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<br /> 5. HAZ�rd or Property Insur�. Borri�wcr shull kcep thc imprcivcmcius i�cxlsting or hirciificr crectal �m thc
<br /> Praperty imurcd ubainst lo,r hy firc, huzurds ineludccl wftliin Ihc tcrm "r.xtcndrd ruvcrugc" �uxl uny nthcr huiurdr, including CO
<br /> I�axxls or flcx�ding. for which I,cndcr rcytiires in+urc�ncc. 'I'hlti insunmre shadl bc muinuiincd in�hr umuunts und fur thc peri�xlx !
<br /> thut[.cndcr requircy. 'fhc insuruncc curricr pruviding ihc insurmuc �hull t�:chciKn hy li�rrn►wcr �uhJcct tu l.cndcr'y nppruvul
<br /> which shull not bc u►►rcusonubly withhcld. If Rorrowcr Gdlti t�� muintidn cavcr+�gc dcsrrbhcd nhi�vc, I,cndcr nury, nt l.cndcr's
<br /> opdon,ubtain coverage tn protect I.ender'ti righth in the PrnFx;rty in accurduuce wrtl�pnmgniph 7. I"�
<br /> AU insurunce policies und renewuls ,hull be uccepti�hlc ta l.ender iutd shull include u ,tundiud mun�uge rli�uxe. l.�;nd,r�
<br /> snull huvc thc right w hold thc policics imd rencwids.If I.cndcr rcyuires,Borrowcr shidl prontpUy givc�o Lcndcr ull rccelpts nf
<br /> paid premiums und renewul not3ces.G�the event af loss, Borrower shull give prompt n�tire to the insurunce cnrrter und I.ender.
<br /> Lcndcr may mukc proof of loss if not madc promptly by Borrowcr.
<br /> Unless Lender and Borrower otherwise ugree in writing, insurnnce procecds siiall be upplial to restorntian or repair af the
<br /> Pmperty damaged,if the restoration or repair is econamically feusible and Lcnder's security is not Icssened. If the restoration or
<br /> repair is not econamicully feasible or Lender's securlty would be Iessened. the insurance pcoceals shall be applied to the sums
<br /> sccured by this Security Instrument, whether or not thsn due, with any excess paid to Borcower. If Borrowe.r nbandons the
<br /> Property, or does not answer within 30 days a notice from L.ender that the insurance carrier I�as offered to setde a claim, ehen —
<br /> Lxnder may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security lnstrument,whether or not then due. The 30-day period will begin when the notice is given.
<br /> Unless L,ender end Aonower otherwisc agree in writing, any application of proceeds to principal shall not extend or
<br /> p.�stpone the due date of thc monthly payments refened to in paragraphs 1 und 2 or change the amount of thc payments. If
<br /> under paragraph 21 the Pruperty is acquired by Lender, 1Borrower's right to miy insurance palicies and proceeds resulting from
<br /> damage ta the Property prior to the acyuisition shnll pus to L.ender to the extent of the sums secured by this Security Instrument
<br /> irnmediutely prior to the acquisition.
<br /> 6.Occi�pancy,Preservatlon,Maiiitenance and ProtectIon of the Property;Barrower's I.oan Application;Leaseholds.
<br /> Borrower shall occupy.establish,and use the Property ns Borrower's principal residence within sixty days after the execution of
<br /> this Security Instrument and shAll cantinue to occupy the Property as Borrower's principal resldence for at least nne year after
<br /> tt3e date of occupancy, unless l.ender otherwise agrees in writing, which consent shall not be unreasonabty�vithheld, or unless
<br /> extenuating circumstances exist which are beyond 13orrower's control. Borrower shall nat destroy, dmm�ge or impair the
<br /> Property, altaw the Property to deteriorate, or cammit weste on the Property. Borrower shull be in default if any forFeiture
<br /> actinn or proceedine, whether civil or criminal,is begun that in Lender's fiood ittith judgment could result in forfeiture of the
<br /> Property or otherwlse mnterially impuir the lien created by this Security InstNment or Lender's security intere.st. Bonower may
<br /> curo such a default and reinstate,as provided in pnragmph IS. by causing the nction or praceeding to be dismissed with a ruling
<br /> tl-�at, in Lender's good faith detcrmination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> • irnpairmont of thc lien created by thls Security Instrument or L,endcr's security interest. Borrower siwll also be in default if
<br /> '. Borrower,during thc loan application process,gave materially fnlse ar inaccurate informatton or statements to Lender(or failed
<br /> to provide Lender with any material informution)in connection with the laan evldenced by the Note,including,but not limited
<br /> to,representations conarning Bonower's oe;cupancy af the Propeny us a principal residence. If this Security Instntment is on a
<br /> l�asehold, Borrower shnll comply with all the provisians of the Iease. If Borrower acquires fee titla to the Property. the
<br /> • l�asehold and the fee title shall not mcrge unless Lender agrccs to the mer�er in writing.
<br /> ' 7.Protection of Lender's Rights In the Property. If Borrower fails to perform thc covenants and agreements rnntained in
<br /> ' � tt�is Security Instrument, or there is a legal procecding that may significantly affect I.ender's rights in the Property (such as a
<br /> ' proceeding in bankn�ptcy, probate, for condemnation or forfeiture or to enforce Inws or regulations). then C.ender may do and
<br /> pay for whatuvor is necessary to protect tho vulue of the Prope►ty and Lender's rights in the Property. Lender's actions may
<br /> include paying any sums secured by a Iten wliich has priority aver this Security Instn►ment, appearing in court, paying
<br /> reasonable attorneys' fces and entering on the Property to make repairs.Although Lender may take action under this parasraph
<br /> 7,Lendtr dces not have to do so.
<br /> Any amounts disbursed by i,ender under this paragraph 7 shall become additional debt af Borrower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to othcr tcrms of payment, these amounts shall bear interest fram the
<br /> ° date of disburscment at the Note rate und shall be payanle, with interest,upon notice froire Lender to Borrower requesting
<br /> payment.
<br /> S.Mortg�ge Insumnce.If Lender rcc�uired mortgage insurance as a candition of making the loan secural by this Security
<br /> Instrument. Borrower shall pay the premiums required to maintain the mort�age insurance in effect. If. for any reason, the ,
<br /> mortgage insurance coverage required by L.ender lapses or ceases to be in effect.Bonower shall pay the premiums required to
<br /> . obtain caverage substuntially equivulent to the mortgage insurance pr�viously in effect,at a eost substantially equivalent to the
<br /> cost to Borrower of the mortgage insumnce previously in effect, from nn altcrnnte mortgage insurer approved by Lender. If .
<br /> � substantially equivalent mortgage insurance coverage is not avuilnble,Burrower shall pay to[.ender each month a yum equal to
<br /> ! one•twelfth of the yearly mortgt�a insurnnce premiurn being paid by Barrower when the insurance covernee lapsed or ceatied to
<br /> bc in effoct. Lender will acccpt, use and retuin these payments as a lo�.c reserve in lieu of mongage insurance. Loss reserve
<br /> ; Form 3028 9190
<br /> , Pepe 3 of 8
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