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<br /> < � 5. �rd or Feoperty tnsm'ence. �oriower shall keep the unPmvements now e�ciating or he�eafter enected oa the � .
<br /> ° . `.`t: Propeny insuted against loss by fi�.ha�ards iacluded wiWia tAe term'e�ended caverage'and azty other Hazards.inctttding :; �;�;>.
<br /> ` fioads or 12ooding.for which LeIIder iequices inc���s+noQ,1$jg i�lsutanCe shall be mtiIIt2�[ted in the amottats 2IId foI ttte g�ii0ds
<br /> .-. .-._- `' .: that Leader requires.7'he i�uuraace c�rrier providing the insuiaace shmli be chosea by Bon+uwer su bjea to�.e a der's appm v a l �
<br /> �.`�-w` l �__.
<br /> . ,r.--�=- w�icD shalt not be�reasoaably witt�hdd. If Boimr��fails to maintain cov�e described eb�ve,L�der may.at Leader's - � --
<br /> .` ';�.°;.
<br /> - . option,obtain coverage to pmtea Lender's righta in the Pmperty in acaordanoe with p�h 7• . . ,
<br /> . :�.;: All fnswance policies aad tene�v�ls shall be�sceptable w I�ader and sdal! includ�a staadard mortgage clause.Lender
<br /> . . . . shall have tl�e right to hold the policies and reaewals.If L�der�equires,Borrower shall psomptiy give w I.eader all teceipts of
<br /> . -_--.- paid p�miams and ren�ral notioes.In the eveni of loss�Borrower sbari give pmmpt notice co the ms�se cacrier and l�nder. `
<br /> � . Lender may maYe proof of loss tf not made PT�P�Y bY Borrower. :.
<br /> ' UWegs Le�der and Bomower othezwjas ag�e In writing.ins�ranoe Pmoeeds s6aU be applied w reswra�ion or rePair of the . ,
<br /> � . .:=f:. �P�Y�5�•if the�estoration or repair is e�oaomically 5east'61e and I�ader's securiry is not tessened.[f t6e testoratiQa or '
<br /> '��' repair is not economicaliy feas�'ble or LEncier's sec�uity wauld lse lessened,che iasuranoe Pmceeds shalt be aPPlied m che suffiv :,,, :
<br /> . secvred Dy tLis Secarity lnsuu�nt,ahe�'or not then dae,with anY acc�ss Paid to Boauwer. tf Bormwer abandons the .
<br /> ,i�, ��- . - Propetty.or does not aaawer arithin 30 days a aodce fmm Lender that the ins�uaiace cazrier 6as ot�ered w settle a claim.thea ":;
<br /> . I�eader may collea the iasuranae pmceedg. lender may ase the proceeds to repair or restots the�raperty or w pay suma ��. ��
<br /> _ . • ::: secaued Dy�is Seauiry Iasu�ent.whether or not then dne.The 30�day perlfld w�i begin whea�the nafloe is givea �":,,,`.:i--
<br /> , `��i,�,,�. Qnles3 Iender�d Bormwer othetwise ag�ee ia writing, aaY applicatton of pmceEds to pr6icipal sLall not euend or ,,:.�i;�?�'.
<br />_- ... :� c�; postpoae the due date of the montLlY Payments�w ia para�raphs 1 aad 2 os r��the amount of the payments. If _._._.:_.
<br /> -- _. ':<r•�. �mder Para�ph 21 the ProPetty►is acquiied bY irendEr,Bormwer's right to aay insataz�ce policies and pruoaeds tesuitiag from . .,
<br /> .;,,�;�,;� damage to the pmpenY Prior w the asquisitian shaU pass ta Lender w the extent of the sums secuned�ty tWs 3oc�uiry�nsuvment ;r
<br /> ;��," mamediately prtor w the acgnisidon.
<br /> . , :;;;���� 6.Ooar�aacsr�Pk�vffito�NPs�i�tteoBIICe snd YtBtedton o4 the P[op�B or1+OW C='S Y.oA�A p p l i t�1 t o ID•s i�c o hn/�4� _-
<br /> `�,, >.� Barrower sLaD occugy,establish,aztd nse the Pmpeaty a4 BosmwchPs pr3ncipal Yesidefloe wIthia sixty days attea�the eaeration of
<br /> ':;:�l tbis S�yr tasonffient aud sha11 cont�e w oocupy the Property as Bomawer's principal�esidenc�for at le�st one year after .
<br /> � the date of oocupaacy.anless Lender othezw3se�in wrItmg,which oonsent shall aot be�m�easonably c�dWhetd,or un2ess � ,_,,,,_
<br /> '�i" � • '• i�; eu�aating c�mstamces exist wh�ch aie bey� 18�arower's oontml. Bomn�vver shall aot desCnay.d�na8e or.imPmr the '�"�.:
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<br /> . ,:w . .`,; pmperty,a91ow the Pcopeny w det�arate,or oommit waste on the Pmperty.Bamuwer shail be in dBfanit if aay fort'einae �'�''"-_
<br /> '?r`� . action or proceeding,whether civ�or crimiaal,is t�on that 1a i�der's good faith judgment c�ould result.ia forfeit�ue of t�e �
<br /> . ��� .` .
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<br /> ' . ?,;�. �P�Y or othetwise materiaUy impair the fien c�by thls Security Iasnament or I.ender's sea�tiry intetest.Boimwer may �•.�J�
<br /> . . � ; .; ctue s¢rd�a defavIt aad rdnstaze,as psuvided in�agh 18,b3+causing the acaon o:pmoeeding ur ity dls�cissed with a mliag
<br /> ., .`;.` that, ia Leader's good faith daer�i�n,prect�s forfeimre of the Bomuwer's inte�t ia tha PmpeatY or ather mater�al :, .,
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<br /> ;''�;'r.`;';� is�airment of che lien c�eated by t6��Carity Iastcument or LEndec's secariry inte�est. Bu,uower shal!also be itt defaWt if -,._.:r
<br /> _.�,�`;:�-: gonvwer�du�ing the loan appllcaflon�xocess.gave matenauY false or inaocvrate iafo:matto�t az statements w Irender(or failed y.'`'•''�'-';
<br /> � � �"r�., to pravide Lender with a�r mate�lal informasian)�n oonnecdon with the loan evfdenaed by the Ptote,iaclndiag,bat not limited �r;:,_:;=-
<br /> . . :, �;°:, to.reprrseutations canceming Bomower's aocapancy.of the Pmpeny as a psinclpal resideace.If this Securicy+lnstiume,nt is an a - �, =;�.�
<br /> , . •>��' leasehold, Bomnwer shall comply wtth all the prd�lsions of the lease. If Bomnwer acqui�s fee Stte ta►the Property, the ;' .���-=
<br /> - r ':�,; ieasehold an�the foe tttle shaU not merge anless Leadec agcees W tka meiger in�vriting. : -_--
<br /> � ' 7.Pmiectlon of Leadda Rtghts in the Ptop�ty.If Sorrovier faids w pe:form the ooveaants aaA�ts wnta�nd in __-_.
<br /> � � this 3tcaciry tnstmmens,or there is a Iegal Proceediag that may►�iS�t1Y affect Lander's tighis ia t1'r�8mperry ts¢ch as a __---
<br /> „ p:000eding Ia bankcupuy.PmDate.for oondeaanaaa�a or fodeidue o:w enfo:oe laws os regulattons),tlr�n�ender may do aad -
<br /> '. ° gay for wbatever is necessary to pmtect the va�ue.af the Properry�d Lender's rights in the pmpeny.fl�3et's actions ma5+ , ---
<br />- � . . '., tatlnde Payiag anY sums seaued bY a tiea whtc$ha4 prIority over th9s Security I�at. aPPeazing ia oaurt. PaY�B � -
<br /> . .�;���� ..; masanable atoomeys'fees end enuring on the?mpeaty w make sepairs.Atthougb Lender ma5t mke acdon imder this p�agtapb : � -
<br /> �, �: . ., � ?.Lender does aot have w do so. 4
<br /> _ /1ny ammmta dlsbu�sed by Leader unQer t�Fs paragraph 7 sbaU become additional debt oP Bos� secured by this
<br /> .. � gecurity Inst�ument. Unless Bomawer sud Leadet a,g�ee w other tem�s of payment.these amo�ts sball bear intere�st�rcm the .
<br />= . .. . date M��uisement at the Note rate aad shall be payaDle, wit'�iaterest,uPon noflce from Lsnder to Bomuwer r�a.°�stiag -
<br /> ' .� . paym+ent• - ,.
<br /> . . ' 8.M��e Iasm�3ace.If Lender ieqaiced mortgage insutanoe as a aondition of making the loan s�cnred 1sy thts Security - .
<br />--- .. . Insuumeat, Borrower s�atl pay the p:emiums requ�ed to maintain the mortgage insurance in effect. If,for amy reason. the
<br /> � maitgage ias�rance wvetage cequi�ed by ixnder lapses or oeases to be in effect,Borrower shall pay the preminms requito0 to
<br /> - � . � obtaia wverage substantially eqaivalent to the mortgage lasurancc p�viousty ia effect.at a aost subst�tially eqaivalem w the . : '
<br /> _ � � oost to Bonower of the mortgage insurauce previonsly ia effea,from an altesaate martg��nsurer appmved by Lender. If .
<br /> - . substaatially equivalent mortgage insuraase ooverage 1s not available,Borrower s2�a11 pay to➢.ender eac�montL a snm equal to ... .
<br /> , one-twelfth of the yeaz3y mortgage inswance premi�beiag paid try Bortov+er when the insuraace cover�e lapssd or oeased to
<br /> - �. be in effea.Lender v�ll aocept.use aad retain tt�e payments as a loss reseive�n lieu of mongage insurance. Loss resetve
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