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<br /> � �: �; S. H�zard or Peop�rtq Iusmanee. Bomower sball keep the iunpmvements now euisting or hereaRer erected on the
<br /> - � : .` . .`�:?s, ProFerty iaaued against loss by fve. hazards insladed within the term °euended coverage" and any other ha7ards. inctuding ;t 5"���
<br /> - •,�''`';'�.�`. floods or flnoding,for which I.�der requires ins�uance.T6is i��.��ce st�all be ma�ntamed m the amou�ts and far the p�tods ,�..;�.: r�
<br />- _.;co�._�.ict:kii•^c '�c-,a::�'.
<br />`.�`,:..:�:`4``,s''sE' �I,endea re�ires.l'hC:im�uanae qrr'ser ptaviding t h e ins�rance s h a l t be c 6os e n b y B o c ro w e r s u b i e c t t o L e n d e r's a p p m v a l ;�,�.;;;.4''
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<br /> . °.,�::�� ��' whicb sttall not 6e ur�sonably withheld. If Borc�wer faits to maintain ooverage descrtbed above, Lender may. at Lemder's -. «_:--.
<br /> �,.�.;`�,-_i- -4'-� :.�•x.:__.
<br /> �,.L _�. aPteon.obta'sn oovecage to proteet LEnder's righu in the Proptrty in aoco�dance with paragrapb 7. �
<br /> pit iasor�nce policies and renev+als shail be acoeptabte to L,ender and stiall inciude a standard mor[gage clause. I.ender
<br /> �.;
<br /> '�` , R , shall have the right to hold the policies an�reaewals.lf Lender requires,Bmrower shaii promptl�+give�Le�r all rec�prs of - 4`.�+S
<br /> 1� l �:
<br /> _f��.:�:�:�,'.��- paid pr�,�s sIId neaewal aotices.In the event of toss,Borrower shatl 8ive Prampt notice to the ins�x.'�ce carrier and Lxndca. _
<br /> `�:�r ` -• .l,e�cder�c�gnaof af loss if not made PmmptlY bY Borrower. '
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<br />-'� ~".;'�, tlnlcss Le�td�r a33�prrowec othenarise agree in writing,insuzance proaaeds shap 6e applied W restaratiou or repair of the ;:��,... ;
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<br /> _aC�C°'r,.`ti:-t.-,-: �.�.j': . .., .,.
<br /> �.�.-���.•.,-..: ..;: ProPetty damaBBd,if s3�restoration or repai:is eaonomically feasfble and l.eader's seciuity is not lessened.If the restnration ar •;4.;�-`-,,��
<br /> �._-_r..;.,.,..,.� shailbe liedwtheswns ��`.�.;;:..
<br /> � ; �`s repair is not economi�aity feass'b:e vr L.ender's serurity waotd be tc.ssened.the instuance proc�eds ap� ,,
<br /> ' `�� � seaired by this Sec�irir Iasuumeat• whether or not then due. arith airy access paid to Botrower. If Borrawes abandons the `
<br /> s.<f�.. Ct � .,:
<br /> - `4 Ptopeay,or does not ansaer within 30 days a norice frora Lender that the iasuraac�canier das offered to settle a ctaiim.theu
<br /> S iasuraac �.:
<br /> �� � Lendet may ooRect the ins�uance pmceeds. i.ender may nse the proceEds w r�sir or nstorc the I'rope�ty or w Pay swns � 4 _
<br /> � ' u _ "' secured b this IaStniment.wh�her or not tfi1en due.Ttee 30-day period wiU begin when the nodoe is given. •
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<br /> -:`-.:�;'�`:s`'`�� UnI�ess Lender aad Borrower otherarise agree in wriang, enY aPPlic�tion of praceeds to principal ahall aot extead or .i:::�r., ;
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<br /> . � post�oae the dae dare of the montb�y paymenta referred to in paragraphs 1 and 2 or chang�the amount of the paymet►ta. If -:a,.�
<br /> ~`:�`;`-"�c�' ��F�S�Ah 21 the Property is acquired by Lender.Botrower s r�ght to aay insu:ance poiicies and praceeds resulqng from ,t.::;.,.
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<br /> Q=� �>;� damage to the Pnopetty prior to the acquisidon shall pass w 1.eader to the extent of the sum4 secured by this 5eairity Insuument :
<br /> �' i ` ��Y D�or w tke arqaisition. �`
<br /> �` `: ',� ; 6.t7aeopaacy,Ih+essrrvatEon.MainRenance and Prot�ton oY We ProperiY:Borro�er's i.oan Applleation;Leasehotds. ",
<br /> :,s�;4;•.:-<,�.<< as Borrower's residence within si�cty days aRer the euecution of °
<br /> - ���„�• ;�:,:�<<� Borrower shall nccupy.estahlish,and nse We FropertY P��P� :;���"<
<br /> � .li,�.. • �
<br /> .�,,;.c '•"'�.�:� thIs Securiry lastrumeat and shalt oontinue w occupy the Property as Borrower's p:incipal resideace for at least onc year uftcr �.:�`•,:-.:.
<br /> - the date of ac�pancy.unle�I.ender otherwlse agrees in writing.which conseni shail nof be anrrasonably withheld.as ontess k;``�"
<br /> �„ ._f.:.. ,.1..
<br /> � . e�cte�g ciraunstances exist which arc beyond Horrower's oorurol. Borrower sbail not d�y, damage ar�t�air tite +-
<br /> °_ _ ,. '�F� � _Ptoperty. altow the Prope�ty to deteriotate. or commit waste on the Property. Borrowet shaU be in default if arry forfeitare 5
<br /> `.-.:- :.Y-;.�. • act�on or ptucee�ling,afieiher clvi!or cri�inal,is begun that in Lender's gaod faith judgme�rt c�td msutt in forfeiture of the
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<br />_ �,.'�= pmyerty ar othcrwise materially ia�pair t6e lien crrated by tt�s Secauity lnstniment or Leacter's se�auity interest.BoYrower u�ay ��-.
<br /> ait�suc6 a defaalt�d rein�tatc,ag pmuided h�paragrapb 18.by causing the action or pmceeding to be dismissed with a tttling ,
<br /> �,:,. ., .._ � Q a ,.;�:-
<br /> ;,L``` � `' that.In Leader's gooc3 fatth determination. Prectudes forfeitace o€the Sorrawer's intetesi in the Pmpeaty or othet mateaal ,5;.
<br /> ;;�{.`� `:��k lmpairment o'�the t�created by this Sesurity Instn�ment ar I.eader`s security interest. Bosrower shall atso be fia default�f �"t;: .
<br /> � . � �?. , Btirmwer.daring the tuan appHcation pmcess.gave materially false or inaxorate iaformatioA or staternents w Lender(os failed . '�,�.
<br /> .� _ . :-
<br /> ��w.�,,a•,:,;-�---:, , to pmvide Lendeg whh any matcrial infonnatton)jn wnnectian wltb the[oaa evideacxd by the Note,indading.bnt nat .z t,��;'
<br /> :��:.;r.,u,_ residence. If this Securlty Insuumart is�a "•�:'"_"
<br /> .. , r w,represer�ons concerning Borivwer's atxuPan�Y of the Propeny as a psiacipal N ,�f;
<br /> .•_.-• ..:.f,.:r:: ; leasehotd. Borrawer shall comply wlth atl the ps�nvisions of the_lease. If Bosower acquires f� tisle to the Properiy, the r�
<br /> ,T �',� ._� teasehold and the fee Htte shali not merg�untess Lender ag�es w[he merger in writing. • i'-.:
<br /> � ` . �.::'
<br /> ��,-- -� � 7.Prutedtoa of I.ende�s Rip,�►ts in the Pruperiy.If Borrowet fa�s w perform the rovenauts and agreemeats comalned ia ;+`.yV=
<br /> . �,.__ ..., �
<br /> _. " . ,��:;:: rr� this Security Iasonunent.or the�e is a lega!prooeeding that rnay sigmfccandy affiecc L�der's rlghts in the Property(sach aa a
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<br /> < ' � `' P�ing in ban6ardP�7+•P�bate.for conde�nnation or fo�Feit�ue or to enforce Iaws or regu�la@ons).then Leitder may do aad � -
<br /> �� pay for whatever is aecessar�t to protect the vatae of the Proyeriy and Lendet's rigdts in the Properiy.LQnder's ac.tions maY If' �
<br /> ' :.I..�;.�..4:. "_ .
<br /> �:;:�;�:_''�'�;°�:, incinde payjng anY sut�serured bY.a liett which has prtotlty over this 5ecnrlry Insbama�t,•�p�n8 in oouti. PaY�g . . _ ' _
<br /> r � � �.
<br /> ,;: ,,,.: reas4ttab2e attomeys'fees aAd�g on the Property to make repaits.Althoagh Lender may ta�e actIon undet tUis Faragrapl� �
<br /> °;,:� ;:,...;:.;,�;' . 7.Len�derQoes aot have to do so. ��.-----
<br />::;;�.r:.. :�:;r;�:�._.; . ,Aay emoalus diS6IIrsed.by LCndelr urlder ttlis peia$raph 7 shail beCOtue 8ddili0nal debt OP BOlroweT &ECUted by dd4 %�"' ._-
<br /> �_.-
<br /> ` :,, �,.` Secmity InsmtmeaG UNess Boirnwer and l.eades agree w other terms of payment,these atnonnta shatl beaz ime�t from the =
<br /> �:>.;`;��.;-:�-'.:.:'r: date of disbarsem�.mt at the Note rate and shall be payable. wlth inteRSt. npon notice from Lender to Bqrmwer requestin8
<br /> . . .. .:. '���: ment. �
<br /> , , �'�'.', peY :
<br /> `:;-J=:��.,�;s�.::=-. 8.Mortgage Im�araace•If Lender�+equired mortgage insurance as a candition of matang the loaa sec�ed isy this SecurIty . �''�L'_
<br /> °.;:::,..;,..- .r - -=
<br /> ..f.t.� ___
<br /> .�, . Inswmea�t,Borrawer shall pay the premiums.reqnired ta maintain the mortgage iasuraace in effect.If, for m�y reason. the • �
<br /> s-:.
<br /> -; � r : . . mortgage Insnrense caverege r�qaired tsy Lender lapses or ceases to be in effect.Borrower ahaii pay the premiuros required ca -_
<br /> •.`.`i: obisin coverage sabstmmtially equivalent to the mortgage insurance prevlously ln effect,at a�st substantialty eqah+atent w the. ,i`..�':
<br /> ��. cost ta BonoweY of the mottgage insutance prev l o u s ly in e ffett. from an atternate mo rt g a ge 9nsurer appraved by l�ssder.if ;;
<br /> .. - ��'' snbstantialiy eqeiivalent mortgage insurance ooverage is not availabte.Bo:mwer shall pay to Lendes each month a sum eynal to � _�„�;�
<br /> ,,��;7.,. -._;�; oae-twelflb of the yearty mortgage ins�rancc premium being paid by Bornower when the insuranoe coverage lapsed or ceased to :.�-<<;�
<br /> -,:.`:`„.,;c be in effect.l�r wi11 aocept.use and retaln these payments ac a toss reserve in lieu of mortgage insuranse. Loss reseeve :',,,.
<br /> - - Form Sd28 9(90 '� :�.�
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