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<br /> S. Hazard or Pn►perty In.curA� Eiarrawcr ahull keep thc In�provcments existb�g or ereuRc crccted on thc
<br /> Pmpeny insurai agninst losw by firc. huumis included within the tcrm "cxternied roverago" And any athcr hu•r.anis, including
<br /> flcrods or tlooding, for�vhich Lcnder rcyuites insurnnce. This inzurence�hnll he maim.�ined in the umaunts und for the perlods �
<br /> that Lender rcquires. The insurancc currler providing the insuruncc shall be chmen by Burrower subicct to l.ender's upprovul
<br /> which shall not be unrcasonubly withheld. If Barrower fuils to mafntain coverage de.�;cribai atx�ve. Ixnder nmy. At l.encler's
<br /> option,abtain coveruge to protect Lender's rights 3n the Pmperty in accardu►xe witl�puragruph 7.
<br /> All insurunce poUcies uncf renewnls shull be uccoptable to l.encler und shull include u standard monguge cluuse. Lender
<br /> shall hnve the rlght to hold thc palicfes and renewals.If L.ender requires. Borrower shall promptly give to Lcnder c►11 rcceipts of
<br /> paid premiums and renewul nottces. ln the event of loss, Bormwer�hall give prumpt notice to the insurnnce carder und Lender.
<br /> Lender may make proaf af loss if not made promptly by Borrower.
<br /> Unless Lcnder und Borrower otherwise ugree in w�iting,insurarue proceeds shnit be upplied to restorntion or repair of the
<br /> Property damageJ,if the restoration or repuir is ecanomicnlly feasible And Lender's security is not lessened,If the restoration or
<br /> � repuir ic not econom(cally feasjble or i.ersder's security would be lessened,the insurance procer,ds shall be applied to the sums
<br /> socured by this Security Instrument, wheth2r or not then due. with any excess puid to Borrower. lf Borrower abandons the
<br /> Property.or does not answer within 30 duys A notice from Lender that the insurance c�rrier hns offered to settle a claim,then
<br /> Lender may collect the insurance proceeds. Lender may use Uie procceds ta repair or restore thc Property or to pay sums -
<br /> secured by this Securlty Instn►ment.whether or not then due.The 30-day periai will begin when the notice is given.
<br /> Unless Lender a�xl Borrower otherwise ugree in writing. eny applIcation of proceeds to pr�ncipa!shall nat extend or
<br /> postpone the due date of the monthly puyments referred to in paragraphs 1 and 2 or change the amount of the paymenu. lf
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's right to siny insurance policies and prooeods resultjng from
<br /> . damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Securit�Instrument
<br /> immediately prtor to the acquisition.
<br /> 6.Accupancy,Preservgtian,Meintenance and Protection of the YropeMy;Borrower'�s I,wm Applkatian; I.eASeholds.
<br /> ' Borrower shall accupy,establish,and use the Property as Bonower's principal residence within sixry duys after the execution of
<br /> this Secudty Instniment and shall continue to occupy the Property as Borrower's pdnclpal residence for ut least one year after
<br /> th�date of occupancy,unless Lender athenvise agrecs in writing,which consent shall not be unreasonably withheld,or unless
<br /> = cacenuaiing circw��auuu� cx;ai wlucl► �G �yor�3 ��.awcr's �ntml. Eorro::sr sts�f! ssas de�sro;. �9AL°^aC f?T !!R*�?AIf �!�
<br /> Propeny. allow the Property to deteriorate. ar wmmit weste on the Property. Borrower shall be in default if any forfeitun
<br /> '� action or praceetlIng,whether civil or criminnl, is begun that in Lender's good faIth judgment couid rcsult in forfeiture of the
<br /> � Properry or othenvise materially impair the lien created by this Security Instrument or Lender's security interest.Borrower may
<br /> ,� cure such a defuult and reinstate,ns provided in paragraph 18,by causing the rction or proccedfng to be diamissed with a tuling
<br /> that, in I.ender's good faith determinatton, precludes forfciture of the Borrower's interest in the Property or other material
<br /> i impairment of the lien created by this SecurIty Instrument or Lender's securiry interest. Borrower shall also be in default if
<br /> � Borrower.durir�the loan applicat[on pracess,gave u�aterially false or Inaccurate information or statements to Lender(or fnilod
<br /> _ to pmvide L.ender with any material inforaiation)in wnnecdon wlth the loan evidenced by the Note. including,but nat timitat
<br /> to, representations concerning lionower's occupancy of the Prope�ty us a principal residence. if this Security Instrutnent is on a
<br /> ' leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquires fce title to the Prope�ty, the
<br /> ` leasehold snd the fa title shall not merge unless L.ender agrees to the merger in writing.
<br /> 7.Protecdoa ot Lender's Rights in the i'roperty.If Borrower fails co per[orm thc covenants as�d agrarnents contairbd in
<br /> � this Security Instrument. or there is a legal proreoding that may si�nlffcandy affat L.ender's rights in�he Property(such as a
<br /> � proceeding in bank�uptcy,probate. for candemnation or forfeiture or to enforce laws or regulations),then Lender may do u�d '
<br /> ' pay for whatever is necessary to protect the value of the Praperty und Lender's rights In the Properry. Lender'� ac�ions may
<br /> • include paying any sums securod by a 1{en which has priority over this Security Insnvment, appearing in caurt, paying
<br /> ,,.� reasonable attorneys'fees and entcring on thc Property to muke repairs•Although I.ender may telce actlon under this paragraph
<br /> 't : 7,Lender does noi have to do so.
<br /> - '' Any amounu disbursed by Lender under this paragraph 7 shall become additional debt of Borrower stcural by this
<br /> ' + Security Instrument. Unless Bomower and Lender agrce to other terms of payment,these aennunts shall bear interest from the
<br /> date of disbursement at the Note rate and shaU be payable, with interest, upon notice from I.ender to Borrower roquesting
<br /> : payment.
<br /> 8.Murtgage Insuranoe.If Lender required mortgage insurance as a condidon of making the toan secured by this Securiry
<br /> � Instrument, Borrower sl�all pay the premiums required to malntain the mortgage jnsurance in effect. If,for any nason, the
<br /> � moxtgage insurance rnverage required by Lender lapses or ceases to be in effoct,Borrower shall pay the prerniums roquirod to
<br /> • obtain coverage substant�ally equivelent to the mortgnge insurance previously in effect,at a cost substantially equivalent to the
<br /> � cost to Borrower of the mortgage insurance previously in effect,from an alternate mortgage insurer approved by Lender. If
<br /> � substantially eyuivalent mongage insurnnoe coverage is not available,Borrower shall puy to Lender each month u sum equal to
<br /> � one-twelfth of the yearly mortgage insur.u�ce premium being paid by Borrower when the insurance coverage lapsad or ceased to
<br /> 's
<br /> be in effect. Lender wlll accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
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