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<br /> I 5. tlatard en Proporty Insuranca. Burrower shxll keap tha improvements now exieting or hereatter erected on
<br /> " � the Pm{�erty inFUred Hga�nst In�.s by �irel�n�`dfcnuir Sei��F ir ncehl t�ifi in,urancashell�t+� mainta ned in�the amc un�q
<br /> � ,nclud�ng floods or tl����ding,fcir a�hi�h 9
<br /> `� and for thn {�riods that l.ender reyuirea.'I'h� insurunce carricr pruviJi�ig the insurance shall he chr.sen hy 33nrro�ser f -,._
<br /> " ' subject to[.ender's epproval which shall not be unrea.�nably withheld.[f liorrower tails to meintain cov�rage described � -
<br /> .��°"��, abc�ve, l.ender m�y,at Ixndur's option,obtain caverage to�rorttct l.ender's rights in the }'ropert��in accordence«�ith
<br /> •"� pnragraph 7. ,.-�n-
<br /> A11 inaurance pc�licies and renewri�shlici�s and penolws�la, !i l,ender�requires, HorrowerBRhelaprompt YeBive o ;�
<br /> l.ender shall have thr� right to h�ld po �ti-=.
<br /> I.end�r all receipc.9 af paid prerniums and rena�+•al n�Ric�.In thu��ont af loas,Horrower shall gi��e pr�mpt notice to the
<br /> insurance carrier and Ixnder.Lende�r may make proo[of loss iE nQt made pramptly by}3orrower.
<br /> , Unless I.endor and}3��ih�f�tq�at o or�re�nir fl econ�rs�sn vlullS ftasible and I.ender's�urity i not less ned rIf the =
<br /> �f tha Property damaged,
<br /> , • restoration or repair is uot�b�th 5 Secur ty Insttumentgyh�therror notUth due,�iv h any xeess pa'td t CHo ro ver.If --_
<br /> ;t, appliad to tha sums sec rc Y _: �
<br /> • � I3orrawer abandons th�I?rapurtp,or does not answer within 30 days a notice from I.ender that the insurance carrier has � _'
<br /> �� o f ferr d ta s e t t l e a c loi m th�n sum•s�r,ec ed by this 5ecur ty In trumen eehet hera rr a o t t h n d u e�I h e 3 0 d a y p e riod�v'ill �
<br /> • restore thn Property �Y E;'
<br /> begin�vhen the notice ia g►�'en. �-
<br /> Unless Lender and Borro�ver other�vise agree in��riting.any application of praceeds to principal shall not extend or �
<br /> • ' postpone the due dat�of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. �-
<br /> If under paregr�a8pma e Lo thef Property p iorlto the ncquis tio shall pass t gLender to t he exten t of t he sums s�ued by =-
<br /> . resulting from 8
<br /> this Security lnstrument immediately prior to the acquisition. lication;
<br /> 6.Occupancy. Preservation,Maint�nance aad Protection of the Property;Borrower's Loan App '
<br /> '•� Leaseholds. Aorrower shgllSo�cTPY��g bu�ment and shallcont�inueato occupyrthe Property eseBorro�ver'ssprincpal -
<br /> after the execution of th Y
<br />_ _ _ residenun f osonah��ts�.nhr���ifern,e.sdext nua Rc rcumstances x�st which arrebey no d1Borrower's controlnBorrower =
<br /> not be pr�perty_
<br /> shall not destroy,damage or impair the Property, allow the YropertNhether civ I�or�criminal.�is begun�that in Lender's
<br /> Borro�ver shall be in default ii any forfeiture action or proceeding,
<br /> good faith judgment could result in forfeiture a4 the Property or otherwise materially impair the lien created by this
<br /> . • S�a raY hn18,�by ncausi g he actionror proceedi g�to be dismicssed with a r ling that,rin 9Lender'spgood Pf�aitti
<br /> . Par � P
<br /> determination,precludes torfeiture af the Borrower's interest in the Property or other materiel impairment of the lien
<br /> � • crexted by thie Securit f�In�st�ru eeJet ronreLenally falseuoryinaccurat B nformation or�staumentsttol Lender(or faled to
<br />' • the loan application p . B
<br /> ` provide Lene�T�n�tnons concem ng Borrower's ccupancy of�the Pro�pertyVes a pn�'nc pnl residencecItthis�Secur ty
<br /> limited to,r p with all the provisions of the lease.It Bonower acquires fee title to
<br /> � Instrument is on a leasehold. Borrower ahall comply
<br />-�M ; .,�^,�� the Property,the leasehold and the fee title shall not merge unless Lendcr agrees to the merger in writing. �
<br />- 7. Protection of I.ender's Rights in the Property. It Borrower fails to perform the covenants and agreements
<br />`:�,;�,..,.�'F. ; • contained in this Security Instrument,or there is a�robat� fo�r�condemn tlongorf lforfelturee or todenfo ceh awstor _
<br /> Property (such es a proceeding in bankruptcy, p
<br /> �.�,; regulations),then Lender mey do and pay for�vhetever is nec:essaeY to protect the value of the Property and Lender's
<br />�= rights in the Property. Le fdnr'sn coturts ay ng rea on ble�attorneys'iees and a ering�on the PropertY t�make repa rs.
<br />�*- Security Instrument,appea g P
<br />� Although Lender may take action under this paragraph 7,Lender does not have to do so.
<br /> ' A "�� Any amounts disbu�d By��n�de�r8nd L nhderagre�eapo thcrlterms of payment ltheese amaunts hall�bear�nt�es1t
<br /> "°'•' "" Security Instrument.Unl -
<br /> '`"�` from the date of disbursement at the Note rete and shall be payable,�vith interest,upon notice from L.ender to Borrower
<br /> `" •�°° � requesting payment.
<br />-• ' « :. 8, l�iortgage Insur�nce.If Lender required mortgage insurance as a condition of making the]oan secured by this a
<br /> Security Instrument,Borrower shall pay the premiums required to maintain the mortgage insurance in effect.If,for any �
<br /> • • reason, the mortgug otobtaan overae e�ub antial yequ va ent�to he mortg g insurance previo ely in effectl p a cost _
<br /> *;` premiums required t g
<br /> � substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect, from an alternate
<br /> . i mortgage insurer apprRnder each monthIa umsequal tlo a eUt velfth af he yearly mortgage�surance premium�lbeing
<br /> ' ! I3orrower shall pay to L
<br /> ; � , paid by Borrower �vhen the insurance coverage lapsed or ceesed to be�n effec:t.L.ender ��ill accept,use and retain these
<br /> � payments as a loss reserve in lieu of mortgage insurance. I.oss reserve payments may no longer be required,
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