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<br /> . . •S. Hat�rd oc Prnperty Ia�ur�ace, Borrnwer eh�ll keop the impruvementa nuw exietiif�`fir ha�i�?�el�et'tea ao-
<br /> • the Property ineured���itwt loee by tire,hazarde included Mithin the term "extendeci cuver��e" �nd any other h�ur�+,
<br /> includinQ flc�ada ar tloodin�,for whi�h I.ender requiroe insuranca.'fhie ineurrnce xh�ll be m�inuined in the am�unt�
<br /> •nd �or the periode that I.ender requiree, The in�sursnce c�rrie� providinR the ineu�mce ah�li be ch�xn by Sorn�wer
<br /> aubject k�L,ender'��pprov�l which ehall not be unrwx�n�bly withheld,ii BOrrower faile to m�intain covora�e daecrilxKf
<br /> above, l.ender may,�t T.ander'e option,abtein cAVer��e to protxt l,ender'e riRhts in tha !'n�perty in+�ccnrd�nce with
<br /> �ra�raph 7,
<br /> All ineurancq palicia and reneNaie sh�l) be �coeptable to l.ender and nh�ll include �etand�rd mnrt�a�o cluu�a,
<br /> I.ender sh�ll h�ve the right ta hold the �licie� and reneNal�. it i.ender requirn, F�rmn�er shaU promptly �it�e tn
<br /> I.ender all receipts o�paid premiumn�nd renew�l notioee, In the event ot 1aae,Bormwer ehall�ive prompt notice en the
<br /> inn��r�nra carrier�nd Lender.I.ender may m�ke proof at loee if not m�de promptly by BarmNer.
<br /> llnleae[,ender md BorroMer otherwiee��roe in WritinQ,insunnce procaeda ehall he�pplied to►r,�tor�tion ar rep�ir
<br /> nf the Pmperty dam��ed,if the rastor�tion or rep�ir ie aoonomicslly faeible�nd Lender'a eecurity ie not la+eened,If the
<br /> rcatantion or tep�ir ie not economically te�sible or Lender'e eecurity Nould be leesened,the ineurmce proc�eeds ahall be
<br /> applia!to the eume securod by thie Security Inettument,wl►ether or nc,t then dt�e,Mith any excaeie paid ta Horrower,lt
<br /> 1lorrower abanduns the Property,ot does not answer within 30 daye a natico Irom L.ondor that tFr�inaunnce csrrier hae
<br /> a[tarai w eettle s cl�im,then I.end�r may collect the imurat�ce prooeeds, Lender may uee the� tn rep�ir or
<br /> r�ttnce the Prvperty or P+o p�y eume exurod by thie Security Intttument,Nhether ur not then due. he�day periad wi I I
<br /> btgin when the notice is�iven.
<br /> Unla�e Lender md BorroNer othtrMise s�ree in wr+tin�,�ny application ot proce�de to princip�l shall not extend or
<br /> �pone the due date of the monthly paymente referred to in pra�raphe 1 and 2 or chan�e the amount of the p�ymenus.
<br /> I[under p�ragr�ph 21 the Property is aoquired by i,ender, BorroMer's ri�ht tc� �ny irwurance palicies snd proceeda
<br /> reeulting from damage ta the Property prior to the,►aquieition ehell pee�s to Lmc3er to the extent o!the snms sxutad by
<br /> this Security Ir�etrument immediatelypn or to the scquiaition.
<br /> 6.Occupancy,Preaerv�tion.M�inteeaoca and Protection of the Property;Borrower'�Loan Applicatioa;
<br /> Le�se6old�. Borrower shall occuPY,aetablish,and uee the Property ae BortoNOr's principal nsidence within si:ty daya
<br /> sfter the e:xution ot this Security Imtrument and ehall oontioue to occupy the Property ae BorroMer'e p�tincipal
<br /> reaidenoe tor�t lesat one yerr aher the date of oocupancy,ur►less I,ender othorwiee a�reee in�ritin�,w�hich con�ent ahal�
<br /> not be unre�eorubly Mithheld:or unlars e=tenu�dn�circumatarwee e�iet Mhich�ro beyond Borro�rer'a oontwl,Hc>rrower
<br /> shall not deatroy,dama�e or�mpur tha Property,altoM the Proparty to deterionte,or oommit M�ete on the Propeuty,
<br /> Aorro�er stull be in dafault if any forfeitura�ction or pra,roedin�, Nhetlbr civil or crimin�l,is be�un that in Lender'e
<br /> �ood tuth jud�ment a�uld reeult in fortaturo of the Property or otl►envisa materially impir the lien cre�ted by thia
<br /> Security Inetrument or Lender's securi�y interest. HorroMer m�y cure auch a def�ult and reineute, �s prc�vided in
<br /> p�ra�raph 18, by caueir� the acti,�r or proceedin� to be diemieeed MiRh a rulir►j that, in Le�der'e �ood laith
<br /> deoermination�precludee(orleiture o[the AorrvNer'e intereet in the Proroaerty or other mateei.l i..�����±,.�±,r�t.�l:.R
<br /> cre�ted by thie Security tnetrumant or Lende''e eecwrity inten+st.$o�c�ower ehdl dso be in ddault it BorroMer,duria�
<br /> the lasn application proc�eee, �av� materially taleo or inaccunte intormstion �r statement�to La�der (or tailed to —
<br /> provade L.ende�Mith any m�terial in[ormation)in connection Mith.the la�evida�oed by the Note,incJuditK, but n�t
<br /> limiped W� cePr'eaentatioroc,onoanir,� Bom�Mer'a ovcppnncy ot thb �s;}princip�l roeida�oe.It ttw Sectuity
<br /> :ln�tctim�nt ie on�ler�efwt¢;;BorroMer qM11 oomply tviwh wll the provicions o tti�lase.It Borrowrer aoquiree tee title� .
<br /> ,��a.���y,the le�sotwld�iui,d.r,he[ee titleetW I rwt m4r�e unlesr Lender a�raee'tn tt�e metser in w�ritin�.
<br /> , 7. Protoction of I.eaden'•s Ai jhts ip the Prcrperty. It BorroMer fals to perfcmn the oovaunta ac�d apec,n,enta
<br /> . oontained in thi�Security Inatr�iment,arr there ie a le�al procbedin�that may eiptiCcantly atfect Lendx'e ri�hts in the
<br /> ProPmtp (euch is � prnceedin� in bankriiP'tcy� Prob�ta, tor oondemnation �r torleituro or to emtoroe la�rs or
<br /> ro�ulaticme)�tl�en I.ender may do and p��[or Mhatever ie necaertary to protect the vdue of the Pro�erty and[.ir�d�er's
<br /> riehta in the Property. L.ende�r'a aceione may include payin�wy surne sxurod by a libn �vhich Fw prioriqr over thi�
<br /> Security Inetrument,�pp�e�rin�in oourt�P�7�nL ra�eun�ble attorneye'feee aed enterin�on tlre Property to malte ropairo.
<br /> Althou�h I.adx may take action under thie P�raSraPh.7,Lender dc�a not have to do so.
<br /> My amounu disburaed by I.a►cier wder thie panjnph 7 rha�ti become�dditional�ebt of BorroMer�ecurod by xhi�
<br /> Sacurity Iratrumen�Ut�e�e BorroMer u�d L,a�der ap�oo to otlio;�,termo of prment,thase amounn dWl bar inte�r+est
<br /> trom tAe date of disburoemqnt at the Note nte and sFwtl;�e payable,Mith intereet.:upon notice�from I.adec to BorroMer
<br /> reque�tins pymen� ' ;��+ � •
<br /> ',,••8. htortp�e Ia�urspc�:1[La�der requiced mortp�e inwrsna as a oondihon of tn�tin�tM lo�r►sec�ued by this
<br /> ' Security Instrum�nt.Borro+ver ehaQ pay t4#e premiums reqvired ta'itiyntafn the mcxt�a�e:ins�uanue in ef[ect.If,tor any
<br />� t�a�on,the mcsrt�a�e ir�u�anoe cnvets�e required by Londer lapeee or oeae�tra�e in�+gct;Botrn�ver sball p�y tl�e
<br /> pnrcniumb requited to obtain ooven�e aubetantially equivalent to the mortpje ir�euranoe p�+ewoudy in dfect,at a oost
<br /> subetantialiy equivalent W s�e caet to Barrv�er ot the mort�a�► i�unn�,�e pReviouely in eftect, trom an altetru�te
<br /> mortp� it�ttrer appnnve�t.'.'by I,ender. If eubstantially equivalent mort�e.�neunnoe oove��e ie twt �vailaWe.
<br /> BorroMer ah�ll pey to I.erder e�ch month a aum eqwl to one-tMelttA af the yarly mon�gc ineuranoe pnemium beinQ
<br /> pid by Horro�rer Mhen t1�e iteurance ooven�e lap�od or ceaeed to.bo in eKect.Lendar Mill aercept,use and retain thesa
<br /> P�Ymenta ae �•]oea resorvG in lieu oi mort�a�e �paunnce. Lc�ee s�eeerve pRyments may no IonQer be roquired�
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