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<br /> .. ( �`.°, Bomower sball tIIe rovements now existino or hercafter erected ou the u -.
<br /> 5. E�azr�rd ar Peope�ty In�smace. �P �P
<br /> `_t .� _ i�� toss by 8re. hazands iaciude�withim the ter�n `e�stended ooverage"and anyr atiter 6a7asds.incIn�ing �:'.'M '
<br /> . pmpexY ggmast ..�
<br /> ` Mods or flaadin$.for whicb lxudcr requires i�ranae.This ia5wrance sball 6e maintained in t1se amonnts and for the periads s:
<br /> � . ,. tbat Lendcr requires.'flie insarance rarrier providing the inswana:shalf be dtosen by Borraarer subject to I.e�d�r s•aPP�"� '`�-'
<br /> "'""""� wtudi sh�l!�3�e�ereason�hly withheld. If Hnrrower fails to mainmin co�erage descn`bed above. Lender may.at Ixader's '� .
<br /> option.obtain ouverage to protea l.ender s rights in the Property w n000rdance witb paTagcaph 7- ��
<br /> All iase.•�++•�policies aud remewals shali be acceptabte to Lender aad shali iadude a standard mortgage ctansc. Ir�dar. � ;�`
<br /> #.. ` �. ;' shaU have the right to i�otd the policies and renewais.If Leader cequires,Bomawer shall promPUY 8�+►e to Ltndce all r�elpts o£; �.
<br /> •.`,--. :.: . paid Q�miums arcd renewai aoiices.in the event af toss,Bomower shalI pve prorapt noaoe to the insurance c�rrisc aad I�ender. �:,._
<br /> _ Ieoder may make pmof of Iass if aot made piomptty by Bomower_ �� Y
<br /> UWess Lender and Horrower oUteiwise ag�ee ia writing.insurance procaeds shall be appiied to.rescuration or te�air of tha� �f °-
<br /> ' �P�Y�•if tlte rescoration or seQair is economit�lly feas�'ble aad Lender's security is noE isssened.If the restoration:pr.: �',�-_-
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<br /> Y;.'.`;•'<`,��': ce�ir is not eoonomicaUy feasibte or Ixnder's seceuity woutd 6e tessened.the insar�noe pmoeeds shalt 6e applied ta the sums� gg.;;-•;:
<br /> `.�, secured b3►this S�vr�71 In�snnent. whether ar aot then due.with anl►exce�Puid:to Bonuwer. If Borrower_a6nadons dus L�'�`' -;
<br /> ,� � �r .• •`, pmperty.or dues not a�wer within 30 days a notice from L+�ader tUat tbe inswance carrier has offe�d to s�e a cfauu,thea � -
<br /> < ...,�.; • ° Lender o�aY oolte�the iasuranee prooeeds. I.ender may use the prooeeds to repair or restore the Pmperty or w ptry snms �: �
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<br /> - - '� sewted by this Secuiity Ia�rament.whether or not tt�due.The 30-day period w�l 6egin when t U e notice is given. —:=
<br /> �`.'�.: `, tication of ta iautipat shall �mt eatead or
<br /> : Untess Lender and Basawer othera+ise agtee in wriimg. ai►Y aPP P� P
<br /> ' �..� Pa�Pode the due date of the tnonthlY PaYmeats c+eferred to in paragraghs t and 2 or change the amoant of t�a,.paymeats. If � �
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<br /> ' �' ' upder paisgraph 21 the Propercy is acqauedby Leader.Bonrower's rig6t w arsy insutanae poticies and praaae�c��viting fmm
<br /> ,`r' `r� damage to the ProFertY PAOr w the acquisition stiall pass w Len�s to the extent of the sums secureQ by this S�s�y insuament
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<br /> � unraediateiy prior to the acquisition. ����_
<br /> � 6.OocapaBC'.Fteservatton,Maintenanoe and Frotect�on of tl�Ptopecly,Bon+o�ves's Loan Apgl�cation;�al�.s. � .
<br />---,�._. __ Bormwer sAall a a u P Y.establish,arti{nse the Propeny as 8arrower's prinagal�sidence rrith'sn sixty daps after the executioa of �:.
<br /> . ,°�� this Secarity Insaumeat aad EhaU camitme to occupy the Property as Sarcower's principal restdence for at teast one year a f t e r �,i---
<br /> � ' � �i the date of oca�aacY.unless Lender otherwise agnees ia writin�,.�.bi,�consent slisil not be unteasonably vsrithhetd,or antess �;�.__
<br /> ,. �.. �' eatenuating�a�mps�tances exist wlncI� are beyotsd Bo:rower s�: BorNwer shati not 'c�uoy. damage ar iinRair`�.
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<br /> '.� f�„ �� Propetty,alb���a tfle Property to deteriordte,or commit wa�e w7;`��??roperty.Borrower sha�`i�in defmiit if any foFfe�Td,Tt �.
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<br /> r.,, `'��� F! �atxion or procee�ing,whet&er civil or crimiaal.is Eeguu:cfdat ci•�ver's gaod faitIi jadgmatt'S.�d resWt in forPeiture�ts€t?� �_ .
<br /> . ' . .,:��,,'; .� E�vPerty or otherwise materially impair the lien o�eated��,fi.'�,�;s Security Iasauraent or i.ender s seiuriry iat�t'�orrower may
<br /> . ,` ,�. ;;� cune sucD a default�d reiastate.as providcd in :�, �8,by caasing the action or pracxedia�,fo be d',a'��as�;��9h��uiing �._ ;.
<br /> � � ' .�� ihat, in Leader's good faitis dete�ination: precludes forfeiture of•the Bormwer's imetest irz���F�pecs��+�+'v.tDes�{`:tsial ��,-
<br /> : :.�„�.5';ti �+ -.:i impairmcat of the lien cre�tr.d 6y this Security Insuument or Lender's security interest. Borrowtt s�atsa be jn defa�t if - -
<br /> .. • ,, r�.. .� gorrower.durmg the toan applicadon process.gave materially false or inacarrate informarion or statements to I.ender(or faiied . _
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<br /> . •r� to provide Lender with any material information)in connection with the toan evidenced by the Note.includi�,g�bat nat tmuted .,
<br />- • .� tn.rePresentations coneeming Horrower's oxupancy of the PropertY,-as a prinaipal sesideace.If this Securii�s�nt is on a ;3_�.
<br /> � '•' ��,��',: �i tea5ehatd, Botrower shnll oomply arith a!1 the provisions of ttie ►:e�ss. IP�Botrower acquires fee tide ta�:s�a�Property. the �;:..
<br /> ` teasehold and the fee atle s6all not merge nnless Lender agees to t'i��cerger in wrlting.
<br />= ,. '���fn �f: s 7.Prot�ion of I.eader's RTgl�ts in the Pro�}r.If Borrower faits ta pecfosm the covenauts and ageemenu onntained ia --
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<br /> - ,�:,._., �::i this Secmity Iastrument,c�ahere is a legal ptne��z�at may significantly affect I.ender's rights ia t�e,�ppettY (s�teh ag a . __
<br /> ' pmce�ing ia bankruptcy.�robate, for wndemnatiarr.�.a Carfeiqir�or w enforce taws or reguIatioas)�•tlt�.a,D;:m�ra mai+do and �,.�.-_
<br /> '�;��;����F�'. �� pay for whatever is necessary to pmte�N.�e value rr"���e Ptoperty snd Lender's rights in the Property. t�ea�'er's actioas may . _
<br /> �:�:`�'.��4:.' �,.; inctude paying any sums secvned by�:.�en wluch has priority over ttris Security Ins4n�menb aFPeazing in court. Paying _
<br /> �'h''�°� ' masonable attomeys'fees and entering on the Property to a�akc repairs.AItl�ough I,ender may take action under this paragraph _
<br /> ..: '��.. .� .
<br /> � 'E 7.Lender dors not have to do so. _-_
<br />-- .'', ' . Any �ur►o�nts disbursed by Leader under this paragraph � ahaU beeome addidona! debt of Botrower secu�d by this __
<br />_' : •;,�', ',. t SecurIry Insuvmem. Un2ess Borrower ead Lender agree to other temis of payment.tl�ese amo�nts s1�all bear i�eresi from the �
<br /> ::;:,;����'�.��a date of disbvisement at the Note rate a�zd sha116e payabte, witJ;t:.i�terest. upon notice from Le�Wer to Borrower re�esf:sag �_
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<br /> - �.-, � # 8.Mastgage InSarance•If l.ender required mon.�age insurance as a condidon oY rt�aking the Ioan secured by this S e a i r lty �- -�
<br /> � Instrumen� Borrower shall pay the premiums requi�t�f to maintain the mortgage insurance in eff�t. Tf, €oq�any reason.the ��,:;-
<br /> � � � ' �� mortpge insuranoe coverage required by�.eader tap�..°s or ceases to be in effect.Borrower shall p,�Y-tha p*�ns required to �
<br />— :�:'1'��°, : abtain cov e substanriaU uivalent ua�tiie wortgage insarance revioust in effect.at a cast�sab�ta��y",e�quivalent f.o the . �.�
<br /> : .�..... � � Y e9 P Y ..
<br /> , � eost to Borruwer of the mortgage insura�cce pn�viuusly in effoct.from an aitemate mortga�e i�res ap�*aied by ��r. U ��-
<br /> �" ;, • ': �� su6stamially equivalent moctgage insurance ooverage is not availabte. Borrower shali pay to Lender each�csot�►�a sam equal to �y:_.
<br />- . � p ona�tvrelfth of tha yeariy mortgage insvrance pren�ium,belag paid by Borrower whCn fhc insurance oave�raro:1&�scd'onoeased to -
<br /> ' . - "• ` be in effect.Lender will acoept.use and retain these paymants as a lass reserve i�v�l�eu�of mortgage imt�i��:�L•oss reserve ��-`�.
<br /> . • i �fi�rm 30^a8 9J90 .��
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