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<br /> . � � �g. �as� or Pe�op�rly In�a�mnc�. Barrowxr �hall keep the impmve�ats aoev existing oa heteafter ere��ted on the
<br /> ' ..' gropeny insured against to�s by fire,ha�ds included within the term "extend�!covenge" aa�any osL�tr hazards, ia�luding �
<br /> floods or floodtng,for wtuch I.ca�rr�uires insnraare•'Ihis insurance shall he raaintainQd in the antouats a�,�for�&z periosLs �:
<br /> , • t&�t L.ender requires.'Ihe insuraace carrier providing the ins�uanse shall be chasen by Bonower subject to Lracder's a�sproval �-
<br /> ' • which sLa11 aat h�unreas�n�ly vvitbheld. If Borrower fa�s to iazintain coverage d�crib�above. Leader may. ac Lender's
<br /> • option,obtain covera;e to protert g.ender's cights in the Prog�rcy in aroordan�e with patagrx�h 7. �:.
<br /> ` � All insnranse policies aud reaswals shall be acceptable to Leader and shall iaclnde a standard mortSage clause. I�er �-
<br /> �� • shaU have the right to hold th�politie�aad reae�vals.If Leader requires. Eorrower shall promptly give to I<ender all receipts of �
<br /> , � paid pr¢masims aad reaewal afltices.Ia UzE event of loss.�arrower shall give pmmpt noticc co the insurai:ce carrier aad l.endzr. °_
<br />° '� ' ' I.eader m�y m�.k�praof of loss if aot m�e pmmptlY by Borrotiver. • ��'
<br /> T_,,.�, Unl�s I,.en�d8�aad Botrower othem.rise agree in writing,insutanc�pmtteds Sh�ll b2 applied to restoration or repair of the �.:
<br /> . . �;, Prape�ty damaged,if the ratorati�n or repair is economically feasible a�d Lender's s�uiry is nat iessened.Yf the restoratian or
<br /> a
<br /> ` � repair is nat ecoaamic�lly feasible or Ixnder's security would ba tessened,the insurause pmc�ds sha11 be aPplied W the sums
<br /> secured by this��urity Insnvm�nt,whEther or not then due. vvitli any e�ccess paid to Bormwer. If Somower abandons the �`�-
<br /> � ' pmpetty, or da�s aut answe�within 30 days a uo�ce from I.ender that[he insurance canier has offe�ed to setele a claun,then _
<br /> ' i. Leader m�y callact the insuraace pmceeds. I.ender may vse the pmoezds m repair or restare[ha Froperty or co pay sums _
<br /> � secured by this Security Inscctam�,wheaher or not then due.Ths 30�ay period aill bs�ia ahen the norice is given. _.
<br /> �` Unl�ess L,e�i�z aad Soam»�r oth�swise agree in writing, anY aPPlication of gmc,eeds to princip�l sball aot extend or
<br /> postpone the d¢:�of thz moathly�aymcat�referred to in paragrapS�s 1 aat12 or change the amount of the payutents. If
<br /> • . . � uader paragraph ZT c;:�Progerty is acquind U;r Lender.Borrower's right to any insuraace golicies aad praceeds resuTiting from
<br /> :I;;;��. ' B,�e to the Prc„nrty prior w t�2 xsqnisitiaa shall pass to Lender w the exteat of ttie sums secumd by this SecuritY Insuum�a;
<br /> � �:�:;�; '' im.�s�di�Iy prio;to the acqui:iti��
<br /> _, �,, , ► ,- �� a:.�f FaaiectIon of the Yrc��Z�+, Eora+mwer's I.oan Applfcattun;
<br /> ,•: (fi tkmupan�,. pres�„a, �re
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<br /> '�•�f�'-'�� Leaseim2ds.Bo�wer shall orrupY,estabSi�x�.�nse the Property as Bomower's princtpal nsideace wi�n sixry days after th2
<br /> ,:�;,a. _r,.. � ea�ectttion of th;��.::riry Instivu�ent aad stu�lF csmtinue W occupy the�ropeaty as Bomower's gria..^cr�tesidence for ai least oae
<br /> -;`�".:; year after the dx_*r:'_`oocvp�cY• unless Lender otherwise agrees in writing,alrich cQ�.sent shall nei�e unreasonably withheld,
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<br /> ,�'"'M..,; or unless eztenr.�;ci�u�.�c:.�eaist which a�beyond Boaower's canitol. Bortu��a shall not dgstmy.damage or impair
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<br /> :''t���� ' ' the Propeny,a��c:;�Pto�'�.y'�deteriorate.or com�it waste on the Property.�crc�+er shaU be ia default if aay forfeiture
<br /> - . aretion or pmc�.i:.�,.wtnether avil or criminal, is 1�eSun that u►Lender�s goed faia��dgmznt could res�lt in forfeiture of tRs
<br /> � - - proPeMY or ot��u:�:.materially impair tha liea created by this Securiry Insc�ument or I.�der's seauity interes�Boaower may
<br /> ``�� -- aue sucls a de��:�`�aad reinstate,as provided in paragapta 18.by causing the acrion e��:rar.eed'mg to be dismissed wlth a ruling
<br />,+`��,.�,,�� th�. ;W Lender's good faith determination. piecludes far.fr��.ue of the Borrutiver's ir.�r�t in the Prcperty or a�.er materi�l
<br /> ti:�'..� � i��ncnrs�t of the lien created by this Sea�i^� Is�snu�:�:�I,�tder's security i�-g:.. Borrower s�all also hw in default if
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<br /> ��.� J��••� � Homower.during the loan agpGcation pmcr�,f�`�e ma:��y false or inaccurate iafo�oa or statements to Lender<or failed
<br />`.��•�r�'''' to pmvide Ler.�rr.�ith any material inforr�rr!in aonn�tion wi1L the loaa eviden�.by the Note,including,but noi limited
<br /> :�;t«;�"�-.;�':�°;� to,rePresentaticc��onceming Borrower's occapancy of the Property as a principal r�i�ance.If this Security Insm�ment is on a
<br /> ���r�'� leasehold, Eorrower shall cQmpfly vdth all the provisions of the lease. If Homar��r�.r.quires fes tifle to the Property, the
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<br /> `a`t;:r��'�.;,:��., leasehold and the feE utle shall no2 merge unless Lender agrees to the mQrger in writi�,�.
<br /> ''F�:�:���.::-;;�` � 7.Protection o�Leades's Itfghts ia the Aoperty.If Borrower fa�ls tfl perfc�s�:oovenants and agr�trrienis concained in ;
<br /> - `:``,:�''�-° this Securiry In..^r,�ment,or there is a legal proceeding that may sigr.ii3's�'y affec3 l.e�sler's ri�hts in 4he Property(suc6 as a
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<br /> =-�_'' � proceeding in b�ruptcy.probaie,for coademnatian or fozfeiture or c���w.`orce laws or regularions),then Lendea maY do E:.�
<br /> __���:: pny for wh�aQVex is necessazy to pmtect the value of the Property an�Lender's rights in tt�e PrepenY. i.ender's actions mzy
<br /> -H_�.,;;.';.''...� include paying any sums seGUed by a lien wLich has rr��riry over this Sscuric� ��saument, aPPearin8 in court. Paying
<br /> -=�° - reasonable attorneys' fees a.zd entering oa the Praperty to make repairs.Although Le�.�:T may take actEon under t'his parngaph
<br /> - -�-���� 7,l.ender dces nat have to do so.
<br /> --- pny amounts diEburse�by Lender under chis paragraph 9 sha11 become addidonal debt c�C Borrower sec�red hy this
<br /> _ _�:. � Sscurity Instrument. iTnless Borrower and Lender agree to other tcrms of pa}rment. �.ss 8ID911IItS 5h211 b82T IQtCICSt f[OAi t�E
<br /> ---�=�Y�:"-:. date of disbursement at the hcte rate and shall be payable, with interest.upoa wltiu'� �om Lender to Bomower reques2ing
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<br /> "�- payment.
<br /> 1.=`�"��'� 8.Mortgage Iasuraace.If Lender required mortgage insarance as a conditicn���lcing the loaa secured by tlsis Se�uat��
<br /> �'�.,`':''� Insuument� Be�aa:er sha11 pay the premiums required to maintaia the mortgage 'u-.�;s�-aace in effect. If. for any reason,t�=
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<br /> = mortgage{nsuaance coverage r:�uired by Leader lapses or oeases to be ia effECt,L^icz ns•:y er shaU pay ttte�remiums required to
<br /> �="•�'"'v-'•'�� ah.��covenge substantially��uivat�nt to the martga�e i^��TAnce previoasly in effi�. ,c�a cast substantially equivalent to the
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<br /> � �7a>to Borrawer of the mongage insurance�teviousil� us.effect, irom an altemw*.��rca�tgage insiuer appmved by Lender. If
<br /> ��"�T�•, , s-abstantially equivale�t mortgage iasuraac�r.ru,=tage is�ot available,Borrotiver snall pay io Lendrx each month a sum equal to �-°',
<br /> --�,'.�-f'� �•_ 1 one-twelfth of the yearly mortgage insur�v'.r.���mium bein�paid by Borro�rer when 4hs insurance coverage lapsed or ceased to `�
<br /> - � `����I be in eff�t.Lendei will accept, use aa�retain these pay�rents as a loss reserve in Ireu of mon�age insurance. Loss reserve 5�:
<br /> -p=!s�.:�;'i' Form 3028 8130 -''�
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