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<br /> ,�4 • e�o�ng�f�l��d��2lFef°� a l
<br /> � '' S. Herm7� as Progeity I�rance. Forroaer s�all keep the impmvements naw m erected on the
<br /> .. ` ,�<_'•- ptogesty insured against loss 6y fire.ha�ds incindod wIthin the term'ext�ded voverage"aad any ather t�acds. in�wdiag
<br /> - • -.� IIaods or 800ding,for wtdch Leader re4uirea insuranse.l]iis insurance shail be mainsained ia the amovnts aud for the periads
<br /> ��`"�"� that I�eadsr requi�s.'!he insuiance c�rier pmvldtng the ins�uanoe shaii 6e c�osw 6y Borrawer sabjett tu�er's apgroval -
<br /> � wblch shall not be tmreasonabIy wltbhetd. If Boaawer faiLs to maintain wverage descn'bed abave, l�ender may.at Larder's
<br /> . option.obtain coverage to pmtect L�nd�r's d�ts in tbe Properiy in accordaace with garagraph T.
<br /> Atl u�stuaaoe Polici�aad renewals sLall be aoceptable to Lender and sl�all inchcde a standazd mortpge dause.iea�er
<br /> . .:_ ._. S11a11 hevC the IIg�t to 1101d ZhC pOliC[e4�ICriCWeLS.If I.ende[IEqtl3rCSy BtlsmWe[Sttell plomp$Y$n►e LO I.GIIdP�T alt Ie�ipffi Of
<br /> . . . paid premiwns aad renewal notioes.Ia the event of lasa,Borrower shall give pmmpt nottce to the insaraace c�der and Lsadea. '
<br /> � '' lxader may make psaaf of lass if not made prampttY D3►Bon+uwer. . .r`
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<br /> � UnI�ss Lender aad Bom�wer othetwise agice in writing,ins�uance pmoee�s ahall be applied ta resooration or repair of t6e
<br /> � . . PtopettS►da�paged.if the�estaration or iepair is economically feasil�le aztd Lender's security is noi�essened.If the testa�ation or _
<br /> ,� t�zpair ts not eoonomicaliy feasibie or LEnder's se�auiry waald be le�sened,the iastuance gmceEds shaII be appiied w dbe sums �; ,_:
<br /> ,.� secared h y tbis Securl ry Ins�nt,whettier or not then due,with aay exsess paid to Borrower. If Fonower abaadoas the ;�,,:..;
<br /> ';: �P�3►,or does aot answec within 30 days a notece fcom Lender that the iasu�aase carrier has offeced to settle a ctaim,dieu <
<br /> • - ` :j Le,adet may coTIect the insuianae piacceds. I.eader may use the pmoeeds to�epair ar resta:e the Pivpe�ty or to Pay sum� �'.r. .;
<br /> ;` :,; seWred by tbia Security Tnsu�ueut,ahether or nnt theu dae.The 3E?-day period anU hegin when the notice is given. --
<br /> � - '..� � Uniess Ixader aad Bormaer othecwise agree ia a+riting,anY $PPlicatian of p�s w prtncipal sLall not aueAd or
<br /> .� _ � �*.;• gostpoaa the due date of the¢n�nthly paymeuts iefernd to in paragraphs 1 and 2 or c3�ange the amatmt of the payme�s.If�der .. �
<br /> .. � . "` � P��PL 21 8ie Ptugerty is acqvired b3► Lender. Bo:rower's right to aay iasvrance pfllic�es aad pmoeeds resaItin�; ftom .. :
<br /> � � damaSe to the PraP�Y P�or to the acqu�sidoa shall pass to Lender to the exte�t of the sums sec�ued by tbts SecauIty Insuume�at
<br /> :' im�i�etY prior to the acquisittoa. ,
<br /> � . - ,:.'ti�� 6.Oocmpaacy.Fepsevatton,Mainteaaace and ProtecHon of th�Ptflp�ty;Borcuwer's�oan Apptis�tlun;I.easeholds. ,
<br /> ' ' Borrower shall occa�py,�abtish,and nse the Pmperty►as Borrower's principal residrace witf�ia s i x t y days aRer the exeauIon of
<br /> � '.�•` as Boaowet's �ideace for at least uae y�tr after �,�-
<br /> �•���' tLis�ec�iry Iasmmt�ut aad shall oontinue to ao�apy the PmP�Y P�
<br /> . .,�_t,_. .; ;..
<br /> �:��Y' ` � che date of aa�pansy.wiless Lender othecwise agrees ia writiag,which conseat shall not be un�easonably wit�held.os untes�
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<br /> ' .� axteanatt�g circamstances exist which are beY�!Bonower's wmml. Bar�wer shall aot destruy. d�age or imPair the _:
<br /> "�•� �'oP?�Y• ellow the PropertY to deierio:ate.or c�a�it waste on the Property. Bormwer shall be in�t if aay forfeitur� ��,..
<br /> � " � ac�ary�pmceeding�whether cive�or crlminal.is�-.�n that in Lender's good faith judgment oould r�snit ia forfeimre of the r �-
<br /> � `.�. air the lien cr�..^�sI by this Securlty Insuument or l�nder's securIty urtaest.Bom�wer may �=.
<br />_ . �Pr���or otheiarisc materialIY�P
<br /> , - c�e suci�a defawtt and ieinstaie,as provided in p�gtapL 18.by causi�g the sstton or pmc�eding w be dismtssed with a raling �-:
<br /> �. :' ""���'. thaz, ia Leuder's good faith determination,pr�ea forfeitore of the BoFSavrat's inte�st in the Ptoperty oi dther materlal . �-
<br /> " � impa�rme.nt of the liea created hy this Seauity�spcument or Lender's sev.�intemst. Borr�wer shall also be ia defaplt if �.s
<br /> Eorrower,du�ing t�e loan application pmcess,gave mater�ally false or inaccnrdte Infosma�on or statemente to Lendes(or fait�
<br /> .. , to ptovtde Lender wiW a�r material ts,��m�ation)in ooanoction witb the loan evideuced by�Note,�ncluding,but�ot limited ' � '
<br />- � ` . . ,� to.rep�ons aoaseming Borrow��s oaupan�.y of the PmPertY as a priacipal restdenoe.If thia SecurIry Insumm�is oa a �`
<br /> " �`� �� ` leasehold. Borrower shaU comply wi t h a ll t:t.�m v l s Ions o f t he lease. I f Bo:ro w e r a c q u i�e s f e e ti t��t o t h e P m p a ry, t b e �;�
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<br /> -� . .�� leasehold aa�the fee titte shall not merge imIess�ender agcees to the merger in wrIting. a..
<br />-. ?..Ptalertton of Lendes's Rights in the�ty.If Boa�er fails to perform the covenaats and�,.r-�¢ent�ca�ta6ned ia _-
<br /> � ,.�. .� ,this�aa�ciry lnsuument,or there is a legal pmceeding that ma�signif�cffiWy affect Lender's r�ghts in ttfiee Pra�pe►�a�y f�es e �_�� :
<br />- . .'� .Prooe�g m bankcupt�y,Pmbate,for coademuazion or fo:feiture or to enforce laws or regulations).t�I�x}des�da�nd `_
<br />_ . . '�� pay fo:whatever is aea�sary to protect t�e v��af tfle Pcapecty►and L�n?rra's rights in the Propest�.°-8eader's acdous maY �:__
<br /> .. • •� ffictade DaYtng auY s�s secured by a liea v�,,�:a;3 has prlorlry over this�rcurlty Iasauruent, aFPea�ing in camt, Pay�ng
<br />- . ';;.��.'� reasonable attomeys'fees aad�enteri3.�on the L�rcpeny w make repaiis.Althbugh I�nder may take act3on uader this pate$caph
<br /> . ;_;,:• , . �
<br /> .,,•t • 7,Leader does not have to do so. .
<br /> . pny amoymts disbwseA by Lender uader tl�is para8raph 7 ehall become additional debt of Bomower secured by this .
<br />- • Seaulty Instrnmen�Unless Borrower aud l.ender agree to other terms of payment.these amounts ahall bear iutetest from the ' -
<br /> '� � date of disbursemeat at the Note rate and s1tal�ice payable, witb iaterest, upon no8ce from Leuder to Bormwer requestiug -
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<br />- , • � . . ' A �S iortgage Insurance.If Lender required nor[gage;�mance as a candition of makiug the loaa secu:ed by thie Securlty
<br /> . lnstram:¢at, Bonower shaU pay t�e premiums reQuired to�intain the mortgage insurance in effect. It.for eiry reason, ihe
<br />- : `` mortgage insutaaoe coverage:equired try Len���pses ar c�asxs to be in effect.Bostower shaU pay the premiums re9uired tv .
<br />- ' � '. � , obta9n coverage substantialty equivalent to the�ortgage insurance prevtous�y in effect,at a cost suDst�ttiaUy equlvalent w the
<br />_. cost w Bomnwer oY the mortgage insurance previously in effect,from an altemate mortgage insurer a�roved by I.ender-IP .
<br />- suTosta�ally equivalent mortgage insurance coverage is not available,Horrower shall pay to Lender eac�m�nth a sum equal to �
<br /> � . oae-t�ftt�of the yeatly mortgage insucance ptemium being paid by Bonower when the ia�se coverage lapsed or ceased to � •
<br /> � . , be�n effect.l�ander wiU accept.use and:etain these payments as a loss reserve ia lieu of mortga�e insuraace. Loss resesve .
<br /> _ . ionn so48_ s�so__
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