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<br /> '" Fus� BorrnWei Shall tbe impravemeats S ..
<br /> 5. Hazard ar l'i+o�ty
<br /> . �P�Y���Iass bq fue,bazards inciude�witisin dre te�"extended coveiage"and any other ha7ands.iacInding ��.N`
<br /> `' :, . f3oods or fl�ding.for wluc6 Leader requims iasurance.This insumnoe shall be mmintainea in the asnow�ts and fos the periads
<br /> '`;� ' a�,,,�*��,�,„,�p�{�+y T�,��.�����p pmvidiag the insuYaace shall 6e chosea by Bouawer subject to.Lender's approvat . .°�_.'
<br /> .-F . '��' �tlGi i+GtWZi��ry..»�... lilf....Y.aW�w�r� - .
<br /> nabl withhcid. If Borc�wer faiLs to maiatain ooverdge descn'bed above, I.eader maY. at i.Eader's �:=T�:
<br /> . �,:. wIuch shall aot�be unreaso Y p gcaph7. . , ��:�''.
<br /> . - , ;. . option,obtaia oove�age to proteatll�nder's rights in the Property.ia accardance with aia .,.;`
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<br /> � qll insmance policies azcd renewals sha116e acceptable to Lender aad shalt include a standard mortgage�la�se. Lender :�;,` ..;4j
<br /> �,�J�. �'�"'�;� ght to hold the golicies a�d reaewals.If I.atdEr reqaires.Borrower shall pmmptlY g'�ve to�ander aU rece'sPu of _
<br /> •` sf�ll 6ave the ri r
<br /> -..- �`-:�r, P�P����rat aorices.In the event of toss.8ormwer shalt give Prom�t notice to the insurarn�canier and Lender.
<br /> Lendet,may make praof of toss if not made pmmptiy by$orrawer. �, ..
<br /> � - Unless Lend�r at►d Boaower oi}►erwise agree in writing.insutaace procee�s shall�be applied to restorstion oz repair of the ���.,_:.-
<br /> � � ' . 'praperty,damaged,if the restoration�or r�pa'sr is eoono m i c a l l y f e a s ib l e and Leader's secoriry is not lessenal.If the restoratioa or �::,`,�=.�
<br /> ` -� ``. .; t wuuid belessenod,the insilra�ace Pmceeds shall be agplied W ths samc�` '�* .",..-
<br /> ��;� .'� �.-.« *ePair is nat.ecottomicxllY feas�le or Lender's seattitY �";-`-'m'
<br /> � •[ `.seciued by this S�urity Instrument, ahet�er or aot then due,with a�y exces�paid w Bormwer. If Borrower at�andons the e =:�:
<br /> � psoPert�►.or do�s not answer arid�fm 30 days a nut�ce from T.eader that ttte ins�u�3tce cartiet has offered ta settle a claim,tfien,
<br /> ` r ma nse the ca�ds to repair or mstore�the PraP�Y���PaY � ;
<br /> ::•��' Lender�y collect the ins�ranse Proceeds• L�nde Y p�°
<br /> • secured by tbis 5ecurity Insu�+wheiher or aot thea dae.The 30-day period will lsegiu whsn the notice is give,n. . ' ,j_•.
<br /> . ,� m writing, �nY sppliption of groceeds to principal shall not extend or --
<br /> � ';�• Unless Lender and Borrower otheiwise agree ' •��r;:
<br /> .. �':~v:. ';,' o one the due dane of the monttily payments referred to in paragrapbs 1 and 2 ar cl�ge the amount af tke payiaents. If .: ,.._
<br /> . , �. ' •; P �P h 21 ttu:PropertY is aaluired bY Lender.Hamnwei's right tn any insu�'.�ce policies and pruceEGa ses�ltmg from ��:.'--
<br /> �,�:: " under patagtap s�-�` �"
<br /> ' �� � ::, ; ' damage to ihe�ProP�Y PrIar to ihe acqwssuon shall pa�s w Lender W the e,uent of the sums secured 6y tbis Securety�senunent .
<br /> � �
<br />- � `'`: •.`. � immediately prior to�thhe acquisidon. �-�
<br />- •<;�` �:.: �.Q�panc�,Fmse*vatfon,��nce sad Ptoter�on of 41�e Prope�ty;Borrowe�s Loan Ap�Hcation;�.easeholds. __
<br /> ���: . n of �,.,.:
<br />- . - °. Botrower shall oa�xpy,�stablisb,ar.3 use tt�e Pmperty as Borrower's prinsipa]residence within suctY days after the execatiu �iT-.
<br /> te
<br /> ' �- ' . this Sec�rity Insorumeut and shall continue to oxupy the Pcoperty as Barrower's principal r�sidence for at teasc one year af�et �.__.
<br /> .�'`.�. ..�, '. ;�`,'�� the daze of accupaacy,uniess.Lee�rr atherwise agr�es in writing,wiuch consent shaU not be unr+,rasonabiy withhetd,or anless �.�Y
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<br /> 1 � �:;,, . � extenuating circumstances exist d'�:ich are 6eyoad Bosrov�er's oontrol. Borrower shaU not desUroy, damage,or impair t�e �:..:
<br /> $orrotver sball be in de�anit if auY forfeiture . �•..
<br /> .. �.:-''` ProPerty+•aliow the Pnoperty to detetio=ate,or cammit waste on t3�e Property. �r><<.
<br /> � aaion or pmcee�ing,whether civil br criminal.is begim that in Lender's good faith audgment cuuld re.svlt an forfeit�re of.the �y,:-
<br />^..' °� , or othenvise mat�riall r the lian cteated by this Sectulty Instwncut or L�eader's security iirterest.Borrowet may ---
<br /> ; ,',; .. p►'�PertS, y� ed with a ralin -.�.:-;_
<br /> � ,',:•.;.-�:'��� cure such a defmilt and reinstate..as provided in paragr'aph 18,by cansing the ac�ion or pracerd'm8 ta be dismiss S ---
<br /> . - ;;�,: . � tHat, in Lende�s gaod faith determinaSon, precludes forfeidue of the Bor�ower's interest in the Praperiy or othu mater�ial --_---
<br /> '`,";'t,.
<br /> . `:�Y. .: impair�aent of the tiea created b�tivs Security Instiument or Lenster's security ir►tere.st. Borrower si►at!atso be.in defaul[if ���
<br /> .. " ' Borrower,dudng the loan applic�ma pmcess,gave materIally false or inaccurate information or statements to Lender(or failed �.
<br />..•� . - '-�,. �t,
<br /> � � to�rpvide I,ender�yith any material infos)nanon3 iA COan�On���e loan evldenced hy the Note,including,but not limited �•s�
<br /> `��.� �_ '°..��_•�� , , to.tepreseutadons co::cemmg Borrower's occap�.^y of the 1?�'opertY as a Princ�Pal residense.If this Security Insuumeru is on a _�--
<br /> 4 ``:� �ease�:d, Bottower sball camply with aU the provisions of the lease. If Borrower�quires fee tiile to the�YmpertY, the � _!
<br /> ' •� • leasehotd aad the fee title sh�l not merge unless I�►der a�to the merger in writing• �___
<br /> � � �.Frotecbion of I.�ader's Rig6ts in the Ptoperty.If Boirower fails to perform ttte covenants and agneements contained in �;;..;...
<br /> . � • tius.Setvrity Inslrument,or there is a legal prooeeding that may significaady affect Lender's rigtiLs in the PropertY(such as a �„._,._.-
<br /> .�``' . . :_ PIac�dmg�n banlauptcy,probate. for condemn�an or forfeiwre or to eaforce Isara or regWations),then Lender may do and �s_�= _.
<br /> • _ .. ' , pay for whatever is necessary tc>&n'otect the vaiue of�the Property and I�ender's rights in the Property:Lender's actions may �__=:-
<br /> ,'• � ' •• � includa paying any.stuns secured bY a uen w1�ch has priority over this Security Insirament; appearing in oourt+ Paying � ___
<br /> � cu
<br /> •� , rs.,A]thoif Lender may take action under this Paragraph
<br /> .�, ..�:.:: .� . � reasonable attorneys fees and entering on the Property to make repai Sh ��
<br /> �...:: � 7,Ixnder does not 6ave w do so. � • T '
<br /> .;� ,
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<br /> � . : Any atifouuts 8isbursed by Lender under this paragraph 7 shall become udditianat debt of Bvnower secured by a �,y.___
<br /> '�,...'�
<br /> Security Insaurnent.Unless Boaower and Lender agr�to�other terins of paymeat,these amounts shaEY bear interest fmm the
<br /> � � � date of disbursemerit at the Note rate and shall be payable, with interest. upon notice fram I.ender to Boaower requ�stiag . ' .=��r:
<br /> �. , • . . . �u
<br />:�„ �• �. • , payment. . t ti:..-
<br /> � . �.. . - B.MoRgage Iasureace.If Lender tequired mort�age insurance as a wndirion of maDcing the loan secured by tUis Securiry �.�._'.
<br /> `: ' . . ` � � Iasuwnent. Borrower shall pay the premiums rc9uired to maintain the mortgage insurance in effect. If, for anyr reason, the =:,
<br /> �'� • ,� � mortgage insurance coyerage required by Lender lapses or ceases to be in effeci.Horrower shall�ay the premiums required to �:..:-
<br /> °�.`' �:.,,,r;, � valent to che mortgage insutance previously in effect,at a cost snbstantially equlvatent to the -
<br /> . obtain coverage substandally�egui
<br /> ' .�•:� � . � �ost to Borrower of the martgage iasurance previously in effect. from an altemate mortgage insurer approved by Lender.If
<br />-�:_--_ _;_- ����{y�quivalent mortgage insurance coverage is not available,Borrower shall pay to Lender each month.a sum equal to
<br /> � or��welfth of the yearly mortgage insurance premium being paid by Borrower when Ne insurnnce covetage lapsed or ceased to --
<br /> � be in effect.L.ender will accept,use and reiain these payments as a loss reserve in lieu of mortgaga insurance• Lurss reserve
<br /> .. � . Fortn 3028 9190 •
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