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<br /> 5. Hazurd ur Pr�o{►erty Insurt►nce. Horrnwer shall kccp thc irnpruvcmcnts now cxistin�r on c�rcaf'ter crectcd on the
<br /> Property insured against loss by firc, hcuardr includcd within the tcnn 'extcnded r��vcranc' und uny othcr h:uurds, inrluding
<br /> flond�ar ftocxiinF, fur which I.ender rcyuireti insuranre. Tliis insuranre shall he muintaincd in die anu�untti and fnr thc perinds
<br /> that Lender requires.The insur;�nce carrier providing the insurancc shull be chusen h}•H��rmwcr tiub�cct to Lender',appruvai
<br /> which shull not be unreasonably withheld. If Bonowcr falls tu muintain coveragc dcscritxd ubove. LenJcr may, ut L.ender's
<br /> aption,abtuin coverage to pratect L.end::r's rights in the Property in accordunee with paragruph '1.
<br /> AU lnsurance policies and renewuls shull be acceptable ta C.ender and shull include u stundard mongage clause. Lender
<br /> shall have the right to hold the pulicies and t�enewals. If Lender requires,Borrower shall pramptly give to Lender All receipts of
<br /> paid premiums and renewal notices.ln the event of loss,Borrower shal! give prompt naice to the insurunce carrier and l.ender.
<br /> Lender may make proaf of loss if nat made promptly by Barrower.
<br /> Unless Lender and Borrower otherwise agree in writing. insurnnce proreeds shall be applied ta restoration or repair of!he
<br /> Praperty damaged,if the restorfltion or�•epair is ecanamically feasible and Lender's sc�cudty is not les.gened. If the restnr�tian or
<br /> repair is not economically fesisible ar L.ender's security wauld be lessened, the insurume proceeds sh�li be�pplied to the sums
<br /> secured by this Security Instrument,whether or not then due,with any excess paid to Borro�ver. If Borrower abandons the
<br /> P�operty,or daes not answer within 30 days a nottce from I.ender that the insurnnce cerrier has offered to settle a clairn,then
<br /> I.cndcr may collr,ct the insurance proceeds. Lender may use the proce,eds tn repair or restore the Property or to pay sums
<br /> secured by this Security Instrument.whether or not then due. The 30•day period wiU begin when the rotice is given.
<br /> Unless I.ender and Borrower otherwise ngree in wrlting, �ny applicatlon of proceedx to principal shall nat extencS or
<br /> postpane the duc dute af the monthly payments rcferrcd to in paragruphs 1 �nd 2 c�r chnng� thc umount nf thc p•rymcntl. If
<br /> u�xier paragraph 21 the Property Iti ucyuired by l.ender, &�rrower'�;rlght tu uny ln9urance pcdicics utxi proreeJy resultfng frnm
<br /> clumagc to thc Property prinr ta thc ixquisition+hull puss t��I.�ixlcr ta thc cxtcnt c�f►h�•sumr Kccuru�l hy ihi�Sr.curity h�titruit►ent
<br /> imnxdiatcly prior to thc ucyulsitlon.
<br /> 6.Uccuprncy�1'n�ewetion, MwlntmurK�e wnd F'n�tectlan ot the Pn►pertyi Nc�rrower'K le�pn Appllcptluni IAx+cehnld�.
<br /> Burruwer shuU��ccupy. rstublish,and use the Pn�perty uw&rrrnwer's priixip,•rl revidnuc within.rfxty day.r ufter thc exccutlan uf
<br /> this Security Instrument and shall continuc to cxcupy the PropcAy us Borrower'ti principal rcyidence fiir at lca.rt one y¢ur allcr
<br /> the ctat�nf�ccupancy, unless Lcixier atherwise ugray In writing, which consent shsll not be unrwson�bly withheld,ur unless
<br /> ��l�gna �3s����_�o P.��s �..�t�� �,. hry��xf Rnr.nwcr•s contrcrl. Barro�vcr shall not destray. damage ur imp�lr thc
<br /> Property, allow tho Property to detedorntc. or commit wc+ste on the Properly. Barrower shall be in dcfuult if any fodeiture
<br /> action or pracading, whether civi 1 or criminal, is begun that in[.ender's goad faith Judgcnent could result in forfeiture of the
<br /> Property or otherwise materislly impair the lien creuted by this Security Instrument or Lender's security interest.Bdnower may
<br /> cure such u default and reinstate,as provided in paragraph l8.by causing the action or proceeding to be dlsmissed with a mltng
<br /> that, ln Lender's good faith determination, precludes forfeiture of the Horro�ver's interest in the Property or other rnatertal
<br /> impalrment of thc lien created by this Securiry Instrument or Lender's secudry (nteresc. Borrower shall also ba in default if
<br />. Borrower,during the Ioan appliation process,gave materIally false or inaccacate information or statements to Lender(or failod
<br /> to provide I.ender with any material informatton)i»connection with the loan evidenccxl by the Note,including,but not limitod
<br /> to,representations concerning Borrower's occupancy of the Property as a princIpal residence.If this Security Instrument is on�u
<br /> leasehald, Horrower shatl comply wlth all the provisions of the Iease. If Borrower acquines Fee title ta the Property, the
<br /> leasehold and the fee title shall not merge unless L.ender agrees to the mergcr in writing.
<br /> 7.Proteetton o[I.ender's Rjghts In the PrupeKy.If Borrower faifs to perfom� the covenants and agreements contained in
<br /> this Securtty Instrument, or there is a legal procceding that may signifirantly affact I.ender's rights in the Property(such as a
<br /> , • procteding in bankruptcy,probate. for condemnatton or forfeiture or to enfarce laws or reguladons),then I.ender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's dghu tn the Property. I..ender's actions may
<br /> include paying any sums secured by a lien which has priorlry over thls Secudty Instrument. appeiuing in court, paying
<br /> rcau�nablc attomcys'fc:cs and entering an the Property to make repairs.Althouhh Lcnder may takc actfon undcr this paragraph -
<br /> " 7�Lender dces not have to do so.
<br />. Any amounts disbursed by Lender under this paragruph 7 shall bocome additional debt of Borrower secured by this
<br /> Secudty Instrument.Unless Borrower and L.ender agree to other terms of payment, ttuse amounts shall bear•interest from the
<br /> date of dlsbursement at the Note rate and shall be payable. with interest. upon notia from Lendcr to Borrower reyuesting
<br /> payment.
<br /> � 8. MortgAge Insurance. If Lender required mortgagc lnsun�nce as a condition of making tho loun secu�+ed by this Security
<br /> � Tnstrument, Borrower shall pay tl�e premiums tequired to maintain the mortgage insuiunce In effact. If; for any reason, the
<br /> : mortgage Insurance coverage required by Lender lapses or ceases to bc in cffect,Borrower shall puy thts premiums required to
<br /> obtain coverage substantially equivalent to the mortgage insunsnae proviously in effect,at a cosc�ubstantiully equivxlent to the
<br /> cost to Borcower of the mortgage insurance previously in effect. from nn niternata mart��e,e insutur approved by Lender. If
<br /> � substantinlly equivalent mortgage insumnoe coverage is not availublo,Borrower shnll pay to L.endor estch month a sum equal to
<br /> � one-twelfth of the yearly mortgage insutysnce prenuum being puid by BoROwer when the insurance covernge lupsed or ceased ta
<br /> , be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> �
<br /> Form 3028 8180
<br /> Pege 3 ot 6
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