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<br /> S.fla�ard or Prope�rty Insa�no� Bormwer s6al1 keeP the imProvements nnw eais6ng on c�reafter on P�P�Y ` .�`:
<br /> �� ' ms�ed against Ioss by fffe, ha�ds inclnded arithia the teim "extended ouveaaga" and any oth�har�rds.includia8 fiaods or . , �}_r
<br /> ins� . '
<br />_'� s ' � flanding,for whic6 Leader r�ires insu�ance.TUis insurance shall be maintaiaed'm the amoants and for the periods thaz Lrender :�'��,,,,,�.:
<br /> . , ' �_.� �1�s,11ie i�surance cairier proriding the ias�rance st�a11 be chasen by Borrower subject tn L�ender's appmval a6ich sball twt �.
<br /> , :, �- :� be un�a.som�Iy withheld. If Baimwe�fa�.c to mainsain wvaage d� above, Lender may,ai Lendear's option.obtam �
<br /> covera�e m protect Leuder's rights in the Propeaty m acoordance with paragtapb 7. ��,..� '
<br /> Ail imvrance poticies and teuewals shall 6e acceptable w Lender and sball incfude a standard mart�age c�ause.Leadea sha11 .:� a
<br /> ! � 6ave ihe right w hoId the palicies and reneava}s.If Lendca ieq�es.Boaawer s6all Pm�PUY Sn+e to L.endea atl receipts of paid . :
<br /> �i . . -• .
<br /> _ . ' pre�ms and reuewat noti�s In the evea►t of Wss.Boaowes shaII give pmn►Pt no�e to the iasivaace casri�r and I�ender.I.r�der `.+,�`:.
<br /> �� may make p�oofof toss ifnot u,aae promp�Jy by B�cawer. ., � ,
<br /> ;�. . ,. Un�Lender and Bosrower otheiwise ap�ee m wraing,insivance pmceeds shall be appli�w restn�ation or repair of the ::. �_ ��.� , .
<br />.;.` ` : �P�Y�S�if the icstoration or repair is economicaUy feas�le and Leader's security is not tcsssened.If the ressosa�i+on ar -. : � , ,,�:,.�V`.
<br /> f; �. r�air is aot economicallY feasiblc or Lruder's secudty wanld be tes�ed.the ins�rance pmceeds shall be applied to the sums ,��,•�,°,'�. : :_;�.�
<br /> '� sec�ned by t6is Sec�ity Instrumeat, whetha or not then dne,wuh aay exr.ess paid to So�nw�If Bonower abandons d►e _
<br /> W1IIl '�"t r i
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<br /> ,�;:. . Pivperty,or daes noi answea withia 30 days a notscce fmm Ix�der that the�uance caraer has offaed to seule a claun,tt� : .,� -.-_ ---
<br /> ; • � Lender maY collect the insuraace pmc�eds.Ler►der may�the pmceeds w�epaior or r�the Pmperty or w PaY su�s�� _
<br /> ..�.: : by this Seauity Insuument,whetha ar not thm dne.'The 30-0ay peciod w�l begim whw the notice is giveo. :' ,"��;
<br /> ;i% ; , � Untess I.e�der and Boaow�otheivvise a�ee in writing anY aPPlication of pmceeds tn princlpal shall aut exteud or poslpone �;•,.�:s::��_:;.::.—�
<br /> the dne daie flf the monthlY PaFments ref�ced w in g��'dpbs 1 and 2 or c6ange the amount of ihe paymeuts.If under paragiapb —
<br />:?a. � ., � 21 tY�Prope+rty is acquired by I.ender,Bosmwca's right to any ms�aance policies and proceeds resulung fmm dama8e ta the __ —___
<br /> i� ; Rupearty priar w the acquisiti�on sGail pass to L.euder w the actent of the sUms secured by ihis Seauity Instn�ment immediately ----_ __
<br /> �', prior w the acquisision. - -
<br /> �� 6.Oocnpancy,Presesvatlo�,Maimtenanoe snd I'rotect[on of We Praperty3 Borrower's Loan Ap�licatkn;I.easehotds. z;,�••-'
<br /> •Y . .. Boaower shall occupy,establish,and use the Pmperiy as Borrow�'s prinapal res�dence within sixtY days aftec the execution of <<•:> �:_
<br /> �: , .
<br /> . �� , ihis Sermiry Insuament and shaD continue w ocsupy the PropatY a4 Bormwer's prmcipai residence far at Ieast one year aft�the `�`'..��; _
<br /> ��{; date of occupancY,uatess Let�da othelwiss agrees in writing, which consent shall aot be�mre�asona6ly withheld, or unless =_—
<br /> wis
<br /> ex�enuating cua�msrances eaist which a�e beyond Bormwer's canuol.Borrower s6all not desuoy,darna8e or i�paic the property. , __—
<br /> altow the P m r p e rt 9 to deteriorate,or cammit waste oa ttie Pcoperty. Borrower shari 6e in defadt if any forfeiaure action or �
<br /> � ' proceed�g,whether civD or aiminal,is began tl�at in Lend�'s good faith judgment canW resalt in forfeimae of the Prapeny or .. • ' , ; -
<br /> . . otherwise materiall y impair the lien created by this Secarity Iasawn�t or I.eada's seaaity in�Barrower may cure snch a , '�.: �-
<br /> default and reiastate.as Pravided in patagaph 18. by c�udn8 the ac�on or p r o c e e d i ag w be d i s n i s�e d w i t h a n il i n g t h a t,i n , _ -
<br /> ' Lender's good faith deter�ninadon,Precludes forfeiwre of ti�e Borrowea's iateaest in the Yropeicy or other material iml�c�nt of . . ;';"_�
<br /> � � . the lien c�eated by this Securit�►I�s�ument or l.ca�der's securitY intearest.Borrower st�aU atso be in defa�lt if Bmrower.during the , .. °'"'`,
<br /> , '� loan application process,gave mateaially faLse or inaccuraLe informadon or statemeats w Lender(or failed to pmvide Lender a+ith . . .�-;i_
<br /> ! . any matpia] infom�adon) in connection with the Ioan evidenced by the Note,incIuding, but not IimitEd w. representations � .. . ^:,�
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<br /> � ` � wnccaaing Borrower's occapancy of the Proparty as a pr�cipal residence.IC this Securiry Instrumert is on a lea�ehold.Borrower . ��
<br /> ' perry,the leasehold and the fee tide shall �� �
<br /> • . shall comply with all the provisions of the lease.If Hoirowcr acquices fee titte w the Pro :�_„_
<br /> � not merge unless L,endca agcees to the merger in writing. .. :_
<br /> • • 7.P r o t c c t f on ot Lcuder's Y d i ghts tn the Property. If Borrower faiLs to perform the covenants and agreema►ts contained in z;.
<br />.� . . ' � thiy Security Instrumen6 or thero is a legal proceeding tl�at may sigaificandy affect Lender's rights in t he P r oPeriY (sac 6 as a . . :.�,�
<br /> .., '�_.
<br /> - '; J procoeding iu baNwptcy,probate,for condemnaflon or fo:feiaue or to enforce laws or regularions).then Lender may do and pay : -,.
<br /> fm�vhate�,er i�a�e�ary to protect the vatue of the Property and I.ender's rights�n the Property.Lender's acaons may include
<br /> PaY�� �Y � secaued by a lien which has priority over this �ecurity Insuumenb aPP��g i� caurt, DaYing reasonable � �•
<br /> � attnmeys' fees and entering on the Property to make repairs.Althovgh Lender may take acaon under this pa�aph T,I.et�d� .; � , �
<br /> ��` does not have to do so. �'
<br /> . .. � My amaunts disb�used by Lender under this paragraph 7 shaU become addi6onal debt of Boaowe.r secured by this Security � :
<br /> , � Insuumen� Uniess Borrower and L.ender agree to other tecros of paymen6 these amonnts shaU bear lntescst irom the date o�' .
<br /> � 1 disbursement a�the Note rate and shall be payable,with inteaest.Won nadce from Lend�tn Barrower requesting paymen�
<br /> . . 1 8.Mortgage Ins�raace. If Lender required mortgage insurance as a condiaon of making the loan secured by this Security
<br /> � Instrument, Borrower shall pay thc prcmiums rcquired w maintain the mortgege insurance in effe�t If, for any rcason, the . ..
<br /> � � � mortgage insurance coveraBc re4uired by Lender lapses or ccases to be in effect,Botrower shall pay the premiums requlred to � . .
<br /> ' i obtain coverage substantially equivalent to the mortgage insu�sce yreviously in eff�xt,at a cost substantially equivalent w the
<br /> cost to Somower of the mottgage insurance previously in effect, from an altemate mortgage insurer approved by Lender.If ,
<br /> . � � . _� . .
<br /> substantially equivalcnt mortgage inswance covetage i�not available,Borrower shall pay w Latder each month a sum equal w
<br /> on�twelith of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> ; be in effec� Lender witl accept,use and retain these payments as a toss reserve in lieu of mortgage insurance. Loss reserve
<br /> � Form II028 9190 �
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