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<br /> ��-' periada that Lender rrquires. TBa inaurenco cartier providing the insurance shall be chosen by Borrower subject w i.ender's
<br /> __ _ _ n�+mvHl which ahnll nnt M unreasnreaMly witfiheld. If Horrowe�falls to maintain coverage described above,Lender may,at
<br /> Lender's option,o6tsin coverage to protect Lender's rfghts in the Property in accordence with paragrnph 7.
<br /> All insuranca policies und renewals shnit be ucceptable to Lender and shall include a standerd mortgage clause. Lender
<br /> shall have the right to hold the policies and renewuls. If Lender requires,Borrawar shall promptly give to Lendcr all receipts
<br /> _ of paid p�emiums and renewal notices. In the event of loss,Borrower shall glve prompt notice tu the inrurance carrier and
<br /> - _ Lender. Lender may muke proof of losv if not made promptly by Borrower.
<br /> � r~� Unlesa L.enJer and Borrower atharwise agree in writing.Insurance prceeeds shall be applied to restoration or repAir af
<br /> .`� .�. ,- ���:: ,, tha Property damaged. if the restorauon or repair is ecanomicully feosible and Lender's secur�ty is nat lessened. If the
<br /> --- testoration or rcpair is not economicdly feasible or Lender:s security would be lessened, the inaurance proceeds shall be
<br /> __ __ : __� appfled to thc sums secured by this Security lnstrument.whether or not then due.with any excess paid to Borrower. If
<br /> - _ � * ��° r Borrower abundons the Property. or does not anawer within 30 days n notice from Lender thut the insurance carrier has
<br /> s�'•�:� offered to settle a cluim,then Lende�may collect the insurance proceeds. Lender may use tha peoceeds to repair or restore
<br /> "0"�'�'�.•.�� ihe Propeny or to puy sums secured by this Secu�ity lnatrumen4 whether or not then due. Tfie 30-day period will begin when
<br /> _°'i��M"`r�°� the nodce fs given.
<br /> �--� ++�,c:b�-+�. Unless Lender and Borrower otherwise agree in w�ting, any applicution of proceeds to principul shall not extend or
<br /> �`:.•'�' postpone the due date of the monthly payments neferred to fn ps+mgrapha 1 and 2 ar change the c+mount af tha paymenta. If
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<br /> . y�{?�:�',�.�� under paragrnph 21 the Property is acquired by Lender, Borruwer's �ight to any insurance palicies and praceeds resulting
<br />�''�` �'-��� from damnge to the PropeRy prior to the acquisition ahall pass to Lender to the eatent of the suma�secured by this Security
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<br /> �y¢�, Instrument immediutely pr�or to the ucquisition.
<br /> �-�T,��„3�-��.., . 6. Ocenpancy. PreservAtion. Mointenpnce and Protectbn ot t6e Property; Burrower's I.own AppllcaUon;
<br /> _—��.=E:s,,.a ,.,_,,;y °� I.eASeholda. Harrower shall accupy.eatubliRh,und use the Property nx Burn,werw prh►cipul residence wlthin�:ixry duys after -
<br /> '` ��=��� nw:..� -d•;: the execution af this 3ecurity Instrument and shall continue ta occupy�he Propeny uc Borrawer ic princip�l residence for at
<br /> ��� ;�� :�` a ,•' '':� � kAat one year ufler the dutc of occupuncy, unless Lender atherwise ugreea io writing, which conRent shull not be
<br />- ° '' unrcurcxiubly withheld,ar unlcxr extenuuting circumstunces exi�t which um beyond BorrowerR control. Borrower sholl�ot
<br /> :','� , ' � dextroy,damage or impa{r�h�Property.Allow the Pmperty to deterlorotc.or commit waste on the Property. Borrower sholl
<br /> � . , , . be in defuull if uny forf'eilure actian ar proceeding,whether civil or cdminal,is begun that in Lender�good faith judgmem
<br />:- , .,�.,:;.� , .-,� :; ' could ►+esult in forfeiture uP �he Property or atherwine mated�lly impair thc licn creuted by this Security Instrument or
<br /> �• Lender?�necurity interest. eorrowe�mny cure such u defuult and reinstate.as provided in puragraph 18,by causing the action
<br /> -_ ° �st,;�;,;,�•.;.•n`_:v�t or praceeding to be dismissed with a ruling thab in LenderR gaod faith detertninwion,precludes forfeiturc of the Borrower's
<br /> ; °- ''`'�=`.- .� '''1 interest in the Property or other materinl impnirment of the lien created by this Security Instrument or Lender's security
<br /> _ � �• ' ' inteoe4t. Borrower shall also be in defau't if Borcower, during the lonn application pracess. gave materially false or
<br />_�;;:':�- � inaccurnte infamation or statemems to Lender(or fuiled to provide l.ender with any material information)in connection wi�h
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<br />_ _�_ t..�„ ____� the loan evidenced by the Note, includinQ, but no� limi�ed to, representations concerning Borrower!s occupancy of the
<br /> � ^ "°�°°�'� .�• Propeny as a principal residence, lf�his Securiry Instrument is on a leuschold,Borrower shnll comply with aU the provisions
<br /> - ' of the lease. If Borrowcr ucquires iee�itle to the Property,the leasehold und Ihe fee title shall not merge unless Lender agrees
<br /> �.,"��y.,�,�,,,;,�,��•; to the merger in writing.
<br /> M1 7. Protectio� ut l.ender's Ri�hts In the Property. If Borrawer fuilx to perfortn the cavenunts nnd ugreements
<br /> � contained In this Security Instrument, or there is A legul proceeding that may significanUy uffect Lender's rights in the -
<br /> __.._ -'� "-�=-�- � pn.�.r y rcurh nc n pr�eedina in Mankruptcy.probate.for condemnation or forfeilure or to enforce laws or regulations),then
<br /> _ .. � I.ender may do and puy for whutever is necessary�o protect �hc value of the Propeny and Lender's nghts m the Nropeny.
<br />�: ' . • '" Lender's actions may include pAying any sums securcd by u lien which has priority over this Securlty Instrument,Appetuing
<br />- ° . j' in court,paying reusonuble onomeys'fees und entering on the Froperty to make repuirs.Although Lender may tnke action
<br /> . ..-+ �.•�.��.' under this parngraph 7,Lender dces not huve to do xo. -
<br /> -":�. ' „ , . Any emounts disbursed by Lender under this purngrnph 7 shnll becnme addi�ional debt of Borrower secured by this
<br /> "`'' `"'" -- - . — Securiry Instrument. Unless 8orrower and Lendcr agrec ta other tcrtns of pa�•ment,thesc amounts sha116car interest from the
<br /> �, •• dute of disburscment ut the Note rute and shs+ll be payablc,with intcrest. upan notice from Lender to Horrower requesting
<br /> s ' -w� payment.
<br />- " 8. Mortgage Insurance. lf Lender reyuired mongugc intiuruncc us u condi�ion of making the loan secured by this _
<br /> '''"�w� � Security Instrument, Borrower shall puy the premium� rryuired to muintuin the mortguge insurunce in effect. If, for uny
<br /> . " rea4on, the mortgage inwurunce coverugc reyuired by Lender lapses or ceases to be in effect, Borrower shull puy the
<br /> � • � premiums required to obtain cavcruge substuntiully eyuivulent tu the mortguge insurc�ncr previoutily in effect, A� A COS[
<br /> �'� • substuntially equivulcnl to the cost to Borrower of the mongu6c inrurance prcviously in effecl, from un ultemate mortgAge
<br />, � . � � in�urer approved by Lender. If substantiully eyuivulent mon€age inxur�nce covernge is not avuiluble,Borrower sholl pay 10
<br /> ,. Lender each month u sum eyuul to or�-twelQh of�hc ycurly rnongugc in.uranre premium being p•rid by Borrower when the
<br /> �, � ��'�'�� insumnce coverage IApsed ar ceased to be in effect. Lender will uccept,utie and re�uin these puyments a.a los,reserve in lieu
<br /> .. � ��:. • of mnrtgage insurance. Loss reserve payment.r• may no longer Ix reyuired,at the optiun of Lender, if mortguge insurance _
<br /> ,, "�°� coverage(in the�+mount and for the period that Leixler rcyuires)pmvided hy un in�umr approved by Lender ugain becomes
<br /> �;��!+� �o .-�. uvuilable and is obtuined.Borrower shull puy the prcmiumti reyuired to muin�ain mortguge msurunce in effect,or to provide u _
<br /> : loss reserve,until the rcyuirement for monguge inxurnnec ends in uccordunce with any wrinen ugreement between Borrower
<br /> , � and Lender or upplicnble Inw.
<br /> , �,,, � � 9. Inspection. Lender or its ugcnt muy muke rcus��nuble entrics u�xm and in��ction.of the Property. Lender tihall -
<br /> � give Borrower notice at Ihc lime of or prior lu un inspecliun spccifyin�ra��onublc ruux titt the inspection. _
<br /> � '� 10. Condemnation. The proceeds uf imy uwarJ nr rlaim lix Jamagcs,dinr� or ronxcyuenliul,in ronnectiun with uny
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