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<br /> • S.Hazard or Property Insurance. Bortowu shall koep tha improvemenls now exlsting or herenlltcr erected on e roperty
<br /> insureQ a�alnst loss by [ire,harards included within the tum "aatended coverege" and iu►y othu hazards,including tloods or
<br /> � floodin8�for whlch Lender requires i�ssurance. 71iis insurance sttnll be maintained in the amounts and far the periods that Lender
<br /> require.v.'Ihc inswrance carrlcr providing the insuranco shall be choscn by Borrowcr sub,�ect to L.eadv's approval which shaU not
<br /> be unrtasonably withhcld• lf Hor�owr;� f�ils co rnaint�ln caverr,.ge dc.:ctlbed abovc, L.ender may, at Lcndrr's optinn, abitiln .
<br /> Goverage to pmeect Lender's rlghts in thn Pmpeaty tn eecordence with paregragh 7. �
<br /> ' � . All insuranoo po��y a��r�wals Sttall be accey�abla to I,ea�der snd shall include a stendard mortgege clause.Lcnder sha11
<br /> -�"""'"`` ` havo the dght to hold the�wlkics end renewals,If Lu►du roquires.Borrower shall prompdy give to Lendu all reccipts of paid
<br /> ' " � '�"`` ' premiums end tu�ewal notioes•In the event of loss,Barowu shtill give prompt nodce to�he inswx�nce carrier and Lendu.Lendu
<br /> myy m�lce prcwf of bss if not msde prompdy by Bozrnwcr. �
<br /> Unkss I.ender and BoTrower olherwlse agrcc in wxidng. Insura�xe Frocesds�hall be:applied to resu►ration or repair of the
<br /> , ` prope�cty damagad. if the restoration or cepair is oconomicelly fe�sibk and I�der's sec:urtry is not lessened.I�f the restoradofl oc Y;�_
<br /> } cepair is not economically feasibk or Lenda's sxuciry would be las.senecl,thz�ns►¢ance Proceeds shall be sPP�U°�-�� ��i:':
<br /> ' � � socured by tt►is Security Instxumet�t, whether or not then due. with any excess paid to Bomnwer.If Borrower ���ns the •- .�.L
<br /> `�-:_
<br /> � propeity,ar does nat enswer within 30 days a nottce from Leruler that the insurance camer has offc�d to seule a c�.then _,,,-
<br /> or restore ihc Pcopeny or to pay sums securGd ';"'--
<br /> . �'. � L.a�der may colkct Ihe insurance procads.Lender rt►�y uso the procceds W npair ��,�_
<br /> r' by this Security Iasuumart,whctha a not It�u dae.'1T�e 30-dxy peslod wtll be�wUea the[�ice is given. c4=o=,
<br /> �.� Un{ess La►der and Borrower otherwise agra in writinB.�Y aPP�af procoeds tci pF�ir►c�pal ahall nat ca��en;ybsq�nne , ,
<br /> �} the due date of the moathlY PaY�ts refe�rod ta in par�ap��s 1 and 2 a changc the amount of the paymenta.I�f u�d��aa�h �-�:�`.
<br /> . 2 1 t h c P c a p G t Y Ls a c quired by L�der.Borrower s cight to eny insurance policles end p[oceais re�w��q F
<br /> - 1�roPertY Ptior to the+�c9uis�tion shall pass to Lcnder oo the e�ctent of the�ums sec u r e d by t h i s S e c u r i�'�T i n�u m e n t i m a x d i a t e l Y ��:�,'r:'-
<br /> prior w the acquisition. Boprower's Lons Applkati�;�seha{ds. �--'"
<br /> � 6.Oocupaoc9.Prt�savatbo,lHttntewaa pnd Pratcction of t�e Propertp; s
<br /> Bamwu shall ocsupy.establish.aad use the Propacy as Bomowei's pcinei�al residence within sbcty days eftcr dt��ac�eeudon of _
<br /> ` � this Security U�suume�►t ond shall contL►ue a occupy the P�q�erty a9 Bom�wa's pdncipal residd�ce for at ieast one year after tho
<br /> da�e of occupancy,unless Lender ottxivvise a�roes in emting, which con.ga►t shall not be annasocwbly withbeld� a unless
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<br /> s ea�tenuadng eirciunstances exist whtch ere beyond Bamower's control.Barowa st�U not destroy.damaBe or impaLr the PmpertY.
<br /> ? allow the Pr�pacY a deterio�cau. a comrtut wt�sto oa tho Pcppecty. Barower shall 6e en defauit if eny forfeipue actbn a
<br /> �- whether civil a ctiminal�Lv be8un that ia i.eaKier�a good faiin juugu��i w�u��t.�s f�:c,iwt�af t!+= -P"t�''!Y O1'
<br />__ ' �gmate�iat3y imPair tlse lkn created by this Secueity L�swroau a!r itnda's security insc�esa.A�rrrowa may cuce such a
<br /> - ' default aad ceu�sv,u,as pmvidsd in p�rag�aph 18�by c;�us�ng tho acte�+r:cr procoalin8 W be�^ni�s.vcr3 with a niling that.in
<br /> I�nder's good faith detamination�{xecludes fafeiture of the Eorcower's interest in the Pc�rcy ee crh2re3 rnatcrlsl impairtna�t of
<br /> � the lica creAted by thls Sxuri�Y I��t or Lutida's secority tau�cst.Bomnwer shall at�ba in det�u]t if Boaowc�.tlurinR dk
<br /> - � lorn appliation Pmo�s�gava mateifallY fatce a irnxurate info:rastion os soucments to L,enclix(oc��d to prnvide Lenda wtth
<br /> :T::-;1 , '• � any nnlari�l infa�r��) jn cautiecdon with ihe loan�vid�nced by t1� Note, includlag. but aea kirnital to. rqxesentations
<br /> :-���-� • <. oonce�ning goROwa's ooc�l�ncY o�'��Y as a principnl nsldence.If this Securiry Instnune�iis on a ka9etwW,Bocrower
<br />- - :''- '� sUall Aomply wIth all the provisions of the ieaia lf Bcrroxa aciquires foo title to ttjo Proputy.tt�e 9e�sel�old end tha fx dtle shall
<br /> ', not maBe unless I�eader agroes w the muSer i�wzidng.
<br />;:;.:i , �.} p�y. � �roetnents contai�tied in
<br />_ N;,;:�;',n:�.�r 7.Protection ot I.eadar's R1�iita i�the If Bomower fails W a�Le r.�vemm�U end
<br /> � "•- th1�Seciuiry Ins�urt��c�tha�e is o 1�8� P��B��Y�S���y+�ffoct Lender's righ�in the PropatY(such as a
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<br /> probate.fa coadcinn�tion or fafeiture ar w enforce Isws ot negulaHons)�then Lex�da msy do end P�Y
<br /> --.:s.:;:��+ ('��er�.�oeors.gsry��o prota',t tho v�lue of db Pmperty and I.e�drr's rights in the proputY•I.ender�s acrions may include _
<br />_-�Y�.'��y� P�X►nB &►Y � aoc�ral by a Ikn which A�s prkxity ova thfs Socurity Iasuwnent, aPPeadoB in� cou�t,PaY�B ��1e
<br />-==-":F%� �ya' fees a�d eacain8 on t1�e Pmpa�Y m make rq�airs.Although Y.ensia�msy teke�cdon und�x this parag�ph 7.Leada
<br /> �-`r�=� docs not hsve to do so.
<br /> � ����� . � My tunounts disbursod by Lenda ua�der Ihis p�ra�aph 7 shaU bocomo add[tio[�al clebt of Sorrower stcured by thi�Soctulty
<br /> `""''•- lnsuunsent Unkss Borrower end Laxkr agroe to otlia tenns of payment,theso arr�onnts sdaU beaa�inta�est fmm the dste of
<br /> v.:'•._-• : 1e.with iet�xes�upou notice Ctom L,encki to Bomcwet roquestin8 P�Y��
<br /> -;�w."::• d�sbiusea�eat at the Note tet�e s�d shaU be P�Y�
<br /> _�:` r� 8.Ma�a=e Issuranc�. ff La�da roq�l manSaSe insuiance as a conAitbn of malcing tbo ban sxated by this Sx►uity ___
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<br /> - .�,�.�.� �nsuunxnt, Sflmnwer shall paY the Pnxniums requi�d co ers�intain �he matgsge insaranco in effoe�If. fac any rea9on. tha
<br /> -`=-�,r�^-., �� pa ums c�equino��trs
<br /> _ ;;:,,.,W,�.�.,; �_� e ins�uanca covaage reqWred by I�snder l�e,g or oeases w be in eft'ect.Sorrower shall y the IxaYu
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<br />--�''' � -""; ', obtain coverage substaatially Wuivalent w tlte mo�tgage insurance pr�viauly in e�ect,et a cost sub�tantiaUy eyuivakat w tbs
<br /> - . . _ •; cost w Barowsr of the rt►atBaBe insux�ec:�i�.,°�ia:siy P.n effec4 f�nm an alu�nate moitBaBe insurer appmved bY �. Ef
<br /> s subs�ntiaUy oquivaknt mort8a8�insarance covea-�e i:�,�cen�vatlable,Hocrower shall pny to Leader�ch iuomU�g�m equal to
<br /> or�e�twclfih of�yearly mortgage ins+u�cn�C,me�ni�rm�ing paid by Bonower when the insuraueez�s�vaage�ia�ar ceas�ed w - -
<br /> ba in �est If�da will aoce�x, use acd c:wari Ihese paymec►ts as a loss reserve in llw of�aaEt„za��insurance.Loss rese�v� g„�.
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