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<br /> t `���. � !.Haxard or ProDerty Iueurance. Horcoaer ehatl�eop the improvemente now a�isrin�or horeattar oreoted on
<br /> '���� •� tho Propmty ineured egeinst losv by tiro,heranfs inatuAed withln the term'enended covorege end any othee MurQs, � �, _. _
<br /> �1 a•1 Inoiuding tloode or floading,tor whloh Lendor requlres Ineuronoa.Thla insur�noe ehall be maintnlned in the amounta
<br /> L '� end tor the poriods thet Lender requiree.The insuronoe carAor prov�ding tha ineuranoo ehell be ohoson by Borrowor �' ' �"-
<br /> y d,,,j.;� eub)cot w Lender'e epproval ahtoh ehell not be unreasonebly nithheld.it l i orrower fe lie to ma lnu ln covorago deac d b o d �� ���y,`�,;
<br /> � 1�r�1� ebovo,Londer may,et Londer'e optlon,obuin oovoroge ro proteot Lender'e dghte in tAo Propeny In a000rdnnoe wlth
<br /> r� n ., Pategreph 7. � '�`s�tiG.-..
<br /> �ct ;+�� All(neuronoe polictes end renewale ehell bo eocoptabte to Lender and ehall inolude e etendard mortgago clausa.
<br /> � „i� Lender ehall have the rigAt m hold the polloles and renewala It Londerrcq uirea, Dorcowm ehnll promptly glvo to �'z,S��` ;
<br /> ,j z Lender etl reoeipte of pnid promiume nnd ronewei no�iae.In the eve�it ot lose,Bonowor ehall givo prompt notice m tho _.
<br /> ,p ,� lnvunnce caerier md Lender.Lander may meke proot oI loss it not meda promptly by Borrowor. �fl qK
<br /> ' � Unless i.ender and Aorrower otherwise egree In wdting,insuranoe prooade ehall bo applied W reawration orrepeir ', `� :
<br /> L 3 f;' ot the Property damaged,if the restoration or rapair te oconomically feaeiMe and Lender's sxurity te not la�oned if the �i;'-
<br /> ,.,3,�1'� reatoration or ropair le not eoonomically kasible or Lendefs sxudty woutd be leasened,the Insurance prooaeds eLeil6e �,� ���",
<br /> `�t applied to tha sums sxurcd by thie Security Inatrument,whether or not then due,with any excesa pald W Borrower.It k�t!,�.i --
<br /> Borcowa abanAm+s the Ptoperty,or does ewt anawa within 30 days e notice trom Lender thnt tha 3neuranca cercler hae � si .
<br /> --. ',+t�� oftered to cettle a claim,thsn Lendw may collect tM inswance procecde. Lrnder mey use the proceeds to repa ir or ; „t.::�:.
<br /> ._:;;r;�e� testore the Property or to pay suma sacured by thia Sceurity Irettummt,whether or not then due.Tha 30'dey perfod will `�'-}c. ::��_
<br /> ��. , begin when thenotice le grvea t c � `�i;
<br /> 4�, Untesa Lender end IIorrower othuwisa agrce in wdHng,eny application ot procaeda to principel ehell not ertend or (�, ,F}rt„.
<br /> r 'y;;s post pone the due date ot tha monthlypeyments rcterced to in peragrephe 1 and 2 or chenga tha amount ot the psymenta. +q r.,�,
<br /> . It underparograph 11 the Property ie eaquired by Lander,Borrower'e righ[to any Inaorance policiea and prooeede 4, +,,;�; .
<br /> r `r� rcaulNng trom demage w ehe Properry pAor to tho ecqufaition shall pasv w Lender to tha ortmt ot the euma secuted Uy y i ;?=
<br /> �'"Y ir thfa9audrylnntrumentimmaltately priortothenoquieiNon. � y =�
<br /> '�� r � 6.Ocoup�noy,P�eserv�tion,Miiatenance and Proteodoa ot lhe Property;Oorrower'e Lom Appltutton; ' r r�,_ :
<br /> Lase6olds. 8orrower ehall occuPy,eatebliah,end use tho Prapony es Dorrower'e principal realdonoe whhln el=ty daye s ?r, -
<br /> .'.'-��;i dtot the e:aoutlon of thla Seaurlty lnatrument snd ehell oontinue ta 000upy tho Proporry es Dorrowet'e prinolpd ;°�-:""= ''
<br /> ,�.,
<br /> %"� ;: rsaldonco tor et Icaet ono year etter cho daro of ocou enoy,unlere I.ender othoralsn� roes In wdtlnp,whloh oonsent shdl "'''^"``
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<br /> ' '". '`� not bo unreasonobly withhotd,or untese extenuadng oircumetenoea oxht xhloh uo beyond iforrowor's control.Borrower t;,:..•.;:�`:
<br /> ���'��'": ehell not destroy,dame�n or Impair tho Proporty,nllox tho Properry to doterionte,or wmmit wuto on tha PropertZ� C';t?�::�.,
<br />-_:'f : . ., .. r..R�:L.
<br /> : •� Dorrower ehall bo In de(eult 11 eny tortelturo eotion or pr000eding,xhmhor alvil or crfminnl,le begun that In Lender e i�,�,.«, ;,
<br /> ' � ��� good(dth Judymont couid reeule In torfelturo of tho Proporty or othorwiee matorinlly Impeir tho 8en croeuA by thie � , ,,:;,:-
<br /> r, � �. Seoudty Inettument or Lender'e sccudry Intereat. Borcowor may curo auoh � defeult and rcinstete, es provided in �6��'�'4<`
<br /> � ;�.' "., peragnph IB, by wuelng the eotton or proaoeding to be dfemiescd with e ruling thet, in Lender'e good feith '4�,k',,;ybti_;
<br /> determinetlon,preoludw tortdture of the Horcower'e interrat tn the Properry or othor metedel imQeirmont ot the Ifen y rJ,,,?�Y:; ;
<br /> � �� creaud by this&curfty Inatrument or Lender'e sceur(ty inurcst Horrower stull eleo be in uaieuia�i TwnoNer,during y;q�_�
<br /> --_�� :.�� the loan appliudon proam, gave meurielly telse or ineceurate intormation or etatemente to Lender (or Giled to ��r��'. -,_
<br /> _ , ,._; provide Lender wtth any material intormntion)fn conneot(on with the loan evidenced by the Note,including,but not +,
<br /> = t ry yd
<br /> ., limited to,ropresentatione concem(ng Bottower's occupancy ot tho Proporty as e principal residenca. It thie 3ecurity � „
<br /> _,_5;:�,( Instrument ie on s leasehold,Botrower ehall comply nith ell the provieione ot the lease.It Dorrower acquirea tee title to }A�::{j`''".
<br /> •�. the Propotty,the leasehold end the tee titleahell not merge unlesa Lendet a$rae to tho merger in nriting. ?�;_,
<br /> 7.Protcetlon o!Lender'e Rights in the Proporty. It Dorrower ta�le to pertorm the wcenanta and egreemenu _ ,�._�_,�•;�
<br /> �� conteined in thia Security Tnstmmmt,or thae is a legal procading that may eignifiuntly eifect Lendx's dghts in tho + ;r;�
<br /> ;ti€S-,; Properry (such ea e proceeding in bankruptry, prol�nte, for condemnation or tortdturo or to enlorco �awe or >- -U°��--
<br /> _.;t ,•: regutetiona),then I.ender mey do and pey tor nhetever is necessary io protect the value ot the Propeny and Lender a � ��; .
<br /> ,, � /3F righta in tha Property.Lender e actiona may inelude paying eny sums secured by e lien�vhieh hee priority over this ,,,; '-..,:
<br /> Security Inetrument,eppearin�in wurt,paying reasonable ettorneye tees and entering on the Proporty to mske repeire. �� �,; ;s�'-
<br /> + -'� Although Lender mey take achon under thia paragraph 7,Lender das not have to do so. � - -�;�� -.
<br />�'--���' y; Any amounts diebursed by Lender onder thie paragroph 9 shall become edditional dabt of BorcoNer securod by thie �t•--n�:'•:
<br /> ::.'(��t;� �i;;!,n.,:�.�.
<br /> Saurity Inatrumant.Unleaa Borrower and Lender agree to othar terme at qyment,these amounte shalt bear inroreat i;-_ -
<br /> i., -- irom the date ot diebursemant�t the Note rate end ahell be peyeble,with intereat,upon notice from Lender to Horrower , '�
<br /> _4� .; roquesting peymcnt. �4 v�;;y-.�:
<br /> , ��, 8.Mottgago Ioeurance.lt Lender required mortgage inaurenee aa e condition ot making the loen recured by thia � _
<br /> -- Security Inetrument,Borrower ehall pay the promiuma required to maintain the mortgage insunnco in ettect.It,for eny - --�=•
<br /> �_ r��� reason,tho mortgago insurence covenge required by Lender lepsea or eeasca to be in ettect,Dorrower shell pey tho , `�tiS�;:':-.
<br /> �%,� promiume required to obtein coverage su6stantielly equivatent to the mortgage insunnce provio�ly in eHect,at a coat � .: -'
<br /> � , - subatantially oquiva�ent to thc coat to Borconer ot the mortgege inaurana prcviously in ettat, from an elumata i-, �' ��
<br /> ' - �" mortgage inauror approved by Lender. 11 subgtantially equivelrnt mortgege maurance coverego ie not available, : �,•;��.�;;�;-�_
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<br />�,.;.,_,�„(�� HorcoKCr ahall psy to Lender each month a eum equal to one-tweltth of tho yearl y mortgege inauranw prcmium being
<br />''''c:-..`..�^�}� peid by Borcowu when tho inauranee coverege lepsal or ceased to bo in ettect.Lender will accept,ase end retain these
<br /> ���'�i• paymente as a losa rescrve in lieu ot mortgage insurence. Losv raerve paymente may no longer be rcquired. �' �'
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