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<br /> _�;.��.;r -:. - . C. �.Iiaaard Qr�'ro�erty tnsur�nc�.$orrcr�1er sha]i keep th�impmvement ce e�stse�g ar hes' erxied a� .
<br /> - "�;� . the`Psoperry iesured aga�n�E lass by fire,hazards include��.a�ithin th�c�rm"extended cavarage�und aflp oth�h�rEB...r „ .
<br /> -"'-���' sneludiug�l�ds oi flaoding.�for�vhicft Lender rtquires+nsuranee::'fhis'ansuraucc shall bg m�init;�ine�in ttla t�oimts . `
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<br /> T�-��-F�:���.9 1 ,8ad$or the periods that l.��nder requises.'t`he ins��rance catrier providin�the insurance sttalt 6'e chasCtt by�FrAtt�' •
<br /> --- -` `"'"" �' � setb' to Lender's a(]p�o��al�shich s}ull not be unrcasanabl withheld.3f Borcower Fails to maintain caavtta de�sbetl .
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<br /> '-=�"-�.�;��:, � eb�vo,Lender may,a*_Ixnder s aption,o6iain coce:age tn protect Lender s rights i�the Property iti ac�cDrz9at�e wish �
<br /> _���:�_._:, are h9. ` .. , � . , ,
<br /> --`'�=��-��`'• ��:= p �Allpinsurance poiicies and re�iewata.shall be acceptable,ta Lender and•shalt inc�ude a standacd.mostgtg6 cl�tiee: ��
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<br /> -- I,eader s�all have the sight to hold the palicies and Fene«als. �f I.en�ier requires; $urrd�cer shali proffiptIy give tti
<br /> I.e der t
<br />-�r' �• � �" ` ` �uder a11 receipts af paid preraiums and rene�vat nqtiGes.In the e�•eitt of to�.s,tionoti�er shall giv�prorrlpt n�tiee to tbe
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<br /> , : � insurauce czriier and Lender.Lender may make proof of loss if not made pramptiy liy iiorrowef: . . � '
<br /> �.-_-_ • Unles.sl.ender and fiorro�•er otherwis�agree in c:riting.insurance proce�ds shait be agplied to resWzatio�ar� • . _ __ __.__._ __.. __
<br /> � ,j ` of thg'Property damaged,iF the restoration or repair is econamiFally feasible and Ixnder's security is not le�eaed.� ��
<br /> __ ; �'�� s�estoration os repair is not economically fe�sible or E.ender's secucity nould be'iesserted,the insurnnce praeeeds�h31I b� •
<br /> •` '. applied ta the sums se�ured by�this Security Instrument,nhe�her or aot then due,tirith any excess paid to Bumowtt:If
<br /> °- r�.x,,:`�.'�_.- Borrowe:abandans the Prnperty.or daes not ansn��r:+ithin 30 days a notice fr�m Lendcr that the insurettce chtti'ics bas ' �
<br /> ` � - - offered to setile a claim, chen Leader maS�collect the inse�rance praceeds. l.ender rnay use tt�e proeaeds,to repair ar
<br /> - '' S--� testore the Property or to pay sums secured by this S�urity{nst�ument,ishethet o�not.then due.The 30'a3y petYOtl�ill '
<br />�;;�`���., `�.�=:, � • hegin c�hen the notice is gieeh_' • � . , �
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<br /> • . - Unless I,ender and Borro�ver other�ise agee in n ri�ing,any application af praceeds to principal s$atI�t�Itaad or •
<br />_ ` pastpane the due date of the monthly payments referted tc in parap,�aphs 1 and 2or change the am�uut of thepsyatents. �
<br /> � � , • ' If under paragraph 21 the Property is acquired bj I,ender, BorroAer s right 3o aay insurance golici�and ptor:eeds '
<br /> - � ,. r�sWting frorn damage to the Froperty grtor to the acquisition shall pass to Lender to the extent of the'sums secured by � .
<br /> _ ,'- �;. _ . � this Security Iastrt�men't immediately psior to th� ac<•iisition }
<br />- ' : . - ' 6.Qceupancy.P�eservaiion,�'Iaintenance and Ptote�tion oi.he Prbpe �y;13orruc�er's LoaaAppliestioa;
<br /> --- ' • � Ltasehodds.Bormner sh�lt ocFUpy,establish,and use the Property as Bprm�ser's principal residence withi�suty diys, `
<br /> � � � . '.� ��' � after the esecution of this Securit} Instrument and shaU continue to perupy�the Propert� as Bortowe�s ptiacipel.
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<br /> . ;. �.__. , . _..__ residenee fa<.at least oneS•ear after the date af gccuran�_,unless f.ender�ther�cise agrees in writing,whieh oo�eat�shail '
<br /> • , �' , ' . aot be unreasanably n�ithhrld,ar uniess extenuating circi►mstances exisc�chich are hey�md Ronower,s eoaiti�l.Borroxer
<br /> : • . shell not de�roy,damage��r i mpair the Pmpert}•,alimr the Pr��perty tn deteriordte,or commit�va,te oII jhCPfopetty. . ,'
<br /> • . � BorroNer shall be in dePaulc if any forfeiture actiun or proc:eeding,whether ci�•il e�r eriminal,is begun that in Leqdei's '
<br /> �• ' . � gnod faith judgment cou}d result in farfeiture of the Propeng'or othen�ise matetially impair the lien Cteat�by thie
<br /> - • """ , � Sec�trity Instrument or L,ender's security interest._Rorroiset may cure such a defauit and reinstat�.as.piovid�iA � __ _
<br /> • '. paragraph 18, iiy causing the action or praceeding to�be dismissed «•ith a ruling that, in Lendet'B gond faith �--
<br /> � . • determinatian,precludes forfeiture of the Borron er's interest in the Property-ur ut}�er material impaisment of the lIen � -
<br /> , � • � created b3•tk:is Securit3•Inscrument or Lender s securit3•interest.Botton•er shall also be in default if 33sorrower.dtuing ' ��
<br /> � .. . �• the l4an application pr��c��ss, g2ce matetially false or inacc�irate informaticm or statements to I.eader (or faited to -- —
<br /> provide I.ender nith an}• material information)in crmnertion �sith the loan ecidenred by the�ote,including,bUt AOt �
<br /> ; ' . , , tisnited ta,representations concerning florra�cer s occupanc}�of the Propert� as a principal residenee.�i this Seeurity � '
<br /> � . Instrument is on a leasehold.l3orroccer shaU camply a•ith all the provisions of the lease.If Borro�ser acquires fee title to - �
<br /> � ' the Properc�,the leasehold aad the fee title shall n��t mrrge unless Ixnder agrees tu the merger in+ti•riting.
<br /> ;.�,:;:, `. � '., 7.Protection of I.erider's Rights in the!'rupert}�. If Borrotscr fa�?s c�,p:rfurm the cavenaatsattdegteemeats . �'
<br /> • � � wntained in this Security Ic�strument,or[here is a ;egat pmcreding that mati•significantly affec:t I,eadet's rightsinthe• - 'r c
<br /> ' �.. ' Property (such as a prn�ceding in bankruptcl, prohate, for condemnation c�r forfeiture or to enfos'ce laws or �,. ;,'�
<br /> �. � " regulations),then Lender may do and pay for«•hate�er is neces>ary to protect the�•alue of the Yroperty and I.euder's ' � ��.
<br /> " ' righte in the Ptoperty. l.ender's actions may includr Paying any sums secured hy a lien nhich has prioritq over thfle �r' +
<br /> � Seeurity Isistrument,appearing in court�paying reasonable att�rneys fees and rntcring on the Yroperty to mage tegaire. � _.' .�;,o
<br /> . � �.��, ' Although I.ender may take aciion under this paragraph 7,Ixnder does nut ha��c to Jc,so. �.�l"�..--
<br /> ' .;:;Jq,.•,. Any�amounts disbursc:d by Ixnder under this paragraph 7 shall become.a:3ditional debt of Borrowet secuted by this ��;',, �
<br />__ ' Sec�uity Instrument.Unlers Rorroner and Lender agree to other terms of pa�mrnt,these amounts sball besr interest �� '. ,•° ;��-�
<br />:'°`"°- •:'�:'' �- 1 frnm the date of disbursement at the\ote rate and shall he pa}'abl�,a•ith intrrc:.t.up�m notice irom LenBet to BornDwer ` � Y' �-
<br />- � . �. • ' requesting paym�nt. : • . �`r;
<br />_ � • . 8,tlortgage Insurancc. If Lender rcyuired mnnfiage insurance as:�cunditinn uf making the loan secured bg thia • - . : _,�
<br />- • ' � Securitp Instrument,l3ormv:e:r shall pa}� the ptemium��rcyuired tu m�int;�in nc�m��rtbage insurancr in effect.IF�forany ; � � � . . - ' ' ''"
<br /> --- • , reason, the m�rtgage in.urance co��erage re:yuireJ b� l cndcr lapse:s ur rra•.��:: tu hr in cffect.13orrotvet shsll pay tha t� , t�, . `��
<br /> __ premiums reyuired to uh;a�n cocerage sun,tanti�l;� cy.:i�a�icut tu the murtga;;e�in�.urance pre�•iousiy in efteet.8t acost ' ��;
<br />'�+.� ' � substantially equi�•alent n� ihe cost tr� Hurrm�er r,f che mortga�e insurancr preciously �n effei:t, from an alte�aate . .' . �
<br />-_-"• � " � mottgage insurer appru�cJ by I.ender. If suhstant�ally ryui�•alent mortgage insuranre cnverage is aot available, . .'� . ,
<br /> �:;. :, � : � , $orrower shall pay tn Lender each month a sum equal to�me-t�celfth nf the.�•r;,rly m��rtgage insvranCe premium being . -�.
<br /> -�'�' � � paid by Borro�+�es�ehen the insurance coLerage lapseJ��r craseJ to he in effere.I.�nelec�+�ill accept..use and retaiu these . '
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<br /> �.i,.-.'..:�� payments as a loss resCnr in lieu of mortbab:: insurance. I.oss rescr�e pa�ments ma� no longer be requit�ed, , •
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