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<br /> 1 5, ��o= �ppr�y insnrasce. Borrower shall keep the improvements now existing o her eeer on the �`�O'��;:��;
<br /> � Progerty inswed again.st loss by 5re. bazards iucladed w€thin the term'extended coverage'and any oiher ha7ard�..incduding , _. ;�::u-- ,-"
<br />. floads or flooding, for wliirh Lenderrequiresinsurance.This iasuranceshall tie mFiiniained'm the amountsand for the�eriads -�:�;�f:_._-�.
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<br /> ti�at Y.ender requires.1i'he insurance carrier providing the insurance sha11 be chosea ioy Borrower subject to Lender's approval , ,:e�;,:,:=�n__
<br /> w?�ich shall not be wueasouably withhzW. if Bonower fails to maiatain coverage descdbed abave, Lender may, at Lender's `'.LL`{: j,'.�_.
<br /> optio4 obtain coverage w proteix l.ender's ts in the Pro erty in accordance with paragraP��•
<br /> pI1 ina�ran�policies and reaewals shaU be acaeptablp to Lender and shall inctude a standard mor4gage danse.ixnder '�-�`°`°�°`,,�,�.--
<br /> ! sha11 have the rig6t to hold ttie poliaes and renewaLs.If Lender reguires,Bonower shall Promptiy give ta Lenderall receipu of �=' , , '��� ��'
<br /> paid premiumsand renewal notices.In the event of loss, �orrower shall give prompt notice to the insurance carrierand Lender. ' ; �,�......,-..,._-�-=--; .� '�
<br /> ; l.ender may malce proof of loss if not made promptlYbY Bonower. ,_:.;•;;.._
<br /> LJnte;s Lender and Borrower othenvise agree in writing, iasurance Piaceedsshall be applied to restorationor repair of the �j;;,:
<br /> �� Propertydama8ed,if ibe restor�.tianoz regair is r,mnomically feasible aud Leader's security is not lessened.If the restorationor - ���r��°_
<br /> :� repair is uot economicaliy feas►ble or Lende�s security would he lrssened,the insurance pzoceeds s5a11 bz applied to the sums �,. � �`��
<br /> 3 ._
<br /> secured iby 2�s Security Inssnuaeat,whether or not thea due,wieCa any exs�s paid to�orr�wer.If�anower abandons the .'-,r , _. ¢o�;.,�;��
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<br /> �I�n'eY:��aes nai a�swer w�un 341�ays a noteee fr�m i.e�d�a 43�at the++m��r.e ca�tier has offered to settle a r1� the�t , ,. ....._s ,.
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<br /> Leader�ay cAIlect t�e ias-urance praceeds.lza�may nse tfie�aceecls to cq-�r or restoYe the Prope�ty or to pay sums ��f)�}; '„ f��I�;�f'>� ; �;�,
<br /> s�re3�r^dus Seti-�uity InstrumeEae,vu�s�er�aat¢[�em due.'H'F�$34�ay�e�di a�.T L•E reg'+a w h e n t h e n o t's a x i s g i ven. ��� �f�,` ,$��,��,1. _f_u
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<br /> � YJntt�ss u.euder and Bormwar�t'Jm.�:se agr�e az asrit�, ��xz�5r,at�ir•,���r,�.���s o��rinapal shail noi eadem��r °f�� �� .�ti�r �;
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<br /> �� fi ;,.s:4�Z�:.�e�t�z amou�tt o�the pay**,,.r�sts.�' �' ���,�s,��'f t� �'' ,, -
<br /> ,,. os�.�!u��mr d:�date of the monBLIj���r�a-��to i���� u r, `;r_�} ,, ��ir
<br /> ' � xa r ' „ $L•t� SOCECtlST8537.'t�' r.'�fOIYI '�f�i'�i�' . � ;'
<br /> -' !ID�'�' �'"cG'.��Db21 Y*�.LL`�'Q—rt.'tCyLS2'r�fit:=�u:c�ji _s -.r-�"'y'�...°'�4$i2{d4'`��'�IS2�°'�� � ��'-�� °. :�F}
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<br /> ...,i�. ��s��;i,�1'�:r�.�;�r;ma-���e x^.��o��..I7adl:t�s�::�➢.e¢�.c-,�ao z�°�u�s�:suz�sec�uedbq tTe��ty In�rument •f . - rn--
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<br />°°.; 6. Q�ceu�s�, �amR�u�t,Muiatenancx and Foroiection of ti�Properiy; Borrowei's Loan Applicatlon; I.eageholds. ��
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<br /> Y� BorrowarsTM.z����sta��sb,and use the Pcoperty as Barrower's priaapal resideucewithin siaty days after the execution of � T.;1�:.
<br /> r t6is Security LuWmen2a�d sdali continue to occupy the Property as Bonower's piiacipal cesidence for at least oae year afteY .�;,�_.�`_::. . ,
<br /> � � the date of ocaipancy,unless Lender otherarise agrees ia writiag, which wnsent shall nat be unreasonablywithheld.or unless �:>.;j�
<br /> � ����g parp�mstances exist which are beyond Bonower's controf. Borrower sball not destroy, damage or impair tlne - - , -
<br /> ' � property,altow the Yrogerty to deteriorate,or wmmit waste on the Property.Bonower shall be in default if any forfeiture �� <
<br /> � adioa or proceeding,whether civil or cri�inal,is begun tl�aat u►Lende�s good faiW judgnient could result in forfeittue of the _ ..
<br /> °� Pcoperty or oiLerwjse materiaUy imQair sfle liea createdby tLis Seeurity Instrumentor Lender's security intesest.Basrowermay "" �W
<br /> ..�, cure sucL a defauit and reinstate,as provi�ed in parag�aphl8, by ca"�+�,the actioa or proceedinBto be di�smissedwith a ruling �':-•-�:'�
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<br /> that,in Leader's pood faitb determiaadon,precdudes forfeiture of the Bocrowe�s interest in the Property or other material ,� ;. �,_
<br /> impairmEntof the liea cxeatedby this Sectuity Instrumentor l.ender's seciuity interest.Bonower shall atso be in defaalt if
<br /> � Horrower.during We loaa application pracess�gave materiaIIy false or inacrurateinformationor statementsto Lender(or fa�ed _ _
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<br /> ��� to provide�nderwith any materialinformation)ia connearoawith the toan evidenced by the Note,includiag,but aot limited
<br /> � to,representadonsconcemingBorrower's occupaacy of the Propertyas a prinapal rc�ideuce.If this Settuity Iastrumeatis oa a ~
<br /> � leasehald,Bonower s6all comply widh all the provisions of the lease. 1f Bonower acquires fee tifle to the Property,the - �--.�_
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<br /> ::t leasehold aad tl�e fee title shall not mcrge u»less I.ender agrees to the merger ia arriting. ''.- -`°��: -_.�
<br /> .� 7.�rat�cttoz�of Le�dPS's�6n the prope�q. If Borrowerfails to perfosmthe c�ues�ants and ageementss�onta'smedea --- • -
<br /> ct i n t h e Pro p e r ty(susb as a "
<br /> L'+s Secr^.rity Insbr�n��.or there is a Isgal procee d i n�t h a t maY s�g�e+fi c a a d p a S e c Y L e�s��t s .'.�"�'`;��`�-��--,-�-A
<br /> procee�gm ban3m.'I�zY�P � tbuea Lender ma do�3 e°':'�"�"'"'•"'.`, _
<br />: '��. ro for coademna�s�oESOr forfeitQS$or to eafarrela�s mr re�-�'a�oIDS). Y �'�' .��.°�'u_;-:�•.:
<br /> PaY for�t�ver is necessary to proted the value of the Yroperty aad I.ea���s rigbts in the Prope�ty.Il�Ye�s a�ic�-.s raay ���a„�...
<br /> I m s t n�ent,a in c o u r�, �3 Y�8 """ T �
<br /> ;;� iactade payarg any sams secured hy a lien wfiich has priority oser tl�is �.sity PP�S �"�,?_;°�
<br /> reasansible�omeys'fees and ense�n�sgoa the Properiy W malte ce,pairs.Althoug3l�ea�"er�sf talce adion under this w�u'.t�aph :;. ..�;�=-- --
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<br /> 7 L endes dnes not 1�av�to do ao. '� '�����
<br /> � Any amouuis ct�'�arased by Lender uader this ParagraPh 7 sh a ll b e c c�ma a d d i ti o n a l d e b i o f Borro w e r s e c u r e d�t h i s � -'•�;:��.��--�
<br /> gecucity Iastrument.iTcS�ss Boaower and Lender agrez w oiber terms of Pa��t,these amonnta st�aU bear interest from the ���:;;� _
<br /> date of disbursem�nt at the Noie rate and shall be payable,with interest,upon notice from Lender to Boaower re�yuestinB .____..._____�_
<br /> PaYmen� -'',��-'-"°�'_-
<br /> 8.Morty�Insarance.If l.eaderrequiredmortgageinsuranceas a wnditinnof mak4ngtheloan seauedby tbis SeWra3y __ '°';"''�4 s�:i
<br /> dnsoniment,Bonower shall pay the premiuma cequited to maintain the mortg,age insurance in effed. Lff, E�r aay reason,the ~� `�� '--
<br /> mort�ge insuraace coverage requiredhy I.cnder lapses or ceases to be in effect,Borrower shall pay the premiums reyuired to ��=��,
<br /> obtain oover�ge aubstantisUy eqnivalent to the mortgage insuranoe previously in egect,at a cost substanti�lIy equivalent to t�e , - _�_.:;.��. .
<br /> cost to Borrawer of the mortgage insurance previousSy tn effed, frQm aa attematemortgage insurer approved by Lead�er.7f �.�,..:• �.�� y
<br /> substaatitilly equiwateat mortga8e insurance�°verage�s n°t available,Bonower shall pay to I cader each month a sum equal to � _�_ �
<br /> aid b Bonowerwhen the insurance coverage}apsed or ceased to '�'`�'°�i,-T�'.'"
<br /> on�twelfthoftheyearly mortgageinsuransepremiumbeingp Y , =.,`�,«*..*- �
<br /> � be in effect.l.eaderwill accept,use and retaia these payments as a lo:s reserve ia lieu of martgage insurance. 1-ass rese�rve • ��,,;�,.,y` :
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