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<br /> � � 97- �4142� . ., ::.
<br /> � S.H�tu�rd or Property Insuronce. Aonowcr shall kxp thc improvcmcnts now cxisSing on c�r tcr crcctcd on thc Property
<br /> insured against loss by C�re,haeards includcd within thc term "cxtcnded cove:age" and any other haaards, including floods or
<br /> flooding,for which L.ender requires insurnnce.This ins�uance shall be mainudned in tho amou�ts and foe ihe periods that I.ender . .
<br /> requires.'Ihe insurance carrier pr�viding the insur�nce shall be chasen by B�nawer subject to LendePs approvnl which sh�ll noc
<br /> � be unrcasonably withhcld. If Hoaowcr fails W meintain coveragc describcd above, Lender may, at Lcndcr's opdon, obtain ��:s.;_
<br /> covcragc to protcct L.cndcr's rights in thc Property in nccordancc with parngreph 7.
<br /> ' All insurance policles and renewals shail be acceptable tn Lender and shall include a standard mongage clause.Lender shnll ��?=_'
<br /> ,.,,,:,f,�'� ''':,-�
<br /> . :�r liave the right to hotd the policies and renewels. If l.endu requires,Borrowcr ahall prompdy give to I.ender all receipts of puld ;.:,__._
<br /> premiums and renewal nodees.In the event of loss,Borrawer shall give prompt noacc:to the insurance carricr and Lender.L.end�r �:�=s�'-
<br /> may makc proof of loss if not madc prompdy by Bocrowu. �Y;;�w
<br /> Unless Lendet and Borrower otherwise egree in wri�ng.lnsurance proccals shall be applied to restoradon or repair of the _ __
<br /> ' � proporty damugcd,if the restoration or rcpair ls cconomicelly fcasibla and d..cnder's sccuriry is not lesscncd. if the restoration or �'_s-�
<br /> . repair is not oconomically feasiblo or Lender's security would be lessened,the insurance procecds shaU be applicd to the sums "�
<br /> secured by ihis Security Inst�ument, whciher or not thcn duc, with any eacess paid to Borrower. If Borrower abandons the '•?;"
<br /> .,
<br /> . Property,or does not answer within 30 days a nodce fran Lender that the insurance carrier has offered to settle a claim,then • �'�
<br /> Lencicr may collcct the insurancc procecds.Lcndcr may usc the proceeds to rcpair or restorc thc Property or to pay sums securcd •;�
<br /> � by this Security Instrumcnt,whcther or not thcn duc.'llie 30-day per�od will begin whcn the nodce is given. '-'
<br /> + Unless I.ender and Borrower atherwtse egrce in wripng, any eppllcapon of proceeds w principal shaU not extend or postpone —
<br /> s the due datc of the monthly payments refcrrcd to in parlagraphs 1 ar�d 2 or change the amount af the payments.If under paragraph
<br /> ' 2l the PrapeRy is acquired by Lender,Borrower'9 right to any insurance policies and proceeds resulting from dnmage to the '?
<br /> � Pro p ert y pdor to the ocquisition shall pass ro L,enda uo U�e extent of the sums secured by this Securiry Instrument immediately -
<br /> - „� prior t4 thc ecquisition. ,'
<br /> 6.Occupancy,Preservptbn,Matntenance And Protection of the Property; Borrower's Loan Appllcatiani Leuseholds.
<br /> Bonower shall occupy,establish,and usr:the Propecty as Bo�rower's principal residence within sixty days after the execuuon of �-
<br /> �• this Security Instrument and shall continae w occupy tlaePropecty as Borrower's principal residence for at least one year after the =
<br /> � dute of occupancy. unless Lender otherwise agrees in wridng, which consent shaU not be unreasonably withheld. or unless
<br /> eatenuating clrcumstances exist which are beyond BoROwer's conuol.Borrower shall not desuoy,damage or impair the Properry,
<br /> � allow the Property to deteriorate, or commit waste on�he Property. Borrower shall be in default if any forfciture action or
<br /> k proceeding,whether civil or criminrJ,is begun that in Lcnder's good faith judgment could result in forFeiwre o£the Property or
<br /> _ _ - � otherwise materisiiy impair ihe liu�crruir�oy L`�;�Sa:.iuity Instru��i�r Lcndcr's security iIIt°cC°i.$oito�e[rii8y tutC g��r�!�
<br /> � �' default and reinst�te,as provided in parngraph 18,by causing ihe action or proccetling to be dismisscd with a rullag that,in
<br /> t Lcnder's goad faith determinadan,prccludes forfciwre of the Bonower's interest in thc Property or other materlal impairment of
<br /> r the ltcn created by this Security Instrument or Lcndcr's security interesG B�rrowcr shall also be in default if Borrower,during Ihc
<br /> '�'� loan applicadon proce.ss,gave materially false or inaccur�e informarion or statements to I.ender(or failed to provide Lender with
<br /> any cnatuial information) in wnaecdon with the loan evidenced by the Note, including, but not limited to, representaduns
<br /> conceming Borrower's occupancy af the Property as a principal residence.If this Securlty Instrument is un a leasehold,Borrower
<br /> shall comply with all the provisions of thc lcase.If Bonnwer acquires fee dde w the Property,the lcasehold and the fee tifle shsill -
<br />- not mergc unless Lender agrces co the merger in wriqng•
<br /> - 7.Protection ot Lender's Rights in the Property_ If Borrowcr fails to perform the wvcnants and agreements contained in _
<br /> this Security Inswment, or there is a Iegal proceeding�hat may significandy affect Lender's rights in the Property (such as a
<br /> � , � procecding in bankruptcy,probate,for condemnadon or forfeituro or to enforce laws or seguladons),then I.ender may do and pay —
<br /> for whHtever is nece.�ry to protect the vnlue of[he Property and Lender's rights in the Propecty.L.ender's acdons may include
<br /> , � � paying eny sums secured by a lien which has prioriry aver this S�uriry Instrument, appcaring in court, paYinB rctisonable _
<br /> attomeys' fees and cnlering on Ihc Properry W make rcpairs.Although Lcnder may tnke acdon under this paragraph 7,Lendcr
<br /> does not have to do so.
<br />- ' �� Any a�nounts disbursec!by Lender under this paragreph 7 s6all become addidnnal debt of Bonower secared by this Sccurity
<br />_ • Instrumen� Unlrss Borrowcr a�id L.cnder agrce to othcr temis of paymcnt, thcsc amounts shsill bear interest from thc date of
<br />_= � disbursement at the Note rate and shall be payable,witt�interest,upon notice from L.endes W Borrower mquesting payment,
<br /> 8.Mortgage Insurance. If Lender required mortgage insurance as a candition of making the loan sccured by this Security
<br /> � Instrument, Borrower shall pay the premiums required to maintain the mortgage insurnnce in effecG If, for any reason, the
<br /> mo�tgage insurance coveragc required by I.ender lapses or ceases to be in effect,Borrower shall pay the premiums required to __
<br /> ' obtain coverage substantially equivalent to the mongage insurance previously in effect,at a cost substantially�.,quivalent to the = -__-
<br />= cc�st to Borrowcr of the mortgage insurance previou9ly in effc�t, from an altemate mortgage insurer approved by Lender. If �-_.
<br /> substanually ec�uivalent mortgage insurance coverage is not uvailable, Borrower shall pay to Lender cach month a sum equal to ,�;`a',�;';
<br /> one-tweifth of ihe yearly mortgage insurance premium being paid by Borrower when the insuranee wveraEe lapsecl or ceased to •=��!
<br />- be in effect. Lender will accept, use a�id retain thesc payments as a loss reserve in lieu of mort$age insurance. Loss xescrve .
<br /> Form 3028 9IO0
<br /> - �•BR(NE)1o2tz).o, Pap.9 0�s innuu: �
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