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<br /> 5. Hapeed or Proparty lnsurance. llorru�vor ettt►II keep tha improvenienta na��� existmg or idrr i et'E ted an �
<br /> the Prup;;rty ineun:d n�ninnt lo^s by firo, hn�oecln includnd���ithin ttxv terr� "extencled cUVernF;o" und any othor hnr.ards,
<br /> includins f1c�oAn or fl�odinQ,tor which l.ondc�r reyuirey inNUrAnc�.'i'hia inaueance ehull be n�ointnined in tho nr,nnwitn ,
<br /> and tnr the veriacin thnt I�nder reyui�a. Thc�inatirenco carr��r providing tho inaurenca ot�all be choson by Horeowcr ,
<br /> . � �ub}ect to Lender'a a�pravnt wAich Ahnll nat bo unr�a��nably withheid.!f Hotrower f�ila3 ta ri�eintair�cav6�aga dc:,c;rib:,d .
<br /> ebovo, Lender n�sy,at Landflr e aption, obu►in cc►vvra�a to nrouct I,e�nder's rlghta in the Prnperty in accordnnce with
<br /> '"` .: �itt#' paragraph 7. ,"•
<br />,• All ineur�nr,e policies and rena�vnin �hntl be, ncceptable to Lender and ehep include a Atanderd mortgego claur:a.
<br /> ::�._�;�'�,� i.ender shAll liave tha rlght to hold thn pc►lininc� nnd renewale. IQ Y..ender requicos, Aorr�wcr sho11 pec�ra�tly gi��e 40
<br /> _-��- ' l.ender ell recaipte or paid premiu�ne and rons�wal natices.In the event ot loss, Tforrower ehall gtvo prnmpt notice ta tho �.�._
<br /> ���' insuranco carricr end L.ender.Itsndcr mey mako prcwf of loss it nc�t rnnde promptl�by Borrowcr.
<br /> - --ry;� Unless I.ender end IIorrower otherwic�o agteo in writing,insurancc pracade ehall be epplied to reatarstion or ropair .
<br /> of the Property dnmaged,if the restor�tiqn or repair ie econamir.xlly feaniblo and L.Cnder's security is reot leason�d.I�the '„�
<br /> f`,� . �,,�, resto:ation or repair is not ceon4mically feanil�lo ar l.ender's sai.7irity would be lcssened,the insurnnce procrxds sliall be �.,r_
<br /> - ` applied to tha nums 3ecured by thie Security rnnt�ument,�vheth�n•or not then d�rr,with any oxcess paid to I3orrawer.lf t�;�_
<br />:�r�+.•.,::,� � Lorrower ahandnne tbc Piw�erty,or dnesa nc�t ennwot cvitl�in 30 days a notice from I,znder that the inBUranca currier has °°°��
<br /> <,,:,,;'�c�; • a.ffered to sattle a clnim, th�n Lonc�r may collact tha inaurance proceeds.I.�ndcr may use the proseeds to repair or �,;;:
<br /> :;:",.,�.:� � �store tlie Pruperty or t�c��ay suma seaurf:d by�thia Sacurity Ineuument,whether or not then due.1'lie 30'day period will �,�_
<br /> "°''�'"' begin when t1a�r.�tice ie given. __
<br />�w°���'•� Unleas 1Lrsx�3c:r and&�rt��vor atl�orwaao t��rea in writing,any application oi proceeds ta principal ahall not axtend or =-
<br />'">;��� �ustpone the c�.uc+date ot the monthly p�;�mantt�rekned to in paragraphs 1 and 2 or chnnge tho amount oi thepaymcnte.
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<br />;=�.;N:b�% ��' �!+_tder nnrwgraph 21 thct Property in daquitti.�d by L.ender, Horrowere right to any insuranca policies an d procxds _
<br />�'"".����'��sl�j �esulting from damaga to the Fmpe�Ky priAr to the acquisition shall pase to l.ender to tho extent oY the sume secured by _
<br /> '-��-� t�ic�Sec:urity Instrumentimmr.rliatc:l�1 pr:�or to the acquieition.
<br /> '�'�"�`�� ' 6.Qccu�raucy,I'eeservoteon� AL�lrateaance�ad Pratcetinn of the Property; aorrowor's Lo�n Applicatipn;
<br />,I"'�` L,easeholde. Bnrrow4r eh+.+ll aacupy,r,stublish,and use tha I'roperty sa Bonower's principal residenca aithin sixty days --
<br />:�!.. :sti:er tha oxecutton of tlun Security Int;trument and Rhnll contlnua to occu�y the PropBrty as Bottower's princi�l m
<br /> ''f�_'�� �,.�dence!or at least tcncs y�e�r afur the data of occu�cy,unitss Lender otherwise agrcea in writing,which eonsent shall __
<br />__�_,_� not be unreasonably withli�ld,or unless extenuating circumstsnces exist which are beyond Borrower's control.Borrawer _
<br /> --- stiall not dcsst��y,damage or impair the Property.allow the Proporty to deuriorate,or commit waste on the Property.
<br /> �'-'==�� Borrowar shall be in default if any fot[aiture action or proceeding, whether civil or criminal,ia begun that in Lendar's
<br /> - --_ good feith audgment coutd result in torfeitun of the Property or otherwise materially impair tho lien creatod by thie
<br /> ._ ---- = Security Inetrument or I.ender's security interest.Bonower may cure euch a detault nnd reinstate, as Provtded in
<br /> �----� �rr�nh 1R by causina the action or proceedin� to be diemissed with a ruling that, in L,ender's good faith
<br /> __---.� determinataa�n,precludes forfeiture of the Borrower's interest in the Property or other matedet impairmeut oi iha iien
<br /> ---= creaud by this Securisy Instrument or Lender's security interest.Borrower ehall also bo in dtfault if$orrowcr�during
<br /> -- the loan appiication pracess, gave materielly talse ar inaccuriste information or stater��►te to Lender (or failed to
<br /> ---a- �xavide I.ender with any aataterial informntion)sn connection with the Iwn evidenced by the Note.including, but not
<br />���� HYmited ta,reptesentations concerniag Borcower's oc�npancy of the Progarty t�e a principal residenca. If thie Socurity
<br /> — = Imstr�ment is on a leaseha3d,Borrower shnll comply with nll the provieions o£the leasa.If Borrower acquitea fx titl�to
<br /> — the Propert�,the lemsahold and tho teo title shall not merge unleas I.endar ngceea w the merger in writiag.
<br /> - 7.Pro4s�csua�n of Lender's Rithts in the Property. It Barrowor faile to perform the covcn3nte and egreomenta
<br /> � contained in this Security Instrument,or there is a legal proccedi�ig that may significcintly eftxt I.ender's rights in 3he
<br /> = property (such ae a proceeding in bankruptcy, probate, for condemnation or forteituro or to en[�ra laws or
<br /> - regulntione).then Lender may dn and pay for whatever is nec�sary to protect the veluo of the Propr,rty and Lender's
<br /> righte in the Property.Lender's actiona ma�include paying any sums eecured by a lien whlch hes pnority over thia
<br /> Security Instrument,appearins in court,peying reasoneble attorneya'fees end entering on the Proparty to meke npnire. �
<br />--- -- -=--_-:T ".lth.a•;^,.�.L•;,'!'_�*r•"ay fn�re ection under ttue Pem�ph 7,L.ander dnes not hnve to do so.
<br /> Any atnounta disbursed by Lender under thie peragrnph 7 ehell bocome ndditioael deb�i�oi norrowcr�:uro�:oy uun -
<br /> -�� Sec�rity Inotrumcnt.Unle3s Sorro�ver and I.ender agreo to other termo ot payment,these amaui�ts shall bear interest
<br /> -- from the date of diebursament at tho Note rato and ehall be payable.with interest,upon notico trom Lender to Borrower
<br /> requestiR$payment.
<br /> 8.M��ga6e Iaaur�nco. If Lender required mortgage insurance ae a condition of mnking the loan socured by thie
<br /> Security Ir.strument,Iionower shell pay the premiume required'to maintain the mortgage insuranco in offect.If,tor tu�y
<br /> rr,ason, tho mortgage inaurance covorngo roqoired by Lender lapses or ceases to be in effect, Borrower shall pay thc
<br /> premiume rcx�uired to obtain coverago substantially equivelent to the t►qortgage insurence previously in effcet,at a coat
<br /> substantinlly equivalent to the cost to Borrower of tho mortgage insurance previously in eftect, frnm an alternate
<br /> - mortgage insurer apptoved by I.ender. If substantielly equivelent mort�age insuranco covarage is not availnble,
<br /> _ Bonawcr ehall pay to Lender each mmt��h a eum equal to ono-twelfth of the yearly mortgage insuranca premium bcing
<br /> � paid by Borrower whon tha insurence c�varage lApscd or ceased to be in eftect.Lendar will accept,use and retain theso
<br /> �—: payments as n loss res�rve in lieu of mortg�ge insurance. Loss reserve payments may no longer bo required,
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