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<br /> �`� s_: -.�' .<;< 5. Hazard or Prup�ty Insvranc� Borr�wer shall ke� die impmvements aow existing or hereaRer eiecxed on the ,.- :<J
<br />. � 4,�' �' `,t c . �C[LSt IIDSOICd 8$S3IISL ZOSS�j/�', �S 1ACittdEd W1IhiII thC t�[1II�C)(IC�(�Cd CbVP.18$2"8IId�II}/Oi��S.1IIC�11�II$ '.;��';.:.;:
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<br /> � t100dS 0!$OO�L$s fOZ VYhiCh L�t�Ci IBQID��Ii30yI�8II�C.1�IS tLStlt&IICC 5�211 bC ID�p��III tI1C 2II�lI�S 2nd fOf thC p�[IOdS .��_'�._.
<br /> :',~�j`" that Lpader�.7]ie�a�ttanoe carcc.rr pmvi4Wg the ms�raaoe shaA be cho�by DV.iV�er su�3ect to Lender�s appmval �;�,,:r°
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<br /> '::�`�` -'�`' . • wbicJ�shall not be a�asoaably wittilield. If Bflmnwer f�s w a�aint�a coverage dacdbed above, Lw�der may, at Lead�'s :`:`.,
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<br />_ � . �,�.�:�' optinn.obisin covesge w protca I�der's rights in the Pmperty ia a�oosdaaae with patagraph 7. � c,�
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<br /> . '.�=. AA msnraace poli�ies and�ewats shall he aooeptable to Leader and sba}1 iaclude a standand mnrtgage d�e• I�� ��- :r
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<br /> - -- � �4"6�?k�� sbaIl bave the rig�t to hoid the poHcies and ieuewals.If I.end��•Borrowra sball pmmptlY 8ne to L�der all:eoeipts o f :;'�.
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<br /> ..`,�`�-, `: paid pneooiiuma aad teaewal nntioes.In the eve�of loss,�ormwer sball give pmmpt notice to the insvrance cazrier and Leader. � :,u,
<br /> �� ,.�_ Le�der may make praof of loss if aot made PmmPUp bY Eoaower. . ` ;�.�
<br /> .-.;�:v,,. �.��; UWes4leader and Bormwer oti�wise agree in writing,�ce prnceeda shall be aPFlied to restoration OT repair of die __ .:
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<br /> _, � f..�` �; ;` Property datna8ed,if the�estoration or�is economically fea�le�d Leader's secxmty.is not lessened.Ef the restoradon ar .
<br /> ,r� ` -``-'� .r`rt' zepair is�t eooao�catly fea�le or i.�t�der's se�nrity would be Iessw�d,the ins�uanae pmceeds shail be agplied w the snms '`:�y�_:
<br /> .. > °..�``';- s�a�ced Ly this Securiry Iasuument. whether o:not thea dne. w�th a�►Y exc�Pffid to Bomuwer. If Borrower abandons the i.5:_:L_.'
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<br /> ' . ° ``�.t Pmp�cy,or daes not answer within 30 daqs a notice fram l�adec tbat the�ce or nr.stone Prapecty►os� snms �`•: �E,�
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<br /> �. ° .=-�'- I,ender�y colled t9te insarance pnoceeds- I.eander may nse d�e pmc�eds �eP �
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<br /> . ::�:��. �by this Sec�tq Ins�omnent,wl�her or nai then dne.'17�e 30-day pedod w�l begin whm the notioe is givea.
<br /> 4`�° y shaU not exund or
<br /> ��( ' Untess Lead�and Botmwet othetwise ag�ree in vvritia�, aaY ePPU�ian°f pruceeds t°p�n�pal - - _
<br />, ':`�:.:: ..�_':�.=-�� postpune the dae date of the monthiY Paynaents=efened to m pa�hs 1 attd 2 or cb�tge the amount of the payments. If -
<br /> :"�` undc�paragraph 21 ttte rrogeny is acquirea b}►Lender,8oaower's right w a�m�uamce policie4 mma pmceeas�svtt�ng fcom =:
<br /> Insuament ;`
<br /> _ _ �F<-:7t;'�y �e��pmper�,y p�ios w the acquisidon sBari pass m I.eadec w the ext�t of the sarns seeaced by this Se�itq ,._,,��-
<br /> �`„ ��•; ,, „�� i�mediatelY P�ior to the acquisitIan. _� :,`-:
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<br /> ,� '�. '' ;� Q,poc�cy,Pc��on,Mffint�ance and Proteaton of the Pntp�iy;B�saw�'s Loan Applicatiun:L�hflIds. � �:
<br /> :��-; resldeaoe wtthin sixty days after the execttuon of
<br /> •R�-`.:��=".- ��;,: Bormwer shajl a establish,aad nse the Pr+nperty as Bomnwer's prh►cipal �-:F'.:;
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<br /> � nocapy th�Ptoperty as Bomawer's sesidence for at least one year aRer � �:.
<br /> -:�c;.-.$:.�-��:=�i�- tbis S Inst�neat and s6all aan�ue to P�P� -:_.;,�
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<br /> _ �L.��'9:;:'fi the date of occupancy,ua�ess I.eader otheswise agrees in writing,whlch coaseat shaD not be�nab1Y withhe�d.os onless '- �
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<br /> �,�_: r;: .::.. �..._ �g� ex�st whic]� aze beYond Bormwer's conuof. 8uuower sbaU nat destroy, damage or�pair the �r, .t
<br /> F`,r` w dexeiiorate,or commit waste oa the PropettY.Borrower shall be ip defaWt if mry forfeiture r:
<br /> _ ;�. . �;��' Pcoperty,a11ow the Fiopeny could resalt in forfeImre of the ��''--
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<br /> ,'_ act�an os pmc�eeding,whether clvj!ar cru�nal.�b diisin Lender's�ad faith��se�r inte�est.Borrower ma9
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<br /> '�`','�``;,;'.<. °°�' ctire spcbi a�def�ilt and rejnstate,as pmvidEd in pa�taph 18.bY causln8 the acHoa or pmoeading w be�ed wlth a tuIiag <:'.4:.
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<br /> ��': = � '�==}z- tt�at,in Leader's good faith detetta�tion,P:ecludes forfeiume of the Boscower's interest in the Pcoyert�►or�tlter materiat _ _�.
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<br />_ .',.-,:`•.`'�: �8�t Of ibC 1�CA��tL�B$�ILS►�Oi T.C�dE[�S S2COIIl}I� gOIfOW4[Sb31I 8�80 bC$t�L 71f r,..,;...
<br /> ��'� Ba�mawer,dnr�ng the Wan appltrsiioa process.gm►e ma�iauY fatse or iaaaairate�aa or s�s w Lead;er(or fa� `=
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<br /> '- :�: ta pruvi�e l�ender with a�r mateclal informatioa)ia oannection with the loaa evIdeaced by'the Note.iaclading.hat naR liudted. .;.., ,
<br /> .`��, ;;"'�Y to�r�r�e�ons conceming Bosmwer's a�cy of the Pmpertp as a p�ncipal res�deace.If this SecurIty Insan�ment is on o '- .
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<br /> �;t�� .teasehotd. Bosmwer sba11 cmnpiY witte all the pravisions of the tease. If Sonow�ac+q�dces fee tItte w dee Progerty. the �:
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<br /> ; �:�,, teaseho2d aad the fee title s�all not merge antess Leader agrees to the merger in wrl�nS• � � ::
<br /> 'f t � °,�; . 9.Pcot�ctton of Lendee's Rig�ts ia the Propeity.If Bormwec fails w perfazm the coveaants and ag�ce�s.��
<br /> `� -• ` �'x thia Secautity'Tnsuanneat.or there is a Iegal Pmceedin8 tbat maY�S��Y affect I.e m d e r's�i g h t a ia t h e P i o P e r t s►<Spch as,a ' ��-,:
<br /> ,•:�r��::,.,.,-.;•:�,r,. p�o�g ia 6aal�apa9,Pru ate. -----
<br /> ...:�: :-.:. . b for onndeamasion or forfeiaue ar w enforoe taws or zegoladons),then Leader maY do and --
<br /> -: � �"�,-�4�:,. pay for w�atever�S n�sary�w proter�the vaIae of tfle Property and Leade,�s rlgMs ia the Propeny. Lender's asx�s a�ay ---—
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<br /> suma sec�ed by a lien whic8 ha�prtorIty ovec this Seauity �eAt. aPP�ag in coiut. yaqia8
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<br /> ;°, =:;`;,;.:�:;,::;- �;,;�; �easanab2e suarneps•�fees aad�g on the�icoperty W�e repa�s.AltliongD Lender may take�tion.waer t�s pa�agr�p _
<br /> .;-:,::_;:.�r::;;;:��.;.. . . 7,Latder does nut have w do so. � —'°`-
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<br /> �, � x. - pny amoymte disb�used by Lendea�mder this pa�7 sball become addittonai debt of Bomnwer secoted by tbis
<br /> - � �` „ � Seauiry tnss�mem.Untess 8arrower and Leader agee w oWer teims of paymeat.theae amoume sha116ear iaLecest fmm the _,
<br /> '�.:_�:;�;�";:a:-.:z�i�.;Y date of disba:s�meat at t h e Note mYe a n d a h a ll b e p a y a b 2 e. w i t h i a t e r e s t.u P on aotice fmm LeQder..w Bormwer reqaesting - _-_v_
<br /> � ��, t•�r.. ---
<br /> ,` .;r �Y�� - � mort ia�ae as a conAiflaa of ma�a the 20�seaued by this S�y► � -
<br /> ���.• g.Mart�e iasiueac��f I.ender reqnired Sage na g
<br /> � ' ;'� ,� tnstrnmeN.Bormw�shall pay the premiams xeqo�red w nosiata9a the mortg�age iasat�oe in eff�t. 14. for aaq teason. the � -:
<br /> ;; Yc��,: Acortgage�ce aaverage te�Nired DS►L�ndet tayses o:ceases w be ln effect.Bo:ruwer ahall pay the premiutas required�a �`
<br /> .,_. . �,�' � � obtain.aoveragpe suDstaatially equivaleat w the mort�e iasu:ance Pr�wlonslY in effect.at a cost substantially eqni�+aleot w the �, _
<br /> �.�.;:";,�:�:;::;�.,:`j�'•�� �ust.w Bomac�er oY the moitgage insas�ce D��Y 1n effect.fmm aa altemate mottgage ins�u�et approved by�tder. If ,,,_.
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<br /> �S not avaitabte.Samawer stall pa}►to Lender each montb a sum eqaal W � �:�=�-
<br /> oaaiwelftbt of t�hevy�ly mnstga8e�insurance p s e n u fi m be1a 8 Daid by Bonawet alhen the insaraace coverage 3aPsed or cwsea to e ;,
<br /> _ .;�� be in effect.Leader w�I!aooept,nse and r�these paymeats as a loss reseeve iu t�en of murtgage lasu�emce• Loss reserve w�
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