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<br /> S.Hazard or I'roperty Insu�An�Borrowcr shail kocp tha improvcmcnts now �ung on c�rcaftcr crcctcd on Ihc Pro�x,rty
<br /> insdred wgalnst loss by C�rc,hszards includcd wi�hin the tcrm "cxtcndcd covcragc and any alher hazards. including tiood+or
<br /> flooding,for which I.endu reyulres insucance.This insursu►ce shall be maintained in the amounts and tor the nerlals that Lcndar
<br /> rrquires,'I'ho insw'ancc cardu Pro�idir8 iha�nsucanca sha1�b��O�n by Borrowcr subjoct W Lcndcr's approva!which sha11 not
<br /> ba unrcasonabty withhcld. !f Borrowcr fails to maintain covcragc dcsciibcd abovc, I.cndcr may, at Lcndcr's option, obtain
<br /> covcrago ta prouxt I.endcr's rights in thc PropertY in accordanca with para8raph 7.
<br /> pl���r�nco polkies ond rer►�wals shall bc acc,�ptab{o w I.cndu and shnll includc a s�az►dard mortgagc clausa.Lcndcr shnll
<br /> havc dia right to hald�hc policica and rencwals. If I.�:ndcr rcquires,Borrowcr shaA prompUy givc w L.cr►dct eA rcxc�P�s of paid
<br /> prcmiums and rencwal nadccs.ln thc cvcnt of loss,Borrowcr shall�ivc prompt nolicc ta thc insura�icc caniar nnd L.cndcr,I..cndcr
<br /> may make proof of loss lf not made prompQy by Borrowcr, ll� �restoraUon or rc �Ir of tha
<br /> Unkss Lcr�du and Sorrowcr othuwise agree in wridng.insurancc procc�ds sha11 bc app P
<br /> pro�rty damaged, if the nstoradon ur repair is economically feasiblc and Lcndu's secucity is not��su►ed•If tha rrstoracion or
<br /> rcpalr is not cconomically fcasibla or Lcndcr's sccurity would bc lcsscncd, tha insuranco procccds sha11 bc appUcd w thc sums
<br /> socurcJ by tl►is Sccucity lnswmc.�t,whcthcr or not thcn duc, wi�h any caccess paid to Borrowcr.If Bartowcr absu�dons tho
<br /> Properry�or does not answer within 3Q days a nodee from Lender that the insurance carriec has offer Ow��y�����
<br /> Ler►dcr may colloct tba insuranw prococds.Lcnder may usc ttre procoeds w repair or restoro the PropertY
<br /> by lt►is Socurity Instrumeal,whc�hca or not then duc.The 30-day periad will bc6in whcn tha noticc is givcn.
<br /> Unlcs.i Lendcr and Borrowst ottuxvvise r+8cec in writl�8.�nY aDP��n of procr.cds to principal shaU not extend or postpona
<br /> thc dua data af thc monthlY paYmeo�s rcfcmcd to in pan►B�aPhs 1 and 2 or chan8e Iho�mount oE Ihe p�Ymcnts.If ur�d�P�fi�
<br /> 21 U�c Pro�t����u�'�o hall pass a Lcndcr�a�hecx�ccnt of thc s ms�sccurcd by tt�Secur ry Insuumcnt mAmcdialcly
<br /> PropertY P
<br /> prior W�ha�cqufsition.
<br /> 6,p�pap¢r�Preserv�tbo�Mainteaance a�d Protection of the Property; Dorrower'a Loan Application;Leasebold�,
<br /> Borrowcr shall occupy,cstablish,and usc thc Propercy as Borrowcr's principal r�sidcnca wilhin sixry days aftcr the cacxution of
<br /> lt►is Sceuri►y loswmcnt and shal�condnuc to occupy Uic Froperty as IIormwcr's princips►I residcncc for at lc�t ona ycar u[tcr!.ha
<br /> date of occupAncy, unlcss I.cndcr oU►crwisa agrccs in wriUng, which conscnt shall not ba unrcas�na6ly withhuld�or unlcss
<br /> cx�cnuating circumstances cxist which arc bcyond Borrowcr's canwl.Borrowcr shall not dcstroy.dariiego or impair tho Property,
<br /> albw Ihe Propaty co dekriorale� or commit waste an the Propaty. Borrowu shall be in default if any forfaiture acUon or
<br /> prococding,whcthcr civil or criminal,is bcgun that ln I.cr►dcr's good failh judgmcnt could result in forfciturc of Ihc PropertY or
<br /> o�,�mat�i�lly impair tha licn cresuucd by ihis Sccurity Insuvmcnt or Ler►dcr's socurity intcrest.Borrowcr rnay curr,such a
<br /> dcfault and reinstal�,+�s providW in paragraph 18, by causing Uu actlon or procccding to b�dismisscd wilh a ruling ttuu, In
<br /> Lcndcr�$gopd(uth dctuminadon�precludes forteiture of ihe Borrowu's interest in Ihe�o(�Y Q���'���p���of
<br /> �he iien crcaiod by ii�i��ccw-it�I:astrssnestt er Ln�!�l'a ec��vity intcrest Borrowu shnll elso ba in defpult if Borrower.during the
<br /> loan applicalion process.Bava matcrially false or inaccurat�inFormadon or statemeat+►u 1.e+►der(or failcd W provide i.cndu wi�h
<br /> any «,atcrial lntorn�ation) in connccticxi wi�h lhc loan cvidcncod by the Notc. includinQ, but not Wnitcd to, rc.�rescn�ations
<br /> concerr►ing Borrowa's occupancy of the Properry ac a principal residence.If ihis Socurity Instcume+►t is on a kasehold,Sortowa
<br /> she11 comply wiU�all�hc provisions of�hc lcase.If Borrowu acquires foc d�la to the Property,the kaschold and 1hc fea titla stull
<br /> not mcrge unicss Lendcr agrecs to thc muge�in writing.
<br /> 7.Protectan of Lender'a Riehls in We Property. If Borcower fails to perform tho covcawnu and agramcnl�c:ontaine�l in
<br /> this Sacuriry Insuwnent,or there is a kgal proceedinE►hat may significandy dfat 1.ender's righls in�he Pcoperty(auch as a
<br /> procoeding in bankruptcY�probate.[or condemnation or f�rteiwre or w enCvrce laws or ngulations),then L�nder maY do sNd ImY
<br /> [or whatcvcr is nocauarY a Pro►cct d�c valua of thc PcopertY and I.cndcx's righu in�ha Praperty.L.�+W1cr's Actioru may includc
<br /> paying any sums sccurcd by a Iicn which has prioriry ovcr this Sccurity Inswmcnt,epPearinB in coun, P8Y�8!'�0"�b�
<br /> enon�eys' foea�nd ent�erinS on the Pr»pertY to makc repairs.Although Leiulec may take xtion under this par�gcxph 7.Lendec
<br /> doca not havr,w do so.
<br /> Any emounls disbsirscd by Lcndcr undcr this para8raph 7 s1►all bocoma additional dcbt ot Borrowcr sccural by�hLc Sccurlty
<br /> InsuumcnG Unlcss Borrowcr and Lcndcr ngroc to ahcr tcrms of paymcnt,�l�csc unounts shall bcar inccrest[mm �hc datc of
<br /> disburscrnc+�t at thc NotC rate and stall be paYa6lc,wi�h intcrest,upon notice[rom Lcnder w Borrowcr rcqucstin8 PAYmcn�
<br /> b.Mortg�ge Insuranca If J,.cndc�rcquirc,�1 mortgage insurancc as a condidon of maicing ttw loan sc�curcd bY Ihis Socurily
<br /> lnsuument, Borrowcr sh��l� 1�aY ll�o {NCmiums rcquircd W mainlain Ihc morlgugc lnsuronca in c[fceG 1[, Cor any rcason. Ihc
<br /> mortgagc insurancc covcragc rcquircci by J cndcr lapsos ur crascs to bc in cf[cct,Borrowcr shall pay thc prcmiums rc,c;uirud a
<br /> obtain covc,�aga substanttally cquivalcnt W!hc mortgage insurancc proviousiY in ctfccc,u a cost subsiandally a{uivalcnt w tha
<br /> cost w Borcowcr of�hc mortgago insurancc prcviously in c[fcct, from an altcmatc mort�agc i�surcr ap�►rovcd by I.cndcr•1C
<br /> subsmntiully cquivalcnt mortgagc insuronco covc+'3Bo is not availnblc,Sonowcr Stwll paY w LcnJcr cnch month n sum cqual►o
<br /> onc•twci[th o[�hc ycarly mortgagc insuranec prcmium bcing paid by Borrowa whcn tha ic�suranco co�cr�8�laps�l�'���
<br /> be in effec� Lender will accept, usc and retain U�esa payments as a loss reserve in lieu of moct�age insurance. Loss reserve
<br /> Furm SOt1 A/10
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