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<br /> S. HosaM or Property Itte�trat�ce. Bonawer shall keep the impruvcmeme now cxia�g uFlt���if'cr�c�ted on the
<br /> Pmpeny insur�d xgainst loss by fire, hazards included within tha term "extended covecage"anci uny other harards, ineluding
<br /> floods or tlooding,f'o�which Lender rcquircs insursu�:c. This insurance ahull hc maintained in tho unwuntn ancl for thc ptdods
<br /> that l.cnd�r rcyuires. Thc insurancc carrfcr providi:tg tlu; ii�:,urrncc nhall Ix:chuu:u by $urcuwrr tiubjc:t:t w fi.c�xlrr's aRproval
<br /> which FhAil not Be unrwsarwbly withhcld. I�Borrowor fails to maintain coverage descdbed above,Lender muy. at l.ender's
<br /> option,obtain caveruge to protect Ger�ler's rights in the Property in accordunce with parngrt�ph 7.
<br /> All insurance policies ur�d ronewuls shall be ncceptable to Ler�ier and shall include�stanctard mortgage clause. L,ender
<br /> shall havc thc right to hold the policies and renewals.If L.ender rcquircs.Borrower shall promptly give to Lendcr ull rereipts of
<br /> peSd premiums und rcnewal notices. In the eve�t of loss,Borcower shall give prompt nattce to the insurance carrier und L,ender.
<br /> Lendtr mxy mnks proof of loss!f nat made pcampUy by Barrower.
<br /> Unless Le�xler and Barrower uth�nNise ngrec ia wdting, insurenc:e praceeds shall be applied to rcstoration or repair of the
<br /> Propeny dunaged.lf the restoration or repnir is ecanomically feasiblc and Lcnder's security is rwt lesuned.If dx cesWrrtion or
<br /> re�wi�is nW econumicaily feacibie ar Lender's securiry wquld be lessened.the insura�ue proceeds�hall be appliod to�the sunu
<br /> seaired by deis Securtty Instrument, whsthor or not thon due,with any exccss paid to Borrowe�. If Bortovetr aaudons the
<br /> Properry. ar daes not answer within 30 days a noaco frnm L.c�der that the insurance carrier has offercd to settle a claim.then
<br /> Lendar may colloct the insurance pmcowls. I,ender may use the proceeds to repair or restore the Property or to pay sums
<br /> secund by this Security Instrument,whethor ar not th�n due.The 30-�iay period wi4 6egin whcn the natice is givm.
<br /> Unless Lender and Borrower othenvise agrce in wridng, any application of proceeds to principal shall not extend or
<br /> postpone thc due date of the monthly paymcnts referred to in paragraphs 1 and 2 or change the amount of thc pay►nents. If
<br /> under paregraph 21 the Pmperty is acquired by Lender.Borrower's r�ght co any insurarxe policies a»d praoeeds resulting from
<br /> damage to the Propcny prior to the acquisition shall pa5s to Lcnder to the extent of the sums secured by this Security Instrument
<br /> immcdiately prior to the acqulsition.
<br /> 6.Occuponcy,PrYServaHon,MWntennnce and Protection of the Property;Bon�ower's Loau Appliation;LeaseNolds.
<br /> : Bormwer shall occupy.establish.and use the Property tr Borrower's principal residence within sixty days after the exxution of
<br />- this Security Instniment and shall continue to occupy the Pro�xrty as Eiorrower's principal residence for at least one year after
<br /> � the date of accupancy. unless Lender otbenvise agrees in writing. which consent shall not be unreasonably withhdd.or unless
<br /> eatrnuating circumstances exist which ure beyond Borrower's control. Borrower shall not desuoy, damage or lmpajr the
<br />- Fcuperty, a11uw u�e Froperiy co duerio�ste,or commit waste on the P�operty. Borrower shall be in detault if any forfeituoe:
<br /> action or proroedjng, w+hether civil or criminal,is begun that !n Lender's goad faith judgment could result in forfeiture of lhe
<br />- P��erty or otherwise m�terial[y impair the lien crrated by this Security Instrument or L,cnder's security interest.Borrower mxy
<br />� cure such a default and �state,as provided in paragraph 18. by causing the actton or proceeding to be dismissed with a nilicrg
<br /> tiut, in Lender's �ood faith dctem�ination, precludcs forfe3turc of the Dormwer's intercst ia che Propeny or oche�msuriAl
<br /> _ impairntent of the lian crrated by thls Security InstrurrKnt or Lender's s9curlty interest. Borrower shall also be in defauh if
<br />:= Eorrower.during the toan application proctss.gave materially false or inaccurate infom�ation or statomen�5 to Lender(or fpiled
<br />- to provide Lender wiW any material information)in connection with the loan evidenced by the Note. including.but not limited
<br /> , w.reprcsentadons conceming Borrower's occupancy of the Property as a principal residence. If this Sauriry instrument is on a
<br />:= leasehold. Horrower shall oomply with all the provistons of 1he lease. If Borrower acquires fee tiUe to the Property. tttic
<br /> _ leaschold aed the fce tide shall not merge unless Lender agcas to the mergcr in writing.
<br /> 7.Protectfon o[I.ender's Rights In the Propd�ty.If Borrower fails to perform the covenants and egreements contained in
<br /> this Security Iastcument,or there is a legal procetding that may significendy uffect L�ender's rights in the Pe+npaty (such as a
<br /> �; procoeding in bankruptcy.probate,for conderru�ation or forfeiturc or to enforx laws or regulations),then Lender may cb and
<br /> � ' pay for whate�er is necessary to protect d�e vulue of the Property atd t,ender's rights in the Property. Lender's acdons mxy
<br /> include paYing.awy sums socurod by a lien which has priority rner this Security Instrument. appearing in oourt, paYing
<br /> rpsonable attomeys'foes ac�d entering on the Property to makc repairs. Althc►ugh Lender may take acaon under this paragraph
<br /> 7.L,�nder dces rat havo to do so.
<br />_`- My amounts disbursod by Lender under this parasraph 7 shall bawme addidonal debt of Borrower secuced by t6is
<br /> ' Security Instrument.Unless Bomower and Lender agree to other terms of payment,these umounts shall bear interest from the
<br /> date of disbursement at the Note rat�and shall be payable, with interrst. upon notice fram l�der to Borrower requesting
<br /> ,� PaYtnent.
<br /> 8.Mo�tgage I�uraooe.If I.ender�+equiroc!mortgage insurance as a condition of making the loan securai by this Securiry
<br /> [nstrument. Borrowe��shaU pay tt�e premiums itqui�d to mainuvn the mortgage insurance in ef�'ect.If. for arry reason.the
<br /> ,�' mortgage insuranoe coveraga required by Lender lupses or ceases to be in effect, Borrower shall pay the pnminnu required to �
<br /> obtain coverage subatantially equivulent to the mortgage insuruxe pievxously in effect,at a cost substantially equivalent to the
<br /> oost to Borrowcr of the mortgage insurnnce previously in cffect, from an ultcrnate mortgage insurer approved by Lender. If
<br /> substantially equivalent mortgage Insw�nce rnverage is not nvctilnble.Borrower shall pay to L,ender each month a sum aqual to
<br /> on�twelfth of the yearly rriortgage insurunce pr+emium being paid by Borrower when the insur.tnoe coverage lapsad or ceased to
<br /> be in efiect.L.ender will xcept,use and retain d�ese p�yments as a loss rc,.`erve in lieu of mortgage insuranoe. Loss reserve
<br /> c-am,3o2e siso
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