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<br /> - — � periods that Lendcr rcqufrea. 71�o insurance corrlcr praviding�he in�urance Khall be cha�en by B�rrower eubject ro Lenderk
<br /> -""'� epproval which�hAll not be unreasonabiy wi�hheld. If Iiorrawer fuils to maintain covero�e dewcrfbed above.Lender may,at
<br /> -- L.ender's nptiaa,odlain cuvernge to pratrct Lenderk nghtR in the F�mpeny in acccmianre wiib parag�aph 7.
<br /> ?^�••' `� All insuronce policie4 and�enewula xhull be ncceptnble ta Lender und shull include u sturtdurd m�rlgAge clau�e. Lender
<br /> ehall have the�ght to hold the palicies nnd renew�ls. If Lender requirer,Barrower shaq promptly give to Lender ull mcelpta
<br /> of paid prcmlums srnd renewul notices. In the event of loss, Borrnwer rhull�ivc prompt natico to thc insurunco carrier and
<br /> Lender. Lendtr may make proof of loss if not muJe pn►mpdy by Borrower. _
<br /> • Unless Lender and Borrower otherwlse ugrec in writing.inxuruncc procecds�liull be applied�o restoratian ar�epair of
<br /> ^ tha Property dwnaged. if the restoration or repAir is economkolly feagible and Lenderk secur�ty is not lessened. If the
<br /> �ti r�ataration o�reps�ir is not economically fesisible or Lender 4 security would he lesscned. the innurunce pracceda shall be
<br /> _ -- _-�___._ � .�., opplied to the sums securcd by this Secur�ty Insuument, whether or not then due,with uny excess paid to Borrower. If
<br /> Borrower abundons�he PropeRy, or does not unswer w�thin 30 duys a notice from l.ender thnt Ihe insurs�nce carrier hus
<br /> --�r�; offered to senle a clnim,then Lender muy collect the insuronce proceeda. l.ender may use the proceeds to repnir or restore
<br /> j��;„�.� the Property or to pay sums secured by this Securlty Instrument,whether or not then due. The 30-doy periad wjll begin when
<br /> a;�;r,�� ihe notice is given.
<br /> ��:�.,,; --•� Unless Lender end Borrower otherwise agree in wrlting,uny upplicotion of proceeda to principal shall not eatend or
<br /> —��'�'�'�� poatpone the duc date of the monthly paymen�s nefemcd to in parngraphs I and 2 or change�he nmount of the pAymcnts. lf
<br /> ��.,,. y�_ : under paragraph 2l the Property is ucquired by Lende�. Borrower's dght to any insurance polickx and proceeds resulting
<br /> ��. ���� ^ from damage to the Properry prlor to the ncquisition shall puxs to Leeder ro the extent of the sums secured by lhis Security
<br /> �"�2;�,,;, Inspument immediately priar to the uequisition.
<br /> - 6. nccupancy, PreservAdnn, Maintenwnce A�d Protectton of the Property; Borrower•s Lown AppllcAtian;
<br /> °'� ��4-~-��-°` �"' '� Leaseholds. Borrower shull occu egtublish,and use Ihe Pro as Born►wer's rinci al residence within sixt da s after
<br /> s.e.-�_e�. ..,...r„r,. PY• Pem' P P Y Y
<br />� _ � , _;"x;,� the execulion of this Secu�iry Instrument and shall continue to occupy the Propeny a.g Borrower s principul residence far at
<br /> , ' least one year nfter the dnte af occupancy, unless Lender othenvi�ee agrees in wriling, whkh conse�t shall not be
<br /> • , � unreasonably withheld,or unless extenuating circums�uncea exist which ure beyond Borrower's control. Borrower shull not
<br />, �• .;•"a� 'Y°�"°^ desKoy.damage or impair the Property,nllow the Property to deteriornte.ar commit wn.gte on the Property. Bomower shall
<br /> .. `� 6e In defAUlt if any forfeiture action or proceeding,whether civil ar criminal,is begun that in Lender's good fuith judgment
<br /> � .~ " �•= could result in forfeiture of the Property or otherwise meterinlly impair�he lien created by this Security Instrument or
<br /> • ����, . ;. � � Lender�s security interest. Borrower may cure such a default und reinstate,ac provided in paragraph 18,by causing the ac�ion
<br /> ' � ' or praceeding to 6e dismissed with a ruling that,in Lender a gaod fnith determinution,precludes forfeiture of the Borrower's
<br /> n �, . � � ,�� � interest ln the Praperty or other materiul impairment of the lien created by this Securiry lnstrument or Lender's r,ecurfty
<br /> � • interest. Bortower shall ulso be in defnult if Borrower,during the loon applicotion prceess,gave materiully false or
<br /> " , � '' �� ����� inaccurate infortnation or statements to Lender(or failed to provide Lender with any material information)in connection wlth
<br /> - - ;=°i:t'-"",="=-_=='-'°`�- th� toars cvidcnccd by thc Abte, inclading, but not limited to. repstsentations conceming Borrowerv occepancy of the
<br /> � � Property w a principal residence. If this Securiry Instrument is on a leu,ehold,Borrower shall comply with ull the provisions
<br /> ,: ���°��'==-=.��=�--- of thc Icusc. If Sonaw•cr Acquires fcc iitic to thc Property,thc lea;ehold and the fee title shs!!not merge unless Lertder agrces
<br /> " to 1he merger in writing.
<br /> 7. Protectton of l.ender's Rights in the Property. !f Borrower fuils to perfortn the covenants and agreements
<br /> . '' '0� contciined in this Security Inatrument. or there is u Iegul proceeding thAt moy significantly affect Lender's rights in �he
<br /> � Property(such as a proceeding in bankruptcy,probate,for condemnntinn or Pnrfeiture cx m enfnrce lews or re�ulations),�hen
<br /> ."•�•� • I.ender may do und pay for whatever is necexsnry to prarect �he vAlue of the Propeny and Lender's rights in�he Property.
<br /> ° Lender's actlons may include puyiog any sums secured by u lien which hAS priority over this Security Instrument,pppearing
<br /> ' � '. ��� � fn court. paying reasonnble uttorneys'fees und entering on tbe Property to make repAirs. Although Lender may tuke action
<br /> ` � , ..^ ��;,,A under this pamgrnph 7,Lcnder dces not have to do so.
<br /> � ��,� Any amounts disbursed by I.ender under thix puragraph 7 shall6ecomc udditianal debt of Borrower secured by this
<br /> ��•�`=�-� - Sccurity Instrument. Unlcss Borrower und Lender agree ta other terms of payment,these mnounts shall bear interest from the
<br /> F� ' "' "' dste of disbursement ut the Note rAte und shall he payuble,wfth interetit,upon notice from Lender to Bonower reyuesling -
<br /> ,�• °, . ,, puymcnt.
<br /> r�� �,,;,,,:, _ .° $. Mortguge Insuronce. If Lcndcr reyuircd mortgugc insurancc us u condition oF inaking the loan secured by this
<br /> f •.r.� : ° Sccurity Instniment,Borrower xhull pay the premiums requined �o maintoin �he martgage insurnnce in effect. If, for any
<br /> f . �` . reason, the monguge insurnnce coveruge reyuired by Lencler lapsex or ceaseti to tie in effect, Barrower shall puy Ihe
<br /> � premiums required to obtain coverage tiubs�untially eyuivalent �o the mortguge insurunce previously in effect, at u cost
<br /> _ substuntially equivulent lo the cast to 8orrower of�he mongage insurance previously in effect,from an ultemute mortguge
<br /> . . insurer npproved by l.ender. If substuntiully equivulem monguge insur�nce coverage ir not uvuils�ble. Borrower shnll pny tu
<br /> Lender euch month a xum eyual to onc-twclfth of thc yeArly mortguge insurunce premium being paid by Borcower when�he
<br /> �.�;� insuruncc crneragc lup.ced or ceased to lx in effect. Lender will uccept,use und rctnin theze puyrnen�s s�s a loss reserve in lieu "
<br /> ;9 � �' of mortguge insurunce. l.oss reserve paymems muy no longer lx reyuired,n� thr option of Lender, if mort�age insurm�ce _
<br /> .. covernge(in d�e umount and for the period thut Lender rcyuire.)provided by un insurer approved by Lender again 6ecomes
<br /> • '� `� • uvnilAble and is obtuined.Borrowcr shall pay the premiums RyuinJ to maintuin monguge insurance in ei'fect,or to provide n �
<br /> ,. '�''� `'" loss reserve.until the n:yuirement for mart�oge insurance end+in accordance with any written ugreement between Borrower _
<br /> • . , � , and Lcnder ur upplicublc luw. f
<br /> � 9. Inspection. Lender or its a�ent may mukc masunanlc rntries upm und inspertion.uf the Pn�peny. Lender shull
<br /> .. give Borrower notice ut�he time of or prior to�n inzFx;rtion sFxcifyinF rcu+onable c�u,e ti►r�he in.pection. _
<br /> � 10. Condemnolion. The prcxecdti of any:iwurd ar rlaim tiir d:�mugrti,dircct or run.�qucntial, in connrction with any "
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