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<br /> . A]I insusanea Policies ead ranewala sbsll t�aaaeptabla to Lender aad ehall iadude a standsrd murtg�ge dause•Lender sl�all `
<br /> Banawer shall�omPBS►giva to Lender a11�+eoeipLs of paid
<br /> ` have the tight to hold the polides and renetivals.It Leader iequireey .
<br /> _ _ pramiums and renewal notioes.Ia Ehe event af lnss,$ormwer ehell give PromPt�tioe w the insurenoe mrrier and I.ender. .,�.
<br /> , � � Lender maY ma�e Fmof of losa if not made tmomPdY b3►B��T "��_` _
<br /> � ���'�— Untess Lender and Boreower other�vIse agiEe 3a wrltin��P='a����hed to res0oiatioa ar repair of the _
<br /> . .;:::° ; {�-' pmperty�amaged�if the sestora�on orrepairis ecomm�icaUy feam'bte end I�nder'a secctnaty is notleassned.If�netesLm�a�on or �, �,
<br /> . . , . . rapair is not eoanomic��lli►feasible or Lende�e sacnrity wonld be tessened,the ins�P��eds shall be app2ied tn the suma ` :�,, ,.�
<br /> .. _ . seeuied b7►t�ie B e t u ri t 3►��.whether os not then due,with sny eacesa paid to Borrnwer.If Bormwes ahandona tLe
<br /> - ' � properLy,or does not anawes�v i t h i n 8 0 d ays a not�oe 8roui Lender thsL the in�eaaca carrier I�se offerad to wttl i��s�imns
<br /> .. ,- l.��eder may oollect the ins�uance Prooeeda Ieender mei►usa the prooeeds to regair or res�e the Pi+opert�► _
<br /> '" seciu+edfsy thie Seciuity Ins�rnment,wbet�er 6r not then dne.Z9ie 80�day Pariod wiD he�in when the notdoe is given.
<br /> � � �`� Unless I.ender aad BoiTOwe:othenvIse ageee iu writing,anY aPPlicasion of piaoeeda tn pnnaPat sba31 not es�end arpostpone
<br /> . - the duo data af t3�e mnnEhty p�yments r�efeited to in pan�ageapLe 1 and 2 ar cbange the�omnt of the paymeaL�.If under ,
<br /> . pa�agraph 21 the Aroparty ia soq�+ed bq I+eader,Bortowe�e�ight to any insmraaoe poKctes and pmaoeeds resniting fmm ,
<br />_ .. . damage �o t�e Propests► Prior to tlse salui�tion sl�aU pass to Isade=to the esoent of the suwa sec�aed by�ia S�ritY
<br /> - �nstrameatimme�iately grior to the acquiffition. Soseviver's I,�oam APP�°n+ �.
<br /> � • ` @.pc�nPam.a9.PteservaRioas Maiat� and�ot�otlon uft the Proga�3►+ te�dence wit2dn�xtY d�Ys� .
<br /> .. Leaseholds. Burmwer sbaD oo�nPY.establiab,and use t�te Pmt�extY es Basmwe�s principal sesidence for at teast `
<br /> . .. _� .�' ':. the esecution af daia Sec�ity Insfaument and sball aontinne to aa�gY�g P►'�P�Y as Bmrrowe�s prindpal ---
<br /> .y�.�,—. - c i whieh canaent eball not be�+easonably �
<br /> , . - � �' one year aRer the date of aocupauc9,unIcss Lsnder otherwise agreee ia writing, •
<br /> � � •,:'�:, withheld,or ualess ea6enuatdng dtsmmistances e�st w3�ich ete beyand Bariowe�s aontml.Bonmwer shall not destmy.damae°'a : ,:
<br /> . '" .,` , . . or impF►ir tlie PeogestY.allow the P�+ugert3►Lo deterimate.ar wmmit waste on the Pimperty.Barruwer sball be in defanit if any ,
<br /> . ' ;.. p►II' eat couldresnit iaforfeitmre
<br />- �:.s .•.-�:'.:•`- foifeitare eetion or p�edin&whather dvil ar criminal.is begun that in Leadei's gaod feith 3udgan .
<br /> - - or otherwise materlally i�np�r the}ien cr8ate8 bY this�Sec�ritY��ar Lende�e aecarlty iaterest. °
<br /> • . of the Propezty 1 �e arEiaa or geooeediug to 6e
<br /> ' Bormwer maY emre such a defau]t and reinstate.as Pmvided ia paragraph 8,bY cau�an6 .;��
<br /> :.�. " ;�. ',';,�• di�issed with a nili�ag tl�in Lende�a g�d fffi� determina�on,Pxeslndes fnrfeiL�ae of the Boszowe�s interest in the �;
<br /> ar Lendei'e secudty intetiest.Barnwer �i:-::
<br /> _ � gk�perty arother material i�,�.ment of the liea cteasLedby�is 3eaaity Ina�.�t felse or insa�mate iafoanation or �:;�_--�-
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<br />- . shall atso be in defauIt if Br.�sver,dm�ng tbe loaa a�++plica�on g���Y - --;
<br /> � . smtemenLs to I�ader(or�d�provide Lender�vith a�y material infotmation�in connection with the loan ea�'enoed hy the �:;,_..
<br /> ' NoLe.iactn�n�,but not limited to.rePresen�tiona conoerniag Borxotsei's oocupaucy of ffie]t�mperly as a grinci�al�deaoe.ff •
<br /> ' , tbfis 8ee�iiy Instiumen8 is m a leasehold,Borrawer aLaD oompty with ell the peavieioas og tbe lesse.If BorcoBar aaivases�a _-
<br /> tiGle to the Pmper�y.the lea�Loldattd thefee tdtle eLall natme2ge unles�Leader apseae to theme:gerin wrltin�- :-
<br /> 4 Pa+��aotion otl.en$er'9 ffif�hte!a the 8'ioPe�Y If Barrower f�its to perfoim the omvenants and a�ee�ata oontalned , �
<br /> - in this$ec�ity I�ru�uezS,�ihsr8 is a le�a!�oc�eeding thet tuap significautlY affect Lea�le�e rights ia�e Pto;.erty{aneb as a � -_
<br /> ' • �� givoeedin�in baa�nPtc7+�probate.fos oondsmnation or forfeiture or to enfor�lawa os regulatians),t�en Lendgr may do and � �_
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<br /> :�'� �aY for w h a t ever i s neeess�x9 t o P m t ect the vaIue of the Pmperta►ead Lendes's righte in the Pcoperiy.Lende�e aeCtone may , _-
<br /> , ' ,``•�.� irsrlude payin�anq s�.?�d by a lien which has PrloiltY over thie 8eaaitY Instirvmeat,appe�ia caurt, P� _.., `
<br /> ; .;:.: rz�onable attaraeyd fe��d enteiing on the Properey to make repfaie• A1tStos�h Lender may take ssbrsn uad�tMe ` •a
<br /> ���. �.� •. t ting �
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<br /> .'..• �..r.. •.c"i:; �AT�l8p117,112LL4�'BY a029II6Y'`l18V8 t0 a0 80.
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<br /> E�, Aay nmat��sbwsed bY Lendet under ttrie p6aeagraph 7 shaD�e ed8itional de6t af B�zver see�u�e3t�Y thi�SecuriLY
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<br /> Insdmmen�Ualeas Borruwer snd Lender a�ree to ati�er tesms oY g�..�at,t�ese aawunts ehag�interesi 8mm the date a� __
<br /> �`- . '�,: ' . . �sEsiasement at the Note rate aad eha11 he payab2e.witasi�t,�xest.�ao�oe�o�L�ades to Bonmwer reqc�,g p�3�en�
<br /> � �ai
<br /> � .: .� e�11�o�etgage Ynsurance. 1f Lender required moa�� insiu"aaee as s ocas�tioa oY making the la�eeeured by tLie -
<br /> ��' � � ' gecurity Inatniment,Bsrrawer sha11 pay the premi�as requiYed to maintedn the m�srtgage ins�uanoa in effee�T�for aaY reason,
<br /> . �. :.. .. �.t:�• _
<br /> . the martgage ias�uaaae om+era$0 re9u�ed bY Lendes lapses os ceasea tu be in e$'ect,Bmrmwer ahall pay the pacemiums requi�ea -
<br /> ��:` .. valeat to
<br /> � . ;' . . �obtaia cm►eiage substantially eqvivalent�the martgage ins�ance pigviouslY ia e8'ect,at a oost subsbantially squi .
<br /> * `',:;,,;� . t�e coat to$mTnwer of the martgsge inautance gnaviously in effect,�om sn altet�.�martg,age ias�uer ap�aaYed by LenBes Sf .,
<br /> �, ;t�, '
<br /> ' subsmntlally equivaleat mo=tgage ins�n'anc�e covetgge ia not available,Borrower�pay to Lendes each m�a�a eum equal to ;�;;:�
<br /> �'- ':'' .�' , one-tvlelRd�oYt1�e yeatly ffiosF�e ins��oe plem{um heSAg Psid by Bore�uwet'w'��-2n the�na�nan�cove�age Lti}reed os oeese8 to '.,.�'��;,::
<br /> . be in effed.I�endes will socept,use and retain tdcese gaymente as a l�se reserve in Hen of moitga�e insmaace.Loss rese:ve
<br /> �� ° paymenta may no longer be re9uired.at the opgon of Lender,if moarg�ge iaswsnce cover+age(ia tlse aiavunt and for the pesiod .
<br /> . ' �� that I.snder r�quis�2s)Pmvided by ea insures appmverl by Lender again bearmes availsbte ead ie abtained,�on�nwer shall PaY
<br />� :, ' �g ��llIDB tCQU�IOd L� �A�11 7II0lL�Q$0�I18ql8II� �11 e�CL��T LO Pm�14�3 B 1088 T0B8N0� until tlis req�rsmeaL for ;,:
<br /> , . Qu ' �:;:>
<br /> mortgaga ins�uanae ends in e000rdance wit3�any wrltten agreement between Bo�mwer and Lender or ayplicab2e law.
<br /> �'• .. • . e Inepectiom Lender or its a�ent may make reasonaD2e entries npon and inepections of t�e Pr+aperty.Leader ahall give :
<br /> _ _ • Botrnwer no�ce at the time of or prios to an inapectiun specifyring reasonable causs for the inspection.
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