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<br /> . � . , � �.��� - -f ��. _���_ �L
<br /> . ' � 96-�p��D3 �.�,�..
<br /> 3. �sass�d or Fropertp Insursacx. Horrowe�'s�11��P tha impro�ements nocv esisting or herc tcr erecticd oA �:.a-,�;�=
<br />_ �����{����o��!��q gl�, �� rd�incl�ed cvittun the term"eatended covcrage° and any oti�et hazasds. � ,f _
<br /> iacludia�tloads or tlaading,fer which Lettdar requ�res�nsuranc�'•Tbi$����fihall ba ma�ntained in tno ar�i�,tm� e--� �
<br />--. and fot the pe�iad3 t�►st Lendar r:�u irs�.'T he insurance c a r r i e r p m v i d i n g t h e i n s w r e n c e s h a l i tse chosen b y BflrnoNCr � w.�..-_
<br /> sub�ct to I.cr�dcr`s apptbvnl wlilch ehell aot ba unreas�nebly withheld.It Bonawer fails ta maintaln cov�rega desc�i�rA �
<br /> �'``��� above�Leader may,at Lender'�option.oi�cain caversga w pro4ect�.snder's rigtste in the Propertp in aecordanca with ��.
<br /> t_,,�
<br /> paragraph 7. �.,-`="y
<br /> . A11 iasuraace palicies and renerrels s4ie11 bs ecceptnblo to I.et�der and eh�11 inciade a st�►ndard mortgage ctause. �-�_
<br /> I.ender ehall bnva the right to hold the policits anc! renewals. It Lender requi�es. Borrower shall promptly �ive to �L�
<br /> a
<br /> - _ Leader sU re�eipta of paid premiuras attd reaewal naticc�s.Ia the event of lasa.Barcorrer shall give protinpt notice w the �.::,��-�-,�-
<br /> insuranca carrier nu�Lender.Lander may make proof of lass if aai made prompt1y bp Borrower.
<br /> k,_.':,_.
<br /> " Untess L.eader and BorrowEr otherwise ag�ree ia writing�ias�,iranca graceed.v shall ba applied tn restoration or rzpair �:°�•.�:
<br /> F - ,.-
<br /> �'' �; �f the restosation or repair is asonomicallq te2sible aad Lender's secusitY is aot lesssncd.Ii the t`:�_--
<br /> r,,. of the Propar�Y dsmaged..
<br /> ;"`° � resWratia�n or repuir se not economicaklY fea�ble or Leader's sxurity would be lessened.the insurance procEeds shall be
<br /> . BPP�e�W tb�sums secured by th�e SecuntY Instrument,whetder ar not then due�witb any escesa paid to Borro�ver.If _.
<br /> Bo:rower abaadoas th:Propesty.or does not ar�swer within 30 days a notice from Lender that the insurance carrier has �,.._:;
<br /> � offered ta settle e ciaim,thesa Lender may collect the insarance proce�ds.Lender rnay use tho pra�eeds to s�epair or �
<br />' or to a svme secured bp tlus Security Insdvment,r.�ether or not then due.The 3�day periad will ---
<br /> rest�re the Property P Y �Y.`.
<br />• bepn w�en the notice is given. � ��an of roce�s to principal shall not eatead or �'��`
<br /> ' Ualess Lendsr amd Borrowez otherwise agree in writiag, Y 8FP��Il snd�as chas�ge the amouat of the gaymente. �"��'�
<br /> :��.� pestpona the due date o�t 4he ta�uthlY PaYaa�Ls rsferre$to in pasagrag -
<br /> '` If under parag�'aPh 21 the Propesty is acq�by Lender,B�,rrowes's�ight t�anp i�nnance galicies aad proceeda `-.__-
<br /> resultisig fmm damage to the Praperty Prios ta the acquisitioa rhall Pass to Len'c.�'w the e�xit e��41�s susas secured bY �;
<br /> thia Socurit9 Insh'umeat immedis'�elq prior w the acqui���n Ilr.�tlon; —
<br /> - b.�xapmeY,Presetva��m,M�intenaaoe amd Prrmtzctioa of tha Pro�e�;:83rrower's Loaa Ag�n -- --
<br /> Leasz��3da Borrower sball�vpY.establish.and use t�a�gertF as Bonowe�'s t�rs�pal r�sidence withi��J�YS
<br /> after t�e egecutiaa oi this Secvsity Instrument aad shall cautinue t� occ+.�pY t��P�9 as Borrower's�reucipal _----
<br /> residenea f�:at tea�s rane year after the date of occupanc9,unless I.ead W��2hsrwise sgrees in writutg,wlueh cos�at shall .�.....
<br />�:<f.��� aoi be axa.�n3'�i.�+�szthheld,ai ualess eYteauattag c�rcumstenc:es eszs'd cchtch are beyond Bornswe�e control.$orrower
<br /> ss� perty. � :•
<br /> . " �I���oy,�'�'^1a�e or r��usir the Propertya a11ow the Property�deteriorate.ar commit waste on the _
<br />.. �no�cs��tt�e's��ault��forPeiture act'coa or proceedinS,�haYher ci°il c'c�iminal,is beg�m that in tixndes'e
<br /> � . good i�ici'��udg�e.�a�cau13 c�-i!�in forPeiwre of she Pro�rty or ot�..�-wias materl�il�Y impair the lien created ded ia
<br /> Seeurit�'L:���'nz�r Len�-'s Eecurity i��uxst..Bortower may ev�.�uo�.a de�ault and reiastate,as pro � �"`
<br /> P���c� 18; � eet+8ing t�� action or pte�ceeding to be des� �ith a nil.ing that, is� Lende�s gand 4aith -
<br /> ��" ejc
<br /> � . detes�axn�i�a,P �� �:.:
<br /> . . recIudes forfei�tcma of the Borrower'a int�r�in�L�r�^j.o�tY mr atz.r material im eat af tduri g �
<br /> ',,�. ..�., cce�i�d'bY�3�ia Security Ipatr�ment mr Lender's seeuritY in�Borr��r shaL1 J.�n•.be ia default if Borro�es,
<br /> the lo�mpplicatioa process. gave materially false or iaaee�trats iaformatioa or atates►ic�sts to Leader (vr ff�iled to
<br /> � provide Le�der with aay material informadon)in coaaection with tho losu evidenced�Y th p�No����'�,8���� ��"_ "
<br /> � luniyed to� representations coaceming Bonow�r'a occupaneq�of the Property es a pria 'pnl ,
<br /> .. . Inawmcnt ie on a l�selro l d.B onower s h a l l w m p l y w i t h a�l t h e p r o v i s i o n s of the lease.If Borrower acquires fee title w !�..�'
<br /> the Property�the teasehold aa8 the fee title eha11 uot merge unless l.ender aSras w the mcrBes'in Wsatin,g.
<br /> ,:..-`=. ?.Pra3eeti��oi L�endor's Bi�ts�n the Property.Ii Bonow�t m Y����y�I�end�n��n the � �t"`:
<br /> � ' contaiaed in this Secarity Instrume�t,ar thero is a legal pmceedtng
<br /> Propert9 (such as a Proceedia& in banktuptcY. grobau� �for wndemnatioa or forfeit�ua or to entarce lawe or [Tf
<br /> � regulatioAS).thea Lender may do aud gsy ior whstever is nece�ar9 w Prot�ct t�e n��oi the Property end I.endar's �..�.,
<br /> `° np,hm s��he ptoperiy,Lender's ectiona may includa paying any sasns securod by a lien which has priority ovas 4his
<br />",t., �i ln.,�icument.aPP�aB iA covrt.PaYinE reasonable nttvrnoyer feea nnd entering on the Property to maka ropaire. ��.
<br /> ��� h 7.Leader das not have tQd,�EO. — '
<br /> � Althc�B,�h Y.ender may taice action uader tlua paraBraP h 7 aha11 become a8di�c�l debt of Bonower secured bq this
<br /> . Aay amouata disbursed f�9 Lender uader this Paro�mp
<br /> . Sxurity Inswmen�Unless Bonower and L.ender a�roe to other teir.ys of payr.L_e:s�.tliese amou�s shall besr inUerest
<br /> .— from 4he d.s'.e oi diebur�..amsu*at the Note taie aad shall be papable.r�r�a iuterest;c�nn aotioe from Lender tm 3urtower �:.�'
<br /> requestin�gpayment. -�iasura�cs ss a cor.dia�u of makiag the toan se��d by t.his �
<br /> s:1l�ortn�e Insvrsace.If Lenaer ra�ired�ortg,��,,,
<br /> Securi,ty Ynstrument,Bonower aha11 pay tho premiurna requued ta m.i%=�in th�asnvtga�e inHUrance in affec��f.for aay
<br /> � reasofl�th�mors�age insurance covetege reqtnred by Lender la��'s reases:��+e in effoct,Borrower s4�a11 Pap tt�a �
<br /> � . premiurna roquirod to obtain coverega substantially equivelent to td;r_��ort�agP irsurance previously in eftect.at o cost
<br /> subst�,�tiaZ1g u�uivalent to tha cflst to BortoWer o4 the mortgage s�rurance gra-riously in eifect. trom an altetaste
<br /> � . ' muzc�tC;ge insurer appmved by Lender. If snbataatial�L�y"ecluivaleat mortg�age i:�ntxsraace eaverage is a�ut available.
<br /> - Bnt`e«��'�a.`�p�aY to Leadtr each moath a sum equal ta oae-twelfth of the pes.^!;'rm.artgaga isisurancs premi.um beis►g �'.,;
<br /> ; paid 1by Bam�cc�vhen the insuraace ooverage lapsed or aa.9ed w ba in e4feca.�.er will accept.usr ar,�e�aia th�e ��=-_•
<br />� � PsYments as � 's� reserve in liev of mortgage �asuran.ce. La� teserve �3°'xPuss maq no iastg� ix require8,
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