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<br /> —_- - 92—i00�4�b . 91 1077�'S
<br /> .� , � , • ' Iowraace. 8orrower �twll Icccp che improvemcnts now cxisting or hercn8cr erected on the
<br /> '=:.:� . •'• S. Hwinl or PropeNY
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<br /> p��, i����i�wt locc by Q�+c.hazarlls included within the tcrm "extended covcrngc'and ony other hnxards. inc u ng
<br /> T=;� �floods,or floodinQ, for which Lendcr rcquires inwrance. Thix insurancc shv��be mabtained in the amount.r an�1 for the pe�iods
<br /> --- dut Lender roquines.The insurancc carricr pruviding the inwr�nce ehafl bc chosen by Barrowcr cubject to l.cnder's upprov�l
<br /> :'_:�`,, which shall not be unneaso�ably withhcld. If Bortower fails to maintein coverage desc�ibcd ubove. Lendcr may. At Let�ler's
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<br /> ---:y=� option,obt�io covem�c to protect L.ender'e rights in the Property in occordancc with parograph 7.
<br /> �-_ -_�-��'..� All insurance policies and rcnewals rhall be acceptabk ta L.ender and shall include a x�endard mcmgogc cluuse. l.e r
<br /> " elwl�h�ve the rfRht to hald the policies and renewa�t• �f L.ender requires,Bur�awer shall prumptly give to Lcnder tdl recciptti of L-_-
<br /> -•;:��;'��;' pAid prcmiurtw and rcnewal nMices.In the event of loss,Bomower slwll give prompt nwice ta the insu�nce carrier and Lender.
<br /> " ���m�y make proof of lass if not made promptly by Eorrower. ___.
<br /> ''-"�'�'.y' . Unless Lender and Borrower atherwise agree in writing, insurance praceads siwll be applied to restora�ioo or repair of thc
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<br /> �=�r�`" • pro�erty damaged.if the[estoration or repair is economically feasible and l.ender's security is not lessened.If the resto►aaan or
<br /> ="�'�'���� .. c�epair ia not aonomically feasible or I.e�ufer'�security would be lesse�ed.the insurnnce procoeds shall be applied to the sums
<br /> �'-';�'� * ' '"• cecurcd by Ihis Security instrument, whether or not then duc. with nny excess paid to Borrower. !f Barrowcr abandons the
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<br /> ptopeRy.or does not anawer within 30 days a notice irom Lender that the insurnncc carrier has offereJ tu settle a cloim,then
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<br /> --"���:�{f i.ender may collect the insurance pr«�eds• Lender may use the pra'eeda to repair or restore the Property or to pay sums _
<br /> ���:r�r�i:A�'_'� secucod by thia Security lnstrument,whether or nat then due. The 30-day period will begin when the notice is given.
<br /> -':'6r�'�;i�,�" Unless Lender and Borcower otherwise agree in writing. eny application of pn�cecds to principal shall not extend or
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<br /> .�'�``�:?;�r�;�;y � posqwne the du�date of the monlhly payments referrcd to in,paragrapha � and 2 ar changc thc amount aP ihe payment�. If N
<br /> -- ''N�" ra 21 the Pro rt is ac ired b Lender, Horrowec's right to w►y insu�nce policies and proceecls resulting from
<br /> -� _ -�::�:;� , under p� Ph P� Y �N Y -f
<br /> ..::,. r��:`<�` damege to the Property Prior to the acquiskion siwll pass to L.ender ta thc catent of thc sums secured by thls&ecurity Instrument _
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<br /> �Y��,:.,�r,•• ' immediately pdor to the acquisitian.
<br /> :� ��-..;., ..°. 6.pop�p�t�.y.prt�rvs�tion,Maintenance And Protecdon ot the Properiyt��wer's LoAn Applicatlon;Leasehnlds. �
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<br /> ---�-�-�,.-,��1t'.�• Borrower shall occupy,establiah,And use the Property as Borrower's principal residence within siaty days afier the execution of �
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<br /> _ -:��;�; .*�,, , this Seeurity Instrument nnd shall continue to occupy the Praperty as Horcower�s Pnnc�Pal regidence for at least one year after �
<br /> _:'���...�-' ' the date of axupancy,unless L.endor otherwise agrees in writing. which rnnsent ahall nat be unreosonably wilhheld,or unless
<br /> ---- �`g•• ��� extenuating circumstances exist which are beyond Borrower's contml. Borrowcr shall not destroy. damage or impair Ihc
<br /> ^�� '"�'' property.allow the Property to deteriorate, or commit waste on the Property. Bc�rrowcr shall be in defauh if any forf'eiture
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<br /> �'�'� actioa or prc�ceeding. whether civil or cdminal,is begun Ihat in I.endcr's gaad faith judgment could result in forfeiwre o t e
<br /> �"ti ' properry or otherwise materially impair the lien created by thia Security Instrument or Lender'4 secu�ity interest. eorrower may
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<br /> '�'��'�S��•-� cu�sucM a default And reinstate,as provWed in paregraph 18,by causing the xtian or proceeding to bc dismissed with a ruling
<br /> -�' ,��` "'``�` th�t, in Lender's good faith determination, precludes forteiture of[he Bomuwcr'� inierest ta thc !'roperty or otl�er materi»�
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<br />-� � : impairment af the lien created by this Security InslNment or L.ender's security interest. Borrower shall alsa be in defauU if
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<br /> � �� :�', Borrower,duriog the loan application process.geve materially Palse or inaccurate infortnation or statements ta L.ender(or failed —
<br /> �*��,a�•. . to provide Lender with any materiel infom�ation)in rnnnection with thu loan evidenced by the Note,including,but nat limited
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<br /> �� ' ' to,representations concerning Borrower's occupancy of the Prapeny as a principal residence. If this Security Instniment is on a
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<br /> �o1�L�` �• - �wseho�d� Borrower shall comply with all the provisions of the lease. 1f 8orrower acquires fee title to the Praperty. the
<br /> ' E�,�.'' leasehold and the fee title shall not mergc unless L.ender agrees to the merger in writing.
<br /> ;'•;�'`�� , ' 7,Peotectlon of Lender's Rights(n the PropPRy.�f Borm�'uer fails to perform the cnvenantx nnd agrecmcnt+cuntained in
<br /> � `�""'• o��i this Security Instrument. or there is a legul pr�xecdin� that may significunlly affect l.ender's righ[s in�he Property(wch as a h,
<br /> '"•! ''"h"� � proeeeding in bankruptcy,probate, for condemnotion or forfeiture or to enforcc laws or rcgulatians). then l.ender may do and
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<br /> - = ,� pay for whatever is necessary to praeect the value of the Property and l.ender's rights in the PropeAy• Lender's act�ons may
<br />'�'� �.�`�..' ' include ps►ying any sums secured by a lien which has priority over this Security Instniment, appearing in coun, paying _
<br /> - �c�r�. - reasonable attorneys'fees and entering on thc PropeAy ta makc rcpairs. Although I.ender may take action under this paragraph _
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<br /> �' -a 7.Lender das not have to do sa.
<br /> ' "� Any omounts disbursod by L.cndcr under this pataRruph 7 shall become additional debt nf Borrawer secured by this -
<br /> �''�'�'' " Securiry Instrurr►ent. Unless Borrower and l.ender agrce to other tcnns of payment,thesc amounts shall bear inter+est from thc �
<br /> - �� ' �� � dote of disburscment at tha Note rate end shall bc payuble, with interegt, upon notice fmm l.ender to Borrower requesting
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<br />'�`1=;;�.• "• . PaYment. �
<br /> �,,,._ _,. 8.Morigoge Inwrance.�f Lender requiral mortgage insurance as a condition of making thc loun securod by this Security
<br />"�'�; " � ���'� � Instrumeat. Borrower shall pey the prcmiums required to maintain �hc mottgage insurunce in cffect. If, for uny reasnn, the u
<br /> , „ .' . mongage insurance coverage rcquired by Lender 1�►p�:s or ccases to be in cfl'cct,Horrowcr tihall pry thc premiums required to -
<br /> �.;L • .. , obtain covemge substantially cyuivalcnt w the murtgugc insurancc proviou,ly in cffcct. •rt a rast wbstuntially cyuivalcm t�the _
<br /> °� ' cost to 8ocrower af the mongage in+urance prcviously in eff��ct, frum un uUcrnate m�mg;►g� inwrrr upproved by L.ender. If _
<br /> '1 � substantially equivalent mortgagc insurancc covcrage i�not aveiluble. &�rn►wcr.h�ll puy to l.endcr cach mnnth a xum equal to '
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<br /> one-twelfth of the yearly mortgage insurance premium heing paiJ by eorrower when thc insurance coverage lapsed or rea�ed to _
<br /> . ' be in effect.L.ender will uccept, use anJ rewin�hese payments as a loss rcscrve in lieu of mongage insurance. Loss reserve _.
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