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<br /> �� 98- �t���
<br /> S. N�ard or Prnptrtylnsursnce. Bo:row.cr shnl! l:eep the lnipm�ctnenta na� existing or hr�nA�r� r�Pr�� on th�
<br /> PropcRy inxure.d ngni�st loss by t"tro, huutrdg included within the term "extendat r�veragc" and s►ny othcr hara►rds. including
<br /> tloc�ds nr flcxxling, for whtch I.cndcr rcquires insurunca. This insuruncc shull bo muinuiinod in thc nnx�unts nnd f'�t tfic�rlods
<br /> that l.ender rcquir+e.g. The insumnce cs►rrier prc�viding the insurance nhall I►�cho�en by Hormwer subacct to l.ender's approval
<br /> whicl� Khafl not bo unreasonably �vlthheld. If Anrn�wer fuilh to muintuin caveruge describcct abavc, Lcncier may, ut I.ender's
<br /> optian,obtain mvcrbec to praat I.cndcr's righte in thc Pruperty in uccordunce with pun+graph 7.
<br /> All Insurance policics ss►d r�newnle �hnll tx:ucccptublc tn l.cixlcr und shull includc a stimdtad nwrtgngc clnusa. Lcnder -
<br /> At�ull hnve the right to hald thepc►iicies nrW renewulK.If I.ender requires,Aonowcr shull prumptly give to Leixlcr+dl recetpte of
<br /> pnid premium9 nnd renawnl nrnk�:s.in the event of lnss, Aorr�wer shnll give prompt nnticc to the insurimec carrier�nd I.encler.
<br /> I.cnder may meke proof nf los�iP not madc promptiy by Borrawer.
<br /> Unless Lender and Borrower otherwi5e agrea in writing,inFUrance proceeds�hull be applial to restoration or rcpalr nf thc
<br /> Proparty damaged.if the restoruion or rep�ir is economically fcusiblc nnd I.cndcr'e securiry is not lessencd. If the re.tomtlon or
<br /> repair t4 not eco�eomically�e�+sible or [.endoPs security wauld bc Ie.vsened, the insurance procceds shall be appliat to t1u sums
<br /> �ecu�ed by this Security IresRmment, whethcr or not thcn duc, w[th uny excess paid ta Harrawer. If Barrowcr abandons the
<br /> Pr�perty,oR does not answer, witLhin 30 days n notice from L.cnder that the insuranc�car.�ricr hus affered to settle a clain�. then
<br /> Lender may cnllect the insmranoe proceeds. L.cndcr mny usc thc proccais ta repanr or. rrstQre the Property ar to pay sums
<br /> securcd by this Secur�ty Insirumerat,�rfietCrcr or not then due.Thc 30-day period wi1G beger,i when trie ncrticc is given.
<br /> Unless Lender and Bo�row�r a�[�crr���v agrcc in writing, any application oG pcucecds tu priz�cipni sha�� not extcnd or
<br /> post�rone the due date of tsnx;morrthlX� paymetits r�eferreQ ro in par.igraphs 1 and 2 a�r cbunge the amount af 1�7c payments. If
<br /> axter paragrnph Z1 the Prc�lrr�rt; .is acs�uired by I.ender, Borrower's right ta any in�a:irnnce policies end praceeci�:�r:switing from
<br /> damagc to the Property prlcar to ttse acquisi�iQn shall pass to I.ender ro the extent of tlu sums securod by this Securlry Instrument
<br /> immcdiatcly�rior to t�e actqaifsiqan.
<br /> 6.Occu�►ncy,Prescr�,�:z�afon�Matntenance nnd ProtecUon af tBa�rr'a�nperty;Borrower's I.�n Applicatton;I.easehaB��.•.
<br /> Bomower shall occupy.esta�lish, and use the Property as Barmwer's pria�ei�l nsidenct within sixty days efter the executlan o�
<br /> this Securtry Instniment mz.� sh:�IZ wntinue to occupy the Property as Borrawer'9 principal residence far at least one yeur xiler
<br /> tiie ciute of cwe;upancy,unies.,l���dcr udiCrwise agrees in writiiyj;, w3aicii�onSCnt sha:l r.ot be unm.suonably wltl:held,Of Ulllf9q
<br /> extenuuting circumstances exist �vhieh are beyond Bonower's c��tn�l. A��rnver shull not destroy. damage or impair t6�
<br /> Property, allow the Property w �eteriora�c•, vr commit waste on th+� Property. eonower shall ba in default if any fort'eiture
<br /> �ction or proceeding. whet�n•rr eivil ar criminal.is begun that in I.end�r's goal fnith judgment could rault in torfelture of the
<br /> f'ruperty or otherwise matoripny ampsiir the lien creAted hy ihis Security Insuument or Lender's aecurity into�•esi. L�o�TOwer may
<br /> cure such a default a►xl reinsta�e, as provided in paragraph 18.by cAUaing.the acdon c�r proaeding to be dismia,rd with a ruling
<br /> that, in Lcnder's good faith duemunation, precludes forfeiture of�h� �iormwer's intenst in the Pcoperty or other matedal
<br /> fmgslmxnt af the lien creaZ�b�t�is Scr�r�ty Instn�men! or 1 nn�Pr'� �e�•1�rity Intere.ct.&�rrower�hall also be in defaltlt if
<br /> Borrower,during the loan.a�pplication process.gave rnaterinlly false or inaccurat�in Pottnadon or stntements to L.ender(or felled
<br /> to provlde Lender with any rnaterid inforniation)in rnnnection with the loan evidenc�d by the Note, including. but not limitod
<br /> to,c�epresentndons concemingea►rrower's occupancy of the Property ns A psincipal re:sideme. If this Sccudty Instmrr�nt is on a
<br /> te�schatd, Barsower sh�ll comp_y wilh t►ll the provisions of the lease. If Horrower acquires fee title to the Property,the
<br /> ' , lrn�;hold anc�thc fa title shall no.t merge unless Lender agrees to the�nerger In writing.
<br /> 7.ProYection of I.ender'e Iiights(n the Property.If Borrowcr fuiDs to perform the covenants nnd agreements contained 9n
<br /> thiF Securlty ItutrurrKnt,or t4ere is a legal proceeding that may signlficandy affecs Lendcr's rights i�the Property(such ag a
<br /> procceding in t�anicniptcy, prubate,for condemnation or forfeiture or to enforce lnws or rogulations). then I.�'nder may do and
<br /> pay for what�ever Is necessary to protect the vatue of the Property n�id C.ander's rights in the Property.L.ender's actians may
<br /> include paying any sums saur�d by a lien which has priority d�ver this Secudty Instrutnent. appcari�g in court, paying
<br /> reasonable attomeys' fecs andentedng on the Properry to make repuirs. Althaugh Lender may take action under this paragmph
<br /> 7,[.ender does not have to doso_
<br /> My amo,unts disburs�d by Lender under this paragrnph 7 shai� �pcomt uddidonal debt of Rorrower secured by this
<br />. Security Iasl�iianetlt. Unless Borrower ared Lender agree to other terrns of payment, these a�nounts shall bear interest from,thp
<br />° date of disbbrsement at the Not<rate:rrad shall be payable, witt� s�terest, upon notice from Lender to Bornower requcsting
<br /> PaYment. '• • • �
<br /> • 8.Mortgsige Insurance.if Lender required mortg�ige fnsuranct�s a rnndition af maki��g the loan secu�ed by this Security
<br /> Inst�ument, �pmower shall p►y the prcmiums required to maintain thc mongage insurance in effect. If. Par un� reason,the
<br /> mortgage lqwrance covcragercquired by Lender lapses or cxuses to tx in effect,Bottawer shall pay the pnmiutns roquired to
<br /> obtatn coverage substantially equivalent to the moRgage insurance previously in effect. at a cost substantially equ[valent ta t�t
<br /> cost to Horcower of the mongage insurance previously in effect, RQOm un alternate mortgage insurer approved by Ixndcr. :tf
<br /> substantially equivalent mortg�e insuruna coverage is not avuilable,�Botrower shall pay to Lender each month a sum equ+U ta
<br /> one-twelfth of the yearly mongage insurance premium being paid by$orrower when the insurunce coverage lapsaf or oet►sed to
<br /> be ln effat. Lender will accept, vu and retain these paymonu as a loss reserve in lieu of mortgage insurence. Loss reserve .
<br /> Form 3028 91�D
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