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<br /> . ' S.Ha�ard or Propetty Insivanoe. Ba�wer shall&eep the�mPmveme�ts now e�cistin8 or haeafter�on tlte YroPertY '" �.. '
<br />_" : :�_. ��inse Wss by fire,ha7aals inctuded within the te�m "eatended roveiage"and any other ha�+d.�.mctudmg �oa�s or ,-,�:n;�,,� "`
<br /> . :,�-,-; flood'a�g,far which I.ender re4uires�nsurance.'�S�uance s6a11 be maintai.aed in the amounts and for the peiiads that Lea�dea �� . . � :
<br /> . ., - requaes.The insivance carrier providinB the ins�n��be choseu by Borrower sub,{�ct tn I.endea's approval whic��shaU nat O� �,:�
<br /> ' `�� to maintain coveiage d�ed abovc,I�ender may, at I.emder's option,obtain � � , , -
<br /> be a�casa�ah1Y vri�l�- If Bormwra fals ... _
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<br /> ` � coverage to protect Leadea's rights ia the Pcopercy in aocordance with paragraph�. � . - s
<br /> Atl insnrance policies aad reuewals s6a11 be accePtable to I.ender and shaII include a standard ma:tgage clause.Leuder shall � h, .. '� ��.
<br /> _ . .: have tLe ri�t w ho2d the polic�cs and renewa�s.If Lenda r�•Bosmwer shall prompdy give w L e n d e r all r e ce i q�t�of p a i d � � •,• F�� .
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<br /> � , g r e m i u m s�d r e n e w a l a o ri ce s.T n t h e ev e a t of lo s s,Barmwer shaA give prompt notice w the insurance carrier and I.ender.L.euder Q .
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<br /> may m a k e psoo f o f l oss i f n o t m a d e p m m P t l Y b Y Bamowe�r. � , `,`T;
<br /> . � Unless I�endri�d Boaower othetwise ag�ee iu wrid°S.ms��P�shall be applied tn rest�n or�epaQ o f t h e � . -�_-
<br /> " . .. , `. propeaty damaged,if the resta�tion or repair is e�onomicsllY feas�le aad Leuder's s�y'is aot tessened.If the restaiauon or � :�=�.-
<br />- ' • repaa is not economically fea�le or Lemdds seauit�t woWd be lessened,the insur�ce pmceeds sl�aari 6e applied�t6e su�s ' �;".,_s'>-
<br />- • secaued by dds S�ricY Ins�me�t,whether ar not thea dae,with any excess Paid w Bonower.If B�rower abandons�he •'. ,�'�.-:--
<br /> � propeaty,or does aot answa withia 30 days a norice frofln Lender tbat the insuiance ca�riea hag offered m seule a cLvm.then - ,- - _
<br /> � Ix,nd�may collect the�ance Pioceeds.Leadei maY use the proceedg w repau or restoie the Pcapeaty ar w pay sums se�ued �
<br /> ` . by ttus SeauitY Imtra�e°t,whed►ea ar noi thea dne.7Ue 30�daY Pe�iio�w�1�when the nodce is givcn. e --
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<br /> • • . ` Uatess L�da aad Boaowa otheiwise aS�ee u►a+r►u°S,an►y apPlicauon of psoceeds ru ps,nc�al shail noc excea�d ar pus�on . ' '
<br /> ` .`;�. the dus date of the monthly payments ccfer�ed w ia paiagraphs 1�d 2 or change the amount of the payments.If nnder paraBrapb '�:<;_`.�.-
<br /> . G , . - msnitm fr+ujn damage to the. .. -.. .�--�'
<br /> _ 21 the PraF�Y ��4�bY���Borrower's right w any msu:ance poluaes and praceeds g __ z:�_.
<br /> - Insuument immediatsty - ' �-
<br /> � ' `�• �P�Y P�m the acquisition shall pass w Lender w the extent of the suaes sEC�ued by this Security ,�. r
<br /> ` . � �� prior w the acquisition. � :'',_
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<br /> Maiatenance and ProtecNon o!t the Property: Borrnwer's Loan AppUsation;l.e a s r�o l d s. �: t,-,...,•<<
<br /> . �;; 6.Occapancy,Preservatton, residence aritbin sixty days aft�the exaution of � :;,`''` '�
<br /> . . Borrow�sbaSl accupy.es1ab13sb,and use che Property as Borrower's praiapal �_. .-�T`
<br /> '� . • 'r t h i s S e a u i ty I n s u u m e n t a n d s h a ll c o n t i nue to a c c u p Y t1�e�P�Y�Ba�rowe�'s P��residence for at ieast oae year after the �.;.,i�;
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<br /> m writing,wluch wase�►t shall not be u n r e a s a n a b ly a►i t t�6 e l d,or u n l e s s ��'`;-��,..�
<br /> � date of occupanaY,uWess I.ender otheranse agcees ' ed '. �=�.�r-
<br /> act�uating ci�aunstances exist which are beyond Bamawer's oontroL Borrower shall not destsoy.dama8e or iatpair the Propeatj►, -; :�'�:�'__'', ;.
<br /> . . waste on the PropeRY. Bfltrower sball Ue in defautt if any forfe4aae action or �,,�.. ;'1` '_.
<br /> � . � allow the Pm�cY to det�iosate,ar cammit /� .. - ,',:�-
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<br /> ' praceed�g;ahethe�civ�os criminal,is 1�eSun tLat in Lend�s gaad faith judgment conld resnit m farfeiptte of We Property .,.� ,; �;-::
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<br />,'- : . � otherwise materiallY impair ihe lien created by this Security Insf�ment or I.eude.r's secarity inteaest Barmwea may cure snch a " '.,:7,�°
<br /> , ' � default and reiastate,as provided "m paraSraPb 18,by caosinS the acdton or praceedmg to be dismissed with a niling tt�t.in `
<br /> .. . • Lender's good fait�detecmination,Pieclades forfeimre of the Bmmwer's interest Ia the Property�rs othe�r material impaitmeat of . .. � .�.
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<br /> . �. ' the tiea cceated by this Securiry Insocam�t or Lcndet's seauity uit�rest Horrower shall aLsfl be in defanIt if Bomawea.dtuing the ` :-'-l�;_
<br /> ve materiall fatse or inaccauate infonnation or stateaneats w l.ea�dear(os failed w provide I.eadra wtd� �r,:s,: '��_--�
<br />_ . � ioan apptication process,Sa Y = ,�,,,, `.._�
<br /> 18CO113 Y.' ' /�,a.i]r�
<br /> � any material inforrnafion) in connection with the loan evidencsd hy the Note, includmg,but not lunited to. represea . ,.,,::,• . :;
<br /> ' af the Fropeny as a principal resideace.If this Serauity Insuument is on a leaseho2d,Boimwer ' ��,
<br /> wncariing Borrowea's occug'enc7► � ` '., • _
<br /> �f � witls all the provi5ions of ths leasc.If Borrower acquires fee title to the Property.the Ieasehold and the fee title shali . . �::s`�'
<br />'. �: � � shall complY �==
<br /> : i not merge unless I.e�der a�ees co the marge,r in writing. ..'=�..
<br /> ` 7.Protedioa oY Lendes's Rigbts io the Peoperty. If Bonower fails w p�form the coveaaats and agrean�ts coatained'm . .;
<br /> ` ' this 5ewrity Instrumcatt,os t here is a iegal P r a c e e d i n g t h a t m a Y s��s�d y affe�t Lender's»ghts in the Property(sucb as a , .?4�.
<br /> ;.`� , �` p��ling in banl�upuy,pro6ate,for condemnauon or forfeii�ue or w enforce laws or regalatians),then Lc,nder may do and gaY . . -
<br /> . for wimtever is necessary to protect the value of the Property anci Lender's rights In the PropenY.Lender's aqions may include . -
<br /> � � paying any sums sec�ued by a lien which hag prioriry over this Secwiry Insdument,aPF�B ln coart,DaY�S�nable _ . --
<br /> � . attomeYs' fees and enteaing on 1he PropertY to make repairs.Although Lenda maY take aciion under this paraBraPb 7.Lendea
<br /> � • dces not have w do so. • ..
<br /> . Any amountc disbursed by Lend�under this paragraPh 7 shall bccome additianal debi of Boaower secureA by tltiv Seauity
<br /> � Instrum�t Unless Boaawer and Lea►der agree w other terms of paymen�these amounts shaU bear intaest from�►e date of . .
<br />�;� ; . disbnrsement at the Nous ratc and shall be payable.with interest,upon noticc from Lender w Bonower requesting paymen� :
<br /> . 8.Mortgage Insarance. If Lender required mortgage insurance as a condition off ma►aing the loan secured by this Security , .,:
<br /> '..i • lnsnument,Borrower shall pay ihc prcaniums required to maintain the mortgage insurance in effec�If. for any mason, the ' :
<br /> mortgage insurance coverage required by Lea�d�lapses or ceases w be in effect,Borrower shaU pay the premiums required to
<br /> � obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substandalty equ9vatent to the
<br /> � cost w Borrower of the mortgage insurance previously in effect,from an altcmate mortgage insurer approved by Lender. If .
<br /> ' substantially equiva2ent mortgage insurance coverage is not available,Bomuwer shall pay to 1.ender cach month a sum eqnal w �
<br /> .. ono-twelfth of the yearly mongage insurance premium being paid by Bonower when the insurance coverage lapsed or ceased to .
<br /> . - 6e in effect. Lendcr will ascept, usa and retain these payments as a toss resen+a in tie�of mortgage insurance. Loss reserve
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