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<br /> 5. HAZUrd or Prn�erty Insuruncc. B��rr��wcr shull kcep �hc fn�pr��vcnunts now cxisung on c�rcaftcr crccted on thc
<br /> Praperty Inrurcd ��guin�t luss hy lirc, haia�rds Inrludcd within thc�crm °cxtcndcd cuvcrugc° und uny othcr I►uia�rds, including
<br /> (lirxl,�+r fl�nxlin�!. fnr whf�h I.cndcr re��idrey Intiunmcc. This insur�incc tihull bc mulntuincd in thc unu�uuts und fur d�c pericxls
<br /> IIIUI IA'1ll�CP 1'Cl�lllfl'ti. I IIL' 1115U(iHICC 171f11Cf �)IUVNItII� IIIC lu�urunc� :,hall bc chusrn hy Hnrr�nv.�r���hJcct n�I.cn�lcr'ti uppruvnl
<br /> whirh tihull nut hc �uircutiunnhly witlihrld. li'f�►rrowrr 1'uils tu inaintuin cavcrugc dc,cribrd ahovc. l.cn.icr mny. +�t I.endcr's
<br /> uptiun,uhluin crrvcr�ig��ta prutat l.endcr'h ri�lnx In thc Pr��perty iu uccurdimcc with parugru�h 7.
<br /> All insurancc�x�licic+ nnd renewids shull hc urccptnhlc to I.endcr und�+hull includc u stundurd martgngc cluutia l.cndcr
<br /> shull huve thc right w h�dd Qh�pc�liric,and rcncwuls. If I�:ndcr reyuirer, Horrowcr shaU pramptly givc to I.cndcr ull recr.ipts of
<br /> puid premiums and ronewul natices.In the event uf lasti,Bnrrower shall give prampt notice to the insuranee currier und l.eixler.
<br /> l.ender may make proaf of losw if nat muJe prump¢ly by Barrowcr.
<br /> Unless l.end�r und Borrower otherwisc ugrcc in wrltii�g,insurancc proceeds shall be applied to restoration or rcpair of the
<br /> Property damuged.if the restarntion or repair is economically fen.gible and I.ender's security is not lessened.If the restoratiun or
<br /> repair is not econamically feasible ar I.ender's securlty would be lessened,the insurance proceeds shali bo applied to the sums
<br /> secured by thls Security Instrument, whether or not then due. with any excess paid to Honower. If Borrower abundons the
<br /> Property, or does not unswer within 30 duys a notice fram Lender that the Insurance carrler has offeral to settla a claim. then
<br /> Lender may collect the insurance proceeds. I.endcr rnay use the proceeds to repair or restore the Property or ta pay sums
<br /> secured by this Securlty Instrument,whether or not then due.The 30-day period wlll begin when the notice ia glven.
<br /> Unless Lender and Bonawer otherwise ngret in writtng, any applicudon of procads to principal shall not extcnd or
<br /> postpone the due date of the monthly payment5 referred to in parugraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is ucquired by Lender.Bonower's dght to any insurance policies and praceeds resulting from `;
<br /> damage to the Property prior to the acquisition shall puss to Lender to the eatent of the sums secured by this Security Instrumcnt '
<br /> immediately prior to the acquisitlon.
<br /> 6.Occup�ncy,Prese��vatton,Matntenance pnd Protectton of the Praperty;Borrower's Loan Applicatian;I.easeholds.
<br /> Borrower shall occupy,cstablish,and use the Property ag Bonower's pr�ncipal residence within slxty days aRer the exccution of
<br /> this Security In.strument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of accupancy, unless L.ender otherwise agrees in writing,which wnsent shall not be unreasonably withheld, or unless
<br /> extenuating cIrcumstances exist which are beyond Borrower's control. Borrower ehall not destroy, damage or impair the
<br /> Property, allow the Property to detedorate. or commit weste on the Fropeny. Borruwcr eliait � jr�defauii if aay fort'aiture
<br /> action or procading. whether civll or cdminal. is begun that in I.ender's good faith judgment could result in forfeltare of the
<br /> Property or otherwise materially impair the IIen created by tMs Securlty Instrument or L.ender's secudry Interest.Borrower may
<br /> curc auch a default and reinstate�as provided!n paragraph 18,by causing the action or procee�ling to be dismisscd with a ruling
<br /> that, la Lender's good feith determinatIon. precludes forfeiture of the Bonower's Interest In the Property or other materlal
<br /> impairment of the lien created by this Securiry Instrument ar Lender's security �nterest. Borcower shall elso be In d�fault if
<br /> Borrower.during the loan application process,gave materially false or inaccurate information or statemen�s to Lender(or failed ,
<br /> to provlde Lender with any materlal lnformatlon)in connectton with the loan evldenced by the Note,includtng,but not limited
<br /> to,representat(ons concernjng Borrower's occupancy of the Property as a pdncipal residence.If this Security Instrument is on a
<br /> leasehold. Borrower shall comply wlth all tha pmvlsions of the lease. If Borrower acquires fee title to the Property. the
<br /> leasehold and the fee tttle shall not merge unless I.cnder agrecs to the merger in writing.
<br /> 7.ProtaHon of I.ender's Rights in tl�e Property.If Bonower falls to perform the covenants and agracnents conteinai In
<br /> this Security Instrument, or there ts a legal proceeding that may signiflcantly affect I.ender's rights ln the Property (such es a
<br /> proceoding in bankruptcy.probate, for condemnatian or forfeiture or to enforce laws or regulations),then Lender may do uncl
<br /> pay for whatever is necessary to pratect the value of the Properry end Lender's rights in the Properry. I.ender's actions may
<br /> include paying any sums secured by a lien which has prlorlty over this Security lastrument, appearing in caurt, paying ,
<br /> reasonable attomeys' fees and emedng on the Property to make npalrs. Although L.ender may take ucdon under this paragraph
<br /> ?.Lender das not huve to do so.
<br /> Any amounu disbursod by I.ender under this paragraph 7 sball become addit[onal debt of Borrower secured by thjs
<br /> Security Insnument. Unless Borrower and I.cnder agree to other terms of payment,these umounts shall bcar interest from the
<br /> date of disbursement at ttie Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
<br /> payment.
<br /> 8.Mortgage Ynsurtince.If Lender requtred mortgage insurance as a conditton of making the loun secured by this Security
<br /> Instrument. Borrowcr shall pay the premiums requ[red to maintain the mortgage insurnncc in effect. If� for any reason, the
<br /> mortgage insurance covernge required by Lender lapses or ceases to be in effect, Bonower shall pay the premiums required to
<br /> obtain mverage substantially equtvalent to the mortgage insurance previously in effect.ut a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurunce previously in effect, from un altemute mongage insurer approved by Lender. If
<br /> substantisUy equivalent mortguge insurance coverage is not availuble,Borrower shall pay to Lender each month n sum equul to
<br /> one-twelith of the yearly mortgage insurnnce premium being paid by Borrower when the insurance coveragc lapsed or ceased to
<br /> be in effect.Lender will accept.use and retuin these payments as a loss reserve In Iteu of mortgage insurance. Loss reserve
<br /> Form 3028 9190
<br /> Pep�3 of 0
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