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<br /> , . ; 5.Razard or Property Iasm�an� Bmzower sLall t�p the improvements now existing or haeafter�on tt►e Pmpecty ��••*�, " ,
<br /> , �against to�cs by fae,ha�mrds inctnded withia the tera�"extended coveiage"�d any other 4azasds,mcluding floods or . . : ; ...
<br /> - ftooding,for which l.endet zequires inswanc�11�is insivance shaD 6e maintained'm the amom►ts and for the peiiods t}iat Leadea . "�
<br /> ( - �qnaes.'Ihe insiaaace cx�er pmvidmg the insuiance shall he chose�e by Bouower su6ject m LeadeJ's appmval which shall nott� � ''- ° . � -
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<br /> be unreaconabiy wuhheld. If Boirowes �a�s w maintain coveiage descn'bed above.I.ender may, at I.euder's ogtion, obffiin� •. _ �. ...:.,, ,.
<br /> _ �-:.�,�r:_- - cove�age to pcotect L�d�'s rights in the�tspeaty iu a�Nance vrith ga�aph 7. . �•_=T-' �`,--- _��:
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<br /> ' AD insmance policies and�ewals s6all be asceptable ta Leader and shall incIade a stan d a r d mortgage c l a u s e.L e n d e r s h a ll�D '�.<
<br /> ' have the:ight to hold the poliaes and r�eavals.If I.euder sequir�.Boaower shall promPtlY give w I.ende�r aIl receipts of paid � � . _
<br /> . greaniums and reaewal notices.ln the eveni of toss.Bonawea shall give prampt notic�to the insurance carrier and La►dea.Lender� ;_ - -
<br /> � . may make pmof of ioss if not aiade pmmPflY by Bormw� :` �" `� ._.
<br /> � - Unle.sg Ir�ded and Boaower othecwise agree in writing,ms�uance proceeds s6a11 be applied o�restrnation or regair of the� ` ;(s_._-
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<br /> Pco�►damaged if dte�nn or re�air is economically feau'b�and I.ende�'s s�cm�ity is not lessened.If the reswrarion or� . , _ _ --
<br /> . . mpa¢is not economicalty feas�ble or L�der's seauity►woW�l be lessr�ed,the msm�ance Fmoeeds sLall 6e applied to the snms �y.•,= :�".�--
<br /> � secuoed 6y diis Sec�ity �nsuament,whether or not thea dde,w�h any eacess paid w Boaowa. if Bmmwer a6andnns the � `• �;:��.,.-:�-
<br /> • , � Pmpaty,or dnes nat ans�ver wit&in 30 days a notice fram I,end�that the�ce cairiea has offe�ed oo setde a c1am�,thea� :.f- �
<br /> _ I.ender may ose the pioceeds to repair or ceswie the�ioperiy oi to pay sams secured � '`^ -
<br /> • Lwder ma}►coliect the msu�ance pmceeds. _ �:t:
<br /> � . ' by dus Sec�aity Instrument,whethea or not then d¢e�The 30-day paiod w�l begbo when the aatice is given. . ---
<br /> � . � . Unless I.endes and Boaower othecwise agree in aiitmS,anY SPP�n of piocceds w princip�al shall not e�cteud or post�one �. � . . -_
<br /> . • !he dae date of the monthly payments referred to m paiagraphs 1 and 2 or change the amoant of the paynneats.Tf wades paragraph . ' '--..-
<br /> ••�:
<br /> �. _. . ` 21 dte Pmpetty is asqnaed by Lenda.Baaowec's riglu w any �ce policies and pmoe�ds resulm►g fraw damage w the .';`;'-'-.
<br /> - Pmpeaty prior tn the acquisition shall pass ro I.endes�o the e�tent of the soms sea�red by this Seauity Instnunent�mediarely .' -
<br /> . ,:'?: prior to the acquisiaon.
<br /> ' . , j 6.OccaPanc9,Pteservat[on.Maintenante and Protedion of We Property; Borrawer's Loan AppIIcatlon,Leasehoids. ..;;�;'�
<br /> . ,� �; Baaow�stiall occupy,esmblisb.and ase the Prapelty as Bosrower's principal residence wiihin snct}►days after the exerution of
<br /> . . .. . �°,' this Saauit�+lnstrume�t and sball cantinue to accapy the Piopeity a4 Bomuwa's principal resid�ce for at teasE one year aftea the ;-- , ,.� ��;
<br /> . ' ' date of occapancl, anless L�des otherarise ag�e�s m wriang, which conscmt shall not be uraeasonably withhetd,or aale� ' .. _..�
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<br /> � ' .�`' exteauawng cffcam�smnces eadst whicD are beyond Borrower's wntmL Barmwer s6alt noi deslmy,dama8e or impa'u the Fropeaty, . ;::�3
<br /> . allow the Ymperty to deteaiamte,or wmmit waste on the Property. Bomowea shall be in defanit if any farfduue acctinon ar �'.:. a�a
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<br /> � : psaceed'mg,whetha civ�or cruninal,is beg�m tbat in Lendea's good faitb judgmeat could zesnit in forfeimre of the Propeaty or . •; -
<br /> . othawiss mateaiallY impaa the lien ccraLed by this Sec�ity insaument or Lender's seauiry int�+est Boirower may cure such a
<br /> . . ' defanit and reiastatE,as gmvided in para�aph 18,by causing the scdon or pmceeding to be dis�nissed wiW a nil�g that.in . ;��?�
<br /> Lender's good faith detetminatia4 F�ludes fodeim�e of the Hoimw�'s mtaest in the properiy or othea material impairme�t of . •:�'..�`=
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<br />. , . � . the lien cr�ted by this Security Instmment or Leade�'s sera�ity interest.Hoimwer shalt aLso be in default if Borrower,durmg the ���='�=-'
<br /> taan agpi�ian process.gave mater3ally fai�e or u�acc�ate informarina ar staternenis w Ixuder(ar fa�ed W provlde I.eatdea wiW ' � -��'-�''
<br /> any material infarrnatinn) in wnnecdon with the loan evidenced by tha Note.mcluding,bm not limited w, mpreseatations � . "��'='�,
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<br /> ` .- . canc�niag Horrower's accupancy of the Propeaty a9 a principal residence.If this Security Iastmm�at is on a leasehold,Bom�wer ���;�
<br /> ; � ' shall compty with all the provislons of the lease.If Borrowea acquires fee titte w the Prape,rty+,the leaseho2d�d the fae dtle shall . ; • ° `��'�-
<br /> . . notm�sge anles4l.ender agre�s to the meager in writing. ; .;�'�,:
<br /> � �,�� � � 7.Pi+otec�o�o!Lender's Rig6ts in the Property. If Bormwea fa�s to pesfoim the covenant's and agreements contained in • •r��,
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<br /> � � this Sec�uity Instrum�t,or theae is a te8�P��S�way sigaifrcandy affect I.endea's rights in the Prapeaty(sucb as a •'�x'�-,:
<br /> � . p s o e e e d i n g i n b a n l�u p t c y,p mb a t e,for condeirmarion or forfeiduc or to enforce laws or reguiations),thea Leadea may do and pay . .. �'�-`:
<br /> for wAateve�is necessffiy w protect the va2ne of the Prope�ty and Lender's rights m the Property.Lemder's actions may iacluQe . �
<br /> � � .� DaYmB �Y sams seciued by a lien which has priority ovea th9s Secwity Instramen� appe�in8 in coiut,Pal►ing reasonable � • � _` '
<br /> � `• aiwmeys' fees and entering on the Fmperty w make repairs.Although I�ender may talce acaon nndea this paragraph 7.Lender :�:;�°
<br /> j daes not have to do so. � �
<br />_ . ._ My aruounts dis6�used by l.eader under this paragraph 7 shall become addidonal debt of Borrower seaued by this Security --.. __--:_
<br /> � ' _ lnswment Unless Borrowa and Lende�agree to other tams of payment,these amounts shall bear int�exest from We date of
<br /> . disbursemeat at the Note rana and shall be payable.with interesL upon not�ce from Lcnder m Borrower requesdng paymenL . � " '
<br /> ' � S.Mortgage Insarance. 1f Lender reqaired mortgage insurance as a condiflon of making the Ioan secured by this Security _ � �
<br /> '� , lnswment,Botrowea shall pay the premiwns required w maintain the mongage insurance 9n effect. If,for any reason,the : . .
<br /> ' mortgage insuranoe wverage required by Lender lapses or ceases tn be in effect,Borrower shall pay the premiums reqnired to'.' - . . . .
<br /> ' � � obtain covaage substantially equivalent to the mortgage insurance prtwiously in effeci,at a cost substantially equivalent tn the' � . -�
<br /> ' � • cost W Borrower of the mortgage insutance yreviously in effc,q,from an altemate mort�a�e ins�approved by I.endea. If . .
<br /> � substantia]Jy equiva2ent mortgage insurance wverage is noi available.Botrower shall pay tn l.ender each month a sum cqual to.� � . � �
<br /> � on�twetffrb of the yearly mortgage inss�ance�cemium being paid by Boaower when the insurance coverage Iapsed or ceased to �.
<br /> � be in ef£e�t.Lender will accepL use arsd retain these paymenis as a loss r�serve in lieu of mortgage insurance.Loss mserve •
<br /> � . Farm 3028 4f90 �' ' •
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