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<br /> ° � e Harard or Proaert� Ins�ranre. Borco��er .hall hc�p dir impru�rmrnt. nu�� e�i,un� ��r h�rratt�r �rci��d �m �he - ..
<br /> -"-- ,- - �;;� Proprrt} imureJ agaia.t lo�.by� fire. hazard+ includeci uithin thc term "rYtrndcd cu��e�ag� sna .�sq n�nrr i�a�,r�u�. ��H�«.:.c.e:
<br /> ` . � flrnxl,ur flooding. tor��hirh Lender reyuir��,imur:u►rr. Thi+ in,uranre•hall hr uuinta��ud m �hr aou�unt,.md t�>�tirr p�rt�nl. ,
<br /> . ,, th:tt Lcndrr r�•yuire�. 'I'he in�urance�.irrier proeiding the insunuicc>h:ill h�cho,cn b> H��rru�+cr .uh�r�t t�� l�u�l�e',�p{+rutisl :.
<br /> - Hhirh.hall nut bc unrea.,onabl}� �vithheld. If Borruwcr fail,tu maintain rinrrn_�J��rrih�d ahu�c. Lrnder n�:p�, at Lcnd�r'. . '
<br /> - `; ��ption.ubtain coverage!u prutect Lenticr'.ri�ht>in ihe Pn�pertr•in arrorJanrr«ith p:u:�r•r}�h 7. , , _'_ _ _ - _—
<br /> • . .4t1 in�urance policies and reneH�als �hall be ac�Yptable to Lrnder:uiJ .hall mrludr a�tand3rd murtgage cL•�uk• lAnJer .
<br /> .r.alt i-ave the right to hotd the palici��s and renewal�. If Lxnder reyuim..&�rru�.cr+h�ll prumptly g�cr ca l.�ndcr:�II r«ript���f
<br /> , pai.f�rea�ia�ms and renewal notices. In tt.e event of loss.Barrow�er,hall gi�•e prompt notire tu the in.uranre carrier and I.rnder. +�• , �_::`
<br /> : ' { Lender 3na} mzke pmof nf los.c if not rtude promptlp�.��c�eFOw�er. . .
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<br /> ' • Unless L.ender astd�irr�u�er otherwise agree in uriun�;,irsurance pn�cc�xi.�hall be appticd w re+tnratiun ur repuir uf thc . . _,_
<br /> Property damagecl.if the resrosation or repair is ewlotni�Ty f�sihle and Lender'�x'curity�i.nul(�w.rn�zl. If tho n.5turatiun��r 5 ..
<br /> . �epair is not economiraily feasible or l.ender c�ec�:riLti «��Id�'.�su�►cd• the intiurance pn�reedti+hall be apptic.yf tu the�umti ` ... � ^i
<br /> ' +ecured by this Security Instrument, whether or n�t�:��u�.riicI� any excess paid tu Borra«�er. (f Born>wer ab:uidun. the . ,��,�„��-
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<br /> � Property.or does nvt answer within 30 days a nouct from i�cat.i..-r that the insurance wrrier ha+uf(ered ta�ettle a rlaim. then _ - ��
<br /> . ' '� Lend�-r may ealtect the ia.surance proceeds. Leeu��r e�� u,� the pro��dc to repair or rcwtore the Pmperty or w pay ,umti : ' �`° `�. ',''�:,
<br /> � �ecun:J by chis Se�..-in-Iast. �m.nt,wh� her or no:ihen�.�'.�.Tt►e 30-d3y period will hegin when the notice i,given. � �; � .�.•..b:�.:
<br /> . L'ntess Lender and Borrawer othenvise a�� in.�.:ing. anY apPlication af proceeds tu principal shall noi extend or • , . e • �`-
<br /> postpone the ttue date of the monthly payments rzf.°rrzsl.L�%n paragraphti 1 and 2 or change the amount of the paymenta. If `«
<br /> . . - ' under Qacagraph Zl the Praperty is acquired by Len3,°�.�arrower'+right ta any in+urance policies ancf proceeds resultin�fram •�.t:�. ..'�
<br /> -• damage to the Prop�zty prior to the acquisition shall p�ss�o�.�nder w[he extent of the sumti secured by this 5ecurity ln+trument _
<br /> ' .- immediutely prior to ihe acquisition. ' ' ��°:
<br /> ' � `'.;• 6.pact�pancy,Preservatton,l�iaintenance and Pro.ection of the Property;Borro�+�er's Laan Application:l.easehotds. , , ; :.
<br /> _ Rorro����r shall cwcupy.establish,and use the Property as Eorrower'ti principal residence within sixty days after the executian of r. ..:,f�,.;
<br /> ,• �1 thiti Security in.�t.timent and shall continue to oecupy the Pc��:rty as Borrower's principal residenee for at le�t ane year after . , , �� •;�:°-3':
<br /> ' ' p which consent shall not be uneeasonabl withheld.or untess • `• ' '
<br /> • : the date of i�ccupan:.}r,unlc.x+Lender otherwi+e agrees in waun5. Y • , . _
<br /> �.� extenuating cin�umstances exist which are beyond Sorreurei s cantrol. Borrower shaA not destroy. d:ir►�age or impair the ' '
<br /> � � Pmperty. allow the Property to deteriorate, or com.-nit waste on th� Properey. Borrower shall be in deCault if any forfeiturc . : '�.`''
<br /> . � � actiun i�r praceeding.whether civil or criminal. is begun that in L,ender's gaod faith judgmem cauld result in forfeiturc af the : ,. •:. t .
<br /> � Property ar otherwi�e materially impair the lien created by rhis Security tnstrument or L.ender's security interest.Borrower may : ��- ;,
<br /> • cure+ucb a defauh and reinstate.as provided in paragraph}8•bY causinS tlta action or proceeding to 6e dismi�sed with a ruling .. • :� �'
<br /> ' that. in l.ender's gpod faith determination, preclud�+forfaiture of the Borrawer's interest in the Propeny or other material • .;.;,�-
<br /> � ', inipaim�ent of tho {ien created by this Securiry Inst�ument or f.ender s se:.urity interest. Borrower shall also be in default if � ' .,, f. .._ :_..�;:;
<br /> .�.• ' . • Butruwer,durins tht loan application process,gave maserially fatse or inaccurate infomintian or statements to i.ender lor failed ::�•���,�':
<br /> a+prnvide L.ender a•ith auy material information)in connection with the loan evider.oed by the Nate.including,but not limited ; : �:��,;
<br /> _�� • �.,� [u,reprere�tations c;ontYrning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a _
<br /> •• ' Ica�chold. Barrower shall wmply with all the pravisions at the lease. If Borrower acquires fee tiUo to the Praperty. the •,
<br /> ' , �..s Iea+ch�dd and the fee title shall not merge unlcs Lendes agrees to the merger in writing. � '��� � '�`'�
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<br /> ... , . � 7.Protectton ot Lender's Rights in the Pcoperty.If Bonower fails to perform the covenant�:and agr�eements contained in . : —
<br /> thi.r Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Prnpecty{such ac a
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<br /> pracecding in bankruptey,pa�bato. far condemnation or forfeiture or to enforce laws or regulatians},then I.ender may do and
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<br /> pay li�r whatever iy nenssary to protect the value of the Propeny and l.ender's rights in the Property. I.endet's actions may , �;::,,
<br /> -� ' ' indude paying any sums se,.�ured by a lien which hai prioricy ovzr this Secarity Inmument, appearing in caurt. paying „ . .�-�
<br /> �,.' . �p n;:t�unablc attameys'fees and entering on the Proper�•to Esiake repairs.Alahough Lender may take activn under this paragraph � :''�;,•..
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<br /> � s 7, I.cndcr doe�nat have to do so. - �
<br /> � •��� Any :uirounts disbursed by Lender under this paragTaph 7 shall becorrn: additianal debt of Borrower sccured by this • �
<br /> ",� tiecurity Intitrumcnt. Unlcss Sorrower and I.ender agree ta other terms oF payment,these amounts shall beaz interest from the . � : � ,
<br /> d�tc��f di�hur+emcnt at the Nato rate and shall be payable. with interest, upon nntice from Lender to Borrower requesting ,
<br /> . � p:�yincm. . . -
<br /> ' ,` � 8.�1urt{W�e Insurance.If I..ender required mortgage ic►surance as a condition of m�icing the loan secure�d by this Security ,
<br /> '•.'1 � Intilnitn►nl. florrower .rhall Qay the ptemiums required to maintain the mongage inaurance in effect. If. for any reason. the �
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<br /> --y murtpagc�murancc wvcrage required by Lender lapses or ceaces to be in effece.Hacrow�er sha11 pay the premiums required to
<br /> �� uhla�n cu�•rr;�gc.uhctantially equivalen�tn tha mongage insurartce previously in effe�t,at a wst substantially equivalent to the .
<br /> ' tu�� a�tiurruwer uf the mongage insurt�ce previausly in effect, from an altemate mortgage insurer apptoved by l.ender. If
<br /> �uM�,mu.dly�yu�v,drnl mortgage incurn.n;,e covera�e i�not available.Borro�wer shal�pu�'to l.endcr each month a sum equa!to • • ,
<br /> •`��? uuc•��rcllli�ul the ycarly mangage insur,snce ptcmium being paid by Borrnwer when thE incuntnce coverage lapsed or ceased to
<br /> � ' he in rll'cct.l.�nd�r tvill accept,use and retain th�se p�yments as a loss reserve in lieu of mortgage insurance. l.��ss reserve . ��
<br /> �� • Form 3028 9190 . '
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<br /> , Papv 3 oi 8 "
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