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<br />".,,�, tr � •` �, }{azatrd or Prrtperty Insurnnce. aurrowcr shall l:ecp thc impmvemcnts notv existin� on c�rcaRcr crectecl on the ;...1_.,._..,_;-
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<br />� � ;;.�,�.-- .�'; Property insurcd against lass hy firc, harurds includcd within thc tcrm "cxtcnded covcragc" and any othcr hn:�lyds. including �'�-`
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<br />'t'`"�y � tlouds or flc,oding, fur�vhich l�:ndcr rcWuires insuruncc. This inruranre shall hc�maintaincd in thc ninoums;md far thc periods
<br /> �.�.,k�:��.::`•.�:::, �fti�����—'
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<br /> ._,�,��,,-�,�,� that Lc:ndcr rcquires. 1'hc insur.incc carricr pruviJin�r thc insurnncc shall bc choscn by Eiurro�vcr subjcct tu I..cndcr's approval
<br /> 1�;,'_:.. . .., whicl� �hall nat t�e unrcasanably withheld. !f [Inrcawcr f�ilr tc� mainti�in a�verngc dcscrihcd nbnvc. Lender may, at [.endcr's
<br /> "L ;, i optioai.obtuin covcragc to protect l.cndcr's rights in It�c Propeity iu uccurd�ui�c with paragr�ph 7. � � "- —_
<br /> T �'�'�"`,. All insurance policies and rcne��als shall he ucceptablc ta i.ender nnd shall include n :,tandard ntortgu�e clnuse. I..ender —
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<br /> ::�: � ' shall huvc thc right to hold thc policic, and renc�vals. if Lendcr rcyuires, Borruwer tiball prnmptly �ivc to[.cndcr all rcceipts of _ ________
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<br /> �a•'.":r�+'+%,�`�'�• ' paid prcmiums and rencwul noticcs. In the evcnt nf los,, Barm�vcr shall givc prompt u�nirc ta the insurance carricr and[.ender.
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<br />-#p• `" ' •,: , ` Lcndcr roay makc prauf of loss if not made pmmptly by Borra�vcr. ����_
<br />_;=?'�-��--••�-w�- -• Unless I.endcr and I3orrowcr otherwisc usrce in�vritin�;,insurincc procceds shall bc applicd to restor.uion ar repair of tlie
<br />;��:,t�.•':` '� "' • Properry daniagcd, if the restorution ar rcpair is cronomically fcu,ible,utd Lc.nder's sccurity is not IcssenecL [f tlie restomtion or s'���==-- —
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<br /> � �'" "'`"'K"- .�` repair is not econ��mically fensible or Ifnder's security would be Iessened, the insurance procceJs shall be applied tu the sums =_—
<br />-",��`.-' ' • sccured by this Sccurity Instrument, whcther or not tticn duc, with any exccss paid to Borrowar. if Sorruwer ab�ndons thc _.._--
<br /> :. �•� r Praperty, ur docs nut uns�vcr within 30 days u noticc from I.cndcr tBat the insurance�arricr has offercd to setde a claim, then ����-=
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<br /> • L.ender may collect the insurance proceeds. L.ender may use the procculs to repair or restore the Pro ert or t�� ► cums - ��-�_�°��°
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<br />�4``� � ���`��%�'.�� • securcd bp this Sccuriry Instrumcnt,whether ur not thcn dua The 30-dny perioJ�vill bcFin whcn tl�c notice is givcn. _ _
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<br />�';.' .' � °" ' _ Unless Lender and Horro�ver other�vise agrec in writing, any app!ication i�f proce.eds to principal sliall nut cxtend or —_--.
<br /> -"�..' ; : _ � postpone the cluc date of the munthly payments referred to in paragr.iphs 1 and 2 or changc die amc�unt ot'the payments. if' ��;;-,�=�=,_-_
<br /> under pan►graph 21 the Property is acquired by Lender. Borrower's right to any insuranee policies and proceccls resulting from �"'`""'i� �
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<br /> �; da�nage to thc Proper[y prior to thc acquisition shall puss tu Lender to thc cxtcnt i�f the sums secured by this Security Instrument T��.,,7 :
<br />'�':+. .;�• ,'� . immediately prior to the acquisition. �� � �
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<br /> 6. Occupuncy, Preservation. hiaintenance and Protection oP the I'rope�Ky; liorroa•cr's I.oun Applicatlon; Lease o s. �r��, u�.-.-_
<br /> :� • ". .+ f3orrower shall occupy,establish, and use the Property as Dorro�ver's principal residence within sixty days aRer tl�c execution of �:•�.-:f�`�
<br />��'.. • . , this Security InsuUmcnt and shall continue to occupy thc Property as Bnrri�wcr's principal residencc for at te:ut one ycar after �?�__--
<br /> , the dutc uf occupancy, unless Lcnder othenvisc xgrees in writing, which consent shall nut be unreationably withhcld,or unless s ___ _
<br /> ' � � • extenuating circumstances exist which are beyond Borro�ver's control. Borrotiver shall nut destroy, damage or impair the �:.�+���`
<br />- ProPeny, allow the Property to deterioratc, or co►nmit wastc on the Propcny. Borrowcr shall be in dcCault if any forfeen�rc
<br /> � action or procccdin�, whether civil ur criminal,is begun that in Lcndcr's good faith.judgment�ould result in forteiture��t tt.e �-!
<br /> ' � ' � '� Property or otherwise materially impair the lien ereuted by this Securiry Intit�vmenc or l.ender�s securiry interesc.Borrowu� ��u� - ' ,�;-
<br /> � cure such a default und reinstate,as proviacd in paragraph 18,by cau+ing the action ur prc�c�eding to be dismissed�vith a rul�n� • � .
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<br /> that, in [.ender's good taith detcrmination, prccludes f��rfciturc of the Borrower's intcrest in the Propeny or other material _
<br /> - ' , impairnient of the licn created by this Security Instrument or l.cndcr's sccurity intcrest. Borrowcr shall also bc in default if
<br /> Borrower, during the loan application process,gavc matcriully fal�c ur inaccuratc intormation ur stutcmcnts to L.endcr(or fuiled �
<br /> ` ' ' �• to provide Lender with any material inforniatian) in connection with the lo�in evidenced by the Note, incluJing,but not limited �
<br />_;'�••�r �•�.• - to,represent.dions coneeming Horrower's occupancy of the Property as a principal residence. If this Securiry Instrumr,nt is on a „
<br /> .�..� �".`. • Ieasehald, Bormwer shall comply with all the provisinns of the Iease. If Rorrowcr acquires fce tide to thc Property, the :,�? ".a:
<br /> "�""""""" "' lcasehold and thc fce tide shall not mergc unless Lcnder agrces to thc merger in writing. �' � ••
<br />�. • � 7.Protectton of Lender's�tigl�ts In the Property.If Borro�vcr fails to perform thc covenant+and agrcements containcd.in �;
<br />+;;�,�_•,_�_f'�r_ _• tliis Security Instrument, or there is a Iegal proceecling that ntay significandy affcct L�:nder',rights in the Property (such:�s a ° % ti�
<br />�:.: ..•, ;..>�,•�•. proceedin b in bankru ptc y, probate, for can demnution ur for fciture or to en force la ws o r re g u l a t i o n s),t h e n L e n d e r m a y d o u n d ,_
<br /> -�'`' '"���,�x'•,T' " pay for whatevcr is necessary to protcct thc value of the Property and I..�:nder', rights in thc Propcny. Isndcr's actions may y • �'��`--
<br />_:,"" "'y�"�r!?�:':" include paying any sums secured by a lien which has prioriry aver thiti Securiry Instrument, appearing in c�urt, paying �► �,.. �_�
<br />- ' � , "; reasonable attornc s' fces and entcrin�on thc Pro ert to makc rc airs. Althou h I..cndcr ma take action undcr tl�is ara ra h t�,��
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<br />'`+�_ ' . ' � 7,L.ende�does not have to do so. j'
<br />- 1 Any umounts disbursecl by Lender undcr this paragraph 7 shall become additional dcbt of Borrower secured by this � , �� ,1
<br /> � Securiry Instrument. Unless Ho:rowcr and Lender agrce to��Uier terms c�f payment, these amounts shall bear interest from thc i ���=" �
<br />"°��' date of disbursement at the Note rate anJ shall be payable, with intcrest, upon notice from L.ender to Borrower reyuesting f � '�
<br /> _ � , payment. � �
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<br />- � 8.Mort�age Insurance. If Lender required mortgage insur.�nce as a condition of making the loxn secured by thiti Security ���`•
<br /> ; Instrument. Borrower shall pay the premiums reyuirecf to maintain the mongage insur.mce in effect. If, for any reason, the I �` w��
<br /> ' �� mortgage insun►ncc covcragc requirui by Lr.ndcr lap�cs ur ccases to be in effect, Borrowcr shall pay the prcmiums requircd ta i .r ;
<br />-= ubtain coverage.r•ubstantially�equivalent to the mortgage insuranee previously in effect, at a cost substantially equivalent to the � � � ��
<br /> `'•-` rost to Bottower of tlie mortgage insurance previously in effect. from an alternate mortguge insurer approved by L.�nder. If , ��_
<br />'-`� • „ substantially cquivalcnt nwrtgagc insurancc covcragc is not availablc. Borrmvcr shall puy to Lcndcr eadi month a �um equal to .�
<br /> ' ona-iwelfth of the yearly mortga�;e insurance premium being paid by Borreiwer when the insurana.coveruge lapsed or ceased ro . .+.
<br /> � ,� . be in cffect.L.ender�vill acccpt, use aud retain thcse payments as a lass rrserve in licu of mortgagc insurancc. Loss reserve ;'�;
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