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<br /> �8- 110526
<br /> S• 11mrd or Property Inwr�ce. Borrower shtll keep ttu Improvements now ezisting ar herc�fter erected �nn tho
<br /> Prqxrty Itu�urod �ainst lott by fi[r., huards included wlthln the tenn 'extended covenge' u�d Any o�her hu.uds.includina
<br /> ftuods �r Iloodin�,for which Lender requira iniuruue.This iruuruke sh�ll be nuint�ined in the amounta u�d for the perioda
<br /> th�t Le:nder roquire�. Tht �naurutce c,�srler provlding the insurance thW be choaen by Borrower subjxt to Lender'��pproval
<br /> which sh�ll not be unrnwn�bly withheld. lf Borrower fdls io ma�int�i�cover�Re descdbod a�ove, l.ender mny, at Lender's
<br /> option, obt�in cover�Ro to protect Lender's rights In the Property in �ccordence with paragraph 7.
<br /> All inaurnnce p�olkla u�d renew�ls shdl be�eceptRblc to l.r,war �nd ehall include •uandud mong�ga cl�use, I.rnler
<br /> shall have the right to Iwld the policia u�d rtnew�la. lf Lendec teyuircs. Borrower sh�ll promptly give to Lender�11 tat�pts of
<br />_ p�id pnmlurru and renewal naticw. In the evint uf loaa,Bormwer shdl give prompt notice to the insurance curier and Lender.
<br /> Ler�der tnry m�1ce proof of ioss 9f not made promptly by Barrower,
<br /> Unlas I.ender�nd Borrower otherwise�cee in writing,insurance proceods shall be appliod to reatoruion or repair of the
<br /> Property d�maged,!f the restoration or npair is ecoiwmically faa�ible�nd Lender's security is not lessened.If the restoratioa or
<br /> repair ia not ecanomically feuiblo or Lrnder's security would be Icstenod,the insurance procads shall be applied[o�he sums
<br /> xcurai by thls Securiry Instrument, whether or rat then due, with eny excas paid to Borrower. If Borrower abandona the
<br /> 1'roperty,or does not answer within 30 days a notice from Ltinde� that the insurance carrier has offered to settle 4 clum,then
<br /> Lender m�y callect the insuruice proceeds. Lsnder may use the pr000eds to repair or restore the Property or to p�y sums
<br /> aecured by this Security Insuumrnt,whether or not then due.The 30-0�y periad will begin when the�wtice ia 6ivea.
<br /> Unlas Lender and Borrower othenvise�gra in writing. �ny application of proceeds to princip�l sh�ll not extend or
<br /> postpone the dua dnte of thc monthly paymoncs nf�rrc� to in puagr,�shs 1 u�d 2 or change the unount of the paymenp, xf
<br /> under par�graph 2l the Property ia acquirod by Lender,Borrower's right to any inaurance policia�nd procuds nsuliicg trom
<br /> darn�e to the Prop�rty prior to the�cquisition sh�ll paaa to La�der to the ex►cnt of the suma aecund by this Secwiry.lnurument
<br /> immediauely prior to We�cquisitlon.
<br /> �. Oavp�ncy,Preeerv�tion.MaL�tenance aed Pirotection ot tAe Propalyi Borr+uwer'a Lo�n Applkatbo;L,�webold�.
<br /> Borrower shall occupy,atablish,u►d use th�Property u Borrowet's pricx:ipul rcsidena within siaty days aftGr the exaution of
<br /> this Socuriry Instnunent uxf sh�ll continue to axupy the Property as Borrower's principal naidenoe for u lwt ouo ytar�fter
<br /> the duo ot oocupancy. unleas I.ender otherwise agrces in writing,which con.xat sfWl na be unrGUOnsbly wichheld,a unleas
<br /> eatenuating circuusat� exist which are beyond Borrower's conuol. Borrower shall na deauoy, dam�ga a impcir the
<br /> Propaty,�llow the Property to dctedadue. or coromit waate nn the Pr�nperty. Borrower sh�ll be in default if wy torfeitu�
<br /> actioa or procading, wheth�r civil or criminil, is begun thu in Lender'a good faith jud6ment could rault ia fodeituro of tLe
<br /> PCODlRY o�othet'Wi�e truteri�llv imnai�tF�li_ry�r.rrafHl�i�r�iy Cwr��.;�,r�s,�s ar l...^r�a's:xur3r;int..-r--.,.s. °ar.�:�.m:�
<br /> cure wa;h�default�od ninsute.u provided ia pangr�ph 18,by cawing the aaioa or prooeeding to be dismi�ed witb a zvlin�
<br /> tdu.ia l,ender'a good faith de►.ermination, prccludes forfeitune of tbe Borrower'a iaterest iu the property or otber m�itcxi�i
<br /> imp�icmeat of cbe liea created by this Securiry Iaurument or Leoder's securiry intereat. Borrower s6tl1 �la be in default If
<br /> Hormwer,during the lwn applicatian process,gave materially false a inaocurue informuioa or satemeata to I.ender(a f�ikd
<br /> to pmvide Lrnder with iay mue�ial information)in connectioa with t6e loan evidenced by tbe Note. i�ludin�, but na li�ited
<br /> . to, reprdeatuiona co�aming Borrower's occupancy of the Pr»pecty n a principal reaidence.If t6i:Security Instrwnea�is an a
<br /> � leakhold, Borrower sh�ll comply with �Il the provi�ions of the lws. If Borrorver �cquira fee title w the Propaty, tbe
<br /> le�elwld�nd the feo tiNe sh�ll na merae unlaa Lender�graa to tha merger in writing.
<br /> 7. Protectloa a[I.emler'�Rt�hts ia the�ropa�ty.If Bomower fuls to pedorm tbe coveomts and�u ooauiaed ia
<br /> t6is Security Luuumeat,or tLere ia�leg�l proc�ading tLat may significanUy�ffact l.ender'i ri�hhu ia the Propetty (a�h a a
<br /> procaedia�in baakruptcy, probue, for coodemnuion or forfeiture or to enforoe laws or reguluioa�)� ttxa L,eader nsay do md
<br /> pay for w6uever is neca�ary to protect t!x v�lue of the F�+operty iu►d I.enda's righta in the Property. I.ender'a�ctiaia m�y
<br /> include p�ying any owns secured by a lien which h�a priority ova thi! Sxuriry Instrumeut� aPP��nB � ��.p�YaK
<br /> rcaaon�ble�ttornry�'fea snd entering on the PropMy to make repain.Although L,eeder may t�lce sction�cnder this,pea�r�ph
<br /> 9,Laicler doa not have to do so.
<br /> Any unouau disbursed by Lender under�tbb puagnph 7 stWl become �cldidoaal debt of Borrowa securod by t6ia
<br /> , 5ocuriry Inununent. Unl�s Borrowet and I.ender�gne to wher terms of paymait, thae aawunta ahali bear intenat frorn the
<br /> date of disburaement u the Note rue and stWl be payable, with intercst, upon notia from I.aider to Borrowa requdtity�
<br /> payment: � ,
<br /> �; �1Mtart�e Iu�urance.If Lender cequirod mortg�ge insuranot a a condition of m�king the lo�n secured by this Sx.vdty
<br /> Inauv�at, Borrower a1W1 pay Wa premiumt requlrod to m�int�in the mong�ge insuruice in effect. lf, for�ny rea�on, the �
<br /> mortg�ge insur�nce cover�ge requiral by Leixler lapses or ceu�s to be in effect. Borrower sh�ll pty the pranivan rcquiced to � .
<br /> obtaia ocrver�ge subetand�lly equivalent to the mongage insuru►ce pm�ioualy in effect,u a oost substuiti�lly equivaleot to twe
<br /> c�at a Bomower of the mortgage insurance previasly in effxt, from an altemate mortgage insw�er�pproved by I.,u�der. If
<br /> substmtially e�uiv�lrnt mo�tgage ituuranct coverage is not av�ilable,Borrower sh�ll piy to i.ender eacb month a wm•equal to
<br /> one-t�velfth of t6e ytarly mortgage insurdnce premium being p�id by Bomow�r when the insunnce covenge lap�d or atsed to
<br /> be ia effat.I.ender will�ocept.use and retain these payments�s �loss r+esecve in lieu of mortgage insur�oce. Losa nsetve
<br /> Fo.w 3021�� .
<br /> ��{FtltiEl�s��s►.oi rq.�a� �:
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