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<br /> �� ✓S. Huard or Pruperty I�awwrance. Borrower �Iwll kecp the improvements now eaisting ar hereafler erectod on the
<br /> - � Propeety inwred s�ainst loss by flre, tia7ards included wl�hin the term "extended coverage" and any other hazuds,incfudin�
<br /> - � '•r : .floads or flooding,for which Lender requires insurance. This ins�.rance shall be maintained in the amounts a�d for tha period�
<br /> ,.� ... ,;.,,,,, ,,,.,� thAt Lender requires.The insurance carrier providing the insurance shall 6e chosen by Borrower subject to I..ender's approvd
<br /> which shall not be unreasonably withheld. If Borrowcr fails to maintain coverage described ubove, l.endcr m�y, at Lender'r
<br /> ' '-�'�=��_;.• •� ' '� optlon.obt�in coveroge to protect l.ender's rights in the Property in nccordance wlth parngraph 7.
<br /> . 1..�+�"'''�' = � All insurance policies and renewals shall be accepteble ta Lender and shall include a st�ndard mortgage clause. I.ender
<br /> ;.��"'��r��, sNall have the dght W hold the policies s►nd renewals. If L.ender requires.Borrower shall promptly give to Lender all reccipts of ° '
<br /> i�:•�;��:���:• paid premiums end renew�l notices.In the event of loss,Horrower sh�ll give prompt notice to the insurance carrier aad Lender.
<br /> �����A��rr� Leader may make proof of loss if not made promptly by Borrower.
<br /> ---���-�-•�--- Unless Lender and Borrawer athernfse agree in writing. insurnnce praceals shall be applicd to restoration nr repair of the
<br /> -_�.,` '`� . " '` Propeny demaged,if the rcstaration or repair is economically feasible and I.ender's security is not Icsscned. If the restoratian or
<br /> � . �: r repair is not economically feasible or I.ender's socurity would he lessened,the insurance procecds shall be applied to the 4urns
<br /> � -=-- •; " . ;, '� secured by this Security Instnrment. whether or not then due, with any excess paid to Borrower. If Borrower abandons the -
<br /> - , . Property, or dacs not anawer within 30 days a notice from Lendcr that the insurance carrier has offered to settic a claim. ihen
<br /> — � „ ..:; } Lender may collect the insurance proce.eds. L.ender may use the procceds to repair or restorc ihe Propeny ar ta pay sums
<br /> ���'� ' � �' secured by this Secudty Instrumcnt, whether or not then due. The 3adey period will begin when thc notice is given.
<br /> ��' �p' .rhr —
<br /> —"'—' � � - � �-<- Unless l.ender and Borrower otherwise agree in wdting, any application of pracecds to priiuipal shall not cxtend or �
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<br /> `:,' � � postpone thc due date of the monthly payments referred to in paragraphs 1 and 2 or change thc amoant of thc payrnenls. If
<br /> � � ' �� ��=� under era ra h 21 the Pro rt is ac uired b Lender, Borrower's right to any insurance policies und proceeds resulting from ---
<br /> -==�:;;...:_ F,..... P B P P� Y A Y �.r_°--
<br /> _�r� • .� damage ro the Property pdor ro the acquisition shall pnss to Lender to the extent oP the sums secured by this Security Instrument �,a_,�
<br /> .. � immediately prior t�the acquisition. � -
<br /> ' .. � � . 6.Occupwncy,Preservntlon,Muintenance and Protection of the Property;Borrower's Loan Application; l.easehotds. �-��_-`
<br /> - � '°.;�.�,� •� +�:"� Borrower shall accupy, establish.and use the Property as Horrower's pnncipal residence within sixty days after the execution of �'-'�""�
<br /> . � � this Securiry Inatrument end shall continue to occupy the Property as Borrower's principal residence for ut least one year after
<br /> � " ` .. , h' „ the date of occupancy, unless Lender ntherwise agrees in writing, which consent shall not be unres�sonubly withhcld, or unless �`"-'_
<br /> �',.g, - ° ^„ extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impuir the �""-
<br /> - � � Property, allow the Property to deterioratc, or canmit waste on the Property. Barrawcr shall 6e in default if any forfeiture __
<br /> -`�` -, � action or procerding,whether civil or criminal,is hegun that in Lender's good faith judgment could result in forfeiwre of the ��,y
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<br /> --- '•- �. Property or otherwise meterially impair thc licn cre�ted by this Security lostrument or I.ender's uxurity interest. Borrower may _
<br /> ''=- �_-� �� ' .- cur�e such a default and reinstate.as provided in paragraph 18.by causing thc action or proceeding ta be dismissed with a ruling -
<br /> ' � .. that, in L.cnder's good faith determination, precludes forfciture of the Borrowcr's interest in thc Property or othcr material �� �
<br /> - impairment of the lien created by this Security Instrument or l.ender's securiry interest. Borrower shall �Iso be in deFault if '�:;� .
<br />- Borrower.during the loan application process,gave materially false or inaccurate information or slatements to Lender(or failed �=�=�y
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<br /> - .;;� to provide Lender with any material information) in connection with the loan evidenced by the Note, including,but not limited
<br /> ';�� , ,' to,representations conceming Borrower`c ocrupancy of the Property a+a principal residence.If this Securiry Instrument is on a
<br />- , y`•�� leasehold, Borrower shall comply with all thc provisions of�he leasc, If Borrowcr acquires fee title to the Property, the �
<br /> �� ieasehold and Ihe fee title shs:ll not mcrge unless Lender ogrces to the R+crger in writing. '=�
<br /> - • 7.Proteet(on of I.ender's Rlghts M the Pmperty. If Borrower fails ta perform�he covenants and agreements containal in e_�--u-•
<br /> . this Securiry Instniment,or there is n Iegul pracecding that may significantly affect I.ender's rights in the Property(such as a �"_ -°
<br /> �i • .� . praceading in bankruptcy, probate, for condemnation or forfeiwre or tc�enforce luws or regulations), then Lender may do And � �.
<br /> pay for whatever is necessary to protcct the value of the Property and Lcndcr's rights in the Property. Lender's actions may �'�_��
<br /> ��.. include pnying uny sums securcd by a lien which has priority ovcr this Security Instrumcnt, appcaring in cuurt, paying �;��
<br /> •�-• �� � reasonable attorneys'fecs and entering on the Property to ms�ke rcpairs. Although l.endcr rtwy takc ection under this paragraph ��� ;•
<br /> r .:� ,:,u�,. • 7,l.ender dces not have to do so. __.�-�
<br /> 1 • � ° - An amounts disbursed b Lender under this uro ra h 7 shall F►ecomc udditional deM ol' &mower sccurcd b chis �_�t '
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<br /> ,. Security lnstrument. Unless Borrowcr and l.cnder asrce tn c�ther tcrms of payment, thcxc umnunts shall bcar intcrest from the
<br /> , � dnte af disbursernent at thc Note rnte a�xi shall be puyablc, with intcrest, upon noticc from l.endcr to Bo�rower requestiag �`. .
<br /> ` . ��' •_ payment. _---=v
<br />�� ' � 8.MortgAge Invuronce.lf L.endcr rcquireJ rn�rtgagc insurancc as•r conJition of nmking thr Inan scrured by this Securi�y --_
<br /> �� � � , ' Instrument, Borrowcr shall puy thc premiums requircd to rnaiMuin the mong�gc insurance in effcct. If, for any rcasnn, the
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<br /> �; mortgage insurance coverage rcyuired hy l.cnder I�p�c+ur ccuxe.to Ik in effect.Borruwer shull pay the premiums reyuired to �_
<br /> � �;�j� obtain coverage substarniully rquivalen�to the m�mgage insuruncc previ��usly in effect, at �cost subtit�ntially eyuivrlent to the �{
<br /> cost to Borrowcr of the mnrtgage in,urancc previnuyly in effect. from an alternate mun�;ugc in�urcr approved by L.ender. If �';�'
<br /> „ ' ",}?� - substantially equivulent mongnge insurance r��verage i+ nut avuilablc,Borruw�r xhall puy to lxnJcr each monlh u sum equal to f "
<br /> - " onc-twclfth of thc ycarly m��ngagc insurancr prcrnium Ncing p•riJ hy B�irrowcr whcn thr imurancc covcr•rgc lapKd or ceascd lo ��
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<br /> � �, be in effect. Lender will xccpt, usc rnd rctain�hck p•r�•nun[ti u� a luss rc,crvc in licu �il' mongagc insur�nce. L.�ns rcxrve ;
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