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<br />` �, :��.s�E� � S.Barard or Propet�ty InRUt�tnca. Barawwer.sbAil keep the improvemeat�now caciating or hereaftcr erected oa tliee
<br /> ^ � � �� Property insur�agaiust loss by tire,hqxardn inaludad:wtthin the term'extended covetage'and aqy other hazards. tacluding � _
<br /> ��>-�:-�r� • ttoods or flooding. for which Lender requiref►inaeuattoa.This lnsueaace shall be maintained la the amounts aad for the perlods� _
<br /> that Lender requires.The insurance canrdar provid�n�tba tasumnce shail be chosen by Borrower aubjecc to Lender's approval / �
<br />__ ;'� wbich shaU not be unreasonably wttbhald. i�B4rx4w�or i�ils to �alntain covc7ege described above, I.eader may. at Lender's -
<br /> . ' opdon.obtain coverage to pmtc�t I.+sndo�'s ri�t�ia,tba Property in accordnnce v+iat►parngrnph 7. � � -
<br /> =�� �� :�� All lasurance polictas and ren�wots st►�ll,�q axeptable to Leader aznd ahall include a standard mortgage clause. l.ende Q -
<br /> _ ..=� shall huve the r�Bbt to hold tha poliaias mtd sertawals.If Lender requires,Sorrower s6a11 promptly give to Lender all receipts of� =
<br /> ue
<br /> _ � paid pr�miwas und renewal naticea. In tha event.of loss,Borrower s4a11 give pma�spt uotice to the insurance carrier and Leader.� �-
<br /> „-�.� Lender m�y mako pmof of lq�if ne►t m�ule ptqrapdy by Borrower. -
<br /> �'�`�{r` � Ualess Lender and Borrowor otbsrwlna a in wri a�pplied to reatoration or repuir of the _
<br /> B� �8•iasweace pt+oceeds sha11 be
<br />:r-� Property damaIIed,if tha restoration or.r�p�ir ia economicnily feusible and L.ender's aecurlty{s not lessened.Tf the restoration or
<br />_� � + repair la aot e�onomiaulfy faa.aiblo ur l�ender's security woWd be las�ned. the insurance proc�eds shall be applied to the eums
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<br /> - _�� secured by th1�Sesutity Inednitrtant► whether or not thcn duc,with any excess paid to Borrowor. If Borrower abandana Ide
<br /> ��;� • Pcoperty,or daas aat ane,wer Lvlthln 30 days a aoticc fmm I.ender thnt�hc Insuranco carrlcr hes of[ered to�cttlo n clalm,then
<br /> ' `t`''.' Lender may collert tba insvrance proceeGs. Lender mny uso th4 procxds to rcpalr or mrstoro thc l�roporty or to pay eum�
<br /> � �''�� secured by thts Secudty inattumens,whether or not then due.The 30�duy pertod will begln whcn the notice is giv�n.
<br /> ���'�`" itnteas l.ender end 8orrowor othenviao agoco in wdting, any applicition af pmccede to pNncipnl eheli not oatend or
<br /> " � postpone the duo data of tho monWly paymenta refernd to io pangraphti 1 and 1 or chungo lhe nmoant of the paynxnts. It
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<br />-_;f,,�ry,f.;� under puagraph 21 the Property is acquired by Lender.Borrower'e dght to�ny inauranoo pollcles end procceda reaaltin�fram
<br /> :- �;� daausge to the Propsety prlor to the asquisltlon s6eU pass to lesnder to tho eatent oB tho ens�a et�und by this Sect!rity inatn►�tent -
<br /> �.�"�`. ': iaamediately pxior to the acquieitlon.
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<br /> - .:�^°� b.Oocupw�cy.Yreservatlon.Molntenance amd 14otecNon ot Ibe Property; Bon+nwer's Loon Appltcatlon;I,easeholds.
<br /> .y..�y..�:. Bornnwer shail accupy,esteblish,end use the Propeny as Borrower'e princlpal nsideace withia aixty days afkr the execudon of
<br />._����� this Securiry insuuraent aad shall condnue to oaupy the Property as Bomower's principal naidencx for at least oae year after
<br /> A `Y '°' t�e date of occ�pancy.unless Lender otherwise agnES ia wrIting.which canaent sha11 not be unreasonably wtthheld.or ualess
<br /> ^Y,.��� exunuadag circumstene�s w�iat which are bcyond 8ocrower's control. Borrower&hall not desu+oy� damage or impair the
<br /> ==-- Property, allow the Propeny w deterlorate. or com�it waste oa the Property. Borrower shall 6e in default if aay forfeiture
<br />�-v������ acdon or pmceeding,whether civil or cdminal.is 6eguu tbat in Lender's good faith judgmeat could rretcult in forfeiture of t6e
<br />•�.���ry��=: prepetty or othetwIse materlaily impair the Ilen created by this Seadty iasu�uaeat or Leader's sccurity intenst.Borrower may
<br />:.;;�,:��� c�re such a default aad reinstate.as pmvlded in paragraph 18,by c�using the actioa or pmceedi�g to be dismiss�with a cWiag
<br />_°��•_�� �ar, :�i r.nAer'A�ix�d faith determinatlon, nrecludea forfeihue of the Bomoaer'a intaest ia the Pmgerty or other materlal -_
<br /> �;r�,�`u,� im�ir�st of she lien emAOed by this Security.�Enstsumeat or L..-ader'e ses�ulry intere�t. Bon+o�var shall also be in defaWt ff
<br /> ,�,Lr�t� , Hon+ower.during the loan applic�tion prooESS,gave materiaUy false or inaccurate informatioa or etataments w Lsader(or failed
<br /> --_ - to provlde Lender with any material inform�tiot�)in conaection with the loan evideaced by the Note,inclt�ding,but not limiud
<br /> :a.,�,,...�.,...:...,..�..�:.��Anrmwer's�ccuran�w of the PmAeriy es s pslnCtpel tesidenCe.If this Securitv Instrumenr ia on o
<br /> leasehold, Borruwer sball oomply arith all the provisiqns of the lease. It Bomower m;quires fee dtle w tha Pisopeny. the
<br /> _____— lc�ssehold and the fce title shall aot merge ualess Lender agroes w the snerger ln writtng.
<br /> _----•--- 7.Arotectton ot Lmder's Rights in the Yrope�ty.If Boirowa fails to petfo:m the covenanta and agnerasnts contaiaed in
<br />=ti.q��,..� �this Seadty Insuument,or thcre is a legal proceedim�that may sigiiflcaady affea Lender's dghts ia the Pro�rty(such aa a
<br /> -�-_�� ' praceeding�n baninupuy,probaca. for ooademnatioa or farfeitua�or to enforce laws or regulations),then Leades may do and
<br /> ---- - � .p�r for whatever is neassary' to•pmtect the value oP the�roperty end Leader's �ights in the Pmpeity. Ixnder's acxIona may
<br /> . . include PayinB any sums securod by a lien which IIeat prioriry over this Socurlry L�suument. aPP�TiA�.��. PaY�B
<br /> °.�.� �.reasonable attomrys'fas and eattring on tt�e,Aroperty to malce r+epaias.Although Lender may take actton underahis Para�h
<br /> `- 7.Lender does not have t�do so. •
<br /> � � Any amovnts disbursed by Lender under tlils paYagraph 7 ahall become additional debt of Borrow�ot secured by thia
<br /> _ . . Securlry Insuumeat.Unless Bomawer aud l�tder ag�e�e to other uens of payment,these amounts shall bea�'ii�terest from the
<br /> "� date of disbussement at ttte Nou rate t►nd shall be payable. with iatccest.upoa notia from Lender to Bomower requesting
<br /> �...Y� P�t.
<br /> _-- 8.Mortg,age Ins�u�ce.�t�.ender required mortgage ins►uaace as a condition of maldng the loan secucod:by tbis Se�uriry , �
<br />%�� tnstcument�Bon�ower shalF pay�the premiums reguiaerl,to maintaln the mortgage ins�raace fn effe�. If.•f4z any reason. the ,- _
<br /> . . mortgage iasoranoe coverage iequirod by Lender la�ses.or ceases ro be ia effax� B6rrower shall pay the piemit�ms requlred to :.
<br /> ����;:�� ,' obtain ooverage aubstaaaally equivaleaE to i�e mongage insurenve Qrev(ously in eftoa.at a cost sultstantiably:equivalent to �he s�
<br /> -- _ . � cost to Bomower of the mortgage insu�nae previously in eHxt.from an altemax mortgage insunr appraved by Lender.if
<br /> ---- �_ . subatandally equivatent mortgage ta�suranre coverage 8s not availabk. Borrower sball pay W I.ender cach u1o�h a sum equal w pq
<br /> - +�ne•twdfth of the yearly mnrtgage iasurauce premiuffi besng pa[d by Bomower when tlte iasutaaoe ooverage dnpsod or ceased to
<br /> � -___����]- be ia eftoct.I.ender will aacept.use end raain these payarents as a lass reserve ia lien of mortgage insusanee. Loss ce�ive
<br /> -�°Y�;:;s� Fam 3028 9180
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