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<br /> 1 5.Ha�rd or Property Insurs�nce. Bonowcr shall kccp thc improvcmcnts now exisung on c�rcaftcr crcctcd on thc Propcny -`
<br /> insured against loss by Grc, ha•r.ards included within thc tcrm "extcnded covcragc" and any athcr hwards,in�luding Iloc�ds or ,
<br /> Roading,for which Lender requires insurance.'I1�is insurance shall be meintained in the amounu and for the periods that l.ender�
<br /> reqnires. Th�insurance cnrrier providing�he insurance shall be chosen by Borrower subject to[.cnder's approval which chall not~ ..
<br /> bc untcasonably wlthhcld. If Borrowcr fails to malntain coverage describcd above, Lendcr may, at Lendcr's oplion, obtain � • � _
<br /> " �" covcragc to protcct Lcndcr's dghts in thc Property in accordance with paragraph 7. . -
<br /> All insurance policics and rencwals shall bc acccpu�blc to Lcndcr and shall includc a standerd mortgagc claus�. L.cndcr shall Q . •� •
<br /> havc thc dght to ho l d t hc po lic ics an d renewals.If Lendcr rcquires,aorrower shall promptly givc to Lendcr all rcr,eip�s of paid�Q " �ti�"��•��:y.
<br /> premiums and renewal nodces.In the event of loss,Bonower shall give prompt nodce to the insurance carricr and Lender.Lender Q ;y'�s���t'
<br /> may make proof of loss if not made promptly by Borrower. ti.1 "'`ti`�,�'�;r�t����
<br /> Unless Lender and Boaowcr otherwisc agrce in writing. insurar►cc proceeds shall be applicd to restorapon or rcpair of�he =
<br /> PropeRy damagcd, if thc restoration or rcpair is economicaUy fcasible and Lcnder's security is not lessencd,If thc restoration or
<br /> repair is not economically fcasible or Lender's security would be lessened,the insurance proceeds shaU be applied to U�e sums
<br /> secured by this Securtty Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons ihe ' ,^�:�+�*�•�
<br /> Property,or docs not answer within 30 days a notice from Lender that the insurancc carrier has offcrcd to sctdc a daim,then �""
<br /> Lender may collect the insurance proceeds,L.ender may use the praceeds to repair or restore the Property or to pay sums secureci �'`�'�
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<br /> by this Security Instrun�ent,whether or not then due.The 30•tiay period wil!begin when the nodcc is givcn.
<br /> Unless Lender and Bonower otherwise agree in wridng,any appGcadon of proceeds to principal shall not extend or postpone ..-��"
<br /> the duc date of the monthly payments refc►red to i�paragraphs 1 and 2 or change the amaunt of the paymenu.If under pazagraph '`��'',��.
<br /> � 21 the Property is acquired by Lender, Borrower's right w any insurance policies and proceeds resulting from damage to�he _
<br /> Property prior to thc acquisition shall pass to Lender to the extcnt of the sums secured by this Security Instrumcnt immcdiately �`� .'
<br /> ; prior to thc acquisition. ;
<br /> � 6.Occupancy,Preservation,Maintenance and Protection of the Property; Borrower's Loan Application;Leaseholds. " �
<br /> ' Borrnwer shall occupy,establlsh, and use the Property as Borrower's principal residence within skty days after the execution of �;,,;. .
<br /> this Securiry Instrument end shaU continuc ta occupy the I'roperty as Borrower's princlpal residence for at Ieast one ycar after the �`'•r'
<br /> � date of accupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld,or unless �;>,` , •,�':s•
<br /> extenuating cacumstances exist which are beyond Borrower's wntrol.Borrower shall e�ot destroy,damage or impair theProperty, ;;�F , :�Y�
<br /> = A1Sow tha Frapert}r to dctcrioraic. or conmii�;asic an shc Prapcsiy. Borrawcr shall � in dcfauls if an,fozfciturc�,tior,or ;,�.;,�;;,���:�=
<br /> � proceeding,whether civil or criminal,is bcgun that in Lender's good faith judgment could result in forfeiture of ihe Property or
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<br /> otherwise materially impair the Iien creaud by this Security Instrument or Lender's seciuity interest Borrower may cure such a s.•�
<br /> p default and reinstate,as provided in para�raph 18, by causing the acdon or prceccding to be dismissed with a ruling that,in r'
<br /> I.ender's good faith determinadon,precludcs forfeiturc of the Borrowcr's interest in thcs Property or other material impairment of •`
<br /> the lien created by this Security Inswment or Lender's security interesG Borrower shall also be in default if Borrower.during the H. �
<br /> loan applicadon pracess,gave materially false or inaccurate informadon or statements to Lender(or failed to provfde Lender with ' ��+
<br /> .� any material Uiformadon) in connecdon with the loan evidenced by the Note, including, but nat Gmited to, representations . _
<br /> conceming Borrower's occupuncy of the Property as a principal residencc.If this Security Instrument is on a leasehold,Borrower �;r••�-ti—--
<br /> � shaU comply with all the provisions of the lease.If Borrower acquires fee adc to the Property,the leasehold and the fce atle shall '_'�'_
<br /> '� not mcrge unless L.endcr agrces tn the merger in writing. x�t:
<br /> � 7.Protection of Lender's Righta in the Property. If Borrower fails to perform thc covenents and agreemcros contained in '-
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<br /> this Security Instrument,or there is a legal proceeding that may significantly affect I.ender's rights in the Praperty (such as a t ,-_— -
<br /> proceecling in bankruptcy,probate,far condemnadon or fodeiture or to enforce laws or regulations),then I..ender may do and pay E ._ —
<br /> for whatever is necessary to pmtect the value of the Property and Lender's right�in the Properry. Lender's actions may include ���__._-_.--_:
<br /> paying any sums secured by a lien which has priority over this Security Instn�ment, appearing in court, paying masonable !=_
<br /> auomeys' fces end entering on thc Propcny to make repairs.Although Lendcr may take acdon undcr 6�is paragraph 7,Lcnder =_ `
<br /> � docs not havc to do so. °_--•-
<br /> � Any amounts disbursed by Lender under this paragraph 7 shall become addiuonal debt of Borrower secured by this Security ,;;•.
<br /> '; Instrument Unlcss Borrowcr and Lender agree to other tern►s of payment, thcse amounts shall bear interest from thc date of �'�°"�"'- �'i'
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<br /> � disburscmcnt at thc Notc rate nnd shall be payablc,with intcrest,upon noticc fram Lender to Bonower rcquesting paymen� � ��':•� �. •�'
<br /> 8.Murtgage Insurance. If Lender required mortgage insurartce as a condition of making thc loan secuted by this Security '�`� � �~ "��'-''
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<br /> Instrument, Boaowcr shall pay the premiums required to maintain the mortgage insurancc in effect. If,for any mason,the �'°�+•^. Y" -
<br /> i mongage insuranee coverage requued by i,ender lapses or ceases to be in effect, Ronower shall pay the premiums required to �'.�_�
<br /> � obtain coverage substantially equivalent w the mongage insurance previously in effect,at a cost substiuitially equivalent to�he ' :
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate mongage insurer approved by Lcnder, If
<br /> i substandally cquivalcnt martgagc insurancc covcrage is not availablc, Borrowcr shall pay to Lcndcr cach month a sum cqual to ' •
<br /> � onc-twclfth of the ycarly mortgage insurance premium bcing paid by Borrower when the insurancc coverage lapsed or ceascd to �
<br /> jbe in effect. Lender will accept, use and retain these payments as a toss reserve in lieu of mort�age insurance. Loss rescrvc
<br /> � Form 3028 A190
<br /> � �•8R(NE)(¢2+2�.0� Pape3oia �muai�:
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