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<br />_�;',���.��.y S.Har.ard or PropeKy Insurance. Borrower shall kcep tho improvements now cxisting on c� tcr ercctcd thc Propeny
<br /> � ��; in.surccl against loss by fire, har.ards Includcd wlthin the term "extended covcrage" and any othcr hazerdv,including floods or
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<br /> ,v,u`��.' g, or which I.cndcr rcquires insurancc.l'his insurancc shnll bc maintaincd in thn amounts and far thc periods that Lcn er
<br /> T_-�,��.•, n;quira9.Thc Insurancc carricr praviding thc insurencc ahall b�e choscn by Banawcr subjcxt to Lcndcr's approvnl which shall not
<br /> ��;��-. bo unrcasc�nably withheld. If Bonower fails to mainiai�coverego daccrlbed aY,ovc, L.ender may, at L.endcr's opdon, obtatn
<br /> .�=���._ covcraga ta protcct Lcndcr's dghts in thc Propcc►y in accordencc wlth paragraPh 7.
<br /> ___.•,��� ��������l���to gn���n�W?�9 SII@�1 M s1c'.CC=;ubla tn Lenda and shaU Includc a standurd mortgagc clausc.L.cndcr shall
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<br /> --_- have tha right to hold the policies end renawals. If Lender rc;quires,Borro�ver shall promptly�ive tn I.ender ell reccip�g of pa�d
<br /> �:� pnmiums and renewel nodces.In tha avent of loss,Borrower shall give prompt nodca to[he�nsurance carrier nnd Lender.Lendcr
<br /> ��;,�� may mako proof uf loss if not madc prompdy by Borrowcr.
<br /> - °-- Unlacs Lcnder and Borrower otherwlse egroc In writing. insurancc proceeds shall be applied to rescocation or rcpair of the
<br /> , d� Property damaged,if tha restorat�on nr repair is etonomically fcasible and Lender's securlty is nat lessened.If tha restoradon or
<br />=`-��� repair 1.9 nat economically feastbla or Lender's securiry would be lessened,the insurance proceeds shall be appUed to tho snms
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<br /> �=_����� secured by thfs Securiry Instrument, whether or not then due,with any excess paid to Boaower. If Barrower abandons t he
<br /> �ti��:� Property,or does not enswer wlthin 30 days a notica from L.ender that the insurance carrier has offered to scule a claim,then
<br /> --� --- - Lender may colloct the insurance procecds•1.cnder may use the pracceds to repair or restore the Property or to pay sums secured
<br /> =�'� by tt►is Sccuttry Instntment,whethcr or not then due.The 30-day period wiU begin when the nodce is given.
<br /> '`�"`�� Unless Lender and Boaower otherwisc agrce in writing,any application of procccds to principal shall not extcnd or postponc
<br /> - thc due dau of the monthly paymcnts rcferrcd to in p�aregrephs 1 and 2 or change the amaw�t of the payments.If iu►dcr paragraph
<br /> --- 21 thc Proputy is acquired by I.ender,Borcowcr's cight to any insurance pollcies and procceds resuliing fram damage to the
<br /> � ' Property pdor to the acquisidon shaU pass to I..ender w the extcnx of tha sums secured by ihis Security Iusirument lmmediaicly
<br /> prlor m the acquisition.
<br /> --- - 6.OccupAncy,Preservxtion,Maintenance And Protection of the Property; Borrower's Laam Applkatba;Leaseholds.
<br /> Borrower siiall occupy.establish,and use 1he Property as Borsower's principal msldence within sixry days after the eaccudan af
<br /> -- -= this Securiry Instrument and shaU continuo to occupy the Property a4 Sorrower's principal residence for ai least one year efcer ihe
<br /> date of occupancy. unless Lender otherwiso agroes in wdtin8,which consent shaU not be unreasonably withheld, or unless
<br /> extenuatir►g circumstances eaist which are beyond Borrower's control.Bonower shaU not destroy.damage or impair the Property.
<br /> allow ihe Property to deteriocate,or commlt watte on the Propeny. Borrower shall be In default if any forfclwre acdon or
<br /> proceeding,whether civil or crLninel,ia begun that in L.ender's good faith judgment could result in forfeiwce of the Property or
<br /> otherwise materialty impair the lien crcated by this Securiry Inswment or L,ender's securlty intuesG Bosower may cure such a
<br /> default and reinstatc.as prnvidcd in paragraph IB. by causing tha acdon or proceedfng w be dismissed with a n►ling that. In
<br /> La�der's good faith determinatlon,PrecluQCS ioriciuue of che Borrower's inte�csi;n ti,c F�u�,�.iy�►oiii�mau�iat�r,�t of
<br /> the lien creatrd by this Securiry Instrument or L.ender's secarity 3ntuest Borrower shall also be In default if Sorrowu,during the
<br /> loan appHcadon process,gave matalally false or inaccurate infamation or stat�me+us w Lender(or failed w provide Lender wlth
<br /> _ ._ any materlal informadon) in connocdon with tha loarn evidenced by the Note. including, but not limital to. repce.9en�ions
<br /> conceming Borrower's occupancy of the Property as a principal residence.If this Securlty Inswment is on a leasehold,Borrowu
<br /> shall cocnp(y wlth all the provlsions of the lease.If Borrower acquires fee tifle w the Property,the leasehold and the foe fitle shall
<br /> not merge unkss Lendcr agrces to the muger in wdting.
<br /> 7.Protectbn ot Lender'e Rights tn the Property. If Borrower fails to perf�rm ihe covenants end agroements contained in
<br /> thls Securiry Insaument,ar there is a legal procoeding lhat may signilicandy effect Lender's rIghts in the Propeity(such aa a
<br /> proceoding ln banlm�ptcy�pmbate,far condemnation or fodeiture or to cnforce laws or cegulatlons)�then Lender may do end pay
<br /> for what�evcr is neces,sary to protat the value of ihe Property and Lcndu's rights in the Propercy.Lender's acdons may include
<br /> psying �ny sums socumd by a lkn which has prlority over U�is Security Instrument, appear3ng ia court, paYing reasonabb
<br /> attomeys• fees and entcring on the Propert5+to►nako repairs.Although I.cndcr may takc acdon under this paragraph 7.Lender
<br /> does not tuive co do so.
<br /> Any amounts disbursed by Le,nder under this paragraph 7 shall bocome addidonal debt of Bormwec secured by thi.c Security
<br /> Instrume��Unkss Borrowu and l,ender agroe to othcr tcrms of paymcnt,these amounts shall bear intuest from the date of
<br /> disbursement at the Note rate and shaU be payablc,with interest,upon nodc�from Lcnder to Barrowu roquatin8l�Y��
<br /> s.Mort�a�e Inaurance. If Lcndu required mongage insurance av a condition of making the loan secured by this Security
<br /> Instrumea�Bocrnwer shall pay tho pcemiums required tn mai�►tain the moctgage insurance in cffec� If, for any reason, �1►e
<br /> mortgege insornnce coveragc required by I.ender lapscs or ceases lo be in effect,Borrower shall pay the premiums rcquired to
<br /> — obmin covrrage substantfally equivalent to the mortgage inswance previously in effect,at a cost subsuu►dally equIvalent to the
<br /> cost to Borrowu of the mortgage insurance previously in effcct,from an altamatc mortgage insurer approved by Lendcr. If
<br /> ��-=_= substandally eQulvalent mortgage insurance coverage is not avatiab�. Borrower stu�ll pny lo Lender each month a sum equal to
<br /> one-twelfth of the yearly mo�tgage inswancc premium being paid by Borrower when the insurancc coverage lapsed or ceavod to
<br /> _;;�;�;�� be in effecG Lendcr will accep�usc and retain these payments as a loss reserve in lieu of mortgagc �nsurance. Loss reserve
<br />:�� Form 907� oJDO
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