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<br /> S. flaz�rd or Propeity Insnrance. Borrower ahall keep the improvementR rtaw existinII or her�ea[YQr�r�otad an the • E
<br /> Properiy insuted againat losa by flrc. hazarda included withiu tlie term "extcnded covutage' and any othor hnuux9�, inCluding �
<br /> ' � flooda or flooding,Par which Lendcr requirea insurancc.Thia inaurtutce shnll ba mnlntained 1n the amaunte and for the petiods -
<br /> that Lender requirea. The insurnnce enrder pro��idina the insuranse shall ba chorun by 8orrower subject to Londer's t�pproval �'
<br /> � which shall aot be unmasonnbly wlthtceld. If Borrower failn ta muinwin covvrage dussr�bsd nbovQ. i.endor map� at L.ender's =
<br /> option,obtuin coverage to protect Lender'e dghts in the i�no{{�ny in eccoMance wlth.ppr��r�ph 7. �
<br /> �> AU insurauce poticles and renewNa shall bc aceeptnblo to Lender and shali laaluda o atandArd martgaIIa ctauna. Lender �
<br /> •_ ahali have the eight to hold the poUcies and renewnls.lf Lender�quires, Borrower Rhnll•promptly give to Lender afl receipts of �
<br /> , � paid premiums aud rertewai aoNces.In the event of 1oss.BorroW er shall give prompt natiae to the insurnnce cs�rrtRr and Lender.
<br /> � �-�^+ Lender may make proof of loss if not made pmmptly by Borrower.
<br /> '"""'1� UNess Lender aud Bormwer othenviso agree W writing.lnsurance procoeds sba1L bs applied to restorntion or repair of the
<br /> .,'�.��; Pmperty damage�d,if the restoratiou or repair ia eoeicomically feasible and[.ender's securety is not lessened.If th�neswration or
<br /> repair is aot economtcally feasible or Lender's securlty would be lessened. the inaurance proceeda shulb bs appiied to the swns
<br /> ... = secured by this 5ecurlty Insuument. whetber or aot then due, with.an�r excess paid tn Borro�ver. 1�8otrowet abandons the
<br /> ' 'a Pn�perty,or does not answer wtthin 30 days a notice from�i.endar thet ths L►curant�curriar has ot�'at�d to setda a cl�im,then
<br /> � Leader may wllect the inaurance proceods. Lemder ma}�•uoa We proc�eda to repair or, resture tLa Pmpe�ty or• to.pay sums
<br /> � ;„ secured by this S�curlry Instrumeat,whether or aot Wen.dup."1('M'be 30-day period will'BC$Iq�W�IBA�IB ROi�QQ IB�4811.
<br /> �,.' Unless Lertder aad Horrower othecwice agree ia wrlting. aay applieadon of proc�la w prinai�al sha14 nat extend or
<br /> postpoae the due date of the mnnthly paymants refcrned to in paragraphs 1 end x or chanIIe tbB amAUnt of tha paycaents. If
<br /> � under paragraph 21 the Property is acquired by Ixnder.Bonawer's dght w aAy lnauraace�iiaias aad prac�eda�esult�n8 from
<br /> - � damagc to thc Praperty prior to tbe scquisition shall pass to L,ender w tho cstent of tba.suma secured by thfo Sscurity lasuument �
<br /> ,, ;� immediutely prIor w the acqulsition.
<br /> �E 6.Oxupam��r,Preservatton,Mntntcanaaa and Pt+utedion of tE�Q��rty;Borrovrer's Lo�A,�plicatlon; Leasehold9.
<br /> � Borrower shall oecupy.establish.and use the INroperty as Borrower's prS»aipal residence witbin aixqr days after the execution of
<br /> this Securlty Instrument aud shatl oontinue to occupy the Pcoperty as Bonrower's prlaclpal resldenae fon at l�ast one year after
<br /> .�•'� the daze of occupancy,unless Lender otherwise agrees in�vrlting.which consent shell uot he un�asooablg witdheid�or unless
<br /> �i'?�2�.� extenuating oinvmstances exist wtuch az+e beyrond Borrower's contiol. Bon+��var shnlb not desp+oy, dam�ga +�c impair the
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<br /> Property,allow the Pmperty to detcriozate,or commtt wasta on the Pnoperty. Bonro�vsr sba11�bs in,�defsulu if any forfeiture .
<br /> � aaioa or procceding,whether civll or criminal,is begun that in Lender's geoc�fafth�judgment could¢�sqlt in forfeiture of the
<br /> Pc+a�erty or othervise matedatly impair thB lien created by thLg Securiry Insu�um�nt ur I.eader's securtty�interest.Borrower may
<br /> ' cure such a default and ceiastate.as provided in�h.i8.b3+causing the actIott�nt�fioaeodirt8 to be dismisscd wtth a euling
<br /> -_- � shst. ia L�xter's gQQC! f2fih�t��inzt�e�. pr?sl.� €�r�it�of the Rnrs�w�'s fpt�s 4a �he prnp'rty �r�ther maurial
<br /> . , _ [mipaiiment of the Uen created by t!►is gecurity Insuuraent or I.ender's securicy in[ares[. Bonoaver ehaIi alsa be in defaulc if -
<br /> _ �� Bormwer.during the loan applicatioa pmcess��ave materially false or ina�uate informatioa or statements to Leader(or failed
<br /> - � � w pmvide L.ender vv�tD any matertal iaformation)in oonnection with the loaa�evidenced by the Note.includiag,but not Iimited
<br /> �"�.� ;�.; ;� to,�+epresentations coaaming�irnwer's occupancy of thu Pmpetty a4 a princip�i residsnoe.If t�is Secudry iastrument is on a
<br /> :='r`7.^.�" ieasehotd, Boimwer shall oamply with all the pnovIsIons of the lease. If Bommvsr�roquires fee atle to.tha Property. the
<br /> :;;�':;f.�:}.�- � l�asohoid and the fce title shall not merge unless Lender a$rees to the merger ia wrttin�,.
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<br /> 7.Prutection o�'3.�der a Rtghts tn the Plroperty.if Bormwer fails to perfor�tLe vovenants and agce�meats contaiaed in
<br /> `��,�'� �'`R � this Secudty Insuument, or there�S a legal pruceeding Wat may sIgnificantIy affed LeaPer's cights in the ProPertY(sueh as a
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<br />.:;�;�,Y��;�°;`�: , proceediag in banhuptcy.probate.for coademnation or forfeiture or to enforoe laws ot r�ulations),then Lender may do aad
<br /> `�j��'�� . �� pay for wLatever ia nere..�ary to protect the value of the Pmperty and Lender's rights in tDe Pmperty. Lender's actions may
<br /> °�`r}u�"�-�. � include paying any sums secured by a Hen which has griortty over this 5ecuriry Insuument. aPPeaTing in court. P�S
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<br /> ,„•Fr;:� �easonabie attornrys'fees aad enuring on We.Property to make repaus. Alshangh Ix�er may teke action acder this�h
<br />���.�;;;�,,,�q� 7,Lender does aot have to do so. �
<br />__ _ _°��� Any amouats disbursed by Leader uader this paragr�ph 7 sha11 bewme addiraos�at debt of Borrower secu�ed by Wis
<br /> ��_._. ��,Inst�ument. Unless Borrower and Leader agrce to other terms of payment, these amounta sLall bear iaterest from tha
<br /> `^�:�`_�� date of dtsbuisement ai the Note rate aad shall be payable, wlth interest. upon aotice from Leader to Borrower requesttng
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<br /> __• _ .. PaYment.
<br /> -_.�:�+� 8.Mortgage Ias�uance.If Lender requind mortgage insuraace as a condition of makiag rhe loan secured by this Secudty
<br /> --��'z=-�- Insununent, Borroaer shall pay the premiums required to maintain the mortgage iasuraace in effect. If�for any reason, the
<br /> :>-::-�'�:,. moatgage ins�uana coverage nequired by Leader lapses or ceases to be in effect,Bornower shaU pay the premiums required to
<br /> .;�'"�' �,,.�..,,. ob�coverage substantially equivalent to the mortgage lnsueance pnwiously in effect.at a oost substaattally cquivelent w the
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<br /> �.,..o cost to Borrower of the mortgage insuranee pnwlously in effect, from aa altemate mortgage iasurer approved by I,eadec. If
<br /> _,_-��*_; substamttatly equivaleat mortgage insurance ooverage is not available,B�nrower shaU pay to Lender each month a sum equx�i to
<br /> =�:��`,�"" �'. one-twelfth of the yearly moagage insurance pcemium being paid by�anrower ahen the insvrance coverage lapsed or cease8 ao
<br />:� ��Y:�`�:'.�_`:: be in effect.Y.ender will accept�use and retain these pay�mems as a loss ��eserve ia i�eu of mortgage insurance. II.oss reserve
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