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<br /> • period�tlwt Lcndcr requir��. Thc insurnnce carticr praviding�he ineurnnce xhull bc cho�cn by Borrower subJcct to L.ender'a
<br /> - approva!which shull not bo unnasonubly wfthl�cld. If Borrowcr fuils to maintuin covernge dercribed abnve.Lender mpy.nt
<br /> - -- L,ender'a aptian,obtain coverage to protect l.enderk r�ghts in the Praperty in accardonce with parng�ph 7.
<br /> � All insurance policieq and�nowals shall bo aceeptuMle to Lender uiul xhall iarlude u stundard mortgage clAUSC. L.ender
<br /> 'a�.•� shall have the�ight ta hold tho poticies und ret�ewals. If L.ender rcyuirex,Bnrrowcr�hull prompdy give to Lender all receipta
<br /> ���• of paid prcmiums and rcnewul noticex. In ihe event af loss,Borrower shall�{ive prompt notice to the insur�:e csrrler And _
<br /> - I.cnder. Lender may ma�e proof of losa if not made promptly by Borrower.
<br /> ��--�'+%- Unless l.ender nnd Borrower otherwiu Agree in w�iting,insurance pnxceda shull be upplicd to re��aration ar repair of r
<br /> "�'` ` the Pro�eAy damoged, if thc restorution or rcmpair is cconomicully fouxible aiJ LenJerk ►ccurity ir nut Icsscned. lf�he -
<br /> `���� _�.�,��s;.;;��;.,S�, %. restorenon or repair is not economicully feusible or Lender� ,ccu�ity would be lessened,the insurnnce prceeeds shall be
<br /> �;�i a c,;�ewj� npplied ro ttrc sums secuned by this Securi�y Instrument. whether or n�t then due, with any excess paid to Bortower. If
<br /> -�;��.,�:;s��►;�:,s�� Borrower abandons the Properry.or does not answer within 30 day� u notice from Lender that the insurance ca��ier ha.c
<br /> �'`4��"�'-�`� offercd to settle a claim,then l.ender mAy collect thc inaurance proceeds. Lender may u+;e the praceeds to rcpnir or restore
<br /> j=*=�•.� ,�r:.�;_��;� the Property or to pay sums secured by this Security Instrument,whelher or nat Ihen due. The 30-day period wlll bcgin when _
<br /> �—=-� -�� the rrotice is given. __
<br /> �� - V�y� Unless Lender nnd Borrower otherwise agree in writing.any application af praceeds to principul rihull not extend or
<br /> --� :�. •:•..)�••
<br /> ,,�. , postpone the due date of the monthly pAymen[s referrcd to in p�rngrnpha I und 2 or chunge the umount af the payments. 1
<br /> eS�~;x;:�;*;'�::,�� under puragraph 21 the Properry is Acquired 6y Lender. Borrower�right to any insurunce policies and proceeds resulting
<br /> — °W'��:::• from damage to thc Property pdor ro the acquisition shall paxs to Lender to the extent of the sums secured by this Security
<br /> ��#���k'' . ' Instrument immediately prior to the acquisition. --
<br /> -- • b. Oocupancy. Preservatlon, Maintenance and Protection ot the Propeny; Borrower's Loan Appllcwdon;
<br /> ' �* • Leaseholds. Borrower shull occupy.establish.and use the Property os 9orrower's principul residence within sixty days after
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<br /> -• � �., ,; � , :.. . the executiun uf this Securiry Instrument And ahall continue to a:cupy the Property as Borrower is principal residence for at -_
<br /> �• . least one year after the date of accupancy, unless L�nder athervvise ngrees in writing. which consent shal! not be _
<br />- .• �..',+` unreusonebly withheld,ar unless extanuating circumatances exist which ure 6eyond Borrower's control. Bortower shaQ not
<br /> , • ,.•�. destroy,damage or impair the Prapeny.ullow the Property to deteriixAte,ar commit wuste on the Property. Borrnwcr sholl _
<br />, ,,, . ;�� „ be ln default if any farfeiture ac[ion or prceeeding,whether civil or criminal,ix begun that in Lender s good fuith judgment
<br /> could result in forfeiture af t}ie Property ar olherwise materially impair the lien crented by ihis Security Instn.�ment or
<br /> � -�•�•�-�%x 1 x-nde.rk r,ecurity intetesL Barrower may cure such a default and reinstnte,Aa provided in pamgrnph 18,by causing the action �-=,.:
<br /> ° � 'Y ��� or proceeding to bc diamissed with a ruling that,in Lender's good tai�h determination,precludes forfeimre oithe Burruwer� �
<br />° `�""''�"�"'� ' interest in the Prapeny or othar material impairment of the Uen creuted by thix Security Instrument or l.ender's security
<br /> ' � ��q�`.�su: intereat. BoROwer shall also be in default if Borrower, during the lonn applicntion process. gave muterially false or
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<br /> inuccurnte information or atatementr,to Lender(or failed to provide Lender with any meterial information)in connection wf�h �^
<br /> '���w��a � Ihe loan evidenced by the Note, including, but not limited to, representutions concerning Borrower's occupancy of the —
<br />--_ ._ ..:�:;, _ _ . Property us a princlpul residence. If this Security InKtrument is ex�u kusehold,Borrower shall comply with all the provisians
<br /> ---.; �""T' °`- '� of the leu�e. If Borrower acquires fee eide�u tix Pru�rty.ihe feascltiold artd ihe fee tisle sha!!not tsstrge unless Lender egr�R -_-
<br /> t.":r.,_ :..,:.. ta the mergcr in writing.
<br /> � ������,� 7. Protectbn oP I.ender's Rights in the Property. If Borrower fuils to pertorm the covenants and agrcements
<br /> , ,�,:;;�., ' • eontained in this Security Inslrument, or Ihere is u Iegul praceeding thut may .r•igni�cantly affect Lender§ rights in 1he —
<br /> .. � e, � property(such as a praceedin�in bankrupicy.probate,for condemnution or forfei�ure or to enforce luws or regulalions),then _
<br /> Lender may do and pny for whatever is necessury to protect the vulue of the Property und Lenderk r�ghts in the Propedy.
<br /> " R�• . ... Lender 4 actions may include paying:uiy sums secured hy u lien which hus priority over this Security Instrument,appearing �^
<br /> , ' .� .• � :�. . in caurt,paying reusonable attorneys'fees und entering on the Propeny �o mnke repui�. Althaugh Lender may take action
<br /> '� " � under this parngraph 7,l,ender dces not have ta do xo.
<br /> ��, � ,,�, ;� Any umountti disbursed by Lendcr under this parugraph 7 shall becume s�dditianal Jebt of Borcower secured by this ��..-
<br /> _�' , . Security Instrument. Unless Borrower und Lcnder ugree to other tcrni�ot'puyment,thc�c umoums shull beE►r interest from�he vr__�-
<br /> �� date of disbursement ut the Note rstc und shall be payuble. with interex�, upan noticc 1'rom Lendcr to Borrower requesting
<br /> �?' ' � puyment. =—
<br /> r' ' ��'�� �� �� 8. Mortgage Insurance. IF Lender required mortguge insurnnre us a condition of mnking the loan secured by this
<br />� ' � .. . , ° Security Instn�ment, Borrower xhall pay the premium, required to muimi�in the moAguge insurunce in effect. If,for any _
<br /> ' t reoson, the mortgage insurunce coverugc reyuircd by Lcndcr lupscs or reaties to Ixx in effect, Borrower shall pay the
<br /> 4.;�� prcmiums requircd to obtain covrruge substantiully eyuivulent to the monguge insurunce previously in effect, at a wst i._
<br /> ':�:;• xubstantiully equivulent to the cast �o Borrower of the mon u e inxurnnce rcviousl in effect,from un Altemate mort o e
<br /> S B p Y S B �:.;,
<br /> • • insurer approved by Lendcr. If substuntiully cyuivulent monguge insuruncc coveragc is not uvuilable,Borrower shall pAy to
<br />. c •� Lender eurh momh c�sum cyual to one-twclfth of�hc yeurly mongugc insuruncc prcmium bcing paid by Bortower when the
<br /> � " , insurance rovernge lopxed ur�eused to be in effect. LenJer will uccept,use•rnd reluin Ihese payment�us a loss reserve in lieu
<br /> ' ' ' -- ''- • .. of mortgage insurunce. Loss reserve puyments muy no lunger he rcquired,ut �he opiion of Lender, if moAgage insurance
<br />. coverage(in�he umount und for thc period�hai Lcnder reyuiresl pruviJcd by un insurcr�►pprovcd by Lender usnin becomes -_
<br /> `.;;;�:...,;... uvuilable und is obtuined.Borrower,hall pay the premiums reyuired to maimuin mungugc insurunce in effec�,or to provide a 1�=��
<br /> _ � loss re�ervc,until the rcyuirement tbr moitguge insurunce end,in uccordunce with any wri�trn agreement beiween Borrower
<br /> � • nnd Lender or appliruble luw.
<br /> 9. Inspection. Lcnder or itx ugent m:�y m�kc reu.onuNlc rntric.u�m unJ iiu�rtions af thc Property. Lender shnll ,._
<br /> � y". give Borrower notire at thr time of ur p�ior w;ui imFxction.prcifying rcuxonuhle cau�r li►r thc insp�rtiun.
<br /> ��. ° 10. Condemnation. The pnxceds of any:�ward or rlaim fi�r Jamug�+.dircrt nr run�ryucnti•rl,in r��nncction with any
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<br /> �i' Gre�l wtei eux�nrs va,ro.�nt■ .
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