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<br /> ° � E . , ; S.Ha�r�d ar Propertp Tns�ano� Bo:rowea shall keep the Impiovemems now existiag or haeafterr erected on the f' � �
<br /> PmAertY �. .�:.��.,.` -
<br /> - � � � < u�s�ued aga�sY lasg by Cue. ha7ardg inctnded witkhin the term"extatded coverage"and any other 6a�ards,including i�oads or j . _� '
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<br /> . � .�� fioodiag,f�wbich I.aader�quses ms�uanoe.'RRiiss msurance shsll be maintained in the amount�and for the pe.riods that Lender � . .
<br /> _. �, � '�_� iequims.lhe in5�uai►ce cariier pt�viding the insmaace shall 6e chosea by Boimwer subject tn Lendea's approval which sball not . ,
<br /> � nnrpam_�ly a'1thhC2d if Bonowe[fv7s !O m8iIIi2i�l Covt�,,t+C dCSCrlbed shovC, L¢[ider msy, at Leuder's option, obrain� . , .' -�,
<br /> " . ---:+r covcaage to pmtect Lender's rights in t1�e Piaperiy in accordance Mth paragzaph 7. � '
<br /> � ' �� pp ins��rancq poliCies altd t�ew3Lc ShSll be 2CCeptSble to I.t�der eIId shell[rlClude 8 5(�dBld mortgage clause.Leuder sUsIl� _t � _
<br /> • • � l�ave the right tn hold d�polia�ss and reaewals.If LEnder requires,Botrower shaU 1�mPUS+B�Ye to Lender all re�eipts of paid _ � ' ' : .
<br /> premi�uns aad reaewal no�ces.In the event of Ioss.Bormwer shall give prompt notice to the insuiance carrier and I.ender.Lender �
<br /> ` . may make psoof of t�ss if aot�ade promguy by Bormwea. �: ' �
<br /> . . � � UNess Leader and Bomuwer ot5eawise agree�wri�ng,ma�*�sp pmceedv shall 6e agplied to r�LO�ation ar repair of the hi . _ „- -=
<br /> . . Piopeny damaged,if the resoaQaLion or repair is eoonomically feasi6le and I�endei's seauity is not tessened.If tbe restniarion or 11a c • ':�.
<br /> . ,' re�aa is aot econoaucally feas�ble or Leader's sea�rity wautd be 1�.the msucance pmceeds shall be appli�d ro the sums C� �_ . ..�.._,:_,.
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<br /> � i ,, seWred by this Sec�nity TnsOmment,wbether or nnt then due.witb any excess paid to Bmmwer. If Sorrower abandans the � � , . .�''�.�
<br /> • � Fioperty,ar does not answer within 30 days a notice from Leudea that We ins�tance canier dag offered to settte a ciaim,thea • - • ��=-
<br /> `� � ? Leaadar may coUect the msL��p pruceeds,I.ender may use die prace�eds w repair or restore the Pmpeny m to pay sums secaued `.�.. .. -
<br />','.. ' � bY thiv Seauit}r Instcumeat,wheth�or aot thea due.'Iiie 30-day pe:iod w716egin whea the noti�e i�given. ,j` `
<br /> , • '__ � UNess Lender and Bmrower olherwise agee m writing,anY aPFl�c�tion of pmceeds ro principal shall not exiead or posq►nna ' `� --
<br /> the due date of the monlhly paymeaus refened to ia garagraphs 1 and 2 ar c�ge the amoQnt of the payments.If nndcr parag�aph - _
<br /> . 21 the Pmpeity is arquQed by Leuda,Botrower's iight to aay instivauce poliaes and ptoceeds result�g fmm damage N the � -
<br /> �`. ' ' � . P�Y P�' �i �� shall pass m I.e�der to the eateAt of the sums sectued by this Socarity L�suament immediately , ,`, �' .�
<br /> Pm to the ws�on .. _
<br /> �` � . prior w tGe acqu�ition. :.;_.. _ ��—
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<br /> 6.Oa�apaacy,Preservation,Mainteaaace aud Protectioa of the Pmpesty: Barrower's Loan A.pplication;I.easeholdg. ' "��.,_:-
<br /> ::� • Bmmwer sball occapy,�stablisb,and use the Pmperty av Bormwer'a pmicipal�esidence witbin sixty days after the e�cecution of • Y"'=:f;�-
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<br />'`��. . . tl�is SECUtity�nswment and sball continne w accapy t�e Propezty a9 Bormwer's prmczpal residence for at least one year after ttce � . ��-:
<br /> _ _ date of accapancy. wdess Leader otherwise agrees m writing, wLich consent shall not be�mreasonaWy wN�h�d.ar anlcss .. �--• - '= "�`""
<br /> - . . eatrr�uatiag circumstances exist whic6 are 6eyond Borrower's canual Bmmwer shall noi destroy,damage or�paa the Pccagerty, ' . `� L�
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<br /> • aMw ttte P►�npeny ro deteriorate, or cflmmit wast� on the Progelty. Baaower shall be in default if aay forfeiaue actaon or ' -
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<br /> � Froc�in8,whethea av7 or criminal.is begun that in Ler�de�'s gaod faith judgment conW resutt in forFeiUue of the or .�:,. ,.,
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<br /> .. . ..� atheiaise materiaUy impair the lien aeated by this Secarity Instrnment or I,.�dea's se�rity inte�rest.Boimwer may c�e sacb a ..,;,
<br />.; ; defanIt and remstate,as provided in paragrapb 18,by causing the action or pc�oeed'mg w i�e dismissed with a niliag that.ui :` .,: .� •�•:�x�
<br />. � I.e�der's gaod faith dete�mmarion,precludes forfeiwre of tbe Bomnwer's iaterest in the Pcopeity or othea mateiial impairmeat of ,� ��.
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<br /> the liea�cmated by this Seciuity InStrument ar Lendea's secauity interes�Borrowea shall atso be ui default ilF Borrower,during the --
<br /> `�''� , loan applicalion pmces�.Bave mateaially faLse or inacc�aate infaimadon or statemeats to Leader(or fa�ed to provide Lendea with .
<br /> ' any maurial infarmabon)ia connecoioA with the loan evidenced by the Note,including, bm aot limited w, represeatations • ',�-*'
<br /> .r'`� '.: coa�g Borrower's occapancy of the Propeaty as st priacipal residence.If this Security Insuumcut is on a IeasehoId,Boma�wa � ,: ��� � '':�:�-�-:
<br /> _ shall wm with a11 the v�sions of the tase.If Bouower the teaseho2d and the fee dt2e shall � .. -'°
<br /> . PtY Pro uo acquires fee 6tle w the Property,
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<br /> • not mage nntess I.euder agrees to the merger m avridng. _-
<br /> .:; � • 7.Protection of I.ender's Rtg6b ia the Property. If Borrower fa�s m perform the covenanm and agreeme�ts contained in :" ,•,�' .=-
<br /> ' tbis Securiry In�amenb or thae is a 1ega1 procecd�g that may significantly affect Lender's rights in the Property(such as a ' �
<br /> �. . .. procoeding in bankn�ptcy,probate.for condemnation or forfeit�e or w enfa�e laas or regutations),thea�Lender may do and pay J:
<br /> for ahatever is aecessary w protect the value of ihe Propeaty and l.ender's rights�the Property.Lended's actions may inclade � '�-
<br /> ,.1� PaY�S any sams secared by a lien whic6 has priority over tttis SecauIty Instrument,apgearing in covrt,paying reasonable .
<br /> ,. . amomeys'fees and cnteaing on the Property to make repafrs.A[though I.ender may takc acaon under this paragraph 7,Lender . r
<br /> ;,�;�- does not have w do so. � ` , ..
<br /> � My amowits disbursed by Lende�undcr this paragraph 7 shall become addidonai debt of Bortawea se�ed by this Sec�rlry .. �
<br /> ��., Insnument Unles� Borrower and Lender agree to othea terms of payment,these amounts shall bea�r�terest from the date of
<br />. , disbursemcnt at the Notc rate and shall be payabte.with 9ntedest,upan noticc from Lender to Borrower reques�g payment �
<br /> 8.Mortgage Insureace. If l.e�dc�r required mortgago ins�rarsce as a condition of maIring the loan secured by this Security . .
<br /> . • Instrumenb Bormwer shall pay thc premiums reqoired to malntain t1�e mongage insurance in effeCt. If,for any reason,the . � .�.'
<br /> ' mortp,�►ge insu�ance coveaage reqnired by Lender lapses ar ceases to be In effecx,Horrower shall pay the Dreaniums reyuired w . �.. '
<br /> obtain wverage substantially equivalent to the mongage insurance praviously in effect,at a cost substantially eqaivaicni to thc � •
<br /> �. �� cost to Borrowa of the mongage ins�rance previously in effect, from an altemato mongage insurer approved by Len�ea. If �
<br /> �,;� � substantiaUy equivalent mortgage insurance coverage is not avaitable,�onower shall p.ay w l�de�each month a sum eqccal to
<br /> . : _ on�tweffth of tha yearly mortgage insorancc premium being pa}d by Bormwer when the insurartco coverage lapsed or ceased to '
<br /> _. �" be in effect. Lendcr will accept,use and retaln these payments as a loss reserve in lieu of mortgage insurance. Loss resave �
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