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<br /> S. H�znrd or Praperty Insurance� lion'ower shall kcep ►he im�rovertxnts nuw existing orlfeTLuRc�"�u�[�t"u11"fii�
<br /> Praperty insurcd ag;►inst lc�ss by frc, ha�ards incluJed within the term "extended coverage" aMi any other h��zards, including
<br /> floads or Ilocxiing, for which l.ender roqulros insumnce. Thir insuruncv shxll be mainteinal in the arnounts u�xt for the pericxt+
<br /> that Lender roquircs. The insurance c�rrier provfding the insurnnce shall t►� chosen by Bc�rrawer subjtct to Lencier'+upprovel
<br /> which shall not Ne unreasonabiy witlil►cld, lf Bc�rrawer fails to maintRin caverage descrit►ai Abave. Lc�xier��ay, ut I.ender's
<br /> option, obtain a�verago to protec�l.ernie�'s�ights in tho Pmperty in aca�rdancc with paragraph 7.
<br /> All insurance poUcies and retxwuls shAll be ncceptable ta I.erxler and shxll i►x:tuQe a staixlard ma�t};�e clatisa. l..cnder
<br /> Slliill I18VC(I1C CI�FiI lQ FIOI(I IIIC pOItCIGS HIl()iCI1CWAIF. 7f l.ender n:quircs,Aarmwer shaU pmmptly gi��e ta I.ender all receipts of
<br /> pnid premiums and renewal natices. 1n tho event of Inss,Iiottower shall give pmmpt rxitico to the in�urnnco exrrier and Lender,
<br /> 1,e:r.�der. may make proof of Inss if nat mACle promptly by Bonawer.
<br /> �Jniess L.eudcr and Bormwer othorwise�+gra in writing, inaurancc proccccis shall bo eppliod to restorati�n or repair af the
<br /> Property darnaged,if.the restoration or repair is econamically frasibla and Lender's sccurity ls not lessened. lf rhe rcstorution ur
<br /> repair is nnt ec.�onomicaliy feasi6le or l.ender's security would be Iessened, tba insurnnce prncads shall be sppliad to the sums :
<br /> secured by this Security Instrumcnt, whethe� or not then due, with an,y er,.�e�+s paid to Bonower. If Borrower abandons the
<br /> Property,or dc�es not answer within 3U days e notice irom l.ender tlwt il,e insurance carrier has oiferod to settle e claim, then
<br /> Lender may colicet ttie insurancc proceods. I.ender may use t[��e procads to repair or restore the Property or to pay sums ,
<br /> secured by this Security Instrument.whether or ixx tt�en cEtie.'�'Ae 30-day period will begin when tlk notice is given. �
<br /> Unless Lender and Borrower othetwise agree en writing, eny npplication of proceals to pricecipail shall not extend or �
<br /> postpox�e tnc uue daie ur ti�c oWiiihiy puy���riKS ccicr�ai iu i.-� NdCu�iaNiiS : and 2 or changc the acnount of the paynxnts. if'
<br /> under paragraph 21 the Property is acquired 6y I..ender,Borrower's right to any i�surance policies and���ctieds resulting fram
<br /> dan��r to the Property prior to the acquisition shall pass to Lender to thc cxtent of the sums sccured by ahis Security Instrument •
<br /> in:�s��.c�nastcly prior to thc scquisition.
<br /> 6. Occupnncy,PreservAtion, 1Natntenwnce and Protecliun of the PropeMy;Borrow�er's Loait A�ptic�►tion;I.e�sel�old�.
<br /> Borrower shull occupY.establish,and use the Property as Borrower's principa��sidonrn within sixty c���s after the exxution of
<br /> this Security Instntment and�shall cbntinue to occupy the Property as Borro�w✓er's pdnc��a�l re.iidence tco�r at ieast one year afcu
<br /> the date of occupancy,unless Lender otherwise ngrees tn writing,which conwant shall nc+� h�unnasaru�bly withheld. or unless
<br /> extenuating circumstonces exist whtch are beyond Borrower's control. Bonower shall not destroy, dama�e or impair the
<br /> Property, allow the Propecty to deteriornte. or commit wa5te on the Prope�ty. Borrower shall be in clCfault if any forfeiture
<br /> ection or proceedir�,whether civit or criminal, i:��segun that in Lcnder's�;��ac1 faith judgment could �rr�n7t in forfeiture of the � '�
<br /> Property or otherwis�niaterially impair the liem t rented by this Security Ins�rrinnent or Lender's security interest.Borrower rray
<br /> cure such a defsult and reinstate,as provided in ynragraph 18, h�y causing the action or procc�ding to be dismissod with a�uling ,
<br /> that, in l,ender's gaod faith determination, ptecludes forfeiture of the Borrower's intcrest in the Property or othcr matedal
<br /> impairrnent of thc lien creatod by this Securitv Ih;trument or LendePs security interest. iBorrower shall also be in default if
<br /> Borrower,during the loan epplication;�rocess,r,vve materielly false or innccurate{nformation or stutements to Ltnder(or fsiled
<br /> to provide I.ender with any material informatioin)in connection wlth the loa�a evidencod by the Note, including,but not limitat "
<br /> to.representations conc,�rning Borrower's occupancy of the Pcqperty as a prineipal residence,If this Security Instntment is on a ,. �.
<br /> l�aseh�lcl. Horrower shall comply with all the provislons o�' �he lease. If Borrowcr acquims fee title to the Property. the .
<br /> leasehoid and the fa title shall not merge unles�Lender ngrecs to the mergcr in writing. • .
<br /> 7.Protection of I.ender's Rights In the Pro;�e�erty..�f Borrower fails tp,perfonn the covenants and ag�eements containod in , � �,
<br /> this 6ecurity Instnttncnt, or there is a legal prucced3ng that may significantly affect Lender's rights in the Property (such as n ,� •
<br /> proceetlfng in bankruptcy,pmbate. for condemnation nr forfeiture or to cnforec laws or re$ulatiuns), tben Lender may do and •
<br /> pay fi�r whatever is necessary to protect the value of the Propeny and Lendcr's rights in �the Property. Lender's actions tnay
<br /> includt paying any sums secural by a lien which itas prioriry over this Security lnstrument, anpearing in court, paying
<br /> reasonablc attorneys'fas and entcring on the Property to mnlce repairs. Alehough Le►xler may take sction under this parngraph . � .
<br /> 7,I.ender do�s not have to do so.
<br /> Any amounts disbursed by I..ender under this paragruph 7 shal! 6ecome addi►ional debt of Borrower secural by this
<br /> Security Instrument. Unless Borrower a►xl l.ender agrcc to other terms of payment, these amounts shall bear inttres2 fram the
<br /> datc of disbursement at thc Note rnte and shall be payable, with interest, upon noticc from Lender to Borrowe� r�:t�uesting
<br /> payment.
<br /> S.Mortgage Insurstnce.If Lcnder requireca mortgage insurnnce as a c:�r�ndition of making thc loa�securcd by this Security
<br /> Instrument, Bonower shall pay the premiums rcquired to maintain the�i-��ngage insurancc in effect, d�; for any reason, the
<br /> mortgagc insurance covernge reyuiral by Lcncicr I�pses or ceases to be in�E;�ect,Borrowet shall pay the premiums.�rcayuired to
<br /> obtaln coverugt�ubstantinlly equivalent to the mortga�c insurancc previousCy lr►effcct, At �cost substantially equiva9a:a�t to thc
<br /> cost to Borrower of the mortgage insurance p�aeviou�ly in effect, from arn ailternatc mortgage insurer approved by Lettder. Lff
<br /> substantially equev�lent mortgage insuruice ava•ecnge is not available, Bore�w•er shall pay to Lender each month u sum equa!ta�
<br /> one-twelfth of the yearly mnngage inwru�ce pn�anium being patd by Borrnwer when the insurnnce coverage lapsed or ceased to�
<br /> be in�ffect. Lender will accept,ase and ret�ain these pay��ents as a loss reserve in lieu of mortgage insuranve. Loss resetve
<br /> Fam 3028 9190
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