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<br />�:::F';.yy��;=- S. Hazurd or Property Insurunce. Borrowcr shull kecp thc impravcmcnts now existing on c�rcnftcr erectcd on thc
<br /> �=�� 'n'�; Nroperty insured aguinst Inss by fire, har.ards included within the term "extended caverabe" nnd nny other hurards, including
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<br />-°'`+'�'�';F'`;•; flcxids or flooding, Far which I.endcr rcquires insurunce, This insuruncc shull be mainti�ined in the amounts und for thc peri �
<br />_"=`�_�`�,�,,.. thut f.ender requires. The insurance carrier providing the insurunce shal! be chosen by Borrowcr subject to Lcnder's ►ipproval
<br />�,_�tix� which shall not be unreasonably withheld. If Harrower fnils to maintain coverage described ubove, I.ender may, at Lcnder's �
<br /> �����' option,obtuin covcrage to protect T.cndcr's rights in thc Property in accorduncc with parugruph 7.
<br />=— -- All insurunce policies and renewuls shall be acceptuble to Lender nnd shall in�lude u ,tundurd nwrtgasc clausc. Lcndcr
<br />'� shaU have the right to hald the policies and renewals. If I.ender rcqui�es,Borrower shall promptly give to I.endcr all rcceipts of
<br /> paid premiums and renewnl notices.In the event of loss,Botrower shall give prompt notice to the insuranee currier and Lender.
<br /> ;_�: �=:, . I.ender may make proof of loss if not made promptly by Borrower.
<br /> _ �� '�'�. Unless I.ender nnd Horrower otherwise agrec in writing, insurance proccecls shaU bc upplicd to restoration or rcpnir of the
<br /> ',� ` Property damaged,if the restoration or rcpair is economically feasiblc and Lendcr's security is not Icssened.If thc restoration or �
<br />":�'�',:'.�-'' repair is not economically feusible oi•Lender's security wauld be lessened, the insurance proceeds shall bc applierl to the sums
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<br />=1_t�;`�>,v.V secured by this Security Instrument, whether or not then due, wsth any excess paid to IIorrower. If Bonow�r abandons t e
<br /> Property, or dacs not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim,then
<br /> ` ��'`�� ; l.ender ma collect the insurance proceeds. Lender may uss the proceeds to repair or restore the Property or to pay sums
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<br />-=�:,r•;.;;;� secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given.
<br /> ""�`+"° � Unless L.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
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<br /> ;,.,1,;.1�X�, postponc thc duc date of thc munthly pnyments referred to in paragraphs 1 and 2 or chunge the amount of thc payments. I
<br /> '`u_ -�;,�;, under paragrnph 21 the Property is acquired by Gender, Borcower's right to any insurance policies and proceeds resuleing from
<br />_�;:�;�;��,�• ' damage to the E'roperty prior to the acquisitian shall pass to Lender to the extent of the sums secured by this Security Instrument
<br />_- ;;}�,�., immediatcly prior ta thc ucquisition. `
<br /> ;-_;��: 6. Occupsncy,Preservadon, Malntcnance and Protectian oP thc A'roperty; Borrower'� iw►an AppBcatic�n; I.euseh�ddy.
<br />-`';~,ti',,;�� Borrower shull accupy,estxblish,und use the Prnpeny a,Rorrower'ti principul residence wiehin rixty dirys ufter the executinn of
<br />��r`rs��f� this Sccuriry Instrumcnt und rhnll con[inuc ta occupy d►c Properry us Nurmwcr'ti principiil rctiidencc for ut Icast cinc ycur+iftcr
<br /> ___`�"� tl��datc of cxcupancy, unless l.cndrr othcrwisc ugr�cs in writing, which conunt tiliall nut bc untcu�unuhly withhcict, or unlc�.r•
<br /> �"���'�s'� cxtcnu�iting circumrtunccs cxitit which urc hcyond I3orr��wcr's conUul. Bi�rn»vcr shnll not dcstroy. dmnugc ur impiilr thc
<br /> ��'°�� Pro�x:rty, ullow thc Properry to dctcriuratc, <�r commit wuste un U:c Pro�rty, I3orrowcr �hall hc in dcfuult if any forfcilurc
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<br /> �-=--'"�;� uction or prcxecding, whcther civil or criminul,iti begun thut in I.ender'ti goixl fuith judgment could result in forfciturc of the
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<br /> -�.:,,,,-��� �'rcperi�a:a:tt2�r:�l�e n�tcri����y impair the lien created by this 5ecuriry Instrument nr I.ender's security interest. Barrowar muy
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<br />°"';�Y',��_� curc�uch u defuult unJ reinstatc,us providcd in paragrnph 18, by cuusing the uction or procceding to be dismisscci wit�u ruiing
<br /> `..°"�"g� thut, in I.endcr's gocxl faith determination, precludcs forfeiturc of the IIorrower's interest in thc Properry or other muteriul
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<br /> ���""�'�'��'� impairment of the licn creuteci by this Security Instrument or L.ender's security interest. Borrower shnll also be iti defuult �
<br />-��.e�� Borrower,during the loan upplicution process, guve mAterially false or inaccurate informution or stutements to Lender(or failed
<br /> -` - - to provide Lender with any materinl information)in connection with the loan evidenced by the Note,including,but not limitui
<br />"--�:�:a�--e$� to,representations concerning Borrower's occupancy of the Propeny as a principal residence, If this Securiry Instrument is on a
<br /> ---;;f'� leasehold, Borrower shall comply with all the provisions of the lease. If Borrower ucquires fee title to the Property, the
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<br /> =,. ...� leaschold and the fee title shall not mcrge unless Lender ugrees ta the mcrger in writing.
<br />"-"�''%'-.��� 7.Prutect[on of Lender's Rlghis In the Property. If Bonower faits to perform the covenants and agreements contained in
<br /> =="`"—`� this Securiry Instrument, or therr,is s legul praceeding that may significantly nffect Lender's rights in the Property (such as a
<br /> __=��°� proceeaing in bankruptcy, probate, for condemnntion or forfeiture or to enforce laws ar regulations), then Lender me�y do and
<br />� ���;��� pay for whatever is necessnry to protect the value of the Property and Lender's rights in the Property. Lendcr's actlons may
<br /> :•�`::^r:;:"�:i,:.�� includc paying any sums securcd by n lien �vhich has priority over this Security Instrument, uppearing in court, paying
<br />`,''�"'=`F- reasonable attorneys' fees and entering on the Propeny to make repairs. Althou�h Lender may tnke action under this paragraph
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<br /> ..� •.: 7,Lender does not have to do so.
<br />`�'�'�`�'°'` Any amounts disbursed by Lender under this paragraph 7 shull become ndditional debt of Borrower secured by this
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<br /> �•^�`� Security Instrument. Unlcss Borrower und Lender agree to other terms of paymr.nt, thesc amounts shall bear interest from the
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<br /> �. -- date of disbursement at thc Note rate and shall bc payable, with interest, upon notice from Lender to Borrower requestinb
<br />-..�.��•'� payment.
<br /> ��'�' `'~� 8. MortgaQe Insurunee. If Lender required mort�age insurance as a condition of making the loun secured by this Secwity
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<br /> - �•"^'''•' ' instrument, Borrower shall pay the premiums reyuireci to maintain the mortguge insuranc:e in effect. If, for any reason, the
<br /> � mortga�;e insurance coveragc rcquircd by [.r,nder lapses or ccuscs to be in effect, Rorrowcr shall puy the premiums requirecl to
<br /> obtain coverage substantinlly cquivalent to the mortgagc insurancc previously in effect,at n cost substantially equivulent ro the
<br /> , cost to Borrower of thc mortgage insurance previously in effect, from an alternate mortgage insurer approvcci by Lender. If
<br /> ' i substantially cquivulent mortga�e insurancc covcrage is not avnilablc. Aorrowcr shall pay to Lender e.�tch nzonth a sum cqual to _
<br /> ; � one-twclfth of the yearly mortguge insurance prcmium being paid by Borrower whcn the insurance coverage lapsed or ccased to =
<br /> be in effect. C.ender will accept, use and retain�hesc payments��s a loss rescrve in lieu of mortgugc insurancc. Loss rescrve _
<br /> Form 3028 9190 –
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