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<br /> � ` - : 5.Ha7ard or Pro�erty Iasaranoe. Boimwer shall keep the improvemwts now existueg ar heieaftrr�on the Propezty .
<br /> • •' ! �agamst loss by fi�6a�ards included within the tram °extended aoveiage and any othea bar�rds.includmg IIaods or ° . "
<br /> , � � tlood'mg,f�wlud�Leader requues ins�ranoe.'ILis ins�aace shaU be ma�ined in the amo�mts and for the peaiads tbat LEader ' , ,
<br /> . , : ° ; mqaues.'Ihe ias�uanoe caaier providing the insivance sLaU be chosen by Bmmwer subject m Le,nder's appmval whicb shall nnt �q
<br /> - ' be �mreasonably wiihheld. If Bo�rawer fa15 tn maintain oove:age descn'bed above, Lender may, at I,eader's option, obtain � _ .
<br /> � � ��' _�. s :-•� _ '
<br /> - -- :- -�-- taveragC L�psotcct I.e�ud�'s rig�is ia t#ie PioFerty in acCOrd2nCe Rith patagtaph 7. � --:- - _.- ---
<br /> � . ' � � � A11�aance policies and reaewals s6aII be acceptable to L�der and st�all inclade a standard mortgage clause.Lemder shall : :F�
<br /> , , have the ri g h t w dnld the policies and tenewals.If Lender requires,Bolmwer shaII promPBY give w Lender aII receiPts of paid�
<br /> • pse�niums and reaea+al aotices.In the eveai of 1oss.Boaower st�aIt give prompt notice to the ins�rance carrier and leuder.Lendear� . .
<br /> ... may ma�pmof of ioss if uot made promptiy isy Bo:mwea. --. .
<br /> ' . Untess Leader and Bortower otherwise agrce iu vmting,�ce Rroceeds sha116e a�plied to resw�ation ot m�aa of the� . � � -��
<br /> p r o p e n y damaged,if the�storation ar repair is economically feasible and Lendds securiry is not less�ed.If the restoratioa or� _X�=_..
<br /> iepair is not economically feac�le or Lead�r's s�i�r arould be lesse�ed,the ins�ce p s n c e e d s s 6 a ll U e app li e d t o t h e�m s • `�:
<br /> . , se�ued by this Sewrity Insnumeat,whether or noi thea� dne.wiih any eaccss paid to Bormwer. �f Borrower abandons t&e '-;_�.;`�-�
<br /> • Pmpeity,ar does not answea avitbin 30 days a notice from L�endea that die ms�aance r,arri�6as off�xtl m s�tte s claim,the� ,- -_�-_
<br /> - ' - 1.eQdea may collect t�msmaace groceeds.I.endea may use the pioceeds to repa�or restore the Pcupeaty or w pay sums secared " `Y �: .
<br /> ' by this Security Tnstrume,n�whether os not th�n c►ue.'Ibe 30-day peiiod wU begin whea the notice is gacan. '
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<br /> • - UWess Le.nder and Borrower othelwise agr�in wriaing,any agplira6on of pmceeds m principal sE�ari not eatra�d or postpoae .
<br /> � ` tbe due date of the montWY PaYm�ts refared w in paragraphs 1�cd 2 ar change t1►e amo�mt of the payments.If ande,r paiagrapb �� `•`�---
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<br /> . 21 the propesty is acquaed hy Lender.Borrowec's right to�y insuraace policies�d proceeds resvIimg fmm damage tn the ` a�
<br /> _ , ... - �P�Y Pnor ro the acquisition shall pass t9 Iendea tn the extent of the smns sec�ed by this SecArity Tnstrument�mmP�;arPly ' ;`-�.;�-,�,�__
<br /> . prias w dte asquitition. _: '3
<br /> • 6.Occapancy,Preservatioa,Mamtenance and Frotecttun of the ProPerty'3 Borrower's Loan Applt�stion;Lease�olds. . �� �.;�:,�:.=
<br /> � . Bormwer sLall occapy,estabtid.s.and ase the Pmpeny a�Bmmwer's principal residence within sixty days aft�the execation of � �.'C:s:�;_'�_
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<br /> . . � this Seciuitq�asRume�t and s�coaliuue w oceupy the Property as Bomnwea's grincipai msidatce far ai 1�st one,year aft�dte ;�;�•._.,��'�-:��;
<br /> ' date of accapansy,unless Le�dea othetwise agr�es in wriring. wttich conseni shall not be iuueasonably a+ithheZd,or tmless • '`'> .;,v.��:.
<br /> �oatnng ciraimstances exist whicb are beyaa�l Hormwer's cuauol.Borrower shari not desuoy.damage os impair the Fropeaty, : ..�;�,;;:.`
<br /> � ` aIlow the Pmpertyr ro deteaiorate,or commi�wagte on the Avpeity. Barmwea shall be in defaalt i�au}+forfeittue er�tion or `,�,:'.:: . a�;;,�:,
<br /> .. proc�ding,whether civil or criminal.is 6egun that in I.e�der's gaad faith jodgmeat coWd msult m foifeibue of the Prop�ty or ••�,r?-::".' �r�'-=_:
<br /> ` t:,,�. '_
<br /> �Y otheazvise matraialJy irnpas cfir�lim c�earrd by this Security Ingm�ment or Leaider's security interest.Bormwer�ay ca�e s�cb a ,; . . . .. ..,
<br /> � defanit and remnate,as pravided in paragraph 18,by causmg the action or praceeding ro 6e dismi.ssed witb a r�liag thai,in ' . .�:', "
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<br /> � � � • :f Lender's good f�th detelminauon.Preclades forfeiwre of the Borrower's mtaest in the Paope�ty or other material impaument af �'=���,r;•
<br /> - . . � the lie,n created by this Sec�ity Inswment or Lender's security interest Bonower shall also be in default ff Borrower,daang the . . ��:; ` s_
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<br /> _ . loan apptirat�an pracess.gave matertally faLse or inaccurase iaformation or stateme.nts to Laeder(or fa�ed w provide Le�der witb , �:�-�.
<br /> `•�``i any marerial uifarmation) in wnnecaon with the loan evidenced by the Note. includ'mg,but not limited m, represenmtions - �-----
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<br /> conceaning Bomowa's occapancy of the Prop�ty as a prtncipal residence.If this Se�uriry Instrument is on a teaseho2d.Bmmw� '�.�.
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<br /> -. shall comply with all the provi,ians o f t he tease.I f Bomnwer acquires fee t i t l e t o t h e P r o p a ty,t h e l e a s e h o l d a a d t h e f e e d d e shall . .�r-�;:
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<br /> . �� not merge untess I.enderagces to the mergei in wri6mg. „ ''-°`-^
<br /> . • � 7.Protec�ton of Lender's Rig6ts in We Property. If Bmrower fa�s w perfonn the cove�anis�d agreements contanued in _ _ ���
<br /> -� � - thi4 Secanrity Iastnuneat,or there is a legal praceeding that may significantly affect Lender's rightv in the Property{svch as a --_�=.--'"'�-_r,.-
<br /> �.� . '. � praceeding in bankruptcy.probats.for condenwaaon or forfciaue or to enforce laws or regWations),tAen Lendea may do and pay � ,�„;.
<br /> - . for whauwer is necessary w pmtect the value of We Propeaiy and Leitdea's rights�the Property.I.cnded's actions may include . ..
<br /> . PaY�B �Y � scc�ucd by a tiea wdich has priarity over tUis Security Instrumen�aPDearing tn caurt.Paying reasonablz . : �
<br /> . � suomeys' fees and entcaing on the Pro�Ry w make repairs.Althongh Lender may take action under this paia�rdph 9,Lend�s . . .
<br /> . � � does not have m do so. � ".`� ::
<br /> . • My amonnts disbursed by Lender under this pa�graph 7 shall became additional debt of Boaower secureA by this Seauity
<br /> Insaamen� Unless Bonowea and Lender agcee to other teans of paymen6 these amounts shall bear inteiest from the date of
<br /> disbursement at the Note rate and shall bc payabte.with intErest,upon modce from Latdea w Borrower requesdn8 paymenL �
<br /> 8.Mortgage Insarance. If Lender required mflrtgage insivance as a condition of making the laan sectued by this Seciuity � , ' :.
<br /> ' � L�strumen�Bonower shall pay the premiums required tn maintairi tho mortgage insivance in effect. If,for any reason,the � .
<br /> 1 ,: ' mmt�Se insuiance coverage cequired by Lende,r lapses or ceases to be in effect„Bomnwer shall pay the premiwns required to ' �, � � -.
<br /> obtain covcrage svbstantiatly equivatent to the mortgage instuancc prcviously in effec�at a cost snbstantially equivalent to the ..
<br /> • cost to Borrower of the mortgage iasnrance previously in effect, from an altc�nate mortgage insurer approved by I.eader. If '
<br /> substantially equivalent mortgage insurance coverage is not available,Borrower shall pay to Lenda eacA month a sum eqnal to '
<br /> '': � an�iwelfth of the yearly mmt�age insurance prcmium being paid by Borrower when thc insurance coverage lapsed or ceased w . .
<br /> " • be in effect Lender will accept,usc and retain these paymcnu as a loss reserve in Iicu of mongage insurance.Loss reserve �
<br /> � Form 8028 9190 • '
<br /> . �-eR(NE)te2�2�.0� vage a oi e imn�te: .. .
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