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<br /> � S.AiAZArd or�'roperty Inaur�nce. Sorrowcr shail kccp thc improvcmcnts now cxisting on c�rcafser crcctcd on thc Property ^
<br /> •� insured ageinst loss by firc, hazercls includcd within thc tcm� "cxtended coveragc" and any othcr hazards, including floods or
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<br /> flooding,for which Lcndcr rcquires insurancc.This insurancc shall bc maintaincd ln thc amounts and for thc pe.riods that Lcnde�� „ .,...,
<br /> requires.'Ilia insurar.ce carrier providing the Insura��ce srinll�e chosen by Aarrower subject to Lender's approval which shall not ., _
<br /> be unreasonably withheld. If Borrower fails to maintain coverngc described abovc, I.cnder may, at I.ender's opdan, abtai�
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<br /> �� cc�vcragcs to protcct Lcndcr's rights In thc Praperry in�cordancc with paragraph 7. ';'`,; L
<br /> � All insurance policies end renewals shall be acceptable ta Lender and shall include a standnrd mortgage clause.Lender sbaU� '�-��—
<br /> ' have the right to hold the policics and rencwals.If Lcndcr requires.Bonowcr shaU promptly give to L.ender all receipts of paid� ."'��_•
<br /> p r e m i u m s a nd renewal nouce.s.In the event of loss,Borrower shall give prompt notice:to the insurance carrier and I.ender.Lender� ;;��Y�.-Y
<br /> may make proof of lass if not made prompdy by Bonower. '�" �__-
<br /> Unless I.ender and Boaower othenvise agree in wribn8. insurance proceeds shciU be applied to restoradon or repair of the� ��:
<br /> propeny dartiaged.if the restoradon or repair is economically feesible and Lender's seccurity is not lessened.If U�e restorndon orw �s�:,-
<br /> � repair i5 not economically feasible or Lender's security would 6e lessened,the insuranc�proceeds shall be epplied to the sums ��'-�
<br /> _ securccl by this Security Insuument, whether or not lhen due, with any excess paid to Borrower. If Borrower abandons the _
<br /> ,. Property,or does not answer within 30 days a notice from Lender that�he insurancc c,arrier has offered w seule a claim,then
<br /> � � L.ender may callect the insnrance procecds•1-ender may use the procoecls to repair or restore the Property or to pay sums secured =__
<br /> 4 yy this Security Instrument,whether or not then due.The 30•tlay period will begin when the nodce•is givcn. ___
<br /> �. Unless L.ender and Borrower atherwise agrec in wcitin8+anY aPP>>�pon of proceeds to principal shall not extend or postpone _
<br /> the duc date at'Ihe monihly payments rcfcrred to in paragrnphs 1 and 2 or change the amount af the paymcnts.If under paragraph � `
<br /> K� �oP�Y P or to�the acquisid n hall paus�to Lender to theex�tencnof the sums secured by th'�s�Seciuiry Instrumer►t Immediately `V
<br /> prlot to thc acquisidon. _
<br /> � 6.Occupancy,Preserv�ttbn,Mainten4nce and ProtecNon of the Property; Borrower's Lustn Application;LeasehoWe. _
<br /> Bonowe�shall occupy,establish,and nse the Properry as Borrower's principal residence within sixty days after the execution of
<br /> ' � this Security Inslrument and shall condaue to occupy the Pcoperty as Borrawer's praicipal residence for at least one year after the
<br /> � dute of occ:upancy, unless Lend�r otherwise agrees in writing, which consent shaU not be unreasonably withheld, or unless
<br /> � eatenuating circumstances exist which ere beyand Borrower's control.Borrower shall not desiroy,damage or impair the Properiy,
<br /> � allow the Property to deteriorate, or commit waste on ihc P�u�ic�ty. Bo;rawcr ahatl� isi default if an; fotfPlt�r_. su�ri�n or
<br /> �� proceecling,whether civil or criminal,is be8un that in L.cnder's goad faith judgment could result in fodeiwre of tha Property or
<br /> otherwise materially impair it►e lien created by this Security Instrument or Lender's se�urity inceres�Borcower may ewre such a
<br /> ` default and reinstate, as provided In paragraph 18,by causing the action or proceeding to be dismissed with a rullng that,in
<br /> Lendcr's good feith determination,precludes forfeituce of the t3orrower's intcrest in ihe Property or other mat-.ria1 impairment of
<br /> the Gen created by this Security Instrument or Lender's securiry Interese.Borrower shal!also be in default if Borrower,dudng the
<br /> loan application process,gava mtucrlally falsc or inaccurate infortnadon or statemcnts to Lender(or failed to providu I.cnder with
<br /> - , any matedal information) in connecdon with the loan evidenced by the Note, induding, but nat limitsd to, representadons �_
<br /> �� conceming Borrower's occupancy of dta PropenY as a principal residence.If dus Security Ins�ument is on a leasehold,Borrower
<br /> ^- shall comply with all the provisions of the lease.If Bonower acquires fee ade to the Property,the leasehold and the tec dtl�shaq
<br /> �• not merge unless Lender agrecs to thc mcrgcr in wrlting.
<br /> 7.Protection af Lender's Righte in the Property. If Bonower fails to perform the covenants end agreements conteic►ed in
<br /> ;� this Seciuity Instrument,or there is a legel proceedin8 that may significantly affect Lender's rights in the Propercy (such as a
<br /> proce,eding in bankruptcy,probate,for condemnation or forfeiwre or to enforce laws or reguladons),U�en L.ender may do and pay
<br /> for whatever is necessary co protect the valuc of the PropertY and I.ender's rlghts in the Property.Lender's ections may include _
<br />_ paying any sums secured by a lien which hus priority over this Seciulty Instrument, appearing in court, paying reasonable
<br /> attomeys'fees and entering on the Ptoperty to make repairs. Although L.ender may lake action under this paragceph 7,Lendcr
<br /> � does not havc w do so. _ -
<br /> Any amounts djsbursed by I.ender under this paragraph 7 shall become addiponal debt of Borrower secured by this Seciuity -
<br /> InsuumcnG Un less Borrowc r a n d Lendcr a g ro e co othcr terms of payment,thesc amounu shall bear interest from thc date of _ _
<br /> disburscment at the Note rate and shall bc payable,with incerest,upon noace from L.cnder to Borrower requesting paymenG •�
<br /> 8,Mortgage Insurance. If Lender required mortgage insurance as a condldon of making the loan secured by this Security .. ,,,____
<br /> Instrument, Borrower shall pay the prcmiums requircd to maintau► the mortgage insurance in effecG If, for any reason, the , •":���=m_.-.-
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<br />- mortgagc insurance covcragc requircd by I.ender lapses or ccascs tu be in effect, Horcower shall pay the prcmiums required to �,_______
<br /> � obtain coverage subswndnlly equivalent to the niortgage insurance previously in effect,at a cost substantielly equivalent to ttie.;, �;;3�;_�-
<br /> - co�t to Borrowa of the mongagc insurance previously in effcct,from an alternate mortgagc insurer approvcd by Lu►der. If .,. :.�r'�.-_
<br /> substantially cquivalent mortgagc insurance covcragc is not availablc. Bonower shall pay to Lcndcr each month a sum cqual to -
<br />= one-twelfth of the yearly mortgage insurance premium being paid by Boaower when the insw�ar►ce coverage lapsed or ceaSCd co
<br /> be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mongage insurance. Loss reserve
<br /> _ Form 3028 9190
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