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<br /> _ � = F 5. Hez�rd os Pr�aPe�rtY Ins�uance. Baaower shall � the impmvements now existing or herea8er erected aa the 'r� ` , �:
<br /> �x--_�_:. • �� � �t�` -
<br /> t . "�" ` `T pmpeity insured against loss by fire.hazazds inclnded wuhim the teaa`extended covezage' and aay other harards, induaing f
<br /> 'E c � ` � floods�nr flaod'mg,for whitfi Lender�eqttites insosance. This insuranoe shaD be maintaiaed in the amounts�d for tl�e periods � <� <'
<br /> ;` `� ``: . � that I,ender requi�.T6e imsutance carri,er providing the insnrance shall be chosen by Bormwer sub}ect to L�ender's appmval - >° .
<br /> �'.�'�` <.�. '�:�:'^� which s6a11 not be tm�easonably wi4hheld. If Bomower fa�s w maintain ooverage descn'bed above. Irender maY, at I�eader's � `..,�ti°,r�`. .�, `
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<br /> ��`: ' ` ^_ �, oPtioa.obtain oavera8e w pmtect L�eaQer's rights ia she Property in aocordance with paragraph 7. � �<�r ` b<� s:
<br /> -_�„ a.F . __. � . pu insus�u�e polides and reneaials sbalY be aaeptable w L�der and shall inctude a standard mflrtgage ctause- Lmder
<br /> �« ,�,
<br /> �f ' `� shaU have the right to hold ttte poliei�s and reaewals.If LRader requices.$ormwer sball promPUY S�e to I:ender all�eoeigu of � ;- , �.:
<br /> g st:�,. ' �'• i s � -
<br /> :. t. � .
<br /> " . p a i d p r e m i n m s a a d i e n e w a l n o d ce s.In the event of lou.Borrower shall give prompt notice w thc insurance carrier and Leader. � . : __.
<br /> - _ --. __� �er may mage proof of toss if not made PromPUY hY Borrower. ` - -
<br /> � ' a�"" shall be lted w reswration or repa�r of the Ps� �,s «,�N �,_
<br /> � ` ' Y ."°'�=. Uak�L�ender and Barrower otherwise agee in wriring,insurance P�+oce�s �pp.
<br /> s ,,--._..
<br /> � � ' ',� �P�Y��•if the ieswratioa or repair is economicaUy feas�le and L+eader's sec�uity is not lessened.If the restoratioa or '.�� f u ' ,:
<br /> �,�'� ,: repa[r is not eooaomically feastble or I.eadec's secauity wonld be tessened.the insusaace proceeds shaU be applied w the s�ms s,,,. .
<br /> �� .: � •• �b3+�is Se�it3► Iasa��whether or not then dne,with aa3►excess Pai d to B osower. I f B orrower abaadoas the � ,' '.
<br /> - - _ Pra g e t t y,or does not answer withia 30 days a aouce�rom I.eader that ihe insarance curier 6as offeced to seate a claim,thea �`£ _ <_G-
<br /> � � �• .. or to snms .��T--�
<br /> �;..` . ;;�- Lender may collect the�nsarance pmoceds- I.eader maY nse the pm c e e d s to sepaa or r e s wre t i i e P r+o p e r ry P a Y _ _ ;.f-'
<br /> ��. , seas�ed hy this Secarity Instiramcnt,whe.ther ar not then dne.The 30-0ay periad w�begin when the notice is given.
<br /> �' . y Untess Leader and Boaowec otherwise agree ia wtiting, aaY aPNic�on of pmceeds to princiPal shaU not e�end or : < ��"
<br /> ?> ` ,� ` '' postpone the dae date of the montblY Payments n�f'�d w in paragraphs 1 aad 2 or change the aznnunt of the paymenu.If nnder ' .` .
<br /> ,�-�,: .- -:�r paragrapL 21 the Prope�ty is acqnued hY Le�der,Borrower's right to ang insurance policies aad proceeds resoltiug from �.
<br /> F: damage w t6e ProP�Y Prior w the acquisition s6a11 pass w I.euder w the cauent of ttte svms secured by t6is Seauity 1nsu�ent °Y .`
<br /> � ��; ` �jY Prior w the a�tion.
<br /> Y��x r� 6. •Pk'esel vStfoilr�teiisuce 0IId P[tlteCtloA oY thE P[o�lyi Bo1TOwes''S Lo3II Applft8tlo�;LeSSeh01d9. tr;�f .
<br /> c�n , a ��1,,,tt � � S�EC!�C CACC11tl0II Of r �.�'r �
<br /> . t�••7 1'"' y -,'r� �' ��1V�3uau�y,��,and use the PrapertY as Bouower's principal residence witbin sixty day _ ..
<br /> :,,;�";�F� . `� : this Sec�uritY Iasaument and shall continne w oaupy the PropenY as Bonower's prnuipal nsidence for at teast oae year after ____;;;�.:
<br /> ,�- - � �,' ttte date of occapancy.unless Lender oshecarise agsees in writing,which oonsent shall not 6e unreasonably withhe3�,or ar�ess :;�.�`„.,�::
<br /> � ;.` ,�'r; e�g �nces e�sc which ue beyond Boaoa�er's control. Bormwer s6a11 uot desuoy, dama8e or impair the . �" .� �
<br /> '., , ,: : Property,allaa+the Pmperty to daeriorate, or commit waste on the Propeccy.Bonower shall be in defautt if a�r forfeitare � _ _
<br /> A,r� _�'...'. �, _ action or pmceeding,whether civ�or cdminal,is begun that in I.ender'�good€aith judgment could result in forfeiture of the ,'u `�::
<br /> � ''� •� �
<br /> � property or othe:a►ise materiallY impair the lien created by tlils Sec,o�ity Instmment or L�uder's security'snterest.Borrower may r
<br /> �' � `� cuie sach a defadt and reiastate,as provided'm paragra�h 18,try rausing the action os proc�eding to 6e dismissed with a tuliug ,a � -.
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<br /> y thas, ia l�ender's good faith daelminaaon. Prectudes farfeiaue of the Borc�wer's mterest ia the Property ar other�al
<br /> 'f fmpai:meat of the lten cceated by this Seauiry tnsavmeai or Lender's securiry uiteresc. Ho:rower s�l atso be in dcisult if F� .
<br /> � � ; :`� Bonawer.dm�Iag the loan applicat�on pmce�.8ave materially false or inaccorate infotmatiuon or statemenis to I.ender(or faited ' + r;��n,
<br /> — --- w provi de Lender with any material iuformatioa}in coaneciian with the loan evidenced by the Note.includin8,but not limited _,, p—�'�
<br /> .�-" ., '` w.rePresentadans conceming Bc�rrower's oecupaacy of the Property as a principai iesideace.If this Securiry Instsuraeat is on a
<br /> �:�;'' •�` ; •.-���; cvith ali the pmvisions of the lease. If Bonower acquises fee tide to the PcoPertY. the : ;__ '--_-
<br /> leasehold. Borrowet shall compty � .
<br /> ?. ` ': `� leasehotd aad the fee title shaU aot merge ualess I.eader agsees to the merger in wrlung. ��_;" � ,
<br /> •,� ,� � • • 7.Protedton of I.euder's Rights in the Propecty.If Borrower fails to perform the covenants and agreesnents contaiaed ia x. _.:`_ -
<br /> �: Y., :. ...�, , :
<br /> � � `<. this Secarity Insa�unenb or there is a legal proceEding that may significautly affect Lender's r�gMs in the ProPertY(such as a
<br /> �:F ,`;-,, - . • proce�ing ia bantauptcy,probate,for condemnat�oa or fo:feiuue or to enforce laa+s or regutatioas),then Lxader may do and _ _
<br /> �a . ' � :. � '.'� ' pay for whatever is necessary to pmtect the value of the Properry and lxader's rights in the Property. Leader's actiAms maY . -
<br /> ���.• � ... � include Payi� anY sums secvred hy a lien which hag priority over this Secarity r.,�r.�,�,�, aPPeazing in court. Paying
<br /> �� �._ , .
<br /> �.�. _f` rea4onab2e attameYs'fees and eatecing on the Property to make repai:s.Although Lender may take aaion under this pazagrapb � :;•
<br /> �.:,•. .. � � � .
<br /> .�,s:�-; ; , - - . - 7.Leader does not ftave w do so. .,:•_ ..s�"
<br /> `.",`, . , .. . qny amourus disbursed by Lender under this paragraPh 7 shaU become additional debt of Borrower secured by this • ;
<br /> ;�:.:.:.- . :
<br /> ...:4��, .. . gea�rity Insuument. Unless Borrawer and l,euder agree to other tertns of payment,these amounts sba11 bear interest from the .
<br /> ��' � date of disbursemeat at the Note rate and sha11 be payable, witb interest, upon nodcc from Lender to Borrower reqaesting : �, :,•°.;,�
<br /> .�:�:t:: • � ' .
<br /> i;;•.°; . " . . paymeat. `
<br /> �,:..,�� • . �,�> �
<br /> �..}�.<t .. � . � S.Mortg�ge Insurance.If Lender required mortgage insurance as a coadition of makiag We loan secured by ihis Securiry ..._
<br /> r
<br /> ,t' '� • .. . , �'�' Insuument. Bonawer shail pa5► the premiums recNired to maintain the mortgage insurance in effect. If, for any reason, the
<br /> --���:�'�r ••' • , mortgage insvrance wverage required by Lender lapses or ceases to be in effect,Borrower ahall pay the pmmiums re9ulred to
<br /> �:;�; �_�, . � obtain coverage substantially eguivalem to the mongage inswance previously in effect. at a cost substaatially equivalent to the
<br /> • , ' . cost to Borrawer of the mottgage insmance pt'e�+iovsZY ia effect. �rom an altemate mongage insurer appmved by Lender. If • •
<br />..:�•�.:��°. .. `_ . substantially equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each montb a sum equal to . , _.
<br /> � ��'� � ` • ' one-twelfth of the yeazly mortgage insurance preminm being paid hy Bonorver when the insurance coverage lapsed or ceased to
<br /> _ P. .: . . . .
<br /> �� , be in effect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgage insvrance. Loss resen�e
<br /> s � . � Form 3028 �
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