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<br /> � S.Ha�rd or Prop�ty Ensarence. Borrower shalt keep thc impmvemmts now eaisting or hereafter erected on the Pmpescy
<br /> , insiued against loss by fire. dazards iacluded within the tcrm "extendeA coverage"and any other hazards, inchcding Roads or �: `
<br /> ' . Raoding.for whicd Lrnder requses iastuance.'Itiis ir►curance sdaU be maintained in the araouats and for the paiads ihat Lcader � , .
<br /> ccq�ire.c,Ttte utsvr,�nce t�ier providing the iasurance shall tie chosen by Bonowcr subject w I.eader's approval whic6 shalt aot � ' ,
<br /> � be unreasoaabty wiihheld. If Botrowcr fa�7s to maintain ooverage descn'bed above, l.ender may,az [.euder's option, abtaim ft� '
<br /> � • c,over.sge to protecx I.ender's rights u�the Prope�ty in socordancc wiih pa�a�aph 7. I
<br /> Atl insuianoe policies and renewals shall be aoce.ptable w Leades aad shall inctude a slandaN martgage clausc.Lender shall { ..
<br /> ". have ihe rigdt to hold the policies and cenewals.If L.eader reciurces.Borrower shall pmmptly give to Leader all receipts of paid f '• �
<br /> ' premiums aad renevval notices.In the event of iass.Bomnwer shall give pmmpt notice tn the insurance catrier and L.ender.Leade.r ;
<br /> . ma}r make proof of iasq if not made pmmpity by Borrower. j , . .
<br /> . . UNess Lendea and Borrowea othemise agree in wriring>�s�aauce P'rraoeeds sha11 be aPPli�ro restnratioa or rcpair of the � �
<br /> �P�Y�g�if the restoration or repair is economiralty feasi�Ole aad I..eadcr's se�uaitY is aot tesseae�.U the resuuafion or � , .
<br /> . repair is not eoonomiplly fea�te or Lead�'s securiry would he iessened,the insuraace praceeds shall be applied tn the sums
<br /> � ` s�by this Sec�nrity Insuument. whether or not ihea due, with any excess paid to Borrowea. If Boirower a6andans the �
<br />= ' . Ptoperry,or does aot answer with�30 days a notisc from L.euder that tlte�sviai►ce carciea has offe.�ed to seatc a claun.then ; • :
<br /> . Lead�may collect the�*+s���proceeds.Lender may use the pmceeds to repair or resmre the Pcopertp or to pay sums sea�red �' ' • ` _?;
<br />_, by this Sec�uity Instrument,whether or aot thea due.lhe 30-day periad will begin whea ihe notice is�iven. �� - ��.°.Y:
<br /> • Unless icndei and Baim�wer otheswise agree in wniin8>�Y aPP�an of proceeds to princi�al shall not eutend or pastpone •
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<br /> � � the dtte daie of the montblY PaYmeats refe�red to in parag�aphs 1�d 2 or c�ange the amount of the gdyments.If wnder pa�a�apb � - ;'
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<br /> . � Zl the Pmpeny is acquired by lenders D��w�$n�t��y�y�-��•e$aQd��lGa•••••••g ���� � � `„r,-_
<br /> � ` Pm�esty prior to dee acqaisition shall pass w I.�der to the eateni of the sums s e c�u e d by t h i s S c�rn g I n s t m a i e n t i m m e d i a t e l g � � `'``
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<br /> � pricu tn the acquisition. .`�::;f:
<br /> 6.Q�pauc9,Preservation,Maintenance and Pro4¢s�ion o!the Property; Bas�wer's l.oan Appl�satean,l.easehoIds. ��;:;,�;� � '- '.._,�'Je,.:
<br /> _ . Bmmwet shall o�upy,establish.and nsg the Propeny as Baaowe�r's principal resideuce within sixty days aftrr the execution of ;4,; ;
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<br /> ;r ttis Security Insm�ment and sLaII canwlue w oocupy�he��aty as Borrowet's prmcipai residence for at ieast one year aftcr the ��`'.��'':��.� �• �°•
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<br /> _ date of aaaiQ�cy. unless L.enda olh�vi.�agcee.c in Rr�, which consent shaU not be unre�nably witdheld.or unless i;`':f`:��:. . .'?,,�i.,.
<br /> - - � -� exten��ating ci�amstances acist whidx�e b�rond Boaower�contml.Bormwer shall not desuuy,��or iwpair the Property, �•:.::t;:',; � �r�'�
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<br /> • •� a11ow the Property w deteaia�te. c�cnmmit was7e on tt�e Ptopercy. Bormwear shall be in defau:t rt�� f�d�e ac6oa or s:�.�.;; .. .
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<br /> .`;;. . � pmceeding,whether civ7 or cri�al,is be�u�thaz in Leader's gond faith judgment could�ult in faaf�r-,��f�e Property or ;`::. ;x;;'�i ;
<br /> otherwise materially nnpair tAe tien creared by thi4 Security In►7mmant or Leader's secviity int,eres�Bc��er may aue suc6 a '. �tt.:�.
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<br />':�t � defautt aad rei�tate.as provided m Pazagrapb 18.by causatg the astion or pmc�ed�g w 6e dismissed witb a rutin8 tLat.ia ' �.: ,.
<br /> , i,eader's gaod�detem�ination,Preclades farfeimce of the Bormar��i�triest in the Property or oWcr material impainneat af { °�.' �..�
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<br /> =;i , � the T�a c�eated�this Secauity Instrumeat or Lendea's ser�ity inter���owea s�all�1so be in default if Bocrower,during the r����:�.: '- . � ::;;;
<br /> toa�aaplisation�t:nc�e.�,g�►e mat�ially false or inacxiu�ia�r-rrL_�ar statemeat��u L�ader(or faled w provide I.e�nder with :�;';�;` :f:!
<br /> `:; . any matEiral ?-y5�smation) m conneqion wit6 the loan c�:i'.�xd�g:�e Note. Inclnd'mg,but not limited w, repres�ntations • _;i�s:
<br /> concemirig Ba�aer's occupancy of the Propeaty aq a p�cipal residerr�e-If ihis Seauity Instrnment is on a leasediold,Borro�vear .`;:..j.�
<br /> � . � 'I� shall compty aiii�all the provisions of the Iease.If Boimwer asquaes f�tNe m the Ptoperty,the leasehotd and the fee title sha�!� . -.;: :':':T;�,
<br /> `''•i.� �• nat merge�mlcss Lender agrecs w the merger 6�writing.
<br /> ;�� . �.P�rotection o!Lender's Rlgbts in the Pro�¢rty. If Boimwer fa�1c tn parfarm the covenants and agreements contained in _ -
<br /> .; • . �_ �S�curiry LasaumenL or there is a legal Pm�dmB that maY significantly affect Lendea's rights a�the Property(sucL as a . . .:: .�:=:��::%'
<br /> �� � ;;.;;.� p�aceeding��uptcy,pmbate.far condemnadon or forfeimre or to eafoice laws or regulations},then Lemder may do and�y.
<br /> � ������f;� f�or whatever is neccssary to protect tha watue of the Property and I.ender's rights in the Property.Lender's actions may mciv� . -
<br /> ;'� � paying any sums secured by a liw wtuch has priarity over this Sec�urity Insmuncut,aPPearing� cowR.Pa3+�8 reawnabie
<br /> �'s�:,'�� �_ �neys'fces and ente�ing on the Praperty to make repaus.A1tLoagh Lenda may�'ce acrion und�this pa�agrapA?,Lende�r ' . .. .
<br /> �. does not dave w do so. '
<br /> My mnounts disbwsed by L,ender uader this paragtaph 7 ahall become additional debi of Bmrower secured by this Seciuity . '`:`•r;:�,`
<br /> -.,; . . . Inswme�nL Unless Bomowe�aad Lender agree w other tenn4 of PaYmen�these amotmt�shall bear int�est from the date of ':y,�"„
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<br /> .. ' disbu�sement ai ihe Note rats and shall be payablc,with interes4 upon norice fmm l�der to Bomower requesting paymen� ' •.Yr,,::.
<br /> - 8.Mortg�e Insurenc� If Lender req�rir�ed moitg,age inguiance as a condidon of making the loan seaued E��this Seauity . .
<br /> L�strumeat, Borrowea shall pay the preaL�� req�irec�en maintain the mortgage insvrance in effect If. for �y rcason.the . . •.._.
<br /> '� . mmtgage insurance covaage required by F�aer tapses er ceascs w be in effect,Bmmwer shall pay the preiaiums reyuired to
<br /> `y � ' obtain coverage substantialfy equiva2ent t��mortgage insumnce pteviously in effect,ai a cost substaatially equivalent to the . ' • �
<br /> ,��. � oost to Bmmwea of�he mortgage insurance previousiy in cffe�ct.fmm an attemate mortgage insurc�approved by Lcaid�. If ..
<br /> s;:� �� substanfially equiva2ent mortgage inswance coverege is not avaitable.Borrower shall pay fn L.ender each month a sum equal to
<br /> ',�;��#'' ;. one-twelfth of the yearlY�r-c�8e insutance premium being paid by Bomowe,r when the insurance coveaage lapsed or ceased to �
<br /> ,�`'s' ' j,� be in effect L�r�r will accept,use anQ re•ain these payrnents as a loss reseave ui lieu of mongage insurance.Loss reseave �
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<br /> ";;.'' Form 8028 9r:� '
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