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<br /> � �o Et�sa�aaat�. Boaawer shall kxep the improve�ents r�w exesting ar �ereafter erectcd on the �';`��
<br /> , S. H�rd ar geriy ----
<br /> = e�rope�iy i:jst.:�agai�t t.;,�by f�."..�r� Ir.r�:.�d with�n the term "e�ter� covera�;e°ttr+d a�}+ other hazards. inc1udiag �=:
<br /> flo�c�s ar flaoding.�or cvhiet►Leczder requires insurance.'this easurunce�hal!be maintain�in the amc�anes and for the periQds F,
<br /> that Lentier requires.Th°,insurancc caxr�er Providing the iasurance shall be ct�se.n by Bonowar subjcct to Leiader s approval �:�`
<br /> . �r����:
<br /> wtuch shall not be�nrasonably withhetd. If Borro�ver fait�to m�intain wvera�descdbc�d above. Y.ender may,at Lender s : ",-
<br /> _", opdon.ohtain a�verage to prote�t I.er.der's eie,,tus in�he Property in aocordance with pam�p�7. ''�� ,•:
<br /> All insurance�olicies and r�nswafs shail be acceptabte to Lender ana shall inclade a standard mort�;age clause. Lendsr .r��.'
<br /> -�, shull have thc right co hoI�the policles und renewals.If Lendee requires.Borrower shall pmsnpt�y give ta Lender�!1 recaapts of _ a.�.=-
<br /> ���^=':
<br /> _ �id gremiums Eud r�tira!aotic�s.ln the event of loss.Borrovrer st�a11 give gmmpt nnpce to the insuranc�cartier arxi Lender. ____ -
<br />: �,, _--�.
<br /> . - i,ender may make pmof of ioss if not made promptly by Borro�ver. --
<br /> ` dJnte�LendQr and Borrower athenvise agee in wtiting.insusance pmceeds shali be applied ro restQration or repair of the �_
<br /> E property d�a3gzd,if the restoiutian or repair is e+conomically feasible a�Lender's security is not lessened. If the restoiation or ��v7-`
<br /> r�pair is aot econonnirally feasibts or Le�s�ecurity woutd be lesseasd,th�insurance pros�eeds shall tre appCed to t6e s�ims � _
<br /> �ecured by tbis Security insuument.w�ethe�or aoi then du..with any excess paid W�aaocveq. If Sorrower ab.rr,�w�s the �..-:_
<br /> ' Property.or does�ros�Ner within 3�days a aotiae from I.ender that the insurance carraer hss offesed to settle a claim,tfnen _-
<br /> I.ender may collact the in.�urauoe proce2ds. Lendes may use the proceeds to ispair or sestore the Prop�ty�;to pay suffis �?�=`�.r
<br /> rtal�'31 b2gir+uhen the nfldce is given. �;:�-`--".
<br /> secured by this Sec�rity Insttument,svhether or not th:n dne.The 3Q�daY P� �..—_
<br /> ., lJnless Lende�and 8ormwer otherwise agree in writing,, any applicarion of pmceeds to principal shall not extead or =----
<br /> nts refer�ed to in paragraphs 1 and 2 or c6ange the amowit of the paymen9s. If ��°=
<br /> � postpone the due date oF tne mont�ly payme r ed �---p
<br /> u�ot parAgaph 21 the Property is aoquimd by Lender.Borrawer's rigt►t to aay insutance policies and procerds resu�Iting from ��..:
<br /> ' , daa�age w the Property prior to the acqnisitioa shaU pass to Laader to the extent o!the sums s�c,vred by this Security Instmr�ns __—
<br /> immedlately prior to the acquisiuon. .,�
<br /> .� 6.Qcr.¢gaacq. Frese�vatinn,Ma�ntenr�ce and Prutectian of the Property,�osro�s Loan�lppHcatton,Lease6nWs. _ ��
<br /> � Barmtiv�r.'�!1 oocupy,establish.and ose the Property as Borrcm�er's priasipat resideace tv3ltdn sixry days aiter the execution af �,_.
<br /> �� `• • , �as Borrawer's rincl residence for at ieast oas year after ``—
<br /> this 5��Instntm.nt and shall continue to oocupy the PropeRl P P� ��`
<br /> . �`, the date b�'occup�ns.;tn rmless f.ender otherwise agrees in writing,which wnsem shall not be unreasanab�ly withheld.or u�tess �
<br /> extenuating circum.=.0�,.'�s enist wlvch are beyond Borrower's cantral. Borrower shaU not des�oy,damage or irapair the �s;,�.
<br /> Propesty,allow th�P[operty to deteriorate. or cariunit waste on t�e,Ptoperey Horcower shall 6e in defaiilt if any farfeiture ;�.:;
<br /> � � t coutd reraalt in forfeiture of the � �'<•
<br /> ,--- aciion or proa�.edin�,whether civi}or crlminal,is began that in Lender s gaod faitb jnd� !
<br /> , '.. Pcoperty or athenvise mat�ria8y impair the liea create�by this S�urity L�sirument or i.e�4�'s secunitY Iat�rest. Borrowet may :�•,.
<br /> � cure such a default smdi�nstate,as provide3 in}�aragrdph 18.by cansIng thQ A�ion or psesceeding to Toe dismissed with a culu�,n
<br /> tl�at, in Lender's gc+��dPee�tion,.Pre�Wc'.:ss farFeitatie of the 3�aa't�'�'s intarest in the Property or other mateiial; :�.::;;;..r"_
<br /> - impairnnent of the lizn createQ by t6is Security�nrn�nt or Lender's s�,rt�;'�nt�sest. Borcower si�all atso 6e in defautt if '���:'.::;;'.;�—.
<br /> Barmw�r:.during the loarc applicaaioa process.gm'e mazedsdly.L';�u os ir�:is�ta inforn�ia�n or statements to Leader tu�failed �.'., ���
<br /> � ta pc�*LnSr��adet avith any matesial information)in connecilo���the�o�evidenced 6�J��Note.iaci�ding,6at nr�Y tsuuted , i�.,-..z,.
<br /> ' • 'uy;ai�c�tation;concerning 8onovrer's ac�upar.;cy of the Progerty ss a p�cjp�al residence.If this Secanjt��Ia�uum�nt is oa u ;t�=•���
<br /> ' [ease�old, 8aaoerer shal!•comply witb a!! th..�rvisions of the lease. E�f�Rpsj'ower acquires fee dtlz�xo 311e Froperty, the
<br /> lpsehold and the fee atte shall not m�rg�uaiess Lender agrces to the merger fn writing• . –_
<br /> T.ptotedlon of Le�der's Yiighi�in t6�P+vopesty.If Eonower fails to gerforaa ti�e covenanu and agreements contair+ed in
<br /> ' . • ttis Sc�,'�ty I��.strument.or there i3��egal praceeding that may significantly affeei Lender's rights in the PragectY (such as a _--
<br /> grocee��::n b3nl�vpuY+PIOI�3t�•for_candenmatian or farfeinue or to enfara�.iaws or regutations),tbea Lenrler m�y do and ,
<br /> • pay far�'u.�s3c�er is rieces�aty to pmiect Ws r.�1pQ of the Property and I��Qteti's righta in the Property: L+�ndel's actions may ' �,
<br /> include��rz;�smg ar►y snms sec�red by�a li�.v�kr�cb has Prioriry over tbrc��Security Insuument, appearing in eauat, paying.
<br /> . reasbiw�:auo�neys'fees�l eaierir.�;+op th�.�coperty to malce repai�.Atffiough Lender may taYe aalon under this parngrap!► '� _ _
<br /> 7,L�r�'r�docxs not t�ave to da sa. � . , .. ' . ---
<br /> Any amo�ints disbutsed by Lender ccrvl���iis paiagrspA�7 ehall b�ome additional d¢bt of 8orrawer s�J!t7y this. , °
<br /> : Security Instrumeni.Uatte&s BOrrower and Ler.�etc�gree to other terms of,�au��7tent. these atnounts shal!,a.xaz usurwis��?��xtt the �,_
<br /> ' date of disiwrsement at the Note rate and shall be payable, with intenest,r�pan notice from L�der co BurrowEr'+:s;aesting � �
<br /> �. „ �•, PaYcrxnt• � . . ,
<br /> 8.MorQ�age Insurance.If Lender required mortgage insurnnce as a condition of m�king the loan secumd by"t�;tn�::�edudty _
<br /> "; � Instrauient, Barrower shall pay the premiums required to maintain the m+ortgoge insuranc�e io effcct.T�. for any���!�..ron, the ��
<br /> • mortgage insurancc a:.veaage require�by Lendcr hapses or ceases to be ia�f�ct,Borrower shall pay ttr(�cemiums reQuired to !�"•
<br /> �. obta3n ca�erage su*,•�Rialty�uivalent to t�e�tcaq„age insurance previou_�;�la effect,at a cost sulsst�:��xily eqa�valent to the ,
<br /> wst ta 9orrower af the mortga,�e insarance prtry:�w.sly in effect. from an oltemate mortgAge insurer approved by l,render. If. �.,
<br /> , substun6l.ri.�y ecNivalent mortgage insut�nce wvetaga is aet available.Borcower shall pay to Lender each monttt e surtt:equal to . .
<br /> � one-���:�of the yeariy mortgage insurance premium bein�;�c�r�by Sorrower wl�en the insurrnce coverage lapsed cs h��sed to
<br /> ., . . �, be in effeCt.I.ender will accept,uso and retain t�:fia�ayme::!tx�;s a loss reserve in lieu of mortgage inslunace. Loss res�rve "
<br /> • ' Fam 3028 919�3� ,�
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