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<br /> � including floada or flaoding, for which L.eader requires insurance.This insuraucc shall be mAlntained ia the aawunts and
<br /> � for the pedods that l.ender requires.'Ihe Insurunce catriec provid�ag the insurAnce ehall bc choscn by Bonowcr subje�:t to
<br /> � l.ender's approval which ehall not be unreasonabiy withheld. 1C Horrower fails to maintaia coverage desedbed above.
<br /> Lender may, at Ixnder's option, obtala coverage to protect Leader's dghts in the Property in uctordance with paragraph
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<br /> All insurance policles and nnewale shell be acceptable ta I.eAder and shall laclude a standard mortgage clause. �,
<br /> Lcpdcc suall have the dght to hold the policies and renewa]s. If Lender requires. Bonower ahall promptly give to Lender
<br /> all recetpta of pald premium�and mnewal notices.In the aveat of loss.Borrower shall give prompt notice to the inaurance
<br /> carrier ettd Leader. Lender may make proof of loss if not made pmmptly by Bonawer. —
<br /> ��^f"'""'' ' Unless Ixndcr ond Borrower otherwtse agree in writing,insureacc proceede shall be applied to restoratiott or r sir _
<br /> �� ''"r'' af the Property dama8al, if the restoratlon or repair is economicaUy feasible uad Lender's securlty ls not lessened.I�the
<br /> re�toratlon or repair is aot ecanomically feasible or Lendet's securlty would be lessened,the insurance proceeds eha11 be
<br /> � applied to the sums saured by this Securiry Instrument, whether or not then due, witb eny excess paid to Borrower. If
<br /> Borrower abandons the Property, or does not enswer�vithin 30 days a notice from Lender that the insurance carrler has
<br /> �, offeral to settle a claim, thrn Leader may a�llect the insurance proceeda. Lender maY use the pTo�ds to mpair or restore
<br /> � tho Propecty or ta pay sums secured by this Seturtty Instcument.whether or not then due.'Il�e 30�day pedod wi11 begla
<br /> when the notice is givm.
<br /> Unless I.ender aad Borrower otherwlse agrce ia writing,any application of procceds to principal shaU not extend ar
<br /> postpoae the due date of the monWly payments referred to in paragraphs 1 and 2 or change the amount of the paymenta.If
<br /> � fromrdamaBe po the Pro��rior t the acquialtion ahalBpass o�Le de�r t the ext ntro the�lsums secu d b�s Sccurity
<br /> � Instrumentgimmediately�prlaipotheacquis[tion. __
<br /> � 6. Occupsincy, Preservatlon, MAintenance and Protection oi the Pco�uty; Borrowa's I.oau Appllcatlau;
<br /> � I.eAaeholds. Borrower shall occupy, establish, aad use the Property as Borrower s principal resldence wtthia si�cry deYs
<br /> after the exccution of this Security Insuwnent and shall coatinue w occupy the Property as Borrower's principal naldeaca
<br /> � � for at least one year after the date of occupancy, ualess Lender otherwise agrees in wrlting, which conseat shall not be
<br /> � unreasonably witbbeld,or unless exteauadng cin�unstances exist which are beyond Borrower's conuol.Bocrower ahall not
<br /> desuoy. damage or impair the Property,allow the Property to deteriorate, or commit waste oa the Property. Borrnwer
<br /> stwll be in default lf any forfeiture action or proceeding,whether clvU or crlmiaal. is begun that in I.ender's good faith
<br /> udgment could result in fodeituce of the Property or otherwise materiaUy impair We liea creatod by this Socurlty
<br /> � �tnunent or L.ender's sxurity interest. Bornower may cure such a default and reinstau,as provided in paragraph 18.by
<br /> causing the actlon or pmceeding to be dIsmissed with a ruling that, in Leuder's good faith deurmination. prxludes
<br /> ' forfeiture of the Borrower's interest ia the Property or other materI�l �airment of the lien created by this Socurlty
<br /> Instn�meat or Lender's security inurest.Borrower shall also be in default if rrower.during the loan appllcation procrss.
<br /> ave maurlaUy false or inaccurate informatton or statements to I,ender (or failed to provide L�ender with any materlal
<br /> - - ---`,�` ignfom�etion)in connxtion with the loaa evidenced by ihe i�oce, inciudia�,Gut a3t 2ir,�s�d io, .�Yr�•wdca•xncers�o
<br /> �•. , Borrower's occupancy of the Pcoperty as a principal resideuce.If this Securiry Instrument is on a leasehold,Barso�ver ehall
<br />�.,";��; � coaaply with aU the provisions of the lease. If Borrower acquires fee dtle to the Pcoperty, the leasehold and the fee dtle
<br />',• �° shall not merge unlass I.ender agrees w We merger ia wrIting.
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<br /> �}• 7. Hotection oi Lender e Rigt►ta in the Pcopaty. If Borrower fails w perform the ooversants and agroenoenis
<br /> ` wntained in this Secudty Instcumeat, or th�n is a legal proceeding that may si�nificaady affect 1.ender's rlghta in the
<br /> �::;. pc�operty(such as a proceeding jn bankiuptcy.probate.for condemnation or forfeTture or to enfon,e lawa or regulations)�
<br /> l t":.!`,�'„,,,:� then L,euder may do aad pay for whatever is necessary w protoct the value of the Property and Lender's rights in the
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<br />_�,:,�;,..:.,•z�; property. Leader s xtions may include paying any su�s secured by a lien which hPS priorIry over tbis ty
<br />�,;.',:,,.�,.•.' Insmubent.aP S in court.payiug reasonable attorneys'fees and entering on the Property to m�1ce repaire. Although
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<br /> ; „X Leader may actlon w►der this paragraph 7,Lender dces not have to do so.
<br /> �?'��:��.: Aay amaunts disbursod by Lender under thia paragcaph 7 shall become addltional debt of Borrower secured by thie
<br /> =_ _�.. Secucity instruaient.Unless Borrower and Leader agree to other tetm9 of payment,these amouata shall bear interest from
<br /> _�:;. the date of disbursewent at We Note rate and shall be piyable, with interest. upon nodce from Lender to Bornower
<br />----��: �i requesting payment.
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<br />;�,��:._;'�'_:� 8.Modsa�e Insura�ce. If Lender required mortgage insuranoe as a condition of makln�the loan secured by thie
<br />��;� Security Insuumeat,Bomnwer shaU pay the premiums nquired to nonintain the mortgage intur�ace in effect. If,for�ny
<br /> r�r,;, reason, the morigage insurance coverage required by Lender lapses or ceases w be in eYfect, Borrower shatl pay the
<br />;�,�,,,� .� r� premiwns requirsd W obtain coverage substantially equlvalent to ttie mortgage insuraace prevlou�ly in effect.at a cost
<br /> . . substraHally equivalent to tbe cost to Borrower of the a�ortgage insurance previously in eNect,fcom an alternate mortgage
<br /> ti'_'',,.-�� insurer approved by Lender. If substandally�valent mortgage insurance covecage is not aveilable. Boaower ahall pAy
<br /> _�,�� to Lender each month a sum equal to ono-twel af the yearly mortgage insursaa preadum being psid by Borrower when
<br /> _ the insuranoc coverage lapsed or ceased W be in effxt.L.ender wUl accept�use and retain these paymcnts as a loss r�serve
<br /> �.� f���� in lleu of mortgage insuranc�. Loss reserve payments may no longeT be required. at the optioa of L�eader, if a►ortgage
<br /> �.,'"S"�� Insurence covexage(in the amount and for the perlod thai I.ender requires)providod by an�approvod by Leadsr
<br />�"'.;:,�°"�'-' again becomes availible and ia obtatnal. Borrower ahall pay tht pmniums raquiTed eo maintain mortgege insu�ance in
<br /> �} �� eficct. or to provldc a loss reserie, unW the requirement for mortgage insurance ends in accordancx with any wrltten
<br />�J'y"�'td� .,;5,�r-' 8greement baween Borrower and I.ender or applicable law. �gp7g g/90/pays 3 0l 61
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