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<br /> . � . . 5. Ha�rr�or.�i»pe�r Ias�aenpe• �orrower shatl tceep the Ympmvenieats aaw existing ar hereaRer e�ectecl ort sHe --
<br /> ��K-�`L�~'��'`, =�., < Pcagett�r insured a�iASt loss by tiRe. hatands eaciuded within the te�°�xte�ed�coarerage°mid any other 1�ds.including =
<br /> :': .z -. ,�':. � Roods or tiooding:fos wluc6 Lender cequires insutance.'ihis insuiaace shall be maintainod in the amnurtts uad far the periods _...
<br /> °�,:,�� ,' t6at Leuder seyuires.'i'Eie insurance carrier�ruviding tke ia�rance sGall be chosen by Bormwer snbje�t w Lender's appmvai -
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<br /> - ' a,hidi shaU twt tre unreasonabiy wiUahetd. 1f Boaower faits to maimaia cnverdge d�.scri'bed a6ave. Lend�s�iaag..az L��r's =-
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<br /> ,, � �.�� .' opuon.otstsin coverage to pratect I.ender's dghts in the Pmperry in acoordance with ParagaP6 7.
<br /> � ; .-nm�;`� � All insuranoe paliefes av�d renew�s sha11 be aca�table w L,ender aad shall inriude a ataadatd mortgage ciaus�. L�er =
<br /> �h-�,.=T - a-1�4av�t�,z r��to ttatQ the pokcies a.��Is.If�r ieqnir�,s.Serrowcr�i prom�iy�ive to t�tder ai!�ecei�s of _
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<br /> ``'.;;�:`. ,.,_•`-.-':. paid premiums attd nenewat notioes.tn the evertt of toss.BosrmNer sha!!geve pmmpt uoteoe to the insusanse ca�rier and L�ttder. --
<br /> . `': ` `' � .Lend�t cGayma�e preof of toss ff not maclE gromptty by Bor:nvres. � -
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<br /> � '°� .:.:.;.' ... .` UAfess I�eader aed Bomnwer aiheiwise agrea in vrriting,insaranse proceeds shall be applied to restoration or repair of tLe
<br />'�;;. "I�ri"' ='°; . P�+operty da��g,ed:if th�ieswration ar repait�is ernnoanica!!y feas�'Is2e and d.euder's secarity is Qot Eesseaed.If t6e restoration ar =
<br /> �, ;s:�• �,.'<�-�'�:.' , �eP�ris aai�omm�elly feasibte or Leude:'s security wou2d be tesserc�.tha iusarence piocReds shall be applied to the siams -
<br /> , • . ,;. � s�.by this Sec�uity Inshument. urhether oz mot thea due..wiib any e�s•patd m Bormwet. if Bormwer abantlons the . -
<br /> •a�_ ` 'Pmpe�4y,ar does not answer within 30 days a natice fr+oan ixa�ter tbat th�ius�uanoe cartier has offered to seute a claim,th� �
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<br /> ' ::•� �':;,:;':;,,. Lender may wIIect the insuranoe pmc�eds. Lender may�.t�ia praceeds to repair or restorc the Pmperty or.W pay•st�als _.
<br />_ -.-•;"�•�=,:.,,.; �. secarEd by shis Security Iastrument,whethes or not then dr�'3'tZe 30day periad wiU begia whea the ir.otice is givezi. -
<br /> - �`` `���r'; '��; Untess Lmder and•Bortuwer otherarise agree in vuriting, any appticatson of proc�ds m priaapal sl�l!aot exteud or
<br /> �``;''�', '�.` ats refeiced to in hs 1 and 2 or chan the ammtat of the payments. if
<br /> ';::,p -,..�,, .. ,:� ; postpone the dac date of the monthlY PaY� P�P P�
<br /> � ���, asd�.paragraph 21 the.Property is acqu(red by Leader.Bom�we�s right m anyr iasvranoe pnlici�and pra�s resutting fmm
<br /> .��;; ��``, aiT�,'� YteFerty+Pn acqais Pass �Y tY
<br /> :-r� � . �, w the ar w the ition shall ta Z�ndes to the extem of th�soms seaued this Secvri Ias�um$nt
<br /> `<`:;��i,:'. : :�-:=:, �• imme�atetypaio��tfleacqaisidon. �
<br /> ,''`- �::` ,•. .. � 6.�aa�;P�seservat�oa,�aa�and Pro4edfoa o8 tice ItDamperty,Borrower's Loan App4�CatIon;L�nids.
<br /> �"';.I�''•��,;'.'-�; � Bor�+rer shall oa�py.establish,and use the P:ap�rty as Bnrrower's psi�.�al nesidence within sb�ty days aftec the exeardon of =
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<br />. , :•.:;; r t�is Sac.vrity Iastnmteat and sGaU cantinae tn�y tI�e F�perty as Borr�wer's priac'e�ai resdeuce for at least one year aRea' _
<br /> , :`h.,;: '�,'• �,• :< . f the dafe of aocapancy,unless l.ender otherwise agce�s in�mg,v�hicii waseni ahall r�i be omEasonably withhetd,ur untess ^
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<br /> . '"' �:� e�cteanati�g cixv�ances eaist whtch are 6e�aad �orciasver's oonuol. Borrower shaIl aot d�y.damage as impair the'
<br /> '� . � FioPerty.allow the I'coperty to deterioiate,ur cammit wasce on the I�roperty. Bomawet s6alt te_;��defanit if any forfeitare _
<br /> ; ',}� acrion os proc�eeding, whether civi!or criminal,is b m I.ender's. cwd faith'
<br /> .�, �n►th�,�� g dud�aent�r�'solt in fasfeiUUe of she.
<br /> ` '+'�'� ��" ; �i or otherwise air the tien created s�SP �tmwament or�*,�'s�inte�est.8ormwer may
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<br /> c tjr�: . ti :�?�• ;�.' �`�ac'�a defanit asd neiastat�;�pmv�ded in paragragb.t��x�aa�isis�S the action.e�i��c�$tb be dtsmissec��a�a niling
<br /> ���r� . � � � ��:i Leader'�.•�pod faith t'ie�c�eminarion, preriudes forfe4A'tizas of s�e`�orrower's�t�st ia the Ptoperty or�r materis!
<br /> G`,��; t���`, _,.�;f lf . � unpairment�QEi�a`���n creai��t9 this Secv�ity Instrumeni or Leader s_•�asiurrity interest. Bormwes s$all also be in defautt if
<br /> j,; s� , , E, ': ' BoaAwer.dun iihD loan icat�an rocess, ve materiaily false or it� informatlon or dt2raements ta Lender(or fai�ed� ,:,
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<br /> � � � � to�isvide Leader with any��rrial information)in oonnec�ion wittr We ioaa evidenoed:by the Note,including.but aot limited
<br /> r���r'y� :. `::� "i to:��presentatcons conceming Bomower's accu��►cy o f t he Progercy a s a principal re���e e.I f t h i s S e a c r ity I n s d n i m e n t i s on a '
<br /> ' �.', ! teas e ho l d. B omower�s l�a l l comp ly wi t h a 1 1 t he pmv�s�ons o f t h e tease. I f B o r r ow er'�c q n i r e s feE tide W the P r o pe rt y, the
<br />........... : . :'- leasehold ansi tiie fee title•shall not merge wiless Leader agrees w tlie merger in writing.
<br /> � .. "`� � 7.Proiection of I.�dea's It�hts Qn t6e FropErty.If Horrower fails to perform the covenaats and agreements contained iri '
<br /> ehis.Secarity Insa�ument,or there is a legal proceeding thaat,may significantty affect Lender's rIghts.in the Pmperty(s�tch as a �
<br /> .;����... ;"'' proceeding in bankruptcy.pmbate, for oondemnai�on or f„�are or to enforce tavus or reguiatiorts),then Lender may do and �
<br /> _� , :� .^�� pay for whatever is necessars:'aa�pratect the value of the�perty aad Lender's righfs in the Properry.Leader's actians q�ay .
<br /> •.•�'� iaslude PaY�nB amy sums,s�.,�d by a lien�whicb has p�ortty aver'this Security lnshument, appearin� in caurt. PaYiag
<br /> .,:. �;� :.: �asonable auozia�y:��fees and entering on�3#e�operty.to make repairs.:��nugh Lender may take�aa under this paragcaph;.�:
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<br /> �1�.'� 7.LeaQer does•��K:�ave to do so. '.•:. :� � . ,�.:; . :•, .
<br /> _ —� :- .�::.�Any amounts d�sb.ttsed by l.eader uader this parz�ph 7 shaU 6ecome sdditional debt of�irsower se��ed isy ttus . =
<br /> �:.., . . � ���iatfi�ry Instrument.UNess Bonower and Lender agee,Ma sther terms of payment.these amounts s!ti�ll bear ira�•.from the
<br /> � �s� •.�of disbn�semem at the Note iate and Rt,►�?I be payaS;�°,'with inc��.npon aotice fram I.au�:;��to Bortoiis:r,�`.�a�it'.��:- .
<br /> ':� i . p�,yment. : .. �_,.: �;..,..
<br /> � • .. 8.Mort�e rns�aac�rf Lerider req.���mortgage insurance as a aondition of makiag the"t'W�.`t secured by this S�auity,'��'
<br /> 7'�t'` •�� , i�tn�ment, Borrower shall p�y r�he premiums required to;�r�aintain the mortgage'�tt:s�nce in effect.If. for suy ceasoa, the
<br />_ "+'t��3' , :.;s : mortgage irisurance coverag�c�¢�imd by'Lender tapses or�ceases to tie in effect.Ba.�.�ter shall pay the premiums required to
<br /> � .�: � obtain oaverage substantially equivalent to t.�;.mortgage insurance preyiously in effeci,at a cost substantially eqaivalent to the . .
<br /> ' . '.t �' oost t0 Borrower of the mortgage insutance�reviously in effect, fh�a�an eitemate arortgage insnrEr approved by 4ender.1t.'"• ,,
<br /> �,_ • • substaatially equivs�eni mortgage insurance onverage is not aaailable.i�cmwer shall pay to E.ender each month a sum equaf.t���.:.,
<br /> .. ::�„ � : • , antr•twelfth of the yearly matfgage inswnnce premium bei*_g gaid by�orrower when the insurance coverage lapsed or ceased to
<br /> . . is�.in effect.Lender will aooept,use and retain these payr,��s as a loss reserve in lieu of inortgage insurance. Loss resenre .
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