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<br /> 1 S. Ila:ud or Property In�uraaco. �orrower shaq keep the impro�•ement�now eYistin�or t�ereaitar eroctoa on
<br /> . the I'n�perty inautod a�Yittst loss by tic�.luurda includod within tht�term 'eYUnded rnvenre" and any other h�z�rds,
<br /> inciudinr tloa�a or(loodin�,for whlch I.endu roquirca iruurance. Thi�insuraiue s}ull be mainuined in tha ernounu
<br /> and tor tha perio:Ia that l.e:sder roqwc�es.Th-,insursnce arceer providing the insurence shall bo chesen by l3arrpwer
<br /> "� subjxt to I.cndei s approv�l which s1u11 not be unreasonsbly withheld.I[Barrower fdls to muntain cuvera�o described
<br /> � �bova,I.etsder m�y,at l.snder'� option.obtain mvert�c to protoct Lender's ri�hts in the Pnsperty in�anrduux with
<br /> par�nph 7.
<br /> Ali insurss�ce pc�licia� a�ui re�wals shxlt be aceeptable to I.eiidee�nd sholl includa a at�dard moct�iga clocis...
<br /> ,, l.ender s1u11 h�ve the ci�ht to hold tho policiw tnd renewds, Y� Lender requices, Borrower sh�ll promptly �ivo to
<br /> l.ender all ra:eipts ot paid premiume utid ronew�) notices.In the e�•ent at loss, Borrower shall�ive prompt notice to tho
<br /> insurance catrier and Lencler.Lesider may make pcooi ot loss ii not m�de promptly by Borrower.
<br /> Unlese l.ender u►d�orrower otherwise agroe in writi nq,insuranco proceed�i shall be�pQlied to restoration or repiir
<br />. � aY tho Property dsmt�od.it the reswntion or repair is economically ieasible and L.ender's security is not lessened.Ii the
<br /> � sesWntion�r re�ir is not oconomically teaaible or Lrnder's security would be less�nod,the insurance procoeds s}ul!be
<br /> applied to the suma securad by thia Socwity G�atrument,whether or not thw du�.with any exces9 paid to Borrower.If
<br />`°� Bornower abandons the Property�or doea not answ�r within 30 days a notice fmm L,ender tlut the insurance arrier has
<br />-� ofiered to settle a c1um.then I.�nder m�y collect t1u insuranir prnceeds. Lender msy use the proceods to repuir ar
<br />�= restore the Property os to pay sums sxured by this Socurity InsuumeAt,wluther�r not then duo.The 30'dsY Period wiU
<br />� be�in when the notioe ia given.
<br /> Unless l,ender u�d Horrower otherv�ise agree in writin�,any application ot procads to principal stwll not e�rtend or
<br /> po�stpone tho due dite of the monthly psyments reierred to in pua�rapt�1 and 2 or clunge the smount of the payments.
<br /> _ If under paragraph 21 the Property is acquired by l.w►der, Borrower's riQht to r►ny insw�nee policies and prooeoda
<br />- resulting from dami�e to the Property prior to the scquisition chall pLSS to Lendes to the extent of thn sums secwed by
<br /> this Saurity Instrumeat immodiat�]y prior to tho�cquisition.
<br /> 6.Occupancy,Preaervitioa,Mainteaaaceand Protectiva of the Propesty;Horra�er'�LwnApQlic�tioa;
<br /> " Leaa�eholda.BorroAer st�ill occuPY��stablish.uid use the Pmperty�Barrower's principsl rasidenco within sixty days
<br /> �fter the execution of this Secwity Instrument and shall continue to occupy the Properry as Bortoaer'e principal
<br /> residenoe for at leaat one year dter the dau oi occupancy.wilese Lender otherwioe aproes in aritin�,wMcl�conscnt shall
<br /> not be unre��onably withhetd,or unleas exteniutinE c'srcumstances exist which are beyond Borrower's coauol.Borrower
<br />� sh�ll not destroy.d�mage or imp�ir tlae Property.allow the Property to d�terionte.or commit a�ste on the Property.
<br /> Bonower shall be in default if sny forfeiture action oc pcoceedinE,whether civil or criminal,is beYun tLat in Lender's
<br /> good faith judgment could result in forfature o!the Propaty or othcrwise materi�lly impair the liea creatad by this
<br /> Security Instrtu:seat or Leuda's exurity inurcst. Botrower may cure such �detault and ceinetate, �s provided in
<br /> parapraph 18. by cavsin� tho action or procealin� to be dismissed with � rulinE that, in l.end�r's eood faith
<br /> determiaation,procludes fortdt�ure ot the Borrower's�ntereat in the Property or other material impairment of the liea
<br /> crated by this Secwity Instrument or I.etsder's socurity interest.Borrower shall alao be ia default if Borrower� dwing
<br /> the losa application proass,Qave materially filae �or irss�cunte information or atatements to Lender (or failod to
<br /> provido I,ender with saq materia]iniormation}in connectioa with the lwn evideaced by the Note, including.but not
<br /> limitod to.rep�eeeatstioas ooncunia¢ Borrower's occupancy of the Propa�ty �a a principal resides�ce.It thia Secwity
<br /> - Insavmeat is on a loeeehold.Bornwx sh�ll cx�mpiy�ith sll tfu provir.ions of the Iase.If Borrower aoquire�ix titIe to
<br /> ; the Ftoperty,the le�sehold and the fa tide shall not merge un2ess Lender�groes to the m�rger in writin�.
<br /> 7.Protectioa oi Leader'c Ai=hts ia the Property.If Borrowa tails to perform the cavenu�ts and a�roements
<br /> - oontained ia this Secwity Instrumcnt,or there is a lep�l proceeding that may significantly affect I.enda's rights in the
<br /> Propaty (such as i procoeding in b�aScr�sptcy. probate, for condemaation or torfeitwe or to enforce laae or
<br />= regulatioas)�tfsea Lasder may da and p�y for wls�teva is nece�ary to protect the vdue ot the Propa�ty and I.ender's
<br /> rip,hts in the Property. Leader's actions may include piying any sums secured by a lieA which h�s priorety ova this
<br /> Securitp Instrum«�t,appeiring in court,payin�reasomblo�ttorneys'fees and a�tes�eng on the Propetty to m�lce repairs.
<br /> Althou�hh Laides miy taYe sction under t8is Part�rsPh 7�I.wder does not have w do so.
<br /> - Any amnunts disbtu�sed by Lender uader tlris par�grsph 7 sl�all become idditional debt of Borrower eocurod by this
<br /> Socurity Insmuaent.Unless Bonoeva sad Lender agroe to other ta�ma of p�yma�t,theae amounts s1Wi bear interest
<br /> from the date o!disburaeme�t at the Note nte�r.d sh�ll be peyabl�.with intarst,upon nqtice fram I.eader to Bomoaer �
<br /> . roq�esting paymrn�
<br /> 8.Mort=s�Iasuraaoe.If L,ender requind mortpge insursace as a condition of making the losu secwed by this
<br />:_ . Security Instnuaent,Borrowa sh�ll pay tt�e premiums required to mainuin the mort�aEe insurance in effect.If.for any
<br /> = reaoon,the raort�a�e insurance covera�e a+cqwred by Lender l�pses or ceases to be in�tfect,Bomower s�tull py the
<br />- : premiums roqvired to obtsin covera�e cubssantially oquivalait to tAe mortpge iasw�aee petvioaely ia�ffaK.at a cost
<br /> subctan�ally equivaleat to tLe cuet tu Borroaer of the mortgage iasurance peeviovsly ia effoct. from sn slternate
<br /> ,� - mort��e iasurer approco� by I.eader. If subs�taatially equivdent mort�ge ii�surance coverage is not avaitable.
<br /> i Borroxer shsil�sy to I.�er ach month a sum equ�l to one-twelfth oi the yearly mortgage i�stutiace premium bdng
<br />:� p�id by Borrowec xhea tlu iaauuic,o oovaaYo lapeod or ce�sad w be in effect.Lendet w�U afloept,use anci reuin theee
<br /> = paymwta as s Fose sese�-e in li�u of mortYa�e insuraace. I.�ss reeerve p�ymwts r�sa} ao longu be required,
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