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<br /> �� � ti� 5. HaTard or Pe+operiy Iasttsanoe. Borcower shall keep the impmvemenss now existing or hCreafter ereaed on the � ` := _
<br /> � �, �� ' pm p e r t y insured against loss by fue.hazards included within the term 'extended coverage' and any other ha7ards. inctuding G �:� .
<br /> _�._ .t� . , Qoods or tlooding.for which Ieader�equires insuiance.This insurance s h a ll he m3in t a i n e d in t he amoua u an d fo r t h e p e r i o d s ":
<br /> , ��,:: . t�t Leader�yuires. The insurance casier providing the insu:ance s6aI1 be c�osen by Borrower subjea co Leacler's approval ' �� �
<br /> �_�; �. ,.�:-,?. which shaU not be unreasonably withheld. If Sorrower fails to maintain covera�e described abave. I.a�der may. at iRnde�'s ,9 '`
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<br /> ��� "`i« opdon.obtain oovecage w piotect Lendcr's righu in the Pmperty in aa:ordaaoe witb paragraph 7- 9 , �:. •'-
<br /> p11;n�,•A��poliaes aad renewats sEtail be aooeptaDte to Lender and shali include a standacd mortgage clause. Lender � ,r .;.: ;.
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<br /> � shall have the ri$ht to hoW ti�e policies and renewals.If L�der requices.Bonoarer shall pmmpdy give to Lender a31 receipts of � ,
<br /> � �:" .. paid premin�a and.reaewxl norices.tn the event of loss,Borrower shall give pro�c norice to the insurance cani�r and I.euder. � -.
<br /> �.:ti . 4`<�` , � Le�der may make proof of loss if not made PiompilY b3+Botrower. • . ;
<br /> .:: � �;��--. Unless L,euder aztd Bormwer otheiwise agree in writing,insurance proceeds shaU be appiied w reswration or repair of the � F
<br /> ��id:. :�.•�:.��- p�P�Y�maged.if the reswrarion or iepair is eoanomically feas�ble and Leader's secvrity is not lessened. If the reswration or � •
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<br /> _��,�;: :, repair is not a:anomically fea�bte or i.etWer's sec.urity would be lesseaed.the ia4urance pmceeds shalt be appiied co the s�s � , '"
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<br /> � � ` - . .� s�by this Secority Insu�ment, wheaher or not th�dae. aith azry exoc5s paid to Borrower. If Bomowes abandons the _.�<•;..w::�,
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<br /> :`���,. ��� .. ,�� �-�:= Property.or does not ancwer withia 30 days a notice from Leader that[he insurance c,arrier has offeced to settle a claim,then �-;r.`<.• :_:
<br /> ��; � '` , .': Leader maY collea the insurmce procceds. leader may use the pmceeds to repair or restore the Property or w pay swns � :', �
<br /> ; . _ r°-. secured by tb'ss Seaujty Instn�mwt,whether or not then due.The 30day period will begin wh�the noace is given. -.
<br /> Unless lender and Bo:rower othenvise agree in ariting, anY aPFiication of prooeeds to priacipal shal! not extend or t�
<br /> .. ,': cefeaed w in hs 1 and 2 or cdau e the amoam of ttte paymeats. if .. `�
<br /> < postpoae the due date of the monthIY PaY�ats P��P 8 � �. <
<br /> : �` ' t�'. under paragraph 21 the PrapertY��4�hY�•Borrower's right to aay�nsu:anoe poiicies and prooee�s resuiiiug uom
<br /> °�'` � damage to the Pmperty Prior w the acquisidon s6aU gass w Lender to the extent af the sums secured by ehis Seauity Insaniment ��F�.f t:
<br /> w� `,� � •� imtaediatel3►Prior to the acquisitian. `' ` '�
<br /> ._ - �.p�,,p�vation,Maintenanoe and Protea[on of the IImp�ty�Bomnwer's l.oan Appl3catton;Leaseholds. f.; _'
<br /> - ` � ' �� �' ' as Bomawer's residence witbin sixty days after the exew�oa of � ;:'��:'..
<br /> �:,�. �" Borrower shall ocruPY.establisb.ami use the PmP�Y P� � �
<br /> t�is Seauiryr Iiasnroment aad sball contiuue to occupy the Property as Borrower's princi�al iesidenoe for at teast one year after f .x .
<br /> y �' � the date of aaupan�y,vnless l.e a d e r o t hecwise agrees in a�a n g.w h i c 6 w n s�s�1 1 n o t b e u n r e a wnab ty with2seld, or�mless ,`
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<br /> �,._ ; _. extenuaring circamstances exist whicb ue beyond Borrower's control. Borrower shall not destroy. dama8e oT imPair the �;
<br /> . , i P r o P e rt Y,alt o w t h e P r o p e r ty t o d e t e r i o r a t e. o r c o m m i t w a s t e o a t h e P r a p e c ry. B o�awer s 6 a l 1 b e m d e f a W t i f a n y► f o r f c i t u r e •; �:
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<br /> � _a�,. . � � a aron or p r o c�i n g,whether civil or criminal.is begiw that in L.eoder's good f a i t h�j u dgment co u l d re s�It in fo t f e i t u r e o f t h e j� ,, ,`. t�:
<br /> �:��r� � � . _ - �P�Y or otheranse maseciailY i�mpair the lien created by this Sec�riry Insuua�ent or Lender's secarity intc�rest. B omower may �" .,.
<br /> s�:• ` .. , cute snch a defmtit and�instate.as Pmvided'm p�agraph 18.bY ca�siag the acdon or pmceeding to be dismissed with a niling � L.;1�:;:•
<br /> .:'��,x• _ ` :;. � ��d¢�•s oo d f a i t b d e t e c m i u a t ian, P r e c l¢d e s f o r f e i t n z e o f t h e B o m a w e r's i n t e r e s t i a t h e P�p e r�y o r o t h e r m a t e r i a l ' `;-
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<br /> `�,y: � • �� impairmeat of the lien�by this Secauiry Insuumeat or Lender's securiry interest Bomower s6a11 also be in defa�ilt if •r �'• �
<br /> � �;. ,: nsuumea '`,_i�t._ :
<br /> � Bormwer.during the toan applicatioa pracess,8ave matetially false or inaccurate information os statements to l.eader(or failed .,4� .
<br /> F ;:. ; : to gmvide I.cnder with aay materiai informaiion)in connecdon wiW the loaa evid�ced iry the Note.includiug,but not limited --
<br /> `* �. ��, -� to, repr�ntativas conceming Borrower's occupancy of[he Property as a principal residence.If this Seavity Easuument is on a r � .;
<br /> � � . 'y leasehot d. Bormwer sLall comply with ail the pmvisioas of the tease. if Somatver acqaires fee tide to the Property. ttte _ z�_�
<br /> j�.., .:,. . � ;�� leasehold and the fee title sbaU aat merge ualess Leader agrees to the merger in wri t i ag.
<br /> { '': . . , +. 7.Protedioa of Leader's Rlg4ts to the Property.lf Eosower fails to perform the covenaats and agreent�nu cantained in •,.
<br /> �� �. . '`. this Seturity lasuument,or there is a tegal pmceedimg that�nay significx�y affect Lender's sights in the PrapertY (sucb as a '•: .
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<br /> .;g.;.� pmceeding in baatc�ptcy.p�obate.for cos�dew�ation or forfeitum or to enforce taws or ngulations).then Lender may do and :,.
<br /> _"�;�•L, : . • pay for aLatever is nece.ssa�Y to pmtect the value of the Properry and I.ender's rights in the Propeny. Leader's actions may (_
<br /> � inctnde Fal+in� aaY sums sec.�red by a lien ahich has psiority over this S e c u r ity I n s tr u m e n c, aPPe�g in c o w t, P a Y�S �.��
<br /> '��;`:r!` - .� : . cea�o�able attomeys' fee.s and entering on ilce Property w make repairs.Aithough lxnder may take aaioa ander this parag�apD ',.-:, - -
<br /> .'.�-�." ': � 7.Lsader does not have to do so. �
<br /> �.�t.�r`��. ,.. , �,.� � pny autouats disbarsed bl+ Lender under this paragraph? shall becaine addi�ional debt of Borrower secared by this
<br /> . �.`'' ` SecurIry Insuumeni. Ualess Borrower aad I.ender agree to o[her temtis of paymcat.these amouats shall bear interest fro.m the � � .
<br /> �`�':'� �• . ., date of disbuisement at the Note rate and sLaU be payable. with iaterest. UpOII IIOltCC fTOIA L�Cf t0 BOTiOWE7 ICQ1iCS11D$ ;,o . .
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<br /> ;. � . S.Martgage Iasurance.If Lender required mortgage icuurancc as a sondition of making the toan secured by tUis Security
<br /> .-�;'�-"� Instsument, Botrower shall pay the premiwac recNired to maintain the mortgage insurance in effece. If. for any reason, We �► .
<br /> �;;�., � � ' mongage inswance coverage required by L.ender lapses or ceases to be in effect.Bormwer shall pay the premiums mqaired to .
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<br /> .:��� �,.' � ' � obtain wverage substaatially equivatem to tDe�nortgage insurance previously in effect.at a cost snbstantially equivaleni to the ;.
<br /> �`-,�•:.:;� . ' .
<br /> 4 cost to Borrower of We mortgage insurance previous}y in effect. from an altemate mangage iasurer approved by Lender. Ii -
<br /> �•#"�' •'. . - substandally equivalent�aortgage iasurance coverage is not available, Borrower shall pay to Lender each month a sum equal to . „ �
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<br /> � I'� oae-nvelfth of the yeariy mortgage insurance premium being paid by Borrower when the insurance caverage lapsed or ceased to
<br /> _�`.'��l.� • . ' � � ; be in effect.Lender will accept,use and cetain these payments as a loss reserre in lieu of mortgage insurance. Loss reserve .
<br /> ; Farm 3029 9190 ,
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