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<br /> — ` � �•�' 5. Haaerd or Pmperty Ia.se�n�'e. Borrower s�all keep the improuemenu now existing or hemafter erected on the _ �'2 .;-
<br /> ;� .--x.-� < ' -
<br /> � , .� ,• �- '- p,nperty insured agaiast ioss by fire, hazards incladed�vithin the term "extended coverage' and any other hazards. 'snctudim8 `Q :
<br /> ,<.E�` � � floods or flooding,for which Lsuder nQui�es u�s�ua�C�.������1 be maintain�in the�utounis and fot ihe periods
<br /> :.� � .`:.:g� lhal Lender�uiies. T6e insarance cazrier providing the u�surencc sha11 be chasen tsy Borrower subJect to I.ender's approwdl `� r ,5.: :� ':.
<br /> � ���. which shaU nat be unreasonably withheld. If Borrower fa�s to maiatain ooverage desaibed above. LBnder m�y, at l.eader�s � ° y ;Y �.
<br /> -��� '••
<br /> ;�,.�.4.r �. _ �,GS� opi'son,o b t a i n ooverage w p m t e c t l.e a d e r's ri g h t s in the P r o p e rt y ia accordance with pa:agrraph l. � - �.� rµ�..
<br /> ~ � � � � pu i.,m,.anre policies and reaewals shall be acceptable to Lender and shall include a standard mortgag,e danse. Lender � -t : ._
<br /> � r,z � p mp ve co�Ixnder all recei u of � ' '`
<br /> ��, t � � �; stwll have the righ[to hold[�e policies and Teae�vals.If Lender sequires.Borro►ver shaU ro tly gi P � x r
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<br /> _ �- � �^ paid ptemiums and renewal norices. In the event of loss,Bortower shall give prompt notice to t he insurauce carricr and Lender. _ r -- -
<br /> :��:,"�, .•`"sr- ;- Len der may m a k e pro o f o f l o s s i f n o t m a d e p r o m p t l y b y Borrower. � _j :
<br /> raceeds shall 6e applied w restoration or repair of t h e � '� ;•.-��...
<br /> - � ` ���`- ' Untess L,euder and Bormwer othetwise agree in writing,insu:ance P
<br /> � $ � ,•_
<br /> r ` proP�y d�aged,if the restorarion or repair is economicallY feasible aad Lender's seauity is aot t�.If the►�estaration or `
<br /> ¢. ;i..�,. � =: repair is Aot econoarically feasibte or Lendec's securiry would be tessened. the insutance prooeed4 shafl be applied to the swns _
<br /> ` , ` secured bY t6is Security lnsuument. whethcr or not.then due, with any eacess paid to 8orrower. lf Borrower abandons the t;, Y,,,`,;
<br /> ��- or does not answer withu:3Q daYs a notice from I.ender►hat the ins�aase ramer 6as of�+ed to senle a claim,then � , .
<br /> - -- PioPertY• roceeds. l�eader a�aY use the Qroceeds m repair or�store the Propecty or to pay sums F, .:_
<br /> y� 'k ; Lender maY collect We iASUrauce p
<br /> � secured by this Secutiry Ir�umeat.wheiher or not then due.'l�e 30-day periad will begin whea the aotice is given_ S *, •
<br /> �-� ° . . -= Unless l.ender and Borrower othernriss agiee in wriiing. anY aPPkcatioa o! pmceEds to principal shaIl uot extead or
<br /> �;, .. . - - - postpone the due date of the montbly paymenu refecmd to in paragraphs 1 and 2 ar cbange the amount of the paymeats. If -
<br /> � ;' uuder paragraph 21 the Property is acqaized DY l.ender.l3orrower's rig�u[o any insuranc�paticies aud pmc�ds resuttmS from Y
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<br /> `' �``•�k�''�4 - - damage to the PropenY Pnor to the acquisition shaU pass to l.ender to the eateat of the sums secured by this Secariry lnsauwent � .., ,y_.:`-
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<br /> a�.. :_' �mmediatety prior to the acquisiuon. g��ver's Losn A on;L�2ds. , ��� -
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<br /> - •:f��:. :• .� b-pc�vPanci'+Preservatiou.Mainteaaace and Pmtectton of the Yroperty; s aRer the ex�utioa of �,
<br /> .,f.•-�:'..� ``;'�:.. Borrower shall occupy.esiablish.and�se the Property as Borro�rer`s prineipai residence within siatyr day --.�:-:::-<u:-
<br /> v-' • � �e as Borrower's principal cesidence for ai least oue year after ,F:�i.—��%.
<br /> ,. , .�� •:� •.�: this Securiry Enmumeat and shall contimu eo a�aPY �°PertY ,,,��
<br /> ',�� � . the date of occupancY•unless Lender othenvise agrees in writing,which cnnunt shall aoi be unreasonabty withheld.or ualess ..
<br /> ,; J•' . ��::• extenuating circamstaaces eacist which aze beyond Borrower's co�4 Bort�wer s6aU not desaoy, dazna8e ar impair the . '., }.�
<br /> .�, > .. .` Horrower shall be in default if auy forfeIture , ,. �'
<br /> - '- . .,__�...�.�..�k•y.� graperty, aUow the Propesty w deteriorate,or rnmmit wacte oa the�rope�ty- ;...�:� .
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<br /> "' ,-• � 4, -__,'_,. astian or praceedin€,whether civil or criminal, is begun that ia lcader's good faith judgment coutd resatt in farfeinue of the `s_J-;_�...
<br /> � ` ;3�`, ,, -: . propeny or othe�wise mate�iailY imPair ttse liea c�eated by t�is SecuritY Instsu�eat or Lcnder's securi�y intecest.Bormwer may � 1
<br /> h 18,by causin8 the action ur proceeding co be dism�ssed wah a niling � 4ta�y:
<br /> cure snch a def�tt and reiastate.as pmvided ia paragrap or other material _
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<br /> <� ' , ':. � tioat. iu lxnder's goad faith detenminalion, gsesludes foifeittue of the Borrower's a�terest ia the Prope�ty � `
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<br /> mtecest. Borrower shaU also be in defantt if
<br /> impaimsent af the lien created by this Seauiry Iasaument or Leader•s sec�rity-
<br /> �``.� the loan licatioa mcess.gave materiaUy false or i�aexurate i a fo r m a t ion o r s t a t e m e nu w l�nder(or fa�ed �G,:",
<br /> Y, ,. . Borcower,during aFP p
<br /> .� i -_ '--_ .� [o provide Lender wiW any material uuommtion)in conuc�tion with th2 taaa tridea�ed by the Note. including.but not limited _ -
<br /> r • . ?.s, � Bomnwer's accapancy of the Propeccy ag a PzinciPal residence.If this Securiry Zasuumeut r ,"
<br /> co,rePreseatations concerning .
<br /> =_,f.i .`• • ; � teasehotd. Borrower shall campty with ail the pmvisiong of the lease. If Borro�+er acqaires fee titte to the Progeiry. the ._
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<br /> ��� 5;�;�; . ieasehald and the fee ride shalt not merge unIess l�nder agcees to the merger ia wri[ing. . .•:, .�::
<br /> contained in ; �,.�-:�._-:.
<br /> ':.�,��_t • .� � . � ,` 7.Yt+nle�Foa of l.endes's Itights in the Ptopetty.If Boaower fails to perfoim the oovenants and ag�eemeu[s ° .,-.
<br /> .,,..s��:�. ,' � , .; this Security Inswment. or there is a tegal pmceeding ehat may significantly affect I.ender's rights in the ProP�Y t�as a 't:°,.
<br /> ;`°'�;u`:• � - �t;'` Proceeding in banlauptcY•Probate.for condemnatioa or iorfeinue or to enforce taws os regulations).theu Lender may do and ;
<br /> . . .r.. '- pay for whatever is nece.ssaiY to protect the va[ue of the prope�tY and i.ender's rigdts in the Propeccy. l�nder's act�ons may
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<br /> - �r' • ia coum. PaYmg ` •:<".
<br /> '.,r:::� � . •"�!'��. inc[ude paying a�Y sums secuced by a lien wPrich has prioriry over this Secunty Instruucent, �PP��� .
<br /> • reasonable attomeys' fees aad entering on the PrnpenY to make repairs.AltGocigh Lewier may take astion uader this paragraPh .
<br /> ';-:�;`�- ...:' ,.; � 7.lender dues nothave co do ao. - - -
<br /> �i ,; i :� pay amMint¢�lisDursed by Leader undec this paFagrapb 7 sha11 beco�e additiona! de6t of Horrvarer secured 6Y•t1�is . .
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<br /> ,. _,,.; . - .: `. Security tnsu�ment. Ualess Borrawer and Leader agree ta other terms of payment.�hese amaunts shali Dear intecest from the
<br /> "�� ��;�� •. date oY disbussement at �he Note rate and shal! he payable, with iarerest,upon nodce from Lender to Bormwer re4nestinS
<br /> ' � '� ` �
<br /> ��:�;:.:�t� paytueut'
<br /> �r 1,:. . _ S. l�iortgage IaSUramee.If Lender required mongage iasnrance as a caadition of making the toaa secured by this Senuity
<br /> � t , lastrument. Borrower shatt pay cflc psemiu�ns requi�l to �� �e rnortgage iasurance in effect. If. for any reason.the
<br /> _i..4`.._,";
<br /> . ' , •. '� mongage insurance coverage required by Ixnder tapses or ceases to be ia etiect.Borrower shaU pay the Prem►ums Ieqwmd�°
<br /> � �� ;+r�` , obtain coverage subs�antiaEly equivatene[o the mongage a►sw�ance pzeviously in etfec�. at a c�st substantially equivatene co the
<br /> �'�':�`"_ � , cost to Bocrower ot the mortgage insurance previousty ia effest. from an aitemue mvrtg�ge ins:uet approveci by l.endes. [f .
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<br /> -j. ; .� • ... substantially eqvivalent mortgage insurance cov�rage is not avaitabte.Borrower shall pay to Leades eacls monE�a su�n equal Eo
<br /> � ;`; '�, � orte-tweltin of tne yeariy mortgage insurance premium 6eing paid Dy Borcvwer when the insurance co�erage lapsed or ceasec!co
<br /> r° �� . � ' , � b e i n e f f e e t.L e n d e r will acc e pt.use and retain these DaYmenes as a toss ceserve m tieu of mortgage ►nsurance. Lass sesecve
<br /> ':�i��. ' .' ; farm 302$ 9l90
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