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<br /> .•F�r � �El�fSir�F� �_
<br /> g, Hi�p�pT E�p o�i�l �nce�r.inaie� g,��trer shall keep ths impxovements nuw existing or her2after erected on the
<br />,,,i � $�t�ct�y ic�ured n�ainst Ioss�y fire.tt�ands iacluded witx►in the term"ext��ed mverage° and a�sy other hazards. indading �'
<br /> f3tt+r.k+:.oz Raadi�. for which Lender requites jr�uran�e.TGis insuraRCC sh�ll�z in�inwaned in the arncunts and for d�periads --_
<br /> ;;;y � c_�;ti:�iGr'•dQl':�'�qy�res.The insuiartce carrier pmviDins th�insnr�nce shall !se chos�n by Borrawer sub,ject to Lendei s approval �;_�
<br /> �,;, . s��i�tii:.st!rti��'�t be unr�son�bly�vit6�hetd. If Botro�i•er fai[s to m�intain cove��ge desz`ribad alsove, Lender may. at Le�der's �
<br /> =i.� �FF�t�,i�i�i:�coverage to pmi�ct Lender's rigt►ts in th�Yrapzriy in ecconia.aire with p:ra$mph i. �
<br /> �" Al! insurance pollci�and renewats sha11 he ascc�tabte to Lcn3rr nnd�ttall inciude� standard �rzoztgage claus�. Lender _.___
<br /> . si�ap have ihe righ¢to hald the policies and renev+als. If i.ead:,r reqtiires.Borrotivet shalt pmmpdy give to Lender sU cecelpts at �
<br />;,.�� paid p:emiums and rene�va!norices. In the event of loss.Borrower shall give prompt notioe to the insurance carrier and Lendzr. —
<br />� GeQttee rstzy make p�oof of loss if rwt marte promp.iy by Borrawer. �
<br /> Ua:�s£.ender acd 33�rrower othen�+is�agtt�ia�vciting,insiarance pz+eceeds sf�all�a{splied to restoration or regair of t�e �-�
<br /> '.-� Proprrty d�ged. if�he restoration or eepair is ecoaamically feasible and Ixudee's se�vaity is not tcssened.If ths restaration or =-
<br /> repa'sr is aot economially feasibie or Lender's s�curity would 6e lessened.the insuiance proceeds st�all6e appiied to the suras �~•
<br /> " sccu�d by this Security Instrumen2, wh2tfies or not then dus.witii any excess p3id to Borrower. If 8orrowe�a6aadans the
<br /> � Pruperty,or does nat answer witItin 30 days a notice from Len3e�r that tFc:insurance carrier has offered to seitle u cl�m,then ��`
<br /> Lcr.Qer may collect the insurance proceeds. Lender may use the pmceeds to repair or restore We Property or to pay surns
<br /> secured by this Security Insuument,whether or not then due.The 30�y pY�i�sf will bsgin when the notice is given. •
<br /> Untess Ixnder ansD Borrower otherwise agree in w�riting, any apPfic3tion of praoeeds to prinripal shall nai extemd ar �:':'�F
<br /> : .� ponpone the due d2te nf the monthly paymiuts referred to in para�aphs I antl 2 or rhange the amount of the payments. If � �;___
<br /> `'i'i uaQ�r paragraph 23 the Progerty is acquired by I.ender,Borrower's right ta any insurruzce policies and proaeeds cesulting from
<br /> -- � d�mags to ihW Pro�ercy prior to the Bsx{uisition shall pass to Lender to the extent of the sums s�cured hy this 3ecurity Instrum�nt
<br /> ia�m9di2Y��-}�ior to the�quisition.
<br /> ��'';; 4�.�cy,Pr�vatioa,R�a�denauce ead Ptcutection of ttte Property;Borrower's l.oan Applls�tIon;I.easeSolds. -. --
<br />' � ` ��'Borrower s�l axvpy,�lish,and use the Praperty as Borrower's principal residence within sixty daya ruft�r the execution of �_ -
<br />�. ' this Security:;asm�ment aad shall oandnue to occupy the I>ioperty as Borrawer's principal iesidence for�t Prr�.st one year after �-��°°�
<br /> , the date oFtx�.�paacy,nntess L.euder otheiwise agre�s in writing,whici�wnseat shall not be unreasonabiy a+ithheld,ar untess �;
<br />- extenuating circumstaaces exist wS�ic��are beyond Borrower's oontrol. Borrower shall n�i destnoy, damage or impsic t�e v
<br /> ` %� Peop�erty,aflnw the Property to deie'n:uate, vr commit waste on the Pcoperty. �arrower sbaU t�e in defautt if any fo��ne
<br /> _ action or proceeding,whether civil or criminal,is begua tGat in Lender's goad faith judgment coutd resuit in forfeinue of t$e '�
<br /> � Pc�operty or o�thenvise materially impair t3�e lien cmated by this Secarity Instrument or�nder's security interest.Bosrower may . '`=-.
<br /> ,.,i,,. . ��,
<br /> - . . cure sucb a defauit and reinstate.as p�vi�ed in para�aph 18,6y causing the action or proc�eding w lse dismissed with a rc.3ing
<br />`' � tha� ur Leai+�,eu's�nod faiW determir�iam, Precludes for€eiture of the Borrower's interest in the Property or other trs:*�a1 , �;
<br /> '�I� ; impairmenf d�the lien created by thi3 5�urity Instmment or LeAder's security intetest Sosiu::ar shall also be ia default if -
<br /> f�:���,,::•: .�orrawer,during the loat�applicatioa pr�ress,$aca auatertally false or inaccurate infom�ation or stazem2nt¢�I.ender(or failed _..
<br /> `�� ��' • ta grovide Lender with r���anateria2 information)ia i�anmxtion with the IQan evIdenced by the Nate,irr.�n$ic�,bnt noi timited ��
<br /> -' r': ��_.'
<br /> ;..:.; �W.representations cancer�iin$Borrow�:'s occupanry of th�Property as a principai m,�idence.If this Security Iasuumeni is on k �
<br /> .``" ` teasehotd, Botrower shall comply� a�vtt��a!1.tIie pmvisions of th�te�se. If Borrower acqui� fee dtte to she Froperty, the �
<br />;:�� ; �
<br />.�; 4�: lcasehold and the fee title shall not mfr,a:imt2ss�.ender agrees to the mcrger io writin�. �
<br /> .- 7.Peotedinn�f I.�td�''s Rlg2us in the Psopesty.If Borrower failti to prrform the coveints and agreements containa3 in . ,.�-=;.
<br /> ' . .� this 5ecuriry Instrument;=a�r4hera is a legal pmceeding that may significantly afi�a:t i.ender's'rights in the Property fsnch as a .
<br /> proceeding i�6ur7GUp2�;probate, for conderru�atloa or forfeiture or ta�enforce iaws or cegulatians).then Lender may do at�d
<br /> ',; i PaY for.wheF�ver is•nes�ssary ta pmtec4 the valua of the Property au9 Lender's rights�in t�e Froperty. Lersder's aciions may _
<br /> '_';::;�i:.� i�lucc� P�}i��any.su� secured ts}�.�_nir�s�.w;�i�'� haD priority over this Serurity.tnstn�.'at, appeariag in �urt, QaYing !
<br /> ;;.`i , reasonab2c s�ttomeys'fa.a:�i entering on the Prap:rty to�maJc.�pairs.Altho�gh�.eadeY may take actton.�:nder this gar�graPb.
<br /> ' � � P,i.en�er Qoes not have.�:o do so.
<br /> .��'� � . ,,� Any amounts disis�:�sesi by Lea�ar under tuis paragrapL ? shtill become�additional.deb2 of Borrorr8i secured Dy this
<br /> �:
<br /> - . Securat�+Iash�►ment.Ualess Borrow�rr c..�1 Lender agee to othes terms of payment,these amr�mr.:��.,ts shall b�ar 3i14ec�est fro�the —
<br /> _ ' date of disbursement at the Note rati.r�ra¢shall 6e payable. with.interest, upon noticc fna.'z�&�ndes to Bosrower requesting �_
<br /> � - . paymant.
<br /> �_
<br /> , 8.Mor�ge Insvrance.If Lender requi�+ed morcgage insuraace s�,s a cor�clia�n of malcing[he toan secured by dii�Security _
<br /> �� Instniment.�orrourer shall pay ths premiums required to maintain We mortgage insurance in effect. If,�for any reasoa, the
<br /> .:.,awrtgag�t;.nsmance coverage required���Lxnder Iapses or ceases to be in effect.Bosower shall paY the premiums requlred to �. �.
<br />.,` :,,,� :'.'�. .obtain c��;:�.age substaatially equivaleuc rr�the martgage insnrance�.*.eviousiy in effoct. at a cost substaaNalty_ec�uivatec+t�the
<br /> ' ��� ' :`+4:ast to Doirower o£the mortgage insur'�ce prevlousIy ir►effect. from nn alternate mortgage insurcr apFroved by Lenacr. If ��
<br /> • � �� sut�lltan�ally eq¢iva]ent mongage insurancc ravere,gt i:s not availabie,Borruwer shap p�y to Lendcs eacfl ar�sLh a sum equai to � _
<br /> : . . ::n�aa-�twelftb of the yearl y mortgage insutance prei:.�^�being paid by Borrower when the Insuranc�caverag�2apsed or ceased to . �'.'
<br /> . ; .
<br /> - ; s toe in effect.I,ender will acoept,use und c�tain these gaymeau as a toss reserve in lieu of r.;�:,.-t�age insuraaee. Loss rese�rve �'
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