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<br /> S.H�rsrd or Property Inaurance. Barrowcr slisll kcep U�a imptavcmcnts nrnv cxisung or hr,r�ftcr crected on Qie I'roperty : "
<br /> � insurcd agalnst los.g by firc, ha�.ards inclttdcd wlihin Iha tcrt�� "extcndcd covccagc" and any othcr hnryards,including floods or � . T•:�;_
<br /> '; floadin ,for which Lcndcr rcquires insw�ancc.'Il►is insurnnce shnll lxi mnintaincri in thc amoun�v ond for thc pertafs thut Lcndcr ' .�� .•::j��
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<br /> requires.'Ihe insuranco carrier providing tha insurnnc�e shnll ba chosen by Dorrower subject to 1.endePs npproval which sh�ll not :, ;"4.;••;�l ' ..,,�
<br /> bo unreasonably withhald. If Borrawer faiis to m�lntnin covcmgo described above, Lcndcr mny, at I.cndcr s opt�an, obtain ':��y;r,;:.;;,�. #.
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<br /> covccago W protcci LcndcPs righGc in tho Property in accordnnae with paragrnph 7. � `:;;,i�:°��+�:.`•�i�,
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<br /> All insurance palicios and renawals shnll bc acceptabla to l.endar nnd shNl include a standerd mortguge clause.L.ender sh�all , :.� •,n�:,�;�tt��:;
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<br /> havc thc dght to hald tha policics and renawals. If Lcndcr mquirr,s,Borrower shall ptampdy givc W Lendcr all receipt9 of p�id _1,�.�;_:_--�
<br /> premiums and renowal nodces.In tha event of loss,Bocrower shnll give prompt natice to the insurance cnrricr and i.ender.I.ender ` d:��¢-_:____
<br /> � may makc proof of loss if not madc promptly by Borro�ver. � �`
<br /> Unloss Lender and Borrower otherwise agrca in writlnA, insurancc proceeds shaU be applied co resu�radon or repair of the ' �.���t':,';xF
<br /> property damsged,if tha testoration ar repair is economically feasiblo and Lender's security is not Iessened.If the reswration or I ����sis�
<br /> `�' rcp�ir is not cconomically fcasibla or Lcndor's security would bc lcssenad, thc insurancc procccds shall bu applir.d to thQ sums � .��;,
<br /> � sccurcci by this Securily Instrument, whothar or not thcn duc, with any axccss paid to Borrowcr. If Burrowcr abandons thc ; �.�.��.
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<br /> , Propecty.or does not answu within 30 days a notice fmm Lender that tho Insurance carrier has offered to seula a claim.then � y.�?H�:
<br /> Lcnder may collect the insurancc proceeds.Lender may u�c tho proceeds w repair or restore the Propeny or[o pay sums securcd ..`�'f�•;�,'
<br /> by this Socurity Instrument,whether or not then dua.'Ihe 30•day period will begin whcn tha nodce is given. i a;�,r;�J�;�:"
<br /> ; , Unless Lender and Borrower otherwise aarcx in writing,any application of proceeds w principal shall not extend or postpona , .;.��,
<br /> tha due date of tho monthly paymcnts referrcd to in pazagraphs 1 and 2 or changc the amount of the payments.If under paragraph s .��e���
<br /> 21 the Propercy is t►eQuired bY Lender, Bonower's r[ght to any insurnnce policies and proceeds resulting from damage to the s ';R„�,
<br /> pcopeny prior to the acquisidon shall pass to Lendcr to the extent of the sums secured by this Se�iuity Instrument immediately -',;,,��
<br /> pdor w thc ar.quisidon. ; ''`
<br /> 6.OccupQncy,Preservotbn�Maintenance and Protcetbn ot the Property; Borrower's Loan Applkadon;Leaseholds. .� `';��-��-�
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<br /> Horrower shell occupy.establlsh,and use the�'tupc.rey as Bonower's principal rasidence within sixty day4 nfter the execudon of _�„,...�,;-_-
<br /> '—_--__-_-= , this Security Inst:ument end shall condnue tv occupy the Property as Horrower's principai ic�i�e�ce for ai ira�t orte ye:sr�t'tr:st�' �;��;�;,-
<br />-. date of occupancy, unless I.ondar od�erwise agrces in wriring, which consent shall not be unreusonably withheld, or unkss ��V�� ---
<br /> � eatenuatinng circumstances exist which are beyond Borrower's control.Bomowu shall not destroy.damage or impair the Property, _
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<br /> • allow the Property to deteriorate, or commit waste on the Property. Borrower sha11 be in default if eny fnrfeiture action or _ _ _
<br /> . proceeding,whether cieil or criminal,is begun thAt in L.endes's good faith judgnr.�►t could result in forfoitwo of the Property or = __
<br /> o��rj��rially impair the lien creuted by this Securiry Insm�ment or Lender's security interesG Borrower may cura such a _ _
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<br />=�� '�.�'.�" default and reinstate� as provitied in paragrnpG I8,by wuauig tix:act�on ar pracceding to E� c!lsatlss^d with fl mling that, in ;, —.-,- ,
<br />�� • ' Lender's good faith detumination.precludes forfeituce of the Barrower's intsrest in the Property or othcar material impairmcnt of - —
<br />„'' �.��1' ' the lien creatcd by thls Secutity Instrumem or Lendu's security incc�tos�Borrower shall also bc in dcfault if Borrower,diuing the �':
<br /> loan applicadon process,gave materially false or Inaccurate information or statements to Lender(or failed to provlde Lsnder with _
<br /> • any matcrial infonnation) in connecdon with thc loan evidenccd by thc Note, includin�, but not limitcd w, repxescntations
<br /> _�:.:w`t.. s. �+. conceming Bamwer's occupancy of the Propercy a9 a principat residence.If this Security Instrumeat is on a lensehold.Borrowu
<br />��""� " ' shaU comply with all the provisions of the IeASe.If Borrower acquires foe title to the Propecty,the leaschold and the fee dtle shall _
<br />_ :`'}`"""' �. not merge unless Lendcr agrces co thc merger in writin8• —.
<br />_ ' ,. . ;' 7.Protectton ot Lender's Rights ie the Property. If Borrowcr fails to perform Ihe covenants and ag,�oements contained in =
<br />�, ' this Socurity Instrument, or there is a legel proceedir►g that may significandy affect I.ender's rights in tho Pmperty (such es a =
<br /> - ._ proceeding in batilcmptcy,probatc,for condemnadon or forfcsitura or to cnforcc Iaws or rcgulations),then Lenda may do end pay _
<br /> -"°' • �; for whatever is necessary to protect ihe value af the Property and Lender's rights in d�e Property.Lender's acdons may include �
<br /> =-�•�';'� ' � paying eny sums secnced by u Ilcn which has priority over this Security Instrument. appearing in court, paying reasonable �
<br /> � �'� aaorncys' fces and entering on the Propeny to make repairs.Although Lendcr may takc action undcr this paragraph 7,Lender
<br /> —' ��?"•�• docs nat have to do so. — —
<br /> ='""� Any amounts disbursed by Lender under this paragraph 7 shall becomc edditional dcbt of Borrower securcd by this Sccurity ---
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<br />-�:,.�;;;,-��:.., " Instrumen�Unicss Sorrowcr and L.ender agrt�ee to othcr terms of payment,thesc emounts shall b�ar interest finm the datc of
<br />� '`� ' ' disbursement at the Note rate and shall bc payable,with interest,upon nopcc from I.ender to Borrower rcquesting paymen� ,��;
<br /> ' � 8.Mortgage InsurAnca If Lcnder roquired mortgage insurance as a condition of making the loan sCCUred by this Security y��,
<br /> Instrument, Borrowcr shall puy the premiums required to maintain thc mortgaga insurancc in effccG If, for eny reason, the ��� �`-�
<br /> mortgage insurance coverage rcquired by Lender lapses or ce.�ses to be in effect,Borrower�hall pay the premiums required to -•., �`"•'F�
<br /> obttin coverage substandally eq,uivalent to the mortgage insurance proviously in effect,at a cost substanuelly equivalent to the ',' ..�:�•_.
<br /> cost to Bocrower of the mortgage insurance previously in offcct, from an alternate mortga�gv insurer approvtd by Lender. If ;,,``,;�;� .i
<br /> � substanially equivalent mortgage insurance coverage is not availabk, Borrower shall pay ta I.ender each month a sum equnl w . .. "�=' �'.
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<br /> one-twelfth of d►e ysarty mortgage insurance premium being paid by Bomower when the insurance covorn�a lgpsed or ceased to �;�-�x� ,:�',�
<br /> be in effxG L.ender will ecccpt, use and retain these payments es a loss roserva in lieu of mortgaga insurnnce. Loss mserve ',•l,:yi,'.;;:,
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<br /> � Form 902a 9100
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