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<br /> _ _- S. 8siza��us Htapert9 In�ran� �o�shatt k�p the�impmvem�nts no�=r exLytI�ar b�re�.�ter.erest$d on she —.---
<br /> � F�OS+ErtY iasured against ioss 6y fiie.haT�s inctadod wit�in tt�tetm de�ende�coveia�e"End any othffi t�rds,inclutting =
<br /> - ` floo�s or Qausling,4or wl�cti I.er.der r�qaires iasuianc�.Ttus ins�ce shall tre•+M�•�a;.�in t➢ie amouffis acd fa:th�periods =—.
<br /> --_:�"' that 4.ender r�quir�s.The im-�ua�¢ce caaier pmviding the insuraace shall be chosea hy Earro�ves snbje�Eo Lender's appmvai �� .
<br />_= �whic�shall aos tre un�oaabSy rrithhel�. If�orc�rQr�ails to maiat�vn�overage described a�ave.�I�nder may,�t Y.eadet's ,
<br /> -:�' < optian,obtain wuerage to�tsutest Leadec's rights in the Property in aacvi�anc�with paragrnpb 7. . ir--=- _, �
<br />'-'°;� ` pl}inc',��n�r p��cies and zeuewal�s6ali 6e acceptzble w Lerzder a�shal!insl�de a st�ad�moitgage.claus�. ieuster ----------_-_.-------
<br /> � �La11 have the righ�to hotd tha polki�s aad r�ew3ls.If Iender re�aires.Bono�ver shatl P��FUY�ve to Lender all re�eigts of � - -
<br /> _`'�:�°� . �nid prenuums aad•rectewal�pic�s.In the event Qf loss;Hort�nwer s�ialt give prompt natice w tihe iasurance carrier ar.d L,er�er. �-;'�- �---
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<br /> . . _
<br /> ��'°. I�ader may uiakc pruof of Ios�if nnt made Pmm�t19 bl►Borraa�er. . �;� � �
<br /> r;_;!j UIIICS9 L$II�F 2II�BOSNW2!Qi�BlWIS�S�E.'ifl R7ilUDg,iusutaace pmceeds sliall be�splied ta r�ation�or repair of the e�"`�`�'••"'-�-
<br /> �`s.,�'�'— -•--
<br /> . � pi+nperEy dataaged.if the reswtatioa ar.�air is econu�calIy fea�'62e and l�ender's sewrity is nut tessened.If the t�estoration or -- ---
<br /> _.- regair is noi eaan�utaiqlly feasib2e or I.eu�er's secauity woutd be ies�ened.tfie insuraace pmoeeds shalf be appiied to the snms ---__
<br />--zs::� secnred by this Se�auity In�•,�,,,�,r; NLCitILY OY IIitl[DeII dilE, with anY exce�s Paid w Bormwer. If�orronrer abaadons the � -=----
<br /> __ _- Property,or does uot ansvv�r wittun 3d days a uatice fmm I�ende�that the insuraace carrier 6as affered to seqte a claim,thea __-- _
<br /> -- I�der.may eol�Ct the insarsnce proceeds. L�der�y use tlte pr+oreeds.to repair ar restore the Pruperty ar to pay sums =---- - -
<br />--=�,.; ssc�d by this Seauity Instiument,aihether or awt'thea drie.The 30-day geriod aril3 begin when the notice is given.. =_-�-_ ._
<br /> --- U�Lender and Eorrower othetwise agree in writing, en3+ ap�iication oY praoeeds to priacipal sha� nnt e�ttd ar �'%�'_y����
<br />`L.p; ae the dIIe date of thE montlilY PaY��� F �P � P��- �`��•
<br /> ;�j p�� referred to in ara hs I aad 2 or cl�an the a�ouat of thc if �� -----
<br /> _=;�i at�er paiagtagh 21 tfie Praperiy is acgEUred 6y Lender,Bombwer's rig4lt w an}r insmause policies and pmcxeds resuIting fiom �� —
<br /> _�'. � damage to the Property ptior to tt�e acquisit�aa sbatl pass w Lender to the extent of the sums secured by this Sec�ity Ias�¢g °__==---
<br /> -�� �"-
<br /> - ��Y Pnor W the acquisitioa. ';�"'"
<br />--�`�I ' 6•docupau�.y,Pr�vaBoa.Msinica�ce�d Pea°�on uf the Property,Bomucver's Loan Applitatl�n;Leasehoidv �s �
<br /> Bormwer s�all ooeapy,estabtist�,a�ase the Pmperty as 13ormwer's grincipal r�sidence within siaty days after the exerution of �-"''�,�..-------
<br /> 'e_ i � --_
<br /> .; ° � this Sec�uity Iustrament and shaIl oontinuc to occapy the Pcoperty�s IIorrower's principal residense for az Ieasr one year aft�r r —
<br /> the date of uccupaacy,untess Lender othezwise agrPes in writing,�$isb coase�i shall not be unreasonably wibhheld.or untess i - -
<br /> ' eatenuating eirpunstano� eaiu whieh aie 6eyand Borcowa's contcol. Bomnwer s5ait not destroy, damage or impair the --= - -_
<br />. Ptvperty.�allow thc Pmpeit�r t�deteriorate,or commit�vaste on the Prrsperty. Barruwer shall be in default if aay forfeiuue --
<br />. ' act�on or pmc�eding,wh�csvil or criminal,is 6egun that in L�ender's good faith judgment coWd result in forfeiture af the ..•_`_--
<br /> Property or otherwise materially impair the tiea created by this Seauity Instiument or Lender's secutity inte�st.Borrower maY ' -
<br /> '�'���' cure sucb a default and reinstate,as provided in patagraph 18.by�the uction or pmceeding to be dismissed anth a rulin$ ":o
<br /> , a agrap �
<br /> '�`�' that,in Lender's good faith d�emnnauon,preciud�s fQrfeitwe of t6e Borrowu's interest in the Property or other material .:c:�y �?�
<br />_ .. .
<br /> impairarent of tfie lien created by this S�rity Iastrv�..or�.ender's security interest. Bonvwer shall also Le in defanit if ._
<br /> Borrower,during tPie loan apptication pmcess,gave a�.:�.:y faRse or;na�,�fP information or statements ta F�or(or failed �.��
<br /> w provide�with any material informatian)in oar��xion with ihe loaa evidenced by the Note.including.L=-t not limited �'r'�'
<br />��-�-G i to,repres�:..^�*'�aaacerning Borrower's oaupancy of the Prop�rty as a principal msidence.If this Security Instrament is Qn a
<br /> I�e]iold, Borrnwer shall co�ply witb all the provisions of the s:..ase. If Boaower acquires fee ade to the Progeny+, tiie �;;;,F
<br /> �-e&old and the fee title s?aa�nat merge mntesg Lender a�+ees w the merger in writing. ��!�^y � � -
<br /> .: : 7.IIrater�ton af I.ead�s RIghLS in the Pwpertp.V Borrower fails to perform the covenants and agreem�:ts coataiaed in , s �. _
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<br /> ;F�:;" t t�i s S e w r i t y I n s u u m e n t.o r t h e r e i s a l e g a l p r o c e e d i n g t�t s n a Y s i S n i fi c a n d y a f f e M L e n d e r's ri g h t s i n t h e P r o p e rt y(such as a �` .�;>:�,..•�
<br />-::•:�j� . procee�ins in bankraptcy.pmbate.for coIIdemaation or fciFeiture or to enfome(aws or regulatim.as7,tAen Lender may do and � -�t�`j� `
<br />�_�` . �ay for whatever is neeessary to protect the value of the Property and Lender's rights in the PrcYCity. L.ender's actions may .�;, ;�--�="�
<br /> � i.�iude payiug any sums secnred b a lien which has priority over this Sc�uri Insuument, a earin ur.co�ut, paying �f�`
<br /> y tY PP g r; � �'�` •.;.r
<br /> ',:;�. rea,onable attoraeys'fees and entering on the Property t::�c�ake repairs.Although Lender may take action urdr�titis pamgraph �. i�• � ,.:.
<br /> ;`�= 7,Iender does not have to do so. , � . ' �. ' � s;-
<br /> _�;_�; ' Any am�u�ts disbwsed by t.ersder under this gar.:,,,.�%sph 7�iri? become addidonal debt of Ba�rrower secured by ttus �+��=-,=
<br /> �'�:�.��,..��
<br /> ' Security I n s m�ment. U n l e s s B orrower an d L ea de r a g n�e r�c t h e r t�o f p a y m e n f, t h e s e a mounts sf�all bear.:�ezest from the �'.'?�;r��Y=',_
<br /> L a _
<br /> � date of distrarsem�nt at the Nate rate and shall be pa.pabie, arith interest. upon notice fram Lxa�tn �arr�s�r�requesting �„_: +�,y
<br /> _�s �p�, . . . � 'f1r'�(:;;�'', �'��--
<br />: S.MortgagP Insmaace.If Lender required mortgage insaeaace as a condition of making che ln�a.sec+ued'Ly this Se�uriry ; , ---
<br /> lnsmiment. Borrower shall pay the premiums requited to mainsain the mort�age inswance in�fi"�. If. for any reason. the ' ��4.�,�,;, =_-
<br /> mortgage iasurance qoverage required by Lender lapses or ceases to he in effect.Borrower shall gy the premiums requited to •
<br /> obtain ooverage substantialiy equiva�ent to the mortgage insurance previousty in effect.at a mst substantial1y equivatent to the _
<br />''^yr:< oost to Ba�rrower of the�ongage insurance previously in effect,from an altemate mortgage insurer approvcil by Lender. If : , � •..=�-_
<br /> :�-i4' substantially equivaleat mo�ge insauaace ooverage is aot available,Borrawer shall pay to Lender each�ansh�sum equa!to : � . __
<br />:��;� on�tarelfth of the yearty mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceaser3�[n ' � !�
<br />_� 6e in effect.Lender will accept,nse and retain these paymenis as a�as.s reserve in lieu of mortgage insarancx. Loss r�a �_ � ' : °-
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