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<br /> ` � ' S.,Ha�td or Prop�ty insu�nc�. Batrowex sha11 kcep the impmvements aow existing or��er ereaed on [he s . ' .
<br /> - proppry�s�ued agaidst loss by 6re.�ZStds includac!within tDe term 'eateaded co��rage'and az►y other h�a�ds, induding `' ' , .
<br /> . '4 floods or ftooding.for wbicb Lender iequires insurance.Tdis insurance shali be maintained in che amaunu and for the periads •
<br /> � `' � tHat Lender requires. The iasurance caztier pmviding the insurance shaU 6e chosen by Bormwer subj�cct to Leader's apprvva4 •
<br /> _ . � ' � which shall nat be unr�asonabiy withheld. If Batmwe� faits to mai�ntain coverage described aboee. Lender may. at Lender's .
<br /> . ' ' i oPdoa.abtain coverage so protect Lender's rig6ts in.the Pmperty in accordance c�ith paragraph 7.
<br /> . . • , i A!1 insuranoe poliaes and renewals shalt be acceptable to Lender and shall inciude a standard mongage clause. I.ender .
<br /> ' � : sOafl dave the rig6t to 6oId tfie poticies aad renewals-If Lender cequires.Botmwer shall promptly give m l�nder all receipts of
<br /> , . � pai�premiums aad ienewal nodaes.In the event af toss,Borrower shall give prompt notice to the�++�+�*�+ce carrier and Leader. .
<br /> � • �� Lender may make pmuf of toss if aot made prampdy by Bormwer. _. _...z�__p_...'
<br /> --- �,..°�.. Uuless Leader and Botrowes otheiwise agree in wretiag,insuma�o pt�oce�ds sball b�apglied to restoiat'son or repair of the _ ._ . �_—:
<br /> . -� ' ` � Properry damaged.if tAe restararion or repair is ecQnomicall}�feasitd�and Lender's securiry is not lessened.If the restoration or . . _ . . -
<br /> � cepAir is not eronumicaUy feasible or Lender's soeuret�+wotild�be Ie;seaed,the insurance Qroeeeds shaU be applied to the sums � ' �
<br /> ' secured by this Se�siry Wstrumeat, wbether or nat thea.dua,witb.any excess paid to Boirower. if Bormwer abaadoas the ...z..._;_...:. ; _.
<br /> _ . _.�;��:�.-w,-:.•.;_ �
<br /> pmperty.or does uoc answer withtn 30 day�a aotia:finm�i�r that the insurdnce caarier�as offered to settle a claim.then --- - .. .
<br /> ' �Lender may oollecc the insaianee pr+nceeds. Lead�c n�aY use the pmoeeds w repair or iestore the Pmpercy or to pay s�uas ' �'.
<br /> - •�� sec�ued hy this Secniity Insuumenl.vubCther ar npl,then due.T6e 30-day period will begin when the notice shall not extend or .�..Y.,�'
<br /> . :•` Unless Ieader and Borrower:otke�wis+e ag�ee in wriring, anY aPPkcation of prncePds to prmclpai
<br /> � .''� Ppstpune the due daze of the mmqHl��paymeats referre�i to in paragraphs 1 and 2 or change the amaunt of the PaYme�s- � : � `r
<br /> -- imder para�saph 21 s�fi�tupexty is asqueied by l.ender.Bom�wer's right to any insur�ce policies and pmceeds resnIting fiom ` . - _
<br /> .:.� damage to the Frape�cjt�rior w the acquisit�an shall pass to Leader to the exteat of the sums seau�ed by tlus Securiry Insaument . :�_,
<br /> ` immediaLeIy paor to t�b acquisition. _. -
<br /> � 6.Occapanc9.Pres�vatinn.Mainteuance and Ptotectioa of the Pnapeaty;Born�wes's Loan Appficaiton:Lea�hotd�. �::�. .;
<br /> � ' Bomawer s6a11 oa�py,establish,and nse the Pmperty as Bomower's principal resideace arithin sixty days after tlie execudaa of . '. '�_�-i._
<br /> . _ , .. "::.' this Seairity iasaaaneat�d shatl wntinae to occupy the Propertg as Borrower's ptincipal resideaoe far at least one year after ;.:.LL,,,,��_-
<br /> '" • the date of occuPa�,,^v',;�ntess LCnder otheravlse agrees tn writing,which conssnt shall not be�oaably withhe�d,or nnless —..-:.._�----
<br /> . .�,:�•:, extenuating cucum.a� e�osc wluch are ber e�d Borrower's control. Harmwer shall aot destray damage or impair the �,�.�;i
<br /> ":��k'�r � ;• �P�Y,allow the�-'*�.tc3.,�.�rlorate.oi coma�it waste on the Propertyr. Borrower shall be in default if auy forfeituie 3-
<br /> °��`�^�� : action or pmceeding.�4��r criminal.is begun that in Lender's good faith judgment could res�ilt in forfeiame of the, . �r �:
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<br /> .�..,� �*air t6e Tcea:c7eated b ttis Instnmteat or Leader's s�nri interest.B ormwer may .
<br /> � Pioperty or ottte�5��•a:i�.--� Y � tY . ..� �-•;_
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<br /> aue such a def�It.aa��5tat_,as providffi i��a.�agraph 18.by eausing the acsioa or proceeding to be disYnissed wit6 a niling :,�, �� '
<br /> ti�aat, in Lender's���ith d�oa��..�:k�es forfeitu;e of the Borrower's inte�est in the PropertY or other mazerial �,�:
<br /> imp�t of the f�ea�zeates��y�r�`s S :r.'��.�*+,'*±+�+t css.3,.�ades's s�uiity interest. Bormwer shall also ise ia default if °�
<br /> ;i�yt, Bor�;�!en��g t��a���?���p�•��ve nater�.'��lsz,or inaCairaze infarmation or st�emeats to l.eader(or tailed ,
<br /> ���i�� °- w pravide L,ender�a�a���formaziea;��co���i�s:�Gs�evidenced by�e Note,includiag,but aot limited '
<br /> '� � ta.rePsesentauor�i c�r�:%-��:wer's o�c�s of dre� .�rtY a��L�ripal residence.If tbis Security Inswment is on a � 7. ` _,
<br /> ,E �1„ ,�r : �• • Ieasehold. Borrou�r;sl�,i�v�£��vith eD tCgs�ovisions bf the leaseY�33ozrower acquires foe tit�e to the PropenY. the ,a�.`
<br />, ;j, ,,+� � .; � leasehold and the fee t�„�58ait uw�.�8e uaIess�nder agee.s t+�t�e merger�n writiag. �` `, :.,�_
<br /> i'}�fi�„a�'S,,�y • 7.Pmt�tion of I.end�s�in the I'ropgrty.IF Bormwer fails to perforat the oovenants and�agreements cvEtained iu
<br /> ,',y.t��, f'= ,ttti��Security Insuument,or theie,i�a Iegal prc�eeding that maY sigaificandy affect Lender's righu in the PropertY(such as a , "f:'�) --
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<br /> ' •':;r.. . ' . , ,p�in&in banlQr,�t;,q,Pmbaze,for ooadeai���n or_forfeimre or to enfone laws or regWadons),thea I.ende�'may do and -
<br /> :- :,; . . pay for whatever#s�sary fo pmteq the v�;�e��5€the property aad l,�ss�'s�ghts in the Property.Lender's acHons may %.��-
<br /> `t1�� '��.# include payin8 aaY sums secured by a lien ��^:�•as �.ri��y over.�5.�ecuritY I��as:.�eac, appeazing ia court. P�S • —
<br /> � `ti','.�y�'(.4� , � t2ke action under this h �
<br />� ;��u�,���,��?�,,, cpasoa.�It�,auomeys fee�s and enterin on t1�,e. � u��ce��=..��a:rs.1�,�:�agh Lent��t P�S�P .
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<br /> ��.�, �J"t�,' .��.;, 9,ik¢��es acot have to do so. . �.. � . •. �, �,� °
<br /> - . �A�.y am�i�sbuised by I.ender umdec+�ParaSra}�fl 7 sha3$�eaa�addidorasT debt of�rmwer sec�red by this
<br /> ��' , ��rn�t�;Y.t;;ntess Bonower and L�?�a�ree to other terms et��aent,thtse amouuts��pear interest from the - ... .
<br /> ,�;,�� �., date���butse�x.at the Note rate and s�;1:�5.�ayable. with interest, opon,noHce fmm Lead�m�$o:roarer requesting '�'
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<br /> '``�'r ,� ..� �� p y Mortgage IaSVrance.If Lender required mortgage insuiaace as a coadition of aTai�the loaa secured by this Securlty ��e=_
<br />- � Insuumeat, Bomo��r shail pay the premiums xs�uired to maintain ehe mort�age is��in effect. If. for a�r reason, the _.
<br /> -_ : . . -- mortgage insaras�caverage required by Lez�ar�.a�s,es or ceases to be in effe�t,Boms�w.!��halt pay��e piemiums t+equimd to . . .
<br /> _� -t ..: . � obta'r.u,coverage substantially equiva2ent w the�::gage i.�s.iraace previausiy in effec�.�::�¢ast st:..�.'ao.*-�aUY equivalent to the �.:V .
<br /> _: , casc ru���;rrower of the mortgage insuraace previonsty i��ect. from an altemate�age insurer approved bp.:lender. IP � • . �;��;:.
<br /> ? ' � � subsr�tti;�►aluivalent mortgage insuraace wverage is noz z:��ilable.Borrower shall�ag io Lender each manth a s�equal to . ; "'.<ji .`. �: :;,
<br /> ': , � � oae-t�r�L.�of tIte yearly mortgage insurance premium being pai d by B o r t o w e r w h e n t h e i n s u r a a c e c o v e r a ge l a psed�or�ased to ;' . .. ..
<br />""-i � � be ia ef�ct.Is¢d��ill accept.use and retain these paymenu as a loss r�..-�ve la lieu of mortgage insurance. Loss reserve ;� :-�• '• .
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