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<br /> . S.Hazard or Property Insursnce. Borrower shall gee�p t,he improve�nenta now existmg or hereafter eiected on the Pro�erty . . . �
<br /> ` , insured against to�by fae,har�ds iacluded within the ter�n °e�ded coverage"and aay other haTards, iacluding fioods or .
<br /> tIoodislg,for which Leader reqnire.s instuance.lbis iasutance shaU he maiarained in the amounts and for the periods tl�at Le�der . ` `� `. .�
<br /> , . . _-:_„ retluires.The insu�ance carrier pmviding the insurance shali be chos�by Borrower subject to l.endcr's apyroval which shall nnt -- - ` _
<br /> �. _�, - be nnreasonabiy withheld. If Bormwer fa�s ro mainrain caveiage descdbed ab�vc, Ixudea may,ai Leudei's option,obtam ; -._-._ -
<br /> ; . , � coverage r�protect Leeder's rights in the Pcoperry i�accoMance wiW paragraph 7. , .y , , .
<br /> All insurance polici�a and r�newals shaU be acceptable w I.emder and s6all inctude a staadard mortgage clause.Leader sdall
<br /> � . dave t6e right Lo hofd the policies and reaewals.If l.�dea raqu�es.Boirower sLall PmmPUY pve m Latd�all r�ts of paid • . ", : �.
<br /> pTpminmc�d iCRCw31 IIOt�Ces.in dte event of los�,Bossower shall give prompt notice to dee�aucc c�nier and Leader.tr�dcr _ � � �
<br /> � may malce pmof of loss if noi made pmmp$y by Bmrawer. . :-, . . '
<br /> Udess LQader and Bamnwer otherwise agree m wridng,insuiance pmceads shaIl be appli�to�+eswiati.on or�e�air of the � .� °�:�,�•.�•
<br /> .. � PcopeRy damaged,if the resDaration or repafr is eronomisally feas�;e and Lendes's serauity is noi lesse�ed.If ti��on or .. , . :, �`-�-
<br /> . � , repair i�n+ot economicalty feasbte or I.en�ea's seauity woutd be I�seAed,the insu�ance pmceeds s4all be applied to d�e sams .'� "=,. '-�
<br /> sec�ued by this Secacity 1ns�ument,whether or aot then duc.with any► excess paid to Bmmwer.If Baaowe�r abandons the '�...,,,� ,< ` ',.L,�.-.Y.-
<br /> : Fcogedty.or does aot answe�arithu►30 days a notice�om Leadea that tfle insurance�ha4 offes�ed tn seaIe a claim.the� : �, --
<br /> . _ l.c�aea may co]Iect tne msuQance pmceed.s.Lena�msy use aie gmceeas w r�ir ar re�e the Propersy or m pay sams sec�rea � `
<br /> � by this Sesauity Insuumeat,arhethei or not the�due.The 30�day peaiad w�l Uegjn whea�the nofice is givea. � � . �� -
<br /> � Unless I.eAder and Bosower othelwise agree in wririn8•�Y aPP�cafion of gioceeds to priacipal shall aot extmd ar pasepoae � .
<br /> the due date of the montLlY PaYmeAtg refeired to ia parag�aphs 1 and 2 ar cUange the amount of the payments.If�mder p�agrapL .` ` . � �:'� ��
<br /> 21 the Yropeaty is acqained by Lended,Borrower's rigbt w�►y�a:ance polisries and proceeds resutdng fmm damage to the ::y •
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<br /> � . Fcageaty prior ta the acquisi6on shall pass w I,ender to the e�cteat of the svms seciued by this Sec�ity Ins�ment immediately . . _--
<br /> • ��• prior to the acq�ition. t-�<•,�.�
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<br /> . � 6.Oowpancy.Preservation,Mainteaance an�Pr�otectioa of the ProPertY; Borrower's Y.oan ApptFcatton,Leasehotds. � '.�:�:y
<br /> _ . Bonow�shaii uccupy,esmblish,and nse the Pmpaty a4 Barrower's prmapal r�sidence wirhin sucty days aHea the e�ceattion of �.-��°�;y�
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<br /> tLis Seanrity In.gOiume�t and sLall conmine to occupy the Propeny as Boimwer's principal Rsidence fos at l e a 4 t one year a f t e i t he .... �'�`,`
<br /> date of occap�ry, �mless I.ende,�otheawise agrees in writing, ahich coasent shaU noi be mueasonably withheld,or unless _ �;_.;¢- ._�
<br /> � exteAU,ating cucum�tances exist which are beyond Borrower's control.Bonower shall not de.guoy,damage or impair the Propetty, : . '"a �a{ •�
<br /> allow the Progerty w deterinrate, or commit waste on the P�ope�ty. Botmwe,r shaU be in defanlc if any fwfeiwre actian or �. . . � •,:�=_=
<br /> ` Isroceeding.whether civii or crimmal�is begim tbat ia Leatd�'s good fatth judgment could resWt in forfeiAue of the Pmperty os � �--
<br /> � otherwise matealaIIy impaa the lie,n created by tt�ic Sectuiry Ins�mment or Lende�r's seGUity iat�est Horrower may care such a ; • ��i ,�._'
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<br /> �- defanit and re�state. as provided in pa:agrapn 18,by causing the acaon or pmceediag w 6e discais�witb a rutmg d�at.m ' :��.�:•,��r
<br />', ` . Leuder's gaod faith�on,Preciudes farfeddae of the Barrower's intetest in the Pmge�ty or oiher mateaial impaicment uf :��,�..
<br /> .. ' ttie lie�a created by this SeauIty Ias�unent ar I,e�der's seauity interest Boaowea shaU also 6e m defanit if Horrower,during the � =��
<br /> •• loan application process,gave matECiaIIy faTse or inaccurate infomnarion or state�ents tn Lender(or fa�ed to pmvide L�end�with , '�=�;�_
<br /> � • any material info�on) m conneaion with the loan evidenced by the Note, �cluding, but not limited % repmsentations . �'�-�
<br /> • � conceming Bomnwer's occupaney of the Property as a principal residence.�f thi.s Securiry Inst�ument is on a Ieasehold,Boirower • . .. : .'��_:`��:
<br /> . . shall comply witb afl tAe provLsions of the tease.If Bormwer acqufres fee cnle to the Propeaty,the leasehold and the fee dtie shaU � ���:'
<br /> ' . . � aot meage unless I.endet a�ees w the m�gear in writing. � . .'.',�r:�. .
<br /> . ' 7.Protection o!I.ender's Righfs€n the Properiy. If Bosmwea fa�7s ta perfoan the covenants and agreee�aeats contamed� • , • .
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<br /> this Secauiry Tnstrumenb or there is a tegal proceeding that may signi6qndy affect Lender's rights m the Prope�rty(sucb as a :�f
<br /> pmceeding 1n banlQaptcy,probate,for condemnation or forfeiwre or to enfarce laws or regWations).thear Lender may do aad pay � : �
<br /> ,, ' for whatever is neaessary w yrotect the value of the Propeny and Lender's rights in the Prope,ny.Ler�er's acdons may htclnQe • • .. �� �.�;r,; �
<br /> � paYing any sums secured by a lien ahIch bas prio:ity over this Seaui�ty Instrumeub aPP�g Qs eonrt.PaYing reaSOnable '.. "�:;:;•�-
<br /> � � auomeys' fees and enteafng on the Froperty to make repalrs. Atthough Lender may take acdon under this paragraph 7,J.ender . ,,. '�
<br /> dces not have w do so. �
<br /> , � Any amounts disbwrsed by Lcnder under this paragraph 7 shall become additional debt of Borrower secured by this Seauity � ��.. � . "�
<br /> Inswment Unless Borrower and Lende�agee to oiher tenns of paymenb these amounts shaU bear mterest from the date of ". � , .
<br /> '. disbursement at the Note iate and shatl be payable,with inteaes�upon notice from Lcnder w Hoimwa requesting payment � � . .
<br /> � S.Mortgage Insmance. If Lender required mortgagc rosinance as a condition of making the taan sec�red by this Seciuity • •
<br /> Inswmenl.Bmrower shall pay the premiums required w maintain the mortgage insurance in effect If. for any reason. the , ..
<br /> .'S • mortgage insurance caverage required by Lender laases or ceases w be in effect,Boaowet shaU pay the premiums required to � .
<br /> • obtain wveaage substantiaally equivatent to the mortgage insnrance previousty in eifect,at a cost substantially eqnivatent to the : ..
<br /> � wst w Borrowed of the mortgage insurance prevIously in effect,from an aItemate mortgage insurer approved by Lender. If . • .' � • ..
<br /> substantially eyuiva�ent mortgage insurance coverage is not availabte.Borrower shall pay to Lende�each month a svm equal to
<br /> , one-twelfth of the yearly mortgage insurance premium being paid by Horrower when th�ins�rance coverage lapsed or ceased to
<br /> : be� effecL Lender will accept, use and retain these payments as a!o�resenre in lien of mortgage insurance.Los4 resenre : .
<br /> � � Form 3028 9190
<br /> : � �-8R(NE)(s2�2�.0� vageao�s �nr.�a�s: . •
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