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<br /> S. H�zard or Property Iasu�auce. Borrower shall keep the unprovements now eaiuing or heceafter erected on the ,� • , '
<br /> . prop�rty insured agawst loss by fire.hazards included within the term 'exteaded coverage"and any other hazards. including .
<br /> Aoods or flooding.for which Lender recluires insaranse.'fhis insurance shall be maincaiaed in the amounu and for the periods . . .
<br /> ' that L.ender requires.'the insurance c�er providing the insurance shall be chosen by Bormwer subject co I.�er's approval `
<br /> � main in COV dESC[i�bCd 3bOVC, Lender may.et L2�dCf'S • -ti, "� s.
<br /> ' ,_� which shaU not be unreasoaably withheld. If Borrower fails to �
<br /> ' - - o prion,obtain coverage w protect Lender's rights in the Property in accordance with paragraph 7. .: _
<br /> - _`"'� -- Ali insur�mce Policies an d reaew a t s s l z a l i be a c x,e p t a b l e w L e n d e r a n d s h a l l include a standard�rt�der ail zeceipu f � _ z_- -
<br /> ` sha11 have the right to hold the policies and c+enewals.If I�n����,SOnOwer sha{1 promptlY gi - ,. .,.,, ._
<br /> .� ` and renewal noaces.M the event of loss,Bonower sHall give pmmpt notice to the insarance carrier and Lender. � � . . --
<br /> paid premimns ti b Bottower. �
<br /> �,eader may maIce pmof of loss if not made promp Y Y ro��I be lied to restoration or repair of the
<br /> Unless Lee�ader and Borrower otherwise agee in writing,insmrance P �Pp
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<br />:. • p�,�PeTLY d�aSed,if the restoracion or repair is economicalty feasible and i.ender's security is not tessened.If the restotation or � ':t. - _
<br /> � • repair is aot economically feasibte or lander's secariry would be lessened,the insurance pmceeds shall be applied to the sums �
<br />- ' ' secured by this Securiry Instniment,whether or nos then due.with any excess paid to Borrower. If Borrower aban@ons the � ^ : ,,...';U,-"
<br /> � ' pmperty,or does not answer within 30 days a notice fmm Lender that the insuraace razrier has offered W settl r to i�sums 0 �.:�'`.�,'; W�
<br /> ` I.eader may collect the insurance Pmcee�s. Leader ma3►use che Pmr.eeds to repair or restote the PmpertY PaY --
<br /> � . �by this Securiry Ins�meat•whether or not then due.The 30-day periad w�71 begin when the notice is given. ' �
<br /> � Unless Lender and Borrower othezwise agree ia writing, aaY aPPl�tion of pmce�ds to princiPt�l shall not extend or ._._.
<br />'-'` . � Postpoae the due date of the montWy payments referred to in pazagraphs 1 and 2 or change the auwunt of the payments. If .`•:,<,. . " '.
<br /> ' h 21 the Pcopert3+is acguired b3+lender.Borrower's right to a�r insutance policies and praoeeds resulting from ,, '
<br /> . nnderparagtaq� t ` , - . i``�'
<br /> - � damage to the peopertp Prior to ihe acquisYtion shall pass to 1-ender w t�e extent of the sums secured bY this Se�ritY Ins��men ___
<br /> . . • immiediately prior to the acquisluon. -.--�` .,''�Y`.l.��nr,�
<br /> . � � 6.Oocapancy,PceservatFon,Mainteaance and Protection of the Property,Borrower's Luan Applicat�on.Leasehoids. . .��n.Y
<br /> . �'�., Borrower shall occupY,establish,and use ttte Property as Botrower's principal residence�residence for at teast�one year�after .;�f";:'�N�-�
<br /> � ' ' this Securiry Insaument and shall conti�we to occupy the Property as Borrower's principal •:l 4t.,�,��
<br /> � ._ . the date of occupancy.unless L.eader otherwise agrees in writing,which consent shall not be unreasonably withAeld,or.unless �...�.,
<br /> ' extenuatiag circumstaaoes exist wluch are beyond Borrower's control. Borrower shall noi desuaY, daaoage or impair the "" :�=_�E_
<br />:��$ co deteriorate, or oommit waste on the property. Borrower shall be in default if any forfeiture ��.;:
<br /> property, altow the PropertY ,
<br /> _ ;. _ action or pmcceding,whether civil or criminal,is begun that ia Lender's good faith judgment could result ia forfeinue of the '`` � .,,.;r��,
<br />'`,'��'•� atr the lien created bY tkis Secur't}'Instrumeut or Lender's security inceresc.Bormwer maY _ �
<br /> • property or otherarise materially isnP .:. .
<br /> • care sach a default and reinstate.as provided in paragrapb 18,bY causing tt�e action or pmceeding to be dismiss other material� . :.'..,,. I '�:�.�-�.'�::
<br /> �� that, ia Lender's good faitb determination. precludes forfeiture of the Borrower's interest in the ProP�Y , _�.,-,_
<br /> -- �-- --- impas�¢at of the liea created by this Security Instnmeat or Lender's securiry intere.st. Bormwer shall also be in default if _ - -L,�,=
<br /> Boirower,dwinS the toaa appiication process,gave materiaily false os inaccurace informazion or statements to Lender(ar failed ��
<br /> - � to provide I.ender with anY matedal inf°r�tioa)in connecaon with the loan evidenced by the Note,iacluding,but not limited � T,�.�,
<br /> - - to,rcpresentatioas coaceraing Borrower's occupancy of the Pcoperty as a principal residence.If�S lecurlry� �Insuamcn�°�e - ' ;u� _
<br /> ' � � leasehold, Borrower shall comP1Y arith al� the provisions of the lease. If Bor�ower acquues „ •,;���
<br /> � �1.�.
<br /> lea5ehold and the fee ade shall not merge unless L.ender agrecs to the merger in writ�n8. u�ntaiaed in �~ ::����
<br /> ?,pcotectton of Lender's Itig6is i�►the Property.lf Borrower fails to perforni the cavenants and agreemen , i_
<br /> this Security Insuument, or there is a legal proceeding that may significantty affect Lender's rights ia the ProPerty(sach as a . . . R� .
<br />-��`i �• _ prucxeding in banksuptcy,pmbate,for condemnarion or forfeitnre or to enforce laws or regulatioas),then Lender may do and �; :
<br /> � ': � pay for whatever is necessary to protect the value of the Property and I.ender's rights in the Property. Lender's actions may :. � :� '_�
<br /> . , includs paying any sums sera�red by a lien which has priodry over dnis Security Insmiment, appearing in wurt, Payi�g .. '-
<br /> •,� � ' reasonable attomeys'fees and entering on the Properry to make repairs.Af�ougD l.ender may take action under this paragraph :. '_,;,�,`..
<br /> 1 ..� � .
<br /> ��� � � 7.Leader does not have to do so.
<br /> Any amounu disbursed by Lender nnder this paragrap� 7 shall become additional debt of Borrower secured by this
<br /> , � � :� � S�uriry�astnunent. Unless Borrower and Leader agree to other terms of payment,these amounts shall bear in.terest from che . ,•
<br /> • I date of disbursement ac the Note rate and shall bc payable, with interest, upon notice from Lender to Borrower requescing , ._ .
<br /> ��` � . payment. . .
<br /> ' ' . 8.Mortgage Iasurance.If Lender required mortgage insurance as a condition of making che loan secured by this Sr.curity .
<br /> lnstrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the , �.
<br /> ,�!'� � mortgage insurance wverage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums required to . _ .
<br /> �' � � obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substandally equivalent to the
<br /> � �� •
<br /> � ' ( wst to Borrower of the mortgage insurance previousl y in effect, from an alternate mortgage insurer approved by Lender. If
<br /> . i subssantially equivalent mortgage insurance coverage is not available.Borrower shall pay to l.ender each month a sum equal to - '
<br /> . � one-rnelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance cove�u�ce ���te .
<br /> - � � be in effect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgag
<br /> � Form 30,��9� .
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<br /> �-6RINE!19to5t vapv a m s wn�x p�T
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