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<br /> S,HArar�D or Property InsurAna. Barcawer shall kocp the improvements now oxisting or hereaMr crected on the Propeerty
<br /> insurcd against loss by fae. hauirds included withln the term "eatendect covcrage" end any othen c��.erds,including floods or .. ,
<br /> � tk�ading,for whkh I.andu requires insurance.'Ihis insurance shaU be maL�tained in tho amounts end for the periods Ihstt Lea►der
<br /> r�equires.'Itte tnsurance carricr provtding tha insurance shull be chosen by Borrower subject to I,ender's approval which shall not �
<br /> ba unreavonably withhcid. If 13arrower fa!!s W maintaln cov�rngo described abovc, d.ender roay. at i.ender's optio�, oG(�ain
<br /> � wverago to protoct l.cndu's dghts in tho Property i�accordance with pn�egraph 7. '
<br /> r���; AU insuranca polieies and renewals shall be scceptable to Lender end ahall include a suu�dard mortgage clnuse.L,ender shuA • ,
<br /> � � have the dght W hold the poticies end renewcls. If Lender requiirs,Bocrower ahall prompdy give to Lender all receipts of pafd
<br /> . premlums and reneuval nodces.In the event of loss,Dorrowe�r ehull give prompt notice to the insurance carri,er and Lender.Lender ,
<br /> may make proof of loss if not made promnlly by Borrower. •''��,-.::-
<br /> Untess Lendu and Bomower otherwise agree in wridng,insurance proceeds shall be applied w restoeatlon or repair of thc „:.,;r:.,_
<br /> Prope�ty demt+tged,if the restoradon or rapair is economically fet�gibk end L,ert�d�r's security is not le,ssened.If the restoration or '��` '%'�
<br /> iB 1
<br /> repair is not economIcally feasible or Lender's:,QCUdty wauld be 6essened,die inswance pmceeds shali be applied to the sums �.r"r,�_�•
<br /> �.�::,�.r;,.
<br /> � sec�red by this Security Insuument, wh..thcr or nat then due, with eny eacess paid t� Borrower. If Borrower abac�dons the �;i.,=_
<br /> . Propertyr,or daes not answer witt►In 30 days a naNco from Lender that tha iusurance carr}�r hos offered to settle a clnim.the� �°"`-=�=
<br /> �� Lender may collect the instugnco procoeds.I�nder msiy use the procecda to repair or resmr�e the Property or W pay sums socuced
<br /> ^ by this Security Insuumeut,whether or not ihen due.'It�e 30-day period will begin when the notice is given. _-__--
<br /> - �. Unless Lemder and Borrnwer atherwise agrea in wriung.any application of procxds to prIncipal shal!not eatend or postpone �e--°
<br /> ,� the due datc af the ma►thly paymcats refcrred w!n p2ra�raphs 1 end 2 ar change the amount of the payments.If unda pnragraph a,___ .
<br /> 21 the is uired by Lender.B�rrower's ri ht to an insurance , licies and raceeds msultinng from damago to the �_``�-..
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<br /> „ . Prope�ty prbr w the acyuisidon shall paSS to Lenda w the catent of the sums secured by thie 5ocurity Instrument immedlately �,�%_�
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<br /> prior co the acquisition.
<br /> i.OccuPancY.Preservation,MAintenance and Protectbn o1 t6e Propertyi Borrower'e Loam Appikntlon;LrAte�okls.
<br /> Barmwer ehall occupy�establish,and use the Propaty a�Barowa's pdncipal resitknce within siaty days afier the execution of —
<br /> � �,� this So�urity Insuument and shaU continue to occupy tho Pr�perty es Borrower's principal residencc for at kx�t ona year eher the �*t�;'
<br /> deto of occupaney, unless Lentkr otheiwfse agines in writing, which conseat shall aot 6e unressonably withheld. or unkss
<br /> � . aatenuating circwnstet�ce,s exist which ero beyond Borrowu'a conuol.Bwmwu ahall not dtstroy,dartwge a impair the Prop�ty.
<br /> _ allow the Prooatv tn detcr{orete.or commi�t waste on Ihe Pmputy HoeroweJ shall bo Li defauYt If any forfelwm action or
<br /> p00000din6,whether civil or criminal,is begun that in L.endPl's good faith judgrt�t could result in forfciture of the Prnpaty or
<br /> othuwise�nateiLilly impeir�he lien created by this Security Instrument or L.ender's socur�ty interest Borrowu may cura such a
<br /> � defaiilt�nd reinstate�ag provici�ed in paragranh 18.by csusing the actbn or procecding w be dlsmLssed wIth a ruling ttuit,in =-�
<br /> �� —--
<br />_ � L,tadu•s good faith desumination,precludas forfr,iquo of the Bocrowu's interest in the Propcuty or othcr matetial impairment of
<br />�'��''� '" the tia�aented by thia Sxur(ty Instrument or Lend�x's sxurity intu�au.Sormwer shall atso ba in defeult if Bonowea�during the
<br /> -,.. ,'": loam aPA�Drc�cass�Bgve macalaily fatse ar inaacunue infonna�ion or s�aiemencv w I.ender(o,r failed a provide Lender wi�h
<br />-.."4.:•:;R+:• any mnterW Wo�nwtion) in connection wlth the lo�n evklene�xl by tha Ndo� inetuding, but not Wnit�od tc�. �tatlot�s
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<br />-'%;:.','.-'.` concemir►g Borrowa's occupmcy of�lse Propaty aq a principa l a s i d e a c e.I f t h l s S a c u r ity I�s t�umen t i s on a k a u t a l d,B o r m w e r
<br /> -_�;.�;;, sk�all comply with all thc provisions of tho kasc.If Bormwer ecquires fx Ht1e to the Propaty.Ihe Ieaxhold end the foe dtla ah�ll
<br />�.;%;',.;.V-� not mesge uieles�I.er�der agc�ee�W the merga in wridng.
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<br /> ::;__-�:� 7.Protectio�o�T.eader'e Riabta is the�r�;perty. If Borcower fei19 to pafom�the covenants and agrcements conteLjed in
<br /> ��;,�''-� thi.9 Socurity Luwmeat,or thcre is a kgal proceeding that may signiticantly affoct La�da's rigbts in the Prnpaty (such�v a
<br /> .�1::��,� Proceedin8 jn h�nluuptcy�Pcobate,for condemnetion or fafelWre cx to enforoe l�Na or regul�tiona)�then I.enBer may do�nd PaY
<br /> -- fvr whs�eva ia necessry to pe+otect t4a v�luv of tt�a Pmpaty and Ixnder's righta in tha Propaty.L.end�Y's�ctions m�y include
<br /> -.._ -- -_ PaY�R any suma socural by a]kn Whicd has priority over tfiis Sectuicy InsCnuna�b��$ in cc,�,�i.�+�$ :��i w _ _
<br /> :__.,'�_;�_,�:� atwmmrrys' foe3 end entering on tho Prapei�y to maice re�aire.Althoogh L�enckr may talra actlon�nda this par�h 7�Lender
<br /> -- d►�c8 not hsva W do so.
<br /> _r��� A�ny amotmts diabursod by L,tnder untkt this p�ragraph 7 shall bocome additional debs of Borrowu socured by�hls Secutity
<br /> v"�4s'";. Inmumen� Unices 8arowrec end I.raxler�gree W otht�i tesms of P�►Yment, these�rwunts shtll bcu intaeat from ttxs date of
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<br /> _ - = diabursanent At tha Naie tata atW shall be payabla.wiW�nta�st.upon notjce from E.a�der w Barowu ro4�$PoY�� --
<br /> _,����,—, b.Mort�e Iowr�na. If 1.enc{a reQuir�d mortgage insurat�ce ag a o0�djtion of malcing the k�et►sxural by this Socsuity
<br />�"�;.;v;,' Insvume�t, Bocrowa slwll pay tha jx�emiums required to maiatain t6e nwctgyge ios��ce in effcet If� fa any �L the
<br /> _.� �-.
<br /> ::,.�f,�•�.�- mortBaBo inst�nct:covuagu�eyairat by L�ndet lepses or ceases to be in tffect�Bckmwu shsil pay the krremiums�mquired to --
<br /> _�,�,.�.�-: obtain wverege substandally equivalent W Wc mortgagu insivanco pteviou.vly in effoct,at a wst substantially cqutvaknt W tho
<br /> .. -,, co�t to Bflrrc�wa of the moctgage instuanco previously in effeet, fcom en altamta moetgage insura approvod by Lentkr. If.
<br /> ...' . . subst�ntvlly oquiv��ra�t nwctgago insun�nce coverage is not availabta.Botrowu shall pay to Lendu each month a sum equ�l ta
<br /> � oiwtweW�of Qie yearlY mortgaQe insarenco premium being paid by Bonowar whca the insunux:e coveiege lapsed or ccASCd t� ---
<br /> . be in effecG I.axler wlll accept,usa end retain theso paymcnts as a bss reserve in �e� of mortgage insunu�oc.I.mss rtserva _ _
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