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<br /> < ' .`< � 3. Ht�zard or �rogeriy Insu�ttee. Borro�eer shall keep the improvement, r,5titi exi,tin� ��r 6cre:i!'ter erccte�i on the
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<br /> � , c��� Property insured against loss by ftre. hazard�indudcxi teithi�t thE temt "extCnded ca�er��e'and ar.� c'�ther hararJ�. 'sncluding
<br /> • floods or ftouding, for u•hich l.er.der requin�imur.vice.This in�uran��c shall he mainrs��eJ in thr arr;sunt�and t:�r the perinds �
<br /> ' a t that Lender r¢quires.The insuranre wrrier pmti�iding the insuram�e shall hr ch��a�n �� B.�rruti�er.uhject tu l.endcr'.apprnval ��
<br />.� �c' i �shich shall not be unreasnnabiy �vithheld. If Bonower fuile ta maintain curerag�u:,.ri�ed abn��e. Lertdcr iu:��•. a[ Lertder'. Q
<br /> _ . , �:��. aption,obtain coverage to protect l.ender s rights ia the Prapeny in acrnrd;mce�vi�r:�.-a�raph 7. Q
<br /> "• All insurance policies and reneaals shall�e ucceptabl� to Lender:uid �ha!! i r>a'� a.tandaru mort�.age dause. l.ertder �
<br /> , ` ��� shall have the righi to hold itie policies and renewals. (f I.end�t requires.Borrutrci s':s.'1 psnmgtl}gi�.t�1.en�er all rc�ciptti of �1
<br /> - �=i paid pmmiums and rene�val nouces.In die event of loss.Burrow•er shall give prom�c re�ci:e t�the insur«nrc�-arrier a�d Lender. �
<br /> .� ' ,�e.� Lender may ma[ie pmof of loss if ttot sn3de promptly by Bcmo���er. �
<br /> ' Unless Lender and Borrower othernise agrce in writing. insur.utce pma�ads sf':�=1 t�e aPFiie�.t to reatoratian or mpair of the
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<br /> ". - property damaged,if the�estoratian or repair is econ�micaily feasible and[.ender's sscc:rity is rtet lessated. li th�res!oration or
<br /> ���' � regair is nat ecnnamically feasible or LendeL's scacurity would be lessened.the i���.:�.~ut�.rocceds s3�a1�tre applie►i to the sut�u
<br /> � ��t' secured by this S�uriYy Instrumant, whether ar nat then due.v�+itb any excess Fv�.'�3 to Borroa�er. Di Borrower abaccdons the
<br /> :� Freperty,or do�.s not arswer�vithin 30 days a natioe from Lender that the insura-r.c czrri�t has offerc�to settle a ctaim,ihen
<br /> ��� . L,ender cay cnllect the iasurzrrce procee�s. Len�es msy use the praceEds to re�.ir o- restore d:e Property or m pay sums
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<br />;�;x f$�T� seau�.'by this Se�rity Instns�er.s.+nr:�eth=.�mr nat then due.The 34day period c+'stI[�e�in when cP:e R�ice is�iven.
<br /> �� Unless Lsnd�r a�ed Bomo�.�z o+them�fQ s�roe in writing. any application o�o�oct�eds to g:i:�+.�pa1 shall not extend or
<br /> - - go�one the due date of tke�athly paya�ts �eferred cn in P3ragraPhs 1 �:-�� °'��ge���"�punt of che payments. If
<br /> _�;�:,�,�.�r.: under paragraph 21 the Pcogem•is acquired by l:endes.Borrower's right to any ir���oe policies�*e'd proc�ds resulting from
<br /> �°�r`���:" dz3nage to the Property prior to the acquisition shsll pass to Lender to the eatent o.`tt�s��ms ssrumd 6}this 5ecuritY Instrument
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<br /> s.;h�; ,-:� immediatety priar to the acquisition.
<br /> _ �;�_�:� 6.Ooa�p��.Prese*vatton,Maintenanpa and Pmfectlon of the Pro�ear�y,6tn7rotir�er's La�.�plic�atton;Ixa.set►oids.
<br />�.•� +' ��'�. Sacrr�rer sha41 e�upy,establish,and use the Praperty as Borro►ver's principal res"s�;-x�e�lzthin sixsy zays after the execuaon of
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<br />-�:� ;3,3� thi:���:.:rity Inswment and shall continue to occupy the�*�pertY as Borrower's�.-cr�ip�1 cesid,�r„�for at least one year after
<br /> - t�_-��+.k�ta:of occupa�lcy. unless Ixnd�r oiherwise agrees in�*.-i:in8, which c�asent=?�t ru.;r,be unr�sflnably with4teid. or uNess
<br />=^=:�'�s'�;-:>: extemiating cira:�stances eJCist �vtuch are beyund Hptrower's canuol. Borroc'e,: s�a:1 na: L:ir,.3• aaanage or imgair the
<br />'`��_ ' property,allva.n-re property to deterion*_�. or eammit waste on the Froperty. Ba�roti�er shz!`��e ir:ci�fault if any forfeiture
<br /> =`^"�y=�� aciion or procea�isg, whether civil or cri�inai, is 6�gun thai in Lendei s gaad fa::h je�ment cr��::,�:zsult in forfeiteue ot'the
<br />'-�='�zi� Froperty or otherwise material.�pair the:ien created by Chis Securiry Instrum.er�.ot l.a.z.d:r's s�uity interesi. Bomower may
<br /> - _ - _ cuie such a default and reinstate,ss provided in pamaraoh'I S,by causing the actior�v4 p.ac�ing to be dismissed tvith a ruling
<br /> --w��� that, in Lender's $ood faith dsterminata�, ptecludes i�nFeitu�of the Borrovrer s i�:erest irc tt��?�operty or c�er matecial
<br /> ----�, = impairnient of the lien cr�eated by this Ss�urity InsttumEnt or Lender's securisy i�r.ues4. Borrc+ti�cu'�11 �lso be in default if
<br /> Eenower.during the tQan appficaaon���.�ave mat�ially fsilse or inaa;uratr i�°a�sion r:s�^:�::��ts to Lender(or fai!e%
<br /> __��-� ta�rvide Lender with any material inforc�tionl in camtec�•an with the loan evidecr.�d by cr='.'.«�=•�a�%�ing• 'xt nnt limite.�
<br /> --_---,.��� to.=riPresentations conceming�arrov�er's or.tup�ncy oP.:�e)P*�perty as a princiga'r�i�,�.�,�. .'1i��:_��urity��^�nt is on�
<br /> __�__ °nr��; leaseJiold, Borrower shaU comply with al! the pmvision� of the leasQ. Lf Bores�ur.uu�.s�r:� F��1� to tt:: �pertp. tt�.z .
<br /> -- -- -- leasehold and the fee t�Se shall not merge ur�]�s Len�or agrees to the rt����:r.in c•':'r:ir_b.
<br /> y - 7.ProlectInn of'Lender's Rlghts in�B Q'top�tRY.If Barrotiver fails to perf�-cs tt�wti�.�,��1 agreemenu contained ir_
<br /> - --- this Secvrity Inswment,or there is a legai pro�ding th�t may significantly aff;c.�Lend:i s rigfira m the Property (such as a
<br /> —�"`"� procce�ing in banlccupity,probate, for condemuslEan or farfeiture or to enfozce Lz.tis o:regut�tiams),then Lender m�y do and
<br /> _____°° p:iy for�vhatever is necessary to proted the v�lun of tha Property and Lender's�iz'ra.s in the Fr��erty. Leader's actions may
<br /> '� include paying any sums secured by a lien wt�ic}� hac priority over this Seca:ri>y Instrument. :s{',�earing in covrt, payis��
<br /> reasonable attorr�ys'fees and entering on tha fltap.rty to make repairs.AlSioug."�i.xrd�r rr�aY tzic�.��=`on under this paragiaph
<br /> 7,Lender does noi have to do so.
<br /> Any amounu disbursed by Lender undar ttris p�;a�_raph 7 shall becorr.e a�a�aal deCt o5 Borrower secured by this
<br /> Security lnstrument. Untess Bonower aad I.end�a3�..^e.cj cther terms of paycr:e.-t,tt,es�amaun*.�shap bEar interest from the
<br /> date of disbnrsement at the Noie rate arL�J s�ll�be p�}�'o.''�.�vith inter�t. upo_ r.�.�th�e froin Len3sr to 1Borrawer requesting
<br /> payment.
<br /> 8.Mortg,9ge Insuranoe.lf Lerzder ro��dred mortgage insurante�a condi:i!�oE mraldn�etti:tuan secured by this Securit��
<br /> inmvment. Borrower shall pay the pmmiams ro9uired ta mtintain the mortga�e insnr�nce in egfeM- If. for any reason, the
<br /> enortga�e insurance coverage required by Lender l�pses or c�ases to be in eff�ct.�:��coti�er shal!gary the premiums rzquirPd to
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