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<br /> g�_ sU'7�l99
<br /> S. Nwcard or Piroperty Insur� Horrower sh�ll keep the improvements�existing ar hercuftcr crectaf on the -
<br /> Praperty Insured agafnst loss by fire, ha��urds included within the terni "c,xtcnded coveruge" und any other hnxurds,includtng
<br /> ftcxxls ur fla�ding. for which Lcndcr rcquires insurunca This insurancc shull t+c muintuincd in thc.unounts and f�r thc periods
<br /> that I.ender requires.The tnsurunce carrler providing the insurunce shull be cliosen by Borrower subject to Lcixirr's upproval
<br /> wi�ich �1iu11 not Uc unreasanably �vithheld. If Boreower fnils to muintuin covcrn�e Jesc�ibcd aiv.�vc, Lcndcr may. ut Lender's c
<br /> option,obtain caver�ge[o protect Lender's rights in the Froperty in accordance with paragraph 7.
<br /> All Insurance policics and renewuls shall be ucceptable to l.ender und shuU include u stnndurd murtgc►ge clause. l.en�der
<br /> sliall have the rlght ta hold ehe policies and renewals. If L.ender rcquires,Borrower shall promptly give tn Lender aU receipts of
<br /> paid premiun�.5 und renewul natices.In the event c�f lass,Borrawer shull give prompt notice to the insurance carrier and Lender.
<br /> I.cndcr may make proof of loss if not mudc promQtly by Barrower.
<br /> Unless Lender and Borra�ver otherwite agree in writing, insurance proceeds sh�il be applied to restoration or �repair of the _
<br /> Property dampgai.if the restoration or repair is ecanamlcally feasible and Lender's security is not lessened. If the restoration or
<br /> repair is not economically feasible or L.ender's security would be lessened,the insurance procceds shall be upplied to the sums
<br /> secutecl by this Securlty instrument, whether or not then due, with any excess paid ta Borrower. If Borrower abandons the
<br /> Property,or does not answer within 30 days a notice from Lender that the iiuuranoe carrier has offered to settle a claim,then
<br /> Lender muy collect the insurance prc,ceeds, l,ender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security Instrument,whether or nat then due.The 30-day period will begin when the notice is given.
<br /> Unless l.ender and Borrowcr othe�wfse agree in writing. any app[ication of proceeds to princip�l shall nat extend or _
<br /> postpone the due date of the monthly paymenu referre� to in parngraphs 1 and 2 or change the umount ot the payments. If
<br /> under paragruph 21 the Property is acquired by Lender, Bonowcr's right co any insurance pollcies and proceeds resulting from
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this SecuriEy Instrument
<br /> immediately prior to the acquisition.
<br /> 6.Occupancy,Preservatlon,Maintenance und Protect[on of the Peuperly; Borrower's Loan Application; I.easeholds.
<br /> Borrower shall occupy. establish.and use the Property+as Borrower's principal residence within sixty dnys after the ezecutian of
<br /> this Security Instrument and shnll continue to occupy the Property as Borrawer's principal resIdence for at least one year u�ter
<br /> ' the date of occupancy, unless I.ender otherwise agrees in writing. which consent shall not be unreasonably withheld,or untess
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy. dam�e or impair the
<br /> Property, allow thc Property to deteriorate. or commit waste on the Property. Borr�wcr shall be in default if stny forfeiture
<br /> action or pracceding, wnetiicr civii �r c���—•.inal, is hcgun thss in�-»':der's g�!'d fai�h Sudament rould result in forfeiture of the
<br /> property or otherwise muterinlly impair the Dien created by this Security Instrument or L.e�nder's secur�ty interest.Borrower muy
<br /> � cure such a default and reinstate.as provided in paragraph 18,by causing the nction or proceeding to be dismisse� with a ruling
<br /> � that, in Lender's good faith deternunation. precludes forfelture of the Borrower's interest in the Property or other materisl
<br /> impairment of the lien ereated by this Securtry Instrument or Lender's security interest. Bonower shall also be in default if
<br /> � Borrower,during the loan applicat.ion process,gave materially false or inaccurate Information or statements to Lender(or fvled
<br /> to provtde I.cnder with any material informattan)in connection with the loan evidenced by the Note,including,but not li�nited
<br /> to,represenW�iuns wu�iniug Borrower's occupancy of the Property as a principal residence.If this Secudty Instrument is on a
<br /> leasehold, Borrower shall comply with ull die provisions of the lease. if Borrower acquires fee title to the Property. the
<br /> ]easehold and the fee titic shall not merge unless I.ender agrces to the merger in writin�.
<br /> 7.Protcctton of Lender's Rlghts in the Property If Borr�wer f�ils to perform the covenunts and agreements rnntained in
<br /> this Security Instrument,or there is a legal proceedins that may significantly affect Lender's rights in the Property(such as a
<br /> procading in bank�uptcy. probate, for condemnation or forfelture or to enforce laws or regutations), then Lender may do and
<br /> . pay for whatever is necessary to protect the value of the Property and Lender's righu in the Pruperty. Lender's ections may
<br /> � , include payins any sums secured by a lien whi¢h h�s priority over this 5ecurity Instrument, appearing in couR, payIng
<br /> �, reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take actlon under this paragcaph
<br /> S. 7,Lender does not have to do so.
<br /> , Any amounts disbursed by L.ender under this pfuugraph 7 shall become additional debt of Bortower secured by this
<br /> � Security Instcument. Unless Borrower and I.ender agree to other terms of puyment, these nmounts shall bear interest from the
<br /> � date of disbursement ut the Note rate and shall be payable, with interest, upon notice fcom Lcnder to Borrower requesting
<br /> � payment.
<br /> 8.Murtgage Insurance.If Lender required mortgage insurance as a condttion of making the lo;in secured by this Security
<br /> Instrument. Borrower shall puy the premiums requireci to mainwin tl�e mortgage insurance in effect. If. for any reason. the
<br /> mortgage insurance coverage required by i.ender lapses or ceases to be in effect,Barrower shall pay the premiums required to
<br /> obtain wverage substantially equivalent to the mortgage insurance previously in effect,at o cost sabstantially equivnlcnt to the
<br /> cast to Borrower ef the mortgage insurance previously in effect, from un alternate mortgage insurer npproved by Lender. If
<br /> substantially equivulent mortgage insuranca:coverage is not available.Bonower shall pay to Lender each month a sum equtd to
<br /> one-twelfth of the yearly mortgage insurnnce pxemium being paid by Bonower when the insurance coverage lapsed or ceased to
<br /> be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 8190
<br /> Pa90 3 0l 8
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