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<br /> . . the unpmvements now existing or hereafter erecced on the `, .
<br /> � S. �rd dr PtopeT�Y Easa�'��' Borrower shall keep � . .
<br /> • ' �nsured against toss by fite. ha7arrls included w����sh�1 �ma�"�nra�ede m che unounu an�d fo�r��g 4 `, . .
<br /> ` ' ' �pe�' . ..�
<br /> `, tloods or t lo o d i ng.for w b i c h L e n d e r r e q u i r e s i a s o r a n c e- ` `;
<br /> �"'r: tbat 1.$nder requires.The insurauce cazriec pmviding the insurance shall be chosea by B orrower su b j e c t[o I.E n d e r's a p p r o v a l __ _
<br /> " —'�` wi t h h e l d. I f B o n o v u e r f a i l s[o maimain coverd$e desct�bed above. Lender may. at Lender's
<br /> _ �.� `� which shall not be unreas o n a b l y in accordance with paragraph 7. . �
<br /> � ` option,obtain coverage to protecc Lendei�s rights in the ProPertY
<br /> • . ° p��;��,�ra.,cE policies and renewals�be�P�DIe to Leuder and shall include a standard mortgage clause. l.ender
<br /> . ' ',.(� shall have the right to hold the policies and reneN+als.�1�der requires.Borrower sha11 prom�tly Sri'e to Lender all receipts of . - ,..
<br />"� � � . • ( P�F�ums and renewai notioes.In the event of loss,B�wer.��&ve pmmpt notice to the insutance carrier and Lender. . i' r<;
<br /> ' • - . ��i Lender may m a k e Proo f o f l o s s i f n o t m a d e p r o m p d y b y B o ra��be app li e d to r e s w r a ri o n o r r e p a i r o f t h e � ; � • �
<br /> ' ��-? Unless L,ender and Borrower otheraris�agtee in writinS.insurance P �not tessened.If the restoration or , �=
<br /> o `^.
<br /> PraPertl+damaS�.if the zestoration or repair is eoonomically feasible and Lender's seaui�ceeds shall be applied to the sums , ---
<br /> repair is not economicaUy feasible or Lxnder's security wonld be lessened,the insur'en P _
<br /> � secured by this Secvrit3+ Insuumenc, wheiher or not then due, with any excess paid to Borrower. If Horrower abandons the ., ._
<br />_ ,.., < -�-----
<br /> prope�rtY,or does not answer withia 30 ciays a uotice from Lender that the wsuran�o'�rrr t�to�re�the rP�oPertY or to 1paY�sums .
<br /> '� C1 use the roceeds ta reP
<br /> � .r Lender may collect the insurance proceeds. Lender may P =
<br /> ° eriod will begin wflea the notice is given. .��.
<br /> secared bY this Security Insuu�en�whether or not thea due.'fhe 30-day p � � not excend or : .�_-__ .
<br /> � Unless i.ender and Borrower otherwise agree in writing, anY aPPUcasion of pmceEds to PrinciP ,
<br /> ents.lfunder :. ,,:_�•��-
<br /> _ postgone the due date of the monihly PaYm��referred to u►paragraphs 1 and 2 or change the amou�of the paym ��—_� -
<br /> . ;.,=;�f y� b I.eader, Bonower's right to any insurmce policies and pmceeds resulting from
<br /> . P�STaPh 21 the Property � �9� y to I.ender to the extent of the sums secured bY th�s Secutity Instrument -.
<br /> :. damage w the PropertY Prior to the acquisition shaU pass ,
<br /> � ' � immediately prior to the acquisitioa Dorrower's I.oan AppllcatIon;Leaseholds.
<br /> `L' ' da s after che executioa of `=� �-=�-:
<br /> � � ;. �.p�p�ncy,pceservatlon,Maintwance and Prot�ower'princip��idence witbin sixty Y —
<br /> . . , `.` ' establish aad use the Froperty �
<br /> � . . Bomower shall occupy, � as Borrower's principal resideace for at least one year after _ .;r.LL''
<br /> � � ' � this Securiry Insuument and shall continue to oc,cupY the Pra'P�Y i�-.�,'.
<br /> _ the date of occupanc5+.unless Lender otherwise agrees in writing,wluch consent shall not be unreasonably withheld,or untess � .�.�_--
<br /> �ircumstances exist which are beyond Borrower's control. Borrower shall not de.suoy, damaSe or unpair the V..�-�
<br /> ' extenuating gorrower sha11 be in default if any forfeiture ��� _,_._
<br /> � ' _ Property,allow the PropatY to deteriorate.or commit waste on the Pcoperty �;r___-
<br />-�.`' ' action or pmceeding, whether civil or criminal.is begun�t��der's good faith judgment could resulc in forfeiture of the ^:�,: ,..- -
<br /> Property or othenvise m a te r i a ll y i m p a i r t 1 i e li e n c r e a t e d b Y this Securitl+���or Lender's security interest.Boaower may ;;.-y`-�
<br /> � cure such a default and reinstate,as provided in paragraPH 18,by causing the acaon or proceeding co be d i s m i s s e d w i t h a r u l i n g .,•�
<br /> `' • that. in Lender's good faitb dete�mina�ion,precludes forfeiture of the Borrower's interesc i�tI►e PcaPertY pT odier material
<br /> Insuument or Lender's security interest. Borrower sha11 also be in default if � :.3 `'-_,;�
<br /> '; �- impairment of the lien cceated by this Se�urity '`.;'�._
<br /> ��,' Borrower,during the loan application proceu,gave materially false or inaccurai¢information or statements to Lender(or failed
<br /> •"'_��':
<br /> � . � co provide Lender arith azry material information)in connecu'poino with�a princ pal residence.If tb s S necuriry Insbtnunent i on a .. .��,�:'
<br /> ' . . to,representations conceming Borrower's occupancy of P nY . .�:y,_
<br /> •�� • leasehold. Bonower shall comply with a11 the provisions of the lease. If Borrower acquires fee titte to the Property. the
<br /> ;:,. -- — -�._
<br /> - . -, �;j leasehold aad the fee citle shall not merge uuless Lender iP,��rrower�i gw y�r�r�s►th:.co1 enants and agreements contained in -__
<br /> 7.P roterxion o�Lender's Right�ia t6e Proy�ertY• :^�-
<br /> . . this Sec�rity Insuament,or there is a legal proceeding that may signi f ican tl y a f f e c t L e n der's ri g hts in the Property(such as a ;!e ��:
<br /> � . , ptaceeding in bankruptcY.Piabate,for cond e m n a t i o n o r f o t f e i t u r e o r to enforce lawa os regulations),then��des�ons may �`
<br /> • pay for whatever is necess a r Y t o p r o t e c t t h e v a l u e o f the Pro pe r t y and Lender's rights iA the Property• :it,'.,--_
<br /> an sums secured by a lien which has prioriry over this Secnriry Instnrment, appearing i t► c o u rt, p a y i n g � ��i;:--•
<br /> ' , ..`• .. inciude paying Y ..
<br /> �'`� • �. • reasonable attomeys'fees an d en te r i n g o n t h e P r o p e r t y to make r e pairs.Atthough 1.�nder may take action under this pazagraph
<br /> � 7,I.ender does not have to do so. � ' � �
<br /> : .� pny amounu disbursed by �ad� � nde�is ��o other terms ofepayment�t�ese amountsf shall bear interes�from the
<br /> :` � Security Inswment. Unless Borrower and Le agr � �
<br /> ��'°� ' � date of disbursement at the Note rate and shall be payable. with interest.upon noticc from Lcnder to Borrower requesting
<br /> ' . . payment. .
<br /> . 8.Mortgage Insurance.If I.ender required mortgage insurance as a coa�ition of malcing t1►e loan se:used by this Security
<br /> .�'°; �� Instrument. Borrower shall paY ��b�Lend�lapses or ceases to be i effect Borrowesball pay the p eomiums ceq �n�r�d to '
<br /> � m o rt g a g e i n s u r a n c e c o v e r a g e r e q Y u i v a l e n t to the
<br /> '` � � � obtain coverage substantially equ,e�u��e�ously n�effeetE from{an�alt mate mortgage sinsurer aPP oved by Lender. If �.
<br /> � cost to Borrower of the mortgag P
<br /> . •• i� � substantially equivalent mortgage insurance wverage is not available.Bonower shall pay to l.ender each month a sum equal to ,
<br /> ' one-twelfth of the year�y mortgage insurance premium being paid by Borrower when the insurance coverage laps�:d or ceased to
<br /> � , • be in effeci. Lender will accept•nse and retain these payments as a loss reserve in lieu of mortgage insuran Form 3o2reserve�
<br /> .. � . vepo 3 of B imt�ab�� �. .
<br /> • �0 681NE1 is»�i o+ .
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