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<br /> 5. Elas�►�! or i?rnxrty imura,ace. Hc�rrou•es shsll lcap the imgravenxnts i�w�e�xistli� or'"ficrr�tCae�tai c►n ttM �._
<br /> Pruperty iruural �yainct I�c.v by Grc. hur�rJc iixludcri wlthin thf term 'exte��ioJ ca�•eraQc" rnd a�iy cxhcr huurcis:, i�uludlns
<br /> ilaxlr or flnudln�, fur whirh Lrndcr royuirts inwt�noe. This irtwr�x�e shalf be n•�i�uYirxad in Uic wiwuius:ux!fnr thc perialr:
<br /> thss Lcs�dsr r�cy�ir�. The it�aursstice cstrier pn�viding the insurs�xe sha!i be chosen l+y B�rrow•er wbjec� to i,e�xter'�iy�►ti�val _
<br /> which rt�a!! nat be wucawnably witl�heki. IF E3urraw�er fails�to muntnin�verage clescriboJ ut�a�•e. L�nder n�y. al Len�tcr's
<br /> optiw�, �tibWi�cu�•u�c w protac.�t L.c�ukr'i ri�htc in the Pn►perty in xrnr�atuk,with pu�r�ph 7• -
<br /> All insurancr policia and rcn�w�ls slwll be xceptable to i.ender and shall include a standattii nbrt�age clause. t,er►dcr
<br /> �Jl lurve the right to hold the policia�rd renewds. If l.ender raquires.Bormwer shail prom}�tty give to l.xixle�rll receipts ui -
<br /> ��aid�xemlums rnd rcixw�l �xxices. In the event of losc.Borrower shall give prou�pt notice ta the insur.uue carrier ane! I.entler.
<br /> Luider cnay mnke proof of loss if nat m�de promptly by Barrower.
<br /> Unless l.ender and Rorrower othetwise agroe in writing.insutatke procaeds shall be appliod to restoration or repair of the
<br /> Prope�t,y dunaged.if the rostoration or rcpair is emnomically fwsible and I.encier's security is rwt Icssenod. IF tho resiarrtion or "
<br /> rc�aair is not economically feasible or I.ender's security would bt Ies.xned.the insurajxx proceeds shall be appliod to the sums
<br /> s�curod by this Son:rity Ituiturnetst, whether or noi then due, w9th any excess paid to Bormwet. If Barrow•cr attwui�ns thc
<br /> Froperty,or does cat answer within 30 days a notice from Lender that the insursnoe carrier has offered ta settle a cluim, d�en
<br /> L�uxter rnay ooq�ct the insurrnce proceeds. Lecder may �ue the p►�oo�a;s to repair or res:sa�tJ�e Property or ta puy sunu
<br /> sccured by this Security lastnm�eni.wh�iher or not thcn due.'i't►e 30-cL�y petiod v�iti beru►w:x�t1�e notice is�iven,
<br /> Unless Lender and D�wr,rov�•cr ot`rer+��nse agree i,a rsritittg. any agpli�¢�u!;gcvoe:�'s r,�gr+ncipal sh:;1E ncrt cxtcad or
<br /> P�W+�the due dste of tZnr roan�l:}�4�rmr:s rc`�x�.vd:eo in par�r-.�+s E :�aa���s cA.:�e tf�e amount of tM paum�a:s. Lf -
<br /> uador p�►�graph 21..no Prnpeity is aoquir�d:6y d.em�^.Forrow�r's a��c to�} *R�^*�^�pa�ie=�and proce�is rosulanF�5rax�
<br /> �t�ago to tl�e Pc�npeity pri�r W:he aoqaisition shall pa:.;:�o Ixnder t�the extaon�+i�r sun�s securod by this Srk�airy I�t
<br /> iiamc�diatdy�rior to the a�a�isition.
<br /> 6.O�p�ocy,Pn�avatba,Msintenaact aad Protectiou of tbe Propaty:�►rrowu's Loaa Applics�tiani I.�elwldc.
<br /> Borrower s1ut1 occupy,estahlish,and use the Property as Borrower's pr►ncipal residence withi�sixty days aRer tita exocution of
<br /> tf»s Securiry Inurument acd shall oontinue to oocuPY��nY���wu's principal residenx for at lexsl�ona ycu aRcr
<br /> the date of occupancy.unlrss l,ender aherwiu agras in writing. which ooacent slwll not be unresson�bly widzhold,ar unlas
<br /> extenuatin� circumstances exist whrch are beyoad Borrowu's wnttol. Borrowu stwll not dastroy. danu�a or impAir tha
<br /> PropettY. allow tt�e Property to daerioratc. or oommit wute on the Property. Borrower shall be in default if xny furfeitur+c
<br /> actioa or proceadia�. whaha civil or mmin�l. is be�ua that in L�ender'c�ood faith jud�rt�ent oould rault in Ccxfeiture of tha
<br /> Pt+opaty or otf�erwise rnateriaqy impair tbe lien creatod by thia Sxurity Iastru.�n�ent or LeMa•'c cocurity interest,8e�rrowor mty
<br /> curc such a def'�ult uid rrinst�te. ss provided in puraYraph!8.by c�usiag the nction or proceeding to 6e dlsmivar!with a�ul(ng
<br /> lhu. ia l.ender's Qood fiith detetmin�tlon. procludes forfeiturc of the �orrowePs intet+est ie the Property ar atttcr mueri�!
<br /> i�t�imxrr of the lien crrated by this Socurity taswment or L.ender's security enterest. Borcower stWl alsa�be in defiult if
<br /> Horrowu.during tbe loan application process,gave materially falae or inaocurate inforcn�tion ot uaumaits to•Lsc�der(nr failed
<br /> ta provide I.e:der with aAy a�ter�l int'orcuatloo)in�ioo with thr loaa evidencod by tbe Note.inctudin�►but aat Iluutod
<br /> us, t+epr�seatatioas couoemin8 Borrowu's oecupancy af the Property�s a princip�l residenco.If this Socurity Guirumeni u on a
<br /> -- ic�o;��Onower�maii-�npiY w�is � thie pruvisi�►s of uie ie�e. if�vwer �-ioc uii�-w cue'rcnpeusy; ibe- - _
<br /> lcasebo�d�ad tbe fa titk shall not mage�uiless I.ader agras to the rn�rgu in writing.
<br /> 7. Protectloa ot I.eader'�RiRl�ts fa ti�e Property.If Bomuwer fails to perfam the ooves�nts aad�greemcnta oontained in —
<br /> • d�is 3ecurity I�tmme,x, or there is a fegal prooading tl�at may significantly affect Y.ender's rights in @�e Pr+ci}�erty(s�uch �s a
<br /> prooeeding in bu�uptcy,probate,for condunr�tiAO or forfeitune or to aiforce laws or ngut�tions),tba�L.aickr mny do and
<br /> �szy for wh�tever is necessasy to proua the value nf d�e Property and Lendor's rights in the Pcopc7ty.I.e�o�.ter's aetions may _
<br /> u�clude paying �ay su� s�curod by a lien whicl� izJS priority ovu this Sa^cu�c7+ Tnstrumeat. appe�ria� u+;.court. paY�B
<br /> s+essan�bte attomeys'fees aad entaing oa the Property to m�ke re�irs.AlthaigA G.a�des may take action u�dar�'Wis psua�r.iph
<br /> 7.Leader does not 6ave to do co. .
<br /> My uxwunts disbauxd by Lender under this parrgraph 7 shall b000a�e additional dd�t of Borrower satittnd by this
<br /> 'a'aairity I�utrumrnt. UnT�Borrowu and I.ender a�r�x to other tamc of paymemt.thtse amountx stiail beas intctnst from itie
<br /> c�ate Qf disbursemeat at ttae Note r�te aad s1�11 6t p�yaWe. rvith interat. upon notice from I.eader W Borrowur ro9+ustiag
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<br /> 8. Mat�e Iawraaoe.If�.ra�f��r r-quiral mortgags intiurance u a ooaditioa of m�idng tbe!wa socurod by this Seaurity
<br /> • Insuumeat, Bcxmwtc alnll pay the parniiums required W maintain she mortga,gt iasur�aoo in cffoct. If, for any:rcason. the
<br /> mort}�ago ias�uaaco ooversgie roq�irod by L.eader laps�s or oesses w be ia effoct,Borrowa shall pay the p�eaciva�c.rcquirod to
<br /> . abtain ooversge suhstaot,��ey equivalent to the mortgage in.wr�nce previously in effcd.at a oost��+�fln.a�alY Wuivalent w Ihe
<br /> cost w �orrower of the moctgage insur�oe previot�sly in effoct, from an altrntiate mortgage inwrer appmved by,Irer�er. If
<br /> suhstaot"sr�ly equivala�t mortgrge iasur�c�ce coverage is not available.Bamowcr'sliall pay w I�n9a exh month a uim equal W
<br />• w�e-twdflh of the yeuiy mortgage insurance premium being paid by Borrower when the insarance cavexa�ge lapsed ar ce:ued to
<br /> be iu effax,I.roder will aooept, use aad retain tha�paymmts as a loss reswe ia lieu af mortgage inwranoe. Lass reserve
<br /> Fann 342i 91a0
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