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<br /> . � $. N8Z8Td �P•�0�� BOI!'OL11C!S�I � ulC�j1101tC�ALS�O%�StIQ$ OI�CIeBRCf 8I�OD t�C
<br /> ..�:�`�� - pragertyr iast�red agaiast Ioss by �r.ha�ards�acIuded wIt6ia the tetm °ext�tded coverage°aad any ather haTard4. includ'mg
<br /> = � �,.^cds or t3sding.fos�hich l:�ier r�is�s i�ss:rs�ce.'l�ss iss�uas�st�a!!be�;�rAin�#a the smounts aati for the petiods
<br /> a,n;:,�� Naz Lender requires.'�e insuiance carrier providing the insuranoe shall 6e chasen 6y Horrawer sabject w L�nder's appmval -
<br /> i j? }. wmt�a�4i.aot be u�mz�iy��yvi�d if Sortowet fa.its w��tai�oovetage descrii�a�nve.I�n�r may.at L�der's
<br /> �;� <'r .�_� opdott,oGiain aa�vetage to prutas�Lender's rights in the Property en asoordanr�with patagrapb 7.
<br /> .°��..:; �< �.� A!1_nas�urateae polici�s and�teuea�ats shall be a�t�bie to i�euder and shai!ittciude a standard mortgage clanse. Lender
<br /> " '�-'• "`f` Sh211.fk1Y0 tbe ri$htt0 QOld th8�11iCiES�l[CpCWe1S.If Lendor,_requjr+es,Bonower shall.pmmptiy give to Leader all receipts of
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<br /> �_ . ,•.� . 4 p$id pnsa�iptttxaud cenewa!nodces.In the svent of loss.$ort+owE�.stsaii give prompt aatlae to thB:insurance carrYcr aad Lcader.
<br /> .;.° . '�. � I.�rx�er m�y:ma+�e pmof of tuss ilF aat made P�PUY bY,$�!�@r_,. � --
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<br /> =+� . �:. , Unlasa iyender and Bormw�v otherwise agee in at�in�,:in�uanoe pmcee�s sbalk Qe apptied co reswraaoa or repmir of ffie. _
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<br /> �� P�u�tp.Qamaged,if the restorutian or repair is eoonomicaily�feas�'hle aad Lender's seauity is not Iesseaed.(f t�a mstotatioa oc_ _
<br /> _ �4�' repair Ls nat eoouuttlicaliy feasb!$or Lender's securit�r�oWd be lesseued,the ingurance pm�eeds shal!be applied ta tbo s�a�. _
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<br /> r se�red by Wis 3e�urcty Iasu��whe3her or not then due,aith any exces4 pa�A co Eomower. If�Botrower aharrrlon��, - �-:
<br /> .:."``_ �:� propt�ty,os does not anS�ver witbiII 30 days a uot3CC fmm IxAder that the inrnran��.c3Etiet i�s offered to SeitIe�CI.�y tl�;:.,::_;'��
<br /> . '°. :` Leader may coi2ect tbe ins�ance proce�ds. Lender may as�the pmceeds to tepa.ir os,restare the Pcop�ty ar w pay�si�;:;;':;'`>:'
<br /> '� secared 1ry this Se�ity Inslsum�t,whethr.�ar nat then dus.The 30day period arill begiu w6ea the nntice is given. .,�::��,
<br /> �'`,. �.;' �` Unless L�nder and Borrowet athetwise agee in wrIting, anY aPtJ�cation of graceeGs to principa!shall nnt extead oit�:.=.�::�:'.
<br /> ' - .. poslgone the dae date of the montWY PaJ��iefenred to ia paragrapbs 1 aad 2 or c�ge We amount of thc psey,menis.�T���:=':
<br /> � . un+der paragrapb 21 tke Propttty is acguired By I.ender.Sotrowes's right w any insuzanoe policies and prooeeds�g fmm� ;
<br /> :::•<:.' damage to the Pro�xfi►prior tp tE�c aaiuisition shaU pass tfl L:cnder w the extent of the swns secured by tbis Security.[t�mumeat...:. .. .�`.
<br /> ��J+Prior to the acquisftion. ' � , � ' _
<br /> � ;� ; � 6.OocaPauc9.P�+eservaf[oQ,M�inf�e snd Prote�ion of the Prop�ty;Bon»wer's I.aan Applicat�aa;L�setiuid�,.::�'<:�' ``�
<br /> - • • '< Bomower sbal!occupy.est�blish.and tise the Property as Borrower's principai residence within sixty days aftes the executiom 6t",":''-.`��'�;;F;_
<br /> - ' ��r`,� `l �`: �ti�is SecurIty Instrument aud st�3 oontinue to oca�y the Pmperty as.Borrower's prr�al residence for at teast oae yeat afte�;:�::<:%`��:•,.',;�-
<br /> ,..: �� t We date of o an . agc+ees. .. g . y . ,:, `:
<br /> . ccup cy.aul�F�nder otheranse ua wrma ,whcct�consent shalt:irot be uureasor�abl witbltetr�;oitmtess . ;.
<br /> � •; exteaaating dn�msmnces �isn-svh[ch are beyaud Borcawer's control. Bormwer sspial! not ttestroy. dama$e of�i:npair��ite' .; k,,;
<br /> `- Propetty,allow the PmF�r�y`t��etedo�ace,or wmmi��:on tlte Property:Bormwer shail lse in defauIt if aaX forfeiNr�� , -
<br /> � ;� � aotion or pnocceding,whet�r�,A��iut1.is�Se¢uri�d�pt;iu�;J.ender's gaod faith jud$�ueat coWd msult in forfeitu�of tHe�� �
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<br /> t 3r,� ;' t�mrw�,nr nfhnraricn matptiniltr��i�etia'�,.�abJvo•ih�u�Qwrvnitv�nstrumet�t As I�tedBC's SeCUritY iIIteteSL:H��Dwet t�dy � -
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<br /> .r # �.s.uc3c a default and reirc�e,:�s�ravi�,�,��};��:�3p caasing the ac�Ion or pr�aeeding to be dismissett�n a niiing
<br /> � ,��,,N� -p; $�.�it;i��n;�t.�ndds gaad faith��..�indes t�otf¢iitire of the Boimwer's i�etest m the Property or o��r m�erial
<br /> t,-�T: ��.� imp�ani o�:�}ni,�iea created Iry this Se►i�,t�t,Instm�aent or Leflder's security interesi. Bona�wer sliall atso 6e in defauIt if .
<br /> � Sorrower.dm�ag.i�loan applic�tiou pmoe5s,gave materially false or inaaa�rate iaformation or�tatements to Lxnder(or failed
<br /> ` � to pmvide Lendx��'vith any mater�al informatioA)in connecaoa with tAe toan evidenced 6y the Note.inciudiug.but n+ot limited
<br /> :��i�r;.�f��-�-; ' �� ::.ta���r¢seatatibaa sanceming Borrawer's occupancy of sha Property,as�a principal resldence.If this SecurIty Insttument is oa a
<br /> ..• -, °" 'r , o�d; Borrower sha11 comply witb all tbe provisions af the lease. If Borrower acqaiies fee titie to the Property, the
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<br /> • � °� �,pe�isieiiold an�tAe fee t�tie shaU not merge ualess lxrtder agre�s to the merget in wrIting.
<br /> '" �."� 7.ProYedion of I.eades's 23lghts in We P�+u�tj.If Barrower fails to perfarm We oovenants and agreements contaiAed i.n
<br /> :,:.; t6is':�ecarily irictn�ment,- or tLe[e is e legal pmce�Dg the!may 83guIfcc�ntly effest Iender's rights in the P�ogerty,(suc6 as a
<br /> t. :. prpt�eing ib barilauptcy.proqate►•t'or condemnation or forFeit�ue or to enforcc tawa a���gWations).:the�Leadec�naay do aad
<br /> ., t�D�whatever is n��iea.,�mteut the valae of the Property and Lender's righlr��i�.the Praperty. LeudC�''�j�eions may
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<br /> ,.<.;•-, -.. -�: iac��e Ps►Ying any smns sea�°�by a l�a:whicb has prioriry over th9s Serurity Inst:ument, appearing �n'�ci3�a. PaYmg
<br /> __ �= t;:': reasanable atiar�r�n�s'fees an,�entering on t��Property to make repairs. Although I.ead�r may take acdon under thls paragraR�,��, •
<br /> _ -:` °:' 7,Lender does.�cR,�ave co d�so. ��,,.:
<br />.='`���:�:��: � ��:: ` . Any amouras disbun.�d�y l.ender uader this paragraph 7 shall bemme additionai de6t of Borrower secured by this .
<br /> ":"°" � _;��. ' �;.., Se�udty Iasmument.Unie�s.Beraower and I.ender agee w other terms of payment,t6�sc:.amwnts shaU bear interest fram the
<br /> � '�'`,:;�{t �=�} date of disbwsement at the��?ate rate and shalt be able, with interes� u on ncUri+��cC r'er tn Bormwer g�
<br /> ;,, ' , ,, PaY p ,�a L;�. requesNn
<br /> . �. •;�r. ,, � payment. � . � .• ' • ;;r . • �.;��.
<br /> . ,:.�' ' •i 8.Mortgage Insw�ssr,e.If Lender required mortgage insarance as a conditimt of�,2king the Ioan secured by Uus Secnrity �,
<br /> :.:`,'. • � ..i Ins�niment, �onuwer shall p�j the premiums required to maintain the mortgage�ace in effect. If,for�any reason.�the
<br /> `'�� � •�: d mortgage inswance wverage required by Lender lapses or oeases to be in effest.Bcr.iw�ver shall pay th0 premiums rcqui�d to
<br /> - • � obtain ooverage•substanttatiy eq�ivatent wt�c mortgage insuranoe previousty in effett;'at a.00st substandally equivatent w ths.
<br /> . � `;::;;�, l:� cast ta Borrower ai tiia.mortgage insurasu��u+eviously in effect. from an alLemat�mortgage insuiiur appmved by Leader. �
<br /> '•( ,�� substan�ally eq�ius,E,nt mortgage insurarnce�rerage is not avallable.Bc�mwet shall pay to I.eadcr.am�s month a sum equal•itx���
<br /> • � one-twetRh of t�ae}�early mart�ge i�tsuis�-��mium being paid by Boreavier when the insoranoe�ut�et�ge lapx�d�r�oeased ta-��':
<br /> ,�' ,,. .. :E be�its�ffocc..Le��..��will a �,.u�a aud�these payments as a loss reserve ia lieu of martgage iasur.�n�.��ss reserve .
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