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<br /> --_-- _-_ . . 5. 8ar�d o�Pto�rty ���r�.��.re. Borrawer,sh�ll k�p th�impao'vemenb rmw existit�g or hecceafter.er2aed on the .
<br />- = _-_-=-- - Propeity iffiured agniast toss by fire. h.�ards included within the te�m'extQnd�saveia�e"aad any ot�er haz2rds, uuIr.ding ,
<br /> -- ----_�'� � �l�sods ar ltooding.for�uhich Lender n�uites iasuranre.This iasurance shal!6e mains�in.ed in the amounts ansl for th�F�xia�s
<br /> ,�.:�:.�
<br />��.���:�_� , t�at Lerzder requires.'L�e i�+n����autier pmvidiag the iflsumnae s�l�6e chasc�t►y Barrotver sad�jECt to Lender's�roval
<br /> —=_ = which shati�tot be unmsonnbiy �vith4teid..if$a�rower fniis'ia maintain covemge dessrib�aba�e. I�adei may.at�d�r's -
<br /> �"�'� optian,obtain cov�rage to protect ix�tder's right4 in the Property in acoord�oe�vith pasagraph 7.' � •
<br />;rr.���;��. A!1 insuraace policiex and renea�ls shall$e ac�e,ptnble to�nder and shal!iaclude�st�BYmtga�e cisnse. t�der .
<br />--=3 y':�.•.=:_.: ' sha!t ha�-�tl�r'ight fi hoi�l the policies�nd rena�vais.�If ixader m�aires.Borrocver shall Pzomptip BiVe to Lend�r all rza�eipts,oF
<br />.�WY�sI��..t`: . ' .
<br /> . .��r"�=� p�i3 pretYriums�nd rcaetivaf notic�.in the eveni of 1oss. Barrower shatl gice prompt n�tiee to t��insur�sa�carrier uad L�ndee:
<br /> � ��� L�u�errma,y ma�e Qmof of l��s if not m�sde pmmPtlY bY Borra�ver..� .
<br />�;��L�`� � . lTn2�ss Lender aad Borrones athe�wise agre�in ariting,insar'ance procezds shu�}be uppfied to�storauan or cepaa of tA� - •
<br /> �_ .. wis
<br /> �`�,��,....;�.'r• Property�dausa�d,if the restordri�n or repair is ecocomirally feau'tale and,[.ender's seauity is not l�sene�I�ahe rsWr�tion or
<br />�:-`�`,�°„ 4:,•- re�air is not economically feasibte or L�end�r's security woutd be tess�ned.t}te in.�ce proceeds shali be applied to the stu�
<br />-.-=���,�-„:; .
<br /> - ,�. sea�6y t�is Securary Insuumeat.�vh�er or not�hen due..with any excxss paid to Barrou� If Bamn�er s�hanctons the
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<br />-zYZ�„��:if Prnperty.or does uot answer�vittrin 3Q d�ys a natice firom L�eader ttrat t�e iasurauce auciear has o�xu seu2e a ctaim,tt�n
<br />�"�-�.�_::;� � ixuder aaay oo�l�t the insurance proct.'e3s, l.ender cuay�se the prooee�s t9�r or�testoie� Property aT to p3y st�ms . :
<br />�-:�:�=~__� secu:ed by this S�curity Instrumeat.whetltter or not tRea dne.The 30day petial�vill lnegin whe:a the mtice is givea.
<br />_�--��"�±"`�;.�,�=� Untess I.�er and Bairower othemrise a�in writing,aaY apPlicatian of piareeais m p7mcipal shaIl cuH ext�nd vr `
<br />_-,�;==��L�;� P��Wne the due da2e of the�r�or[th[Y Paymeats referred to B►pa�aphs 1 and Z nr�e the ar�touut uf the paymsnts,_If
<br /> �'�:�.:_r;�';, under ParagraPh 21 the ProgertY is acquire�!bY Lender. Bortawer's r�t to�Y�Potici�s aad�s r+sWtin,g fmm
<br /> damaga to the Property prior to the ac�uisition shatl pass to I.eadet m the esteat af the sanos secar�d[ry ti�is Sexarity Instntta�acc
<br /> $"�•"`�`:"'''°- imucediately priar to the aequisition. . , . .
<br /> - � 6.Oo�paIICy,Pt+eservatinn, bi�tntenanae aud Pnotec�ioa Qi the Praperty;Bnsm�s irnan App�ttoa;I�Ids�
<br /> �'�c��r t,l� Eorrower shall acrnpy,establish.and�4he Ptoperty as B�arroaz�'s principal re.sideaoe within sixty eTay§after tf�sz�cutcoi+of
<br /> `'�"�-:��.. this Security Imaument aad sLall contimie tn occapy.the Pr6perty as Borcowe�'s prinapal�.siden�for�t teast oet yrar a[fter'
<br /> ' thQ date of occupancy,unless L�cder athenvise agrees in wriEing, whicb oonsent shall�nat 6e unneawnably withheld,or uale�s.
<br /> ��;��_ ; .
<br />�`�° .- �.- extem�ating cUCmasbnces exist wtur[�ate beyoad Borrower�s candrul. Bormv�er s6a11 �ot destnay, �amage or im�r:tbe:• . .
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<br /> `�r �''� Praperty, allow the Pmperty to deteriorate.or oe3maiit wasts an�L�roperty. Borrowe�s�all be in.defa�t if arry fotF�r3�
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<br />-�`:'..._.-� :. a�ioa o�praoe:.diag. whether civil or criminal.is begun that in l.ender's good faith jud�nt oould restilt ia forfeimt��`3a. ,
<br /> :�.�'.��'. .. _ P�sperty or othetwise materially impair the liea rreated by+this Security Insorumem at t�er's seauity inter�st.Borrawer may
<br />.','�-�':� �,. . ; care sar.h a def�lt and reinstate.as pr�vided in paragrdph 18,by causing the aciion or prooeeding w be di�issed erith a niling , ..
<br /> <��'��� t3�at. in Lacder's go�fait8 deternvnation, Preclndes forfeiture of the Barrower's interest in tbe Pmgecty or ather a�aia] •
<br /> :',;_'..._�.,:
<br /> • ..::, , impaim�ent of the lie�created Dy ihes S�nauiry Insm�ment or Lt�nder's ses�uiry i�eiest. �araawer s6all a�so be in-defan�t if ,
<br /> �;,;;,....�•, ;.;�;;;' Bomower.dnring the loan applira2iou�rooess<gave materialJy fal�ur inucauare infom�atian�sc.�to Ie.ud�r�ar G�u'�zt
<br />.. i Y1:i.• '.'�� �
<br /> � ::',Y:"a,': . . to provide I.ender�vitYi any materffal information�in oonr�ciion with the loan evidensed 6y th�:Nbte.inctuding,vut not l:�.� . .
<br />;�:'r_:.�:::.,.._�.. � to,repnesentations coaoee�-��Borrower s occupaucy of the Pra�arty as a princi�l r�sidence.L�'this Security 1[�nsstrumea�t is an a :;
<br /> s3:;,:.: . ..
<br />��.�i; , teas�ehold, Horrawer sh:�..wmply�vith all the pmvisfrons af the lease. 1f Brm'�.ver aoqair�; fee Gr��:the�Propert5!. ths . ,
<br />`���`.�„ `;•r..• I�asehoId a�i t5e fee tide shall nat merge unless I.ender agsers W the nserge.r in 6�ng. . , .. . �
<br /> -=�,�-.`�.:, .� 7.Pi�au�'.ion of Lead�r's Rlghts in the Property.If Barrqwer fails to�orm the onv�ts.and a�oantai:'Aad iu
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<br /> "L=;.� � � tbis Secnrit�L`asuument.or there is a fegal proceeding ti�aat may signific�tly af�'oct Lender's i£�►ts in the Pcoperty(such as a
<br />'`'�s�Y'�..�..: .
<br /> ;;�,r�`?•r;��,:;�:;,: pssnoeeding in bankruptcy,probate.for oondeam�ation os t'orfeiture or to enforce�vYS ar r o�ta�*o�s).t�ert.i;�°•.ndsr may do and
<br />-4:.. '�- pay for tvir�tever is aeoessary to protect the value of the Fnoperty azcd Leu�er's r�ghts in the Pc�pet4y. Ci�cti�r's ac�iaus may
<br /> ra
<br />-�:�:�•-_... , dn canzt, paying
<br />..,.:._,:;�•. .• incltide ga�irg any sums secured by a lien which has prioriry over t9us Sazurity Instn.�neffs, �-�
<br />`'-�`fi;��- reasonafsir.uuu�neys'fees�ad eaterin��n the Property to make re�airs.Althougb Lender msy.tr11:e aarot�under thi$P�b'�Ph
<br />�,..°_;_•. ,
<br />- _-�.i;�zY:`; 7.Len��a dn�not��ce to do so. '� � .
<br />-�:_:T-:;:".'.`'` . My amounts distrn�s.d by Lender under this paragraph 7 shall besome ad�itional d�bt of Borrowes seaued by ihls
<br />-='';�-'-,�.r.- :: Security Instrument..UnI1.Yq Rorrowet and Lender a�ree ro other tertm of grayra�nt.these am�shall bear interest fram the
<br />- , date of disbcusement ai the Nate rate and sha11 be gayable. with interest. upea notice fmm L.ender to Borrower requessing
<br /> ,. ���t . . .'�; ,.
<br /> ' � S.MaeSg�ge Yr�surance.!f Lendes required morigage insurance ac a condition of making the loan se¢urad by this 5�.�urity
<br /> � � • Instnunent. Borrower sha11 pay the premiums req�e�red to maintain the mortgage insurance in effect. Yf, f�t any reason. the
<br /> .' . � mortgage insurance coverage required by l.ender lai,ses or ceases to 6e in effect.Borrower shall pay the gmctiums r�quiied to �
<br /> � • obfain coverage substautially equivalent to the moagage insurance previausly in effect.at a cost substantially equivalent to the
<br /> � '�:>. ��� cost to Bortbwer of the inortgage insurance previously in effect.. from an alteruate martgage insurer ag�roved 6y Lender. If
<br /> :,•si°;.�4'.,.
<br />=�:;,:,r •;;: �� substantially equivalent rtrortga�e insurance covetage is not available. Borr�cver shall pay w Lender eaeb month a Sum equal to
<br />`;�"•�'�.=•.' -"! one-rnelfih of the yeariy cccongage insuraace pretmum being paid by Borrotiver when,the insurance ooverage lapsed or aeased co
<br />:;..T s.:, ..:s... .:
<br /> ` ��-•=.'' :• be in effect.Lender wiU�ce�t,use and retain these payments as a loss resene in lieu of rnortgage insurance. Loss resen+e
<br /> '��',r;•. " . . ' . Form 3aTii �190 ' �
<br /> -��,°`��-'yr.,.�'� Page3U 6
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