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<br /> S. Hazs�rd or Pn�perly Intiurwnce, t3��rro�vcr shall kcep thc improvemont. ow exi�tmg on c�rcuRcr crected on thc
<br /> Propcny insm•ccl uguin+t lu,� [►y fi�-�, huiurJ+ includul ti�:ithin the tcrm "cxtcnded rovcr��ge" nnd ��iry atl�er hnrnrcls, includin� _
<br /> Ilaxls or flcxxUng, for whlch i.cn�lcr rcquires insuruncc,This insuruncc�hnll bc rouintuincd in thc umounts und far thc peri�xis
<br /> that Lendcr rcquires. The insurunce currier pn�vi�ling the iusurance shull he choscn by Hurrowcr subject to I.cndcr's nppraval
<br /> which shall not be unreasonably withhcld. If 13urrower fuils to muintuin caveruge dcscribni ubove, I..c�xier muy, nt Lender's
<br /> uption,obtain covernge to protect Leixler's rights in the Property in accardunce with p;uagraph 7.
<br /> All insurance policies ntKi renewals shall be acceptahle to LenJer und shall include a su�ndard �nortgage clnuse, l.ender
<br /> shull havc thc righl tu i�uld tl�e policies and��cnewals. If I.cnder requires,8on•ower shall promptly give eo L.cnder all rr.ccipts of
<br /> paid premiums and rcnewal notices.In the event of loss,&�rrower shall give prornpt notice to the insuronce cnrrier iuxi Lender.
<br /> Lcndcr may nnike proaf uf loss if nut madc prompNy by Borrowcr.
<br /> Unless l..ender und Botrower otherwise agree in wtidng, insurance pra:eeds shuU be npplicd to restoration or repair of the
<br /> Yroperty damagcd, iF the restoration or repuir is econumically fcasible and Lender's securlty i:,not lessened. If thc restorutton or
<br /> rcpa�r is not economically fcusiblc ar Lender's security would bc Icssened,thc insurancc procecds shnll be npplied to the sums
<br /> secured by this Security Instrunxnt, whether or not then due, with any excess paid to Bnrrower. If Borrower ubandons ihe
<br /> Property, or does nat answer within 30 duys a notice from Lender tl�a[the insurancc carricr has ufle►�c�l to settte n clnim, then
<br /> L.ender may collect the insurs►nce proceeds. Lender may use the proceeds to repair or restore the Propeny or to pay sums
<br /> securcd by tiiis Security Instn►mcnc.whether ar not then due.Thc 30-duy period will bcgin when the notice is given.
<br /> Unless Lender and Bonbwer ot�herwise ngree in writing, nny application of proceeds to principal shull not extend or
<br /> postpone the due datc nf the monthly payments refcrrcd to in par.►graphs ( und 2 or change the amoimt of the payments. If
<br /> under paragraph 21 tho Property is acquired by I.cnder,Borrower's right to uhy insurance policies und proceeds cesulting from
<br /> danmge to the Propsrty prior to th�ncquisition shall pass to Lender to the extent of tlie sums secured by this S..c.urity Instrument
<br /> immediatcly prior ta the acquisition.
<br /> 6.Occupancy,PreservAtion, MQintenance and I�ntection of the Property;Borrower's Los�n Application;LeA.Seholds.
<br /> Borrower shall occupy,establish,and use the Property as Borrower's princi�al residence within sixty days atter d�e execution of
<br /> this Sccurity Instrument and shall continue to occupy the Property as Borm�►•.:r's principal residence far at lrast one year after
<br /> the date of occupancy,urtlecs l.ender otherwise agrees in wri[ing, which wnsent�i�uii�ivt ue t;r��c+�,r�:,tly;�::,'trcld.a:ur.l�s
<br /> extenuating circumstances exist which are beyond Banower's conuol. BorroH•er shull not destroy, datnage or impair the
<br /> Pruperty, :+�low the Prapeny to deteriorutc, or commit waste on thc Property. Borrowcr shall tx:in default if any forfeiture
<br /> uction or proceeding,whether civil or criminal,is begun that in L.ender's good faith judgment could resntt in forfelture of the
<br /> Pi�apeny or otherwise materially impair the lien created by this Security Instrument or L,ender's security interest.Borrower may
<br /> ci�re such a default und rrir�st�►te,as provided in paragraph 18,by cuusing the action ar proceecling to ba dismisr+ed with a culing
<br /> that, in L,ender's good faith.determination, pra:ludes forfeiture of the Borrower's interest in the Property or other material
<br /> impaim�ent�t atfz lien created by this Security Instn►ment or Lender's security interest. Borro�ver shall also be in default if
<br /> Bnrrower,during the loun application process.gave materially fiilc�ar inaccurate infom�ution or state�nents to Lender(or f'ailed
<br /> to pravide L.ender with any m•rterial information)in connectton with the loan evidenced by the Note,including.but not limitod
<br /> to,representations concerning Bornower's occupancy of the Property us a p��incipal residence. If this Security Insttument is on a
<br /> leaseltold, Bocrower shall comply with ull thc provisians of the lease. If Borrower acquiros fee title to the Property, the
<br /> teasehold and tho fec title shall not merge unless Lender agrces to the merger in writing.
<br /> 7.Protection of Lencler's Rights in the Property.Jf Borrower fails to perfonn the covenants and agreements contuined in
<br /> this Security instrument. or tha�e is u legnl proceeding ahat may significantly affect 1.ender's rightc in the Froperty (such as a
<br /> proceeding in bunkn�ptcy, probate,for condemnntiop or forfeiture or to enforce laws or regulations), then I..ender may do and
<br /> puy for whatever is necessary to protect the value of th� Property and Lender's tights in the Propercy. Lender's uctions muy
<br /> include payin� any sums secured by a lien which has priority ov�r dils Securlty Instrument, appcaring in court, paying
<br /> reasonable�ttorneys'fees and entering on the Property to make repl3rs. Althougti L.cnder may take nction under this paragraph
<br /> 7.L.cndcr d.ocs n�t have tc�do so.
<br /> Any ramounts disbursed by Lender under this paragr.►ph 7 shall become additional debt of Borcawer secured by this
<br /> Security in�trume:�t. Unless Borcower a�id Lender agrec to other terms of paymcnt, these amounts shall bear interest from the
<br /> datc of diybursemcnt at the Note rate and shall be payablc, with ia�ten:st, upan notice from Lendcr to Borrower requesting
<br /> payment.
<br /> 8.Mortgage Insurance.if L.ender required mortgage insurance as a condiaon of making the loan secured by this Security
<br /> Insttument, Borrower sh:ill pay the premiums required to maintain the mortgage insurance in efferct. If, for any reason, the
<br /> - mortgage insurance coverage required by Lender lapses or ceases to be in effert,Bonower shall pay the p�emiums required to
<br /> obtain cov�ragc substantialiy cquivalent to thc mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cost to Bo�vu�er of the mortgage insurance prcviously in effcct, from an nitemate mortgage insurer approved by Lender. If
<br /> substantiully equivalent mongage insurance coverage is not uvailable,Borrower shall pay to Lender each month a sum equal to
<br /> one-twclfth of the ycarly mortgugc insurance premium b�ing paid by Borrowe�when the insuranre covcrage lapsed or a;asod to
<br /> be in effect. Lender will accept,use nnd retuin these payments as a loss reserve in licu of mortguge insurance. Loss reserve
<br /> Farm 3028 9J90
<br /> PeOe 3 0l 0
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