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<br /> � S. I(otsM or I�roperly Insurnna� Rorrower shr,ll keep tho Improvements now existing or hercaRer tnsxad or� r,hr.
<br /> Propctry insurcd againsl lots by flro, hnrnrds Inciudecl widdn thc icmi 'exienACo mvcrngc'and any mher haz:uds,imhr�ing
<br /> ilnods or OaxIInE� fnr whlcL 1.cndcr rc�ulrcs insurnnco.7'his insurenco sitell bo mnimninal in tho amnun�5 and for tho pcArdc
<br /> • thnt Lcnder nx�alres. T1�c tnsumnco carder providing the insunnoe shnll bc chnsen by Ilormrvcr subjttt to i.ender's approval
<br /> wliicl�shall no�hn nnreasonnbly withheid. If ISorcowm fnils to maintnfn cover�ge described nbnve, t.ender may, u� f.ender's
<br /> optlon,obtn(n mvcmao to pmi�I.ender's rights In�hc Propcny in accordana wi�h parngrnp4 7•
<br /> All-Insurance policies nnd rc+xwals shall bo ncecplab:o lo I.endcr nnd shnll inciude a smndarA mongago clause. l.cnder
<br /> shnll imvo q�o dgW to hotd�I�o palicles and rcncwnls.if l.endcr re9uires.Iforrower sh�ll prompily givo lo l.ender ell rccCip�s of
<br /> � pa1J premlums nnd rrnosvai nolices.in�ho evem of loss,IIorrower s6nll yire prompi noliee lo lho insumnec carrier und i.ender.
<br /> l.cnda may maka pronf af Insx if not mndo pmmpily By 13orcnwcr.
<br /> Unlcss I.endor an�t Dorro�ti•cr mhcnvisa n�rw In wriiins, insurnnco prococds shall bc npplicd to resmmilon or repale of tlm
<br /> Propeny danuged,If Ih0 rtslurulfon or rtpair is eeonomicnlly fensfhlo and I.enJer's securlty Is not lessuned.If Ihe teslora�lon or
<br /> repalr Is nnt eco�wmlcaliy feaaibl.or l,cider's sceuri�y woulA tw Icsunal,tha Insura�xc procccds shall be applicd to�hc sums
<br /> securc�f by Ihis&wri�y InstrunKm, whe�hcr or not U�cn duo, whh nny c�cccss paid to Barrowcr. tf Oorrower abandons the -
<br /> Propeny,or das�at answtr wlihin:i0 dtys a nalce trom I.ender thm tho Insuranac carrier ha�offcrcd m�culc a claim,thcn
<br /> t.endcr may mllat the insuranco procetds. I.endor may uso tho pracads m rrp�ir m rcsmro ihc Propeny or to pny sums
<br /> � smircd uy t61s Scsur(ly initrunxm,whcihcr or rat thcn due.Tho 30•dny pericxi wlll bcgin when�hc noiicc is gfvcn.
<br /> Unlcss I.cncicr nnd Bnrroxxr olhtrwisc ngrw in wrl�ing, nny npplicatlon ot pramds to pdncipal shall not extend or
<br /> past�rono iho duo dato of il�o monihly paymcros rcfcrrcd io in paragnphs 1 nnd 2 or clmngc tho nmonm of thc pnymrn�s. If -
<br /> under paragraph 21 ihe Propeny is ncqulrW by i.endco Ronower'a dght to nny Insumnco�alicfes and procxds resulting from
<br /> dnmago to the Ptopetly pdor to ihe acqntst�lon sSall pass m Lender m tho ex�em of�ho sums secured by ihis Secud�y Imtrunxm -
<br /> ImmWlately prinr�o�ho ecqnisltlon. --
<br /> 6.(kcupmcy,Prescrvallon,Maintenance nnd Prottttion of ti�e Propertyi Borro�rer's I.oan Appltratlom,I.eastholds. "
<br /> 6onower shall occupy, esiaUlish�3MI USC lI1C PfOrCtlY PS BOROWC��S(1fI11CI�1,I resldenco�vittdn sixty days aIIer the execullon of
<br /> iLfs Secud�y instmment and shall continuo�o occupy tho Propeny us Donower's pdncipal residencv for.t t�..at one year aficr -�
<br /> thc da�o of occupancy, unicss Lcndcr o�hcrwiw egrces in wrlling,�vhich cronunt shall not 6c unra•..sor.sDty witH.h Id,or unleu __
<br /> extennsting ctrcums�ances ealat which aro beyond 6orrower's comrol. 6ortower shall no1 desttoy, Aamage or imp�ir thx
<br /> Propzny, xlWw et.e Propeny �o detcdoreto, or mmm0.wacic on �ho Propeny. Dortower shall be in dafa�;c if any forfeimre -
<br /> ac�ion or procceding, wFxther civil or edminal,Is begon�hat in Lender's goal faith judgmem coaid ren;tt in sorfe(mre of�he -
<br /> Property or mherwise ma:edally impstr�he Ifen cceattR Ly Ihfs Sccudiy Ins�mmrnt or I.ender's securi�y i�ue.cs;.Bono�ver may ---
<br /> - curo such a defxult nnd rzinstate,m providcd in pnvagrap6 18, by cxusing the x�iun or yroc.�lieg t�Ue dis�iivtd wi�h a ruling
<br /> U�a6 In Lender's gaoci t:(th determin:aion. pr<clu:irs forfelmrc of�he Dorro�t�er's intrrcs� In ehe P;openy ot oiher matedal -
<br /> � impaimien!of Ihe Ifen crra[ed by Ihis se:urity insmimenl or Lender'x securily interesl. pono��rr sha!!also be in defeull if �
<br /> � Aorrower,during the Iaan applicailon proccss,gme nm�dally fnlse or fnaceun>.c a�?vrmx�ion or s�atemeR io Lender(or faited `
<br /> m provide Lendcr widi any malerial Intormntlon)in con.xclion wfth�he!wn ceiaexcd by Ihe No�e,incluii1e,bn no�Iimitcd -
<br /> �n,repressma�ions conceming Dormwer's occupancy of ihe Proprny as a pmecip:J rcddenca II'Ihis Securi�y fn>trument Is on a -
<br /> Ira:thold. Bortoirer sh^!I coneply �rl�h nll the p:osisicas o( �h: :a�sc. If Oarrohxr uiyUlfLS ka Utla to ihr Pio���y. the �-:-.
<br />�� Ieaschold m��he fcc4i:lc sha11 no1 mcrgc untess 4ender ngrees to thc irarger ia�crf�ing. _'.
<br /> 7.ProlCCtlmi ni Q.endri's Rlghis In Ihe Pn}srrry�.It 6orrmver fnfls lo pecibrm�he covenaNS and agrcciums comalncd In !'�'
<br />_ �his Secud�y Inslrum¢n6 or iherc Is n Icgal prncecdi2e �hat may significmnly a;k�ci Lcudcr's rigMs in Oie P<aprny (such os e
<br />. praeeading fn bankruptc��.pmlute, tor condemn�vion or forfciwre ar to enforce laws or regulatlons), fhen Isrder may do and ;*'�
<br />, pay for whatever is nece�mry to prcceci the vnlue o!the Propeny and Lender's righ�s in ike Proxny.Isnder's acUons m.ry
<br />_- include paying any sum�secured b�� n licn which hus pflorily over Ihfs Security Imtn�aen:, nppenring In coun, �aytng `
<br /> rtasonable attomcyi fe.s,nd cmering on the Propeny to makc repalrs. Al�hough Lender m�y mkc oc�ios un�er�his parugraph '-�-
<br /> 7.Lcndcr docs nm have�o do so.
<br /> Any amoums disbw�ed by Lcndcr nr.der �his paragrzph 7 shall bemme addiiional dcSt of Borrmccr uv�tA 6y U�is -
<br /> Scwri�y Insnumem. Unlcss Darron•er:md Le�ulrr iigrec m o�hcr tcrms nf paymrn�,thae nmoun:a aha.l bc.r imeTrst fmm�hc �=.;
<br /> da�e of dlsbursement nl tF.e Nole rate �md shnll he pay�able, with in�cresL ugwn noiice Gom Leider io itorrower rcqucs�ing ;>.�.
<br /> payment.
<br /> 8.Motlgage Ianirnnce.if Lender«quired morcgage insunnce as n coreli�i,m of making the lou�recurcd 6y lhis Securily
<br /> Inswmcm, [torzowcr shall pay �hc prcmSumc mquired to mainmin �hc mortgagc Insurnncc in e(ftc�. It, for nny rcason, thc -
<br />- mongage Insuranee mveragc rcquired by Lender la{Kes or ce.vses�o be in e(fec4 6orrower shall pay�he prcmiwra requlred�o -
<br />-- obtaln wvemge subsmmially equivalent to�hr mnngage insurance previously in effec�, at a cos�subsdmiially equivalem to ihe -
<br /> mst to Dorrowcr of�hc nwngage Insnrancc pm�ioasl��in cffec�, frmm �n ahcrnate nwne3ge insurcr .pprored by Lcnder. If
<br /> subqantinily equiveient mongage insirzar.ce coecmge i..�vt axails!de,Oorrmscr shall P�S m Ler.der cach�roat6 a sum cqual�o
<br />�_ ono-nvcl�h of thc ywdy mongagc inwrauce prcmium hring paiA M1y Oorro+rcr whcn�Fr insnnnce rnvengc lapsid or�racal io •i..
<br />- bc in c(fcc�.Lcndcr will zatpt,ust ar.d cetain�h:se pa}��renu a .�lou rescn�e m h.0 of n:ongagc insnrancc. I.n�c rescnro `��
<br /> Form 3020 B180
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