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<br /> � �'���'��';'�'.� .:� � S� Nar�rd or p��q►eKy Iqeurance. Eiormwer clwll kecp Ihe impruvements now cxisting on c�rcaGer erccted on the
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<br /> ��„ °• . Property insurcd aQain�t Ic,ss by Are.h�rd�included wilhin Ihe tcrm'cxlcndod rovcregc" und uny rnhcr ha�arda, including
<br /> ;�,�.:.,,� ttoads or fluaJing.far which l.ender�equircx insuruncc. 7'hic insurancc shull hc maintaincJ in�he unu►unt�und fi�r Ihe periadc __
<br /> •�°��"�=�" th�t I.ender rcquires.T�C insurance corcier pmviding the insu�ance xholl he chor•cn by &�rn►wer subject �o l.ender'. upprova!
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<br /> •;.:: �4„ . „• which chnll not bc unrc�se�n�bly wfthheld. If Bormwcr failr�o maintafn cnvcr�tc deuriMcd alxwe, I.end�r nwy, ut Lender's
<br /> �����•�.�:._ optian.abtain covernQe lo protect l.ender's rights in the Prc►'peny in accu�J�ncc wi�h prra�roph 7.
<br /> �'�+�"w"`��" sr AII �fl4UfAlICC�10I�fICB Wld�CIICWYIx SIIAII t1C YCCC�1IAbIC IA I.CMIC�AfIII �NAII mcluJc a�tunQu�J mu�t�;�g� �lau�c. l.:.ndcr �:____a--._-
<br /> '�",.,�;�''.."`•.�`°' ' siull havc the right ta hdd ihe policies aod renewals. li lxnder rcquireg, Barrowcr ahall promptly givc a�l.cndcr all reccipts of
<br /> ,.'1�'-'�;''�""`�' ''x s �u1 rcna:w�:notices. !n thc cvent of losc,B�►rower shall give pmmpt n��tice��the ineurunce carrier annd Lcnder. �_T__ __,
<br /> pa�d prcmium a
<br /> ��'' {YA I,�4�;�} x Lender may m�{ce pnx�f of loss if not made prompdy by Romower.
<br /> _�,I'�•�� ` "� '.. Unless L.ender nnd Bortower otherwise agroe in w�iting, insurance prncoed�shall he upplial to restorutinn ar repair c,f the
<br /> . , • � property demagod.if the restorntion ar repai�is econamically fea.r•ibk and I.ender's security is not lessened. If thc res�arotjan or
<br />;�,.� , repair ia not economically feasible or Lender's security would be Iessened,ihe insurnnce praceeds ghall be Applied t� the suma
<br />,�'�,�,�`,� :' secured by this Secu�ity i nstrument. whether or nat �hen due, wflh pny eKCess puid tn Borcower. If t3��rrower abAnduns the _
<br /> ' Propetiy. ar dces not answer within 30 dnys n notice from l.cader that Ihe inxurunce carrier hus affered to settle a claim. �hen _
<br />'��Y✓ � ''� Lender may collect the insurance procoeda. L,ender moy use the praceeds to repair ar restare ehe Pnopeny or to pwy sum�
<br />�` ,�' secured by Ihis Security Instmment. whcther or nat then due. The 30-day p'riod wi�� beBin when the u�►tw�e iti given.
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<br /> y:. .,,;.,,.,✓ :� Unless I.ender and Borrawer atherwise a�cee u►a+riting. anY �PDlication of praceeds w prirnipal shall rat extend ar �� -
<br /> ;'::;'t�:t:°_` ;' postpone the duc date of thc monthly payments refcrm� to in p�rag�ap�s� am1 2 or changc the armiunt of tbe payment�. 1�
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<br />�',. •• `":'.;��•. ', under paragraph 2t the Property is acquired by Lender.Bornaa•e�s right to any ic�surance policies nnd proceeds resulting from ��.:;-:.:=^=
<br /> , damage to�he P�vp�ty prioc to the acquisition shall pass to l.ender to 1he eRtent of�he svms secured by thic Security Instrume� �`:-�= •• —
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<br />� • irtunediately�+iar to rl�t a�c�.iisitian. ` - ----
<br />.,1;.'.,`, n ' 6.Oocu�,Yt�ae��sRian�Myintenance oad Hdtediow o�'Ihe Pr+ape�$;Borrower's l.oan Appllcs�tfon=I.easehotds.
<br /> ' r7:<=;;i�;i;;��i�_� Borrower shail accupy.establisA.ond use the Property as&►naw�i s principa�msidtnce within sixty days afler the execution oP
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<br /> . ;�:,��;i,;;';;;:':.�,`•�.�;i�;t;' this Security Instrumerit�rd shall continua to occupy the Praperty ac Borrower s priocipal residence for at least one year aRer _
<br />� �',°�s?'y�;�,��Y���t'�;���e: the date of occupancy. ursk� l.�nder otherwise agrces�a ariting, which consent sh�ll not be unmasonstbly withheld. or unless
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<br />; • .,,, � ' . . ,,,.,,.�,1,, extenuating circumstunces eaisl which are beyond Borruwer's contml. Borrower shall not destroy, domage or impair the
<br /> ' � . ':•�r� Property, ullow the Property to detcrioratc, or cammlt waste an the Property. Borrower shall be in default if any forfehure
<br /> A ����'� • '.��;(� action or proceeding, whether civil or rriminal, is begun that in Lender's good fnith judgment could result in forf'citure of the
<br />'� ,;. Propeny or othcrwise mr�eriaUy impair the lien crcated by this Security Ins�rument or L.ender's security inlcrest. Borrower may
<br /> �� •- cure such a default and reinstate,as provided in peragreph I8. by causing the action or proceoding to he dismissod with a ruling �--
<br />•� '.• � �� that, in Lender's good fz�ilh determination, pre�ludes farfeitur�e oi the Borrower's interes� in �he Property or othe�ma�erial _
<br /> ';',;,.r�. , —` ��; impaim�ent of the liencre�cci i�y tF�i. S�.urity Insirumcat ar Lender's seeurEty inlcrPst. P�rmwcr chnll al�hc in default if =--�__-__--
<br /> � � •��'� Borrower,during the laan epplication pracess,gave materially falr,e ar inaccurale infnm�ation or slatement�to l.ender(ur failed
<br /> • to provide L.ender withany material information)in wnncxtian wi�h the loan cvidencod by the Notc,including,but nnt limited _
<br /> '• to,representations conarning Borrower's occupancy of the Ptoperty as a priocipal residence. If this Security Instrument is on a
<br /> � leaschold. BoROwer shall mmply with all the pmvisions of tho lexce. If Bonowcr ucquires foe title to the Property, the =___
<br /> .. '•�. leasehold and the fec title shall not merge unless l.cnder agrees to the rr�rger in writing. ^�
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<br /> � . 7.ProteMion of I.ender's RlRhts in the Property.1(B�rrowcr feils lo perform the cnvenants und agrecmcnts conlai ncd in �...::_T-�-�.`
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<br /> . , , . this Securiry Instrum�:m, or there is a legal proceeding that may signiflcantly affect Lender'z rights in the Propeny I�uch nti a �;
<br /> ' , . . procceding in bankruptcy.probate, for rondcmnation or farfeiturc or to enforco lowti ur rc ulutions),then l.ender ma do and � ' -��"
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<br /> . . pay for whatever is naeswry to protcct thc vulue of the Propcny and Lcnder's rigM+ in the Propeny. Lender's actions rtwy L�,;�_.._�„
<br /> . . include p�ying any sums secured by a lien which has priority aver lhic Security Instrument, appcaring in court, pay�ng �•�-
<br /> ' : • .;�;; rcasonable attomey,i fas and entering on thc Pruperty to makc rcpair�. Alihough Lendcr muy take xtion under this paragr�ph L. ___���=-
<br /> .�,, , 7,Lender dces not has� to do so. f �:;�::. ,
<br /> � '(��-�Y . Any amounts di�bursed by L.cnder undcr this paragraph 7 .hall bcc�m�: aJditional debt of Borrower .ecurcd hy this �,��'.�''� �`�•
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<br /> . Security Ia4trument. Unless Borrower and L.cnder agrec to othcr lerms o(paymrnt, thesc umoun�s shall txeur interest from the �'�,`�: _
<br />`s '��:..�,, ' , date of disbursement at �he Note rate and shall he p:+yable. with interest, upun noticc fmm Lender to Borrower requesting ',�::�.__
<br /> . payment. ,'�. �,,,,'_
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<br /> ' . '�'��:�;'+;., 8. MortgBge Insur�nee. If l.ender required mortgage inrurunce a. a condition of m�king thr loan secured by this Sewrity , -;-___
<br /> �":'�''�••�'� Instrument, Borroweeshall a the remiums re uired to maintnin the mongagr in.uranrc in cffect. If, For any reasi�n, the �
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<br /> : '�••�;��; mortgage Insutance coveragc reyuircd by lw:nJer lap�c���r rcase� �o hc in cff�wt, Borrowcr.hall puy thc premiums requircd to �
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<br /> • � • obtain coverage subxtantially cquivalent to the immgugc insuranrc previou�ly in effect,a�a c�ist ,ub.tLntially equivalent to the
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<br /> ,. . , cost to Borrowcr af t�C mortgugc intiurancc previourly in M'fcct. I'r�►n� •rn ahernatc munga�c imurer appmvcd by lAndcr If � , .
<br /> :.:,'•r��':ti�,•i•�.;`, ' ` substantially cquivalenl nmrtgage intiurancc covcragc is niN available.E3urniw�r shall p•ry tu l.endcr cach month•r sum cyual to ,'
<br /> �` �„ti������� , � one-twelflh oi the yc:irl�• nxirt�agc ineurancc premium hcing paiJ h�• Bi�rrowcr whcn th� in�urancc rovcragc I•rpxxi or cc:�scd to ;
<br /> ' be in effect. l.endcr will acccpt.usc and rctain thc�c paymcnt�a� u lu+s rc+crvc in licu af mnrtg:�gc insurrncc. I.uss rescrvc �
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