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<br /> S, H�wrd or Propeety InsurAnce. 8urrowcr sh:dl kccp the inipn�vr.ments now existing on c�rcufter erected on thc
<br /> prop►;ny inwred ugidnst lcns hy �rc, hurardti includal within thc tcmi'cxtc�xled r��vcrabc" imd uny uthcr har.urds, includinF
<br /> t7iHx1�nr tlaxiing, tiir whirh I.cndcr rcquires insuraurc. Thiti insu�aocc sliull ho maiataiined in tf�c amounts,ux! fi�r chc paricxis
<br /> Ihat l.ci�fer rcyuir�s. 'fhe insuraixe carricr pruviding the insur•rncc sh:�ll i►�ch��scn by F3��rroµ�er suhjcct ta l.c�ider'� npprovul
<br /> whirh shall not M unrcasoni;bly withhcld. IP N��rr��wcr f.iilti to innintr±in ec.��cra�;� d��rribcd abosc. Lcndcr m:ay,�i 1.i�ic1CY',
<br /> ��plfon,obtain cmcragc to protcct L.c��lcr'�rights in thc Priipeny in cxcurduncc witli para�raph 7.
<br /> All insurance �x�licies mx1 rcncwalti shall he arccptahle to lx�xier an�i �hall include a standa�d mortg;�;e rlause. L,c:nJer
<br /> sliall havs the right tu Nofd the palicies and rencwuls. If[.cnder requlreti,Born�wcr siiul�promptly givc tn l.encicr all re�ripts of
<br /> paid premiums ttnd rcnewnl t�otices. In tl�e event of loss,Surruwer shull give prompt notice to the insumnce carricr und I.encler.
<br /> L.ender may makc praof of loss if not made pnimptly by Bc�rrc�wer.
<br /> Unless Lender nnd Borrowcr athenvisr ugree in writing, insurancc procecds shull be npplled lo restorrtion or rcpUir of the
<br /> E'ropeny dam�ged, if tha rcstoratian or repui�is ecanamisully fea.eible artid l.e:nder's security is�wt I�.s.�ened. If the reswratIon or
<br /> repair is not economicslly feasible or I.ender's security would be lessened,the insurance proceods sball be applied to the sums
<br /> secured by ihis Security Instrument, whethcr or not thcn duc, with any cxcess paid to Borrower. If Borrowcr ubandons thc
<br /> Property, ordoes not answer within 30 days u�wtice finnt Lende�that tt� insurance carrier has offercd to settle a ctalm, then
<br /> L.ender may oollat the insurance pnxeeds. Lxndar may usc the procecds to rcpair ar oestore the Propeny or to pay sums
<br /> securcd by this Socurity Instrument. whcther or not W►en due.The 30-day period wlll begin when the notia js givcn.
<br /> Ualcss Leader e�xl Barrou•rr othrrwisc agr�e in writi��b, at�y uppli.ration of proceeds to principal shall not extend or
<br /> postpane the due date of the nwnthly payments rcfcrred to in paragrapin 1 and 2 or change the mraunt of the payments. [f
<br /> under puagnph 21 the Property is acqulrod by I,ender.Borrower's right ro any insurance policles and proceeds m.sulting Fmm
<br /> drmiage to the Property pdor w the acquisitIon shaU pass t�L.ender to thc extent of the sumy secured by this Socurity Instcurrtient
<br /> immaliwely prior to the acquisition.
<br /> 6. Oorup�ncy� P�+eserwtbn,Matntrnxnce and Pr+otectlon of the proge�ty;Borrower's I.oaa Applkatton; I.easebo�lda.
<br /> 9ortawer stull occupy,ost�blish,and use the Property as Borrower's principal rcsidence within sjxty days after the execution of
<br /> this 5ecurity In:.tmment and shaU cont�nue to occupy the Property as Borrower's princlpal residence for At least one yeu after
<br /> the date of oecupmcy�unless Lender otherwise agcres in writing. which ronsent shall not be unrcasonably withheld,or unless
<br /> extenuating clrcumstunoes exist which are b�yond BAmower's oontrol.Borrower shall not destc�oy. damage or imp�ir the
<br /> Property,allow the Yroperry to deteriorate, or commit waste on the Property. Borrower shall be in default if any fodaiture
<br /> _ act�on �r�rm.�ling.w4�prhe�zi�i!�:ctisnfs�sl. is�:.gun ilrn ia i.e��'s��i�uith judgmen�couId result en forfciture of the
<br /> t'ropeny or ahcrwise materially im�suir the Iten crwted by this Sosuriry Instrument or Lender's axuriry interost. Borrower may
<br /> cure such a defiult�nd neinstate,as providod in pwagraph 18.by causing ihe action or proccedIng to be dismissed with a n�ling
<br /> _ that, in l.ender's good faith determination. precl�sdes forfeiture of the Horr4wer's intercst in the Pro�xrty or other mnteri�l
<br /> - imp�imient of!he lien created by this Secutity Inst�umcnt or Lender's sccuriry Intec�est. Borrower shall also be in dei�upt if
<br /> = Bortower,during the losn appliption process,gave materially false or Inaccurato infornmtion or statements to Lender(ocf�iled
<br /> - to provide 1.aider with any material information)in oonnection with the lan tvidenoed by the Note,including.but rat limited
<br />_ to.rcpnscntations mncerning Borrower's occupAncy of the Property as a principat rcsidrna.If this S3curiry Instrument is on a
<br /> leasehold, Bomower stwll oomply with all the provisions of the lenso. If Borcower xquires fa title to the Property the
<br /> IeasGFwld Arnd the{ee tiUe shall not merge unless L.ender agcees to the mecger in wrIting. �
<br /> - T.If+�tcetioe�a�t'I,,erNler's Wght�in the Pnnperty.If Borrawe�fails to perforni the covenar►t�s and agroements containod i,n
<br /> this Security lnstNrt�nt. or thene is a legal proeeeding that may significantly ��'cxt[.ender's rights in the Property(such as a
<br /> prncoe�iing in bankrupc}„probate. for condemnation or forfeitun or to enforce laws or rcgulations).then Lender rt�y do and
<br /> '� p�y for whatever Is nec to rotect the value of the
<br /> s �rY P Property �nd L,en�er s rights in the Pnoperty. (,ender's actioro may
<br /> , include prying any swns gecured by a llen whIch has priority over tMis Security instn�n��t. appearing in court. poY��B
<br /> �ssonrble atwrneys' fers and entering on the Property to make�airs. �►lihough Lender may take action under this p�r�graph
<br /> 7, Lender daa not have to do so.
<br /> Any an»unu dislwraed by Lender under this paragraph 7 sfiall becorne additioru�l det,t of Borrower socured by this
<br /> ; Socurity InstcumCnt. UNess Borrower md Lrender agroe to other ternu nf payment,tfkse amounts shall bear interest from the
<br /> : date of disbureement at the Note nte uid shall be payable. wlth interest,upon notioe fmm Lender to Borrower roquesting
<br /> � w►y�.
<br /> 8. Mus�e iosurance.If Ler�der required mortgage insuran�e as a conditinn of rt�aking the lou�securod by this Soarity
<br /> ' InuNrneM, Borrower sludl pay the prcminms rcquired to maintain the mortgage insurance in effect. If, for any rcuon, the
<br /> mongaga insuru�ce coverage roqutred by[.ender lapses or ceac�s to be in eftect,Borrower shall pay the prcmiums rcquitod to
<br /> obtAin covera� subsuntiplly equivalent to tha mortgage insurance previously in effect.at a eost substantially equivulent W the
<br /> � cost ro Borr+ower of tl�mortgage insur�a�oe pc+eviously in effoct, from an altemate mortgnge insuner appmvai by Lender. If
<br /> subst�ntiilly aquiv�lent mortgage insurance rnverege is not available.Borrower shull pay to Lender each month a sum eyuut to
<br /> � one-twelflh of Ihe ywiy mortgage insurunce premlum being paid by Bomower when the tnsurance coveragc lapsed or orastd to
<br /> , be in cffoct, Lender wiU aooept,ux and rctain these payments as a loss reserve in liw of nwrtgage insuranoe. Loss rescrvo
<br /> Form 3028 9l90
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