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<br /> __ � S.Ha�rd or�'ropRrty lntur�ace. Borrowu shall koep ttie improvemenu now cxisdng on c�rcattcr cratud on thc f�'opertY
<br /> - `° Insured �alnst los�by fun, h�a.ard� included within tha term "exteieded cavera�o' and any other hazard�,includin�floods or
<br /> • fl�xiing,Poe which Lcndee requirc�insur�nco.This insur�ncc shn11 be malnt�lncti In thc amount�ond f�r tha periods that Lertdu �'
<br /> � rcqulrcs.Thc insunuico c�uricv providing the ins�rranco sh�ll ba chosco by Aortowu subjxt w I.cndu'�approval which shaU not
<br /> ���,,' ba unrwonably wlthfiold. If Bortowu faib to m�lntain cowr�go descdbed above, Lcnder may, at L.cnder's optkm. obtain
<br /> _= coverage w protoct Lendu's riqhta in tho Proputy in�ccordance with pivagraph 7.
<br /> -- All lnsuranco policies and renewale sh�ll be zcceptabk to Lender end shail ir►clude o standard mortgago clausa Lendu shall
<br /> -- .,i, havn�ho dght W hold tho polkiea�nd renewals.If l.eadu rcquires,Borrowu shall prompdy givc to Lendcr all receipts of paid
<br /> `�' premium�antl ranewal notice.s.In tho event of loss.Dormwcr shall give prompt nodce to tho Insurance carrter end Lender.Le��cr _
<br /> � � • may m�ico proaf of loss if not made prompdy by Borrowu.
<br /> Unless Lcnder end Bormwcr otherwise agroe in wrieng,insurar►�e procads shall be aPPlied to restorari°n a r�ep�[r of tho
<br /> .,::.�` ProP�Y�a8ed�if tha reswredon or repair is oconomically fetuibb and I.ender's socurIry is not kssened.If sho reswradon or
<br /> �,. �:�;..�;: repair is not economicaUy feacibk nr Lenda's securiry would be k,s�en�d. the insuranca proceods shaU be a�ppllod to the aum�
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<br /> -:-�.�: secura! by this Securlty Inswment, whether or not then due, with any axces�paid to Borrowu. If Bortowu abandons
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<br /> =-.-.-.,:�tn Property�or dcxs not enswu within 30 dsya a notice from L�ender that the insurence carriu ha9 uffered to seak� c , en
<br /> _ ,'r;;�`� Lu�du may collect the insurance proca,�is.Lender miy uso the proceeds to npair or restoro the Pro�xxty or w paY sums sacurcd -
<br />-��� by this Security Instrurne�t,whethet ar not then due.'!he 30-day perioci wW lsegln when the nodce ia giver�.
<br /> '-`�'�"�� Unless Lender and Borrawer ocheraisa egroe in wrtdn8,�Y aPPlicadon of proceeds to principal shall�otexeend orpostpone
<br />�;�'{� the dne date of the monthly payments refeaed t�o in puagnphs 1 and 2 a change the amount of the payments.If under pua8aph
<br /> T�:'� 21 the Property is ncquired by Lendar, Borrowu's right to eny insurance poUciea and proceeds resuldng from damege oo tha
<br />_°;",�� � propeny pdor to the acquisition shall pass to Lendu to the a�ctent of tha sums securod by this Security Instruume�t immodlately
<br />-_.r`'"'��• prior to the acquisidon.
<br /> 6.OccupAncy,Pres�rvatton,Maintenance And ProtecHon ot t6e Property; Borrower'� Loan AppUcatiai Leuebolds.
<br />- - Bormwu sh�ll occuPY�establish.and�se the Property a9 Bocrowu's principal residenca wlthin sixty days afler the e�exudon of
<br /> �-v.�^�� this Sxurlry Iasuument and shall condnua to occupy the Property as Horrower's pdncipal residena fa at l,east one year after the
<br /> ---= — date of occupancY, unless Lendu othawIse agi�ees in writing. whieh consent shall not ba unrexsonably wIthheld or w1ess
<br /> , eatenoadng e�rCUmstances e�cist whlch are b+:yond Barrower's conuol.Horrowu shdt na dcsQUy,u+���sa v'r im-j.:r L`st Pa�j�Ly.
<br />_---- Albw the Property ta deteriorate�or commii waste on the Properiy. Borrower shall be in default if�ny forfdtur�a�cdon or
<br /> "`""-' procading,whatha civil or cciminal,is begun that in L.ender's good fafth judgment could result in forfeiture of�he Prope�ty a
<br />=°����� other�vise matoiially impair tha liu►created by th�s Security Instrument or L.uider's securlty intaesG Borrowa nuy cure such a
<br /> default and reinstate, as providod in paragiaph 18.by cawsing the acdon or proceeding w be dismissed wiU� a�u�n8 t�t. i�
<br /> Lender'a good faith detecminubn,proeludes fo�feiwre of th�aorrow�'s intuesR fa the P,ropaty or othec matai�l Mp�fnriee►t of
<br /> ------ the Ik�crcat,ed by this Security I�utrument a Lenda's security int�erest.Borrower shaU aLso be in defiult if Bonc+ower,during tho
<br /> loan�pplication proce.�s.8eve materially false or inaxurate infom�adon or stateme.nts to I.ander(oc fiiled tfl provlde Lenda with
<br /> � m�y mearinl lnformadon) in connection with the lam evidenced by the Note. lncluding, but not limiud to. repr�xnntb�s
<br /> conceming Hon�owu's occupancy of the Pcoperty as e principal residenca.If this Sxurity Instrument is on s kaselald,Borrowu
<br /> shall comply with all the provisions of the kase.If Borrower ecquires fa dd�w the Property,the lessehold and tlie fee dtle shall
<br /> not merge ivnless L,ender ag.rees w the muga in writing.
<br /> 7.Protection of Lender'a Ri�6ta ie the Property. If Bocrow�s fails to paform the covcnnnts and agrcementa contained in
<br /> thls Security Instrumen4 or there is a legal procooding thac may signif'�candy affect Lender's rights in the Propaty (such ai a
<br /> :;�� procading in bnnk�uptcy.probau,for conclemnadon or forfeinue or to enforce laws or nguladons).then L�endes maY ��d PgY
<br /> !a whatover Js necessary to protect the value of the Proputy and Lender's rights ln the Pcoperry.Lender's act�ons rrury include
<br /> paying any sums secured by a lien which has priodty over this Secudty Instrument, appearing in court,l�aYNg �o�bk
<br /> . auomeys' fees end entuing on the Property to mske repairs.Although Lender may take action undu this para8pph 7,I.endex
<br /> does not have to do so.
<br /> �...., My amounts disbursed by Lender undu this paragraph 7 shaU become additional debt of Borrowu secu�ed by thls S�curity
<br /> InstxumenG Unless Sorrower and Lender egree to otha terms of payment, thesa amounu shall bear int�erest from th�s dste of
<br /> . disbursement at the Nou rate and shall be payable.with interost,upnn notkc from I.ender to Bo�rower roquaspn8 PaYmenG
<br /> — , S.Mort�age Insurance. If Lendes required mortgage insurance as a condition of making the lowt secund by this Socurity
<br /> Instnrment, Borrowu shall pay the premiums recluired to maintain the mortgaga insurance in effecG If,for any reason, the
<br /> �.._�;� � mortgage insuranca coverage required by L�nder Ispses or ceases to be in effcct�Borrower shall pay the premiums rtquiral to
<br /> _===°-_� obtain coverage substantialty equivalent to the mortgage lns�rance pre�viously in etfect,at a cost substantially equivaknt to the
<br /> --_,,�==;;� coyt to Borrower of the mortgage insurance proviously ln effect, from an alternato mortgage insurer approved by Lenda. If
<br /> _-='�n�� substantially equivalent mortgage insurance coverage is not available,Borrc�wer shall pay to I.enda each month e sum ee�ual to
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