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<br /> , ���h g. U978t1�mP BIU�� T[LSIII'BROC. �OlYOWCI SbBll �f116 lIItpTOYPdlI�IItB IIORt,Cl[IS[lIl�, Or h2iC�CT E[�OII t� —
<br /> � . Pnopeciy insurea against loss 6y fire.hazaMs include8 witHin tHe term°eatended cavesage° aad arry�t�er Ga�ds. iqctuding
<br /> ` `.��` Qaads or fiaading,for wluct�Lender ieqnires insnsaaae.This insuraace shal2 be maintaiaed in the amaums and for the periods -
<br /> � tl�at I.ender�equires.1Yte insuranoe cazrier providiag the iasuraaoe shaU 6e chOSen by Bo:rowei su6ject to I.ender's appmval -
<br /> '�'� whic6 sfla11 not 6e uaneasonably witbheld. �f Bo7rawer fa�7s to ma�n A;,.oover�ge desrn'bad above,L�der may.at Ixuder's .
<br /> '� opuon.obtain aoverage to pmtect Lender's r�g�ts in the Ymperty in acoordance with paragraph 7. . -
<br /> .. - . "`;�.'�' AU msiirai�ce policies an�d renewals sl�ll be acceptab2e w Leader aad stiatl inciude a sYandard azortgage ctause. Ls�er . -
<br /> °;;., ,,.? �shaU have the n to I�nid the a2�cles and renewals.If l,endes �
<br /> Q�,�t ,... ��ht P re�nims,Bmmwer shall QromptlY 8n+e to Lender aIi receipts of
<br /> , paid premiums aad renearal notices.Yn We event uf toss,Somower shall give pmmpt notice to the insurance c�rtiet and Leader.
<br /> .. _ . �� -
<br />-, -. ;�..�, Lendcr msy ma&e pmof of loss If nai made Pj'Q�P�Y�►3+Earmwei . .
<br />. ' : ' Q: Qnless ta.nder and Botrower othe�v�ise ag�+ee in writ[ng.ins�tance pmceeds shall be applied to iesto�atinn or tepair of the , . -
<br /> ": � �f.'-. :� I�uper►Y dffinaged.if tt►$resturarion or tepair is eoonomicalIy feasib2e snd Leudes's seauity is not tessened.�f thc�storation or -
<br /> • ` ` rep a i r i s not economicAlly feasibte or Leader's soc�ariry woaid be t,essenad,rhe insmance proceeds si�aalt be appllod w the snms
<br /> ' '"���:,•"-. ':�.: seout+ed b dus S -
<br /> y ecarity.Ins�unnent, whether or not thea dae. with aay excess paud to Bormwer. 1f Borruwes a6andons the _
<br /> ° ����_ Prngerly�.or does'aot answer griEhm 30 days a notice fivm Iender that the iasaraace canier has flffered to sextte a daim,then � _
<br /> ' Lender may ooltect ttie insu:aaoe pmceeds. Lendea may ase the gmc�ds to�ais ar nstore the Property or tor pay su�s --
<br /> -: - , secvred by this S�uity Ip�tcument;afiether or not theat dae.The 30-day periad w�l begia when the natice is given. =
<br /> `';, :.;s::`• ;``: Unless Leader and�orcawer otheiwise agree in writing, any ayplication of prace�ds to principai shalI ab't extead or -
<br /> _ :��._' : �:- �.Pa��tQe due daie of t�e monthty.paymeats referred to in paragrapbs 1 �d 2 or ch�ge the mmou�af the pa�meats. If r . -
<br /> >-� •: '` ' uadea par�rap�►21 the.Property is a�qiriied lry Lender.Bormwea's right w aay insurance policies aad pmc�eds r�vliing froit�:;_:; �
<br /> �L=���':;�`�=�` , .damage to the PmPertY prior to the acquisi6oa s�alt pass w Le�der to the extent of the sums secured by this Secdriry Instrume�h��;°,`
<br /> '.�� immediately prior to the acquisition. •. -
<br /> , `.';�;�� 6.Oecupancy.Preservatfnn,R�a�ndenaace end Protection a�the PrmpetY:Eorrnwer's Loan Appllcatto�o;S:eas�alds. -
<br /> � � .�,���' ,Bomowet sh�lt oocupy,e�tablish,mid ase the Property as Borrower's princ�pal cesidence arithin sixty days after t�ezeaition of ' --
<br /> � ... � . .s;; • tLis_Securiry Inst�tunent and shali oontinne w oc�py the PropertY as Bomnaet's p.riucipal msideaee for at!mg ane yeaz a�c...:�
<br /> _ _�..`.'�,: -;,; the date of occupaacy,uatess I.ender ot�erHise s in -._
<br /> ,• r , ; �S' tvriting.which conseat shap not be nnma.sanably withheld.or uaI�s ..
<br /> ,;::�� .�.: •. .:,;� extenaatittg cirwmstanoes exist ardich are beyoad Boirower's_wntml. Boa+awer.shall nat despnny, darn�ge.or impair ttie. �
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<br /> . _ Pob�ny,Filiow the Prope.rty to deteriorate, or commiY waste on the Propetty. Borrocver shall 6e ia default ff�y fozfeidae� ' -
<br /> at�in�orproc�eding,whether civil or criminal,Is begun that in Leader's good faith judgrnent cot�id xesult in fq=�reof.ths
<br /> - ,t5 �"� Proparts'°r°�rise materially impais the lien cm�ed by Wis Secnrity Lastrument or Lender's securiry interest.BnrtCSweY mEy�,�_' ,_
<br /> •�• , ` .•,� :_;,;>s cure sucli a def�.'t't and reinstate.as provided'm paragraph t8.by ca�the actIoa or proceeding to be dinnissed with a mimg. I �,
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<br /> ••,_�;,.. _.: : ,� :t-'<= that, in Lender's gaod faith deter►nimtion. Pmcludes forfeiture of the Borrower's inserest ia the Progerty or other materiai �-`
<br /> -��,.• . .. �: impairiaent of We liea cceated by this Security Instivmesa�t or Lender's seauilty ini�si.Borrower s�all also be in defanit if =-
<br /> . '� ,�y� 8oaamer,duting the loan appHcation proce.ss,gave mater;ally false ai inacwrate informaation or statemeats to Lender<or fai�f � _
<br /> �''..r•', ,.: � w provide Lender wlth any material infnrination)in wnzceciion wItb the toan evideneed by the Note,incinding,ir�t not limited . _
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<br /> • . � to,repraentations coaceming Borrower's occupancy of the Ptoperty as a principal cesidence. If this Security InsWraent is on a "'
<br /> . ,` ` ' `���� tease3iold. Borrower shall comply with all We pmvisIons of the lease. If Bormvrer acquires fee titte ta the Property, the -
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<br /> .r� �:,�: lea�otd artd the fee title shall not merge un3ess I.ender agm,ca to the merger in writiag. • • � _
<br /> ; . ' `� . ' '�:Protedton of H�der's Rig1►te in the Propert�+.If Bomawer fatls w perform the eovenxnts and agreements aontained in `_
<br /> ' ; t h is Security Ins#ument,or there is a legal proceeding Wat may significantly affe�x Lender's righYs in the Property(sach as a . --
<br /> ....� proceeding in�:�ptcy,prubate,fo�candemaation or forfeiture or ta eaforce laws or regWations),then I.eader may do and , _
<br /> .. � ',,�.- .. ' � PaY for wtiaatev�r�iu;;necessary to protect the value of the Property and Leader's rlghts in the Praperty. Lender's actions may -
<br /> - • ::.,_"� in�tude Paylag any sams secared lsy a lien whicA has ,�rflrity over this Seauiry Insuament. appe�m� in court. FaYtng � a.--
<br /> . �reasonable atto�neys'fces aad eIIce:ing oa the Property ia�ia�e repair�-�Although l.eader may take action under this paragraph
<br /> � 7.Lender does not 6ave to do so. �. � . --
<br /> :. , �',:'; Aay amounts disba�se�by Lender,ua��r this paragraph 7 shall become additiona( debt af Borrower secured by thi� ._
<br /> ` '�`:�, :# Seauity Insuu:rcent.Untess BorrBwer and Ir�u3er agree ta other teems of payment,these amounts shall bear interest fmm the �--
<br />- , . •`' � ! d�arf disb�rrsement at the Note rate and shaD be payable, with irterest,upon not�ce from�.ender to Borsower nequesting . =
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<br />_ �`i �:Martgag2 Insnraa�.If Lender required mortgag�e insaranre as a condition of making the loan sec�ued by�s Sec�rity . '�
<br /> . �.� I�smautent, Ba�;er shall pay the prem3nc�s required to maintaln the mortgage insurauoe in effec�•if, for at�y reasun. the '�-
<br /> � ;+ utortgage insuraaoe ooverage required by I�s.lapses or ceases to 6e in�effeei.Borrower shall pay the psiemi�s required.t��` -•.
<br /> . • ;i o6t�n�ove�age substantlalty equivatent to t�e mortgage insurauce previously in effect.at a cast substantiaUy equivalent to the
<br /> , � . co��a Borrower of the mortgage insuranoe pnviousty in effect,from an alteraate mortgaga insurer approved by Lender..if .
<br /> '� su�'...�dally eguivalent mortgage insurance aovetage is not avaiiable,Borrower shall pay ro I.ender each month a sum equal to -
<br /> � � �<��- oao-twelRh of the yearly mortgage insuraace preminm being paid by Borrower when the insuraaoe caverage lapsed or ceaserl to � -
<br /> „ • 6e ln effect.Leu,d�arill accept,use and cetaiea these payments as a loss reserve in liea of mortgage insurance. Loss reserve `�
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