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<br /> " ' ` � �° S. �or Yrog�dy Insnsuur� Baaaw�r st�all keep the improvem�nis now exisdng or he:eaRer e�cted on 4he �
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<br /> . •.;� t groPerty►�sa�sg,a�t toss 6Y Sze.haz�ds insludet'!within the teem•exteaded wverage°and a�r other bazarIIs.insluding
<br /> ttonds or Snoding,for whic�Leader cequires�saa�e.This inssuaace shall be maiataine�in the amounts and for the perIads
<br /> ���° : _•=�'°�: tb.�t Leader reqai:es.'ll�e Iasac�re canier pmvlding the insarance shall be c�osen by Bo�n+owet snb}ect to I�nde�s appravat
<br /> —�,�---T��` �wt�sT�au aot7�e�onaDry witLbela. tr Saaawer isus m�c�veiags�io�d aoave,i�r may,�Z.�='6 � _.
<br /> ` ���;�4. opsion,ol�rain oovcrage w prote�x Ltxtder's�igbts in Qa�PtoPettY ia sr.cardanc�witb paiagrapD 7. �, ±.
<br /> } �� . All insur�oe pot�cie�and cenewals ehall be acaeptabie to Leuder and sball iaciude a standatd mortgage clause. I�er ,�.
<br /> en
<br /> � � s�aII Lave the rIght to hold Bie policies and zenewais.If L�der�eqaires,$azrower shaII pmmptiY gn+e to Leader a!t�eeefpts of i
<br /> . � : aid mad rene�val natices.In the eveut of Iass,Bomawer shall give prompt aotice w the Insmaace carrier aad Lender. �( `
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<br /> L�termay makepraof of ioss if not made PmmpttY t+Y Homawer.
<br /> Uatesv I�der and B�auvvcz otherwise agzee ia writing,insumnce gsaceeds aball be appl�to resta�ttan or repair of the
<br /> . . ' �P�Y�8�+if the�e.swr�iton os repair is ewnomicaUy feasible and Lender's seauity is not Iesse�d.If the�storai�on or ..-
<br /> . . � tepair is aut�onomis�lty fea�tble ar Iead�r's security�+muld be tessenr�,the insutausx pmceeds sLall�a�splied to the sums ..�-
<br /> � . ; . sewsed hy this Sec�ty tnstcume�t.whedier or not the,n d�e.�th�3►ex;c�ss paid w Boaawer. If Eoaawer ab�dnas Qte
<br /> P�Pert3►.or da�a aoi anawer within 34 days a notiee frnm]r�der thaz the insurance carrler Las o ff e r e d to s e u te a e l a i m,d� �",
<br /> . . �:�`5 .Lender nse the raceeQs W or restoie ttte Pmgerty or to pay sams �".�.;
<br /> ,....;. ; Irander maq collect the insar�ae Fmceeds may P � _
<br />_ , � - s�hy'tvis Serarity lnstnmoent,•wbether ar aot then due.'li�e 3aday perfod ari11 begia whea the notioe is given. •
<br />��. ��' '"� � ' Unless Ir�der�d Botrower othe�ise ag�in artitiag,anY $PPlic�at�m of prooeeds w p�iac�pal s�all not extcnd or
<br />_ � . ., postgone the dne date of the raaatbIY paym�ts�to in g�ba 1 agd 2 as cbange tt�amomg of the paym�ats. If •-
<br /> .. �';�.r . au�er pa�a�taph 21 the Propen9'is saNfired b3►I�der,Bormvr�t's riglu w any instnance pnl�cies and pr�ceeda resaitmg fron►
<br /> -�`..�,�..--._��:�.: damage tu the ProP�►P�or w ti�e x�q�oa sbalt pass w Lender w the exUeat af the sams soc�ed by t8is 3e�vrity Insnaaaeat
<br /> . . ' � immediatety prlor to the at;qaisition.
<br />_ , 6.�tic�+.PYreservsNan,Mainteasnee a�s�Febtedfaa of the Propezi�;Bnrrovm�s L4a�n ApplIrat[on;Lease4�oIds.
<br />- , .�'`, as Borrowec's residence withiu days aft�r the exerut�on of
<br /> , Bonower shall ocarpy.�1ish.aad use the Pmperty Prmcipal s�ctY
<br />- .._.:. '• .`-. @iis Security lasttnm�t and shalt c�e w aca�py the Pioperty as Bomowes's principai�dence for at least one year aRer • ,
<br />_ �.`:� :{ the da�of oerupancy.uNess Lender otheiwlse agi+ees ia wruiag,vrtddi cons�t shall not be unmasanably wiithbleid.or un2es4 ' �.`
<br />= . - :. e�g c�stances e�ist which ane beyon�Sormwer's cantrol. Borrower shall not destray. damage or impair the . .
<br />� , Piogcaty, allaw fhe Ptope:ty w deterIomte,o�a�t wa§te on ttie Praperty. Bo�roa►er sHaall be i a d�f a n l t i f any f o r f e itiue
<br />- ' �,� ';';; ac�ton os gsuoeeding.whether civi!or criminal.is�sgun tha�ia Leacter's good faith;udgmeat eauld re�oIt in forfeatunt of the
<br /> - .� + Ptaperty os aihecwtss maieiially impair the 1�n caeate�l by thia SceauIty Iasom�ent or L�ende�'s seco�iry lnte�st.Barrac�er may
<br /> - .�, . � , , ; ` ''i .tuce sach a defauls mmd reiastate,?a Prmdded ia para�Caph 18,hy cansiag the setion or pmee�i:��to be dis�aissed with a znling
<br /> . that, ia Lender's good faith determinatinn, precindes farfeitace of the Boma�ver's interest�n the Pmperty or other material .- ,
<br /> . ,';; .;�� '; .impaitment of the Hea caeated by this Seauity Lr•snnn�*±�++t or Lender's sec�n¢g�uutetest. Bomower shall alsn be in defaWt_If
<br /> '�- ..:t:.-.; ' Borrower.durlag the lqar►agPUeatian Pmc�ss+gave�e�allY fatse or ivac�informat�on or statemeata m l:ender(or fm'�ed
<br /> Y� � �;� w grovide LeaBer with aay mazerial info�matlon)ia connecaon wlth the Ioaa evidenced by the Note,ineIuding.b�u not timited
<br /> . � . .�,� to.rePirsentations wnc�ming 8orrawer's accapancy of the Property as a prmcipal m,sldense.If this 3ecurIry Insaame�t is on a � �,l.
<br /> : ,� leasehold, Bortowet sball comply with a11 the pravisions of the lease. I�BomuweY acqnires fee dtle to the Pmpetcy, the .
<br />�� . ' "`;: • 2easchold aad the fee title ahall nut merge unless I�nder agrees to the mergex ia writin$: .
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<br /> : .,r:. 9.P�vle�tton of Le�aQgr'�It►ghts in the Ptope�►.If Bormwer fails to perfarm the covenaats and agreementa oontained ia .
<br /> . � ., `' � tLia Securiry Ia�9uumeat.ur thece is a tegal Droceeding tLat maY�S��Y affect Lender's ijghis in the PtoPertY(sucd��s a .
<br /> - ' p��g�b�P�Y.Pn►bate,f�a caademnatton or for€eit�or to enforee lawa or:egs3at�ons),then I.eader may do and
<br /> - `.:. `-, �.:: ��... ��'' pay for whatever is necesqary ta pmtect the valne of the Propeny aud II�er's rights in the Property. Lendei's ac�c�may . -
<br /> - . �� P� �Y sums secmred by a lten wLir� has psiorlty over�s Sz�auiry Inaua�m�b aPP�$ ��• PaY�
<br /> _ � . .. rsasonable attomeys'fee.s and entes�ng on tlie Pmperty to make repairs.Alt�mugh I.endc�r may take actim�nster this para�raph
<br /> . 7,Leader daes uot have w do so.
<br /> ;° � � ; . puy amomus disbwsed by Lender under this pa:agraph 7 ahail became addittonal Qebt of Borrower securr.��y tUis
<br />-°�::� . :. � � .:. i. Ser�uity Iasuument.Un2ess Bonawer and L�ender agree w other terms of DaYment,these ammmts sLall beaz interest from the -
<br />_ � date of disfiusement at the Note rate and sball be payab2e.�vith interest,upan natice from I.ender ta�ormwer requesting
<br /> : . . D�►ent• �
<br /> - ' �� � a.Mprtg,age Insivance.If LeaWer requi�ed ciortgage ins+�aace as a ca��itton of maYing the loan secared by Wis Security -
<br /> '. ' z Insuument. Bnrmwer shall PaY th�gremiums recN9red to matntain the mortgage insuranc$in effect. If. for any reason. the �
<br /> ��. . , , mortgage lasaranae cove:age required by l,euder lapses or ceases w be in effect,Borruwer sball pay the premiums required to .
<br /> � . ; obiain cavetage sutsstantially equiva2ent to the mort�age lnsurance previpus�Y in effect,at a cflst substaniially equivaleat to the
<br /> � cosc to Eormwer of the mortgage 9asuraace pieviously in effoct,from an�Ftsmate mortgage insurer approved by l.eader. If
<br /> :� ' �; sutrstantlalty equivalent mortgage insntance cove:age is not available,Borcower shall pay to Lender eac2�month a sum e�quat to �'
<br /> ° � on�rw+elftb of the yearly martgage insurance premiuia being patd by Boaower when the insuraace caverage lapsed or ceased to '
<br /> � . . be in effect.Lestder alll axept.use and retain these payments as a toss neserve in lieu of mortgage Iasutance. Loss reserve ' '
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