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<br /> � • 5. I�wt�ard or Property Ir.�ursnce. Dorrawer ehnll kcep thc linprovemente now cxiRting ++n c�renfter erected on the � � , --',.��-
<br /> Prape��ty insurcd n�idnst Inss by firc, hnu!rde Includcd wi�hln ti�o t�rm cx�cndcd ci�vcrogu" nnd v�y oAicn c�►�arcl�, including '
<br /> . �loods or floodinp, for wh►cl� l.c�ider requires Insurancc. 71�1e Insurcmcc RUnll 1►e n�nlntadncA in Ihc nniounts nitc! foe thc periudn �� __,_ _-
<br /> IIIAI I.CII(ICi fC(]UI(CA. �P�IC I119Q�(IIICC C(li��Cr�fOVIdID$lhL' ifl9UiS111CC BIII111 UC CIIU9CI1 1)y f]vIfUWC( eiiiiji�i i"u�w:nuii�o��7ji��i�o� -,
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<br /> which sbnll nor be unrensonn6l wfthheld. If Barrowcr faita to ma'sntain caverage da�crit�ed nbove. Lender mny, nt l.ender'F �:. __ .._ _.__.., .
<br /> opdan,obtain saverage to protcct l.�nder's righta in du Propeny In accordance witl�paragruph%. .�-
<br /> All inattrznce pol�ciea und renewals slinll Ue acceptable to Lender su�d shall include u stand�rd mort�age clnus�. 1.encler •
<br /> shall havc tlie right to hold thc poHcies and renewals. if l.endcr requires, eorrower ehull pro�nptly givc to l.endcr alt rcceipts of . . <�a�_
<br /> puid pre►niun�s and renewal notices. In the event of loss,Bormwer shnll give prompt notice to the insurance ca►�rler nnd l.ender. _ ,_
<br /> Lender may make proof of loss if nat made promptly by Bortawer. �,���
<br /> ,:.�,:,.�c, Unless Lender and Borrower otlterwise agree in v�riting,insurance proceeds shall be applied to restoration or repair of the �
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<br /> .•:,�;,;".;.� Property damaged, if the restoration or repair is e.conomically feasible and Lender's sccuriry is not less�ned.If the restorntion ot . .. : _ _
<br /> . . repair is not economically feasible or Lender's s�urlty would be lessenad,the insuran�;e pro�eeds shall be applie�cl to the sums =
<br /> � '�� secured by this Securlry Insuument, whether or nut then due, w[th any excess gaid to Borrower. If Borrower abnndons the . .
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<br /> � ia�`.• Properry, ar doP,s not answer within 30 days a notfce from Lender that the insurance carrier has offered to settle a claim, then , : ,,1•,:•:�,�,.r
<br /> ' I.ender may callect the insurance proceeds. Lender may use the pmceeds to repair or restore the Pro�pertl� or to pay sums ���{��;r;,,,-�,��__�__
<br /> ' � secured by this Securlty Instrument,whether or not thea due.The 3Q-day period will begin when t�e nodce is given. ��,�;�r:�;u,_.-_��
<br /> � � ' Unless L.ender and Borrower otherwise agrea in writing, anY applicatlon of proceeds to princlpal shall not extend or �;•. ?�, ;T_—_
<br /> t postponc the due clate of the monthly payments refened to in p�ragraphs 1 and 2 or change the amount of the payments. If �.; ..<<,.:::s__
<br /> . ._� . .. _
<br /> • C under paragraph 21 the Property is acquired by Lender, Bonower's right to any insurance policles and proceeda resultin�from ;i{`,�,:;---
<br /> damage to�he Properry prior to the acqidsition shall pass to Lender to the estent of the sums secured by this Security Instrume.nt r,e���a,,;'�=::_ -
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<br /> immediately prior to the acquisiuon. ������� � -
<br /> ' 6.Ocsupancy,Preservadon,Maintenance und Protection of the Property; Borrower's Luan Applic.ation;Le�seholds. �;r,µ_�;,�
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<br /> • Borrower shall occupy,establish,and use the�Property as Boaower's principal residence within sixty days after the execution of ,��; ,
<br /> . thls Security Insuument and shall continue to oceupy the Property as Borrower's principal residence for at least one year after �.��i_�.. —�;__
<br /> .� the date of occupancy, nnless Lender otherwise agrees in writing, which conseat shall not be unreasonably witWield, or unless °-- q�;.-
<br /> '•'. ;�� extenuating circumstances exist which are beyond Borrower's canuol. H�rrower shrJl not destroy, daa�age or impair the �f,, ,,�;�
<br /> .-�I:�:';'�."•� Property. allow the Propercy to deterlorate, or commit waste on the Propertp. Boaower shall be w default if any forfeiture ,•._
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<br /> ��� :����.�' action or proceeding, whether civil or cdminal,is begun tbat in Lender's good faith,judgment wuld result in forfeiture of the �f�,;,�:�
<br /> �•��"�'��" ' '."�. ' property or othenvise materially im»air the lien created by this Securtry L►stniment or Leudei's seczariry intere.gt.Borrower may ��
<br /> ;..;;;�•;:�... cure such a default and reinstate,ns provided in paragraph 18, by causing the action or proceeding to be dismis3ed with a ruling :-
<br /> ` i�',•. �•� th1t. in Lender's good faith determinauon, precludes forfeiture of the Borrower's interest in the Property or other matcrial , � ';-
<br />_ ,,, S?;.��.T�•� impair�nent of the lien createa by this Security In�iruui��,i vi ;x�uti�'s oxur:� 3at�rrs*.. E�rr^wP*RheU also be iu d�iauli If ���`t�■
<br /> '�•��•' '' Bonower,during the loan applicatioa prceess,gave materlally false ar inaccurate informadon or stutemeats to Irnder(or failed U',
<br />-: � to provtde Lender wich any material informatiou)in connecdon with the loan evidunced by the Not�,including.but not liu�ited
<br /> - to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instnunent is on a .
<br /> � � leasehold, Borrower shall comply with all the provIsions of the lease. If Borrower acquflres fee dde to the Proporty, the
<br /> ; leasehold end the fee title shall not merge unless Lender agrees to the merger in writing• ;--
<br /> 7.I'rotection of I,ender's Rights in the Property. If 3oxrower fafle to perform the wvenants aad agreements containod In t_
<br /> • this Securtry Instrua�ent, ox there is a legal proceeding that may significantly sffect Lender's rights in the Property(such as a �
<br /> •• procading ia banlauptcy,pmixate,for condemnation or forfeiture or to enforce laws or ngulations),then Leader may do and
<br />`- � . pay for evhatever is necessary to protect the value of the Progerty end Lender's dghta in the Propecry. Lendcr's act[ons mny _ �
<br /> •' �' �` include paying any sums secured by a iien which has prtortty over this Security Instrument, appeartng in court. paying
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<br /> ,... •,{, „ ., reasoaable at¢om�ys fees and enterIng on the Property to make repairs.Although I.cnder may take actlon uncler d�is paragcaph
<br />'':•�.«-•,:�.... < 7,Lender dces not have to do so.
<br />"s��••V:�� �� •� Any amounts disbursed by Lender under tt�is paragcaph 7 shall bec�ome ad.ditioaal debt of Borrower secural by this
<br /> :a. '.. Secudry Instruu�ent. Unless Boaower and Lender agree to other terms of paycnent,tI1CSC aIri011I14S BI13II bCBi II1tCItSt f[OA1�1G
<br />;•���', date of disbwsement at the Nou nte and shatl be payable. with interest. upon notice from I.ender to Borrower rcqucsting
<br />�.:�:.',',� payment. _�._.�_.,
<br /> n:�,.;:-;Y 8. Moctgage Iosuraace.If Lender required mortgage insurance as a conditiou of malcing the loan secured by tlils Security ___.
<br /> �.���:�:.: Instrument, Borrowar shall pay the premiuss reclujred to maintain the mortgage insurance in effect. If, for any reacon, the
<br />=d�'•��-�'-�� �•- mortgage iasur�ace coverage required by Leuder lapses or ceases to be in effect.Borrower shall pay the pre�miums requind to —
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<br /> � - - obtain coverage substantially equivalent to the mortgage insurance previously in eKect,at a cost substantially equivalent to the _ __
<br /> ������r•� � cost to �orrower Qf the mortgage insurance previously in effax, fron►an alternate mortgage insurer approval by Lcnder. If ___ _ _
<br />-� ��� i � substan*_ially equivalent mortgage insurance coverage is not avaUable,Borrower shall pay to Lender each month a sum equul to _
<br /> one-twelRh of the yearly mongage insurance premium being paid by Boaower when the iasurance wverage lapsed or cEased to ��'��-
<br /> _ be in effect. I.ender will acceps,use and retain these payments as a loss reserve in lieu of mort�age insurance. Loss reserve �_��"°___
<br /> : � Form 3028 3190 ' �`��'�'�""""
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