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<br /> ' �. Hnxa�d or �'roperty InAUreace. Iiorcawer ehail keep tfie impr�vements no�v exiRtin�ur herenPter erected nn �._
<br /> . the Pmperty insured a�uinat losa by fire,hn�urdR{ncluded within the term'extended covtrto��' end any other hoz�rdy,
<br /> 'A � �
<br /> � Includin�floods or flandin�,far which I,ender requires inauronce. Thie insurancd Rhall ke maintuined i�the nmaunts �
<br /> and tor the periods thot I.endar requi�es. "1'he insurnnce carriec providioq the InRUrunce shall hd chosen by Horrnwer �`
<br /> ,.. subject tc�L,ender's npprovul which ahall nat be unrea�anably withh�ld.IF Hor���vcsr PuilR tu mnint�irt co��ernge described K_
<br /> above. I.ender mny.ot l.ender's aption,obtnin covernge to protect Lcndar's �iahte in the Pmperty in occc�rdunre with �
<br /> paragraph 7. =
<br /> All insurunce policies nnd rene�vals Rhall ba eccepteble tn l.e:ndar and shall inal��de a su►nderd martQoIIe rluuse. -
<br /> l.ender shatl havo the right ta hold thn policies nuJ rendtrals.IE l.cnJ�r ecqufre:., Iiacco�ser shnit promptly �ive t� �_-
<br /> � Lender all receipts o4 patd promiums and tenewul nottces.ln the event ot lurs,Hnrmwet shull give prompt nutice t��thn _
<br /> " =-� insurance carrier nnd I.�mder.Lender may make proof of tass i4 not mnde pramptly by Hurcnwer. -
<br /> ' " ^,.,,; . Unless Lender end aorroaer othenvlse a�ree in writinA,jn�urance pmceeda shotl he oppiied to reamrntlnn ar repatr
<br /> of the ProFserty demaged,if the restoration or repair is economically feusible an�i I.endee a�security is not lessened.lf the =
<br /> restoration or repai�is aot ecanomlcnlly feaslble or I.en der's se�urity�vau l d b d lessane d,thc insurn�ce praceeds shall ba �
<br /> applied to the Rums secured by thie Security instrument,whather or n�t.then due.aith ony excess pa(d to aorro�ver.If
<br /> �! Borrc�wer abandons the Propetty.or daes not a�siti•er within 30 days u natta�from l.ender thnc the insurnnce cnmer hns
<br /> � oftered to settle a cinien,then Lendsr may cQllect the insurance pme�ed�. Lender mny use Qhe pmceeds to rep3ir or
<br /> restc�re tha Property or i�pay sums s�cured by this Security b�strument.�vhether or nat then du8.The 3Q-day period will
<br /> � begin wt�en the notico is�iven. _.
<br /> Unless Lendec and Botro�ver v�4h:rwisa agcee in wcltina,�e�y application oi proceeds to principal ehuU not extend or
<br /> �:.� postPone the due dsite of the monthty payments referred to in para�raphs 1 and 2 ar chnngo the amount ot the psymenu.
<br /> � ' If under paragraph 21 the Pmperty �e acquir�d bv Lemder, Hacrower's aght to any insurenca policiaw and proceeds
<br /> ' .. % ' naguitin�t�om damage to the Property prior to the scquierition shntt pass W Lender ta tho axtent at the suma�curec!by
<br /> � . �� � tA9s Securaty Inatrument immediate6;�prior to tha aaquiaitIqn.
<br /> �, �� 6.Occupancy.Prnservati��o.A�lainteaaace and PeoUectior�of the Property; Bavrower's Loan Applice4ion;
<br /> �' ' l.easeholda. Bottower ahall occupy,cstablish.and usa th6 Property as Borroaer's principal residencv�rithin sisty days
<br /> _� atter the esecutlon of thie Securfty Instrument and shall aontinue t� accupy tAe Property es Barrower's principal
<br /> residence for at least one year a4ter the date af oceupancy,unle�Lend�r ath�vise agrees in ariting.which consent shall
<br /> nut be unr�usonably aitAheld,mr unless extenueting circumatances exist whic�ere beyond Horrower's cantrol.Borrower
<br /> ,;�, shn11 not destroy,alamege or im�:aE:the Property,uUow tha Fmpe�ty to daterlorate,or wmmit woste on the Progerty.
<br /> '�P�•� Borrower shall be in default i{any�'�rfeiture actiun ar proceeding, �hsther ctvil or crtmirtal�is b�aun thet in Lender's
<br /> .'�. �"a`� good faith jud�ment could result in forteiture at the Proparty or atherwise materiully impair the lien created by this
<br /> Secur�ty Instrument or Leader'�seautity intansst. Borrowet muy cure auch a default and reinatcate, es pmvlded in
<br /> 3� • � paragraph 18. by cs►using tha actton or pror.eedtng to ba diemissPd wtth a tuling that. in Lender's guod faith
<br />� - deterrn�r.stion.?rectudcs foriei�u��f tt�ti 330���a�r's tnt�.�r�t ia ths Pr��rt�ar tsttsas ma�^tlel�m^+?irr��t o4 the lien .
<br /> � created by this Security Instrum4nt ar Lender's security inte�.,�t.Boccower sholl also be 3n default it Borroaer,during
<br /> _ tho lonn appl�cation process�gave mnterIally falsa or inacc��nte infotmetion or atetemeMe to Lender(or taiQe�to
<br /> •� 'I''` provide I.ender with any m3tsrial information)in connecti�rx�rrlth the Ioan evtdenced by tha Nots,includIng,b172 ROt
<br />�;`'�,:������'. �imited to�represent�n�?ana concerntng Borrower's occupancy ot the Property as a ptincipal restdence. Ii tttis Sacur�ty
<br /> K,,,,,.. ,;�,,; Instrumant ia on u le�.sa�old.Borrower shnli comply with atf tfne provisions oi the lease.It Bvrrower acquires teo title to
<br />_t4,; -S;��:� the Pmperty,tha lesisehold and the tee titla shall not merge anQas�Lender agrees to the merger in writing.
<br /> ,•�;��-�•�'���{;�;�' 7:Protection of I.eader's I�eahta in tbe PraRerty.If Horrower fails to perlorm tAe covenunts aa d agrceanents
<br /> •� = � contnined in thie Se�urity Instrument,or therd is a legal proceeding that muy slgntticnntly affect Lender's rights im the
<br /> -'`'-=�'�'` Pm�serty (such es n proceeding in bankruptcy, probate, for condemnatlon or 4orteimre or to enforce laws or
<br />�,,,;��,'^..:•'''�� rr3gutntions),thon Lender may do and pny tor whatever is nec�sary tu protect the value o4 tho Property and Leader'R
<br />=�-4�!',`� riatde in the Propsrty. Lender's acttana may include paying sny sums secured by e tlen whtoh has pnorlty over this
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<br /> ----=i.:�:� Seour�ty.Instrument,appe�ring in court.payin$reasonabfe attorneya 4ees and entering on the Property to make re re.
<br />—.=:r°i��4�';.-'� A{thouyh Lender may take actton undor this paragraph 7.Lender does not huve to do so.
<br /> �,-'n'�'- ;r�l Any umounts disbursed by L,eader under thie paragrt►ph 7 shall bocc�me addittonal debt of Borrower secured by this
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<br /> �`�'�'� ' Security Instrumen�Utiless Borroaer and Lender agre�to o4her tecros oP paymon�,these amounte sh�il beac in3sseat
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<br />�;"�~,' '"c:, ?rom the date of disbv:reement at the Note rnte and shall be payuble.wit�h intereat.upon notIce from Lender w Borrower
<br /> .';:... ,,'r: _ teque�tity,poym�tlt.
<br />�':;�;'��fr�;;:� ' 8. �d(�ortgage Iasuranca.I4 I,c•nder required mortgage i�nsurance ris e conditton ni making che loan secured by this
<br />-_:�,.a;,R�.�Y Security inatrumant.Borrower shala pay the premiums reqs�sd ta muintein tha�nortgoge insurance in effect.IF,Fa�r any
<br />�;;,;��.:,, rea�on,the mortga�insurance wvorege requi[ed by Lender lapses or ceases to be in etteat,Borrower shail pay tha
<br /> -�-��a premiums required wra obtain coven►ge subete�=iafly equlvalent w the mortgaga Insurence prevtously tn eifect,nt a cost
<br />.i. -�+,.,f,.,�..
<br /> _-.. ,.,,�,,,,.o,�..� subswntiaity equivalent to tha cost to Barro�,er of the mortgage insuranca proviously in ettect, fcom an elternuts
<br />��'""�`a:- __ mQrt3s�e ;nriue• agprove�t hy T endar. Tf �ubatantiafly equ{valent mort�o�n insurance wverage Is not availablo,
<br />="��'"'^�����`F T`� 13orrower ahall pay to Lender ench month a eum equaf tu one Y�velith�ot the yearly mortgn�e insurnnce premium bein�
<br />- . ".. .. ' paid by Borcowet when the insurance wverage lapsed or ceased to ba in efQect.Lendet wiq acx;ept�use ond rewia thesa
<br /> ,., . . " '� payments as a loss resorve in lieu of mortgnge insurance. Y.oss reserve paymenta may no langer be requlred,
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