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<br /> - ,�,� ���., 5. HazaM or H�operty tastuaace- Borrower sLall keep the im�►rovemen�noar eaosting or 6ereafter erccced ou the . ..�t :�c,'.
<br /> a�;�` - prop�y��� bnss by fire,h27acds iac2uded within[he tesm'e�eaded coverage� and any othes hazards,mduding _
<br /> �� shall be maintainedin the amountsand for the periods
<br /> -`x'; . ` � floflds or flooding,for wluch Lender�equi�,esinsarance.This iasn:aace i
<br />--"��� � "� ' :s � the insnraace shall be chosen by Barrower subject to Lender's approval - . . : �'
<br /> --���'� t� ` - �� i�t3t�.CQ�Cf[Et�UITCS.�1C lDAI]tBItCCC81TICf(lfOV�dID$ 5}18 ''r,_'. -
<br /> -.�.. ,_.:,� ' wh'sch shall noi be�mreasoaablywithheld. If Borroarer fa�s to maintain coven8e descn'6ed abm�e, Lender may,at Lende�s �.. ��=:'_;
<br /> '�j�� . . , option,abtain coverage to proted Latde�s rights in the Pmperty in aocordaaoe wiit►FaragtaPb 7.
<br /> d�� . Ie to Lender and shall iadade a standard mortgage clavse. Leader �` ' .
<br /> - `•` pll iasarancc pali�ies and reaenrals st�al!be acoeptab - --
<br /> �",: ... shatl havc the right to hold the paliaes and rene�vals.If I.eader reqnires,Borrower shall promPtiY give to Leader all receipts of , .:
<br /> -��. ` �--�� rom t notis�e to the iasurance carrter aad Lender. ;,
<br /> �" .-�`�� p a i d p r e m iumsand renewala�tioes.in the eveut o f I o s s. B orrower s 6 a ll give P P ` "4�,
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<br /> `'�"'�'��'' BO[iOWCL •� �.
<br /> - Lender may make proof of loss�not made prompdY bY Tced W restararioaor r air of the a__ , :.'.� .
<br /> - ��. °• iasuraare raceed5sha1!be app eP
<br /> ;� �� - � . UnI�1.�aderandBorrowerotheiwiseageeinwritmg� P 6 '�' "�
<br /> l.eader .':�:�-
<br /> . . . .._.��� pr�r�yr damaged,if the restarationor repairis eeuuomically feasi'b2e aad I.endels security is not lersened.If the restorationor _
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<br /> - . repair is not economically feauble or I.ender's security wot�ld be lessensd.t6e iasuraace procceds sbalt be app}ied to the sums _ �..:
<br /> �. ,`�� ���'' secured b t5is Security In.�ent.whether or not thea due,with aay excess paid w Bonawer.tf Hoaower abandous t6e ;;. ',`-.'•
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<br /> < < P r o P e r t Y,o r d o e s n o t a n s w e r w i t h i u 3 0 da y s a notice from Ixndcr that the+��,•a••oe carrier has offere3 to settle a claim,thea :. G
<br /> �: =_ i 1 or restore i h e P ro or W pay s u m s '�
<br /> • i.e�d,.°:ma;c•,}lec* the incnrance nrr�eced.s.Lender may use the proceeds to repair P�Y t -_ �::
<br /> ` s secared by thi�s SecuritY Instrument,whethec or uat then due.Tt�e 30-day period w�l be�n when the uoticx a�u. —
<br /> �- < - �i Uu(ess I.ender aud Borrower otherarise agree in anting, �Y aPP��on of praceeds to priaripal st�all not e�end or �:`£.T..
<br /> , � _ g ee
<br /> ' � ' �r f P�Pane the due date of tbe monthlY PaYments refernxl to ia paragraphs 1 and 2 or change the amount of the Qaym�ID ; �'�,,-
<br /> `. _;�;` . t= ; uader parag�aph21 the Propercy is acqticredbl+Lender•Borsower's right to aay ias�anoe poli«es and proceedsr�8
<br /> '°''A �` � damageto the ProP�YPrinr w the acquisitioa shall pass to Leaderta the extent of�he sums secvredby this Security instiument - ;�_,:
<br /> :�� . • . ° immedia�ely prior to the aequisiEioa eholdg. ��°` -"'
<br /> °�'�`-' - ' • 6.p�sucy, R�ese�vatlon,Maiat�aance and P�+otectio�o!the Aro�rtp; Borrawe�s loan ApplL�catfnn:Lea� °};'�;
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<br /> ,� . ' ' Borrowershall occupy,establisb,and use t6e Praperty as Borrowec's priaapal resWencewithin sixty days after the e�on of
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<br /> •;�;• ` � this Sec�►I�sb�entaad s6a11 continue to occapy the Properey as Borrower's psinapal resideaoe for at IeaSt one year after
<br /> . , _ . � � the date of o ual�Lender athe�wise agcees ia arsitiog.whicb coasent shall not be na�easonably�eld.m� � _ _��
<br /> � , � °��Y� :: �:
<br /> i ; , ; e�e n u a t i n g c i r a u m s t a n ce s e�t w h i c h a r e b e y o n d B o r r a w a r's c o n t r o L Bonower shall not destroy. damage or imPai� We , � �=
<br /> ..� -- . ' Pro e aIIaw the Propesty to deFeriorate.or �mm's�waste on the Property.Borrower sLall be in defanh if aay forfeidue
<br /> r,; - .°F P �1+• ent ooutd resntt in foifemue of the r ` .���:-
<br /> '�� ceeding,a�ether civil�criminal.is begua t4at ia Y�uder's good faith j¢dgtn �<
<br /> ` �''`�_ • . � acaon os pra S ��tur Lende�s sec�ity Bosrowerma - ? ,:f..,,�-
<br /> `•. . I'ro or otheiarise mat�eriallY�I�i*t�lien createdby this e�avity interest Y . -r=
<br /> �� provided ia 18,b9 causing the actioa m praceedm&to be dLSmissedwifh a ruling °'r ;s d
<br /> �1 f , �`•� cnre surh a defa�ilt and rei�tate,as P�aP� �` `"
<br /> ",°�'����•• � � t h a t,i n L e a d e r's good faith detennination.Pre�ludes forfeitare of the Borrower's interest in the Property or other material '� :_
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<br /> .:.�t,:�.' • unpairmentof the lien createdby ttis Security Insuumentor L.ender's security intet e s t.B o s r a w e r s h a D a l s o b e i n d e f a u l t i f ...";;'y.
<br /> •l.'r-:;- ' � Bonawer,dwring the loao application proress,�ave materealty fatse or inaoeurateinformationor statementsw Lender(or fa�ed __ -:,
<br /> ,. P'��;� . to provide Leuderwith any materialinformation)in connectionarith the loan evidEncedby the Note,includ"in&,but aot limited ':.: '
<br /> ''';'`�_";.
<br /> to,representationscwncemingBorrower's oceupancy of the Properryas a prmapal sesideace.If this Secarity Iastrumentis on a -' .�'.°-`
<br /> : �:y'�'� - teasehold,Borrower shafl eomPly with all the pravisions of the tease. If Barcc�wer acquires fee title to the Property,the
<br /> .,�,+,•� � . � . . " •teasehoW and the fee title sbaU not mergie unless Lender agees to the merger ia vvnting. �
<br /> ` � ' � 7. Qrotection of Leader's �is in thx Property.if Borrowerfa�s to per[ormthe covenantsanda�eementscontainedin
<br /> %-���:;; .. � ' ,...t} tE�i,Securiry Instrvment,or ihere ia a legal praceeding that may sigpif cantty affect Lendei's rig�ts ia the Praperty(sucb as a ,• ....
<br /> ;•":•,..: • . � • : � Proceeding in bankruPtry, Probaie,fm condemnationor forfeitnre or w enfosce taws or regulatioras).thea Lender may do aad tl�'.. � "
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<br /> � :�'�_�-� �;:� pay for whatever is necessary to protect the vatue of the Property and I.eadet's rights in the Property.Lender's actioas may
<br /> . �:-�- , m co� PaY� . '.-
<br /> �+ s��. � � . ,. � indude paying any sums secvred by a lien wbicb ha5 priority over this Sec�ritY fasirument,appearing :
<br /> �-`'" . , �.�;{ reasonableattomeys'fees and entaingoa the PSropertyto malce repaus Atthongh LendermaY take a�ioa�u'��P��ph � .:+..�
<br /> :•. a:;: �.��.. . '�.1 �,�na�ao�nat�co ao�. � .
<br /> ,•�.::. • � . pny amo�ts disbursed hy Lender nnder this paragtaph 7 shall became additional debt of Borrowes seciued by this ' . -'
<br /> �����. � . . Security InsWment.Ualess Banower and Leader�rte to other terms oi gaymenb these amounta shall bear intetest from the
<br /> • ,F:,.:-' .. .... -
<br /> date of disbnrsement at the Noie rate and shall be payabl�witb i�erest.apon nouce from l��to Borrower requesting :•
<br /> .�:'?;: • . payment. ..
<br /> ,�j; ;�'. • . . 8. Aiortguge insuraac�lf Lender requiredmortgage insurance as a condition of making the toan secaredby this Sewrity „.'t;
<br /> ' �����=� � � .. lnstsnment,Borrower shalj pay the premiums requiredto maintain the mortgage ins�uance in eHert. i� Eor any reason,thc
<br /> i�'�• . • mortgage insnrance cmerage required by Lea�'er lapses or ceases to be in eSect,Bonower shall pay the preminms required to
<br /> ����::• : ' �.' ' �� obtain coverage subsiautially eqnira�eot co the mortgage insurance pn�viuuslY in effect,at a eost substantialty equiwalent to the
<br /> cosc to Borrower of the mortgage iasurance pseviousiy in e�ect, from an altematemortgage insurer approvedby Lender.IP
<br /> '���^ � � , substantia]Iy equivalent mortgageu�surance cav�rage is aot availab2e,Bonower shall pay to Lender each montb a sum equal to
<br /> � `� � � � • � one-twelftb of the yearly mortgage i�urance premiumbeiflg paid by Bflrraweranien the insurance coyerage lapsed or ceasedto '
<br /> . � � be in effed.Lenderwill accept,use and retain tbese payments as a loss reserve in Geu of mortgage insutance. Loss reserve
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