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<br /> 5. �or P[aperiy in�arance:Borrowcr shall.ke2p t�e improvemeata naw existiag or heneafter erecteti Qn the � .
<br /> � property insurea!a�ainst loss by fue. h�s ic�tud,ed�vithin t�e eerm.•extcnded covesage`and any other Aazards,iactusting
<br /> ftoods or flooding,for w6ich L.ecu�r t+eQt►ires insuruns�.This insarance s9a91 be mvntait�d in the unn�mts aad for the periads
<br /> -- tit�c�nder�ce��itI��T':l�,�;s�ssr��~a*i�r-�Qviding t&�insar.�nce�.b�chasen by._Borrower subjert to I.cndet's aPPm� -_- —
<br /> '.! s�s
<br /> � w l u c 6 s h a l t not(�:unreason�bty wittFtietd. I,f Barraner fails to�aiatain aiverage desrr�6e3 above;��Y�`�'' .
<br /> n�tlon,abtain covera�e to protect Lender's rights in the PropertY in�idanse with paragrap 6 7. � __
<br /> � All insurastce poii:ies ond renew�ls st�l1 be�cc�ptabte to t�er•aud sftsh i�ciuQe a sutn4acdea ort��r���af
<br /> sl�ill have th��1�ht to hald the p�lictes uad cenev�s.I����'go�Oaer shaU pramA�Y gi .
<br /> gaid premiums and renewal�rioes.In the event o�toss.Borraarer sball gi�s prompt notice to t0�insusanoe carrier aad Iander.
<br /> l.euder m�y m�tce proof af Eass i€not.Qiade pmmptty by 8ortower. � of tha
<br /> ti
<br /> si�ai!6e applied to resto�i�a or regair
<br /> ` Elatess I,en�,°r aad Borrower otherwise a�ee ia vrriting.ins�Proceeds
<br /> �rEy damagod.if the sestoration or repair u econamically f�ibie and E�ender's securitY is nots shall be xpPli���sums
<br /> rzpair is not economically fe�e or Lender's secvritY woutd 6e lesseaed,th�iasnra�praceed .
<br /> secured by this 5ecurity It�tn�ment. wliether Ar nht th�en dae.�++ith aaY excess paid ta Borrower. If Barmwer ab�doBS the �
<br /> t�roperty.or does Rot answe�within'30 days a notice from I.eadet that the!nsurance camer�S offered to settle i��
<br /> I�ender may'collect the insurano�prooeeds. Leniier ainy a�e tlte pmceeds�to repair or r�stare the Pc+oF�Y
<br /> secured by this Se�urity Instrumenb whNl�er or aot'ahen due.'�te 3adsy Period will i�egin wiien the u�ce is given.
<br /> Un�ess Ixnder and Bo}row�r otheravise agree in writing,any applicaRion of prnoe�ds m priucipal st�al! not eate��
<br /> Pustpuae the due date of the mmnthlY Fayasents cefcrred w in p�graphs 1 aad 2 or change the amount of the paYmeaLs.If
<br /> 21 the l�royerry is acquu�ed 5y Lender.�rrower's right w tmY insu�ance p°ucies and proceeds r�snit�g fmm
<br /> - under�h tcon sitaEl ass to l�ender w tt�extent°of the s�uns scact�nd by this Se�uitY Tnstrument
<br /> dam�,ge to ths Pmperty Prior to the ctcqmisi' P . . ' ,
<br /> ima�ediately prior w the acquisition. .
<br /> 6.O�psncY,�'A�II+�inteuaa�e an81'ratedIon of t6e P�vperty:$orrawer's Loan Appticstton:L�s�•
<br /> Bom�wer shall ocaipy.esablish.a�use tIie PropertY ss Boaower's princip,al re.sidence within sixty daS+s after ths axecutioA of
<br /> . dus Security Immiment arxl sha91 wnt�e to occapy the propeny as Borsower's pimcipal tx:sidc,nce for ai�lea�t une ye�r a�er
<br /> the date of oocapancY.n�e.ss Leader othetwise aSe�in�vriting,w6ich conseat shall aat bc uaceasombly witLheld.ar unless • .
<br /> extenuat�ng cirwunstaas�s exist whi�aze heyontl Borrower's cu�mrol. Iionso�wer shall not.destroy. damage or impair Ehe � .
<br /> pca�er�y.aflow the Praperty h�detcriarate.or commit wasse on die P�opeRY.Borrower shaDl6e i�►default if any forfeit�+e
<br /> action ar pioce�iag.whether civil�or c�rimit�al,is begun that in L�endet's gaad faith,j¢dg�ent+�antd result.ln forfeitnie mf the
<br /> . prqperty;ar otherarise matetially impair ti�e liea cieated by this Securiry Imstrumeat vr Lender's ser�uity inte�es�.Bormwer may
<br /> , c,urr.s�a�defauIt and rewstate,as peovided fi P�ragraPh 1$.by wusing the action or praceed.ing to ba dismissed vrit�.a.raling
<br /> that, in 3;enc�e�'s good faith detertniaation,Precludes forfeitiue�of.the Borro�ver's int�msc in the ProPertY or oWer materia! '
<br /> : imp�rflnem of the lie�,ereated by this SecuritY IasUuutent or[.endei's sa�sy interest.B°rrower shall also be m default if
<br /> • Boirower,dutiQg We l�an appliption pracess,gave materially false or ina�e itd'o�m�ion or sta�emetits zo�Lendas(or fa�ed
<br /> � to provide I.ender aiih any material informiatian)in conr�an wrth the toan erid�6y the NIote,iucduding.but not tiffited
<br /> . to.repr�n�tions conoetning Barrawer's oocupancy of the Praperty as a pr'iacipal residenc�.If this Sec+�riry Tnsrorametit cs on a
<br /> _. �42setwld, Borrower:sttaU rnmoly �erith all the�rovisions of the lease. If Borrower asquires fee tide to the Propoity, tt�c
<br /> Ieaselmld and the fee tide shali nct'merge uniess l;s�der agrees to We a�e�`in wri�mg---' " ' .
<br /> ' � � ?.3'eMedioa u�•1.ender's Rigkts in the PitHpesty-If Boaower fails to perForm the covenants aad�agrttmeirts cont�inod i�s. � .
<br /> this SecuritY Inswm�ent,or there is a legal praoeeding that�ay si�nificaalIy affect.l.ender's righis in th$Pmpp2y (such as a
<br /> ' , p�j��p�pt�y,pmbata�''Fur oondemnat�on ot farfeit►ue or to enforoe laws or regulations).thcn Lendcr m,�!do at�d .'
<br /> . pay for whatovei is u�acessarY LQ[ltiil'ecc the vatue o€d�e Pmp�rtY.�nd Leader's rights in the Pmpexty:1Lender's ac�fr�ns av►y
<br /> ��'�`�� inclade paymg any su�ns secured hy a tien �vIuch ims priority�over this SecUricy t�,c�r�.nt. �p�i°S m amat. P�Y�B .
<br /> . reasonable attomey�;�.�s and eatering an the Fta�xtty to anake repaus.Althaugh Liendcr may take action under this paragapD �
<br /> 7.Lcmd�r does not hnve to do so.' � . • ��
<br /> ' .�.,��,���m��•a dlsbu�ed by L,ender under ihis �atagMDh'7 sha1T beoome additionti�,�debt of Borrower seau_�1.,'.bY tIus :
<br /> Sec�uitjr instrument.Un}ess BPrrower and Y.ender agree to other terms of paymeat�,a�a.;a�ai,u��.a��-::�����„
<br /> - c+a�of�is��cnt se tt��.N.o:e s2ze��]s'�nl�•.!�oayat�te. witb inteares� unosl aa4ice.from Lender to Borrawl,�'re�N�B �
<br /> t�;:'°`�` PaY+.'�n,.t• " . . ..I', . , • .
<br /> . � ��8i:'�iort$age Msorance.Yf I.ender requited mortgage insurance as a oo�didon of nra�8 the toan secured bx,h�is Security
<br /> Ms �
<br /> . �as4��• Bormwer st�all pay tke premiums nequit�to maintain the mortgage ir�urutce in cffcct. If.'for a�X�._��snn.the .
<br /> ' iqortgage.insurance wv+erage reqaited by Lender tapses or ceases to be in effect.B93mv��c sha11 p.ay the premium�ie�luired�to ,
<br /> obtain wverage su�eGUitialty equivalent to the�tprtgage insurance previous�•in effeec,at a unst subs4antiatty equivalent W the •.
<br /> mst to Bomnwer of th�e awrtgage ins�e Pir:triously in effect,from an:RIiemats rriortgage insurer a�groved by Lender- if..:',.
<br /> substantialty eq�vatent mortgage iasu:at►oe coverage is aot 3vaita4le.Eortdwer shall pay to Leader easf�,month a sum egual ta •,.',,.�
<br /> one-taclfth of the yearty raortgag�insuranoe premium being Qaid by Bomower when t�e ir!surdnoe wvetage lapszd os+ceased to .
<br /> be iu effe�.Iender wil!acoept,use and retain�hese payments as a Ioss resenre in liev aC�mortgage insurance. �►ars�reserve
<br /> � � Fann 3828 9t9a .
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