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<br /> 5. �daxtrd or Nnp�rety [acnrauee. BnrroRer shall kcep c1e impmtemenu Qovr existing or heneafter crected on the ,��,: ,:V:'-y� _
<br /> .. . , ; � progem,i,�sured ap,ainst loss by fire.�d2�[Q5 UICIUQCd A'ltli�4 tDC[CCm"cxter,ded covecage'arzd any o�her hazards, inctudio8 . ,
<br /> ; �t•.'�.. _ ntaineA lII tht.�tQUtlts�ttd foi thC oils �� .
<br /> . } tloods ot fiooding,for�hish txn,der reqnurs iasuraace.'fhis insurmzce shalt be mai P� : .
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<br /> �.,`<# tIlat LeuQer requires.'fhe insurance carrier providing the iawraatoe s�ali be caasen by Barrower subject to Ixnder'a appm�al ,. : �,�. „
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<br /> . # whic6 shall nui be unreasonably �vithhe2d. If Boirower fails to maintain covera�c descn�ed aDo�•e. �.ead�s m�Y.at Lender's �. �
<br />: ...:a O�)LtOA.obtain coverage to pmcecc Le�dcs's righcs in the PmpenY in accordance v�itb paragrapa?. _ _ _ �
<br /> „ , .''� At� iasarance polici+�and ceQevrats st�all C+e a�ceptabte to l.ender aad shall iactetde a staadatd mortgage clause. L.eneter :,.' `
<br /> shall Qave the right to hold the{�olicies ar.d teaeaals•lf i.ender ret�uites.Borrower shall prompth give to txnder all receipts of
<br /> :�I paid premimrts and renewal notices. Ia the event of toss.Barnnwer shall gi�e prompt aotioe to the iaseuance caniu and L�sder. .. ' �
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<br /> Ecttder ma f malce praDf o€Goss iF not�de pmmp8y by B�rrower. _�s._. ,. ,
<br /> ` .,�-�_,:�f� � Un?ess.t.�rtder and Sorrovrec ot$erwise a�ree ia writing.inc�rxece groceeds shail be apptietl to testorazion o;repair of fie . . , .
<br /> : ,�:, i propertic da�aged.if the restoratioa or ceQair is eco�omicalIy feas'sDte and L�ader s secari�r is rmt tessened- It t�e rese�raciw�or � -..
<br /> - � �t r�a�is not,econoaucally feasib[e oc l.ender's securic�r woutd Be Ie.4sened.the ins�uaace proceed;sHall De a;�`.�tc![a[he sums '` ' .r �
<br /> • ' � secured Dy tDis Sec�rn'tjr tus�ument. vr�et�er or aot t9ert due. �it�anyr eacess pa�ta Botro�au_ �f Soac��et a��•�dons the '�...°: s`.;.;. : :
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<br /> :� Property.or does not answer withira 3Q days a notice from E.emder chat the iasusance carnec[ias off�ed tce�r a ctaim.dtea • - .',.
<br /> ..v '� t8ader may collea tde insurance pca�eeds- E.e�er may eue the ptoceeds ca reQazr or res[vr�tGe ProQ�ecati or to pay sums ;�� ,',.
<br /> '` �'° `'"'� vr or uot thea due.'Fl�3�da}r perial wil{begin when the aotice is giver.. `�'•`• -
<br /> •,,:, •: ..� �ured py this Secuiity InstrumenE> b�t3tec �.'�.�_"
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<br /> ,•`�; Unless Lertder and Borrawet�ecw�ise agree in wriEUtg> aav apptieation of proceeds to ptiatip a l s h a l l ao t ex t e n d o r
<br /> ' .�'':`'. '�. Postpcsne the due date of tAe monthiY Payments teferred ta ia�aeagraphs 1 and 2 or c8a�ge the amowu ctf the payments. If ° ,._: ' .:•-` ,.:°_
<br /> � ,. � ucder paragsaph 21 the Propeny is acquired by Leader.Sorrower's rigtit to any insvsaace pnlicies and Proc�ds resWting from __._`wr,,�.....
<br /> � .. damage to t9.e Praperty Prior co the acqnisiciaa strati gass w Lender to the extent of the snms secured 6y this Se�uitY Inswment . . =° - `
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<br /> �� imme�iiaoel�pFior to the acquisitio�
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<br /> . -i < 6.Qa�msy.Preservat�an.D��fa3mmt2aaaee sced PratectloII oi tiee I4vpe�t�r;Baataw�'�I.oaa Appl�catton;�.e�eeUold4. _ _ ::.,
<br /> . � Bnfi�!�sCia�l occagY.establish,and use t�e Propesty a5 Bnrmwer's princi�al rae.s�ieace within sixry days afeer the execurion of , � -.���.:
<br /> . . • . -"".:Y•., t'�s�iry iasuuzneat and shall cominue to c�the Property as Bottv�-ec's p�rciPa�resideace for st teast one Year aftec ` .�-.-_""�- '
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<br /> .. � '.�;`�itt i�£ocxupan+cS+,unless l.ender oc�erwiae�S in writing.which cc�r�.s�a11 not be unceasonabty witbhetd,or wiless :'' �.
<br /> ' � �' ::. att�nu�tit� circumstances exisc c���� are 6eyo�Sorrower's control. B��,�er s�alF.not desmay. damage or impair [he �.,
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<br /> , �Prn{�u:'allow [he Property co�rate. or commit wasce:�a the PmpeaY- B orro�.�'�a l�be in de f a u l t i f az ry f a r f e i t u r e � , �„�:_
<br /> „ ;; !:n'Y, ;`'�= , acuon or prooeeding,whether civ�7 ot criminal,is beS�that�.i�ender's good faith ja�nt wuld cesult in fotfeimre of ilte _ � : .
<br /> � °� pmperty or otherwise raaterialty ur.pair the liea created by this Seaujry lnssrument or Lender's securiry intecest.Borrower may �r =w _
<br /> ' !, ,'.. � core such a default aud reiastate,as provided in paragraph 18.by causing the actioa or pmceeding[o be dismissed with a tuliag � '�*-=--=�_
<br /> s;j t>} �.'4�. tT�ai. in fxcder's good faitb daer�i�ion. preciudes forfeinue of the Sottower's intet�st in the Property or other matetial t..•���.-_-'
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<br /> .,,�,��?f' '�, -,;� impai..^m3tcE bf t�e lien created Dy:�'fh�s Security Inst�umequ a�er's security interess.:l�rower siu�ll also be in�fapli if ; �
<br /> . . �orr�v�.aiuring the Ioan appticatian:psocess,Save materiall�r�a.`t�or inaccurate infom�Ydeiu.or statements to Ixndrr�c�T�ai2od
<br /> . . . ; . � t�pTSivict�Leader wich any materi�.infarmation)in ooauectiaaa��w�tL the loaa e4ideaced by ths Note, iccittdin8•but�et.lc�uited ? t��
<br /> °• � :tc�� z�t€ntations corcerning Rosrc++u�;s,q�ac�cy of�e Properry as a ptir.�ipal residence. If�h1s S�at��nsm��is:on a � ����_
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<br /> . .� �Tia�bY��'.�Bosrowes sha11 cam�:4vi�t����3�e�rovisions of the lease. L4�avtro�ver acquir+�s fee tiWa,wo•x6e Pappert}r,}:,ihe , , e
<br /> ,t., ,-;,_� leasebq�i'.;mea the fee tit2�s2tiall:so;,mer�,c unIa�s��:2nder agrees to the merger'ica;w�i�ing. .: .. �,,.. �
<br /> :N J . :, , y.lE'r�tectton ot I:emd�r's I3i�'tit�Ia the PtopPrtp.If Borrower faits to geirFarm the cuc-�aants and agreemeats i:o�mtd�ia } , •, .�°
<br />�. ,.,`'� `� `, this Sec�uity Iosttum�•r.'t;or there is a legal pro�eedin8 that may signifccant2�a€fect Lender's rights in the PropertY lsuch as�a '�� � ��• ,, --
<br /> : i. proccediag in bank.^'�gt��.probate.for conden��n or fo r fe icure or to en f¢�xn�e�aws or r e g W a t i o n s).t h e n l.e n d e r m a y d o a n d �.. ::
<br /> � '°f'�' � ' � p a y for wt�atever ss necessuy to protect the v,�ind o:the Property and i.e�d�s''s riglits in the Progerty. Lender's actions may . --
<br /> �''�<'�,�.: ��. ;f: a lten whic� has priority over t his'S e€u�i t y �S�a�n t, a p p�r�n S ��u ri, P a Y�g � �,s�'�`
<br /> , � �,c , incIud�;Paying aaY sums sewre�.'�►}� 5��,�=-
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<br /> "��1:;��: . • reasun't�b'te attomeys'fees and enteriag on che Properry to ms�c��:pairs.Although Lendcs i�wy take acdon under this g.at2�r.aph AY
<br /> . ", 7.�eitit;r�does notbave todo sa_ ..r�;��': � , � . , �..:�•.�_--
<br /> - • . Any amounts disbursed by lxndet uader this para�raph 7 s8a11 b000me additional debt of Borrower secure�:;.�;�,i�lis;:� . ,•,., ,f.;:-;;�;;_---
<br /> - -. � .. • ` Se�lastr�ment.Unless�orrower and Leader agra to other terms of payment,these amowts shall bear interest t�syu:`si�� � .
<br /> •• � •• �date;o�€�'ssbwsement at tAe Note rate and shatl be payable, with interest. upon notice from Leader co Sorrowec`iraqiu��o8 ��? a��i�Y{:: __
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<br /> ' " S.Mortgage Insurance• If l.ender required mortgage insurance as a condition of making t�e loan seeured Dy tl,t�a?S+�,a�riry ,,
<br /> - ' [nstrument, Horrv�+rr sha11 Pay the premiums required to maintain the mortgage insurance in effea.If, for any rr�on. the . ___
<br /> � � � mortgage insurans7r�v,ma•erage required by Lender lapses os ceases to be in effect.Borroaer shall pay t6e premiums r�quired to ���;
<br /> � . ,•;;,;..' oUtain't�aerage substaatiaity equi,�:�em to the mortgagc insuraace previousiy ia effect. qt.a cost substantiaUy equivalent to the .�ti:. 1� . : �
<br /> r • . �'.� ;:� cast�1b��8oriower ot the mottga�insurance previous1y in e[�, from an a1[emate mpttp�y;e insurer approved lsy��.f.t�Ger. If ����r�,� } . .. .
<br /> ' ` ,,' su6stan�4all y e q,uivalent Raort g a�i�irance coverage is bot�avasiiwbie.Barrawer shall pay�pr 1 ender each month a shin a��ual ro ��'�
<br />�'t •� � �'�'`Fr{ one-twe}fth of the yearly mortga�'�risurance premium bein�.�ts��by Borrower w6en the ituurance covetage lapsed aX'i:r�sed to .
<br /> ' ��`�'� ` be in effect.Lender wflt accept.u�e aRd retairr��tese paymenss':� a loss reserve in lieu of mongage insurance. �.v;s reserve . . �
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<br /> � "' , • Fotm:;lCENA 9190
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