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<br />� �,� � � � � 97���U��t �� � . ,. ` _�
<br /> �' S.Ha�ard or�pertq Iasupanoe. Borrower sha11 heep the improvements now existing or her��4'ter epecte�on tdie Prapeaty � "�
<br /> --� i�.,�e3�:s�2ass by ffre, ha�ards iacluded within the term "e�ctended cove�ge" and any oshea kamrds,inctudis+g fYoods or � � ' :'
<br />. ' � ftonding,for w6ich Leader cequires insurance.'lhis insuranc�shatt�c maintained in the amount�and for the periods ihat leader � ' � � � -
<br /> � rea��ises.Th�insusance cairier Providing the insvrance shall�chnsen by Burmw�r subject to L.endec's uppmval which shau not -_--_-�------__
<br /> �, �' be uarcasonabIy withheld. If Banower faiLs to aeaintasn covelage desrn'hed above,L.ender n►ay, at Leade�'s optian. obta.in • , . ' . -
<br /> � wvecage to protect I.eader's rights in the Ptvpesty in�cordance with paiagr2ph 7. ,� ,.'
<br /> - Atl iusnr�nce policies aad reQer�als shall be�sxeprabl�to IRnd�2nd sh311 include a sianda:d mcsngage clause.Lender shall - � - - - - -°
<br /> Lave the right to ho!d the p�liaes aa�reaewals.If I.ender requires.Bonowes shall�ttwnpUY 8ive tn Lender all receipts nf paid ` '. � _
<br /> pmmiums and mJCewal noti.oes.In the eve�t of toss.Bairower shall give pmmpt notice t�the innuance carrier and Leader.L,ender . ' _
<br /> may make pmo8 of loss if not mad,°,pt�ca�'�ly by Barrower. ` . .
<br /> � U�I.ender and Hairower o3��is,°a�zee in writing,msivance ptoceeds shall be apptied ta resoorstion or repair of the . . . .
<br /> Pmgerty dama$ed,if the restntarion or r�ga�is ecoaoa►ically fea�ble and F.�urlsr's security is net Iessened.If the restnration or , .. �,, r�
<br /> re�►a�is ant economically franble or lx.ud�a's sec�rily wovl�be I�ed,ds8 insursnce p:oceeds shall be applied to the sums . . r`�. ..z
<br /> �
<br /> � secared by this Seatrity Ins�mme,�t, whether or nat thea due,with any excess paid to Bom�wer. If Boisowea abandons the �` •�v=�. ;
<br /> � ',rlc.�n-.-
<br /> � Pto�ty,or dees not answer withm 30 cl3ys a not�ce fmm Leadea that the ins�uance carrica taaa offere� m settle a claim.Wen , _ °
<br /> ' Lender may collect the ins�rance pmceed.s.I.eud�may nse the proceeds w repair or restoze the Pcope:ty ar tn pay sums secured ;l .ti; -,�.;,:��;�,
<br /> ' by this Secmity I�wmeut,ahether or not th�dus.The 30-day peliod will begm when the notice is given. . . ,,,��
<br /> Untess I.eadra and Bomnwea otheia�ise agrea ur wriring,any agplic�ninn of pmceeds tn principal s!�not eatend or postpone `<'"��< �::�..
<br /> the due date of We monthly payaz��s refeaced to in paragrapbs 1 and 2 or cbange the amount of the paymea�ts.If andrr para�aph ' �:w�.�--
<br /> 21 tke Prnpeny is acquired by Ln.�Cer.Borrowei's right to aay ins�aaace policies and�aceeds rasulUmB ftam da�e to the . ,.
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<br /> Pmp�4y grFor m the acquisition�pas4 tn Lender w the extes�t of tlhe snms sec�red�g�this Secm'ity Insuameat i�ediaiely � ,.
<br /> ; . priar to the acqunsition. ;�—:.,.:-=y?''.z"�,�-.,'
<br /> 6.O�ccapas��tg,�aseivation,Mainten��ce and ProtectI�n o!the Pe�ay�g; Boamwer's Loan A��licadoa;LeaseBolds. .
<br /> ' BomoAEr shall ocav,�:t,establish,��d use the Prope:ty ag Botmwer's pra��'.�i�svi��ty days after the exeartion of : ;.,-�.`�°' � _-
<br /> ,F this�ott�ity Instmment and sdnsD r�tinae tn occupy the Au�erty ag Boirowea's prmcipal m,sidence for at teast one ye�after t�he � " '•�.�y -
<br /> dafe�r accup�aY.anless Y.eu�s otherwise agrees in wrd�, widch conse�t shall noE be unteasonably withheld,aT ualess .-.E
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<br />, , etctenuat�ttg e�rcumsiances e��ist which are heyond Barrowex's eannvL Bo�a+ea shall not de.4Uroy,dama8e ar�pau the Property, ,:
<br /> . allow the Propaay w d�erimacs. ar cammit wasve on the FlopeJty. Ha�svca shall be in d�Santt if any forfeiwre adion or � 'j�= . '.-
<br /> pro�iag,whether civ�or�31,is 6egan ti�at in I.endea's�ood faith judgmeut coutd resuh m forfeat�ue of the Praperty or �;-. �`
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<br /> .. �mare�;atiy impair t6e��reated by tivs Secura��Sdiunau ar I.enaer's s�r'cty u►t�esr.Bamower may are�sacb a ,�+•f,„,;.� � ,�
<br /> def�a�d reinsi,�te. as p� 'vr:;3dl am p2rag�aph 1�,by��e Ecdon nr pmceed'mg c�o 1�dismissed with a rrnT�Wat,m ����;��7:�;..•L ' #;.
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<br /> ' Leu�s gaad faitL demrmisnanion.piecludes farfeiUae af the Bormwea's intere�in the Pt+apetty or otLu matesial ia��'mteat of ���:��:..
<br /> ;'�t the GCn Cie3ICd�gJ IlffiS SCatQity Iastrlt�e�t Ot L�!$Ci'8 St�ity inieaest.$fR�viEST 8t18U 8150 hE m de�9uli if Haimwe7,dwing the .;
<br /> � '� loan spplirattoa .� gave materiaIly fa]se c�inaccnsate infomraao�ar sutteme,nts w Le�nd�(or fa�d au gmvide Leader with ' �;�f;'.:.
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<br /> . . :� aay ¢saierial infom�a9ion) in c4�cdon witb the laan ev"ssT�ced by �.`,� Y+tote.iacluding.but not limit� w. repmseatations ", � y;;;;�` ;:;_.:
<br /> . , cancemu�g Baauw�'s accapaucy of the Anpesty as a piincipal reside�.�this Secauity►Instrument is on a leasehakl.Bamwea
<br /> k shall comply wisb all the provisions of the lease.If Barmwea acquu+�s fce�sn the Ropeaty,the ieasehoId and tlte fee tiile shaU -
<br /> :�,; not meige�l�ss I.eader agcee�tn the mcagea in waiting. '���
<br /> �r':' S�•:`=
<br /> , 7.Protectioo ot l.�d�'s R�6t9 in the Pa�p�rty. If Borrowec faiLs to perform the coveaants aicd s�cemeats cantainerl in -.-'r.�t��;,.
<br />, ,i this Secarity Iasprameat,ar thene is a Iepl Fsoceedin8 tt►aq sn3y si�ifccandy affe�t I.�er's rights ln the Pcopeaty(s�cb as a .' ...��
<br /> � . p��ID�P�Y•P�+fc�r coaderacarion or For6s�or w enforce laws or�r�'atians).then LeaBear may da and pay ..,;�Y, � ` ����'` _
<br /> d acad
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<br /> for whatever is necessary tn yra�cs:Bie value of the Property and landcr's rights in the L°�.,gaty.Irendc,s's acdnns r�y mclude �':`xt����` y - -
<br /> paying auy s�uns s e c u r e d by a� w h i c b tr:s p r i o r i t y ovei this Sec�ir.y Insaumen�. a p p e a r m g m vaart,D a Y I n B reasanabk �� --4 ----�::�::,:,
<br /> � ; attaraeys' fees and eatering on the Prop�y rrs,:�,:c r�a�s.Att�an�i:.�.�:LLiy ta�aciion amaer�iris patag�aph 7.I�ender �.��_ .i� ,.
<br /> .;, does not bave co do so. i,°'.��',►�..
<br /> ,• •�5 Any ama�ts disb�used by Lem�ei under this paiagaph 7 shall be�ome sddirional dQbs of Harrower ser�ed by ti�s Socarity �' • '+�'•t��� _
<br /> . Instrumeni. Uniess Bancower and Leadel a�ree w other tr�aas of payment,these amo�ts shall bear mteaest 5rara.�ice date of ,�, ,:.�.=�;:�y;-�:�,,:. •���.
<br /> r.,.,.
<br /> dis�u�semeat at tbe Note iate and shall be payabte,with mta+est,up�n notice from Lender w Baixower m�sGng pay�eai� :, .,.�. �:�,i��:�F,��LL'.
<br /> � °��, 8.Mo�age InSU�no� If Lender requined maitg�ge inswance as a condidon oi maicing the loaa��c�ued by thls Saxuiry �!'�{;a�;¢:}° :
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<br /> .. f Ins�uumea� Botmwer shall pay the premiutas reqaired w msantain the mongage iasurance m e�ccs. 6f,f�s�� r,,,ason. the ;�•: .,.
<br /> mor.�ge insuraace oovuage�quir�d by Lender lapses or�cose�w be m effect,��ra�r shall pay d�e�nia�s�qufired to .,.,.: . �
<br /> �,,� obtain oovc�aga snbs7an6aliy eq�vatent to the mcntgage iasurance previously in effect,at a cast sabstantlally eq�:::teat tn the �� ,.�':�.',. ;.:.,,
<br /> '� ;,�1,. cost ta B�ow�of the martgage�ce previousSy in effoct.fracn sn aluinare mostgage ias�uex appmvcd by Lc�dea.If �. . _:.,._,, ^": � �,
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<br /> _ •'`�' su6s�raliy equivalcdtt mnrtgage insurance ooveiage is not available,Hzarower shall pay�o L.e�dyr e�ch month a sam equal oo .; • 'i„: ��r.�:.�:•..
<br /> :.��.��` a ag L. y - ,,
<br /> ane-tweW�of the yearly ma�tge instu�ee preinium beiiag pais!by Barnswer when the 9nsttranoe coverage la�sed or ceased to +'���`�"
<br /> be in elYect Leader will��use aad cstain thesa pa��s �s a Ios4 reserve in li�n of mortgage insiaance.I.�z cese,�ve �!r`a� ;
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<br /> ,:�'�t Fori�30Zii fll90 . , ' -
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