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<br /> *. 3.H�r,�sd or Ftoperty Ia:araaa.Borro�rer q�1! keep the improvements ad16 e�C'acin�'��ecocted oir
<br /> the Ptoperty irts�n+ad apinst laes by Cra,luzarda inctuded Mithin the,term 'erte�ded covera�"and any oiher t�aw�ds.
<br /> . includin�tloods or floodin��foc which i�ender ra�tureg insurance.Thia itisu�ance sl�all be maintained in the amounts
<br /> and for the periods th�t I.ender requirea The i�uranoe arrier ptavidin�thc insurancx stnil 6e chasert hy BarroNet •
<br /> =- - _ subjeCt�oo Lender's spproval pluch sfuil�ot bc unrei9onably rrithheld.Ii Borro�rer tiils m mainuin cdversge deacribed
<br /> = —__ - - - abovR Lender may,at Let�der's option,obtain coveraYe m protect Lender's ri�Ats in thc Property in accordanae x�th
<br /> - P�r+YaPt►7• '. - - � . . —
<br /> ' -` - Ali iasuranoe policies and �wala sha11 be a�aptabie�oo l.ender�ad slull�includa a standard mort�t�e claume. � . _._.
<br /> � - ----- . I.endes stnit t�ave the ri�ht ta hotd the patities md cenexsJs.U Lender sequit+es, Borraxer sMlt protnPtlY�ivc w —=--
<br /> ��� �__� I.end'et dl reoei ts of d �"�-
<br /> .T-�- P Pu P►+emiva�s u�d reae�ral swlucs�.Ia tbe event ot loes.BarraMer ahall�ve P�mpt notive.to the --_--
<br /> _ � - .,- `i�nanae c�mer and Ikndec.Lendec rosy msl�e prooiof ioed if nQt msde p�+omp�Iy�iy BorraMer. � �`-
<br /> , , ��,;�:� _� Unless Le�der snd Borroker otherivise s�ras in�rritin�,insunnve proceeds sha11 be ipptied to testontion or repair "�_..�--
<br /> . � �' of the Phoperty dan�agad,if the re�stontiort oc rapair is a�nomic�lty faeiWe u�d I..ender'a secerity is not 1eAeened.Ii the �==-n�';.�=
<br /> . :.�-�:� res�antion or rep�ir is not a�onamicilly feisible or Lender's secunty kould be trseened,the insuranoe procerds shsii be �`
<br /> _ � �%� � applied m the sums secut�d by this Se�writy Instrument,MhettKr or not then due.xith u►y eicess paed to 8omower.Ii y�'`�."
<br /> _ , ";��' � Borroxer a6�ndonq the Property.or does not answer Withia 30 days s notioe from I.eader t�t the iagur�nce carrier has ;�=�:�;�-:-,T:
<br /> � : ` _: - ; �� oNercd to s�ttle a claim.then Lender may collact the insurana procxda.Lender may�e ths pmceals to rep�ir or � °
<br /> �y �= nstore th�Property or to pay sums secuced by this Security Instrumea�.Rhethec or not then due.The 30'dsy period�rilE ` '
<br /> �. , =�s- =��''
<br /> ����- =•.;�`-_ ; � beg'�n xhen t�e notice is g�veu. ,, , ��-`--;
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<br />��- ' Unless Lender and Borro�er otherwise s . ' "`� :
<br /> - ptoe en�ritiifP.sny application of proceeds to ptincipal sltall not estend at
<br /> , ��,;..,i.: ':',;. ;_: ,'.: P�Pone tlie due datt of the monthly PaYments t+efernd to in Pus�caPhs 1 aad 2 or change the amount of the payments. � ��
<br /> - �-_"=� - '� If under p�ragaph 2# the Property is acquired by I.tnder,BorroNer's rigQt ta any insnr�nce policies and praceeds - ;:=
<br /> ' - �"�' ' . _ ,� � nsulting trom damsg�to the Property pnor to tl�e acquisition shsll pass to Leadec tn the eatent ot the sums secured by � . '`,`
<br /> - . this Securitq h�am�ment imme�liavclq��!or ta th��sitiaa . ; - -:
<br /> � � 6.Occupancy.Preservatio0.M��stenana�ad Protection af the ProperEy;Borraser's Losa Apptication; `s
<br /> - �?� , ' �,. . . I.easeholds.Honower shall accu p Y,estabtis h,and u9e the Pro p e r c y as Borrnwer's p r inci p a l nsidence within si x t y ds ys ; �
<br /> � � - �. °: � : after the eiecuciosr of ttus Security Instrument u�d sha11 continue to accupy the Property as Bornower's principal � , �'�'�
<br /> � � . residence�or st leasc one year after the date oi occupancy.unless Lendet otherwise agra.s in ariting,which consent shaii
<br /> ., ;__,_,_.,. . , not be unreasonabiy withheld.or unless estenuatin�circumstanas esist which are beyond Bornawer's control.Bor�ower ° '
<br /> _ - -- - :--- - :--, -- �shall not destrny.damage or impeir the Property,altow the Property to deteriorau,or commit waste on the Property. i�-- = ��- -�
<br /> , . � . _ Borrower shsll be in defauit if say forfeiture actioa or proceeding,whether civil or cri�ninat,is begun that in Lender's � ,.
<br /> �. . . good taith judgRnent couli�ee�ric jn�ae�eiture of the Property or otherarise makrially.impair the lien creuted by this � �.
<br />. ,.,, . . Security Insteugs�ent dr L.eact�s�i�.interes� Borrower msy cure such a default and reinstate,as provided in E .: ' �
<br /> - - para�aaph 18s:•br r�ing''t�.act�s:�r:proceeding ta be dismissed,with a rnling that, in Lender's go�d faith �- �-
<br /> � , dotam�ai�tiion;pi+ecCi.n3e's fqr��u,-re ef#li:Borrower's interest in the Property or othet material impairmetrt of the lie� �
<br /> ' , =creatod by this Sec'Urit,y I�ent or Lender's security interest Borrower shal�also be in default ii Bomo�rer,during � .4 ., . •
<br /> ` . the loan application process. gave materiaily fslse or inaccurate intormatioa cr-:ssatements to Lender (�r fa�'ted w t .-� '
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<br />: :. < ' � - .,:..:;�:'';, '- Lender with any material inf .` i�on)in connecti ' toa �i�eaced by e Note,iaclt�iag.but not r:. . '
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<br /> pravide 6r►aa. on with the a e '� th
<br /> '-: ,. ., �.f :. . lim ted ta.i'ept�entations concernimg,I3�sLtivwer s occupancy of rhe LFraperty as s princi r�sidence.If this Securi • � _,_
<br />; �--�-��`� `---�-----•---�-::?:�:�tl,' Instrumentis on`a leasehold,Borrower�comply with all the - - P� t3 � -- �--�-�
<br /> .. .._;, .,..; pra�s-�r±s.s ot t�ce Iease.If Bor¢�wer acquites fee title to � .
<br /> . �'ii`�r thePrioperty,the leasehald andthe fx titie ahall not merge unle�Lesia..°�ragree.s tc��'merger in writing. j ,
<br /> � . , �';��:; .� " 7.Protectioa o[Lende�s Ri�bts in the Property.If Borrower faits tc�g�Form the covenants and agreements 3
<br /> ; __, - contained in this Security Irr,sorument,or there is a legal proceeding that may significantly affect Lender s rights in the ., .
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<br /> � : ,.,�, Property (such as a procesding in bankruptcy, probate. for caredemnation or forfeiture or to enforce laws or
<br /> . • �:;;�� regulations),thea Lender may do and pay for whatever is necessarq t�protect the value of the Property and Lender's . ��
<br /> :��' S . rights in the Prnperty.Lender's actions may include paying any s�.m.�secured by a lien which has priority over this ,
<br /> �; ,_ Security Instrument,appearia�g in court,paying reasonable attorneys'feesand�t�.sring on the Property to make repairs. � `
<br /> Ahhough I.ender may take actinn under this paragraph 7.Lender dces cot ha�e to ao so. _ .
<br /> ' -- ----- � � � A»y amounts disbursai by Lender under this pasag.:��sh 7 shatl t�ecome additional debt of Borrower secured by this � � � .
<br /> �'-- . .:�:�' � Security Instrument.Unless Horrower and Lender agree�othee�n;�ms oP paymrnt.th�se asreounts sha11 bear interest .
<br />;, � �, . ;;�, frorn th�date qt disbursement at the Note rate and shali be p�ya61�cdi�Ti interest.upon nou��cnm Lender to Borrowes � �.
<br /> ..c . :.;.��: .. requestinS PsYmen� `.. � :, „ � .. ,
<br /> • ' ' : 8.Mortsa=c lnsutsnoo.lf Lender rc�uired mortgage insurance as a conditi��sr:'ef msking ihe loan secured by this
<br /> ' . � - Security Instrument,Borrower shaU pay the premiums required to maintain the.eri�r��age insurance in eifert.If.for any :- --- -
<br />�- ,- • reason.the inQttgege insurance coverage reqaired by Lender lapses or ceases to•ce in effect. Borrower shall pay the ._.
<br />��:. .�. .� �s' �. . �. � , pcemiums reqttired to obtain coverage snbstantially equivalent to tIte enortgage insurance previousiy in effect,at a cosC � .
<br /> „ substantiatly qquivalent to the case to Bmrrower of the mortgage insurance previously in effect. fmm an alternate � � �
<br /> ' . :';�' �". • �`��� " mortgage insurer approved by Lender. lf substartti3ily equivalent mortgage insurance wverage is not avaitable. � . ' �'
<br /> t�� "'���� ' Borrower shall pay to Lendeseach month a sum equaE r,n one-twelfth of the earl mort '
<br /> ,;�.w•-: . , y y gage insurance prernium being
<br />- � : paid by Borrower when the insurance oovecage la�or ceased to be in effect.Lender will accept,use and retain these
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<br /> = - � • psyments as.a ioss reserve in lieu of nm*tgaga �nsurance. Ldss reserve papments map na longev be required. '
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