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<br /> ;�r S. fiAZprd or Prope�iy Ia9urAnce. Bonowcr shall keep the impravcmcncs now existing on c�rcaftcr ercctcd on thc
<br /> � Property insurcd agAinst lass by fire, haz:uds inciuded within the tcrm"exten�icd c�ver�gc" and cuxy othcr hazard�, including
<br /> -��r il�xxl,or AQCxiing,for whicl�l..cndcr rcquircs insurancc. Thia insurtuicc shali hc maim�xncd in thc:unaunts and for�he periods
<br /> ihat l.�nder rcquires. Thc insur.utcc carrier providing the insurance �hall be chosen by Borrawer subject to Lcnder's approval
<br /> ��:� which shall nut hc unrcwsonably withheld. If Horruwcr fnils ta mairnaln caveragc d�sr.rlbed nbovc, l.ender muy, at l.endcr's
<br /> `"� optlan, r.btaln cavernge to pratcct l.ender's righte in the Praperty In acwrdance with paragrnph 7.
<br /> �► . All insursuue pollcies and renewnls ahall be ncceptable ro L.en�ler and sttall include n standard martgAge clause. Letider
<br /> shall have the ripht tu hald the policics and renewnls.If l.ender requices, �orrawer shall promptly give tu I.endor all receipts of
<br /> .���� paid premlutns a��d renewal notices. In the event of loss, kiorruwer shull givc pruropt notYCC to thc insurance carrier and l.ender. __
<br /> I.endcr may mukc proaf af loss if nat made promptly by Boaawcr.
<br /> •�---� U�Iess Lender and Borrower atherwise agtee in wrlting, incurunce proceeds ahall be applied to restoration or repair of the
<br /> '' Propeny damagcd,if the restoration or repait is economically feaslble and Lendcr's sauriry is not lessencd.lf thc restoration or
<br /> '�:�� repair is not economically feasible or l.�nder's secutlty would bt lessened.the insurance proceeds shall be applied to the aums
<br /> y, secureci by this Se�urity Insttvment. whether or not then due, with any excess paid to Borrower. If Bonower abandons the
<br /> Propeny,or does not answer wlthin 30 days a notice from L.ender that the insurancecarriec has offered to settle a elaim,then
<br />'�.,;- I.ender may collect the lnsurance proceeds. i.cnder may use the proceeds to repair or restore the Properry or to pay sums
<br />- secured by this Security Instrument, whether or not then due.'1 he 30-day period will begln when the notice is given.
<br />=:.,� Unless Lcnder und Bonower otherwise agree in writing, any application of proceeds to principal shall not extcnd or
<br /> postpane the due date of the monthly payments referred to in paragraphs 1 and 2 or ctunge the amount of the payments. If under
<br />- _ paragraph 21 the Froperty is acquired by Lender, Borrower's right to any insurance policies and procceds resulting from
<br /> .�._� damage to the Pro�rry prior to the acquisltion shall pass to L.ender co the extent of ttu sums secured by this Securlry lnstrument
<br />'.:�:�� immediately prlor to the acquisitioa.
<br /> ;�°�� 6. Occu{wncy, Preservation,M�intenAnce aad Protcetlon of the Pcoperty;Borrower's Loan Application;Les�sebolds.
<br />' ;:�'� Bonower shall occupy,establish,and use the Property as Bonower's principal nsideoce wtthin slxty days after the execution of
<br /> this Securiry Instrument�tnd shall continue to occupy the Property as Bonower'a priacipal residence for at least one year after
<br />:,��� the date of occupancy,unless Lender otherwise a�roes in writing,w�1ch consent shell not be unreasonably withheld. or unless
<br />`.::� extenuating circumstances oxlst whlch are beyond Borrower's wnuol. Borrower shall not dastroy, damage or impair the
<br /> Property, allow the Properry to detertorate, or commic waste on the Property,Borrawer shall be in default if any forfeiturc
<br />- actton or proceed3ng,whether civtl or criminal,is begun that in Lender's good faith judgmeat could result in forfeiture of the
<br /> ��==—� Property or otherwise matedally impair the lien created by this Security Instrument a Leader's security iaterest. Bonower may
<br />- cure such a default and reinstate,as provided in paregrapL 18,by causing the acdon or proceading to be dlsmissed with a ruling
<br />-�- �hat. in Lender's lzood faith determination. precludes forfeiture of the Borrower's iatenst in the Property or other material
<br /> a,�4�� impairment of the lien created by this Security Instrument or L.ender's security inuresc. Fsorrower shuil aIao t,e in defauti if
<br /> --- Borrower,during the loan application process.gave materlally Salse or inaccurate information or statements to Lendcr(ar failed
<br /> to provide Lender w;th any material infocmation) in connection with t�e loan evidenc�d by the Note,includ�ng,but not limitaf
<br /> to,npresentatioas conceraing Borrowar's occupancy of the Properry as a principal resldeace. If this Securlty Instrumeut is on a
<br /> leasehold. Bonower shall comply with all the pmvisions of the tease. If Bomower xquires fee titlo to the Property, thc
<br /> leasehold aad the fee title shall not merge unless I.ender agrees to the merger in writlag.
<br /> 7.Protectton ot Lender'a Rigdts!n t6e Property.If Borrower falls to pedorn�the oovenants and agraaienta contatned in
<br /> thia Security Instrument, or chere is a legal pmceeding that may significantly affect I.ender's dghu ia the Property (such as a
<br /> proceeding in bankruptcy,probate. for condemuation or forfeiture or to enforce laws or regula[ions).theu I.eader may do and
<br /> pay far whatever is necessary to protect the velue of the Property and Lender's rlghts[u the Property. Lender'a act[ons may
<br /> include paying any sums secural by a lien which has priority ov�r thIs Sauriry Instrumrnt. appearing in wurt. paying
<br /> reasonabie attorneys'fees and enterl�ng on the Property to make repalrs. Although Lender may take actlon under this paragraph
<br /> 7.Lender does not have to do so.
<br /> Any amounts dtsbursed by Leader under ttiis paraBraPh 7 shdl becorne additional debt of Borrawer secured by this
<br /> Security Iustrument.Unless Bonower and Lendsr agrec to other terms of payment,thrse announts ahall beu interest from thc
<br /> date of disbursement at the Note rate and shell be payable, with interest, upon not�a frnm Lcnder to Borro�ver roquesdng
<br /> paymcnt.
<br /> 8.Mortgage J�urjtnce.If 1..ender requind mortgage insurance as a condidon of maktng the loan secured by this Security
<br /> Insuument, Bonower shall pay the pnmiums rcquired to maintain the mortgage insurance ia effect. I�. for any resmon, the
<br /> mortgege insurance coverage nqu[red by Lender]apscs or ceases to Ae iu offect, Bomower shall pay the pnmiums required to
<br /> obtain couerage substantiaily equivalent to the mongage inswance previously In effxt.at a cost substandally equlvalent to the
<br /> cost to Borrower of the mortgage iasurance provtously in effect, from an alumate mortgago insurcr approved by Lender. If
<br /> substanttally equivalent martgage insurance coverage is not ava�lable,l3orrower shall pay to Lender each mnnth�sum equal to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance covecage lapsed or ceased to
<br /> be in effcet.Lender will accept,use and retain thesr.payments as a loss reserve fn Ifeu of mortgage Insurance. Loss reserve
<br /> Fam 302e 9/9Q
<br /> (�-BRINE)�e2���.0� Paqe 9 ot 6 inwa���
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