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<br /> �S.H+�iurA or Proporty Ia�uranai, B�m�ower �It keep the improvemena fib�4 e:istin�or���er+ecced o�
<br /> tM PropWty ina�nd��inat lor by Qro�h�z�n4a inciuded Mithin ehe term'Axtended ooven�n'��!�ny otMr tuurd�,
<br /> inoludin�flood�or floodin�,tor whlch I.e+�Am.rqqi�it!i+iruursnca.Thls inwr��u;e�hdl be mainaina!in the ampunu
<br /> � �nd for thr period�that Lender requira.'1'ha itu�ut�nbaa cut�ior p�vldio the imurance�lult b�chaAai by Borrowtlr
<br /> �ubj�ot ta Lender'��pprov�l Mhioh�fwll npt he untrwon�bly�wjthheld.lt�reoMer fdl�w m�inhin coveraQe dacrlbad
<br /> above,La�dee m�y.�e I�a�der'a op�ion.obt�ill arvor�o tn ppp�ct I.�nd�r'� r��ht�in tl►e Property in acoord�nae�rith
<br /> p�n�nph 7.
<br /> Ali inausnce policies and renawale�h�ll bo�auepteble tp Le»dnr.and sh�ll include a etandud rnortp�e clau�e.
<br /> I.a�der�II iu�ve tha ri�ht to hald the poli�ia��nd ronAw�ip.�tf Lendar roqutres. BorroMer�hall promptlY �vo ta�
<br /> _ l.ender dl rooei�ts otp�i �promiume and ronexal nc�tlna.In t1►a event ot Ime.Bomower ehdl give prompt nouce w tha. _
<br /> — irwxanoe c�tr�er and l.endar.l.endor mAy mRke proc�tot law it nqt m�1a promptly by Borrower.
<br /> � UnleM l.ender and Borrower otherwfae��roo in Nrit3»R,;n�urnoce prooeede eh�ll be applied to roetontion or rewic
<br /> - of tla Property dam�Qed�it the ratontion pr ropir i�000namiasfly teasible and l.ander'a�ecurity ie nat la�rned.lf the
<br /> �estoradon or np�ir is not evonomic�lly te�eible or Lender'r seou�ty koutd be lee�ened,the inaursnae proca�ods sh��1 be
<br /> applied to the sums eecw+ed by this Security Inetrument�ahathar on nat then due,with any exoeea p�id w BorruNar,lt
<br /> —__ —� Borrorer ai�ndo��a ths Property,�u dne�not ene�er wi�hin 30 d.ya a natiae irom l..ander tiut tha invurence carriac hta
<br /> - offerod to�ettle a cldm,then Lender mey aalleot tha ineurnnaa proaeede.Londer m�y uso the proceeds ta tqp�ir or,
<br />— restoro the Property or to p�y�uma seourod by thi�Seow�ity lnaq�umant„�+hathar on nat.then due.Tho 30-d�y p�rit►d wi11;�
<br /> be�in�hen the notive is rvcn. . �
<br /> -- — Unleea Lender md�rrowarotherwiae��roe in writin�,�ny�pplit'atlun of procoads to�ncipsl sh�ll nat extandor�,
<br /> poetpone the duo dqta nt�the montltly p�ymanta retm�red ta np�t�gro�ph�I and 2 or ch�n�e t e amount ot theptymt+nt�•�.
<br /> �a�° fI underp ra�aph��21 the Property is acquirod by Lendm. Hor+'owar's ri�ht to any insuance policiee and p�
<br /> r�ultin�irom dsma�o to the Proparty prior w the aaquieida�eh�ll.p�es w Lendnr to the exknt of the sum��vourad bri•�
<br /> - this S�ecurity lnstrument tmmedjetel�or to the�quieition, �-
<br />- 6.Occupancy.Proservatioa. aiotonsnceaad PtotrlJOtion of tbe Property;Bonowar'�4osn Appliostioni
<br /> ry'' Leuehold�. Botrower sh�ll accu�►y.establish,.and uae the Property ae Hurrower's prinaipal.msid�noe within sixty daya,
<br /> •fter the eiecution ot thfs Seaunty Instrument md ah�wl) cantim�e to axupy tba Amperty ss Bnrcower's princi�l.
<br /> . reaidanoo for at least ona yeer et�the dato of occupanay.unlase T.ender otharwiee A�ln:wrttin�,which cansent sh�ll� —
<br /> ,.,:,�;,:.:,.,�;, -;.. not be unraeonobly withhald�ar uniess eztonuotin�circumstanaos exiat whiah an beyond Bomower's controb 8on'owen'
<br /> " fl'� ,.n� shall not destroy,demaBe or im �r the Pro
<br /> � .��;�, , pn' perty;�Ilaa the Aroperty ta deteriorate,or commit waste on tha HropeKy.
<br /> . .,�j�_�, ,,.,.,��� Botrowee sh�il be ia dciault ii any fud�aicuno�ati4n aa p�a�eadin�,.whathar civil or criminel.ie be�un th�t in Lemder g
<br /> � -, �:�y;�;.r'��; �ood t�ith jud�ma��could rcsult in tartoicuro of the Property or otharwise mauriaily impmir the lien creatal by thie
<br /> ti� �,��r:�.. .y, oOd �
<br /> �,�� Security Instrument or L,endors�ocunity interost. Aurt�aaer may cure auch a detault and reinstate.as provided in
<br /> �Y.
<br />' �+�•���I� �'� paa� h 18. by causing the aation an prooceding t�a bB diemiesad wit6 e ruling tFut. in Lender's �aod taith
<br /> -;�;,;;,:�;;�;r,�r.�.,,.�„
<br /> .�r�j,.., ,��:; deurmin�don.procludes ior(eituro ot the Bnn+ower's iqtsec+ast in tho Property ur other meterial impairment of the lien
<br /> ��w��'� srtascd�y i.hia Secen�:ty lastrumcnt ar Lend!�r's atrur!y iar+.�r!�t,9�rmwer Rhel!also br in�efxult if i�rmwer,during _
<br /> , ,�`� ,, „ the lom appliwtion process, gave matsrtatig�E�1ee or inaccurata inforrnetion or atetemente to Lender (or failed to
<br /> .�{. .4.�...:�-� " provide L.a►drr witli aay mAteriel intanmeban;in connection with�tha lo�n evidenced by the Note,including, but not
<br /> .,..,,
<br /> .. . •.;.����r, � „;" tirnited to,representatiane conaemin� Borconare oocupsney of the Property as a principel residenca. If thia Socurity
<br /> . ' '��'���''+'':,;., • � Ir�strument is ao a leasahold,Narm�•er shn11�comply qfth all thr provisions oi tha lease.If Borrower acquires Iec title to
<br /> � .`,.��'+�;"''�- ` the Prnperty�the leasehold and tha fee titJesMall:nnt•mar�e u�l�s Lender agraea to the merger in writing.
<br /> . '��•'.'.•,;�;;':�;tr.'':•- 7.Protection ot l.eada�'s RiBbt�in�Rbe i►raperty.If Borrower fails to pertorm the covenonts and a�rreemen� -'"
<br /> ,;�';;:�• �:�.;:.;,�.:, �µ. �. vonteindd in thie 5ecurity Inatrument,on thurv ie a iegel proceeding that may si�nificantly atfect L,ender's rights in the —
<br /> • "��� • � Property (such as e proceeding in bankruptuy, probate, tor condemnation or torfeituro or to enforce laws or
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<br /> ;P; � � ,...`.. . �.r. re�ulations).then I.ender may do end pxy foa w6otevor is neres�ery to protect the valua ot the Property and I.ender's —
<br /> ;�: � •- , • rights in the Property. I.ender's actiona me�inolude paying any sums secured by a lien which hes priority over this
<br /> h � Secu�ity Instrumant,appearing in court.papin�reasonoble attorneys'tces end entering on the Property to m�ke repairs.
<br />_ • Altlwu�h Wnder mey take action under thla paragraph 7, Lender dces not have to do so.
<br /> • ' •, - �,�r,� Any�mounte difibursed by I.endor undev this paragraph 7 ehall bocome additional debt of Anrrow�r secured by this
<br />� .. ' ;; .. Security Instrumant.Unler�F3ormaer end I.endrr Agrx to other terms of payment,thesa amounts sheil bear interest _
<br /> ,, „��Rt'�'��� trom the date ot disbursement�t the Nou rau and shell be payable.with interest,upon notice irom Lender to Horrower _
<br /> '..:�l;��:;,.'_,. raquasting P�Ymcnt. -
<br /> ..:'•�r '�,;<<f;�,f;`' ' 8.Mortga�e laeurmce. It Lender required mortgage insurance as a condicion of ineking the loan secured by this �
<br /> `�`��"�•'`•" ��• Security Instrument.Borrower sholl pay the premiurns required to maintain the mongage insurance in ettect.lf,for any
<br /> „,.:`J:.::•(� • _
<br /> `'�+��'=K` 't^` .• reason,the mortgage insurance coverage required by Lender lapses ar ceases tu be in effecc. $orrower shell p�y tha _
<br /> _ ... �,,.. �.
<br /> : . � �,��.•.".��.t�t;�� . ;: prtmiums rcquired to obtain coveraQe substantially equivalent to the mortgage insurance previously in ettect,at a cost �
<br /> �°�'' ''+`�•�..•. subetantially equivalent to the cost to Borrower ot the martgege insurance previously in etfcct, from an alternete o
<br /> ���?�,l�':-��., mortgege insurer approved by Lender. If substentiaHti• rquivalent mortgage insurance coverage is not available, _
<br /> � "'"� Borrower shell pay to I.ender each month a sum eqi�al to one-tweltth ot the yearly mur�gage insurance prernium being ��
<br />�� " ' 'h ' paid by Borrower when the insurance coverage�apsed or ceaseJ to be in ettect.I.rnder w•ill accept,use and rctain these �
<br />-�••. ' ► � • , payments os e lass reserve in lieu of mortgage insurence. Loss reserve peymenta may r►o longer be required, �
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