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<br /> S. H�sd or lkoperty Insurence. aorrower shAil keep thc imPravements nc�w exi�+dng ar hereafter crected on the '
<br /> property fnsured ogainst loss by �re,hazu`es i�u��wThi.� intiu.u�cc shall be mufntuinuinin he amounta c nd fo�rpthe cperlods
<br /> tloods or tlooding.for which Le �N �
<br /> ttwt L.ender requirc��nreasonnubl�w thheldr It'Hodrrawer f�ils to rnaintnin cavernge�des ribed abave�l.ender mc+ycrn� I.e�dei y
<br /> which shall not be u Y
<br /> option.obtain covernge to protezt Lender's rights in the Property in accordunce with paragraph .
<br /> All insurance palicies and tec���dhtenewals 1f Lenderrequires. B no clr s6nll prump`tly 8��pL�nd r nl��r�P�of
<br /> shall have the dgi�t to hold the p
<br /> paid pmmiiuns end renewal notices.In the event of loss.Borrower shall give prompt nolice to the insurance carricr und 1�e er. �
<br /> Lender may meke pcaof of loss if noi made prompcly by Borroaer• s Sh���Hpp����o restoration or tepuir of the
<br /> Unless l.ender and Borrawer otherwise u�ree in wricin$. insurance proceed.
<br /> property damaged.if the restoration or repair is economically feasible and Lender's secudty is not 1 h�;� �p1i��u het sums
<br /> repair is not econamically feasible or I.ender's secudty wauld be lessened,the insurance proceeda
<br /> secured by this Secudty I���in 30 daysca notice fromdLender thut the tnsuranca tcarde�h�offered ro se`ttte a claid�n,then
<br /> praperty,or does not answe or� pay��
<br /> Lender may wlicxt the insurance proceeds• LeTMder may use the proce�s ��WP�ibegincwhen che no ix is given. �
<br /> secuted by this Su:ur•ty tastsument�whether or not then due.The 34day Pi tion of roceeda co principat shalt t►o! exiend or ..
<br />— Unless I.ender and Borrower otherwise a�ree in wrlun8. a�Y appl P
<br /> postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 or ch�nge the omuunt of the payinenta. If
<br /> h 21 the Property is scqutred bY Lender.Bomowcr's dBht to any insurance policies and pr�eeds resulting from
<br /> undat paragraP
<br /> damage to the Property prior to the scquisition shail pass ro L.ender to the extent af the sums secured by this Secudry Instmmett
<br />— immedlmtoiy prior ta 3ge acquisidon. ��w�.'e �ApplQcallon=Leaseholds.
<br />— 6,paupw►¢y,preservaNun,Melntenance and Protectton of the Propertyi
<br /> Borrower shall occupy,establish,and use the Pcoperty us Barro�'er e Pnncipal resldence within sixry days after the execudon of
<br /> this Se►,-vrity lnstrum�nt and shall continue to accupy the Property as Barrow'�r's principal residence for at least ons year after
<br /> the date af oaupancy.unless l.ender otherwise a�rees in wncing. which conscnt shall not be unreasonebly withhe=d;mp�n��
<br /> extenuat�n� c(rcumstanccs exist whicb are beyot�s Sorr���'°��4. Rnrm Bo��r shall be in�def�lf eny forEeiturc `
<br /> p�,op�rty. allow the Property to detedorate. or commlt waste an the PropertY•
<br /> actton or ptnceecfing. mate all�im ai he lie csreated by this Secudtyrl trumen�e orjLender's securlty interest�Borrower maY
<br /> � property or otherwlse Y p h 18,by causin the action or proceeding to be d6smissed with a ruling
<br /> cure such a default and relnstate,as provided in paragraP � or oEher mecerial
<br /> Wat.in Lender's good faith detemunation. preciudes forfeitun of the Borrower's interest in the Propetty
<br /> impattxnent of the lien createdib�yithis S�s�a��n�y felsedor inaCcurn e informatton or stece����d�(°tflfailed
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<br /> B o r c o w e r.d u r i a�g t h e l o a n a p P P
<br /> to pmvtde Lender with any materiui tnformarion)in connecdun wi�h t�h�ea p�n�p�n�en�h If this 5ecuriry Insbaument i on a
<br /> to.reptesentetions castcernin g Borrower's occupancy of the Property
<br /> leasehold. Horrawer shall comply with ail the Provisions of the leasc. If Borrower �cqu ires fee Ntle to tde Propecty, the
<br /> leaseFtold and the fee tttle shull not merge unless Lender agrees co the merger ln wddng•
<br /> '��protection of L2nder's Rights tn t�e Pr�►perty If Borrower fuits to perform the rnvenants and agreements contafned in
<br /> this.Securiry Instiument.or there is a legal proceedin8 thai rtnnY eignificantly affect Lender's dghta in the PropertY(such as a
<br /> pmceedlns!n banlcruptcy.probatc, for oondemnation or forfeiture ar to enfonx Inws or regulations).then�a�td�s �oro�may
<br /> Qay for whatever is necessary to prntect the value of the ProportY nnd L.ender's rights fn the Properry• n in court.paYinB
<br /> include paying any sums secured by a Iten which has pdority over this S�urity Instn�ment,appeari S
<br /> �� reasoniable aaorneys'fees and en4ering on the Propercy to m1l:e repairs• Although I.ender may tako acflon under ihis para$raPh
<br /> 7.Gender does not have to do so. h � sh�ll become nddiHornal debt of Borcower secured bY �1►�g
<br /> � Any emounts disbursed by i.ender under this Qaragcap
<br /> __ Secudty I�� ment atlthe Note rate c+t►d�ahall be payable,thwith int restpupon1nodc fro�rt► I.ender`t Borrowersreqaesdng
<br /> date of disburse ,
<br /> payment.
<br /> 8.Mortgage Insurnnce.If Lender required nwrtgage imsurance s�s u oonditton oF msktng the loun secured by this Sec cy
<br />-- Instrument,Borrower shull pay the premiums required to mulntain the mortgnge insaranoe tn effe�t. If, for any re�n. �e
<br />--- mortguge insurance covernge requtced by L.ender lapses or ceas�s to be in effect,Horrower shall pay fne premiunas�p ced�
<br />_ - obtain covera�e substandollY�iueV nsutrancee reviously in effect�. f vmoa sllternate mortgage insuter�approved by Lender.If
<br /> -- cost to gorrower of the mortgag P
<br />__� substantiully equtaulent mortgage insurfu►ce cov,�e�i�b�ot av�(dab��������t e i s�c�ven+ge lap ed or ceased tc�
<br />�,�— one-twelfth of die ycarly mortgage tnsurance p n8
<br />• be in effect.Lender will uccept.use and retain these payments as �loss �eserve in lieu of mortgage insurance.��S9 go
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