ihe monguge insumnce previously in effect, at a cost
<br /> c' ;' ,., substantially equivnlent to the co�t 10 Borrower of the mortguge insurunce previously in effect, from an altemate mortgage
<br /> ��; '"�'�•���� insurer approved by Lender. If substonliully equivulent mongage insurance coverage is na uvuilable,Borrower shall pay to
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<br /> y�� ,,•t�,.:. � Lender each month n sum equnl to one-�welf�h of the yeurly mortgage insurunce prernium being paid by Borrower when the
<br /> —..,;,�,;;,;,',� �� insurunce caverage lapsed or ceused to be in effec�. Lende�will uccept,use and re�uin ihese pnyments as a loss reserve in lieu
<br /> � �tt''. } '� �&� of mortguge insurnnce. Loss rexerve paymernti muy no lon�er be reyuircd,at the opuon of Lender,if mongage insurance
<br /> ����.�� '��`'" coverage(in the wnount and for the period that Lender reyuire�)pravided by a�� insumr upproved by Lender ugain becomes
<br /> ._. � uvailable und is obtuined.Horn►wer shAll puy the premiums reyuired�o muintnin mortgage insurunce in effect.or to provide u
<br /> — ~ r loss re�erve,until the requirement tior mongaFe insuronce ends in uccordvnce with any wriaen ugreement between Borrower
<br /> _"_`-�..� nnd Lender or upplicable luw. _
<br /> . . . 9. Inspectlon. Lender or its ugent muy rnal:e rcusonuble entries upon nnd inspectionx of the Property. Lender shall
<br /> --y� give Borrower noticc at thc time of or prior lo an inspection sperifymg reutionable cau�e f"c�r the inspcction.
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<br /> _=_�� � �� 10. 4ondemn�tbn. The proce�ds of'�ny award nr cl•rim for dumagex,direci��rcon�equeniial,in cunnection with any _
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