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<br /> S. H�a�rd or Property la�ur�wce. Borrawer�II keep the improv�menta noM e�Istin�,o,r'�3�ted on .
<br /> the Pt+opet�ty insurod a�,aitut low riy tiro haz�rdt included wItlJn Zhe term e�cta�ded covera�e and�ny other hazud�,
<br /> �noludin�tlaods or tloodin�, ior ahiah�.ertder requlro�ineut�noe.Thi�insunnoe s1u11 be mdnained in{he�mounb
<br /> md tor the period�that Lender requira. The i�uunnoe carrIor providln the inauanoe�i�all be clwren by BorroMar
<br /> •wbject to 1,ender'��pprovd which ehdl not be unreaotublY Nithheld.lt�rrower tail�w rndntain cover�Qe de�cribed
<br /> ��::� �bove, L.ender m�y.�e Londer�aption�obuin covera�e to proteot Lendet'�rl�ht�in the Property in�aoo�nae pith
<br /> ,�:`'�'r"' Pu�Ph7.
<br /> ` r A11 ineurance polictae�nd roneMale s1u11 be�cceptable to I.a�der+�nd�11 inolude a stand�rd mort�a�e cl�ure.
<br /> _ - :�' .;' Lander shel) have the rt$ht to hald the policiee and renewab.if l�ender roqulrao, Bon'ow�aiul��mPt1Y�1ve to
<br /> Lender�It caxipte aip�id promtums and renewd nodcuo.In the event ot Ioae,Bornoaer ah�ll ve t aodoe to the
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<br /> � �'�t-. ., in�urance purier�nd[.e nda. L e n d e r m�y m�ke proo t n t loea i f no t ma d e prom p t ly b y Horroaer.
<br /> ` t..y'+C�.7�?ipl � Unlees l.endar and Harrower otherwiee��roe in aridn�,ineurance prcxeede ehdl be applied to netoration or ropair
<br /> :,;:.,�;,,�.:f r� y, ot the Praperty d�ma�ed.it�he roetoation or rep�ir is economic�lly teLiblo u�d Lender'8 seaurity is not laeened,it the
<br /> � s.•»<�,�=+k� rcetontion or ropeir ie not oconomically fasible or Lender's securlty woulA be leeeened.the ineuanve prooeede stwll be
<br /> <?`'''��'� �� '"` �• �pplied to tha aume securod by thie Secu�ity Instrument,w hethor o�not t hen due,w i t h�ny e:ceae ps i d to B a r rower.I t
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<br /> �" " -0 Horrower�bandone the Proporty.or does not answer within 30 daye a notice trom T.ender that the insutance c�rrier h�s
<br /> `. i " • ,' '� otterod w aettle a clsim. then I.ender may collect the inauranoe procxods. l.ender may use tho pmoeede to ropir or
<br /> � � a;.� c e s t ore the Pro p ert y or to p�y aums eeaurod by thie 3ecudty Insuument,whether or not then due.Th 30-d�y period will
<br /> " . .F . � _ ., be�in when tha notice ie g�ven.
<br /> ':,:�; ;:�N, ,�.;�,:.;_ :.;... . . Unless Le�►der and Borroaer otharwiso�groe in writing�any applicetion of proceeds to principel elull not extend or
<br />� •• � post pone tha dua date ot the monthly psymrnta roferrcd to inpua�aphs 1 and 2 or ch�n�e the amount oi the pyments.
<br /> r� '� ., ..; :.�. It underp��aph 21 tho Property is uquired by Londer. Horroaer's d�ht w sny ineurance policies �nd proceede
<br /> -� •� , resulting trom damage to thcs Property prior to the acquisition ehell paes to Lender w the ertent of the eumo eecured by
<br /> � ..��. thie Security Instrument immediately�or to tho acquieition.
<br /> .;; ' R •• " '•'� 6.Occupancy�Preservstion, �intenaace�ad Protcction o[tde Property;Borrowor's Lwu Appltcation;
<br /> ; . �- " �} � � I.eauholda.Borrower shall occu�y.establieh.and uso the Property as Borrawer's principsl resldenve within e�xty days
<br /> ��;; . ,, �tter tha eYxution ot thie Secunty Iastrument and slull condnue to accupy the Property as Borrower's principil
<br /> t.. � ' rcsidence for at least one year efter tha d�te ot occupmcy,unlese Lender otherwise agroes in writ�ng�wNch consont shal)
<br /> "`'� � •h � not be unrea�onebly withheld�or unless axtenuatin�circumstanas exist whioh aro bayond Borrower's conuol.Horrower
<br /> � ehall not destroy,damaga or impair the Property,allow the Property to deteriorat�.or commit waste on the Pmperty.
<br /> " � • ` ' Horrower aheli ba in default it any forteiture action or proceeding,whether civil or criminal,is beQun that i�Lender's
<br /> �� � � good [�ith judgment could result in torfeiture ot tho Property or otherwiso materiaqy impair the lien crcatod by this
<br /> ; .. - Security Instrument or Lender's security interest. Borrower may cure such a dafault and reinstak, as provi�ded in
<br /> , p�ngraph 18. by causing the action or proceeding to be dismissed with a ruling that, in Lender's �ood taith
<br /> -- --- deter�n'snai'son,prcclud�forf�itum of the Borruwer's interest in the�++�e*cy�r ather material impairment a[the lien
<br /> �' � � created by this Securiiy lnatrument or Lender's security intere.9t. Borrowar ahell alsa be in detault if Borrower, duc�nE
<br /> .�'t' the loan application process. gave materially false or inaccur�te information or atatementa to Lender (or tailed to
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<br /> , provide Lander aith any material informatian)in connection aith the loan evidenced by tha Note,inaluding,but not
<br /> ''', . � limited to,representationa concerning Bocrower s occupancy ot tha Property as a principal residence. If thia Security
<br /> Instrument is on a leasehold, Borrower shall comply with all the provisions of the leasa.It Borrower acquires tee title to
<br /> ' ;� the Property,the leasehold end the fee titls shall not merge unless I.ender agraes to the merger in aritin�.
<br /> r% 7. Pratection ot Leoder's Rigt►1s in t6c Property. It Borrower taila to perform the covenants aad agreements
<br /> �.. . contained in this Security Instrument,or there is a legal procceding thet may sienificantly attect I,ender's rights i�the
<br /> ' �� � • Property (such es a praceeding in benkruptcy, probate, for condemnetion or for[eiture or to enforce Isae or
<br /> .�;,� regulations),thnn L,cnder may do and pay for whatever is necessary to protect the value of the Property and Lender's
<br /> PY rights in tha Property. I.rnder's actions may include peying any sums secured by a lien which hes priority over this
<br /> �-�,t � I Security Instrumenc,appearing in court,paying reasonable attorneys'fees and entering on the Property to meke repairs.
<br /> Althaugh Lender may take ection under this paregraph 7,Lender dces not have to do so. .
<br /> ,:�'•� Any amounts disbursed by Lender under this paragrnph 7 shall become additional debt of$orcower secutnd by thie ��;.-
<br /> �'y�. Security Instrument. llnlcss Borrower and Lxnder agree to other terms of payment,these amounts shall bear interest
<br /> � � trc�m the date of disbursement at the Note rate and shall be payable,with interest,upon notice trom l.ender to Borrower
<br /> : requesting payment. '
<br /> ��•� � 8. Martgaee Insurance.If Lender required mortgage insurance es a condition o4 making the loan secured by this k
<br /> �r. , • Security lnstrument,Borru�vrr shall pay the premiums required to maintain the mortgage insurance in effect.If,for any E;
<br /> � reason, the mortgage insurance coverage requirec! by I.ender lapses or ceases to be in ettect, Borrower shall p�y the � •
<br /> . premiums required to�btain coverage substantially equivalent to the mortgage insurance previously in ettxt,at a cost ;
<br /> � substantially equivalent to the cost to }iarruwer ot the mortgage insuranc� previously in etfect, (rom an alternate {
<br /> ; mortgage insurer appro�•eJ by I.ender. It substantiall�• equi�•alent mortgage insurance coverage is not available, ,
<br /> . " � Borcower shall pay to I.rndcr each mcmth a sum eyual tu une�ttivClfth ut the yearly mortguge insurance premium being ,
<br /> paid by Borcower when the itisurancr co�•rragr IapseJ or cesisseJ to br in effect.Lender:��ill accept, use and retain these
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<br /> payments as a los� rrservr in lieu uf mortgc�ge insurancr. L.oss reserve payments may no lon�er be required,
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