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<br /> � • ; � .St Ha�r�ot P�opesty Ins�rance. Boimwea shall keep tLe improvcm�►�na�u e�osang or hereafter on �rapaty , . --
<br /> • � . � . ,tusuted�ainst toss 6y fi�.�rds inclnded withia the tam"extended oove�age°anA asy atluar hauirds.inciuding tloods or '4 < <. '�, f'
<br /> .. ftuodiqq,far whici�lea�a seq��'ii�is ins�oe s9a11 be mainta�eA in the amouat�and far the peda�s th.az L�nder _
<br /> .`�,. . : " _ rtq�s.'IYts Ins�uaace c�rier pmvid�g tIte instuance shall be c.�tosen by B�ower sub�ect W 4eadet's apymval wtuct�shall c►oi � � . . �
<br /> - � � ` be aareasonably w�he2Q. If�ossowca fa�s w maintain co�eaage descn'bed sbave.Lendrr maY, at L+eader's optiam.obtain ' .
<br /> , . ``, - . . �, coveaaga tn pmiect Lea$ea's rights m the Pcapaty in scco�d�ce with y�apb 7• � , .� �
<br /> — � ; � � ` AII insuiaace polisti.es aad ceacwals shall he aocc.ptable w LRnder ead sball include a standard martgage clanse.Lender shall . �
<br /> : . �
<br /> �=°� .� to Leadea all recei ts of ai.d - - - - - .
<br /> �:�- � ttave the right m Aold the poli�ies aa�i�ewals.If I.ender requi�s.Baarowea shall potomptiy give P F . - -
<br /> ^ -, ,� p�emiums anci�euearal uoticcs.In fhe eve�t of Inss,Borrawer sbaii give prompt notioe tn the insiusnfie cstti�r sad Lcad�Ir� . , '
<br /> �• may make proof of ta4s if notmade P�PUY 6y Boimwer. . •
<br />_� ._ _�. . ,,_. _ , Unless Leudcr�d�aaowea otheiwise sgee in wrinmg,i�uasoe Droceeds shall be agplied to reso�ation or r�ir of the - .
<br /> ` - �P�Y�Sed.�the seswsatian ar regaa is ecannmicaIIy feas�le aad Lender's sec�i�y is not F�ted.If the�rnation or
<br /> ', .� . `--.- -- repas is not economicalIy f�Ie or Leader's sec�ty wnu2d be lessemed,c8e�Pmc�d�s�1��Pl�ts ths su�ns . -- :-�. . � .
<br /> _�' . �.,;._ �� secured by tiiis SecaritY tastrument.ahethea ar not the,n due.arith gny excess paid to Boa�we,s If Boaowcr sir�edflns the ( : . .
<br /> 4� Pmpeaty,ar does not answer within 30 days a notice fmm Leadcr thaz the�c��6aa offeted to�s�ttIe a claim,theti
<br />-- - . Len�er may coIIsct the msm�ce pnoc,e�ds.Le�der may nse the pmceeds m nepau ar iesmie the Propeaty flr tn pay sums sec;med ,- ..
<br /> _ .. ...
<br /> : =�:: ' �.: Instnmuent,wbeth�ar not thea due.TI�e 30�day peeaiod wU begm whe�die notice is give�.. � . 4 - -
<br /> - .--.-- -.- 1s3►tlusSaaatity p � ...... .. . . �-
<br />- ` `�"-'- Untess Leader and Hmrnwer otheawise ag�cee in weiting,aaY$FPlir�oa of proceeds w principat sbaii not exread or pastpnne � . ; � � .
<br /> the dwe date of the mont6ly payme,ut�rEfened w ia para�apt�s 1�d 2 or change the amount of t�e paym�.If�paia�raph .� .� . -
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<br /> s • 21 the Pmpe�ty is acq��ted by I.end�,Brnmwer's zight tn any insarance policies and psoceeds resrilnung fmm damage tn the , . ° ,
<br /> - -: .11. . •' • _
<br /> 4 ' � �F�Y P���8C4��n st�aaII pass to Lend�m die extenl of the sums secared by dris Seanity Tnstnune�tt immediatety . _. � _ - , .
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<br /> _,-, :. , �ra,ineacQui�on. • '�.
<br /> - °_ . .° . . Maintcnanoe and Pratec�n of the Property, Borrawa's l.aan Applicztlon.Lease�oTds. . ..___...��,z.;.
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<br /> � � • B�owea shall aa:apy.e,smblish,and ase the Prope�rty as Banawer's prucc�ie�iTebce weihin�s�Y dayg8fter�tte�xecution-of . • "
<br /> � � � tlm�S�y►Insuument aad shalt confmue tn occupyr the Prapeny as Borrowea's prmcipal�sidence for at least one year aftcr the ,- _ ;�„��
<br /> - ' t' � ..' _ � date of occupancy, iml�Leuder otheiwise agcecs m writimg, wt�cb consent sbaII not be anrr�sonably wiWheld.or anless ,� .:,;/.!
<br />- �. � extenu�g cu�amstances exist which ac�e be}rond Bosmwer's conbroL Bmmwea shall not desuay,damaSe ar im�ir the Fiapaty, ';
<br /> -- _ _. _.. altow the-Pmperty to-dc�rioiate:or commit wasta oa the Propeaty. Bmmarea shall be-in default.if any foifeaim�aaioa.ar _ ._ . :,:�-
<br /> W83 . •
<br /> , ' " pmnceed�g,wflether civ�or crm�inal,is begun that u�Le,nd�'s gaod faith�dg�aent cantd�lt ia forfeimre of the Pmpecty or : ° �.,:
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<br /> • otheawise mateaalZY imPaa the tiea c�eated by this Sea�iry InsCrumeat or Le,ndear's sxauity mtaest.Brn�wea may caie sacb a . .
<br />- �� • � � � � def�It and reinstate►as gmvided ia paragrapb 18,by causing We action or pmceedmg m be dismissed with a mling that,in .
<br /> +` - . � - Lea�'s g0od faith det�minatio0.P�udes forfeipu�e of the Boimwc�'s inteaast in the Pmpeaty or odier matraiai impainment of � '�. �
<br /> : . ' .. : the Hea►cceated by this SeWrity�.�*+,t„Prt nr Le�dea's secarity inteaest.Borrowea shaU aLso be in default if Bomuwer,du�ring the •:, '
<br /> � - ' .. ," tnan applica�tina process,gave materially false or iaaccuzare informafion or staraments w I.ende.r(or fa�ed t�provide Lender with ' �: :
<br /> sta
<br /> � '`.,
<br /> . . aay mat�ial �nfo�mation) in canneaion witti the toaa evidenred by the Note, including,bnt nat lunited w, r�eseatatinns . . . .,
<br /> � conceining$o:mwet's aocapancy of the Propeaty as a princi�aJ ms�deuce.If this Secauiry Insnvment is on a teasehold,Borrawer . � " ,;%r'�f;
<br />. . _ . .- ---- - sbaII camply with adt the gmvisions of the lease.If Boirower acquires fee aue to the Praperty,the leasehold and the fee titte shall -. � __.�-�.�;.�. •:,
<br /> not mage unlessLender ag�e2s to the merger in writing. • � � . - '
<br /> - � ' � � 7.Pmtccbioa of I.ender's Rigbts m t6e Property. If Bormwea fails w peafoim the cavenants and agr�Ements conmined'm � : `` ,.
<br />- � . thts ge�ity insu�mc,at,or there is a legal Pmce�diAB d�at maY����Y affect Lenda's rights iu the Pmgedty(sach as a I � :::`��'�
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<br /> � ptoceedmg m bankrupfcyr,Dmbate.far wnde�nnauon or forfei�e or w eafo�e laws or ngolatiflns),then Lender may do and pay . ,=%`
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<br /> .. � for a6�cver is necessaty to pmtect the valua of the Prnperty and Lea�der's rights in the Property.Lemder's actions may include .
<br /> . . ., paying aay smas s�nred bY a lien which bas priority ovet this Seaaity I�smmnent, �g �n coiat.PayfiB reasonable
<br /> . a�omeys'fees and ent�aing on the Properiy to maYe repairs.Althoagh Leadea may take aaron und�this paragtaph 7,LEader � ' . ' ; .
<br /> -.: � . - . docs not Aave on do so. . -'� .
<br /> . '" . � ..
<br /> _ •R � Any amount�disbursed by Lender under this p�agcaph?shall l�ome additional debi of Borrower seca�red by this Security ':
<br />- • �, . � In4tirament iJaless Bomow�and�der agree w athear te�ms of payment,these amo�mts shall bear interest from the date of •� :.
<br />- � � � � . disbmsement at the Noie rate�d sLall be payable.arith int�st,apon notice from l.euder tn Barmwea requesting payment �
<br /> � . . 8.Mortg�ge Insuranc� If Lcader reqnired martgaga ms�rancc as a condition of makfig the toan seciu�ed by this Sec�riry ( �
<br /> � • -- - --. _ Insiru.men�Bormwer sAall yay 1he premiams requu�d to maintain the mortgage insmance in effect If,far any reason.the � . . .
<br /> _ �• � � .: � � m�e insu�ance cavesage reiluired by Lend�laps�es or ceases to be in effect,Bolrower shall pay the premiums required to . •
<br /> o�tain caveaage snbstandaily equivalent to the mortg�ge insurance previousty in effect.az a cost sa6stamtialiy equiva2ent to the I .
<br /> -V 'y„ • : 'cast tn Bomower of the ma�tgage insurance previously ia effect,from an�alteanaie mortgage 1as�uer appmved by I.ender. If f ,
<br /> �' • substanii�alIy equ�valeau m�tgage insura�ce coveaage is not available.Botmwea shaU pay to Lender each month a sum equal to ( .
<br /> . � . . - -. un�twelftL of the yearly mortgage ins�uance premium being pa�by Bormwea when the insu�ance caverage lapsed or ceased tn �
<br /> � : `� - be ui effecK.Leader wiri soeept,use an�retain these payments as a loss res�cve in lieu of mortgage insutance.Loss reseave � �
<br /> ��: �
<br /> � � ' . Form au2a 9�90 4 .
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