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<br /> g. Huza,i•d oP Y���crSyv Boi,urA�tte. Ba�m«�shctll (<e�:p th� improvements now existing ar here�zfter erected on the � H..
<br /> pm�rt;fn�±+*�:£,„!*�! !^:s. '�� !�r_'. hn••�+nls i+uleufad�vithin t�e tcrm "extended covera�e'und any ather hauuds, includiaII •
<br /> 8aads nt ilaadinB. titt�vhiql� l.cndcr rcquitcx insum�mc. '�hla imurnnce shall ht maintalned in!he umaunts nnd for thc perfads �i► ._
<br /> piut I.en�irr rco�uirc6.Tlic;ln��urame currIce p�ovic�ittFi the insamnce shall be chosen hy Borrower subjcct ta L.ender's approval �
<br /> vrhich shn{I not ho unre:uonaE�ly withheld. If BarrA��ver fufis to maintuin caverage describ�d above. i,e�tdcr nu►y, at l.cnder's �
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<br /> optian. ��btuin covcr��c t��rc�tcct LettAtr's ngnts in,tno'rru�..y��..�...,........•.� •• p � p � �_
<br /> All insurunue polfcies and renew;tla shall ba�•��reptubie to Lender and shall i�clude a stundarJ �mrttguge cluune. Lend�r � `
<br /> shall huve tha right to huld,tha policies uns!tan2�va{�s.lf i.ender requlres.8orrower shutl pmmpdy give to Lender ull rcceipiF of -
<br /> paid premiums and�•enowut naticcs.In tt�o ovea�t of�o�.c.�orrower shull give prompt notice ro the ins�runc.carrter und Lender.
<br /> Lender niav mnke proof af lass if not msd�promptlar by Borrower. —
<br /> _--.-----.......o.+o��.ou�4.�it.u1�n r�rnruri�n�r renuir af the
<br /> Unless L.ender and Barro�ver otharwi�CA�it10�z�wiiiiug. s�w�a�.w�....��.............. ..r�.._.
<br /> ptoperty damaged.if ihe�estarntian or repa3r is eoo�omically feasible and Lertder's securtty is rtat lessened.If the restoratlun or
<br /> rep;iir js nat exonomicutly fezi.gible ar Lender's socurity woulefl be lesse�tc�.the insurance proceeds shnil 6e applicd to the sums �
<br /> secured by this Secudty In.ctcument, wh�ther or nui then due,with uny excess paid to Bortawer. If Borrower abandons the
<br /> Pcoperty.or does rtat wibwer within 30 days a�nnsice from i.ender that the insurence can�ier has offered w settle u clu�m.t��en
<br /> L.ender may coll�xt the insurancc proc+eods. L.entiar may use the procee�s to repair or rpstore the Property or to pay sums
<br /> secured by thfs Securiry�nstrumeni,whath�r or nat ahen due.'The 30-day perlod will begin whea�the notice is given.
<br /> Unless Leader anfi:Borrower oth�rwise agtee ia wridng,any appiic�tion of proceeds to principat shull not eztend or
<br /> postpone the due dttte cr�i the monthly Qayments rQfe�red to in paragraphs 1 and 2 or change the aznount of the pay�nents. If
<br /> under parsigtaph B 1 the 1Prope�ty is acqqired by Lender. Barcower's r�ght to any inswance poltcies tuul procesds resulting from
<br /> daznage to the Property prior to the acquisitian ahull pass to Lendec to the extent of the sums seruted by this Secudry Insuw►tent
<br /> immediataly prior to ths ucquisttion.
<br /> 6. Oocupuncy, Pr�ervatton�Mnipt�una��unai PnulecMon of the Property;Borrower's Laan ApplicatQon;I.eASeholds.
<br /> Borrower shall occupy,establish.unsl use tha P�aperty as Borravrer's princlpal resideace within s3xty days after the execution of
<br /> this Serurity Instrument and shall continue to o�supy the Pro►peny as Borrower's pnincipal residence for at least one year aRer
<br /> the date oi�ocupariry.ur►Icxs I�.nder othe�wias��rees in writing, �vhich consent shall not be unreasanably withheld.or unless
<br /> extenualing circumstances extst whir3� axe beyond Borrower's c�ntrol. Borrower shall aot destroy, damage or impair the
<br /> Property, allow the YrapeRy w det�riorate, or rnmmit waste on the Properiy. Borrower shall be in defuult!f any forfeiture
<br /> action or proceedin�;whelher civil or crimina�i�is�aegun that in I.ender's good faith judgment coald resu'.t in forfeiture of the
<br /> Froperty or otherwiss cnuterieilly impair t1t�lipn cr�ted�y tlus Secwity Instcument or i.ender's security imeKSt.Barrower may
<br /> cure such a default and seinstate.as pmuided it�parap,ruph Is. by causing ti►e acdon or proceoding w be dismisseci with a ruting
<br /> that. ia Lend�r's gaod faith determinattian, ptecludes forfeiturc of the Borroaer's interest in thc Property or other materlal
<br /> impairment of the l�n created by thls Securiu�Inssmment or Lender's securiry intemst. Borrower shall also be in default if
<br /> Barrower,during the losn application process,•gave mme;ially t�se or inaccurate nnforrnation or statemenu to Lender(or fuiled
<br /> to provide Lender��cith r�ny matorial infonnatitm)in c�nection wiYh the loan evldeneed by the Note,including,but not limited
<br /> w,representatlons�onceming Boirower's ooca�pancy of the Prnpeaty as a principal residence.If this Security insuuraent is on a
<br /> teaseho}d. Bnrrowr�z ahall comply with�ail�the provisions of the lease. If$orrower a�uires fee title to the Property. the
<br /> Isacehold•hnd the fe�titIle shall nat m:rg��t►less 1-er_der agrees to t�e merger in writing.
<br /> 7.Protecttotu nt I.�ndea's Itig61�in�tlte�propr.�ty.If Bonower faiis to perform the covenams and agreements coatainad io
<br /> .3his Security Iastru�tnent.or thero is n legril�pznoeeding that rnay significantly affect I,ender's rights in the ProPertY(such as a
<br /> • proceeding in;�anluvptcy,pmbato,foncondeunnation or forfeiture or to enfonce Iaws or regulztpons),then Lender may do and
<br /> pay for whatever e�i ne�e.csary to pmtect tha•�r3ua of the Propaty amd Lender's rights in the Property. I.ender's actions may
<br /> inclade pay[ng si►�r su�s�rM1 hy a Uon.�tifiich has prioriry over this Securlty Instnurce�, appeazing in court, gaying
<br /> reasonable attomays'fees and entering on th�Prop�rty to make repsirs.Although I.ender may take action�utder this paragzaph
<br /> • �7;Lender does not.�iave to do so. � • '
<br /> Any amounla disbursed by L�nder und�this patagraph 7 shail become addidonal debt of Bomower securad by this
<br /> Security Instrumeat.Uniess Borrowc�r aa��L•ensler agree ta other terass of paymsnt,these aznounts shall bear intei+est fiam the
<br /> date of diaburcemnnt at the Hot�rata��nd�s�+s.0 be payable. with inteiest, upon notice from Lender to Borrower requ�.std�g _
<br /> payment. '
<br /> �.Mart��l�:rsne�,If 1.e.nAe�r required mortgage insu�ance as a condiaon of making the loan secured by d�is Security
<br /> Insaument, Horrau�►er sha►1 paY thd preiniums teqnir�d w meiatain the mortgage insurance in effect. If. for any rea3an, the
<br /> mortgage insuranm�a�veraga raquiru��by Ler�d�r lapses or ceases to b�in effec2.Borrower shall pay the premiums c�quirad to .
<br /> obtain coverage s��stantially equivaidnt Qo th��mo�tgage tnsurancae pteviously in effect.at a cast substandally equivalent to the . '
<br /> cast to Borrower uf the mortgag�insuianc� pmvTiouc�y in effe�t, from an eltemate mortgage iusarer appraved by Lender. If
<br /> substandaliy equivdent mortga�e insurance cove.nsge�ia,not av�lable.Borrower shall pay W L.ender each month a swn equal to � �
<br /> ono-twelfth of th0 grearly mortgage insuran�prc�nfuzn being paid by Borrower when the insurance covera�e lapsed or aeased w . ; •
<br /> be in effect.Lendcsr witl accept,use and mtaft�th�s payments a� u 1o�s reserve in lieu of raortgage insuraace. Loss reserve �
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