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<br />� , .- , 5. H�rd or Pro l�rance. Borrotvet sh�li L•eep the imptovements nan exisaag ot�creafier erected on the �`,�4` •
<br />:� ' � F�Y
<br /> < ` ` Fcaperty insuzed against toss by fire.ttar�ds inciu�ted.vithin the term'extended covcrage'and arry ather hazard.�,uuluding '�
<br /> ` ` 4c�`'. Roods or ftaoding.Cor wiush Lsnder requires iasttrsnce.7'his ic�umnoe sl�afi Ee m:tintainr�in the amaufus and for the periods
<br /> . , �,,�; tt�a,t Lendix t+equires.l7�e insuranre carrier providing the insurartse sh.1168 chusen by Burcower subject w L.cader s appmval '. '
<br /> _ � �, ,: NhicR shdl not be unreawnably witAhe[d. If Borsower fa'sis to maintain caverage descrehed abo�e. Le�uier may. at Lendcr's ` �
<br /> � option.obtain ooverage to protect[xnder's rights in the Prapctty in accordance�vith parasraph Y. `; ��
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<br /> .�-�i.��.� '�..��. All insutance poticies and renetivals shall 6c:ecceRtablc to Lender and shatt.include a standard mortgage ctaase. ixndee �;� ��'
<br />. : ' s6a11 Aave the right to hotd the policies and zenewals.If t,ende�requires.Borrow�r shail promptiy give to Lender stit receipu of
<br /> ��' ti ;. '� paid premiums and renewai notices.In the eveni of loss.@orroacr shali give prompt notire ta the insuranoe catrier and LenQer.
<br /> - - -= �=��}: Lender may malce proof of toss if aot made pmmptly by Borrowe�. �
<br /> �`"'-°"'"�"-'' Un[ess l�nder and Borrower�iherwise�in wrltmS.insurance prooeeds shall be applird m restoratian or repair of the �
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<br /> ' � • _ P,�vperty damaged,if the restaration or repair is tcanomiwll�fpsible and Lender s security is noi lessened.if the restorstion or
<br /> '�`��. repair is not economically feasible or Lender's security would Ee[essened.tdte insuranee pmceeds s5ai1 be appliad ro the sums
<br /> --�- - :_ : sr.cured by this Sewrity Instrument.whether or nnt then due.with any eacess Qaid to Borrower. If Barrower abandons the ; ;.,
<br /> :--_�_�.•;.__'_.�' Praperty,ar daes not ans�ves arittin 30 days a natice from I�nder ti�tt the insurmnce casrisr has offered to settle a ctaim.thea u:.:;,s
<br /> • " . ° � Lender aray mltect tUe insurance proceeds. Lencler may ase tfte p�s to c�epair or cestore the Prnperiy or ta pay sams �,.;;-`.
<br /> • • seraied�by this Security Insavmeni,whe�her or not then due.The 30�day periad will be�iu when the notice is givet�. ;"'.`
<br /> • � Untess Lendei and Homower othe�wise agcee in writing, any applicatioa oE proaceds to priacipat sfiafl not eactend oc -
<br /> . , . ��._r � postpone the due date of the monthly payu�ents refemed to in patagtaphs 1 and 2 or ctiange the amnum of the paymeats.I f ':_: �
<br /> _ , . umier paragr.iph 2l..the Property is acquired by L.ender.Borro�ver's right to ar►y insuianse paiicies and pmoe�ds res�tting frotn•
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<br /> ' . damage to the Prope�fy prior to the acqaisitioa shall pass w i.ender w the extent of the stuns secured by this Security tnstniment •
<br /> � � �• `: ima�di3tely prior to the acquisition. ,
<br /> '.:-: . .,.Cc�k��uc7',Pcesepv8tlon�3Ne'in��and�i°tote�ou oYt[t8 Peo�erty,Hanu�vver's I.aau Applieat�on.Lease[�o[ds. ..
<br /> � �:';�.:;: . Hciisa�r shall aCcaPY•.estahlish.and�se the Property as Borrower's pmAapal reside�e within sixty days aRer the execvuan of `.�°`
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<br /> _ • �� ' ..'f�': :;�'. thi's��S�,thriry Insmimeat and shall conamte w ucwpy'the.�roperty as Bairawer's principal resideaot for at leasc one year after
<br /> T�t�,�'— � ttis�:of oocupancy.uniess Lender otherwise agtees in w�ri6ng,wJudi ounsent sAall not be unneaconably withhe�d.or untess . . '
<br /> `�� '� exterivating cireumstances exist which are 6eyoml BorrowePs control:Borrower shttll aot d�y. damage nr impair the
<br /> � �. ' Praperty.aitow the,•FroPerty to deteriorate.or rnmmit waste on the Ftn�serty.Boaower shali be in defautt if any forfetuue c�::`'�
<br /> �. . � ' aetion or pmc�esdiDg„whethec ciw'1 or crimi�al,is begun that in Lender's�od faith judgment could result in forfeiture of the � �-
<br /> . -.• ... ,�=' Property ar otherus�se materially impair the lia►cmated by Wis Seauit�?I�ument or l.ender's secuc!�enterest.Boaower may �_
<br /> ,- - ;r'� cure•sucL a default and retnstate.as provided in parag�aPh 18.by raus'srs�z��action or proceeding to i�dismissed with a niling .��f
<br /> .� ' .the�ira•Lender's goad faith deu�rion. precludes farfeinue af[he Bosrower's intesest in the Pmperty er.other matecial ,•
<br /> • � s of ti�e iien created by this Securiry Instr�mept or Lende�'$securiry iaterest. Boaower s6a11 also he in defaWt if ,�_
<br /> , ��. ',..,f, ' ����duriv,�eiae loan apptication pmce��ave matecialiy false or t�tate infom�atian or sta�►ents to i.ender(or faiied , _
<br /> . . . ta x�+fia4de i.�te¢'urr�any material infard�etsar���In connection with.th�t�:evidenced by the Nate;;�ncinding,but nat limited��:.,: �-__
<br /> w,�enqti�as��reming Bomower s ocxi:�pancy of the�roperty as:a�r,�elpal msidence.If this�ecuriry Instiument is on a
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<br /> �x��: lea:aazts�2d. Bat�r��+ri�shall cea�¢ly a+ith all the provisiaas,of the lease. If Bamower�qvires fee title to the Pmperty. the� �r �.
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<br /> �..'. ... �02�and the��titte sHal�rtoi merge unless Lender ag�ea io the merger.ut.writiu�; � �.. -_.
<br /> ' '7.Protect€at�b��'I.ender's Rights in the Properqr.If Borrower�f�7s.ii?:�ecf'osm xt�e rovenants,aad agreements contained in .
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<br /> . , this Secarity ins�nent,or there is a legal proceeding that may sigmfi�ai;�y;affec�I.erider's righ�i�a the Property(such as a �;„.-
<br /> . ' proceeding in bankruptcy,probate,for condemnation or farfeihue•or Co��1'$rce laws or regulations�..t�en Lender may do ami • rE..�-
<br />_ - pay for whatever is necessary to prntect the vaIue of the Praperty and.Lender's riglits in the Property. I.endePs actions may ,
<br />_ ' . �'.�'s: include paying any sums securod by a lien which has priority over this Se�riry instrument, apppring in cout4. paying
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<br /> ,. � •�`��' reasorrdbie aitameys'fees and entering on the Property ta matce repairs:.Although ixnder may take action under this paragap �__;
<br /> . : �:���F{.. �.Lender does not have to do so. ` •
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<br /> : Any amounts disbursed Dy l.eMer under this paragrapfi � shall become addidona]debt of Borrawer secured by this �_;.'
<br /> f .' � ` Securiry Instrument. Unlass BaEtower and Lender agree to ather tenns of ppyment.these amounts shall bear intcrest from the �;
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<br /> dtlro.of disburseme�nt at tho Ai�,rate znd shafl be payahF�wiith interest, upon natiL: from I.enQer to Hutrow�er recNest�nS
<br /> ',���} •"::�: payment. �'•��` '�,°;. � : . � ;
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<br /> - � . " � `''. 8.Mortgage lasuranee.lf L.ender requind mortgage insurance as a condition of making.the:l�srs:sea�red by this Security
<br />' ' �.>;• Insuument. Borrower shall pay thc premiums�required to maintain the mortgage insurance in efferk If. for any mason.the
<br /> � �- . mortgage insur�ce caverage required by Lender lapses or ceases to be in effect. �orrower shaii pay[he premium.c_n;yuireil tu
<br /> _���,�,�,}r; � • " o6tain oovera�e substantially eqUivalent to the mortgage i,asaranoe previously in effect.at a eost substaatially eq,c4'z.a2ent W the • �-
<br /> , ,. cost t,�Borrower of the moagage insurance previoasly u�°e!'fect. from an altemate martgage insurer appro�ted�b;;.'Lender. If ;
<br /> • • ,.,'r•�;�� �b�q�Ily e�cv.alent m6rtgage•insurnnce coverage is not available.Borrower shall pay ta Lender each month a sum equal to
<br /> '.', ',, '•��ti•{;��`���� � oae•twelfifi o�t�"rk yeariy mortgage ins�ianoe premium being paid by Borto�ver when the insurancc oaverage lapsed or cease4 to �.'�Y:
<br /> ' ` `����,��f. be in effect.I.c�ndeF will accept,use and retain ihese paymenu as a loss teserve in lieu of mottg�;e.insurance. Loss reserve �,
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