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-�i..-�-�----- -. . . . . � - ---�--.� __..._M _�.__—��-•-�_ � -- �-- ---7 ---- - -- • �. � ' - .. _ , ��_ --_ �_- _ .'—"----.:.o:.. . - . . --_- --� . . . . .. . . _ -_ . , . , .�_,....'_.'_'_._ __ _ _._.__ . . . . _ti . .. .. . . . . __I:. :`1.i — —_ . t� �i ��5�4�"'�r� S. tWc�rd ut� pru�ayriy traawauci. &xi.►K�r �t�il k�,p ttic in�a�•cnknis n:3w� cxiuin� un c�rraitcr ercYte�i an thr F'�rupcny insuRY!�ai�w i�us h�• ii�r, turrsy liklu��t withip t{ti.^ tctttt "exte�kla! m�•eraae" stx!any �Kher hazanls. inc{udinv flu�xis w flu,xli��, fw whi�h lraxlcr rcauinx i�uur,uicc.'fhis lnsurance shall t+e maincaiixvl in thc:uixwnts�r�J fur tt�ptria[s Qwt t.rixkr ��lyuit��. Tt� iiuur;uka.i;rkr pra�i.iing t;tic in.ura�:stw!!b: ch:u:n by&uroker sssbjeri cu l.e�x:e�'s appnava! which shall nat tr unrcxK►�ubty withheld. lf Burrower f�ils to �ti�intsin cciveruge�scribal:ibo��e. 1.c�sJ�:r auy. at Luxkr'a option,c�btain�Yn•crag:to protcct Lender's riglu� ia ihc: Pru}xrty in�ccueJuxY w�ith�:u':t�r:��h 7. All i�awraixe policirs and renewais slull be uc�epu�ble co L.eixler:ux! shall i�xlwk +st�xL•ud owrt�u�e clause. Lervkr shal!ha�•c thc right cu hoW ihe pollcies�nd cecxv►�als.If I.ender require�,Hanow•er�hall promptiy Sir•e to Ltnder a!1 rcceiptc of paic3 Premiums v�d renewa!notices.In the eveiu af loss.Borrawer sl�lt give prompt�wtice w the iauurat�x csu�ier aaci L�odor. Learler may make pnwF of Icus if not nta�te prai�tly by Barrow�er. Unless Leitder and Borrow•er atherwise�ree in writing,i►Lwran�,�e ptac��shall be applied to rcstaration or rcpair of the PmpertY dvY�ed, if the reuoration or repair is eccu�oinicslly featiibk und l.endcr's securit�is aot less�nod.If the rtstoratio�or repzir is not econonuc�l{y feasible or Lender's security w•ould be lessersed.the insurance proc�eds shall be apEslied to the wcns securod by this Security I�trument, whether or not thea due, with any excess paid to Borrow•er. If&xrower abtixbns the Pm�eny, w does not�uw•er w•ithin 30 days a noticc frau Lender thai the insur�..nce carrier has of'fued to settle a dstim.tbon L,e�ufer m�y rn!lect the inwrince procceds. Lender ntiay use the proceeds to repair or reuore the Property or W p�y wms secured by this Security Insttument,whether or not then due.The 34day period will begin when the notice is given. Unless I.�ndcr aad Borrov►er otherwise a,�ree in writing. any applicatior� of proce�ds to principal shall aot extend or posipone the due dste of the nwnthly payments referred to in par�graphs 1 and 2 or change tb�amount of the payroents. lf under p;u�agnph 21 the Property is acquired by i.ender. Borrower's right ta any inwrdnce policies and proceeds res�ilting from dain�ge to the Property prior to thc acyuisitiou shall p•rss to I.cnder to tt�extent of�he su�socured by this Security Lutrumcnt imu�diately prior to the xyuisition. b.Oaup�ncY, Preucvatim.Ms,iatt�nce aad Ptvtectloa of tbe i'ropaty,Burrow�r's Latn Applicstion;I.eas�olds. Borrower shall axupy,establisb,and use the Property as Borrower's principal re�iderice within sixty days after the executioa of ` this Serurity Inst�u and shall ootuinue to axuPY ��Y��wer's pri►xipal residenc�e fot at least one year aRer the d�tr of occupzncy,unless I.ender othenvise agrea in wridag. which ooasent stwll not be unnasooably witAheld.or stNess exterstating circiunctancxs exist which are beyond Borrowcr's coutrol. Borrow•u sh�ll not destmy. da�►vage or impair the Property. allow the Property to deteriorate, or conuiut wa�te on the Property. Bomower shaU be in default if any furfeiwre action or prooeoding.wisether civil or criminal, is Degun that in Lender's gaod faith judgmd�t could ttisult in forfattu+e of the Propecty or othenxisE materi�lly imp�ir the lieu c.-sc�ted by thia Security Instrument or Lender's socurity int�rrsi.Borrower may • cure suc�a ckfauft a�reinstate.as provided ia par�grapd 18.by causing the xtion or proceeding to be dismissed wiUk a niling th�tt, in.Yxndu's good faith detem�in�tion. procludes forfeitcse of the Borrower's interGSt in the Property or othrr materia! � impain�eiit of the lien creata! by ttus Socuriry Iauuument or L�.nder's security interest. Borrowcr shall also be in c�fauit if Borrower.during the loan applieation proeacs.gave materially false or ia3ccuc�te infom�tion or s:3...�^«to Letxkr(or failod to provide Leader with any mrterial inf�m�ationj in oormectioo with tbe loan evideaced by the Note,inctudiag.but aot limitod i ta.represent�tior�s couaming Bomowu's oecupancy of tLe Property as a principal resideacr.If this Security Luuun�eat is oo a _ �-kasehotd, Borrower sA�11 compCv k.iW all tbe p[dvisioas of tt� te�e. tf liorrower xquitey tee titte W tae l�tity.UIE _. -- - ' Ieasd�oW and the fx tide st►�ll not merge unles,�I.ender agroes to the merger in writing. ' l 7.Prota�tion oi Leodtr's Ai�6ts ta the Yta{�n�ty.If Borrower fails to perform the coveoants and agreements oonta�nod ia this Savrity Inctrua�u. or their u a legal prac�+ading tl�at may signit�icandy affect Leader's rights in the Property(such at a prooecding in b�akruptcy.probace.for cor�demnati�b or forfauua or to eaforoe laws or regulatioas). tt�cn Lendu a�ay do aad : WY for Rhauver is accesstiy to protect the v�le�e uf the Propzccy�nd l.ender's rights w the Propetty. I.esider's xtioas auy iaclude paying any sums sccumt 1� a lien which hag pcioatc: over this Securiry Inurumtat, appearing in oourt, paYing ro�sonabk attorneys'fas and erueria�on the Proixrty to mske repairs.Althou�hh Lcnder c�y talce action under this P�'+8� 7.l�eader does oot t�ve to do so. My �mouats disbursod by Lcndcz under this par�gr,�p� 7 shall ba.�e additioo�l debt of Borrower secwrd by this Socurity Instrument. IIalatc Borro�er and I�r�groe to atiter iereis of paymeat.these "w,••^�� shall b�r interest fcom We .. date of dislwrsement at the Note�ace and s�ll be payable.v�ith iaterest,. upon notia from Itncler to Borrowa roR�inB .. WY�• �� 8.Mort�a�e Imvcaaoe.If I,ender requirai mortgage :�.��as a a�ndiaon of makinY tbe loan sea,vred by this Securiry - Iagtruaxat. Boirower sl�ull pay the premiums required to m�;^r,:n ttze c�ortgage iasuraaa in effax. If. for wy't�eason. the aartgs4Se insuraace ooverage required by Laider lapses or ce�es w be in effect.Borrower shall pay the preaiiums reqnired to . obtaia oover�ge wbstantially equiv�lau w the mongage insur�noe previously in effoct.at a ooat substaotially oquivai�+ot tq the Co�t�O BomDwel of the moitgage i*+�+�*+�Y prcvioasly in effxt. from an alt�mate mortg�ge inuuer apgroved by I.eader.If � ; substarstially equivaIent r�o�tgage inwranc�ooverage is mt av�ilable.Borrowu sh�11 pey to Lender cach month a sum equal W ° wie-twelfth of the yearly mortgage iasurance premium 6eiqg paid by Borrower when the it�sur.ma coverage l�psed or oeased to 3 be in effect.I.eader will � accept•use aad mtain these paymeats ac a loss receive in lieu of mort�e ia�uance. Locs reserve ! -: Foem 30Ti 9V9G Wq3ot6 __ r y