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<br /> '� S, 6lne�ard or Property Insuennce. flonowet ehail keep the improvemente �ww cr►i3tia� o� her�aft..r t.ccic� on t�e
<br /> ' , Propeny inauced ogalnat loss by fire,hazurda ineluded within the term "eatended c�verage" nnd aa�y other hatards, including _
<br /> � flootiia or tlooding, for whicb l.ender requirea insumnce.This insurtuue shall be mnintuirted in the amounte and fcar th�periods _
<br /> that Lender requtrea. The insutnace curder providing the insurance shNt be chosen by Borrowor subject to Lender's approval
<br /> � which sh�ll not be wueasonably withhe(d. If Bonower fuils to maintnin covera�e desedbed aisove. Lender may.at l.ender's
<br /> � . option,abwln coverage to pmtect I.ender's rlgbta in the Property in accordaace wlth paraS�aPh 7. ,'_
<br /> Ail insurance policleg and renewals shall bs Rcceptable to I.ender nnd shall include a standnrd tnortgAge ciAUSe. I.ender
<br /> , , .,. shall have the right to hold the polietes end cenewals. If Lender requlrea.Eorrower shall pmmptly give to Lender a1t receipts af
<br /> paid premiuras and reaswal uotfces.I�the event of loss,Horrower shell give pmwpc notice to the insurauce c�urier end Lender. -
<br /> :,Y:.�::•�� I.ender may make pmof of toss if not mude promptly by Borrower. _
<br /> � •'""' Unless Lender cu►d Borrower otherwise agree in�vritia�,tnsurance proceeds shall be applied to restorationor npair of the
<br /> � Progerty dF►mn�ed.if the restoration or repair is economically feasible and Lender's securiry is not lessened.lf the re�cc�radon or
<br /> ►m
<br /> _ repair ia n�t ecoaomically feasible or Leader's securiry would bF lessened,the{asurancc praoeeda sha11 bo applle�to the sums �
<br /> � ' secured by this Security Inatrument,wl�ether or not then due. �vith any excess paid to Borrower. If Bomawer abandons the _
<br /> •• Propaity,or does not answer wtthin 30 duys a notice ftom L,ender tAat the insurAnce carrier has offec+ed to seale a clalm, then =
<br /> Lender may wllect the insurance proceeds. Lender may use the pmceeds to reputr or restor�: the Property or to pay sums �-
<br /> � secured by this Se,curiry Instnuneat.whether ar not thon due.The 30-day period will begin whon the aotice is glven. ___.
<br /> Unless Lender and Borrower oWerwise agree in writing, any application of proceeds to pdncipal ahall not extend or
<br /> •' ' � postpone the due date of the montiily payments referred to in part�tapha 1 and 2 or change the amount of ide payments. If
<br /> . -, wtder paragraph 21 thE Frdperty is acqulred 6y Lender.Borrower's right ta any inaurnnce policios and proceeds resulting from
<br /> '" r damage w the Property prior to the acquisition shall pass to Lender to the extent af the sums secur�ed by Wia SeWr3ty Insmiment
<br /> ,:�;',. . �, irn�aediately prior to the acquisidon. � 1i��pp•
<br /> .,;;;� 6. �ccupuncy, A�eservatiom, Matatenunse and PtaY�at�on of the property; Bormwer s I.aan Ap� �
<br /> ��,;�,;'��;.� Y.eASehol�.Boirower sUaU oocugy,establlsh,and use the Prap��an Borrower's principal rPSi�pce wltbfn sLsty d�s after the
<br /> �'��`.�`�:- execudon af thia Security Insuumcnt and shall cpntinue to occupy the Property as Borrower's pr�nclpal residza�ro for at leas[one
<br /> � ;. year after the date of occupancy,unless Lendor othenvise ngreea in wrlting. which consent ahail aot be esnrea+a►aMy wlthheld.
<br /> ..•. �' or unless eactenuating clrcuunscances eaist which are bayond Borrower's conaol. Borrower shall uAt desuoy. damase or impair
<br /> , �t. tite Properry.allow the Property tm deceriorato,or commit waste on the Properry. Horrower shall be in default iF any forFeitura _
<br /> "� action or proeeeding,wbether clvil or crltninal. ia begun that in Leader's good faitt�judgment could result intortelture of 1he
<br /> .;; '°``�'� Pmperty or othenvise m�terially impair tlte llen cret►tEd by thls Securlry Insrrumettt or Lender's securiry 'rmereu. Borcower may
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<br /> ,-,-.��:j,:' tur�ouc2s s�fanit s@�instatp.?s gtevl�e�Ln�Y�,v�rnph 18,by causing the acdon or pmceedGnB ta be dlamluoc�w1W a ruliug
<br /> that. ln Lender's good faith deterndnation, precludea forfeit�u� 04 the Bormwer's intereat in We P�opectY a oiher materlal
<br /> ''-�*'�`� �^ lmpaim►ent of the lien created by this Securlty Insw�uent or L��nder's securiry intet+eat. Borrower shaU alsobe in defFwlt if
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<br /> _., ;,;;;, Borrower,duriag che loau application process,gave materially falae or inaccuraus inforniution or statements to lender (or failed
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<br />__- --°�rr,s�' to provido I.ender with aay muudal infomu�tton)in conaection with the loan evideaced by ttto Note.including,bue not limited
<br />='��"z�:��?��. to.oepresentallons coacernibg Borrower's occupancy of the Property as a principal residence.If this Secudty Iest:ument ia oa a
<br /> ==-w-���� leusehald. Bomnwer ehail comply with Nl the provlstona of the lease. If Borrower acqnirea fee tttle to 0e Property. the
<br /> _,.��;� leaschold aad the fu title shall rtot merge anless Leader agm,es to the merger in wdting.
<br /> �-.� 7.Prntoctton of Y.ender's Rtghts In thc Property.If Borrower fails to perform the covenants and agreem�nu►oontafned in
<br />---=-'�'—s thla Securlty Iastrument.or there is n legN procerdinB thnt mny significantly nffert Lendar's dghta ia the Propetty (euch es a
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<br /> Y,���;,�� procceAing in baakeuptcy.pmbate.for condemnat(on or forfeiture or t4 enforce lRwa or regulutionn).thcn a.enQermay da end
<br /> -----____ pay for whauver!s nscessar�►to pmtect th�value of the Property and Lender's rlghte W the Property.Lendtr•enctIona may
<br />- -..,:�,� includo paying nny sums secured by e lien wbieh hns priority over thta Security Wstcumeat, appearing ia oourt� PaY�B
<br /> =-.o•;:�,:_.d,,,;�+'. reasonabla cttomeys'fees ond entetfng on the Property co make�spairn.Although Lender may take actlon ust�r ahls pnragcaph
<br />—�;�;�:; 7.Lsndor does nos huve to do sa.
<br /> -�—__--_ Any amounts dtsbursed by I,ender under this pur�gmph 7 ehall becaate additlonnl debt of Borrovsrer se��ured by thla
<br /> ,:�:r�;;;y,y�, S�curiry Insuutaaat.UNess Bomower end Leader agrec co other terais of payment.these amounu shall bear Inserest tronm the
<br /> - �u��.�. daLe of dlsbursement at the Note ratc and sha11 be payable. with lntecest. upon notice from I.ender to�ortower iequesting
<br /> _.�:��sa� payuient.
<br /> '���� 8.Mortguge Iasureace.If Lendcr required mflrtgage lnsurance tis a condttion of making tho loan seouacd tsy this 5ecurtt�►
<br /> Insteument, Borrower shall pay the premtwns rec�ulred to maintaia the mortgage insurnnce in offect. It, -fa any erasan.the
<br /> �^��� ��►R�,oP inc��mnre cnverage reoutred by I.eader lapses or ceases W�e in cffect.Bormwer sball pny the premlums re�utced to -
<br /> obtain eoverage substantially equivalent to the mnitgege ii�s�erau�ce prcvtously ln effect.at a cat substanduflty eyuivufc�ut w the �-
<br /> "�'�'"�� cost w Bnmower of the mortgage Insurance previo�ly in effcct. from en elternate moctgage ipaue�r apprura8 by Leader. If
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<br /> ,;.,,.....��,�� substantinlly equivatent mongage insurance coverstge is aot avtiiilable, Borrower shall pay to Lender each�noeth a awn eQua1 to
<br /> _�;..:.,�,.;. � oae-twelfth of the yearly mortga�e insurance premh�vn betnB paid by Boao�ver when the insurauce oovcrage l�sed or aased to _
<br />�;��':?' � be 1n effect. Ixnder wilt accept,use and rewin atie.se payments as a losa neserve in lieu of mortgage insuranx_ Loss reserve _
<br /> ,;���'; ' ; Form�028 OtQO `"
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