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<br /> � ��```'� 5. Hamt'df or Qeugeriy Iusaraace. Hoaawer shall keep the iiapmvemeats now existing�or t�eieaffer erectod on tae
<br /> �. '�. ....' '
<br /> � � � •� �� Pro�erty iasured agai.ast toss by fice.hazards inctnded witbin the term °extended wverage°and any other hazaTas.iacl�din8
<br /> . .. . � flood`s or ttooding;for whicb Lender re�ires i�urauoe.This insurance sha11 be maintained in the amounts ar.�for the periuds ��'`�
<br /> ,, �''•�; - tl�at Lender rcqi,*�s.'Ifie insurance carrier providittg ttte insurance shall be chosen by Basrower subject to Lender's approval `:. =��.
<br />. , v�hich shaU aot 6e unreasonably withheld. If Borrower faIts w mainiain wvetage described above. Lender may,at Lender's i � �
<br /> ^ , ��`_�`y�', option.abtain coverage ta protect i�ender's rights in the Property in ecrordance with ParagraDh 7. � ��_
<br /> `�•'.�.�.,� Ali insuraiace p olicies aad reaewals shali be acceptaisle tQ Lender and shall incl�de a standard mortgage clause. Leader � . :�?;
<br /> _ _' sball have tl�ee ti�ht to hold the policies and nenewals.If Lender requires.Borrower shrill promptly g ive to L en der a l l reoeipts o f � _
<br /> _f,. ,, .r`�F paid premoums and retcea+al aotices.In the event of loss.Borrower sUall give panmpt notice w the insuiance carrier and Lender, � :. �
<br /> , �.��4 Lender may make proof of loss if not made P�PUY by Bo��ower. . �;4
<br /> � •Uniess Lxuder and Borrower otherwlse ag�ee in�vriting.in�urance praceed.s sha116e applied to restoiation or repair of the �
<br />_ �'..L,: ':. prppert�r damaged,ef the reswratinu or rpair is economicaUy feas�'61e and Leader's security is not t�sened.If the restoration or ° y.°_-
<br /> '�`'`� � '1� repair is not ecaaomically feasibte or Lender's sewrity would.be Iessen2d.the insucance proceeds sI�a11 be applied to the sums� i � . -
<br /> '� �r'�'�,"�._�',:�� secured b y this Securi ty Inswmeat,whether or not then due.with arry exces§paid to Borrower. If Boaawer af�andoas tfie � ..
<br /> a.' . ,��. :Z 6 ••;p.
<br /> ' PrnPert3+•ox daes not answer wit�in 30 days a not�oe from I.ender that the insarance carrier hav affe�d to settle a claim,thea c ;r ,..
<br /> . F' Lender may coltect ttie lnsuranoe proceeds. Leader may use.the proo�ds to rePair or restore the Pmper►y or to pay snms _- _
<br /> . �� o:•. • �
<br /> �
<br /> - ' .�'v�� secured 6y this Security Ia�stnunent,whether ar not theu dae.The 30-day perioA wi116egin when the notice is gv�. .;_
<br /> £` Unless I.ender arid Bo�rower ofhen�+ise agree iiz writing, any application of pmceeds ta principal shall�not extead or �._
<br /> •,.' - _
<br /> � . ' postpoae the due date of the moathly paymems refernd to in paragraphs 1 and 2 or change tb�amount oF the payments. If
<br />_'', � ... `�;.�, uader paragaph 21 the Property is aoquiced by Lender,Bomnwer's right w any instuance po}icies and proceeds resilting fi�m ,�
<br /> `' . ' ? datnage to the�ioperty prtor w the aequisition sbaU pass to Iender W dte exteat of the snms secuied iry this Sec�ity Znstrumeat :���°,
<br /> . ., V .<< '[ �
<br /> � � , } immediately prior to the acquisition.
<br /> ':.�.....�, ..:,;:
<br /> , 6.Ua�apuncq,�aesvation,Ma3nienance and Pmtestion oFthe Progerty;Borrac�s Loaa Appltcattoa;I easdtotd9. '
<br /> ' Borrower shall accupy.establish.and use the Property as Borrower's principal residence aritbin sixry days after the execution of '
<br /> % : �:;z'�<, this S�urity Instzwnent and shali continue to accapy the Property as Borrower's principal residence for at least ane year after _-
<br /> . .�: '...� f•� We date of accupaacy.ualess Lender otherwise agmes ia writnog.whicb consent s�aU noi be nnmasonably witl�kheld,or unless _ -----
<br /> -' ,. .;�•:-.�`: e�tenua�in8 �jtpimstanc�s.e�rist whid� ars beYond Borrowet's w�trol. Borrower shall not destnuy. da�mage or impair the ,-'`
<br /> - F �Property,altaw the Fmperty to deteriorate,or commit waste on the Propetty. Borrower sl�all be itt defanit if siry forfeitace :� __
<br /> . ; .;�'�: adion m pmceeding,wbether civil or criminal,is 6egun that ia Lender's goad faith judginettt could tesWt in forfeituce of the '� •-
<br /> '�� �.:t; • Froperty or otheiwise materialiq impair the tieq created by t6is Secnrity Lisuument or L e n d e r's securinr i n i e r e s t.Borrower may :� -•_
<br /> P` . � ':�� j:; cure such a defaqlt and reinstate.as provided in paragraph 18,by causing the action or groceeding to be dismissed witb a.ruling .6. �
<br /> ; .�� ..' : ':�.}, tbai, in Lender's gaod faith detemiinatioa, Precludes forfeiture.of the Borrowe�s interest in the Properry ot other material � :�.}__
<br /> • .• , �. . i,`. impaimient of the lien creat�d by this Security Lisnument or Lender's securiry interest. Bormwer e6a11 aiso be in defaolt if ' `��_
<br /> � Borrower.during the loan application pracess,gave materiadty false or inacxurate iaformation or statements to I.ender(ar failed ;��"
<br /> to pmvide I.ender arith any mat�rial tt►formaflon)in oonnection with the loan evidenced by the Note,inclading.but nat limited ; -
<br /> � !�.:j w,cepresentatinnv conceriring Borrower's oocupancy of the Property as s principsil residenoe.If dris Security Instivment is on a'' :�'';�_
<br /> ' � �Ieasehold, Honower shaU comply with sill the pmvisions of the lease. If Bnnower acqsri�s fee 6tle to.the Property, the ;-.:--
<br /> ' �� �';' leasehold and the fee title shuU not merge unless Lender agrees to the merger in writing. ; �.
<br /> ��;:-
<br /> f 7.Protet�mn of I.ender's Rlghts iw the Pcopectp.If Borrower fails to perform the covenanu and agreemenu contained in � �•-
<br /> . '.!��;j t}us Security Insuument.ar there is a legal pmceeding chat may signifccantly affecc Lender's rig6ts ia ttte Property(such as a `�. ,
<br /> �'• •� � proceeding in bankniptcy.probate.for condemnation or forfeiture or to enforce laws or reguladons),then.Lender may do and s�'-�-
<br /> �:' �. . � '' pay for whatever is necessary to pmteci the vaiue of the Property and Len�er's rights in the Property. Lender's acdons may :�.�--•
<br /> e. - , . ��._ .
<br /> �.:.. .. • include paying any sums se�an'ed by a lien wlrich 6as priority over this Securiry Instniment, appearing in court, paying t�.;.�
<br /> F:._,:. , :�.{� � � reasonable attorneys'fees and entering on the Property to aiake repairs.Aithaugb l.ender may take action under t6is paragaph �
<br /> ?,Lender does not have to do so. . ����'
<br />�� '. � Any aawunts disbuzsed by Lettder uader this paragaph 7 shsll becorae additional deist of Borrower secured.by this 'E�-
<br /> '� � � Security in�r�uaxnt. Unless Borrower and I.ender agree to other tercrs of payment,these�unounts shaU bear interest from the f
<br /> ,
<br /> � ' � date of disbursement at the Note rate and shall be payable. with imerest, apan notiee from Lender to Borrower requesting +�' .
<br /> _,�..
<br /> � . � •' ' payment. .
<br /> "��� � �' ��. 8.Mortgage Insarence.ff Lender required mort�insurance as a condition of making the toan sec:ured by this Security � � -�
<br /> " � , , Instrument, Botrower ahalt pay tl�e premiums tequire�4o maintain the mortgage lnsurance in e f fect. I f, for any reason,t he � �
<br /> _ � mortgage insurance caverage required 6y Lznder lapses or ceases to be in effect.Botmwer shall pay the p�emiunts iequired to � •'
<br /> - ... obtain coverage substantialiy eqnivalent to the martgage inswance p�iously i�effect,at a cost substantialty equivalent to the � ' �
<br /> }��, cast to Borrower of the t»ortgage insurance previously in effect. from an alternate mortgage insurer approved by I.ender. If �-"
<br /> diA7:r :. l . .
<br />:���� . . '. . . ' substantially equivalent morr�ge insurance coverage is not available,Bor�ower shall pay to l.ender each month a sum equal to
<br /> �" �� one�-twelfth of the yearly cttcrtgage insurance premium being paid by Borrower vwf�en the insuranse coverage laDsed or oeased tq ! •�
<br />;��' � �� � be in effect.[.er.der.wi11 accept,use and c+etain tftese payments as a loss reseeve in lieu of mortgage insurance. Lass reserve �
<br /> r�.'. . � . . Fotm 3028 9(30 � .
<br /> . � , - . Page 3 of 8 - ! .
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