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<br /> 5. Hazard or Property Intnrxnee. Bc�nawet shall keep d�e improvements now existing c�r hereafter erected ou thc '
<br /> ' ' Pro�erty lusuted i�gaiusa loss hy Hre, har.ards i�xludeci within die tern� 'eatended coverage" and nny od�er l�nzurds, i�xlu�llug .
<br /> flcxticls or flooding,for whic�h Lender requi�ey insuraitu:.'fhis in:v[ance sh:�11 be maintnineJ in the xmounts iind for tite periuds ,
<br /> �� that Leuder requires. The insurance carrier pmviding the it�surauce shall be chosen by Bottawer subject to I.endrr's npprovn�
<br /> which sl�all not be unreasonably witlihald. If Banower fails to mxinutin coverage described xbove, Leuder may. at I.ender'ti
<br /> :�..�;; option,abtain wvzrage to pratect Lender's dgh�5 in the Propeny in acwrdance witli paraBrnPh 7• ,
<br /> • �, "� All i�surance pollcies �nnd tenewa�s shall be acceptable to Lender�u�d shall include a standnrd mortgage clxuse. Lender
<br /> suall have the right to hold the{►ollcles aud reaewals. !f Lend�r requlres,Borrower sball prompdy give to Lender�tll receip�y��f
<br /> :I p�d pretniuixts and renewal notices.Ia Q►e event of loss,9orto«�2r shall give prompt notice to the Insurance carrier and Lende�• �:�
<br /> '• L.ender msy make proof of loss if not made promptly by Borrower. ��, .,...;�;1:r:
<br /> 's Unless L,end�r un�d Boaowet othetwise agree in writinS,insurance pr°cceds shall be spplled to restoradan or repair of tlie ��;�..;:..;,�.�.
<br /> �r Peoperty damaged,if the restoration or repair is economically feasible aad I.ender's security is not lessencet.If the restarntion or . ,; ,��r,K_�;,�:,•ti
<br /> � repair is not econoaucally feasibl�or Ixuder's security would be lessened�. the insurnnce proce.eds s6a11 he applied ta the sums .+-,
<br /> ' secured by tLis Securlty lnsmimsnt, whetLer or not then duo,with suY eacess Paid Qo Borrower. If Borrower abaadons tlie ..,�;;_.-----.
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<br /> Pro�erty,or does not answer within 30 days a nodce from Lender that the insurance canier has offereci to setde a clxim, dien , ,�,e��__
<br /> � Lender may coll�;t the inswence proceeds. Lender may use tbe pxoceeds to repair or restore ttie Progerty or to pay somc ;,�.cu+,,_
<br /> secund by t1ils Securlty lastiument,wheWer or not then due. liie 30-day peciai will be�in when the notice is given. ,.
<br /> ��, .,-,,;,
<br /> � pnless Lender and Borrower otherwise agree in writing, any applicadon of pmceeds to Principal shall not extend or '�`�'�'�-��
<br /> '}`` postpone the due date of the montbly payments referred to in paragrapbs 1 and 2 or cbange the amouuc of the payments.If w�der ,,-,,�..:_
<br /> ,`;. paragraph 21 the Picoperty is acquired by Lender, Borrower's ri�ht m any insurance policies and procceds resuldns from '-;,� �`��.,
<br /> ����� da�age to the Property prior to the acquisiaon shall pass to Lencter ro the eatent of the sums secured by this Securiry Instrument �V,�;�_:.
<br /> A ;►�; immediately prior to the acquisidon. , `„�`=�_-�
<br /> , „ �t 6.��;e•�,a„n�y,�ese_rvelion,Ma�►tenance snd Protedton of tl�e Praperty;�orrower s Loan Applicatlon;Leaseholds. .:
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<br /> Borrower shall occupy. establlsh,and nse t�e Prope�ty as Bornawer's prinejpal residence �vithin sixty days after t�e execution of ;�. �,;:,r�� -
<br /> , this gecurity Instnunent an_d sl�ull condnue to occupy the Property as Borrower's princlpal residence for nt least one year after �,.;,:`;;•�,��
<br /> the date of oauDancy, unless 1-ender othenvise ascees in wridng,which consent shall not be unreasonably withheld,or unless . :,:_,-,�
<br /> ;� . _ '�`a11 uat �'�;, �?�E? or imQair the "'
<br /> eatenuattng circxrmstances exist wliict� an beyond tsorrower�s wnirol. Bu�cow2�
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<br />_ :• ;,7. Praperty, allow t�e Property co deteriorate, or commit waste on the Proparty. Boaower shall be ia default if any forfeiture .,i, .
<br />-;:, , ,.. ent could resvlt in farfeitune of tbe ;,
<br /> action ot proceeding. whetY►er civil or r,riminal,is begun ct�flt in Lender's Bood fnith}udSm ��;,;;A;:,
<br /> `�''`r� � , property or ot�erwise materially impair the liea created by¢liis Securiry Insm�ment or Lend�r's security interese. Bonrower may �,�...•
<br />'"• cure such a default and reinstate,as provid;d in paragraph 18,by causing the acdon or ptoceeding to be dismissed with a ruling w
<br /> that,in Lender's gocxl faith detemur,atian, pIceludes forfeiture of ttie Borrower's interest in the Property or other material �
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<br />--- -• impairmznt of tlx lien creatod by tLis 5ecurity InSmiment or Lender's security interest. Borrower shsill also be in defaulc if - -
<br /> l:�;��'.i?,� , � gorrovrer,during the loan apptYCation process.gave vnaterlally false or inaccurate informzdon or statements to Lender(or fai(ed �_
<br /> ti,.'•"`"�''� "' .1 ro provide Lender wEth any material infom�a�on)in connection with We loan evidsncetl by the Note,including, but not limited �,;;�.
<br /> ' L to, tepresentadons conceminB Rorrower's occupancy of the Property as a priaclpal residence.If this Security Insm�ment is on a
<br /> -y�� } ���" leasehold, Borrower shall comply with all the provisions of the lease. 1f Borrower acquires fee title to the Property, the _
<br /> "`�''�.;::�.��• leasehold and the fee dtle s1�a11 not merge unless L.ender agrces to the merger in writing. w�
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<br /> �.,:%:�. �- 7.Pcotedian of X.cnda's Righ�s�in the Property.If Honower fails tc perform the covenants and agreements contained in m,�
<br />-�LL�;�=�,=--- this Secutity Instt�ment,or thece is a legal pIaceeding that may significantly affecc Lender's rishts in t�e Properry(such as a
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<br /> =b�t�.t�� praceeding ia hanL�ruptcy, probate,fot condemnadon ot forfeiwre or to enforce laws or regulations), then I..ender may do an
<br /> ''�'•F;;'%--�9 pay for whatever is necessary to protect the vnlue of the Propeny and Lender's rights in the Pcoperty. Lender's acdons may
<br /> '�'�,.,; � '.L;�, ;.. inclnde paying anY sums secured by a lien which has priority over this Securiry Insuvment, a�pearing in court, paying
<br /> ��;;:y:�,�,�:'' reasonable attorneys' fees and entering on the Property co make repairs. Although I.ender may take acdon under this paragraph _ _
<br /> �:;;:x¢�:�,�.:. 7. Leader does not have to do so. -----
<br /> �'�`'�' `'i"`-'" Any amouats disbu=sed by Lender under this paragraph 7 shall become additional debt of Bonower secured by this
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<br /> -�:;�;', .,_, Sec�uity Instn:ment. Unless Borrov�er and Lender a�e to other tem�s of payment,these amounts shall bear interest from e -
<br /> �-"„""••"� ''•' date of disbursement at the Note rate and shall be payable, with interest, upon notice from L.ender to Borrower requesting _
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<br /> �-`�;-_.,�.:�. pa}nnent. _
<br /> ;,.,�, . . S.Mortgage Insurance.If Lender required mortSaSe ins�uance as a condiuon of maldng tlie loan secured by this Security
<br /> � Iust�umene, Borrower slu�ll pay tlie premiurns reqnirul tc► maintain the mortgage insurnnce in effect. If, for any reason, the _ _
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<br /> mortgage iasucance caverage required by I.Qnder lapses or ceases to be in effect, Bonower shall pay the premnums recluired to ��_.
<br /> obtain covenge substandally equivaleat to the mortgnge insurance pievlously in effect,at a cosi substantialiy equivalent to the ;---- �','
<br /> c�ost to Borrower of the mortgage insurance previonsly in effect, from an alternate mortgage insurer approveil by l.ender. If :. r�L-_
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<br /> s�gstandal;y equivalent mwrtgage insurance coverage is aot available,Borrower sball pay to Lender each month a snm equal to �,i��1,�•^�.•�_=
<br /> �` one•twelftl�ot the yearly mortgage insurance premiur�a being pald by Borrower when the insurance coverage 1»psed ot ceasad to ;�,,..�.�,,,�,�j.�,:�.-
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<br /> be in effL•ce.Lender will accept,use amd retain these payments as a loss reserve in lieu of mortgage insw�►ce. Loss reserve `�.�ti,,.`,
<br /> �,. i Form 9028 �J�� .. .• ,`..;����'.
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