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<br /> � S. 1[�zard or i'roporty fa:ur�ace. Anrruwer alull iceep tAe impmcemrnta now�eYiatin�o�horeafcer ore+�toJ u� -_-
<br /> iho i:�i.�:;.y�nsur..:aMais►.:t!�s��lis�. 1►3�+!�de inGfi�ded within thc urm "extendal cnver�Qe"and any other hawrda, `
<br /> includir�tlaode or tloodin�,[or which [.atider requira� �nsur�nce. 7'hia insu�anre sfull bo maintaincd in the�mounto
<br /> •nd for tho�+ecie�da thae I.ender requ:roo. Thc icuuranca curie�providi�g tho imunnce ahall be choxa by Hc�crowar _
<br /> eubject to Landar'e approvrt which�hal1 nat be unreasonably withheld.l�13orr�wer f�lis to mainuin ca�•ora�o da�ribecl E.
<br /> �bove.I.ender m�y. �t l.ender's optian.obnin cuver�e w�+toteet I.ondar'a viQhta in tta Prc,perty in oa�ordaiur�wiN
<br /> P�r+�r�Ph 7. °
<br /> A!I iatutsrtice polictes and renew�la eha11 ba�a.'eptable to Lende�'and shzll inciude i s•.andard mort���o cl�uoe. �*•
<br /> I,cnder ahall have the ri�ht to hold tha policiea and rcnowda. I[ Lender roquiree, Ac�rcower shall promptly �ive to _
<br /> Ler►der dl receipte ot paid premiume�n3�entwtl notices.In tho event ut lose,:iarcaxer shill givo prompt notico to the =
<br /> inauranco carrier utd Laider.I.eader may make peaot ut loss it not made promptly by Barrower. �
<br /> Unlesa Lender and IIorcower otAerwieo a�ree in writing,insurance proceeds shall he�pplied w rostoration or�epair _
<br /> af the Proporty dems�od,if the rcstontion or x�epair ie xonomically feasible und I.ender e sa;urity is not lessened.It tho
<br /> rcstoration or rep�ir�a not economically teasiblo or Y.ender'a security would be lessenod,the insurance pc�ncoeds shs11 bo
<br /> •pplied w tho aume sacured by thie Socudty Inauument.whether or nat then due,with�ny excess paid to Barrower.Tt
<br /> Borrower abandons tho Property�or does not anewer within 30 days s notico from Lender that the insuranoe curier hss
<br /> otfered ta sottle s clam,then Lender m�y collect tho iruw�snoe proceade. L.ender may use the proceeds w reWir or
<br /> rcstore the Property or to pay cums seeured by thte Socurity Insuumeat,whother or not tAen dua The 3a'cLy period will �
<br /> b��a whm the notico ie given.
<br /> U111CS3�Cl1aCf�i1d B01'['OR'et'Othecwi�C�igroo i il»ci�i�.:ny�pp:icatian at procseds to�rincigel eha11 not�xta�3 or
<br /> postpone tho duo date ot the monthly paymenta referred to in pua�raphs 1 and 2 or chaage the amount of the psymenta
<br /> It under Wa'+W'aPh 21 the Praperty is acquired by Lender. Borrower's ri8ht to any inswance policies and pra,roods
<br /> resultinE from d�m��e to the Property pnor to tha acquis+tioA sh�ll g�to I.endtr to tho oxtent of tho sume sxured by
<br /> thiis Security Instrurnent immediatoly pnor to the toquisition.
<br /> 6.Occupsncy.Preservatioa,Mainteaance snd Protectian ot the Property; Bono�ver'�Loan Appjic�tiaa;
<br /> Lesseh�Ids.Borrower shall occuPY�esublish.�ad use the Property as Borrower's princ{p�l residence within aixtq days
<br /> �fter the oxecution of thie Security Instrument and ehall continue to oocupy the Property as Bon'awer's princip�l _
<br />- r�sidenc�for at least one year attu'the dsto of occupu�cy,unless Leader otherwise a�in writin�,which consent slsall
<br /> not be unrea.9onably withheld,ar unless exta►uatin�c�rcumstet►ces�ii�t which are beyond Borrowa's control.Borrowa
<br />= sh:ll not destroy,3am�ge or impair the Prop�rty, allow the Ptopercy w doteriotate,or oommit wasto on tbe PropertY.
<br /> Borcowet ehall be in default if u�y torfeituro action or proceeding,wtuther civil or criminal,is be�un tlut in La►der's
<br />- gooB futh judgm�nt could nsult in forfdtura o4 tho Pmpexty or otherwiso materially impair the lieu cr�ated by thie
<br /> Security Instrumeat or Lender's sxurity interesG Iio�rcx�ec x�sy curo such a default and reiastite. as provided in
<br /> paraQraph 18, by causing the action or p�oce�r3ic;i; tQ Es� rlu'mtssed w�th a rulin� that, in Lenda's eood faith
<br /> determinat�on,pexl�dm forfeiture of the Boriv��c's intarest in tho Property or other material impsirment of the liea
<br /> created.!xp this Socwity Instrumc.nt or L.aider's sncurity iaterest.Borrowa st�all also be in default if Borrowa,dwin�
<br /> the Iu�x rpplication prooesw, gavo miterially itlse or itw�.-�rate iaformition ot stetemente to Lenckr (or failod to
<br /> prov�i�.Casder�vith u�y maurid intorm�tion)in connectioa with the loin evideuced by the Note,includiag�but swt
<br /> limitec�to.repreaentatioas wnoernin� Ban�oaer's�uccupsacy of the Property as a principel residdnce.If this Security
<br /> InBtt'Ui11Ct1t 18 OA t IEi9Ca0�0,13oTZVwcr ai�i wiu}sij wiui:Zj 2�'w�::t�:�t`�^I�1.�1..�a,Tf Rnren�ywr�m�iit�en fee titlnto
<br /> tiu property,the leasehold sad the fee title shall not merge unles�I.ender sgrees to tho mer8es'in writin�.
<br /> 7.Protection of Lender'a Ri;hts ia tLo Propertq. It Borrower fails to perform the covenants�nd a�reetneats
<br /> caatsia,od in thie Securitq Instrument,or thero ia s legal pnocoeding that may si�nnificantly sffect I.ender's ri�hts in the
<br /> prapatg (such as a proceoding in bankruptcy, pcobu�. for oondcmnation or forfeitwe or to eaforce laws ar
<br /> " n�u3aaoas).then Lender may do iad psy for wtutever is nexssary to protoct the value of the P�+operty aad 1�'s
<br /> ri�hta in the Property.I.ender's actions may include paqing aay sums eocural by a litn which has pnonty ova thia
<br /> Secwity Instrument,appearing in wurt.p�ying reasoaable attoraeys'tees and eatering on the Proparty to malco repaire.
<br /> A1tMu�h I.cnder rsiiy take action under ttns PusgraPA 7,Leader does aot hsve to do eo.
<br /> Asc�amounts disbw�sed by I.ender under ttus putgraph 7 shall become additional debt Af Bomower secvra�i by this
<br /> Security Instrument.UaleeA Borrower and L.eadcr �Yree to othd'ta'ms oi payment,tfame amounts shill bw-iaterest
<br /> irom the date of disbwsemeat at the Note rste aad sl�all be psysble,with iaurest�upon notioe from Leadas to Bomower
<br /> r�e:r,.-^tis�e�,M�'
<br /> 8. Mort=aje Insuraace.If i,ender reqturod mort�aYe insurance as a condition oi mikinE the lata sectu'ed"by ttis
<br /> Socurity Instrument,Borrowa shall paq the premiuma required to muntain the mort�ge insurance in effect.If.for aay
<br /> rusoa. the mortga�e insur�nx cover�ge reqvirod by Lender lapses or aases to be in effect.Borrowec shall pay tl�
<br /> premiums required to obtaia covera�e substantially equivalent w the mortgage insuranco ptevioasly in efixt,at a coet
<br /> substantidly equiv�lrnt to the cost to Borro�cer oi the mort�age insuraaee previonsly in elfect.from m alternite
<br /> mortgago insurer �ppr�ved by Leadu. If substintiillq equivalent r.sort�age inswYnce cover�e ia not availsbl�.
<br /> Borrowec shall pay to I.ender each maath a sum eqwl to one-twelfth of the yarly mortgage iasuranco precnium bdug
<br /> paid @g&urower whea the inawance coven�e Ispsod or�to be in aifoct.Leader will ac�pt,use and retain thme
<br /> " payments as a loss reservo in lieu ot mortPaYo inswat�ce. I.oss reserve paymeats may no'lon�er bo required,
<br /> F�w 302��!!0
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