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<br />' , ' " S. RaTard or Yro erty tacn�,ne� Bornav�er siiatl ke�►the improvements now eaisting or V�after egrea�ea oa�� : -...
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<br /> _ , _. .. . -_ ' - Fcopecty in5um�agauist toss Ey�ir�.bazazds inctud��rithia the tgreu'ex�ded wverage' and any other hazazds, inctuding -.- _ :- - -_..:
<br /> ��.` flaads or flanding.for whlch Lender tequires insurance.This ituuraitce sDall be maintained in the amounu aad for the periads
<br /> . : '� that Le�nder requires. The insuraace carrier pcoviding the insuranoe shall be cLosen by 8otrower subject to Lender s apgroval
<br /> t wt�c�shal!aot Dc unrEasonabiy wi�hheld. tf Borrower faz'is to maintain covenge described above, Lender may,at l.ender's
<br /> � i opdon.obtain wverage w pmtect Lend�r's rights in the Property in azcordance with paragraph 7. .
<br />, �. .•; At!insurance poticies�d tenewais shali be a�eptable co Lender and sLall iaclude a standard mortgage clause. l.ender
<br /> ' � � �,� { sha}i have ttte right to hald the pofici�s and reaewals.lf txnder�ures.Borrower sha!}pmmptiy give to L;ettder all reoeipts of
<br /> _ ,`�- � paid premiums at�renewal Qatices.ta tlic event of loss.Borrower sha11 give prompt notice to the instuance carrier and i.ender. ___ . - - _
<br /> Lendet may make praof of loss if not made promptiy by Borrowec.
<br /> . - -�. _� lStitcss LsaQ��Sosta�:r 41h�.mvise a�ee in writing.insuran�pmc�is shaii 6r a�ptied ta restaration ur rc�sr of the __ —_
<br /> , --5 _� � propeny damaged.if the restaratfon ot[eQait Is eaonomicalEy feasible and�.cader's security is not tessened.If We restoraiion ar
<br /> . . . '. ,` .� reQatr is not economisally feasible or t�ertdet's s�uriry wouId bt tesscne8.the insurancc prace�Qs shall bc applied to the sums . . . ..
<br /> seauad by tAia Seturiry Insuument.whethe�or not then due. w(th any excess Qaid to Borrower. If 8orrower abandons the
<br /> • � • Propecty.or does aot answer wi�ftla 30 days a notice fmm L�ender that the msvraace canier has offered to s�ttte a ciaim,then
<br /> . . ' '.,.� . Lender may coltoct the iasuraace prooeeds. Lender may use tAe pruoceds to repair or restore the Pmpary or w pay sums
<br /> � secuted b y this Seaaui t y Instcument.whcther or at►t thea duv.'t�e 30-day periad wi�l begfa wAea the notice is given. ^..�
<br /> tSt�less l�nder ansl Borrower otheivvise agree in writi�►8, aaY aPAl�c�tion of pmoeeds to principa} sha11 not extend or
<br /> ppstpon�the due date of the monthip Paymeata cefeued co in paragr.�phs 1 and 2 or ct�.wge the amount of the payments. If � = �
<br /> • � � � .� --.�,.,:
<br /> - _ - - �:::-� �mdet Faragrsph 21 thr�ag�tyt is aoqoised by!�.Bormwer's right to any��0�ran�poticies and prac:eeds resuttiAg fm m _-*-
<br /> � �. ^�� ` damage co the Pmpercy prior co tha aa�uisitlon sLaIl pass co Lender co the excent of the sums secuied by eLis Securiry[nss�umeat _-;=--�--��•..-
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<br /> ! immediateiY Prior ta the acquisirioa. � �. , � ---
<br /> " :; 6.Q�ncY.P�esvattrm.Matnteaanoe and Protedtoa of t�e Property:Borruw�'s l.oan Apglfe�on.I.eas�hotds. � .. .� ..
<br /> . ��:r'. Bonower s�aU accupy.estabtish.aad use tiie Ftapeny as Boirower's principal cesidence ar�•t8in sixcy days aRer the exewtioa of � - -
<br /> _ . , <�r. this SecuritY tnen,��,enr aad sLal1 ca�ane ta ac�ipy the Pkopeny�as Bormwer's principal cesideuce for�teast oae year a8er _ �_
<br /> � . .� - - the date of oaupancy,unless Ieuder otherwise agrees ia wrising,which conseat sball not be unreasonahly wiW�etd,or uaiasg ' �: �,u
<br /> . . > �.'�-
<br /> � eateauating ci�cumstaaces exist which are beyoud Soaawer's conu+nl. Barmwer shari aot destmy. �e or �npazr the .i_.�:'�..��,��,.,Y,.-��
<br />- ' Property. allow the Pmpecty w d�eriorace,or cqmmit waste oa the Pmperty. Borcower shall be in default if aaY furfeiture I:� �� °;.,�__ _��ei.:
<br /> . - -... astion or pmceeding.whether civ�or c�i m i n x l.is b e g u n that in Lender's good faitL judgment ooWd�ssIL is.forfeiwre of the ='J.� _..�
<br /> , ,r� Pmperty or othc�arise mazeriaUy impair t[re lie�cer�d by this Security�nsavment or Leader's securiry i�c.Bomnwer uray � ,� � ����`=._:
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<br />- .,. . .„ :� aue such a default aad te6�state.aspmvidei m pz�ag�rapb 18.bl►ca�uia8 the aaion or prooeeding to be d�.�irissed with a niling � r—-
<br /> : that. �n i8nder's goed fait6 determin�aon,Pred�ttes forfeitu:e of tUe Borrower's interest in the Prapruty�or other material � ;�ta}�'�4,�v
<br /> �l.!r�i���n-.
<br /> - �. `, impairnaent of t6e lie�t created by t3�is�riry�sommeat or Lender's seQUiry interest. Borrower shall.also be in defauIt if � ,y�F�'
<br /> ��� . : �. . � .. Boirower,during tI�e taQn appli�a gYUCes�•g�e materially false ar iaaccurate inform2tion or statemeafs to Irnder tor fa�ed ;;��� _
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<br /> • '• � w psovide Lender wit��y mazeriat iaform�D:�i�coanearoA witb We loaa e��idenoed b�r the Note.idc[udiag,buc not limited , ,,F. __
<br /> '' ' to�reptesentations caarr.e.aing Borrawer's o�of the as a riad�s!residenoe.If this Sec�.ity Insuument is on a ' —_
<br /> . �;., �p�Y P � }��- ��
<br /> �tri`3o acqtums fee tide w the Ptn the '��s;;,;. �,-�
<br /> . _ � ... - ,�; ��teasehoid: Borcnwer sl�all wmpty witD aU tti+r`�cnvisions of the lease. IE, wer g�Y• � • -
<br /> . .. •r .leasehold and the fee 6tIe shall noc merge imless,�;�des agm,e.a co the mergei 9n mit[ug. _ ___.
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<br /> -- - - ---,�':r ° . 7.A+atertton of E.e�adex's Rtgt�ts tn the.�[�ti�tty.If Bormwer fa�'ls to perfossn the covenants aud agreements�ued In _
<br /> . �� � �� this Secarity Iasaumen�or thece is a tegal prUtaaa�S that may signific�nt[�affect Leader's rights in tue.Frapecty(sush as a ,
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<br /> t ,, � . ' 'f� .' '�:: praoeeding in b�uptcy.Pmbate.for conde�.~yautram or forfeiture or w ent"uicv laws or regWat[ons),tkc�:Lender may do and .,,�,:=T_
<br /> ' �' '`:� pay for whazever is aecessat7►to pmtea the v�r�of the Property and lcd�':s ri�hts in the Propett�.;�txnder's aarons may • �-�-
<br /> � ,,�t'���a, 7 '< � � include PayiaB any sums s� bY a lien wlucb hac prioriry over tLis 5ocuriry instca�ent. ap�iiE�rinB ia court, PaYinS t '�j �� .
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<br /> �'•tj��,j'/{'4�4;F��`g•. •.� �asonable attomeys'fces and entering on the Pioperty to make repairs.A}tttflugh l,endes uiey.-f.e$e eixfan under thls paragrapb ;e��£�.,�,�
<br /> • e��I' .,f�:�, . .
<br /> .�� ,� �4..:. t..�_. �:• T,Leader daes not bace w do so. �:'•� , .. `,,. °
<br /> �t� ��r.•��,� .�.., Any aatounts:di�pursed by Lender nnHe�s,�us ParaF,rapA 7 shall beasi�e addirional debt of�awer secured by this .
<br /> �:�'1��'�� �;�:,:: 'r r,.r� ,����:.�nstnuneQt:�Unless�orrawer and L�as:�ee to other tenaa of par��ent.these amounts sbaSl`thear interest fmm the _
<br /> �,,f , .. tla�of�4.� ment at the Note rate�d shaU 6e payable. ivith interes� upon aotice from Lender ta Borrower requesting . _
<br /> ' , - . .;' Paymetn:. . `"�r� -
<br /> , ' �-.:t. ...;�::. S.Mo�e Ynsueance.IY Lender requir�►�ortgage insurazice as a wndiuon of making the loan s�by ttds Sonuity . .�-�'
<br /> _ � _'u-.-�,, . . iastsument. Sassower shaU pay the premiu�r?sgvi�d to maiutaia the mortgage insurance in effect.'If. for aay�eason,the . .,�?J-•�.
<br /> � - . ���. mortgage iasurance roverage tequited by Lt�t�tlapses or ceases to be in effect.Bomower shall pay the ptemi�ms cequired to r ---
<br /> �° L � obtaia coverage substantiaUy equivalent fo t�t��riongage insurance previot�sly in effect.at a cast substandaliy equivalent to the ' . ,.��;�-.
<br /> ' ,�.':,;;' ', cost to Bamuwer of the mortgage insutaace;�riviously in effect..fmm an alteraate mortgage ias�tter approved by l�eadst. If �.. . _-
<br /> _ �� . ...•°�;:: substantiaUy equivalent mortgage insuraace ct�-u�zage is not avaitabte.Borrower st�ali pay to i,euder eacb month a sum equal[o - . � .
<br /> -� . ; r ' onr-twelftL of the yeariy mongage insuraase;�.�acainm being paid by Bottower wh�the ins�uauoe oovetage lapsed or ceased to ..
<br /> .. . . . be in effen.l.ender will accept�use and ietain tttese payments as a tass reserve in lieu of mortgage iasuranee. Loss ceserv� .
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<br /> Fotm 3029 81ff4•
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