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<br /> '*;;.• . • 5. Horard or FeogPtty lnsureat�e• Borrower shall keep the improvemc�rts now exisdng er #n�mafter erected on tlee �'.'�
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<br /> . .�.:,:,.'.`.: Property insured agaiast loss by fire. haiards included�vitiun the term 'exteaded rnverage" and az��othGr har,mr+ds, including
<br /> . . - ^� floods or ftooding,for which l.ender requires ii�surance.This insuranoe shall be maintained in tl�:��ts and for the periads
<br /> �. : ' ` • that Lender sequires. The insurance c�rrier providing the insurance shall be dtpseo by Bnrro�ti�er subym_t:lu l.ender s approva!
<br /> ' �vhich shall aot be unirasomabty withheld. if Borrower faiis�o maintain wvorage described ��•c. Lc.s�der may.at Lender's _ '.
<br /> �� a:�.` '..�.� option.obtain ooverage to prot�xt Lender a rights in the Propeiry in uccordance with paragrapSe 7.
<br /> All insurance palicies and renewals shaf!be aoceptabte to Lender and s�tul! inciude a st�ds�d mclrrgage dause. Zender
<br /> �t�`����`; , . ., shall have the right to hold Ehe policies and renewals.If Lertdcr tequires.Bom�wcr sttall promptty girM;p�f.endec all receipts of
<br /> . `. f�." ' paid pmmiums and rencwal notices.ta the event of toss.Borrower shall give prompt notice to th:insurax►ut'carrier and i.e�tder. ;.
<br /> ' � Lender may make proof af toss if not made prompdy by Borrotiver_ • `. '
<br /> ���: U�ess Le�tder and Born►arer otherwise agree in tivriring.inseuance prooceds shull be agplied to r�xc►.mtion or mpair af the
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<br /> � ; .,.;. Property damaged,if the restoration or�►air is econamiral[y feasible and Lendei s security is ieot ics�►ad,If the restaration ar
<br /> - . . � - repair is not economicalty feasible or Lerxter's security woutd be lessened.the insurance pmr�ee�sl�fi bt apptied tfl the su�s �
<br /> • secured by this 5ecuriry Instrumem. �rhether or not then due.witti any e�cess paid to Boma�r�r. If 8tr�sowec a6andons the �`'
<br /> - •��'.,:�t'''� Property.or daes not enswer wiWin 30 days a norice fmm�.ender that the iasutance ca�rier has affeaed it►settte a cta�.then -
<br /> ' . r:• .. :G�:. ''w I.ender may ooliect the insurauce pmceeds. I.ender may use the pm�eeds to repair or ceswre tho Property or to pay susns
<br /> . ';,:� � �`'. :ti.�;.� secured by tdis Sernriry Insuument.whether or aot then dae. 7T►e 3Q�day pec�ad will begin win�n sha u:�icm is givea. :,
<br /> ,^ . . Unless Lender and Horrower otherwise agree in writing. amy application of pmceeds ta prina�aii shall not extend or ;:,'�:
<br /> �`• ` :;t` postpone the dae d�e of the awnihlY PaYme�ts referred w in pazagraphs 1 and 2 or change the a�muat,of the Qayra�nts. If
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<br /> , under paragtaph 21 the P�ppertY is accluirec!by L�ender.BorroNer's right ta.any iasurnace pofiaas a�c!pNOeeQs resulting from .
<br /> . ' " - damage to the Property prior w the acquisition shadl pass to L�euder w ttte exteai of the swns s�red bp th�n Secinity Instrum�t
<br /> , � immediatety priorm the acquisiHon. • _.
<br /> - • "` 6.tA�q.Pt�rvatfan.lRilai�enancc aad Ptoi�ion of ttte PtoPR�9i Boriofs�'s Losn A�pSf�oW Leasrholds. � ,.-
<br /> � ��` °:.. ti;f�;`": Borrower shall accupy.establisb.and me the Pcoperty as Borrower's piincipnt resideaoe cvithin sixty.dtry4 after the execution of ��`�;
<br />,_ - : t:.F.',_;��_'. . this Security Instnimem and shaU continue w axupy the Prapeaty as Bomnwer's princiga!residenc�far•�t least one yesr after :� .:
<br /> ��:, '<�. '. tbe datE of occupancy.onless L�der othera+ise agrees in writing, whtsh ooasent s6al1 ruJt bs umessaoa.hty arithheld.or antess ``
<br /> �e::;.�" ' extem�ing cim�mstanees exist wiuch are beyond Borrower's contml. Bdrmwer shal! not desttop., dumage ar c�upair the
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<br /> ' P�aperty,altaw the Pcuperty to deteriorate.or commit waste on the Pmpetty. Borrowe,r sha11 be in daia�lt if anyr forfeitnre
<br /> ,. _�,�. . ' actian or prooeeding.whether civil os criminal.is begun that in Lender's gaod faitb jadgm�z aould�it in forfeimre of the •`,'.
<br />- - _ °'"�::.:'_ ProFzrty or othecwise materially imp�r the lien created by this SeQUity Insavment or l,eader's sec�rity interest� Borrower may C. ;.:-
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<br /> • eace such a defanit and reinstate.as providad in paragraph 18.by causing tha,action or pmce�d7ng w be d'ismissed with a niting
<br /> d�at, in Leuder's good faith detemnnation, piecludes forfeituie of the Bonvwer's intemst in ehp Ptopc�ty or other material � �•
<br />- `�' impatrment of the lien created by this Secvrity Instrument or Lender's sexaurity interest. B�roa�;r sh�l also be in defauit if M::`r.-
<br /> '�. �:;: � .. Bormwer,darin8 the loan applisation prooess.gave raaterially fatse or i�te infom�atian or suo.em�its w Leader(or faited _,_
<br /> •. •�. .:,�;;� to provide Lender with anyr material infomzation)in conne�ioa with the loan evidenced by tb�DIMx,irn.��tding,bnt not limited �;---
<br /> --.�• �r``I'y`��:i,':;:��.: '. w. resentations concernin &t�iv�ver's ancy of the Pco as a risua al�d�ce.U thi�Se�.uity Uuuument is on a =---
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<br /> . . . , f!., �.. leasehoLd, Borrower shall co�y. with all thc provisions.of.the�ease. If Hormvc�c oc.qaire3 fa3 atla to the Pioperiy. the =-
<br />-- .` - •• �`? �` l�old and ttte fee tide shalt iu�t merge uflless Lender ag��:to ttte merger�n.wrhieg. v-._
<br />- .••°". :,: '� _ 7.ptotecttaa�8 Lender's ttights in the Qtnperty.If Svrrower faiLs tn r�rform t&e covest�ts as��a;ceemeqts oontained in --
<br /> - . . . this Security Insh��xit.or there is a tega! pmoePding tLat may s}gnificantly affect Ler�der's ri�trts in tt�e Property(sach as a __ .
<br /> _ ��..,':.� . , proceeding in banlaaptcy,pmbate,for oondemnation or for�eiture or to epfoc�e laws or regul2�tons)..thlm l.en�er may do�d _
<br /> - ... '.� PaY for whatever is necessary to protect t�e valae of the Propetty and Lendec's righis in th�Prop�ty.:•Lc.mder's actions rnay _--=,..
<br /> . . . • include yaying aay sums secured by a tien whic6 has prioriry over this 9eauity rn�*�+�*�b appearing ia wurt, DaYinB --_- .
<br /> .. � reasona62e attomeys'fees and entering on the t�toperty to make repairs.Althangts Leuder msy tate acEian under this patugtaph �.-_
<br /> -- � : 7,Leader daes not tt�t�to do so. ... ....
<br /> , :��� My amounts disbiu�.,e�t�a��xnder�inder chis F�S�Ph 7 shal! become additiqeal deM of Bmrrawer sscured by this _ -
<br />— � � Sect�riry Instrument: UN�s D�rrsts►�.r and Lender agrce co.euher temis of paymeni.ti��ammarnt stsa9l bear interest from the
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<br /> . �V s• �I��'� � � date of disbursement at.�.h.e id;iR:.�te and svall be paya'�f.��.with interest, upan notica.y frarn Le�lde:rr ta Borrower requesting �-�,�_
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<br /> .: . �� ..�•; payment. � . � _
<br /> S.Mortgage Lt�ss�aace.If Lender required mortgage insuisnce z��usndit}on of majdog tb�tcra���secut�ed by tbis Seeurity
<br /> .. . . �., • • /nsuument, Borruwer shall pay the premiums required to maintain d1e mortgagc insu�arue in effe�ta tf. for aap tt�san. ttie �::�:%-
<br /> - '� ••�� �''�•� ,� �' mortgage inwraace coverage required by Lender lapses or c�es ta be in effect.Borrower shilf pr�y�t�te pmmi¢t�r+sc,uired to
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<br /> •� obt�n ooverage substantially eqtiivatent w the mortgage ir�urance previously in effect.at a wst s�at�►ta.�ntially eqniti-�I.��nt to the —"
<br /> , � •'� oost to Borrower of the mortgage insurance previously in effed, from an altemate marigaga ire�ur�r upproved by l.ender. If '�,:'
<br /> �� , � substantially eqnivalent mortgage iruuranoe ooverage is not available.Itorrower shall pay to Lesede��et+�mflnW a sum equat to
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<br /> ___ .�.� one-tarelfth of the yeariy mortgage insurance premium 6eing paid by Bor.rower whe»the insur�e ca��aage lapsed aC c,eased to ��.�_
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<br />.-- �•,f'�:i,`�•�; • ,;� 6e in effect.Lender will aocep�.use an�retain these paymer.ts as a loss reserve in lieu of ��� in3urance. G1�=. cesezve __--
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