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<br /> , 3: B�p.a�s.rlrpeet� I.�.�.oe. Eonowsr ahwtt lmep t6e impcovemmts no�+adst�or heratta a�eclea oe ak .
<br /> ' ` pmpe�ty inweed�aiast toss.by.fue,'but��nctadea within fire.te�m'acteaded ooven�'atd tny at6er A�,iodudi� .
<br /> Baodic� � ' 'l�s iusuranoe aha116e_mtintatned in thF�ounts aed�'ot.t5e paiodt---- . -
<br /> _ --- --- ltmd�t�,_far_�?hich I�ark[.�i�r.iawranoe,_-. � -
<br /> tir�t La�des ta�ui�es.The i�oae,carrie�providitig the inw�arae siWl be chosen_by Bor�owa subjed tu�s ippoaval •
<br /> _ - � . ��lnll nat 6e un�asa�6ly�vitl�hetd. If Soa�u�r f�ils to m�intatn oovcrxge described above, l.eader may.at i�eodar's
<br /> - option,o6bin corengf to pcotxt l�dec'�rig6ts ia tLe Pmperty in aocordance with par�griph 7. ,`
<br /> --,�; : !Ui in�uaaoe patici4s�r�wats sf�st!be a�tc to i.eader atYl st�iodudc a staadaN mottgage ei�ase. �der
<br /> . � s6a116sve the sigk to MW t6e policies aod c�wats.I€is,od�er iequiues.Bomav�ru sl�ll Pm��ptly 8ive to�ander aii rcoeipts of'
<br /> pad pRmiun�s and�m�e�val aadoes.Ia tbe event of 1oxs,Horco�ircc sha11 gire ptoa�pt siatia to t5e inwr�noe canier fod i:sader.
<br /> Leader mry maice proo�of bss if uot a�de Pro�Y�Y Bormwer. . . �
<br /> Uniess Lajder�md Borrower ad�envise sgt�ee in writing.iasuranQe prooeods shaU 6e applied w c+estondon or�epair of t6e.
<br /> �Y�B�if th�;�estarntiwt o�c�r is aao�an'tatlly fesu'ble and taider's security is mt kssened.If the t�estoration or .
<br /> _ �pir is not oconomi�adiy fasi[�te or Ienider's sectuiry wuuld 6e kswened.tire in�unace pmcsxdc st�116e appliad w du sumc _
<br /> _ � ae�vred fiy tbis Se�vriry Iastniment, whett�er or�wt then due. with any exass paid to Bocrower. If Borrower ai�r�dons tba
<br /> _ _ _ Fm�pe�ty,or does na aosvrar rvithin 30 aays a notia fmm I,eadec that the iasur�nce canicx!�offcnd to settle a cl,tin►,tl�n
<br /> leader mry oolkct t6e msa�aooe p�u000ds. I.ender may usc che procoods to rep�r or�rscone tbe Property or w pay s�s
<br /> --- - secund by.t6is Sccuriry Inutumatt,whether or aot then due.The 30{Tay period will begia whtn the ratice is givea. '
<br />�� � tTakss l�ender aad Bomuwer otberwise 3gee in writing, any applicatian of proceods to principat shall not catend or
<br />-_,.,� _ postpone td�dt�e c1�te of the moathly pxyments refer�ed w in�hs 1 aad 2 or clwngc thc smo�mt of the paynknt.4. If
<br /> .�t �wder paragr�ph 21 the Pmperty is aoquinal by L�ender,Bonuwa's right to aay iawrance policies snd�rnceai.�rauitiag fmm -
<br /> _- damage w tbe Property prior w tbe adpisitioa sbalt pass to Lender to t6e e�ent of tbe sams secuted by ttsis Secunty Ia�nuneac . � -
<br /> __ � immodiateiy prior to tbe snquisitio}�. . ' ' � _
<br /> -_�`; f.Ooea�cy.Ptesdva�8a�,M�d�eoe a�Ptotea4ian ot tLe PropQiyt Bormwa's I.a�a Apptia�tios;I.eacdipld�. __
<br /> '��;<' Bormwer sdall ooeupy.actablisd,and use the Propecty a5 Barmwer's principal resideace wittun sixry days after the exa;ution of =-°_--
<br />;°.� - this Socority Instiument wd sdaU co�htue tQ oca�py the Pi+uperty as Bormwer's principal�+esideace for at least one yeu alter `'y�•-�-�
<br /> �,�.,_
<br /> := the daEe nf oa,vpancq.aNess l.endcr athe�wise agnees iir writiag:vvhich oonsent sha}f not be�amrasonabty withhetd.os�mtess • ��`-�=
<br /> , - exteaaating cir+auncGaoces exist whicb ac�e beyo� Borrower's control. Borrower shall not destroy, damage or impair the . �=�"�
<br /> ; � Pmpetty,a1WRi die P�apertY W ddtriorete.ar oamomit waste oa the Prvperty.Bomuwer sball be in dvf�ult if atry forfeitaze ��r��_
<br /> actioa or prooeeding,wbetlier civtl ar criminat,is i�egun that in Lender's good faith judgment coutd�sIt in forfeiwre of the ��;�'.
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<br /> Pruperty or otherwise m�teriaity tmpqir the lien created by this Security Insazunent or L.ende�'s security interes�Borrua�er may ���„=��
<br /> ' � aut such A def�lt aed nmstate,as pmvided in paragraph 18,by ca�siag d�e action or pmaae�ng to 6e dismissed with a tuliag
<br /> dmt, in l�ender's good faith deurmination,�precludes forfeit�m af the Bomuwer's intemst in t6e Pnnperty or atber'materi�l �.
<br /> impairmeat of the lien ccr�ted by th'rs Security I�stnut�ent or I.ender's secnrity interest.Horrawa st�tD�iso be in defrwtt if ---
<br /> � : Borrower,d�ring the loan�pptication process,gave m�r�alty fatse or inaccutate informatioa or statement�to L,ender(or failed � -
<br /> • to pmvide Leoder aith arty tnaterial i�'om�adon)in wnnoctlon�eiih the loan cvidenced hy the Note,incindiag,but naa limitcd �'�,�., -
<br /> to,nep�sentations conceming Borrower's occupacK.y of the Prope►ty as a principal residenoe.If this Security Instrumea�is on a —� �'::;;r�-
<br /> lwsehold, Borrower shait compiy with aU the provisions of the lease. If Borrower acquires fee title to the Propercy, tbe �.'�'�;;
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<br /> . . leaselatd and the fa tide shail nat merge unless Lender agrces to the merger in arriting. .��*.°'��,-';_
<br /> • �:: 7.Prnteetbn of I.eoder's Rl�ts in the Property.If Borrower faits to perform the covenants and agreemenu containod ia �
<br /> this Sxuriry Instmment,or there is a legal proceeding that may signific�urtty affect Leader's rights in the Property(such aa a �� `'''�`�--
<br /> � pmcteding im bankruptcy,probate.for condemnat'son os forfciture or to enforce laws or regaiations),then Lender may do and ' ..;.'=�T':`��•'
<br /> . •. .t!��.'..:
<br /> . _ pay for whatever is nocessary to pmtect the valae of the Property and Lender's rights in the Propeny. Lender's actioas may • F _
<br /> . includ� paying any sums socured by a lien whicb has priority aver this Security Instrament. appearing in court. paying ' -_
<br /> ' �'� � reasoaabie attorneys'fees and entering on the Property to malce repairs. Althe:►gh Lertder may take actiou�tader ttiis paragraph � . : �_
<br /> ` 7.Lender das nat have to do so. � � _
<br /> � Atry amouats disbuised by i.endcr nnder this paragraph 7 shall hecame adelitional debt af Borrower secuad by thls ' •�
<br /> , Sa�urity Instmment. Unless Borrowes and l.cnder agree to other temis of payment,these amounts shall bear Interest from the _,;,, �;. -°_
<br /> ' . date of disbursetneat at the Note rate aad shall bC Qayable,with intcrest, upon notice from lxnder ta Borrower requesting , ...
<br /> � PaYment• ' _ �.:
<br />, • S.Morts,sge Is�anea If I.ender required mortgage insurance as a condition of making the loan securod by this Security '� ;.;;i�'"�,
<br /> In�trumcet, $arrowcr shall pap the�remiums required to maintain the�nortgage insurance in effect. IP. for any reason. the ':° '`;�_'
<br /> moctg�ge insura�xc wverage requAr�hy Lcnder lapscs or ccases to be in cffect.Borrowcr shall pay the prcmiums m.qaired to • . . -
<br /> obtain coverage subsiantially equivalent to the mortgage insuranco previously in effect,at a wst snbstantialJy equivalent to the . ' •�
<br /> , f cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insurer appr�ved by Lender: lf •
<br /> . � substantially equivaltn�mortgage insurance cove�a,,re is not available.Horrower shall pay to t.ender cxh month a sum equal to '
<br /> , one-twelfth of the yearty mortgage insurance premium bcing paid by Borrower when the inwrance coverage lapsed or ceased to �
<br /> � <i''?" -. � be In effect.Lendcr wlil arcept,use and retain these payments as a toss rescrve in lieu of mortgagc insurancc. Loss reserve
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