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�' � �,. _ . . .. �.,' <br /> � y{__ .«.��..�.�.fTri�- _ .-__ <br /> gg_���ss <br /> S. �rd or Property Insunnce. Borrower shxll keep the impro��ements now existing or hereafter crated on tha <br /> Property in�ured ag�inst loss by fro,hazards included within the ternt "extended coverage" u►d my oiher t�axards, including <br /> tloods or flooding, for which l.endar rcquircs lncuru�ce, Thia insurancs shall be m�intaineci in the unounts end for the per[e+d: <br /> th�t l.rnder cequire�, The Inauru�ce curier providing tha Insuru►oe sh�ll be choxn by Aarcowtr wbject to Lender's�pproval <br /> which shall ncx be w�rcaaunably wlthheld.If Borrowsr falls to mainuin cover�ge desctibed�bove, Lender may,at I,ender's <br /> option,otwin coverye to protxt Lender's rights in the Propeny in�ccordance with pangraph 7. <br /> All Inwnnce policies and rcnew�la shall be �cceptable to Lender and sh�ll include a stundud mongage clause. L.ender <br /> �hell heve ihr. right to hold the policies and renewals. !f l.�ndcr requises,IIorraa�er sh�ll Qromptly ylve to L.cnder�II rcccipts of <br /> {uid prcrNumi�nd renewtl no�ioes, ln the event of lou,8orrower shall give prompt natice to�he Irour�nce cAnier u�d L.ender. <br /> Lender m�y m�ke proof of lou if not made promptly by Burtower. <br /> Unleu Y,etK1Gr a�d Borcawer otherwik�gra in writin�, iniurur.e pr000eds sh�ll bc appliai io restoration or rcpair of tho <br /> Property dunaied. !f tbe ratoruion or rep�ir is economlcally fe,�sibla�nd Lender's aecuriry is not le�sened. If the ratontion or <br /> npair is not economically feaaible or Lsnder's eecurity would be laseaed, the inaur�na procoeda shall be appliod to the sums <br /> secured by thit Security InstrurtKnt, whether or not then due, with any exceu p�id to Borrower. If Ba�wer abandons the <br /> Praperty. a duet not antwer within 30 daya a notice from Lender thu the insur�na curier h�a offered to settle a claim, then <br /> Leada m�y collect the iiuurance proceed�, Leader may use the proceeds to rePalr or reatore the Propeny or to p�y sumt <br /> �xurod by this Security Inununeat.wdether or no1 then due.The 30-0�y period will begin when the notict�s�ivcn, <br /> UNeu Lender uwi Borrower aherwiae agroe in writing, any �pplicuion of proceed� to principil si»It not extcnd or <br /> patpope tbe due c1�1e of the monthly paytaeaW referced to in paragrs�hs 1 and 2 or chu�g�the unouat of the p�ymrnts. lf <br /> under para�rsph 21 tbe Property ia acquirod by Lender, Borrower':ri��ht to;u�y iruunnce pollciea u�d procuds rtsu[ting from <br /> duna�e tc�ihe Propedy prior to the acquisition sh�li pau to Lender ro the extent af the surns secured by thic Security Instrument <br /> immediately prior to the acquisitbn. <br /> i.Oeap��y,h�aa�v�tioa,M�latenuce and A�otectioa ot tb�e ProPa7y; Bo�rower's[,o�e Applic�don: I.ca�ehold�. <br /> Borrower�6�11 occupy,esablisd,and use tLe Propeny�Borrower's priucip�l raideace within:ixry days after tbe executioa of <br /> t6i� Securiry Insuumrnt uid siWl oontinue to occupy the Pcopery �u Bornower's princip�l resldem for af.lwt ane year�fter <br /> tAe d�te of axup�acy, unleaa Lender otherwiaG a�rees in writing, which conta�t stWl not be unreaonably withheld, or unlaa <br /> eu�u�tinj circum�r�ea exiu which an btyond Borrower's control, Bomower th�ll not deauoy, daroaae or imp�ic tlu <br /> Propaty. dbw�6e A+operty W deterionte,or wmmit watte on the P�operty. Borrower ahall be la dehult if a�ry fo�teitun <br /> actioo a pooeedin�,wbe�her civll or criminal, is beQun tlut in L.ender's good fiith judtmrnt could rault ia forfdture of the <br /> Ptoperty ot othawi�e zaaterially impair the Ikr►created by thia Sxuriry lnsuument or L.ender'�security intereat. Barower miy <br /> ac+e wch �defi�ult aad reinstate,�pcovided in{wagn�ph 18,by ca�win�the action or proccedWg a be Aismi�ed with�culiag <br /> :k::. ia :..:�3.:.': ga:� f:isii :e:e.-�iu�i�w,,�ia'w:Iiitics �v�c{riifc aii ti,e 8vnvwer's iaia�ac in iiu Fivporiy v�oiher maariai <br /> impairme:r of ibe lien cre�ied,by thii Secudty Iastrutpa�t or Lender'i�ecurity intem�. Borrowa sh�U alio be ia default if <br /> aorrower,durio�tbe k�o�pplicuion Qroceu, �ave mueci�lly f�lae or inaccurate informuion or streeae.�ts to LRnda(or failed <br /> to provide l.�der wit6 any cnuaiai iafonaxion)in connection with t1x loan evidaroed by the Nnte,ine2uQln�,but not limited <br /> to,npm�atatiao�r000ernln�Borrower's aaupmcy af the Property iu�principal raide�ce. lf ttiu Secudty Imtrumeat is an a <br /> laielwld. Bortnwer�6a11 oomply wiU� all ihe provisioqs of the Iwe. If Botrower �oquinx fa titk to tbe Prope�y, 16e <br /> k�a6old aod the feo utk abaU not maje unkss l,ender�rees to the maeer ia writic�. <br /> 7.Plnteetlo�d I.esder's Ri�W in tre Propaty.lf Borcower f�ila to perform the coveo�ats iod ajceemeots oonuined in <br /> th� S�wriry lmauurat, a there is a le�al proceedin�that may:i�nifiaady affect L,ea�der's dehu in the Properxy(wch +n i <br /> � proceedity in b�ekn�poc,y.probMe, for cordemaation a forfeiturc a w eaforoe lawh or c�etul�tion), thea I.eader au�y do �od <br /> pry for w�teva is neanuy w praect the value of the Propaty aad Lender's rijhta ia the Pnopecty. L.e�Aer's utiora aury <br /> jeclude p�p�inj �oy wma �ecured by a liec w6ich hn prioriry over thi� Security Intdument, +�pP�� � �� WY�i <br /> n�on�ble xtarays'foes u�d entcrina on tht ProQerty to m�lce rcpain.Althou�h Lender mry taice�ction nnder tha puyr�ph <br /> 7,l�mder docs not tuve to do so, . <br /> My �mounts disbur:ed by Lp�der under thi� puagr�ph 7 :hall become �dditiorW debt ot Bortpwdr recwed by 1hls <br /> Sxurity Imuvment. Unleas Borrower�nd 1.erWer a�ra to other tCtms of p�ymrnt, �hae ur�ouna�Gall beu intera� tmm tlu � <br /> d� at di�6uc�ema�t k the Nae rate cud �hall be pay�Me, with interat, upon tatioe from L.e�der to Bonrwa roquesting <br /> pryment. <br /> �.Mat�e L1wr�nee. If L,ender required mott�e insurmoe�t condition of mdcin�tde ian socu�rd by t6is Security <br /> Intiumeet,Aorrower aitall pay the ptetniunu rtquirod to maintain tha mort6age iawruioe ia otlat. lf, tor�ny rcawn. the <br /> m�xt�e imuruioe oovenge txquirod by t.aider I�p�es or ceases to be in efFxt,Borrower=h�ll pty the premiuma te�u6rod to <br /> dbtain ooven�e wb�unti�llY equiv,�l�at,to the motta�e insurance previously in effect. at a cat subtaatially equivilemt ta the <br /> cat w&mawa o�f the mort�a�e in�iru�a prevbusiy in effect, from�n �ltemue mort�age insurcr approved by Lender. If <br /> . sub�taetially equivaleat mort�e inwr�nce covettge is not�vs,il�ble,Borinwer�hall pay to L,h�er each awatd a sum oqual to <br /> oae-tw�dith of tbe yariy rmrt�ye insurance premiuin being patd by Borrower whrn the insurance wvGrqe Iq�ed a a�ued to <br /> be in effxt,I.ender will aceept,uie and retaln tt�ex paymrnts as a#oei reaerve in lieu of mort�a�e inaunna. L,ou raerve <br /> Foe..��02� sHo <br /> . �-�MNQ iss�z.o2 r.o.o a s rwwr: <br /> ��/�.�t:�� <br />