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<br /> S,Nazxrd or Property Insurance. Boaowcr shu?l kcep thc imgrovements now cxiedng or hereat2cr er�tcd on e perty
<br /> insuretl t�olnst loss by Cre, ht►�rds included wiUiin thfl tcrm "extended covernge"and any othr.r hrt�.ards, including tloods or .
<br /> flooding,for which I.ender requlzc;s ix�surnnce.This insurunce ehutl tw malntained in tt��amoun49 and for thc periocis titttt i.ender
<br /> requlres.'ilie insurenca carrler providing tho lnsutance sha�l ba chosen by Bonawer subject to Lendcr'o approvnl which shall not
<br /> . be unrcasonably wtthheld. lf Borrower fails to maintain covcra�ga dcscdbcd ubove. Lendcr may, ut l,ender's opdon, obtain
<br /> coverago to prouxt Lender's dghts in the FropertY in o�crsordanco wlth parugraph 7.
<br /> All insurance policies end renewals ahaU be acc�r.ptahle to Lendu and shall include n sta�dard mortga�e clause.Lender shall .
<br /> have ths right to hold thc polfcles t!rt�renewels. lf I.encter rec�ulres,Borrower shall prompAy givo ta Lcndcr nll eeceipts oF paid
<br /> Q , � premiums and renewal nodces.In the eveait of loss,Borrowu shall glvo prompt nodce to the insurence carrier and Lender.Lcnder
<br /> c may mako proof of loss if not mado promptly by Borrowu.
<br /> �^�""""� Unless I.cndu end Borcower otherwisa egreo in wdtln8. in8urancc Procceds shall be applicd to restoradon or reQair of the
<br /> "' �"'* Froperty damaged,if the restoration or repair is economlcapy feasiblo end Lendtr's secunity is not lessened.If the restoradon or
<br /> repair is not economicaUy feagibto ar I.ender's securlty would bo lessened,the insurance proceeds shatl be appltal to tho sums �
<br /> ' scxuretl by thls Sccurity Inswmcnt, whet�er or not �hen due, wilh any excess paid to Borrower. If Borrower ebandons the
<br /> Property,or does not answer withln 30 days a nodce from Lender that the insurance carrler has offercd to scule a claim,t�en
<br /> Lender may collect thA insur�nce proceeds.Lender may use the proccxds to repair or reswre the Fr�perty or ta pay sums secured :�';1=-:
<br /> b�r Ihis Stciuiry Instxument,whethec or not thers due.The 30•dsy perlod wIll begin wha�the noHce is given. .'W,°
<br /> " � Unless Lcnde�r and Borrower otherwiso agree in wtldn8��Y�PPllcadon of procc,eds to pdncipal shall not extend or postpone -..
<br /> � ;� the due datc of the monthly payments nferred co in pareBrnPhs 1 at�d 2 ar chengc the amoemt of the payments.If under paragraph ��°�r�ff'
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<br /> � 21 the Property is acquired by Lendu, Horrower's right to uny insutance policles and procceds resuldng from damage to the ��.-'.-�
<br /> t,� l�mperty prbr to the acquisiaon shall pass to 1-ender co iho ostent of the swns�ured by lhis Security Inatntment immcxiiatety _
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<br /> , � prior to the acquisidon. ''�:=;�'---
<br /> � 6.Oc�upancy�PreservAtbn,IVlatntenan6e an@ Protection ot tbe ProPeKyi Borrower's Lostn Application;Leaseb�oWs. �:;��° _
<br /> ; Borrower shall occupy.establish,and use ttw Pruperty as Borrower's principal residence wlthin sixry days after tha eaecudon of ��;�-�.i;.',.,=
<br /> . th1�Security Jnsuument and sf�all condnue to occupy the Propaty es Ha�wer's principal residence for at least ane year aftu the -�.�.�.p
<br /> � clate of oceupaney. unless Lender otherwise agcees �n wr►tin8� Wdkh consent shatl not be unreasoaably withheld, or unless �'�"."-____
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<br /> eatenuating cIrcumstances exist which a�bayond Borrowu's control.Borrower shall not destroy,damage ar impuir the Propeity. ��;�
<br /> allow the property to detulorato, or commit wagte on tha Pro{x�ty. Borrower shall be in ckfault if eny for€eiWre ecdon or
<br />-. pmceeding,whether civil or crIminal.ls bo8un th�t in L�nd�'B 800d faith judgment could result in forfeiWre of the Property or �
<br />- o�Lse mat�cyally impair the lien created by thls Security Instrumeat or Leuder'R security interest.Bomnwes may cure such a
<br /> � defauls aad reinstate.es provided in p4ra�greph 18�by cansing the acdon or�noceecling W be dismissed wit��ruling that,in --
<br />- ,� , �.uttiet's gaod iaitn duamir�aiiix,��a,l�f�:f�itu.:.Bf L�°sts��,�.�� �.�no�►�r�,�pnn�r,ty�±r�uhr�materiAl im,oairment of
<br /> �:. the 11en creaud by this Secur3ry Insocumetit a Lendet's socurity interest Batowu shall aLso be in defeult if Ba7awu.during the
<br />-.�.. - loan applicstion pcocess,Save matt�rially felso or inaecurote information or statcments to I.ender(or failed to provide Lendu with
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<br />�:+�,;� any matersnH enfortnatian) in connectbn with the loan evklec�ced by the Note. including�but not llmited t0. representations
<br /> '" . �a�ceming Barrower's c�ocupaacy of the Pcoperty�a a principel nsiderrce.If this Seeurity Instrument is on a l�avehuld.Borrower
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<br /> ;$wi;,ti;.<, shell compty with all the provisions of tfw Icase.If Bormwer ao9ulres fee dtlo to the Property.tho leasehold and the fee
<br />-.: .� not marge unkss I.eader agroes to tho mecga in wridng.
<br />�°'F'.�, ::;' 7.Protect➢on of Lender's Rijhts fs tbe ProP��3'. ���
<br />_=,, -��T.,. �f Bar�ower falls to perf'mm the covuiants end ts containal in
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<br /> 7�..� ...,-.e.�r this Securiry Instcumen�a thete Ls a kgal pincoodin8 thu may significanily affect Lendu's dghtv in tha Propaty (such ag a
<br />- pmceoding in banlc�uptcy.Probste,fcx cond�8on or forfeipuo or w enforce lawa or regulations)�then Lender muy do and PBY
<br />`.=�„'w.�;;;,,, fa wh�eva is axessary w protect tha v�lue of d►e Pmpaty end I.ander's rights in tho Propeity.Lenda'a ecdona may include �
<br />-�--��=-��,�� P�Y�►8 �ny surtu sxurnd by a!kn which bav pdorlty over this Secur[ty Inshumcnt, aPP��B in co�ut.PaYIng rea9onabb
<br />�....-"f�'�"�� at�omcys' foes a��d entsring on the Property to make r�sirs.Although Lendcr may talce acdon under thls puagrapl�7.Lender
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<br />___-�-"'� A.hy�muu^ss �Q �•�ESI by L��u arutrr this pareg�enh 7 s�ell become addisioaal debt of Bamwer socurai by this Security
<br />��=�;`�� Instrumaat Uakss Bonvwa end Lenda sgree w othar tnrms of p�yment,tts�sa�rnounts shall bea�'incaest Crom the date of `
<br /> '�'±`�=-;�'�'� cliibunement at t6e Nore rate anci st�all be payabk�with interes4 upon notice fcom Lenz3er to Borrowcr ro4�8 PaYn►en�
<br />�T--�"��� a iasuranoe as a condition of makin tite loau secered by thLv Secuel
<br />�n.:�s��t� B.Mar3gage IaisurA�ce. If I�enckr i'Wuic+ed mortSaB 8 �Y
<br />�:���:'�••<. ums required w maintain the e snsurancc i�effec� If� fa any reason. the
<br /> . ..�-�,.,.� In�tnunent, gor¢nwer slwll pny the pc+er►il �BaB
<br />������. ��S�Be insuranco cover�ge rcquirod by I.eayckr lapses a ceases o�be in�'ec�Borrowa shall pay the premiums roqulrod a�
<br /> ir� � -- abtain oover�ge subsmatially equivaknt to the matgago ins�nce praviously in effaxt,et a cost substantially oquiv�lent co the
<br />--- ._-j cost w Barrawu of the mortgage insurance Pcoviously in effect� from an altunat�mortgage insurcr apprnved by L,�nder.If
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<br />-� �..�� substsntially equivaknt mo+tg�ge iqs�uanas coverAge is not availab�e,Borrowa shaU pay to Lcndu each month a sum eqnal tn
<br />�"'�'`�.`':°#•, on�rwclfth of the earl m e insurance Fnmium btsing paid by Borrowa wlx,�the insurance coveaage lapsed or oeASOd w
<br />.-;�. ::.w� �::.� . ba in effect Lender wi11 eca�cep�use and m.t�in these PeYments ns a loss reserva in Ueu of mo
<br /> �_ _^ : 4• rt88Ba insuiance.Loss reserve
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