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<br /> �'� � �S. Ii�a4ed or Progorty Im�urtace. �orrawer ehdt keap the tmprovemeate now a�cletIn�or�AS����
<br /> tha Pro�erty iasurod sgBinat loes by fire,�az�rda iaoluded aithin the term"extended covenRe"aad uyy other 1uw�de,
<br /> --_ --___=_- -� incDuding tloods or iloodln�q.far which Lender requins Insuranco.T�IIB�OSW dI1C0 8�1CI1 b0 IY1dGiL�riOd�A tf10 nri1011At9
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<br /> --- — and for tae pedoda that I.ander raqairae.The it�surance curter pe�vIdia�the lrrsuruice ehall be chaeoa by I3orrower �
<br /> subjeat w Lender's approvd which ahall aot be une+eaeoaably withheld.u Borrorvar fails to mainta{a covera�e daearibod
<br /> � nbove,Lender may.at Lerider's option�obteta coverage w�rmtect Landa's rights ia the Propartg�ia accor�iance wlth
<br /> _ P�SmPb 7.
<br /> All insuraace poliaies aad renewals ehall bo acceptabla w�,eader ead ehaU iaalude a stendard snorcgage cl�use.
<br /> = Lender eball have the dght to hold ihe policies aad ronewals. If L.enderrequIres, BorroWer sheil promptly give to
<br /> —�—---_�� Lenddr ali seceipte ot�d p�remiums aad renewal aotices.In the event ot lor�s,Borrower st�all give prompt andce tn the - - -
<br /> insureucn carrier nad .I.ender may malce proof of lose if aot ncsade pmmptly by Borrower.
<br /> _ Unlcse I.euder and Horrowec atherwIsc ngroe In writing,iasutance proaeds eheU be epplied to restora�ton or rapair
<br /> — of the Property damaged,ii the restorattan or repair is xoaomIcelly ie�ibto and L�tder's secudsy is not tesseaed.It tho
<br /> restorattoa or repair ts not ecanomically feaeIble or Leader's secudty would be lessened,the ipsunaco proce�d�ehell b�
<br /> appliod to tha sums seaured by thie Socurity Insttvment,whether or not then due.with any escess paid to&mowor.IR
<br /> Borrower obandone the Pro ,or does aot answer aIthin 3A days s aotice iroin I.euder that the insut�nce carrier hes
<br /> � ofiered to settle e cleim,tLan der msy collect the insurnnce pracerds.I..andar aley use thep ta repair or =
<br /> ���,y�'`� resiure tha Property or to pay sua2a secuced by this Sscudty Iasavmeat,whether or aot then due.Tha 3�Q-d�y pertod wIll .-
<br /> __ :�� begin whea the nottca Ia gtven.
<br /> - �'"""'i'`''"� Unless I.ander and Borrower otheravise agree ia wdtia�.any application of proceeda to prInalpal ehall aot oxtend nr �-. .._
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<br /> � — postpone the due data of the montbly p�ymeate rafernd to inparagrepha 1 end 2 or ahange the amouat of the psymenta.
<br /> �' `�;`" If under aragraph 21 tha Property Ie acquired by I.euder� Horrower's right to eny iasurence policIes sad praceads
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<br /> _,Y" ' . resultIag rom damaga 4o tha Property prIor to the acquieitton shell pass w Lender to tha exteat of iho sume sxurad by
<br />-;;�;,�;�,y���.�' this Securlty Iastrument Immediately prIor to the acquisItioa.
<br />- " -A=� 6.Occupancy�Preservation,Maiatearace and Protectloa oi the Propertq; Bonowor's Laan Appllqtion;
<br />_:;`:�"'�-�. Lwseholde.Borrower shell axuPY�eatablish,aad usa the Propetty ae Bactower's prlaclpnl realdeuce within eIxty days
<br /> ='T:s�,:�;'.�• aiter the eaecution oi thie Security InAttument and ehell contIaue to accupy tho Proparty es Borroaer's prIacipal
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<br /> �., •�,L� ��� residanco tor at least one year after the date of occupsacy�unlesa I.euder otheraIse agree��a wr�dng,which consent ehell __
<br /> ,,: � x� , s�t be unressQaebly wlthhel�.or Ln!!�Ax�+�nlwting�:ir�t�maranceA exist which ere beyond Borrower e control.Borrowar ._
<br /> �t • ehall aot destroy,damage or impair the Property�allow the Property to daterIorats,or commit weste oa the Propertg.
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<br /> ��• ` �: ����-" 1.;u�, . Borrower shall be ia dafault if eay forPeiture action or proceeding�whethor civil or crIminal.ia bogua that in Lestder's
<br /> r.�.:;;;,:;':'�,:�">. :�� good faith judgmeat c,vld result in lortaitura of the Property or otherwise materially impair the lien created by thi�
<br /> '?��,;;,+f1�:ii�a� ° �•:. Security Instrument or I.eader's socurity interest. �orrower mny cure euch a default ead reinatate. es providod ln
<br /> :� {�%=�' - paragcaph 18, by c:►using the actioa or proceedIag to ba dismissed with a ruling that. in L.ender's good faith ____
<br /> ' ''�`��{t" `� � datsrmination,precludes forfeitureof the Borrower's intereat in th� Proporty or other materlel impairmeat of the lio�a '°
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<br /> �„,,15�.- .�,.��.. created by ttue Secudty Instrument or I,endor a secudty iatereat.Borrower ehell elso be in defuult if Bonower.during �`''
<br /> :�.,:;�.--:,.yy,.. . tha loan applicatton process. gave materielly 4alse or inaccurata tnformetion ar statemeats to I.ender (or fatled to
<br /> -_;,.;�r„�.:,;.•r�. . provida Lender with any material information)in connection aith tho loen evidencad by the Note.iacludiag�but ant ����
<br /> ��:::•,tt�;,;r..K."� limited to,reprrsentation6 coaceraiag Bonower's occupanay of the Propecty as a priaaipal residence.If thie SecurIty ��--
<br /> ' '"" ' In�trument is on a leasehold�Borrower ahall comply dith a11 the ptovisiona of tha leasa.If&,rrower acquirro fee titleto �'�
<br /> �:�.-;:t%<:��.w..` . the Property,the leasehold aad the fee title shall not nserga unloss Lender agrees to tha merger in wrltlag. g���`
<br /> _��`-�'�x'��'`' '�`� y. Proteetioa of Leader's Rlghta ia the Property. If Borrower faila to perfarn thc covenants and agreements
<br />—r`'"�'`�''%:�.',';ti;, conteiaed in tlus Security Instrurnent.or there ia a legal proceedi�g that may aigniftceatly efiect i.ender's righta ia the �„
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<br /> - . ,,,.7 Proparty (such as a proceeding in bankruptcy, probate, tor coademnatioa or forteiture or to eniorce la�as or r:^.,.
<br /> �',':?'��`.;,�i�:;��"'' regulations),then Lender may do ead pay for whatever ie ne�eary to protect the value of tha Proparty aad Lender's �:
<br /> . '`�;��?";:''� rIghts ia the Property. Lesider's actions may include paying any aume secured by s lien ahtch has prIprIty ovet thi� �=`:
<br /> _ Securitq Instrumeat,appearing tn caurt,paying reasonable attomeys'tees end entering on tha Property to maka repaire. �;�'
<br /> �� � Although I.ender may take actioa uader this paragraph 7,Lender daes not have to do ss�. ;,.;�:
<br /> ��` ' . Any amounss disbursed by Lender under this paragaph 7'shtsttl become additiunal debt of Bonower seaured by th�s
<br /> `��-'�� �• Secudty Instrumeat.Unless Borrower and Lender agre�s to other terms oi paymertt� these amounts shell bear intereat - .
<br /> "' ``��� irosn the date of disbursement at the Note rate and shall ba payable,with interest.upon notice 4rom Lender to Bortower
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<br />:�:�::":'���-= �r,� requesting payment.
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<br /> ,� , ..„ .` ,�'�� 8. Mortgage Iasurance. It Lender required mortgege ineurance ss a condition of making the loan se�ured by th[e
<br /> �: � n- Security Instrument,Borrower shall pay tha prensIums required to maintaia the mortgage insurance in effect.If,for any �
<br /> • � �"� reason, tha mortgage insurenca coverage required by Lender lapses or ceases to ba in effect,Borrowor shall pay the
<br /> .. ...�_ "� . premiums requtred to obtain coverege substantially equivalent to the mortgaga insuranca previnusly in eifect,at a cost �::.
<br /> ' =�•=?�':.� aubetantielly equivalent to the cost to Borroaer of the mortgage ineurance previously in eife�t.tcom ea alternste �;';:;;:"
<br />:���,, � . ��, mortgage insurer approved by Lendet. It substantially equivalant mortgage zneurence coverage ie not aveilable.
<br /> .. .. � Borrower shall pay to T,onder each mr�nth n sum aqual to one-twelfth of tha yearly mortgage insurancFr premium being „
<br /> • paid by Borro�ver when the insuraace coveruga lapsed or ceased to be in affect.I.ender will accspt,use and retain these
<br /> •. <w� paymer�ts es a loss reserve in lieu oi :nortgaga msurancs. Loss reserve payments may no toager ba required,
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