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<br /> OP101126 ''�`'
<br /> . ; �� . . . 9�����►� �:::
<br /> � ' S. Ha�rd or Property Insurance. Borrower shall keep the improvements now existing or hereatter erectcd on the �_
<br /> ° Property insured against loss by Crc,hazarde Included wtthtn the term "extended coverage" and cu►y other hazards, inciuding _-
<br /> .�,�' floods or floading,for which Lender oequires tnsueance.'itiis ineurance shall bc malntained in the amounts and for the periads _._
<br /> that Lender requires.The insurance carrier providing the lnsurance shall 6e chosen by Bonower subject ta L.ender's appraval
<br /> �� �- wtuch sh�ll not be unrcasnnabiy v�ithheld. If Bormwer faHe to maintatn coverage describcd above, Lender rnay, at Lender's �.-
<br />- ' '� option,obtain coverage to pmtect Leader's dghta in the Property!n accordance with paragraph 7.
<br /> �� All ins+uance policies and renewals shatl be acceptable to l.ender aad ahall iaclude a atandard mortga�e clause. Lender `
<br /> . ; ,,;�q shall have ttte dght w hold the policies and renewats. If Lender requims. Borrower ahall promptly give to Lendet all coceipts of
<br /> he
<br /> +� paid premiums and c+enewal aotices.In the event of losa,Borrower ahait glve pmmpt notice to ehe insurance carricr and Leader.
<br /> ✓'� I,ender may make proof of toss tf not made pmmptly by Borrower.
<br /> T�-�. : .
<br /> �;�.-�--�. Unless Lender anA Bornower othenvlse agree in wc[ting, insurance proceeds shall be applied to restoratlon or repair of e
<br /> _- �� prop�rtyr damaged,if the restoratlon or cepair!s ecoaomically feasible aad Lender's security is not lessened.If the restoration or
<br /> � ' repair is aot economically feastble or Leadet's security would be lessened,the insuraace proceeds shall lse applied to the sums
<br /> :,��. secured by tt�is Securicy Inscturaetu+ `�'hether or not then due.with any excess paid to Borrower. If BoTrower abandons the
<br /> �, property.or does not answer withi�►30 days a aodce from Lender that the insurance carrier has offered to settle a claim, thea
<br /> �;�;=.:' . Leader may collect the insuranoe procePds. Lender may nse the proceeda w repair or reawrc the Property or to pay sums
<br />,:°,::.�� :..�`� � secured by this Security Insuument.whether or not then due.'Che 30day perlod will begln when the notice is given.
<br />,:.,.�: : „ Unlesa I.ender and Bormwer othecwtse agree In wrldng�anY aPPUcation of proceeds to principal shall aot extend or .._
<br />"r.s'�r.:-.•.;.a:��
<br /> _.-;,.:.�•.-�::,, postponc the due date oP the monthly paymeuts referred to ia paragrapl�1 and 2 or change the amount of the payments. If
<br /> , uttder paragraph 21 the Property is acquired by T:�nder.Borrower's ri�h�ht w any insurance policies and proceeds resviting from --
<br />;�::�,:_•;�, ' dem�8e to the Property Prior to the acquisition shall pass to Lender w the extent of the sums secured by this Securlty Insuument
<br /> ' ,� '`._::_;�.�,• immedtately prlor to the acquisidon.
<br /> ^�x'"'�-..• 6.Ocewl�aacy+Preservation,Mainteanance end Protedi�n of ihe 1'roperty,Borrower's Loan Appllcatioa; Leaseholds.
<br /> _y�+,�
<br />���:=�; Borrower shall occupy.establish.and use the Property as Borrower's principal residence witbin sixty days after the execution of
<br /> `"�i''-'�` this�udty Instrumeat aad shall contiaue to occupy the Property as Botrower's principal resldence for at least one year after
<br />�-���ti�x;;;;;�• � s
<br /> _-��-,�, the date of occupancp.unles,s Leader otherwise agrees in writing, which consrat r�haU not be unreasonably withheld.or unless
<br /> __`�-� extemuatlnB circumstaa�s exisc which are beyoad Borrower's control.Bonower shall not destroy. damage or impair the
<br /> -�- -__—__ p�p�y,� �liowr the propecty to deteriorate,or commit waste on the Progerty. Borrower sl�sll be in default if any forfeiture
<br /> "�;,�,�,� aation or prooeediag�whaher civii vr c�L�iaat. is�.guu shst ia L�sd�'s g�a_i faich judgment could result in forfeiwre of the
<br /> - ���-- pcoperty or othecwise mater�ally isaPair the liea created by this Sec.vdcy Instrument or Leader a securIty interest.Borrower may
<br /> ----_= cure such a defauit and reinstate.as pmvided ia paragraph 18. by causing the actioa or proceedtug w be dismiesecl with a nuling
<br /> --_-- that. in Lxuder's good faith determination� Pre�ludes forfeitute of the Bormwer's interesi ia the PropertY or other raaterial
<br /> --_---= impainnent of the lien created by this Security Inst�wnent or Lender's sec�uity interest. Borrower shall also ise ia def�ult if .
<br />--- _- --- Borrower.during the loan appliaation p�r.ess,Bave materlally felse or inaocurate fnformatioa or statements to Leuder(ar fa�eQ.
<br /> to provide L,ender with auY materlal inf°�on)�►connaction with the loan evidenced by the Note.includini,b�t limited
<br /> - ---- to,representat3oas ooaoe m i n g Borrower's aaupancy of the Property as a pr�cipal residenoe. If this Secvrlty �f is on a
<br /> - -- leasehold, Borrower shall comply with all the provisions of the lease.If Borrower acquires fee title ta the Pm�rty. the
<br /> _� - leasehold and the fee dtle shaU not merge unless Leader agrees w the merger in wrlting.
<br /> 7.Protectlon of Leader's Rights in We Properiy.lf BoTrower fails to perfarm the covenants aad a�ts coniained ia
<br /> tH3s SecuritY Insuua�nt. or there is a legal pt�oceeding tbat maY�B��Y affett�.ender's rlghts ia the Prope�Ry(sdcY�as a
<br />�-�-°� Pmceeding in bankr�PtcY>Pmbate�for conde�nativn or forfeiture or to enforce lawa or reg�lations). �Lenda's actions maY
<br /> . pay for whetever is necessarY to Proiect the value of the PropeRy and Leader's dghts in the Property.
<br /> ----'"`°'"� include paying aey snms secuced by a lien �vhieh has priority over this Security Insuumeat, aPP�T�B in court. PaY�nB
<br /> reasonable attomeys'fces aad eateriag oa the Property to make repairs.Although Lender may take action un.d�r tbis patragrapfl
<br /> 7.I.eader does aot have to do so.
<br /> _ _�� pny amoun4s disbursad by I.ender under this paragraph 7 shall become additionat debt of Boiro�ver secured by this
<br /> -___= = Sxucizy-ta�tr�ua�. Unle-�s�orrower and Lender agree to other terms of uayment, these amounts shail bear interest from che
<br /> _�_.__ •' a�t ;u►vi L� Ljw.��r«C..° f1C?B2��rS!�!'! ��fFewas st�tutcxtina
<br /> . - date of disDucse�nt at me riote rate aad suait oc payi�i�. �• _
<br /> a mo e iasurance as a conditioa of malcing the loan secured by this Securiry
<br /> p � e Insuranoe.If Leader reQuired rt�a8
<br /> 8.Mortga�
<br /> � Insqvment� Bornower shall paY the premiums required w maiutain the mortgago insurance la effect. If��for any crason, the
<br /> = mortgage insurance co�eraBe recNi�d bY Lender lapses or cx�ses.w be ia effect�Borrower shall pay the premiums required to
<br /> - obtain coverfs�e substantially equivalent to the mortgage iasutance previously ta effect.at a cost substa�itially equivatent to the
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