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<br /> 5. �azud os Pro�arty Iasosance. �orrower ehrill keep the improvemeats now esisting or hereafter erected on ____
<br />..� the Property insuted agaiast loss bq fire.t�azards included within the term"eatended coverage" aad aay other 1�azards. �r,..
<br /> inclading floods or fla�ding,for which Leader r..quires insuran�e.This insurance s�lt be maiataiaed ia the amounts _ti.,�J
<br /> . and for vhe periods tt�at Izuder requin�.The iasursnce canier providiag the insurance shall 1oe chosen by Borro�er � _.;;,
<br /> subject to Leader's approval which shell not he unreasonably withheld.If Barrower fails to raainteia coverage d�crit�ed
<br /> above.Leader may.xt Lander's option,obtaia coverage to protect Lender's rights ia the Property in secordance witb •�`.
<br />� � ParaAgg�h7. ���`'�
<br />'-`� All iusurance policies and reaewals shall be aaeptable to Leader and shall include a standard mortgage clause, �-�-
<br /> Leader ahall have the right to hold the policies aad rene�v�ls.If Leader �quires, Bonower shall gromptly give to �.__ ;
<br />-,� Lender all receipts of paid premiums and rEaewal noticea In the eveat of loss,�onower shsll give prompt notice to tha
<br /> insurance cartier aad Lender.I.eader iaaq muke proof of toss if not made promptiq by Borrower.
<br /> � Unlesv Lender aad Horrower otherwise agree in writing,insurance pmceeds shali be applied to rzatasation ar rapair �•-.:����
<br /> � of the Propertp damaged,if th�restoisrion os repair is econoaucaUy feasible and I.eader's securi4y is aot lessened if tAe s''
<br /> � restoration or repair�s not ecoaomicaUy feasibie or Lea.der s Eecurity evould be lessened,the insurazice proceeds sha11 be ���``
<br /> applied to the sums secured by tbie Securitq Iastrument,wh�ther or not then duz.with anp esvess paid to Borrower.If E����
<br /> :�', . Borrower abandons the Pmpertp.or dces aot aaswer witbin 30 daqs a aotice from Lender tbat the insurance carrier has �,;�;
<br />' offerea to settle a c3sim,then I.euder may collect the insurance proceeds.Lender map use the proca.�ds to r�pair ar ��==
<br /> �^
<br />. restora the Property or to pay svms secw+ed by tius Security Instrumeat,whether or not then due.The 30'day period wt�i =__
<br /> begin whea the notice is given.
<br /> � Unl�I.euder and Horrower otherwise agree in writing.anY a�';a::�*.ian of p�u,eeds Lo priacipal shall not estend or �
<br /> postpone 4lie due date of the monthlY PaYments referred to in parap,rap'�s 1 and 2�c5aage the amount of th�paymenta =-:�,-.
<br /> If under paragraph 21 the Property de acquired by Leadet, Borroc�rer's right�a�eg insurance policies and proeeeds
<br /> -- resulting from damage to tiu Property prior to the acquisi4ion eLatt�s to I.e�::�:o tha eatunt of thc sums sxtu+e@ by �:=
<br /> ttiia Security Ir�strument immediat�ly prior to the acquisitioa. ��_
<br /> 6.Occapaacy,Preserv8tion,Maiater�ance and grotecti�a��he Proper�y;Bonowe�s Loan Apglica4ioa;. =_-�
<br /> . Leaseholds. Botrower sLall c�spY,estahlish,and u����re�'roFerty as Bonowec s principal residence within siaty days �w
<br /> �:��`
<br /> 9gtE!LhC OYECt1410A OY tb18 Si�G.1t9 IIIStYUmCIIt 8II� �:I COAt1AlIe t0 OCCIl� 31�]�Pmperty as Horrowe�a pri n c i g� .�,>�:.:
<br />' . :_� reaidence for at least oae year ati�r tne dat$af oc�upa�:.F,unless Lender otherwsss agre�s in writiag,whieh c��sant s&�.;£ �;�;�
<br /> ..,� . noi be un=easouably withhel3,ar unles e�uating citcum.��ces��rhich cre bepond Borrowei's controt.Horrowe� =
<br /> . ���, shall aot dastroy,damaga or unpair the E�Perty,a12ow the Froperty w deteriorate,or commit waste oa tha Property.
<br /> Borrower ehall ba in default if aaq forfeiture action or proceediag,whether civL�r crimiaai,is begua that in Lende�s �° .
<br /> ,;:� good faith judgnanE could result ia forfeittue of the Psoperty or otherwise m�tr�rially impair the lien created by this =...
<br /> Security Inatrument or Leader's security intereat.Basrower�y cure sach a defavtt and reinstate. ss provided in
<br /> • � paragraPh 18. by causis�g the action ar �roceeding t� be dir-mir�ed with a ruling that� in Lender's good 4aith �.
<br /> -F determinatian,�prxIudes fvrieii�e of'��,--raw;,t'a i�r�t in*���rogetty or otlsr*nsst�si•�5 imoairmeni of the lien
<br /> i crrated bq this Savrity Iastrument ar L�a securi»�interest L�iacrow�,�r shall also be in defautt if Borrower,duriag
<br /> ` 5 t�.��oan apgtication process. 8ave inate►isi2q false�r�ocurate'r�ormation or statements to Lender (or faited to
<br /> - �cide Lender with�,ny material information)in eor.�ECtion with the losu evidenced bp the No4.e.iacludiag,but not _�,
<br /> „�. limited W�representations conceming Borrower's accupancy oi th3 Property as a principal reaidence.If this Security -
<br /> .;.�:;i Ipatrument is���teasEhold.Borrower e�all comply avith ell the g��'sions of the lease.Ii Borrower acquir�s fee titla w
<br /> � the Properry,thel�hold snd the fea gtleshaU not merge unles9 L�sder a�es to the merge�'�a writing. _ - -
<br /> . �� 7.Froieotlon o1 Lander's Ri�hhts in the Property.If Bono�er fails to perform the covenents and agreCments
<br /> . ;�, coats�i�ed ia this Secutitq Instromeat,or thera is a legal praceeding that may significantty affect I.ender's rig�ts is tha
<br /> � Prapertq (such as a prac�ding ia banYruptcy. probate, far condemnation or forfeiture or to en4orce laws os
<br /> � segulations).then Lertder may do and p�y�or wbateves is acce�ary to prntect the value of the Property and Leader's `-.;
<br /> - �io„i��in the�roeestq.L,ender's actians may includa paying any sums secured by e tien which has prionty over tlus �--:
<br /> �..I Secur�ty lnstrument,nPPearing in court.PaYing reasoaa6le attorae3rsf fas and enuru►�oA�e tt�mperty m matce rep�v. �
<br /> � � Althou�h L$nder msq teYe action under this P�BmPh 7�Le�der doe�no4 have to do so.
<br /> �. !' Any aaaounta disbuseo�t�9 I.euder under this ParagrnPh?ehall bewma additionat debt of Homower s�ured by ttus ---
<br /> �.�ritq Instrumen�UAlcs�]gorrower and Lender agtee w other terme of papment,thtse amounts shall tbear iates�eat
<br /> •=�,j' from the date of disbwsement at the Nots rate aad shall be paqable�with intereat,upon notica irosa Lender to Barrow�; �
<br /> ., ,�:, .
<br /> .;: �.i,;� requestiagPaYASent. � '
<br /> `.��:�'t±�� 8.Mort�a�e Inaursnec.Ii Lender required mortgage inauraace as a cmndition of making the Ioaa eocuned by ttus
<br /> • ,.`� Security IQStrument�Borrowet sha11 pay tho pre�niums r�quired tn maaa�a the mortgaga insureuce in eftect.8.for aay
<br /> .. �.} teason.the mortpge insuranca coverage required by Leador lepsea or ceases to be in efiect.Borrower ehall pay the -�-•
<br /> premiume required to obtain wverege substaatiailq equivalent to the mortgage inswaace praviously ia effect.at a c�st _
<br /> ,' �i�• substsntially oquivatent to the onst to Borrower of the martgaga insuranca previously in effect� fnom an alternsto �
<br /> :I�i:S . —_
<br /> .;; mortgage insvrer approved bq I.ender. L� substantially equivalcnt raortgaga insurence aa��rsge is not evailable, �
<br /> Borrower shall pay to L en d e r eac h mon t h a sum o q u r l to oa e-c we l f t l�o f t he year ly m o rt g a g ei x v c u r a a c e p r e m i u m b e i n g =_
<br /> paid by Borrawtr when the insurance coverage lapeed:r.�ceased to be ia effect.Leader will accep�.use aud r�4�in theso �
<br /> � pspmente os a los� reserve in lieu of mortgage i�Yvrance. Loss reserae paqments mey no 1Qn�r be required, �-
<br /> . ���� �-•
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