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<br /> - _ periads that l.ertder ra�uires, The insurance curier provlding Ihe insumnce shall be chosen by 9orrower euhject ta Lenderl�
<br /> -: , apprnvaJ which rhall nd be unrrr.asonably withheld. !f Homnwer fails to maintain coverago descr�bed above,Lender moy,at
<br /> - I.endrr's optfon.obtein coverage tu protect Lender's rights in the Propeny in occordunce with parogrnph 7.
<br /> A1 I insurance policles and rcnewals ahell be Acceptuble to I.ender ond shall include n swndord mongage clause. Lender
<br /> ;;� shall have ttie right ta lald Ihc policies wid renewals. If Lender requires,Bomnwcr ehall pramptly give to Lendcr all recefp�s
<br /> •�;:���� ' of paid prcrniums and rcrtew�l notias. In the event of lass,Borrower shall�ive prompt notice ta the insurance carrier md
<br /> l.ender. Lender may r�ulce proof of tnss if not made prompqy by Barrower. _
<br /> �'" � I i Unless Lender and Bortower olhenvise agree in wdting,insuronce praceeda shall be appiied ro restoradon nr rcpalr ot
<br /> ��'' the Ptoperty damaged,if the rea�oration or repair is economicully feasible und l.enderk secu�fry IR not lessened. If the
<br /> � ----- restorotion or repair is not aonomically feasible or Lender's xecunty would be lessened, the insura�ce proceeds shall be
<br /> �g�� applied to the sums se�ured by thie Security Instrument. whelher or not theo due.with any cxces.s paid to Rorrower. If
<br /> �� Borrower abandons the Pmperty, or dces not anawer within 30 deys a notice from Lender thnt 1he insurance ccurier has
<br /> "�""`�=^u� affeted to r.enle a clnim,then Lender mAy collect the insurence prcxeeds. Lender may uu the proceeds to rcpnir or restore
<br /> 9 4—�'�'y�� the Aroperty or to pay sums iecurcd by thic Security Instrument,whether or not thcn due. The 30-day period will begin when
<br /> __--°,=F=.�- the nodce is givcn.
<br /> ��v�L+s� Unless[.ender and Borcowcr otherwise agrec in writing,any application of proceeds to principal shnll not extend or
<br /> '�� ����� postpone�he due datc of the montnly payments referrcd to in paragrephs 1 And 2 or changc the amount of the payments. If
<br /> , _,_;;.,,;,.';.;� � � under patagtaph 21 the Prapeny is acc�ulred by Lender, Botrower's right to any insurance policies and proceeds resuldng
<br /> from damage to the Property prior to the acquisition shall pasa to l.ender to the extent of Ihe sums secured by�his Security
<br /> -i •'' °' �+ [nadument immediately priar to 1he acquisition.
<br /> <�v:h,; �•:+� 6. Occupancy, Preservwdon, Mointenance and Protectton of the Prope�ty: Borrow�r's l.oan AppllcAtbn; -
<br /> - �,::'. I.easeholds. Borrowershalloccupy.establish,and use the Property us Borrower's pdncipal residence within sixry days after
<br /> �'�_��°:�=;,�:;'" the execuiion of this Securiry lnstrument and shall cauinue to occupy the Propeny as Borrawer g principal residence for at
<br /> ��� least one year after the date of accupuncy, unless Lender otherwise ugrees in writing, which consent shall not be
<br /> -�'���;:,4�'��'t;;t:�� unreasonebly withheld,or unless extenuating circumstances eaist which are hayond Borrower's conirol. Harower shell not
<br /> _ ��.'�:'�t.,.i,;a> destroy.damage or impair t6e Property.allow the Praperty to deteriorate,or commit waste on the PropeRy. Borrower shall
<br /> �— be in default If eny forfeiturc action or proceeding,whether civil or criminal,is begun thal in Lenderk gaad faUh judgment
<br /> -_ . � ' �""•R' could result in forFeiture of the Property or otherwise materinlly impair the lien creared by this Securiry Instrument or
<br /> _� �' ` '� '�. Lender's security intercKt. Borrower may cure auch a default und reinstate,as provided in paragraph l6,by causing the action
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<br /> �.��+�'►� � •�''.�`� or proceceding to be dismissed wilh a niling that,in L.endera gaod fnith determ�na�ion,precludes forfeiture of tha Borrower's
<br /> ��'''•����''"'";'��^�� interest in the Property or ather material impairment of the lien created by this Security Inswment or l.ender's security
<br /> — _ interest. Borrower siull also be in defAUlt if Borrower, during the loen applic�uion process, gave materlally fulse or -
<br /> ��:�;,:�^; inaccurate informadon or Rt�tements to L.ender(ar failed to provide Lender wl�h any material informadon)in connection whh
<br /> ,:� ��� • the loan evidenced by the Note, including, but not limiteci ta, representations concrrning Sum,wCrb u�;cup,uicy ot' ihe
<br /> u�+��, Property as a principal rcsidcnce. If�his Securiry Inslrument is on n learehold,Borrower shall camply with all the provisions
<br /> -::_� '" of the Icase. If Borrowcr acquires fee title to the Propeny,the leasehold s►nd the fee title shall not merge unless Lenver agrees
<br /> _.—�.`"'�t�. ` �' •� E to the merger in wri�ing.
<br /> �i;� . :, ;,: ,a" , 7. Protectlon d I.ender's Rights in the Property. If Borrower fuils to perfortn the covenants and agreements
<br /> -- contained in this Securiry Inswment, or there is u legal praceeding that may signif"tcantly affect Lenderr rights in the
<br /> �� ,�j ,, � � • Property(such as u praeedin�in bankruptcy,probate,for candemnation or forfeiture ar ta enforce laws or regulations),then
<br /> --�. :;W„ . � _ L.ender mny do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property.
<br /> ,,. ' ..,��., Lender's ac�ions may include pnying any Fums secured by a lien which hus priorfty over this Security lnstrument,appearing =
<br /> ':��wra„-..:.-.: in court,paying reasoneble attomeys'fees nnd entcring on the Property to make repairs.AUhough Lender muy take action -
<br /> - t = . ..r="_-�' under thfs paregraph 7,Lendee does not have to do�o.
<br /> ..P•��::-:. ,�a►� Any iunounts disbursed by Lender under this parngruph 7 shall become additional debc of Borrower secured by this `
<br /> ' :�,�.. • ;,;,; Security lnstn�ment. Unless Borrower nnd Lender ugrec to other tcrms of payment,these amounts shall bear interest from the _
<br />-- � , date of disbursement at the Ncxe rWte and shull be puyable,with interest,upon notice from Lender to Borrower requesting _
<br /> _ '�,...: • . payment. _
<br />_: � ,•_�,�••• • ..,; 8. Mortgage Insuraace. If Lender reyuired mortguge insurunce u+a condition of mnking 1he loan secured by this
<br />'`- -., _ Security Instrumem, Borrower shull puy the premiums reyuired to muimt►in the mongage insurance in effect. If,for any
<br />_ ' . reason. the mon�nge insuronce covernge required by Lender lupses or ceases to be in effect. Bortower �hull pny the
<br /> -.i,o ., � premlu�na required to obtuin covemge substamially eyuivulent to the mongnge insurance previously in effecl, at u cost _.
<br /> , s substantially equivalerx to the cost to Bcxrower of thc monguge insur;u►ce previously in effect,from an al�emnte mortguge
<br /> . insurer upproved by Lender. If substuntially equivulent mortguge insurance coveruge is nat nvuilable, Borrower shnll pay to
<br /> • . '- • Lender each month a sum eyuul to one-twelfth of the ycnrly mongage insurance premium being paid by Borrower when the
<br /> � *�!�"'�' °`• insurnnce covernge Inpced�xce�ved�n he in effect. Lender will accept,u.r•e und retuin these pnyments a+n loss reserve fn lieu
<br />-� � ,. of mortgage insurance. Loss reserve payment,muy no langer be required,at the option of Lender, if moAgoge insurAnce
<br /> �` �. coveragc(in the amouwt and tor Ihe period that LenJer rcyuirexl provided by an in�urer upproved by Lender Ugain becomes
<br /> '�,.. � . uvnilable and is obmined. Borrower shal l pay Ihe prcmiums nyuireJ�o maintain monFaFe inxurunce in effec�,or ro provide A -
<br /> , �� ' .��' loss re�erve,until the reyuircment far mortgagc insurunce end�in uccordnnce with uny written agrcement between Borrower
<br /> • and Lender ar ppplicu ble luw, -
<br />- ' ° ° 9, Inspection. Lender or its agent muy muke reuwnabl�entries upun und inspec�ions of the Property. Lender shall _
<br /> ' give Borrawer notice ai the time of or priur to:u�in+pection.pecifying re:Qtm•rble cuuce ti�r thr inspection.
<br /> � � 10. Condemaatbn. Thc prucred�of any uwurJ or cl•rim ti�r J:unagcti,Jirrct ix consryuential,in connection with uny
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