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<br /> S. H�i�rd or Ptoperty Io�uraaoe. Honower ehdl Iceep the improvementa now e�ietin�or hece�tter ereotod on
<br /> • the Propa�ty inwrod��inst lae�by tlro�h�urdo inoluded Nithin the term 'extended covera�e"and sny other h�z�rdo�
<br /> includinQ fioode or tloodinQ,fo�whiah Lender requiras ineunnoe.Thie�tu�urance ehall be maintained in the amounte
<br /> uid ta the perlods that l.ender roquiro�.The insuranoe arrier provldin�the ineurance ehdl be ohoeen by BorroNer
<br /> subjeae w Lender's approv�l ahich stull not be unra�eonably�ithheld.It Aorrower idle to m�intain covers�e daearibed
<br /> �bave�I.�atder m�y.�t Lender'�optlon.obtain covera�e to prouot Lender'e r�Rhte in the Property in�acordance with
<br /> p�ta�aph 7.
<br /> AII ina�rar►ce poliaies uid roneNde ehdl be uxeptahle to Lender and ehall inalude a etandard mArt�a�e olauBe.
<br /> I,ender shall have tho rl t to hold the poliales and reneerale. It Lenderroq uires, Borrower ehsll promptty give to
<br /> :�'` I.ender all re�xipts ot p�Exonaiume�nd renewal rtaticae.In the event ot loee,Borrower ah�ll�ve Qrompt notice w the
<br /> .' -;° iiwcmoe c�rrier snd 1. .Lender m�y mRfce proof o[loee if not made promptly by Borrower.
<br /> , '?'�,�,� . Unleee Lender md Borrower otheralee��ree in w�itin�,inauruunce praceafs ehdt bo epplied to reswration or rcpaii�
<br /> of the Property d�m��ed,U the rostoation or cepair ie eaonomic�lly te�eible�nd Lender'8 eeaurfty ie not Irssened.I4 the
<br /> �} :�'�► �ntion or ropair iA not a�onomic�lly ta�sible or Lander's eecu�ity would be lesBened�the ineurencepracaeda ehall be
<br /> � �� , ..,.,;";;;'°';:��, applted w the sums eeaurod by this Seaurity Inetrument,whether or not then due,aith any excesA pai�3 to Borrower.It
<br /> •"- `r�; •,•� , Borroaer�banJ�na the Property,or does not answer within 30 daye a notice[rom I.ender th�t the»surance camer h�a
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<br /> � �{ � ottered to eettle s oldm,then I.ender may colleat the ineurance proceeds.Lender mey use the proceeds to repsir or ,
<br /> � '►x►��.'.<�� rcatoro the Prope�ty or to pay eums eeaured by this Seaurity Inetrument,ahether or not than due.Tho 30�day perlod will
<br /> '�'�' °'""` be�in when the not ice is�iven,
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<br /> � A,,,,,,..„,:,,,,�,,�� Unleae Lender+�nd Horrower otheraiee agroe in arit�ng,sny application oi ptoceode ta principal ehelt not ertend or
<br /> •• k:�.w ? �� poet pone the due date ot the monthly paymenta roiarrod to inpua�caphe 1 and 2 or clunge the artinount of thepsymenta.
<br /> :in. �� ' �� .' '. - ��-'..'^ If undecp�a h 21 the Pro ie a uirod b Lender, Ho ' d pro�eeds
<br /> ��:... . �p percy cq y rroaere ri�ht to any ineurance pnlicies an
<br />�� � � resultin�[ram d�m��cs w tha Property prior w tha ocqulsition eholl pose to Lender to th�extei►t ot the 8ums secured by
<br /> ' ���' thia Security Instrument immedi�tely prior to the acquieitian. �.
<br /> �• �'i;�,���'��7`��� b.Occupancy,Presarv�tion. Mi�A1CDa110E�11d PfO�EG11Q11 P�1IIE PiOQEfLy;Borrower's Lo�n A�pltcatioa;
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<br /> .r::,,.,:,�.,;t�t.),,�v.;;.;:;:�4r l,oasebolda. Borrawer ahall ocou�y,establish,and use the 1'roperty as Borrower a principal resid�ence withm aixty days
<br /> , %.�s�;'i�'�`,�'i't:-j�`;�:'.',,`��;�'�f riesldence to et Ieset one yaa�t r the dste ofeoccupancyslunlcss L.ender otherwise ag�in wntir�g,wh oh con ent hell
<br /> ,i,; . � :• `'' ;;};,.•::.;`�'i nat be unreesdn�bly withheld,or unless extenustin�circumstanceaeYiat whioh sre beyond Aorrower's cantrol.Borrower
<br /> ,,,., . , ..;',.,,;v,,:,i�,�: ahell not deatroy,damage or impair the Property�allow the Property w deteriorate,or commit waete on the Property.
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<br /> ' Aarrower ehall be in det�ult if any forteiture actian or pracading,whether civil or criminal,ia begun that in Le�tder s
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<br /> . r :��j4,�.,:�,��o�t;F', good faith judgment cauld reault in tortaiture of the I'roperty or atherwise materially impair the lien creatod by this
<br /> ,i,,�;',,�. y y.;t.;,; -�,I;.,.���; &curity It�atrument or Lendera security interest. Barrower may cure such a default and reinstate,as provided in . �
<br /> p�ap�a�h 18, by �causing the action or �in� to be diam;ssed wlth a ruling that, in Lender e gaod talth
<br /> s, � ,,,; �,�, ;�r„ dete�rainatior�,�r�ciu�es trrr�a3zar�oi tt�$�rma��r's ir•t�srs;sr.t��a�rty a:ts:.'xs mat�:a:irn�::::�:s�sha l:�:
<br /> �' ��;,�'�i;:�:,;:. ' crated b this SoCUrif Instrument or L.ender s security interest.Borrower shall a➢so be In def�u�t ii Bnrrower,durin
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<br /> � tha loen applicstion prooess, gave materially talse or inaccurate informasion or etataments w Len&r (or t�iled to
<br /> , � �• provide Lender with any materiel intormatiun)in connection with the loen evidenced by the Note,including,but not
<br /> � limited to,roprceentationa concerning Sorrower's occupancy ot tho Property es a principal roaidence.ii this Security
<br /> � . Inetrument ie on a leasehold,Borrower shell comply with all the provisions ot tho lease.It Borrower acquites fee title to
<br /> .. � " the Propeny,the lessehold and the!ee title ahall not m�rgo unless I.rnder egroes to the merQer in writin�.
<br /> � 7. Protection ot Lender's Ri�6ts ia the Property. If Aorrower tails to pertorm the coven�nts and��reamente
<br /> �. : ,� •, contained in thie Security Instrument,or thero is a IeQal praceedin�th�t mey si�niticantly at�ect Lender's ri�hu in the
<br /> Property (such ss � proceoding in bankruptcy, prob�te, �or condemmtion or farfeituro or to enforce I�wa or •
<br /> t�,, ro�ul�tiona), then Lender m�y do and pry for wh�tever is necessary to protect the v�lue ot the Propecty and Lender's
<br /> riQhta in the Property. l.ender's actions may include psying any euma secured by e lien which h�s priority over this
<br /> ?p' � Security Instrument,appearing in court,paying re�onable attorneys fas end enuriog on the Property w m�ke rop�ire. n�
<br /> , Although Lender m�y tike aotion under this paragr�ph 7,Lender does not h�ve to do so. `'''
<br /> � „ Any amounts diebursed by Lender under thia p�ragraph 7 shal)become additianal debt ot Borrower secured by this
<br /> ' . Security Instrument,Unlesa Borrower and Lender egree to other terms of payment,thtse amounts sh�ll bear interest
<br /> �J, from the date ot diabur.xment at tAe Nate rete and shall be payable,with intt,rest,upon notice trom Lender to Borrower .
<br /> ��,. r+equestin8 PoYment. �`
<br /> 8. Mort�s�e Ineunnce. lt l..ender required mortgsga insurenve as a condition o[making the loan sacured by this
<br /> .. Security Instrument,Borrower shaU pay the promiums required to maintein the mort�age insunnco in ettect.It,torany
<br /> rason. the mortgage insunnce coverege required by l.ender Ispses or ceases to be in ettect. Borrower ahall pay the �':�'
<br /> � • . ptemiums required to obtain coveraQe substantially equivslent to the mortgege insurance prcviously in etiect�at a cost
<br /> ' subst�ntially equivelent to the cost to $orrower ot the mortgage insurance previously in etfect, trom an alternate ��
<br /> + . � . . mortgage insurer approved by l.ender. If substantially equivalent mortgage insurence caverege is not available, �
<br /> ������ Borrower shall pay to Lrnder each month a sum equal to one-twelfth ot the yea:ly mortgage insurance premium being
<br /> .� peid by Borcower when the insurance cove�age lapsed or ceased to be in eftect.I.ender will accept,use and retain these
<br /> :.f; . payments es a loss reeerve in lieu ot mortgage insurence. Loss reserve payments may no lon�er be required, y
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