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<br /> . � .. ��t- . .5. Fazard or Praperty Insm'auce- Bormwer shall keep the improvem� nocv exisdng or heieafter ere�ed on the� ,�: : , . ,
<br /> �P�Y�aS�t loss by fue.hazards iarluded wltt�In tfie tecm`extended ooverage and aay other barards,iaciuding .� , � � �s•.
<br /> ' - , ��'�``� flaods or 8aoding,for which Lender cequires insivance.'l�is ingurance shall be maintained in the amouats and for the perIads � .���'. -. .i
<br /> • . � . • t h a t I�n d e r r e q u i r e s. The insutanr�carrlee pmviding the iasvrance s�all be�osen by Bormwer snbject to Lemder's appmval� . . �
<br /> � _� which shall not be unreasoaably witHheld. If Borrower fa�s to maintain ooveiage described above.Lender maY,at L,e n d e r's� ' �. . `
<br /> . � opdon,obtain ooverage to p r a t e c t Leader's�i g h t s in the PropertY ia accordance with paragcaph?. � : , ,�• ,,•` .
<br /> ; � A ll iusurance P o l i c i e s a n d r e n e a►a l s sball be a x e ptable w L�der and shall inciude a standazd mortgage clause. Lender� �. � .
<br /> . . . -� i �h a 1 1 h a v e t h e ri g ht to hold the p olic�es and r�earals.If I�eader�quires,Boaawer shall piampdy g�ve to L�nder all reoeipts of '�s ' ' . : .
<br /> . , h �j� ' -
<br /> . . j paid p�miums and renewal aotices.In the event of loss,Bomower s h a ll give promp t ao ri ce t o t h e i n s u r a a o e c a r r i e r a n d L E n d e r.� . ,
<br /> . , 1 PhAAT may maise Pmof o f lass i f not m a de pro m P t l Y t►Y B o i m w e r. �
<br /> ` =-' � Untess I.ender an�Soaower otbe�a+ise agree in writing,insarance Pmoeeds shall be applied to restoration or regair of the '- �
<br /> . ' ' �P�Y�8�,if the resto�atioa or repair is economically feas�2e aad Lender's security is not tessened.If tfle resto�atioa or - , 4..
<br /> '. 1. �: repafir is not ecunomically feasible or I�der's secarity woWd be tesseaed,the insu�ance Pl+nceeds shall be applied w the sums . .
<br /> � � secuted by this Securiry Insuument. whether or not thea dne,with anY excess Paid to Borrower.If Boriawer abaaduns the , �
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<br /> ' �- Raperty,or does not answer within 30 days a notIce from Lender that the iaswrauce cazrier has offered w settte a claim,then
<br /> ' . Leader mal► collect the insvranc�pmceeds. Lender may use the proceeds to repair or restore the Property or ro pay sams ,
<br /> ' ' • • saured bY this S�urity Ins�ment.wh�her or aot thea due.The 30-day perlod arill begin when the notice�not extend or �
<br /> iJWess Lsnder and Bormwer otheiwise agree ia writing, anl' aPP�c�on of ptaceeds w pr1�P ,;,__,
<br /> • postpone the due date of the monthtY Paymeats Ieferr�d to in paragrapbs 1 and 2 or ch�ge We�t of the paym�is- Vr , __�r'�
<br /> , �n►der Pa�agcaPh 21 the Prapercy is acqaired bY Lender•B°n°w�'S�w aay insuiance polic�es and pmceeds r�vltIng from .:i .°
<br /> ;•; fn
<br /> � •'-� damage w the Prcoertv prior tn the acquisition sball pass to Lender w the exteat of ttte sams secure�iry this Securiry Tns�me� . ' �.�<_' -
<br /> • .� �y�`:. immediately prior to me acqais,.ion. , .. .
<br /> '`�'' 6.Oocupancy,Preservatioa,Nlatnteaanoe and Pmtectton of the Property,Borrowca's Loan ApPltc�tiun+Le�seho2ds. . --
<br /> ' Bonower sball accapy,establish,and use the Property as Bormwer's principal tesidence within sixtY daYs aRer the e�[ecutioa of -:-F`�,
<br /> this Se�atY Iostrument and shall oontinue w accupy the Fmpecry as Boaower's principal msidenix for ai least one yezs after � . �
<br /> � ' ---�- the da�of oaxcpancy,unless Lender othezwise agc�ees ia wiitmg,whicL consent shall not be uaieasoaably withhetd,or�ess `:r;�..
<br /> e or air the '�<;.;�.
<br /> - . � - �uating cimumgtaaces exist wluch are beyoad Boirowes's con�ml. Borrower sh2U not d�uoy, damag �P � .,. .:. .� �------
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<br />. . pmPerty+,altow the Property to deteriorate,or oom3ut waste on the Property. Borrower shall be ia def�lt ig azry forfeitnie —__
<br /> �`"� acaon or pmceeding.whether civil or criminal.is begaa that in Lender's gaod faith judgment cuuld resutt in forFeittne of the :.. _
<br /> � .. �. . :-�' �P�Y or otherwise matcrially impair the lien created by this SecurIty Tnstrument or I.ender's security interest. Botrawer may _�
<br /> . , . - cure suci�a default�d reinstate.as provided ia paragraph 18,bY causing the acdon or pmceediag w be dismissed with a niliag ;��e�
<br /> � that, ia l.e.nder's goad faith determinat�on, Preclndes forfeimre of the Bormwds interest ia the ProPeriY or other materIal � ��
<br />- _ � impairment of the lien cieated b3►this SeattitS+ InstNment or Lxnder's s�ur�y intecest. Bosrower shall also be in defauIt if �•"�%�'
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<br /> '`��� Bonower,fiuing the toan appllcation pmc�esa,gave�nates3aljY faLse or�infosmazioa or statements to Lender(ar fa�ed
<br /> , W Pmvide Lender wItb a�+material mfo:maiion)in connect�on with the loan evidenced bY ttrt Note.iactadiag.but ne!limited __
<br /> . ' to,zePresentations canceming Borrower's occupancy of the Propeny as a princ�pal residence.If this Security tnaer�me�is on a °----
<br /> leascd�old. Bo:rower shall comply wit6 a11 the pmvisions of the lease. If Borrower acquires fee titte to the Property. t1�e ' :;.��.�.
<br /> �• teasehotd aad the fee titie shall not merge unless lender agrees w the merger ia writing. . '`�'_„-�
<br /> � : 9.P�aat¢ction of I.euder's Ri�bts in the Propesty.If Bomawer fails to perfosm the covenants�d agreements cantained in :?:�:
<br /> . .. � .. .;:_ this Security Iasnument,or there is a legal pmceeding that may signifrcantty affect Leader's rights ia the PmperiY(su�as a ;-`:�=r:_
<br /> � ' . proceeding in banlnupuy,probate,for condenwation or forfeiture or to enforce laws or rcgulations),then Ixader may do and .:;��`��c�`___
<br /> ; . PaY for whatever is n�sarY to Pmtest the value of the Pmperty aad Lender's rights in the PropertY.Lendes's acHons may , �...,..: ?�'<—__-
<br /> iactude Paying Ew3► snms secured by a Ifen which has priority over this Security in �m t, aPPeazing ia oomt. PaY�S . �e,.'::
<br /> _ . reasonable attomeys'fees and entering on the Pcoperry w waYe repalzs.Althougl�Lender may take aaion uadez this paragraPb '.;:.���
<br /> .. Sa,--
<br />- � 7,Lxader does not bave w do so. � �- -
<br /> � pny amonnts disbuised by Leader under this paragraph 7 shaU become addidonal debt of Borrower serarcd bY this , '.:,�;,
<br /> � Securiry Insaument. llnless Borrower and Lender agee to other terms of payment,these amounts shaU bear interest from the , : �,�,.,,�
<br /> - date of disbu:sement as the Note rate and shall be payable, wlth inter�st,upon notice from Lender to Boirower se�uesdng .., ,..
<br /> , PaYmeat• � "�•'...
<br /> � • S.Mostgage Insurence.If Lender required mortgage insurance as a condition of making the loan secvred by this SecurIty . .
<br /> � � lnsuument, Borrower shall pay the premiums required to maintain the mortgage insurance In effect. IY, for any reason, the :'�,�^
<br /> � mortgage insurance coverage required by Lender lapses or ceases to be in effect.Boaower shall pa}+the Premiums required to . . . =
<br /> • obtain coverage substandally equivalent to the mortgage insurance previous�y;n effecx,az a cost substantia]ly equivalent to the � .�>
<br /> ��' . wst to Borrower of the mortgage insurance previously in effect.from an alternate mortgage insurer appmved by Ixnder. If . ,- .
<br /> substantiz2ly equivatent mortgage insnrance wverage is not available,Boaower shaU pay to Lender each month a sum eqnal tu
<br /> � one-twelfth of the yearly mortgage insurancc premiwn being paid by Borrower when the in.surance covenge Isipsed or ceased to ..
<br /> �I�� be in effect.Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurancc. 1.oss reserve .
<br /> . , Form 80 190 •
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