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<br /> S. H�rd or Propeity Iaw�aoce.Hortowor slull kaep the improvement�now eaicting or hercafter eracGed on th�e
<br /> - ---�--�------ - � ;.uj,�:�iy i�au�cS�ains�i �i�y m��iwzwrds irwiuded with(n tha tetiri �CAIC[MXI WYLfY�jC� �uni a�iy athar i�azards. inc{udin�
<br /> flood�or flaoding, for which L.ender roquites insuranrr.This insurance shall be maintalnal in the amounts a��d for the peciad�
<br /> dtat Ltnder requirec.The insurance carcier provlding the insurance shall be chosen by Borrower subject w l.ender's appravtil
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<br /> wMch thali not be um+easonably withheid.If Harrower fails to mainwin coverage described abave, L.ender may, rt l.ender's
<br /> - -- :�---------� qpNen,obtain cavea+ge ta protect I.ender's r�ghts ln the Praperty in accordance with paragruph 7.
<br /> -- AN insuranoe policies and renewols shall be acceptable to Lender wnd shall include a standard maAgage clause. Lcnder
<br /> thall have thc rlght to hold the po8oies and renewals.If l.ender requires,Borrower shall proropdy give to Lender all receipts of
<br /> �r,� p�id pr�emiums and�+enewal notias. In the event of loss,Borrower siwil give prompt notice to the inaurence cerrler and Lender.
<br /> _ Lcader may malcc proof of loss if not made pmmptly by Borrower.
<br /> - --. -�--�,�.=,���,� Unless l.endar ond Aorrower othetwlse agree in writing,insurance praceeds shall be applial to restoration or rcpair of the
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<br /> __- s,-__�'�=_'=��_� p�,op�nyr damaged,if the t�e.¢toration or nepeir is economical ly feavible and[.ender's security is not lessened. If the restoration or
<br /> -__------� rcpnir is not economleslly feasible or Lender's secudty would be Iescened.the insuronce proceeds shall be applied to the sums
<br /> -----°- - - -� si�:wexi i�r ihls Seeurity lustrorr�nt,whether or not thcri due. with any eF:,ess paid to 13orr�wc�. If Rarrowc: aba�dons thc
<br /> �"'°�� Prope�ty. or does not answer within 30 days a notice from Lender that the insurance carricr has offered to scitle a claim. then
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<br /> °'"'"�-"=`=�� I,tnder tnay collect the iesurance praceeds. I.ender may use the proceeds ta repair or restore the Property or to pay sums
<br /> �ecut�l by this&xurity Instrument. whethcr or not then due.The 30-day period will begin when thc notke is given.
<br /> -�=�-a.�— Unlcss Lendcr and Borrower aherwise ugrec in w�idng, uny appfication of procerds to prirtcipal shall nat extend ar
<br /> --- --��-4� postpoi�e d�e due date of the monthly paymentc referred to in paragraphs 1 and 2 or changE the amount af the payments. [f
<br /> ����Q`�� under h 21 the Pro rt is ired b l,endcr.Bonower's ri ht to an insurance licies end raccxds resultin from
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<br /> -�' ���°"�'�,,.-:�;:a� damage to the Property pr�ar to the acquisidon�Iwll pasa to Lender ro thc catent of thc sums secur+ed by this Security Instrument
<br /> `� Q � " inunaliately pr�or to the acquisition.
<br /> . . ,, 6.Oocup�ncy,Areservs►Uon,Maintenonce And Protection ot the PropeKy; Borrower's Loan Applicatbn;I.easeholds.
<br /> _' '� - - " Horrower sh�ll occupy,establish,ond use the Property as Borrower's principal residence wlthin sixty days after the exa:cutian of
<br /> p " �'�4:;'`�.r:�.�`�.�� this Saurity Inst�ument and shall cadinueto occupy the Pmperty as Barrower's principal residence for at Icast one year after
<br /> �' `� • ;� the date of aceupancy,unless l.ender otherwlse agrees in writing, which consent shdl not 6e unreasonably withheld. or unless
<br /> " �' wctenuating clrcumstances eais� which are beyond Borrower's control. Borrower shall not destroy, damage or irnpair the
<br /> l'� •�; • ����^ y Prope�ty, allaw the Prope�ty to deterbrate, or commit waste on the Property, Bomnwer shall be in default if eny forfeiture
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<br /> �"+'' ''��^`°�-�' ��� action or proceeding,whether civil or criminal,is 6egun that in Lender's good faith judgment could result in forfeiwre of the
<br /> -�s:• �.�li'v Progerty or othersvise materis!!y impair s!x liea created by s!►Is Secnrity Inssnsment or Les�der's:.e�erity interest. Sorrosser sney
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<br /> w ° ,`.;y } cure such a dcfault and reinst�te,as pmvided In parag�ph 18,by causing the aclion or procceding to be dismissed witb a ruling _
<br />�_�r' �=�'��'".`••'-�•" that, in Lender's good faith determination, precludes forfeiwre of the Borrower's interest in the Property or other material _
<br />` '� � ;��� impaimtient of the lien created by this Securiry Instrument or Lender's security interest. Borrower shall also be in default if
<br />� " �,.`�l y �, Borrower.during the loan application process,gave materially falsc or ineccurate infartmtion or statements to l.ender (or fruled
<br />� a '' " to provide l.ender with any matedal information)in connection with the loan evidenced by the Note, including,but not limited
<br />- � �;��.;� -�a, to,repmsentations concerning Borcower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br />- o ��''s'"�`�`+�. . leasehold, Borrower shall camply with all the provisions of the lease. If Borrowcr acquires fee title ro the Property, the
<br /> ' Iwsehold and the fee title shall not rncrge unless I,ender agrees to the mcrger in writing.
<br /> My�• .:`'"� • > ••r�- •� 7,Protectlon ot I.eader's Rights fn the Property.lf Borrower fails to pedorm U�e covenants and agre�:rn�nts mmained in
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<br /> - ��+„_ . this Sccurity Instrumcnt, or thcrc is a Icgal pracccding that map significantly affcct Lcndcr's rights in thc Prop►:�ty (auch a.,a -
<br /> � ' a � ,;;.;-,;`) • ,;a;."'� proceeding in bankruptcy,probate, for condemnution or forfeitune or to enforce luws or rcgulations),then L.ender may do and
<br /> '�"� -'�*;,�."'�"''�' - '�' pay for whatever is necessary to protect thc valuc of the Property and Lender's rights in the Property. Lender's actions may
<br /> �� �" . include paying any sums secured by a lien which has priority over this Security Instrument, appearing in caurt, paying
<br /> �' ' �xt1::�-''.� •• �a• reasonable attorneys'fees and entering on the Propeny to make repairs. Al�hough l.ender may take action under this paragraph
<br /> �`� ''�'"" � " ' ' 7.I.ender does not havc to�,�so.
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<br />�!.3. s�•'"�' �� Any amounts disbursed by L.ender under this parograph 7 shall become additional debt of Borrower secured by this
<br /> : ° �s .. Secudty Instrument. Unless Borrowcr and l.cnder agrcc to cuher tcrms of payment,thesc amouots shall bcar interest irom Ihe -
<br />��� �p�� ; � • date of disbursement at the Note rate and shall bc payable, with interest, upon notice from L.ender to Borrower requesting
<br /> . � payment.
<br />'�4�,,t S.MortgAge I�urt�nee.If Lender required mortgage insumnce�s 3 condilion of making the loan secured by this Security
<br /> , Instrument, Borrower shall pay the premiums requireci to maimain the mortgage insurnnce in cffcct. li, for any reason, the
<br /> �� � ' ��`^� { moRgage insurance coverage nequircd by I,cnder lapses ur ccascs to tx:in effect, Bonowcr shall pay Ihe prcmiums rc:quired to
<br />�• �� � •• obtain coveroge substnntially equivalent to the mortgage insurance prcviously in effect. •rt u cost substantially equivalent to the `
<br /> ; . �'� ��` cost to Borrower ok'the mortgage ins�rance previously in effect, from nn ultemate monguge insurer approved by L.ender. If __
<br /> . L � w,�, � - substantially equivalent mongage insumncc covcragc is not availuble,Borrower,hull p:�y to Lcndcr each month a sum equal to -
<br /> ; ; ° • one-twelfth of the yearly murtgage insurpnce prcmium being paid by&�rrower whcn ihe inwrancc cnverage lapsed or cea5od to
<br /> • s �� be in effect. L.ender will accept. use and retain these payments as u loss rc�erve in lieu of mortgage insurance. Loss rcxrve �,
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