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<br /> i • � 5.Hazard or Aroperty LisnrancP. Borrowcr sha11 kee�dse improvements no�v exisang or dere�erected oA the Properry ! ( • _F�.��
<br /> insured against loss by fae.harards includsd within the tum "extend�ooverage" and any other hazards.i�ctuding tlonds or f : 'i .. —
<br /> flooding,far whish LenGer requires insurance.'tl�is insurance shall be maintained in the amounu and for the periods that Leader , `. . �_,.-
<br /> • requires.The ins�ance carrier Providing the insarance st�all be chosen by Boirower subject ro L.ender's approval wtuch shall a�ot -.�:�.-„�
<br /> � be unreasonably withheld. If Borrower fails w maintain wverage desac'bed above, Leuder may. at I,Snder's option, obtain � ` ' ... —.
<br />- - coverage to pratect Lender's rights in the Property in accordance with paaa�ap5 7. �_ - -- _-- r - .
<br /> All ictsurauce poliaes and renewats shall be accegtable tQ L.ea�ier and sas�ill inclade a standard martga,ge ctause.L.enda shall . .
<br /> dave the right to hold ihe palicies and rear�wals.If Leatdea re�aues,Ba''r°wer shali Pt°mpuy S�ve no Lender all receipts of paid � ::.
<br /> �::o.-�'_,;. �
<br /> � p r e m i u m s a n d r e a e w a t notices.In the event of loss.Borrower shall give pro�pt notice to the ins�rance caaier and I.ender.L�ender - ;�.,�_�
<br /> �1 may make proof of tosg if not made promPttY bY Bonower• . , ._:��;'-�-- :,
<br /> � Unless Lender and Boimwea otherw�se ag�ee in writuig,insurance p��eds shall bx applied to restorarinn or repair of the - -_ .�• .�;�;�r,ti���{.,,T-
<br /> � ff the restnration oz repaff is economically fe�'ble and Leadea's security is not lcssened.If the resbrnarion or '- .� , .�,T �,,a�,%�,,��F;,;1_�
<br />- ..� P�Y�S�d,' ;., ���.:�, �-�-.
<br /> ,� shaIl be agplied tn the�1mS � , ` ,�::f
<br /> repair is not eoonomically feas'ble oz I.eader's seauity aoutd be lessened,the insurance pzoseeds a .
<br /> secure�by this Seauity Instrument� whether or not then due. witb any excess paid to Bonower. If Borrowea abaadnns the -,,,�g..
<br /> Propeaty.or dces noi answ�witlain 30 days a nfltice from I.ender that the ins�uance cairier has offered w settle a claim,thea� ,..`::I ,�,,.,r��-"�?'��'
<br /> ` � I,ee�der may cal�ect t�e u6s�rance P�-L�n�ea may nse the psoceeds t�repair or resture the praperty or to pay smns s� ` ,;�-==.'°`._
<br /> I, �• s�',
<br /> by tttis Sea�rity�ns�ament,whethea or aot then dne.The 30-day period a771 begin when the natice is given. ;, r„'. `"�
<br /> Untess Lender and Borrower othera+lse agree in writing,anY aPPlication of pioc,eeds to princiPal sdall not ea�tratd or postgane :; ". :- ,�..�;�'—
<br /> hs 1 and 2 os change the amount af the paymen2s.If under paragzaph s:�, �`��'''!
<br /> the due date of tbe monttily paymemts refemed to in paiagtap f'�::;:•• � , �� ��-• -�.- �—
<br />. 21 the Pmpeity u acqnaed by I.ender,Borrower's rigbt to any insurance policies and proceeds resulting from da�nage to the a';';Ff.� • .:: f,•.�- '
<br /> �.�„ � �.• ,,'J"�,�
<br /> �P�Y P�to the aoquisidon shall pa;s to Lender to the eateat of the snrns sec�nced by this Secariry Insnument immed�ated� - - -- �''
<br /> prior tn ihe acquisition. .{� � . ��
<br /> , 6.O c c o paa c y,PresQrvation,Maintenance and Proted�on o f t he P r op w�t y, �s a o w e r's L o a n A p p l k�ti n n,I.e a s e h o t d g. �`f,� ' �'�,�
<br /> Borrowcr shall occupY.establish,and ase the Propea�ty as Borrawea's prin c i p a l r e,s i d�r.�wi t h i n s i x ty d a y s a f t e r t h e e x e c u ti o n o f �dr,i.,,,.. � '�,a��'�.:•,.._.
<br /> dris Sec�ity Insuume�t and shall conrinue to uccuPY the Froperty as Borrowea's principal residence for at least one yeaz aftEr the ',''�. .. ` �.:` ,,a�•'��.
<br /> ,_-'':`�^'`.':':'�'•'---
<br /> - date of aaupancY. amless Ixaida atherwiQe agre�s in writmg, whc�h oonsent shall not be unreasanably arithheld, or unless ,._,�. � ;.. .;:
<br /> i.,e ,
<br /> exteauating cinumstances exist alrich are beYond Harmwea's conncol.�mwer s4all not destroy,damage or impair ihe Propaty, • .,.,•:.� '.:�,�• • _--
<br /> alluw the Property to detesi�ate.or commit waste on t►�e Propaty. Bonowea sha11 be in default if any fo�fe�e acdon or . �' .��;,,�
<br /> gmceedin8,whethea civil or criminal,is begvn that in L�rdds gaod faitb judgment could result in forfeiwre o��ff'mpaty or '�:;�'.. .. -,-
<br /> otheiwise maferiallY'vnpair the tien eceated by this SecuYY :.'�strumeni or Lend�'s security intaest.Bo�mwer�:.3 ctu�suc�a � :< ��� --
<br /> 18.by caus's��g the a�ion or pmceeding to be dis�nissed with a niling thar,ut w' `t ` _-_
<br /> " default and reinsffite,as Pmvided in Paragas�� n t a,
<br /> . Landc�•s gaad faith detenmination,precludes farfeitare of the BoAO�v�ar's mtraest in the Fropeaty or othea maz�ial impairment of {
<br /> the liea created by this Secasity Instrumeat or Lender's se�uitY interest Boztower shall also be in defanit if Borrovr�e,duru�g the i j ,. .' ,�
<br /> ve mat�ially false or inaccu�ate informalion or statements to I.enda(or failed to psovide Lende�r vrit6 . , --
<br />. Ioan licatioa ,Sa '�� —
<br /> - aPP P�� -
<br /> �y �� �farm�iQn) in conn�ction cvith the laan evidenced by tlte Note. includmg, but not limited to,represeutations � ;^�,:,.
<br /> conceming Bormwer's occupancy of the Prapearty ag a p�cipal residence.If th�s Se�itY insuument is on a leasehold,Borrower ; �_ •-
<br /> rt �.'=_
<br /> sUall comply wlifl all the pmvisions of the lease.If Borrowe,r acquues fez titte to the Property,the leasehold and the fee dt!e sLall Y_�� ,•. ,. ���.•
<br /> noi merge nNess Leader agcees to the merger m writing. �. -;�,;;:,;_
<br /> 7.ProteMloa o!Lendcr's Rights in the Pro�erty. If Borrowea fails to perfarm the cmveaants and agrcements conmined'sn r;.; . i��.�:� -_
<br /> • this Security Insuament�or thae is a teSal Droceeding Waz maY si8�cantly affect I.eaider's rights in the Property (such as a ------�'"":;�"� _
<br /> P�S�b�P�Y,P��for cond:�anatlon or forfeidue or tn e;�fflrce laws or regulations),then I.ender may do and pay � , _.,,�, v,�.��,:.-
<br /> .�:;'� far afiatevea is necessary w protect the�a11�of the Properry and I.s�J�r's rights in the Propeity.Lea�der's actions may inctude ,:5�lfi�'�^`�"'�" , .
<br /> `',.'`,�' �2�►8 �Y s�securEd by a Hen whic"�'has priority over th.is Ser�n+ Instrument,ayspearm8 in court.PeYinB reasonable ___ -
<br /> . .:D s7u�meys'fees and entesing oW�te Propaty to malce repairs.AIthongh I.ender may t s ke action un d e r t his parag�ap h T,L e a i d a ,�..
<br /> ; does not have to do so. ' _
<br /> . My amounts dlsbursed by Lendea ua?,r�shis DaragraPh 7 shall bec°me addidona3 debt of Borravrrr secured by thiq Seciuity . ��—°�
<br /> � " �+t "�
<br /> Insuumeni Un2ess BoTmwer and Lendea:,�ee to other terms of Pdyrsaen�these amo�ts shaII�interest from the date of - �-
<br /> P'
<br /> � rr�;sb�nsemeat at the Note rate and shall be payable,with interest.upon notice from L.�der w Boaower requesting payment .__'�����r —
<br /> . ,s _
<br /> .. 8.M�rfgage Insw�no� If Lend°a cequired mortgage insmance a4 a condihon of making the loar�seaued bY this SecuritY -4-_.�,�,�;��;_- ,,..
<br /> 7nstrumeat, Boaower shaT9 �Cy the premiums requlred to maintain the mortgage insurance in effect If,fey�.y reason,the =_,�� .�z�:�-".4 ,--.
<br /> Pe .::�+r,�.,..: ;�.r .>W �.;
<br /> mortgage insu�ance covrrage required by Lender lapses or ceases to be in effect,Barrowra shall y the premiW-ns required w � ,� . .�rc,,;
<br /> .«._..
<br /> �° obtain coverage substentiaUy equivalant w the mongage insurance previously in effect,at a wst substantiaIIy equivalent tn the �'�_�.;;:at„sL:;�_ ; -
<br /> 1'`' wst tn Bonower of the mottgage u�s�uance yrevi o n s ly i n e f f e c t, f r o m a n a ltemate mo r t g a ge inswer a p p r oved by Lender. If �; ;;; :'_,•'� � . �:
<br /> . ssibstantially e9uivalent mortg2ge inswance coveiage is not available,Borrower shall pay to Lendea each mon;�a sum equal to �� .;. .
<br /> ' . o:i�twelfth of the yearly mortgage insurance yremiar:�I�e;s3 paid by Bonower when the insuiar►ce coverage F�;�d or ceased to . . . _.__
<br /> be in effect Lea►der will aocept, ase and aea:n these paYme�ts as a 4��s reserve in lieu of mortgage insu�z:aa.Loss resave • .
<br /> � Form 3028 9t80 �� " �
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