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<br /> � S.�HHxard ar i'roperty InsurAnce. Banowcr shull kcep lhe improvcmcn4.g now exisling on c�rcaftcr crccted on thc RopatY , `��%f�;f%?�i�
<br /> � ittsurcd againat lass by [irG,ha•rards includc�l �vithin thc term "extcnded covcrage und any oihcr hn•r..uds,includin� floodsor �
<br /> � Ilcx�dinp,for which Lcndcr rcquires insumncc."Ihis insurancc shnll bc mnintaincd in t!►c umaunts und for�hc periods thu�Lcadar :q;;A�i;:
<br /> rcquirns.'It►a insuranc�curricr providin�thc insurancc shup bc cho�cn by Bocrower subjcxt to Lcndcr's approvul which shall n�t '�• �a''�{�' :`:""°�°
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<br /> Lcndcr mey,at Lendcr's optian, oNaisi
<br /> -• � ba unm.�sonably withhald. It Bonowcr fails w mninuun covcragc dcscribcd abovc, :� � �.<
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<br /> covcroga to protact Lcnder's ri�hts in tho Property in nccordnncc with paragn+ph 7. ^S��`=...:"��''`'';`
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<br /> All insurancc palir.ics and rencwals shnll bc occcptablc to Lcndcr and shall includc a standsud rnortsagc cluusc.L..endcr shall . .�_�..�,__
<br /> havo iha right ta hald tha paGcies and renewals.If Lender requires,Sorrower shuU prompUy giva w Lender all receipts o f paid � :<<:•,�;,.,._, �
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<br /> premiums And rencwal napces.In tha cvent of lass,Borrowcr shall givc prompt nouce w the insurance carricr end Lcndcr.L�d�r ,._�`.A
<br /> mny mako proof of loss if not mnda promptly by Borrowe�. � �r'-=�=__
<br /> Unless L,ender and Borrowcr ath�rwise ab►ree in writin�, insurance proceeds shall be applied to restoraaon or repa'v af ihe �„► ;��'�
<br /> Property dumaged,if thn resu�mqon or repair is economically feasible and Lender's security is not lessened.If the restamtian or .
<br /> repair is nat oconamiaally fcasibl�or l.endcr's securiry would be lessencd,the insurance procads shall be spAlied to ih�su�ras � ''`�:_'�°
<br /> socumd by this Sceuriry InstrumGnt, whcthcr or not thcn duc, with any cxcess paid to Borrowcr. If Barrowcr abando ns Qaa � . _ �
<br /> � �1 Propeity,or does nat answer within 30 duys a notice from Lcnder that the insurnnco carrier has offered co settlo a claim,�hen 4 -____
<br /> • . Lender may collact ihc insuronce pr o c c e ds•L e n der may u s e t h e proceeds to re pair or restore the Property or w pay sums s�cur�d � •,��1',{�.
<br /> �� by this Socurity Insuument,whether or not thcn due.'Ilie 30-day period wiU begin when the notice is given. �,.,
<br /> Gcatian of rocet:ds to principal shall c�ot extcnd or p�s�one ��1°=
<br /> Unlcss Lcndcr and Borrowcr othcrwise aF,*rce in wriring,any app P ,;�.� `�
<br /> tho duc data oF the monthly payments rcforrui t�in paragraphs 1 and 2 or change�he amount o[the payments,If under paz�graph _._
<br /> 21 the Property is acquired by L.cnder.Borrower's right to any insurance policies and proccxds resulting from damage a ttle _;���:_
<br /> � ��P�Y Prior to thc acquisidon shall pass eo I.cndcr w thc cxtent of thc sams securcd by this Security Insaument immadi�ely
<br /> � Frior to thc acquisiUon.
<br /> 'n,�: 6.Occupwncy�Preservatbn,M�intenance and Protection of the Property; Borrower's Loan Application;Leas�lolcie. ��'.:,.
<br /> Bo�rower shall occupy,establish,and use the Property as Borrower's principal raidenoe wiehin sutY daYs aFter thn eaa�stion of :`=�_
<br /> � this Security Inst�ume.�t and shall continue to occupy�1►e Property as Borrower's principal residcnee for at least one year atur ttie }�,
<br /> . dato oI occupancy, u,ii�i.ez��r oi�cn:isc agrcxs ':n wri�ng, which conscnt shall not be unrcasonably withheld,or wl�ss �,.—
<br /> ertenuating circumstances exist which are beyond Borrower's controL Bo�rower shall not destroy,demage or imi�a►����y� :.-
<br /> allow the Property to deteriorate, or commit wasta on the Propercy Boaower shall bc in default if any fodeiture a¢tion ar -
<br /> proaxding,whether civil or criminal,is begun t1►at in Lender's good faith judgment could result in forfeituro of Ihe Propaty or
<br /> ott�e�v�,ise materially impair the lien created by this Security Instrun�ent or I.er►de�'s securiry in�eresG Borrower may cure sucta a
<br />�' ' d�fault and reinstate. as provided in paraBrePh 18,by causing the acdon or proceeding to be dismissed with a ruling tlu4 �
<br /> L,ende�'s good faith determination,prcxludcs forfciture of the Borrower's interest in tha Propeny or othe,r mete.rial imPaiR�xnt of
<br /> the lien crcated by this Security Instmrr�ent or Lender's security intexesG Bomowa shail also bo in default if Borrower.du�ing�e _
<br /> loan application process,gave materially fals�:or inaccunite information or statements to Lerida(or failod to provida Lenc]a w ith l_
<br />• eny mat�erial informadon) in connecdon with the loan evidenced by the Note,including. but not limited to,cepresea�ntions —
<br /> conceming Borrower's occupancy of the Property as a Princ►Pa1 ms�dence.If this Security Instrument is on a leasehold,Bomower
<br /> • shall comply with all thc provisions of ihc 1ca5e.If 8orrower acquires fee tide w the Property,�h�kasehold and the fce ti�k st�all
<br />;„` �. • not merge unless Lendcr agrees to the merger in writin8•
<br /> _. ,, 7.Protection of Lender's Rights in the Property If Borrower fails to pedocm the covrnaz�is and agcoemenis cont�inai in
<br /> � . this Security Insuvmen�or there is a legal proceeding that may significandy affcxt L.ender's rights in ehe PmPertY(such as A _
<br /> -� proceeding in bankruptcy,probate,for condemnation or forfoitura or to enforce laws or reguladons),then Lender may do �nd pay __
<br />- for whatever is necessary to grotect the value of the Property and L.ender's rights in tho Propac�+.L.ender's acdons ma��bde
<br /> �� paying any sums secumd by u Gen which has priority over this Securiry InsUument,apparing in couct, paY�B =
<br /> ` � atwmeys' foes and cntering on the Property to makc rcpairs.Although Lender may takc acuon under this paraBraPh���d�
<br /> r°� does not tiave w do so. ='
<br />-'-" '�°_�:. " Any amounts disbursctl by Lcndcr undcr ihis paragrf►ph 7 shall become additional debt of Borrower saured by this Sausity F__
<br />:,..• ' Insor�men� Unless Borrowcr and l.endcr agree to other tcrms of payment, these am�unts shall bcar interest from �h�dat�of �
<br /> disbursemcnt at tlie Notc rate and shall be payable,with interest,upon notice from L.ender to Harower rcquadng paymena, —_
<br /> 8.Mortgage Insurance. If Lendec required mongage insurar►ce as a condidon of making t�►e loan secured by this Sa�riry ��___ __ _
<br /> � Insuument, Borrawcr shall pay thc premiums requircd to maintuin the mortgage insurance in cffecG If,for any reason, t�e __ ___
<br /> ' mortgage insurance coverage requircd by Lender lapses or ccascs eo be in effect, Bormwer shall pay the premiums required w ;."�.`-,���
<br /> obtain coverage substantially equivalent to the mortguge insurance pc eviously in effect,at a cost substantiaally equival�nt to the ,r._�:
<br />- ` cost to Bormwer of the mongage insurance previously in eff�xt, from an altemate mortgage insurer approved by Lende=.If .'��_',
<br /> ;.�,�a substantially equivalent mortgage insurance covcrage is not available,Borrower shaq pay Uo Lender each month a sum oqual to � ;•.�=°�==�-__
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<br /> `; one-twelfth of the yearly mortgage insurs�nce premium bcing paid by Borrower when the insurance cover�ge �apsed or cr.ated ro x Y` :�,��
<br /> e insurance. Loss rcscrve �'
<br /> � � be in effec� Lender will accept. use and retain these paymenis as a loss rescrve in lieu af�nortgag ••��•, '
<br /> Form3011 91i0 .'�"���Ii �','
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