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<br /> . 5. Ha�rd or Frop�rtY Insormnce- Hurmwer shall keep the improvements now existing or tiereafter erect on the ' ;;�_
<br /> . property insured against loss by fire.haaards included within:he term'extended coverage" azcd any other harards, inciudiag i�
<br /> � floads or floodins. for which Lender requines insurance.This ins�.*a++cQ shall be maintained in the amonnts and for the periods
<br /> - that Lender ieqnses.The insurance caarier providis�g the iasatance shall be cliossn by Borrower subject to Leader's appmval ' �: _
<br /> . 1E
<br /> wt�cfi►shall not be unreasonahly withheld. If Borrower fai15 w mainrain coverage descn'bed above, Le�uder tnay. at LendePs '�:�:.�
<br /> � option,obtain wverage to�aoiect Lender's rights ia the Property in accardance with paragraph 7. '�`���=
<br /> All insurm�e pnlici��sl renearals shall be a�eg2able to Len�lzr and sht�ll iaclude a standard moagagc ciavse.Lender
<br /> r�l have the nj�a to iw�a��e policies and renewals.Hf IIr..nder requia+es,�orrotiver shall Proml►flY Srve to Leader ail receipts of w��
<br /> � �id �:,.�t renetiwal natices.Ia tl�e event of toss,Boirower s➢�1�ive prampt notice w the insurance carrier aad I.ender. ��',�_,».;
<br /> s E�� �a°��� _
<br /> I�r mz��praof of loss if not�?e promptly by Borrower. ���
<br />,;.�f.�_ Un2�s�ar and Borcower oth��r�agree in writing,insurance pmceeds shall be applied to restoration or repair af the ° _
<br /> L�ccs^�ty da�:.'�i,if the�r�sion or rr.�r is eoorromically feasbte and L.eader's secauiry is not lessened.If the restoratlon o� ��--_�=
<br /> t�r_:
<br />. ��r is not 2conomicall��v:�le or I.ender's sec�rat�c mould be less�ne:i.the insuraace Pmceeds shall be applfed w the sums E!?:•`'• -
<br /> . �s�.+red bY ttqis Se�riry �e�t. whether or noY�Wr n dae,with any excess paid to Borrower. If Borrflwec abandoas the �.,-:
<br /> L qtS --
<br /> property,oz���at�.,�r,rithin 30 days a noflce£�m I.ender tbat the insurance c�rrier has offeied to settle a claim,then �
<br /> . L,ender may �?:.'�th� ;::.��nse prac.ee�s. Lender may n�e the praceeds to repair or restare the Pmperty or w pay sums �'�T_"-
<br /> t ..
<br /> � �red i�y t�s 5�uriry�rrs�vmEnt,wheaher or not thea due.The 3Q�ay period will begin whea the notice ia given.
<br /> Unless Lender an� �cu:�wer othetwise agcee��-riting, 4'►3+ 'PPli�i ��cf prc:eecis to prneIpal shall not axtead or i�+�-..
<br /> postpone ths�date of i�e�n�nthly payments refeta�l,m�pardgra�t:s 1 an�2 ar�ge thc amoun.of the paymeats.If undsr =�Y_r
<br /> ' � ed I.ender, iF�rmv��r's s�¢ta aa polica� and proceeds r�sntting fsr,m �r�`:
<br /> ,:�;;,� pazagraph�L ;ah� Property�s acquir bp y '�"'�"'� ,
<br />.;z��'. r to the �.ass�3�ti�ro�fk:exten�c;tt,:s���t�+this Seauity Insn�t �.,.•'
<br /> datnage tA c�re .$,�;aperty Prio ac�'.�it'�n shzit ' .-
<br />,:xrr�s� :�q,4ediareFy��to the acquisition. . . ...,
<br /> �;'��°°s�`"` 6.Occa� Pr��23on.Maiate�snce��rc�*2r���o�Ji��operl*,��s 3:,a�n��'��n;Leesehoi�. `:��>">;'�
<br /> if,�;.::.
<br /> "`�'.'�!�r .i�taaower shall accap� y.�y�+and use the Pic�mj as��r:ower's pr�cipal r�ic�noa wi•�s�da}s aree��c h e ex e a�ion o f u rt;;�:
<br /> ;,����'�� ;�y Sewrity Instrument�3 shall cronrtnus w oc��: ihe iP:aperty as Borrower's yr-.��1�eside�,:e for a���:st one year after ,��:,,,,�`
<br /> {w�� • .7 � x:�
<br />- Y.:��f�' {�P.ddY6 Of OCCLL[1aI1Cy� `�C j.CIIaBI 6'�..°SIN1S$fi��33 WftLill$,w�conseat s:?2�u�3 R*��a s o n a b i y c 3 i�h e l ds O f��S S ,'.rr�u.%
<br /> �,3� �uating a�...�-�c�a�ist wlur� �..��ess.� i�,r*��nr's r�~�o:_ 1d,7�n�s�ll got desttoy, da�� or imPair the ,�
<br /> � ��..
<br />':;Y�� �� 'i€i�-,.r��my,a�:s�+�4�L�€�.�w deteriora�e. or es�mit��:te c�rwre�p�..��t�m�.�er shaU be in def�i's+f any forfeitut+e a�r� .
<br />::s�;��st 9,����r civil or criminal.is be�s�at i��cl�s goc�3*r�i�jwlgment could result in forfeiture of the -_ __
<br /> r,;�; •�:iun cT�.� �._
<br /> �°,```�'�` p�operty cr�..ywise materially impair the lien cr�ated by this Sec�riay Instrument or Lender's seauity inierest.Barrawer IDoay �--
<br /> aue such a a9egault and reinstat�,as Pmvided in paiagg�aaph 18.by caus�ng the aaion or pmceeding w be dismisse�l wlth a nlling =_-_
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<br /> ti�at, ia Lender's gnod faith dexerminaYian,P:ecludes forfeiuue of We Bosower's intenst in the Praperty or other mnterial �;:.=z.—
<br /> . impairm�nt of the liea created bY this SecuritN Insuument or I.eadei's se�urity inter�st• Borrower sball also be in defanit if o�,,,,_,_
<br /> Borrower,during the loan applic�tion pmcess.gava materIaUy false or inaccurate information or stauments to Lender(or fail�ed �
<br /> N pmvlde Lender cvith any material informadon)ia wnnectian a►Ith the loaa evidenced by the Nota.inclnding,bxit not lImited __
<br /> � to.representattons wnceming Borrower's occvpancy of the Property as a prIucipal residenc:e.If tbis Securiry Insuument is on a �?�;
<br /> le�sehoid. Borrocver shal! camply wIth all the pmvisions of the tease. If Borrower acquires fee tIde to the Prapert3►. the �,'__•-
<br /> • leasehota and the fee dflt shall not merge ual�s l.ender agrees to the merger in wridng. ��_�
<br /> ' " 9.A�atxNon ot Leada's Rtghts in tbe IIt+operiy.IP Borrower fails to perfosm the coven�ts and agreements coataiued in i.
<br /> tlils Scci�uity Insan�ment.or t�sre is a 1e8�P�8��Y eip,ni�icaatly affea Lender's rIghts 9n the PraPertY(s�rb.as a
<br /> _ c —
<br /> -. - proceeding in baataupuy.pmbate.for condemnation or forfeitare or to enforce taws ot re�ulations).then I.�cde;snay do anA --
<br /> . pay for ahatever is neces�ary w pmtect the value of tha Property nnd I.ender's rlghts in the i�roperty. lxader's actians may -- --
<br /> � au sums savred by a tien ahich has rioriry over this Secaiity Insavmenb aPP�nB � co�ut, PaY�B
<br /> '� include Paying Y h P
<br /> . nasonable attomeys'fees and eutering oa the Property to make rePatss.Although Lender may take aaion under this paragcaph
<br /> ' T,Iende:dots aot have to do so. �-�.�'
<br /> . ,qny amo�mtts disb�used by Lend:s undcr this paragdph 7 sha11 besome additlonal debi of Bo�gr secuned b�l this =s-
<br /> . �rj�inctnimeni.Unless Barrower�d Le���to other terms of payment,these amouats sI�all 1�ear iaterest f:�acQ the
<br /> date of disbursement at the Note rate au�shau L�e�aayable, with interest,ugon nouce from Lender to Sorcower reqnesiing _
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<br /> �Ymg lygpng�ge rnsurana.If Leu�..pr required mortgage insuraace as a condiuon of maYing the toaa secured by this Security
<br /> . Instn�t,Bflrro�ver shall paY the piemiums reqoi�ed to ma9ntaia the mortgage insurance in effect. If, for any rrasa�,the
<br /> . . nortgage insuranc�ooverage reqiilred by lender lapses or ceases to be in effect.Borrower sball pay the premiums ce��i�d to ___
<br /> obtain coverage substaatially equivalent to the mortgage insivance previously in effect,az a cost substantiaUy equivaIem to the
<br /> .. sost w Borrower oY the mortgage insurance prevlously in effect. from en altemate mortgaga insurer agproved by Leadcr. If —
<br /> substantially equivalent mongage insurance covera88�s aot available,Bormwer shall pay to Ixnder each�onth a sum equai to
<br />'�,`;;� one-twe]fth of the yearly mortgage ins�uance premium being paid by Boaower when the insumace wverage laps�or ocased to —.
<br /> be in effoct.l�ender will accept,use artd retain these p'yments as a loss reseive in lieu of mortgage insurance. Lvss reseive ��'
<br /> • _ � Fom►3028 9190
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