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<br /> «, U�snran�e. Borrower shall keep the i rovements now exisang or kereafter erected on �he ` 4 z�{�.; :-
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<br /> -__ ,.'= .:--��;�._,�4.r Prope� insured against losc by fire. har�ards iuctude� within the tecm 'ea�tended�roverage" and any other hazards. including ; �
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<br /> - _ : .•4� ftaads or tlooding. for wiuch I.ender requires insurance.This insurance shail be nuvntained in the amounu aad for the periods ��f�.:;:`:.r,E;,. .
<br /> `, r, that Lender requires. The in�wance carrier providing tfite insurance shall be chosen by Borrower subject to Lender's approval �°. -
<br /> =�'�. ;.��[;_ '�-t. which shall not be anreasQrmbly withhdd. If Horrower fails to maintaia coverage described above. Lend�r may. at L.ender's Sa -` � c _ 4.
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<br /> _i. �;°•�`�_� optian.obtaia cover-dge to protect LendePs righu in die P[operty in accordance with paragtaph 7. � . •
<br /> _ .".,°y:;t � �'�:.� All insurance policies and renewals shali be acceptabte to Lencier and st�a!! include a standard mortgage claase. L.eader � 'y` ��..:�..;zr<...
<br /> �: ve to Lcader all recei of � 1 ;� .;
<br /> s `��, � `. . t shall have the righc to hold the policies aad renewats.If Lender requires.�Borrower shal!grompdy gi P�
<br /> � �=•,�, paid premiwns and rese�val notices.In thc event of toss.Bnrrower shall give prompt notice to the insurance ca�sier and Ixnder. � �'f�, z . '.
<br /> ' Ler.der may make proof of loss if not mide promptly by Borrower. � -
<br /> *., Y�- _ ._'.,---�-?;, Unless Lender and Borrower othenvise agree in writing.iosurauce proceeds shafl be a�lie�to reswrarion or�air of the -, ... .=� =_
<br /> `' �';, PtropertY damaSed,if the restoration or repair is economically feasible artd l.endei s security is not(c5sened.ti the restoration or � << �t ;�. .�`
<br /> �:°��` r 4 'c repair is aot eoonomicaliy feasible or Lender's security would be tessenecl.the insurance proceeds sha11 be applied co the sums " ti� .�
<br /> �''- � :-..�::�, ��``•�� secured by t6is Securicy inYuumen� wdether or not then due,with any exoess paid w Borrower. If 8orrower abandons t6e :�'�t�•: .`.-. �t._-
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<br /> Y�. �.v Property,or dces uot aaswer within 30 days a aotice from[.ender that the insurance c:ut►er has offered to settle a claim,then _ �
<br /> `t c . Lender may ooltea the insntance prooe�s. l.ender may use the proceeds to iepair or resEore the Property or to pay s� ,�".` ` ;
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<br /> '��` p 'y seatted by t6is Security lnstrument.w h�h e r or a o t t h e n d u e.T he 30-da y periad will b e g in wheu the notice is given. •�4 > •y "
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<br /> r�;' ;"_.yr Unless Lender and Borrower otherwise agree in writinS• anY aPPlication of proceeds to principai sha13 aot ext�d or `' 4 � L•
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<br /> _� �;.- , - puytpone ihe due date of the monthlY payments referred to in pata�aphs 1 and 2 or c6ange the araouat of the paymeats. If �,; y
<br /> ' �i�;. < - under P�B�P�21 the Property is acquired by Lender.Borrower s right to any insurance policies and procee�ls resulting from '�° y ,� ,:
<br />;_,. � -_ ,, �4 . ., _:: damage to the Property prior to the aoquisition sha!!pass to Lender to the exteat of the s�ms secured by this Sec�uity I n s i r u m e a t ' �,`��;
<br /> ` '` � ��Y Prior to the acquisition. �� � ..
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<br /> ` �-� t= . 6.Ooa�ancy,Pn�wvation,Maint�auce and Prote�ton of the 1'rope�ly:Barmwe�s Loan Appliwtion;[.easedntds. �' _
<br /> �-�s ,•.. ' � �� Borrower shall occapy.establish.aud use the Property as Borrower's principal residence within sixty days after the execution of _rT =
<br />-�•i.-- Y- -.::•',.;�::` this Securiry insuament and shall oontinue to oocupy the Praperiy as Bormwei s principal residence for at least one year after _ *;t:y r-
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<br /> �._ '. .. `�.:� . thedate of accupancy.unless Lender otherwise agrees in writing, which consent shalt not be�sonab}y withheld.or unless '° ,
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<br /> :- •;�� - -� .-" . ea�tenuating circamstances exist which ase beyond Borruwer's conuol. Borrower shali nat destroy, damaS impau �_.
<br /> ; , �h.,...'�. •4: , .'i:��;� Property.allow ttte Property to deteriorate.or wmmit waste on the Property. Borrower shal� be in defaalt if azry fosfeiture •...�:Y.
<br /> ���ti.y� acdon or proee�ing.whed►er civil or aiminal,is begun ttrat in L.ender's good faith ju d g ment co u t d i e s u lt in forfeitare of dse ��
<br /> �� i1i'� .. , f'� E`'- ProPerty or otherwise materialiy inipair the lien created by this Secutity InstmtneM or lxnder's se�wity imerest.Borrower�y � ,
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<br /> _ '.:;,. ��. cure such a default and reinstate.as pmvided in pardP,raPh 18,by cansing the action or proceeding to be dismissed with a mling �:,
<br /> •«' ,_ �;==y '`�r,::` that. in les►der's good faith detertninauon, precludes forfeiwre of the Borrower's interest in the Propercy m'o t h er mat e ri a l `�,`�a-.
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<br /> impairmeni of the lien creat�Dy chis Serurity [nstnuneat or Lender's sewrity interest. Horrower shall atso be in dvfautt if
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<br /> `' Borrower,during the toaa application process.gave materialty fafse ar inaccurate information or statemems to Lender tor failed �;;�� _.
<br /> �•.x-� '•' • ` ''. r.. t to provide Lender with any materia!information�in connection with the toau evidenced by the Note,including,bnt not limit� . �
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<br /> - ,+:`;.' ,. . � .." "- '. to.representations conceming Bor�wer s occupancy of the Property as a principal residenee.If this Securiry Instroment is an a ,. :i.,�,;.
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<br /> '��:::,::;.�;•.'� ;� �_ _ `.� leasehoid. Borrower shall oomply wit6 all thc pmvisions of the lease. If Borrower acquires fee tide to thc Property, the � ;_f.,`__:
<br /> �, � . '� ? le�.asehold and the fee dtle shall not merge unless I.ender agrees to the merger in wriring. '•� --
<br /> ��:. ::.,:. t�.: 7.Protection of I.endee's Rigttts in ihe Property.If Borrower fails to perform the covenanu and agreements contained in :.�{ ,
<br /> � i this Security Instrumen�or there is a legal proceeding that may signiftcandy affect l.ender's rigttts in the Property (such as a �t '
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<br /> proceeding in bankruptcy.probate, for condemnatian or farfeitwe or to e��'oroe laws or reg�ilations),then Lender may do and , r-
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<br /> '�`'.:,y ; `. . � pay for whatever is necessary to protect the value of the Property and Leades's righu in the ProPerty- Lender'a actioru maY '`�'�;.:. '.
<br /> � _ •`� 4 include paying any sums sec�ued by a lien which has priority over this Security Insuument, appeazing in court. paying ?; �;
<br />� `�` � c+easonabls attomeys'fees artd entering on the Property to make repairs. Although l.ender may take action uader this paragraph �'
<br /> �' '' ` 7,lcnder does not have to do so. �
<br /> � � Any amounts d'ssbnrse� by L,ender under this paragcaph 7 shall beoome addidan a l de bt o f Borrower secur e d by t h i s "' ' F
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<br /> • gecurity Instrument. Untess Hortower and Lender agree to ather terms of payment, these amounts shall bear interest from the
<br /> ,�;,;" . . ' date of disbwsement at the I�tote rate and shall be payable, with interest. upon notice from Lender to Borrower requesting .
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<br /> °,g r 'f • 8.Mortgage Insurance.lf l.endu required mortgage insurance as a condition of making the loan secured by this Sec�rity .
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<br /> s;� � � ,' . lnstrument. 8orrower shail pay the premiums required to maintain the mortgage insurance in effect. lf, for any reason. the
<br /> .. , � . �'� � mortgage insurance wverage required by l.endes lapses ar ceases to be in effect.Borrower shall pay the premiums required to ,,f::,,:,
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<br /> - - . _ obtain coverage substantially equivalent to the mortgage insurance previously in effect.at a cost substantially equivalent to�the ;
<br /> ' ' • cast �to Borrower of the mortgage insuraace previousiy in eifect. from an altemate mortgage insurer appmvcd by L.ender. Ii • •2 �
<br /> �:x�`;�•� ,". ,,� :,: ,�. �• � substantially equivalent mortgage insu�ance coverage is nat available.Borrower shall Day to L.ender each month a sum equal to • �.
<br /> ' . ' ' one-twelfth of the yearly mortgage insurance premium being paid by Bonower when the insurance coverage lapsed ar ceased to .-:::;
<br /> �'��� Y� � be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ' �:"_;:
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