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<br /> .. „ . 9. IAl)Y1lFi� Qf� Ih�uperty Imvt+�ro�ace. HOti'01v1.x shall keep the improvements now existing or h�reaftcr emc�ed on the �.�--
<br /> Nru�Lr�y Inyurcd nauttuat lo;►n by tirc. haaazds im.c114.I�ed wltnin the term "extended coverage" und any other haznrds,including �''
<br /> "' ' flaatle aY Qt�utlin�, far wi�ich[,ender rcquires ix►sumnce.This insurance shall be maintained in the amounts and for the por[ods '�:
<br /> , thnt I.cndcr rcqulres. 'Pi�c innuruncc cturier pravidis�; the insurance shall be chosen by Borrower subject to l.ender's npprovnf "�
<br /> - ' �aiitct► ahnll not bo iinrensonably �vlt�eheld. !f Hortao�•¢r falls to malntain coverage descrIbed above, L.eader may. A�l.ender's
<br />�� . optiun,abtaln cuvcrn�c ca protect l.cnder's dglnes i�tp.r;Praperty in accurdAnce wiW paragraph 7.
<br /> All Irisut[uicu paUcle�cuid renewals shal! be ar.ceptable to L.endcr nnd shall include a stnndsud mortgugc clnusc. Lcnder ' '
<br /> � �. shNi hoNO thv ri�}ht ro hold thc poiicies arzd ren¢�v�is, df Lendcr requires,Bonowcr shaii promptly�ivo co I..ender Ati receipts of - _
<br /> � pnid premiums and renewAl notices.In the event of ic�ss,Honowes sha11 give prompt notice to the insuranca carrier and I.ender.
<br /> � . � L,ender muy tnako proof of lons!f aot cnade prornint�y by Borrower.
<br /> , ;:.:+:�� UNess Lendcr nnd Borrowcr otherwrisc a�ree 9r�writing,insurance proceeda shail be applied ro restoration or repair of tbc --
<br /> '�:"`!� Proporty damngcd,if the restorntion or repatr is ecor.omirally feasible and L.ender's securiry is not lessened. If ctte restoration or
<br />� , � repait is not economically feusible or l,ender's secu�iry would be leasened, the insurance proceeds shall be applied to the sums ''��
<br /> secured by thia Secttcity Inatrume�lt, whether or r.cat then due, with aay excess pald to Borrower. If Borrower aba��dons tlte �'�
<br /> �� Pcoperty,or does not nnewer within 30 days a aoticct Arora Lender that the Insarance carrier has offered to setde a claim,then _
<br /> Lender mrry collect tho insurnnce procceda. I.eaudaa �1y use the praceeds tm repatr or restore the Property or to pay sums =
<br /> " �, � aeeured by thts Security Inatcument,vyhether or not cb,+�n due.The 30-day period will begin when th�notice is givea. -
<br /> ,^,� Ui�lesa l.ender and Barmwer otherwise aIIree ic,wrlting, any applicattan of proceed� to prfncipal shall not extend or
<br /> n pootpono tho due dato aP the monthly puy�uents ref�rrcd to in paragraphs I and 2 or change the amount of the payraents. lf
<br /> . 'a nnder purugruph 21 tho Property ia ucquired by l,ea�d�.r,Bonowor's dght ta any insurance policies aad proceeds resulting fcota
<br /> � ' damngo to tho Property prlor ro the ncquisltion shall�ss to Lendcr to thc extent of the sums secured by tUis Secudty Instn�ment _.
<br /> � liriplCdlAlBly QTIOr IO thQ ACq418lI10A. .
<br /> b.Occupnacy,Frcuawcsllota,M�inler�ase�md lPsrosectioa of the Praperty;Borrower's Lban Applicution; Leaseholds. i-�•
<br /> ° Borrower shall occupy,eatablisb.ancE use tha Property os Bonower's prfncipsl residence within slxry days after the execution of -_
<br /> ' '� thls Secudty Instrument und ahnll caatin¢e to occu�y c�a Properry as Banowerb pdnoipal re.4idence for at least one y�ear after
<br /> - ,._;,,:� tha dnt�of occupancy�unless l.end¢t otbarwise nacses in wdting, which consenc shall not be unreasonably withheld,ar ualess �
<br /> _ extenuatMg circumatances exiat V/J1ICI1 t1PC bC�lODI� �i01'fOWCI�B COAiTOI. Bornower shall not destroy. damage or imp�lr the
<br />- �� � Property� allow tho Progorty to datcrioeute,or couan��u�vaste on the Proporty.Borrower ahall be in default if aay fadetture
<br /> ;�.. � ,, action or pmceeding.whether civit ar cdmlrtat. le begua that in L.ender's good faith judgment could result in forfelnue of the
<br />'=�>�..r � �,. Propercy or othenvisd matetlaily 9mgpir tha Itan cnxatud hy ehts Securlty Insuument or Lender's security iatereat. Borrower may
<br />�•;,��� '` aure eueh n dofnult ond reinotate,na providod ip�para�r�qb, 18,by cansing the nedon or procaeding ta be diamissed wlth a culing
<br /> � �:*�•; thnt, tn t.ender`s gqad mith datemtination, �msciudua iorfeicure of ihe 8orrower's intarast in ciia Propercy ar ocher materiei =
<br /> 4::+•' -� � impulrtnent of tho ltun ctea�ad by thie Securlty i�tatuument or Lender's secudty interest. Borrower shall�Iso be in default if
<br />-�r�'��� �'�*, Borrower.during tho loun�appliantfan procesa,gavo nwtedally false or inaccurate ipformatlon ar atatements to Lender(or failed
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<br />��''�-��� �� � to provido I.enQer with�ony mntarinl�c�formation)!n conncction wiW the laan evldonced by the Note,including,but noc limited
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<br />�r-»t=:=;�ti to. raprenentatians cancaming Bonow�r's occupnncy of the Property ns a principal restdence.If this Securlry Instrument is on u
<br />��°�':__�-, leaschold. Borrower ahall com ! with NI tho rovietons of the lease. If �orrower uc irea fee title to tho Pro
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<br /> ���"-• �� � leasehold and tbe fee tltle ahall not mergo unlcss Lcnder agcecs to ttte mcrBer in writing.
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<br /> -�f t�{�,' 7.Protectlon of I.�nder'e Rlghta In the Property.If Borrower fails co perform the covenunts and agreements contained in
<br /> "' = _�;.�, this Secudty Iastrument�or therc ls a logN procceding tbat may stgnificantly affect Lender's riRhts In We 1?coperty(such ns u
<br />" �� proceeding in bankniptcy,pmbuee.for wndcmnntlon or forfeiture or to enforca lawe or regulations),then 1..ender may do ond
<br /> �1`�:�,���*�'� pay for whntever ia aec�ssury co protcct tho vNuo of the Property nnd I.eadar's rIghts �n the Property.Leuder's actlona may
<br /> --�.'�r,,'.�; include paying any aums secured by n lien whtch bas priority over ttds 5ecurlry Inatrument. appeuriag in wurt. paying
<br /> -___ ��=R���:� re3sonable uttorneys' fees and entedag on tho Properry to malce mpnirs.Although I.ender may tako aetion under this par�graph
<br />�^�����'; �.Leader does not have to do so.
<br />- °��� � My nmounts disbursed by I.cnder undor this patugruph 7 shull becorae additionnl debt af Bonower secured by this -
<br /> �°�°-� . SecurIty Insmimcnt. Unless Borrower cnsf Lcndcr ngrco tu other ternss af pqyment,these acnounts shnll bear lnterest from the
<br />�-��"�`'*� dute of dlsbursement at th� Note rate and ehnll bc pnynble, with incerest. upon aotice from I.endor to Borcower requesting
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<br /> "'�"� 8.Mortgago Insurnnce.If l.endcr required morcgago lnsurance as a condidon of making tbe lnan secured by tbls Security
<br /> ".�''"�' f;,�tiu���at. I2arms�br sfsal! pa;• the gx�lwaa :equlred ta sns:atsfn the mortoage +_nsnruece !�Pffecs. If. fer a�y c+�oa, the —
<br />-� ' mortgage insuraace coverago requlred by Lender Inpsas or ceuaes to be in effect,Borrower shall pay the prowtums required to �
<br />'"��•----�:y obtaln covemgo aubstantially equlval�nt ta tho mortgngo iasurnnco previously in effeat. at a coat aubstuntt�lly equivaient to the
<br />�,z.,.�k � cost to Horrower of the mortgago insurnnw proviously In effcct. frora an altemate mortgnge Insurer approveA by Lender. If ___
<br /> �i-'.�;f�:�-�- � '� aubstantially equivatent mottgugo tnsurcu�co coverago Is not uvnilnble,Borrower shsill pay to I.ender oach month a sum equal to
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<br />�=4;;,���;,,.•;,;�s'�':'.� ,° one•twelfth of che yeurly mongoge inauranco prcmlum belog pntd by Borrower when che insurnace coverage i�psed or ce�sed to _
<br />�;5:�?';�!���`''.;�:� � 6e in effect.Lender will accept,uso c►std retnin theso pnyments ns u loas reserve in tieu of mortgege insurpnce. L.oss reserve _;�_
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