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<br /> tncluding floods or flooding, for whick�Lendcr cequires insurancc. 7bls insurwco ehall ba�rwiaWned in tho aaaouats uxl "
<br /> � for tha pedods thAt l.ender uires.'I'ha insurrnce carriar providinB�o insunn�e ehall bo chosen by Borrower subJoct to _
<br /> I.endAr's�pprov�l which sh�l not be unrcasanably withheld. If Borrower fidle to m�intnin covonge descdbed above,
<br /> . Lsnd�r may. at I.encDar's opHon,obtnia coverage to protect Lenclar's rigt►ts in the Propsrty in�ccordance w1W pangrAph
<br /> 7. _ _
<br /> All insumnce pollcies�►nd renow�la shrll bo acceptable to Lendor wrd sh�ll lncluda a standud mortgage clause.
<br /> Lender shxll have tho dght to hold the policies and t�enew�le. If L.ender requires,Dorrower ahaQ pxomptly givo to Lencier
<br /> nll rec�ipta of paid premiums and renawal noticas. Ia We avent of loss, Borrower shall give prompt aotice co tho insurence .
<br /> �••:� carriar and Lender.Lecder may mulce proof af lass if not made promptly by Boxrowor. .
<br /> � Ualess Lender and Borrower otharwise agr�,e ia wrldag,incurance pracoede shAll be+wpplled to re.gtorxtion or repxir
<br /> gr,e
<br /> of the Property d�maged. If the restoratlon ar repair 1A e,c�nomie,�lly fe�siblo u�d I.endor's rocurity ia not lessened. If the
<br /> restoraelon or nepnir ie not economically feasible or L.ender's sxurity woultl ba lessonal, tue iasur�nce Proceeds shall be
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<br /> opplled to the aums secured by tbls Security Instnunent.whether or not tbea due, wlth any oxcess paid to Borrower. !f •°�� , .;�
<br /> Barcower pbandons the Property,or does not etuwar wlthin 30 days a twtice fxo� 1-ender thit the lnsumnce csrrier has '• �",,�.�'.,�:
<br /> ,. affered to settle a ctnirn,then Londar roay collect tho insur�nco proceeds.I.ender nuy u3e tha pmceeds to repair or rost�re , •>.. ,•r,�,:�•�s;,',.
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<br /> th.s Property or to pay�secured by this Security Instrument.whether or aot then due.Tha 30-dAy period will h�gin .. . �,:b,•:,��,�,
<br /> 4Y(�r:��tha notice ie givan. ..'. ,�.��„-
<br /> OJaless�r�ler aadl Bumawer otharwlse agrea in writin8+�Y aPplicaHoa of procaeds to principal shall aot extend or ,y ,_.,�=�
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<br /> pou�':�v:e,o t�,a dtire da+'i�off e�o m�r�t�alY�Ymenta raferred to in paragnphs 1 and 2 or chaaga tha wnount of the psymcuro.If . ;' ,�,%
<br /> ,� undei pasa�,us��29 ?�o�a�a�}as�mer•.es�by Lc+ndes,Borrowar's dght to eny insurence policies aad proceeda resulHag .. ;_�;�T"`°'=—�-
<br /> from damago to the Property pnoa tm rt��a�islhon shall pess to Lender rtra the extent of the Rums secuaerl bY this Securih' , _, -
<br /> �; Instrumont nmmedlately prior¢�t�e o�puisi4non. � ..;=
<br /> 6. ClocuP+uncY. Pr�arF�l�on, Ms►intenance and Protection �f 2me iP7o 3 16oraow�r°s II.�wn Applla�tion; =L- -
<br /> � Lea�eholds, l�arrower sha1D inccupy. esteblish, and use the Property�s Bz�rrowtr�v��epal n..�iclanca�vlthin si�ty days �• ..:,,;,;,s.—
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<br /> after the eaeca�tmm�of Wie 5ecwiry Iastmment�nd eball conHnue to occu�y the Pcopx��ms B orrower s p r l n c i g i d J r re��enca . ..�.,,;�,,
<br /> ' far�t least�raa y�ar after tha data of occa�pu�cy, w�less 1-ender otherw'es��Brees m��8� W�ch consant ahu�U mai ba � .,�z.,-•-;
<br /> , .: �, uamASOntbly wa¢�held,or unles.g eateawtir�circumstat►ces exist whic7�ara beyond Borrower's coutrol.Borrowet qhnll not , .��t'�, -��^�
<br /> destroy.d�a or impair the Property, ullow the Property W detariornte,or commlt w�sta on the P'rope�rty. Rnnowar �jr�i�,,-
<br /> s�all ba ta default if any forfeituta acdon or proceeding,whether civil or cdmintl. is begua thst in I.endar's gcxn:J faith r,�.���
<br /> �gmment could result In forfeiture of the Property or mt�heiwisa materlally impair the lion crettad P+�S�P�•ecuri y `,��_-z
<br /> �i�nt or isnder's sacunty incerest.Horrower may ciN�e such a def�ult�ad n[nst�te.as provided in h 18.b .�___�_
<br /> . ca�asnrty� th� aciion or proceeding to be dism{ssed with e 5uling dut� in Lendet's good fiith determlaation, precludes . r;
<br /> _-�I fmftcinim of tho Homnurer's intarest in tho Property or athtr msterial im�xirment of the lien created by this Sacnrlty ;
<br /> __.___ ,.� . � � t.+.o annlicaHon proce.4s. _ :m
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<br /> E�-tsumcnt or Lender's seeeuity interess.F�o:rowor�aL a3so oa in uo,�►ud i.��saz:rz. « n --
<br /> ga�w m�terially f�lse or in�ccunta infomosHon or statemer.ts w Lender (or falled w prov de Lender with any aaiterid
<br /> 6�i�tr�mn�tion)in conaectioa w5�the lwn evidencal by th�'�Irte.including,but not limited to,rePresesntatioas coace�g
<br /> Borrower's occupancy of t��IProparty as s pdmcipal resida�ca.If this Securlry In�hument is on a le�sahold.Borrower sfuil :�
<br /> comply with all tha provisions of tha lease.If Borrower acquires fea titls to the Property, the le�sehold and�e f'oa aele ;
<br /> ahdl not worge unlass Le�er agroes to the merger in wr[Hng. ?;; ,
<br /> 7. ProtecHon of 1.ender's Rlghts !n khe PropertY. If Borrow.ar fxils to perForm ehe covanants and agreamenta
<br />_.. . � wntained in thls Scxurity Insttumeat. or there ts a legal proceeding thn2 ma�significantly �ffect Le�er•s dghts in the " v i„. ;�,
<br /> Pro p e rt y(such as�proceedin8 in bankuPtcy,probate,for condemna�an ar tarfeittasze or to enfurca laws or regulnHong). ,,; ;.,
<br /> • then Lender m�y do w�d pt►y for whataver is necessary R•n;p m tec t t hd v a l u e o f t h e P r o p e c t y w d L e n d e r's ri g hts in the ,,
<br /> � Pro p erty. Lender's actioav uuy inc l u de xuy�'ng any s��ms s e c u�e d b y a l ien which hps prForlty over thi� Sacurlty . �
<br /> Iwtntnteat,ep�.°srla;la wurt.p�YinB Tes+so n a b l e ettorc�eys°fees s t u l en t�enng o n t b e P r o p d e t y t o mrke r e p eirs. Allho u g h � '
<br /> � Londer msy take actiau under th{epu�gn�ph 7,Lander does taot hsve to do eo. .'— :'�-
<br /> Any�mo�nte dibbursed by Leadar under thls par�xgsuph 7 stu11 become oddition�l debt of Borrowor socurod by tfiis ���_
<br /> � . Secwity Instrument.Udess Borrowar�nd Lendar agrea¢o othar teams of p�yment. thaso amouats ehx116ear i�terest from ��a
<br /> � the date of disbursament st tha Nota rate and shall be �►y�ble. with interest, upon noticc fsam i.endar to Borcower C;'.�
<br /> ' � requestingpayment. �`-mV_a,�
<br /> • � b. Mort=a8�L�surance. If Le�ler required mortgage�asurance as a conditioa�f mal�ci�ng t�e laa sacured by this
<br />- �; Seeuriry Instrume�t,Borrower shrll pay tho premiums ra9uired to maintain tha m'°rtgage instuaace in affeet. If. for�ny
<br /> . reason, thg mortg�ge insuranca covenge required by Leader lapsas oT aases to ba in affxt. Borrower shall pay tha _
<br /> promiums required to obt�tn coverage snbstanHally equivalent to thd mortgs�ge insurnnce prevbously ia effact, �►t a cost
<br />�-. ' svbstantially eqtdvalent to tha cost to Bozrower of the mortgago insuraaca provtously ia effxt,fcom an alcernate mortgaga
<br /> . . insurcr approved by Lender. If substnnNallyaqu�ivQent mortgage insurmce cavar4$e is not available. Bozrower shallp+� �=`--
<br /> �-..: . to L.ender each month a sum oqwl to ono-twelfth of the yurly mortgaga incuruxe pnmium baln8 pdd by Borrowar whea d::.._
<br />''-''' :I��•� tha insurance cover�ge lapsad or ceasad to ba ia effect.Loncfor will accepi,use�nd retain thesa p�yments as�loss reserve _
<br />-" ��:'":-: . i n l f eu of mort g�ge iasurance. Loss reserva PaYmeata may tio longer be roquirod.�t the opKon of Lendar. if mortgaga
<br /> ro v i d a l b A n I n s u r e r a r o v o d b I.e n d e r :��4�=
<br /> . insarance coverage(in the amount and for t ha peri o d t h a t L e n der r e q u i r�s) p Y P P Y �'•�,,,_,,,�..�.-��
<br />=..� ,.. agatn bocomes available ond is abtainod. Borrower shall pay tha promtumv n4uiced to maintwxn mortgaga ins+irance in � �_s�-_
<br /> .. , effect.or to provide a loss reserve, until the requiremant for mortgage insutonae ends in acc°rdanca with any writtea ry_�_v.�..
<br /> __ egraoment between BQrrowar and Lender or applicable law. Form 3/02'18r� 9.l90(payo 3 016/ <��°"°"_�;
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