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<br /> � 5.Ha�ard ar Pcoperty Iusurance. Borrower shall keEp the improveraents aow existing or he�eafter crected on the 1'roperty � �
<br /> insured'against loss by fue,ha7ards included wit�in the tetm "exteaded coveatige" and any other ha�ards,including floods or � .. �_"
<br /> � flooding.for which Lender requires insurance.'lhis ins�uance shall be maintained in the amounts and far the periods tbat L.ender , ' ` '-
<br /> requirrs.Tbe insurance c�rrier providing the insurance shall be chosen by Borrower subject eo Lender's approval which shaIl not �•� �
<br /> � � be unreasonably arithheld. If Borrower fails w maintain coverage described above, Leuder may, at Lender's option, obtain t -- - - -_ F�--
<br />. • cov�age w protect I.e�der's rights in the Pro�rty in accordance with paragtap9�7. ( �
<br /> All insucance goficies and renewaLs shall be asceptable tn Iznder and shall umclude a standard mortgage clas�se.Lender shall � �
<br /> have the right to hald the policies and renewals.If Lender requires,Borrower shall promptly give w Lender zi�receipts of paid f ,.` . _
<br /> preaxiiums and renewal no6ces.ln the event of loss,Bouowea shall give prompt norice to the u�.surance carrier��I.ender.Lea�dea I '
<br /> may make proof of loss if not made P��P�Y by BorroRer. _- --- --.���`-i= �.'
<br /> Unless I.��and Bmzower othenrs�5,^�a vaiding,ins�uance proceeds shall be apptied ta ress�:�::�a or regaQ of the � - , ::--�--''',
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<br /> E';operty d�aged,if die�stnration or r��c is ewi�m�caUy feasble and Lendea's se�rity is noi lessetied.If the resWraiion or . �
<br /> . repair is not econamicaDy feasible or Lend�r's security would be lesseaed,ttne insivance proceeds shall be applied tn the sums � . "`�^�_
<br /> s�enred by this Seauity Instrument, whether or not then due, with any eaccess paid to Borrower. If Borrower abandons the � •
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<br /> Praperty,or does aot answer withu►30 days a norice from La�der that ihe insurance carrier has offeaed to setile a claim,then � � ;� �;;,�_`;:;; _
<br /> Lendea may collect the insurance proceeds.Lender may use the proceeds to repair or restore tGe Property or to pay sums secured . ..�...,�. "�:
<br /> by this Seciaity Instrument,whether or not then due.'[he 30-day pe�iod will begia when tfle notice is given. � ._ " . .�.,.�•-
<br /> Unless Lender and Borrower otherwise agree in writing,any applicsttion of proceeds m principal shall nat extend or postpone ' . , �':�
<br /> the due date of the manthly payments refc�red w in paragraphs 1 and 2 or changc thc amount oi the payment�.If under paragraph ' • • �,� _.
<br /> ' 21 ths Pro ts .. " .`�•
<br /> paty ' acquired by Lender. Borrower's right w any insuraltce poticies and proceeds resulting tmm damage to Ihc . .� -.,
<br /> 'i Propepty prior tn the ncquisition shaU pass to Lander to the extcnt of the sums sccured by�his Scc�uity Instrwnent immediately �, • !: � �''g::_�.
<br /> ,� prior tn Ihc ar.quisiuon. . � . . • ,�
<br /> 6.Occupaacy�Preservation,Mafntenance and Protectt�a ot the Property; Uorrawer's Loan Applkatlon;Leaseholdv. • � . �
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<br /> . -� Botr�wrr sGaU occupy.cstablish.and use It►e Properiy av 8onower's principal residence with9n s'vcty days after the eaecution oi . '�' -�' "
<br /> this Securiry Instrument and shall wntinae to axupy the Pmperty as Borrower's principal residence for at least one year after the ;. " � '
<br /> date of occupancy, unless Lender otherwise agrees in writing, which conseut shall not be uareasonably arithhetd, or uNesg '' i �
<br /> extcnnating circumstances eaist which are 6eyond Borrower's conuoL Botrow�shall not destroy,damage or impair the Property, • • '� ° ` `
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<br /> _ altow the Property tn dete�iorate, or comrnit waste on the Property. Borrowea sdaU 6e u►defauit if any forfeiture action or � � . ��
<br /> proceeding,whether civil or crimu�al,is began that in Leader's good faith judgment cauid result in forfeiUue of the Propea�y or . � .�•� r :
<br /> otherwise materially impair the lie.n created by this Security Insmiment or Lendea's security interest Borrow�may cure svc6 a ���.�� ,�y� , �
<br /> default and reinstate.a4 provided in parag�aph 18, by causing the action or proceed�g to be alismissed a+itb a niling that,in �,� �
<br /> Lender's good faittt deteaminadon,prectudes forfeiture of the Bosmw�'s inte�st�the Pro . .;�:�;�:
<br /> perty or other material unp�airment of
<br /> the liw cresoed by this Se�ity Tnsnvraent or I.eatder's security interest Barrower shall aLso be u�default if Bomnw�,during the _.- -- �
<br /> loan appticatinn procesg,gave mateiially false or inaccurare mformation or statements w Lenda(oi failed w grovitle I.end�with ' '`��; ;,:� ,
<br /> � a n y m a t e r i a l u i f o i m a t i o n) i n c o n n a q i o n w i t h t h e l o a n e v i d e n c e d b y t h e N o t e, i n c l u d i n�, b u 2 n o t l i m i t e d t n, r e p r e s e�t a ti o a s ; ,
<br /> wnceanin Borrawer's • ��-
<br /> g occupancy of the Prapeny as a principal residence.If this Security Insm�*_�t is on a leasehold,Borrowea ��- ..'•'�'—
<br /> shatl comply with atl the ptovisions of the lease.If Boirower acquires fee tide to dt$Property.the Prrasehold au��e fee�tle shall , . '' : •;•.
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<br /> � not mage�mless Lender agrees to the merger u�writing. : -..._
<br /> 7.Protection of I.ender's Right�m 3�e Properiy. If Borrowea fails w perfonn We coven��cs and agreements conta�ed in �`r'-
<br /> this Sec�ity Listrumen4 or there is a G�.s�P��B��Y �caudy affect Lender's r6�t�in the prapeaty(such as a .'.? :�, . ,,,c �- -
<br /> proceeding ia bantwptcy.pzobate,for condemnadon or forfeiwre or tn enforce laws or regWatians),then Leadea may do and pay . ,,,=,�:.
<br /> for whacevea is n�yr to pmtect the value of the Pmp�cy and Lender's rights in the Pnopectyr.Lend�ra�8 8CZ101L4 Rl'd}/IlICII{�(S . ; ""._-:r—��
<br /> PaYmB any sums secured by a lien which has priority over this Secwity InsdnunenL aPP�n�� court.PaYing reasonable }"��4::• -
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<br /> aunmeys' fees and�ttering on the Pra�ty tn make repairs.Although I.endea may take action und�this paragraph 7.L.eader �-�`�.
<br /> dces aot have to do so. �. �. �
<br /> Any amounts disbursed by Lenda unda this paragraph 7 shall become addifional debt of Boaowea secured by this Security .,
<br /> Inswment Un2ess Borrower and Lender agree w mther terms of payme�nt,these amounts shaU bear interest from the date of � � � ;"� y:�
<br /> disbursement ai the Norc rate aud sd�all be payable,wit�interest,upon notice from Lender to Borrow�requestinng payment � � � .
<br /> S.Mortgage Insurance. ff Lender required mortgage ins�uz�xe as a condidon of mahir►g the loan sec�ued by this Security ! , �
<br /> Instniment, Batrowra shaU a the z�iums r uued to ma'v�tam the m � � � � �-�-
<br /> p Y C W � ortgage insurance cn effect If,for any reason, the � ��
<br /> mongage m��*Ance cove�age required by Lender lapses or ceases w be in effect.Borrower shall pay the pm,rniums re,�uired co .
<br /> obta� cov�age subs�ntially equivalent to 1he mortgage insurance previously in effect,at a cost snbstantiaUy eq�ivalent to the �'
<br /> cost to Bmmwer of the mortgage insurance previously in effect,from an alteinate mortgage insurea approved by Lender. If � � .
<br /> svbstandally equivalent mortgage insuiar►ce coveiage is not available,Botrower shall pay to I.ended each month a svm equal to � �
<br /> on�tavelhh of the yearly mortgage insurance premium being paid by Bosowea when the insurance coveaage lapsed or ceased tn . —
<br /> be in effect Le�dea will accept, ase and retain these payments as a loss reserve in lieu of mortgage insnrance.Loss reserve • —
<br /> � �-BR�NE)I�ziz�.o� aa �3 of B Form 3028 9100 � --
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