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<br /> '`'�`� • ; �F- ' S. �l�rd ar PmL�esdy in��rr�nr�. $onowee shatl kcep the impravcmcros,now existing or hemaRer erect� on the 's • � � `�:--
<br /> .� ���� ._ ;
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<br /> - . .., Pc+aF�aty �ured.�inst lass by fire,l�arards included wisflin the term �CR�i11d'Lf�COYETdeC��r.d any ather hazands.including �� ���"`-
<br /> _���� ` ` %"r floods�r fiaodin�,for which Leader requires insurance.Tbis insutancci shafl br mnintained in thc amounts and fQr the pedoSts ���,���.__�,
<br /> ��` � :� that LeAder requims.Th�iaswance�tries pravi�f'ing tfte insurattce sha116e chosen by B.orroner sub'ect to Lender's approval , - ---
<br /> �_ � r. • �'���`^�� � --
<br /> ,� �, � whicL shalt not lse unrcasonably witt�etd. ff$orrower fails to maintnin wverage descri6�ahove.�mzty. ut Lemter s � ��-a` -
<br /> �s ��� •`�.. agrioa.obtain coverage to prntect Lende�'s rights in the Pmp�ty in accor�lzuse witk paragrapb�. . ��s�� — _-
<br /> . {�,:'.. ' .;_y.. . - � . `4J '��,L�''i_�_
<br /> � tF r � � . Ali insurance policies and renewals sf�ll tte ucceptnbie to i.�nder and sf�al{ inc(t�de a standatd mortgage clause. Let�der ,� ���� _
<br /> � �� �.- ' shali have the ri�ht to hflld tue policies and renewals.If Lender reqUires.Barrower shal!grompt{y give to Lender al!rec�ipts o�., Y 44�£C���l���
<br /> ? � '°� gai�pr+emiums artd renewa!notices.In t�e event of loss,Borrower shall gsve gromgt autiee m tha�ta�Htance carrier and I�nde�: �.r� -� � ��"
<br /> -�' � � Lender.tnay ma►sa pmof�Mss if nqt madc promptly hy�orrower. �-'��F'�� ;
<br />_ `t ` �,,,,�,��`` Untess LeGder snd Borrower athetwise agnee in writiag.insuranee ptaceads shall be applied to restoiation or repair of the ��r ����''-:
<br />- 'a�Y.=� �. Fmperty damage�.if the cestomttom rss tepair is economiqlty feasi6 le and Lender's sec�uity.is nat Iess�. I f ttie,r�toratian or �"°"' � _
<br />— ""'�' '-�"� ir ie n1t i+C^�II!!�v foacihla_ne�o�tl��F.'�snin�rjtSt Wivtitl!tP�rerr+ntvi,tf?,t.lt!�J�f�'- �—�
<br /> - - y,�..� � �r_- . -t�t°�... J .�+r4c�t.c chalt.hi_annl'red tndlC Snms . .. _ -
<br /> ._ . .. secured by this�Secarity lnsnvmeat,.whot�fr;or not ch2n due. cvith any exoess paid to Borro�s�er..If 8omatv�a abandor,s tha,, _ -
<br />- ;,�:.:'G=._;;:.:�-° Pcaperty.or does not aaswer�vitivz�30 elaa!!�+�Z notice from i.eader ttuit the insuraaee carrier has offe�est to sentie a claim,ttz�„ =ri�-__--==_=
<br /> �•:sy��:�•' Lendet may ooll�the insur�utce prc►secds.:.�ender may use the proceeds to re�air or restore th�.Prop°..rty or to pay sums ---��
<br /> sacµreri by Wis Sacurity ins�ument,wheth.�r c�II:�ot then due.The 30-day period wilE 6egin whe�the natice is given. . '��-`-�w
<br /> =� �=' , = Unless Le�eder and Borra�rer oth.�rnzs�:�_in writing• arry apPliratiaa oF pmceeds ta principal shall uat ex�end or �----
<br /> ''� � ' .--�- - Posq�ne the due date of the monihiy Pa�►�eA�filreferned to in paragraphs 1 and Z or cl�ge the ainount of the payments. If �'`���='-----
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<br />-- � -,;',_;;,. ._'4 . tmd:r paragraph 21 the Froper[y is accluirarl t�,.S,�nder. Aorrower's right to airy insurance policies and proceeds resulting fram � ��`:�_��--
<br />� ,,,..•� ,,..,, . �'.- ---__ --
<br /> �.;.�;;�w::.M,.; da��ge to Wa Property paor to the acqu�sitipn sh�il pass co I.ender to the extent of the sum4 secured 6y tflis Securiry Insuument . _____-
<br /> �r'--�$���_ i�s?�iatety prinr to the acquisidon_ �
<br /> ___�T,_ --�- ' �� _:-_.�_-�
<br />_r:• •..��.� �:_::.. •� 6.Qrcugunc9a�eivatton�.Mais►4�t�4�d Pratectfon of the Property,Borrower's Loan Appltcatt�n,Lensetiolds. _--__. --
<br /> "''" �+,-� ��• � - Bor,�wer shap ocaspy.estabtish.and usp tiv:!'rraperty as Borrower's principal residence withln,sixty,days after the execution of �.�.=--- -
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<br />,.;� . . '�` this Security,;nstrument and shall contiaqs.ta:c��cuPY the Property as Borrower's rinci al resid�ce for at least one ear after ;�;�_,;�.��
<br /> P P Y ��� Y .
<br /> , , ' ��';��. the date�f occupancy,un2ess Lender ath�rn�ios.agrees in wriNng,which consent shall not 6e anmasonably withheld,or tttiless �r
<br /> � • •� � extenuating circumstanees exist cr:hi�ch a�hCyond Barrowei s canval. Sorrower shali not desuoy. damaga or impair the •�
<br /> -�- "_ '��•. Property. altanr the Pr+nperty to detec�cete,�¢r commit.�vaste dn the Prapeny. Borrower shal! be in deEault if arry forfeiture �����
<br /> � �r`' aaron or proce�ding,whether civil ar�ri�jr,�l,is begun_that in L.ender's good faith judgment caould resntt in forfeiture af L.'�.. _
<br /> •�� ,; —
<br /> ,;� - �,g:;�, P[operfy or otherwise materially i�tair thc lien created by this Security Instrument or Len�ee's securiry interesi. Borrosver m�y��.
<br /> :�' . .� � cure snch a defantt and reinstate,as prnvi�►Gd'+n pardgraph 18.by causing the actian or proceeding.to be disraissed with a rulin�,;:
<br /> , • . tirzi, in Iznder's good faitIi determia�tiorz,,,preclades forFeiture of the Borrower s int..sest in the Pro�rty or oiher m�t�rFa! �
<br /> `� . ,� , „ i.r,��irmen►of th�lien creaz�cf By th`s Sec,urity Inswmenc ar Lender's security interest.��nrro�vec shal)also bs in default�if ,r,.< �
<br /> �;�rowet.d�ring the loan applicatior�r�ncess,gave materially false or inaccurate i�►formatian ar stat�zn�nt�to Lender(or faiio�9 �
<br /> �_..� ; ,�., .,.i.��I ' tQ provide Lendes witb any materiaf infn:tnation)in connection with tlie loan evidenced bp�he Npie►�i��duding, but noi limit�i: '�� � � �'
<br /> ��' ' Co,•represeatadans canceming Borrowci s accupancy of the Property as a principal residencc. If thi&Se¢urity IrLatntme�tis on a -;�,�;,;, �
<br /> �"�"�'_,•=�� � ` � ' • T�sehold. Borrower shall eomply with�al! the pmv:s:ons of the lease. If Borrower acgujres Tee title to tha�,Qmpqtiy. the :4•:'�`.`�� �±•
<br />�—`'�'� � � i Yeasthold smd tha fee tide sha11 noi r_nec^�,,antess Lender aarees to the merger in writing. � -
<br /> '�;'..... . 7.Frotection of Lender's RfSGe.3 irs Ahe Progerty.If Eorrawer fails to perform the rovena.nts and agreements contained in - ' ��--
<br /> ' •e this Security•Insuument. or there 9s a l:gitl prooeeding that may significantly affect Lender's riIIhts in the Property(such as a 1�''
<br /> ".,,�-. ,. . t� •
<br /> ��{;,,�r::. � :. ,,, proceeding in bankruptcy.probate. fot-oondemnation or forfeiture or to enfores laws or regylutions).then I.ender may do and � �:�=
<br /> �°"��`�"° `°. '°`• � f o r w h a t e v e r i s n a c e s t o r�t r.c t t h e v a l u e o f t h e P r o e a n d L e n d e r's ri t s i n�t h d�P r a e rt . L e n d e r's a c t i o rt s '�'�"�"-'��'
<br /> � "''�' ..;�•�� ��I �Y P P n5' P� P Y ma3+ . - : }.�.
<br /> ` �:lude a in an sums secured h n lien which has riorit over this Security Iatuum�t+�i�pp�rin �n court, a in � `���''
<br /> 4-�`',�; � P Y g Y Y P Y g � P Y S " ..
<br /> � _`��i'_:- reasonabie attameys'fees and enterang.on the Property to make repairs.Although l,e�det,may�lalce action under this para�apb �"��.
<br /> {. 7.Lender does nat have to do sn. � .�'�_.�''r��•+ �
<br /> An am�r�ts disbursed b P S�P Y ' . {� ,L
<br /> •`f::; :c •:''.; F Y y Lender u�ruier this ara h 7 shall become additional debt of Borrower secured b eii�. �� ��`�'���r:.
<br />- - . '• b .;�;;_
<br /> '.��-,:, . Security InsWment. Unless Borrovrcr.anb Lender agree to other terms of payment,these arrtounts sha11 b�zar interest from,tk.e � . `�a'`:.,�°-
<br /> � .�ai�:�•.;_,,.,,:�. ti,,..�.
<br /> . ��,i,�;;•.. J� -• daie of disbutsement at tlae Note rate�and sha11 be payable, with interest, upon nouce from l.ender to Borrower requestin� � ��,4f�,;'�;�,. .. �
<br /> . . :�,,�.� -�� '- .
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<br />�t' }t.�,e..: " `r�: ' 8.MnrtgAgP Insusanoe.If l.ender required mortgage insuranee��condition of making the Ioan secured by ttus Securit�. ' �`� � l;�i';�'':.
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<br />�z3�-W;=-;.�-:5�;s�p, ��i Inmument. Borrower shall pay the pr:miwns required to maintain che mortgage insurance in effect. If, for any reasan, tiu: • � , .
<br /> . �,•.� • •`�1- mortgaae insurunte coverage requir�Gy LenQer lapses or c.eases to be in effect.Sorrower shall pay the premiums cecs�ired to ': � •
<br /> ,�,...:.•;• :-... o.., •
<br />_ .,���-•. ;.-r . �;°: a6GS:n covernge substantially equi•rs�lent:�o the mort�e iasurance previously in effect,at a cost substantially ey�uiv�le�s to the � ' �
<br /> _ ����w�:=��:;�. ` e.,�t to Eorrower of the mmrtgage inr:�ranc:e previously in�effeet. from an�Itemate mortgage insurer approved�y Lender. If •
<br /> `''•�`�'''"�� � � substansially��u;val•.nt mortgage insunnce wverage is not avail�ble,Borrower shall pay to Lender each month a sum equal to � � �
<br />� • ''��;n:.,.,•:t;. : , . , �'
<br />- �r�;';;��7:;"•',�:.?' � ' one-twelfth of the yeariy mortgage in.wrautce premium being paid by Borrawer when the insuraiuh:aaveragr�lapsed or ccased to , , ����
<br />��`��?, �"��" '` �' be in effect.Lender v�ill accept.usP und retain these paymenu as a loss reserve in lieu of martgage�•insurance. Loss rescrve � •,',,��'`
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