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<br /> � S. Ha�ed or P�operty Iawrnnce. Bortower shrll kap �he improvcment� now eaisting or hereaRer erccted on tho
<br /> Prapeny insured a�ainst lass by fire, hazards inrludod within the tcrm "extcnded covarage" ond any uthcr hazarda. lncluding
<br /> flaoda ur tlaodin�, for which l.ender requires incurance.This insurance ahall be maimvined in�he amaunts and far the peric�ds
<br /> Ihat Lender rrqufres.The insurance raRler pmviding the Insurunre shull t�e chu.+en by �rrawer wubjcct to I..ender'x apnra��a!
<br /> which ehall not be unre.ur�nubly wUhheld. If BaR��wcr fails to muinluin coverngc Jexc�fbud ulwvc, l.endcr mAy, ut L�nd¢r's
<br /> �. option,obtofn coverage ta pmtect l.ender's rights in 1he Pmpetty in urcordunec with purugrnph 7.
<br /> �• � All insurance palicies und renewAlx shall t+e accepwble to l.eruier und sholl include a s�anduni mohgage cluuse. l,endar
<br /> ';.,¢ � � shull have the right to hald the policies und renewAls. It't.cndcr requires. Borrower shall pmmptly givr io L.emlcr ull nti�ip.r uf
<br /> : paid premiums and renewal nrxices. In the event of loss.Borruwer shall giv�prumpt notice tc►the inw�m;e currier w�d L.endr3r,
<br /> I..ender may muke proaf of lass if not made pmmptly by Barrawer.
<br /> ` Unless l.ender and Barrawer otherwise agree in w�iling,insurunce pra;eeds shull be upplieil ta reswrntion or rep�lc of the
<br /> Property damuged, if Ihe rrstomtion or repair is ecanamic�lly feuxible and I.ender's securiry is nat lessened. If'thc resturatic+n.or
<br /> �•".::'; ���� �s_ repair is nw economicully feasible or I..ender's security would be lessened,�he insurunce proceeds shnll be applied tu th�surn.r
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<br /> � r�s�,.:. . r,ecured by this Security Insttutnent, whether or not then due, with ony excess puid to Borrower. If Horrower nband�anv tb�e
<br /> t ' Praperly,or dcxs not answer wlthin 30 days a notice fram I.ender that the inr,uronce cs+rrier hns offered to setde a cl+urt�,th�tn
<br /> `�"� Lender may collect the insumnce praceeds. l.ender muy use the praceeds to repnir or restore thr Property ur to pay sa�
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<br /> "`"�`�'��'��'�.,���� secured b this Securit Instrumeot,whether or not then due. The 30-du riod will be in when the nwice fa �ven.
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<br /> ,,�,. „.�,,;,�, Unless Lender and Borrower otherwise agree in wdting, any applica�iun of proceeds to principAl shnll not eatend or
<br /> �''�'� 'r .+S`.":':;""•"""`:" postpone the due date oF the manthly paymems refeRed to in pAragrnpha 1 and 2 ar change the simount of tha psrymantv. It
<br /> _ . .��,;-1,� unde�paragraph 21 the Property is ucquired by L.ender. Borcawer's right to uny intiuranee policies wid praceed»resulting frc}m
<br /> � `r. �� �,;:_�-_:.� :: ,�:� domose to the Property prior to the acquis:tion shall pass to Lender to the eztent of the�ums secured by this Securi�y Inxtrum�snt
<br /> }�°r_..�� :- •:.• :,��� immediately prior to the acquiaition.
<br /> �� • �� 6.Occupancy. Preservation.Ms�inle�wnce and Protection ot the Property;Borrnwer's l.oan ApplieuUon;Leavehol&t.
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<br /> • � BaROwer shall occupy, �tablish.und use the Property us Borrower's principnl rcwidence within sixc�dvye nftar tho cxewt-uon af
<br /> ?�� � :" „ this Security Instniment and shall continue to accupy the Propeny n�s Borrawer's principal �esid�ace f.�r at 1¢ast ona year nfter
<br /> . ..,.;• the dute af occupancy, unless L.ender otherwise agrees in wriiing. which cament shalt not bc unre�.voaat�fy wicl�held, or unl�ss
<br /> •� ., „ ,„ extenuuting circumslances exist which ure bcyond Bc�rmwcr's cnntrol. Borrowrr shalt n�t destroy. d:u�.age nr impair the .
<br /> , • �� , , Prapeny. allaw the Property ta dcter�orate, nr commit wa5te on tho Pruperty. Burn►wcr shull�Ix:an default if any forfeiture
<br /> ^ • aclian or racredin ,whether civil or criminal, is be un Ihut in l.cndar'w ond faith 'ud munl c�wi�!result in forfeiture af the t.
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<br /> � � . "' Pmperty or othenvise materielly impair�he licn creuted by this 5ecurity MMrumcnt oe l.enda�v security interest. &►rrowcr may
<br /> '° cu�such u default und reinstate.ns provided in p•rmgruph IS,by cuuaing thu aati�m or proceeding to be dismisted with u ruling
<br /> , that, in I.e�xler's gaod•fuith deterniinutian, precludes fnrfeiturc of thn &irruwer'ti int�trest in the Property or other material
<br /> � , . ,, intpairment of the lien cre+�ted by this Sccuriry Inslrumem cx lw;nd�rr's securi�y int�srer;t. B�irrower shall ulw be in def�ult if
<br /> • .. ' Barrower,during the loan application pr�xexs,guve mutcriully fulsc:or inaccurrtc inforniulion or stutements to l.ender(a failcd {:
<br /> �''''�,'�., to pmvide I.ender with any nuterivl inforn�:►tion)in rurnxxtion with tltu 1��;►n evidenceJ by the Note.including, but not I imited ''
<br /> lo,representati�ons conceming&irrower's cxcupancy of the Pmpeny��a principal residenre. If'thi,Securit�-Imtrumcm i s an �
<br /> <<� " ' leasehold, Borrawer shall comply with ull Uic pmvision� .►f thc lausc. If &�rrowcr u�quires fi�c �ille to �hN Pmperty, �he
<br /> ���1.` � � , leasehold and the Pee�itle shall�x�t mergc unlesx l.endcr agh«p�tDc merger in writing.
<br /> `;`:` . ' � 7.Protectlon oi Lender's RiRhtc in the PropeM�•.If&►rn►�vcr fuils to perforni the covenuntti aixi ngrc�:nknt�containcd in •�����
<br /> �' � - •+•• � �his Security Inx�rumen�,or thcre is u Icgal pnxcrJing thul nwy .ignilirunUy ufl'ect l.cnder'�riFhtx in�hc Prnpeny lwcb a+ a
<br /> !i� � . � � pr�xceding in bankruptcy, probate, ti�r rondrmnatiun or li�rtcilun:ur to enfi�rcc luw+or rcbuluti��m), then L.cnJcr muy do arxt �
<br /> , , ' puy fiir whatever is neccsurry to pr�riecl thc vuluc�if the Pr.iprrty a�xl l..endcr's right.r in the Properly. l.endcr'x uctKmti m:iy ♦ ��'
<br /> ��� • .. includc p•ryinF uny .um. ti�tiurrJ hy a licn ��-hich ht�. priuriry avcr thi� Scrurit�� Im�ronxnt, a��ring in coun, paying
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<br /> �. . •. �� reaumable auorncyti'(�•c�u�xl entering�m the Prn�x:rty a�n�ukc rupuin. AUhough l.ender muy take uction u�xlcr�hix prragroph j`:
<br /> '" 7.I.ender di�c. rx��huvc�o Ju,a.
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<br /> Any unx�unt+ di.huneJ hy I.enJcr unJrr tl�f, run�gr,�pl� 7 .hall lxromr uJJitional JrM of Borrowcr �ewred by th is
<br /> - .• Security Inxaunknt. Unlc.� &�rruwcr unJ I.cndrr agre�u��itl�cr tcrni.uf pa�•mrnt, the.c amount. .hall lkar interest fr��m the
<br /> •' date of disbursement•rt �hc Notc r•rtc �nd ,hull tx: puyuhle, with inlerrst, u��n n��ticc irom LenJer to &�rrowcr reyuc�ing
<br /> paymenl.
<br /> ` 8.Moi'IRsl�e It4w�rnnee.If L.endcr rcyuir�rl nningugc i�twr�ncc a,a cnnJiti�►n�if maling Ihr(oan�rcur�Kl hy Ihis Scru�iq� ����
<br /> '' Instrument. Bc�rrower tihall pay thr premium. rcyuin.til tn muintain �he monE:�ge in.uraikr in rffert. If. tiir any rc�W►n.the
<br /> ,:�.' „ mnngage insuranrr c�rvrra�r rryuir.�l hy Lrndcr lap.r. urrrak. w he in cll'�r�. Rurr����rr.hall r:n thc premiunt.r reyuircJ eo �".;
<br /> �•: � „ •� ;,':.�;,' obtuin rnvcragc wbaWntiall� �yui�alcnl lu thr mi�rtgugc in►urancc prc�•iou�l� in eflcrl..0 a ri�+t .ub.tamiaU� ryui�alrm t„thc
<br /> •� '�;'�?'', , raat to &�rrnwcr of'Ihe m��nga�c in.urnnrr pre�•i�iu�ly in ct'Icrt. 1'rum an altrrna�r mur��a�e inwrer upprin�J h} Lcikler. U �.
<br /> �,i� � ��'•.:,�,•����;;,;�;: +ub�lantially cquiv�lcnt mnr�gagr in�urunre cu�•rra�r i. n�x u�ailaMe. li��rruwcr.hall pa� d► Lrnd�r carh mnnth a wtn eyuul t�� '
<br /> �•. , � ; � onc-�wrll'th of the ycurh m�m�a�!r in.urmi�•r premium hrinE naiJ h�• Rurnnerr��hrn the in,uran.�ro�•.rage lap�cd ur uaxd eo �.
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