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<br /> . S, fl���rd or i'roperty Insurance. Borrower ehell keep tlie imprnvements now exieting or hereatt��r erecti;d on
<br /> thd('roperty inaured egainst losa hy fire,hexards included within the term "extonded covorage"and any �ther he�arde,
<br /> incl��ine flood.9 or tlaodin�,for which Lend�r requirea insurance. 7'his insuranca shall be maintained in tlie amounts .
<br /> end tor the periodA thst I.ender requires.'I'he inaurencP cer�ier providing the insurance shall 6e chosen hy I3orrower
<br /> F�ihject to Londer's approvsl which sh�l! not be uiireasonabiy withheld.it Borrower fails to maintein coveraga described
<br /> ebnva, I,�ndar may,�t l.enc�or's optiun, obtsin coverege to protect l..ender's rights in the Property in eccordence with
<br /> pangreph 7.
<br /> All insurancr, �wlici� and rnnowele s�sll be accepeablo to t,ender end eha;l include a stenderd mortgege cle��.ve.
<br /> I.�ndec Ehall heve the riQht to hold the policies and rencwals. If I.ender requires, IIorrower shall promptly Rivo to
<br /> I.Cnder all ra;eipts ot paiJ promiumA and renewel notices.[n the ovent ot loss,Borrower shell givc pmrript notice to the
<br /> insurance carrier and I_ender.Lcnder may mnke pmn�of loss if not mede promptly by Aorrower. _
<br /> Unleqs Lendce end Aarrower otherwie�agroe in writin�,inaurence proczeds shall Ue applied to restoration or repair
<br /> of the Pro�xrty dnmeQed,it the restoration or repair is econamicnll�teaeible and L.ender's security is not lessened.If the
<br /> rCStoratinn or repair is not economicelly Ieaxible or I.ender's security would be lesscned,tha insurance prceeads shell be
<br /> applied to the aum9 sa:ureci by this Sa;urity Inatrument,whether or not then due,with any oxcess psid to I3orrower.If
<br /> i3orrower abendone tl�e Prap�rty,or does not anawer within 30 days e notice trom L.ender thet the insurance carrier hns
<br /> c►ftered to settle a cleim,then L.ender mey collect the insuranco proceede. l.er�dar mey use ttie proceeds to repair or
<br /> re9tore the Property or to pay aume secured by this Security Instrument,whether or not th�en due.The 30'day perioJ will
<br /> bCgin when the notice ie�iven.
<br /> Unlcss L.endor and Borrower otherwise agree in writing,any epplication ot prce�cds to principsl shall not eitend or
<br /> postpone the duo date of the monthly paymente reterred ta in psragraphs 1 and 2 or chengo the amount oi the payments.
<br /> If under parng�eph 21 the Property ie acquired by i.onder, I3orrower's right to any insurance policies end proceeda . •�
<br /> r�sulting from damage to the Property prior to the acquisition�hall pass to Lender t�the extent of the sums securcd by
<br /> this Security Instrument imme�ietely prior to the acquisition.
<br /> 6.Occup�ncy,Proservstion.hiaietonance and Protcctioa of the Yroperty; Horrower's Losn Applicrtion;
<br /> Lasehold�. Sorrower ahall occupy,rstabliah,end use the Property ea$orrower's principal residence within.sixty days
<br /> afur tlic exxution ot this Security Inetrument and shall continue to occupy tho Property es Dorrowar's �.rincipal
<br /> i-eside*.ce for at least one year efter the dete of cecupancy,unless L.ender otherwise agrees in writing,which consent shsll
<br /> not';c unreasonsbly withheld,ar unless extenuatir�g circumstances eYist which are bcyund Borrawer's control.Borrower
<br /> shell not destroy,damage or impair the Property,nllow the Property to detariorate,or commit waste on the Property.
<br /> Fiorrower she11 be in default if any torEeiture action or proceedin�, whother civil or Griminel, ie begun that in Lender's
<br /> good teith judgment could result en torfeiture of the Property or otherwise materislly impair tho lien created by thie
<br /> Security Instrument or Lender's sxurity intereat. Borrower may cure such e detault and ieinstate, as providod in
<br /> paragr�ph 1$, by causing the action or prceeeding, ta be dismissed with a ruling thet, in I,ender's gooci taith
<br /> cYetermination,preciudea forfeiture ot the Barrower's�nterest in the Prop�rty or other m�terial impeirment ot the lien
<br /> creuted by this Sccurity Instr�ment or I.ender's�ocurity interest. IIorrower shell also bo in defeult it Borrower, during
<br /> t;;c lcan ap�lics:i�.^. gr��, g�vc mgtnrially {wlse ni' inaccurate information or statements ta Lender (or feiled to
<br /> pravide I.ender with any materiel informntion) in connection with the loan evidencod by thc Note,inclucling,eut not
<br /> limited to,representdtions concerning Barrower's cecupancy of the Property as a princtpal residence. If this Security
<br /> Instri�mcnt is on s leasehold,Borrower shall comply with all the provisions ot the leaso.If Bonower acquires ta title to
<br /> the Proaerty,the leasehold and th�fa title shall not merqe unless L.ender agras to the mergcr in writing.
<br /> 7.Protectian of Lender's Righta in tha Yroperty. It Borrower faite to perform tho covenants and agreements
<br /> contained in this Security Instrument,or there is e Iegal proceeding that may aigniiicently aff�t Lender's rights in the
<br /> Property (such ae a procecding in bankruptcy, probate, tor condemnation or tor[eiture or to enforce lawa or
<br /> regulations), then Lend�r may do and pey for whatever ie nx�ssary to protect ths value of the Property and Lender's
<br /> rights in the Property,l,ender's actions may include paying any sums securcd by a lien which has priority ovcr this
<br /> Security Inatrument,appearing in court,paying reasonable attorneys'feas and entering on the Property to mAke repeirA.
<br /> Althnugh I.ender msy teke action under this paragraph 7,I,ender does not heve to Jo so.
<br /> Any amounts disbursed by Londer under this paragraph 7 shall become additianal debt of Borrower secured by this
<br /> Seci�rity instrument, Unleas Sorrower nnd Lender agree to other tcrms of payment,these amoimts shall bear interest
<br /> from the dete ot disbursement at the Notc rete nnd shell be paynble,witl�interest,�►pon notice from L,onder to Borrower
<br /> requesting payment.
<br /> 8, Murt�are Insurance. It L.ender requirccl mortgage insurance as a condition ot making the loen socured by this
<br /> Security Instrument,Borrower shall pay the premiums ra�uired to maintain the mortgage in5urance in effect.If,for any
<br /> reason, th� mortgage insurance coverage requir«l by I,ender lapses or ceases to be in ettect,I3orrower shall pey the
<br /> premiums required to obtein coverage�ubstantiall��equivalent to the mortgage insurance previously in effect,at n coat
<br /> substentially oquivelent to tho cost to Borrower of the mortgege insurance previously in ef[oct, from an alternat�
<br /> mortgage insurer approved by Lendor. If substantiall�� equivalent mortgage insurance coverage is not nveilsble,
<br /> 13orrower shall pay to i,ender each month a sum equal to one-twelfth�f the yearly mortgage insurance prernium being
<br /> paid by Iiorrower when the insurance coverage lapsed or ceased to be in effect.Lender will accept, use and retnin thesc
<br /> payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer t�e roquired,
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