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<br /> S. Hu�md ur Nra�xrty I��surnncc. F��,rrowcr shall kccp thc iropr�,vcmcut, na�xisting on c�rcaftrr rrcrtcd un ihc
<br /> ' Property insurcd u�ain,� los,by firr. ha�,ud� incluJcd within�h�icrn►"cxtcnded cuvcriHr"and any utl�cr h:viird�. inriudin�t _
<br /> L•�, tl�u�ds or flaudiug. (nr whicl� l.cndcr rcyuires in.ruranrc:.'I'his insuranrr sl�all h� ieiuintuinr�l in Ihc;unuuntti,�nd fur ihc periiids
<br />:"�"°`; that l.�ndcr rcyuir�s.'�'hc in,urr,nrc c:u•ricr pruviding tlu intiura!�cc�i�all hc chu�cn hy Horr�,wcr�uhjert tu I�:ndrr'..ipprnval
<br /> .���� �+hi�li ,hall nui bc unr�a,unabl}� �cithhcld. 1f� Iiurratiscr L•iil, m cniint:iin r�,vcr:�;r dr,rrihrJ�ihuv,. I.rndrr nr.iy. :n I.rnJcr'y r
<br /> ------,s optiuu, obtaiin:overagc tu prutcct Lci�dcr's ri�;hts in�hc Propertv iunrcarduitcc�vuh par:igrapli 7.
<br /> All insurnnce �xdicie, and renewals shall hc acccptable tu l.end�r und ,hall iurlude a standnrd nwr�gage rlautie. l.t;nder
<br />-.=� sh.dl havc thc right tn hold thc policics und renewuls.lf l.ender requires.Btirrowcr tihall prumptly givc to L,�:nder ull rcccipts of
<br /> •� " • paid premiums aiui renewal noticC�. In the event of losti, Borc��wcr shull give prumpt nolice to tf�c insoranre carrier und Lender.
<br /> •• I.cndcr may makc proof af loss if not madc promptly by Borrowcr.
<br /> • Unlcss L,c:ndcr and Borro�ver othcn�lise ugree in+vriting.insur�ncc prcxe�iv tihall be:Applied tu reswration ur rep�ir of thc _
<br /> '}���t•` Propeny damagecl, if the restoration or rcpair is economicnlly fe��siblc and l.ender's security is not Icssened. If the restor.�tion or
<br /> �;��-::: ,
<br />:'�t:i•'.:;. repair is not economically feasible or Lender's securiry would b�� I¢s.sened, die insurance praeeds shall be applied tu the sums
<br /> �� secured by this Security Instrument, whethcr or not tl�sn due, �vith tiny exress paid to Barrawer. lf Bo�ower abandons the
<br />_�,•,�_�r�� Property,or does not answer within 30 days a notice f"rom l,end�:r tliat the insurance canier ha�offen�l ta setNe a claim,then
<br /> - L.cuder may collci.tl-« insu�nce proc��is. i.ender u�uy u�c tt�e p�ax:u�� to repuir or restore thc �'coF.^.rty ot Io p:ty sum;
<br />.;,;�r}, ' securecl by this Security Instruinent,whether or not then due. The 30-day period will begin when the notice is given.
<br /> Unless Lender and iiorrawer othenvise agree in writing, any �pplicatiou uf pr�x;eeds to principal shsll not cztend ar -
<br />';y„fi� postpone the due date of tha monthly payments referred to in paragraphs I und 2 or changc chc umount uf the payments. If
<br />'���f;��-a±�� under pstragraph 21 thz Propeery is ucquired by Lender, Borcower's right to any insurunce policies and proceeds resulting from
<br /> =-s'`a.r7di1
<br /> - d:unage to the Property prior to the acquisition sh:ill pass to Lender to the extent of the sums secured by this Securiry Instrument
<br /> x�n' immedisttely prior to the acquisition. _
<br /> ''''� 6�.�aupancy,Preservatlon,Malntenance and Protection of the Property;Borrawer's Loun�ppltcation;I,w�,.�holds. °
<br /> Borru►1�r shull accupy, establish.and use the Propeny as Borroa•er's principal residence within sixcy days ufter the exr�ution of
<br />__—__ — • this Securiry Instniment and shull continue to occupy the Property es Borrower's principal residence for at least one year after
<br /> �_ the date of occupa.ncy, unless Lender othenvise agrees in writing.which consent shall not be unreasonably withheld,or unless
<br /> �_ extenu:�ting circumsta�ces exist which are beyored Borrowcr's contral. Borrower shall not destroy, damage or impair the
<br /> "°`� '� Pmpe�7:,allow the Property to deteriorate, or commit waste on ihe Property. Borro�ver shall be in ¢efault if uriy farfeiture
<br /> �'°.�`?_ �--'_ a a � 'c'•. P
<br />,v,� actioa mr proceeding, �vha[i�er civii or crimin:si,i� ooguu t;�.�t i,i L2i�uc�a gwu S�d1iF j13ug"iilCiu :;,a.� rrNuli in ta.,e:.«;°.c. Lt:e
<br />...�_� Praperty or otherwa�e matcrit�lly impair the lien cr¢�ted by this Security Instrument or Lender's security interest. Borrower may
<br /> • cure such a defat�9rt am:�reinstnto,as provided 3n p�xagraph 18,by causin�the action or proceeding to l�e diso�issed with a ruling
<br /> that, ia Lender's �,00�l faith determination, prec9�tdes forfeiture ot thc Barrowcr's interest in the Pivp.rty or other material
<br /> impa�QCrians of the li�n cmaittxl by this Security Instrument or L.endea's security interest. Horrower shall also be in d¢fuult if
<br /> ---�-- • Borraw�er,during¢Mc laan applkmeion process,gavc nuitcriaily falseor inaccuratc inforcnation or statements to l.ender(or fuilcd
<br /> to provide Lender.• �vitli any m�tarial information)in connection with thc loan evidenced by the Note, including. but not limited
<br /> — to,representations croncemin�Bnrrower's occupancy of tfie Property as a principal residence.If this Se¢uriry Instrument is on a
<br /> � leasehold, Borrower shall comply with all thc provisions of thc lease. If Borro�vcr acquices fee title to the Property, the
<br /> ' leasehold ar.d the fee titla shall nnt merge unless Lendcr agrecs to the merger in writing.
<br /> 7.Protectlon of Lender's itight�in the Property.If Borrower fails to perform the covenants nnd agrcements contained in _
<br /> this Se�urity Instn►ment,or th�rC is n legnl proceedin� thnt muy significandy affect Lender's rights in the Properly (such ns a
<br /> proceeding in bankTUptcy. pmbr.te, for condemnation or forfeiture or to enforce lav+s or regulations). then Lender may do m�d
<br /> . pay for whatever is nacessary to protcct the valuc uf thc Property nnd l.ender's rigt�ts in the P�nperty. Lender's actions may
<br /> includc paying any sums so:umd by a lien which has priorit�over this Security Instrument, t�ppenring in court. paying -
<br />- • . rc.�sanable attorneys'fees ao:1 enre�ing on the Property to nt�ak�e repaics.Although Lender r�nny tafce aetion under this p�uagraph
<br /> 7.Lzndtr docs not dave to do so.
<br /> ��;,'S Any amounts diFburseci by Lender under this paragraph 7 shall become additional debt of Bonower secured by this
<br /> ;,ti;:�; Socurity Instrum�nt,EJnless Borrower and Lcnder agrec to other tenns of payment,these amounts shatl bear interest from the
<br /> � dute �f disbursement at thc Note ratc and s9�a11 be payable, with inccrcst, upon notice from I.tnder to Borrowcr rcyuesting
<br /> . , p�yment.
<br /> '.:;. �8.Mott�{age Insurnnce.If Lender requimd mortgage insurance as u condition of making the Ioan secured by this Securiry
<br /> Instrument. Dornowcr shall pay the premiums required to maintain the cr�ongnge insurance in effect. !f, for any reason, the
<br /> • mortguge insurance coveruge rcqniral by Lender lapses or ceases�o be in effect. Borrower shall pay tfie premlums required to
<br /> oba�in covsr�ge substantiully equivalent to the mortgage insurnnce previously in effect,at a cost substnntially equivalent to thc
<br /> ---- cost to Borrowcr of the mongage insurance prr.viously in effect,from an alternate mortgage insurcr approved by Lcnder. If
<br /> —"-� substantially equivalent murt�age insurance coverage is not avnilable. Bonower shull�ay 4o Lender cach month a s:+m�qunl to
<br /> --- . one-twelfth of the yearly mortgage insurance pn:e►*imm beinII paid by Borrower when the insurance covera�e lapsed or ceased to
<br /> - bc in effect. Lender will accept,use and retain th�s�p�yntent3 as a loss resetve in licu of mortgage insusance. Loss resetvc
<br /> --- Form 3029 9I80
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