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<br /> � � S. Hazard o�r Peo�erty Insues+nce. Borrower ahall keep the improvementa now eaisting or hereaRer erected on the ��
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<br /> • �p, Propeny inaured against losa by flre. hezarda iacluded within che tBrm "extended coverpge" and aay other hazards. including
<br /> • p floods ar tloading. for which l.ender ttquires inaurance.1'his insuraace shall be mnintrined in the amouats and for the pertoda�
<br />- � that Lettder requires. 'the Insurance carrler pmvidiag the insurance shalt be chosrn by Aoaower subject to Lender's approval�
<br /> , which shall aot be unreasonably with�held.tf 8orn�wer faiis to mainwin covernge described above, Lender may, at Lender's
<br /> �. "� optioa,obtain coveroge ta pmtect Lender's dgh[e in the Pcopecty ia 3ccordnnce with pnta�raph 7. M
<br /> . • � ,� AIl Insurnnce Rolicia and renewola shall be acceptable to l.ender aad shall fnclude a staudard moagage clause. l.ead� -:
<br /> shall Auve the right to hold the pmlictes and renewals. If I.eader requires. Barrower shall promptly give to L.ender atl recmipts
<br /> � paid premtums nnd ceaewal aotica.In�he event nf loss.Borcower ahall give prompt notico to �be insuraace cacrier and Lend � �..
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<br /> �' [.ender may make proof of loss iP not made promptly by Borrower.
<br /> �.�s��M�� F.::
<br /> Ualess I.eader aad Bornower otbenvise agree in wrlting,iasuraaa proceeds shall be apptied co restoration or repair oi �
<br /> � pcoperty damaged. if the restora[ion or repalr is economicelly feasjble and Leader's security is not lessemed. If the restoratioa or _
<br /> � repair is not economically fe.�ible or Leada's security would be lessened.�he insurance proceeds shall be applied to�he s�u
<br /> ,. .:.� secured by this Securlty iastmmea�. ahet6er or aot then due. with aay excess paid to Borrower.If Bonrower abaadons the
<br /> .� �'�'�``•�� Property.or does aot answer wi�hin 30 daye a nacice from Lender that cha insurance csuder has offered�o settle a claim.ttsen
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<br /> � i,',; �. . Leader may collect tlte iasurance praxeda. L,ender may use the proceeds to repair or rescore the Property or co pay swns
<br />_.,,;:,:�:. secured by tttis Securiry Instrnment,whether or not t�hea due.The 30�ay period wiil begin whea the notice is gtvcn.
<br />=;.,;:t�:;,. Ualess Lender and Borrower otderwise agree in wrlting, any appltcation of proceeds to pri�ncipal s6a11 aot eacend or
<br /> ;�`.��'t;t;,r ., postgone the due date of the manthly payments teferred to ia paragtaphs 1 and 2 or change the arnouat vf the paytaents_ It
<br /> �`•``l�U:. -• under paragraph�2L tb�Properry is acquised by L,ender.Borrower's righc to any insurance policies aad procaA.s resulting from
<br /> �; , . daznage to the Pmps�ty�priar to the��quisirion shatl pass w Lender to th$extent of the sums secured by this Sec��tiry[nstrument .-
<br /> � • Gouaediately prior to the acquisitioa.
<br /> , . 6.Recupancy.Preservetton,Mai�t�se m�Yro3ectta�s ot the Property;Borrowu's Loan Appltcatioai La�eholds.
<br />_ �. � Horrow�r shall occnpy.establish.end use the Pro�+erry a4 Bosower's princtpal resideace within sixry days aRer the execudots of
<br /> `�' :� 'E' this Securiry Insuvment and shall cmntinwe co oxupy the Property as Bormwer's prjnclpal residence for nt least oae year a8er
<br /> . . ;+ � the date of occupanRy. ualess Lender ahenvise agrees in writiag,w6ich consent shall not be unreason�bly wi�hheld.or unless
<br /> - . .`"'.t` •' extenuadng circumctaaces exist which are ixeyond Borrower's contml. Borrower shall aot desaoy, darnage or impair the
<br /> , • Properry, allow the Property to deteriorate, or commit waste oa the Properry. Borrower shall be ia default if any forfeitun
<br />=� • y.�,, acdoa or procceding.whether civil orct�minal,is begun that in I.ender's good fai�h judgmanccould result in focfeiture of the
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<br />__:�.�•:�' � Property or otherwtse materially impsir the lien created by this Securiry Insuument or Lender's security interat.Borrower mey
<br />-'4'�;`�•a,, cure such a defaulc�aad reinstate.as pmvided in paragraph 18.by caueing che acdon or proceeding to be dismiased with a n�ling
<br />'-'---'-x"`��� ttiat. iu Leadcr's gc� P•i•s:drs�minadaa�Fzecludes forfeiiure 4f the �+tri►wPr's intereu in the Pnoperty or other meierIal .
<br />��,';,;�.V.;..;� im�alrment of the lien creatal.by this Security Instnunet►t or Lender's �cuiiry inieress. Borrotver shatl also be ia default i[ �
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<br />-° �, Borrower.durlag ttte loan applicatiau procas.gave materlaliy false or inaa�urate infortt�atioa or statements w Lender(or f
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<br />�`;,;.:�+' ,�, to pmvide Lender with any mat�riai �Oformation>in conaection with the loaa evtdenced by the Nou,including, but not limiud
<br /> ��.� to.representadons conccrniag Bom4wa's occupancy of the Property as a prineipal resldena. If this S�urity Iastnsriient is on a
<br />�.�:u��r�--- teasehold. Borrower shall com�ly wi�h ail th►e pxavisloas of the teate. If Barcower acquir� fee in�le to ttte Px+�perty. the
<br />�:���� leaseho�d and the fee titYe shaU not merge unless Leader agt�s to the merger in writing. .
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<br />:.."'•�'•rn'%� 7.Protedfan of Lsader's•1Rigbtts in We Property.If Borrower fails to perform the covvna�tts and agreements contauted in
<br />�;"�•�� t6is Securiry Iuswa3eat,or there is a legal proceediag that may sigaificaady affect Lender's rights In the Property+Qsuch as a
<br /> �"�� proceeding ia baalQaptcy,pmbste, far cuademnation or forfeiture or to enYorce laws or reguladoas), titen Lender may do and
<br /> _-- - pay for whauver is necessacy to prouct tha value of the Property and Lendsr•s rights in the Pcoperty.Leader's actiona may
<br />--"�;"�"`� include paying aay�at�ms securtd by a liea which has prioriry over this Seauity InstnunEnt. appearing im court. PaY�B
<br />_-_�-_�na� reasonable attorneys' fces and etueri�g on the Pmpeny to make cepairs. Although I.endex may[ake action under this parageaph
<br /> ---=----- = 7.Lender das aot have to do so. .
<br /> -----..--_-°�- pny ameuat� disbursed by Lender uuder this paragraph 7 shalt become addidonal debt of Banowa secured by this
<br /> --'-_`"'�-- Security Insuument.Uuless Borrower aad Lender agree to other terms of paymeat.these amounts s]�all bear interest from the
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<br />—��� • date of disbursement at the Note rau aad shall be payable. with interest.upoa notice fcom Lender to Borroaer requaszing
<br />� ;� paymem.
<br />--�•� S.Mortgage Insurance.If Lsnder required mortgage insurance as a condidoa of maklag the loan secured by this Securiry
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