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<br /> •- ' . 5.Haasrd or PropeHy Insucsace. Borrower shall keep the impmvements now existi r h ter op � .. _ _
<br /> :f , tfie PrqpertY insured against loss 6y fire.hazards included within the tcirm'emended coverage"and any other hazards. `• � �-
<br /> • . " �� '� •including tloodg ar fl�ding,for ahich l.ender requires�iosuraace.Ti►is is�surance shalt 6e inaintained ici the amounts �� ' '
<br /> ', � and fos the periods that I.ender requites.The insuran�car�ier providing the insurance shal! b�cha5en by Bonot�et .
<br /> � stsb�ect ta Lendet's approval which shali not be unreasonably withheld.If Borrocver fails to maintain oo�'rrege describe�
<br /> � • � " � above.Ixndet may.at Lender s option,obtain ooverage to prot�ect Lendet's rigQLs in the�roperty in accardsace nith
<br /> , . .:: i PsraBraPh 7, . _ ' .
<br /> _ _ .._ � All insursnce policies and reneHala shall be acceptable to Lender and shal) �nciude a stanciard mortgage cla�ise. - � • ��,
<br /> ; Lender shal! have the right to hold the policies and renewats.If Lender tequires. Bornu��er shall gramptly give to c
<br /> , '. ;::`� I,euder alE receigtsof paid premiums and rertewal_aotices.in tt�e event of lass�Bnrro�er shall give prompt notiae to the °;; ; ,
<br /> insusance catrier and Ixnder.Lender may make proof of toss if aot made promptly by Borrower.
<br /> - ' Unle�Lendes astd Borcower other�vise ag►+ee in writing.in$urance proceeds shall be applied to�estoration or repair "'� ''
<br />- � -J°°''"-' �� � of the Property damaged.if the restoration or repair is oconumically feasible and Le�eder's security is not lc�ened.lf tha . - _ -
<br />.--- - • � • ''-� restoratian or rept+ir ia not ecan,omicallp feasible or Lendet's secutity would 6e iesserted.the insutance prace�cts shaii 6e `�---` - ,
<br /> � ' apptied to the svms secured by this S�uity Instrumen�crhether ot not then due,�ith any excess paid to Borrocver.If �� , r .
<br /> : ; BornoRer abandons the PropePty.oc does not answer within 3a days a notice from L�ender that the insurance carrier has '
<br /> _, : `., � offered w settle a claim.then Lender may collect the insurance pmceeds.Lendet tnay use the proceeda to repair os '• ,• �. . ,:_ .
<br /> � restore the Pmperty or to pay sums sacured by this Secwity Instrumen�.whether or not then dua.The 3Q�day period c►itI
<br />: _. .` , :. i begia when th�notice is giiven. c ��'"' ' ` .
<br /> ��-'r Unle�Lxnder and Bormwer othernise agree in writin�,anY aPplication.of ptaceeds to principal shali aot estend or `;'�,..:,,.';�_;,:_-
<br /> � .. i postpone the due date of the snontt�lq paymen�r�fened to in paragraphs I artd 2 or change the amount of the papments. +�t �; �
<br /> - . If under ParagraPh 21 the Property is avquired by Lender. $orrower's sight to aay iasvtance policies and proceads r � .'�:`
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<br /> . • � resu1ting from damage to the Property prior to the acquistion shaii pass to Lender ta the eatent af ttie sums secured by • �.< ......�.
<br /> � .. �`..'s: this Secu�ritq Insuciment imm�iatety priar w tlie acquisition. � <.` ;:�-•,� -
<br /> ., `��' 6.Occapaitcy.Freservation,Mainteaauce aad Protectioa oi t�e P�operty;Borro�ee�'s�rba�n'Applicatiun; i ,� �
<br /> ; °�`.� LeasehoIds.Borrawer shall occuPY,establisA.aad use the Property�s Earrower's principal res�de�!;�#bin sixty days ` ,::. �
<br /> � �• after t�e eaecution of tiva Secvrity Instrumens and shali oontiaue to ooc y the Pro as �?s aci ",s` ��
<br /> '`i, �� . • ; . _a.--
<br /> � ��� cesidenoe fac at least one year after the date of occupancy,wite��.ender othemise agrees i�n w�n'ting�:ti cerssen3:�f . <<u�1�;��";_""°
<br /> .: � .::::r5: not 6e unreasoaablg wititheld.or wtless estenuating circumstac[ces eaist which are�eyond Bomower'��ohtrol.$m:tsvi�t ; ':' ':' -—�
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<br /> ' shall not destroy.damage or impair the F9ropecty,allocv the Pivperty to deteriorate,or oommit ara�'se dn tiie Ptbperty. ` `,�
<br /> :.:.;''' ; ' Borrocver sha11 be in d�#ault if any torfeiture action or proceeding,whether civil or criminal,is b�ittk;that in Lender's ,' 4 � r
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<br /> goad faith judgment oould result in f o r[eitu�a'E s hc P r operty or o t herarise materi a l ly irnpair t h,e��crea t e 3 by t h is ��� _
<br /> y�;,. Security Instrumen4 or Lender's security interes� BorroNer may cure such a defaul�and reeu�.�te,�as provided in "'�s
<br /> # . :,���::=-�. PasagtaPb 1$ by causing the acaan or prac�ding to be dismissed with a rulicr��tz�.ni.`.�?eder's goad faith ` '�`�"~��...-
<br /> ; ,: �.. determinatioA,precludea farEeitus�of the Barna�rer's interest in the Progecty or otinerx�s:�ati���i�:}�S'irment of the lien
<br /> created by this Secutity Instrumentar Lender"s sacurity interes�Bor�ower shaU also be��r�iF.�'m�.�orrower,during '
<br /> ;�``' ;�'` the loan applicatioA grac�. gave materially false ar inaccurate intormation or stat��:ts:+xy'�ider (or failed w .
<br /> a '� provide i.ender aith any material irifnrmation)in connectinn with the loan evidertced o n the�Nate�Finciuding,but not =
<br /> � "�t `:-� '` limited to,tept�esentatioas cancerain�Bornowet's occupancy�of the Praperty as a p�al tesiaence.If this.Security = _
<br /> , • ' - Instrumeat is on a leasehold Bp���'shall comply with al l.t��provisions o f t he teas���f$orrowec acguires fee tit le w
<br />• • �i��'': the Property,the leasehold and the fee title shall not mecge unlesS Lender ag�ees to the inerger in wrfittz*� :'• �..; ___
<br /> ` :'� - � : *•� 7.Protectioa of�.endet's Rig6ts in t�e Progetty.If Bornowec faits to perPbtm the cove�v�:,�d a�rcements t`,�,:' .-:_-�
<br />��' � ` � wntained in this Securi Ingtruraen�os there is a 1 al roceatin that ma si ficantl affe�t:-. rii�s� m ihe `'' °�.� -
<br /> :�:-j tY � P � 9 � Y �3� �'�q.- � —
<br /> -- - �P�Y �such as a proceeding in.bankr�sptcy. pmbate. fac condemnation or far�ei:vre a� �.�a:.�#�� or }��,�r�� -
<br /> regalations),then Lender may do atid pay for whatever is neoes�ry to protect'the raJ,i+���e.$b�y an��r'��r s • o-S,�R�;,
<br /> - '-`-'°� rights in the Pcoperty.�.ender's actions may include paying any sums secured by a�re�,�',�;;�Y�.��;:iority o�er this x
<br /> '� =s'� Se�urity Instrument,ap�aring in court.paying teasonable attorneys'fees and enterin��ca�t�pe3�crs�vy;�"o make reDairs. ��. "sw 5,�r =
<br /> :�:�; Although Lender may take action under thia paragraph 7.Lender does not have to do�i , �` �: '. � �:;� ' ��� �,�.
<br /> � �:'.�i� Any amounts disbursed by Lender under this paragraph 7 shall become additionr,��Lt�,cP��su�r secured by this � ;�.�, t �,,:,
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<br /> . ;.:y Secu�ity Iastrumen�Unless Botrower and Lender ag�to other terms ni payment;.�arnous:�sha}1 bear interest ��� -
<br /> � from the date of diabutsement at the Note rate ai►d shall be paya�le.with interest.upun rioiice irom Lender ta Bomac�er :' �
<br /> requestinS PaYmen� � ..., ?±� �� �s •,
<br /> � 8.Mortgage lnsuraace.If Lender requined mottgage insurance as a condition oi making th��;t�.�R secured by th�s �� > _
<br /> �� �� �' .� �;- Securrty Instrumen�Botrower shall pay the pmcniums required to maintain the mort�ge insurance;ua;efiect.If�for any . '"'':' �
<br /> `" reason,the mortgage ins�rrance coverage tequk�by Lender�lapaes or ceases to be in effect.Boisr3wer shsll�y the ���.x ,�
<br /> ; : .
<br /> �' ; 4 f � �� ptemiums required to obtain wvecage svbst�oziyy equivalent to the mortgage insurance previousiy in effect,:uG�!cost ��� �
<br /> ,.;,��f��",�� ' substantially equivalent to the c�t.� �eni•a+�r of tAe mort�yge insurance previously �n effectT from an.�Cn�nate _ � '
<br /> r ?�;!��'P� : � mortgage insorer approved by�Jiu'sr�er. I� �nlastantially equivalent martgage insUrance cover2cge is not available. � * �
<br />°°- .;�:`"�4.:`:. . .: BorroNer sha1) y u�T:ender eae��morith a s�::s ual w one-twelfth of the yearly mort e insurer^..e wm.bein �' '•r ; '
<br /> .,;�;����.,�,,;.. Pa al 8a8 Pr+e!n� g • ,,:__,.,,•_,
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<br /> ,��� ' °. =� paid by Borrower N'.�ar the insur��xe coverrige lapsed or ceased w i�e in eftect.Lertder�vill accepi.use and retain these . .
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<br /> � ;,f5��� ., i payments as a loss�t+eserve in il3c� of mortgaga insurance. Loss reserae payments may no tonget be :c^�vired, �,`
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