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<br /> � , f irtcluding flonds er 8aad'eng. for which Leadet�quirrs insuranoa.This insurance shal!be maintained in the amounts and " .
<br /> .: far tfte periods that lxnder requires.The insurance carrier p�oviding ihe insurance shall6e chosen by Borro�ve�subjeci w :.�?_�
<br /> • ��� s., � Lender's approva! whlch shal! not be unreasonabty withhetd. If Borrower faits w maintain coverage descritnd above. � '�� `�� .� �
<br /> , ` � :. 3 . L e rt d e r m a y.a t L e r�d e r's o p t i fl rt.o b t ain o ov e r a g e to protect l.eader s ri ghts in the I'ro p e r t y in accorQansr witb paragraFh , ' ,
<br /> � . . � A U i n s u r a n c e p o l i c i e s a a d re n e w a l s s h a 11 b e acce ptabEe to Lrader and shat! iitclude a staadard mort g�ge ctauce. .
<br /> Lertder shaU have the right w hold the policies and renewats.[f l,ender requires.Bor�ower shalt promptEy give to L.ender
<br /> �,; � att Ccceipts of paid pr�niums and rertewal notic�s.lr.tfin evc�t of loss.Borruwer shaH give pmmpt notice to the insnrance =---=-- ��_ -_
<br /> " „ ;.,'`� wrrier,and Lender.i.eader may make pmof of Eoss if.rrot made pmmptty by Borro�ver: c — -�
<br /> ET»tess 4eadcrand Borrowe�otheswise ag.ree irr.writiag,insuc�ar►ce prooceCS sha116e applied to restorativa or repair � '"` ,;�_
<br /> of t�te b�ropertyr�age�,if the resioration or,r,epair,is ecor►omicaHy f+easibi�and LeadePs security is not Iessened. If the �
<br /> . . :` 'r i restntatina:or c�i�i�.rtot economically�i>!I�ar,k.ertder's security v�quid be lessenecf.the insurar[ce peocreds shall be � _ .:_ .. �
<br /> • � '� ± a�p1i��tEte sutp&sea�red by this Security.�tnr�ut»e�t, v�hether or rto�ctisn dae. with any excess pa:d to Bocsower. if :��_� '�� ��`'
<br /> Bor.m�acer.a6attdoria che Pro or dfles uot ansv�er wit6ia 30 da a natiae from E.ertd4c tAat the i�warice carriec has j.:���:.",:;��
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<br /> - , ; � of�va settte a ct�im,thei►Lender may oollect tAe insurance proceeds.beade�-may�ir�e the prc�c�eeds ao�cepais o�r.�srmre : -...
<br /> ,_;. ; the 1PKO�}e�9t•vr to�{�sx stams se¢ured by this SechtritK Instrume�rt.wheWer�T rtot dtete:d►te.The 30�de,y�peRVd v�iiT,begi.�r : � , , :
<br /> '6 � whert t4te itouce i�,g�acera: . . :
<br /> . � . t�n tess L e�r a r r d B o r r o w e r o t h e r w i s e a��e e in writia g,an ya�li c�t iwn of proeeeds tn pri n c q�a R sfta!I rtot exs�eer�csr �` :
<br /> : ; pest,*oe�e the due date of t0e monthly paymecsta t,e�cred w in paragra�h a:�t a;xi 2 or change the amouat of the Raymems. !F � r
<br /> .�;�_ ucr���a.ragaPh 21 the PtaF+eriy�.js acquired B�•�.eat�►er,Borrawer s ri�fot 2�any insaranoe po licies a n d pra o e e d s iesu lting • "� _:'
<br /> ., fr�t�a.tracnage w the PropeRy priart La th�aa[uis:rean siiatt�ass to Lec�fib the eatent of the sums secure�by this Security ':',,� �z-
<br /> . ;, '; Iastru�em immediately prior to t*e ac�+csiti.utr. �: ,
<br /> �� .. 6. Oocopancy Preservatimar., t1�4t�auee amct �h+ote��a a�i$e PenpertY;Barmwer's Laan Appltcatton:
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<br /> : �'`''•` I.easeRoids. Horrower shall cxcuPY,esqL�' L"+1�4�,nd use�h°�C'ap��as-�fiormwer's prinapal reside�roe within sixty days � . -:
<br /> � after the exe�artion p4 this Security lnstrur.re�a�shall a�in�.ro ac,r;��the Pro�erty as Bonowei s principal residertce , °�=-
<br /> r�c T - for at teast one�reas a8er t�e•�of ocxupastcy,unless_�.encAac othera��ve ag►ees io writing, whicb oon5ent shalf not be . ..; `�-
<br /> ��,��.� �' � un�nably withhetd.os ut�ti�s.extenuating circumstances e�ist which are�eyond�ossower's controt.Borrower sfiaii not •-- ��-�
<br /> %���,{r deshoy. damag�or iiapais 32ee�'iopetty,altow the Pcoperty to deterior.�te.or comrnit waste on the Pro�oerty. Borrawer �• �t,
<br /> .;`n:.ti�., shalt 6e in defauft if any fori��pire action a�,gmoeeding,whether civil a"s�citmimal. is begun that in I�ender's ga�d� • ,. �_
<br /> ' judgment ooutd i�sult in forfeiture of the;Pmperty or otherwise mac�a{iy impair the lien created by this Se+��"s�+y , � :-
<br /> . . � r lastrutnent or Lender's security iirtemst.Borrower may cure such a deFauL and reit�state.as pmvided in paragraph fS.�s� � . • ��-
<br /> �,,;.y. � :�`. causi� the acdon or praweding to be dismissed with a ruting that, i� l.ender's good faith determination, P �recs�� �.�`, � `"`
<br /> far;��tt►Ee of the Eorrower's interest in the Pcopecty or��Frtt material impaument of the Iten ereated by this 5o�ry � , ��a
<br /> t�tstt ar iender's security interest.Borrower sha!!a�a b�;n default if Borrower,during the Ioan applica4ia�i,ptnats�:'.� ,••,. .�4!.-=
<br /> `' . ` `'� Yg:��tcrially false or inaccurate inform.ation ar state�,te�ts Ea I.er.d�r(or faiied to provide l.ender with any��qi&:eria3 .
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<br /> � . �` 3 :i ,:'•;" ' isifaii�i8lion)ia a►nnection with tt�e toan e�rit(Giesed by�r:.i�b�.i�� ��[i�,,,6ut not timited w�re�regFntat�ons aonoeming � "�
<br /> • ' ., '�' • BonowEPs urc�t�tcy of the Ptoperry as a piiA�ipal reside6ce.If tfs�:�pr�ty Imswmem is on a t�eAaTd,Borrower shali •� __-
<br /> � � � `�� oomp►y wich a!!fJia pmvisio�ts o�tt�teas� Tf Bonnwer a..Suires fee`�itl��tt�Pcoperty.tte tea�eli�old ac�d the f�e title � s _
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<br /> � i���.t� i , S��c9na merge un'ess Leider�a�ees to ttie merger in wr[ti�. , -
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<br /> ,�r �� Y�;;, ,.;.; :.: - 7.Pp+ute�.o8 i.t�tt�4�r's�Ri�l�is ia the Qrop4r�y: Df Sorrower fa�t�peafvcGa cT.e oovenants and ��� �w� =
<br /> ",r" ;:,' ,- ;�i ooatsi�xd�in thdt��nty.lttiatai+ment. or there is a lega3�p�oreo�n�t4ai•�p si�£v�x:.�affect I.e�der's si ",in tFe , ;. ,' '�Yx���'
<br /> !_._--"r:� ProPoi'tY(su¢t►a'c,e p�fooeodrng in�&ruptcy.Pm�ate,for aoc�'em:�no ou f�:�:ure or to enforce laws or reg��sr�).. '1 ,� � .__
<br />�, . � . .( then Le�er may d�aad pay for whatever�s ne�sary to protect the'ra.�`ve of ihe Piroperty and l.ender'a,rights in the �•�,; :. . :'• �. ''f:: ,�_
<br /> _ ' �..`.�-.._1 Pcoperty. Lendes's actions may ir.ctude paying any sums secured By a lien which has pr'tority over this Serurity � . ' .�,•:�_-
<br /> �: ' ,i Instrume�rt.appearing in couR.paying reasombie attomeys'fces artd entering on the Property to make repairs..Aithougb ;;;` "--T
<br /> . Lender may take action under this paragraph'I.i.cnder does not have to do so. ' a� _-
<br /> � •� - Aoy amounts disbutsed by�.ender urxter this paragraph 7 shal!become additional debi of Botrower secured by this � ' � --
<br /> - � Sewrity Icstrument.Untesc Borrower and i.e�st agree to othCr tetms of paymen�these amounts shall bear interest fr om ';' '��'� .�•i
<br />: "3 t!►e date oi disbursement at the Note rata atad�shail be payabte. witt� interest, upon notice from l.ender to Borrowea � � , �'.• �-
<br /> • '�'- requeating PaYment. , , �;.•~•�
<br /> :. 8.Mortgage insuraaoe, li l,ender required rttartgage insuraac�`us�a wnditioa oi.maiing the toan secuted by,Mis
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<br /> ���� ` SecuHty fnstrument.Borrov►�er•sha11 pay the premiums reguimal�tc+rn��ta�n�the rs.c�t�e insuraTtee in effeet. It,gor any �,��
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<br /> � � , �, reaspn. iho mortgage insuranoe ooverage required by Lender�Is�se�.arr.:��ses'cc��+e d�x ef[ect. Borrawer sh�l1 �y tloc s�r� �s=
<br /> ;, ;�y+t,,�; preinluma requlned to obtain coverage suhstannatly equivalet�t to the mAr4gug:•ir�su�usroe previously in effect.�t�a oust ►4';��� ----
<br /> • substantialty equivatem to the cost to Borrower of the mortgage insu�;�reviously in effect,fr�m an altemate mortgage � r'� r .,_
<br /> ins�ner aQproved by Lender.if sulutantially equivalent mortgage i�uraiare coverage�s not availabte.Borrawer shallpay ' _
<br /> '` to L e�l e r each month a sum e q ual to one-twelRh of the yearly mortgage insurancc premium being paid by Bor�awe�when
<br />`�� "'��1�, • , �r tPie�s,isrartce oovera ge l a p s e d or ceased to be in effect.L ender will accept,use and reain these paymerrts as a to�s reserve
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<br /> . � ��,�;,, , ' ,_ in 1�ieu of mortgAge ias�uanoe. Loss reserve payments may no longer be required.at t h e option o f l.e n der. i f mort$a t �•;:�
<br /> ;�.r•. iasurance coven[�s(in the amount artd for the period that Lender requlres)provided by an insurer approved by Le�r
<br /> • � '' `� � again becomes uar^.�1able and is abtairted. Borrower shall pay the premiurtcs required to mairttain mortgage insurance in : ' •• � �
<br /> " ' . �:,;�;;',;;` � �, effect. ot to proVide a toss reserve. ur�ti'3�tie requitement for mortgage insurance ends in accordanoe vnth amr written . •�••
<br /> � � :��i�� .�. agreement between 8orrower and Lertder c��licable law. fbrm g0?8 9l90/page 3 0l 6l '
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