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<br />. . S..�rd os�operty Ia�urt�uce. �onvwer shall [seep the improvements now e�"cis�ir�g or here�fier enxted on che
<br /> Property insured against toss 6y fire, hazar+ds inciuded within the term "ext�ndcd cover�e"u¢td any other hy.ards. inctud'ang �'
<br /> ttoads or flaoding.for which L.cnder requ;res insurance.This insumure shall be maintain.d in the umounts and for�fie periods �;' `
<br /> •� that Lendee requirss. The insurance catTier providing the insurance shall be citasen by Sormn�er subject to Lender's appmval ---_��
<br /> �vhicA shall not be unreasonabiy withhatd. If Borrower fails to maintain wve�age descnbed 3bove,.Lender may, ut Lender's �*-
<br /> option,obtaia coverage to pmtect Lender's rights in the Property in accordanoe with pz,�agraph 7.
<br />-, _ All insuranx poiiaes and renev�als sha!! tse acteptable to Lender arA shall incl�de a standard mortgage ciause. Lender �-
<br /> shall have the ri�ht to hald the policies and reaewals.If Len�er requires.Borrower shall promptly give to Leuder a11 reccipts of � `
<br /> � paid Qremiums and renewal natices.In the event of loss.Bo�ower shall give prompt aotioe to the ir�surance carrier and Leader. --
<br />--�Y L.ender may make proof of Ic:ss if not made promptly by Borrotiver.
<br /> _ U�less L.ender and Borrower otherarise a�e in wriring, insur�nce pmoeeds shall be�ppti�to restarstion or repair of the �'
<br /> ;�r Progerty damsged,if the restorauon os repair is gcanomically fsasibie and Lenster's secusity is nat lessened.If the restoratian ar r
<br /> �"'�`: repair is not eeonomically fea5ible or Lender's security would be lessr.ned,the insuranos prooe�s shall be applied to the sums —
<br /> secw�ed by this 5ecuri�y Iastrument, whether or not then due. wirh any excess puid to Bnmawer. [f Borao�ver a6andons the
<br /> �F�roperry,or does not a.nbwer within 30 days a notios frotn Lender that the insumnce carrier has offered to settle a cluim.then •�.•
<br /> � L.ender may collect the insurano�prooeeds. Lender may us�e the pnoceeds to repair or restore the Propeetyr or to pay sums .�.-
<br /> r < secured by this Securia��suvment,whether or aot tlten due.The 3Q-day periad will begin when tfie nutioe is given. ___
<br /> •:� � Ucless Lender aztd �arcower oUterwise agtce in writing. anY aPP�cation af proceeds w principaf shafl aa�t extend or
<br /> postpone the due date oi t�e asnnthly �aymenu refercmd to in parag�aphs t and 2 or change the amount of the paymems. If
<br /> : ander paragraph 21 the gr�e,-�y is��ai by Leader;IIorrawer's right to any insurance policies and pmceeds res�ilting from �
<br /> damnge to the PropertY Frir�n'zv tae��isition shaiL�S t�Leader to the extent of the sums secu�d by this�ecuriry Inswmeat _��._
<br /> iaunediately prior to the a;�.�i�ition.
<br /> �s�-
<br />`-,;,'f 6.Oec�xaneq.PceservatFan,l4Taini�ance aad�atecLton of thE Pnopprty;Borrowes's Loa�f Appticatian;Lease7�atds. �
<br /> `.__�? Borcower s�,�`�occupy.establish.anc8 t�the Pro�erty as Borrower's principal resideace within siary days after the executioa of °-f'=
<br />:':`':' this Security Iushviacat ar.d shall continue to occupy the Property as Borrower's principal residence for at least one year a#tet �T
<br /> xhe dste of occupaacy,uaLss I,ender atlrz�vFse agrees in amting, whieh oonsent shall rrot be unreasonabty withheld,or uniess 1
<br /> eateuuating eircumstatc� �!ririst wluch are beyond Borrower's control. Borrower shall not destroy, damag$or impair ttie ,
<br /> ,
<br /> � Pcoperty.afIcs�+the Propeity to deteriorate,or c�mmit waste on the Property. Borrower shall be in default if an forfeiture ���.
<br /> Y
<br /> actIon or pma?eeding;whether civil or criminal,is begun that in Lender's gaod faith judgment coWd result in forfeiture of the �
<br /> , Property or otherwise materiaily impair the lien c�ated by this Sece�ity Insuument or Lender's seauity inoerest.Bosrower m�ay '°�'
<br /> cure such a default and relnstate.as provided in p�agraph 18.by cansing the action or pracee�i¢g to be�ssed with a ruiing '��
<br /> � that, in I.ender's good faith determina�inn, prec��es forfeiture of the Boirawer's jntere.t 'vx t�E:c Pmpect� m:other material '�
<br /> :��:.2 impairmeni of the lien created by this��rity Y�r.�nent oz Lender's security interest.�y�sEr shall atso be in def�w:if �
<br /> _�_,:� .8orrower.during the loan applir.atiaa gsr�oess,gave�atarially false or inaecvrate Inforen�.�un cr:.�usments to Lender(or.€�.d •
<br /> _ to provide 'Tirnder�vith any tnaterial infi�rn►ation)in ccanection wIth the toan ev'vlenced by:�7,�Tote,including,bnt not W�:^,zd
<br /> ��.. ::��s W.rePreserr�.;LS wn�n°.:i�g Botto�ver's occupancy q1F�the Property as a pr�nci�'!m sidence.If tlus Security InsWment is on st .;!�'}c;;,
<br /> .,:j}:t leasehold. 6�•s,vwer si:�i�i�?omgly with all the pmvisions of fhe leas... If F.�emr� acquires fee 6tte to We Property,t� ,`�Fk,'.`
<br /> `� �� teasehotd�i�¢��.fee tihe'sball nat merge untess l.ender agrees to tiw me�ger in writing. ��`• � =-
<br /> a''`�f �.Frttas�ss�a of Lendei's Rfg6ts tn the Ptopertq.lf Borrower fails W perfomi the covenants and a�ents oontainc�'�i
<br /> � ;; this Secur;:z,lt�,sarum�m, or there is a legal proceeding that may significandy affeci Lender's rights in ths Property (such as a �
<br /> . proceading in banYruptcy,probats,far condemnation or forfeiture or to enforce Iaws or regulations),then Lerrde��aay Qo and . ,.��;• -
<br /> ' pay for wLateves is necessary w pmtect the valuQ of tSttt P�aperty and L,endex's rights in the PCOpetty. i.en�ler's actions may =
<br /> " � ° include paying any sums secured by a lien wh1�e6•has priority over this Security Insnume��; uppe�aring in court, paying
<br /> i�y'-�""��� reasonable z�qmeys'fee,s and entering aa ttto Property to malce repairs.Ai�hough Lender maj�e acdon under this paragrapb � .
<br /> ?-= ; 7,Lender�uius not hava to do so. _
<br />�`"��° My �a�nts disbursed by I.ender under this garagraph 7 shall became r��ditiontil debt of Bomower secure+d by this
<br /> � •�'� SecurIty Ins�ment.Untess Borrower and I.ender a�ee to other terms of gn�vr�.,these nmounts shall bear interest from the �
<br /> • � �' date of di�ti�sement at the Noie rate and shall be payable, with i�2ecest, u�trr�m�uuc�fr�om I.ender to Borrower requesting
<br /> �� PaYment. � -..
<br /> ,.•':t � S.�ge Ius�anoe.If Lender requIred mortgage insurance as a condition of making the toan seeuced 6y this SetUrity •. ��A
<br /> ' �`: ° Insuument,Borrower shaU pay the premiums required to maintain the awrtgage insurance in effert. If. for any reason�the
<br /> �:• g,ege insurauce coverage reyuired by Lender lapses or ceases to be in effect.Borrower shall pay the preauums required f.o
<br /> ,. mort ��:.:
<br />� " '� obtvn coverpge substantially equivaleni to the mortgage insurance previously in effect.at a wst substantially equivalent to the
<br /> '''���� , cost to IIa'a�wer of the mort e in:ur.anoc reviausl m effect,from an alternate nzort a e i�svrer
<br /> -�.�;�) :: P�S P Y � 8 G ePProved by Lender. If —
<br />,;�;;�� � substantfr�;�"ar�uivalent mortgage ias�r,u,n•e coverage ia not availab�:,Borrower shall pay to�3'rar each month a sum equal to ��
<br />_"�,..F : oae-twel�Y+��the year{y mortgage insurszee pr�emium 6eing paid by Bonower when the ins�rance coverage lapsed or cea.s�d to :���`:
<br /> . _,; be in effect.Leader wi11 accepi,use and retain these payments as a loss msenre i.rn lieu of mortgage iasuraace. Loss reserve ���"
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<br />�,�� t Farm 3028 8/fl0 ""•'.
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