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<br /> 97-1�
<br /> S. H�urd or ProperlY �����• �r�'°wer Fhall kcep the impravemcnts naw existing or horeuRer crected on thc
<br /> •ra
<br /> Pn�pcMy in�urtd ugAinst loss by Cire, haxurds I�xtuded within thc tr,nm "cxtendai coverage" and nny other hazards,includ ng
<br /> Qcx�1s nr(l�x�ding, Far which l.ender rcquire�in�urnnce. This insurance tihull be nu►intAinal in thc amounts and for the perinds —
<br /> thut Le►xler reyuire.r•.The insu►�ance curricr priividing the insurrnce shall t�e chosen by Borrower subject to Le�xler'F upproval
<br /> which stu�ll not be unreacor�abty withhcid. li'&��ruwer fuil+ tu malntain covcr+ge decrrihed nbove. Lcndcr may. iU l.e�xfer's �
<br /> nptiun.abtuin cc�veruge ta protect l.cndcr's rightw in the Property in rccardance wlth pai�agruph 7.
<br /> All insurance policles und renewuls shull be ucceptuble ta l.ender nnd xhnll include a standard nxfrtgage clauu. Lender
<br /> shnll have the�ight to h��ld the policics u�xi rcnnwals. If L.eixlcr requires,Borrawer shull pramptly givc ta l.cnder all roceipts of
<br /> puid prcmiums und renewal iwtices.In the event i�f'loss,�nower sha11 give prompt m�tice ta the insurance carrier and l.ender.
<br /> I.encler mvy mukc praof of luss iF not made pramptly by Bonuwer.
<br /> Unle�s I.endor und Bor�ower utherwise ugree in writing. insurance praceeds�hall be applled ro restorntlon or npair of the
<br /> Pcaperty dun�agtcl.iE the restorntlon or rcpafr is ecanomtcally feasiblc und L.ander's sxurity is not Icsscnecl.IP the restoratIon ar
<br /> �cpair is not cc�namicully feasibla or Le�xier's security would be lessened.the insurance proceeds shull be npplie�i to thc sums
<br /> securcYl by this Seeudty [nstniment, whecher ar nnt then due, with uny excess pald to Borro�ver. If Borcnwor abaixions the
<br /> property.or does not answer within 30 days A notise from Lender thAt the insurance carrier hus afferal to settle a clai�n,then
<br /> Ler�der may coQect the insurance proceals• 1-ender nuiy use the proceeds ta repair or restore the Property or to pay sums
<br /> secured by this Gxurity Inswment.whether or not then due.Thc 30�day pe�i«1 ai�l bc8in when thc notice is given.
<br /> U�less Lender and Borrower otherwise agree in writing, any appliratiun of pracccds to p�nclFal shall rx�t exund or
<br /> postpone the due date of the monthly payments r�ferrod ro in paragraphs 1 ancl 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is acqulred by l.ender, Borrower's right to nny insurance Tw�tcies and proceeds r�ulting from
<br /> damsge to th�Property prior to the acquisitton shull pass to l.cnder to the extent of ttie sums secuced by this Sicurity Instrument
<br /> immediately prior to tl�c ucquisidon. ication;l.eASeholds•
<br /> 6.Oocu{wacy,l'rese'rvwNon. 141�intenance And Protectlon of Ihe Prope�ty. Borrower's Loan APp�
<br /> Borrower shall occupy,establish,and use the Property as Borrower�P��reS,annci W�tresiderrce forSat teasttone year a8er
<br /> this Security Instn►ment snd shall continue to occupy the ProPenY P P�
<br /> the date of occupuncy,unless [.ender otherwlse agrees in wridnS. which consent shall not 6e unreasonubly�+vlthheld,or unless
<br /> extenuating circumstances exist which are beyond Borrow+er's rnntrol. Barrower shnll not desuoy. demage or impair the
<br /> Pml,erty, allow the Prope►tY to deteriorate, or rnmmit waste on the Property. Borrower shall be in default if any forFeitun
<br /> actian or proceeding. whelher civil or crlminal.is be8un ti�at in I.encier'���f��3L�S�ns z4���'-'�r in forfeiwre of the
<br /> Property or otherwise materially impuir the llen creuted by this Security Inshvment or Lender's security interest. Borrower may
<br /> cure such a default end reinstate,as provided in paragrnph 1 B,by causing the action or procecding to be dismi.s�sed�r ����
<br /> that, in Lender's good faith deteimination. precludes forfciture of the Borrower's interest in the Property
<br /> impaimient of the lien created by this Security Instrument or Lender's security interat. Borrower shall also be in default if
<br /> Borrower.during the loan applicatton process.gave materially false or inaccurate information or statements to L.ender(or fniled
<br /> to provide Lender with any meteriel infomiation)in connection with dx loan evidenced by the Note,including. but not limitod
<br /> to.representations concerning Borrower's occupancy of the Property as a princtpal residence.If this Security Instrument is oa a
<br /> leasehold. Bocrower shall comply with all the provisions of the lease. If Borrower ecquires fee title to the Property. the
<br /> leasehold and the fce title shall not merge unlcss Lender agrees to the merger in wrlttng.
<br /> 7,protcetlon oi I,ender's Rights in tt�e Property•If Borrower fails ro perfarm the covcnants und agreements contained in
<br /> this Security lnstrumtnt. or dxre is a legal proceeding that may sigc�ficantly aifect Lenda•'s rights in the Properry(such as a
<br /> proceod;ng;n bankruptcy,probate, for condemnation or forfe[ture or to enforce laws or ngulalions), �x����s acti n.�may ,
<br /> pay for whatcver is necessary ro pratect the value of the Pmperty ancl 1-ender's righu in the Propqcty
<br /> • include paying eny sums secured by a lien which has priority over this Security Instrument. appearing jn court, paying
<br /> reasonable attomeys'fees and entetin�on the Property to makz reFairs• Althaugh Lender may take action under this paragraph
<br /> 7,L.ender does not have to do so.
<br /> Any anwunts disbursed by l,�nder under this paragraph 7 shall become a+ldidon�l debt of Borrower se,cured by this
<br /> Socuricy Insuument. Unicss Borrower and Lender agree tu other terms of payment. thesc amounts shall bear ir.terest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest. upon nodce fmm Lender to Borrower roqaesting
<br /> payment.
<br /> S.MortgAge Intiuranee.If L,ender required mort8age insurance as a conditian of making the loan secured by this Securiry
<br /> ' Instrument, Borrower shall pay tAe premiums required to maintain the mortgage iasurance in effcct. If. for any reason, thc
<br /> mortgage insurance coverage reyuiroci by Lender lapses or ceases to be in effa:t.Bonower shall pay the premiums required to
<br /> i obtain coverage substantially equivulent to the mortgage insurance pr�viously in effect,at a cost substuntially equivalent to the
<br /> cost to Burrower of the mortgage insurance previously in effect, from an altornate mortgage insurcr approvcd by i.ender. If
<br /> substantially equivnlent mortgage Insurance coverage is not available.Borrower shull pay to Lender each month a sum equal to
<br /> one-tweltth of the yearly mortgage insurance premium being paid by Borrower when the insurnnce rnverage lapsod or ceased to
<br /> be in effect.Lender will accept,use and retain these payments as u loss c�eserve ln lieu of mortgage insurance. Lass reserve
<br /> Form 3028 8180
<br /> Ppe3ofB
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