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<br /> S. H�rd or Properly Iawrapce. Hormwer s1uU kxp�hc Improvemtnts rw�w exis�ln�or hereaQcr�e�tad oa the
<br /> PropeRy insurod eg�inst loss by 6re. kiszards includod within ttx lem� "extendai cover�ge"u�ct u►y otlxr 1►�nis, including
<br /> floods or floadin�. for which Le�xler roquirr.�insur�uxx,Ti�i9 i��urr�x�e slwli l�n�inl�iirxxl in tt�e w�you�iis�nt{I"or tlie pct�itxli
<br /> th�t I.eeder roquira.The inwrance cartier providins the insurunce ah�ll be chas�n by Borrower wbject ta L.enJer's y�provd
<br /> whi�h s!u�ll not be unreasonwbiy svithheld. [t Borrowtr fiile to m�int�in covenge described abnve, I.encler rtuy. �t Le�drr's
<br /> optivn,oMain rnverage tu prutect Lerder's ri�ht�in thC Prc�perty in�ec�ni�nce with paragr�ph 7_
<br /> All iruurana polic'sea ud rcnewd� shdl be accepublo ta Lender und sh�ll include a su�nt mottg�ge clause. I.anckr
<br /> sh�ll have the right to hold the paliciea u►d renewds. lf l,endor roquira, 8ornawer ahall pr+omptly give to Lencier xll reoelptc af
<br /> p�icf pnmi.wms nnci�enewal notices. lo the event of iw�s,Burrow�r Ff��ll give prompt�wiie� to the insurance eturier And I.sixter.
<br /> I.erder m�ay m�Jce prr�ot at loss if nat nuK1e promply by Bortnwer.
<br /> Unkss l.eoder u►d Bormwer otherwise�gra in wrltlreg,insur�noe Qrocoeds shall be applied�o res�.orstlon ox rcpair of the
<br /> F'rop�eery�na�ed.if cAe e�cston►tfon or n�ir is ochne►mially fGa►siNG ancP.E.�c►�c�er's sa�ar.ic�r is ncie ie�sen�at.t�the r.r,�tosation or
<br /> rep�r is n�000�o+ntically ta►�l�e ar Y.ender'a socurity wovJd b�c kssedoc�.e[�e i�►rYnce�r.oaacis 6Fra�(I':ba a�liod tQ ihe sums
<br /> secura! Dy this Socurity YnsWrnent. whether or not thrn due� witkn m�r eaoecy p�id to llorrower. Rf&xrowor�►s the
<br /> Property. or das eot answer within 30 daya e notice lrom I.ecrda IhM khc insurana arrier hss offrred ta s�crLe s claem,tha►
<br /> l.ender may eolloct �e inaurana prooaeds. �.en�ier miy use the prooeects to rtpair ur r�e,uoro th� PmpcxtX ar w��y sums
<br /> savrod by this Sacuriry In.struman,whether or nvt thcn due.Thie 30-cl�y periai wiU brgin wArn the reotia is givero.
<br /> Unkss [.axier and Bornower othe�wise agm in writing., ury� apQlic�tion of prcxoods to principd shall rv�t axtend or
<br /> postpone the due date of the monthly pRymaus rcferred to in pr�gnpt�s 1 and 2 or chanae the�cnount of the ps�.m..ents. If
<br /> under patagraph 21 the Properry is aoquired by lxnder,Borrower's right to au►y insurance policies ud proceods resulflr�Fcom
<br /> damage to the Property prior to the�cqulsition shall p�ss ta Lenda to th�cateat of the wms socured by this Sa.�urity Instcumrnt
<br /> immodiately prior to the acquieition. �
<br /> 6.Occup�ncy,Pracrvstion,[►91alMenana�od P�rotectiom �f H�e PropertY;Bort+n�er'a I.c�n Applketloa; Le�sebolds.
<br /> Bomuwer ahall occupy.e�tablish.xnd use the Pcnperty as Borcov�ra's principal residence wxt6in sixty dnys afler the exec�tion of
<br /> this Sa,vriry I�utrvmnet�nd shall coutimtt to occupy the Propccty as Bornawear's pri�cip�R ztaidenx for at leaa one yair aRer
<br /> � the date of oocup�u�►cy.unlesa I.ender ott�erwise sarocs in wriu�$,which w�r.�ay:.•�t shaill na �e unreasombly withbeld,or unlaa
<br /> • �r6e�Ming circumstanoes exist which are beyond Bom'�wer's control. eknin[�awer shaU;a�wt daaay. danr�ge or imp�ir tbe
<br /> ` `P�v�icm�:,}'. .�llow the P�opGrty to deterioratt.or commit wastc rzr.mlfK Propetty. llormwee simll be in default if any f�ar�titun
<br /> actid�h.mr;qzpcoeding, whether civil or criminal. ia begun that i��r�Y.�der's gcwd faith jud�maU c�ouuld rcsult in forfatwrm�;�f the
<br /> Pn�peYt���cmuttkrvvise materi�lly impair the(ien crcatod by thic";;:;�:u��ty Instn,tment or La�der'E security interest.Bon�owi:r'c►tiy
<br /> , cure such a default airn�"aceim+uste.�s pmvidai in paragruph 18,b�t i�using YtRe:ac�!;xm or procooding to be dismissed with a ruling
<br /> � that, in t.er�der's goiu:�faith detem►ination, procludes forfeit�r,e of tik A�r"r�q�•sY�ra,s idterast In the Proporty or other m�terial
<br /> imqirment of the lirn created by thle Socurity Insttunxnt or iE;cpder's security interest:,•Barrower shall also be in def�ult if
<br /> Borrower.during the low�application process,gave mataially 1:a1�e or lnaccurate inf�t'v��or atatcir�ents w La�aler(or failed
<br /> to provide Lender with aay material infornuuion)in oomecxian wi�� the ian evidenced by lhe Nate, including.but nnt limited
<br /> : to.re�esa�tations Mncxming Bomower's occupnncy of the Propaty ss a principal reside�e.If this Secytrity It�tum�ait ia on a
<br /> i;;' . sr lard�ald. Botrow��"T�ll comply with nll the provisions of the leue. If Borrowa soquires fa title to the Propaty. the
<br /> ��:•, •� IpiAel►�lal,a+fd the t'de`,tit�e ah�ll not merge unless[,ender�gcea to thc merger in vv�iting.
<br /> �'�'"'„�I'�mt�ect{ou d I,eader's iti�6ts!n t6e PnopMy.if Horreiwer fuls to pedorm the oovenants ud agro�maKs axuained in
<br /> 'thii:;4icif.Li�v;•lnswmaK. or thea is a legal proceeding that ma�,.signiCeandy affect l.�ode�'t ri�hts in the Property(such�s a
<br /> prpce�ja�ih ban)uuptcy. probwte, for oondemruuion or fodeiture or to cnf�xqe Isws or cegulatiore), tl�rn i,e�der m�y da�td
<br /> _ • `; .Pay fot'Wh�tev,0► q�ritt+es.wy to protect tl�e value of the Proportp and �iuiler�s rights in the Property. L.ender's actiona m�y �,r''.,.,,
<br /> ` •�' include�.,'�jting+,�m�r��;vn�s sxurod by a lien whi�h hac priority over thi's'S�curity Instruma�t, �pparing jn coun..,•p�Ying ..
<br /> rausdti�'si'b]:c.�stcH+'�re9s'fas and rntering on the Pruperty ro malce repairs. Although Lende��iaifiy talce action under this'�i'str.ug�rapl�
<br /> - 7.I ' ik,r sk��n�2;hs►vq to do so. �, �i�,,�, ; .
<br /> '�r7,uii�ii+fs�il.isbursed by Lc�der under•this par�gr�ph 7 sh�ll bxome additionati debt. of Bontqwer sr,curod'by this
<br /> 5ecvrlty Tnstiume�iit.Unless Borrower and Lend�r:agra to aher iernu of�,�}rment, these ama�nls stul�;fi�ear inteast,trom the . .
<br /> � dacc c►�:diabursemen�ae Q,c Nae n►ce and shall�be'paY�ble,with interest;.�u�,pan noticc from Lender to Borc�ver.requrating
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<br /> ,x 8:Mortgqe Yure��anec.If Lender roquirod mo�tg�ge inse�_r.;�rx u a oondition of m�icing the loan secured by thib�:.'�ocuriry
<br /> ,� Instcumrnt. Borrower shall pay the premiums rcyuired to mu�»r�t�7� the,m�7tr,�age insunncti in s�Foct. If, for my rca.4on. the
<br /> •` mortgage insu►ynae coverage roquircd by Lender lapses or cea�Cs►o bc in a t�icct,Horrower sh�li piy the prcmiums roquirod to
<br /> obt�in coverage sula�dantially equivala�t to the mortgage insurenapnwiousFy'in'ef'foct,at a cost substantially equivelent to the
<br /> oost to.4orrower of the mortaaA,e.xncurance previously in eftes,t:;'from an alternate r►x�nc�qabe inwner approved by iR�nder. If
<br /> svbsts+^":+:r�dy oquivalaN nwrtg,ag+4 arpa:,��ancx coverage is not akmii4���k,Borrower shaU p�y,;«r�I;,�nder each month�supm�equal to
<br /> ao�-$�WnS;:`,'.�of the�rcarly murtgage iY�surana pr�rea�wm being�s�6y Borcower when tha L;s.�r,:�rice oovetage lapsed ar�aeed to
<br /> ' ' � • be in c�t'oct.i.ernic,r�niCl accept, use and rGain rt�ar�c payments es �loss rescrve in liw of mortg�e.�i�r��,�;cat►�e. Lobs teserve . ,•
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