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<br /> . 98` 1��0
<br /> S. Hanrd or Property Insur�nce. Bnrrawer shall kecp the imp�ovements now existing ar herafter ercetal on the
<br /> Prc�perty insurui ag�inst loss by tire, haxards included wittiin the term "oxtended coveruge" and uny ollier ha�ards, including
<br /> flcx�ds or ftuoding, for which l.end�r requfres insurunce, This inwrance shall he naintxined in the amnunts and for the periods
<br /> that Lender rcquircs. 'Pne insurnnce camer providing the insurance shall be chosen by t3crrowcr SubJxt to I..ctxler's approvai
<br /> which stull mt t►o unrcavorwbly withheld. IF&+rn�wrr fwil� to nuiintrin co��erage daaritxct utx�vc, I,cnder nu�y, at Lr.rxlcr's
<br /> option.obwlna�verog�to pmlect Ixnder'F rl�hty in thc{'n�erty in�coMuxe with p�r�g�ph 1,
<br /> AI�It1.RU�tt1CC p0I1CItIG NIl(I fCI1CWYIl1 NIIYII IIC 1lCCC(NHI1I� U)I.Cfk�Cl'NIKI 6I1LII II1CIUlIC H !i1�INJU1'(I I1k1Y1�U$C l'IdUEC. l.ender
<br />• Kh�ll hrve the ri�Ill(0 I10IQ(IIO 6f(IIICICN NII{I iC11CWNIN, If l,ender rcyuirer,&,rmwGr whall pnrm{�ly�Ivc�c►I.erv.lcr nll rcceiptc of
<br /> pMld premluna Ncxt rcnewwl t�Nl��. In Iht r��ent��f lue�,�wmwer xhrll glve pn�mpt nWice tu�he in�+ararxc c�rrkr w�xf I.c�xler,
<br /> Ix�K1er m�y m�ke pnx►f of Ins�iY ixN tnrJc pn►m�Mly hy p�►rmwer.
<br /> 11nlr.r�I,encier■rxl l�,rmwer�Nhrr++�lsc aLrr»In wriUn�, insurunce pn�cecdti shall t►e u{�pllal tn���toruiinn or repair uf the
<br /> pn►perty dRSt►�aJ,if tho rcatorwllon or rcpwir!x r�;r►n�miicully I'e�.rlblo r►xl LrnJar'A+ecurity is�xx Icscenal.If the rcstorutiun or
<br /> re�lr ir m�t acrnomicwlly fexxible ar I.erwler'H xecurity w�wld he laasened, the inrura�xe pmcoedc xhrll be wppUal to the sum�
<br /> sacurai by tAl� Securiry Inxtn�ment, whNher or not �hen due, with wny excesK paid ta &�rmwe�. If�rmwer Nbaxlon� the
<br /> , E'ropertv�or dueA not uu�wer wlthln 30 dryy u exxicc from Lencicr that the insunnce cYrrier 1w offerai to setUe a cl�im,then
<br /> � l.�rndar nwy rollect the insunna prcxeed�. I.,ender muy u;�e the prnceeds to repxir or rc�toro the PmpeAy or to pny surtu
<br /> securcd by this Securiry Inatrument,whether or rat thtn dua The 30-day periad wifl begin when the notice is givrn.
<br />� Unlesg Gendcr ancl Borrower otherwise agree in writing, any application of prnccals to priixipul st►all ixx extend or
<br /> • postprme the due dute of the monthly prymcnts rcferrod to in puagraph9 1 u�d 2 or chuige the amount of the payments. If
<br /> under peragraph 21 the Pmperty is acquirui by Lender, Borrower's right to�ny insurance policles end praceods resulting from
<br /> dYrr�e to the Property prior to thc ecquisition shall pess to I..encler to the extent of th�sums securod by this Security Instrument
<br /> •, immediately prior to the scquieitiun.
<br /> 6.Occupu�cy,Preaewwtbn,Mwfnteru�nce ond PmtecNon ot the Propaty;Bormwer's La�n Applicallon;l,ea�d�oWs.
<br /> Borrower stull occupy,�tabli.rh,and use the Property as Borrawer's pri�kipal residence wlthin sixty days after the oxocution of
<br /> this Security InstcunMnt and shall continue to accupy the Propeny as Borrower's principal residence for at least one yeu after
<br /> :� the date of occupaney, unless Lender otherwise�gms in writing, which can�ent shall not be unreasonably withheld,or unless
<br /> � extcnunting ciroumstanas exist which are bcyond Bormwcr's oontrol. Burmwer shall nat destc+oy, damage or imQair t1►c
<br /> x Pcoperty, allow thc Property to dcteriorete, or wmmit waste on the Propany. Borrower shall be in default if any forfeitun
<br /> � action or proaeding,whether civll or criminnl, is begun that in Ixrxler's�ood faith judgment oould rcsult in forFeiture of the
<br /> � Property or othenvisc materially impair the lien coeated by this Security Iastrument or Lerxler's security interest. Horrower may
<br /> � cure such a defautt and reinstate,as provided in paragraph 18, by causing the ection or proceeding to be diamissed with x ruling
<br /> .,. that, in [.ender's goad faith determinadon, pmcludes forfeiture of the Horrower's interest in tha Ptnpeny or other rruiteri�l
<br /> �� imp�irment of thc licn crcatod by this Security Instnrment or Lender's security inter�est. Borrower shall also be in default If
<br /> �i Borcnwer,���riny tlec lean e�llcatte!!F*ocess,caee m:terially fnlse or in2cemr:tc inform�tio;.:.,a.:t.meats te T..�±.�'.!(Cr f�jl.xl :
<br /> to provida Lender with'any material infarmation�)in connection with tho lou�n evidenced by the Note,including,but not limlted -„
<br /> to.npraentalions concerning Borrower's orcupancy of tt�e Yrc►perty ar a pz.inclpal rcsidence. If this Security Instrument is on a
<br /> leaschald, HomowCr shall comply with all tha provisions of thc lease. Xf Borrower acquires fee title to the F'ropetty, the.�
<br /> leasehnld And the fCO title shall not rnGrge unlc,9s Lender agrees to the mecger in writing. '
<br /> 7.Proteetton i�t I.eoder's Rlghfg in tl�Property.If 9orrnwer iails to perfortn the coven�nts xnd egr4ementA cqnsstinr�d•in �
<br /> ,j this Security Insttument, or there is a legal proccxding that may signi�c�►nciy affect Lender's rights in the Propecry (such as,a
<br /> �•' proceoding in bat�kruptcy,probate, for conde�'nnation or forfeitun or ta enf�toa laws or regulatlons), tl�en I.ender�may do ait�tl,. .
<br /> ;,� pYy for whstever is necessary, to protect the value of the Property and�I.cnder's rights in the PmFerty. Lender's ualons may
<br /> �� include p�ying any sums sxurod by a lien which has priority over t6is Se�urity Instrument, apparing en oourt, paying
<br /> ;;r reasonAble attomays'fees and entering on the Property to make repairs. Although Lender may talce actlon undcr this paragraph
<br /> �"•.: 7.�u daa not have W do so. �
<br /> ��J An artwant5 diabut'�ed b Lender under lhis
<br /> y y paragrapl� 7 shall become additional debt of$orrower securaf by this
<br /> .S Socurity Listn��ent. Unless Borrowcr and Lender agroe to other terms of payment, these artwunts shall bear interest from the :
<br /> date of'dlsburseqknt at the Note rate artd shall be payable, �vith interest, upon notia from Ltnder to Bormwer requcsting •
<br /> : payment.
<br /> � 8.Mort{a�e Inwrance.If Lender rtquiral mortgage insurance as a condition of making the loan securod by this Securi,t�
<br /> , instrument. Borrowu stwll pay the premiunu rsquirod tn mainta(n the niortgage insurance in effect. If, for any reason;.the•
<br /> � mottgage insurancc covcrage requirod by Lender lapses or esases to bc in effxt,Borrower shall pay the premiums rr�µ�irai to ��
<br /> ; obtein rnverege substsntielly eyuivalent to the mortgage insurance proviously in effect,at a cost substuntinlly equivahGnt to the
<br /> , rnst to Borrawtr of the mottgaga insut�ncc previnusly in cffxt, from an alternate morigage insurer Approvod by Lendcr. If
<br /> substantlwlly equivalent mortgage insurance coverage is not available,Borrower shell pay to L.ender each month a sum equal to
<br /> � one•twelRh of the yearly mortgage insurance premium being paid by Bnmowor when the insurance coverage Inpsai or aascd to
<br /> �; be in effoct. Ltnder will aocept,use Atxl retain these payments as a loss reserve in lieu of mortgage insuruue. Loss rea�tve
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