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<br /> , „ � 5. Hnzard or Nroperty Insurance. 8nrrower shall kccp the improvcmcntti now exi�ting ur hemuRer crected un the
<br /> • Praperty insured aguinst Ic��s hy firc, hi��ards included within�hc term "extended cover;i�c" ,tnJ any ather hii�ards, including
<br /> i�j floods or flooding, tcir which L.cndcr requires insurancr. This intiurmue shall be maintaincd in the amuunts :ind for thc periods
<br /> that Lcndcr myuirc�. Thc intiur.incc c.vricr pnwiding thc insurancc<h�ill hc rhrn�n hy Borruivcr tiuhj�rt tci l.cndcr', apprrn•al
<br /> �}•+�•� � whirh,hall not bc unrcasanubly withhcld. If Rorruwcr fails tn rnaintuin rcrverugc Jcxribcd abovc, l.cnder nr,iy, at l,endcr's
<br /> • �� ;- option,obtain coveragc to protect L,ender's rights in the Properry i n arrordance�vith paragraph 7.
<br /> ,��'•"�{"°t� All inswance policics und �enewuls shall be acceptable tn Lender and shull inrlude a s�und:�rd iuortguge rlausc. L,ender
<br /> �3"''""���' shall have the right to hold the policics nnd renewals. If L.ender requires,Borrower shall promptly give tu[.e�ndrr all reccipts of
<br /> paiJ premiums and renewal notices. l�i the event of loss. Borrourr shall give prompt notice to the insurance rarricr and l.snder.
<br /> ' � l..cnder may make proof of Icns if not madc promptly by Borrrnscr.
<br /> � � Unless Lender and Borrowr.r othenvise agree in writing,insuronce proceeds shall be applied tn restoration or repair of the
<br /> !A Property damagecl,if the restoration or re.pair is economically feasible and L.ender's security is not lessened. If the restoration or
<br />' �`' repair is not economicully feasib:e or l.ender's securiry wnuld be lessened, the insurAnce procecds shall be applieci to the sums
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<br /> ��!' , '- �� secured by this Securiry Instrument, whether or not then due,with any excess paid to Borrower. If Borrower abandons the
<br /> � ��� Propeny. or does not answer within 30 days a natice from Lender that the insurance carricr has offered to settle a claim, then
<br /> _ ___ Lender may collect the insurance proceeds. I.end e r m a y u s e t h e procecd� ro r e p a i r n� r��r�.� rt,P n...,,A....,.. .� ...,.. ��»;�
<br /> �� secured by this Security Insq�ument,whether or not then due. The 30-day period wiil begin when the notice is given, rM, . . 4
<br /> ,.�r1', . Unless Lender and Bonower otherwise agree in writing, any application of proceeds to principal shall not extend or -
<br /> ��'''`'4 postponc the due date of the mon[hly payments referred to in paragraphs 1 and 2 or change the amount of the paymcnts. If
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<br /> �����' under ara �n h 21 the Pro ert �s ac uired b Lender, Borrower's ri ht to an insurance olicies and roceeds resultin from
<br /> `;", P' S P P Y � 9 Y � Y P p g
<br /> ' damage to the Property prior to the acquisition shall pass to C.ender to the extent of the sums secured by this Security Instrument
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<br /> :iT. immediately prior to the acquisition.
<br /> �;% 6.Uccupancy,Preservation, hluintenance und ProtaEion of the Pra�erty; Borrower's I,oan Appllcation; I.easeholds.
<br />,. ;�f?' �•. Borr�wer shull occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> , this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> . the date c•f occupancy, unless L.ender otherwise a�rees in writing, which co�sent shall not be unreasonAbly�vithheld, or unless
<br /> ::,',:. ,-;• extenuatin� circumstances exist which are beyand Horrower's control. Bonower shall not destroy, damage ar impair the
<br /> P!^`r`�`�i, 3l�C::' ��:C P1�]I:.I:� 20��ti.iiOiolc, ui CuiiuTiii Wtutc ul'i iii'c F�ONc►iy. Iiurcuwcr ��litj� ne in defuuic ii any tortenure
<br /> � �� `°� action or procecding, whether civil or criminal, is begun that in Lender's gaod fuith judgment could result in forfeiture of the
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<br /> �-�' _� � ., Propeny or othenvise materially impair the lien created by this Security Instrument or L.ender's security interest.Banower may
<br /> `�?;,�;v_��;� ': cure such a default and reinstate,as rovidcd in aru ra h lfi. b causin the uction or roceedin to be c�ismissed wlth a ruling
<br /> .x •• P P S P Y S P 6
<br />�;^A,�!��:���: that, in Lender's �ood faith detern�ination, precludes forfeiture of the Barrower's interest in the Propeny or other material
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<br />-';;;,�,,E?��;�;� impAirnient of the lien created by this Security Instrument or Lender's security interest. Horrower shall also be in defuult if
<br />--iii�o����`y'.�:' BoROwer.during the loan applicatiore process,gave materially false or inaccurate informatian or statements to l.ender(or failed
<br /> __=�;_�:��,-� to provide Lender with any mnterial information) in conr.c:ction with the loan evidenced by the Note,including,but not limited
<br />�•..»r'"_=;� to.representations concerning Borrower's accupancy of the Property as a principal residence. If this 3ecuriry Instrument is on a
<br /> �=•���•=���=� leasehold. Borrowe►• shall comply with all the provisions of the lease. If Borrower acquires fee title ro the Property, the
<br /> "'�'�� leasehold and the fee title shall not merge unless i,ender flgrces to the merger in writing.
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<br /> ���_= 7.Protection of Lender's Rights in the Property.If Borrower fails to perfonn the covenants and agreements cont�ined ln
<br /> _——.--__v this Secarity Instrument, or there is a legal proceeding that may significantly affect L.ender's rights in the Property (such as a
<br /> -�-�-;�•;� praceeding in bankruptcy, pro6ate, for condemnation or forfeiture or tv enforce laws or regulations), then Lender may do and
<br /> __--� pay far�vhatever is necessary to protect the value of the 1'roperty nnd Lendcr's rights in the Property. Lender's actions may
<br /> �=�%� include paying any sums secuTed by a lien which has prlority over this Securiry Instrument, uppearing in court, paying
<br /> ;;:�.,� reasonable attorneys'fees and entering on thc Property to make�epairs. Alttiough Lendcr may take uction under this pamgraph
<br />_- -- - 7, Lender does not have to do so.
<br /> ---.:r-�� Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> ----_ - Security Instrument. Unlcss Aornower and L.cnder agree to othcr terms of payment,these utnounts shu3] bear interest from the
<br /> :�� date of disbursement at thE Note rate and shall be payablc, with intcrest, upon notice from Lendcr to Borrower requesting '
<br /> -- �,� Payment.
<br /> _,.,�� 8.Mortgage Insurunce. If Lender required mortgage insurance as a condition of makin�the loan secured by this Security
<br /> -�::��,,,;, Instrument, Borrower shall pay the premiums required to maintain the mortgagc insurance in effect. !f, for any reason, the
<br /> ='t"''•'~'�'`� mort a e insurance covera c r wred b Lcndcr la ses or cesses to be in cffect, Horrower shall a the rcmiums r mred to
<br /> _�.�r;,,?fq s• S 8 S �9 � Y P F Y P �9 � -
<br /> ":.:`-��„!�•;�r;,.°:�, obtain a�verage substantially equivalent to the mortgage insurance prev9ously in effect, at a c:ost substantially equivalent to the
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<br /> ;,;:�?t ,;1:}�'►�` cost to Borrower of the mortgagc insurancc previously in effeq, from an alternate mongage insurer approved by Lcnder. If =
<br /> �-`:�``'��.'r<; substantially equivalent mortgage insurance coverage is not available,Borrower shall pay to L.ender each month a sum equal to -
<br /> _ •; one-twelfth of the yearly mortgage insurance premium being paid by Borro�ver when the insurance covera�e lupsed or ceased to -
<br /> � � be in effect.Lender will accept,use and retain these payments as a loss rescrve in lieu of mortgage insurance. Loss reserve -
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<br /> � �� Form 3028 9190 =
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