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<br /> , ` , the vemeats naar axiatmg or heresRer erected on tha . �
<br /> • , . . - • S. Ha�rd or Prapety Iasarance. Borrawer ehall keep impro ( , "� �` .
<br /> pmp�y�d agains�toss by 8re,ha�ds included withia the term'e�ded coverage' �d anY other hazards.incinding f ��S. ` ,
<br /> - - - t�cods or floadiag,for wDuch Lrender�equires�ace•'lbis insutance ahaII be maintsined in the amo�ts aad for the periods� 1
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<br /> , :`�`.:°: that Leader t+equi�es,The in�aace carrier praviding the insuraace aha11 be chosea by Bonower enbject w IEnder's agproval . - _ .-:
<br /> �— - --.- wluch ehall not be imreasonably withhetd. If Eosraw�fails to mainta�a coverage deacn'bed abm►e. Lender maY�at 1��'e� _ - -_.`- _ _
<br /> . oprion,obmm cova:age to pmoect Le�der's rights ia the P�opeSy ia accordaace with p a i a g r a ph 7. , '_
<br /> � � . A l t i a e a r a n c a p oHcies end ce�ewals sh�I!be aa:ePta6le to Ir�der ead sl�ail mclude a standard mortga8e cta�sa. Le�der� _ _ .
<br /> . sLall have the right w ho2d tha policies�d�newata If Lender�uces,Borrower eball promPttY give tn Leader all receipte of� _ `. ; ,, _
<br /> " P�P��and r�ewal notices.Ya tha eveat of toss,Eorrower ahall give proatpt aofica to the insauasce camer and Le�der.� . � �._ : ;
<br />_ , l,ender m$y make pmof of loss if not ma�e promPUY bY
<br /> Bor�wer. �' z ;';,
<br /> _ Unlesv I�der�d Honower othetartse ag�ee ia w r lting.msaraaca Pm c�d e s h a ll�e a p p l i e d w r a s i o t a t i a n a=m p a i r o f� .
<br /> - ' pm p e rt y d a m a g e d+if the restoratioa or repair is ecwnomically feas�te and L�der's eeauiry is not lessened.If the�estoiation or - - ._,;<F.�..'.._..
<br /> • ., . . . repair is aot economicalty feasi"ble or L�der's seca�rity wouW be lesseued.tha iasaraace psnceeds shaU be appfied to the aums
<br /> � secutxd bjr thia Secutity Instr+ime�t,�r or not thee�due.with any excess paid w Bouower. If Bflrnower abandons the , `�
<br /> , ` prcPerty, or does not answer widua 30 days a notice from Ir�des that tbe insnremoa c�er has offered w seWe a claim,then , ,�-.
<br /> � I�ender may coltect the in.auisnce pmceeds. I�der ma3+usa We proceeds to repair or Rswm the Pmperty or to PaY sums . , .:
<br /> I end ''
<br /> ' ° secured by this Se�itY Ins�u��.��or not then dua.11ee 30-day period arill begin wbea the notice is givea. . �;�� �.,.:
<br /> � Un�eas Ira�dsr ana BarQOwer otherarise agrea ia writing, anY BPPlic�tioa of proceeds W principal �ali not e�e�d or ., . _'..•, •
<br /> . postpaaa the dne date of the mantbly payme�ta referrr,�to in paragraphs 1 and 2 or chanp,e the amotmt of the Faymenta If •:s'�
<br /> .. , _ unct�r garagtagh 21 the Prnpeity is acqnired 6y Leaaer.Banvwer's right to aay iasueaace pol�aes aad pmceeda msniting fmm _'.� ._�,.-
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<br /> ' ' ��' damage to the Pra�ertY Prior to the acquisition sball pass tv Lender to the extent of tha sums sean+ed by ttus 5ecurtry Instniment � Y-A-
<br /> :r,� � _ _
<br /> - �iately prior W the acqnisitlan. r �� ' :_ �
<br /> 6.�ccupancy,PRServation,Malntenanc�ana H+ntedion af the PlroPeitY;Bore+ower's I.oa¢�Applic�oa;I.asehold9. ; .:•. } f -
<br /> ; . " > � Boiruwer ehall occupy,e s t a b��h.a n d u a e t h a P r o g e�t y a s B a n o w e r's p n ac�p a d res�dence aIthin s i x t y daqs a8er the e�c�an of �,,..;f .��.�%���;_�
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<br /> . .•,; this Secariry Ias�t sud s�aD contume W accupy the Yt+nperty as Houower's pra�cipal tesidence for at least ane year after .�` %,.,� •
<br /> � ,, ;i the date of occa�cy,un2es9 Lsnder oWerwise agtees ia writmg.ahich oonseat aLaII nat ba�mreasonably withl�etd.or�less ---
<br /> + • ... eRt�oadng cirwmstances e�si wtuch are beyond Bo:rower's contcol. Busmwer sba11 noi dastt+ay. damaga or impaIr �a .
<br /> . . Froperty,aItow the Propary W deteriorata,or commit wa�e an tha Pioperty. Bonower sball l�in dafault if a�►forfeiUn+e _
<br /> . . . � action or psoceeding.whether civ�or cri�inal.ia begun t*�at ia Lender's gaad fait�judgment coutd msult in forfeitu�of tha -
<br /> ' Preperiy or oWeswise materlaUy impair the lien created bY tbis Security Instivm�t or Lender's seaulty inteies�Borrawer may ., ���
<br /> . . rum auc�a defaWt and�instate.as p:ovided in pafagraph 18,by causing tbe actian or pioceedia$to be di�issed aith a niling - , �_�
<br /> s� � ludes forfeit�e of the Bormaer's Intecest in ths Pmgesty or other matatIal
<br /> that� ia Leader's good fatt� determination,p�c ,._.s
<br />•".: � . impai�ment of the IIen cteated bY Wis Seeauity Insuument or lr�der•a seeurley inteiest.Bottower aLall also be in defaWt if ..., ''"��,.
<br />. ,:r Borroaes.d�uing tha loa»appllc�tion precca9.gave mauriaUy false or inaccurate information or statemeate W Ir�nder(or fai2ed ::_�;.�:-
<br /> : to provide Lendes wtth any matesial iaformatton)in carmecttoa with tha loan evidence�by tha Nota.tncIuding.but not limited 1 •r.?c__`
<br /> . to.repre.sentattons conceming Bort+nwer's accupaacy of tha Fmpetty a9 a principal residenca If tLie 3ecurity Insitument is on a �=.�� .
<br /> � ' � • leasehold�Bots�nwer eLraU comply with all the pmvlsIoas of t$e lease. If Bormwer acquires fee 6tte to tha Property►. the . ���;-
<br /> ;{. �' .y�.',
<br /> � leasehotd aad the fee titta ehaU not metge uniess Leader egc+eee to the merger ia writinS• :; �. '�,-_
<br /> eg ee
<br /> � � 7.Protestioa of I.ender's Rtghts in ihe A+operiy.If Borcower fai2s to perform the covenants aa3 a�eeme�ts ceatained in �. _:>� , �y�.
<br /> . . tLie Socarity laswment,or there is a legal proceeding tha,t may�ignificantiy affect Lender'e rights ia the Property(sueL as a . ' . �`._
<br /> ' Praceeain8 in ban2�up�Y,P�bate,for condemnation or farfeitura or tv enforce Iewa or iegulatiant+),thea Leadet may do and . _;;
<br /> ' . • . 3 PsY for ahatever is aec�sary w protect the value of the Pcoperty and l�eader'e rl�ta in the Pmperty. L�ender's acttons may �
<br /> . � iacluds Paying aaY sums secur�d by a lien wluch has priority over thia Seauiry lashume�t, appeatiag ia court. P�8 .
<br /> �+easonublo attomeys'fees eud entering on tha Picoperty w make repturs.Althoagh l.t.ader ma}►talce acHan undes this patagrapb __ ...
<br /> ' ' 7,Leader dces not have to do so. �
<br /> , • ' My amauats disburaacl by L�ender uader tbis paragrapb 9 shall become additlonal debt of Borrower socured by thie . „ . , � .
<br /> Security lastrument Unles9 Botrower aad Le�der egree to other terms of payment,these amounts eLaTl bear interest from the . . .
<br /> � � dafe of dlsbwsem�t ai tha Nota rate and ahaU ba payable, with intesest. upon notice from lr�der W Bonawer requesting .. . �
<br /> ' .. F�eat. . � � � . �
<br /> 8. Mortgttge Inssn�anoe.If lxader sequi:ed mortgaga insurance a9 s condition of making tha loaa sscund by tWa Sec�rity . . ,.
<br /> Instrument. Borrower ahaU pay the ptemiums z+equired to maiatain the mortgage insureace in effec� If, for aay reason, the .
<br /> � ` mortgage iasutance coverage required by Lender lapses or ceases w be in affect,Borrowar sl�all pay tha pnemlums iequired to •
<br /> . obtain coverage substantially equivalene to tha mortgaga insurance previausly ia effect.at a cost substantially equivalent W the .
<br /> ' cost w Borrowar of the mortgaga iasurance prevlously ia effect,from aa altemate mort�ge insurer approved by Lender. If .. .
<br /> . su6stantially equivaleat mortg,oge iasurenoe coveraga is not available,Bormwer sLail pay to laader each moath a sum equal to .
<br /> , . . ono-tweltth ot she ya�*ty mortgaga in.auraace premium being Qaid by Barrower when the insurance coverage tapsed or ceasod to -- -
<br />- be in effect. Lender will accept.use aad netain these payments as a loss nserve in lieu of mortgage insuraaoe. Loss resen►e f " . :
<br /> .. ' 114- 1567 Fomi soQe��l o ¢ '• '
<br /> � ��6ttINE)m»s�.m LT044 vaoesme uv�w.:_`c�� , . ,
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