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<br /> 8. �Ia�a�or Pe�opr�a'ty Ya�raase-�Eorrog'er sha11 k�P the improvemeu,ts notv existing or`hereafter ere�ted on the _
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<br /> .. .�., .Pro�ertY insured a�ainst loss by fue,darards inct�ded witIiin th¢temi eacteaded oover.�sge and•any other ha�ards,,iacluding . _
<br /> '�_F`,���' ;_ ° ,
<br /> � • flood�a.ttonding.for�vhicis Leader reqvires insu.rance.�'f'tlis insurance shai!he m�intained in ttte atnaunts antl for ttie pe�iods --
<br /> ` `.: ' tdat l,ender requires.The insurance carrier providing the insurance shal!ba cha�en by Bomawee subject to Lender's epprovtil
<br />�,�;��:-�' ti'' .`:: .`;>' whic6 sha�not be.atiraasonably vrithheld. If Borrower fails to'mainta�coversge describe�nbove. Lec:det m�y.at Leader'� -
<br />-;�,r .�� �. ' � aption.o�ftain mierage to pxot�t L�nQet's ri�hts in the ProperEy ia accordanc�e with paragaph 7. � � •
<br /> - All insaranse poa.iciss and teaewals sha1l be accepta6le w Leader and sball inclade a standard mortga�e clausr. L.ender
<br /> �� '`•��' ` 'shall have the�iglit to hoId the policies and rene�wais.If Leader reqtums.Bormwer sF�all promptiy give to Lender all receipis of � ` _
<br /> . .,,'.F,':' . Paid premiums and renewal notices.In the event o€toss.Barrower si�al!give prompt notice to the insuYance carsier and Lender. _ _
<br /> . '�,' �" -G- Le�de;ntay nrake�raof of lass if noi�de ro by Bgmnwer. _
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<br /> , :.��;- �Untess[,ender and Sorro�rer oiher�+ise agree.in writiag,insurance proceeds shall be applied to restoradon or re.�air of Yhe -
<br /> 4...:4�_:
<br /> ��`� Property daivaged,if the restoratio�}ot repair i�e+:onomicaity feas�'bte`aad[.ender's security is aot lessened.if the r�estoratian or
<br /> a
<br /> '��`�-s'`.. `_. t�epatr is no�ecwnamicaUy�tieasif�e or f�mder's saeuriry wonId be fessenYxi.tue unura�pr.�is sha3t i�a�-�ief E:,t�� - � _
<br /> ''�'�•''���. se.cured b this Sec�ui Y P�
<br />:�:;;i,�.� , r, • �r ty Insttumerit, whether or aot ti�en due. witl�an excess d to Borrower. If Bnrrower ab�ndoas the
<br /> ; � �t � Pmps�rty, or does aoi answer within-30 days a notice from Lender thai the insuraace canies has affered to seRte a ciaim,then
<br /> ,��:�:�s:-�' Lender rnay collest tIle insurance graceeds. Lc�ider may use the proceeds to repair or restore the Progerty or to pay sums ' ,
<br />_ ".`'i' � secured by this Secarity Iasinuaent,whether or noi then dne.The 3�-day period will 6egin when the aotice is giv.en.
<br /> _ _ ��-.'�: ••
<br /> ;;�;��.�"':r•. :�;'. Unless I.ender and Borrorver otherwise agree in wridng, aaY aPPliration of proceeds m grincipat sball aot.exte�d or -
<br />-.r:.`,.'�..__ ., y_ff ,
<br /> ---=''�,-�` :�`�� o ne the dee date of the monthl ents referred to in aragraphs 1 asrd 2 or chan the a�nowtt of the If _
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<br /> -- ;�;:��•. ��f.xx:�'.; � ander FazagcaPh,21 [he Property�s acqnired by�er,Bortowes's ri�hht to any ia�vranse policies aud pr+o�eds resuldng from =
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<br /> .a,y��.:�, - damage to the PmPe�Y PrEor w ths acqaisition shall pass w Lender to the extent of the saais sec�ir+ed by this Security Insuu��ent _
<br /> _ .�r. ;z;-:: immediately grior to the acquisition. _
<br /> ''�;�"` .��.�: ��f ' b.Urmpancy,Picserva¢toa,Mafinteaatice altd Pr+ut�tian of We PropErt9i Borrowes�s I.oan Applicat�on;Leas�tolds. ' _
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<br /> =`.'':=�'::�,,-f::`x�`. � Bc;sawer sh21!o. =:
<br /> ccvpy,establisL,aad use the Fropeetp as Borrower's prinsipal residenre�vithin sixty days.after the exerutian of
<br />.;'iTl7I"i,'{.:'_.�d._ n ' .
<br /> .. ....:._fhis�Seauiry-Instrument-and-s6a�t-conunue-to-aoaipy-the-Property-as-Borrosver's-principal-resideace for at-le�si..one ye�.after..�.....---.,
<br />"_7Y-i6��•� cx- ' . -
<br /> ''`�"1'_;'_:a__..�„`� ' the date of occupanty,nnless Lender otherv�:agrees in writiag,whicfl oonsent shaU not be unreas�nably arithheld,or utdess
<br /> =�::=�i�';�� extemiating circu�utanees exjst whicb aie b�yon�Borrower's control. Bor�o�ver shall nnt destraq, ' amaoP tlr uapair tbe '
<br /> .^:clp��j�:! '
<br /> __.,_.4�„_ ,� Ptnperty, allow the Pmperty to deteriorate,or coauis�t waste on the Property. �orrowea sbal!be in dafault if aay forfeitute
<br /> .. . . ,
<br /> -:�•:;',,��_ '" p c:eeding,whether c�t or c�ttal;is beg�m d�at in Leader s ood fattb t oould iesult in forfeiture of the
<br /> .... . 2ci:�,n or m S. ._'_ ' ..1��n-.- --_..- , �
<br /> --"'�`�.�`•� '� Propei4y or othervrise matezially.im;�ait We lien created by titis Secarity Iitsuument or Lender's sec�mty interesf.II'rs�inwer may
<br /> ---�- �:� -- - , p vided_in�a:agranh ia�6 c�vsin�tl�.acxion_or raceedin to 6e�ssedrsittt a niling-
<br /> }�'� �• ' cure such a defauit_and reinstate as_ to ' : Y- -P, $- - -- ---
<br /> -���:,� . - ^.that, in L.ender's good faith determination,prectudes forfeiture of th�lB�,�'"xawer a interest in tbe Property or other mateitai
<br /> -;'sF:'`_';:;�r , im��ixment nf the lien created fiy xlus Security I�suunt�:wx Leadet'•s'.r�anriity inte�est.Borrower�all also tse i�default i€
<br /> P }`r • BOICGI�VP,T�daring the loan appti�n process,gave mater`,�i'false or inaccurate infomaation or state�sms to L�`r(or failecl.
<br /> '�T.F:�''�`�+-;��'' : w rovide Lender v'tb an -m�'r,�infom�atiaa)in conilecrion wit6 the 19an evidenced b the Note,�ludin ,but aot liYhiteci
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<br /> -_='�� to,repmsent�tions conceming Rdi:rower s�aa�acy of the Property as a princIpal residence.If ttus�ecwrity InsUUmeni is on a
<br /> _. _ _ ,�:�. .
<br /> --�"`��''�`� lease4iold, Borrower shall eo ly with aii�z rovisions of the tease:If Borrower uires Sae��e to the Pro erty, the. �,'
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<br /> ." - ; teasehold aad the fes tl8e shalf�ot me�e anles5 Lendzr agrees to the merger in writing. .� .. , •
<br /> �Q�'°";'�'��� •'''�.Protecttun of Leudes�Rigiits In the Property.If Borrower fails to perform the oovenants and a�ments oontained in
<br /> -====--�d,� t�uf,?acuriry Instrament, or there•is a legal p�aceeding that may sigaificanUy affece Lender's rights in the Ptaperty(such as a
<br /> --�-�,�F.:i��;�,� praceeding in b�fi�-sptcy,probate.for condemnatian or forfeiture or to e�orce laars or iegnlatians),then Leuder may do acd
<br /> -- --_ - pay for wi�atevec.ls nece�ssary to pmtect the value of the Property and Lender's rights in�the Froperty. Lender's ac6ons may
<br /> -•-`-_ iaclude'paying any sums sP.cured,by a lien which has prior�ty over ahis Seauity instrument, appearing in court, paying. ,•
<br /> -------- . c��ei�abie atbameys'fees and entering on the Pragerty to make repaisa.Although I.ender may take�cction under ttis paragrap,� .
<br /> - - . 7,Leuder does nnt have to do so. '
<br /> - �. Arry aznnunts�disbursed by I.ender under chis paragraph 7 sha1J become addrS:�^.al debt of Borrow�r.swxted by this., •
<br /> Secunity Iast�rumeut.Unless�orrower and i.�der a�ee to other terms c�f�,�yment..t?sese amaunts a�zl��6ear interest from th� �
<br /> - � date'of diSbursement at the Note rate and s�nall be payable, with interes�, upqn aa'�from I.eiidie�.to BorroweF reqaesdng �
<br /> payment. ' • ' . � :. . • :
<br /> --_-_.� � 8.Mortgage L�vranse.If Lender sequired mortga€,�.i��urance as a wndition of inaking the loan sec�ned.t���3is Secnrity �
<br /> __`-� Insuument,8orrower shall pay tfw premiums reqnired to�r�:,�sain tt*.c.mortgage iasurance in effect. If. for��.,rtf zeason,.the .
<br /> --— . �rttort�age insorance coverage required by Lender lap�es or�eas�s to Ue�ir effect,Borrower shall pay the premiums required to,
<br /> �' J - o6tain ooveraae.subs4ant�ally oquivatent.to the mortgage insarance prec�ously in effect,at a cost substanttally equivalent to the`. .
<br /> -__— m�:*�to Bormtiver of the mortgage insurance previously irr..e�'ect,from an atternate mortgage ii�urer approved.by Leader.,If
<br /> ----= ' 'st��cantFally equivalent mortgage insuiance coverage is n�:�vitilable,Bormwer shFill pay to Lender each manttt�sam egaal to'
<br /> o��a�veiRt�of the yearly martgage insurance premium being paid by 8�rrower when the insurance oodera�e laps��`or ceased to
<br /> -- -__._= b�in effect.Lender will accept,use and retain thesepayments as a toss reserve in_lieu of.mort�r�.ansurence. Loss ceseiv�,
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