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<br /> . • . S. I3uard or Progertp Insurance. Bonower ehsZi keep tha impro�ements nocv esis6iag or hereafter erected on '� _
<br /> tna Ptoperty insured against lo�by fire.hszards included within the term"estend�covera�e"and any other haz�rds. ;.i,;�;r.
<br /> iaciudiag floada or 41o�ding,for which Leader require.s insur�ce.This insusance shall be maintaiaed in tha omounts �,_--'
<br /> R ahal
<br /> and far tha periads that Lender requires.The insurnaee c-���rov:3iub tta�isL�ur�_ �1 be chosen by Borrnwet ���- -,
<br />`;_? sub3ost to Leader's apprava!whicb shaSl no2lie unreasonablyp ithheld.if Borrowes feils to maiatain oo s�rda�w'�th �:�
<br /> E�='�,�-_
<br /> above.I.ende�taay.at l.ender's aptian.obsain covoraga to rot�ct Laader'�righta in ths PropertY� �
<br /> �::;-�`
<br />- ParegraPh 7. �...
<br /> All insutanCe Poiicies snd renecvals ehall be ac�pta62e w Leader and shsli indude a smndarc3 moxt�age clatt�.°. -�---=
<br /> n
<br /> - Ltnder shall havt the right w�old the P�ewa�l a�ces.In t�he event of loss.�rrro Ber shal svse prompt not ce�tn the `���
<br />�� Lender all receipts of gaid preaiiums aad ren ., .,.r'':
<br /> insw�aaca carrier sud Leader.Lender may�saake gracsf af lasn ii aot�ade promptty by Borrower. ,..;�:.
<br /> Uales Lender sad Boreawer otherwisci agree in writiag.inEUrance proceeds si�all lse applied to restoration or repair �;�__
<br /> is
<br /> of the Propsrty damaSed.iY the resWration or repair is ecc►�omically feasible and Lender's security is uot lessened.If the
<br /> ' restoration or repair is uot econosnically feasible or Lender's security woutd be le�ened.the i�surance Pr����1 be ��F�
<br />, � a�Plied to the sums secuced by this Security Iastrument,whether or not then due.with anY esces�paid to Barrower.If �..,.�T
<br /> ' Sorrower abandons ths Propercy,or does eot ansvrer within 30 daps a notice from Lender that the insurance carrier has --
<br /> offe�d to settla a claim,then L�ader may collect the iasusance groceeds.Lender map use the proceeds to repar�� �__-_T
<br /> mstare the Propert5+or to paY suma�cwed by this SecuritY Iashvmen�wheiher or not then due.The 3o-dap p�i �—_
<br /> .. begin when the notice is given. �`��
<br /> Unless I.end�r and Borrower otherwise agre9 in writing,at►Y BPPlication of gs�eeds to principal shall not eatend or ��r�
<br /> • postpone tb.e dues date of the moathly PaYmen�referre�t°'a pa�'°�ap�s 1 and 2 or change the amouat of the paymen4s. f :.
<br /> ` � u under paragraPh 21 the Propetty is ax�utrea by I.ender. Borrovrer's right t�any ipsurance policies and proceeds ��. �
<br /> ��,�:,,.,
<br /> ' resultiag from damage to the Pmperty Prior to the ecquisition euaU�as$to L.eade:to tlte esteat of the soms sec Y --
<br />•�� thia S�ecurit�+Ins'trument imme�ii2tely prior w the aoquisition. —..
<br /> 11b
<br /> 6.pccopan�y,Yrtsxavffiti�,'«'Iaiatenauee and Yro4ection oi th�Propc-rty:Bonower's Loan Ag�Zi�stion; _--
<br /> Leasehotds.Borrower sball axul>F,esiablish,astd use tha Property as�orrower's pzncipal residence wit�sisty daYs . �;�:._
<br /> ' after the esecution of ttus Sacuritp Ir�rvmeni and ehall con�nue w occupY the ProP�9 � BorroR�rs pr�n�iPal � -
<br /> residence for at teast oae year a£ter the��f axupanc9,unless I,ead�t otherwise agrees ia writing,which vronsent shall �°�
<br /> ,.':.�:'. not ba unmasonably with�aeld,or ualess estenuating circumstanc�s e�which are beyond Bon��.�s control.Barrovrcr �:-�.:-=,
<br /> . shall not destroY,damage or impa'sr the Property.a11aw the Propert�to deLeriarate.or comm:e wasie oa the Pcogerty. �,�,:
<br /> Boaower shatl be in default if aaY f4rfeiture action or praceediag,whether civil or criminal,ie begun 3hai in I.ender's �,,,..
<br /> . gaod faith judgt�seat could re,�ult in forPeiture oi the Property or oiherwise materially impa'sr the lien��by�
<br /> s
<br /> Securety Insertns�ent or Lender's securitY iaterest. Bor�amer map cure sueh a default sud reinstate.as pr�vided in
<br /> parageapD 18, � causiag tAe actioa at proceediag to be dismir�d with a ruling that, in Lender's good faith _---
<br /> � determinatian.Prxludes forfeiture of th.p Botrower's intereat in the Fivperty or other material impairment of the Hea . .�
<br /> created by thie Securit9 Instrument or Y.ender's securitY interest.Bonower�at�a1sa be in default if Bo�awer.duria�t �:_
<br /> . ttie Ioan applicatioa procesa, gave m��.erially falsa os inaccurate informatian�statements w Lender G.ar fa�'led b� �:��..
<br /> but not
<br /> °�:nced by the Note.inc.-�ng, �:-�=,
<br /> � provide Leader with aay material infur��tion)ia connectianoflth Pro��as a rinci n�c�idence.Ii this SecuYity. a�.
<br /> CtIY
<br /> � limis�ed to.repr�entations concerning�rrowefs accupanaY P�9 P P feetitlet� .
<br /> Instreiment is an.a leasehold.Bonower shsll comply with all the provisions o!t�e lease.If�sr�wer acquires �._
<br /> •
<br /> .. I the PropertY.the leasehotd ast�the fea tifla shaU not merge,ualess Lender agrees to t�e iaerge,~in wrlting. _--_
<br /> � 9.P9rotection oi Leadc�s 1tiShts in the Property.���that may gni�captl af Lender'�e righte'in ths
<br /> �- containett ia this Sreu�rity�.^.stsument,or there ie a IeB�P�ng � �.
<br />_ -- propertq (sucbe as a procceding in banlcruptcy. Probate► for caad_°rnnati�otnthe value of the P perty eud 1Lender's �-;�-
<br /> . regulations),t�a Lender map do aad pay for whatever is uxessar9ma�ured by a lien which has prioritpY oeer thia _
<br /> rights in the�pertY•3.ettdr`�t'e actions may includa paqing any
<br />�� ��., Seer,;�itq Instrtum�nt,aPP�ri��in cous�t.PaYing reasonable Attornays fee,s and erz�-riag on the Propertq w matce regnire. ____
<br /> • AEt�,�ugh Ler.ster maq taYe��can under tiva P�8*�Ph 7,Lender does not h�ve ra�a so. _
<br /> Apy amQtJiL�d is b u l 5 e d"o y L e l l d e r u t t d e!t h i a p e s s g c a p h T e h e l l b e C O m e sd�4rr.:r�a1 debt ai Bonower secured 6Y thie
<br /> Se,curity Is�stc^�r�es►t.[Jnles9 Borrower ae�i Lender agree to othes terma oi paymen�.these a�ounts e h a l l b e a r in t e r e s t � __.
<br /> 4som tha date of disbursement at the Note rate aad shall tie payable�with iaterest.upon noti�fte�om t.ender to Borcower � —
<br /> ---= �ag paYr,zsnt. w^. insuraace as a conditiaa of mElcing the toan secu�ed by this
<br /> �8.Mortgs�m Iasvra,......If Lender required mortgage
<br /> , .•-'`��� �,curit9 Instrument,Bonower shall paY ttie premiums ralu�red to munta�n the raortgage insurance ia efiect.Ii,tor any ��._.
<br /> � ??�;' reason.tho martgage insurance coverage requirod by Lender la�es or ceases to ba ia eifect.Bosrower ahaU PaY� f"-
<br /> � . �,semiums required to nbtaia coverage substentiallq equivalent to the mortgage insvrance previously in effect,at a cost _
<br /> subsmntially equivatent to ttie cast t� B°''r°Wer of tha mortgage insura�ce praviously ia e4fect.from aa alternate
<br /> � �t�rtgaga iasurer appr�w�c1 by Lendet. If subst�antially equivalent mortga�e insurance coverage ia aot evailsb:e.
<br /> Borrower shall pay to Le�':�each month a sum equal to oae-tavelith of the yearly mortgage insurance premium 6eiA8 _�
<br /> peid by Borrower when tha insurance coverage lapsod or ceased to ba in efPect.mde�s�i��t'1 �o ger be requttod. . _.
<br /> p symeate as a loss reserve in lieu oi mortgaga insureace. 1.oss res�n'e peY
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