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<br /> S.HA�trd or Property Insurance. Borrowcr ahWl kcep thc improvcments now cxisting on c�rcaftcr crccted on iha Propeny �,�.:
<br /> �� insuced against loss by firc,hazards includcd within the tecm "extcndcd covcragc" and any othcr hazards,including [loods a �,
<br /> ' flooding,for which I.ender require.c insurance.This insurnnce sh�ll be maintained in the amounGs and for the pedods thet Lender -
<br /> -y'��?� requlres.'11�e insurance carriu providing the insurance shall be chosen by Hoaower subject to Lcndcr's approval which shall not -
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<br /> be unre�onably wlthheld. If Bozrower feils to maintait► coveraQe dcscnbcd abova, I.cnder may, nt I.ender's opdon, obtain —
<br /> +iy�� covuage to protxt Lendu's dghts in the Prope:ty in accordance with ParegrePh 7. �
<br /> -- ' All insurance poucies and renewals shaU be acceptable W I.ender and shaU�nclude a standerd mortgage claase.I.ender shall `__'.'
<br /> have the rlght to hold the policies and renewals. If L.endu requires,Borrower shall prompUy give to L.cnda all i+eccIpts of paid
<br /> premiums and renewal notias.In the event of loss,Borrower ahall gtve prompt nodce to the insurance carrIer end Lender.Lendu ��
<br /> � , may make proof of loss if not mada prompdy by Sarrowar. �'!
<br /> Unless Leiider and Borrower otherwisc agree in wrtdn8,insurance praceeda shall be applied to restorntion or repair of tha P
<br /> Prope�ay dameged,if the rostoratton or repair is exanomically feastble end Lender's securiry Is not lessened.If the restnration a ---
<br /> , re�mir is not ecor�ically feasible or Lender's security would bo lessenerl,the insurance proceeds shell be applied to the sums _-
<br /> • secured by this Sx�irf Instcument,whether or not then due, with any excess paid to Borrower. If Borrowu abandons the -
<br /> �,"r"� PcopCrty.or does not anewer within 30 days a nodce from I.ender that the insurancc carrier has offered to seule a daim, then __.
<br /> Lender anay c:ollect the insutat►ce proceecls.Lender niay use ihe proceeds to repatr or mstorc the Properiy or to puy sums sectucd �
<br /> �:'-,'�'�.-,,.,j ,} by this Secnrity Instrument,whether or not then due.'Il�e 3Q-day pedad will begin when the nodce is glven.
<br /> � ��''�� UNess Lendu and aorrawer othervvlse ag�ee in wrldng,any applicadon of proceeds to principal shall not extend or postpone
<br /> thc due date of the manthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If under para��ph
<br /> '`'`'���' . 21 the Property is acryuircd by Leader,Borrower's dght to sny insurance policies and proceeds resulting from damage to iho
<br /> ,�,:�; ': Property prior tn the acquisldon shall pass m L.ee�der to ihe eztent of Ihe sums secured by this Security Instrrument immediately
<br /> ,;... prla tn the acqufs[Hon.
<br />-_��•;���:`. 6.Oauptncy,Preeervatbe�Mpintenana and Protection ot the Propertyi Borrower'e LoAa Applicwtioni Leaiehold�.
<br />:.�.:w:.::e Horrowa ahall accupy.establish,and use tho Propcxty n��orrower's princlpal restdence within sixty days After tho wcocudon of
<br /> }i7. -:•� this Sociuity Instrument and shall condnue to occupy the Property es Bomowu's principal residence for at�eASt ono year�fter�he
<br /> `;�`�'�� :M, data of occupancy, unkss I.endu othexwlao agroes In wrfdng. which consent shall not be unreasonably withheW, or unku
<br />- - w:tG��i��i��u�s�scFS�isi witici��;.��y�sd Easresucr's casstml. Pa:soi:tr oh�!!s�t s!e°sro;.�sa;�Qr s�iselr s!�Prfl�r"-�'.
<br /> --N''-`"'��� alkiw tha Pr�opaty w deterloreto, or commit wagto on tho Property. Borrower shall be ln default lf eny forfeituro ectbn a
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<br /> --=�;•X..��'r') proceoding,whether civll�r cdminal,is begun that in Lendu's gaod ftlth judgment wuld result in fodeiwro of the Property a
<br /> -- �. othawbo materlally Lnpair tho Uen creAted by this Securlry Instrumcnt or Lender's securIty int�eres�Borrowu may cum such a
<br /> -�-°��'� defwlt and ninst�te, as prov�ded in p�r�graph 18,by cauaing the acdon or proceeding to be dlsmissed with a rullng that,ln
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<br /> L::-L� I.enda'a good faith determLuition,proclodes forfeiwre of the Borrowa's interest in the Property or other materiat impaimmnt of
<br /> --= the lkt►creatod by this Securlty Instcument or L.ender's secw�ity interesG Borrowe�shell also be in default if Bortowa,durfng the
<br /> --___---— kxm anpllcation pmcess.gave mater�ally false or inaccurate Wormation or statements to Lender(ar failod W provide L.eada wlth .
<br />--'sT•w� �. any makrlal !nf'onnation) in connection with the loan evldenced by tha Note, including, but not limited to, representation�
<br />_==;;� conceming Borrowu's occupancy of the Praperty a9 a pr�ncipal residence.If thjs Securlty Instrument is on a leasetwld,Bom�wa
<br /> -�=��� ' , shall comply wllh wll the provlsions of the lease.If Botrower acyuires fee dtle to the Propaty.the leasehold end the fx dtk sh�ll
<br /> - .� not merge unkas Lendor a�oes w the magu in wridng.
<br /> -�.-,�., 7.Protection ot Lender'e Rt�hta in We Property. If Borrower fails m perform the covena�►ts and agceemeats contained in
<br /> �_-�- _ . this Secudty Instrument,or there is a legal proceeding that may significantly affect Lender's rIghts in�ahe Proputy(such ag a
<br /> ��.W�:�� ` proceeding in banlcn�ptcy,probate,for condemnadon or forfeiwre or to enforce laws or neguladons).then Leader may do end p�y
<br /> �.n'��° ' for whet4vcr ls nocessary co protcct the velue of the Pmperty and I�du's dghts in the Propeaty.Lenda's actions may include
<br /> - — psying eny s�uns secural by a Uen which has priodry over this SecurIty Instniment, aP1�T�8 in co�ut, PoY�B reasonabk
<br /> - � "' atiort�ys'fces And antr�ing on the Propaty to mako rcpa[rs.Althongh Lender may take ac�on under dus paragraph 7,Lenda
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<br />-��� ' Any unonnts disbucsed by Lendu under this paragraph 7 shall become addiflonal debt of Borrower secured by this Security
<br /> _.--„�,,,,-„�, InstrumenG Unless Borrowu and I.endet agree W otha t�ecros of payment,these amounts ahall bear intaest from the date of
<br /> _-_��� disbucsanent at the Nota rato and shhtillll be payable,wlth interest,upon nodce fnom Lender to Borrowu mquestinng pAymen�
<br /> ��`��=—'� 8.Mort;�ge Insurana. If I.ender reqnIrcd mortgage insurancc as a condition of malcing the loan secur�d by this Sec�uity
<br /> ;���°'�"°:,:t'� Instrument, Borrower shall pay the premiums required to maintain the mortgage insurence in effec� If,for any reagon. the
<br /> "'''�`'�' m uagc requireti by I.ender lapses or ceases to be in effect,Horrower shall pay the premiums requlned to
<br /> � ��� �SBBe insivac►ce cov
<br />�„: � obtain coverage substandaUy equivalent w tha mortgage insurence previousiy in effect,at a cost substantiially equivalent to the
<br /> � ' ' cost to Bon�ower of the mortgage insu�nce pravtously in effect, from an altemate mortgage insurer approval by Lcndea.If
<br />� substantially equivalent mortgage insurance coverage is not available.Borrower shaU pay to I.ender eact�month a sncn equal w
<br /> ' onatwalfth of the yearly mortgage inaivance premium being paid by Bomnwer when the insurance coverage lapsed or ceased w
<br />. be in offece. Lender will accept, use and retait► these payments as a loss reserve in lieu af mortgege insurance.Loss reselve
<br /> ° Form 30 91,�0 =
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