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<br /> S. HRZprd or Pr��perty In�urance. Borrower sl�ull kccp the improvement; now cxlsting ��n c�r�:iller r.rcctal on iho
<br /> F'roperty inrurexl against loss by fire, liazards included witl�in the term "exterxlod coverwge" urxl any n1t�i��� her.nnl�, iixludln�
<br /> fl<xxls or Ilonding, f'or whiqh [.cntier requires insurancr,. Thls insurance shall t►e maintaineci In the amnutttr��nd lur Ilic�xrials
<br /> thi�t l.rnder requires. The�nburnn�c carrier providing tlie insurance shall be clzaren by [3�►r►�uwer,ubjecl lu l.cudcr'w u�qm�vrl
<br /> which shall nat bc unreasonnbly withhcld. If Borrower fails to maintain coverage descrlbaf aFxw�. I��►dor m�y, at Ixixkr'R
<br /> apticm,c>bta►in coveruga to pr�teet•Y,eixl�r's rights in tho Propeny in accordance wi�h parAgraph�'.
<br /> All insurance policir� uud reneanls shall tx acceptsble ta t.ander atxl shall lnclude u sixtxfa�+ti nt¢�dgnge cl��unc. Lrnder
<br /> shall hnvo tha rjsht ta hold tho pc�l;cics unci renowals. 1f Lender rcquircs, 8orrower shall pmmptly givc ti� I.cnder ull rci.�ci�Nh of
<br /> pxid premiums nnd renewtsl notices.In the event of➢oss,Barmwer shall give prompt n�►Nce to thr insurence curricr+md [.axkr,
<br /> Lcnder mny makc proof of lnss if nat u�adc promp►ly by T3nrmwcr,
<br /> Unles�I.�ndec and Banower atherwise ngree in writing, insuranee pmc;tlods sh�ll be Appllod tn restorali��n nr rcpair of the
<br /> Pmperty damnged,if the restoretion nr repair is economicaUy feasible and L.eniier's security is►x�t Ie,�Kiw�l,If th�recic►rrliun ur
<br /> repuir•is not economicaUy feasible or i.ender's security would be lessenal, the insurance pmcaxix shall l�r,c�ti,q�t.�Ta�eh�sumx
<br /> securod hy this Sa;urity instrument,whether or nat ihen due, with any excess paid to Aormwer, tFl�crr.r.crv�er. �wxJr,►nx lttC
<br /> Propeny,or does not answnr�within 3� days a notic.e.from I.endcr th�t the insurance carrier h�.c ot'.1zr.�f r.v sc�tJ�H:d:�i+�,then
<br /> Lrndee ms�� colls�! the insurnncG proc�uls. [.ender nuty use the procoods to :�i� or rc.tore the �rcraen;� nr. 4Y► r+M,y .ums
<br /> sacured by ti�is Sa:urity It�suutntni,�rhether ar not then due.The 30-day period wil!txgin when thc naicc is givcr.�.
<br />' Unless L.ender Attd �iatTOwer othenvise Lgrce in writing, any application of pratiais to principal shall not exttnd or
<br /> postponc the due date af the monthly p�yments referred to in p��r�ngrap�ls 1 and 2 or changa tk�e amount of the p�yments. if
<br /> urxier parngraph 21 the Froptny is•pcauirrd by�endor,Borrower's right tu any iasurun�.�e policies aixl proceed:rGSUltins fram
<br /> danuge to the Propeny�priar tp the act�uisillon shnll pass to Lendcr tp the extcn:af tha sums securod by thi�Sec�uriry Instrument
<br /> immcdlutcly pri.or,rn thb ac•.quisitipn. �
<br /> 6.Occup�rc�r,he.�rvnflon,�M:�in�tenance And Protection�:F R3�e property;Rorrower's I,wn Ap}slk�tfon: Leaseholdr.
<br /> Borrower shslL occ�ty,esti�tillsii;�and use�ho Pct��erty as Bnrroiver'a prir�cipNl r�sidence within sizty si�ys atier the execuelon af
<br /> thi�Sxurily Ynstrumcrn and shall eontiriue co pacupy the Property as Borrower's principai residencx fa at least nne yar+� •
<br /> the d�te of occupencX,unless Lanrier otherwise agrees in writing,which consent st,all txx be unra�.notybly withheld,or unlar
<br /> extenuatlnQ circumstan�es,exi�l which ure beyand Borrower's cont�rol. Borrower sFull r►ot destray,�;�una�e or impair the
<br /> Psupsriy, ;.l�c�: ::; "„yc;t-r io.ilaicriv.raie, or comntit waste on�the Froperty. ��rrowar siuil be tin detauit if any forfeiturc
<br /> �clian or p�v�caociing, whcther cibiJ or c•riminal, Is:besurl that in L�nder's good faith judgment c�ould rault in Forkitune nf the
<br /> Property or athenvise�rcw�leri,ally iiftpafr 2hr,liCn ctented by this Sccurity Instrument or i.ender's savrity Inteaast.Horrovuer m�y
<br /> curo tuch e defiult and rci�nsratc,as provided in�parueraph 18,by causing the action or praYeding to bedismis�ed with a ruli►�
<br /> thNt, In Lendcr'x goocl futh cieurtnin�tion, pzeclddes forfoiture of the Borrower'v intercst in thc Yropeny or athar rroterid :
<br /> impRirn�nt af the licn c�eaeect trx ehis Sccu�ity Instrument or Lencier's security interest. Bomower slull �lso be in defiult iF
<br /> Horrower,durin�the Ioan app[ication prncess,gave mntorlslly false or ineccurate infornwtion or st�temrnts to l,erider(or tailed
<br /> to provide I.ender with any r►u�ter.i.a,f�infe���r�atidn)in eonnection wIth tlx loan evidonad by the Note, includin�,but not Ifmfted
<br /> to. teprCeentatione concxmeng Bbmvwer's occupxiicy.of the�Property as a priixipnl reaidence.If thit Security Inwment i�oa�
<br /> lea�dwld, Horrowe� ahdl comply v�itli all•the.provisions oF.,•the Icase. If Borrower ucyuircs fa title to the Property, the
<br /> laielwld�rd the fa titk sh�o not rr�etge itnttlss l;ender agree�;to the�merger in w�iting.
<br /> 7.�lqbqbn o[i.ender's Rt�iits�i�ro ihe'Nnipfrty�If.Barrow•er�fAils to perfoRn th�ooven�nts ud�nen�enu ooncaine�!in �.
<br /> thi�Security lnstrument, or there is.j 7egal pro�eeding thnt mey,si�iotficandy affect Lender's rights in the Pnoperty(wch iu�� "
<br /> praoeedip�fn bu�kruptey, p�ob�e, fen tonciem»ntion or forfeiture or to enforce lawa or rtgulntiont),Ihen L.ader rrry do�nd•�.. .
<br /> pRy f4r whateve� ie nccessary to pxmta,t•the vuluc of 2he Propeny and l.e��lcr's rights in the Pmperiy. I..ensler's �cti�ro mny
<br /> include p�yin� my sums securod by ��lien which ��as priarity'over this Security Instnimant, appeuing in ooun, p�yia� .
<br /> ►ea�onabb�ttomoy�'feea and entering a�.n cha?ioperty•to make repaiits.Although Lerxler nwy Wce action undu this p�r�nph
<br /> 7.l.ender doe�nat h�ve to do sa. � , • ; • ,.. . .
<br /> Any �rt�ounts disbursed by L.end�r un�er this pnrngraph.7 stiall btoome addit9onel debt of Bort+uwer �ecurod h� thit
<br /> 5enirfty InNrurtkrM. Unleae Horrower xrd Lenr�2r n�ree to nther'iern�.s of payment, these�unounts ahdl bar intenu Nvm the
<br /> d�to of dlrbunert�e�t wt thc Note rate s►nd stwl9�be ��nyabl�,°with�i»ttr�st, upon notice from [.er�dtr to Borrower roquas�in�
<br /> {�YmoM.
<br /> i.Mort�l�uue�ulet. If Lender required tnciri�agti��ir�su'rsince a.e��ondition o�mtk+�ag the Inan socured by this Security
<br /> 1ro�ttument, Bom�wer �11 pay the prcmiums reyairccl�to rnl��ninin Rhe;n�qgaga insurance 1n effoct.If, for my�raeen, dk
<br />= moK�e ftuu�nce ooverye rcqutred by Lenckr lap�es.�ir cta�es t�,bc in�effec�,Horrower shall pay the prertiiums roquiroci to
<br /> obtdn�ovotye�ubnanlially equivalent to the morlgr��;e 3nr3urancr.pre�iausly ii'�effect, at a cost subst�ntially equfvalent tp tMo'
<br /> cat ta 8orrower of the mortgage incurance previoue�y in Ktfeci, from•aut aliernate r�wrt�,��.i insurer opprovod by Lcndcr. If
<br /> wbt�Mi�lly aquiv�lent r�x�rt�{aga innurance covengc+�no2�ti•nilnb.l�,�3'R1�'N��'9IINI(�7'IO;l.:endcr each month a sum eyunl to
<br /> �ne-twelfth of the yarly nwrt�rgc Ineurance prcmiurr�•bc;ng�nid t�y'IIorr��ver�vher,.the�nsur.ince rnvenge Iapsod or oe�GOd to
<br />_ be in effoct,I.,encbr will��cept,u�e and retain thrse��i�y.men�ta a� n loss rc:;�n�e in litu o1 tiROngage insu�encx. Losc rrse�vc
<br /> r•orm 3028 9/60
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