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<br /> ��� ` S. Ba7atd or Pto�ery I�noe. Borrflwer shall &�the improvemeats now exisring or he�eaRes erected on the :: -
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<br /> a�z t'.�. <m<,; praperty insured againct�oss by�ce.i�axards inctude3�vId�in t6e term"extendod ooverage'and fmy ather harasd�.iacludiag � � .:
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<br /> -4�`,` .���;��'<�� Roods or Qooding.for whicd lxnder r�tires insu�aoe.This iasurance shati be maintained in the amounts and for the geriods �.-,;-::
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<br /> - �. that I,ender requi:e5.'fhc instuaAce carrier providin�ttte iQSUZance shatl 6e chosen by Bomower subject ro L.en$er's app ... ��
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<br /> F � �- wi�ich shail aot 6e umeas�imbIy arithhetd if Borrower fails w maimain ooveiage descn'bed a6ove. Ieader may.at er s
<br /> � _ ''� opiioa,obtain oaverage w protect[.eader's rigfets in the Pruperty in a000rdance wrth�ragraph 7. �` :
<br /> :,_"L�.,:.,!�.s. �. Atl insarancc Poliaes aad rme�vals shatt be aocep�abte m I.ender and shaji incfuck a s�iard ma�cL�ae. L�ssdac (����'�
<br /> -- �=- s�al!tsave the r i g h t to hofd the aolicies and m�wFils.If Ixnder requirzs,Bo�tuwer shall promptly give to L�der a!l roceipts of '
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<br /> ,�' ''; � :� paid Pneaniums and reaewa!aQtices.In the event of loss.Botmv�+er s6all give prompt notice to the insuranoe carrier and Leader. �
<br /> ��
<br /> .._` u�, Lender m�y make pmof of tass if aot made prou�ptly by Bormwer. <<, .:
<br /> t.. "�1'' 1inEess Lcader and�onower otheiwise agree in writiUag.���noe pnppee[Is s6s11 be appl'ted fo�es[otahon oi�tt of�tie °�•<Y;h
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<br /> ``�=""� dama�ed.if tfle reswraaon or is economicaUy feasibte aud Lender's sewrity is not iesseaed.If tde�oratinn or
<br /> r�� �_� �,. Pmpeaty �p� t�';.:
<br />-'�-:'�;;r s�;'� `_:. repair is not eronomicaIly feasbie or l.ender's secarity wouid be lesseaed,the iasurauce�Sraoeeds st�all be applied to!he sums .-
<br /> , �� '�„ : secnred by dus Sec�rity[nst�ument.wh�her ar not then dae. with arry excess paid ta 8orrnwer. ff Bonov�cer abandoas the ,l :
<br /> • :•h `•.• propecty,or does not aasHrer within 30�ays a notice from Leoder t�at the iasu�ance carrier has of�ec�to settle a ciaim,t�a . .
<br />- '```:�.�:;:�' ��'- I.ender may coltecx tt�e iasurance pnaoeeds. Lcadea may nse the prooeeds w repair or restore the Property or w pay sums :�:,
<br /> �� '� �.�;' be�a�by dvs Se�rity Iast�mw�t.whether or not the�a due.The 30-day prxiod witl begia whea the nntice is given. {"";
<br /> '.`" s>-•=-:''`�- Unless Lender and B�+uwer atherwise agree in writing, atn+ aPPlic�ion of pmceeds to priacipal shali not exte�d or
<br /> �. +� _. posipone tAe Gue da�of t#se mondiiy�refenzci to in�s ! �2 ar dta�gc ske'smounL ssf the�. Lf
<br /> .`. . E;=. � � under g�agraph 21 tHe Propect3+is aaluired bY Lender,Bormwer's right to any insuiaace policies and pmceeds resaiting fmm 1. _
<br /> .,. _?.;--
<br /> . .. - - ��;;" daznage to the Frapeay prioT w the acqnisition shall pass to.Leader to the exteat of the sums secarrd by this 3ecutity I�t �
<br /> 'tM:-=- _ . .
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<br /> ``r. "'y `" �' immediate►y prior to dte acqnisitian. . � .-_
<br /> � r:� �� ,� � 6.Ooc�ans9.�'vatton,M�and Pcote�4ion of 8ie Pt�npexly:Borrowe�s Loan A�o��d�. �
<br /> � -- ; �'' Borrower s6a1!aocapg.esrabllsh,and use the PtopertY a4 BoTrower's princ'spal residence widiin siaty days after the exe�tIon of ,� ,
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<br />',:`',,r-.;::...:�.:_s this Secacity b�.straraem and s6all coatimie w�y the Pruperty as Borrower's princigat residenoe for at Ieast aae year after � Q,<<;.:
<br /> ' '��f ''� the date of oacu{+aucy,unless I.eader oiheravise agr�es in writing.w6ich conseat shali nut be iwreasonabiy w i t h h e l d,or n n l e s s . �� �
<br /> -. ,:..;r; .-'";;; cxtem�a8 cinums�s eaist which a� beyond Barruwer's controi. Bomuwer sf�all �cst destroy,•darna8e or impair the • �Y�� '�
<br /> 'Y`` �=z;�`;:�L -�` P[oporty,altaw t�e Ftoperiy W deterio�ate, ar comtaiR waste on the Propetty. Horrower shalf be ia defautt if airy farfeiAUe
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<br /> �" �:�'z �' act�an os praceed3ng,whethet ctvil or cm�nal.is begua that in Lender's good faith judg�nent ooatd t�esalt in forfei0ue of ttse �~
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<br /> ,c --�..., Property ar at�eawis��aateriailY�Pair tt�e tiea created by this Security i�stmmeat or Lender's se�tirity�terest.BSsmwet ma9 ,�+-;'�
<br /> ,.r.:.,,=�..�a-�•x c�re sucb a defantt aad�einst�te,as provided in para�aph 18,by Faasing the acHon or pr+ooe�l.iztg to be diamisced with a ruling �;'::`
<br /> < ` �-. that,ic�LRader's good faitb d�on, Drecludes forfeitu�of the Borrower's interest ia die Praperty or osher material -�-�
<br /> ';'` impa�r�neat of the lies created try tfis Secudty Instmment or Lender's securtry interest. Aarrower shat!also be in defauit if ��
<br /> Secu sha
<br /> ��"' r;�_:�. :��:.t�� Bonawrr.dtuipg t6e loau sppl�cation praoess.gave materially false or inacairate information or statemeaIIs w Leader<os failed . • ....-.
<br /> '�:=:.�";-�;:7;:•r`�:'` W provide Le�tdee arith aay material iaformation)ia connection witii the toan evide�ced by the Nate.iactuding.but nat iimited �=�r-
<br /> �,� � :.- to,rePreseatatioas comcemu�g Iturrucvcr's a�cy af tQe Progr�ty as�PrmciFat nsideace.If ifie Secarity Instr�m�ent is an a '�"
<br /> � , . lea�old, Sornower sbaU compty witb aIi-the provjs�ous of the lease. If Borcower acquires free titte w the Prupett}r. t1�e �
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<br /> ` teasehold and the fee titie sl�all not merge uWess Lender agmes w the merger in writing. -
<br /> . '. ' 7.Protec�ioa oA Latde�a Rights ta the Pmperty.If Bormwer fails to perfa�m the c�venaats and agceement�oantainsd in
<br /> `°'` �' tt�s Securiry Insuarnan,or there is a tegat PmoeeQing that maY ffiSnifcantly affect I,ender's dghts iit!he Pr�nperty(such as a -=-
<br />_ = 'Q,
<br /> -::`:;F�;:;.:•:_:?!;°.. pioce�ing in 6an&rapu�►,Probate,far oandemnatfon o:forfeittue or w enforce laws or regolatiaas),thea Ixader au�r do aad ' ---
<br /> ;.;;;'_:.::';,�`:.�:� � PaY for afiatever is neressary to protect the valne af the Propetty and I.end�r's rights in tite Pmpecty.Lender's acsiaas may' _--
<br />���-,�`'; ��:�'.;: incfide paying �y snms secured by a lien afiicb has prlarity wer this 5eauity Ins�t,.aPPea�ag � caurt. Payfng.
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<br /> ��-�.`-'�y:�.`;�.`�' . reasonable atta s'fees and ent e r#n on the pmperty to make�epairs.Atthmi g l i I.ender maY take sdion�nder tbis para�aph
<br /> �-''. `y'��` � �,Lendei does'�have to do so. $ . . � -_
<br />=:`�``;r;.;:`:`,:, '-.� �' My amowtts disbmsed by Leader nnder this pareg�'apb 7 ahalt become additianal debt�af Bon+awer se�ur�d 6y this
<br /> , :-:� -' Sewrizy Instramem. Uniess Bonaw�r mid Lender a�oe ta ather tetms of FaYmeat,thesc amearmts�shall beat iiReses!&a�the -
<br /> .. ;� �• ' date.of disbmsement at the Note�tate and shali be payable.with intes�st.'upon not�ce from Lender w Bormwer requesting = _
<br /> '' � ', paymen� � . �ai�:
<br /> e:. �
<br /> ;,, S.Martga�e�anoe.lf Lender rcquired mortgage insaranoe as a oonditton of maidng the loan secured by tLis Se�auity �
<br /> � , � �.. Instrumeab Bormwer shall pay�he pmmiwns required w ma�nrA�n�he mortgage insurance in�effect.If, for anyr reasoa.the
<br /> , . � �` mortgage insoranoe covaaga reqnired by Lender lapses or ceases to be in effect.Boiro�rer st�all pay the premiums r�tred to _
<br /> ...'-� -`;- ,.`':- obisin cav�rage subsmatia}iy eqniva�ent w the mostgage iasuraaoe pieviaaglyr ia eff�.at a cast sn�►t�aUy equivalent to tlie � _ ._
<br /> �,. •.. t�:':.,:
<br /> �st to Borrawer of tha mortgage insurance previously in effeat.from an altemate mortgage in5urer appmved by Lender. 1Y . �-,
<br /> s :�� :' substautialty.eqolvalen!mortgage iasuzaace wverage is not available.Borrower shaU pay to Lender e,ac�rnomh a sum equal to • �� �;
<br /> ;;_.„_ , ` , . one-twelfth of the yeariy mortgage tasurance premium being paid by Boaawer whea the insurance oov�age lapsed or cea�od to �
<br /> ' be in effect.Lender tivi11 srcept,use and retain these yayments as a toss reserve ia liw of mortgage in4vraRCe. Lass reserva � �;
<br /> �;;;<.:..�: ::s =_
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