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<br /> . S.�azard or�ropety Insuraaoe. Borrowea shall I�the imProveanents now exisang on c��aftsr erected on the Pmperty `. --
<br /> . �against loss by fue.La�ids insluded within the term"exoeaded wve�age" and any ather hazards,includinthat Lender � �
<br /> : Qoodiag,far whic6 I.euder reqWres insurance.lbis inswa++sp shall be mainrained in the amounts aad for the pesinds • ,� ,_
<br /> .. � reclu�s-'Ihe icuvr�ce carrier pmvid'mg d►e insuranoe shaII be chosea hy Borrower subjecs to Lend�'s approval whicb sba11 aot .. , __
<br /> `�` � be unreasonably withheld. If Bmmwer fa�7s tn maintann caveraSe desaiDed above. Lender may. �i Lender's option. obiain
<br /> ' � -.
<br /> ' . � coveaage�a pmtect Lender's rights ia the Pmpernj in acoo:dance with para�aph T. , . . • .
<br /> � All ensarance pobaes sud reaewaLc shaD be aooePtable to I.e�da and shall include a standard martgage ctause.Leader sha11 . .
<br /> have the right to hold the policies aad reaewals.Tf Leader reci�.Botmwes shall prompdy give tn L.eader ail reoeipts af pai.d . . .
<br /> � prerniums�d�ewet notices.In the eveut of Ioss.Borroaer s6all give prompt norice to the insaiance carrier and Lender.I.�►der .
<br /> . • _, may malce pmof of to$s if not made pmmpfly hy Bosower. •
<br /> ' - � Unl�sss I�ea�der and Brnmwea otherwise agree u►w�i�nS,insurance Proneeds shall be a�plied w resD�ration or repair of the � . .
<br /> . ._.� ..
<br /> ..... . . n s
<br /> , '- -- . �F�Y�•ff 1he r�on ar�is eca�mis�11Y feasi'ble and Lradea's security is uot lesscded.If the testoration or � - - _ _ -
<br /> � � rep�is not ecoaomically feas�ble ar T.e�der's securii�+wouid be ies�aed.the msinance pmceeds shall be applied tn the sums .. , t'
<br /> , :, 1 Sec�byr this Seca�iiy Instrumeatt,�or not t h e a d u e, w i t h any ex c e s s p a i d m Borrower. If Borroaes abandnns the
<br /> ` ' : � pmpeaty,or dces not answer wirhin 30 days a notice fmm I�dea thai the msurance can'ier has offered�seWe�� . :':
<br /> . � Leader may c�oitect the�smrance�oceeds.I�der may ase the graceeds w repair or restore the PmpedtY PaY
<br /> . by tWs Sec�ity Instcameat,whether or not then due.lhe 30-day pe�iad w�begin whe�the notioe is given. J .�`
<br /> ' � Unless I.eadea mmd Bosower othe�agree in w�1�g.�Y�Flication of pmceeds w principal s6all not extend or posq�one ,
<br /> . ' i ents refcared to in p�agcaphs 1 and 2 or c6ange the amount af the payments.If under paragraph , '•', ,'Y:;-
<br /> the due date of the montWy paym resultiag from damaSe to the
<br /> - ` � 21 the PmF�Y ��1�bY Iender,Boaower's right W any a�s�urance Policies and proceeds ` . . �__ .:�1
<br /> ` . praperty prior m ihe acquisition shall pass ro Lender to the exr�nt of the sums se�ured by this Seauity Insaument innmediat�elY '�.r ____
<br /> prio�r ta tbe acq�tion. " . _°• -
<br /> ' 6•OecapaneY.Preservatinn.Maintenance and Frof�ton of tiie Propertg: Bbrrower's Loan Appliwtion;Leasehoids. . .
<br /> tena :�y,r�
<br /> • �. Boaower shall acWPY,establish.and ose the Propeny as Bormwea's priacipai residence withB►sucty days after the executinn of �.-
<br /> : � ' � this Secarity Iasonunent and shall contmue to occupy the Pmpe�ty as Bormwea's princi�al r�sdence for at least one year after the ;`��`-:'•:
<br /> which consent shall not be tm�asonabt3► wiihhetd,°r unte� ; 3 �;`�"-
<br /> � . dare of accap�cy,uNess I�da otheawise ag�ees m wri6ng, �� ,' ,.�:
<br /> occap cy
<br /> `� e�nuatmg caa�mstances exist which ace iseyond BaQrowea's controL Bosmwer sball nat destroy,damaSe or�p�t�e , __..=�'_..�I�""..,
<br /> '� Bormwe�shall be in defanit if any forfeiture action or ��:'��' �'
<br /> . . . `;`;' allow the PropertY tn det�iorate.or commit waste on the Picoperty ar ,.,.���
<br /> p m c e e d'm g,w h e t h e r c i v�o r c r i m m a l.i s b e g u a t d a t i n Leuder's g aod faith j�d g meut could result ia forfeinue of the Prope�t}► . ;-;..�,����
<br /> - . :. < otherwise maiaiallY imPair the lien cmate�by tltis Secauity lasuumeat or Lender s security iate�est.Boaowea may c�e su c 6 a " �;;.���'r!i:.
<br /> � . '. defaalt and reinstate,a4 Pmeided'm paragraph 18,bY c�using the acdon or pmceedL�g tfl be disrnissed wit�a rWing that.in .... . `,Y��;;�
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<br /> . � I.endca's good faith detea�n�ation,P�ecludes forFci�e of the Borrower's mtrdest iu the Pmperty a�atI�er mateaial imPairment of .,.�-;'-:�
<br /> - . i .M.r�Ya�
<br /> ' the liea created by this Secarity 1nsUmment or Leiade�s sECwity in�Borrowea shall also be in deFanit if Borrower.durmg the . . '`K�.,;s::'„.
<br /> Lea .,
<br /> . loan application psoce.ss.gave mat�iallY false ar in2�infosmauon or state�eats w Lender(ar fa�ed to prmvade I.endea wit1� .. -_�-"--r �,
<br /> r ;.
<br /> � an mat�esial infaamation) ui connectinn witb the 2oan evidenced by the Note.including, but not limited to. represemtations ;�:_,`"+,��_;:
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<br /> costceming�s�owe�r's accapancy of the P,ropeaty as a QriaciPal residence.If this Sec�uiry Tnsbument is on a Iea�hold.Borcoamr r..�°,;_
<br /> . � . shall compSy.s.t�a11 the provisians of the lease.If Borrowea acqunres fee ritle w the Pmpeny,the leaseho2d and the fee dtte shall . • a?;:.;,�•-:
<br /> �' ,_
<br /> • h.ti�.
<br /> _ _ - >r :: not merge aule.�Iander a�es to the mergea in writing. _ .-�;�.-
<br /> � 7.Proteciion oYl.en�er's Rigdts in the Properiy. If Borrower faiLs fn perfornn the ooveoa�ts and ag�+eemenFS contaiQed ia .,. .
<br /> 12' s :ig:,i�...;
<br /> - .-;;-� this Socurity L�s�a�t,or there is a legal praceeding that may si�ificandy affeot Lender s rights in the ProPertY(such�a . . . : �,�-;��:
<br /> � p�ceedu�g in bankruptcp,pmbate,for condannadon or forfeiture or to ea�fonce laws or regutations),then L.enda may do and pay �:r_,
<br /> for whalcva is aecc.ssarY w Pmtecc the vaine of the Propaty and l.end�'s rights in the Propeny.L�endea's actioas may inctude �'��,:
<br />. . . � PaS+mB �►Y � sec�aed by a lien wiuch has priority over this Security Insuument,aPP�B m court,paYing reasonable , :..:?��;:,>.�
<br /> � h T,Lenda , "� .
<br /> . . •�, aiWmeys'fee.v aad entaing on the Prn to make repaiis.Although I.eader may take acdon under this p^�a�ap , �_.;��:
<br /> does not have w do so. • �`�'�
<br /> . Any amo�ts disbntsed by Lender nnder this paiag►aph 7 shaII become additional debi of Barrower seatted by tLis Security . ,. `;1'�.;�
<br /> aaga
<br /> . Ins�umeni Ualess Bormwer aud Lenda agree to other te�ns of gayment,these amounis shall be�ar inteacst fmm the 'c�::of . ,'"�'__
<br /> disbnrsement at the Note rate and shall be payable,witb int�est,�pon nodce from Lendea w Botrowet retluestmg Payme�� ' ;:;'s: ::.
<br /> 8.Mortgage Insurance. If Lender required mortgage insurance as a condi�c�of mak�g the toan sec�aed by tLig Securiry
<br /> . . ]nsh�unent, Bouowec shall paY tt►e Premiums retluired 1° maint� the mortgage insutance in effect If,for any reason,the � . .
<br /> mortgage ins�uance wverage required by Ler►der lapses or ceases to be in effe�t,Borrower shall pay the prc,tniums tequired w . . .
<br /> obta3n coverage substantialiy equivalent w the mortgage insu:ance previously in eifect,at a cost substantialiy equivalea�t to the . : . `��.�;:;;..:..
<br /> a
<br /> � cost to Bo:rower of the mortgage insivance previously in cffcxt,from an aItranate mortgage insQrer appmved by Ix,nder. If .' �.:...
<br /> . , substantialIy equivalent mortgage insvrance covaage is not availablc,Borrower shall paY to Lender each maa:h a sum eqnal to �. .
<br /> � on�twelfth of the yearly mortgage insurance plem-`ar�6eing Paid by Borrower when ihe ins�uance coveiage lapsed or ceased to
<br /> . � be in effecL l.ender will accept,use and retain these payments as a loss reserve in lieu of mongage insurance.Loss resave _.
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<br /> Form 8028 9190 � •
<br /> : �•8R(NE�1e212).ot Page3ote Inttiata: _ __: �
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