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<br /> S. Il�z�r�!i►r 1'm�rty In�unnca liucruw�er Khili kc�e��thn impri���emenw ncaw�existin�;ur hrrraftcr ore�:ted an __
<br /> the 1'roperty insurod a�ait�t 1��b)' tiro,h�t�rda includai within thn term "eyten�ai ca�'cra�e" ��tid Mny�uther hpta�d5, E
<br /> i�u:lucfin� titx�elx��r Ilaidin�,fe�r whirh l.endee royuiree inaur�ru:d. 'I'his insuranca ah�ll tx mainuinrd in the Kmaunt� :`
<br /> 1 and tur the periuda th�t I.ender �oquiroo• '1'ho in�ur�►�iw carrier�xuvidin� the iruurancc shall t+o ch+►.�rn b�• IkuroKe� �
<br /> j Rubjcti:t to I.ender'a�p�n►�'al which nhall neit be unre�son�bly w ithheld.Lt}i��rmu cr(xils t�i m�inUin cucerair�ribaf �
<br /> �bc�vo, landor �n�},wt l.encler's apttuo,o6uin co�era�a tr�pn►te�:t l,endoc's ri�hu in the t'ro�xrty in�c�ortl��ca with
<br /> � �����• F
<br /> All irsurance Qnlicioe snd ronewda sh�ll bo sccapuble to Landor �nd shwll include a standard mon���e c1�u+e. �_
<br /> i.ender ehell h�vo tho ritht to Aotd the policies and renewpis. �f I.etidor r�quirca, jiarn�wer st►�li pramptly gi��e to �
<br /> I.ender alt receipt,q o!paid promiuma and renewal ROi10E.9.In the�vent at las9+,13orrawor shall gi�•e prompt notico ta tha c_
<br /> inswaaco curier and Lender.I.tnder m�y m�ke proot oi lors it not mede promptly by I3orrou er. p
<br /> Unless Lender��nd Borrowcr atherwise�rree in writing,insurance procoals ah�ll be applied to restoratian ar repair t.
<br />' of the Property damaged,it the restotatior or rep�ir is oconomically teas�ble md l.ender's socu►�ity ia nat less�ned.If tho �
<br /> restoradon ar sepair is not xonamically feasible or L,ender's security wauld be lesser►od,ttu�insurance proceads sh�ll bo ��
<br /> a�ied to the sume securod by this�ecurity Instrument,wAether or not then due,wiih i��i1=zic�paid ta Ilorrower.lf _
<br /> BQrrowes ebondons the Property,or das not snswer within 30 day s�notice frum l.entkr that tho insurance carrier has =
<br /> offerod tto settlo a claim,thea I.ender may cdiect ttte insurance proceods•Lender mty use the procxds to teWir or --
<br /> restorc the Property or to pa�sums�ecured by tbis Securi43 IInsuument,whether or not thon dua.The 3Q-day period will _
<br /> beEin when tlu notic�is gicen. -
<br /> - �Jn►ess Lendtr and Bornnwa otherwise agra in a riti�,any apptication of proceeds to pcincipat sh�11 not eYtend or
<br /> postpon�the due date of the m�r�thly paYments nfernd t�r ett p3rs�'�t`k�L and 2 or ch�age the amovnt of the payments. -:
<br /> If under pas��taph 21 the Pro�erty ia 4cquirod by Lender, Bo:rQw:r'�,right tv an.y insuratice policias and proc�ds =
<br />-_�� r�ulting from drmage to the�"c�operty prior to th�acquisition stiall psr:�t�a Lead:r to tha eYteat of the suma exurod by -_
<br /> :■ thie Security Instrure�ent immediately pnor.ta the acquisition.
<br /> G,Oecupa�r,��:�,Preservation.1141�iin4es�anee and Protectiotl v��e�up�rtY�go*�'ov�cea s Lo�a Apgtieatioa; _
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<br />`� Loas�holds.Bosmwcr stull oecupy,estab4isP,�,and use tho Pcopert}•aG f3crrrower e principsl r�i�ecce witha��a'3y c3s�z
<br /> �- a.ater tt� cxecution of this Soeurity Instrum�nt and sE�at� wntinuo to occupy the Property as Sorrower'� I:'�'i�P�
<br /> re��ti,,.�,::�for ot least one year afkr the date of occupanc�..e.�iess I..ender otherwise agrees in writing,which ec�c..�rnt sha�tt =
<br />=_� n�;}x�...��,;,,aL;g withheld,ur unless extenuatinE circccr^�^tances exist which are beyond Borroper's control.BorroRer _
<br /> s*za1Q t�L ces"�:a�,��nage or impsir the�'ropert},allow t�e PropertF to deurio�te,or com�it w�ste on the PropertY.
<br /> ,�. &xr�azs sya^,u'���ckfault if any forfeiture action or pcviceeding.r�1;.ether civil or criminal. is b�gun that in Lender's
<br /> � �ao3��t�,�,w.'�eLn�:could re.s;�1t in forfeitare of the Fx„Y?ertY or ot�i�'ra''se marerially impair the lien created by this
<br /> _� �,,.w�. T�St�z�ea;�or Lec�ir secwity interest. Bvw�-�*�'�e�' may cure such a default and reinstau, �s provided in
<br /> p��P$ t�. b� wasing the action csr proceeding .a �'_�e dismissed with a ruling that. in Lender's good faith
<br />`i" deurmination,gra�S�dcs torfeiture of the IiaErosver's in•.,erest in tho Pt�nperty or other mauriYl impairment of the lien
<br /> = • created by this Security Instcument or Lendc.�'r's security intorest.BorrQwer shsll dso be in�efault if Borrower,during
<br />�"�°= tho loan �ppiication process. gave m�teri�lly tdse or inu:cwate information or st�tements to I.ender (or failod w
<br /> _ peovide I.endet With anY mzteri�l��ormation)in connection with the loan evideaced by the Nate.including,but not
<br /> -= limitod to.rePreaentationa conarning Borrower's occupwcy of the Propa�tY sa� priacipal residencx. Ii this Security
<br /> - Iimirutiicui io�.-,:Z:,:a,.'�:@,pa:rr..�a�,.it mm�y with a11 the nrov;sions of the lease.It Borrower aoquires fx tit�e to
<br /> - = the property.the le�setsold and the foe title stwll not encrga unlcss I.ender n�oes to the mer�er in writing.
<br /> '� 7.Pcotsction oi Lender'�Ri�hts in the Property.If Borrower faila to perform the covenants and sgramants
<br /> � oonuinod in thie Security Instrument,or there is a legal procea3ing that m�y siputicu�dy aifoct I.end�''s ri�hta in the
<br /> _ property (such as a procooding in bankruptoY. Probau� tor condemnition or torfature or *.o enforoe laws or
<br /> regulatioasl��I.ender may do and pay for whatCVar is neassa*Y w Protect tha v�lue oi the Property and I.rnder's
<br /> -= rights in the Property. I.eader's ictions may includo psying any sums eocw�ad by a lien which has pnw'itY over this
<br /> _ Securitp Inatrument,appeiring in covrt.peYing reason�ble attar�uys'foes and enta'inY an the Properip t�make repairs.
<br /> - Although I.eada may take action under this P�'�B�Ph 7.Leader does not h�ve to do s�.
<br /> � Anp amouats disbwsod by Lender under this pasignph 9 shall bacome uiditionil dcbt of Borrowec secused by this
<br /> SxwitY Instrumaat.Udess Borrower u�d Lender e�to other terms of paymeat,these smounts shatl bear interest
<br /> fnnm the date of ciisbwaemeat at the Nou sate�ad sh�lt�e pa5-s�iie,a ith iaterest,npon aotice from Lender to Bos'rower
<br /> requestin8 PaYrnmt.
<br /> 8. Mott�a;e�nsur�nce.If I.ander sr�ured mor:gage is�arraax ss a condition of maYis�the lou►securod bY th�s .
<br /> Security In�ment,Horrower sha11 p�y the premiu.�s:+oqvira�ta maintain the mortgage insurtnca in�ffect.If�for sny
<br /> - rea�on, the mortgtge insurasice covenge required bp 8..�.aret lapscs or cess�s to be in eifect,Borrower shall pay the
<br /> - premiurns requirod to obtain covera�e substuitialIy oq:��alent to the morcgage insurance previously in effoct.at a wst
<br /> substaatially eq�..:ti'aleat to the cast to Bo:�rowe• oi the mortga�e ensvrance provi�usly ia effoct,from aa alt�roau
<br /> = mortgag� insures approved by Lender. I£ substantially equivieut mortgage insurance co�'erage is not a�ailable.
<br />—� Bonaw er shall pay to Lcnder each month a suin oqu�l to one-ta'e:ft�of the yeuly mostga�ia>ursace preinium beinb
<br />—= p�:cIl�� Bomower when the inswance coverage lapsed a^ceased�tu be in effect.l.ander will aooept,use ar,�n�tsin these
<br /> - p47��x;eats as a loss reserve ia lieu of mort�age ec�aa�x. I.o� ru�Y� P1Ymenu may ao longea ba re9uired.
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