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<br /> . 3.H�aerd or Properiy�Inwurance. Borrower sba111ce�ep tbe improve:riente nsw e�istla�or heraitci ere�tad oa
<br /> • ' tha Pro�serty inourcx!egainst laes by iire,hezarda included wlthia the term"extondad cov8rago and any otliar�uz�rda, -
<br /> iaelu�ling floods or tlood�ng,tor whIah Lender roqulres inausanco.T�B�t1SUf811Cf!6b8I1�10 tt�8�Af8IA�;SI tt1981t1Q1t91t3 ��_-_-
<br /> _ �„_, attcf for�ho perloda that Lentiar.ttiqulr�. Tho insurance ceadar providinY the ia�ur�nco shttl bo choenn by liorroaer
<br /> - --- - subjeot to Lender'a approvel whiah shell Aot be unreaeoawbly wltht►old.lf Horrower ftits w�r►dauin cav�ge do�crlbed
<br /> above,L.endor mey�at I.endeu'8 optlon,obtain covernge w protect Lander'e ri�hhta In the Fmporty in a�cot+dtnee v�r�tt►
<br /> _ pars�ph 7. �
<br /> _ _ All insuraace poltoIee nnd renowel8�f►ell be ae�xpxable to Lender and ehitl �taalude a etendud mort��e olauae.
<br /> - - ----- - L.ender shell have the�1gGt tu hald the po3tciea and re:nowala S Leader rc-s�uirFa, $arrortes e2�a11 promptlY give to �_-
<br /> r. I.e�det all receipts at paid pt�mmlums and naew�l aoticee.Ia the event oi laee, HorroNer ehall�Fve prampt aottr,a to the
<br /> _. tasurance cerrier and Londer.Londer mey mtico proof oi 1�ti aot made�romptly by Borrower.
<br /> Unlcea Leader sad Bcm�nR ar otharwlse agrae in adting,iueurance proceeda ehall be appltod w restoration orrap�ir
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<br /> of tho Property dameged�if the r�toratton or repeir is ecoaomically feasible aad I.euder's eeaurttq ie not leeseaed.U the
<br /> � c+estorntion or capair is aat ee�apmiaally fe,aslbleor Lender'8 sxudty wauld be+leasened,tho insuraace proce.eds e1►a11 bo
<br /> � .+�, appited to the aunse seaurod by thie Securlty Ineteument.whethef or aot thcn due� with any excxse psid ta Horrowes'.It �_.
<br /> Horrowar abnadQms+tha Pmp�rty.ar das not es�awar ait�ia 30 days a notica fram d.eader that the insuraace carrter h�s
<br /> � oifercd to settle a claim. tha�I.endar may co]leat the insuranca proceeda I.endar may use the Proc�ede to repeir or
<br /> � a ,�,�:�r`r��� restore the Pmperty or w pay auma securod by thts Security Iastrumaat,whett¢er or aot then due.The 3�dqy period wiU
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<br /> . ,r::`�,�5�!;F�• beginwhen ihe noQice ie givon,
<br /> ' :";�';<��`''''. Unlese I.endor aad Horrow,�r otherwiso ngrea ia writin&.�Y BPPlicnttoa oi�to priacipal ehmlt aot extaad or
<br /> postpoae tha dua,date of tht mont�iy puymeats nfened to iapnragraphs 1 ead or change the amonnt flf the paymaata
<br /> < �:,,_,�:. :� Ii vader paragraph 2l tha Property ia acquired by Leader. Borrower's rlght w any ineuranae polieies aad proc�eds
<br /> ,�S',�:Y;;���::-r�:°,. resuldag from d�magm to th�1'roperty prior to tha acquisittqn shall psea to Leadar to tha e�ent o4 the sums escurecl bY _-
<br /> ..: ,�,.'�',,;,Y.", th[s Seautity Ias�rumeat imiusrliately or w the aoqu6sitioa. -:
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<br /> <.�,� . • 6.Oceupaacy,PreservaEloa� dntenanco amd�:otectioa of the Propertq;Borrower s Losn Applicstion; _____.
<br /> �i:�;:',,,1.:: :.�;,:,;.� I.easeholde.Borrower shsli'aoaupy.establieh.and usa�tria Pmperty as Borrower's principal resfdence within sixty daYe ����.�
<br /> '�"'=.`�: `�' `•.. attar the egecutdon of thie Seoudty Instrument an8 etaall c�mtinua to occupy the Property ea Bortowar's pri�aaipal -
<br /> ; . residenee tor at least one your eiter the datm oY occupancq.unless Inmdor otherwtse agc�ee,v ia Nsldng�whtah conseat ehall �-�..-
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<br /> .,�. •-•.. . not be uareasonably withheld�ar unless eateauatiag olrcumsteaces extst which are lseyoad aara�ower's control.Borrowet =
<br /> '? :'.�:. . . shell aot destroq.damego on impalr the Property�alIoiv the Property to deteriorate,or comrnlit waste on tho Proparty. =_-
<br /> � Borrower sholl be In dei�ul�iP any tortelture action or proceeding,whether civil or criminal,�ie bagua that ia L.eader's E,,�--
<br /> �.� good taith judganent could e+asult in farfeititt�e oi the Preperty or otherwisa matsrtelly impair the liea Greatad by tf�ie =-_
<br /> � Security Inatrur�nent or Lender's securtty interest. Borrower may cure such a default and relustate, as gmvided ia "-
<br /> � paragraph 18, by causing t8e aation or rocoeding to ba dlsmie�ed with a ruling t�at, IA I.�tl(�81''a 800d fetu► �-�
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<br /> � determinaHon,precludas farf.�iture ot ttie rroaer's�atareat ia tiia Proparty or otiier maiorial iria�e��$nt ai ttta ti�s
<br /> " ' creatcd by this Seaurity I�strument or Leadar's sacwity interest.Borrower shall also ba ia default it Aorrower,durIag �
<br /> � °y� tho loan npplteatton pmass,gave materielly fatsa or inacc�uate iaiormatioa or statemente w Lender (or failed w
<br /> provide Loadec a�th any mc�tsrial infornnatioa)In conaeatioa wit}►tha loaa evidenced by the Nota�including� but aot �'�•
<br /> � � ° � limited to,representations aoaaerniag Borrower's occupancq of tha Property es a prtnoipal rtsidence. If thte SecudtY �r;:�
<br /> ``. " �� Iuswa�ent ts oa a Ieaeeh�ld.;Borrower shall comply with elI tha provisions of tha lease.If Borrower acquites tw title to •
<br />� � the Property�tha leasehold�nd the fee title ehall not margo unlesa Lander agrees to tha merger in writing. �
<br /> ' '1'" 7. Protecdioa ot Lendar's Rlshts in the Property. If Horrower ft+ils to perform the wvaAaats sud egroemente ..
<br /> ' " wntatne.d ia this Seaurity Inatrumeat,or thero ie a legal proceeding that may signiticantly eficct I,ender's rIghts in the �
<br /> � Property (suah as a pm�aading ia bankruptcy, Probate. for condemnattoa or farfeitura or to oAforce lawe or
<br /> � • e�eguladone).thon Lendor may do and pay for ahataver is aece�ary ta proteot the value of the Property ead I.ender's
<br /> � rights in the Property,Lencler's actioes ntay includa paying aay sume secured by a lien which has priority over this
<br /> �_. � Security Instrur�nent�app�arring in courc,paying reasoaable attorneys'fees aad eatering oa the Property to meke repatre. �
<br /> �--� Although L,endsr may ttilca action under tt►ie paragraph 7.L�nder doe.s aot have to do so. �'�
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<br /> .� �• .- . Aay amoumts diabusae�by I.ender under thts paragreph?ahall become additioaal debt of Horrower eacured by this
<br /> . Seaurity lnetru�rne�t.Unlcras Borrower and Lender agree,to other terms of payment,these amauats shall bear interest
<br /> ;.'.• from the date of disbw�sament at tha Note rate and shall ba payable,with intereat,upon notice irom Leader to Borrower
<br /> �• ' reQuatin8 PaYmeat.
<br /> '� ,: - 8. Mostga�e Ittournnrx.I4 Leadar required mortgsge inevrance as a condition of making tha loan secvred by thie
<br /> " �., Security Instrument�Bomower eheli pay the premiums requited to maiataia the mortgage iasuranca in�4teat.If.for aay
<br /> '�� � �� reasoa, tha mortgago insruance wverega required bq L.ender lapsea or ceasea to ba ia effect,$orroaer shell pay tha
<br /> . �.��'� premiurns required to obtein coveraga subetantially equivalent to the mortgage insurance previouslq in eifeat,at a cost
<br /> substaadalIy equivalent to the cost W Born�wer of the mortgage ineurance previously in effect, ftom aa alternata
<br /> ' .,.�'` mortgage insurcr approved by Lender. It substsadally equivalent mortgage insuranca coverage is not available,
<br /> � ;� ... Borrower shall pay w Lendar esch moath a sum equal to one-twelfth of the yet�rly mortgaga insurance pccmium being
<br /> : �:, paid by Boprower when tha inaureace caverage lapsed or ceased to b�in eifect.Lender wiil accept,use aad retaiA these
<br /> _ ���,�'•• payments es a loas r�erve in lieu oi mortge�e �nsurance. Loss reaerve payments may no longer be required,
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