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<br /> • `g—�• ve�m�nss now �xlsHng or hereafter e�cted�on th�
<br /> „�„��:.:_ S. q�r�nr Fropsr� Ins�ce. fiorrower'st�all kcep the imFro
<br /> -`'-�`�'�`., Aazards inslud'ed within the tcrm "extended wvera�e° aad,any ather ha�uds,dncind'sn��
<br /> ---.�..��=.`��� PcoAxcty'iasured asainst loss.tsy.�re.
<br /> _:,.r.�c� :-�<`-,�'` fib�s ar�aadino.for which'IRrater requires insuranae.T[us insuraacc shall Ise maintaia�ct in the amounts a�for the perioc�.�. .
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<br /> -�. T.��,:�.:�� tbat LendEr requires.The iasurana,earcier pravidin�the insur�nae shali be chosen tiy Borro�rer su6jert to Lendes's approvaj
<br /> Lenderu�ay �s Lender's
<br /> '� ��.�,;��. which sha11 not be unre�asonably withheld. If Bonower fails to maintain coverage desedbed a6ove, . ' , . ' i : .
<br /> ' 4'�`• ' .oPsivn,obsain caverage to ps�tect Lender's righu in the Froperty in acsordance with para�ragh 7.
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<br /> '�':t' . All insurance policies aad renewals shall be acceptable to t,e�der and shall inctude a stattdard mortgaF,e�lxu�e. i�endcr ,,
<br /> �_i��::"', _,,. �y-� �� shafl have`the right to 8aid tI�poiicies aacc!renewals.If Leader requires.Soaower shall pmmptiy give tP 1-�der all receipts of:
<br /> _-. _ ,_ :- - Fai�Premi�s an�l renewaf nosia�ss.Tn the event of_lass,Borrower shal�giva Rrompt natice to the insurance c�rrier a�Let:�er: ..-- - __ _
<br /> � � Len�r may make pmaf.nf toss if not madepromptly hy Borrower.
<br /> �t`�.. • ;�r Unless I,ender and Botrower otheswise agee in vmting,iasurance presce�ls shal}6e applied to res�nza4ion ar re�air 4£� . . .
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<br /> - ,. :-:�y:���, � pmpertY damaSed•if ttte restar�ion or repair is economic�fly feasi8le aad I.eades's secucity is nat lesseeied.If the msioration or .
<br /> ``°��=��ti;�:��-;`�:,-�:4 repair is aoi economicatly feasible or Leader's seEUrity+wouI3 be lessened,ttte inautaute.proaetds sball be applied to the s� . '
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<br /> _;��,_ . ....�• �.'�., .... serured by this Secnriry Instrum�nt, whether or not then due, v�itl�any excess Paid m Borrowet. If Bornnwer abandons thc• .
<br />- f„.� ' � property,or daes not aaswer�vithin 30 days a norice fram Lender that the ihs�iranse rsrier 1�as offer+e�to settts a clauu�t� -
<br /> . ::� �r.z��-=; �' Lender may coltect the insuranc�proceeds. l.ender a�ay use the proceeds to r�epair or teswre the Properly or tn Pa�► sams
<br />:�=. ;: �" riod will begin when the natice is giveu.. �` � .
<br /> • ••� =�`'�<;` secured by this Seruriry Insirumeru.whether or aot thea due.The 3Q-day pe
<br /> =;-'i: `�`.:<` '�.�' ' .isdcss Lender�d 8orrower othenvise agree in writing. aaY aPPli�ation uf procezds tp grincipal sh�ll no�extcttd or
<br />---- :� •�=='!.... -� - postpone the due date of ths monthlY PaYments referred to in paragraphs 1 and 2 or c8a�ege the amonnt of the payments. If �,
<br />-_.';�,:..,, .., - �• rw�ulting�#'mm. .
<br />-.��-_r.. t. .- �.` . under paragap�21 the Property is acquired by I.ender.Borrower's right to a�t insurance Policies and prc�s ti
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<br />��`:��;�'�� �'�.'<� dama8e to the Property prior to the acquisition shall pass to I.eader to the eatent of the snms secvred by dus Secauity Tust�ment
<br />'�':'� '. �:°'.: immediaiely prior to the�acquisition. •Borrnwgt's L�an A l�eatia�;L�a1ds.
<br /> .., .
<br /> '� :'=...ti `r�__::��- � 6.Os�peitCy,PreservetEom,Diaiatenance aad Protection of ttte Pe�ogertys ' PP� .
<br />- 3. °:..., ;. `• -..._ .. Bortower sI�all accupy,-estabiish,and ase the.Property.as Borrower's principat_residence within sixty days after�e ex�ecution of
<br /> � , � this Security Is�suument and shall wndnue to occupy the Property as Borrower's piincipal resideace for at teast one yea�r e4Yer �• .
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<br /> - �...•,� tfte date of accupaacy.unless Lender�otherwise agrees in writing,.which consent shall not be unr�asonably witttheld.or untess ,,
<br /> ' eztenuatjng circumstances exist which are 6eyond Borrower's control. $ormwer shall not destray, damage or irnpair the� .
<br /> ; . � . �� . � hail ba' default if forfe'
<br /> -`�=- to deteriorate,or cammit waste on�the Praperty Borrower s in �1+ i� .
<br /> - -- �F�Y, allow the Property
<br /> . ' . • action or praceeding,whether civil oi criminal.is begun that iri Lender's gQOd faith judgment cautd resaxt in fuifeituie of ths
<br /> . ' � • Property or otherwise materially impair the lien created by t6is S�curiry Iasmiment ar Lendet's security interesE.Bor�wer may .
<br /> � � cvre sucb a default and reinstate.as provided in paragrapb t8.hy causing the action or praoeeding w be dismissed with a m1ina
<br />-- � • ' � that, in Lender's goad faith determination, Preclades forfeitare nf the Borrowzr's interest in the Property or other materiul ��.
<br /> • t�� . .' `.�,;,... impairment of the lien created by this Security Insuument or Lender's security inierest.Sorrov�er s6a11 also be in default it
<br /> :;;{,k?,Y:�� � . • Bc:�ncver.during the loan appliration process,gave materially false or inaccurate infonnatian or statements to�Lender(or failed
<br /> - � :�'=��'•'�� • . to provide Lender with anY mateiia��nfarmat�°n)�n�°nne�.'uon with the toan�videnced by the Note.including,but aot Gmited
<br /> .. '• , ,: � to.rePresentations conceming Bonower's aocapancy of the Property as a principal residenoe.If this SecuritY Insuument is on a
<br /> - , • .� � � leasehold. Eorrower shall comply with�all the provisioas of the tmse. If Bonower acquires fee tide to[he Property, ihe
<br /> � • • � ieasehold and the fee title shall not merge unless Lender agrees to ths merger in wriring. • .
<br /> - � � ' , 7.Proter.tton of I.eader's�tights in the Ptoperty.If Borrower fails to perform the covenants and agreemenu con.tained in
<br /> " this Securiry Inswment,or there is a lega�proceeding that may significantly affect 1.ender's ri�hts in the Property (suclt as a
<br /> ' '.,,,;.. .�, �•' . � � proceeding in baa.isn:ptcy.probate,for cond�r�arion or forfeiture ar to enforce laws or regulations),then Lender may do and ,
<br /> � �" �'"" ''�' pay for whatever is aecessary to protect the F�:lue of the Property and Lender's rights in the Propeny. Lender's actions may
<br /> ::� .,...,
<br /> � '•:z fi���.�.
<br /> include paying any suias�secured by a IieQ cvhich has priority over this Security Instnunent.'appearing in court, paying
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<br /> _•-_ �,.,s��n�?�f, ,•,. ..,. rea:uaabte atcomeys fees aad�ring on the Prvperty to make repairs.Although�nder may take action under this parag�nph _
<br /> ' `:' �•;t;.•�.f,�;r• . 7 Lender does not have to do ws. .
<br />:;;; ,,=;1:'i:�.... � ,
<br /> rt� ' • • An amoums d'+sbutsed by Lender u�d,:r this paragraph 7 shall beaome additional debt of Borrower secUrad by tbis•. ..
<br />..,,q+:.,•, �; �.'� • �: Y P Y ,• �:
<br />�,• , ' , . Security Instrument:lJnless Borrower and Lender agree to other terms of a ment,these amounts shall bear interest from the
<br />`��' � date of disbursement at the Nbte rate and shal! be payable. with interest. upon notice from Lender to Barrower requesGng '
<br /> ,. S'=t?',•? � . •
<br /> , ,; , payment.
<br /> ��:�� ,� � '�'�. 8.Modgage l�surance.if Lender required mortgag�insurance as a condition of malcing the loan securcd by this Securiry
<br /> . � � �± ' Instrun�ent. Eottower shall pay the premivr,?s required to maintain the mortgage insurance in effect. If, for any reasoa, the -
<br /> j � • �.• � rriortgage insurance coverage required by Ler�er lapses or ceases to bt.isi effect,Borrower shall pay the_premiums required to _
<br />-I'-#`= '�1 _.; • .. .�� obtain aaverage substat►tialiy equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the . _
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<br /> '�'•! � ' �`' • cost to Borrower of the mort��z�nsurance previously;n ef�ect. from an altemate mortgage insurcr approved by Lender. If _
<br /> �' ` �'�3}��•' ' substantially equivalent trta:tga�e insurance coverage is nrot available,Borrower shall pay to Lender each month a sum equal to
<br /> '�;•..'�..?.�°`
<br /> _��; . . �;` •• ' . one-twclfth of the yearly ir.cnga�ge insurance premium being paid by Borro�ver when the insurance coverage lapsed or ceased to _
<br /> _�- ..-. be in eNect.Lender will aaxp¢.use and retain these payments as a loss reserve in lieu of mortgage insurance• Loss teserve
<br /> ;��`;: � , . • Form 3028 9l9b „
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