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<br /> S. IWor+d ar Pr+upe�ty laarrnoe. 8orrower �hall Iceep the improvana�u eow exl�dn� or t�onedlar a+aoted oo tlre .
<br /> Properry imured�inst laa by firo, hw�ds included within the tenn'extended wver�o' �nd any a�i�cr tNr,�nds� 9aol�in�
<br /> flood�or floodin�. Por which Lender ncquire� inwraxc. This incuranoe�hell be irwintained in 1he amounts�nd tor thm perloda
<br /> th�t l.a�dcr requin�. The insur�nac c�ie�provkfin�Ihe inwran�e shall be ch�►sen by Borrower wbjoct to L.ender'�approva!
<br /> which�II not be unmasanabiy withhcid. If Borrower foils to maiot�in coveragc describad �buve. Letxle�may. at I.etde+''�
<br /> `' oQtion,oblain rnvemge ta protect L,ender'r riahu in the Property in ucrnidwnoo wilh para�raph 7.
<br /> All insuroncc policics and rc�nowals shall be ucreptubic to Lcnder and Rhsll include e stendard mnrig�ge clauae. I.ender
<br /> '�, ahall hwve the riQht to hnld�hc poliries md rcnowuls.lf I..cndo�roquires,Borrower siwll pramptly give to l.e.n�k�nll roaipti of
<br /> paid pmmiums uid rcncwal notias.in�he event of loxc�Barmwer slwll�ivo prompt r�otice to tho in�uraix�e curbr and Lendar•
<br /> ,,,, I.cnder rr�y mukc pmc►f af lass if not nwde prompUy by Bortower.
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<br /> Unlesa I.ender and Harrowcr othenvise agree in w�lting. insurance procoode shei�be applied to reatoration or repair of the
<br /> � �4���; '�� Property dcmwgad.if tho n�toradun or rcpair is xonomically feaeible and Lender's security is not lessened.if the rr.storation or
<br /> ' a• '��'�'��•-' rcpair is not aonomically feasible or I.ender's sxurity would be lessanod.Ihe insurnnce procads shall be applied ta the suma
<br /> , f, secured by this Secu�iry Insln�ment, whether or not then due, with any eRCess paid to Borrower. If Borrower abandons�he
<br /> .��':�;.;,,.,�;,,,,.;:.:.:�`.� ` Property.or das not answer within 30 daya a notico from l.ender that the insurnncc carricr haR offeted to settle a do1m.tl�ea
<br /> ' :;��r•�'"•..+�;:- I.ender may rnllect the inau�ance prooeeds. L.ender may uce the proceeda lo repuir or restorc the Properry or w p,y swnr
<br /> �' � nxuood Dy thia Secu�ity Instn�ment,whether or nat tben due.Thc 30-day pedod will begin when the noticc is givea.
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<br /> , ,.,�•. �:._:•,,..,.•,q � Unless Lemkr and Borrower otherwise agree in wri�ing. nny application of proeoeds w princip�al sh�ll not extend o�
<br /> y"' r ; r����•. postpone the due date of the monthly paYments referted to in pstrAgrupl� I and 2 or ch�nge the amount of the p�yments. If
<br /> . �`. 1 � �"`'.� `��=:='�r.':''`''�� under ra 21 the n i� ui�d b l.ender. Borrower's�ri ht w rn imunuxY liciey su� rocceds resultin from
<br /> � ` ._ . : Pa�6 Ph � Y +�! Y B Y� W P 8 ,
<br /> � damago to the Propeny prior to the acquisition slwU pass to l.erder to the eatent of the surt�cecure�by thie Security In�ument ,
<br /> ' in�nediately prior ta the acquisilion. '�"�
<br /> � ��,.: ' . 6.Oocup�ncy,P�ervAlion� 1Naintenauce and Protection of tbe Prnperly;Borrnwer's I.onn Appllcation;I.e�.ceholds.
<br /> ,. ,>r�:;:.� • � .'; Borcawer shall occupy,estublish,and use the P�apeny as&�rrower's principal residence within sixty deys after the axecution of
<br /> � .' this Securlty Instrument and shall continue to occupy the Property as Borrower's principul residence for at least one year after
<br /> � " ' " " the Jate oF occupa�uy, unless l.ender otherwise agrees in writing. which coasent shall not be unreasonably withheld, or unless
<br /> . extenuating circumstances exist which are beyond Barrower's cantrol. Horcower shull twt desrroy. damage o� impalr the
<br /> , ��' ' •, �" ` Propeny, alldw the Property to dete�iorate, or mmmit waste on the Prope�ty. Borrower shall be in default if eny forFeiture
<br /> " � � , . action or proceeding, whether civil ar cdminal,is begun that in Lender's gaod failh judgment could result in forfeiture of the
<br /> PropeAy or otherwise matcrially impair 1he lien created by this Securlty Instrument or l.ender's security intcrest.Borrower may
<br /> - cur�snch a default and reinstate,nr,prorid�i in paragreph 18. by causiag ii�e aciion or pracccd{ng to be dfsrnissed u�ith a rts!lst�
<br /> � '�:=:;�°..:��;" thA�, in Lemier's goal fuith determination, precludes forf'eiwre of the Borrower's i�tci�st in thc Property or other materlal ;
<br /> s ' , , . impnirment of'the lien creAted by �his Security Instrument or Lender's security in¢e�est. Barrower shall also be in default if ' '
<br /> ' • ' BoROwer,during the Icuin applicution pmcess,gove materially fulse ar inaccurate information or statements to L.ender(ar failed
<br /> . " , • to pravide Lende�with uny materiAl infurnwtianl in connection with the fuan evidenced by the Note.including,but not limited
<br /> • , to,represematio�s ronceming Barrower's aruprncy of the Property a�u�rincipal residence. If this Security Ins�wment is on a �;T
<br /> ?`�• ,. lenschald. Bormwer shall comply with all the pmvisic�nr of thc leuse. If BoROwe� suyuires Fee title to the Praperty, the
<br /> � .. • leasehold und�he fee title shall nc►t mzrgc unles,l.e:ndcr�gr��cs ti�thc merger in wriling.
<br /> � , 7.Proteclion oP l.ender's Ri�hts in the Property. If Borrower fuils to perf'arm the covenan�s and agreements contained in •
<br /> ��,. • , this Securiry Instrument, ur�here i.a Icgul pr�xceding that muy �igni�.antl�� aff�tit l.endcr's rights in �he Property (such as a „=
<br /> proceating in bankruptcy, probate, tiir conJemnatii�n or ti,rFeiture or tu enforce luws or regulations>, tfien Lender muy do and ;
<br /> '�r, puy fnr whatever is neces�rv tr pnnec� the valuc uf�hc Propeny und Lender's riL4�iti in�he Propeny. I.ender's actions may . !�
<br /> • . ineluc�e paying uny sumx �ecum�l hy u lien whirh hati priori�y over Ihis Securit�- Instrument, appearing in court, paying %"
<br /> � �eu.+onaMr anorneys' lec+lind entering on the Pmp�:ny to mukc repuir...Although Lrndcr muy take action under this paragraph '`���'
<br /> ;I . 7,Lander dnes n�t fia�•e t��da so.
<br /> � Any Am��um.� disbur,ed h} Lcnder un�ler thi� puragruph 7 tihail hecnnn aJditional Jcht ol' &►rn�wcr x�urcd by this �
<br /> � Securi�}� Instrument. Unlc�y Borr��wcr nnd LenJ�r �grcr t��othrr Icrm.al'puym�nl. �hc.c amuunt. �hull bcar interest from the "
<br /> dute nf dixbursemem ut the N�ne rate und shall he payuhic, uith intenxt, upc►n nntice t'mm LenJer to Borrower requesting
<br /> • ., payment.
<br /> '' '" 8.MortRage Insurunce. 11'LcnJrr requi reJ nwngage intiurrnc�a.a r�xidi�ian ul'makinE thr I��an securrd by thiti Sccurity
<br /> In��rument. &maa•cr .hall puy thc prrmium� required lu �naintain 11�e marl�agc in.urancr in cffccl. If. firr any reuam. the :
<br /> m�irtgngc intiuranrr riwerage rcyuircJ h�• Lendcr lap,c,�►r rca,« �a t+�in rl'I'ccl. B��rruwrr�hall pay�hc premium�reyuircd to .':,�
<br /> � . ., oMuin cavcru�c.uh.tantiuUy cyuivalrrn a��hr nxmgugc in,ura�xc rrc�•iuutily in eflcrt.at a ru.t �uh�tuntiully cyui��alent to thc ,(%'�:
<br /> cu�t to &►rrou•cr of thc mortga�c in.uranrc prcviuu.ly in rfP�.t. from un ahrrnatr nwrlgagc in,urer uppm�•ed hy Lender. If ':��!'.
<br /> ' � xubx�antiully cyui�:den� m�►nEaEc in+uruncr c�,�•cragc i.nut a�ailahlc. H�maa�rr,h:dl pa�• t��l.cndrr carh nwnth a.wn cyual t�� .
<br /> i` � 1 � i�ne-ta�elfth ut'Uic}carly munguEr in�uranrc�remium txing�aiJ hy B.,,r�,�ecr whrn Ihr inwrancr ca�•rra�r lap+urf ur rea.�J a�, �;.7
<br /> � ,� � Ix in eflixt. LcnJer will arce p�,u.canJ rctain the.r pa�•mem.a> a 1�,•, rexrvr in liru i�l' mutig•r gc imurunce. l.i,.ti rcun� �;;;,;
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