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<br /> S. H�z�rd �r Property I�tura�ce. Borrowor sh�lf ke�p the improvementA now existin���r hereafter erected on
<br /> the F'ro�ierty insurod�Rainst I�s by firo, h�zarda incl►�dal�vithin the term "extended cnvcraXe" and any other hnu�ds,
<br /> incl�dine flcx�dA or flondin¢,tor which I.ender requirea inaurmce.'fhis insurencr,Rhall hc maintaine�in thr.amounts
<br /> and for the peri�Jx that l.endcr roquireA. 'I'he insurance carrier providinQ the insurmcc SheH t� ch�.�en by l�rrower
<br /> subject to I,ender's appmv�l whiah shall not be unrea�n�bly withheld.It I3orrower tails t�maintain crn�e�ego dascrihai
<br /> alxwe, l.ender m�y, at [xnder's optian,�bain covers�e to protxt I.ender's ri�hts in the 1'ro��erty in e�:cordsnce with
<br /> �n�raph 7.
<br /> All inaurence policies �nd renewals ahell be acceptable to l.er�der nnd shaU inrlude a standard mortga�;e clau�;.
<br /> I.enJcr shsll have the ri¢ht to hold the policiea �nd renewals. If I,ender require�, Horrower sh�ll promptly give to
<br /> l.ender al! receipu of p,�id prcmiums and renewal notices,ln the event ot loee, Aormwer shall eive prompt notice to the
<br /> insurancn carrier md I,ender.I.ender miy m�ke proof of losa if not made pmmptly by 13orrnw�r.
<br /> Unless L,ender and Bocrower atherwisea�roe in writin�,inaurance prc�ceoda shall lx spplieJ to restorntion or repai�
<br /> ��f the Property d�maead,it the rastoration or repair is xonomically ftasible and I.ender's security is not I�sscnai.If the
<br /> rrstoration�r rep�ir ie not�x:onomically feasible or L.ender's sa;urity would he lessened,the insurance proceals shall be
<br /> e�lied tn the sums socured by thie Security Instrum�nt,whether�r not then due, with any excess paid to Iiorrow�r.li
<br /> Iic�rmwer ahsndons the Property,or doea not aneaer within 30 days e notice from I.ender that the insunnce carrier hss
<br /> otterai to settle�claim, then Lender may collxt the innurance pmceeds. I..ender may use the proceecls to rer,air nr
<br /> reatorc the Propeny or to pay sums aecured by this Security Instrument,whcther or not then duc.'The 3Q-day period wil I
<br /> beein when the notice is eiven.
<br /> Unless Lender and Borrower otherwise eQroe in writin�,any application ot prceeeds co princip�l shall not extend ur
<br /> pcietpone the due date of the monthly peyments retetred to in p�r��r�phs 1 and 2 or chsnge the smount ot the payments.
<br /> If under pangraph 21 the Prnperty is acquited by Lender, Horrontr's rieht to any insurance policies and proc:EeJs
<br /> ravultin�from dama$e t�the Property prior to the acquisition ahall pas�v to Lender to the eYtent of tiis sums secured by
<br /> this Sa;urity Instrument immedi�tely prior w the�;quisition.
<br /> b.Occup�acy, Preserv�tion; M�inteaaace snd Protsction of the l'roperty; Borrower's t.oan Application;
<br /> LeaReholds. Horrower shall occupy,establish,�nd uee the Property�s Botmwer's princi�al residenoe within siny days
<br /> etter the execution of this Security Instrument �nd shall contin��o to occupy the Property as BaXrc�wer's prineipal
<br /> r�idence tor�t lact one year atur the d�te of accupancy,unlese Lender ntherwise a�reea in Nritin�,►v:hich coneont shall
<br /> n�t be unroasonably withhetd,or unleae extenuating circumauncea exiat which are beyond�orrower's control.Aorrawer
<br /> • shall not destroy,dam��e ar impir the Property,�{low th�Pmperty to deteriorate,or commit westr on the Property.
<br /> Fiorrow•er�hall be in dof�ult if any forteituro actian or prcx,�eedine, whetha civil or crimiml, is begun that in [.ender's
<br /> ecx�d faitfi jud�ment could reaolt in forteiture of the Property or otherwiae m�teri�lly impir the lien crated by this
<br /> Security �1.nstrument or Lender's exurity inurext. Borcowe'r insy cure aixh e default and reinstato, as provided in
<br /> para�nph I8, b� causin� the action or Qrr�ceedina tn M rljgmjawi .y�+�, � rulin: thst, ir. !-::�+t:'� gr,;3 t:itl�
<br /> determimtion,�xocludes torteit�re of tho Borrowcr'a inter�t in th�Property or other mataial impqirment ot the lien
<br /> crated by thie Security Inetrument p�l,ender's sxurity inte�st,f3orrower shall ale�be in default if IiorroNer,during
<br /> the loan application prrwrs�, �ave materially t�lx or inaccunw intormation or ata�tements to Lender (or tailed ti�
<br /> provide Lender with any materia)in�'ormation)in connection with tho Iwn evidenced by #he Note,includin�, but not
<br /> limited to, repreeent�tions concernin� BorroNer's occup�ncy ot the Property �s a principal roeidenix. If thia Security
<br /> Inetrument�s on�le�eehold,HorroNer ahall comply with all tho provisions ot the lease.If Borrower Acquircs foe title to
<br /> the Propeny„the la�el�old and the fee title shd!not mer�e unleee L.cnder a�ree�s to the mer�er in writing.
<br /> 7. Prc�tection o�Lender's Aithta ia the Pxoparty. It Borro�er teils to pertorm the covenants�nd�Qreements
<br /> contained in this Security Inetrument,or there is a lo�al proceedin�that m�y si�niticantly affxt L.ende''a ri�hta in the
<br /> Property. (such ae a proceodinQ in b�nkruptcy, prob�tc, ior condcmnation or �orfcituro or w enfnroe I�MS or
<br /> ro�ulatiorN's), then Lendor may du and p�y for whetever is neceaaary to protect the value of the Proporty �nd Lender'e
<br /> ri�hte in the Property;�:,ender'e �ctioru may include pryin� any sums socurod by � lien which hae priority over thie
<br /> Security Instrum�nt��ppe�rin�in caurt,payin�ro�eonsble�ttorneya'feee and entering on the Property to m�ke rep�iro.
<br /> Althou�h Letder may take�ction under thie p�ra=nph 7,I.ender doee not have to do so.
<br /> Any amou�te disbursed by Landtr under this p�ra�raph 7 shall bocome�ddition�l deht o�Borroaer eecw�ed by thie
<br /> Security Inatrument, Unlees Borroluqt.�nd Lender��roe te other terma of payment,tAese amounta shall bar interost
<br /> from the dsu of diebunement�t the Note rate qnd shall ba p�yable,with interest,upon�latice tmm I.estidcr to Bomower
<br /> roqueetin j p�yment.
<br /> 8. Martp�e Insuranc�.!t Lender royuired mort��e insu�nce as a oondition of•tnakinQ the loon eecurod by this �
<br /> Security lnatrpment,HorroMer e�hall•p�y ihe premiuma required:to m�intain the mort�aQe inaunnce in eftect.Ii,tor any
<br /> n�on, the::mort�e ineunnce covera�o required by Lender lipsas or ceaees to be in effoct, Borrower e1u11 p�y the
<br /> �x�emiums required to obtsin coven�e aubstanti�lly equivalent to the mortQage inaur�noa previously in effcet,at a cort
<br /> aubsqnti�Uy equiv�lept':to the coet.to BorraNer ot the mort�aQe inaurance previouely in effxt,,fr�m an alterrwte
<br /> mort�a�e inaumr �ppp,ovM by L.ender. It aubetsntially equivalent mortpa�e insurance covera�e im not av�ilable,
<br /> BorroNer slull p�y to t,fttder each month a sum eqwl to one-tNelfth of the yearl y mort�aQe inaurance promium being
<br /> p�id by BormNer Mhen the ineunnee.coveroee l�psed or ceac�ed to be in eftxt.Lendar will �cvept,uee and rotain theee
<br /> (�ymenta aa i laee reeen�e in fieu. ot mortgage insurance. Loea rexrve p�yments may no lon�cu be requirod,
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