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<br /> for the prriods t1�t I..rtsde ieyu�re.+.The�nwranre rarrier providinb the insurancC shall 6r chos�n by Borrower subject to ��(•: �. .w,
<br /> � IxadCr's approval wtuch st�s0 not hr unrrawnnbly withhetd. If Horrower faiLs to mainmin coveraga descritxd above, , �.
<br /> I.ender may.at l.ender's apuon. obtnin wvrrn�w prutect L.�nder's rights iu thc Property in accordanc�with paragraph ,_,` , -
<br /> � T. , � ,.
<br /> - All iasuranc� pofietas �nd rcaewais shnll be acusptahle to I.cnder and shall includa a standard mortgage claus�. ` _
<br /> � [,ender sh[ill have the righi to h�►1d Yhe pottctes and rCt�wstls. If L.en�r reyuires, Borrower shall prompdy give to t.�nder , . .
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<br /> ._ . alt rrceipts of paid premium�and rC�s:wnl noacev. In the event o�'loss, Borrowar shall give prompt notic�to the insvranc� ,„ . .
<br /> - carriCr and I.c�er. [xa+ler rtwy m�lce�ra�f i+f tn�.�if not madr promptty by Borrower. , . �<' �
<br /> � Unitiss lxr�er encl Barrower u rrwue agrca�n wnGns,iasuraaca praceeds shal!be ap�lied to restoration or rzpair �: ,____. , • -
<br /> �.' of ttce Prop�Ry clamaged. if th�rrstututtnn or rcpau�s aa�nom►cally fc;as►ble and L.ender's security is not le�re�d. If the . . ----�---= .
<br /> rzstoration or repair is aot a:o�wmu:ally fi:as�ble or Lend�r'a security would be lessened,tha insurance proce�ds shall b� ;, . '..
<br /> appiied to the sums s�curr.d by ttus Secuttty InsSrument, whether or aat th�n dra�, with uny �xce�paid to Bosrow�r. If •��?,� �••
<br /> Horrower abandons thc Property, or dars nnt an.wCr w�thin 30 days a notice from Leoder thac the imsurance carries has F�ti,,3 , ._ _ _
<br /> offer�d to s�ttld a claim.then ixcedcr m:�y uillect thn dtuuremo pm�xxsis.I.z�er ma}�u�s th�proc�ds to repair or r�stor� f y,`��; • +. ` .
<br /> f..s�, � ' �
<br /> th�Property or to pay sums sr.�urrd by thsF Securiry la,trumtnt. whethar or not theo due.1'hs 30-day period will begin s�`�.,,;.r; . . ,, ;
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<br /> wh�n thu Qorica is grv�n. '}jt'' `- r "�
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<br /> . Unless[.Cnder and Borrower othnrHise ogrr.es�n wrabng.aay application of proceeds to principal shall not eziend or '�° <�C'��sl'7x� x " �'
<br /> • post�one the due datC of tha mo n d ily paymenta re frrr r,�l to in pa r a g r a p h s 1 and 2 or c 6 a a g e the amount of the payments. If 4_.;•..�t�„<-tv;::•,:;_;�.. ':�::
<br /> . , under pata�rnph 21 the� Property is acywr�d by Lxtxlrr.H�rr�war's nght ta any insuranc�policies and proce�ls resulting M:�":%�:•�;;:�°: ':.'
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<br /> from damage to tiie proprrty Prior ta dro acyassrtton shall pass ro I.ctvlcr to th��xtant of tke sumg secured by this Security ^ ,.�,i.:;�
<br /> �ent im�diattily prior to th�acyuisition. • '�''#`` �'�'�=
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<br /> •� 6. Qccupancy. Pteservatlon, Maintenance and ProtvcElon of the Propertyt Borrower's E.�an Appltc�ton; y,.x���, . -�`��
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<br /> L�s�olds.Borrawar shall occupy. ��blish. and us�ttt� Prop�rty ag�orrower's pnncipa! nsid�nr.�u�idnin sixty days ,=;%..x���:� , , ,
<br /> aRes the eaecution of tlsis�curity IasCiumeat atul sha11 wnUnue�to owapy thC Property es Bn�rower s p�ipal r���� ' �•;��:��. .����_-.
<br /> ' for at least os� year after th�das�af occupancy. unlesv lxtrlor otherw�se a�[rxs in wnbng, which coasznt shal� not bc �,_,��a:,'�. ;�'_°
<br /> ' unreasonably vrithh�ld.or unl�.ss exiCnuatin��circutnstam:a4�xist which ard bCyond Borrowar's coatrol. �arrower shall not �_;�;;x,•?t� .�„�, ��-?.��
<br /> - dGnroy. damag�or impa'u the Property. allaw tha Proparty to dei�riorate. or uommit wos� oa the Pro�tty. Borrower �..�3�,���s�.. A ,�
<br /> shall be in default if aay forfeitun actioa or proc�eJing. whott�r civ�l ut cnmiiuil, is br�gun that in Le�l:.r s good faiW ,.,�,,,�,; ..� '
<br /> . judgment could rCSUi4 in forfeibur� of che Pmperty or oth�nvisc matarially impair the lian creatsd hy this Security �. ,�,;b,'. � �
<br /> Instrument or L.�ader's s�cunty wt�r�st. Borrow�r may curC such a d�fault and rainstate.as Provid�d in paragraph 18.bY ;;:�5�';�.;_;� � •.r -
<br /> causins tl� action or proc�xdins to ha di.smis.�ed with a ruling that. in l.CndCr's goad faith dzterminarion, precludes ''' ;.c�`� ,.
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<br />' forfeiture of the 9orrowe�r s interest ia ttx� Prop�Ry or athcr mataria� ►mpaira�nt of the lien c►�ated by this Security ��•� _:
<br /> • , Instrument or L.andCr's s�curity intensst.Borrawnr sfiall elw bc in dnfault if 8orrower,dwing the toan appGcation proc�ss. ; :,;•,:f:J j '�,��
<br /> ,...;. gave matCrially falsa or inaa�uraw information or statrm�nts to I.cnctrr I�r failed to provide Lscdar with any mat�rial r,����.< ' '.y,:�•,'
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<br /> inforanation)in wnnection with tha toan�vid�acCd by thn lVata. i��tuding. hut not limited to. reprzsz�ttations coacrrains r< < > �:F: '
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<br />. Borrower's occupancy of thn Prop�rty as a princ:ipal rosidcrnC.If this Secunty Instrumant is on a leazehold,Borrower shall t' ;�'�;����•::
<br /> comply with aU thn provi.vions of thn l�astl. If Borrow�r acyuiroy fr,e trtld to the� PropCrty. We leasattotd aad tt�e fcx title �t;�,,,=�.,U�f,;,,5/•rt,'.�„�,;.,,4,,
<br /> sbaU mt merge unless Leader agnes to thc raarger in wnting. ��'''."��;�:,`•�';r,,�,,.-. ,�.
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<br /> . . 7. Protecblon o4 Lender's�htg in the Properiy. If Borrownr fails to perform the covenants and agreements �:,a.�•,'.:'::.�.c.i>';�•}{'��'i;;�..:`
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<br /> contaiaed in tlus Securi4y lastrument. or ttt�rC ia a Ingal prour,�ling tlwt�rwy si�nifiwntly affect Lender's rights in the N',; f. .�;.�-.n,3;�
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<br /> ' Property(such as a proceedin$in batilwptcy. probaca. for coademnatian or forfe�Nre ar to enforcn laws or regulatioas) , s P�•���:`f3;��
<br /> � then Lender may do and pay for whattiver is necessary to prot�cs tha v�tuu of thn Praperty and Le�der's rights in the �ss.;.. '�:�s;t;f;��f, :��'%�-..
<br /> - -. .: property. I,eader's ectioas may inctude paying anp xums secunJ by a lian which has riori oves chis Secunty �"�S � , t. `°"`
<br /> P �' Altt�ough ,;,c,� '��
<br /> Instrument.appea ring in court.payin�reasonabla attomny.v'f�us and entenng nn ttie Property to make n,pa,rs. ' '�,•� � ;�t'
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<br /> l.ender may take action uiuler this paragrapf�7.L.endar cto�not havn to Jn Ro. ' • _:_
<br /> � pny amounts disbursr,cl by L.encter under this paragraph 7 shali t+rsumd Qdditianal debt of Bomower�r:.und by th+s J :.:.: "` �z� .,�
<br /> Security lastrument. Unless BorrowCr aad Leu�ler agree to other teraty of payment.thes�amounts shall bear iaterest from • .;�(,:%:r.�'�
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<br /> ' . the date of disbursement at the Notd raW ancl sl�aii be payebl�. with intecest. upun aotic� from i.e�er to Borrower ���"''�'�.� �•;_
<br /> � reguesting payment. -^'�r,.�, --- _ _
<br /> . 8. Mortgage It�w'anee• 1f Le�er rec�uired mortgagd iruurance av a wtuiition of making tha loan securcd by this ;,,�„�;�.=: __�
<br /> Securiry Instrument. Borcowar shell pay the premiums required to maint�in tho mortgaga iasurance in �ffec� If. for any h .
<br /> "S�.�.. reason. We mortgage insurance coveraga reqm r e d by L e r r l e r l a p s�s o r c e a s e s t o t+e in effect. Borrower shaU pa y the "� `�-----�=.- --
<br /> : ;;�`i premiva�s required to obtain coverage substantlaUy equivalent to thu nwrtg�a ittsurancc previously in effec� at a cost ,,,,�__�4 sa{,.._,---
<br /> ';4��?.:x substa�tiaUy equivalent to t6e cost to Borrower af thu mortgagn iavuranco proviously in effect.from an alt�rna>r mortgage 3�rn�,t��..,>.�v��FS•�?::
<br /> ;;,,::;;: insurer approved by Lender. If substantiaUyey uivalent mortgago insuron�;a cuverage is not evailable. Bonower ssall pay � •�� �` ,�,p,-
<br /> to Leader each month a sum eyual to ore-twelfth of thd yearly mortgage iagurartcn pnmium being paid by Borrowrs when �.�,; � .. ,: � ��.."�.�±f��` -
<br /> . the iasurence covare�e lapsrd or ceas�d to be in effect. l.ender will accupt.uso urtd r�tain these paymenta es a loss��rve �n'r?%"1'�'`��.m��°'`-
<br /> ' in lieu of mortgage iaswance. Loss reserva payments t�ay t�o longer be reyuired, at the optiun of l.�tder. if mongage ���''^ --y 1,,;,.
<br /> �� �;'`; ;asurance covera�a(in the amount anJ for tFtc�p�ria!that Lenilnr reyu�rc.y)prov�dei! hy an �ngumr upproved by Le�Ser �••� � N !,.r:���`�'�.�_
<br /> again bacom�s avatlable and is obtaiaed. Borrowar shall pay thu prvmtums r�ywred to ms+inWin mortgaga insuianc� in .;, ._;;��,;�:�:
<br /> ' effect. or to provide a loss reserve. until tha rryuiroment for mortgagu intiurr�nco artda in acconlanee with any wz�cen ':?t.�„.y`._„� �--*-, ,
<br /> , ogreement batwaen�orrower end I.ender or applicable law. �`t�"''' ;;•�
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