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<br /> . 5.Elazard or Propeaty Insurance. Baacower shall Yeep the impzovemeuts now existin8 or hereafcer erected on We PropertY ` ' _
<br /> ;�+a+,�¢d against loss by Cue,hazards include�arithin the team"extended caverage" and any other harards,including flaods or ; . .
<br /> Rooding.foY whicd Lender req�ires insutance.This insanrance shail be maiautained in the amounts and for the���shall not ` • ` ' y ' �
<br /> requires.'Ihe insuiance c�ri�providing the insuiance shall be chosen by Borrower subject to I.ender`s appro � :• .
<br /> < be unneasonably vrithheld. If Bonower faiLs to maintain coveiage descn'bed above, Lender may. at Lender's apuon. obtain i .., . °
<br /> ' wverage tn pmtect Lender's rights ia the Property in aa;ordance witb para�aph 7.
<br /> E1ll 3nsRUance policies and reuewaLs sball be acceFtable to Lender and shall is►clude a standard mortgage clause.Lender shall f , ,
<br /> ''` have the right w h�nld the poIic�.es aad renewals.ff I.euder requ�es,Bonawer shalt prompdY give w Lender all rcxcipLs of paid � ' , . _
<br /> � preminms and re�ewal notices.In rhe eveut of loss,Basmw�sdaD give pmmpt norice to the insuiance cx�rier an�Lender.I.ender �.
<br /> ; may make pmof of loss if not made pmmptly by Borrower. � . ' .
<br /> Unless Lendea and Borrowea otherwise agree in writing,u�saraucc Pm�eeds sha11 be 2pplied to reswra�on or repair of the �
<br /> � FropertY dama8ed,if the reswration ar repais is ecanomically feas►ble and Leadea's security is not tessened if the reswratiou or , _'. •
<br /> . repair is not economically feasi'ble or Lender's secauitY would be l�med,die insurance Pruc,eeds shall be apPli��O�e swns ,
<br /> ser�ued by this Seauiry Instnuaenb whether or not then tlue, witb any excess paid to Borrowca. ff Borrower abandons We . .
<br /> propeaty,or dces nat answer within 30 days a aoace from Le�da shu the insuaance cazcier has offeaed ro settie a claim.then ' ,.°�
<br /> Lender may use the pmceeds tn repaa or reswre the Propert7+or w pay sim�s sec�ed �
<br /> Lendea may collect the:�.::.uance p r a c e e d s. .
<br /> < vv�l begin ahen ths aotice is givea. �'.�
<br /> by this S�Y Instiv��t,whezhea c�not the�due.The 30-day period shall not extend or postpone � '`•",�"••,''�a"-
<br /> � Unless Leader and Borrowea attrs-r•w'sse agree in writing,anY aPPlic�°n of pmceeds to pancipal �m'�;__` `—
<br /> hs i and Z or change the amount of the paymeats.If under g���ph '� . ,. .�:;:;'�_
<br /> the due date of the monthly paymeu�5�:*:fared to in p�a�ap from dam2D�e r�the E. . .: � Y=��
<br /> 21 the Prop�ty is aoqased by Lender,Bormwer's ri$ht w aay insinance p oliaes and proceeds resuitu►S
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<br /> . prope�ty�iar w the acquisifion shail pess to L.ensi��the extent of the snms seaued by this Security In:,:��eut imsuediaUely . : r :
<br /> •A,�.
<br /> priar tn dr��,;rition. . �� _
<br /> �- =�•
<br /> 6.Q�:��9+�reservatioa,Nda3n4enance and Proiection of the Property: Borrower's Loan Apptic�t[on;�r�r',s�s. ��.-�
<br /> ,�'k Boaower s�all occaPY,establish,and use the Propeaty as Bonower's principal residence within svcty days afta the er.�of _ r
<br /> this Seauity Instrumevt a�d shall condnue to occupy the Property as Borrowea's principal resideuce for at least one year a.`�the '
<br /> � daic af ocxaip3ncy. ��lr�ss Lender oiheswise agrees � vvriting,which consent shall not be unreasonablg c.�ithheld, or unless .
<br /> �.� p�ua�tg cuc�sta�tces exist atuch are beyond Bormwa's oonirol.Bosow�sha11 not desuoy,dama8e or impair the Property, . �
<br /> • � Bonower shall be in defanit if any farfeiaue aaron or .�'
<br /> aw the to deteriorate,or commit wastB on the Pro�aty. y ',� ':�
<br /> aIl �P�Y
<br /> i Prac�in8,whether civil or cdim�nal,is begun t h a t in I�n de�'s g o o d f a i t h;u d g m e n t w u W r e s�il t m f o r f e i u u e o f t h e P r o p e a t y o r . ' ' ,ti`, !
<br /> otbeswise mate�ially impaff the lien created by this Se�uity insuamea:s Ti.a,r�..E'a's securicy interesi.Bonower may cure sach a ' �.'�� _
<br /> � ,� m, h i&,by cau�ng t h e a c a o:�c��o c e e d i n g e o b e d i s m i s s�l wziS�a nilin g d�at,in ,: . . .,W�� ` -
<br /> , d e f a u l t a n d r e i n s T a t e.a s p r o v i d e d p a r a g r d P
<br /> •,, Lendec's�ood faith dete�mination,Pseciudes foi€e�a of the Borrow�'s interest in t he P i o p e a t y or o t he�r:..�z i a l i m p a i i n t e n t a f _.� :,, ..j' ._' y
<br /> ,�' the lie��by this Seauity Insµurnenc or Lead�s's seauitY mtesest.Bonower shall also be in defan'.i i�B�rower,dr��.g the . '. .
<br /> is
<br />_ ,� loau application process,Save noateriaIlY faL�e or masctuate inforniation or smientents to Lettde,r(or failet9 w�rovide I.��r with � ''�+: i
<br /> • ��;,.. t .'.
<br /> ..`_; any material infom�alion) in connedion with t�loan evidaiced by the Nots. including, but not li�.:�d tn. representazions . �y. ,. - � :
<br /> concemiag Borrowea's occupancy of We Propeaty as a principal sesidence.If ihis Security Insorument is o�a 3easet►o1d.B�rowea n���� �;s .,.s
<br /> � shall wmply wiah a11 the provisions of the lease.If Botrower acquires fee ade to the Pmpeaty,the teasehold and the fee 6tte shall �.x,�;�r.: . _.Y_.
<br /> h .:�... .,
<br /> not mclge wiles4 Lender agrees to the mergea in wriring. . . �_
<br /> � 7.Protedton ot I.ender's Rtghts in the Property. If Bormwer fails to peafonn the covenants and agreements contained in �.: �#-'�
<br /> ' �� is a I g that may signif►cantlY affect Leader's rights in the Avperty (such as a _"K;�•.�,,�, '
<br /> this Security InsUtuaent,or there ega1 P� , . •. ''±�.,•
<br /> psuceed�g in banlauptcy,Probase,for condemnation or farfeinue or to eaforce laws or regWations).thea Lender may do and pay . . -
<br /> for whatcver is necessary to protect the value of the Property and Lend�'s rights w the Prop�y.Lender's aati�ons may mclude °"'e:Y:'�€.r --
<br /> i an sums secured by a lien whic� has piiority over this Secutiry Instrament.aPP�B in ca�¢,PaY�B �nab2e . .._,_ --
<br /> PaY�B Y Atthou Leader may take action under this garagap��i.�der -�..:;:s,�'�.,,�_
<br /> > atta�� fees a n d entrain g on the�r o p e r t y to matce repairs. gh --
<br /> �.,-,.,.�.�{�;�i..�r�-..
<br /> � dct�s�i:ave w Go si-
<br /> My amounts disbursed by Le�der unda tL+rs��pb 7 shall become additios�al debt of Boaow�s�..'-ed by this Seruriry •r�-.�:���',__
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<br /> Instrument Untess Borrower and I.ender a�:o othe.r trams of payment,t:rse amouc►ts shall bear�'est from the date of Y Ls.: ��
<br /> s um
<br /> disbwsement at the Note rate and shall be paya�:w with int�st,upon notice fram I.e��de�t�Botrower requesting payment �.� ,:'��;:-:: �- -
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<br /> S.Mortgage Insurance. If Le���r requi�9 mortgage insurance as a condidon of r��3 the toan secured by this Securiry ...,4,,6�r:. _.
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<br /> lnsuument,Borrowea shall pay �:: �em:�:�s r?..quired w maintain the mortgage insur�.�x u► effect If. for any r�sc�.the . `��{�:; . �,...
<br /> mortgage m.,urance coverage required by I.e1�lapses or ceases tn be in effect,Borrower shall pay t�s premiums req�ed to ' , • 'r•;,,
<br /> rt g '':f'�
<br /> obtain cover�ge sabsmntialty e9uivaleat m the mort�ge insurance previouslY in effect,at a cosi subs��ally equivalent tn the _
<br /> � cost tu Botrowea of the mortgage insurance pieviousty in effect. from an alteanate mortgage insurer�pmved by L.e�dea.1f , . . •. -
<br /> an
<br />. ,..� sub �star�liti�Uy eQnivalent mortgage insurance coverage is not available,Boirowe,r shall pay cn Lender each month a sum eqaal to • .
<br /> on�twelfth of the yearly mortgage instuai�ce premium be�ng Paid by Bormwer wfien the�-�uance cov�age lapsod or ceased to .:t
<br /> 9 be in effeq.Lendea wiU accept,nse and retain �hc�e payments as a loss reserre in lieu of mortgage insurance.Loss r�rve
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<br /> ` Form 8028 9190 . • .
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<br /> ; inttiaio: � x�
<br /> 1 ��6�;'3L'�i62'27A+ Papo3ot8 , -
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