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<br /> 5.Ha�ard or Pe�opepty In�ranse. Botrower sfzall kcep the impmvemeau now exisring or her�aher eceaed an th�� • ,, ,
<br /> � insur¢d agginst los�by fuc.hazards included within the term "extended covcrage" and any other hazacds. inclLding --� -_—_ -_ - -
<br /> ' floodmg,for which Lendea requises ensurance.'Ihis insuranoe shaii be maia�sined in ihc amaunts and fer the periods�tiat Lendra -- -- - --
<br /> � . � re�quires."The insu�nce canier pmviding the insurance shali be chasen by Bonower subjcxt to Leuder's agproval which shall not . -_ �
<br /> � ' be un�ea5o�ably vrit!►held if Borrower fails to maintaia covexage descn'bed above. I.ertder m�y.at Lender's oP�on, obtain
<br /> wverage to prntECt L.endec's ri�hts in the Property in ac�rdance with paragtaPh 7. . _
<br /> c
<br />' � Ail uuiusuce policies and reaee�als shall be aocePiable w I.eader and shslt include a standard mortgage c�ause.Leader shall -
<br /> � 6ave the right w hotd the policies and renewals.If L.ender recluires,Borrower sLall promptiy give to L�nder atl receipts of paid . , ..
<br />- , premiums and renewal nouoes.In t1�e event of loss,Bonower shaall give pmmpt notice to the insuiance carrier aad Lend�.Lr.�►des . . ,
<br /> . � may make pcoof of toss if not made pmmpdy by Borrower. ,
<br /> • Uale�s I.ender and Borrower othecwise ag��n cvr�m�g•u���P�eeds shall 6e applied ta restoration or repair of the ---•- - _ _._. .
<br /> � � FmpeieY daaaaged,if the restnr�rion or repair is economically feasibl8 and I.ender's security is not lessened.If the restoration or , . ::�.,
<br /> co the swns
<br /> j repair is not econopaicalty feasi'ble or Lender's security would be lessened,the insurance proceec�s shall tse appliecl '•> _
<br /> , } �� by this Seciuity Insoivmeat,whethea or aot then due, witb any excess paid tn Borrowed.If Bamowea abandons the > _
<br /> property,or does aot answea within 30 days a noricc frow Lender tl�at the ins�uance cauiea has offeaed to settte a claim,the� - . . ,., _�
<br /> Len d e a may co ll e c c t he i n s u r a n ce p z o c e o d s•Lendea�a y use c�e pmoeeeds to repa'u ar�stare[he Piaperty or uo paY sums s�� ,:°.m�;
<br /> m eds �_ ` ••,�";___..
<br /> �` by this Security instmment,whether or noL then due.The 3Q-day perins�wU beg4n wheu the notice is given '.�•-
<br /> . .� Untess Lender and Botcower oihemise agree in wridng,anY$DP�on of proceeds ro principal s6all not extead or postpone � ���`_
<br /> the dne date of the mondilY PaYments refeised to m paiag�aphs 1 and 2 or cha�oge the amount o#the paymeats.If nnder paiaBraPh . . . �-.:�f.
<br /> � 21 the Property i�accl�d bY Lendea,Bflirovrer's ri�t to any msiaance policies and groceeds res�Iting fmm datnaSe oo the ; ._�;T,�__
<br /> to Lendea tn dte eactent of the snms se�nred by this Se�ritY Instrument immediatetY .:_.�.;�_�.,.
<br /> f�:...
<br /> �P�Y P����4nisition shall Pass .: �` .: •
<br /> : , prior w the aoquisiUon. . `
<br /> 6,poc�pancy,Preservat�on�Maintenance and Protecbbn of the Property, Bormwer's Loan Appliration;LeuseDolds. ��_ ,��.�:,
<br /> Borrowea shall occuPY,e�blish.and use the Ycopeety av Barrowea's pssncipal residence arithin sixty daYs attea the ex�n of .;�t. ,,,�:.�
<br /> t :. - -
<br /> � this Seauicy Ingocument and shsll wntuiue m occuP3►tbe Propeaty�s Boaower's paincipal residence for at least one year aftea the -
<br /> y �.,_�.3�_: �.
<br /> . . d�te of acc�pancy, �mless Lender otheawise agrees in writmg, whicd consent shall not be anreasonably withheld,or unless . ' ,�s_�_
<br /> : �`;. +�_--
<br /> eatenuatmg circumstances exist which�e beyond Bouower's wnuoL Borrowea shalt not destmy,damage or m�►panr the Property, ,; . :
<br /> � . . '_��'"?
<br /> allow the Prope�ty w deoeriora2e, oi coramit aasts an the Propeaty. Bonower sbaII be in defanit if any forfeiunre action or .,::,..,=-�``---
<br /> P�8,whethea civ�7 or crimmal.is begm�tbat in I.e�dear's good faith judgment could result in fo:feiiu�of dce Propeaty or .�.��'`Y� ;..�'' ` �
<br /> otheiwise materialtY imPair the lien aeated by this Seraui3y Insuum�t or I�eudea's seaaii3+interest.Bormwa may caie such a
<br />� . vided in h 18,bY causing the acdon or proceed'mg to be dis�n'sssed wish a mlmg that,m , ��.' `.�.
<br /> defa�ilt and reinstat$,as pro P�S�P . . —
<br /> L�dea's good faitb def�;,,Afifl4 I�lades forFeiwre of the Baaower's mt�rest ia the PropertY or other mat�1 impaima�t of , :` ��,��., .ti: - -
<br /> Instmment or I.euder's seairity inteae.st Borro�arer shall also be in defanit if Bvaowea,dflring the :, •. :�: -
<br /> " � the tien cceaied by this Security infammation or stafements to Lendea(oz fa�ed to provide L��cr with �� ' --
<br /> - . . �oan applicaLron process,gave marerisllY false or inaccauate � :'.`�*, <<�``..:
<br /> .. ;� any matraiaE infa�on) in wnnection witb the loan evid�by the Note. includ'vs�,bnt not limited w. r�oas .. .{ �,,,, .�;
<br /> residenoe.If this Securiry Insuame�t is a�a leasettofd,Buaower ;y��;,. � ,
<br /> cflnccming�3otrower's occupancy of the Pcopaty as a principal ��2d:�3 the fee tiala shall � ''';�i%;... °'�, '"z.:�.�
<br /> shaU oomply with all the prov�sions of the lease.If Boaowed acquires fee fltte to the Progearty,the ^, '- ,. �,��
<br /> , ` ' .` �'.,, ..
<br /> not meage imless Lenda ag�rees to the merger in writin8• ��- qt ,:
<br /> _. 7.Ptotect[on of Lender's tiigDW in th�Yrap�rty. If Buzrawer fa�s m peafotm the w��naats and ag�eements c�ccs�ed in �r � '.Q� ,
<br /> ma si ' can affect I.endea's sights in the Propeat�►(sach as a �.�.i.,���.:�. �;
<br /> this Serancity Insf�rramca�t,or thae is a legal pmceedmg that Y S� �Y .;°.�.
<br /> e an► ;
<br /> ..� pmce�ng in banktp�tcY.P'robate,for condemnation or forFeiUue ar w enforce laws or regalations)�the�Ix.�dea may do and pay T� . '. �--- -
<br /> II
<br /> for wharevea i�necessary u►Pm�ct the val�e of the Propaty and I,e�d�'s rights in th�Prop�ty.L�audcs's acd:ons may include
<br /> �4 in oown,PaY�B�nable "`" ,_
<br /> IssG�umeat, aPPearin8 � .;��_.j
<br /> � paY�S �Y � secured by a liea which ha4 Priaiiry over this Sec�rity h 7,Leader " '=� „•��f
<br /> � atWmeys'fees ar.��►tering on the pirogedty to make r�^,ias.�►]thongi�Lende,r may taYe sc6oa and��his paragap � ,
<br /> ' daes not have w lt�sa. ,i��`'��
<br /> My amounts c2i.�f►msed by I.ender under tbsc pata8�f'a 7 sha11 become additional debt of Holmwec sec�ued by twis SecuritS+ � '�'�,'•i�iw'� �_:, —�
<br /> Insomment Untess Bomnwes ead Lender ag�to otha beims of payment,these amounts shall be��...�est fmm the date of ' , riq,�y,�.�:. .-�
<br /> .. n notice fmm Lendea w Boaowcr�us'.�n8 pa5�L ,;;`��9��'>,�`
<br /> disb�sement at t he Note r a t e an d s b a ll b e p a y a b l e.w i t h i n t e a°s�s t.u p o �f1�. ._;�a...
<br /> IP
<br /> 8.Mort�ge IInsmance. ff Laid�re�[uired martgage msurance as s coadition of��:�the la��s�caced fiy r}�'s Sscurity ,�y 4��y .
<br /> ed tn maintain the mortgage insur.�mr� in effecl. jf, for suy teason, ihe �',* ° :. ;� .
<br /> .: Ins�unent, Boirower shall pay rhe pnmiums recluir . �+`• ����+r�+-.' ,. ..
<br /> ' mort�ge insmaace coveasge reqaireQ by Lendee lapses or ceases to be in effect.Borrower sliall pay tha pre�niums rWuired to .,`..�,,s;,• .._,�,,:
<br /> ' o�tai�a coverage substantially eciaivalent to the martgage insurauce previousty in effect,at a cost subsumtia]ly eqnivaleut t�the . �;,w,. : •�
<br /> ,,:!ti... !.'•�... :
<br /> � cost t,�Borrov�er of the mo�e ins�rence prewiously in effert, from an altemate mortgage ins�ar approved by Lendea.If , .,;'� •;�:,.,,� �
<br /> su�s�r►dally e9uivalent mortg�.;:�surance wverage is not available,Borrowea shall pay to I.end�r each month a snr�a eqoal to 'r'" . -
<br /> . ono-twe}fth of Yhe yearly mart�;�insurettce premium being paid by Bormwea when the ins�uance cov�age Ispse3 a�,seased W :i:��t�"'=r
<br /> ;r:�J,'�t,�r�: �� .
<br /> � be in effecL Len�d$r will accePt, use and m,uiin these payments as a toss resesve in lien of mflngage insurance.fir�re.s�re ..=,�.r,� ..., -.
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