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<br /> 5. Hnzard o� Progarty Hnsu�.*�n.ce. Borrower shail keep the improvements now eaisting or hereafter erecte�f on the .r
<br /> � �.. " p�Fett�+}nsured against loss by fire. hnzards Iacluded�vit6in the tesm 'extended coverage" and any ather harards,iasluding _
<br /> � floads ar floading.for cvhich I.ander t�eqtiites tnsuraace.This insut�nce shail be maintaiiced ia the aurounts and for the periads
<br /> • . � t�x l�ader requi�s,'�'�e insuranoe cazrier providiag the�n�urnce s�1�e chosen by Boirower subject to Lender's approval ,�
<br /> ' which shall not be unteasonably arithheld. If Boisower fa�s to maiatain coverage described abave.Lender may. at Lender's .�
<br /> . ` opuon,06�caveraga to prutect Leuder's rlghYS in the Pmgercy ia ssccsrdaaoe with paragraPh 7.
<br /> ' All iasurunce palicies and reaewals shall l�zoo�table w Ixnder and shaU Enslude a staadard�rt�i al�• ipt�s of
<br /> . . shall have the tiBht to hold tlie policies and reaewals.If Lead.er mquires.��orrower sh n'c:e to�.the insurance carrIer and Leader. -
<br /> � � }_; paid piemiums and ren�sval notices.Ia the eveat of loss,Borrower shall gi e prump
<br /> �=-..—�".. Lend$r m3y make proof of toss if not made promgtly by Borrawer. �a11 be applied to mstoresion or repair of the
<br /> Le
<br /> , �..+ir� Unless Y.eader and Barrower ot�srni�e agree in writiag,insurance Pmx�s f•.
<br /> � " pl,o damsged,if the mstoration or repair is ecoaomically feasible aad Ixnder's seauity i�not lesseaed.I€the restoration or �`;�_
<br /> � r �y
<br /> . .. � ,.{ repair is not ecoaomicxllY feasible ar I.eader's s�curity would be lessenEd,the insurance Pros�s shall lse applie�l to the sums `.-±_
<br /> � secu�l bY this SxuritS+ Insuumet�t, whether or not thea due,with any ex�ss paid ro Bormwer. If Borrower aban.dons the f=
<br /> � ' p�,�PeriY•or does not answer within 30 days a notice from Lender thaz the insu:aase carrier has offered m settle a claim,then -
<br /> � • �� L�nder may cflllecc the insurance Pzoc�ls. Leader may use the procerds to repair or zestore the Prcperty or to pay sums `
<br /> - .-' - �: � ser.ured by this Securitp Insauncc�t•whether oz not thea duc.'ihe 30-day geriod wili begin when the notice is give�.
<br /> Unless Lender and Borrower othercvise agr� in wr.ting, anY aPPlication of ptos�eds to principal shall not eueud or
<br /> ' �'.'�. postpone the due date of the monthlY PaY�ens�rzfemed u�,n patEgaphs 1 and 2 or chaage th:amount of the payments.If und.er
<br /> , ' - P�� �s .� by I.eader, ;:-+�er's right to any insarance Palicies and proceeds resulting from �
<br /> h 21 the ProPertY � ac� b this SecuritY Ins��
<br /> d�}c�the PmpzrtY Prior w�=�:quisiuoa shall pas;to l.ccaaer to th$extent of the sums secuied Y
<br /> rt
<br /> � � ,� j ir�.°'�.''�s:y prioi w the acqui��. Boaower's Loan AppIIcatia�;T�•.��lds.
<br /> . � i 6.v'kc�uYrancg.�e►va2is�r»?�aintenante ant!Proiecmtan of We Prop�fy;idence vulthia s�i�ctY daYs aftet the�^�.:�o�of
<br /> ' Boaower shall o�_���•,establisb.aad use the Praperty ag Barrower's�B�er's rincipal res`•dence£czr at lrast one yesr aft�
<br /> -.� _'�..'�. I Wia Secnrity Iastnu:z.�aad shall co�inue to oxupY�in wnting,which consent sball aot be unreasa�rt�ly withheld, or unless
<br /> ' � the daie of ocruPan�Y.�n1�s�''�1.�'otherwise ag�es
<br /> � �x� .�np ��� E�.�Ir�'4.11� a:e beyond Bormwer's contral. Borrower sh�'1 uot destraY, damage or imPair the
<br /> a to deteriorate. or tommit waste on th$Property.Horrocv�:�all bs is default if any forfeimre
<br /> Property. allow the PropertY cu�:3�esult in forfeiture oY the
<br /> .. ... �`.� action or proceeding���er civil or crimin�t is�eg�n that ia Lender's good faith judgment
<br /> progeny or oiherw�G:rnateria+lY imPair t�ue�c�eated bY this Security Insmimcnt or Lender's sec�'interest.Bosower maY
<br /> • cure surh a default and ccia.�^tate,as pmvided in paragraph 18.by causing the aaion or groce�ding to be dismiss�d wit�a roling
<br /> ' � that. ia L�uder's good faith dcted-miaation, Precludes fof�::�re of the Bortower's ia:c.�--est in the Propert3+or other material
<br /> ` Inst�,�2 ar Lender's securiry inzenaa�.Borcower shall also be u.►dafault if
<br /> _- , • -,• . img���t of the iien��J � S�ty
<br /> ' Bo �.�r,during t�.oan app;i�tion process,gave materiatIy false or inaccurate informarioa ar statements w Lender(or failed
<br />- -- to g:�vide I.end,.Fr c���i any material infarmatian)in connection wiW tbe!�e��b�If tbis S�rstlty Ins�uume tlimitec4
<br /> - °. .a•. .�' to.r�'"�sentatio:,s�acxming Borrower's oc�ancy of the ProgertY as u FTi�►�IP f� �e to the PropertY. the
<br /> •� ; 1 aith all the pro�isioas of the lease. If Borrower acquires
<br /> ��•f� _ " - le��:r'd, Eorrawer shall comp Y ees to the merBer in writing-
<br /> ''�=:�' .::: �• � leasa�ld aad the fet tifle sball not mer8e unless I,ender agr
<br /> - � �'�;��` ?.Proi�ct[on of i,e�der's Ri�his in the YmPe�.If Borcower fails to gerform the caveaants aud a�eemenu contain�d'us
<br /> - - . , this Se�uitY Insn�.�nemt,or there is a legal ProceEding that may signiIIc�::�y affect Lender's rights in the ProgeriY (such as a
<br /> •,.,;�,_ p�ding in banktuptcy,probate,for condemnation or forfeiture or to er,�arce laws or regulationsZ.th:n Leader may do and
<br /> �: :. . ro rotect the value of the ProgertY an�Plrrder's rights in the Properey. L.tnder's acdons may
<br /> _ � . .. ; pgy f�whritever is aecessarY P � �., ,men in caurt. p�g
<br /> -�:"�?"��" -"'`•.•� inr�[uitt payIa$ anY
<br /> :„« sums secured by a lien wtuc� has prieriry over sh:s Secnrity b aPP�ng
<br /> �_.�+�;r� r��rrable uttores��fees and entering on the Progerry to as�aegairs.Although Ixnder may taYe action under tbis para�raph
<br /> -�_;�•:�a�� 7,Lender dces�1�ve to do ao.
<br /> --_-_- Any amo�3isb�rhed bY lxnder under this paragraph 7 sha?l lx��me additional debt of Borrower savred by s
<br /> ,```��;;�'r�;: �uriry lnsuumc*it. Unless�a:�wuer aad Leader agree to other terms of�ayment.these amovnts shaU bear intere.�^t�om the
<br /> �`��"`�'' �.. date of disbursement ai the .;ar: rate aad shall be pay�s;�,.witb interest, upos notice from ieader to Borrower nquesdng
<br /> : � mortgage lnsuraace as a conditien of�aking the laan secured by this SecuritY 4`
<br /> __'-':.�_:�: PaYment-
<br /> .`'-�,�`�;�� S.1Vfortga& �asvrAnce.If Lenderrequired m effe�t.If. for aay rrdsoa.the
<br /> - �j�. .
<br /> --:�=i Instmmens. Ba���r shall pny ttte premiums re9uire�►to maiatain the mortgage lusuraaoe od to
<br /> -_:�^+_�°� �q:t;age insur�ce coverage require�bp I.ende4lapses or ceases to be in effect,Borrower shall pay the premiwms n4ui�
<br /> ' ��-: -__ . valent to the mortgage:�-urance previously�eHect.a2 a cost sulsstantially equivalsnt w th�
<br /> — =' .;;a O..X�f1II COiiC?3$P.SllbSlBIIll�y CI]U1 �Iasurer a rove�b I�ende�. If
<br /> ,,_ _ ��.na Baaawer of the mortga�e insuraace previously tn effect. from an alternate mortBag PP b•
<br /> = :�3�T�_:
<br /> - `'•-�- ,�, substantially�.ui'+v.�ent mortgage insutance coverage fis not availabte,ti���ower shall pay to Lender eacli atonth a sum equal to
<br /> • -`°�;= oae-tarelftb ct��e ryearly mortga�e insuraace premium being paid by&:�a-xer ahen the insurance coveta�e lapse8 or oeased e�
<br /> :� ."�" � t�ig effert.Le:w:r wW accePt,use and retain these paYmenu as a loss reseive in lieu of mortgage iasuraace. 1-ass reserve
<br /> �� Fam 3G28
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