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<br /> 5.H�rd or Progerty Yt�surante. Barcovrer sh�ll keep tde unprovesnent�now eaisting or hereaftar ere�t�d on t�e Property i ' ._ . __ y _
<br /> insur�d agains�loss by frre,hazards included within the t�m "e�ctended cover�ge" and any oi'her harards.including tTaads ot I _ .
<br /> tlooding.for which Lznd�r reguires insviance.This insivance shall be maintaiaed in the amounts and for the periads that Lender � •
<br /> � tequires.'I9ts insuraace c�trier providing the insu�rance shall be choseA by Botrower subject to Leader's approval wtuc6 shall aot � . ,'�,'�;,`:
<br /> be unmasonably aithhetd. If Bonower fails to maAntain ooverage descn'bed above, Lender may. at Lender's option, obtain � • . • ._
<br /> - coveaaga eo protect I.ender's rigt�ts in the Pro�esty in a9cordsnce with paragraph 7. - - --- -` --_- -
<br /> . All iasurance poliaes and reuewals shall be acceptabte tn I.esder and shall inctude a standard mortgage c4ause. Lender shall -..
<br /> have the rigi►t to hold the polis.zes and renewals.If Lendu req�ires,Bmsowee shail pmmptly gn+e m Lendea all reoeipts of paid , .�
<br /> pieminms and renewal notices.In the eveat of lass,Bormwer shall give piompt natice w the insu:aacc�cames amd I.eudea.l.ender i �
<br /> may make groof of Ioss if uot made PmmPdY bY Boaower. ���plied w re,stniation or repair of ihe l . � ' .. -
<br /> Ualess I.ender and Boirower otherwi.5e agne m writing,insivance pmceeds , . � � . . '. ��,i
<br /> �P�Y��ed,if the reswlarion or repair is emnomically feas�le and i.ender's seauity is noi les.se�i.If the�eswration or i . . .
<br /> ario
<br /> repa'v is not eooao�i�a11Y f�bP�or Leader's secm�ity would be lesseaed,the insurance pmceeds shatl be applied w the sums _ ; _
<br /> � ' ,`. : ;�� .�
<br /> s�by tl�is Sec�mty Insla��na, whetha or noi then due. with any excess paid tn Bo�ov�er. If Bomuwcr a6andons the . . �. . ,;, .. �._
<br /> Fiv�eacy,o�r daes not cuiswer 'wr,�i�s 30 days a nodce from I.ender that the insurance cmcrier tias offered w seule a claim,then k• : : . . �'---��`
<br /> - Lea�►ffi�aY wF�+t ahe inssuanoe prooaeds.Lender may ose the ptooee,ds w repair or restore die Prnperty or oo pay sums secured °-, _: _
<br /> by�s�ity L�r�ent,whe�or not then du.:.'Ihe 3� day pen d��1 begi. when the notice is giveai. . `~ � a
<br /> Uui�Lend.,�t s�d Bomorc�Q�etwise agtee in writing,any applic�tion of proceeds to pru�crpal shall not extcaid or postpone . �.•'•.. ��,�,-=
<br /> cc���te of the monthlY F�:�.�refeared to in paragra�hs 1 and 2 or ct�ange the amount of the payments.If uttder p�agraph ' � .,.� �: _�
<br /> 21 �1�:opeaRy is�t��ea,Boaower's right to any insu�ance poHcies and pmceeds r�n8 fiom dame8e to t�e , , ,, ' -- _
<br /> :��,:..' :�
<br />-?';:' ��Y Priar t�tl�2r�qui�.on s'aall pass tn�r,xnder to the extent of the s+�s secured by this Security Insbramart i�nmediatety � _,_���__:
<br /> x ��._—
<br /> `:s:. preIIr�the zct�.�s�tJt�= •
<br /> , „ Borrower's Loan App�i�tio�;1.e�2hol�s. • - .� '.��.�:�`::°'=_
<br /> � ' �.�i�ocapautqq tf�.serv��Mainteaan�2 and Protecttan of We Praperty► ;
<br /> 't.`� fi L���shall occupy,esta��,�d use the Pmpeatp as Borrower's prinapal residence withm si�r days after the enecution of �.;,,,,.� T_
<br /> � as Bormwei's residcnce for ai least one year aftea the ':,=�:;. � '`�. �
<br /> ::. this SSeccarity Insbnunent and s�Til�ntiaue to a�oc�py the P�erq► P�� ,'. �,.�� �,.
<br /> ° witLfneId. or uutess �•-�:'' . ��,;.
<br /> •"��'�,� d2te of occupancp, tmlesg L.ea��ier offi�wise� in wiiring. which consent shall not be wnreastst�bip . �; ;�4'�'',� -
<br /> i , �f;.
<br /> :';� e�ctennating cic��ces e�tist which ara beyan3 Batmwer's control.Borrower shall not destroy,damaSe or impair the Pro�erty. .. ;. , �: :.;;��_•.:
<br /> . �� ,ti
<br /> alIow dce Pmper�R� �deteriorate,or commit waste on the Propeaty. B�owe,r shall be in defe�ilt if any fo�eit�u�e action or :_ _,..:.-, . ;y� . . ,�.'
<br />• `''� pmceeda►g,wheth�r c9vi1 or�a1,is begun thaz in Laader's gaod fsith jadgmeat could result m forFeitare of the Peageny or : �� . .q;,,��:� :�-
<br /> `ti:j� otheiwise m2triia�y i¢�pair th�i�awted by this Security InsuameaY or Lender's sec�ty interest$omutves may pme suctt S :- . �' ' `,i�L�':'
<br /> ��`�., default and�•�^=*��m::��rav�i�paragrdgh 18, bY causing We ac,ti.on�r�pioce��t�be dLsmissad w�th a ru8ng ttmi,m �� ..., .
<br /> '�: im entof ;�.�'Ryp� . _:.,
<br /> � I.�ada's gaad f�i3i��t�^���':°,•T�cLides�rfeiwse of the Borrowca's�t in the Ropeaty or ather maYerial Patrm •� 1 •��+ � .
<br /> • the lien caeatod by ti���+�,,+ 5ac�ument or I.eudea's security interest.B�wer shfill also be in�efan�t if Hottower,durMg the °•�:, �.�t - -
<br /> information or stateme�ts w Lea�dea(or failed w provide Lendxr with sg;4 '
<br /> . toen aPP��PT��v�nnu�liy false oi inacauaae „�,.r'
<br /> any material inf�ma�on) ����tion with tha loaa evideaced by We Note, including, but aot litnited w.��� ;x.;f ��., .
<br /> tf r �: -
<br /> � cQnc�a�ng Darr�RYe�'$oc�up�.'.ry of thei Property as a p�mccpal re�dence.If th�s Secunry Y4'�u Wuen�is oA a�ho1d.Da�roafea ��; ,r.:t �
<br /> � sball compty wi�.�tlt iise provisinns of the lease.If Honower acquues fee dtle ro the Property,the teacehotd and the foe ttila shell , ;"�'� �.::
<br /> not me�ge unkss�3es a�ees tn the merger in writing. � `f�;�'-"�
<br /> �n � 1.>e.:;;�:
<br /> 7.Pro�ction oi i,eni�w a�e 3�s:C2 d�ro�rty. If Borrowea fails w peafotm the coveaants and a�reements aontaiued ;..- ,-��u�;s,, -- -
<br /> �P�Y(� �., ,
<br /> � this Sec�uity Iasuum�L¢r�l�i�is a Ie8a1 Prucee�in8 thai maY si�i�'�Y�ect Leader's rights u�the as a •,i;�r<�ti.,• r,. �---
<br /> then Leades mu do end `'tj`����
<br /> pmceetlin8 m ban�uPtcY,D��for condemnation or farfeidue or tn enforce laws or regulations), 9 FaY ;;��;t;:°�.� '. , ° . ,:
<br />� �� far ahatever is nocessary tn protect the vatne of the Propc�ey aa�Lender's rights m die Property.Lendet's acdons may �'f}��' �,�,.k` . , -_
<br /> 1AC�i3l�C ?Li },. r , ' ts�.
<br /> which hag siori over this Security Insm�►en�aPPea*jII8 �n co�n't.PaYinB s r�n a b k+ '�"�''_�`;�4��,
<br /> PaY�B �Y � secured by a liee P � .:. , ,��;%,. � .—
<br /> an the w make repairs.Although Lender may talce action undet this pa�agaph?.Lend� :#;,.. �.; '�•'����'`-
<br /> at0�meys'fces and eni�tg �P�Y },;i�`�'x� �-_;' . -
<br /> does noi have w do sa ��'��'���_._�...�..,�' .
<br />- � Any amoimts disbuYSed by Ireud�under this paregraph 7 shall become addidonal debt of Borrowra sec�ued by this Sacurity '�r t�.�T.�.,f
<br /> � Tnsuume�t Unless Borrower and Lender agree to othea tesms of paymen�these amo�ts shall bear interest from the data of :.��� .
<br /> ,���Y ;�;;c,-.i"°`-i; :
<br /> dis��usemeat az the Note iate and shall be payable,with intemst.upon nodce from I.ender w Borrow�r�aquesting Dayment ,,�„7;�::.
<br /> .. 8.Mortgage Ins�ence. LE Lender required mongage ins�uance as a condition of maldng the Poan secured by t6is Secutity , .`�,;..- _
<br /> rt
<br /> Insuomen� Brnmwer shall � the premiums requIIed tu maintait► the maitgage a�uance in e�e�t ff. for any reasnn,ths . --.:-�r=-=��
<br /> mortgage inswance coveaage r�qused by Lend�lapses ar ceases w be in effect,Borrower shaU pay the p�mmtinms required W • `.
<br /> obtain cove:age sabstanaally equivatent w the mo�tgage insurance previously in eifed,at a oost subsmntiaally equival$nt co thc ,. .��,.. _
<br /> . cost to Ba�mw�of the martgage insuiance prcviousiy in effect,from an altemar�mortgage ins�uer approved by LeAdex. if . �.�,..•. �..,. .
<br /> substaatialiy eqaivalent martgage insurance coverage is not available.Bormwer shaU pay oo Leader each month a sum equal w k., . �.-:;
<br /> on�twelftL of the yearly mongage insivance pternium being paid by Bottowet ahen the insurattce covc�age lepsed or ceased w . .. . . ��-
<br /> be m effect I.�der a+ill accept, use and reiein these payments as a toss reserve in lteu of mortgege insurance.Losv reserva _
<br /> Form 802i 0/�0 ' � —
<br /> � 6A(�(t�142121.01 Payo3of0 Inlllaiv: , � .� _�.
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