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<br /> ' S. IlY�rs➢�qx,�roperty InsurAncc. Bortaw8r shall keep the imptove�enta tlow exlsting or hemafter erocted on tne ►�;._
<br /> �'� Property iae:u�!ngafnst tass by flre. hazarda tacluded wlthin the term'exteuded coverage" and any other hezerds, tnctudina �
<br /> � tloads or flooAinB,fqY which Lender requireo inaumnce.'19iis Insurance shqll be rsalntalned ln the amount�ead for the p�^rivde e-
<br /> � . � ' that I.ender requtt►ri, The insui�ace carrier pmviding the inaurance shaU be chosra by Bon+ower subJect to I.eader•s�gproval
<br /> , whEch shall not be ucueasanably wiWh�ld. If Harrower fails to mainteln coverage described ebove. I.euder may. at l,ender's r'
<br /> �. � :� �� optfon,obtein coverage tu protect Lender's rig6ts in We Pmperty ln accordancc with paragraph 7. �.
<br /> AU insurance polIcles and renev��ls shsill be acceptable to Leader end stsall lnclude a steaderd mortgage clause. Lender
<br />__� shsU have the rPgbt,tp hold the policies and reaewals.If Lender requires�Borrower aha11 promptly give w Ixuder aU ceceipts of
<br /> �� paid pt�sniutqs aad ta�nawal notices.Ia the ev�nt of loss,Sorrowvr shaU glve pt+ompt aotice to the insurance canier aAd L¢nder.
<br /> Le�tdat a►r�y�raako proaf af loss if not made pmmptly by Bonower.
<br /> ' .��.�'� Unlc�ss Lejtd�t and�Rorrower othetwise agree in wrIting.insurance pmceeds sbnll be apgliod w reatoration Qr renair of the
<br /> � �� Property dmnagest,��'th��restoratioa or repair{s economicaUy feasible a.nd L,endsr's secudry is aot lessened. If tha reator�.tiAn or
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<br />- repAir.lo nat eoonamiaall}t�feasible or Leadec's serurlty woutd be lessened.tleB lasurance pros,eeds ehalt be applied to the aums
<br /> secu�d by� tbi�►Sacury.ty��nstrumeat, v�hether or not Wea due. with any excess pafd to Boamwer. If Borrower abandons the
<br />-��^�, Pmpp�jr�or does uat�ans���sr within 30 days a aotice from Lender that the ins�nce carrter has ot3ered to settle a claim.then
<br /> �.s�;j Leudsr may callect tbd#isurance procceds. Leader may use We proceods to repais�oa.rrsWre We Pmperiy oz w pay sums
<br />�;�'`�� sec�red by tbie S�u�ty�fnstnunent,whether or aot then due.'i�e 3aday perlod wiU begia when the nattke ia given.
<br /> -"�r�' Uul�s Lencler.amf Eorrower otherwlse agree in wrltln�. anY application of procxeds to grlastpal shaU not extend or .-
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<br /> postpone tha dus data of the monthiy paym�uts refemed to in paragcaphs 1 aad 2 ar chaoge the mm�aun�of tt�s paymente. If -
<br />'°;-,r�:�' uader 4�S�Pb Zl tpe Property is acqulred by I.euder,Borrower's right to any iasnrance policles and proceeds resWting from
<br /> dmn�ago w tha Prop�rr.yr prior to the acquisition shall pass to I.ender to the extent of the sums secured by tbi�Sea�rlty Insu�nseat
<br />- immedlatsIy prkar�to.thc acquisition.
<br />_f•_;�'�^ 6.Oocuptutag,I�reservation,Maint�ance aad Protection af the Prcoperty;Bon+ower's I.opm Appllc�tion;Leaseholds.
<br />=,•=a�,�; �;:• BormNar shtill�Aa�ry,establish.s+ud use tIue Property as Bonpwer's princIpal rerddenoe within skty d�Ys aRer the eaxutloa of
<br />._R�� ��'�, • �s�tY tu�t�vment aad shall continue w occupy the PmpBrty as Barmwer's prineipal resideaoe for at least one year aRer
<br /> _ . � �,9�e�t►2e of oocuPmyoY►uuless Lxader otherxIae agreea im wrIting,which oonsent shaU aai he un�+easonably withheld,or unless �
<br /> _-- — ;:;,�,;y` ;���:ei��ia�n��circumttances eaist which are �eyon�d 8orrower's conunl. Boamwer shaU aot destroy. dama8� or impair the
<br /> __--'„��:�.,..� ��property. aUutiv.th�Property w deterlorate. or cua�nit waste on the Property. Bormwer sbell Ise in default if any forfeitun�
<br /> -- -_ . ��.m+.nmo�ttl;�g, whether civil or ctimlual, is�begun t�at in Lender's good faith judgn�ent couW�tesvlt in forfeit�re of tha ,
<br />__-�_,-=-�- Pnoges�Y or ctbt�w;l�matedally impair t�e liea created by this S�cvzity Ia.,�c or Imder's°.�wrFry ias�st.bira�a msy --
<br /> - - cnaa suah�a dafeutt end reiastate,es provided ia pacagrapli 18,by em�eing the action or prix�eding w he dismissed wIth a tuting
<br /> "-� Wat;vl��Lend�r�e good t�►ith determination, precludes forfeiture of the Borrower's �nt+�est in the Peopextq or other matertal
<br /> -__- . �sim�ent�ot ih�liea created by tLis Security Iasuument or Ixnder's.securlty�t.�ortowet:shelt�Iso be in dofault if
<br />__��� QotsoNSr�duns�g¢tie loan application pcoceas�gaVe materlally false oa inacaurate information or sfai�mmte to I.ender(or fiailad '
<br /> � . co prppId��t�er wi�h any marerIal information�in conaecdaa wlth�.ttie tohn.4widencod by the Note�including,but aot limit�s�t�;. � .
<br /> ---- ta�a+s�ed�atations caaceraing Borrovrer's occupanay oP the Properry as`a prindpal t+esidctroe.If thi�Secudty Inatiumeat ie on a,;;.�,,.
<br /> --- - teaee3tvt�.�.�umower shall comply with all. the'provisions of che teese.�1f Borrower aoquires f��tltls w t�e Prope�ty, the
<br /> -- leasehold und�tile foe title shall not merge unE�ss I.eader agrees w the Aaerger la ariting.
<br /> _"� 7:Protec�un oi Lender's Rights im df�e lPropsrty.Jf Borrower fails.Yo perform the cov�ants and agreemants oontained!A,� � '
<br /> -- ihis$e�vrilS►�,�ment.or there is a legal pioceeding that may sigaiflcantly affoct Lauler's rig6ts in the Property(such as a :
<br /> praceedlrig�t�6i�uguy,probate,for condemaation or forfeiture or to enforoc laws or ngulottoas),t8en Leader may do and
<br /> Fa}� far�whitte�ver ie atxessary to protect the value of the Property and I.andet's rigtus ia the Propetty.L�ender'a actions mry
<br /> includ�F�il�B"�tY sums secured by a l�en which has prioriry over thIs Securtty I�strunoent. apPeuinB in oourt, p�C►g...:.
<br /> `_-- reasonable�attomsys'fces and entering on tla�Prnpeny w ma[ce npaus.Althongh t.ender may f�ake action uader this p$ragt�gir :
<br /> �_ T,�.,ender dtlea.ndt have co do so. � • � '
<br /> Ab;r•.amnuttte disbursad by I.ender undet this pacagcaph 7 shat�beeome addidonal debt oi Bomower eacured by tLis'`:
<br /> _ � 5ecurity�.Int�iimant.�Jnless Borrower und Lender agroe to other terms of p.aymBat.these amouata ehall bear iaterest fcom the
<br /> d�itc�oF�di�buri�dcmaat at the Note cate and sha11 be payable. with intetesti upon aodCe from L�der to Borrower requesHng
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<br /> 8:�1N,ora{�Qc L�surance.If Leader required mottgage inswcance as a oondttion of m�aldng the loan sxured by this Sa;uritp� �
<br /> In�un�tQ�B.nE�'er shall pay the p:emiums nequitod W maintain tlte mottgage iosuraaoe in e8act. If. for auy t+eason. the •
<br /> ' rh�tt�gs�ifi�aut�noe coverege required by lender lapses or ceases to be in effect,Bo�rower sLall pay the ptradum4 ra�red to
<br /> - 'obtatui�a��v�4 gubstandally equivalent w the mortgage insurauce prevtously in effect,at a cast substaadally aNivaleat to the
<br /> _--_ oo�t�w��am�n�rsc of the mort�age insurence previonsly in effec[,fcom an altemate n�ortgage insuma appmved by I.c�der.If . .
<br /> - subsum�tly�equivalent mortgage insuraaoe aoverage is not uvaiiable,Bosmwer shall pay w I�eaQct eacD mo�h a sum equal t� �
<br /> � ---° a�-twe3Rb�of the yearly mortgage iasurauce premium being paid by Borroarer when che insiuimx oove�ge lapsed or ceased to
<br /> -----= be in e�'ec�t.I.ender will acxept.use aad retain these payments as a loss ceserve in lieu of m�rtgqge instuanoe. Loss ceserve
<br />--___-- . Form 8028 81u0
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