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<br /> � 98�-i��s�o�
<br /> S, M�x�� ur iM►perty in+ureu�ce, &�rrnwcr shall keep thc improvements nuw existing or hettaRcr erecte�! on tha
<br /> Prupeny inx�rod agwinst loxs hy fire. hnzarcls irecludod within the term "extended caverage' snd uny atTwr hezards. includiisg
<br /> tlaxls or Ocxxiing,for which I.eixler rcquir�s insur�ince. 'ihis insura�x;c shnit tse maintaincd in Ihc amoutus ami for thc periais
<br /> th�l L.anitr royuires. The insurarKx carrier providin�the insurnnce xh�ll t�chosen by Borrower subjtct ta I.eixier's appmvsl
<br /> which sFwll not be unre,�,uttwbly withhcld. If Bomawer fails to mnintain c�voragc de.�cribed above, L.encier may. at Lencler's
<br /> option,obtein cvverage ra protect L.ender'�righes in the Property in uccordance with paragraph 7.
<br /> All insuranec Ex�licics anci rcnewals shall 6e ucceptable ta Lendor and tihAII Ii1CI11dC A 5�8111I8[d Iltp11�'A�'0 CIaIISC. I.coder
<br /> shall heve the right to holcf the policies and renewals. If Lender rcquires,I3ormw.rr.shall promptly�give to I.cnder all receipts of
<br /> paid prcmiums;�nd rencwal natices. In the�vrnt uf loss, Borrower shnU givr,pr.nm�ri mxi.r�tn tho insurnncc carricr and Lender.
<br /> Lcnder may make prcx�f of lo�s if not m�k prompAy by Bom�wer.
<br /> Unl�ss Lendcr and�rrower�tl�erwi�e agrce in writing. insurance proce�ds�JtnJl.bc�n�li,�l t�restoration or repxir af the
<br /> Pmperty dnmagal,i.f.tTt,e restomtion or repair is r:coitr�mically feasible ancll.aa,cl,er's security is n�or.I:�s:�erned.Lf the r�storation or
<br /> repair is aot���onnin.i.ci.�ll.y fcasible or [..cnder's�recWr.i.ry wout�!bc lesscned,ttx:insurance proceects �al.l.be a�pliad to tha sums
<br /> r +e�urq�I.'r� I.fti.s Socttrity [n.stxumcnt, whethe�ac naC ibn�o du�� wi.rh any excrss paid to Barrower. If�k;►;rnwcr aband�ms the
<br /> Prop�ny, or dn.es r.�a�swer wi�.in.30 d�►yc a.,otic�fmm 4.�n�fPr i;h;�t the inc����r�:��rriec hn.s offere� to settle s clsi�, rh�s
<br />!� Lender�fia�y ,�l.[�a ttxV �nsur.ar.�r prrx:eds. Lemler may use thr..��rn2ceeds t� rcpair or e�.srr�ati the Property or to pay sums
<br /> secured by ifiis Secur.ity Qe,srr.c►rn�nr.,whether or not then due.The�f7�day pericxxf.will begi��Wfirn the notice is given.
<br /> ,} Unlsss Lender and Bvrrower otherwise agree in writing, any upplirar,i;a��f�f procotds to�rincipal shall nat exterxl or
<br /> i, �x�stpui�e ihc ane date o£the montstly payments referrcd to in paragraphs E ;i�,l: c,r chcxnge che airbunt of the payments.If
<br /> Y urder p�rs�grAph 21 thc Pn�xny is acyuind by L.ender, Bormwer's right to nny�i�a:a�is�ne�.,J�.�lici�a�sd pra�eeds resulting from
<br /> g damage to the Property p�ior to the ucquisition xhall pass to Lender to the extent of th:surri�securcd by this Security Instcument
<br /> - immai�tely prior tu the�Gquisition.
<br />� 6.Occup�acY,P��e.�i�vrtbn,Malntenance au��f�'rotection ot the!'ropart,y';1B�rruwer's I.oan Applkadon;I.dxlwld�.
<br /> Borrowcr shall occupy.us�ablish,and use the Pr+o}ti:rc;�ns Borcower's princi�7 eysj�,;�nce within sixty days after the executionof
<br />�� this Security Instrument and shall continue to occupy the Propr.ny,as Horrowec's pri�cipal tfsidence for at teast one year after
<br />� the date ost;occu�ncy, unless Lendcr cpcherwise agrces in writin�;.,tii•hi;h consent shalt nc,R`br unreasonably withheld, or unleu
<br /> extenu�tai�; ;ircumstances exist whirJs. are 6eyond Bormwer'x.c.nnt�l. Bnnce��vrr rhalf� nn4 �lrct�+ny; rlsnao� �r ��� �t�
<br /> Propeny, �allow thc Praperty to dcterioratc. or commit waste cn the I'ropevt3•:'il��rower �all be in defAUlt if any forFeiture •
<br /> sction or procoeding, w•}reL§er civi! or erimiru�l, is begun ttut in l.ender's gocez�:i�ilh;judgm.°nt could rcsult in forfelbirC of Ihe ,�i :."
<br /> Prap�ng or atherwis�,�ii:�'r`ia�ily ipi�a;t�t'•t!u lien creatod by this Security instrumcnc rir�.etriDes's security intercst. Borrower�rry
<br /> cure such a default un�.���ita,�ipi�,ns`Ip'ra��itlec! in paregraph 18, by causing the acdnr,r�7; nr:cY�ec!i.r.g to be dismissed with r nuli�g
<br /> thut, in L.eixler's g�uEf;.tajtl�i�detetnyin:uion, procludas forftiture of the Borrow�r`g,dl���r�a1 in •the Propeny or olher mated�l
<br /> imppirnrcnt of the lirri trent¢d by this Security I�u�trument or C�ender's securir�:inleiest: ���snwer shall also be in defitult if �.
<br /> Aorrowrr� during thc��]nsin application proas.s,g�vq�naterially felse or inaccur�ttc in'lor►nAtlop or statements to Lender(or fi�Iled �
<br /> •to providc,[,tndcr wi� sany materiel information)in conncction wlth thc loan"evid�ni,rod by tlie Notc,including,but not limittd '
<br /> to,repre�eisirti'�s�ncerning Borrower's occupancy of the ProFcct�as a princi�iJ�rts�dt►ii;'�.�1r,�hfs Securiry Inslrumeait is;t�n a, ;, .. ,
<br /> Ie:�sehpl�, t�orrower shall comply with all the provisions of thd itrase. If pc4�Yo�t�r.?+��i�iice,e fee tide to the Propetty;;,�hc� �`.;�+��:"_
<br /> ipsehold a'�id the fa tiNe shall not merge unless Lender agras to the merger i��;iv.ritin�.,�'.'� '� ; `�';�,�•;:,''�:::
<br /> ;..�� 7.Pr�oteetiou of L,a�der's P.I`bte!n the Propa�ty.If Bormwer feils to�1sl�orm��f�.covenants and�greemarts containcd in ';i�• '_
<br /> 't9�is Security Instmment, or the�r is a lcg�i proceeding that may significantly a4'���r.i 7:�ndtr's rights it�the Propecty(such ase ��•�.`�'=
<br /> ., . ,� .:_:
<br /> .,=. procooding in b�nlcruptcy,probate, for oondenu�ation or forftiture or to onfurcc�I�.xvs Lr'r.eti.gu�ations),then Lender may da ud 'j,:=
<br /> �'�•. p�Y for wh�tever is�x�essuy to protoct the v�lue of the Property and I.endor's �a�hts In tfie P�operry. Lender's acxions�uy , ,ti;:•
<br /> �. ;�f.'.;,, include paying any sum5 secural by a lien which has prioriry over this Sec}td�.ity I{�initnent, appesring in court, p�yar�..,..:;•.'.'�
<br /> ' 'r, rea�onable attomeys'fi��s and entering on the Properiy to rnake repairs. Althougl�:�ender rixy talce action un�er this par�gr �..:.
<br /> '�°.��•,., . .s�:�
<br /> .7, [.ender dues noi havr�'r.o do so. i;;. .: ,,f�,�,: .,.-
<br /> � Any amounts disbursed by Lendar under this paragr�ph 7 shall bxome stlditionel debt of Hormwer sxurod t�.;� �this ,:,'• •
<br /> Security Irutrument. Unlcss Borrower and Lender�groe to other tcrnu of payment, dxse anx�unts sh�l! bar intereat fro��s:�iht;'� '
<br /> date uf disburscment At the No1e rate and shdl be payable, with intertst, upon ratia from I.ender to Honower requesti�ri$
<br /> • �;�ayment ,;� .
<br /> p 8.A�Ivrtg#ge Inburance.If Ltnder�quiral mortg�ge insurance as a condition of m�king the loan securod by this Securiry ��� ��
<br /> ,�! � • Rnstn��rxuc, 9orrower shall pay the prerr�iums roquiral to maintain the mongage insur�ncc(n effert. If, for�ny rea�n. the •
<br /> '�s rr�n�:�ge insvrance cov�rage rcquir�l�:4�;Lender I�pses or aases to be in effect, Borrower..,la��:'.pay the prcmiums roqua�r.;i�t 1n
<br /> s obtaits�eov.c:rage substsnti�lly equivaieva��rsS the mortgage insurana}�roviously in effect.at �,otos�t wbstu�tially cquivafule,qc�;the
<br /> ; .��t�8arrower of the mortgage insuian�x prevdously in effect, from an aPc��!/�,i;ice xnortgage inwrer appnTVai by Lendcr. If � • __
<br /> 1� . s��'tA.�aruj�il.y eyuivaicnu LnortEage insurance cdvecag� iis not available,Bonrovu�iv shnl�J(na:y ta Londer exh mo�th a sum oqua!to
<br /> � ' •c�r��ivt+siEr�n bf thc yearly mortgage Errsur.u�ce�Src�r,niu�r�l�eing��b}•.$or��wrr �4`aec'�he r„r,,;�.�r.sixce covcrage lapsed a c+ezi;�+e�l�io
<br /> �� bt in Cifect.I.ender will accept.use au�d m�in Ihesepc�ymr�ers crv. r,�':T,s� �c�era,e,�,� •�leu or �r�*etgage insurance. Lass 1Rt;t:.,•"raY
<br /> � Forrn 3028 9H0
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