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<br /> `"�`.�: � 3.Hs�ard or Pro arty Ineuranco, Horrower shell keep the im vamente n�w extettn or horeattor ere�tod on
<br /> :°�:�s��,�" ' the Proparty ir�ured egainot loss by tlrA,hnzerds includat within tt�o torra "exumd�d coverago md any uthcr h�tnrds. '�
<br /> �_�' tacludiag poads or flooding.tar whtch I.endar caquires insuranca.'Thie inauranco ahdl be meintainod in tho amounte `�
<br />;� ;--� aad ior t�o perlods thet Le�nder roquirce. 'I'he itis�aruice can�ter provtdin the tnaunnce ahell be ohosen by BottoNer
<br />="�"x�� subjes:t to I.ender's approva! �vhich ahnll not ha un�:+�nebly withheld.It�ttc�aer fells to mdntein covereqe de�cr3bed �`
<br /> �� above,Lender meq. at I.euder's optton�obteIn oovettgo w ptotact I.ender'8�i�t►is in the Property in acoord�oe wlth �
<br /> ��:� ParaB�°ph 7.
<br /> All lasuranoe poltc[es and reaewale ehell be aooeptablo to Lender end ehall �ncludo n etandard mortgage clause. �
<br /> - Leader ehell have the rtgbt to hold the policies aad renawatA. It Lenderrequlros, Borrowar ehall promptly �ive to �
<br />;�N';��`T Leadcr all raxipts oipnid prasn{ums aad renewal aottca.In tho event of loss,�onower ehall�tve prompt notice to the �
<br />__���� insuraaoe canier and Lander.Lender may meke praot ot loss it n�t re�eda promptly by Bonsower. -
<br /> --=�- Ualess Leader aad�orrower otharwlse ag�ee In wrldng,tnsuronce pmcead�eheli�e applted to resWradonor r �
<br />-�;. o!the Pro�erty damagod.ii the nstoratton or repeir{e awaamicaliy ia�Ible md Lender'e eecudty is aot leseoaed.I the
<br /> -_;� restoradon or repatr is:.oi�_�nomically feasIble or Lender's secuclty would be le�aned,the lneurauco gmcaeda el►d11�
<br /> -� applied to the sums sxund by this See�uur�ty I�strument,wMther or not then due� wlth�ny etcess paid to BonaWar.lf
<br /> =�' Bornower aban�as the Pmperty,or das not ar►ewer whhi�30 daye a aottoe irom Ixnder thet tt�e�nsuraaoo c�ra'ler hts
<br /> -- oiter�d to settle a cleim,thea l.eudor tnny coilcae th�iasurauae Proceeds. I.ender may use the proceada w eep�.ir or
<br /> - restore the Propert�or w pay sums eeaured by thts SeaurIty Inetrument�whether or not thea dua The 30-dsy par,iod wi�l
<br /> -y= begia when the nouc�a is given. �
<br /> --- Unless Leader and Horrower otheralse agcee ia writing,eny appltcsdon oi proceoda w prlacIpsl shnll aot ex�dor
<br /> ��� pastpnne the d�e date of the monthly pnyenents refoned w ia paragragha 1 end 2 or change ti�e amouat of t8o psyu,cs��,.
<br /> If uadet paragraPh 2l the Property is aciquire.d by Lendet,Horrowet'e r�ght to aay Iusueaace poltctes aad proceeds
<br /> — resultiag from duasge to tt�e Property prtor w tha aoqideIdon shnll pess to La�tder W the e�eat of the eurae secured by
<br /> == thte Securitq Insuo�neat immediately prIor w thoaoquielttaa
<br /> 6,Oceopaaaq,Pr�serv�tioa,Maiatenance snd Psotectlon ot the Property;Horrower'a Loaa Appliptlon;
<br /> Leaseholde.Bomower shall occuPY�estebllsh.and use the Proparty as Barmwer's prIuclpal reddenoe withia eIriy dtye
<br />--- eiter the eyecution of this Socurity Instrument nnd sLeli contiaue to occupy the Fropertyr as BonoMer's pri�►cIQal -
<br /> residence for nt least one year efter the data oi ovcupaacy.unless I,ender otherwise agroos ia�vcIting,whtch caaseat shtll
<br /> ---"- aot be unreu�onsbly w►thheld�or uales4 eateuuattng clrcumsteaces e�et which aro beyond Borrower's coattol.Bomower�
<br /> _- ' ehal� stot destroy,damage or impair the Property, 811ow the Pro�erty ta detetiorate,or oommit waete ou the Property.
<br /> , �$osa��ar ehatl toe in cicfaul¢Ii a�y lo��itura a�tian ar prcaedissg.rrheilxr dvi!us rr�mi�al.is b�gssn t.hat in��r's =
<br /> .��� g�o�i faith jndgmeat oould nsult ia!or[aiture oi the Propa�ty or otherwIse mntertel7y impair the Iten created bY this
<br />_ — Sauiitq IAatrumeat or LQnder's securttq interest.Horroaet mny aure such a detault aad tdnstate.�a previded in
<br /> � paragrapb 18, by causing the eatioa or proceedia� to be dismiseod with a rultng that, in I.ender'e good teith
<br /> s:;�; , det,eradnatton,precludes forteiture of the Borrower's iatarest ia tha Property or olther metertel Impsirmeat oi the liea
<br /> �-�— creatzd bq this Sccwlty Iastrument nr Leader's sxurity iateres�Borrower ehell also be in defaWt ii Bono�ver.dudng
<br /> the Ioau applicatioa process�gave maurially inlse or ineocurata iniormnttoa or etetomente to Iander (or isiled ta
<br /> . _', , pro vtde Leader with nny materlel intorasation)ia oormeatioa with tha loan evidencod by tho Note,iacludinp, but not
<br /> lienited to.npr�seatntiona concxm�ng Borrower's occupaacy oi the Property ae a principal resId�aca Ii thie Securlty
<br /> Instrumant ia on a leasehold�Borrower ehall vomply with aU the provisions ot the lase.It Hort+�wer acquit�foe ddo to
<br /> tt►e Pmpertq�the leasehold nad the foo title shall aot merga unlese Laadar ege+ees to she merger in wddag.
<br /> �.Protectioa of Leader's Ri�hts ia the P�oparty.It Born�wer taiis w pertorm tho covemnnte aad Rgreemeats
<br /> comc�i�ed tn this SecorIty Instrument�nr there ie s legal Pra�edin8 tbat anay slgnitIcandy atfaat Leadar's righte ia the
<br /> Pmperty (such ae s proccediag ta baakruptcq, probate, tor condemaadoa or iorteit�n+e or to enforee le�vs ar
<br /> ngulations)�th�n�render mny do and pay tor whatever is neceseary to protat the value oi thv Property ead L�eader's
<br /> dghte ia the Paztr�erty.Leadar's ecdope mep include paying any sume sxured by� itea wluah hes prIarIty over thie
<br /> Security Instrustiioat,eppearnn�ia court,paying reasoasbla nttarneys'ieea snd eauring on the I'roperty to mal�a copeite.
<br /> — Althaugh I.ender mmy take eatian uader ttue pnregraph 7.Laader das not havo to�o so.
<br /> Any amouam disbarsed by I.euder tmdet t��Ie pnragraph 7 ahell bxome eddltionnl debt oi Horrower securod by this
<br /> � Security Inatrumen�Ualess Borrower aad I.euder agrea to othor terme oi payment,tl�ese amouate shell bear taterest
<br /> icotn the date of dtsbursement at tha Note rata aad sliaall be payable�wtth iatare�t,tspon aotiee�from Lendcr to Bomoxer
<br /> - - _-� ro9ixeting P�Ymont.
<br /> 8.Mortja�e Inaursace.Ii Leader required naorsgago tnsuraz►ce as e condition of inekiAg the loaa seaured by this
<br /> Sescnrity Inswment,Borrower ehall pay the premi ums roquired to meintatn the mortgage insuranoe ia ei[ect.If,tor a�y
<br /> � reaspn, the mortgage inaurance coveraga tequired by Lender lapses or ceases to be ia eifeat.Barrower ehell pay tho
<br /> — premtuma requiead w obtaln coverage sabetantIally equivalent to the mortgage Insuranoe prevtouely ia�'teet.at a ca�t
<br /> - subateatielly ca�uivalent to the cost to Horrower oi the mortgage insuraace prevtously In eftect.tmm an altorpat,e
<br />---_= mortgage insurer approved by Lendec. Ii substaatialty equtvalent mortgage tneurance coverage is aot avellable�
<br /> _._ _ = Borrowar elull pay to Lemder each month e sum equal to onertcvaltth of the yesrly martgage insuraaoe pc+eentusu be3ag _
<br /> --=_= paid by Borrower whan tha insutance coverage lnpsod or ceased to be ia eifeat.Lender aill eocapt.use aad reta3a these -
<br /> ---== psyments ae a loss resarve Ia liau oi mortgage inauraaoe. Loss reserve payments may ao longat be requirod.
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