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<br /> � � " _. - S. H�rd or Rnper4► lasv�ace. 6orcower shall keep the imgrovements now eaisting ar hereafter erec�ed on the ' '.
<br /> ' .• :.Y.:.� PtaBerty ittsured against loss by fire.�azands inc[uded within the tettn'extended wverage'and any other t�arils. inc7uding . F= ,` .
<br /> _ - _- f I c a d s o r t t a o d i n g,f o r c v I�c h i,e n d c r r e q u i r+e s i a s u r a n ce.Tdis insurance shall be maiasaiaed ln the amounts aad for the periads � .�. : ' .
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<br /> � •- ° � that Leuder t�equires.'ttte iasurancr sarrier providing the insurance shatt�c chosea iry 8os�awer subject eo Lender's approwal� . : , .
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<br /> �' ' �� wh�ch s2talt not 6�unreasanably�+ItIIheId. If Borr�wer fails tv maintaia coverage described a6ove. ieader may.at Lender`s � .. t .
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<br /> . . , optiaa,obtain covetage to protea LencIer's rights in tde Pm�perty in acoo r d a ace ari t h paragrap h 7. ;
<br /> ; All insurance pot�cies aad renewafs shal}.be acxeptable to ipuder and shalt inctude a standard mortgage clause. lender �~•► `�•y•1•"'J�•
<br /> •�� , : , } shail have ttw rignt to hotd the policies and r�aew a l s.[f L e n d e r requims.S o�ro w E r s h a I l p r e m p t i Y S i v e t o L e n d e r a l i r e c e i p t s o t :' �:., .
<br /> � • t paid pcemiums aad renewal aotices.In the eveiu of ioss.Barrower sLalt give pmmpt narioe to the iasurance carrier and Lender. � : . . .
<br /> ' l,sndet a�ay mage ptaaf of loss if nm made pt�osupdy by�ortowet. � ._ -
<br /> �.:. Lt�t�#.�nder and Sarcome�r otT�er�vis�ageee ia�rs'sting.�n�,��nee���is s�ali be applied co restoration or repau of the �j
<br /> �" ����� prc��pt�'dam�tged.i4 t�e restoration or mpair is economisally feas�'ble a�d Ixnder's seruriry is not tessened.[�the rescoraaon or - -
<br /> . tepaitr is not econo�tically feasShte or Lender's�iry woWd.be lesseaed,ttte�^�,*a*+�pTOOe�s shall6e applied to the sutns L.
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<br /> �,: _ � � sea�red by tbi9 SecuritY Ins�uG�nt. whetiter or not then due. with any eacess paid to Sorrower. lf Sormwer abandons the . _ ;.,..r, :
<br /> .�.;.':� QtvyertY,or dQes ant aasa+er.witA�a 30 days a ao[tce fmm Leader that tho insenance raaier has offered to seate a ciaim.then �... •,.,3• ,.``}
<br /> • l�ader taay coUect tt�e msnrance procaod.� Lendsr may use the proceeds w tepair or ceswre d�e Property or w pay sums
<br /> . �: � secu�by this 5ecuriry Instrameat,whether ar n6t thea.due.'fhe 30-day pCtiod�c�ll begin when the notice is given. ;� .:4s:°;,;<�: .
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<br /> � . , _ Ualn�s L�der and Eorrower otberavise agiee in wricia�+ anY•apT►ita�Up11-of pmceeds tu psinciP�l shaU nnt e�uead or _�..:�._
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<br /> postpone dte due date of'the montLtY Payments'refened ta in patagtaphs I and 2 or c6aaga t�e�uount of.the paym�ts..if ,� %�
<br /> :. t ..�t;: `� uader paragragfl 21 the Ptvge�ty is acqaired by Lender.Hormwec's�i�4i ta atty[psurance polie[es atul pmix�eds[�sultl�g fm1�_ Er.=� �T
<br /> ,,, :,' :�P•'., d�age ta tf�e Fcvpeny prior tu tb�¢acquisiuon shatt p�ss ta Leader to the exteat.afihe sam.s s�isy diis Socuricy Insuam�irt . _-___
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<br /> � -�;� immediatetY Aciot to the acquisitian ,°.;
<br /> � ,::'�f � 6,Qe�,Ptrsevatioa,N�ce sad i�C+ai�ion of td�:�gettpi Bos�vw�'s I�n Appucatfon.Leasehaid�d ,� __ �
<br /> �. Bormwer shnlL ooaapy.establish,aad use the Pm�erty as Bomuwer's�tuipat resideace withitc slxty days after the exec:utt¢u:af": ' �:�__
<br />_, .. . - � :<' thi.s Seauity basu+zment ana shall oo�e Qa ooc�y the Property�.g��rm�rer's PriasIPal�esidstce far�lea�t one yrar aitr:r_ ; `��.
<br /> � -,,:L-' the date of oocnpaacy.unless Iender otheca►ise ag�ees in wr�tin8,which conseaa shall not be,unm�sonably witbhel4 or un�u�= . ...��.��
<br /> . • ';;- � � ��g '�c�.s exist which are he�tond Borrower's wntroi. Boiaawec �Salt not destmy. dam�e oc impab'�t� 1• .� .�;
<br /> . - ,��..� ' pcopeny.alfrnw tt�e?mperty to deterioret�, or oommit waste on the Pmpeny. Botcoa�er shall be in default if'any forfefii� , ;-
<br />" .;���iy .. tt w�eiher civ�or crian:ttal.is 6egaa that ia Leader's gaod faith j�dgme�eoald resvls iu�re of f�e � -•-__
<br /> . , ,..�.�, acdan or pi+�t�edin8. . �•'-�—
<br /> �'.`..� PmPenY ar otfierwise atatecialiy imP�stTre Ii�a ereated bY this 5ecuritY Iruuument or Lender's sewxv.g��orrower may '?'= =-.
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<br /> • �: �;� . cure sucL a d$fauh aad itimsrate.ag pc+nv�ed in paragraph IS.bY causing the acaon o:proce�iII�a3:L�e.d�smi�d,with a roling .. '�-��y __
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<br /> .. : '�r,�. that, in ixnder's goo�fauh d�erminariqn, ptecludes fosfeitrue oi the Borrower's interest ia t5e�tapecc�=aff�bther tnaterial '�'
<br /> ,.• .' .�� im�airmeaa of tlte lien�ed lry th'ts S�caxity IaStmment ar Le�nder's sciauity mtecest. Barnawe�'sha2t also be in default if
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<br />_ ;: ';-;�� = Sorrower.duriag the Ioan apptir�stioa ptocess,gave materialiy fatse or iaaccarate infamiatioa ar slstc��ents to ixnder<or fa�ed ��; _--_-
<br /> � �r�,� r ��cladia but aot tiim'�. .,, ,- �
<br /> ,,f¢,:r . �t; ': to provide Ieader with aay material information)in ooaaeitioa widi�toaa evidenced isy the 1+I�t�;<:� S, .
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<br /> '�.��F'r",; . '; f � w,xePcrsentations conceming Borrower's ucc�pancy of the H�aperry.as a pciucigal resideace.I[[Hi§Securiry Insuament is����� �,
<br /> �'� :'�� ��'::n ° ��asettoh}. Smnower shall compIy with all the provisiona of:t$e tease. If Sotmwer a,cquires fee ade to tbr;,.�ny. � ,• :;�`'�.��::
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<br /> j ,,c �' � l :-li�se�otd aad tke fee titte sLa11 uot merg,e un2ess Leader�grees to ths merger ia wrisiag. ., . . ..�;; �
<br /> # • _' ;���-� '`'' 7.PI�oL�ida of l.eader's�fa�tfiee R+up�t9.I!Sormmec fails to perform the cove�raats�aa�d agteem.�s coutaine��a ,:.,.�,...-�-.,�,
<br /> ,' � �'�4�'�}` 1 t�is Security Insun�ment,or ihere is a tegal pmc�eding�at may significantly affea�ender's�in the PmPertY (such a5�� _ - --
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<br /> �.f ,.���' ti p�oceedinB m bankruptcy.pmba�e.for condemnatioa os,fo deiture or to e a force t a a�:or r e g u t a t i o n s},t D e n L e n d e r m a y d o a n a � --
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<br /> =,:�:,�,j:t,':,:-, ...'..:i,'- paY far whatevee is necessaiy to pmtea the value of the Yroperty an� IRnder's ri�ia the Property. I.ender's actions may : .�,t,:�,�
<br /> .�s ,:: . ,°, , : . iactude paY�B�5► � �� hY a liea wb�fch l�as pr�oriry over this Seauiry tasaument, aPPeariag in cow't.PaYing. � .,,. -_=;---
<br /> ' .: �a`;: "y",,, reawaab6e�mays'fees aud eauriag aa r1�Property to mxice repaus. Atthongb Lender may take action uader this paragraph ' _-
<br /> , .' ,''r����.� 7,landec drn�aut 1�ave ro do sfl.
<br /> ���,�'� � � , Aiyy acrouats disbursed by Lender nnder this paragraph 7 shall become addirional debt of Bomower secu:ed by this
<br /> `^tx 4• .��.'h{` � t Unless Borrowe�and Leader agree to other cerrns of payment, thes�e amoun�s shall bear interesc fcom the �. � .
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<br />- _���.^`.' .r�r:-0�4 d:s�iu.�ement at ihe Note rate and sLall be payable, with intemst, upon notice from l,eader us Hu�o�!er c�qa�g .� . _-
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<br /> �,. � . $,D+�3�e lasmaace.if Leade;i�uiced moRgage ius�aace as a condidon of roakin�t�:taan s �1�►this SeauitY '�',.�'��-�".'
<br /> . ` Insuument'.�:.�isrrower sta�it .pay the j�i�'a�iis�ns t+equired to maisttain the mortgage insurattce inG r���- 6i�;�sY reagon,the -
<br /> ,e� . . :� ....�sbrtg�ge insurauoe covc� et�L I:ender 1 ses or ceases to be in effect B sbu,�; E�t� ,t�iit�s to , � �`�
<br /> �,�.. .:t ��r �3"� aP � oFc!o.w+ei ��; � �[� ,�
<br /> ` . . � - �..��.t�tain coverage substantt�9�'�'dqui+�ale�t to the mortgage insurance previo�uty in ef.�a:at a ca�,�u4sstan6altij��eQuiwalent to the •" � 'y�:;
<br /> - , - �� eost [o Borrower of the iria�rigage in�`a�nae previously in effea.from an altemate mortg�ge,'3n�arer approved lry Leader. U � :. :?:!:�
<br /> - � ' ' '`. � � sWystantiaUy eguivatent mongage in�rcai�:e oove�rage is not available.Borrawer sha11 pay to L,�U.�r each month a sum equal to .
<br />- . . .. oae-tweiftb of thc yearly mongage i�x p�mium 6eing paid by Bolrower when the insprance coverage lapsed or ceated co ... ..
<br />- � - - ' be in effect.Lender wilt at�t�use�n�retain these payments as a loss reserve in lieu of mongage insurance. Loss reseive . . .. .
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