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<br /> ,.�: � . 5. Bazard or Pnupeety Iast�ce�e. Bomower s6all keep the impmvements now eaisting or hereafter erected on the � }. ``'
<br /> � - � � i ;..
<br /> ,�:'� p�°perty tns�r�d agamst losg by fi�e'h�ards inctuded withia the term'extended caveaage'and aay other hazards,indudiag F�f ,,:'E�J ,
<br /> • - . flocds or tlaoding. for whic8 Lender�equiies ins�uance.This ias�uance shaU be maintained in the amounu and for tee periods ., � .�:
<br /> e .. that l.ender cequites.The�caaier prnvidiag the i�s�rance shati be chosen by Borrawer subl�t to Leuder's appmvalt� ; �' ; �.,
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<br /> �` - .'•:-.."' art�d�shall not be�m�asonab/y withheld. If Bo�wer fails to maintain cavecage described above. Lrader may. at Lsnder's� r, .
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<br /> �E `� > .�:: opdan,oMaia coverage to pmteca i�der's ri�,hts in the Property in accordance aith paragrapb 7. '. t
<br /> � _ •?, p11 ims�uaace policies and rene�vals st�all be aoceptable w Lender and shaU inslude a standard mortgage clause. Lead� �.:..�, �. �`,.` �ti
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<br /> E':�," Borrower shati prompdY F,ive[o IxndPa aU rerxipu o - •,;�:'.��-�:;<:-.
<br /> '� •. s6ai1 have the zight w hold the poliaes and renearals.If Leader roquires, , ,
<br /> `'_ `` � �• �' ' Paid ptemiums and renea+al notFces.In dre eveat of loss.Borrower shaU give prompt nauce co the iasucaace carrier and l.eade ;:t. `F``'`�.:•,�
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<br /> .`* - I.�er may make proof of loss if aot made P�P�Y bY�rrower. ' `� � T =
<br /> ° UNess Leader and Boirower otherarise agiee in writing.insuranoe pmceeds apP '�'�' .
<br /> �,,::�� s6aii be fied co�estoration or rq�an af t� u,;, x '_
<br /> s'�-;:�-='R� propercy damaged,if the teswsation or Tep�is ecouomically feas�bie aasi I.ender's security is aot tessened.If the restoiation or � ,,•; ��
<br /> �-�� .�s.` repair is aoc ernnomiealty feasi'hte or l.en�er's securiry would be[essened.the insu:auce procceds sball be upplied w We sums r ` :;`
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<br />- � `��:g:' s�by this Se�a�tity�, whether or not thea dne.a+ith anY excess Paid w Bonower. If Borcower abaadons the _ '`:;; .:�;
<br /> � or daes not ansarer witisin 30 days a notioe from i�der that the�nae caaier has offered to settle a claim,then `'"�
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<br />_- � ' �..° .`.•�; ���y oollect the insuraacx pmceeds. I.wder may use the gmc�eds w re.p�ar tescore the PtaPettY or to paY s�s ;�.�.`,.4,: �";.s_
<br /> '"`�+� se�by this Secanty In�tnme�ts whethQ or not thc.Q dv�i.'IUe 30�aY Penad will.^'la"•whea the aoucr.�$grven• i: .n e °�_•
<br /> ��` Unless Lcader and Borrower otherwise agrec in writing, aaY aPPlic�on of procceds w pria�ipal shall not extead or � a� �;
<br /> ;' ��. postpone the due date of the monthiy payaneats tefeued w in para�raghs 1 aad 2 or cbange the amouat of the paymeats. ff , r
<br /> �s Lendet,Bonower's right w a�►insurance policies and pmcz�ds resulang fivm `�� � r�
<br /> _ ;-.i: 11IIdEt pa[ag�ap1121 the Pcope[lY� a�Cq�d bY �.. ., yc,,.,t
<br /> . ag� ,�
<br /> - .�r'' damaSe to the proP�Y Prior w the acquis�tion shaIl pasg to I�nGer w the extent o f t h e s►mns s e c�e e t hy t h i s S e c�i ty I n s a n m e n i �� _. i�,;L
<br /> " `� � �Y Prior to the aoquisition. �
<br /> '�_� ',�r; 6.Ooc�pancy,P+nes�vatFan.Mai�teoancean�Aateetion of We P�op�ty,Borrow�'s Loan Appltsaaon:L�Oid�. Y �. �
<br /> �,i: Born)wer shall oaupy,establish,and tue the Prapeny as Eorrower's principal residence within sixty daps after the exe�uion of :�, —,
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<br /> ,.... ,-�:�, this Seauiey Ira�em aad shaU cantinue w occapy t h e P r u peny aa B onower's p r m c i p a l r e s i d e a c e f o t�t e a s t a n e y e a r a ft e r ,
<br /> . . the date of oaupancy.anless 1.eader orheiwise agrees in writmg,wUich consent shall not be�mteawnab�arithheld,�n�aII� << _ �"'�-`�
<br /> �:X� �ng c�ra�t�ces exist whic�are beyond Bonower's coniml. Bomower shall not destroy, �
<br /> ' ``:.:i;, pcaperty. alloar the Property Borrower sball be in def�llt if aay forfeinue —
<br /> , � , w deteriorate.oz oommit was[e on tLe Pmperty e
<br /> �i °, aaraa or pmceod��wlte.ther civA or crimiaal.is begun tbat in Lender's goad faith jitdgu�eat oonld result in fo:feiture of the }
<br /> � F r,��. or otheravise materiaIIy impair the liea created by this Secvnry hjsuument or Leuder's seturity interest.Bormwet may '���_
<br /> ' '� - ' r�;� :` �� to 8e dismissed witb a niling K:':'�- :
<br /> � pue such a defaWt and reinstate.as ptovided in paragraph 18.by causing the acaon or Praceeding . ,,,..:
<br />`` ` `} tudes forfeitnre of the Bomower's interest in the property or other material
<br /> � ... .:.�t��� that, in L�der's good faitL daem�natioa, prcc � ,,��`'
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<br /> - iu�pairment of the lien created by this SecurIty Insaament ar Leader`s securiry inteiest. Boaaarer shaU also be in defaWt if ; —
<br /> � ..;i.;:: '-�`�' Boarower.dwinS the loan applicauon process.gave maaeriaity false or iaaaauatc infam�atioa or stauments to L�der tor failed ,,
<br /> �, . , , to provide Leader arith aay material information)in coauection witb the toan evidenced by the Note,inclading,but not 1'utdted �'�.� °�:--
<br />`�i: . '• ,.i� to.rePsesentarions conceming Borrower's occupancy of the Property as a principal residence.If this Securiry lnstrument is on a '�;`,,,
<br /> '��..�` �.,. •; .'s.'.� leasehold, Hmiowe.r shall camP1Y witb all the provisians o�the tease. If Borrower acqaires fee titte to ttte Propercy. the ���:,` �'�°�
<br /> ` � " leasc�ol�aad the fee titte shall not merge nnless Latder ag�es to the merger in wrilin$• ` ;_ '� '-�.
<br /> �� 7.P�o t e a i a n o Y Leader's R i g h t s fu the P m p e r t y.tf Bormwer faits to perform t6e coven�ts and agr�ents contained in � -
<br /> ' r:' this Seauiry Iaatr�eut,or there is a tegal pmceedmg t6at may stgaificantty affec[Lender's rights ia the Properry(sach as a � �;.�
<br /> " ,, .. ';..:� . ,.
<br /> .�... ,.. ` `•'�.:-x. pmceedin8 m baaksuPtcY,P�bate,for condemnatiaa or fosfeiaue or to e n force laws or te g W a t i o n s),t h e a L e n d e r m a y d o a n d �.�.�Y��
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<br /> j�.. pay for wDatever is a e c e s s a ry to pmtect the value of the Property and l,ender's rights ia[he Propeny. lxnder's actions may '�,�.... _•..�;��.
<br /> � iaciade paying any sams secamd by a llen which has priorlty over ihis Socarity insanment, apFearing in coart. PayinS `• ,�-s'
<br /> . �i'� . .�' reasauable aitumeys' fees and entering on the Property to make reQaizs.Althoug6 Leader may take acxion under tLis paragrayh � ,.��
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<br />_,�;: :: ``,: . 7,l.endes does not have co do so. ;� ��:;: .-_—
<br /> " .. - . A�r�nounts disbmsed by Leader aader this Dara�graQb 7 sha11 became additiaaal debt of Borcawer secured by this `��.�:.�
<br /> _.. �:��:..
<br /> . : Seauity Iastn�ment. Untess Banower aad Leader agree to other terms of payment,these amoimts shall bear interest from the . .``:'`:-
<br /> _ .... daze of disb�usemeat at the Nate rate and shaU be payable. with iaterest. apon aorice from L�ender to Bormwer request�g � _` •�°'��--
<br /> . �z., �p�, ,• �_
<br /> � ��`1'��-� S.Mmtgege Iasmanse.if Ixnder requared mongage insarance as a conditton of maldng the loan sc�aited by this Seca�ritY . ' :
<br /> . � `��,�' tasirumen6 Bomawer shall pay the premiums requited to maintain the mortgage iasur�ce in effect. If. for any r�son.the . " �r
<br /> �:''. . . . ���¢pri,e�ge mquired by Lender Wpses or ceases to De in effect. Boirower shall pay the premiu�req�ired to • '�''
<br /> "; , obtain ooverage substaatially equivalent to the mortgage iawrance previoasly in effect.at a wss substantIall�y equivate�to the
<br /> �->':.:'.:_. ..; •
<br /> cost w Borrower of the morcgage insurance previously in eftect. tmm an alteraace mortgage ins�rer approved by Lender. lf
<br />,i;:�:..-�: ,. . .'= snbstantially equivatent mortgage insura�nce cAVetage is not available.Borrower shall pay to Lender each manth a sum equal to . .
<br /> .:.': one-iwelftL ot the yearly mortgage insurance premium being paid by Bonower whea the insurance coverage lapsed or ceased to
<br /> ��:`i' ' , .. be in effect.Leader will accept.use mcd retain these payments as a loss reserve iw lieu of mortgage insurance. Loss reserve �;: '-..:
<br /> � '�. � . iarm 8028 9f90 �- ..,. `
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