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<br /> . ` '� ` pII t$C • ,.� r�.�'..:�:
<br /> �, , mvements now eaascinS or hereafter e�ected . ,
<br /> �;� • . .. <.
<br /> 5. Hsmrd ar FcopertY lnsaranc�. Boirowec sball keeP � ��ed coverage' and anY other ha�s.�� .
<br /> -- - -._.:i insured aga+ns�toss by Sre.�induded within the term' m the amounts and for the periods � -_ -.------ - -
<br /> PrapertY �.'14us insuransx sha11 be�� }�to I.e�nder's ePPrO°� ..`�
<br /> . floods or flooding,for which Lender�9� the insuranae shall be ct�osen t►Y Bonower sub � Leader's � < . .
<br /> � `' that Leatler req��.The insuiauct ca��Pmviding coverage dessn'bed above,Lender maY• � , .. ; .
<br /> �� nabl witbheld. If Borrawer faijs to maintaia h 7. � .;.
<br /> ' < sball not be unreaso Y r's ri ts in the PcoPe�'�►acooidance with Parag�ap . �
<br /> . ` tton,obtaia coverage w Pmtect Lende gt► a standard mort�8e�e' L�n�� �; ,
<br /> mo
<br /> . .t� � All insu:ance Polides and �tenew���P�le w Lender�� shall pmm�Y 8�ve to Lender a11 r�P�of � � . ; : ` } ;'
<br /> t to hold th�po If I.ender r�ni�• Ve t notice to the�nsuraace c��aad Irend�r• � . <_�
<br /> I.en
<br /> � sbaU have the rig� ` - ,
<br /> '� . , �d p�ums and renewal nodces.In ths event of loss,Borrower sha118i P�mP �of the� '•.`.� .. , . .
<br /> � - I.e n d e r m a Y m�e p10of of loss if not made PramPdY bY Borrower�prooeeds sha11 be applied w ieswration or rep � - - --
<br /> � -� Untess Lender and Borrower othecwise agne��g���e aad Leader's secutity is not l e s s e n e d.I f t h e r e s w r a t ton or -- -
<br /> -- � �=� rnceeds shaii be apPlied to the sums - -_ - -,.,
<br /> ...;��:.V p�eriy�ed,if the�ratioa or repanr is economicall�d be lesseaed.the insuiance P � �y,� :�
<br /> r e p a i r i s n ot ecanomicdllY fean'ble or Ixnde�s secu:irtp ��paid to B�rrawer. ff Borcower abandnns t�e
<br /> ecu ,
<br /> '��� secused bY this Seauity Insaum�•w h e t h e r o r n o t t h�d u e, �t�t the iasuraace c�ier h a s o f f e r e d t o s e tt l e a c l a i m.t�n ...,.
<br /> � � • _ property,or does not answer witHin 3U days a nonce gro��r mce�ds iePau or restoie the PmPertS►or to pay� . , .
<br /> � '
<br /> ' . L�nder maY collect the insuranoe Pm�- I�ender maY p eriod wiU begin whea the not�ce is g��� _.
<br /> • secaaed bY this SecuritY Tnsau�a�'whether or not then due.The 30-daY P �� p�� � npt extend or
<br /> e .:. `�
<br /> in writing, anY aPPlication of pro of the�� ` � � .
<br /> t - Unless Lender an� Bmrmwer otheraise ag� � 1 and 2 or chanSe the amonnt ;, �_ ,-';:_
<br /> � ' postpoae the due daze of the monthlY PaYmenss referred to ia paragraPt� �ce policies and ps'oce�s • ��..;.- "�f.:
<br /> b Lender,Bonower's righ �3+ �nt , �,,, . < , `'...t
<br /> under pa�ag�P b 2 1 t h e P r o P e rt Y i s�1� y w Lender to the exten t o f t h e s n m s s e c u s e d b Y t h i s Seaui t Y . ,.°<_,
<br /> � damage w the PrePertY Pnor to the acquisition sha11 pass ?�' _"y-
<br /> " �" immediate1Y Prior to the acqoisition. ce an�Protet�ton oY t6e Prop�t7►+Bor�owet's I.oan APFiicatton'I.nseho2ds. , ,.';-�_'
<br /> a Mel�en� �r�{�se wi[hin sixtY daYs�the execudoa of :��:r:
<br /> . ';, , � . 6.OecnPat�9+ �tablish,�and use the PmPertY�Bormwer's priaciP ''"_'
<br /> Borrower shall occugy, the PmpertY as Borcower's princlPal residence for at least one Year aRer , .:.:::if��:�-
<br /> this SecauitY Ins�aad shaU co�inue to occaPY ia writinS,wIrich consent sball not be unreasanablY withhetd.or unless � ,.;,;:•s_.�.:.-
<br /> �- untess L.ender othecwise aSre� damage or impair the �,�., ,>�;.�.�
<br /> � tb.e date of oceuPan+�Y• Barrower's conuol. Boaower sHall nat @estmY, _ :'i:=,'�:,�;:.:
<br /> exist wluch are beY� be in defauIt if aay forfeiaue �•.��-
<br /> _ti.:` e�g � to detertorate, or commft waRte oa the PropertY• Bornnwer stiall �t in forfeiaue of the .�. �`��-_
<br /> properry, allow the Propem+ that in L$nder's good faith jndgme.nt c�u1d :'.�=•��°
<br /> � . . � acdon or pmceedmS•whetheir civil or criminal.is begun �S�uritp Insun��or I.ender's seaui3y�tetest.Bortower may ��•,; ;`R;;=
<br /> . ,` , pcoperty or othetwise masenallY�1'�the hen created M+ the action or pmcx�ding w be dismissed with a rulin8 i:;,„�;;��.
<br /> rovided ia paragraph 18,bY caus'snS in the ProPertY or ather materlal :�''�-�'`'
<br /> � • ctue such a default and reinstate:as P �ludes fotfeiture of the Borrower's int�
<br /> • . that, in Lender's gaod faith deterwination, P ty��st. Bomuwer shall also be in default if ���r•';.��,,�,:
<br /> b this Sec�uitY Ins�°r Lender's se�i �to Ixnder(or fa�e� �- . . .
<br /> . • , im�siiment of the lien crcated y • informatioa or statesnen .,.�; ;.�,.
<br /> the loan applicarion pmcess.P,ave materiallY false or maccurate the Note.inclnding.but aot linaited ,��.:�;,,,�' :,.
<br /> . . , B o r r o wer.dnriu& ��informatiun)in c o n m e c t i o n w ith�eso���.If tLis Se�urity I n s��i s o a a : -
<br /> vide I.ender wlth any :.`;�:
<br /> to Pm of the PropertY p fee tide to the PmpenY, d� , :,"�,'�9�,:�
<br /> . . to.rePrese��ons conee m i n g B orcower's accupa�Y �:. �-.;r
<br /> � ,,< leasehold, Borrower shall comPlY with� t�e pt°visions oft �e�rges inwriting•�� ' ' '
<br /> � .. :�:��.:y.,:
<br /> leasehold and the fee dtle ahall not merge unless Ixnder� wer fails to perform the covenants and�CO� :`�, ,
<br /> . ' 7.Prntection of Leader's Rights in 4he�cuPert9•t h u ma y si g n i ficandY affect Lender's rights ia the PropercY(such as a ,, ` '"._
<br /> . < � - this Securtty Ins�ne°t•or thera�s a legal pro c e e d i ng ons thea l.ender maS►a°and .. : .;�;`-:
<br /> ... proceeding in banluuPkY•Probate,for condemnation or forfeiture o�l.ender lrl�hts ia �P�Y• Lender's acdons may :;�?t;.:�:
<br /> to mtecc the value of the Property ia oouit, PaYinS .�`F���
<br /> � '•. ; pay for whatever is necessarY p a lien wluch has prioriry over this SecauitS+ Insuument, aPP�$ _ .•. {'
<br /> i nc l u de p a y i n 8 a n Y � secured by to m a k e reP a i�s.N t h o u g h L e n der ma y take action under this p�Pb ;,_. �;'•!F'�.�!:
<br /> �, reasonable attomey+s'fees ana entering an the Prapert3► :'< ��,�:
<br /> 'r �•�s;a:_
<br /> ,. 7,l.ender does not have to do so. 7 shall become add�donal debt of Bormwer secured�� , , �l.
<br /> . ' � pny amounts disb�used by l.ender uader this ParagraPh :..;�•: _
<br /> to other terms of payment.these amounts shall bear iaterest .,,��,=;;:
<br /> � Secority I�suame°t. Unless Borrower and Lender a�ree on nodce from Lender w Borrowes req�s�8 . �:,__
<br /> . . ��� 1 date of disbursement at the Note rate and shall be payable, with interest, uP �e to�secured bY t�i�Sea�rlty � � -
<br /> .. . ��. ! P�t• reason, the .. .. .
<br /> ' . �� ' 8.Mortga�e Insmance•If Lender required mortgage insvrance a�a�itioa of �e��. If, for airy ;
<br /> . �nstrument,Borrower shall FaY the Premiums requlred to maintain the mortgage iasurance �e reminms Iecluire�t°
<br /> ,; ` mortgage insurance coverage required by Lender lapses or ceases to be in effect.Borrower shall PaY F ����e . ..
<br /> lvaleat to�he mortgage insurance Pr���°��y�e��� �a COSt snbstanttally e9ui �, If
<br /> oblain coverage substantially eqa reviously in effect.from an altemate mortgage insurer aPproved by lrend .
<br /> � ' � ' � cost to Borrower of the mortgage insurance p to Lender each month a awn equal tv .. .
<br /> substantially equivalent mortgage insurance coverage is not av��y Borrowerrwhe�n the ins��COV�ge lapsed ot ceased to .
<br /> � � one-twelfth of tiae yearly mortgage insurance premium be.n&4 e �urance. 3.oss reserve .
<br /> . . be in effect.Lender will accept.use and retain these PaY�-��� a loss reserve in tieu of mortgag . �
<br /> 6orm g028 91fl0 `
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