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<br /> • ' 9� 10�➢3�4�1 �:.�
<br /> S. H� as Peo�Ey �n�ra��e. Borrower shall ke�p the iu�provements now existing or hereafter erected on the
<br /> Pmyerty insur�agaiast loss by fire.ha�ards included within t6e term "exteaded coverage"and any other ha�srds, including �'`
<br /> ftwods or tIauding, foe witich LendQr�quires inswan�ee.This insurance shaU be rmaintained in the amount�and for the peri.ods
<br /> � th�2 t.ender requires. The insoiunce c:urier providin�the insurance shall ba chosen by Horrotr•er subjecc to Iender's approvsf �
<br />_ which shal!not tse aamastm�bly '� If Horra�faiis tc,m�nt:sin rnverage descnb�above. Lender may. as i[.ender's =
<br /> oprion,abtain oovert�s e to pmt�ct LeIIder's rig6ts in the Property in accordance with para�raph 7. �n
<br />'`�, All insurunce poticies aad renewals sh2U be accep;able to Lender aad shall iaclude a standard mortgage clause. Leisdes
<br /> shall have the sight w hnld the goliries aad ren�wals. If Lend:s requires.Bnrrower shali promptly give to I.eIIder all receipts of �
<br /> paid premiums and reaewal notises.In ttte event of loss.Borro�ver shall give prompt not�ce to the ins�.uaace carrier and Lender. _:
<br />�.. Lender may ma'ae pmof of losa if aot made pmmpdy by Borrower.
<br /> Unless I�d�anl BQrrower oihenviss agree in�ret'srjg,insurauce proceeas shall6e applie�to restoratioa or rep2ir of the -_
<br /> Prop�,rty damEged,if the restoiarion or repxir is eoonomically feasble and Lxnder's s�wriry is not lessened.If the restaradon or �`
<br /> repair is not ernnomirally feasible or Lender's secusity would be tessened.the inswnnce procceds shall be a�plied to die sums -�-
<br /> �, ` secured by this Security Insdument,witeitter or not thea due. with any excess pai@ to Bnsrouer. If Eorrnwer abandons ths �
<br /> :�� � Property,or dars not auswer withia 30 days a notice from Lender that the insuiance carrier has offered to settle a c�aim,then
<br /> :�: •,
<br /> ;�`',: . I.ender may colleci the insurance procead�_ L,ender may ase th�praceeds to repair or restore the Praperry or to pay sums
<br /> �i�� sQCUred by tItis Sesurity rn i�, n wh�her or not then du�.1�e 30-day period will 6egin wEien the no�ce is given. _=-
<br /> r:"•'i.:, � an lication of w rinci shall nof extend or
<br /> Qnless Lg�ier and Hor��e�r otheaviise agree in v��. Y app gLw�eds p pai
<br />''��' pa_•z}�.�e ihe dse.�►ate of tf�e��•.hly paymwts referred a3 in paragrag�s t �x+3 2 ec�ange the amount of t�e paymFats. If ���
<br />`•s�' uac�^para�ra�ZY�e Pmp:rty is acquired by Lender.Borrower's ri r�t c�Wp�:�nce policies and pmceeds resu�ting fimm g-'�"`
<br /> damage to the A�r.y prios to the acquisition shsll pass to Lender to tL•��c��af t�e snrn9 secured by this Secwrity Instrum�i �:
<br /> --- inun�diste7y pri�z 4�Ws acquisitioa. . "�-;:
<br /> : � 6.Uocapa�,�,Mainienance aad Pratect�on of the F�,-cr�;�'s Loaa Appiicatfan,I.�nids. , -_-_-
<br /> ; � Borrower shall occi*py,�a�is�a,and use the Property as Borrower's prin�I resi�ace witbin sixty days after tfie exeeutfan af
<br /> . ,�� this Seturity Ins�azr�t aaa.sk�3 coatinu�to occupy the Property as Fozr.�wer's princiFal residFis,�.rar at feast one year aRes . , .
<br /> ,;�.,;��� the dt�te of oce�,.�a�is�t,nnf�7,.�der othe:raise ag�s in writing.�vhidr rnasent shal!n�ot.be un�fily wit6held,ur ant��.;;.. --
<br /> , extenvating cirarc�stz�ces e�st wtuch ara beyoud Bormwer's control. Bozmwer s�al� rwt desuny, damage or inapa�r e�"'.
<br /> ..°:.,i Pc�p�.uty,aita:v t?�e��ropert��ra�eteriorate.or commit�s�e on the Property. Bormwer sha(1 be in defauit if�;�orfeiture . ' �_
<br /> acti�•or raceedin ,wh��il or criminal.is he Il��iat2 in Lender's aod faith'� `_
<br /> , i� p $ � S 1 dg�uuQt wuld res�ilt in fort�ihige of Ehe. --___-
<br /> :..�'t. property or oih.^�,r'ie:mate�rfR,�impair We lien created by this Secuiity Insuumeni ot Ipndet�s securIty int�est.Barrotiver aca�r .... �,-;
<br /> '� cuie anch a d.t:�Jfs�sr.z"r.r�em.,�:,as rovided in h 18,b ransin the asxton oz .xcedin to be dismissed with a nilin .
<br /> P P�P Y g P" S S ��. •� �-�
<br />;.�"�� tLat, in Lzn�:,�'s g�..f�t�:�s�mnination, Precludas Farfeidue of the Bormwer's inrerast in the Praperty or oth�material ,ir�`
<br /> .� :� lIDt3s�ii'�CIII Q�C��`i'-2'i1 C�'cS'f3�f lu}T LIlIS S�IIAL}� IqStf�1R1CI1i OI LCAdCT�S SeCUT1[S/ �ltl''.E'T:&t.��rower shall atso be.in defeiilt if E���
<br /> '; Bor�er,duaing the loa��-rp���on pmcess,Save materialiy false or inaccurate infa,�atma�Q a^stat�eats w Lender(ar fr3led �r_=--.
<br /> �� � to pr�vide Ler�Ic�w�any.�ial Information)in wnnection with the loan evidenced by s�.Note,including,but uot limited �,
<br /> ���; to.representati�r5:.aecuemii�g$olrower's oocupanry af the Property as a?�rincipal residertce.[f�this Securiry Instrument is on a
<br /> '` `:� leasehold. Borra:�ar:shnil comply arith all ¢snx provisions of the t� r�Borcower acquiz��fec t�itwe to the Pro --
<br /> P�Y� � ; " —
<br /> � :�} lca�;hold and the fee�it�e sh.a1 r�i merge uniess Le�Mer agrees co the rr�cr,��.��in wriu�. . �'
<br /> 7.PmlectIon oY I.ens9�a':�._ ts fn the�to IE��:ower fails en rfc:��e wvcnuats and �'-��`
<br /> .. .. . � P�Y• Pe agre�e.n�i�antnineel in --_-
<br /> . �:, this Seamty Insnucsaent,ori�.a:M:is a legat pmce�ding that�ay sig�u�i�tIy affe�t Le�der's.tigt►ts ia ths Propo�`.��(sucb�a
<br /> � � prooeeding ia bao�ss',.;tcy.��te,for coudemnation or forfeiture or tn r�:Snrre laws or rcgulatioas).thtn Lender may do a�r3•-:_
<br /> � '� Pay for whatev�a i�::.eces��pratect the value of the Property aad'�er's rights ia aYn Prapetty. Leader's�ions au�;i.;'
<br /> � • ' include payina�.^y sums s�sls,:d by a lien which has priority over t�sis Security Inst�,uttent. appearing in oourt, payln�•':;�' ' . .�;;;
<br /> � '"' reasars�6Ie:�ttomeys'fees a�r��:sering on the Pmperty to make repairs.Although i�,r ma�.calce action nuder this paragr.�h. ' _
<br /> ' � 7 6.�; �t:r does nnt bave to�a�x• �`.�
<br /> .:, . �' :i�s�::;
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<br /> _�.�,;.,...;, �.��ii9'.ar�c%�mx;:disbmsed by I.ender under this F�S�Ph 9 shall.�;,ome addi�ias�t debi of Borrower secured by thie• '; ' :�;�;:
<br /> �f�5.�- Soa#iit�Pns�.:Un2ess Barrower and Lender agr�to other terms�c�i r..zyraent�ther�e araount�:�L;�!!bear intarest from[he ':�
<br /> d�.e.c�disbursa��ent at the Note rate aad shall be payable, with inteti�.:1Qon nnti�r.��'rom-��lti�to Borrower reqacsttng • '�.•
<br /> ,. ,�� PsJ�:7t• �.u.
<br /> :, �6�'" 8.Mortgzge InSCUance.If I.endee requi�+ed mortgage insuranc�us�c�aditiaa o���taaldng the loan secured by triis Security., . �
<br /> . ;j�.. iastnrment,Barr�wer shall pay the pzemiums required to maintain t6e tnortgage 9nsuraace in effect. If. for any reason� d�a`.�:.-
<br /> �;:ti � mortgage insur.rr�;�coverage requited by Lender lapses or ceases to Us i�m�tfect,B9rnower shal!pay the premiums reqni�d u�• .
<br /> obtstin coveragr�;�tantially equivai.rnt to the mortgage insurance prevmrrF_�in effect.at a oost substamially equivatsnt m tI�'•�'
<br />'� ?' cust to Barrower uf the martgage insurance previausiy in effeet,from a�alcernnt�;�uertgage insurer approved by Lendcr. If _
<br /> !' subst�wtially ecluivalent mortgage iresuranse covemge is not available,Borrower shuti.�m�i co Lender each month a sum equFJ ta -
<br /> ono-lweJftli of e1z�yearly mortgage insurnnce premium being paid by Borrower wGen ttte insurartce ooverage tapsed or ceased to
<br /> be!n effert.Le�.i�r.wiq accepi,use and�tsin these payments as a toss �,.�rve iQ lieu of mortga�x insurmmce. Loss nservn'� —
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