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<br /> �, 5. Ha7aM or Pto I�urano� Borrower shall keep the improvement�s now exishng or he�iraft�t_etect�e3 on the .
<br /> , �`� .. �
<br /> • . . � property insured against Loss by fit+e.bazards inciuded within tIie te�m "exteuded wverage'and a�}r ather har�ds. indtidt�g -
<br /> ,,,5~ .�,� tloods or tlooding,for which I.eader requires iasusaoe.This insutaaoe shaU 6e maintained in the amounts and for the periods
<br /> °•�F `� `��e `�:'� tGat Lender requires.The insuraace carrier pmviding the ia.�urance s�all be chosen by Borro�ver subj�x to Lender's approvat ` .
<br />_ _ _ .� �..__,. � which sLa)!not 6e unreasonably withheld. If Borrower fails to t�i8intain covusge�esCn�ed aftuvG LeMet may.at Lend.°r's "
<br /> ��_ �
<br /> ,. � ''` option.obmin ouverage m p:atect Leuder's rights in the Property in axordance wi t h paiagrap h 7. < '..
<br /> :',�.�-^' AU insursu�poliaes and renewats shall be aoeeptable to Lender and sLaU inclnde a stsndand mortgage ctause. Lender `
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<br /> - :,s.� s1�all have the right to hold the policies and m.�ewals.if Leader requires.Bomowec s6all PmmptlY give to Lender a11 zece'apts of � •
<br /> °'v` :. Paid premiums and renewal notices.In the event of loss,Borrower shall give pmmpt mtice to ahe insuiamoe canier and Ixnder. T
<br /> - Leader may make proof of toss if not made pmmptty by Baaower.
<br /> •Unless I�nder aad Borr�wet otherwise agt�e in writing,insuiaaoe psooeeds shall be applied W cesooratiqn or�paiz of the ::�
<br /> =-=_��_ �= Rroperty dauraged,if tbe cestora3iou ar repair is emnomIrally feasibt�e and Leuda's seauity is not lessened.ff the t�estarat�on or E''-
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<br /> � � :.� �epair is noi economically feasible or Lendet's security would be fessened.the insurance p�oeeds shall be applied to the sttms � '_
<br /> . �• secured by this Sewrlty Tnmumgnt,whether or not then dae,arith aay ea�cess paid to Bomawer.1f Boscower abandons the . '-�" .
<br /> �� .,.,-� ` �P�Y,or does not answer within 30 days a notice from Lender that the insaraaoe carrier has offered to s�Ue a ctaim,then �-;r_�
<br /> ` •- ����: I.ender ma coI�ea the ins�uanse Leader ma use the roceeds to repair or restore q2e or w a sams �`.,.
<br /> . Y Fiocceds• Y P ��3+ P Y ff=-�.:.
<br /> `, �;�.',.�, se�nred by tbis Seauity Iastniment,whether or nat then due.The 30-day peria�w�l begin afien the notice is given. �.. .,
<br /> . . UNess Lender aad�orrow�r otHetarise agtee in writing, any aPPIi�vf praceeds to principal shall aot extead or `--
<br /> ' ., ,�;; postpane the due date of dte montW nts refemed W in hs 1 aud�or change t6e amo�o f t h e payments. I f �''n
<br /> Y PaY� P�S�P �::.�
<br /> , ., ,.� .,�..��, vhdes paragrapi�21 th�Fmperty is ac�ired by I.ender,8orsower's right to auir insatance policies and proceebs�esulting fmm �.�_--
<br /> d�ge ta the Pmperty prior to the aoquisiteon shall pass to Lender to the exteat of the s�ms secnred by t6is SBCUrIty Ia�trameut �.` .-_
<br /> • ^ ' �:�� . �!. _
<br /> ,--•-� :d- immc�riiatetY Plioi W tI1C 8cQt1i91ti0D.. " � .
<br /> ' �.: 6.Oawpandy.�t�on,Maintenance and Pratecttoa of the�coperiy;l'�o:rower's Loan Apgrlfi�2ion;Leas�oids. � �
<br /> • • � , Barrower shall occapy,establisli,and ase th6 Property as Borrower's principal residence within sixry days afrer the execation af �„�,:_-,
<br /> ..��;�� this S�rctY Insduraeat and shall ccr�iaue xo accupy the Ptoperty as Bormwer's principal resideace for at least one yeac after � °�""
<br />... . � ���;
<br /> .�._ .•..•:��: the date�E'accupancy,tmless Lender othe�wise agrees in writing,wluch oonsent shall not be anreasonably withheld.or anlcss c,
<br /> . � v ' T extenpating cuct�rses exi�t wlucb are 6eyoad Borrnwer's oonuol. Botmwer shall not destnay. d�age or i�2i�the� � _- -
<br /> ,` . 4 '•• '` '; Pmperty,allow the�ty fo deteriorate, or commit waste on the Prapeetr:.�orrower shaU be in defaWt if aby forfeitur� �-_
<br /> ' action or pruce�diag,�ther civil or criminal,is begtm tbat ia Lender's�f�ith jndgiment could re.sulE ira.forfeituce of.the __:
<br /> -Y .:. ".�E; :; Praperty or othemise matereaUy impair the iiea eceated by this Searrity Instr.�:nt or Lender's s�urity i�t.Borcoa:ES�aay � • .
<br /> y �:=-n—�---.' = as�r+e��s default and reia�sate,as�vided i�paragapte 18.b�an�the a�tion or praee�.fi..a.to bQ�ed wit�s!�dng �--
<br />. . �.••�.�'
<br /> that. ur Lender's gaod faith deter�a3tion, p:+eclndes forfeiwre of the Boaower's wter�u�:t��pzrtY or othcr material —
<br /> • • . >+ impairmeat o f t he l�en c c e a t e d hy t h i s S e c a r i ty l a r s¢m men t o r L e n d e r's s e c a�i t p i s�t e r e s t. B o i�w e r�I f a t s o b e i n d e f a u I t i f -�--
<br /> � � :`; �•�.. � Boaower,during tde l+oan applic�tion grooess,S��e materialJy false or inaccut^�infp�on or statesr.ex�ts tct Lender(or faited
<br /> � • to pmvide I.ender�with any material urL�nmation)in connection with the Ioan evidenceA by the Note,inclub?ng,6at not limited
<br /> � . • . �.:; to.representations conserning Bo:rower's ocsupancy of the Property as a princlpal tesldence.If this Sec�uity Insuument is on a
<br />-.'. : . = leasoho2d, Borrower �211 oomply with all the provlsions of the lease. If Borrower aoquires fee ritle to the Pro�erty, the --
<br />_ . `.�r feas�hold and the�fee ti�:shaIl not merge untess Lender agrees w the merger ir�writing. . __
<br /> • " � .. 7.Ptatettton of S.�nder's Rtghts in the Pr+operiy.If Bomuwer faiLs m g�eements wntained in
<br /> •.., • . �prm the covenauts and a
<br /> . . , `� ,; this Seauity Instcument:or there is a tegal pruc�eding that may si�ificantt3�5fect Lender's rights in tRe ProPertY(sucb as a —
<br /> � � '� �' "` gruoe�ding in banlc�ptcy,probate.4'or eondemnauoa or forfeitu�or to er�f'orce laws or r�egutatioas),then l.ender may do and
<br /> � , •�'l•'.•;� ,' �', pay for whatever is necessary w pmtect the vaIne of the Property and Leader's righta in the propeity. I.ender's actians taa}+
<br /> •� iaslttde paying a� saims secured iry a•lien which ha$ priority over this Secarity Ins�qment, appearmg ia court, payir�g _
<br /> - ` � �,; ieasonabte attom�.ys'fees aad enter3ng on tse Pcoperty to raake repai�s.Atthough Lender may take actca�nader tWs P�&�Pb _-
<br /> . . :; 7,iT.ender daes not have to do so. � % ` ,� -
<br /> ' .. ' My anwunts disbutsed by Lender under this paragraph 7 shall become addtdon�i'dt,�t of Botrower secured by thi� _ -
<br />— � � :� 1 Security Inswment. Unless Borrower and Lender�gee to other terms of paya►ent,these a�*annu s6a1.!�bear intemst from the ' ;� ._
<br /> = date of disbursement at tha Note rate and shali be payab2e,witt�interest, upon xiotice from Lender�to Borrawer reqaesting _
<br /> ,.. . .
<br /> _ - --= _ . .; Pa3rment. ... �.-_.
<br /> • . 8.Mortgage Lnsarance.lf Lender required mortgage iasurance as a oa�dI�on of makang the loan secured by this Security . �_,
<br /> . ;�'c�� ..., :. ' Instrwne�t, Borrower shaU pay the premiams r�equired to maintain the mortgage insurance in efFect. If,for any reason. We --_
<br /> �� :��;�1r��._'. ; mortgagt�insurance ooverdge required by Leader lapses or cRases W be in effect.Bormwer shall pay the premiums requiied to �, -
<br /> '° ' -� � ' obtain cavEra e substmrtiall valent to the mort y in e f fect:at a cost su bstaa t i a l ly.equiv a len t w t he .
<br /> S. Y� Sage insuranoe ptevious l
<br /> � , � cast to Sorrower of ttne mortgage insurance previously in effect, from an aIteraate mortgage insurer a�,sroved by Leader. If i�'' .
<br /> ' ` substant$2:Iy equivalent mortgage insurance cover�e is not available.Borrowes shall pay w Lender e�di�r�onth a sum equal w _'
<br /> . :'l�`�:';.• � �o�twefflfi of the ycarly mortgage insuranoe p�emium being paid by Borrower when the insmance coverage lapsed or oeased to . ��--
<br /> � :.,;+;��''� � � be in e�z�t.l.ender ariU aooept.use and.netain these payments gs a loss reserve in liw af sortgage insumnce. Loss reserve ��-'-°
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