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<br /> 9?- ��'7642
<br /> � S. Nou►rd or Praperly �nsurAnce. Borniwcr shull kcep thc impmvemcnts now cxisting on c�rcuttcr crectcd an thc
<br /> Propc�rty insurai uguinst loss by t7rc, hwards iai4luded within thc tcrm "extci�ded cnvcrngc" iuid:►ny othcr ha•r.ards, including
<br /> fl��is��r flcx�ding,fiir which I.cndcr rcyuires insurnncc. This in+uranc�shall bc mainudned in thc umounts and fc�r thc perIcxis
<br /> tlia�l.�ixlcr requires. The intiurunre carricr providing thc insurnnre shull bc chu,��u by &�eruw�r+ubj«t t�i L�:ndcr's approval
<br /> whicl� shall not bz unreascmably witl�held. If i3orrower fails to maintain coverage described ubave, I.ender may. at Leixier's
<br /> option.ubtuin covernge to protect Lender's �ights�in thc Praperty in uccordance with parugruph 7.
<br /> All insuranco policies und renewals shali be acceptable to l.ender ucKi shall includc a st:u�darci mortguge clvuse. Lender
<br /> shal!have the rtght to hold the poltcies and ren_wa1s. [f Lender mquires.Borrower shall prainptly give ta I..ender al!roceipts of
<br /> paid premiums and rencwal noti�es.In ttie event of loss.Borrawer shall give prompt noticc to the insur,►ncc curricr and I.ender.
<br /> Ltnder may make proof of loss if not tnadC promptly by Borrox'er.
<br /> Unlcss Lender und Borrowcr otherwise agree in writing,insurance procwxds shall bc upplicd to restoration ar repatr af the
<br /> Property dacnaged,if the restoration or repair is economir,alty feasible and I.cnder's security i�nat lessened.If the restomtlon or
<br /> repair is not eeonomically feasible or Ixndcr's socurity would be IesseneJ, the insurunce proceeds shall be applied to the sums
<br /> secured by thls Securiry Insuument, whether or not then due. with any excess paid to Bonower. 1f Borrower abar�dons the
<br /> F'ropecty.ar daes rwt answer within 30 days a notice from Lender that the insaranca carrfer has offeral to se►tle a claim, then
<br /> L.ender may collect the insurance procads. Lender may use the procads to repair or restore thc Property or to pay sums
<br /> secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is glven.
<br /> Unless Lender and Borrower othenvisv s�gree in writing� any application of proceeds to Principal shail nat extend or
<br /> postpone the due date of the mcinthly paymenu rcferred to in paragraphs 1 und 2 or change the amaunt of the payments. If
<br /> under pazagraph 21 1he Property is acquired by I.ender.Borrower's rlght to eny insurance pollcies and procceds resulting from
<br /> damage to the Property prlor to the acyuisitian shaU pass ta Lender ta the extent of the sums secured by this Security Instrument
<br /> imn�ediately prior to the acquisitton.
<br /> 6.Occup�ncy,Preservwtion,Maintenan�.�e and Protection of the Property;Borrower's Loan Appllc�ttlon;Leaseholds.
<br /> Horrower shnll occupy,establish.and ux the Property as BorrowePs principal residence within sixty days after the eaecudon of
<br /> this Security Instrument and shall cont3nue to occupy the Propecty as Borrower's principal nsidence for at least one year after
<br /> the date of accupancy,unless Lender otherwise agrees in wdting.which consent shall not be unceasonably wlthheld,or untess
<br /> ez�e,nuatina cln:umstances exist which ar�e beyond Borrower's control. Bonower sh�ll nat desuoy, damage or impair tlsee
<br /> Property, allow the Property to deteriorate,or commit waste on the Property. Borrower shall be in default tf any forfeicu�e
<br /> action or proeeeding.whaher civil or criminai, is begun that in Lender's good feith judgment wuld result in furfeiture of the
<br /> Property or otherwise matedally Impair the lien created by this Security Iastnunent or I,ender's security interest.Borrower nuy
<br /> cure such a default end reinstate.as pravided in paragraph 18.by causing thc action or procading to be dismissed with a ruling
<br /> tl�at, in Lencier's good faith determination,procludes fvrfeiture of the Borrower's iatarest In thc Property or other mnterial
<br /> irapaimxnt of the lien crcated by this Sxurity Instcument or Lender's security interest. �orrower shall also bc in default if,
<br /> l3orrower.dunng the toan app[ication p�u�ti,+.,.gevz a�at;,i{3�j fal5:.8T iil.^.GCttt$it�4�QCl2t3�t4A 4[Si�iClttCIIC9 t4 f��1t1��(M'fallE(I •
<br /> to provide L,rnder wlth any matedal infortnatlon)in connoction with the loan evidanced by the Note.includtng.but not Umitod
<br /> to,representations concrming Borrower's occupancy of the Propecty as a principal rCxidencx.If this Security Inrtrument Is on a
<br /> lrnsehold. Borcower shall cocnply with all the provisions of the leas�. If Borroaer t�equlres fx tide to the Pcoperty. the
<br /> Iwsehold and the fa dtte ahall not merge unless Lcnder agrees to the merger in wdting. ;
<br /> 7.Prutectbn o[I.enda�'a Ngbts tn the�ropnty.If Borrower fails to perform the oovenants and agreements conteinod in
<br /> thfs Security Insteument,or then is a legal procceding that may signtficandy affect Lend�r's r�ghts in the Property(sucb as a
<br /> proceeding in bankrupt�y,probate,for cor►demnat;on or farfeitun or to enforoe Iaws or reguladons).then Lender msy do arnd
<br /> pqy for whatever is necessary to protect dk vulue of the Propecty aixi Lender's rights in the Pcoperty. Lender's actIons may
<br /> include paying any sums secured by a lien which has pridrity over this Security insuument, appearing in cou�t. paying
<br /> reasonwble attornqys'fas and entedng on the Property to make npairs.Althou}�h Lender may take action under this paragrxph
<br /> 7,Lender does nat huve to do so.
<br /> My amounts disbursed by I.ender under this paragraph 7 shall bxomc additional debt of Bomower securoct by this
<br /> Security Insuument. Unless Borrower and Lender agree to other terms of pnyment,thtse amount� shall bear interest fmm the
<br /> due of disbursement at the Note rutc end shall be payable. with intemst. upon aatice from Lender to Borrower requesting
<br /> pxYment.
<br /> 8.Mortsage Imurance.If I.ender rc�yuirod martgage insurancc as a c�ondidon of making the loan secured by thls Security
<br /> Instrument. Borrower shall pay thc pnmiums required to maintain t�e mortgage Insurance in effect. If. for any reasan. thc
<br /> murtgige insurance coverage requiral by Lender lepses or oeases to be in effxt, '8orrower shall pay the p[�emiums requircd to
<br /> obtain ooverage substantielly oquivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cos� to Borrower of the mortgage insur�na previously in effect, from un alternate mortgage insurer approvod by Lender..If
<br /> substantlally cquivalent mortgage insutnnce coverage is not availuble,Borrower shall pay to I.cnder each month a sum equal to
<br /> ane-twclfth of the yearly mortguge insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> be in effect.Lender will accept.use and remin these payments as n loss rescrve in lieu of mortgage lnsurance. Loss rcserve
<br /> • Form 3028 9190
<br /> Ppe9of8
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