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<br /> .� . J7- 1aS135 _
<br /> � s� ��� � pt.op�riy Iwuranca Borrowet shall kap the improv�menta now existing or hereaRer erectod on the __ _
<br /> � � Property insured against loss by fire, hazards includcd within the [crm 'extended coverage" and anY othet hazards, i�xluding �
<br /> � flcmds or flaocting, for whicli L�:nder requims insnrance. This insurance shall be maineained in the amounts and for�ho pertods rv.
<br /> :Y�, th2.t Lcnder cequires. The insurana cazrier providing the insurance shall b� chosen by Bonawer subjxc co Le�xler's approval
<br /> �'`r�' � w h i c h s h a l l n o t b e unreasonabl y withheld. If Bonower fails to maintain wveragc describM above. Lcnder may, at Lcnder's
<br />:_�� option.obtain coverage to protect Lender's rights in the Property in accordauce w i t h par.+Srap h 7. =-
<br /> - - All insurance policies and renewals shall be acceptable to Leader and shall include a standard u►ortBaBe clause. Lender
<br /> shall have thc dght to hold the policies amd renewals. If Leuder requins.Borrow�r shall pmmptlY 8ive to Lender all re�ceiPts of _
<br />: paid premiums and renewal nodecs.In the event of loss,��Ce�r shall give prompt notice to the ins�rance�a�T�er a�d under. ` _
<br /> Lender may aiake Proof of loss if aot made prompdy by
<br /> ' Uuless Lender arad Borrower otherwise agrex in writing,insurance pracceds shall be applied to restoration or rcpair of the
<br /> _ •.� property dam�gal.if the restoration or rep�ir is ewnowically feasible an�d Lender's securiry is not 1 S�scned.I�f p�to�e sums
<br />-, ; • regair is aot economically feasible or Lender's security would be leasened, the insurana proceods
<br /> -�j` �- .
<br /> �1�.� secured by this Security Insttumrnt. whether or not then due.with any exass paid to Rorrower. lf Borrower abandons the
<br /> '��'���':� property.or does not answer within 30 days a nodce from Lender that tde insurnnce cac►'i�r hes offend to setde a claim. then
<br /> �':'���.��' i,ender may calloct the insurana PI�t. L.ender may use the procscds ta repair or x�tore che Property or to pay sums
<br />-�,��,:�;. � secured by this Security Instruttaent, wbetbet or not then due.The 30�daype�todn o�f p�i'nceeds to Princ�P�`Sb�eA°� extend or
<br /> . Unless Lender and Borrov�'cr othetwise agree in writtng, anY apP 1 �� 2 or c�t�tge the amonnt of thC PAY�n�. If �
<br />--;.: �`r postpone the due due of che uwnttily ps�ymcnu refernd to ia puagrapds irsulttng ftom _
<br /> ,:.�':;.=� under paragraph 21 the Property is acquired by Lender,Bomnwar's rigl�t to any Insuraace l�olicies aad Proceeds _
<br /> --"`�`>,' damage to the Prop�rty Prior to t6e acquisitian s&�1 1 pass to L en de r t o t l�e e x t w t o f t he sums secw�ed by th�s Security Instnunent
<br />'Y�'�'`�'`` . immediately prior to the acquisidon.
<br /> �::�`'• 6.OocupaacY,Preservotton�MoSntenwno2 ond ProtecNon of tLe Pmparty:Barrowa's Loan APplia►tbn'I.e�holdg.
<br /> .,tiL` n
<br /> �; . ...� Bomower shall occupy.establish�ancl use rhe Property as Sorrower'���r�� n'ncl al�rssidence�forsa�eu��ye tr after
<br /> '���.�� this Securlty Iastnur�:at and ah�ll cY�ntinue to oceupy the Property P P
<br /> - - the date of occupu�cy.unitse L.ender otherwise agrees in writing, whic6 conunt shall aot be w�reasonably withheTdi��tLe
<br />�—w=;� �ateuwting ctroumstances exis[wuicu a� Lcj�oud :�rraucr's coatr�!. R`-'�'^`yBorrowtr hall Ue uty�defd�if any forFeiture
<br />�-� � �roperty, allow the Pcoprrty ta d�r.eriorate, or w�t waste on the Ropeny.
<br /> =^��"� action or pmoadin8. whei2xr ci��� or criminal,is begun that in Lender's good faith judgment could result in forfelture of the
<br /> __-— . ProPertY or otherwise a�tedally u�y:vlir the lien created by ttL9s Security lnstcument or L,end?r's sccuriry intenst. Borrower mry
<br /> ..,,.,;,;. cure such a default�nd reinstate,as providod in paragraPh 18.by causing tl�c action or pra:ading to be dismissed with A tuling
<br /> --_=----- �h�t. in Lender'a good faith dete�mination. proa'.trd�s forfeiture of the f3orrower's interest in the Pmpe�ty or other matorial
<br /> _= �t of tLe lien creatod by this Securir�• Lnstrument or Leader's socurity interest. Borrower:�a�1 aiso be in default if
<br /> �� Borrowcr.during the lou�applicuion process.gave materially false or inaccurate informatioa or statema►ts to L�nder(or fiilod
<br />_--_.� to provide I.ender wi�h aay rt�atccial information)in connxdon with�eio�pd�enad b�If this Security Insaumeat iimital
<br /> ---_— ta,�+epresentations conacniag Bomower's accupaacy of the PropertY P
<br /> ' le�sehold, Borrower shall compty with all the provisions of the lease. If Bomower acquires fee dde to the Pmpaty, tho
<br /> ' leasehold aad the fce tide sh�ll not merge unless Lender agras to the morger im writing•
<br /> 7.p�tedbn ot 1Rnder's Rights in t6e Pt+npaty.If Bomower fails to perform the coveau►ts�nd+�em��GOII���
<br /> this Socuciry Insuument, or there is a legal proaedin8 that may significandy affxt 1.ender's rights in the Pcoperey (such as a
<br /> pmooeding in,bankrup��yr�pcobue, for wndemnation or forfe[ture or to enforce laws or ngulations), then Lender auY do aad
<br /> pay for whuever is nx,essary to Protect the value of the Property and Lender's riBhts I°the Pc°pertY.u°d�'s xaons way
<br /> include paying aay suuu sxurcd by a lien wi�ich has priority over this Securiry Instrument• APP'��B 1° COUrt, prying
<br /> — re�oueble attomeys'foes u►d eatering on the I�coperty to make repaire,Although Lender may calce xtion unckr this puagraph
<br /> 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender und�r this Paragraph 7 shall become addiaonal debc of Borrower secured by this
<br /> ��hr Insuumeut. Unless Botrower and Lender agree to other termt of paymeat. these aux��nts shal�bear int�rest from the
<br /> date of disbutsement at [he Note rate and shall be payable, with interest,upon notice ftom Irender to Borrower requesting
<br /> • pxyment.
<br /> — • 8.Matgage Insuranc�_ff�.ender required mortgaSe insurance u a conditioa of m�lcing clie loaa secured by this Sec ty
<br /> - Instrument. Borrower shall pay che pnmiums required to �aintain the mortgage insurence in effoet.If. for any re�son. the
<br /> _ mortgage insuranoe caverage rcquirod by Lender lapses or ceucs to be in effact,Borrower shall pay the pnmiums reQuired ta
<br /> ° obtain coverage substantially equivalent to the mortgage insurance previauslY in effcet.at a cost snbstantially equivalent to the
<br /> — cost to Borrower of the mortga��insurance pn��ol�sty in effect, from an altemate mortgage insurer approved bY Lendcr. If
<br /> -�_�� substantiaUy equivalent mortg�e insurance coverage is not available,Borrower sh�ll pay to Lender rach month a sum equal to
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