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<br /> ,�� - � . 5. 9av$rd or PmpertY Insorsace. Borrower shall keep the improvements now existiag or hereafter ecected on the 4
<br /> 4 iasured loss fire.�aTards inciuded withia the tetm'e�tended oovetage'aad any other hazaids, induding ��.- � •,``.., .°-..-
<br /> . ., �.. _: ProPert}� against bY [ _`"• `- •
<br /> �. . < �� •�:: ttoods or Qoading, for which Lender tequi�es insurance.This iasarance shaIt be maintaiaed in the amounts aud for thc periods .. . . , - :
<br /> that Lender requires.T@e ins�toe ca�rier pmviding the insurance shatl be chosen hy Bormwer subjeet to l,eader's appmval �.; �: - ,
<br /> ' ' which shall not be unreasona6ly withheld.If Botrowet fails io ma+nrain ooverage descnbed above.Lendor may, at lxnder's f'
<br /> -° . optioa.obtain ooverage to pmtect Lender•s rights in the Propeity in accordance with paragrapb 7. � w .. .�°. .
<br /> � � Aii insuranoe poticies and reoewals sbaU 6e acceptabte w Lender and st�all iaclude a standard mortgage clause. L�der . J ,: ��.
<br /> ' shall have the rigDt w hoW the policies and reueRrats.If Leader requiies,�orto�er shall prompdy give to Leader atl teceipts of . -� ; ,
<br /> Qaid premiums anfl teaewai aotioes.in the event of loss,Borrower shall give prompt notice to the iasuraace carrier an d I.en der. , . . . `;��.,; ,:
<br /> • Ir.nder may make proof of lass if not made pmmptly by Borrawer. :��� _ `__ ___ ___
<br /> �,��.s:ji'= Unless l,eadas�d Bosrawer otherwise agtxe in,�rdting,insurance proceeds shall be applied to restoratian or repair of the �; �l -
<br /> . " . �;.,., pmpe�ny damaged,if the restoration or repair is eoonomically feasiitle and Lender's se�riry is not tessened.Ii�he res�orarion or - �-�Y .:
<br /> .. " � iepair is aot econamically feasfbte or l�ender's seauity woutd be Iessened,the insurance proceeds sha11 be aPPticd co the sums _ ',
<br /> secured by this Secutity Insn�ument.whether or uot tYien duc, with anyr excess paid to Borrower. If Eosrower a6andoas the ::.,.�' �.`
<br /> � � - - Propeity,or does uot answer witbin 30 days a natice fmm te.nder that the insuraace c�nier 6as offemd co s�a ciaim.then ,:.:•„' .': . -_
<br /> � icnder may collact the insurance proceeds. l.eader may use t�e ptoceeds to repair or restoie the Propertg�ar,m�5ums , ��•
<br /> ' . secwm�l by tIiis 5ec�uity Insmtment.whether or not then dne.71ie 30-0ay periad w�l begin when the notice is gi.ves `• � ,` �. ,:
<br /> ; .Ualess l.eader and,Borrower otiteswise agree in writing. anY aPP li c a t ioa o f p ro ce e d s t o p r i n c i p a l s t�3 3��r.h�E�c� .' .: ' '�; ;_v:;���-
<br /> . � � ` pastpone the due dace of:�monthlY Pal+meau ce£�to in paragraphs 1 and 2 or ci�ange[he amount Qi cHe pay� �' �. : � , ��
<br /> ..� : . . . .
<br /> _ _ onder paragraPh Zl the t��7+is acquited by I��:Borrower's right ta aay insurance policies and pmwe�s�esuidnS fr�m � . � °. '�` r �
<br /> acqm e
<br /> � damage to the PmPe�c7►Prtcr�o the acqnisition shalk�ss to Ixnder to the extent of the suuts sec�red bY mis�ity Insuument .. . , ,{��, -�..L,..�
<br /> � �„_ immediatety.prior w the acquisition. _ • � _ _
<br /> � '.:°:� 6.Oacapaac9,Pt�rvatlou. �A„ ��mtect�on o�the Ptoperty;Borrower's Luan Application:L�s: . ,'".��� --
<br /> � � '� Bomawer s1�a11 ocatpy.e�a8listt,and ase the Pial��as Borroaier's principal resideQOe wiUun siaty d�ys aftez ttte exec�of � '�:�T _�_
<br /> .. . � - '.::�iils Security iasaumenr�shall contiaue to a��itie Pmperty ag Borrower's principal residen�e for at�oke�after _ . ' �+�:�'.::
<br /> . • _ .� • the date of oocupaaty.�Ix,nder other�vise��spr�.tiag;�+Iuch oonseni shaU not be unreasonaMy�fief�..�;r x�3esg -_: _;� ._
<br /> .'. '�'��-�
<br /> ,� ".,_ extenuating cic�amstanaes e�rist wfuch are beyon¢ �ai�rowes�a�ar+n1. Boriv�ver shall not destmy. damage or•���e � � - �F-.
<br /> ':'� pmperty. allow the Fr+a�ezty to detertonte. or oosmit waste oin c5e Propecty.8orrower shall be ia defautt if ainc�E� —_
<br /> u '� —
<br /> a�tion or proceeding,SirIr�I1�r civII or criminal,is t�'�a ttiat in Leadet's goa�faith jadgment could result in farfeian�+iE�.�' , `� , �
<br /> •. progerty or othenwise�ially impair We lien�d 6y this Seauity Insuuar�s �Y.� '�.:.�.. , . . �:
<br /> or I.euder's securi mtc�st.Butrcowei< �.;�
<br /> • cure snch a def�ilt ausb i�tate.as providod ia paragraph 18,by cauging the aciiou os pmc;e�ding to be dis�aissed with a r+t�iirg �: . • � '� '�
<br /> • � tf�at, in l�nder's good�aith defezminarion, precludes forfeiwre of the Born�wer's interest id the Pcopeity or other m�:�:'.:;�:-,.,;:;. '�`.:. •...:
<br /> .�._ .` . . impai�ment of the licen created by this Seauity instnsment or Lender's securiry imcrest. �aavnier shall also be iu defa:�;��'s�� ''• �: :';:�;s:�-.:'��-:.J
<br /> n • ::
<br /> , �, Horrower,du�iag the to�applicationprooess,gave.materiaUy false or inaccurate infarmatioa or statementaio Ixnder(er�'e3" . ::^ �..:: ;
<br /> ..__ : :fi.o provide Ixnder with aay materlal infocmation)i¢�ia�ae�xion with the loan euidenced 6y the Note,mduc�;but nat limitcd "�
<br /> - ,: to,cepcesentadons conteming Bomawer's accapa�q��C the Property as a principal resideace.If tLis Se�s�:�SU'ament is an a ' :. - ' �
<br /> � � � � ieasehald.,.�orcaw�r shall comPly with aU tIIe��,+.���r..3�oas of ths tease. If Bormwer aaNires fez titl¢aa�ti6e pmperty. tho � ' ".� ��
<br /> � � teasehot��ai�the fee ti�a shall not mecge unlcss��6f�z�,rees cu-t�merger in writmg. .� . ' .. ';;?� -t
<br /> -----._ 7.I°�c�t�etion ai�eitdes's Rig�t�the Tr�t��g=.�f�faits to petform We ooveaanre anQ�ents coptainod'm � �,
<br /> � this Sec�ity:Instr�'.�.'s theie is a tegal p:�+�QSS»�r.�at�,'sigaiScaatty affea Le�:Rer's rigMs in th�:L'ropert9(sucb as a .� .::
<br /> .''' p��g�b��r�rnbaze.for comdenn�i�:+'ar forf'ert�or to enfotce laws or regulations).then,i.ender inay do and �;,,:`�� .
<br /> � � . . '.. pay for a���er is��ia�at3+to p.rrnace the valae of the Prc�.y and L.eader's rights in the Pmperty.Leuder's actions raay , ,:;'��-'
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<br /> include.ps��`a�`,�$sewred t�j �lien wtuch has priacir� over tlils Sec.urity Instiument, �Peazing in oowt, Paying !�'���",
<br /> reasonabl����s"��and ente�i�o�the Pce�ty to make repairs. Although Lender may take action under this p�uagraph , .r,.,,�_�
<br /> _.. . ' 7,Lender dees aot�.x�°t»do so. �� ..' ' .--
<br /> • .. A�:r,�ouuts disbu:sed by Lender uo�ri i9fis�araScaPh 7 shall become additional debt of Borrower secured by this -- _
<br /> ' Securiry 3�i ��tv"nment. Unless Botrbvu�s��'�g�to ot1�r't�ms of payme�t.these amounts shall bea�interest�m the �
<br /> ,����� data ofii:i:sts.ursement at the Note�s:s:.�'shall be.payab4e. �S interest, nPon notiee �mocm� Bxader to Borrower.�=�as'tiug, {4�,�.�- :
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<br /> ,,V ;.: PaYment,.,. : , ',, . . "':• < �:.�. �,. r ,��r::
<br /> 8.Mortgage tasa.�ance.[f ixnder req�ird c�igage insvrance as a wadition of making the loau�s�.sl by thi9 Sexairiry . ,
<br /> Insuument,Somuwes'.� PaY the premiums t.�,�ed to maintain the mortgage insuraace in effect.�sY.�",+f�any reason, the . .'`-� ?�`--�, -_
<br /> r� �� mortgage insuraaoe cd�ab'e rerNired bY Lender Iapses or ceases to be ia eff�t,Horrower shail pay the premiums tequired to ` � �� �,-
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<br /> '� �51 o6tain coverage su6stantiaUy equiva(�t to the mortgage insutauoe previousty ia effect.at a casc substantially.equivalem to the , /��j� ��*� �
<br /> � auoe
<br /> � .f;i��;:� ::�. oost to Borrower of t's,�mortgage insnrance previpuslY in effect. fmm an altemate mattgage insurer appmved by.3�.i3ader. if . ,_:�5,'�?. ``k��
<br /> ,���c��t`�;..': •;•,-
<br /> , .. . substautialty equivaJast�ortgage iasurance oov�gc is not available,Boirower shall pay to Lender ezch dflntb a suth equal to • : . . .
<br /> ° . � • . one-nveifth of the b�i:y asortgage insu:ance ps�ain`a being pa�d by Borcower when the in�,+�++ce wver�3�psed or ceased to . _
<br /> -��.. . . _`'` � be in eff.c�:Leader��i accepi,use and retaia:t:?��ayments?s a loss raerve in lieu of mortgage insurance. Loss reserve . '.. ,
<br /> ,l: . ' � . . � FORI�.�QO'�i�.�� �e�J • ' ..'1c.'�l 1.
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