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<br /> S.N�rard or Property Inaurrnce. Borrowcr shsill keep thc improvcments�aw cxisting�n c�r crcc o roperty ;��.;
<br /> insured against loss by fue,ha•rards includc.�1 witliin the tum "eaunded coverage" and any c�Uier ha•rerds, including flnods or �� . .
<br /> pooding,for which Lender roquins ins�ance.7t►u insurence shall bo maintained in the amounts and for the periads that Ler�der �..,
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<br /> • roquireA.7t�e insuranco esMu pmviding�ltic insucance shall be chosen by Barrower subjoct W Lende.r's opp�oval which shall not ..��.,,
<br /> be unreasonably withheid. (f Iior�awer faiD.. to m�i�tain cover�e described above. Lender n�y. at Lcnder's opdon, obt�in ;_•_='_
<br /> ;�: covuage to prouct L,c,ndcr's d�h�+in tt�c Proputy in accord�ncc with paragraph 7. . ,�"`�=°
<br /> ��,,,,� All iruurance pe�licics and renewals shall be acceptable to L,ender and shall iaclude a stu�dard mortgage clause.I.asder shall . •',.�,�F_
<br /> .,,,,�,,,,,e�i, have the right to hold Ihe policie�and renewals. If Lender requires.Borrower shap promptlY Sive to Lender ap rcceipts of paid =. -
<br /> � prcmiums and renewal noticcs.In thc cvctu of loss,Borrowcr sl�all givc prompt nodce to the insurencc carriu and Lender.I,endrr '
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<br /> may make pcoo[oL lass if not made P�P�Y by Borcower. .%-r'e`--=-
<br /> . � Unkss Lend�:r sr.d Barrower otherwise agree in writing, insurance procecds shall be applied co restnration or repais of the • -_ .-
<br /> Property damogod,if tAe restoration a repair is oconomIcally feasible and L.eader's securiry is not lesseMd.If the rewnratioc�a #.'
<br /> ` :,� �s not ocorcomicaU fe�ib(e a l.ender's securiiy would be lessencd, the i�surarxe.procceds shull bc applied oo the sums , �,'.
<br /> '�� socurod by thin Securiry Inewment, wtticthcr or not then duc, with any excc.gs peid to Barrowcr. IF Horrower abandons the s��
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<br /> �t Property,ur does not answer within 30 days a naice from Lender that the insurance carcier hag offueci to settle a claim,then :"�
<br /> Lendu may cc�llect the inaurance proceeds.Lertdes ms►y use the procced9 to repair or reswre the Propaty or to pay sums secured ,--
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<br /> � by thls Socurlty InsaumcnG ahether or not then duc,The 30-day perlod will begin whon the noria is given. -
<br /> Unless I.ender end Borrower otherwise agroe in wrlting,any application of procceds w principal sh.aU not extend or nos�one � ,�
<br /> the due date of the monthly payments referred w in paragraphs 1 ond 2 or chungo the amount of�he payments.If under paragraph -
<br /> � 21 1hc Propercy is acquioed by L.cnder, Borrower's right to any insiur�nce pc�licics and proccxds resulqng from damage to d�c -__ _
<br /> • Property prbr tn the acquiaiaon shall pass W L.ctider to the eatent of Qic sums secured by this Sccurity Instrument irtunediately °-
<br /> - � '� � Frior to the acquisi�ion. �'�-
<br />- 6.OccupAacy,Preservat�on�M�inteaance and Protectbn ot the Property; Borr.ower's Loan Application;l.easeholds. -
<br /> Barower shall occupy,establieh,and uae fhe Property as Borrower's principal rrsidence within sixty days after the executfon of �'"-
<br /> S thi.v Security Instrument end shall continue to occupy the Property�s Burrowcr's princlpal residence for ai lea4t one year after the
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<br /> °';'��i;` date of occupancy, unkss I.ender otherwisc agrcrs in wri�ng, whtch consecit shaU not be unreasonably withheld, or unless ==
<br />- ,� extenuo�tiag circumstances exist which ere beyond Bonrowrr's conrrol.Horcower shall not destroy,damage or impair the Propexty, `-�'
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<br /> atlow the Property to deterlorate, or commit wasro on the Property. Borrower shall be in defaulR if any fotfeiture acdon or
<br />_ • pcoccxding�whether civil or criminai,is begun thac in Lender's gvod fai�h judgment could rcsuli in iod"eituiti ui i+�e Fii,j�7y o� —
<br /> olhuwise nwterinlly impair 1he lien created by�tia Securlry Tnsoniment or Lender's security intaest_Bormwer may cure such a
<br /> . . � default and reinatnte. as provided in paragraph 18,by cansing �he acdan a prnceecling to be dLsmissed with a ruling that, in
<br />_: ;,,, T,:;;`� � Lcndcr's good faith detenninetion,procludes farfeiwre of 1he Bacrowcr's interest in the Property or other material impairment of
<br /> . the tien crcatod by this Securlty Instr�ment or Lender's security inte.res�Borrower sh�13 also be in default if Bomower,during the -
<br />�;,t.�A:..;;:, ,, loan application process,gava materially false or ineccurate InfonnaUOn or sratements to Lender(or failed W providc I.end�x with
<br />:�;.,„^•,,:,X:� �; any mautial infotmatlon) in connecpon with the ban eviclencen by thc i�iote. inciuding, but not iimited w, represeatationa
<br />__ >;,:,� , conceming Borrowu's occupancy of the Properry a�a principal residence.If this Securiry Insuvment is on a leasehold,Bormwu
<br /> ��:,;:+�..�► � shall comply with ell tho provisjons of It�c lease.If Borrower acquire,s fee dtle to the Property. tho le�sehold and the foe tlde shail
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<br /> - , ,�:� not mage unless Lender agras w the muger in wridng.
<br />-�', ' � ''� 7.Protection ot Lender's Rt�hts ia the Property. If Borrower fails to perform the covenants and agreements containod in
<br />�:�_'°'•"`� th�s Sxudty Insuument,or there is a lege! �noceeding that may significandy affect Lender's rights in the Proputy (snch aa a
<br /> �'-� procading in buniwptcy.pmbau,for condemnation or forfeiwre or to enforce laws or regulations).then I.endu may do and pay
<br />;������• for whatevu is n to rotoct tho value of tha Pro nnd Lender's r� hts in the Pro Lende�'s actions ma incluck
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<br />=t :-.;. � - paying any sums socured by a lien which hav prioriry over this Socurity Instrument, appearing in court. paying erasunable
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<br />��:�� • attomeys foes and entuing on thc Proputy to make rcpairs. Although Lender may taice ackan under this paragrnph 7,Lender
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<br />�:'"'""`•'' clocs not have w do so.
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<br />�;,a:c�•�t;.: ; My amounts disbursed by Lendu under tttis paragraph 7 shall become additional debt of Borrower seGUred by this Security
<br /> � ��;��;�,�;�:'' Inssr�menG Unless Borrower and Lendsr agc�ee m other teams of payment, thcse amounts shall bear intcrest from the dete of
<br />_:•=�?�W�� disbnrsement at the Note rat�nnd shall be payable,with interest,upon notice from Lender to Borrower requesting paymenG
<br />=���"'�� � S.Mortgage InsurAnce. If Lender required mortgage insurance as a condition of making the loan socured by this Security —
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<br /> s,;,;�'.���"'� Insuumsnt, Bunrower shaii pay the premiums required to maintain the mortgage insurance in effec� If. for any reaSOn, thn ��
<br />� -"t°'' '"' mortgage insurance coverage required by Lender lepses�r ccases to be in effect,Borrowcr she�pay the premiums mquired to --
<br />� �• obtain wverage substantially r,gulvalcnt to the mongage insurancc prevtousty in eftect,at a cost subswntially equivalent to the -
<br />- cost to Boirower of the mortgage insurance previously in effect, from an altemate mongage insurer approved by L,ender. If !`i
<br /> ' substantialty equivalent mortgaga insurancc covcrage is not availeble,Sorrowcr sha11 pay to Lcnder each month a sum equal to -
<br /> � one-tweifth of tho yearly mortgage insurance premium being paid by IIomower when the insurance coverage lapsed or ceased to - - -
<br /> : . be in effxt Lender wW accept, use and retain these payments as a lass reserve in lieu of mortgage insurance. Loss reserve ,ti'°:�;�=•_�-
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