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<br /> � 5:H�rd or Property Insarance. Borcawer s6aD ke�thc impmvcmeats aow exis6ng or d�eae�ted on the Prope�2y . `�-� .�'t.
<br /> , �.� ' ins�ared aga�nst loss by f�re.ha�ds included withiu tlice team"exteaded ooveiage"and any other ha�ard4.includiag tloods or � , `
<br /> � � - :� Roo d i n g�for whicD LenCed reqoues uisurance.This insvrance shall be maintauied'm the amounts and far[he periads that Leuder � . ,
<br /> . . . �q�,y,��„c�,.ar�P�provid�g the�uaace s h a ll b e c t tassa by B d i m wer su b j e c t W I.e u d e t's a�r o v a l w h i c b s h a ll n o t � • ,.: :., ..
<br /> ., .-� be uarFasonably withhetd. If Boirower fails w maintain coverage descn'bed above. Lender may. ai Leader's optinn. obtain � . .� . .
<br /> ` ,- ' ' _ cov�e w protect I.ender's rights in the Propeny in accordance with para�aph 7. � � , ° _ ,
<br /> - - Al!iauuance poli�sas and m�ewats shaU be soceptab2e to Lender and shall mcbude a standard mongage clavse.Lend�shall � � .`
<br /> , . _. 6ave the righi w hold dte policies and renewals.If Lender requires,Boaowea s6a1!promptly give to Lender all receipu of paid � .. , . • �
<br /> ''�.... �-.-�
<br /> _ � ` pcemiums and�eewal nodces.In the eveat of toss.Borrower shall give prompt norice tn the insuiance ca�rier aad Leader.Leada �� . '
<br /> ' " may make praof of ioss if noi made pmmpdy by Bomawer. , ,�.
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<br /> � .. Untess Leader aad Bomnwar otheiwise ag�ee in writiag,ms�uant�a Pmceeds sha11 be aPPlied tn r�oa or�r of the � .... - ,t ..
<br /> . Progrrty daa�aged,if the mswratian or repair is eoonomicalty feas�'bie and Leaded's s�auitY is not less�ed.If the reswsatioa or . , .. . ,
<br /> � repair is aot economically f�le or L�ada's se�urity would be Iessened,the insurance pmceeds shali be applied w the sums :.:t^_-
<br /> � . � secuced by ttis Security Instrumea►t,whether m not theo due.whh any excess pacd m Bomnwer. If Bormwer abandons the , .`. �_..,f:,";,:."_:;
<br /> . � Pcopaty,or does not aasa+ea within 30 days a notice fmm Leader tt�at the insurance cffirier bas offeled w seute a c1ffim.then , • +� .
<br /> . . Leudea may ooliect the insaiance pmceEds.l.endea maY nse the pmceeds to repair ar restore the F'mgeaty or to pay sums secmred . - __
<br /> " � = 6y this Sec�ity Insuument,whether or not then dne.T6e 30-day peauiod w�l hegm when the notue is gn+ea. ` `..
<br /> � , '' Unless L�endear and Bortower othetwise agree in writmg,aaY aAPl�an of p m o e e d s to p r i n c i p a l s d a ri n n t e x t e a d or p o s i p o n e . `��.
<br /> � : �.. �,; ents refened w in pa�agraphs 1 and 2 or cl�ge the amount of the payme,nts.If under parag�aph �h --
<br />- . the due date of the monthlY PaY�
<br /> . Y 21 ttie Propeaty is acquired by I.ende,r,Boaower's rigbt w any insmance policies and pmceeds resultm�from damage to the �_ _ . ''`,;�:-:
<br /> . . � �Y I�or m the asquisitinn shaU pass W L.endea ro the extent of the snms sec�ced by thiS Security Instrament immediately � �"-
<br />`.a , . ... _ ��
<br /> ' ',� prior to the acqnisition. ----- �<:'�-�
<br /> • ` .. � 6.Oearpaacy Pre�ervatfi�.Maintenaace and ProledIon of We Property: Borrower's Loan Applicatton;Leasehotds. �`�`�',�,-
<br /> ' .�� Boimwa sha11 occupy,estabtish.and ase the Pmperty as Boirower's principal�esideace wilhin sixty days afta the execauon of y�.�.:�
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<br /> this Sesauiry Iasuumwt�d shall continue w occupy t he P m p e s t y as�orrow e�s prin c i p a l s e s d e a i c e f o r a t l e a s t o n e y e a r a f t a t h e . ;� ;:,,--- '
<br /> . ., . � �� � g 1 withhe or ualess , '� '`"�;:
<br /> ' dare of a ,unles4 Lendea oth�wise a in writir► . wluc�cansent shall not be um�sonab Y 1d, ,: ' .. _°_��.��.:
<br /> ,.-� ea�te.naating cinvmstances exist wlricb are beyond Bonower's contioL Bomnwea sha11 nat destroy,damaSe or imPair ihe P�OPertY+ ��r�� . =:?� :
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<br /> . aitow the Piopaty to deteaioiate,or commit waste on the Pmperty.Boaawea shaU be in default if m►y farfeihue acaon ar :� :, �n_
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<br /> ' ..,� proceeding,whether civ�or crupinal,is begim fhat in Lender's good faith jndgment could re,s�It in fo:feituce of the Piopeaty or • ,:. ��,', -`��, '
<br /> `:� oth�wise a4ateriallY m�Pair the fi�created bg diis Seauity insuumeat or Leadar's se�rity ID�st B�rrower may care sucb a . .�::..- .;::.;�-�
<br /> �, defanit and re�nstate,as provided in paragraph 18,by causing the action er proceeding ro 6e�with a ruliag that. m ... �
<br /> 4 LeAder's gaod faitb deteamination,precludes forfeiwce of the Borrower's�t irm the Ymperty or othea matraial imqanrmeat of '��-
<br /> _ � 1 the lien caeatr,d by this Security�ent or Lenda's seauity intaest.Honower shall aiso be in default if Bomower,dnring the '.,; "' ''vr' :
<br /> .' . 1 108D S�liqtlOA j11�OCCSS.gave materially false or u�acauate infom►acion or statemca�ts w Lender(or faled w�SOVide iender witb �;;"'.' ?�,
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<br /> � ` any marerial infamiation) in connecdon witb the Ioan evideaced by the Note.includiug,but not limited w, repre.se�mtions �` t .. ..- ;��,'_
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<br /> � 'F canceming Bormwer's occnpancy of the Progeaty as a principal residence.If tLis Sewriry InsOnime�t is on a IeasehoId,Botmwer '�:,:*::�_
<br /> '� i s6aU compty with all the pravisions c�f the teas�.If Borrow�acquires fee title w the Pmp�aty,the Ieaseho2d and ttie fee title shall � �":.
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<br /> ' � not�ge unless Lemder ag�ees w the merger in writing. �_ � ..�",.:•.
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<br /> � , l 7.Protectton of Lender's Rights fn the Property. If Bonower fa�s co perform the covenants and agreements contained in �:'��,.
<br /> ` ` this Security fnstrument,or there is a lega{Procecding that maY siSnificandy affect I.ender's righB b►the Property(such as a :�-::;�-_.
<br />� proceeding in bariluupuy,probaro.for conde�cnadon or forfeiwre or w enfo�e laws or segularions),chen Lender may do end pay :���g
<br /> Por ahateves is ncccssasy w pzotect the value of the Yrogerty and Lenda's rights in the Property.Lc,ndca's actions may include .,._.__-s,,.
<br /> � � � .._::',�. b a lien which has ov� this Se�auity Insuumen�aPPeaiing in conrt.Pal►ing reasonable � . - �, - _
<br /> :.:.;; �'2 D a Y m B a n y s u m s s e c u t e d y F�m N :
<br /> � � ' '� aunmeys'fees and ente�ring an the property Lo make repairs.Although I.ende.r may take aaion undea this paragrap h 7.L e n dea :
<br /> does noi have to do so.
<br /> I Any amounts disbursed by Leaidea unde,r this paragraph 7 shall become addiflonal debt of Botrower secored by fhis Securiry � ' �.. �• ..
<br /> Le
<br /> . 1 InsuumenL Un2ess Bomuwea and Lender agree to other teams of payment,these amounts shall be�in�erest from the date of . . , . .. � �.
<br /> i disbursement at the Not�rate and sUall be Dayabte,with�terest,npon nodce from Lender to Boraawer requestiag paymenL . . ..�"
<br /> j 8.Mortgage Insarance. If Lender required mortgage insurance as a condidon of makiag We lnan sec�ued by th�s Sec�uiry
<br /> Instrument, Brnrower shall pay ihe premiums required to maintain the mortgage Insurancc in effea. lf,fos any reason, the .
<br /> • ' mortgage msatancc covcrage required by Lenda 1aDses or ceascs tn be in effec�Borrower shaU pay the premivass required to ' � .
<br /> � � obtain coverage substantially equivalent w the mortgage insurance previously in effect.at a cost substantiaUy equivalent w tha ' ' .
<br /> � ; ' cost w Borrower of the mortgagc insurance previously in effect, &om an a1tLm�ate mortgage insurer appmved by Lendea. If • . : ' . _
<br /> substantialiy equivatent martgst�e insurance coverage is not availablc.Borrowcr sha11 pay to Lender cach month a sum cqnal to ' �: :"`� ` , .
<br /> •�. ` one�twelfth of thc yeazly mortgage insurance premium being paid by Borrower when the ins�rance coverage Iapsed or ceased w � . :.
<br /> • , . ( be in effect.Leader aiil accep�.use and retain these payments as a Ioss reserve in lieu of mortgage insutance.Loss reserve �
<br /> � Form 5028 9l90 " . . '
<br /> ,. I Inttiala: •
<br /> . � �-BR�NE7is2�21.0+ �a003018 • .
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