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<br /> , , S.Harard or Prop�atq tnswrpno� Bo�tower shall keep tiic imptovcments anw exisdn$or heceaft,er crected on tt►e Pmper�y �:-,° . :
<br /> �: ,� instucd against ioss lry Cuc.ha�raids included within the tt�am "cxtended covpagc"sud aay mh�har�rds.inc�udiag Qaods or .
<br /> . < •,` � tiooding.far whish l.ender nequires insnrance.'tUis�surance shail6e maintaiaed in the amounts aad tor the periods that Lea►der .
<br /> . . �quires.'Rte insurancc cairier p;oviding tRe insurance shall ba chos�by Bon�wer sablect to Lendcr's approvai whish shall s�ot t',-�,:'
<br /> ' De unmasanably withheid. IP Bonower faiLg tn maintain cavrlage desaibed above. l�der may,at I.ensler's opt9an. obtain
<br /> �_''"'�'�� wverage tn pmtect l�eader's righis ta the Progeny in eccordance witb pa�rag�aph 7.
<br /> - All insu�anoe poiicies aacl reaewats shn41 i�aoceptabie tn I.�eader and sf�aI1 inciude a standard morigage ctansa.l.endra shall _--
<br /> dave ttee dght w hold the polictes and reaewats.If Lm�er requi�s.8mmwer shali pmmptlY gime to i.ender a!t receipts of paid -7-
<br /> � . premiums and�eucwal notiues.In the cveat of ioss,8orrower shali give prompt rmtioe tn the ias�uance cania and Lc�nder.Leader �;..:��,< ,
<br /> _ . . �nay tnake poof of loss if aot maGe ptompiiY bY Boaowea
<br /> . Uatess Leada aud Bosratver othetwise agree ir►wiiflng,ins�aance Proceeds shail be aPPlied ta cesEarannn ar repa'v of the -
<br /> . . , �F�Y�88�•if tde restmation nr repair is economicalty feasible and I.e�dei's securiry is nm le�.If the restoration ar �
<br />: , ` repair is not economicattY feas�ble or Lender's serauityr wontd be les�aed,the insurance ProceeQs shari be applied m the sams _
<br /> , - . - secured 6y tbis Sec�itY Ins�umea�t,whethes or not thea due.w4h aay eace.ss pa� tn Boaower.lf Bormw�abartdons tt�e .
<br />� - ' Pmpeny,ar dnes aat answer withun 30 days a notice ftom l.euder that the insuiance catrier das o�'e�d w seule a ctai�n.tda� .
<br /> �� ' L�eader may colIect ttte insarance prnoeeds.Lr�der may use the pmceeds to repair or restnre the Pmpetty or to pay sUnss� -
<br /> '�'. � ' � ' by t63s Seauity�Insttument,whether�not then due.lhe 3l�day pexiad a+ill begin whc�ihe aotice is givc�.
<br /> � . Unless Leader aad Baaower otheiwisc agree in writin8.anY application of praceeds to prinapal shall not ext�d or postpone -
<br /> " � ; the dne date of ttte mantuty payments refeued ta ai paragmphs 1 and 2 or change the amouat of the payments.If nnder par�graph —
<br /> . .; 21 the P�aty is acquire�hy Lrader.Barrower's rig9►t to any ins¢rance p�fi,�ies and proceeds msvlang tmm damage to the -
<br /> �:'_�`��` . propeny pr3nr tn Qie acquisition sUau pa�to Irader w the extent of the sums sec�ed by this Se�urity lnstrwnent immediate�►
<br /> , . pricu to the arq�isition
<br /> - - - . .� � 6.Qaaupanc9.P�es�vatlom�Maintenance and Prote�sm o?the Praperty; Barrawer's Loan Applicatlon.Leas�taolds. :_:�
<br /> � Bmcrower s�all accuPY.establish.and use We Pmpeity aq Barrawer's primcipal residen�withia s�y daYs aRer the executinn of �;�•-
<br />- : . dus Sepuity Insuumeat and sAall cantinue to occupy the Property as Barmwer's pr�cipal resideace fo:at teast one year after the �:..
<br /> ' � • dars of�Y. mile.�s Lendcx othaarise agrees in arit�g, whicb wnseut shall not f�e unreasoaabty wilUheid.or aaless --
<br /> exteut�ating circumstances eaist whicb are 6eyand Botrower's conmoL Bormw�shall aot des�oy,dama8s or impair We piroperty. —
<br /> allaw the Roperty w deteriorate.or com�t waste�the Pmperty. Barmwes sba11 be in defaautt if any farfeiwre acuon or � -
<br />. pmc�pg,whether civ�os crhninal,is begim tLat in Lenda's gaod faith judgmeat cauld scsult in fozfeinue of the Fmpeaty or =
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<br /> , .:.",;.; . �' aWawise materian9�mFaY the lieu aeaoed by du�Setauiry Insuoment or Lendds secariry inte�Bouowe=maY aue such a _
<br /> �� + . tlefault and r�instare.as provided in par�tgapb 18,bY causing the actian or procceding w ba d�arith a tuling that,in �_
<br /> . �� Leatlea's gaod faitb deteamination,Ps�ecludes forfeiAUe of the Bonower's int�est ia the Pmpeaty or other material impaume�t of E:.- .
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<br /> ��,. � � � � tAe lien aeated by thia Secwriry Instmmeat or Leude,r's sec�aity intesest.Bamowet shaIl also be in deFaalt if Banuwer,du�img the
<br /> .Ioan ap�lication pmc,e,�s.6ave mateaiaIIy false or b�eauate infom�arioa or statemeata w Le.nder(or failed w provide Lmder with
<br /> ' ' any material infom�arion) in catmection wiW ttte loan evidenrxd isy tt�e Note;inclad'mg, 6ut not limited W.re�entations
<br /> � �s conce�ning Bomower's ocarpancy of the Praperty as a ptmcipal r�idence.If this Securiry insuusnent is on a Ieaseltold,Bc,�wcr
<br /> . �, . ` . ._� shall campty witA a11 the prnvL4ions of the Iease.If Bomower acquires fee title w the Properly,tlte IeasehoId and the fee titie shall
<br /> ` not meage unIe.ss Lendca�cees m the merger in writing. '
<br /> F _'. 7.Profectton af i.ea�lPr's Rtgbta in the Property.�if Bormwer fa�s w peaform the covenamts and age�mantc contanaed in _
<br /> f. . this S�uritq Insmimea��or th�e is a tegal praeeeding that may signific�ntly affoct L�ender's rig8ts in the FroPertY(sucA as a _.
<br /> �::, . .::'. �..; P�ed��u?aanktWteS►,Pmobate,fos�enmadon or forfeidu�or w enfonce taws or regularions).then Leadea may do.and pay �, .
<br /> "' for whatevex is neces�r to psotect t�e vatue of Ihe�roperty and l.euder's rigt�ts in the P�operty.Lendei's actions�Yrc�as�auable �':;.
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<br /> � ' . . FaS►�g enY swns seeuret�t�yr a li�s which ha4 primrTry over tfis Security Inswmenb aPD��in coun�1�aY��
<br /> . attuRneyrs'fces and enteaimg on the Property w malce repaizs.Although L�der may taYe action.undea this para�aph 7,Lender � ��" �_
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<br /> � . � • does not have w do so. � _-
<br /> ���,� ;. Any amounts disbursed by Le�der undea this paiag�pb 7 shall become addldonal debt of Borrower seaued by tbls Secwity
<br /> �' ,'� • � � Ins�ument Us�ess Borrower and Lender agree to.ather t�ms of paymwt�these amounts sLaU bear interest from the daLe of .,�..;`;
<br /> °� disbursem�nnt ai the Nooe rate and shall be payabte.witD intere§t�upaa aoSce from Lea�der w Borrower requesting payment (� .
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<br /> � -�.-'�;� 8.Murtg,,flge Inse�. If Lender required aa�gage insmance a4 a condi�on of matsing tRe loan secured by this Seaffity
<br /> Instrument,Borracver�D pay the premiums requtrc�tn matniain the mortgage insu:ance ln effect. If, far any reason,.the •� _
<br /> _. .:ba�.• , moztgage insvrance caveraSe icqnired bY I.�'Qer 1aPses or ceases W be in effect,Borrower s�atl paY the premiumsl tegr�ad w
<br /> '�}'�' � • . obtain cov�aage su6stantiaally WuivaTu�t to We mortgage inswance pievioasIy in effect,at a�ost subst�vaUy ecluivateni to the
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<br />— , � cost tn Boaocved of Ste mortgage�nsurance Frevfm�sly 1n effect.from an alt�emate mort�ge msiaet a�ymved by Lender. If
<br /> subsffin1i�I�►ecluivaient mortgage intivraace cavea�;s is not available.Brnrower shaU yay to�dcr each�+onth a sum equal w
<br />�,.� �•, one�twelfih of the yearty moitgage insivance pm�mium 6eing paid Dy Bonowes wlien the�cu covesq$e taysed or ceased to � .
<br /> �.�,. ; � be in effect Lender will acceD�asz and retain thcse PaYments as a Ioss reserve ln lien�f mongaga lnsurance.Loss ressrve ,..
<br /> ��' ' Form 8028 fl190 3
<br /> • ' . �. ��BR(NE�t42t2)-0/ Papo9of8 tnhtalr.
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