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<br /> nr defencl enfdreerr►ent oi s�ct�I�t�n In legal proceedinqa whlch opetate ta prevent the snto�r.srrient of thes
<br /> Ilen or fo�tsituro of the Property or�ny perty thereot,ar(c)secure hom the holder of such�rior Ilen en
<br /> epnement in fonn sdiafw�.�tory to le.xler subordinetlnp such Nen to this Mortgaqe.
<br /> 6. H�z�►d�ns�c�•��►ower shel! keaq tl�e Impravements now exVsting or hereatter erecteci on the _
<br /> prc►psrty Insured ap!dnst bss by tiro,hezards included wilhin the tertn"extended coverage,"arxl such otha� {
<br /> heizerds a�Lender mey require and in such amouMs and ior such perioda aa Lende�mey requlre.Unless
<br /> I.ender in wridnq requlrss othe�wisa,tha�pollcy shall provkle insurance on a replacement cost basls in an
<br /> amount not less than that fleeessary to comply with any ca�insurance porc�ntege sri�x�lated In the I�axard
<br /> Insurance policy.TFtie amouM of coverege shall be no tess than Bonower's credit limft under tha Agreament
<br /> plue the tull amount a1 any auperior Ilen on the Prope►ty►.
<br /> Tha insuranca can�ar qroviding inaurartce shafl be ctror�T Int 13orrAw�er subJect to epproval by Lendef;
<br /> provided thet such�qApraval shall not be wrrce�.r�+7aJ�IX w�N�rYreac�. If 134ccrr�aertails to meintefn coverags
<br /> described above,�ei�ci�er may,at Lendor's a��Jorr,ofal�lrt ccnrera,!�e P.o I�+�rtecl:�ender's rigMs In ttr.�I?ccrpert.�r
<br /> fn eicc,��nce wi�'r�O+u.a��aph 8.All pramkei�acr irt^aurau�ce la�licias�f�a1f I�e pald by BA►rower v�hecr du,�,
<br /> c�ire�tf�t:cr 1�insv�ance rsrrier.
<br /> „,y i;s;u;a;,..:.;.�lic;�end:ene�als dter�l!:�hau be f�r e��,xe�r�,�ble to Lender a��c!sF►alt trr��
<br /> a standard mortgage clause in favar oP and'n��.1orm accs�tcr h.� .�".Lender shall ha�ttr�ri�tt�
<br /> hc�ld the policies and renewala thereof. end Horrower shall prcrmRtlg fi�u'�ri;w,'fi to Lender all rene+w�a�0 rr,�tio�s ,
<br /> and all receipts af paid premidanns.fIN the event of loss,Borc�w�sha��g'��+'ompt nc►tics to the±ns�c.�e
<br /> canier and Lender.Lender ma�make proof ot loss N not macf�promptly by Borrower.
<br /> � tl tha Propert!�f�rnh�andoned by Borrower,or if Borrower fails ta ireslpond to Lender within thirty(30)
<br /> days from the date,�rQ.`r;a Is mafled by Lender to Bonower that the insac�auT ce xarcier ofters to settle a clairn
<br /> tor insurance b��f��t�•,°Lender is euthorized to cc�llect and apply the irns�u+rx�;,e proceeds at Lender's optbn ��-�-
<br /> either ttca restoratbn or repalr of the Propeity or to the sums secured by�Ynis Matgage. . ' _
<br /> U�I�ss Lender and eorrnwe� otherwise agree In�sritrrn;g, insurance proceeds shall be applied to •
<br /> restora�on or�epair of the Property�damaged.,�ravid�d s°,r,�?a resstoretbn or repeir is economlr.ally feasibie
<br /> And the seouritl►01 t111s MOltgelg9 i8�Ot the�t�f6.S!a:r��AUQeZ�'.irl�such restoration a repair Is not economtcally
<br /> feasib{e or H tf+e securilY of thfs Mo�tgage wouiaf Y�e Im��mad;tfi�e insura�ca proc�,ii���di�a�;.�rod 2c
<br /> the sums secured by this Mortgage,with the excess,H�ray,i��i�P.o Borrower.tl the Propeny Is abendaned
<br /> by gorrower,or if Borrower faits 4a�espond to Lende�wiI1N;«f�;�rriy(30�days hom the date notke is malled
<br /> by Lender ta Boirower that th�l�rsurance carrier oNers tu��R�lle a clalm for insuren�benefits,Lender Is
<br /> authorized to coll��rE e�d appty the Insurance proceeds at Lende�'s optlan either to restoration or repair ol
<br /> the Property or tcr�1�fa surtt�s se�ur�d by this M�xtgage. , _
<br /> Unless Lender aosc��br��.�erer�therwise agree in writi�g,any applica�tion of proceeds to principal shall
<br /> not extend or postpone the dum zta9e oi tha payments referred to in paragraphs 1 ar�2 hereof or change .
<br /> the amount of such payments.ti under paragrnph 22 hereot the Properly is acquired by Lerxier,all�hts,
<br /> � title end iMerast of Borrower fn end to any insurance policfes and in And io tM proceeda thereof res�lting
<br /> . irom damage to the Property prbr to the sale or acquisition shall pass to Lender to the dxteM af tiRx�su�mia
<br /> , secured by thia Mortgage immedtately prior to such sale or acquisitbn. � � �
<br /> If all or part af the Property is demaged or deatrayed by a thiM party and sums ere due 1rom that party
<br /> or ita insurer as a resuR,whe�her dueto Judgment,aetdemant or other process,those sums shall be epplied �
<br /> in the same manrt�r.�s insurance proceeds under this clause. :
<br /> 7. Occup�nc!►' w'mel Us�� PnservwtMn. IIIa1M�n�nc� and Prot�l(kr�n of 1fi� PropMty; Bocrow�rs �
<br /> Loan AppllcNbni l.wsNwlds. Borrowe�shall occupy,esteblish, ancY use the Property as Bor�ower's
<br /> principal reskienc:e wilhin slxty(6U)days after the exec4t+on of thls Mortgage end shall coMinue to occupy
<br /> the Froperry as Borrower'e Princ�P� residence for at least one year after the date of occupancy� unless
<br /> Lender otherwlse agrees In writing� which consent shall not be uhreasor+ably withheld, or unl�ess �.
<br /> extenuatlng circumstances exist wh�h ara beyond Borrowe�'s ooMrol.Borrower shall not destr���i�mage
<br /> � or fmpalr the Prope�ty,allow rt31e Property to dete�iotate,or commit waste on the PiQyerty.Bor��wi,e�st►al�
<br />:�� be In delauR'rf any torfeiture�►�'tian or proceeding,wt►etbr,mr c.'wll or criminal,19 b8glAlh t,�iai fn L�nder+s g�od�
<br />_ faith judflment ccwld re�uft bcn tr�r:fe�ure a!the Propert�,c��C`�e�rlse matarially Impair t1�2 Jlbn created by this
<br />= Mortgage or Lecvc!Er's�CUri4y tta'tare�st.�,t�r�v�e�r•��!�ut�e such a defautt end reir��ste,as provided In `
<br /> para9raph 23,by�susfr��the a�'oon or p�rs,a�ead►n�;t��Ita��ismissed wiih a ruling thai,ln l.ender'��t�c�Dd fefdt
<br /> 1 datermfnetion,precfudes torfeilw2�e of th,�►�a.r;t��r�r's n�rd�est In the Property or other�nateria7 iamoam�er� ,
<br /> — of the Ilen created by thls NO�Or;r�age or �.�eras��'� g���m','}iv Inte�est. Borrower s6oa1� �a�sG be in�c�ielauft if
<br /> — . Borres�rer,duriny the loan ap�r9�catson pra�.,�,a,^a�s crc���iR��il�iiLy false or Inaccure3aa i��lflrm�a+:lon or sta.temer�ts
<br /> to�rider(cm faiied to provfde Lender witrto�ra;�r�ma�+:�r�rn0:i;aSd;rmatian)U connecti��o sNr,�t��P.�!e f�asi evidenced
<br /> � bytPoe Nace,fr�cPu,ding�b�ut not Ilmited�o.��praser��6�ns�nceming Borrower's ooau�a��,�y/�t'u�rt�roperty� �
<br /> — as a pr�r�eipal;resl,�ence.If thls Mortgage is�n a lease3hold,Borrower shall ca+nrt�^+�rx;�h��id�1d'n��pf.�visiuns
<br /> — aY ttns E�se_[t�a+rower er,q�noires fe�tift�to the Pr�;r�i�ty,the leasehold and Clh�A�ie�till�s�'�!�rnt merg�
<br /> — ew�less Lend�r�'�es t�s r,��«erger iart uuRi�ng.
<br /> — 8. Prot�ct6o�tn ml L�nd�r'�s SecurNY� !! Borrower falls to perform the covensnts antl �agreement3
<br />:� contalnesi In this Mortgage,or H any act��u��s nr proceeding Is commenced wh�h materlally aftects�ender's
<br /> — Interest in the Ptoperly, Including, but not Ilmited to, emfnent domein, insotvency, caJe entoscement.
<br /> "' arrangemente or procrsedings Involving a bankrupt or decedent,then. Lender at Lender's option,upon
<br />� notfce to 8orrower,may meke such appearances,disaurse such sums and Gake such ection as fs necessary
<br /> '� to protect Lende�r's Interest. Includf�q, but not Ilmited to, hlring an attomey to appear(n the actlo�or
<br /> — proceeding and entry upon the Propenyr ta make repafrs.
<br />�-� Any emounts dlaburserd hy Lender pursuent to this paragreph 8,with iMerest 4hsreon,shall beoome
<br />_- additlonal indebtedness of 8orrower �e�ured by thls Mortflagb unlesa otherwise provlded In the
<br /> = Aqre�mant.Unleas Borrower end Lende�egree to other tenna of payment,such amounb shall be payeMe
<br />--— NE FHFT•a�on9.o...owo,roe �.a aa
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