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<br /> _---------�------�..._ rerhxl�ihet f-�nrlrr rrm�irev. 'R� inxurence cenier prnv)ding ihe incurance Rhxll he�h��rn hy Rmm�w�r vul�irrr �n t�nrie�4
<br /> ' i approval which ahall not Ix unrcasonably wi�hheld. !f Horrower fails to mointain coveruge described ubove,Lender may.at
<br /> � Lendcr'a aption,obtnin covcrAge ta protect Lenderk rights in the Property in uccardance wilh purngraph 7.
<br /> ����'' '' All insurance policfes and renewule ahall be acceptuble to Lender und shall include a atandard mortgoge clauxe. Lender
<br /> ' xhali hava ihe right la hald thc policies and ncncwals. If l.endcr reyuitea,BoROwer shall promptly givc ta L.ender all receipte
<br /> '°` "�'"�'"'", -:�t• of paid premiums und renea•ul natices. In the event af loss.8orrower ahull givc prumpt nwic� to thc inrurwuu cwriur unJ -
<br /> � Lender. Lcnder mAy make praof af lo�s if nat made promptly by Barrower.
<br /> Unlecs l.emfer and Borrower othenvine agrec in w�fting,imurance praceeds shall be uppliad to restoretion or repair of
<br /> •c
<br /> � � ��''�' �'` the Properiy domuged, if the rcctorutian or repuir ia economicnlly Pearible und l.enderiv secu�ity is not les�ened. If the
<br /> � �'��.��� � rea�ora�ion or repair is not economicnlly feagible or Lenderk�ecurity would be lessened,tha insurance praceedx sholl be
<br /> �...::�,:,.w.
<br /> �_�;,. .., applied to the xums securcd by thie Securily Inalrument, whNher ur nul lh�n due,wi�h any rxcesw paid lo Borrower. !f =_
<br /> _ „7...��..:,;N.�:u.,� — Bortower nbandons the Property. or dcea not unawcr wllhin 30 days a notice from L.ender that the insurunce carrier has
<br /> ! '' ` " "�0�"' offered to senle a claim,then Lender niuy collect the fisurctnce pruceeds. Lender may use the prnceeds to repAir or r+estore
<br /> •������ the Pro rt or a a aums secured b this Securit lnstrument,whether or not ihen due. 7'hc 30-de
<br /> ,. Pe Y P Y Y Y y period will begin when
<br /> -- — --_��;.�:�-,_---� thc natice iti gir•e�ti.
<br /> °' � � Unless Lender and Borrower athorwlse agree in writing,ony applicution of praceeds to principal shall not extend or
<br /> �,.,��;�,�;,:e � 'j` postpone the due date of thc monthly payments refemed to in paragmphs 1 and 2 or change the amount of the payments. If
<br /> ���;,��,• �y� under paragraph 21 the Prop�ny is acquired by Lender, Borrower's right to nny insurnnce policies and proceeds resulting
<br /> �'•t,,.�,,,��-,. from damage ta the Property prior to the acquisition shall paas to l,ender to the extent of the suma secured by this Security
<br /> �'1�:'`�• �� ' -' Instrument immedintely prior to the ncquir;ition. _
<br /> — : A •.�°��-�r•..�" I 6. Occupqncy. Preservation, Maintenance and Protection oP the Property; Borrower's l.a�� Applfcadon;
<br />_,��` � t ° . � Leaseholde. Borrower shall occupy,eswblish,and use the Praperty ns Borrower�principal residence within sixty days after
<br /> . , the eaecution of tliis Secudty Instrument and shall conlinue to occupy the Property as Bo�Tawer�principal reaidence for at _
<br /> � „ � � least ane year after the dute of occupancy, unless Lendcr othenvi�sc ugrces in writing, which consent shall not be °
<br />= ���,�� unreasonably wlthheld,or unless ex�enuating circumstunces exiat which are beyond Borrowerk control. Borrower shall not
<br />• :--� � --- descroy,damage or impair tne i�ropeny,a�low the t'ropeny to detenorate,or comm�t wuste on me t'roperty. Borrower shall
<br />= . �^. , .. , be in default lf ony forfeiture action or praceeding.whether civil or criminal, is begun that in Lender's gaod feith judgment =
<br /> � could resul� in forfeiture of the Propeny or otherwise materially impair the lien created by this Security Instniment or
<br /> , h� „^^� . Lender'.s securiry interest. Borrower may cu�e such u defAUlt and reinstate,u�c provided in pamgraph I 8,by cauaing the aclion
<br /> � ' j or proceeding to be dismissed wlth e ruling that,in Lender's good fuilh determinntion,precludes forFeiwre of the Borrower's
<br />�� . � interest in the Property or other material impairment of the lien created by this Security Instrument o� Lender's recur�ty
<br />• interest. Borrower shall alsa be in defnult if Borrawer, during �he loun applica�ion process, guve materially false or
<br /> _ •��.?� +. ._ ___ ��_ inaccurate informotion or statemen�4 to l.ender(or fLiled tn pmvidc I.�nder with any meter�a!inforn�esion?ln connectIon with
<br /> ;; � I the loan evidenced by the IVae, including, but not limited to, representa�ions concerning BoROwer's occupancy of the
<br /> , i Property ns A principal residence. If this Security Instrumen[ is on A kusehold,Borrower shall comply with all�he provisions
<br /> • ' , „" of the leose. If Borrowcr acyuires fee title�o�he Property,the leasehold and the fee title shall not merge unless Lender agrees
<br /> �� . to the merger in writing.
<br /> � 7. Protection of I.ende�'s Righ�v in the Property. If Borrower fAils ro perform the covenwnts and agreements
<br />' , contained in this Security Instrument, or there is u le�ul proceeding thut may significantly uffect Lender's rights in the
<br /> • � � � Property(such us a praceeding in bunkruptcy,probate,for condemnution or forfeiture or to enforce Inws or re�ulations),then
<br /> , ' L.ender may do ond pay for whutever is necessury to pro�ect the value of�he Propeny and Lenderti rights in the Property. —.
<br /> � � Lender's actions may include paying uny sums secured by u lien which hu�priority over this Securily Instrument.appearing
<br /> • ' � � in court,paying reusonuble uttomeys'fee�nnd enterin�on�he Property to make repairs.Although Lender may take action
<br /> $ � under thix par�gmph 7,Lendcr dacs not have to do so.
<br /> Any amountti disbu�,eJ by LenJer unJer this paragraph 7,hull become uddi�ionul debt of Borrower secured by this �-
<br /> �� •-• Securi�y Instrument. Unless Borrowcr uncl Lcndcr ugree to other tcrms of puyment,thexr umount�shul l beur interes�from the -
<br /> '`�"`"' i dnte of ditibursement nt the Note rAte and shull 6e puyuhle, wilh interest, up�m notice from Lender to Borrower mqueuing =
<br /> �� � puyment. �.
<br /> . •• ' S. Mortgage Insurance. lf Lender required mortguge insumnce us u condi�ion of muking the loun secured by Ihis =
<br /> �l •µ.�•.. � Security Instrument,Borrower shall pay the premiums reyuired to ms�intuin the mort�uge insurwue in effect. If,for uny =
<br /> � .• • . �. � rcason, the mongage insurunce coveruge requircd by Lender lup,es or ceuses to be in effect, Borrower shall pay the _
<br /> t� I premiums required to obtAin coveroge subs�unlially eyuivulent to the mongngc inzuruncc previou�ly in effect, nt s�cost =
<br /> . . � substuntially eyuivAlent ta the cust 10 Burriiwrr uf the murtguge in.ur�►nce previouxly in cffect,fram nn ahernatc mc�Rguge -
<br /> � insurer upproved by Lender. If xubsluntinlly cquivulent mongnge inxur�nce coverugc is not available, Borrower shall puy to _
<br /> ;� ° i Lender eaeh manth n sum eyuul�o ane-twclfth�if ihr yeurly mcxtguge insurance premium 6eing paid by Borrower when the
<br /> ,, . � l- insurnnce coveroge lapsed or ceused to be in el'fec�. LenJer will urcept,use und retuin these payments us a loss reserve in lieu
<br /> • • •• � of monguge insurc�nce. Loss reserve puyments muy no Iongcr fx: requimJ,ut thc uption ol'Lender, if mortguge insurancc —
<br /> - coverage(in the amount and for the�x:riai thut LenJer reyuire.)provided by un insumr upproved by Lender nguin becomes ��
<br /> , °� U j nvuilable vnd is obtuined.Borrowcr shull pay thc prrmium.rcyuired�o maintuin morlFugr inxurunce in effect,or to provide a
<br /> � -�"'''' � loss re.erve,until the rcyuirement for mongage insurancc end�in uccordance with •rny written ugrcement between Burrower —
<br /> �� � and Lender or applicuble Inw. _
<br /> 9. Inspection. Lendcr or its agent muy nuikr rra,onuNlc rntrirs u�xm anJ imprr�iom oF the 1'ropeny. Lender shall —
<br /> , ' � I give Bormwcr noticc at thc timc of or prior to un in��xction,Excify in�;rcotianahlc cauu ti�r thr in.Fxction. �
<br /> b 10. Condemn�tiun. The pr�xeed�i►f any i�wurd or cluim for dama�e,,dircct ur runsryurntiul, in ronneciiun with uny "
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