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<br /> includiag flaods or flaodin�. for which L.eader requires jnsurance. This insuranec shall be maintained in the amounts and � . ` �` ` � �-
<br /> for the p Erlods that Lender uires.'Ihe insurance cattles providing the insurance shail be choscn by Borrower subject to � �.;, �i•';_;,�=-
<br /> req ��.,;;.,r.
<br /> L,ender's approval which s h a f i not be nnreasonably withheld. If Aorrower fails ro r n a t ntain onverag�e descri h e d a hove, . � _,•,y,,,;::�,___
<br /> d.ender may. at I.�der's option.obtain coverage to protect I.eader's rights in the Propeny in accordance wuh pacagrapb -- � .. . , -_
<br /> � . . . . =
<br /> AU insnrance policies and reaewals s6aI1 be acceQtable to Lender aad shall inciude a standard mort�age da�se. . •;
<br /> Lender shaU have the right to hold the policies and cra�ewals. If Lender requires,Borrower shall prompdy give to Ixnder �
<br />_.�` � a11 receipts of paid premiums and renewal nodces.In the eveni of loss,Bomnwer shall give prompt nfltice to the ins�rauce ��; . ;.; . _
<br />-� i cairier and I.ender.I.ender may make pmof of loss if noi made prompdy by Borrower. . • _
<br /> - Uniess L.snder and Barrower otherwise agree in writing,insvrance pro�eeds shall be applied to reatoration or repair . _zF�i __
<br /> of the pro rty damaged,if the reswration or repau is ewnomically feas7'ble and I.ender's security is not lessened. If the , .:'f` I���
<br /> resmration or mpair is not economically feasible or L.ea d er's security wo u l d be lessen e d.t he insurance pro c ce d s s�a 1 1 b e ,:, .r.
<br />,£f,.fi� apglie�s�the sums secnted by this Security inctmment.whether or aoi then due,with any excess aid to Borrower_ If :..' ':... _ f".�.*,,, .
<br /> � ::,i;_'�:�j;;_
<br /> Harro�r al��dens the Pcoperty,or does aot answer within 30 days a aodce from Lender that the�n�,�nce carrier lias
<br /> �''� aff�n�i m�ti%�Q claim,then Lender may collecx th�itt�ance procceds.Lender may nse the pmceeds to repair or msto� ,.x-�. .--.l..:_. �.-__--.- --
<br />'.�`•'�`� ��F�Y ar m�ay suuLS sxe�u�by this Sacurity tn. ,.,:�,t, wheiher or not thsn due.The 30-day period wili bt�in . .-r.�,:-� :.
<br /> • � w�di:r�o�is given. .� -��`:.._�:
<br /> ''`1� Ua�.ess[�der and Baarower otherwise ag�ee ui�iti�8•anY aPplicaiion of pmcxeds to principal shall nnt esct�nd ar �" X' ..
<br /> .:�_..,,>• �
<br /> �� gcTCa�:ch�dvs c�ate of th°,monthly payments referred tn in paragraplls 1 aad 2 or c�ange the amo�►t of the paym�ats. If .`'k, �� - _—_--
<br /> , � � • -_
<br />..f;�s. v�es gar�Z1 tke Property is aoquired by Lender, Borrower's nght to any ins�rance policies and procee�r�vltin� , ' ��_. �-
<br />.- � fra�a dama�e m�i�I'kapaty Frior to the acquisition shaU pass to I.ender to the exteut of tlie sums secuied by�Securit3+ �-.�'�..�,�o�-.�.;_.,,,,,�"
<br /> ., Inszsvment�y pr'r��ca the acquisrtion. �•'.�'�'��.T�-'"-�_`.
<br /> 6. �'c�rua-f9. T�tr�s�on, Maintenance and ProteMion of the Prop��rty; Borrower's Loan A�plicatiton; `�'�`'4�` �
<br /> I.easehai�13a��er� �,'� ��
<br /> �,.'�Py, establlsh, and use the Property as Bo:rower's principal residence within sixty days :'rm>r, � .,,.�.
<br /> after We er.eanu:r,.�f t�'s S�ty InsKra�t and shall continue to axapy the Property as Bomower's principal resid�,se ---
<br /> � %'' for at I�[�„�..�t=s datc of a�3acy,unless Lender ott�xwise agreES in vmung, tivhich cons�nt shall aat te _ �.
<br /> •�.: imreasunaW,y�siffsL�.°�3.er�2ess extenw�tg rirc��aces exist ar�ich are beyond Bomuwer's cantro2.Bbrrower shall�� '.��1 '� .'�i'°.,:�.-;
<br /> ,``;�f de,szoy, ��r�paic We Property, allow the Property to deteriorate, or commit wa5te on the Property_ Hormuw - . -�"r�'�};��`�:`� -.
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<br /> '�(�.i� �L�e ia deiault if an��fisiture action or proceEding,whether civ� or criminal, is begun that in T�ea��'s gaxi fai� .. _ :-.� �. :..: ,
<br />� t,n� :�c�t cauld resvlt m forfeituie of the Property oa oiherwise materially impair the tien cre�ed bp rhis Seauity ', :::��...?�,_'='_,.'
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<br /> ;_,.r� l�e*�eat or l.eader's security interest. Borrower may care siuh a default and reinstate.as provided i�p�agragh 18, b9 , , '�..;." _ .t�
<br /> ;: •�s� u�3a or proceeding to be dismissed rrith a ruling ttiat, in Lender's good faith determiaa�an, precludes ,•:. •, •���€'� �" :S -.
<br /> j;�•� �rP,�xur af i3��e Boaower's interest in the Propercy oa other ma.ieriai 'm�airmen� of the lie��ated by this SPCUrity �, �'�:: =�
<br />":1,��,� L�xm�u ur�er's sec�ri interest.Borrower shall also be in default if 1Boaowea,durin the loan appli�ion process. �,�;�;' r�•��,
<br /> °�#5'ii•� ��a�ci mT,�.;�y i�1se ar;•����•ar�information or stae�oeats to Y.ender(ar failed w prov�ide Lender ari� �y marerial � �"".�� .---
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<br />;;:���( ��m�atio�)�c�nue�ioa with the toan evidenced by the Note,i�ciuding.but not limitad W, rePres�tario�s concx�amg �:�� _ .-
<br />�'%•`+�` Borrower's�pancy of the Pro as a rinci al reside�ce.If tlais Secanty Instrume�t is oa a leasehold,BoFZOwer shall
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<br /> . comply witF►zll the provIsions of the lease.If Borrower acquires fee¢nele to the Property.the leasehold and the fee aue r::' ;��;�--�
<br /> sball not merge unless Ixnder agree.c to the merger in writing. ,•:-,. �' �-' •—
<br /> • 7. Prot�tfon of Leader's�tlghts ln the Properiy. If Boaower fails to petform the covenants and ts
<br /> wntained ia this Securiry Iastinmient, or there is a legal proceeding tLat map si&nificandy affect Lender's ri ts ia the
<br /> nifi �
<br /> . Pcoperty(such as a procceding in banIauptcy,Pmbate, for condemnation or forfe�tuse or w enforce laws or regulatioas), � .�:.���:;
<br /> then Leader may do and pay for whatever!s uecessary w protect the value of the Property and Lender's r�ghts in the � ' ' �� '�-� �'�=',��•
<br />_ � Property. Lender's actlons may iuclude paying any sums secured by a IIen which has prlonty over this Securl . �`'��` L�A
<br /> Insm�a3ent. aP g in coutt.paying reasonab2e attomeys' fees and entering oa th�Property w make repaus. Althou� w"n�-.�?a;_�!:`.
<br /> • Lendet may�action under this paragraph 7.Lender does not have w do so. ""^''•:°
<br /> Any amounts disbu:sed by Lender uader tLis paragraph 7 shall becorae additional debt of Borrower secured by this ���. ..��;__--,,--..'
<br /> .: Securlty Instrument.Unless Bonower and Lender agree to other terms of paymeut,these amowats shall bear iatsrest from ,. ;-!:
<br /> . the date of disbu:sement at the Tiote rate and shall be payable, with interest, upon notice from Lender to Borrower _ �•�g� �-
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<br /> ��B PaY� __�:>���
<br /> . 8.Mortgage Inalsance. If Lender required mortgage insurance as a coadit£an of malc3ng the loaa secured by thia - _ •.;;.�Y
<br /> . Sewrlry Instniment,Bonower shall pay the premIumv required to maintafa the mortgage insuraace in effect. If.for aay __',`_�:--�r=�_',";-
<br /> - reason, the mortgage insurance coverage reqnired by Lender lapses or ceases to be in effect, Borrower shall pay the �-�,t�.�-,��:,,—,,,,�
<br /> , premiums required to obtain coverage substantially equivalent to the murtgage ins�uance previously in effect, at a cost _�
<br /> substantially equivalent W the cost to Boaower of the mortgage insuranse prevtously in effecx,&om an alternate mortgage
<br /> � �nsurer appmved by Lender. If substaatiaslyeq w'valent mortgage insurance wverage is not available,Bormwer shall pay �•.'�.��
<br /> � to Lender eacb month a sum equai to oae-melfth of the yearly mortgage insurance premium being pffid by Borrower when ______--
<br /> � the insurance coverage lapsed or ceased to be in effea. Lender will accept,use and retain these payments as a loss reserve �-�.,.,�,:s.-
<br /> in llev of mortgage insuraace. Loss reserve paymeucs may no longer be required, at the optioa of Lender, if mortgage
<br /> insurance eoverage(in the�unt and for the period wat Lender requites) prov►d$d by an insurer approved by Lender -(•='�•=-=--�
<br /> • again becomes availabte�d i�obtained. Borrower shall pay the premi�nss �equired to mainrain mortgage i��,+�n� in . ..� z�.t�
<br /> '. effe�x. or to provide a loss reszrve, unril the requirement for mortgage insurance ends in accordance with any writtc� �i_
<br /> Sg8Cm2IIL bet4lCeII BOilOVSrGl 3IId I.eII�eY OE SppI1C8bIC 18W. Fc;m 3028 5/9fl(pBgB 3 6161 __
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