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<br /> s 7i�.�n -�"��:J +���F��V o-�c� � .
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<br /> 7.;r,:u .5 " or hereaftet erected on the .:`�``:`Q� -
<br /> t �'� ` ry� ;; 5. H a z a r� o r P r o�t y I n s m a n c e. B o r r o w e r shall k e e p the i m provements now existing ,.f ���t �.
<br /> ¢t `�r � gmperty insured agais�t loss by fire.6a7atds indc�ded witlun the term"e�ctended oove�age"aad any other ha�ds. i n c i u d i a 8 � � �•.
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<br /> °;:°'``- ��`; ��:�'�:�„� ttoads or flaoding,for wirich Lendar re4nires�flstim�e.This uunraace s6ail 6e maintained in the amouats and for the p�iads �,���_._��_,:r..
<br /> ` � � 4t r.�,' that I.cader req�izes.'ftie ins�uanoe carrier praviding the insusance sMaII be chosen by Borrower sabject to ixnder'g aPPioYa1 ,� ��r� �,
<br /> �" v e desn'ibed abbve. Lender may.at L eadex's �:,. r a r.
<br /> ,� . ' which adati not be unreasonab2y withhetd. ff BoTrower fa7s to maintain o� eiag
<br /> , • �-`,;' ogttoa,obtaiu ooverage ta Qcatect I.eader's rigkts in the PmPe�tY in swordanc�witb patagrapb 7. < �`S °°��
<br /> �,�4�5, r .,...i C�SU52. �C1 � ��C '.
<br /> /W insw�ance poficles aad r�newals shall be accepta62e to leader and s6all include a staudard mortgage , ,,z� `
<br /> ,` � � ve w[ender all aweipu of ..
<br /> 44( ".
<br /> f � �� � shati have tiie tight to hotd the polides and reaewals.tf t eader mquires.8oirower shalt'ce to the insuranc�e carrier and I.ender. .,., ° y'�
<br /> `' "�.�,: ;-,° P�P�ums and n�ewal notices.in the eveat of loss.Borrower shall give pmmp �,• �z...
<br /> ` 'r n ` " , � ��
<br /> I.�der may matce pmof of loss if not made pmmptly by Bosmwer. � , � �`'
<br /> _ ��� Us�tess Lcnder and Bonoaer ott�eraise agree in writing; ins�{fraceeas s�l1 be ap�to restoPation or ce�gair of the � .. �
<br /> `��S.r �p�/�TII�Cd+lY fIIC TCS�OTdUOD Of.!?,pBlf IS CCOIIOlflILSI�y�@SSI��C 2i1�I.CtldC�'S S0CU11tY 1S QOl ICSSCI10d•If IIIC feStO�ET10D Ot „�� ' `--
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<br /> �,�. �t'�`� t e p a i r is nnt economic�lly feasibte or I.eader's serc�uity wonld i�e lesseaeA.the in�uauct Pm�eds stsat!be a p p�ied to the snms � s� " u:.
<br /> t � u•.
<br /> � � ' t�` to Bomawer. I f B o r r awer a b a u d oas the „ ,:'.
<br /> a �i�-- s�rPd by this S�uit�► Inshvmeat.wh�her ar mot then due,with ac►Y exce.ss Paid : ` ,
<br /> ,.�. , Pmperty,or does n�answer arithin 30 days a notia fmm L�eudu d�at the insuraace�rrl��+s off�ed w settte a ctadm,thas k`;` ,
<br /> �>' f .��
<br /> ,�J.c`.�:,d,:. `< c� rk�
<br /> '_� • •• I.�de�may colIect the iat�uanoe Froceeds. Lendsr may nse the pmceeds w reFair or restorc the Propedy or w pay sams ,. ,� f •_;
<br /> ��-w::-` t w 4=�`; s�by this Se�uity Insorumea�cvhether or uot dien d¢e.The 30-day p�nd witl begia when t6e�aace is given. L
<br /> Unless Lender and Borrnwer athecwise agree in writing,anY eAPlieation of proceeds ta pria�tpal shall not extend or :h-�� y
<br /> � �r,.� P �.-�-
<br /> ,�� t�� postpone the due date of t6e mmithly payments referred w in paragra��hs 1 and 2 or chaage We amount of the payments•If ,:., ,; --
<br /> 4 �u-.. . �°:-z: Borrawer's ri t to insaaance policies and proceeds resultiag from s �� _-
<br /> tmder patagraph 21 tiie Pmperty is acquired by I.eader, � an3' ����- -
<br /> �;;F��;y�s`,;:"- davnage w the Pcopaty psior w t6e aoqni�itian shail pass to Lender to the e�tent of the sums secased 6y Uus Serarity Ins�[�ent 'tf-. • --- "'
<br /> . .`: ,.�,�., a na =`���•
<br /> °.y:i,.V_F,�:ti,.� �acely pnor w the���°n-Mairrt�ance and Peotection of the ProgeKy;Ba�ro�vr�s Loan Appiteattoaf I�asehold�. -.:�,t` -
<br /> ; �+ -
<br /> � witlun da after the execadon of ' _
<br /> - Borrower.shai[accnpy,establish,mid ase the Property as Horrower's principal resideaoc s'i�h► Y� r�� —
<br /> this Setvtity ta�ame�and shafl co�aue w occapy the PmpertY as Bamuwer's principal resideace for at least octe year a8er '' _
<br /> .� �. .�, .
<br /> �` :,�'` �;' � � t&e date of oaupancy. untess Lender otherwise agrees in writidg.wlricfi oonseat sLall nc�t be nnreasonabiy withhetd.m aaIess '-: �t=,---
<br /> .�?,. ;..�r�: esteauamog citcamstances em�st wI�ace beyond Borrower's conuol. Borrower shail not dcti'troy, damage or impair the_ , ;,.5
<br /> I';-.- ''� �Fy` Qcoperty allow the Propesn►w deterior�te.or commit ara.gte on the Prnperty.Boimwer sha116e in defau[t if any fodeique : _:�=
<br /> :�: ;�� -'i���•'''� a c t ion os oeedin g whether dv�1 or c�imi�l. is begnn that in Leader's gnod faith jadgcuent ooutd resnit�fmfeipue of the :4,� _
<br /> . � g r —
<br /> L�`>:"� pcoperty,or etherwise arat�iaUy impair the�t�crosted by tQis Securh9�sd�or Lender's sect�rity i�.Bomawca may � -_
<br /> ,
<br /> , 4� ;,�''` aue such a defaalt and reinscau,as Provided in pam�aph 18,hY caasin$the actian or pmceeding to be di�issed with a mling ` �. ��
<br /> '- ' � des forfeit�ue o f l be Borrow�r's i n t e�e s t i p t d e p r o p e�t y or otAtr mater�al ---
<br /> �:R: tbai,ia Lender's gaod faith determiaauon. precta also be in defantt if -
<br /> �� or Leader s securi intaes� Borrower shaU �.
<br /> iuspaimtent of the lten created bY this SeauicY 1� � ty .
<br /> the toaa luation ve materiallY false or imdavrate information or atate�aasts w l.ender(or f�iled ,'�;��s�'
<br /> ' - ,_:,�. Horrower.during 8PP� Pm�S� ..�..,,
<br /> � � to pravide Lender wit6 a�ry material infomiadon)in counection with tbe taaa evidenced 6y the Note.inctuding.6at unt timited (���,..4.:'� --
<br /> ,`�°- . � `'':��;..�::.�.� to.rePreseasaHong concerninS Borrower's accupaacy of the Property ac a priacipal restdeaoe.If this Security Iasuument is on a . ,'. : :`` -
<br /> F„� ' � :a'.-�'� teasehold. Barrower s6a11 comp l�r witb aU the provisians of the lease. If Boss+ower acqnires fee title to the Praperty. the ' ,,:.e �-_
<br /> �� � leasehotd aa�A the fee titte s1�a11 not merge untess Leader agrees to the mergcr in writing. --'. --_-_-�_
<br /> . '� if Barrower faits to petforra tha oavenants aad agreemeats cantained ia �` �,- -
<br /> <: ��,,`�� 9.Yro4ect�on of H.,eader's�ia ttte QeoA�Y• , - -
<br /> •• • .�N this Security I n saumeirt.or diere is a l e g a l p r o c e�S tl�at maY sign�ficamlY affect Lendcr's rigbis in the Pmperty(sucb as�a �f>' :;
<br /> : , rt SigA �
<br /> ` , ': ;,.::; p�o e e d i n g u►�u p t c y,P��•fos oond�2rion or forfeiture or to enforce taws or reguladons).th�I�ender may do and � , r
<br /> �-�.�� , pay fos�whatever is necessary w PTOtecc tlie value of the Pc+operty and L�e n d e r's ri g hu in t he F c o p e r t y.l.e n d e r s a c t i o n 4 m a y ;
<br /> in caurt. PaYinS . t .��. ���_
<br /> _ �• ' ���`°� ittclade PaY�S �N s�uns s�ared b3+ a tien which has priority over this Secnriry Instrnmen� appearing � `;,:. ` :. ..---
<br /> Althoa Leader maY take acxion ander this paragraph � "�
<br /> . reaconable attomeys'fees aad enteriag on t6e property co make repairs• 8h - ::.:�.i-
<br /> . r ._ � 7,Leuder does not have to do so. ' ::� ;?'�.
<br /> _ • � " ' � pny am+ounts disbatse�!by Lc�der mides this Qatagraph 7 shall beoome addit�ornal debt of BaEmawer secored by this
<br /> '':;:'S'.��` .'`:�;�'",',' �' Saaaity Insaument.L►nless Borrower and lxnder a�ree to other teims of payment,these amounts shall t�ear interes4 from the� :'�s�, ,..
<br /> .,;:.�: • `'z' date of disbuzsemeat at the Note rate and ahall be payabte, with interest. Won notice from Lender to Borrowe�r s�eqaestimS :'„"°
<br /> �� j ' �-'•`:•-' PaY�• mortgage insvraace as a condition of making the laan secared bY ttns Secority �; :
<br /> • 8.Mart�ge Instuance.If Lender req�lred
<br /> ` �. � .,� . i�stroment,Borrower sball pay the premiwns iequired co maimain the murtgage insuranoe in effect. V. fm arry reason. the �,_
<br /> r .
<br /> � . �,< �� �ge��an�e�overa�e roquired bY Lender 1�or ceases to be in eNect.Bomnwer s6all pay tha pre�ums requim�to
<br /> ... - . � � obtain caverage substantially equivalem to the mortgage insurance previously in effo�.at a cost snbstantialtyr eq�sivalent to the _. ,_:. �:
<br /> , � .' '•? oost to Borrower of the mortgage inswance previonsly in effect. from an altemate crcortgage insurer appmved by I.eader. Ii :,:;,:. ;��,
<br /> ,::+;: :? `.:� � - r,�
<br /> - • substaatialty equivalemt mortgage insarence cove;age is rtot availabte.Borrower shail pay to l�nder each month a sum eqnal to .:
<br /> - .- �-. ono-twelfth of the yearty mortgage iasurance preminm being paid by Barrower when the insuian�e caverage lapsod or oeased w •-- .- '.-:�:.,�
<br /> ;� :. � .
<br />, - � . ,',.�����' be in effect.Lender wiil accept.use and retain these payments as a loss rescrve in lieu of monga�e insurance: Loss rese:ve - : .. .
<br /> ;:;',� ' . Fortrt 3028 9180
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