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<br /> - S.Har,ard or F'roperty Inauret�ca. Borrowcs shall koep thc improvemcnts now cxisttng on c�r�ccr crcC�Ed'dKQ��riY , _
<br /> '� ins�rcd ogulnst loss by �irc, hnmrds includod within thc tcrm "extcndcd wverogc' und any othcr hazords,including tloods or _
<br /> flooding,for whfch Lcndcr rcqulres insuraace.7�is insurancc sizall t�►�iaintair�ed in ti�c amounts and for thG periods that►.ender -
<br /> requlres.The insurance c.�+niar providing the insurance shajl be chosen by Borrower subjoct ta Lendcr's npprovul which shall not „ -
<br /> be unrcasanably withheld, If Bormwer falls t� mal�iteln covernge described above, Lertder may, nt I.ender's apdan. obtain ��
<br /> - ..A• coverage to protact Lender's rights in the Ptopetty in accordance wtth paragtap�7. � '-.-
<br /> " Ap insurana palkies and renewals chall bo acceptable to LPrcder nnd shall includo a standard mortgage cisuse. Lender shall , ---
<br /> hAVe tha right to hold the policics end renewals.If Lcnder requires.Borsowcr sha11 prompUy give ro Lcnder sU rcceipts of paid ; __-__
<br /> premiums end renewal nodces.In iho event of toss,Borrowu shall give prompt nodcc to thc insw�nce ca�rier and Lender.L.cnder = _
<br /> �' may make pcoof of loss if not made promptly by Borrowu. ll���,����on or re air of the
<br /> Unless Lender and Bocrower othcrwise agree in weipng,insurancc proceede sha]!be app P _
<br /> proputy d9maged, if the restarndon or aepair is cconomicapy feasible aa�tl Lcndu's security is not lessened.If the rescoration or . - -
<br /> ��alr is not econamicully feacible or Lender's security would be lessened,the Insurance proceeds sha11 be aPPlied to tt►e sunns -
<br /> � secured by this Socurity Inswment, whether or not tt�en due. wlth any txcess paid to �ortower. If Burrower abandona the _
<br /> �F��Y�or c�oe,9 not enswer within 30 days a natice from Lender that the insuranr.e carrkr has offered to s.ettle a claim,then
<br /> Lender may colleci the insurance proceeds.Lender mey use the procoods W repalr or rcstore the!'mPerty or w pay sums secwed
<br /> � by thls Securiey In�Uument,whett�r or not then due.The 30-day period wi11 beSin when the nodce is glven.
<br /> Unless Lender and IDosTOwer oiherwise agree i�►W►ddn8.anY aPP��on of proceeds to principal shall not extend or postpone
<br /> the due dsue of ttie monthly PaYrt►esns referre�to in paragcephs 1 and 2 or change the amount of the payments.If under pacagraph -
<br /> �;;,,:,. 21 the Property is ecquired by I.ender�Borrower's right W any insiusnce policies end proceeds resulqng from damage to the ';,:
<br /> .,.�::;�.•1`•'�;�'; =� Property(xior to tba acquisition sS�a.0 pas�to Lender to the eaitent of the sums sec�ued by this Security Insirument immediately ,,_
<br /> }.As,;":' `;.'_.`-•, `;;W.;=�-
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<br /> :..,,,,i,,,.:,;, prior to the csquis'stion. - _._
<br /> � ' +r.+�.; 6,pocupancy,pr�ervotioa�Mofntenana and Protectlon of the Property; Borrower's Loan Applicatbn;Leaseliolds.
<br /> Borrower shall occupy. estabUsh,and use the Property ag Borrower's pri�x:ipel residcnce wtthin sixty days efter the cxecudon of .���:~
<br /> . .,,��,,�.,'���. this Securiry Instrument and shall wntinue w occupy the Propecty as Borrower's principal residence for at least one ycar after the �1
<br /> •'�:,:' da�e of occunanev.umless Leader otheiwise agrees in wrlpng. whkh �onsent ahsillll not bo unreasaaably withheld,or unless E,;
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<br /> � e�ctenuating eircum..�:es oxist which an beyond Borrower's conirol.Bcxrower shau not destroy.damsge or imprior inc i���, _
<br /> albnw tho P,nope�p m deuriorate. or ca►unit wasto on the Propaty. Borrower shall be in default if eny fafeiaue acdon or =-
<br /> ��g,W}������ar criminal,is begnn that in Lender's good feith judgmettt oould resWt in fodeiture of the Property or
<br /> . othavvi�materlAlly impair the lien creat�d by this Security Insu�ment a L�ndrr's socuriry inLeresG Bar�w�may curo such a
<br />' default and reinststa os provided in parsgra(�h 18� bY cuusing dae acctinn or pcoc�eeding to be dl5missod vrith a ruling that, in
<br />'� L.endeJ's good faitli deteiminadon.procludes[orfeidua of the Borrower's int�crest in the Property or othei material impaim�ent of --
<br />�.•., the lkn creatod by thi5 Sxurity Ins�umeat or Londer's secucity interest Bonower shall also ba in defeult if Bormwa.during the
<br /> . . loan apQlkation proxss�Save mateaially felu or inaccutate informatkn nr state�nentv to Lender(or fuikd w provido L,euder with
<br /> '.,°' any mutciial infa�cion) in connectIon with the loan evick,nced by tho Note, incluciing.but not limited to� representationa —�
<br /> � concaning Bouowa's occuDency of the Pro�ty as a principal msidence.If this Secouity Insttument is on a leasebold,Borrowa _
<br /> shail comply with all the provigions af the lease.If Borrower acquires fee dtle to the Property.the leaselsold and the fee titlo st�ali ,,�.:
<br />-y:`;;+:�:��,' ' not merge nteZas L,aider e�ees w the muga in wridng. �_
<br /> �"',^,�,'. 7.ProGertioo of Le�der's RiEhb ia the Mr�op�erty. If Barowu feils to j►erfnrm�he covec�ants ead a�reements contained In
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<br /> i.�,;,,y.:,. � . this Securiry Ynstiument,or d�ere is g kgd procoeding that may slgnificantly affect Lender's rights in the Pcnpeity(su as a —
<br />�;:�`;�t,',;'<r..�;,w� proceeding in 6�nlauptcy.pmbate,for cosxiemuation or farfeiwre or w enfoe+ce laws or reguladons),thcn Lenda may do and pay --
<br />:`'���`'�•3`���� fot whatav�r is neotssary to protect d�c valua of the Property aad I�er►der's rights in the Propeny.Lenda's acdons may includa
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<br /> . .''�.:��" ` an swns sact�red by a llen which has priority over this Security Tnstnun�n�eDpaarin8 in court, P�Yu'B
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<br /> � attomeys'fi�es an�3 rntering on t!w Pmpelty to malca repairs.Although Laida may talce�don unslv this parap�epfi 7,Lendei --
<br />-:.;�- .•..�.' '- does not l�avo b do m. _
<br /> = `�?�• �- My amounts disbursed by L,ender under this pacagraph 7 shall bawme addiflonal debt of Borrowar secured by this Securiry -
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<br />�:.�'�'°',;;,,:��' Insuument Unless Borrower and Lendex agree tfl other trrms of paycr�en� U�e amounts shall bear interest from ihe dat,e of --r:_.------_�
<br /> �n:.`,' :; disbwscmeat at tA.e Nota raLe and shall be payable,with intarest.aPon notice from Lcnder to Horrower mquesdn8 P8Yment F�_.m,�,
<br />_ . � ` ` 8.Mart3g�ge Isturanca If Lendu required mortgsige insurance as a co��ition�f making the loan socured by this Securiry g�„-�----•-----
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<br />- � Insa�ment, Bomoarr st�ll pay the pnmiums requirad to maintain the mor�gago insurenco in effect. Tf, for any reason. the �-_�:._—_.-_-__
<br /> mnctg�ge lnsuianc,e coveragc required by Lender lapses or ceases to be in effect,Bocrowe,r shall pay die premi�ms required to �= _-
<br /> � ra�,ti�� _
<br /> , obtain coverage sabstantiially cquivalent.to ihe mortgage insurnncc previously in effect,at a cost substantialiy equivad�nt to the ����__:
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<br /> � .•.';�`'.- �1 cost w Borrower o[t�e mortgaga insuranco previously in effoct, from an altemate mortgege ins�uer appraveci by Lender. If ,��- �,�_�_v__
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<br /> � snbstantially cqirivaknt mortgage insurance wvcrage is not ava�lable,Boaavuer shall pay to Lender cach month a sum equal to . ,..;,,�>:�.,.�:
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<br />- ' - one-tweltih of the yet►rly mongage insurautce premium being paid by Borrower when the insurance covesage lepsed or ceased W ,;•:. ._,�.
<br /> , be in effcet Lender will a�cept, use and cetafn these payments as a loss reserve in lleu of mortgege insurence.Loss resesve �;a_��ts;�?,wr<
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