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<br /> � 3.Harwrd or Praperty Insurance. Bonawsr shatl kcep tho improv�menu►now ax�dng on c�reAftcr�rcctcd on tha Property �
<br /> � U�sured ngninsc loss by lin:,hw.nrd.g Inciudcd within chc term "eztcndcd wvcmga"und any olhcr ho•rard9,inciuding flaad.g or ! �
<br /> tinoding,for which I.�ndcr roquires insuranco.'1'his insuranca shalt bo mnintninod tn ihe ar�ounta und tor tho pertoc�ttu�t l.cndcr ( ,. ---
<br /> reqnires.'fha insumnce cArrlar providing tha insumreca shuU bo choscn by Horruw�r aubjat to I.cnder's appruvel which shall aot :
<br /> bo unreasonably withheld. It Borrower fails W melntriln coverago described ubavc, Lendcr may, at Lender's�p�on. obtain
<br /> . coverage to pmtect Lender's dghts in iha Prope�ty ln eccordanco with parngruph 7. .�;
<br /> pl1 insucartce policies and renewels shall b�s acceptable to Lenda and shttU lnclude a smndarct mongage ctause.Lender shaU
<br /> have the right to hold the pollcies and renewals.If Lender requires,Borrower ahall promptly give to Lender ail receipts of psdd �
<br /> �� premiums end renewel nodces.In the event of loss,Bomnwcr aheA giva prompt notics to the�nsurartce carder end Lender.Lenda ,
<br /> may maice prnof of loss if not mada prompdy by Borrower. y�
<br /> UNess Leceder and Hoimwes otheiwisa agree in wrIting�inauranco praceeds sfiaU be applied w restoratlon or repair of the .
<br />. propertyr damegcd,if the restoradon or repair ls e�conomically feaslble and I.ender's security is not lessened.If tLe reswrftdou or
<br />� , . � repair i9 not economicaUy feastbie ar Lender's securIty would be lesse�ed,the insivanco pr�oceeds shatl be applled to the sums �
<br /> secured.by this Securlry Instrument,whether or aot Wen due.with any wccess paid to Sorcower. If Boirower abandons the
<br />: Proge�ty,or daes aot anawer wtthin 30 days a no�from LEnder that the inaurnnce c�rrier has offered to seulo a claim,thea ` . ' �;�
<br /> Lender may collect the insurence proceeda L.ender may use the proceeds to repair or restare the Propeity or to pay sums secured . •-^ �'�
<br /> by this Secuclty Ins4-uuieui.whcth�or aot thea due.'!he 30�day perlat aill begin when the aodce�S gtve�n. � . _ _
<br /> U pnoceeds w priucipal shall not eateud or s �
<br /> . � Unless L.ender and Bortower othawise agcee in wrltia8�enY aPP cadon of Po� ,
<br /> tho due dete of the monthlY PaY�ts refeaed to in pa�agcaphs 1 aad 2 or ct�ange the amount of the payments.If nndea paragiraph . �.�
<br />: � ';i�'': " 21 !he Pcopetty is acqutrEd by Lerrder. Botsower's right to any Iasuiancc poUcies and prooaeds resutdng from dam�ge to the . .,.--
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<br /> , Propecty prior t�o the acquis[don shaU pase to Leuder w the extent of the sums secured by this Se�iuity Inawment immediately .. ..�;, . '4...�__
<br /> . � � rior w the acquisid�n. � : ` -a
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<br /> 6.Occupaacy Prresrxvation,Maiatenance and Protecttan ot the ProPert�'3 B01'I'OWCI''B I.OaA A�p1IC8�I0U;E.CBSehOldB. .•r.:% � ''��
<br /> Boirower shall occupy,establish,and use the Property as Bamower's prindpal residence within svety days after the execudon of i��;,;';�t. '_� `
<br /> this Securityr Insuument and ahall condnua ta occupy the Propcity as Homnwer's principal resIdence for at least one year t�fter the ;.�.�'�,;`�'. -~x��,
<br />' ' � datc Qf a_�cug�*�y, anless Lender otherafse eplees irt wridng�which consent shall not 6e unteasonably wIthheld�or unless
<br /> - �ceauadng�ircumstances exist w4ich are bayond Aorrower's cantrol.Boaowea stiall not desuoy.damage or l�mp�ir We Pmpe�ty, . ;
<br />- . � allow the Property to deteriorate.or commIt waste on the Prupeity. Bonowu si�ell be in dsiault if any forfeiwre acdon ar ' . �; ��. �;
<br /> � . procEeding.whether civil or criminal,Is begun that ia Lender's good feith judg�tent could rasult in forfeiture af tda Ptopeny or � ,�
<br /> , , othervv�se materlellY imPa�r the lien c�atad by this Securlty lnsuument or Lender's seatulty interest.Bonower may cure such a
<br /> ., defauIt end reinsmte.as pmvlded in paregcaph 18,by caus�ng the acdon or procoedin8 tn be dismissed witb a r�l i n g t h a t.i n ,� .
<br /> Lender's good faith detemnlnutlon,precludes forfeiWre of the Berrrnver's interest in the Property►or other mateslel impaicraent of ,
<br /> � the lien cxrated by this Sectuity Instrument or Lender•s seciuity�ntetest Bonower shell also be in defeult�f Borrowes.dudng the .
<br /> � loan appllcadon process.Save materially felse or luaccutate lnfozmadon or stateanents to Lender(or€ailed w provlde Leader wUh -.., :�:
<br /> , any materSai infom�edon) in cannedion wlti� �Ite loatt evide,r�ced by tha Note. including.bnt aai Wnitod w.repre.s�ulatiaas ..
<br />' .. oonceming Bormwer's occupaacy of the Praperty ag a principal restdence.If thiv Secucity Inshument ls aa�n leasehold.Bomnwer ����
<br /> . shall comply avith all the provIsions of We les�se.If Homawcr acquires fes dpe w the Prope�ty,the lea�hald and tha fea dtle shall ���
<br /> aat merge unless I.ender agroes no thome,rger!n wridag. �_�
<br /> 7.Protectton ot Lender's Rtghta in the Property. If Hon�owcr feils to perfom�tl�e aovenanta ead egreementa contained ia •
<br />- this Security Instn�ment,or there is a legal Dracoodin8 that maY �ni�candy effoct L,eader's rIghts in the Property(such as a . ;"�11h1:"!
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<br /> - psaxe�Ing in 6ank�uP�Y.1��foc candemnadon or fo�feiwre or�o enforce laws or reguladons).then Leader may do end pay ,:;�,�.
<br /> i� for whatever is neoess�7► to Protect the value of the Property and Lender's rIghts in the Property.Lender's actions may include `;��
<br /> „' ""� P�Y��Y�s secured by a lien whtch has piiorIty over this Seeuriry Instrument,aPP�AB in court, PeY�nB r�nable -_-_�
<br /> �, ue� auomeys' foes and entering on tha Propeity to make repairs.Although Lettder may�lce ttctton under tt�ie patggtaph�.Le:►der ,... z`��
<br /> � does not have w do so. ���
<br /> - .: Any amouats disb�used by Lender undea ihis paragraph%she�U become addicionai debt of Bomower secured by d�is Sec�uity . �
<br /> � Instnunen�U�less Boimwer end Leader agree to other tams of paymer►t,these amounts shall bear intaest from the date of , , �yy`°?
<br />" .. ." disbursement at the Note rate ru►d shall be payable�wlth interest.upoa nodoe from Lendea to Bomower rec1�8 P��� .
<br /> " � S.Mortgage Insnrana. If Lender reqWced mortgege insurance as a wndttion of maldng We loan secured by this Sec�riry - • �
<br />_ . Ins�umet�t,Hmzower shell Pay the premlums requital to maitttain ihe mortgage insutt►nce in effect. If.for any reason. the
<br /> - ° mongage insurance cove.r�e cequired by Lender lapses or ceases to be in effoct,Bormwer shaU pay the premiums required to ,. .
<br /> � " obmin coverage substu�t�ally equivaler�t to the mortgage insurance previousiy ia effect,at a cost substs�dally equivalent to the
<br /> - oost w�osower of the mortgage insurauoe Previously in effect,from an alternate mortgage insurea approved by Lender.If .
<br /> substantially eq�ivalent moitgage�urance covaage is not available.Barrower shall pay�o I.endea eac:h moath a sum equal to „ .
<br />= . one•twelRh of tho ye,�rly mortgage iasurance premium being Faid by Borrower when the insurance ooverage lagsed or c�eas�d to . „ ..
<br /> ba in effect.Lendex wUl aocepi.use and retain these payments av a loss reserve in llw of iuortgage insuzance.Loss reseive � .
<br /> Form SOZB 9l00 �� , .
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