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<br /> periods that Lender rcquircr. 71ro InRUtance ca�rfer jf Borrowe�r Pnil.g to mwintnin ove ge described ebove.��l.ender��
<br /> _ appr�val which shull not bc unreawnably withhcld.
<br /> -- ' Lender's option,obtain caveruge to protecc Lenderl�dBhts in the Prapeny in accarduncn wlih paragraph 7.
<br /> �� ' Alt insuranec policies and�enewala shall be acceptable to Lender ond shull includo a Rtendard martgage clause. Lender
<br /> � � shall have thn dght to hold the policies and renewals. If Lender re.quires,Borrower shnll promptly give to Lxnder all receipts
<br /> _
<br /> — + • of paid premiums and rcnewal oaMes. In the ovent of loss.Bortower shall�iva prompt notice to the insurance carrfer and
<br /> -=- _
<br /> � Lender. Lcndcr mny make pm�►f nf loss if not mada pmmptly by Borruwer.
<br /> .:�'� j Unless L.endcr and BoROwer otherwise ugree in writing,iruurance proceeds shall be applied to restoretion or rep r o �
<br /> ' the Pmperty damagtcl,if�he rextorution ar r+epuir is economically fe�xible nnd L.enderk secudty is not lessened lf the
<br /> _ j� �estoration o�repair is not economicolly Feavible or Lender�r.ecurity would be lessened, the insur+uue proceedx shull be
<br /> applied to the sums secur+ed by thix Securiry Instrument,whether or not then due, with any excess paid to Bonower. If
<br /> — Bormwer abandons the Property,or does not anawer within;0 doys u notice from Lender thot the insurance cerrEer has
<br /> offered to settle a claim,then Lender muy callect the Insurunce praceeds. Lender may use the proceeds to repair or restorc
<br /> - ____ -- the Property or to pay sums sec:urtd by this Security laetrument. whether or not then due. The 30-day period wlll begin when
<br /> —����_�� the noUce iR given.
<br /> —:-�+���� Unless Lender o�nd Borrower othetwise agree in wdting, uny upp�ication of proceeds to principAl shull not extend or
<br /> ��,_�s4„�,�� postpone the due date of the manthly puymente refemed ta in paragrophs 1 and 2 or change the umount of the payments. If
<br /> ���,i under paragraph 21 the Propert�is acquired by Lender,Borrower q right to uny insurance policies stnd praceeds resulting
<br /> ���;������� from damage to the Property pnot to the acquisition aha11 pass to Lender to the extent of 1he sums secured by this Securiry
<br /> ------ - Inawment immediately prior to the acquiaition. ,
<br /> _ ,�:;_ •.� 6. (kcup�ncy, PreservAUon. M�(nlenAnce aed Protectlon of Ihe Property: Borrower s Loan AppUcwUoa;
<br /> � .��''f`'��':����� I.easehdds. Bocrower xhall accupy,establish,und use tbe Properry as Borrower?s prinejpal residence within wixry days after _
<br /> .r .�,+5ei-. ..,.
<br />':�+s. ,��,�.1*��.�'.��^-•��°j-`�'' tho execulion of this Secu�ity Inxuument und s4hnll continue to accupy the Propedy as Borrawer s pdncipal residence for at
<br /> � ���.,#:,:...,,..,�,:,r least one year ufter ihe date of occupancy. unless Lender othenvise ag�+ees in wrfdng, which consent shall �ot be
<br /> - • - - '- ='� unreasonehly withheld,�r unless extenuating circumstuncea exist which sue beyond Borrower'�control. Borrower shall not
<br /> . . �i!t'.wit•-J .::r,';�-.—
<br /> ....,T destmy.demage or impair the I�roperty,rd�uw the ProPertY t°deteriorate.or commit waste on the Property. Borrower shall
<br /> � ��• . : be in default If r�y forfeiture action or proceeding,whether civil or criminal, is begun that in L.ender§gaod faith judgment
<br /> ..`••�E 1 „��-r' � could result in forfeiture of the Property or otherwise materiolly impair the lien created by this Secu�ity Instrument ar
<br />� " ., ,j' � �� Lender's secudty interest. Horrower may cu�+e such u defuult and reins�ate.as provided in paragraph 18.by ceusing the action
<br />' .I.`1''fy�"4'�'w'°.r _
<br /> .. :�..ti,�;�;:�. o�proceeding ro be dismiased with a ruling that,in Lendera good faith determination,precludes forfeiture of the Borrowera
<br /> • �a� _ . ��'�s:. interest in the Property or othar materiAl impairment of the lien created by this Secudry Instrument or Lender� secudty
<br />" u�'" '"'' �� � intereat. Borrower shall alsa be in default if Borrower, during tFie loan applicatian pracess, guve materielly false or
<br /> `���4�-���_�� �.� ° inaccurate infarmation or atatements ro Lender(or failed to providc Lender with any matedal information)ln connection with
<br /> .`''�=° � `�+������ the loan evidenced bv the Note, including, but not limited to, reprcsentutions concemMg Borrower's occupancy of the
<br /> - =- - --_= -
<br /> •� � � property os a pr�ncipal residence. !f this Security lnstrument is on a leaseho id,Horrower s hu l i cump iy w f t h a i l i he provisions
<br /> • - of the lease. If Borrowcr acquires fee title to the Propeny,the leusehold and the fee title shal l not merge unless Lender agcees
<br /> �.. ' � . • ., to the merRer in writing.
<br /> _ � 7. Protection of Lender's Rights in the Property. If Borrower fnils to periomi 1he covenants and agreements
<br /> r�' -� �� ' '` contnined in thig Security lnsuument, or therc is u legal proceeding thut may s�ignificantly affect Lender's rights in the
<br /> ° , � '.,'� . : Property(such ns n proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce luws or regulstions),then
<br /> � � Lender mny do and pay far whatever is necesxary to protect the value of�he Properry and Lender's dghts in the Property.
<br /> ...
<br /> `�`"'����_1��r Lender g actions may include puying any sums serured by u lien which hns prioriry over this Security Instrument,appearing
<br /> - ' ,{ � in coun, n in rea.sonabk a�torne s'feex nnd entering w� Uio Pru�ny to makc rep�irs.Although Lender may�nke nction
<br /> �':, P Y 8 Y.
<br /> ► ��•� � • ° '�e�"� under this pamgruph 7,Lender dces not have to do so.
<br /> , Any umounis disbuned by Lender under this puragruph 7 shull become additionul debt of Borrower secured by this
<br /> �'�n ' ' ' Secu�ity Instrumenl. Unlcss Borrowcr xnd Lender ugree to other terms of pAyment,these amounts shnll bear interest from the
<br /> `"��•.' `�s date of disbu�sement at the Note rAte wtd xhull be payablc.with interest,upon notice from Lender to Bomower requesting
<br /> ,��"''u ..� �� • _. paymerx,
<br /> "�+.;" � `""`� '� " 8. Morlgage InsurAnce. If Lender reyuired manBuge insurance us u condition of muking the loan secured by this
<br /> ' '��° Security Instrument, Bonower tihull pay the premiumY reyuired to muintain the mortguge insurunce in effect. !f, for any
<br />� ..= ' ' reason, 1he mortguge insurence coverage reyuired by Lender lupse+ or ceuses to be in effect. Borrower shnll pay the
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<br /> , , _. ;; .� premiums required to obtain coverugc substuntiully eyuivulent to the mortguge insurance previoutily in effect, at a cost
<br /> . � subslantiully eyuivalent to the cost to Durrower of the mortguge insurunce previously in effect,from nn nitemate mortguge
<br /> ° ,' � • � lnsurer approved by Lender. If substuntially equivulent mortgc�ge in,urc+nce cover•rge is not uvuilable,Bortower shall puy to
<br /> _ ° ° � Lender each month u sum equul lo one-twelfth of Ihe yearly mortgnge insurance premium being paid by Borruwer when the
<br /> ,;:'�,��� insurance coverAge lapxed or censed to b�:in effert. l.ender will ncrept,u+e s►nJ retuin these payments su n loss reserve in lieu
<br /> `` � of mongage insurunce. Loss reserve pAymentx may no langer Ix reyuired,ut�he option uf Lender, if morlgage insurance
<br /> •"�.x:•�,;�. coverage(in the wnount and for the penod Ihut Lender reyuires)provided by t�n insurcr•rpproved by Lender agoin becomes
<br /> �� � «° , uvuilable and is obtained.Borrower tihull pay Ihe premiumx rcyuirrd to maintuin mortguge insurunce in effect,or to provide u
<br /> . v���`•:h•. loss retierve,until the reyuirement for martgage insurnnce enclti in urcorduncr wilh uny written ugreement between Borrower =
<br /> _� �,;��. und Lender or�pplicuble luw.
<br /> . 9. Inspecltm�. Lend�r or its agcnt ma�•muke Ra.onatsle rntrie+ u�m �md in��x riii�ns of the Property. Lender Khall _
<br /> ° give Borcowcr noticc at thc timc uf ur prior to un ins�xrtion x�cifying rrasanuble cuuse for thr impection. -
<br /> � �� ; ., . .. . •� 10. CondemnalMn. The pr�xeedti of.�ny uwurJ or rluim For Jumageti.Jirect i�r conzeyucntiul, in connection with :uty �
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<br /> - To prder Gy:1-110►63P930.7 O YAI(61&7B1•1171
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