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<br /> B. Hwrd oe PropMy Imunece. Borrowcr shall keep tAe:improvementa now existtny or herufter erccted an{ho
<br /> '� ' Propcny iqsurcd egalnst loss ty 11rc,hazerds Induded wi�hin tho torm 'cxtcnded wvcrogo'a�sQ any oth2r hnzard�, Includin8 —_
<br /> , ftoodv ntllooding,Poty:hich Lcndce rCqWres insurancc.Thie insumnco shall M malntnlncd in tho mm�nnu nnd far tlw F;t3ode
<br /> thn�Lendar requires. Tho Insuranco carrler providlnp the Insomnse shail bo chosen by ibrrow•er subJec�to l.enAeY�6 4pQf0YLl
<br /> which shull not bo unrcasonably wl�hheid. If Iiorrowcr taUe to maintain wvcrago dcscribed above, Lender may, et icaxler'e
<br /> apflon,obtain covemgo le protect Lendar's righle In the Prapetly In occordanw with parngmph Z -
<br /> - All insuranca pnlicla anA rcnewata shnll bo acapiablc�o LenAet end ahall inciudc e s�wiJard mongaFco clause. Lcnder
<br /> shnll havo tha right to hold tho policlee nnd renewal�. If Le�cr rcquim�,Oorrower shull promptiy give to Luidcr ell rcccipte of
<br /> � � -� ` ' pald prcmiume end renewal nolloca.in!La event of loss,6orrower shnli givo proropt nopa to iLo insuronce carrlcr and I.ender.
<br /> l.ender nwy mako proaf of loss it nos m;da prompdy by Bortowee r
<br /> Unles�Lender and Bortoxer otherwise ngrcc In writins,insurenrn procads sM1nll bc epplieA to rcaiorztion or repair of t3�c =
<br /> Propetly damt�cd,IP Ilie rurora�lon or rcpulr Is economicxlly fcasibic und Lcndcr's sccud�y is not Icss.:ned.If tha resrotnllon or =
<br /> - repalr i�no[economlcally fensible or Lender's secudry wouid bo lesse�rcd.�he Insurance praceds shall bo npplicd to tho sums -
<br /> secured by this Secudty Insttumenl, whe�her or not Ihcn due, wlih any excess paid to Dortower. If Dortower ebandoru the R=--
<br /> - �- �- -- Property,or dow not enswer within 30 daye e notice from Under�Iwt tho insurence ca�ricr hus offercd�o settle a clalm,then --
<br /> Lsndcr may collal tho insuranco procecds. Lender may use iha prococds ro repafr or rcstore ihc Property or ro pay surtu
<br /> sxurcd by thls Saudty InsWment,whzther or no�:hcn due.Tho 30-0ay pedod will be�in when the notiw B given.
<br /> Unless LeMer nnd Borrower oiherwise agrco In writlng, eny eppltcation of procecds to principal shall not extend or
<br /> postponc the du:da�o of tlio monthly paynxnts refcrtcd to In paragmphs t end 2 or change thc emount of the pnyments. If
<br /> under paregrnpM1 21 iho Property Ie ecqulred by I.ender.Qorrox•er'e dght ro nny insumntt policiea end proceeds resulting trom �_,
<br /> ______, demage ro ihe Property pdor to�he ecqulsition shall pus to Lender to the extent of tho sunu securcd by this Secarity Jnsuumem _ ___ _._
<br /> Immediatc�y pdor ro tho ocquisition.
<br /> 6.Occupxnty,Preservation,�LlntenAnce and Protectlon of the Propeny�OorroKer's Loan Applicetionq Ixastholdv.
<br /> Cortower shail oocupy,establish,and u.0 the Propeny es 6onower'a principal msidence within sixty deys eRer�he execmion of .
<br /> this Secudty imtNment end sliall rnntinue to occupy�ho Propeny es Borrower's principal raidence for al least one year etter
<br /> _- �he dn�e of occupancy,unless l.ender oiherwiu egrees in writing, whicli macem shall not bo unrcawnahly withheld,or uniess
<br /> --'"- excenuating clnvms�ances exist whlch ere beyond [iortawer's wnuol. Qorlower shnll not deslroy, damave or ImpaG the _
<br /> • Property, ello�v thc Property �o deterioreto, or commit �vastc ou thc Propeny. [iorrowcr shnll bc in default I!any fodeimre °`.�---
<br /> _;.=ws ucUon or proceoding, whether efvil or criminai, is begun that in LeMer s gocd Poi�h judgment wuld rcsult in Porki[ure of�ha °'--
<br /> ----° Propeny or o�h:�wise m�terially impair the lien creaied by ihis Security Inswment or Lender's smirity incerest.6onower may i;'_--:
<br /> '� curo such a detault end reinsmte,es provided in par�g�eph I6,by caiuing�he actlon or proxeding�o bo dismiswd with e iuling ``-
<br /> --e=� tha6 in Lenders gacd (eith dciermination, prccludes fodeimrc of�hc Rorrower's inrerest In the Propeey or other maieriai
<br /> � -- _- impaimxnt of th:Iien cra�ted by �his Security Inctrument or Lender's security interes�. Ifortower slmll elso bo in defeul�il -�- � �-- `
<br /> -_��''� Itorrower,dudng iho loan npplicaticn process,gave materially f¢Ise or inaccure�e Infarmadon or stetcmenls fo Lender(or faited
<br />_.',;;;r�y�; � to provide Lender with any matedal informa�ion)in rnnna�ion wi�h�he loan evidenced by�he Note,including,but not Iimiied
<br />��;�.";.�. :; lo,reprtsenlntlons wnceming Borto�ver's occupanry of the Propcny es e prfncipal residence. It�his Securily Insuument Is on e _
<br /> ��;:.-,i.,�' Iensehold, tiorrower shall rnmply �vith nll �he provisfons of the Icase. If Uorroorr oryuirex fce tfqe io th; Pro�rty, Ihe °_-�-
<br />- �i;-y�. Ieasehold and thc ko Utle shail not mcrge unless Isnder agrccs to t6c mergcr in writing. �_-�—"
<br />�-_°`_:;�;l�` 7.Protectlon oP Lender's Rlghts In the PropeAyJf Dorrower fails to perform the mvemms ond egrcemems comafned in ��?'_��
<br /> - ,�:;�;�� ihis&curity Inswmen4 or there is a Iegal prweeding tha� may significnmly affect Lender's rights In the Property(such es o ��---�
<br />.. �:�i=,:--- procecding in bankruptcy,probate, for condemnaiion or forfcitum or w enforcc laws or rcgulaqons), tlun Lender mny do and 'y w%;r+..,��
<br /> '-�i pay for whatever is naessary io prota� U�c vatue of the Propcny and Lender's righ�s in�he Propeny. Lendci s ecUons n�ay t -. �::�°��`�
<br /> °�� '��- Includc paying eny sums sccumd by a Ilen which hns priority ovcr this Saurity Instrumcnl, appcaring In mutt, paying � ��`.:_
<br /> ,�1<�ri! rpsonable ettomeys' (ees end enicring on�hz Pmpeny�o meke repairs.Although Lender may mke ec�ion under dds paregmph . ,,=--
<br /> '�},p 7.Lender docs ca have to do so. 5 �h
<br /> ' T.�. Any emoum� disbuncd by Lender wider �his paregraph 7 shall beconm addidonal deb� of Oortower saurcd by �his S -;; t+ '.
<br /> r'^t:��d[�� Secud�y Instrument. Unicss i3orruwer and Lcudcr agrcc to other tcrms o(paymcm,�hcsc anwums shall bcar imeres� (rom thc ',j;;;SC::?+?�.t:-�-
<br /> r � -r".y Ae[e of disbursenxni al �he No�e ram nnd nhall be pnyable, wi�h imeres�, upon �w�ice from Lender w I3orrower rcquesling (I(��(M�,��fr���"j�i„
<br /> . s�.i;� paymen�. US�'v�''. ��'-
<br /> .�t7��j�a 8.�tartgage Insurenca If Lender requircd mongage insumnce ac a�vnJi�ion of making�he loan secuad by�his Security 5��1 t a'_--
<br /> - ��:"� Insuvmen4 Dorrower shall pay �he premiun�a mquircd tn maintain �he mongage insurance in effect. If, (or any reazon, �he ',,! 2 ` `-.
<br /> .�rte�-"i� � . i�&-.,_;�.�t
<br /> �:;j�,,,,;,�,-.; mortgage insurenw coverage requind by Lender lapses nr er.�ses lo M in effecl. Oorrouer+hall pay�he prcminmc required to �>;i���-•�--
<br /> F�.�� ob�ain covcregc subetamialiy cquivalcnt to ihc munga�e inwranrc previously in effea. :n a aist substamially cyuivalent ro the ..
<br /> !u,.d'•�j��J mst to 6orroo•cr of Il�c mongagc insurance previuusly in e(fcc6 Gom an al�cmatc mntlgage inmrer upprovcd by Lcndcr. If � '�°��`^����
<br /> � �-� substantially equivalmt mottgagc insunncc cnvcragc is nni availaMc. 6orroi��cr thall p:ry m l.cndcr cach mnmh a sum cqual to � .:� ' -
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<br />.- ;.,,;,p ono-nvelllh o(the ycariy mongagc insurance prcmium Ming paid h��Dorrowcr mhcn ihc imuranre covcragc IapsM or ccaxd to -. '?� ;.� •
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<br /> ,� ' be in e(fecl. LenJer will a[cep1,use nnJ relain Ihex paynkms�s a loss rexrre in licu of mnrtgage insurance. Loss rcserve ,-;_�, ��'
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