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<br /> S. Hnzcird or f'�operty lnaurattcc. 13orrawcr tihall kcep thc impruvcment� now exititing un c�reaRcr crccicd on thc
<br />. . � Pru�xny imurcd u�ainst los� hy lirc. hu�;irdti includcd within thc tcrm "cxtcndcd covcr�Ec" and uny uthcr hu�,uJs. including
<br /> il��i�d�or Ila��ding, fi�r�chich Lxndcr reyuires intiurancc.This insurancc shall hc roaintaincd in thc amuun�ti and far thc peri�xts _
<br /> � , thiit I.ct��lu r.•Nuir�:+. Thc in.uranrc racricr pro�•iding thc insuraiicc shall h�rhatirn hy Aorrrnvcr tiuhject t�� Lcndcr'. .�ppr���-al �
<br /> »t'-%s� which+fiall not bc unreasunably�vithhcld. If Borro�ver faila lu rnaintuin rovcragc dc+cribcd ahovc. l.rndcr may. at C.cndcr's �_
<br /> �- - option,�,n�.a�,«��e��.���<<�p���>u�c��,a��'s right, inthc Property inaccordancc with parugraph 7. __
<br /> AI! in5urance pi�lici��r and renewal,shall be ncceptable to Lender and rhall include u standurd martgt►ge clause. I.ender —
<br /> �•• siiallhave thc right tu h��1d thc poliries anJ rencwals. If I.cnder rcyuires.Bor�owcr shall promFdy givc to Lendcr all rcceipts of �_
<br /> �� �• paid premiums and rene�val notices. In the event of loss.Borrower shall give prompt notice to the insurance cnrrier and Ltnder. __
<br /> �• �', Le�eder n�ay mske proof of lotis if not madc promptly by Borrowcr. --_
<br /> ' Unlcss L.ender and Borrower othenvisc agrcc in writin�,insurance proceeds shaU br applied to restoration or repair of the =
<br />� � Propcny damagcd,if the restoration or repair is cc:onornically feasible and l.ender's security is not lessened. If the restoration or =
<br /> ,---- ' scYair i:a nct:cor.omic�!!; fe��iFlr nr I.end��'s cecurity would be lessened, the insurance proceeds shall be applied to the sums _
<br /> --- ----���'� e��red by this Security Inctnnncnt, whe►hcr or not thcn due. with any excess paid to Barrower. If Borrotiver abandons the e
<br /> � -�• Propeny,or dces not unswer within 30 days a natice from Lender that the insurance canier has offered to settle a claim, then —
<br />,��.
<br /> - • � = Lender may colleet the insue�nce proceeds. Lender may use the proceeds to repair ar restore the Property or to pay sums
<br /> � secur.d by this Securiry Instrument,whether or not then due.The 30-day pericxi will b�gin when the notice is given. -
<br /> - ' Unless l.ender and Bonower athenvise agree in writing, any applicution of proceeds to principal shall not extend or °_
<br /> � postporte the due date of the monthly payments referred to in p:u�agraphs I and 2 or change the amount of the pay�naent�. ►f --
<br /> �,
<br /> -• f,..I..F under paragraph 21 the Propcny is acyuired by Lender.Borrower's right to any insurance policies and proceeds resulting from �'
<br /> d.unagc to the Property prior to the acquisition shall pass to Lender to the extent af the sums secu�•ed by this Sa;urity In�trument ��
<br /> ' ,:�;,. imnxdiately pnar to the acquisitiun.
<br />`,:�;;:;�;;� ` 6.(kcupamcy,Preservatton�M�intena►��x�nd Protection of the FtepeMy;Borrower's 1.oan ApplEcation;Lr.s�seholds.
<br />--�..:.i_...:_;�
<br /> Borrawer shall occupy,establish,nnd usc the Property �s Borruwer's principal residence within sixty days after the execution of _
<br /> ''-a_�i,� t�: this.Security [nstrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> �� �M the J�te of occupancy, unless Lender othenvise agrees in w�itin�,which consent shall not be unreasoi�ably withheld, or unless
<br /> .a%�s'�:!"!�ti. txtenuating circumstances exist which are beyond Borto�ver's contcvl. �?arrower shall not destroy, damage or impair the
<br /> ,-_.,�:-_ .
<br />_ =_:�; Property, allow the Praperty to deteriorate, or commit wa.cte on ihe Fruperiy. BurruwC� �Siaii �,e ii� �EFnillt t�iti�y f:,rf�iiu��
<br /> :��_.,
<br /> '��� actiun or proceeding, whether civil or criminal, is begun that in Lender's goal faith judgment could result in forfeiture of the
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<br /> -._:=.,,p:;,�-• Prap�rty or othenvise materially impair the lien created by t3iis Security lnstrument or Lender's securiry interest. Borrower may _
<br /> _,.��`��.
<br /> __..__.�.�, cusesuch a default and reinstate,as provided in paragraph 13,by causing the action or pmceeding to be dismissed wiYh u ruling
<br /> __-�°�;� that,in Lxnder's good faith dctermination, precludes forfeiture of the Borrower's interest in the Property or othcr material
<br /> ��=�_-_�_-- impairtnent af the lien created by this Security IsutrurrRnt or Lender's securiry interest. Borrower shall also be in default if
<br /> "�'-� Borrower,during the loan application process,gave materially false or inaccurute infotmation or statements to Lender(or failed
<br /> -_-�� to provade Lender with any material information) in connection with the loan evidenced by the Note,including,but not limited —
<br />_�":�=L „i�� to, representations canceming Borrower's occupancy of the Propeny as a principal residence.If this Security Instrume[at is on a
<br /> -- leasehold, Bonower shall comply with all the provisions of the lease. If Bonower acquires fce title to the Properry, the
<br /> �� .��, teasehold and the fee title shall not merge unlcss Le�xler agrees t�the merger in writing.
<br /> -- 7. Protecdon of I.ender's Rights in the Property.If Borcower fails to perform the covenant�and agreements containe�d in
<br /> �-���' this Securiry Instrument,or there is a legal proceeding thnt may significandy affect Lender's rights in the Properly(siuh as a
<br /> "`� praxteciing in bankruptcy,prabate. for condemnation ar forfeiture or to cnforce laws or regulations). then L.ender may do and
<br /> -- --— pay far whatever is necessary to protect the value of tlx Property and Lender's rights in the Property. Lender's actions may
<br /> inelede paying any sun�s secured by a lien which haz priority over this Security Instrument, appearing in court. paying
<br /> ---�_— ceasonable attorneys'fees and entering on the Property to make rcpairs.f�lahough Lende:may take action under this paragraph
<br /> =_- =-- 7, Ler�er does not have to do so.
<br /> ',';.'.�. Any amounu disbursed by Lender under this pa►agraph 7 shu11 become additional debt of Borrower secured by this
<br /> --- — Security Instrument. Unless Borrower ancl Lender agrec to other terms of payment. these amounts shall bear interest from the
<br /> --��'��� date of disbursement at the Note ratc and shall be payable, with[nterest, upon notice from Lender to Borrower requesting
<br /> --,,���, Payment.
<br /> .;:.—;,�� 8. Mortgage Insurance.If Lender required mortgage insur.snce as a condition of making the loan securod by this Securiry
<br /> _,��;�;,;�"`4?�. instmment, Bonower shall pay tt�c premiums required to maintain the mortgage insurance in effect. If, for any reason. the
<br /> __r�`.s��" maegngc insurnnce wvernge required by Lender lapses or ceases ro be in effect,Borrower shall pay r.he premiums required to
<br /> -�`_:_i�4i'n�''Ti•
<br /> ;:..�.�-3.� „ abtain conerage substantially equivalent ro the mortgage insurartce previously in effect, at a cost substantially equivalent to the
<br /> _"-�43-"°� cost�o Borrower of the mortgage insurance previously in effect,from an alternate mortgage insurer approvcd by L.�nder.If
<br /> �'='��••� subsiantially equivalent mortgage insurance coverage is nat available. Borrower shall pay to Lender each month a sum equal to
<br /> ..,. ..:
<br /> '.��::,{c}�ti�#;``;' ' one•twelfth of the yearly mortgage insurance premium being paid by Borco�ver when the insurance coverage lapsod or ceased to _
<br /> . ��;`•�;`F a:'r•�_• be ineffect. Lender will accept,�!se and retain these payme�ts as a loss reserve in lieu of mortgage insurance. I.vss reserve
<br /> -:Y.. �,,,r
<br /> ...�`•. Form 3028 9180
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