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<br /> ` pedods that I.,ender requires. 7't�e ineurance curier provlding the Insurance ahall be chosen by Barrower subject to Lender�
<br />=�,°� approval which rhall not be unreasonubly withheld. If Borrower fuils to maintai�covetnge descdbed above,Lender may,at
<br /> �x Lender's option,abtoin covemge to protect Lender:g rig6ts in the Properry in accordance with parngrnph 7.
<br /> �� .�_f...,.•. ' All insurunce policies and renewuls shall be acceptable to l.ender and shall include a standard mortgage claur,e. Lender
<br /> `' '�*` ahall have�he rlght to liold tha policies and nenewals. If Lender requires,8orrower shAll promptly give to Lender oll receipts
<br /> _���y� uf paid premiums and renewel nodcea. In the event af loss,Borrower sh�ll give prompt notice ro the insurance camer and
<br /> Leuder. l.ender may make proof of loss if not made promptly by Barrawer.
<br /> � � Unless Lender end Borrower otherwise agree in writing,insurnnce pracceds shall be uppiied to restoralion or cepai�of �
<br /> '— ;� C-� ,�� • thc Property damaged, if the res[arntion or repuir is economically feasible and l.ender s securiry is not lessened. If the
<br /> �"'��'c restoration or repair is not economically feasible or Lender's r,ecu�ty wauld be lessened,the insurance proceeds shall be
<br /> - -.'#�`,:��__ applied to the sums secured by this Security Matrument, whether or na then due, with any excess paid ta Borro�ver. !f
<br /> .�,,y.�_�,�. Borrower abandons the :'roperty.or does not answer within 30 days a notice from Lender that the inaurance currier has _
<br /> ,i'�, ,��r:a� �, offered to rettle a claim,then Lender may collect the inAUrance praceeds. Lender may use the proceeds to repair or restore
<br /> -�— �-.��,_..,,,_ thc property or to pay sums secured by thia Securiry Inswment,whett�er or not then due. The 30-day period wlll begin when ` _
<br /> �°��'""_° the notice is given. —
<br /> � Unless Lender and Borrower otherwise agree in w�iting,nny npplicution�f proceeds io principal shall not extend or
<br /> ��'�^'.`°�`� , postpone the due date af the mon�hly payments referred ta in parngrnphs 1 ond 2 or change the wnount of the payments. If
<br /> ��'�`'}"4•�,� +� under pnregraph 21 the Propeny ia ucquired by Lender.Borrowerk right to nny insuronce palicies and proceeds resulting
<br /> , ' �`�-- from dumage to the PropeRy priar tu thc ucquisitian shull pasa to l.end�r la the exlent of the suma secured by this Secu�ity
<br /> �,.�,, .:. Inxtrument immediately pnar to the acquisi�ion. __
<br /> '�'_ 6. Uccupwncy. Preaervptlan, Malotenpnce and P�atectlon of the Prope�tyi Burrowe�'s Lam Applicption;
<br /> --- �._�:;: "�� � l.easeholda. Bormwer nhuil uccupy,er�ablish,and u�:t6e Praperty as Bunower w priix'iryd re�idence wilhin xixry duys After
<br /> y�..�.�:. . .. Ihe execution of this Secu�ity In.ruument und shull contfnue w circupy the Propedy ux Bartawerk principul residence for at _
<br /> 1.,, , . �.:: , lea.rt cme year af�er �he dutc of excuparny, unless Lencler olherwise u�recx in w�iting, which cons:ent +hull not 6e
<br /> a ° ° `' unrcur•onahly withhelJ,or unlesr exienuating circumxtuncew exiht which are hryond Bormwer i:cnntrol. Bo�rower shall not
<br /> i���i,;,^�;,� destroy,dumuge ar impalr Ihc Propeny,ullow Ihc Prapeny lo deteriuratc,or cummit wu.rtc nn �he Propen.y. 8orrower�hall __,
<br /> �_'� � be in default if'uny fo�feiture uclian or procecding,whether rivil or criminul,ir:begun thut in L.aiderh good fuith Judgment
<br /> � �������-�• a►uld rerult in forfciture ai thc Propeny or othcnvis�c materinlly impuir the lien created by thiR Security lusirument or ��
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<br /> Lender��securily in�erext. Borrower may cure such a default and reinstate,uti proviJe�fn�rugraph 18.by cuusing the action �
<br /> �r='�+�+��••�� ' or praceeding to be diamis�ced wi11t a ruling thut,in l.enderk gaod faith determinatiott,precludes forfeiwre of the Borrower's
<br /> ; � �� � intereat in the Ptopeny or other muteriAl impairment of the lien created by this Secu�ity Instrument or L.ender's r,ecuriry
<br /> ' interest. Borrower shull nl�o be in defuult if Borrower, during the loan upplicution process, gave muterially false or
<br /> - -• �n`�. inaccurnte informn�ion ar ctatements to Lender(or failed to provide Lender with uny muterial information)in connection with
<br /> — .f%�s;_-,..._r�_:,.�:-•:i� the loan evidenced by the Note, including, hut not limited to, repretentations conceming Borrowers occuponcy of the
<br /> -- ' Propeny as a principal residence. If this Jecuriry instrumen[is on u lrunci►uid,f3orrawcr shalf comply ti:�lth e!!the provis9�n4 _
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<br /> -- � of thc lease. If Borcower acquires fee title to the Prapeny.thc lensehold and the fee title shall not merge unleas Lender agrees
<br /> .�• ' ' to the mergcr in writing.
<br /> °� '���. ' 7. Protectlon of I.ender's Rig6ts in the Property. If Bomower fnils to pedorm the covenants und ugreements
<br /> _� • � contained in this Security Instrument. or there is a legul proceeding thut may significuntly affect Lender's rights in the
<br />.-_� property(such ac n proceedmg in bankruptcy,probate,Por condemnution or fort'eiture ar to enforcc laws or regulations),then
<br /> ��-�"�-`� `�.� ` Lender may do and puy for whatever is necetisury ta protect�he vnlue of the Property and Lender'.s right��in the Property.
<br /> °='� • � ••� Lender's ections mny include paying nny sums secured by u lien which hns priority over this Security In+lrument,appenring
<br /> „ '�� in court,paying reusonablc uttomeys'fees and entering on the Propeny to muke repairs. Althoush Lender may tuke action
<br /> ' •• under this pnragruph 7,Lcnder daes not havc to do so.
<br /> � .�j°�' : Any amauntq disbursed by Lender unde�this parngruph 7 shull become additionul debt of Borrower secured by this _
<br />_ "�'� Securlry Instrument. Unless Barrower and Lcnder agrce to other tcrms of payment,these umounts xhall oear interest from the _
<br /> ; . date of disbursement ut the Notc rute and shatl be pnyable,wilh interest,upon noticc from Lcnder to Borrower requcsting
<br /> —, ^''� puyment.
<br /> �^^' '.' -: � 8. Mortgage Insurance. If Lender reyuired monguge inxurunce us u condition of ms�king the loan secured by this _--
<br /> ' �'"�` ° '�' � Securily Instrument,Borrower�hull pay thc premiums requir�ed to muintuin the mortgage insuronce in effect. If, for any -
<br />- � � •• � • ' reason, the mortgage insurnnce coveruge required by Lender lop�es or ccuses to be in effect. Borrower xhull pay the
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<br /> ' � � � � premiums required to obtain covemge substan�iully eyurvulent to the monguge insurunce previausly in effect, ut u cost
<br />_y;� ... �„ I substnntiully equivulent to the cost to Borrower of the mortguge insurunce previously in effec�,from un altemate mortgage �:_-
<br /> - insur+er approved by Lender. If substnn�iully eNuivulent mortguge insuruncc covemge is nat uvailable,Borrawer shnll pay to -
<br />���` . . . ; I Lender each month u sum equul ro one-twelflh of the yeurly monguge insurance premium being puid by Borrower when the
<br /> :'� • ' � insurance coverage lapsed or ceased to be in effert. Lender will uccept.use und retuin the�e puyments as u loss reserve in lieu _
<br /> �.�� �f, � of mortgnge insumnce. Losx reserve payments muy no longer be required,ut ihe option of Lender, if mortgage insurance —
<br /> _ -�G' covernge(in the amount und for the period tha�Lender reyuires)pruvided by un insurer upproveJ by Lender ogain 6ecomes �.
<br /> -�.�.+d+i„`:�`%' `� � availuble und is obtuined.Borrower,holl pay the premium�reyuired to muinu�in mungage in�urnnce m eifect,or to provide,� �`�
<br />_-_ -i loss reserve,until the reyuirement fnr mongage inxurance ends in nccordancr with uny written ugreement between Borrower
<br /> and Lender or upplicuble law. �✓
<br /> � , 9. Inspectlon. Lcnder or its uEcnl muy makc rcuu�nublc entricti upun und inspectians of the Property. Lender shull �
<br /> • . � give Borrower notice ut the time of or prior to un inspection sperit'ying reuxnnuNle cuu.e tix ihe in.�xction.
<br /> .� � 10. Condemnedon. The praeed�of any uwurd or claim fur danuigcs.Jircct ur ronseyuenti•rl,in connection wilh uny
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