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<br /> :, � �� ,�.<<t�•�.: S. �pr�o�rty Iastarance. Botro�rer shall ke�P tt►e imProvemenu now existing or hereafter erecte� on ` � :
<br /> _�V`,` , :; p�,operty�nsured against toss by fire. t�ar�ds inciuded within the tetm'extended mverage"and any otI�er hazards. inciuding ,
<br /> . � .=, ''- tloods or flo�auding,for�rt►ich Lender cequires ins�u�ance.This insarance shall be maintained in tlie amounts and for the gedods
<br /> ' ° tbat LecWer requites.The insvrance carrier providing the insuiance shall6e chosen by Borrower subject to Lender s appraval -�::_ <,:
<br /> . ` .. ��.` wluch shall aot lse uareasoaably withlield. ff Bosower fails to maintain rnverage descn'bed above. Lender may. at 1.eader�s -
<br /> -�- option.obtain covemge to gmtect Leader's rights in the prope�ty in accordance witt�paragaph 7. clat�se. l�nder $`-
<br />- . �"�`:..°;:�=. �` Atl insuiance policies aad reaewals s6al1 be aaceptable to I.ender and shait inctude a staYedani mattgage
<br />- '- '�� shalt hav$the right to hoid the policies and renewals.If Lender requires.Hurrower shall prompttY Sive to Lender all�oeipts of '.�,"fi ;'
<br /> p�d p���sns aa�d renewal nouces.In the event of loss.Eormwer s6a11 give prompt nouce to the inswance cazrier and i.ender-
<br /> ^�-•':� .-•:�`��- Leader may malce pmof of loss if not made promptly by Borrower. .� .� '
<br /> ` ' Unless I.eader and Borrower othetwise agree ia writeng.insurance procxeds shall be aPpued to neswra6on or repair of the �
<br /> �,"�: �:
<br /> " Fco �f the restoradon or�e,pair is eoonomically feas➢ble and Leader's security is not tessened.If the�escoration or � _.
<br /> ....�,.,.`: P�Y�-� w o u i d b e l e s s e n e d,t h e in��.�++c e p r o ce e d s shall 6e a p plied to the sums __
<br /> '�`,�;'.�- . iepair is aot eootwmi s�l ly feasi b le or L e n d e r's s e c u r i ry ;�',,�•
<br /> s`"�':'�•�;�"� secured by this Secaary I n s t n u n e n t, whether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> .or does not ansu+er within 30 da s a notice f�vm Leader that the insurance canier 1�s offered t°settte a ciaim,theu ' �
<br /> .',;s�`. _; or to pay sums �Y,
<br />: -r;:.�sis�.,::��'��-: �P�Y '"
<br /> `�<?. , �nrnrance roceeds. Lender may use the prooeeds to�air or restoce the Property _��-
<br /> _ .�,� <; Iender may collect the' p �,`�
<br /> od will 6 vrhen We notice is gi�en. ;.
<br /> .. - - ; �by tiiis Serurlty Insaument.whether or not theu due.The 30-day peri � al s1�aU.nat extend or
<br /> r-,•t� '� Uniess Lender and Bornnwer otherwise agr�e in writing. anY aPPlicadon of proce�ds to princip f'..�-
<br /> ag e .
<br /> _. . �-`.�`•. = Po�Pone the due date of the monihly paym�refemed to in paragiaphs 1 �2 or cha�ge ttte amnunt of the paymeAts. If . . .
<br /> � liCte.4 Blla IOC�S Y25II1tII1 ffOID i.,,o��.
<br /> .. ` ua��pazagraph 21 the Pivperty is Fuciutred 63+Leade�'•Borcower's right to any iasurance po P S � . _..
<br /> . :;,<;:;, - ettt �.�;ry��_
<br /> , da�e to the PropertY Prior to ttz�a�istion shall pass to Leuder to We extent of the sams secured Iry this Sea�rity tnstrum - -
<br /> :', . ''`:, i��ediatcly prior to the acxNisitiv�.
<br /> ac
<br />; , : ':;t.•,r 6.OccugancY,Pr�sesoatton.A��.�*��and ProtecNoa ai 4he ProperiY;Boaowe�'s Luan AppllcstIon;E.�olds.
<br /> . .�. "< Bortower shaU occugy.establish.an�use�i��roperty as Borrowet's princ�pal�sidence within sixty days after the e�tion of �•.`=`�,:�
<br /> `'` . �,"`; t and s1�a6[oontina2 tfl accuPY the Pr°Pert�'as Borrower s priaci�pal resideace for at least one year aRer
<br /> _ ;:��.:.. . t�.g�ttity L�u�umen a .,
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<br /> T�,::_, �• �. ttve w�ate of ocacpancy.ua�ess I.��ier othe:wise agrees ia writing,whicd oonsem sha[L r.�t be anreasona6ly with8eld,or untesq ,��.�:_;y,�;
<br /> r.';i``... � . .
<br /> � :;`;`, � ex�rsatinS cltcumstaaoes e�dst whi�h sue heyond Bomawer's control. Bonower sFi:.]1 aot destray. damage av impair the . - ---
<br /> =a�..,
<br /> . � :; ,�'; � . . p-e�x r t y,atlow the Pro p e rt y w deterioiate,•�oommit cvaste on the PcopCrt}►. Borrower shall be in default if a�r forfeltuc� . _ --
<br /> a"
<br /> ` E �a or prvoe�ding.whethec civil os cri�+---*.�,9s begun t h a t in l�d e a's g a o d fai t h j u d g m e n t c�u l d re s u l t i n f o r�e i t u r e o f t h e . _
<br /> ' .Prq�y or ot�erarise materially impair the�i�eceated 6v i�is Sesurity�'sttua�eflt or I.etvder's sewriry interest:8orrowec may '.,
<br />- � ` cees.icb a ctefault aad reins�.as pr�vId�d in paragr��i8,by causing the action or proceeding to 6e dismissed a+iiti a toling ��
<br /> { Y: ' t�at: in'Lendec's good faith��t�ninauon- �cludes f��ture of the Borrowei s iaterest in the Propecty or oS�er material ��,-.,-,,,-
<br /> , � im�airnoe�rt of tt�:.'3en create�6y tlris Sac�..'�-�ent or Lender's scrurity interest. Botmwer shall alsa be in defavdt if _r
<br /> . ; ��
<br />- - '� Botrower.during the loan application pron�,�ave materialty false or in$�carnta infom►ation or ssazements to Lender(ar f�Iad -----
<br /> � 'F' ` to pravide i.ender arith any material informaiion)in connearon with the loan evidenced by the Note,insluding,but nut tim�t�d _�
<br /> ;� . .
<br /> to,rePTeseataGons concerning Borrawer's�occuPancy of the Prnperty as a principal re�ence.If this Security Instrament is on a ._ ---
<br /> . ' �;., Ieasehotd. Borrower shall compIy whh sU the pmvisions of the lease. If Borruwer acquires fee tide to the FropeztY, the ,_ _
<br /> � � ' leasehold and the feE tiile shall not merge unle�s Lender agreES w the merger in writing-
<br />- • • : ; ?.Pco4ect�oa of I.endet's Rip,f►ts in tt��rope�4Y.If Borrower fails to perform tk�covenants and agceements contained in - -
<br /> ' " this Security Iastmment. or there is a tegal groceeding that may significandy affect Lender's rights in the FroPerty(such as a --- -
<br /> � . ' ., pra�ceeding in bankruptcy.probate. for condemnadon or forfeiture or to enforae laws or regulations),then Lencier may do aad '---
<br /> � and L�nder's ri m the Property. Lendet's actions may
<br />__ � 1�;;�`or whateves is necessary to protect the vaIae of the PropertY �� ;___.--:.
<br /> . • � ,;, .:.. ;.' f°ile paying.arry suins secured by a tien which has priority over this Secua�y Q.�shument. aPPearing ice i?�,itt, PaY�ffi . _.
<br /> • � ' "' reasona6le attc�r+�ys'fees and enter�ng on the Property w malce rePai�s•?�ithough��r may take�ction under this patagr�tn '�~
<br /> . ' ..,�: '_ . -- --
<br /> �,,i 7,Lender does rflt have to do so. �
<br />'. , ` pny amounrs disbursed fsy �,ender under this paragraph 7 shall bzcome���nal debt of Borrower secured bY this __- -
<br />_ � ' .Security Insnument.Unless Borrower and Lender agree to other terms of paym.enc:t�ese anwunts shall bear interest�from the :��;-_�
<br /> � � ' • date of disl�ursecnent at the Note rate and shall be paya6le. with interest, upon no�ce from Lender to BorroweT requesting ,.��v_.
<br /> �n.'` P��� -
<br /> =`''� g.Dgortg�gQ Iasvrance.If l.ender�,u:red mortP,aBe iasurance as a wnditton of matring the 3�secured by this Securicg
<br /> - . ..`�:�;`� . -_•
<br /> - • . . �:;�� lnstrument. Borrower shall pay the pre�ums required to maintain the mortgage inswance in cg`�t• If. for any reason, the _ -
<br /> - a¢ur�gage insurance coverage required by Lender lapses or ceases to 6e in effect,Borrower shail pay the prea��s reqalred to �:-__
<br /> `�;�;, obtain caverage substandali�+cr,uivatent to the moRgage insurs�nce previously in effect,at a oost substantialiy r�;�ivalent to the .
<br /> �_ ' .�, ':���; cast�to Boaowc�r cf the mortgage insuraace previously in effect. fm,�an aitemate mortgage ins�uer a�roved by I.cnder. If °T.._
<br /> ��,
<br /> ' ��'{'� substantially ec,u��alent ttmngage insurance coverage is not avaitable.�asnuwer shall pay to Lea�each month a sum equal to :�,,.;,�
<br />�� � • one-twelfth of the yearly ma�4guge insurance premium being paid by Borrower when the insurar�ce ooverage lapsed or ceased to
<br /> 'F'.:�
<br /> - � • � be in effect.l.ender will acoept.use and retain these PaYmonts as a loss reserve in leeu of mortgage iasurance. Loss resen►e , •�••:�_,
<br /> � � .. �; fo�aoas arso � .
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