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<br /> � S. Hors�rd or P�wperty InSUrnnce. �orrower ah�lt kcep che improee�nen�a now exiatinII on c�reufter erected on the � ,t _ ,
<br /> ��
<br /> ~ Property insured ogNnst loss by firc, hazards includcd wlthln thc term "catendcd coveruge" nnd uny ofhen c�izarde, includinB �
<br /> . � �• E�ooda ar ilaoding,for�hich l.ender requlres Inaum¢ice.This iasurance nhnll be maintained in tho umounta nnd fnr tha pertoda �
<br /> �__�-.
<br /> that Lendee eequlrea. The insurrnce cdnier providtag the IASUrnnce ehnll be chosen by Borrawer subJect to I�.endor's npprovai � �,`,
<br /> , �vhich shall nat bo unrensonnblY withheld. It 9onower fnils to mnintnin coverage deacribed nbove. L�ader mny, ut Lender's �
<br /> ' optioa.abtnitt covernge to protect Leader's rights in the PropeTty ia nccordance wl�h p�rngrnph 7. ��*==
<br /> � All inaurunce pollctes cnd renew�ls shull be eccepmble to Lender and shNl iRCtude n atandard mortgage cluuse. Lendet � -�-
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<br /> � ' a shNl hnve the right to hotd the policies and rene��vaie. if Leuder requires. iiorrowcr r��alf promptly give to txnder ell receipts of ���
<br /> . '' �� paid premiums nnd renewal noNces.la the eveat of loss,Borrower shnli glve prompt �otice to the insurance carriBr and Lender. � -
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<br /> `r;��` I.ender mny raalc�proof of loss it nut mude promptly by Bo:rowee. E;��
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<br /> ;...:ao 1 Ualess Lender and Borrower o t heaw lse agree 1 a w r i t i n8, i�s u r a n c e P m c e e d a s h s�l l b$a p p l i e d t o r e s t o m t i o n o r r e p s�r o f t h e
<br /> Property data�ge,d.it the restoration or mpair ia economicatly feuslble nnd lxnder's security la not lessened.If the restor�tton or
<br /> � tepatr is not eoonoruically feaslble ot Lender'e security would 6e l e s s e n e d,the ia+urunce proceeda shnli bn applicd to the suma '�
<br /> ' � '?' securai by this Secwlry Inauutaent. whether or not titen due.witb any excess paid to 8orrower. If Borrower nbnndons the 1--_
<br /> ' '� Pmperty,or doES nat uuswer withiu 30 days a aotioe from Lender tha�the insur�►ce carrier ht+s offered to settle u clulm, then __
<br /> � ' L�ender rat�r colidst �6e insur�uece pmceeds• 1�ender may uae the procecds co repair or restore the Property or to pay sums __
<br /> "��-� secured by this 5ecuriry Iastrument,whe�her or not then dv�e.The 30�day period wUl besin when the aotice is given. _
<br /> � ` Unless Lender nnd Sorrower othenvlse agteE in wridn&, �nY apPl�canon of proceeda to principnl shutl not eatend or __
<br /> � postpone the due date of t�e atont4ly pAynteath►t�eferred to ia paragraphs 1 and 2 or chanIIe the sunouat of thB pAyments. If
<br /> . �: � uiWer paragraph 21 the PropertY is acquired by Lender.Borrower's riQht to any inaurauce policies and pmceeAs rPSUlting from
<br /> � . '�" drunage to the Property Prior to the acqWsition ahall pass to I.ender to tiie extent ot ttca suma secuced by this Seeufity lastrnment
<br /> , ; ,°`•'' �` immediutely prior to the acquisWon.
<br /> � • 6. Occupsusc3', Fres��v¢�Eon, Maintenonce nnd PrMc�tion oP th� P�roPertY: Borrower's Loun Applicatloa; _
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<br /> . - Le�sehoids.Borrnwer shall accupy.esteblish,and use the Property as Borcower's px�acipal resldeace withta slxty duys after the --
<br /> � execudon of thia S�curity Insuumcnt and ahzill contiaue tn oacupy the Ih�aoerty as B�rrower's principal residenoe for at least one
<br />_;' .. ,. year after the date of occupancy.untess Leffidsr athezwise agrces in vrna¢ea$.wblcb consent shall not be uareasonably wIthhel@,
<br /> `•� or unless axteauat�ag clrcumstances exist which are t�cyoIIrtl Horroaer's oontrol.Bo�rower shall aot destroy.damz8e or impair
<br />: ,i . .,,� .
<br /> y�� tbe Propepty.aUow the Property to deteriorate.or coanad4�vaste un the Property.B�rrower shall be ln default i�say forfeit�re
<br />- . ection or pmoeeding,whether civii or crimiaal. ts begou►¢fl�at ia Lendsr's good feitD�Judgmeat conld result in fcr�iture of Wc
<br />-�:;�.,.:' . •� property or othx�wIse materIally impair t���w created by thls 5ecurlty�astrua�ent or Lender's s�ecwiry interest.Borrower ma�y
<br /> �'�'`.,:'•�.''.�_, aue sucb a default aud rein3tate.as pnovi�srtl ia paraSeaPh 18.by caus9ng the action or pmcxedin8 to b�disndssed wiW a n�ling
<br />�,��f/,iti e �,�?' WAt� in Lender's good faith dzteimiaation,Precludes rorteitum oi ihe Borc�wa'a inicicsi ia� �. .�.n:.stssr snster3�1
<br />-�;�:�`�w;:.,2',:tr,. imgair�nt of the lten areas�J�y this Secutity Instrumrnt or Lender's securtty latc�est. Borcower shall als�F�e�.�n defuult if
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<br />;;;a;�•:•,. -3�, Bomower.dudng We laau�pi€etttloa prooess,gave materially falec or inaccurate ia.fcNmation or statements co Lrcndict(or feU
<br />�i��:�; :, to provide i.end:�r wlth uny material infoseQ�tion)in connect[an wit4 tpco IQan evidenced by the Nmts,3ncludi�.�nn not Itmited
<br />���i; �'�. tu,represcntadons conxming Borrower's a�paacy of the Property ng a prEncipd aesideace.If thas 5��ttity Yasuubaent is�n�
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<br />���Y.,:�� leaschuld� Borrower ehail comply with all the provisioas oY the leasz. If Botrowr.T a�cquires fee dde w k �'mpe�ty. the
<br /> ;-. ���. + leasehold and the fee dde shall aot rocrge unless Lendet�n:es to tt►e mESrger in wriYrna.
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<br />��''�h?�:t:`�� � 7.Prata�lan oi Leader's Rtghts in ttte PropeYty.IQ 1�rrower faila to pertoran tlte covenanU�nnd agreemen�s sAnt�tacd in
<br />����:-����yA��r this Securicy[r,�ument�or thsre is n legal prnceedin8 thFU maY s�gnifc�atly affect Lender's dghts ia the ProFartY(such as n
<br /> °�'-�f-.,�� praeoeding in baakeuptcy�pmbate,for ooademaatton or forfeltum or to enfonce lawa or regulations).then L�ender mqy do and
<br />-_---�"` pay for wuatever i�aec�ry►to pmtect the value of the Thope�ty c�nd t.ender's r�gbts in the PropertY. i.ender's actions may `
<br />-�'���� iuclude paY1nB 8RY sum4 s�urod by a lien which hrs prtoriry over this �e�urity Instnunent� ePPe�B in caurt. PaY�B
<br />�"'��� nasonable attomeys'fees c�J�aa2�.°ting on Wo Pmpeny to ma1ce n�p�ics.Nthoa�h 1Lendet mgy tnlce action tutder tliis paragraph
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<br />�—„�„�-,�;�„� 9.[�ender does not have to flo so.
<br /> �»�..�„�yr�42, pny ar,muttts disbursed by Lender under this parngraph 7 sbalf beoome adcUtional debt of Borro�ver s�cured by this
<br />"'.....'°�.�sy��`�'�� Securlty Iastzumrat.Ualess Borrower aad laader ugree to otbea cercas oY,paymccit,these amovata shall beur iaterest frum the
<br />'�;;���``A._�'�� dt�a of disbuisement at the 1Vote rnte aud shall be payn'b1e,�Wth inccrest. upon noare from Le.ader to Eortc'�:$r roquestipg
<br />�"in`����'�� flif}1[ACDt.
<br />-�'"°"'-�� 8.Mortg�e lavue�nce.If Lender required mortga�rt lasnrnnoe as a wadidoz of mahing the laan axuia3 6n�ahis Secudty .
<br /> ' Insuument. Borrower sha11 pay the pramiums required to mflntai�►t&re mortgpg¢ insucance in eff�ct. If. for any neason. tt�e 6't'•
<br /> - - —=� mort$age iasucanL�eoverage�quir�i by I..e�drr ia�cs or�z:�,�s tu is�i�eif�ct,�,-��c:eha3!p�:hc pr�si�squfs-.�tc ,"�,'�- ° -
<br /> -- _ -.'��"� ubtafn movermge substantia'!y equivatent to the mortgsgm inauranse previously iu cf.�aut,ut a cost bubstantiatiy c.t�fva�cat to ttio �. °
<br />��� oost to Bornowzr of the carmguge insuruna prevtousty fn cffott. from un alt�em�'x�ortgage insurer appmv.d�y L�asd�er. It
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<br /> _ ._.�;,�;,- aubstantially equivalent moitgage ta¢urance ooverage ia nat a�ailuble.Bomower sita"]�ay to Lender eacli moath a awn oqual to •
<br />='�'-'`''�:7j[''�r' one•twelith of the yearly mortgage insumaoe premlum being pafd by Borrower whcn the insurnnee coverabe lapsed or cw.sed to
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<br /> � . Ee In effect.Lender wlll aocept.use aud retain tUese pz}r�a�ts as n lo� c�en+e in lien of mortgaIIe insuravos. Loss �seive
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