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<br /> S.Huzard er Property�nsarance. Borrowcr shall kcep thc improvemenis now Gxisqng or hem,�f�ec crcxtcd on the Properry �-
<br /> inswai ngainsi loss by fue, hm.ards included wlthin lhe term "extended covcragc" and nny other hazards. including floods or "'�
<br /> f]ooding,for which Lcndcr rcquirns insurcu�cc.'Iliis insuranca shsill bc maintained in thc amaunts and far thc periods that Lcndcr . '�
<br /> requires.'Itie insurunce carrier prnvlding the insurance shall be chosen by Borrower subject to Lender's approvtsl which shnll not " —
<br /> � be unrcasonably withheld. If 8onower fails w maintein cov�ragc described ubovc, Lcndcr may. at L.cnder's optton, obtnin =_
<br /> � covcrstge W prouxt L.endcr's rl�hts in thc I'roperty in accordence with paregraph 7. ,
<br /> I Ap insurance poHcics and renewals shNl be uccepteble to L.endet and shaU includc a standerd mongage cl�use.L.ender shall
<br /> havc thc right to hold the policles and renawels. If Lcnder rcquires.�mrrower shall prompdy givo to Lender all reccsipts of paid _
<br /> , premiums end renewal notices.In tho ovent of loss,Boirower sha[l�give prompt n�rice w the insurunce cairier und Lender.Lender • '
<br /> � may meke proof of Inss tf not made promptly by Borrower. .' �
<br /> � Unless Lender snd Boira�wu othcrwise agroe in writing,insurance procceds shall bs applied to restoi�tion or repair of d�e ,
<br /> � Prapercy demaged,If the restoration or repair is econamic�lly feasible and Lender's security is not lessened.If the restomdon or � •
<br /> repair is not ecanomicsilly fcasible or Lender's securiry wouid be less�ned. the insi:rance p�roceeds shell be upplIed co tho sums �.
<br /> se;.ured by this Securiry Instru,ment, whether or not Ghen due, wr.h any �xoe�p�d to Borrower. If Bonrawer abnndons the � ; �_ --.=---.
<br /> ' Froperty�or does not enswer within 30 days n notic�frman I.ender that Ihe msurruica carrier has offered to settle a clalm, then � ''�?--
<br /> Lender muy colk;et the insurance procoecls.Lender may use the pr�a,eds lo �ep�ir or restore the Property or to pay sums secumd . .,,� .t.-"°--
<br /> . � by this Securiry Insuument,�fhether or not then due.The 3L�-day g°.si�si��rill irgin�vher the notice is given. .. . ---
<br /> � Unlrss Lcnder end Borrowea•otherwisu agree in wriring,any applicarion of proceeds to principal shall not extend or postponc _
<br /> Ihe duc date of the monthly payments rcfecrcd w in paragraphs 1 and 2 er change the amount of the payments.If under paragraph • -�
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<br /> 21 ihe Propetty Ls acquircd by Lender,Bomower's right W any insurance policies and procEeds resulting from damage to the ,��(r
<br /> proputy prlor to the acquisldon shall pass w Lender w the extent of the sums secured by this Security Insuument immediately � �" `
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<br /> . � prior w thc acquisidon. ��-—
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<br /> � 6.Occupancy,I'�reservatbn,Matatenance and Protectlon oi the Froperty; Barrower's Loan Applk�tion;Lease6aJds. �
<br /> , Bocrower shall occupy,establlsh,and use the Prope:ty as Borrower's principal residence within skty days after the execuflon of ,
<br /> � this Scxurity Insuument end st�all continue to occupy the Propat}�as Barowcr's principal residence for at least one year efter the � ''����.
<br /> '�'' date of accupancy, unless Lender otherwise agreas in writing, which consent shall not be unreasoaably aithheld, or unless �
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<br /> extenuating cincums�tances oaist which ere beyond Borroaer's control.Borcower shall not destmy,damage or impair the Propeity. �,';�.`.�
<br /> -- . ;_ _.� �1.Ja, thn �pr�v�e� ��Irlrfit►ps►tr.� nr rnmmit �u�fr �n IhP Utr_�+rrhi, Mrnnw�r shall M in elefaWt if any forfeiture acdon or
<br /> proceedin�,whetlaer civil or crlminal.is begun that in Lender's goad fsiii�h judgment could result in f�deIture of the Property or Z;
<br /> , othenvlse�neteaially impair the lien created by thls Sexurity Insn�urnent or Lender's securlty interesG Bormwer may cure such a � �
<br /> � default end ceinstate. u9 provided in pa�a� 78, by causing the action or proceedtng to be dismissed with u culing that,in
<br /> Lcada's good faith deteimination,precludes focfeIture of ttie Borrower's inte,rest in the Pcnpaty or other matuisl impainnent of �� ;,;;'�
<br /> the lien cneai�ed by�his SecurIry Instnunent or Lender's security inte�rest Bormwer stwll also be in defuult If Bacnowex.durlug the �.. ;;�
<br /> loan applic�tdon process,gave materially false or inaccurate infocmatinn or s�tements to Lendar(or fallod to provlde L.snder with ,,.:�. �' �
<br /> � eny matocial infortnation) in connection with the t�nan evldenoed by the Noto,u►ciudtng, but not limited w. reps�esenmtions „i � �
<br /> � conceming Barower's occugancy of the Pcopr.rty as a pr�ncipal residencc.If this Securiry Insuument is on a leaschold,Borrower : :
<br /> shall comply with all the provisions of the lease.If Boaower acc��::es fee tidc t4 the Pcoperty.the le�sehold and the fee tiilo sball '
<br /> , not merge unless Lendu agc�ees to the merger in writing. .
<br /> 7.Protection of I.eader's Rt�6ts in the Property. If Bomaver fails ta pe�form the wvenants and agc+eements contatnod in ' •���:�
<br /> this Socurlty Instcumeat,or there is a lag�l proceeding�'�at may sig�ificandy affect Lenda's rights in the PropeitY (such as a _---=��
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<br /> procecding in ban3wptcy.probute.fut condemnation or forfeiwre or to enfona laws or reguladrons).then Lender may do and pay ---_-
<br />= for whatevcx is necessary to prot�ct the value of the Propuiy and Lendu's dght�in the Propeity.I.ender's actions may lncludc - - ____
<br /> ,� PaYing any sums secured by a lien which ttas priority over lhes Sacurity Instrument, ePP��B in court.Pa5'�B reasonable —
<br />- attameys' foes and entc�ing on the Property to moke repairs.Although Lender may telce acdon under thLs puagra�h 7.Y.�nder —
<br />_ � does not hgve to do so. _ --
<br /> _ . My amounts dLsbtused by Lender under this patagraph 7 shall becane additional dcbt of Bo�rower socured by this Sxurity �"�,�,.�,�,t,
<br /> - Instnunent Unless Boirower and Lcndcr agrc,c w other tcrms of payment,Q�csc amoUnts ahall bear intcrest from the date of , =��:_ _
<br /> disb�rsement at the Note rate aind shall be payable.with lntries�upon naice frorr�Lender to Borrower requestinB PeYmen� `%-m1�;y---
<br />= 8.MortgAge I�surance. If Le�dex requiral mortgage insuracwe as a candidon of m�ng thc loan secured by this Socurity �.�,-;q- `°�"
<br /> - ::;:�"'�, . Instru�a�nt, Bocrower shall pay th� �m�niums w�red to maintain the mort e insumnca in effec� If. for on reason. the - �°`'•�
<br /> . . ro4 � b'aB Y �'nT:l: �s_ .
<br />-. , mortgage insura�►ce aoverage�equlrod by L.ende�r lt�pses or ceases to be in effect,Boerow�shall pay the premiums required to = Y�:.:.�trh••�.,,,�-
<br /> obt�caverage substantiaally equivalent to the re��rlgage inswnnce previously in effect,at a cost substfu►dally equivalent to the t��-`�:��������?;�::�:
<br />� cost w Bomnwer of the mortgage insurance prevf�usly in effcct,fnom an ul�mortgage insurer approved by Lcnde�r. If �: •• -'.,,��;"'".
<br />- � substantinlly equivalent mortgage lnsurance covernge is not ava�ilable. Borrower shall pay tn Lender each month a sum�ual to �. � � .,
<br /> one•tweltih of the yearly mortgage insurance premium beutg paid by Bomoa�er when the insurance cavemge Iapsed or ceasod to . ��
<br /> . be in effec�Lend°r will acoept, use and m,taim tt�.ese payments as a loss acserve in lieu of mortgage insurance.L.oss reserve . . • .
<br /> Form aoaa �ioo ° �"; �
<br /> �•afi(NE)(0212).O t Pa�e 3 ot e Im�uts: . . . �
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