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<br /> 5. Halard r,r Propertv In�uraac�. Boerowu shall kcr� t��� i�r�vea-ra3s non ezi�ting ar �ereafter e� on the
<br /> Proverty i*uured agaiast loss by fire, h�?a.-ds ind�ed within t��e tc�cn 'ext� car-trage' aad aay oiher hazatds, iac3uding
<br /> floods or fleociing, for whsch Ixnder res�uira insuranct. '�is inszt;amce shall tc maiataincd in thc amoimts and for t2s�pPriais
<br /> that ixnde* rcqi::r:s. Tt�e insuranhce carria providing t�e in�rearx shall be chaea by Borroa+er subjax to L.eader's appraval
<br /> whi:l� st,al; not be unr�sonabty withhei3. If Botro�vt- faiLs to �ain covera�descn� above, i.end�m�!', at I.a�det's
<br /> option,cbtair,coverage;o gttxect Ir.n�er's righu in�he Pro�xrry in accor.i��..;.-witL+FaraRraph 7.
<br /> All insurancc policies uid zcneRals shall be actt�rtab}e to L.rnder aad shall intiude a stavdard mortgage clause. L.ender
<br /> shJl hava t;�e right to hold thc policies�d rencaals. If I,e�der requira.Borrorrr shail pror�tly 8ive co Lr.n�ier JI rr�cipts of
<br /> pairi premiums and renewal aotices. In the evau of lass.Bo:roa-er shall give pr�:upt no•ice tc+tht iatur.9ace car:iet aad I.eada.
<br /> I.ender rnay-make procf of logs i:not snade p:o�tlp by Berrowet• �
<br /> i rnlcss Ler.der and �orrowcr at�erR�ise agiee in writing,i�u.�nce praecds sht�l b��vtd to cestorarion or re}�air of tho
<br /> Propert}•darnaged, if thc r�toratioa or rrpair is eooflomically feascbte aad I.mder's se�zr_ry is not luseaed. If the restoration ar
<br /> repair is r.ot ecor.omically fea�ible or Lender's�ty waild be tesxaed. tbe irsur�net procttds sha11'.x rpplied to the rims
<br /> securcd b;� this Su�vity Ins�acnt, Rhcx.ha or na thea �ue, with aay ezass paid to Borrower. ff Bociva-er abandoas the
<br /> P*o�erty. o,-diles noc aasa�er Rithin 30 days a naicc fmm Lender that ebe u�carrier hat offaed to settle a ciaim. then
<br /> I.e�der a�y collect the ia3w�+�e proaed4. i.er.:a maY t�se th� proaeds to ►�pair or restote the Properry or to pay sums
<br /> secure�+by t�i�Sec�:riry Insuumn+!.er�..-thu or not th�dve.'�t.its�lay per's�.�d�vill begin ahea the ootice is givea.
<br /> Unless Ixnder�and P.orr�wer othernix z�ec in writing. an; a{iFiication of procKCis to priacipal shal! 3ot extead or
<br /> postpone c:��. due c:aze �f che �oazhlY Paymenu refer� to in parr�rsn�s 1 and 2 or chaage the amamt of the paymtnts. If
<br /> ucider pa:agraph 22 the �re�erty is acqnira!by L.eaGer. Botrower's right:o aay insurarsct policies and prucads t*.s.ilting from
<br /> d�nage ro the Prcperty�rior to the aa�visiti�sha�l pass to I.eader tt+the eaicn;of t�e sua�s socurai by this StLVriry Ituuumeat
<br />' irmnrdiatciy prior to th:acquisition.
<br /> i 6. �uPr.rcy, PresrrFatioR, riaiute�snce sad F�otedioo of i�t Property;Bosroa�z: ,i?an Appilc�tioo; Le�seholds.
<br /> Bo:rc�w�er shall eccupy, establish,a.�,�i usc the Property as Borroatr°x F+r.ncipal crsid�a withia sizty days after the ezecution of
<br /> ii:is Se,��.�rity Instrument and sh�ll cQntinL�t fo occupy the Propaty ss Borrvwei s principai residence ior ai leasr one year after
<br /> �he date of a:cupaney. unicss I.eedtt othec�-ist agrces i�n wt'sting. a•:�iich conseist sh,all noi be untrasonab:;withheld. or unitss
<br /> eseenua;in, carcu:nstanca ezist which are Yxyor� �3ofraxcr's�coac�oi. Bor:ocrer shall not destroy, danvsse or impair the
<br /> Propem•, a11ow the P:operty to deterior,.ze, ar caramit waue on thc Propem. Borrower s�a11 be in defzult if any forfeiturr
<br />, actiun or procerding, w5�ethcr civil or�rimffia!, is�:bat.in Lec'.der's good fait�i judgment cotld rtsult in forfeiture of the
<br /> i r^ropeny or atherwisc cnacerial:y im�air the liea c�eated by this�avrity Instrumeat ur I.rnder's securiry intrrat. Borrower may
<br /> cure such a default anci reinsutt, as proviJe.c::n�aragra�t I8, by causir.,the action ur p�ino to be distnissed with a ruling
<br />� ehac, in Lende�'s goo.�1 faich detcrminario�, pr�iudc� �orfeiture of the E3orroR.�'s intaest in thc Property or otaa mate:ial
<br /> in:pair;2er.c of the li� created by this S�curity tattrumeat or I.eader's sacuriry in*.rrest. Bosrower s�all atso b' in default if
<br />�'� Borrow•er, during thc loan applicatioa p;veess,gav�mueria�ly false or inacc�irae informxion ar statcnxnts to L.endu(�r fuled
<br /> j co provide Lcnder with any material informati�n) in conrxction a-ith the loaa evid�ty the Note, :eclnd•..�g,but r�o!limitai
<br />'� to, represcntatiors�ncexning Borrow�i s occupanc.y nf tht Property a5 z pri�i'i�a1 rt�deacr. Ii this Stcurity In�rumeLt is on a
<br /> leasehold, Botr�w•er shalt camgIy with alt t�e provisioas of t�ie ltut. If $ortoa�tr acqniz� fet tEt3e �o the Pt�+perty, the
<br /> C leasehold ar.d the fc�title shal!not merge unlcss I.ender agrtts to the mager ia a+riting.
<br /> r 7.Pmtertion of LeL'er's Rights in itw Propai�.If Bor.rowcr faiis ta perform the covrna�u and agreemcnts cantained in
<br />� this Security Ins:timent, or there is a legal prococsfing ttat may s;gnifica�dy aff�ct :,rnder's rights in the Property (such as a
<br />� proceedEng in bankruptcy, probate_ for condtmnation or for:e�turc or to enforce laws ar r�gulations}, thsn L.ender may do and
<br /> pay for w•hacev�r is nccessa.ry to prc>tcxt the va;ue of the Pmperty and I.a:d.�s righu *n the'�roperty. Ixnder's actirn,s may
<br /> inciude paying any sums secunYi by a tirn which has prio!in over this SeLVriry Inswtnra:, ag�ear�g in cou.�t, paying
<br /> rcasonable attorneys' fecs and tnterin�on t�t Proprmi to make repaits.Alihoti�h Lrndu asay:ake ar_tion under this pzrag*ap:z
<br />� 7, Lender dces not ha�•e to do so.
<br />+ An� amovntS disburcd by Lender undcr �is paragra�h ? shnll bxome ad.�litiotfat dcht of Borrowa secured by this
<br />� Srcurity Instrumenc. Unlcss Borrowcr and Le�dcs agrec tc otae� terms of paymeat, thae amounu shall bear interest from tlhe
<br /> dace of distiucsen�ent at tl:e Note rate and s,hat! be payable, with inttrest, upoa nQtix from l.rader to Barrower cequesting
<br /> p�ydr.�nt.
<br /> 8. �to:tgage I�uureoce. lf Lender required mortgage insuranet as a condition of making th.,loaa sec.vred by this Stcu�;.ry
<br /> Ir,�:;ument. Borrowe�r shall pay ttte premisacs requir�d to rnaiatain th� mnrtgage insuranoe in ef;xz. If. for aay nason, the
<br /> monga£e iasurance�ro�•erage rcquited by Lender iapses ur ctases to be in effect. Bocrower shall pay the premiums requi.�ui to
<br /> obtain corera3e svbsaantially equivdent to tne mortgage iasura�ce previousIy in effa�t, at a cas:substantially equivalent to the
<br /> cost to Bomewer of the mongage insuraccY previo�uly in effxt, from an alteznate mortgage iasurtr appravai by Lender. if
<br /> substanrially equivalent mortg,age insurance coveragc is not avai?able, Ban�awcr shall pay tc I.ender each month a.sum equal ta
<br /> one-twelfch of the yearly mongage irsuranc�gremi�beiag paid by Borrower whe.a tr.e i�surance qve:age lapsed �r ctased to
<br /> be in effect. Lende:wi11:crept,ose and retain t�se payments as a loss ieserve in lieu af �rtgage insvrdncx. L,oss reserve
<br /> 1- 4 5 4 �«m 30�8 SI�
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