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<br /> S. H�Ib Of PI�Opqty IO�W'tl1�Q. HOTI+OWOr 1�1 �1110 lrtlpti0VE1Q1Ctitf O�W 07c�t1Q����Of1 t60
<br /> Property iruurod a�Jnst IaRe by tiro. Fwzatda includod within tho term 'oxteidod oover�e' �nd any oU�er h�zad�. iocludin4
<br /> Aao�dt or floodin�, for which I.,aider raryiron inwranao.Thi�inwr+atwe�i�il be maintainal in the�rnourqs�nd for the period�
<br /> thAt L�ender requir+m.Tbe inwruroe carrler prnviding thc inwranoe cluill be clwcen by Borrower wbject w Lenda's�ppnavd
<br /> which�twtl not be unnewc�rwbly withhcld. If Bortower fnils ta maintain ooverage dexcribed �bove. Lerder m�y.�t t�'�
<br /> aption.o6u�in oover�e ta pmtect l,ender's ri�ht�in the Pnoperty in a000rdwtroe wlth paraQaph 7.
<br /> All insurance policies And rcnew�is chwll he acceptpblc tn Lender u�d clwll include s�tand�rd nwrtgage clwise. l.ender
<br /> shall iwvc the riQht w hold tho policiea end rcncw�ls. If L.cnder roquines.Borrower slwlt promptly givo to l.ender aii rooap�r of
<br /> paid P�emiums and rcnewd noticea.in�he evont of losa,Borrower sh�ll�ive prompt notke w the�nwnuioe c�rior�nd Lawler.
<br /> Le�wier�rwy malce proof aF loss iP not made promptly by Borrower.
<br /> Unlcss l.ender+u�d Borrower otherwlae agroe in writing�insuranoe praceeds shell be applied to rcstonuion or nepAir of tho
<br /> Pmperty dunAged. if the restoration or c+epair is economically fcasible and Lender's savrity ie not lessened.If the restoratian ar
<br /> repair ia rat oa�m�cally fc�sible or L.ender'�security would ba lassened.the iasuramx proceeds�iwll be apQlied w�he sum�
<br /> socurcd by thla Security Insnument. whether or not then due. with any excess psiid to Bormwer. If BomovNer abaridone lito
<br /> Prope�ty.or does rrot answer within 30 daya a natice from lxnde�that the Insw�nce carrier i�offered w settle a clnim.tM�t
<br /> Lerwler mAy collect the insunncx proceads. Lender may use the praceeds to repair or rcstae the Praperty or w pay suros
<br /> secured by thia Socurity Inst�ument.whether or not then due.The 30-day period wiU begin when 1he notia is given.
<br /> Unless Lender and Bornower otherwise agree in writing� any appliauion af prooeeds W pdncipal sh�li not eata�d or
<br /> pastpone �he due duc of the monthly payments referrcd to in parag�phs ! �qd 2 or change thc anauM of the pryments. If
<br /> �': . under �a h 21 the
<br /> parag p Prope�ty is acquired by Le�der,Borrower's right to smy insurance palicics and proceoda resultiag fium
<br /> � �� damage ta the Property prior to the acquisition aball pass to Lendcr ta the extent of the sums se�vred by thi�Security Insquana�t
<br /> '" �k" immadiuely prior to the ecquisition.
<br /> ,• 6.Occupancy,P�+eservAtbn,Mptntenanoe and Pmtecdon of tlie Property;Borrower's Lopn Applicatbn;Leaaeholds.
<br /> ::,N ,, Horrawer slwll occupy.establish.and use the Propeny as Borrower's principal nesidenae within sixty doys after the e�cecution of
<br /> , this Securiry Instrument and shall wntinue to occupy Ihe Properry us Borrower's principal residence for�t least ono year after
<br /> „ tha date of oocupancy. unlcss Lender othenvise agroes in writing,which consent siwll not 6e unneasonably withheld. or uNess
<br /> eatenuating cir�cumstances eaist which are beyond Earrower's mntml. Borrower shall not destroy, damage or impair the
<br /> � y;;�:; • �; Property. allow the Property to deteriorate. or commit wastc on thc Property. Borrower shell be in default if any forFeitw+e
<br /> '�'�� �"�`�" � •d action or proceeding, whether civil or criminal, is 6egun thet in Lender's gaod fuith judgment could result in forfelture of the
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<br /> >+� • �k; Properly or othenvise matc�ially impair th�li@n created by this Security Instrument or I.ender's security internst. Borrower rru►y
<br /> �' cure such a default and rei�state.as provlded ln paragraph IS,by causing the actian or proceeding to be dismissed wlth 4 ruling
<br /> � � that. in Lender's good{aith determinatian, precludes farfeiture of the 8orcawer's intc�+est in the Property or other material
<br /> ' � '•";�`� • im airment 4f the lien created b this Secur�l Incirument or Lender's securit Intercst. Borrower shall also be in default if
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<br /> �� '_;4,. '..,,�,,: Borrower,during tl�loan application process,gave mute�ially false or inaccurate information or stutements to l.ender(or failed
<br /> ° .. �• •��_ to provide L.ender with any matcrinl info�natian)in cannection with the loun evidenced by the Note. including,but not limitad
<br /> ��'°�� ' � � � to,reprcsentations rnncerniog Bnnower's�xcupuncy af�he Propeny as s�principal residenoe. If this Serurity Insuument is on a
<br /> ���:�A�i'•� - � . •• ' r':':'%� leasehold, Borrower shsll camply �vith �U the provisions of the leuse. IP Borrower acquircs fee title to Ihe Property. the
<br /> �'t�s� �'���..".. . � ' leasehold and the Pee tide shall not merge unless Lender agrees to�he merger in writing.
<br /> t�",'' • " .. •� 7.P�r►tectioo of Lender's Rip�hts in the Property.lf Burrnwer fails to perf'orm the covenants und agreements contained in
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<br /> ��••-' �+�{�'•'`�"'�• . this Security Instrument, or�here is a IeFal prc►ceeding that mny xi�nificantly affect L.ender's rights in the Property(such as a
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<br /> praceeding in bankruptcy, probute, fo�condemnution or forfeiture or to enfi�rce laws or regulations),then l.ender muy do and
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<br /> `'!� ;.• ��:��ir�;•";,;' ,. • , pay for whntover is ncceswry �o pmtect the vulue of the Pmpeny and Lender's rights in the Propeny. Lender's ections may
<br /> " `i"l;�.''' � include paying any sums .r•ecured by a lien wFiich huti priority over this Security Instrument, appearing in court. paying
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<br /> ;�.c. '�`. : . �a - P; . reasonable uttorneys'f�und entering on the Pmpeny ta muke repuirs. Al�hcwgh L.ender may take action under this paragraph
<br /> ,`;r��, : , • 7,I.ender dc�e.c not huve to do so.
<br /> � _ _ � Any urmwnts di�bun�rl by Lender undcr thin parugraph 7 �hull Ixrnme uddi�ional deM of Borrower secured by this
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<br /> �+y,:`'�� , ' �?lr'�t Sctiuriry Instrument. Unless&mi►wcr•rnd Lender agree to�i�her�crms of payment. thek am�wnts shall bear interest f'rom the �
<br /> ° � datc of dist+ursement ut the Nrne rntc und �hull bc pLyable, with Interest, upon n�xi��: fram Lendcr ta Borrower requestiag
<br /> .�;. �`��;`t"� • • payment.
<br /> � �;b`:�',:: 8.Malga�e latiurance.If Lsiulrr rcyuired mnngage in�ur:�ncc:�.a condition nf making�he loan s��cured by this Security
<br /> '. ' Instrument, Bnrrower shull puy the premiunn reyuireJ tu maimain thr nx►ngagr imur•rnce in effect. If, fiir any reuwn, the
<br /> � . ;.:, • „ mnn�uge insur�uce cuvcragr reyuircYl by [.�nJcr lap�rti ur rea.r.a►tx� in el'f'ert, S�rrraw•cr.hull puy thc premium�rt•quirc�l to
<br /> �-��^- '�',l'�:�:=• obt�in coveruge subtil�ntially eyuivnlent to Ihe m��hgt�ge inxurance prcviou.ly in eftcr�, a� ;�rrni whslantially equivalent to the
<br /> w � ' ' cost tn Bc►rrciwer��f the ntonFvge inwranrr prr�•ioutily in cffrrt, frum an allcrnvi� mongape in,urer appr�ved by Lender. If
<br /> �• . �'r''" '� sub�tantially cquivulcnt mungagr in.uruikc ru��rragc i,nu�u�•riluhlr. B�xru��•rr.hall pay���LenJrr wrh nu+nth n .um cyuul�o "
<br /> °,:.�� r �.. ` one-twelfth of the ycarly nxmg�ti�in.urrnrc pr�mium I►cing paid hy Bnrr�n�•cr N•hrn thc in.urancc ri�vcr:�gc lap.cd��r rea.tied to
<br /> ' � , ' '!: bc in effecti. Lcncler N'III AlY'CPI,u.e a�xl rclain Iheu puymcnl+a� a In.s rc�ervc in licu of mimgok� inwrancc. l.o++ re�rve ;,�a
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