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<br /> - 5. Hur.urd or Pru�xrts• Instu•uncc. [�urr��wcr �hull krcp thc impruvcmcnty nu��� rxi,tinE �n• hcrc:�licr cr�rtcJ �m thc
<br />-. Prnperty insurcd utiiiinst Im, hy tir�. huianiti inrludcd within thr tcrni "cxicndrd r�rv�r,ipc" and cmq uthcr haiurd�, inrluding (Q ��'
<br /> . Iluuds nr tluuding. ti�r whirh l.cndcr rcyuircti mtitu'unrc. Thi+ in�uranre shull hc muintainrd in Ihr anuiwn,and tiir thc p�riodti � �n�
<br /> that Lcndcr r�quirc�. Thc in�urmrc can•icr prnvidin� thc in,uriinre shall bc chu+�n hy li��rr��wcr ,ulijrrt to I.cndcr'�appru��ul �
<br /> Whi�h yh:111 Itul hc unfC:ltiollAbly w�tthhcld. It kiurrowcr (ails tu tnaintuin cuvcru�c �I�+�iibcd ahu�•�. l.�ndcr ntay. at Lendcr'� � � :
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<br /> �•� optiun,obtain c:;iveragc to protect Lender's rights in the Prc,perty in ucrorJ.�nce with parugr,�ph 7. t'.'� �
<br /> � All insurance pi�licies nnd renewul�.,hall he ucreptnble to [.ender and shall includc .i titandurd nu�rtgage rluu�e. Lender � �,;
<br /> ` shall havc the right to hold thc polirics und renewals. If I.endcr reyuires, Borrowcr shidl prumptly�ivc tu I.enJcr aU rcccipts af � �;�
<br /> �' iid remiums and renewul notires.In the cvent ot'lass, Burrower shull give prompt n��ticc tu thc insuruncc rarricr unJ Lendcr. �A
<br /> P� P _
<br /> " Lcndcr muy mukc proof of loss if not mudc prcimptly by Borrowcr.
<br /> Unless L.ender and Borrower othcrwisc ubrcc in wricing,insurancc pruce�ds shull bc upplicd to restorution or repair of thc _
<br /> Property dnmaged, if the restoration or repuir is economicully fe;�sible and Lender'z security is not lessened. If the restorution or
<br /> rcpair is not economically fcasiblc ur L.cndcr's ticcurity would be Icsscned. the insurunce proceeds shafl be npplicd ta ihe sums �
<br /> i:
<br /> - secured by this Securiry Ir►mtrument, whether or not then due, with any excess paid to Borrower. If Borrower ubandons the _
<br />;9 Pmpeny, or does not unswer within 30 duys a notice from Lender that the intiurance carrier hus offered to settle u claim. then ��-
<br /> �� • Lender may collect the insurance proceeds. [.ender may use the proceeds to repair or resta�e the Properry or to pay sums
<br /> - ' � secured by rhis Securiry Instrumen[,whethcr or not thcn due.The 3Q-day periad will bcgin when the notice is given. c
<br /> Unless Lender and Borrower otherwise ugree in writing, any applica[ion of praceeds tu principal shall not ex�cnd or
<br />' poctpone the due date of the monthly pnyments referred to in paragraphs I a�id 2 or changc the amount of the payments. If
<br /> under paragraph 21 the Property is ucquired hy Lcnder, Borrowcr's right to uny insuruncc policies anJ procceds resuhin�from
<br /> i damage to the Propeny prior to the acquisition shuU pass to L.ender to the extent of the sums secured by this Securiry Instrument
<br /> immediatcly prior to thc acquisition.
<br /> 6.Occupancy.Preservution, A'laintenance and Protection of the Property;Borrower's Laan Application; Leasehalds.
<br /> •� Borrower shall occupy,establish,and use the Property us Borrowcr's principal residence within sixty days after the execution of
<br /> • this Securiry [nstrument and shull continue to occupy thc Propeny as Borrowcr's principal residence for at leas[one year ufter
<br />� thc datc of occupancy, unlcss Lender othcrwise agrees in writing,which consent shall not be unrcusonably withheld,or unless _
<br /> �, cxtenuuting circumstances exist which urc beyond Borrower's controL Borrowcr shall not destroy, damage or impuir the
<br /> � . Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in defau�t if any forfciture
<br /> �' action or proceeding, whether civil or criminal, is begun thut in Lender's good faith�udgment couid resuii in I�OII�GtIY�G�i'ihc
<br />-� • � Propeny or otherwise materially impair the lien crented by this Security Instrument or L.ender's security interest.Borrower may
<br />-:,, cure such n default und reinstate,us provided in paragraph 18, by causing the action or proceedin�;to be dismissed wilh a ruling
<br /> ' .'�� . � that, in Lender's good faith detcrminatian, prccludes forfciture of the Borrower's interest in thc Property or other material
<br /> impairment of the lien created by this Security lnstrument or Lender's security interest. Borrower shall also be in default if
<br />� �. Borrower,during the loun application process, gnve materially false or inaccurate information or statements to Lender(or failed
<br /> . ' ro provide i.ender with any material information) in connection with the loan evidenced by the Note, including,but not limited
<br />- '`� to, representations concerning Borrower's occupancy of the Property as u principal residence. If this Security Instrument is on a
<br />}" , leasehold, Dorrower shall comply with all the provisions of the lease. If Borrower ucyuires fee title to the Property, the
<br /> ; , Icasehold and the fee title shall not merge unlcss l.cnder agrees to the merger in writing.
<br /> ;-��,�:• 7, ProtecNon of Lender's Rights in the Property.If Borrower fails to perform the covenants and agrcemcnts contained in
<br />-s�='�::t��`.i£� � this Security Instrument, or there is a Icgal proccecling that may significunNy affcct Lcnder's rights in the Propeerty(such as a
<br />� """ , proceeciing in bankruptcy,probxte, for cundemnAtion or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> . pay for whatever is necessary to protcct thc value of the Property and Lender's rights in the Property. l.cndcr's uctions may
<br /> . . 5 inr,lude paying any sums secured by a lien which has prioritp over this Security Instrument, appearing in coun, paying
<br /> . - reasonable attorneys' fcxs and cntering on the Property to m�ke repairs. Although Lcnder muy take action undcr this paragraph
<br />- 7. Lcnder docs not havc to da so.
<br /> � Any amounts disbursed by C.cndcr undcr this paragraph 7 shall become udditional debt of Borrower secured by this
<br /> �,. . Sccuriry [nstrument. Unless Borrower and I,ender agrcc to othcr terms of payment, thesc amounts shall bear intcresl from the
<br /> � date of disbursement at the Notc rate and shall bc puyable, with interest, upon noticc from Lendcr to Borrower rcqucsting —
<br /> � payment.
<br /> 8. Murtguge Insut�ance. If L,ender required monguge insuranee as a condition of making the loan secured by this Security
<br /> Instrument, Borrowcr shall pay thc premiums rcyuired to maintuin the mongagc insurance in effect. If, for any reason, the _
<br /> , mortgage insurance covcrage reyuircd by Lender lapses or ceases to be in effect, Borrower shall pay the pretniums rcquireci to _
<br /> obtain covcragc substantially equivalent tci thc mongagc insurancc pncviously in cffcct, at a mst suUstantially cquivalcnt to thc _.
<br /> cost to Borrower of the mortgage insurance previously in effect, from an altemutc moiYgage insurer approveci by Lender. If
<br /> substantially cquivalent mortgagc insuranrc covcra£c is not availxblc.Burrowcr sh.ill pay to Lcndcr cach month a sum cqual to =
<br /> • one-twelfth of the yeurly mortgage insurance premium bcing paiJ hy Borruwer when the insurance coverage lapseci or ceased to _
<br /> � bc in cffcct. Lcndcr will arccpt, usc and retain thcsc payments as a loss retiervc in licu of nwrtgugc insurancc. Luss reservc
<br /> Form3028 9190
<br /> Pnpo 3 0�G
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