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<br /> �. S. Haa�rd or prog� Imgosanoe. Boaawer ehall ic�ep the jmproveme�nts now�g or hereafter ereaed on the r4 ; ,� ,,
<br /> a� �� ��: . pcaperty ias�ued agamst toss by 8re.ha7arQs included�the term'extFnd e d oov e r a�e' a n d a ny o t h e r h a T a�. i n s l u d i n g .� L ; s:::
<br /> �,'�=- -- .;',`, Saods or ttaoding.for which Leader reqvires insusanoe.'Phis ins�uance shall be maintainea ia the amounts aad for the per�dg :,,; � �,;
<br /> �'„ `t� The ia�uaa�cazrier providtng the ias�uaace sba116e chosen Dy Barcawer subjecc w i.ender's approval ` �. �-.
<br /> .,. r k,�,. . thffi LCnder TeQuj�s• ' . `_
<br /> ;„ ; :: wt�id�sbai!not be u�asanably arltLDetd.If Boiruwer�faiis to maiat�a coverage dessribsd above. Lender may.at Leader's F % ,. F '
<br /> � 4- ; ` oggon obtaia ooveiage tn protea lxad�'s�ights in the Pmperty in mcoordance with pazagraph 7. �
<br /> Yf ' � W== 'All�uranoe Poltc3�a and renewats sba}I be acceptabie�to Iender aad s6ali incl�ndt a staadard mortgage c1ause.l.eader <�, �"�`''.,
<br /> . ':.,.,: � „ m ve to Leader af1 receipts of � ':� ° *-''
<br /> sball Lave the rtght to hold the polisIes and renewals.If Leader requmes.Bomnwer shaU p mP�Y Si �t.,o,< � �4
<br /> .�c '�;;�-,,::.:s_�,'-`::. IIotiCe to the�carriet 8ttd I.eIIdet. =� „ °,�
<br />- = P�P���d reaewal not�oes.In the event of loss,Boirower shall give pivmpt ' f_��y �,, .. �, ,
<br /> �- '� �--- �� I�lar may maks pmof of loss if not mads ls�mgtlY bl►Borrower. ��shail be applied to csscorasion or repair of the r-
<br /> ,-��� Unless Iender aad Bonawer othetwise agcee ln writing,msurance p :
<br /> <.t,-`;r. �„r:��:' �P�Y�eS�,if the ressoratian or�air is eooaomicaity feastbt�e aud I.ender's securIty is not tessened.If die�eswratton or s � - v ` .,
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<br /> �=�� nepair is not ewaamicaIIy feas�'ble or Irader's seauity ww�2d be l�.the ins�uaace pmceeds shall be a�plied to tHe sums �. :�:. t,, :
<br /> '" �f r�: s�6S► tt�is Sec�uitl+Issu�► whether or not thea d�e.witii anY excess paid to Bnaower. U Borrower abandons the ,,4t +, 4`.'.
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<br /> = , �_� Pmp�ty,or dOes not answer within 30 days a notice from i.ender thaz the issvrance carrter bas offered w s�tle a claim, thm �F y > �,'
<br /> f � �- i�der maY collect t6e'insniance pmceeds. Ixnder may nse die ps+oceeds to repair or reswre the Prapeny or to pay sums � ,�
<br /> oceeds F �`
<br /> =" .'� �jyy��y�uu�t�wbetber ar not thPa dae.11ie 30-day petiod w�71 begin whea the aotite is given. � ,:--
<br /> � ` -`: lic�don of mceeds to al sLaU not exoend or ` �`' �
<br /> c.� • s<<,:; Unless l�endea and Botmwes athetwise agree in writin$, �Y app P P��P . ,k ,,
<br /> `�r °L �d w in pffiagrapbs 1 aad 2 or change tE�amouat o f t h e p a y m e n t s.t f :
<br /> , ' :•:, postpone tlse due date of the monWly pa3maents � _;' r °� ...
<br /> �::� under pazagraph 21 thse Pragerty►is acquired bp L�der•Boaower s ri g h t w aay ins�anoe po Ucies aad pro c e e d�resultin g fmm a � t '�- �
<br />_ . �� damage W 1he PropeR}+PrFor w the asqnisidon shall pass w I,e a d e r to t h e extent o f t h e s m n q s e w r e d b y t L i s S�u i t y I n s t r u m e�t _..,.�:. .,.--=.._
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<br /> , :ti.`=` i; 6,O�ncg,Pr�rvallon.N/ainteaance ana P�+nteciton of the P►aperty;Boes+awer's Loaa Aypti�tton:L�ehofds. � -
<br /> ,�`..;��-N Bormwer sball oa�pY.establish,and use the Property as Barcower's priacipal residence wit6in sixty days after the executioa of -...�:�;:-.:,;.:�:_
<br /> ..:�. l�;�'.� this Se�cltY Ins�vment and atiaU condnue w ocaipy the Ptope�ty_as Borrower's ps�aclpal tesldence for at teast one qear a�er < _. .
<br /> � 8� —F'. .rc n �•.,
<br /> - ; v.:i the date of acccapancy,uWess Lender othe�arise agcees m wriaag,whic�►caasent ahall not be emreasanably withhetd.or udess .-.�:
<br />= . - � �.e:-' �g �r�aos�a� exist whlrh are beyond Borcower's oontrol. Borrower sLaU nat dest�uy, damaSe or impa�ts Qie _.�;N; `
<br /> ;:,"r�:�� p�,operty�allow the Propeity to deterlorate, or cu�nit wagte on the Pc+aperty. Bosmwer sbaU be iu def�lt if aayr fosfeiture - �,�-:�;���-
<br /> couId�esnit in forfeituce of the - ��
<br /> -��': ac�Ion or praoeed�g,whether dvil oi cr?�na1,is began that ia Lepder's goaf faith jadgment = .�F-
<br /> �•' � ;,`� air the li�cceated by this Seca�rIry Insttument or Leader's se�auity interest.Borroivei may e �;:�`
<br />� ,; _. �- ����: PmPeri�►or otherwtse mateiiallY imP .•. -��r?�
<br /> - ��� c�e�s1►a defantt�reiasEate,as pmvtdod in patagraph 18.1sJ+cansb8 the actIon ar pzoeeeding to be d3sm3ssed with a mting __
<br /> � y `� that, In Leatler's gaod faitb deteimination, P�tudes foifeitare of the Bomawer's iate�st ia the PiapertY o=othec mater�al 4 : .•�•�
<br /> , , l } ^ :;. �npasmax of the lien cteated hY th�a Se�rltS+ in�n�or LendePs securlty iaterest. Bonower s6aU aIso be in defaatt if � ` ; ,_
<br /> 1 � Eouower,dar�ng the Waa application Qrocess,�►ve mater�alty falsa or inacauate iuformatioa or statem�ts to LaWer tos failed -�.� =
<br /> . �' to psuvide I.endet with any materlat inPoimattoa)in co�mecdon whh the toan evld residence.If this erurlty g�Insuu�uentlimited =. --
<br /> . i��', to.t'ePzese�fln�waee�abg Bo:cawer's aeeapan�y of the ptoperty as a priaciP 1u �. '.� t �
<br /> } t :� J :!.r�� .
<br /> teaseho2d, Bormwer shall comply witb all the provisions of the tease. lf Borrower acqui�es fee dtle to the Pmpeety, the - 1 =�
<br /> �- �` teaseha2d and the fee title ahaU not merge anless Leuder agrees co the merger fin wrtting. ;�, ,� --
<br /> .,. �.�. . � _ 7.Prntedton of I.�ader's Rigats tn the PrnDertY-If Borcowes fa�s m peiform the cavenants and�ts caatained in ,,.,, :, . �•�,��
<br /> .� �' t�is geauity lasunment,or there is a legat pmceeding that may significantly affect Lender's rights in the Property(sach a�a - ` -
<br /> <. � �-.�� p�ng in b�CUptcy,pmbate.for condemnation or forfeitnre or to eaforce laws or regulations).then Leader may do and • .; , "��,
<br /> �'� ;` �.��, pay fo:ahatever is necessa�►to Protect the value of the Pmperty and I.�des's r�ghts in the Property.Ixndec's actions may ... , �'`''--.
<br /> ea�ing in contt, Payiag � ���
<br /> _ . ' inciude Dayiug aaY sams se�red bY a Iten whicb has prIority over this Seaulty tnsttament, �on nnder this paragraph ''"- � �'-�•�-
<br /> . �,�re to make airs.Atth Lender may
<br />_:�,�; �+easonable attomeqa'fees aad ente�ng on the Propercy mP °� ,, - "»
<br /> ' �,'r` ?,Lender daes aot have to do sfl. '� .�a
<br /> :- � .. .''�.: Aay amoimts disbwsed b3► L�der�mder this DaragraPb 7 shaU became addidonal debt of.Borcower s�by tbis � ;-
<br /> - . .`.= SerurIty inst�ament.UWess Borrower and I�ender agree co other terms of payment,these amo�ts shaU bear interest fr+am the . :.._
<br /> : - te m
<br /> ��,.
<br /> y`: �� ' °�t date of disbursem�t at the Note rate and sfiaU be payab2e,whh iuterest.uPon aodce from l,ender to Bonawer requ�asting
<br /> .� ._ ,:" � . ..� . ,
<br /> - : ' . .. . PaYmeat• �
<br /> - ..:.,� .♦>,_,��.��.',:`:��:. 8.Mortgege iasurence.df Lender�nired mortgage ia�oramce as a condiuoa of makiag tIIe luan savred by this Seaurity ,1._ .:,.
<br /> .,; �. Instrument,Borrower shall pay the premlumg required to maintain the mortgage iasivance in effece. If, for any reasan,the '
<br /> c, .. , t mortgage insurance coverage tequire4 bY l.eader la�ssea or ceases to be ia effect.Bormwer shall pay the piemiums seqnired to
<br /> � `,'� alem to the mo e insuranoe previously in effect,at a wst substantiaUy:quivatent to the
<br /> ... ., �: obtain caverage substantialty e�Nn► rtgag
<br />,� � � � '`. case to Borrower oi the mostgage iasvtaace pseviously ia effect, fmm an altemate mongage insurec appmved by i,ender. If
<br /> � . - , �t suhs�nsialtY equivateat martgage insuranee ooverage is not available.Eorrower shaU pa3►to L�nder each moath a snm equa�to ' � r`
<br /> "'�� � " one-twelftb of tlte yeazly mortgage inswance premium Uein�Daid bY Borrower when the insurance coverage Iapsed or seased to :;�:,
<br />.`.,;' � -. . . • , S be in effect.Lender will accept.use aad retain these payments as a loss reserve in 13eu of mortgage insurance. l.oss rese:ve . . .:,�:;�.
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