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<br /> :'----__ _ _ — ' � • �� W L,endel'�
<br /> =-- - --- - -- pedods that Lcndcr ncquirca. 'Ihc Insuronce catrFcr procfding thc inswnnce shall be chn.u�1+Y����M�
<br /> _ _ ��mvRl which Rhell not be unneusonablv withheld ]f Borrowee•fails to maintain covcroQe descdbed a ve. ndar may.at
<br /> - - - • Lender'a option,obtain coveregc to protect l.ender's rights in thc Property in eccordance wlth parag�ph 7.
<br /> - All insurance policies and rcnowals ahall be suceptable to Lcnder and shali include a standard mortgage clauce. Lender
<br /> shell have the right to hald the policiea And�newals. If l.onder roquire�.Borrower shall promptly give to I.ender all rcceipta
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<br /> of aid remiums and nnewal notkes. In thc event af loss,Bormwer shall give prompt noticc to the insurance carrier and
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<br /> � — - nder, Lender mn make f of losa�f nW made promptly by Borrower.
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<br /> ,,,_,�— — Unless Lender end Borrower othenvise agrce in writing,insurance praceeds shall be applied to restorutian ar reppi�of
<br /> -=— the Propeny damaged. if the restoration or repair is ecanomically feasible and I.enders security ls�w leasened. If the
<br /> - restoration or ropair is not econamically feusible or L.enderk security would be less�ned. the insurence praceeds shall be
<br /> ����� applied to the suma secured by this Security instn�men! whether or not then due.with any esceas pald to Borrower. IP
<br /> .-.,�•________i, 8orrower abandons the Property,or dces �ot answer within a0 days a notice from Lender thet the mcurance carrier has
<br /> offered to settle a clnim,then Lender may collect the insurance proceeds. Lender may use the proceeds to repsir or Rstore
<br /> --- =r::a1�:7��■ the Property or to puy sums secured by this Security Ins�rument,whether or not then due. The 30-day period wlll begin when
<br /> ��'�F.�r. ihe notice is given.
<br /> i"'`'°'� Uniess Lender und Borrower otherwlse agree in writing, any applicatian of proceeds to principal shall not cxtend or
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<br /> ��. _� postpone the due date of Ihe monthly paymenis referred to in paragrnphs 1 and 2 or change the amount of the payments. If
<br /> ���'?�R�' under paragraph 21 the Propeny is acquired by I.,ender. Hortower's right to any inaurance policies and praceeds resulting
<br /> ��rr� from damage to the Property prior to the acquicition shall pass to Lender to the extent of the sums secured by thls Saudry
<br /> - lnatrument immediutely pdor to the acquisition.
<br /> --��'�'�` � b. (kcupAncy, PreservAtMn, Mai�teapace and Protectlon of the Propertyi Borrower's Loan Application;
<br /> � r�"'� Leaseholde. Borrower shall occupy.establiah,und use the Property as Borrower�s principul residence within sfxty days After
<br /> `� '�-""i�Y�++r. t:•�• tlie execution of this Secu�ity Insuument and ahall continue to occupy the Pmperty es Borrower»principal residence for at
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<br /> � '~�•� '�� �• ��`� least one year after the date of occupancy, unless Lender othenvise agrees in writing, which consent sha not
<br /> � ��..,7.. .: ��• • unreasonably withheld,ar unless extenuating circumstances exist which are heyond sorrower's control. Borrower shaU not
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<br /> _.�+• destroy,damage or impair the Property,allow thc Property to deteriorate,or cammit waste on the Property. Borrower shall
<br /> �+ � �`'"""`�� `,. be in default if any forf'eitune actian ar praceeding,whether civil or criminal,is begun that in Lender a good faith judgment
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<br /> �„ •%+�fi'„�?�,. <.. •y could result in forFeiture of the Property or otherwise materf�lly impuir the lien crcuted by this Sccurity Instrument or
<br /> -� '�" `� Lenderk securit interest. Bortower ma cure such a defnult und reins[ate,as provided in perngraph 1 B,by causing the action
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<br /> ,� ,";'�'¢'`�"�•y�;•'�'�� � or proceeding to be dismissed with a�uling that.in Lender s gaod fnith determinution,precludes forfeiture of the Borrov�er's
<br /> --�� �vii�rv.:�,Yw.�t�.�r� intarcst in thc Propecty or other materiul impairnxnt of the lien created by this Secudty Inatrument ar Lendera securlty
<br /> �� '- � `' `` interest. Borrower shull also be in default if Borrower, during the loan application process, gave materfally false or
<br /> _� "_��� inaccurute information or stacemen�s to Lender(ar fniled to provide Lender with any materlal information)in connection with
<br /> — .;,.;,..-:,.--�:,,y, the laan evidenccd by ihc Note, includl�sg, but not limited te, representnti�nc cc+nceming Borrower's occupency of the
<br /> - - ._:•.:�'..� Property us a principal residence. If this Security Instrument is on u leasehold,Borrower shnll comply with All the provisions
<br /> �' ,� "� •�t.c� ', af the lease. If Borrower acquires fee title to the Property,the leosehold and Ihe fec title shall not merge unless Lender egrees
<br /> ._��.. �.,,...��"• , to the merger in writing.
<br /> :�t: y�, � ° 7. Protection of Lender's Rights in lhe Property. If Borcower fuils to perform the covenants and agreernents
<br /> �,`{,t; �� �`='?�T� . • ..•�",;• contuined in this Security Instrument,or there is a legol praceeding thut muy significantly affect Lender's rights in the
<br /> -�,,;f ' Property(such as u proceeding in bankruptcy,probute.for condemnation or forfeiture or to enforce laws or regulations), then
<br /> �� � Lender ma do and n for whatever is necessa to rotect the vnlue of the Pro rt and Lender's ri hts in the
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<br /> --- � ' ' Lender�actions muy include puying++ny sums secured by u lien which has prlority over this Security Instrument,appearing
<br /> _.. : �,��,;�. ; � in court,paying reasonnble altorneys'fecs und entering on tha Pmpeny tn muke repuirz.Although Lender may tuke action
<br /> - -,.s,,, � F�• under this pnragrnph 7,Lender docs not have to do so.
<br />,_� ' ,R,,,: , ." ;,',� • Any amounts disbu�ed by Lender under this pumgruph 7 e:hall become udditional debt of Borrower secured by this
<br /> �,,�: ' ,r;-r:w•+,�. r�- Security Ins[rument. Unless Borrower und Lender ugrce ta other terms of payment,the.se umounts shall beur interest from the
<br /> �' "-"'� '�' '�°°`:"' dute of disbursement at the Note rute and shull be payable,with interest, upon notke from Lender to Borrower reques�ing
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<br />�.,� „ , . . • ., .., payment.
<br />- ;��,,.,.,,,,,,w,. 8. Mortgage Inauranee. If Lender r+equired mortguge insurunre u.ti u condition of making the loun secured by this
<br /> '�"�� K Security lnx�^�:nent, Borrower whall pny the premiums reyuired ta muintuin the mortgAge insumnce in effect. If, for any
<br /> �:s. '��"' a��"�° rea.con, the mortguge insnrance coverage required by l.ender lupses or ceuses to be in effect, Borrower shull pay the
<br /> ° � s�'�'u• •t�*•- premiums required tu oM.�in coveruge substuntinlly equivalent to the mortgage insurunce previously in effect, nt a cost
<br />- :.�, :t• substantiully equivulent to the cost tu Borrower of thr mongogc insurance previously in effect, from an altemute mortgnge
<br /> ' ��at.:�rw•=tl o� inxurer upprovcd by Lender. If subs�antiully eyuivulen�mortgugc insurunce coveraRe i.nut uvuilUble,Borrowcr shull pay to
<br /> �• Lender euch month a sum eyuu l to one•twe l ft h o f t he yeur ly mortguge insurynce premium bein g paid b y Borrower when the
<br /> �"+;�r �� � insurunce coverage lupsed or ceused to lx;in rffect. Lendcr will accept,uxe und retuin thesc puyments us a loss reservc in licu
<br /> of mortguge insurunce. Loss reserve paymems rnuy no longer tn rcyuircJ,ut the optinn of Lender, if mortguge insurance
<br /> . ". .:f � ' coverage(in�he umount und for the pericxf that Lender reyuirex)pmvided by un in.urer upproved by Lender ugain becomes
<br /> ���`� • av�ilAble nnd is obtained.Borrowcr,hull piry the premium,reyuirt�d ta muintuin monguge in+urunce in rffect,or to provide u
<br /> • ���� loss reserve,until Ihe reyuirement for monguge inxurunce end.in uccordnnce with imy written agrcement between Borrower
<br /> � �'� ~`� und Lender or applicuble luw.
<br /> '�� �• 9. Inspection. Lcnder or iis ngrnt muy mukc reusonable entric+u�►n und intipectianz of the Property. Lender shull -
<br /> y`� �, give Borrower notice ut the time of or prior to un ins{xrlion.pecifying reuwnablr ruuse for the inspection.
<br /> � . 19. Condemnotlon. The pra:eeds uf uny uward��r cluim tiir Jumugex.Jirect ur ronxeyucntiul,in connectiim with uny
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