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<br /> 5. Hurs�rd er 6'ra�ty Ensarte.�:e. Borrower shal{ t�eep tke improvements mo�v eaistiag or hPreafter ereco�d on the �,"
<br />�ir r , ��-
<br /> _ Property insw�d against lcss by frr. E�trards inclu�led within the term "extended coverage" and any other harards, including ``•t v.,
<br /> - floods ar flooding.for wltich Leeder�vires insurance•7'his i�uupanoe sbal� be maintained in the amaunts and for the p�riods � , Y,��.;
<br /> - that Ixnder reguires. The insu.�er'se cr�r+er providin�the insurance shall be chosen by Borro�ver subjact tn txrKter s approval _ _-���•:�
<br /> which st�all not be u.�seasoaab2y �vich(;�.�td. If Borrower fails to maintain coverage described aboue. Lender may,at Lendee s __
<br /> � option,obtain coverage to p:at�ct Ler�rtar's rights in the Froperty rn accordance�vith paragrap�7.
<br /> At1 ���.,�pa��{��,,,a �;��Js shal� be ae�-�eptable to Lender and shall iccctude a stan�lard mort�age clause. I.e�d2e ��L.
<br /> ; shatl have the right to h�lc�ahe�te�cie�ansi rene'�`rals• If Lender requires.Borrower sh�ll prompdy give to Lender a!I recezpts of .�
<br /> ���
<br /> �� paid pnmivms ard renevral nca'sces.in;he event of loss.Borrower shall give prampt notice to the insutance carrier and Lxader. �_-'__�
<br /> Lender may m�p:�f of luss if nnt�.�de pmmptly by Borrower.
<br /> �] Unless Lender as.d Barroc;er otyr:RVise agree in wripng,insur.u�ce prnc•�ds shall be a�ptied to cesa�ration or�egair of the �;��.
<br /> property damaged,if tbe rescoratio�oz repair is economically feasible and Le�er s securiry�s not lessen�d.If the rrstoration or
<br /> repair is nat econn�salt�•f�ibk x L:�dei s seairity would be tessen�d,the insumnce pmsceds shall be appfied to the sums �'�='
<br /> seaued by this Sec�ig•InsuumerJ v;t�ether or nat then due. ��ith any excess paid ta Barrower. if Bomoiver abandons the �=;;-;
<br /> Property.or doea not arsc�rr�1is.�i��30 days a notioe from Len�er that the insuians�carrier has offerecl to setUe u claim. c6en �
<br /> Lender may oolScct tio�:i�v.r�'s,x�e tb."'v�ce�s. Lender may use the pmcceds to regair or restore che P�vp�rty or to Qay sums �_�,-
<br /> seeured by this Seauit}qEwanu�rs,whether or not then due.The 30-duy periad will bsgin��hen the nad�is giuen. �
<br /> lJntess Leader�Bo�rawec:otheravise agree in writing, any application of praceed�to prinsapal sh111 noc excead or �.. _
<br /> Postporte the di:e dat�o�t'r�ainw�.�Y PaYmenu referceA to in p2sugmphs 1 and 2 or change the amoum af the(sa}m�ss.If �. _-�
<br /> undcr paiagra�?c ZI t��Pt�rtg-.�acquirad by Lender.Borrower's right to any insurance policies and prooeedE re�Iting from °
<br /> �.�-
<br /> d�e ro tf�s;prp�r;rzy p,;icc tc,tt��acquisition shall pass to Lender to the eatent of the suuis secwed by this Security Iastnime�t �
<br /> imm�Ii:rtely��sa�tu ri�ac�i.�ion. �r-�.,--
<br /> � fe..dloc�;�.�cy,�a��aa,M�inta�eani�e and PrutectIon of the Prupecty;Bors��ver's Loan Appllration;II.e�seholds. .. ,.
<br /> j . Sorcawer shal��ccu�;establish,and use the Property as 9armwer's principal reside�nsae within sixty days after the eaecutiott of �r
<br /> i. �`";s*
<br /> ,;. tAis Security Inafm.e�n[and shall continue tu uccapy the grupertj�:+Botrower's princapal resideace for at least one year after ����
<br /> .�,' the date of ocama�cy,unless L.ender otherwi.�agrees in writing.wbich consent shall not be unsea..natLbly withheld,or unless _
<br /> i. . ��e�u�g ���� �ist �vhich are Cxey�nd Borrower s control. Borrower shall not d�uu, damage or impair the �"""
<br /> � !" pro allow the to deteriorate.cr commit waste on the Fro rty. Borrov�+er shall t�e in default if an forfeiture ��
<br /> peny. ProPertY Fe Y
<br />, aeoion or praczeding. whet6er civil or eciminal,is begun that in Leader's gaod faith jadgment could result in forfeitwe of the ��•`'
<br /> Propetty or oiherwise materially impair the lie�z cceated by tfiis Secarity En4tra�nem or Lender's security interest• Borrower ffi.?y ��.
<br /> ` au�suc6 a def�lt and reinstate,as psovided in paragraph 18,by causi*_r,g�te action or procee�ing ta tte dismissed with a rWinp..
<br /> �r �� tftai, in Lendet's�od faith determination, precludes forfeiture af�� 1'�ecoweY's interzst in ette Property or other materi�:
<br />-��i�,^t r �'-----
<br />�i,q,^, im�rment af the lien creatact hy this Security Instivut�t or Lender's saao:eity interest. Borrower shall also be in default if
<br /> •'< ; !3�-rs�nwt-.r,during the loan ap�ti:�clion process.gave mat�:.i;��lv false or i���r.-�te info.m�.rion or statemeuis to Lender(or failed �T�."
<br />;:,:,°,::. �'�.:.
<br /> _.`�•£. �s� de I.ender with any my:�riat informariactl in ecm�ncnr��n with che ta�evidena�6y the I�ot�,inciuding,but not limite�d . ss.'��:"
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<br /> =" i34�:,��res�ent2tioru ocmceming Harrower's o��rs:cy af�:�groperty as a principal residence.if t�i��urit1'Insuument is on a _ _.
<br /> �,� :,• � -�,
<br /> .�. �l:aus;,..old. Boao�ver sha71 wmply with ali�rT�provisicr�s of the leas�. If Borcower acquires ffaa tu�l�e to the ProPer�3', � t '=
<br /> �'� irur�eF.:old and the fe�titte shall not merge unless Lender w��to the merger in writing. —
<br /> �
<br /> ' '�.Pro28ctlon o�Lendes's Iiig6ts in the ProprPty.11ff tE�oweQ fails ta perfarm the covenants a.^.:�agceEm�crt��-nisined in
<br /> ��.� �� lS3��security instrumenl, or there is a tegal proceeding�:u:�:aay siSnificantly affect Lender's rights in ths Ttr��atF�,sucb as a �
<br /> '' proceediag in banlwptcy.probate.for wndemnation or forfetture or ax.enforce laws or regulauons),then Lender may do a:tl �
<br /> `��``• pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender s acrions m�y
<br /> . � � iqglude paying aay sum3 se�vred by.a lien wluch has �riority over this Secvrity Instrument. appearing in oourt, payimg•.
<br /> � r�tr�.nable attorneys'fees a�r�tering on the Pmperty u���lce repairs. Although Leisder may take action under thls pazagtaph ��4,
<br /> , 7.Lender does not have to do so. �``''�
<br /> f Atry amainsu disbarsed by Lender uia�'iur d;?s �.^�,��$raph 7 shall become additional debi of Borrower secured by this _
<br /> Secarity Ir�tn��ent. Unless Borrowcr and L�s,i�.�a�ree to other term��af payrnent.these amuunts shall bear inSerest fram the r
<br /> aui�acf disbursement at the Note rate and shall be payr•�'+a:-with i*;�n�t, upon notice from I.ender to Borrower requesting
<br /> �: �..�;..
<br /> p�!+�tc�;t. _
<br /> ' , }¢��,:hr•.�����e,If Lender require�mort�b�e snsurance as a condition of mlking the to,an secured by this Securiry __
<br /> ]nsm,inra iiorrower shall pay the pmmiums requireQ to maintain iha mortgage insurance in effect. If. for any reason.t�r °�.
<br /> mortgage ins�uurce covcrage required by Lender lapses or ceases to b� in effect.Borrower shall pap the premiarns recNired i,u �`���_
<br /> ` ,.•� obtain coverage substantialty equivalent to the mortgage insurance previously in effect.at a cast substantially equivalent wti.'[�: _____
<br /> cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. t"�' a,",�,�
<br /> �j suhstnntially equivalent mortgage insurance coaerage is noi ava"slabte.Bomower shall pay to Lender each month a sum equal to ` ��_ ;
<br /> one-twelfth of the yeatly mortgage insurance premium being paid by Borro�ver when the insurance coverage lapsed or ceased to ` ,�';�}':
<br /> �� be in effect.Lender will accepe.use and retain these payments as a loss reserve in lieu of mort�r,�,-�;• insurnnce- i.ass reseR�r � ,.
<br /> . s Ftmt 3028 917! —
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