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<br /> S. �ic�-e�.ed or P�npe��y 6itsnrajtce. i�utr�wee ehsll kccp the impmvements now oxisti�g or hercafter erectcd on the {� -
<br /> Property insured ngc�in°t losa by flre,hn���do inslud.cd wlthlr ehe tcrm°eatended covcroge" and any aUur huznrds. inzluding C
<br /> . Aooda or flaodinII,fnr wl►ich I.e�Acr reWuir,z:a lnsuennse.'�hl�i�tt�urtmcn ehall be mnintained in ilie nmaunts nnd for the gcelods
<br /> thnt[.eader re�ulre�. �`he i�surnncc:enrrter pfovl�IG�a the in3�+ct!nco shnll hs ehasen by porrotvee subject to I.ender's approvnt _
<br /> which sha11 siat be w�re��nn�1y wltbheld,�If[lurrrowce fnita to�nz�mnfn covcrn,c dcscribcd nb�ve, l.cndcr mny. nt l.endcr'R �
<br /> optton,obtain covcrogo to prutect l.cnd�r's.rl3h�n in th9 Pragtttiy In Kccassfmicc wtth{�aragrnph 7. —
<br /> • AIi ingur�n�pa�icfe� ro�d restowr�ls at�a�i!li�r.cs,cptnbl�ta Lesider cu�d ahnll is�clude n�tundAed mortAm3e cinuse. [.ender �F�`'
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<br /> . �, shall havc the right to hold tho policie9 and�t�ancwnle. If Lcnddr requires,Bocrowcr ehull pxompdy givc to Isnd�r N1 receipta of �:
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<br /> p�id premiums und renewai notices. In the avcnt of loso.Batimv�er ahnll givc prampt nutice to the insuranc�carrier nnd Lender. �
<br /> -�� Lender may mak�proof of loas if not mada�promyst4y by Sozra��er.
<br /> --��• Unless Lender aad Borrower otherwiris aQee�Q in wridng,�nsurancs proceeds shatl be applied to restoration or cepair of�he �':
<br /> T— Property damAged.if the restoratton or reppfc Is ccor.onr►fsallp�caslble aad Lender's securlty is aot lessened.If tke rest�ratinn ar �'
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<br /> ; regair is aot economir,�ily feasible or Leitdee's s4curIty wuulrb be lesseaed,the insutance proceeda shall be applied to the sums ■._
<br /> ;� secure�hy tbis 5acurity instrur,�ent,whetkee or not th�n dua. wiii, any ezcess patd to Horrower. If Borrowar abandoas the _
<br /> A, Progerty�or does not answer wiWin 30 dtiya a notice from I.ender that the insura�ce carrtei has offered to settle a clainu,then
<br /> '� Lender muy collect the insurance �mceeda. L�md�r may us�s the pmceads to repair or restore the Property or to pay sums
<br /> �, secured by tl�is Security Insuument.whethGr or n�s th�n dua.The 30-day pedod will begin when the notice is given. c
<br /> Unless I.ender and Borrawer othei+teisss agt+�e in �vritiis8� anY application of proceEds to principat shaU not eactend or
<br /> ' �� _�, postpone the due Mte of the mont�ly puyments rafernsd to�S,paragraphs 1 and 2 or change the amount of the paymenu. If
<br /> .� under paragrapL 21 the Faopercy is acquiicd 4�y Lead�.�car>rrzi's rlght to any i�nsurance golicies aad pmceeds resultin8 from `
<br /> � ` � damage to the Propsny Prtor to the acquiedtion shaU pasa ta Lc:nder to the extent of rhe sums se�ur�by this Securlry Insrrument
<br /> immediately prlor ta the acquis3tion. __
<br /> �_'3..�� 6. Oocupancy. Pceservation, MUtimtea�rwoe and I'l rot e d lon o f t t te P r o p e r t y: B o r r o w e r's L o a n A p pldca�tloa. _
<br /> I.a,seha�ds.Borrower shalt occupy.escablish.and use W�PtvpenY as BorroW+er's principai resideace within sixty days ai�er the
<br /> °':'°4 execution mf this Se�urity Instrument aud shaU continu�to oc�r�py the Property es Borrower's principal residence for at lensa one
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<br /> .�:1':'' � year aRer the date of oocupnacy.unless�xnder oth�nwise aa�ees in wrtting,which consent shAll not be unreasonably withheld,
<br /> ;°��+ or ualess axtenuating circumstanc�s exist�+vhich aqo beyond l3orrower's control.Bomower shall not destmy,dama8e or impair
<br /> :�- the Fc+opezty,allow t�e Property to deter2orate,or oa�nait•�vaste on the Property. Borcower shall be in defAUlt if aay forfeiture
<br /> ",�,.;`� � action or:proceeding,whether civll or crjminai. is Err�uun thi�in 1.ender•s good feith judgment could result in forfeitune of the
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<br />:a�;;.+ ac othenvise materIally�mPair ih�lien creat�al by ikis Seivrlry Insuumeat or I.ender's securIry inte�est.Borrower may
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<br /> -�`�--- ' .;�su�'s dr:faut:�3 rsia..�tst�.�-s pr�vfdc�4n��h tu,by causing the acdon or Drooee�ing[o be diunissed wlth a niling
<br />�F,:;�:'�� :,that, in,L,ender's good faith determinatioit. PTec3us3es forEa+ture of the Baraawer.'s ia►tenest in tha Pco�r���ar other material
<br /> �i+� � �. im�iai�meni of the lien cneated by this Se�,vrity Inst�iv�r.nt�flr I.ender's'se�urity'interest. Borrower shuU�so be in dcY:,�sls ff _
<br /> W'4 ' ' Boarower,dudng tha loaa application�process,gavo material'�r falsc ot inaxurate information or.gjatements to Lender(oi failed
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<br /> -----—' to prnvide`I.eader wlth any matEriat 9nfartnatton)in osanoction wi3h the loan evldenoed by the Note.including,but not qimited
<br /> y.'"`:,-� ,to.representattons conceming Borrovn:r's occupancy af the�'coperty as a prlucipal residenc�.If this Ss�urity Insuument is oa a
<br /> --- ___ leasehoid, Bon+ower shall oomply with•nl! th� pmvfsior�of the lease. If Borrower acquires fee dtle to the PropeYty. the
<br /> -�� leasehold and the fee tide shall uot mergo�unless Lendar a�aes w the merger in wciting.
<br /> ::�TM`�� 7.Protec4ton of Leader's Righ3s tn;P�nm PlroperBY.IS t3orrower fails to perfoaa�the covenants and agceem�ts contained ia
<br /> "=�� this Security tnst�ument� or tnere is a ter�,al Qmceoding tbmt may s3gnificmndy affe�t Lender's rlghu in the PropertY(such es a
<br /> ._� praoxding in banl�ruptcy.probate.for caademaatiom or forEeiture or to enfora laas or�egulaYions).thcn Lender m�y do end
<br /> --- pay for wi�nuver is neoesgary w pmtecc¢t�e valuo of Wa�toperty aud �er's dghts in the Property.Lender's actiona may
<br /> iaclude PaY�B �Y sums sa��+e�1 bY' a Itea whi� hts pdorlty over this Socuriry Instrument. aPP�B in cowt, PaY�B
<br /> - --= reasonable aitorneys'fas and entoring on the Propeaty to ma,ke nePairs.AlthouBti f.ende�'maY take ac�on under fIIia paragraph
<br /> 7.Lender does not have to do so.
<br /> —'� A� amounts disburscd by Leacl�r�under this paru�Capb 7.sha11 bcoame additional debt of Bomower secured by this
<br /> .-----° Sosvriry Insnvment. Unle3s Bomo�er:ad�t+e�Ier agre�:to athar terms of payment.these smouuts sT�all bear inurest from the
<br />- - - date of disbursemsnt at the Note rate and,shn111�e paYal��;• with interest� uPun notice from Lender to�ormwer iequest[ng
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<br /> 8.Mortgage Insaranae.If L�nd�r req�izee!m�rt�a�e ia�suzuvsce as a condidon of makiug ih�loan sx�red by tbis`�Sxurity
<br /> Insttum�t,Bom�wer shall pay the prEmlwms requl�ed tn�.a�in2ain the moagage inQ.wancc in effect. ]f.;for aay m,asait,the
<br /> -- -- � ffiortgage insurance ooverage required by l..�nd�l�ases orceases to be in effect� Borrower.ahall pay thtpi�tliums reqt�ired to
<br /> — obtain coverage substantiully equlvetent tathe mortt��v insurance Freeiously in effect,at a wst sutsstandadly aquivalent to the
<br /> cost to&�rrower of the mortgage insuran►�prevlo�aslp in�effect, from an altemaze mortgage insurer approved by�:eader. If
<br />=�'� eubst�titilly m�uivaleat mort�age�isnca�covefago is nmt�v�ilable,Ba�er shs11 paY tm J,ender each month a suna�egual to _
<br /> "=�-�'� one-twel�t�of the yearly mortgage insuranaz psEmiu�b�bng pair3 QiY Borcower when the ins�uanee ooverage lapsed or meascd to
<br /> -�_^�^`� be ib effect.Iander wW aceept,use and cetain��e paymea�ts as a loss resexve in lieu of martgage insu�ce. Loss'.reserve
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