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<br />.� • 97- i0��46 � ,- � ,.-:
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<br /> S.il�srd or Piroperty tosvrence. Berrower shali�oep tAe improvemeats aow eacistuig or he,-zafta'�'cxted aa st�Fsa��n+ � - :. - -°. -_-..
<br /> i n s u r e d a g a i n s t loss b y fve.ha�ards incIuded within the tr.rm "cAtended wvesage"aad asiy other harards.including tto�s or t , • ' - ;-
<br /> tlooding�for wdich Lender mquires insurance.This insurance st�ll be raaiu�ined in the amounts an d for t he p c r i o d s u t�a t L x a►d e r � . . .
<br /> requins.'l't�e insurance carrier providing the insnr2nce shall be chosen dy Bosrowea subject to Lender's appcoval which shall aot � . .
<br /> be unrea�nably withheld. If Borr�wer fails to maintair► covcrs�ge desaibed above. Lerider may. at Lender's optiaa. obtain ;
<br /> cov�age tQ pmrsst L.ender's righcs in the Propecty in aocordar►s.e with paragrapd 7. � - -
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<br /> A!1 insivance policies and renewaLs shall be ar.ceptable tn I.ender and shail include a s�tdard mortga�e clause.L.ender shall h , - -
<br /> dave the right W hald the policies and renewaLs.If I.ender recluires.Bunower s2�a11 pr°mp�ly 8�ve to Lender all receipts af paid , �
<br /> pmrniums and mnewal antices.In the event of loss.Boimwer sGalt give prompt noiice w the insurance cacrier and Lender.Lender ; . .
<br /> may make proaf of toss if not made promptly by Boamwer. li����on or repair of the s • • �
<br /> � Unless Lendet and Bonower othetwise agre�in wnb�►S,�s�nce P�S shall be app' • .
<br /> . pmpecty damaged,if the r�swiation or repair is ecunomicallY feas�le and Lender's sxc�aity is not(essened.If the restoration or � . .. .
<br /> �. repair is not ecouotnically feasible or Lemder's seGUity aauld be tessened,Uie msurance Ps�ce�shall be agplied¢q tfre sums j
<br /> secured by this S�urity Instrumenb whGher or aot then due, with any eucess Paid to Bonower. If�aaa�aksaadons the {
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<br /> Fmp�ty,ar does not answer wi�hin 30 days a no�ice fmm Lender that the insuracce carriet has o�'�m�tde a dairn,dten , . . •, F,•'
<br />. I,�ca may oallect the insurauce p�ds.t.euder may use the pmceeds to repair ar restare the Ftopfaty or U�pay sums sesured � .. � '�.,�.=,. '
<br /> �d will t�gu whea�the nouce is givea. >,,,:': ' e..:;��;.'>
<br /> Toy tftis Se�itY In..�ument,whedc�s or not then due.T�.e 3 '-day P� ��s of 4. �1 aac eaa�d vr pusspone � . , ,- �.�. ;�.
<br /> •:'� Utdess I.euder and�ccssrower ut��sa+ise agcoe in writing,aaY aPP D1O�S P�� . . ��'::... :�. _.
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<br /> hs 1 and 2 or c�ge the amount of the p�aya�.If undea Pa�a� :''�- . .�•
<br /> the due date o8 the manthly paymea�s refened w in pata}�r'aF resuiUinB from daana8e tn the �. ',`';�,,'�.�.
<br /> 21 the ProP�Y��lu�hY��•B�awe�s right in any ia�urance Policies and pmceeds , , �_
<br /> �Y F�w tlte zcc1uis�on�all pass tn L��rr m tT�e eu�i of the sums seaued by this Seauiry Instrameat's�mediatelY - -- ..
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<br /> piiar to the acqaisitiou �-��;,`- —
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<br /> ' 6.Occapancy.Preserv�tion,ll'd�Fanagt���Prestec�nn o!the Peoy�ertyi Borrower's Lo�n AppUratton.I.ea.�olds. • �• ,�J:�
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<br /> �i. Bonower shall occuP9.establ�sh,and use tt�e Fm�rty as Boaower's principal residence vvithin sAtY daYs efter the e�ecution of , �- � ,, ��
<br /> � this Se�auity lnsiznmeni and shall can�uue on�Y the ProPereY as Bosmwea's princi�al resideuce for at lPasc one yeac after the . ;� � � �
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<br /> �� date of occup'ancl+. unless Leatdea o�tetvrise agrees in writing. wtuch otsnxut shell not be tIDCeasonably �vilhtteId,o� unless , ;, . . •
<br /> da
<br /> xe�ctenaating curaunstances exist wi�i�h are beyond Boirow�'s wntrol.Boreower sl�all aot e�estroy,damaSe or impair t�e Pra�patY. _ • �, � ' i �
<br /> t aIIow the Prope�ty w detr�ia�ate.oz comumii wast�e on the Anpeaty. Bomnw� shall be in defai�lt if any frnfeimxe action or
<br /> .4 proceeding,wheth�r civil or criminal,is beSen d�s u►I,eaider's good faath judgatea�t could result in forfeamre of tt�Propaty or - - : .�.� �
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<br /> a t h e i w i s e m a t�i a��i m�a u the lien cs�aied b y a�is Seairity lnsunmeat oi II�uder's secaairy int�est Ba�ower may wre such a ,
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<br /> , � defautt and reinst�,as pmvided in puagraph !�,by caasmg ihe action or proceeding w be dismis�.'wath a ruling t6a1,in ..:; • �,;
<br /> � i.eQdt�'s good feitTt detesmu�atin��Indes farfeiuue of tit�E�tower's int�E in the Property or�othear material isupairment of ��r ;� •. �,
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<br /> .� the���.,ated by tlils Secmiry I�.��¢rnent or Ixnder's se�urt.'�i'u�terest BaQmwer shall also be in default if Bonowe�b�u�g the -. _''. ,,�_�S i . -- -
<br /> loaa agplication proccss.P,ave mataiailY fatse or*�+����P infom�ari�n or statements to Lender(or fa�ed tn pmvids Lendea�vitS �� .'�,�;,, � � '
<br /> aay marrsial information) in connearon with �, loan evidenced by ihe Note, including,but not IIInited w.rr.praentations . . ..�, �d_ ;
<br /> conceming Bormwer's occupancY ef the Property as a p�ciPal residetice.If d�ig SecuritY Iastrument is on a 2easehold,Botrowe� k =-
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<br /> shall comply with all the provisiaII�¢f t�e lease.If Borrowa acquires fee title to the Prop�ty,the Ieasehold and the fee titte sham ....,q.,':;. .,,::,,.a�.::.
<br /> � not merge untrss Leadea ag�ees ur c��eagar in writing. � �`�� � �--
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<br /> ?.Proteetion of Lender's Righta in the Pec�erty. If Borrower fails to parfoin►the wves�ants aad agreeaneats coataiaed iai �.�.� ' ;- �,.. ._..-
<br /> this S�utity Inst�ar�.xt, or there is a legal Pr�c�s:d'm8 that maY sig��dy affect Ler�dea's rights id dSe Pmpe�ty(such as a -°h.;•-.._�
<br /> D�e d m g}n�n l e�t c y�p mbate,f�r condemnaiion or forfeidue or to enforce laws or reg�ations),th�IIcnder may do and pay �� �.-^':=•'�'�
<br /> for whateves is nece.ssarY to Prooect the value of the A�oPertY and Lender's ri g k r s in t he P r o p e r i y.L e a�r's a c ri o n s m a y i n c l u d e �ra._:,..
<br /> PaY��Y sv� secure�by a tie� wLich has piiorltY over ihis SeauitY Inst�ument, aPPeariAB in court. DaY�B re�s�at�able '»;;�;�"' '�'' _—
<br /> % a��s'fees and entera►g on cL�.Pmperty w�alce repa'vs.Although Leader may take action under this paiag�Fh 7,Lendes :.-=..n;. . ---
<br /> �� ' does not have w do so. �'?�=`��--
<br /> Any amounts disbursed by Leadea uada this p�arag�eph 7 shall beco���ditional debt of Borrmv�rc�ued by tLis Se�uritg; , �.'.�.;"�'.�'�---�=�
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<br /> Insuumeat. Unless Borrower�3 Leader agrce W other t�s of yayment,these amounts shall ise�iuterest from ihe date ml �.:r,:�-,}.•.; �.
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<br /> �.•�.,� dis6utsement at the Note iase a-u3!�ir:�l�e pa}rable.with intere�.��on notice from Lendea to Bormwer requestinB PaYmenL ' �;.•.,:• : . - � �:
<br /> .:v, 8.Mortgage Insoranee. IE G�:der required mortp,�ge ins.nar�.ce as a condition of cnaking the t��secured by this Seeuuit3► .�. �_.rA,.
<br /> ::i i Ins�ument, Borrower shaU yay �e pnmiums re4uired w mainraim ci�c mc�.-tgage insiaance in effi�,t:. �f, for any reason,the �. ---:**.F:,,r,�r,l:.-
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<br /> ma:tg$ge ins�nrance odv�age requBed by I.ender lapse�or ceases to�e:��sect,Barrower shall pay �.se premiums requued t+o ., • . . ,:`,i;;�,,:�.;,..�
<br /> obtain coverage substaniislly e�rsivalent w the ma�rtgage in,.<uracce yreviously in effec4 ai a cost subslantially ecluivalent to the . . .
<br /> . ca5x r� Sorrower of the mcit� "rnsurnnce previousSy iu affr�t,from an altemate mortgage�s�r approved �,��eade�. If �; � . : —
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<br /> su�stat►tia1tY eclRava.:�t mortp���svt�ce coveiage is r.as avrtiabte,Barrowa shall pay to I.endea each month a�s et;ual tao . . : ;•,y;i`..,;
<br /> � on�twelfth of�,�3y mort�a insma�ce�r..�ium being Faid by B�rrowea when the insvrance edve�a8e lapsec�or ceased to .
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<br /> ' be in effect Le�c3r�;ry:ll accept,use and r��r. d:ese payments as a i��m..seive in lieu of mor�,e;:s„uance_ Loss rescave : a.••..:.
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