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<br /> �' -�� 3.�rard or'rruf►eriy i�i5iirui'iie. �o�rr,v�er stnll k...,-p thV U11'J��N�N���0�:eai�ting os hcreARes es��ci��e�o�P�Y
<br /> insurcd egainst loss by firc. har.urds included within thc term '°extendcA wvernge" and any other hazerds,including floods or , _
<br /> flooding,for which Lendu eequires lnsurance.'Yh1s lnsurnnce ahall b�rasintaincd in the araounts and for the pedods thnt Lender
<br /> , rcquires.'fhc inswrance cerrier providing the tnsurence ahull be chosen by Borrower subject to l.ender's npprovttl which shall not _
<br /> be unrcason�bly wid�hcld. If Norrowce fails w mainwli� cove�^r,ge descri6csf nbove, l.ender rnay, at i.ender's opt�on. obtuin
<br /> ' cnvcrago w protect Lcndu's dghts in tho Property in eccorctancc wi�h paregraph 7. �
<br /> �,,. All insurance po8ci:s end eenew�ls shnll be acceptablo to Lender end shall include n standard mongage clause.Lender shsill ,,
<br /> ""' .w havc the dght w hold the policies and renewals.If Lender rcquir�s, Borrower shall prompUy givc to L:nder ell receipts of pald
<br /> " premiums nnd renewal nodces.In the event of loss,Borrower shall givo prompt nodce to tho insurance carrier a�d Lender.Lender ;
<br /> , may maka proof of loss if not made prompdy by Borcowe*.
<br /> ' Unless Lender and Horrowcr othenvise egree tn writing,insumnce psoceeds shall be appliccl to restoration or repair of thc �
<br /> pcoperty damegcd,if tho restoranon or repair i9 oconomicaUy feasible n�d Lender's securiry is no�lessened.If the restozadon or ,`,s.;�s��j;�
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<br /> repair is nut economically feasible or Lender's security would ba l�ssened,the insurance proceeds shall be applled to the sums � . ..,�:��,�.
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<br /> sccured by this Seciuity Instnunent, whethcr or not then due, with any cxcess paid to Borrawer. If Dorro�ver ubandons the :,r;_;_.�_`
<br /> . Property,or does not answer within 30 days a notice from I.ender thnt the insurance canier has uf7crru to setile a clxim,then :� ;+i;�tiT��,��!�'�`-
<br /> Lender may wltect the insurence proceeds.Lender m�y use the procecds to repair or restore the Prop�ty or w pay sums secured •.,�s��,� ..-
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<br /> � � by thls Security Inswment,whether or not then due.'Itie 30�clay prriod wi11 beSin when the nodce is given. ,;.;.;,�,Y. __
<br /> Unle�s Lendcr end Borrower othenvLse egree in writing,anY apPllcation of proceeds ta principal shall nai eatend or xsasqian� . .
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<br /> �- the due date of the monthly payments refenod to In paregcaPhs i en� 2 or cMn�e the amount of the payments.If urzder paragrapu •;.,. � �.^:,_
<br /> �� 21 the Propeety is acq,uirecY by Lender, Borrawer's right W any insurence policies and pmcec�is rc�uS�u,g G►,u,d��iage to iYw ::';,�,,1;,--a----- .
<br /> �Y P����luisidoa►shall pass co Lender to thc extcnt of Ihe sums securod by thls Sec�uiry Instniment immeNately ,;�,:_M,�,.�--
<br /> prior to the acquisidon. , . •�`:"�-:
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<br /> 6.Oucupmcy,Pr�servatk►n,Mpintenance and Pra�tection of t6e Property; Borrow�er s Lostn Appllcation;Leaseho{ds. • �f°��-
<br /> Horrower shall occupy.estsblish.and use the Property as Borrowu's principal residence within si�ty days after tha execuHon of �,:';s`: ',;��
<br /> ` this Security Inscnunent and shall condnue to accupy the�ropertY as BorroA'er�s Principal resideace for at kast one yesr after the ;;;.;�;��
<br /> a dat,� of occupancy, unless Lenda othe,�v�isa agroes in wridng,whkh consent shall not be unreasonabiy withheld,or unless ' 1�` ' ' .
<br /> oxtenuadng circiunstances eaist which ere beyand Sonowci s conrcol.Borrower shall not destroy.damage or Impatr the Property,
<br /> . ...
<br /> �� allow the Prapesty eo detcrioraGe. or commit w�ste on ths Propr+ty,Borrower shall be in default if any forfeiture acdon or ` . `
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<br />_ - procoeding,whcther civil or criminnl�is begun tt�at in Lenclar's gooa caz��udgmani a;u�u��sut:ir fasf�:�rc af i�.:,Yt��i;�.� ;:.F';:�,;` '
<br /> othr�wisa�naurially impair tha lien ccrated by this Soc�uiry Insuu�ne�t or Lu�du's security intaest�Borrowu may ciu�e soch a � �;i�, �
<br /> default end ninstate� as provided ln paraaeaph 18. by causing the action or procecding to be di.4m�isseA with a niling that, in , .
<br /> Lendu's good faith d�etamin�tion,prxiudcs fo�feiwro of tlie Barowa's interest ic►the Property or other mater'sl impaimnnt of t,i ,;.,:
<br /> - . , B wcx durin tho -
<br /> ttt�Uen cr�ea�ed by ihis Socttrity Tnsuumeitt ot Le�tdcr s sceutity interest.Botrawet shaU elso be in default if oiro , 8 ,f;<..
<br /> {oan application process,gava m�terially faise or inaccurate infarmation or sta�ements w I.cnder(or failed to providc I.�ac{a with +�
<br />= � eny mataial in�'ortnstkn) in conn�xtion with the loen evidenad 6y tbe Notc. including, but not Ymitod w.rePresei►tariors _�'=
<br /> l., . concaning Homowa's oceupancy of the Prope�ty a9 a pejneipal residence.If dils Security Insirument is on a leasehold.Bwmwer ',
<br /> �: • . ' shall com pl y aith ell the p r ovisions of the leaso.If Bomower acquir+es fae dtie w the Property,the lea�ehoW and the fee tide shall
<br /> � _ nnt merge unkss I.endu agrass to the merger en writing. -=� -
<br /> .. 7.Protectb�e of i.ender's Rightc in the Property. Ef Domower tatls to pe,rform the covenants and agroements contah�ed in -_
<br /> _ :.;,� . this Sec�riiy lnswment,or the�e is a legal proceeding that may si,gnifica►ttly affect Lender's rights in 1ha Propesty(such a9 a ."9`-
<br /> �: I�B���P�Y•P��•for ca�demmation or forfeiriuo or w eaforce laws or reguladons).tlxn Lendu may do end pay —
<br />�'�!��- '�• . . `� f�r whatavu is nece,ssary ta protect the vaWe of the Propaty and L.a�de.r's rights in the Property.Le�►de�'s actions may include
<br />,ti�, .. `.�._ payyig eny swns sxtr�red by a lien wi�ich has priodty over this Socurity Insuument,aPP��B in court,PaY�B�� _
<br /> �� ~�� •3 ��: attornGys' fas and cntatng on tt�e Propeity to makc rc�air�. Aldwugh Lender may tekc ection undcr this paragraph 7.Le,nder
<br />?:._ `� �� does not havo to do so. —
<br />�': :_ ..." qny�nts clisUwsod by Lendcr under this par�graph 7 shall bocome addidonal debt of Sormwer scxwrcd by this Security _�-.---_.__.____
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<br />- • Inshun�ent Un9esa Borro�+er ond Lender agroe w other tams of payment, tlkse amounts st�all bcar inunst from�he date of --
<br /> ��~�-�; -�-� dLsbiusenteatat the Note tate ond shall bc payubk.with jnterest.upon notice fmm Lender to Barower re9�8 FaY�� -_
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<br />:yq:�, .`. . .. 8.Ntortenge Insuran¢e. If Leader required moitgege instuance as a condlpon of malring tbe loan secural by this Socurity �_-.-_--_--W_--_
<br /> . . � Insocumcnb Borrower shall pay the pcunianns required W maWain►he mortg+aBe insuranco in effoc4 If� for any reason. the �.;�,...-----
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<br />_ .�� :. �a mongage insurance caveraga requir:�d by Iander Iapses or ceases w be in effoct, Borcc►wer shall pay the pruniums rc�quirod w -i--�-��-
<br /> . : �� obtain wverege substaadally oq�ivatent to the mortgage insuranc� pcc��DUSIy 1n effect,at a cost substandally oquiveknt to tIw - ;
<br /> - , cost to Borrowes of tha rnartgoge insw�anct:previously in effect, from an alceanata mortgage insurer approved by Lender. If � �:�
<br /> � � substandally oquivaient mortgage iaaucance cov e is not available,B�rrower shall pay to Lender each month a sum equal co u��'��'``'
<br /> crag •::r������_•
<br /> ; on�twell'th of the yearly mortppge ansura.xe Dm.mium being Q,�aid by B�rrower when the insurance covciage lapsed or ccasod to �.s��:.;-=•;
<br />_ • ba in effect Lender will aocept, use and�zain tfiese paymenta as a 4�ss rescrve in lieu of moctgage insurance. 1.oss resen+e .���'�,�t;yj�."-
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<br />- f'` Form 8020 4/00 :?��+;�'�.;.
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