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<br /> � � � - 9�-100��� �` . . .. � . � __
<br /> j 5.Ela�d o�Property Insarance. Boaower shall keep tlie improvements now exisang or harea�er erect,ed on the Pro�erty � � ,. �--
<br /> � �against loss by fire.6azards included withic► the term "extea�ded coverage" and any other hazards.including floods or .
<br /> • tlood'mg,for which Lendea requues insvrance.This insuiance shall be mainta�ed in the amounis and for the periods that Lender : . . � � . 'x
<br /> � requires.The isisutance catrier providing the insurance shall be chasea by Bonower subject to I.euder's approval which shall noi ; . 4 .'_
<br /> s be unmasonably wi�inheld. Yf Borrower faiLs tn maintain caverage desrnbed above, Lender may. at Lend�r s option. obtain � • , -
<br /> � coverage to prore�t Lend�'s rights in the Property i�acoordance with paragraph 7. • . . : ` .
<br /> All insurance policies and renewals shall be�cepsable to Lender and shall inchtde a standard mortgage clause.Lend$r sball - ' -
<br />•" � have the right w hold the policies and renewals. Jf Lendea req�ires,Boaower shall promptly give ro L.eadea all receipLs of paid - -.-- , �
<br /> , pmmivaas and renewal notirRS.in the event of 1oss,Boaawea shall givs pmmpt notice to the insurance carriea and Lender.Lender � „
<br /> • � may ma1cQ proof of toss'ff not mads promptly by Bomnwer. . ' '�
<br /> j [Inless l.ender and Hoimwea otherwise agree in wiiting, ins�ance pmcceds shall be appli�ed to restoration or repair of the � � . ::':�-'-..
<br /> �P�Y�Sed,if the resroiation or repair is economically feaa'ble and Lender's s�curity is not les�ed.I f the restoration or ' �=`;"-
<br /> repair is not ecanomically feasible or Lend�a's security woWd be lessened,the insnzance proceEds shall be applied tn the sums . ���'�'�'
<br /> s e c u r�d by t h i s S e c u r i l y I n s t n�m e a i t,whether or not t6ea due.witb any exsess paid to Borrower. If Bm�rower a6andons the . �°��=°�`
<br /> Pmpe�ty�or dces not answer wi'thin 30 days a norice from I.eader that the insur�nce c�riea has offered to settte a claim,then -
<br /> l,euder may collect the ms�uance psoceeds•Lender may use the prooeeds to repair or rastore the Pcoperty or w pay sums secured ��.
<br /> by this Seauity Insuvment,wheth�ar aot 14en due.'�'he 30-day pe,eitod will begin when the notice is given. ,,•;�=+!�!--M-
<br /> Un2ess Le�der aad Boirowra athe�vvi.se agrae in wribng,auy appticaaon of proceeds w priucipal shall not eatend or pos�eone � ,', ..�-�
<br /> e �-
<br /> the due dars of We mondiJy paymenis r�fernd w in PatagraPhs 1 and Z or chauge the amount af the payments.If unda p2r��h , _ � �,::�
<br /> 21 the Property is acqe�ed by I.endea,Bosrower's right to any ms�ance pQlicies and pmceeds resulting from damage�►the . '�_ .'"�
<br /> prop�ty prior to the acquisition sdall pass tn Lender to the extent of the swns�by this Security Insfi�Yat immediatety ,
<br /> �:�:�.:
<br /> . - priar w the acquisition. f-- �J•�:��:�:�
<br /> 6.Ocrapancy.Presenation.Maintenance and ProtecNon of the Propxrtyf Bi!lfOWi'�7'S II.OaII Ap�Iti�tlODi L�YS10�S. , •. �
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<br /> Bolmwer shall occuPY.establish,and use the Propaty as Borrower's prmcipal residence w'..�m snciy days aftca the execuci�of µ�;y_
<br /> Bo�mwer's ' al r��ce for az least one year a.�'�r u�se . _` ;�'''��'�"'..
<br /> ' .�. this Seauity Insttumeut and shall conomue w accupy the Property as P��P ' a �"--:,;:
<br /> date of oocupaacy, unless I.eader otheiwise agrees in writin8,wtuch cousent s�,ail not be unreasonably withhel4 or�ess '•��.
<br /> . ,• exteauating circumstances exist which are beyond Boiroara's conuol.Bortowea st��:at d e stroy.damage or impair the Pro P e rt Y, _. ._
<br /> allow the Prop�erty w duerioiate,or wmmit waste on t3�e Prope�ty. Bormwer s�:J be iz �efault if any fodeiture as��ar ...:
<br /> • praceediag,wheiher civ�ot crim�a�,is bcgun that in Lender's good faith jud�c?:cow19 c�alt in for�'eiaue of ihc Progea�y or .�,*';,� . -':! �.'
<br /> ott�erwi.se matrrially impair the lie,n c�ated by this Seauity Insttument ar Lend�s sesauity mteacst.Boptowea may ciue such a ..,; . ...�; .:
<br /> .�;;,.,•:,
<br /> default and remstate,as Pmvided in paragraph I8,by cat�sing the actioa or p�g to be dismissed wit6 a mling that,in �, ;;•�;;;:,,��
<br /> Le�der's good faitb deteamination,Precludes forFeiwre of the Borrower's intere�st in the Propacy or othea�z�.^�real unpairment of . r, ;` -4;�;:.
<br /> the li�creafed by this Security t*�c�-Q�+t or Lendea's sera�rity mteresR.Boaower shaU atso 6e in defautt if B�nrowea,during the �� . i� '..
<br /> loaa applicalion process,Save materi�iq��or inacc�ate informaton or statements w Lendaz(or failed to provide Lendzr witb `�
<br /> ��}+,.
<br /> any maierial informarion) in cannecaam aitb the toan evideace3 by the Note. including, �►at not limited to, rePreseni�tinns �.���, " :.
<br /> �'� '; .-<
<br />. concemmg Borrower's occupancy of the Property as a principal resid�ce.If this Secarity Inszwnent is on a 1easehold,Borrower �-p .;.��':�=
<br /> p e r ry,the leasehold and the fee title shall j`� �
<br /> : , s L a l l o o m p l y w i t h a ll t h e p r o v i s i o n s o f c 6 e t e a s e.I f B a r r o w e r u q u u e s f e e dde to the Pro � +- ..•:=
<br /> ' not merge miless Le�dea agr�es to the merger in wciting. * ` .
<br /> 7.Pa�on ot i.ender's RigtaL'�im ihe Progeriy. 1f Bosmwer fa7s to peaFmm the coventu�ts and a�ts contained in ;;�, ..—:
<br /> this Soa�Insuument,or there is�ti 3a1 pr�oceed'uig thaat may aigaificantly aft'ect Lea�der's rights�the Property(such as a �� _:; i�' `": .�._'
<br /> t � a •.
<br />� prt�eeding u�banlmiptcy.pmbate.far�andemnation or fotfeiUUe or w enforce I�ws or regWations),Wen I.er�de:may do and pay __ :� '� �
<br /> ati
<br /> f�whatever is necessar�►tn pmtect C►e value of the Pmpaty and Lender's rights in the property.Lea�der's actions may inclade •..:;�;,,k;`�"`
<br /> P�8 �►Y sums secused by a lien e�hich has psioriry over this Sec�urity Insprumcnt,aPP�B in conrt.DaYinB reasormbte __ .m�=°�--;
<br /> '�..} suameys'fces and ente�ring on the��aty to make repaus.Althoagh Lender may take acti�n under this paragraph 7.Lender �:;�-
<br /> dces not�a to do so. ' .
<br />' :.;� My amaunts disbused by Lender under this patagraph 7 shall become addifional debi of Borrower secured by this Security .��'�:.'�:--.
<br /> Insuameaii Onk;ss Bac��e�r and Lendea agcee W other t�eaams of payment,these amous►ts shall bear inteaest from the date of -"�!'�-� -�..:�°-�
<br /> .�=
<br /> disbwsement at the A'c�e�e and shall be payab�e.with intaest,upon notice from Lender to Boirower requ•stu►g paymea�t , .:�,,��;�. __
<br /> 8.Mortgstge Insarance. If LareQer required mortgage insutance as a condition of matdng the loan sec�ued by t6is Security .:` ---:
<br /> Insfiunen� Borrower sha1) paY �F*'�� �luired w maintain the mortgage in��m effect If. for any reason. the ��•.4j�. ...:. ,
<br /> � P Y Drcmi req . �►•K-s.:a,k;�.�.
<br /> mortg,age insivance coverage required by Lendea la�ses or ceas�tn be in effect,BorroR��11 a the ums uued w �1;,�_
<br /> � obtain coverage snb^ta�►tiaUy equivalent w the m.cc��.3e insurance previousty in effect,at a cost substantially equivalerti to the `�'.`�"�-� `"�`-_
<br /> t_:;
<br /> cosi to Bolrower of the mortgage insurance prer�-..,c�:y in e f fect,f r om an a lteanare mortgage ins�ua approv e d by Lender. If ,'��,.�:�f�.,-�,,�;.`
<br /> � subst�ntiaaUy equivalent martgage insuraace coveaage is not av^*'�1e,Eorrowea shall pay to Lender esch montfi a sum equal to --. ;°..� .:. � .
<br /> Uy - ��.., _�-�■:�..•;. _.
<br /> on�tweE�a of the earl mort e insurance premium bein �by Borrower wden the insurance cov e sed or ceased Lo • �'-''" � �
<br /> Y Y Sa8 � ela8 laA :;�,;tu•,,-;��l�.�,_- _
<br /> � be in effc�t.Leadea wiU acoept,use and mmin these paym���s�.s a loss reserve in lieu o��ortgage insurance.Loss resenre : ' _ .. . . __._ .
<br /> Form 80Z8 Q1�0
<br /> �'6���IE}182121.01 Pape 3 of B Inmats: � ' ' , . `.
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