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<br /> � � ' 97-� ����,2 . _-
<br /> � S. HasArd or PropGrty+ L�suran�e. Borrower elWl kap the Improvameate aow axIetin� or horeafter ertcted on d►n �' •. ;,
<br /> � Property insurul sIIRInBt loss by fire, hauirde included wfthin the term "extended caverage' nnd any other haz+arc4�, inclttdinII
<br /> floode or flaodfng. for which Y,en�or requirea ineurance•'Ibie inauraace eh�ll b�I°d°tuned w�°+�a�'��►d for uao}sc�lads
<br /> :-� that Lender requlres.T6e insurwce carder providing the(nsurutca e}ull ba choxn by Borrower eubject w I.ender's�ppmvn! ,
<br /> wi�ich ehsll not be unre�sonably wIthheld. If Bon�ower faile to m�faWn cover�ge descdFxd abovo, L.cnder ms►y,nt Lendne'n
<br /> �� optIon,obtaln eoveago to protect L.enQer's righta ia tho Proparty ia accordanee wlth pu�agraph 7. '
<br /> pll insuraace poHcies and renewale ehaU be acceptab2e to Lender and ehal include a etandnrd mortgege clni�co. Lender
<br /> �� ehAll hsvo the righ¢to hold the pollcies and renewals.If Lender roquires,Borrowar s6d1 promptly givo to Lender e11 receiPtn of . ;r:..:�,,,.
<br /> • paid premiums and nnewal notiees.In the eveat of loss.�orrower ehall g�ve promvt notice to the insurancs car�ier+uaci I�cndor. Q,�,�
<br /> Lender may maka proof of loss if not mudo promptly by Bortower. .�n��'
<br /> Unless Leuder Qud Barrawer othervvise�gcee'sn writing,insura�co Praceode ehall be appliexi to restorntiam ar repair of dtt� ,.,t��_----
<br /> properiy damaged,if the restorsNon or repair is oconomienlly feasiblo aud l�nder's socurity ie not le9sened.If th�restorntian or ,:� :,,;,.m,,._.
<br />-. � ',�?;,, ;;�:r=,;�;:��
<br /> rep�ir ie not ocaaamicilly faieible or I.ender's securiry aouid be lessanecl,the ineur+mce proceede ehwll be applted u�tha euma • ;��.,,s,;:_�
<br /> � sxured by ttue Securlty Instcument. whethor or aot thea due, wlth any excess paid to Borrawor. If Borrowor ebandona th�
<br /> :.����__
<br /> ; pmper.y, or doES noi answor withia 30 daye a notnce from Lender that the ingurnnce carrior hu�offored co eottlo�claim, tltan ' ,, __,,
<br /> , �,. .."� Lender may colloct the instttauce proceede. Lender mqy use We proceod�to npair or restoro the Property oY to p�y sum� �s �� ---
<br /> � ;'�. � secural by tl�ia Security Inatru�nant,whethar or not then due.The 30-dRy period will begin when the nottca is givin. .'r,?,.:1���;��� �
<br /> � Unless Leneler and Bairoaer ot6erwiss agsee in writin8� enY sPP�catHon of proceode to prinaip�l ehall not extesncl or `;;s,tl,;, . =, •>..,•...--
<br /> .. �� ��"` •' �'"''-:..
<br /> postpone the dua dste of the monthly payments refemd to in parnSr+ipt�e 1 �nd 2 or ch�age tha uaount af tha�aym�uita. ?f ���:`'";�, „�;�H,w_�_
<br /> " under paraSnPh 21 the Proparty ie acquired by Lender,Borrower's right to eay insursace palicies nnd proceeds rwult�ng frorn �'.:��,t``�-,��..,r �;;a}:-
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<br /> .� damige to tho Froperty prlor to the acquisitioa eb�ll pass to Lender to the extent af the sums secut�ci by thie Seeus;qr lu9hvm.nc ,,,''.:,:;(.,,:11., ����_.
<br /> -�jl' .._`.�`�i � .
<br /> immedi�tcly prlor W the acquisition. °`��.�,� ,
<br /> ,. ;� 6.OccuRancY,Preservation,Maintenc�nce and Protectiou of the IPropertyi Borruwer's Losw Applics�Uo�s;I.ease5olils. sti l�., ' -�
<br /> Sorrower ehill occupy�esta b l ie h,an d uee t he P r ape i t y ae B o r r a w e r's p r i c i c l p�l s e s i d e nce wlthin eiu t y ds ye after th�exxution of �;j _
<br /> , � this Security Inaqvment and eh�ll cant3nue W occupy the Property an Born+aer'e principtl r�Aldwce for at Iwt ono yesr aftar
<br /> -_ - �o��f��„,,����t�.n r hanvi,ae a g m e s i�w r[t i n a.w h i c h c o n s e n t e b n ll�ot bo w�re�sonabl y wlthhold.or unlexva =.�_.=- - _
<br /> � ^.�,'_ extenu�ting cLcum9t�nces enis� which aro beyond Borrower'e control. Borrower ehall not deatroy� dwot8e or imp�r wo •,•=-� ;
<br /> �;��` �,:,. pmperty� allow tho Proporty to detariorato, ar comaut waste on the Property.�or►'ower shall be in dofauit if�ny fnr fc�ltuna
<br /> .,�.
<br /> '41�� action or pmceoding, wheWer civil or crimtnal,ie begun that in Leuder'e good faith judgment cou�d znsult in fatfeihtro of the� -
<br /> l'i .� .CI'•' A� I :
<br /> Pmporty or othsrwIee mateddly impair tho lien creacod by thie Security Inetnameat or Leader's security intereat. Bormwur mny
<br />%_ �:�� c�ra such,t defiult wd rainstate.�s pmvided in pu�grapb 18,by causing the�cdon or proceeding to be diemi�eod witli a rulinII
<br /> � tbat, in Lendar's good fidW dete:miaation, precludes foYt'aituro of tho Borrower's interest in tho Proporty or othor mitarinl "+' � �-
<br /> ' ' impairment of the liea crr,atod by t}ue Secu�ity Instrumeat or Lender'e security intereat. Boi'c�owar e�Wl vi°M°in dofault if �1� `
<br />,,,;. Born�wer.during the laa�pplication p�cesa.gave materiRlly falee or inacc►srate infnrmaHon or sutemcaU to Lcnder(or f��q�al __
<br /> includin but not limltod
<br /> ��.
<br /> ,. , to pmvide Lcader wlth my miterid inforauHon)in connection wlth the�an evidenced by the Nato, g. __
<br />'.�., to�r�Fsexautioua concemtng Borrower•e occup�acy of the ProEreriy as a priaciptl naidence.If thle 3ecurity Innm►anrat io on A
<br /> �,�:�.� . . lus�hold, Bomower shill comply wIth �11 the p�covisions of the lwa. If Borrowar uiree fee title to th+� Pro thn t�=:� �"'
<br /> ac9 P�rtY� o;'.�_:.:..--
<br />�� ... � ' leadeuold snd the fee titla eball not merge unleae L,ender agroea to the merger in ariting• R+.;:°_
<br /> � ''�: �• `�' . 7.Protec�an of Leader's Ri�6ts in the Propa�ty.If Borrowar faile to perform the coveoanta�nd agreemaata coutain�zt ia r'__ __
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<br />-r, , t�ie Security Ens'hvmcat, or there is a leg�l proceeding that may slgnificantly affoct Lender'a righY�v ia the ProFoAY( v�
<br /> � �, ''' �� p�ceedi�g in bankcuptoy,pmbate, for condemeation or forfeiture or W enforce lawe or rogulationo), thca Land.r m�yy do t�si �
<br /> � �•� , , psy for whitever ie nccesaary to protect tha v�lue of the Pmpetty and Lrnder'e righte in tho Property. I.eadar's acHonv mny ��^�
<br /> �_�•�r: . in coud a in ��-' -
<br /> --.,. •�y ~ includa psying eay sume socured by a liea which hu prio�ity over thie Seeurity Instcument, �PPearin8 � P Y � --
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<br />�., . rea�onable�ttomeye' fees and entering on the Property to mtice npairs.Although Leador may hko Retion undor tl�is pirngmph __
<br />�_,�;~.ti V.w 7,Leadar does not have to do so. � ,��-
<br /> _ pny imount�diebursod by I.cndar under tltis puagrePh 7 ahill beco�►e additional debt of Borrower secured by tldn F•;,__
<br /> ."`"<< � • Socuidy Instrum�at. Unlese I3arrower aad I.ead�r a3ree to othor terms of psymeait�theso amounte eh�tll beu inter�cst fi�om tlie ep�A�Jti,;;:,��.�
<br /> A.:.:_ . , `C�.�,[•�a��m�.rvw�.nu�..r�_�
<br /> --. . ' d�te of disbursement at the Note rate and eh�ll ba payable, with interest, upoa not�ce from I.ender to BomaNer roqu:�sin6 ;,�,�q�„_.,q,�._.,.
<br />_ • � �,,:
<br />- , ,h, �yIDg Mprd�s►�c Ia4uranoe.If I.cndar acr�uind m4rtgago insu:wce a�a coadidon of m�lcing 4ho loan eecured�y tWc Socuti.ky ....:•
<br /> f tho "��.?:�,,. �- . ��::`�,�
<br />_' .. �. Instzumeat, Borrower ehill pay tho premiums roqulrod to maintain the mortgige insitrance in effxt. If. or Yny re�son� . Y
<br /> �.�:: • uiortgage inaurance coverage required by Leader kpses or ce�.9ea to bo in offnct, Borrowcr ehall pay the pmmiums roquirod tu ,, .y�,� ,�;:,
<br /> . 'L ag a��, ;�t��,...
<br /> ��'`'� •� obtain covernge eubstantia11,y e9uiv+dcat to tho mo�tgage ineur�nco previously in cffxt,at a coat eubetandally equivnlemt tn t(r.e ,.'; . �.�-w;�
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<br /> v .`�S. '..y.-.. s;�,.r:
<br /> � , coat w Bomasv�,:r of the mo�tgage insurance proviously in offect, fro�an alumate mortgaYe insumr approvod by Leades. qg' .< ,,,.,..;..a_,�
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<br /> � � sub�taatially eguivalent mortgsge insurance coverago ie not available,�urrowar ehnll pay to Lcndar each month a avm oqw:ao � :.�•• :.1. :;: -
<br /> one-taelfth of the yeuly atortgage inaurance pnmium being paid by Borrower whcn the incuraace covenge lap�od or ceased to „ `�°.�,���•
<br /> � be in effoct.Leader will secc;�t,use and ntafn these paymente as a loss reaerve i� lieu of mortgage in.9urence. Losa rasarrre s.. . _ ; _>� .
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<br /> Fam 3028 °
<br /> - ` , 114- 1365 .��
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