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<br /> �: 4 � j.. • S. Ha�rd or Yroperty Ias�snce. Borrower shaIl keep the improvemenu now existiag or hereafter erected on the -
<br /> ` - ' ��� p►'aP�S' ��B�t ioss by fue, h�ands iaduded withia the tezm'extended coverage' and any other hazazds.iarluding `�`_� '� �-�
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<br /> � ,_ .fl o c d s o r A o o d i n g.f o r w h i c h L e n d e r r e q u i m�insuranc�e.'fdis insurat:ce shall be maintained in the amounts and for the periods �: �� .
<br /> " � '.j thai l.ender requires. 77ie insvrance camer.pmviding the insurance shall be chosen by Borrower subject to I.eader's approval C9 ` _ 2�;::-`,
<br /> `" ' which shaU not be�onably withheld. If Borrower fa�7s to m�aintain covaage described above. Ixnder may. at L�der's� ,� := � .;
<br /> , �.r �° o p t ion.obtain wve�e w pmtecc LEader's rights in the Propeny in accordaaa with paragraph 7. � �� r�t' °��.
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<br /> IW iasur�ce paliaes and reaswals shall be aoceptable to Lender and shall iIICI�de a s t a n d a r d mortgage c lanse. I x a d
<br /> F -. ` �t �� shaU Lave the right to hold the policics and renewals.If l.ender requires.Sotrower shall pmmpQy give to Lender ail rereipts o r� .-
<br /> • P�P�and renewal eotices.In the event of loss.Borm�vet shaIl give prompt natice w the�++��•a�casritr and Lend .:, .' ,��•._ � `•
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<br /> ;,.. T-�:r�l' l.eaeder may make pmof of loss if not made pmmptly by Bor�ower. . � s �" �
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<br /> �r�-.�;:;.t Untesc l�ender and Borrower oth�wisc ag�ee in writing.insuiaiece proceeds shail be applied to restoration or repair of� =� ;
<br /> prope�ry dama�ed,if the restoration or repair is eaonoaucaity feasi'bie and Lea d e r's sec�riry is aot l e s�e n e d.I f t he r e s to r a u o n o r ` � ` �
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<br /> _ '�`;<<�.{;. tepa.ir is nat ecunamically feasi'ble or Lender's security wuuld be lesseaed. the iasurance psoceeds shall be applied to the snms ., ';:::.;,,;: ,`.`'
<br /> ' secured by tbis Security ,_ �� �•,
<br /> '. rl' . .`"—4i �++�•••�• wbether or not thea due. with any eue�ss paid to Bouawer. If Sosrowa abandons the - ..� . � �=:.
<br /> ` • ��;; � .or does nos answer witDin 30 days a aotice fmm LendEr that tGe in�raace carrier has offaed to seule a clzim.then .., .�.�z ,.`r-.
<br /> ���'�,:�.;,. . �P�Y , .• � :.
<br />- I�td�may collect the insorance pmceeds. Ixuder may use the proc�ds to reQair or mstoic the Propecty or ta�pay sums , `'
<br /> Y-i:-`° Secured by this Sec�rity Iasuumeas.whether ot not thw dae.'fhe 34day peread wiil begin when the notice is give� {�� a R`.;.,_
<br /> � K'` Unless lender and Enrrower odterwise agree in writing, aaY aPPliration of pioceeds to principal ahall not ext�d or .., 1`�:
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<br /> `. `� �w�_, _`.�, postpone the due date of the moutWv paymeats referied to in paragraphs 1 and 2 or change the amonnt of the payments. If .� � 4,<,
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<br /> �.�F,. uader paragraPh 21 the P�vpecty is a uire�by Lendcr.Barrower s right to auy iasuranae policies and proceeds�esulting from e+ �;-:
<br /> . � .�'�'... damage w the ProP�Y Prior w the acquisiuon shall pass w t�ader to the exuat of the s�sewred�y t�s Seariry Inmument �%.� `
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<br /> ''°" �iatcly prior w the acquisirion. ; <
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<br /> . ;`:�.: 6.�cwpanc9,Pr�rvatton.Ndaintenaace and Peotecttoa at the Yraperty:Borrower's Loau Ap�catdon;I�a3ds. •:; , ____
<br /> . Borrower shaU occupy,establish,and nse che Property as Borcower's principal cesideace within sixty days after the ex�urion of �,��4..'; y:�;.;-:,
<br /> .. �.' . `''';;;. this Sxurity Insuument and shall continue to ocwpy the Property as Bomawer's principa4 resid�ce for at teast one year aft� =_ _ "-�+,r.i_,.
<br /> .. I the da[e of oc,cupancY,unlesg I.euder otherwise agroes in writing.which consent shall not be unneasonably aritliheld or unless :,' ,�,��V
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<br /> .. �< �` �: e�u,eauating circmnstances exist which ate beyand Bosrower's coauol. Borrower shall not desvoy, damage or iatpair the �_,. =
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<br /> pn�perty,aUow the Property to deteriomte,OT COl�lt LY8SI2 OA ihC PiO�EIIy. Borrower shall be in default if azry farfeiwte �
<br /> _.... -::.�=;�,. actiun or pnoceediag,�ether civ�or criminal, is begua that in l,ender's gaod faith judgment could msalt ia forfeiwie of ttte � `•,� =�;
<br /> , " .. Praperry or othesa�i�se materiaUy imPair the lien created by Uus Security lastnmteat or Lendsr's seauity iaterest.Bo:mwer ma}r '� �� '-:
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<br /> ,. : � ' care sacit a default�d rein�tate.as pravided in paregrapb 18.by c�using the uxion or pmceeding to be dismissed a►itb a niling �.L ,��,.
<br /> , - `•'�" - ;,,;'` t6a�t,in l.eader's good faith detemiination. Preclndes forfe�ttue of the Bonoarer's interest in the Propetty ot oWer material : � _ -
<br />��-r .�. , • . �r�-'. �mpairment of the lien created by th'ss Securtty Insuument or Le�tder's security interest. Botrower sUall alsa be in defautt if :��—
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<br /> I`�.. . - .- s: gQ�wer.du:ing thc loaa applicaaon process.gave materially false or roaccurace information or stauments to Lender(or faited ---
<br /> � : . . � ... _-
<br /> � :f� to provide Lender witb any mazerial informadon)in connection witb the loan evidenced by the Note,inctuding,but mn limited _
<br /> �, :';•. ` � �' '• to, rePresentations oonceming Borrmver's occupancY of the Property as a principal resideace.If tbis Security Luuument is on a '. ----
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<br />;::2�-:.-�::'": ��. . - - teasehold, Bosrower shall comply arith aU ihe provisions of the lease. df Bo�rower acqnires fee titIe to the Property, the ,, -;�-,
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<br /> .a_�.z,;:� lease6o2d and the fee ritle shaU not merge untess Lxnder agrces to the mergez ia wri[ing. —
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<br /> � ., � ' 7.Protec9ion of Leader's�gh�[n tke Propaty.lf Barrower fails to perfarm the oovenants and agreements cantained In ,":f�. _.�.__
<br /> ' � . � this Securiry ia�trument, or there is a legal ymceeding that may sigaiRcautly affect Leader's rigftts in the PsopercY(such as a °1 �=
<br /> .� • : _ ,.,.:,,,� f prnceediag in banl�aptcy,yrobate,for coademnatioa or forfeiture or to enforce laws or regWadoas).thea Lender may do and r R�
<br />�° :; ' �,�:', pay for whatever is nec�ssary to pmtea t he v a l ue o f t h e P r op e rt y a n d L e n d e r's ri g h t s i n t h e P r o p e r[y_ L e u d e r's a a i o n s m a y � �::
<br /> ,.,, . '" .. ::� '
<br /> .. - ;�a inciude PaY�S �Y sums secured by a liw which has priority ovcr this Ser.urity I n s t m m e nt, aPPearing in c o w t. P a Y�S _ ��':.�Y_.
<br /> - r�sonabte auameys'fees and enteriug on the Propert3+to maalce repairs.Although Lender may talce aaion under this paragraph _ '-;;:�;::
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<br /> -= � '����.' 7. Lender dces tto[have co do so. . • .;a.�
<br /> �;' , - . :' ``�:=;' Atty arao�mis disbuised lry Leader �mder t�is paragrapb 7 s6a11 become additional dcbt of Bonowes secur�d bY ihis - '.,.±�;°=
<br /> • � - . Securitl+Inswment. Udess Bormwer aud Leader agree to other terms of paymeat.th�amouau shall bear interest fmm We . _'`�--
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<br /> �;,. '�. _ . _ Qate of disbursement at the Note rate aud shall be payabte.with interest.upon notice from Leader w Bo=rower ceqnesting � -
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<br /> _ ° . , 8.Mortgage Iasarance.lf Lcnder required mongage iasaraace as a condition of maYing the taan secured by ahis Security .`,- ;�.
<br /> -,�����. insmwient. Barrower shall pay the preminms reqoised to maintaL� tLe mortgage insarance in effect. If,for amy reasan. the . ..,,,
<br /> � mortgage insurance wverage required by l.eader lapses or crases to be ia effec[.Borrower shall pay the pretniums required to •
<br /> ;.: ` , � �y`. obtaiu coverage substantially equlvatent to the mortgage+*��++*�nce pseviously in effea,at a cost substantially equivalent to the
<br /> �:::� . ,
<br /> ,:-�• ' ,� ' • :?: cost to Bonower of the mortgage ingurance previously in effect,from an altemate mortgage insurer appraved bry Lender. If , :'•�;�� � .
<br />.i,:i -.. . �'. •�' .
<br /> - � - �. .-,� substantialiy equiva�enl mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equai to �����`
<br /> .. � � , „':,�;`. oae•melflh of the yearly mortgage insur�ece premium being paid by Borrowec when the insurance wverage lapsed ar ceased to .• .
<br /> "''i t" be in effect. lxnder will accept,use and retain these payments as a toss reserve in lieu of mongage insurance. Loss reserve �
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