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<br /> . � S.Huard or Pr�perty Inaurana. Hormwu shall kap the improvements now exist��or h e on the ProjxrtY
<br />.'� ina�rod�g�inu loas bY t�rO�ha�ds inctudod with��°►�+�"extencied covcrage" and uny nthcr h1�.nrds, including floods or
<br /> fioodin�,for which LenMx raluires Inswanco.This insur�nce shall ba matntainod ln tha amo�nts and for iha puiods Uiat fi.e�der
<br /> nquirw,'R�o insur�nca carrkr provlding the insutance shaU lae chosen by Borrower subjoct to Lender's epproval which shall not =
<br />�-�� bo unrwon�bly wlthhcid. If gorrowu faUs to mairna9n coveWg�dcscdbod'above.l�dcr may� nt Lcndu's opdon. obt�in _
<br />. ,� covtnga to protoct l.ender's dghts in the PropatY in acca�rdanco P�APf► e clauce. Le�►der shall
<br /> All insurance Policies and renawals ehall bo�ccepGibb tn Lendu end shall includa a standard mortB88
<br /> havo tha right co twW tha policies and renewals.If Lenda ce9uIres�Borrowcr shali promptly give to I.enckrr aU rocetpts of paid _
<br /> � :.;: premiums and renewel notices.In�he event of loss.Borcowu yhaU give pcomPt nodce to the Insursmce carriex and Lender.I.endu
<br /> • may m�lco proof ot loss if na,made Promptly by Borrower. s�������n or npair of the
<br /> • Unkss l.encfer and Barowu otherwlse a�oo ia wrldng.insnrar►ce proceeds
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<br /> properiy da�rttged.if tha restoratbn or n�air is xc>nom�slly feasibk end Lender's secuciry is not kssenai.If the restoiation or
<br />..:L. ..�, ., shall be applied to d�c sums
<br /> � repdr 1�not economicaUy Eeavibk a Lcnder's securlry would be ksscnod,the insunu�ce ixoceeds
<br /> .. ' ".; seaued by thLg Secudsy Ins�mu►t, whether or not then due, with any exces�paid co Borrowa. If Borrower abondons the
<br /> ' ' Pmpeety�a does not answa within 30 days a noflca from Lender that th�insorance carrlu hes offered w settle a cleim,th:.n --
<br />= '� ���'��' Lenda may nso the proceods w npair or restore tho Property or to pay sums secwrcd
<br /> � ` Y,,�,.. Ltin�et may coUect the instu�nco procoods•
<br /> by thi.y Securlry Instrumeut,whether or not then duo.'The 30-day(xrlad wtll beS�n when Ihe nodce ts givea.
<br />"�c' ;' � Unks9 I.enda and B�xrower othuwlse agrx in wridaB.aaY eDPlkaWn of proceeds co principal sha11 not eatcnd or postpone
<br /> . � the doe daus of td�e monthlY PaYmenls nferrod�°3�p�S�P�s 1 and�or change the aawunt of the paymenis.If unda Parn�r�h
<br /> ° resaldng from d�mn,ga to the
<br /> :'; r•,'' � 21 the Propa�Y i�ocquiced by I.ender,Barowu'a dght to ony insurance polldes aud P[ocads
<br />,;'�v`�"� ' �Y P����luiqltion shall pass to L�ender to tl►e extent of tha sums sec�ted by thls Security Insnume,�t lmmediately
<br /> �' �t0�°���' Borrower•a Lo�n Appl�tbu;Laisebolds.
<br /> ,..,. f.Oocupaecy�Pre�erv�Non�Mai�teaance�od Protection ot tNe Propertyi
<br /> '. Aarowa shW occupy,esut�itsh.end ase�he Prope+tY ag Bamwa's principai residen�x withia sinty daya nffta�ha oxocuti�an of
<br /> :;.:�,:�; ub � residence for at lcast one year afta the
<br /> - ��. ��}.c�r��riey In.ctmsnu►t and shall continue to oocupy the Propaty a4 Barower a P��A�
<br />-"y:::�."��. d�te of occupancY. unks�I,uxler othawix a�COes in wridng, which consent ai�aii no�be u�u�ly wi'S�ls:.ld.�r unl�°
<br /> --==``.L�;. oa�enuuing circwatttncw ea�ist which pre beyond Barowu's control.Borrower shall not destroy.damaBe a impair the Propa�ty,
<br /> 1���� a l l o w �h e P r o p a t Y w detalorate,or canmlt waue on the PiropertY.Barowu si�ll ba In default if ony forfciaue acdon a
<br /> ---_-� procooding�wheUKU civil a crlminal,is bagun ttu�t in f.aida's good feith judgment could resule i n f o r fe idue o f t h e P r o p a t y a
<br /> -�==="�'� othawLte m�terl�lly impeir the Ikn creatod by this Socuticy Insttumu►c a L�cla s socuri� dismissed wlth aarull g ttwt.fi
<br /> -=-= default�ad reinsWa�a9 pcovided in pacag�raph I8.by c�usin8 the acli�on a p�oceedi�e8
<br /> �.,—,,��,a�,� I,ender's good faith detaminatLon�Prock�iea fcxfeiwre of tha Barowa's intaeat ta�tho Pmpaty a oU�a m�talal impairmait of
<br /> :�•„�� thc lia�cre�tad by thtg Soru�ity Liswman cx I.a�da's socurity intaast.Borrowar st�ll alsa bc fn default if Barowa.d�ng tho
<br /> .�°.�'°�.?� ian�ppl�tian Pcocess�Br+e mataiatly 61se a inaccurat�infonnada►or atataneats w L�der(or ft�ilod w provkb I,��wlth
<br /> --•-� any met�ryl Wa�m�tion) in connxtia► with the ban evidet�ced by the Note, including� bnt twt limitod w. t+epresenndons
<br /> ----_-- concqnin�Bamwa'e occ�ncY of tf�e Propaey a9 a pnncipal residence.If this Security Instr�meat is on a lea9chold.Borrowa
<br /> .—...= slu�ll oomP1Y wlth dl the ptovisiona of 1ha ka9e.If Borcower acquires foe titb to thc PropatY,tho leaaehold�u�d the fee dtb alull
<br /> , not maga unkss I.ender agc�xs bo tha m�arBa in wrlung.
<br /> 7.Protectio�of I.ender'e RlLtts(n the Property. If Barowu faiLn a perf'orm the covtnants and agroements contained in
<br /> ..~s-� this Soc�ritY Inmument,a tt�em is a kgal procoodln8 that maY si�candy nffect L.endu's rlghts in the Pmpetty(such a9 a
<br /> ---°�'�"'� procoedinQ in 6�rupleY,pnb�to,for conda�u�odon oc forfeiture a w enforca Isws ar reguladons).dKr►Lenckr may do And i�Y
<br /> --�'"� far wluwever is nocGwrY to P�otoct tAe valua of the Propexty s��d Lendex's rlgb4s in the Property.Laxla's acdons may includa
<br /> °�•�%r��� P�Y�B aay swns sxured by a lkn which ha9 prbrity ova tt►Ls Seciuity Inso�uma�t,aPP�B in court. 1�Y�B�bk
<br /> °°`'_v.= xwmeYs'foes aad anteiing on the Propa�ty to make repairs.Although Laider may take actinn undcr this paragr�ph 7,Latider
<br /> —��..,,��;is das not luve to do so.
<br /> •:�r=.�—= My�nouo�disburaod by Lencki undet this paregraph 7 sh�ll become additia�al debt of Bormwu sxured by this Secutlry
<br /> :.�z_'��, lnsuumee�Unkss Barr�owa�ad I.onda agroe to e�t}Ki cams of paymait,these amounts ahall bcar intacst from the d�te of
<br />— v��� dlsbursemait at Ihc Note rate and shall he payAbk.wtth intens�upon notice from La�der to Borrower tnquestinB P�Y�G
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<br />�-•, �. .=;�_. 3.Mort�a�e I�euraace. If I�der required moctg�ge insur9rx:e�a conditlon nf making the loan seciuod by ihis Sx ry
<br />- � . Inst�umznt, Borrowu aiull pay tho p��ani�uns requirod co mainmin the mortBeBe insurance in effocG If� for any rea�on� the
<br /> • moctgege insurance covenge required by Lend�x 1�w or oeases w be in effect,Borcower shail paY the premiums re9uiced W
<br /> obtain wvexage subsmnti�lly oquivala►t to the moctgage insurance previously in efEect,at a cost substantially oquivnkat in the
<br /> � oost io Banowet of the moctgago insur�ce Ixevio�slY in etfcet, imm an alte�rnat�mortgage ins�.mx approvod by I�.If
<br /> � • .� �� substanti�lly Wuivaknt moctgsge inswance covrrege is not avaifabb,Bomawer shall pay w Lenda each month a sum equal W
<br /> � orte-twelfth of the yeady morgege insurance premium being paid by Bocrower when the insuranca covr,rage lapsed or cea+ed to
<br /> ' be in effec� Lenda will accepb use and retain th�se paYments ag a toss c�.scrv�in iku of moetgage insurance.Loss reserva
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