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<br /> � 19�����9�83
<br /> .n'�. 1�. S. �an�M or property Insurance. Borrower shdl keep the impmvementa noev existing or herenfter erected on the
<br />-� ��+� Property inawed against lass by fjre, hazarda included wlthin the cerm "excended coveraga" and any other hazarda. induding
<br /> • -::� ftoo�s or flooding, for which Lender nquirea iaaurance.Tbie insurauce shal!be mriintained in the aacounte and far the nedads
<br /> ¢ ' that Lender requires. The tasurauce carrler provid�og the insurance shail be chosen by 8on�wor subject ta I�►der's�proval
<br /> ,'$} which ahall not bs unreasonably withheld. If Barrower faila to maintala coverage descri6ed a�qve, L,en�er may� at Lender's
<br /> option.obtaia cflverage w pmtect Lender's dghte ia the PtoTserty in accordaaca with paregraph 7.
<br />- -�:�'�' AU insutanoe poiicies and renewals ahell be accepuble to Lender and sAall incfu�e a standnrd mortgage cluuse. Lender
<br /> ' ` shall have the r�ght to hold ttte policies and renewals.If Lender requires, �orrower 9h�1!gromgt6y�ive to Lender atl receipta of
<br /> paid premiums ead ren�wal notIces.In the event of lose.Borrower shall give prompt notdce tm t6e lnsuranee carrter aad L.ender.
<br /> ,`;!� I�ender may make proof of loss if aot raade promptly by Rorrower.
<br /> _._���. UNess l.ender aad Borrower otherwtsa agree tn wrlting.lasurance proceeds shnll be app1ied to resturation or repair of the
<br />-__�_�_ Property damaged,if the nstoratioa or repair is ecanomicelly feaslble aad Lertder's security ts not lessene�.Ii the restoratton or
<br />,.--. ••�� repair is aot eoonomfcaUy feasIbla or Leader's secuiicy woutd b�e lesssned. We insurance proceeds shali be apDlted tq�tP►e sums
<br /> � socurod by this Sxuriry Insmiment, whether or aot thw duB. with any e�ccess paid ta�Bmrmv�er. Ii Bomower a6attd�uns ths
<br /> . Property.or das not answer wIthin 30 days a aotice from Lercder thaz the insurance careier bas oHcred ta�setcte a c1a�n,tlten
<br /> �' L,eader may coUett the insuraace procxeds. Lender mny usse the proceeds w rep+air or«swre tha I�t�ogar4y or to pay aums
<br /> r�'•' sacund by this Securlty Insuument,whether or not tEen due.Ths 30-day geried wi�A beg�n w1�a the aatiaa ls given.
<br />'°F"���""'� Ualess Leader and Bomower othenvise iin wrI
<br /> agee t�3nII. amy ayplicatiaa of praccod� to priacipal ahall not extend or
<br />:_r_���, " postpoae tlee due date of the montWy gaymeats refemed to in.garaIIrapbs 1 and 2 oc�¢the amount of the p�nta. If
<br /> �� � �mder paragraph 21 the Property is acquirad by l,eader.Borrourer's ciBhc tq�any insvtanae ga�i,�es aad pmoeeds nsulting from
<br />,,,;�:���., damago to tha PcoF�nY P�or to tht acqt�fsittan ahai�pass w Lcader t+o the ex�at of t�u sums seau�d Sy ttds�urity Insuuraeat
<br />�:.�w<�r� immediazely prlor to the acquisIHon.
<br />�'�V'y"t 6.Oocupttncy.Pteservattan.Matntenance aad Ptotec�m a�t ttr:�ty:B��rer'a I�onan Applk�tton,�olds.
<br /> •Y�, Borrower shall oxupy,establish.aad use the Propr.rty as Barra�rer's pzi�3�;:,I residenc�wi�6�t.sixty days aRer the exewt�an of
<br />--:-;: ,�� thia Securiry t�ossrument and shal!contiaue to occupy t$e l�g�esqg�as B�a�rrr's prir,ciga��sideaoe for at least oae ye�r aRer
<br /> =;t� the dau of axuga�cy,unles.s Leader otheiwls$agn�s in writing,wf�ECh,an�¢�c shall not be unreasonably wItLheld.or unless
<br /> °��Y-:;�� extenuatfig cinuais2a�aea�ist whieh are beyvacE Bosower's oontcoi. L'�+��+er shall aot desuoy, damage or impair the
<br />-"�_*�.�� Propeaty. allow the��eny to dsterioiaie, oz cammfrt aaste on the Pinperty:Borrower ahall be in dcfault if any forfdwre
<br />:::;`y'"� acx[on or .,�uitether dvil oi crlminnl,is ' g j �at
<br />°�;;,�-� Pmoeeding begun that in Lender s ood fait� wd ent could res�lt in forfeiturs of the
<br /> Aroperty or othenvis�materlalty ir�nir th¢liere created by tbis Secudty Tastsument or Leader•s security inte�est.Borrower anay
<br /> °-�`�;"_-_ aire aucb a default a�l reinstau.ag prnvidod in.paragrapL 18�by causing th$att�on or pmoeedtng to bt diamissed arhh a niling
<br /> - �. �L!�r'c Q�t+��ttk �• ''^ .�xlu�ks fotftir:te uf!ht BCr��'_ �attr2s2 �n t��; Qz si+.h�'m3ttr�ai
<br />.��.� ia��,.-`-�-�.,,i of t1s� �ea cnated by tNs Searrfty t�su�tptt ct[,�der's s�iy int�st.B�rrowtr sh�t.tdso t�in defauit if
<br /> _ Baracrarea�,dtuing tlu loan ap�licnt�oa pracess.gave matcrl�]6y f�Ps�ar inax�rau infom�atioz►or statements to Ltnder(ar failed
<br /> ---___ to psu�rac'�Lertder witII aay�aoatedal'utformatio�oJ ia,cunn�ic��'�i:�the loan evldenoed by the Noto.�ludiag,but aat 7imited
<br /> _-- co.rePn.sentatians oos�ceraing Sornawer's ooaqtaaa�y o!P tht Trtr�i�r ag a principai residena. If this Sa:udty.Insuumeat ia on a
<br /> _____ lea�hold. Bormwer shall compty with all the ni�vLsions of�he lease. If Berrower�uins fer titte to the Property, the
<br /> — ' leasehold aad tha ke titte ahp12 aat merge anless I,ender agroes to the me:ger fin avrlting.
<br /> --,�,o�. .. 7.Pr�tettta�n3 Leader's R�g�tn the Pe+operty.If Bon+awer faiIs to perform the amr�aaats a�agoemenu conta�ned in
<br /> ..-:;;�;;<�� this Sacurity Inatrumeut.or tban: is a t�gal P�eding that may signiftaantly affeci I�tzder's righu in ths Ptoperty(such as a
<br />_:��:'`;r;� ,� . P�8�banktuptcy,gra��ue,fer oondemn�tion or forfeitur�or to enfome laws or regulsdoas)�thsa L.ender may do and
<br /> � , pay far whatever is tteoeasah+.to prou�c the value of the Propeny and Lendec's rlgkta in the Arope�ty. Lsader•s acHons may
<br /> . ��� insl�8s.�aying an�►.s�a sec�c� DY a Uen wl�icb ha�prlority over this Socurity lnsuunnent. �rpearia& �'► �� P�Y�S
<br /> ' n�sctt'�.attoraeys' fxa end eht�arIn�on the Property W make npairs.AlthougL Lender may te�ce action uadtr this parqgropL
<br /> 7,�af�i�'toes not have w do so..
<br /> ���r�-�unL��vrsed by Y�ender under this pa��h 7 shall become addidonal debt of Borcower sauted by this ,
<br /> Sxtuityi 4ii,itmmens: 3�'�'..:.��ss Borrower and I.ender agm�e to o.*her tetm4 of paymettt. these amouats shalZ bear inunst from the
<br /> ---- date of disbutseraes�,�t,e�e Note rau and ahall 6e payab2e,a+�t4'inurest. upon ao�ce from Leader to 4ormwer requesting �
<br />_.yr. PaY�- � .
<br />`,s;ti;i;,c �:'�►►idR�nge r•�*n�s.IEI�t�.,�r ncqutred mongage insuranae as a oondIrion of maldng the loan saured by this SecuritY . . �.
<br />_ _ , Inatr�eat. Pan�r�mW�ec shalt pay the�ii+emiums requ�irod w m�intain the mortgage in�uraaoe in effect. V, for any rea5on,the
<br /> ..._� moxtgage int�ntoc�aocrage requind by Ircnder Iapses or cxases to b�ia e�Ct,Borrower shall pay the p�requined W
<br /> , obtaia ooverage substa�ally oquivalent to the aaorsg�e insurance previcn�sly in.effat,at a oost�batann�»y equivalsat to the
<br /> ... •oost to 8orrowu of th�mortgage insuraaoe prevtously in effoct,from an u�temate mortgag�insunr approvad by Lender. U
<br /> -- subr�aoutially equivale�nt mortgage insurance oove�age is not available.Borrower shall pay to L�ender exb aronth a snm equal w
<br /> ono-t�%�a'I�'k.t of the y�rly tnortgage insurance premium being patd by Bormwer when the iasuxaacx ooverage lapsed or ceascd W
<br /> .�,_�._ be in eG.�e�.Lendcr�,Eil ecxpt,use and retain these payments as a loss tesezve in liw vf mortg,agc im9uraace. Loss reserve
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