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<br /> . S. Ht��rd or Pro{seMy ln�urnnce. Borrower shall keep the improvementa now existin� or hereaRer erected on the <.
<br /> Property inaured agninat loas by fire, hszards included w1Wtn the term "eatended coverage" end any other hazards,including ---
<br /> tlooda ot floodinII,for whicP�l.ender requlres inaurance.Th1s inaurance ahall be matntained in the nmounts and for the per[ods
<br /> - � tfint Lender requires. The insurnne�s carrler providing the insuraacc shail be chosen by Borrower subject to L.eader's approval ,;,
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<br /> ' which shali not be unn,asonably withheld. If Sonower fails to ma{ntaiu coveru�e descdbed above, Lender may. at Ixnder's
<br /> option,obtaln wverage to pmtect Lender's dghts la the Property In accordancc with putagraph 7. `L'=
<br /> , All iasurance poticles aud ranewals shall be acceptable to Lender and bhall include a swndard m4a�age clause. Lender
<br /> renewals. If Lender re uires.Aorrower ahall promptly give to i,ender all reccipts of ��'
<br /> � ahal!hnve the dght to hold the policies and Q
<br /> • pald premiutus and renewal nodces.In the event of losa,Borrower shall give prompt notice to the inaurance car[ter and Lendor. ,V
<br /> ,„;��_'". I.ender may make proof of losa if not made pmmpdy by Borrower. �_�:�_
<br /> ��� � UWess l.ender an d B orrower o t hcrw ise a g r e c i n w d t i n g.i n s u r a n c e p r o c ce d s a h a l t be a p plied to restoration or re pair of the -_
<br /> , , • propertyr damaged,if tho restoration or repair is economlcally feasible and I.ender's security ia not lessenr.d.If the restoration or ;:;
<br /> • ��•,� repale is aot econamlcsilly fe�+sible or Lender's se�urity would be leasened. the insurance proceeds ehall be applied to the sums -'�,,`.
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<br /> . • � . � se�ured by this Srxurlty Instruraent, whether or not then due. with any excess patd to Borrower. If Borrower abandona the �;:
<br /> i' property,or does not enswer within 30 days a notice from Lender Wat the inaureuce carrier has offered to sQttle a clnim. then _
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<br /> l.ender may collect the insureuce proceeda. Lender m�v use the proceeds to repair or resrore the Property or to pay sums �;.,LL;:
<br /> � secum,si by this Secudty Iastn►naeat,whether or aot then due.The 30-day geriod will begin when the notice is glven. !��!:-"'
<br /> • ��' U�less I.ender aud Borrower otherwise agree ln writfn8� anY aPPlicadoa of proceeds to pdncipal shail aat eatend or k��:
<br /> � � �i" postpone che due date of the monthly p�yments referred to tn paragraphs 1 and 2 or change the amouut of the paymente. If -
<br /> . under paragraph 21 the Properry is acquired by Leader,�orrower's right to any iasurance policies and proce,e.d�►resultin8 from __ .
<br /> • �, damage to the Property prlor to the acquisition shall pass to L,ender ro the eatent of the sums aecured by this Security Instn�ment �_
<br /> ' immediately prioi ro the acquisitian.
<br /> � T 6. Oocapaucy► 1'eesen'aUon� Malntenance and Protectton of the Property; Bo�rrowar's Loan Applicadou; �.=
<br /> � Leaseholds.Borrower shall occupy.establiah.and use the Prope � �rroweAr'ss�c�pe�resid�e�n�Ce w��for�at east one _
<br /> e�cecution of thia Secucity Instnunent and ehall continue to occupy ge rt y P P� --
<br /> year aRer the date of occupaacy, unlesa I.ender otkecaise agrees In wrid�ng,which wnsent shall not be unreasonably wittiheld, —
<br /> ` or unlesa extenuating cfrcumatences exist which are Deyand Boxrower's conuol. Borrower shall aot destroy, daznage or impair
<br /> the Y�roperty,allow the Property to detertorate.ot commic waste on the Property Bartoa+er ehall be ia default if any forfeitute _
<br /> :. ' actiun or proceediag,whether civil or criminal.Is begun that in L.ender's good felth judgment could result in forfeiture of the
<br /> �, -� `� , Property or otherwise materielly impair the lien created by this Secudty Insuument or Lender's security incereat. Borrower muy _
<br />- . - - cure such a defAUit and�instate.as pr�vfdcd fss psr°«D�Ph 18.by��ng�e�'�tl�n or proceedinp to be tlismissed with a ntling _
<br />- that� in 1.eador's good faith determination� pnecludes forfeiture of the Horrower's interest in ttte Property or other matetlal _
<br /> �"i5� :; ImpairTnent of the lten created by th[s Se�urity Insuunaenc or Londar's security interest. Rorrower shall also lxs In deP&t�lt If
<br />���� "'• '���`�', Borrower.duri»g the loan application procesa. gave materially false or inaccurate information or statements to Leader(or failed
<br />-�Wr���'.��'�' , ta provide Lender wlth eny mnterial informadon)i°connection with the loan evidenced by the Noto,including,but not I�ited
<br /> to.rePresentationa concemiag Barrower's occupancy of the Property as a prlacipal resideace.If thia Secudty Insuument ie on a ;:_:
<br /> �. ' , leasehold� Borrower ahall comply with al! the provlsions of tho lesise. It Borrower acquires fee title to the Property, the R'=
<br />�`�`��:; '� leasehold tuid the fee tide shall not merge unless Leadcr agtees to the merger in wrltiag.
<br />'.-«�+� t 7.Peotectton oi Lender's Itighta in the Property.If Borrower fails to p�rform the covenants and ng�ments coatainecl Ia
<br />�= ,'',:' this Securlty Insuument.or there is a legal pruceeding that ma,y aignificaatly affect L.ender's rIghta in the ProPertY<such ns a
<br /> i�: ...�«� proe�d�ng in banlauptcy� probate.for coademnation or forfeitum ar to enforce lawa or regulatlona). then Leader may do actd
<br /> _ -- =�;,-� pay for whatever is rta�ssary tu pmtect the value of t?ae Property aad I�ender's ri$hts in the Property.Lender's actions may
<br />=r-�� include pt►ying any sums secured by a lien which h�s prlority over thls Security insuument, aPPeartn8 tn court. payiag
<br />�;-.�-,�rm
<br />-==�=,�;,,��`=� reRSOnable attorneys' fces and entering on the Properry to make repairs.Although Leader mt�y talce actlon under thia paragrap .
<br />-��':?''•�� 7.L�ender dces not have to do so.
<br />�!�u�:►�� Any auiounts diebursed by Lender under this pnragraph 7 shalt b000me Additionel debt of Borrower secur�d by this ,
<br /> `'��''' Secudty Inatrument. Unless Borrower and Lender agr�ee to other terras of paymeat,these amounta ehall bear iaterest from the
<br /> 'r� •�"�� nble, with intes+est,upon nottce from Lender to Homower c�equesting .
<br /> __;_;;y� date of diabursement at the Notc rose and shaU ba paY
<br />�i��� puytnent.
<br />- °'`�°�^��� 8.11�ortgage Ins�us►uce.If 1�endex roquired mortgage inaurance as u wadidon of mnYing the loan securad by thia Secudry
<br /> �°'—'�= Insm►ment� Borcower shnU pay the pre�niums re9uired to malntafn the mortg+�ge insurauce in effect. If, for any c�eason. the
<br />�-_���'� mortgage tnsurance coveroge required by Leader lapses or ceases to be ia offcxt.Borrower ehalt pay the pA+ccmiuma m,quired to
<br /> -�-;�y�u obtnin coverAge substandally equtvalent to the mortgage insureace previouaty in effect.at a wst substandally�:quivalent to the
<br />�;;:::,,:±.�:� cost to Botrower of the mortgage insumnce pteviously ia effect, from an eltaraate mortgege insurer appmved by L�:���, if
<br />-''"''���"� � subssantially equivalent mortgage insucance ooverage is not available.Borrower shall pay to Lender each month a sum c�ual co
<br /> �--, otte-twel8h of the yearly mortgage inRUrance premiva►bein8��d a lo�reserve in�li ue oi f mortgage iasurance. l.osa reseN
<br /> - " �e in effect.Lender wiU sccept.nse and retaiii these Paym _
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