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<br /> -3.'Nwei.r P�eeey r..ra�c� Bo�vrer�sh.0 r�eep t6e;improvm�wta ao�►.�� or 6e�a�ter es�eaea on t6� - -
<br /> . property iasurod agsinst ta�c by fire.huuds iaciude��within the cerm"FacteMeO�cavirage" �nd any alxr haz�rds.isxiudii� .
<br /> � floods a ftoftding,for'which Leoder raquin�insu�anoe.'f his insurance st�alb 6e�in the amaitNs and for the periodg�
<br /> that I.e�er requin4.The inw�rariier pmviding the i�sttr.�noe shati be cha�en by&�rraw•er subject to Leader's approval
<br /> ' whicA shatt not be unreasoeabiy widihetd. if Borrower fails ta maintain cuverage,describad alx►ve.t.endei�m�ay.at It�r's
<br /> option,oMain oover�ge to pretect i.ender s rights ia the Pioperty irt�oct+rdanoe with p�grap6 7: = �
<br /> AU insm�nce polisies aod ren�wais shaU be acceptabte ta Ler�der aid sl�atl inctude a standard mnrt�ge ciause. Ler� �
<br /> - _ s6a116ave:tho rig6t co hotd the poticies aad renewals.If L,ender requites.Bormv►et shatf promptly give ta Lendcr ai!ceceiptxaf --
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<br /> P�P��ums�xi teaewal aotias.In the e��ent of toss.Borrawet shaii give priimpt naticz fo tHe u�snrauce r�rria _ _ ...- -- --
<br /> Le�der may maice proof of loss if oo[made prninptty 6y Bormw�. .
<br /> - Ualess LeMer u�d Borrower otl�erwise agree in a+riung,insuranoe proceeds sfia11 be,aPplied to rcstorution ar repair af the �_
<br />-_ prapesty dau�aged,if the n�staratioa ar r�p�air is eoonomiralty feasible and Lender's secvrity.is rat leFsened.If the restoration or
<br />• �epair is not eooqo�icaliy feass'ble or Lend�er's s�ecurity wautd 6e lessened.the in.wranoe pruceeds shali 6e appticd to thc sums —
<br /> ' secured by tbus Secarity Ins[rameat. s�hettier or•not•then due.with any exoess p�to Borrower. ti Sorro�rer a�andos�s the . .
<br /> Pmp�rty,or daes not aacwer with'in 34+dayrs a notice from l�ender tbat the insuranoe carriec I�as offered to settle a claim.thrn
<br /> ". _, Leoder may colled the ins�uance pruceeds. Lender ma�use tt�e pmoeeds to repair or re�tote th6 Praperty or to pay sums ._
<br /> socured by tbis Sewrity Instrumeat.ahtther or not then due.'i7�e 30-day peciod will begin when the natice is'given.
<br /> Udess lender and Borrower otherarise agnee in writing. any application of prooaeds to principal shall ant extrnd or�. __ _
<br /> - postpone the due date of the monthly payments tefeaed to in pa�agraphs�I and 2 or ci�ange the aimo�nt of ihe pa}mients.If� i°=
<br /> � �ujder paragraph 21 the Pcnpecry�is acqnired 6y I.ender.Borrower's-right to any iasurance poticies and pcnceeds rrsuidng from �T'�
<br /> �� - darnage to tlie Pmperty prior to ttse aoqnisition shall pass to i.ender to the exteat of the sums secared by this Securicy[n�nunmt : ��_�
<br /> i�.; immediately prior to the acquisiii�. � _
<br /> ��,. ' 6.Oocup�.y,Pteservatiou:Mainfedr�rioe and Yrotectioa of t6e Pnopeity:Borrow•er's I.oan Applicatian;l.e�eboids• e
<br /> '`'` � occupy.estabtish,aud use dir.?raperty as Borrower's prinapal resictence within sixty�day s after the.execution af -
<br /> Y,,� :,.':.'� Borrower shall . �'�;_:
<br /> ° 'th'ss�5ecuriry [nswment and shall�continue to.accupy the Prupecty a.s Borrowes's priucipal residence for at[east one year after -
<br /> . ` � " ,� the�d�e of accup�anty.untess L�othenvise agrees in writmg,which consemt shal}.mot be unreasarrabfy withi�eld.or unless '
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<br /> _ -"'`�' I ex�erni�ting ci� ex3s;.c��iich are beyoad Barruwec's contml. Borrower sfialT:not desuoy. damage or.impair ihe •"`. -4 `_--
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<br /> "-"..� `�. - Property,allow dr�iPropertyr;E��}eteriorate. or oommit waste on the.F'rz5j�eity.Borroice7�shall be in default 3f an�•forfeiture •
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<br /> �j"k-� ��s;f s:j action or proce�c�.`ivhethFr s?v,�1 or criminal.is begun that in Lender'c e+�d faith judgment mufd result in forfeitutr of ihc. ::
<br /> '}�` `:i.��' Property ar other�iseziateri;�it}`isr,pair the lien created hy this Secvrityr�nent ty m�Y . : ���"-=
<br /> ��;:,�r�,`.._ ` �_, ar t.ender's securi interest.�Borrawer -
<br /> �;�:t�:�:�-;�..r'.i.' cure such a default'and reinst�:�provided in paragrapb iR.6y causing tite action ar groceeding tc►be dismissed with a ruling. �.:;;';,.. '_�
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<br /> s+�t�::�,�t�,�': . . tha�'in Lender s goad.faitf�' � .`'«: tion. precludes forfesture of the Borrower s ��°st in the Propetty ar ather materiat ;,..;,:;;•,-.: _
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<br /> • 'm�pdt�nent af the tien createct�i����is Securitp instrument or l.ender's x�urity interest.�Sorrower shall also be in default i€ _
<br /> � �"`��� •� � �crawer.durin�t f c e�oan a�p tiextion Qroces�.gave ma teri a l ly f a lse or iaa�ccan►te i n fo r m a t i a n a r s t a t e�n t s t o i.e n d e r(o r f a i t e d '' �"-`'
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<br /> ' =+�.���� � � vide l.end'er�uh an material infarm�tion)in connection witb the inan evidenced b the Note.•s:ictudin but not timited �=_-
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<br /> ,. '" ta_rt��esentatiosLS conceming Barrower's accupancy of the l�nsge.�y as a principal residence. If tbis Security Instrument is on a J. ;�T
<br /> . ' Icaseiuitd. Borrower shal! comply witb all the pravisians of�ce tease. If Borrawer�,cquires fee title to the Pruperty, the �::._
<br /> , ,� '' ' leasci�ald and the fce tide shall nat merge unless l.ender agrees to the merger�in writins. � �`''� �`--
<br /> ', � 7.Prntectian ot l.ender's Rights in the Property.If Barrawer faiis to�perform the covenants artd agreements contained ia .''�•�`
<br /> this Security Instrumeni.or there is a legal proceeding that may significantly affeci i.ender's rights in the Praperty(such as a '. ��'•
<br /> _ , �,;.,,�;,;!:�,:, .. prcueediag in bankruptcy.prabate,'.far candemnation or forfeiture or ta enfarce laws rr r�-ulations),then Lender may do and� '; .. _}',.,`�$�
<br /> ; :y�, �r%; ::>,; Pay for whatever is necessary tn}�r�tect the valuc of the Property and l.cnder s right.s�the Property. Lendes s actTn�.s may , � 't;�,��,;; 4,.�Q_.
<br /> _w'yl::��;�.•,. inctude paying any swns secvmf [iy a licn which has priority over this 5ecuriry Instrument. appearing in court. paying � �r;;�;.t�: • • •- _
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<br /> , ' - = �'••, reaconable attomeyy fees and entering an ttr��ruperty to make repairs.AIcF�n�;h Lender may take aeriaa under this paragraph � . ._- _-
<br /> ' .. , . • . 7. Lender do�not have ta da�o. , . ' " . � ; -
<br /> • Any amounts disbursed by Lender u�;Ser i.Pi'rs pu��.�ti ?sha11 become additianal debt �f 13��:n,--�er s�:c�t by this . . , • ��`��-
<br /> � ' 3�r�;,:.;;•t... '' . Serurity instrument. Untesx Barrower and L.cnder agree ca�r�;er terms of paymcnt.these amaunts�hal!bear intere�t rrom tF�e • ; ;.,y
<br /> � date of disburcement at tho Note ratc and ShaI1 be payab:e. ivith intcrest. upon natice irom Lender to Barrowei s�,;sesting� ;;�_���
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<br /> ,r',': -=.:�M'.-+ .:, � j PaYment. . . �_.
<br /> ;i�;;: �� ° �;, ' � S.Moctgage�'asorance.Ii l.ender rcquircd mortgage insurunce ati a�nditi�m af makin�thc laan�ecured by this Security', . ::.{ .�����.�
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<br /> , � •� -�=`-� ' � In.strumeat. BunaK�r shall p�y the premiumti reyuircd ta mainlain the r.tvngagc invir�ncc in cffect. if. fnr any reuum. the ', ,� :.��:,,..
<br /> • '"' ' • ' � � mart a e insurance covera e r ired b Lender la us ar cea�es to he in effect.Hnrr:s�rii�r�hail a the remiums:re uired M � '�
<br /> , S S S � Y P P'Y P q �• , .
<br /> _ ' ,a� ' obtain coverAge subitantially e�u.iza ent to the m�rtgage in+urance previc�usly in cifec�.�t a ra��substantiaily equivalenl ta the � ��.:;�.�.'� .
<br /> � ' ' mst ta Batmwer of the martgaoc insurana: �rcviou�ly in efPert. from an altcmatc m��rtgage in�urer approved by Lender. lf �
<br /> � substantially cqui�atent martgagc insuruncc cr+4�agc is n��t availuhlc.Bacrnwcr�hall pay to L.cnder ca,.�:'t m�mth a sum cyual�o � '
<br /> � � , onc-twelfth af the yearty martgage insurunce premium bcing paid hy B��rre�wcr whcn,thc in�urun�c�t:�rer:�c lupvcti ar cr.�sed to .
<br /> � ; � , ' be 6n effect. Lender will acccpt,use and retain thesc ptrymcntc a� a Im� re�crve in lieu ��f mung:,ge insur:inre. €..+,ss reserve
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