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<br /> �`�"6� .S� Hiwrd or Propert9 IruurAnce. Borrower �h411 keep the improvcments now cxist[ng or hercafccr erected on the
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<br /> _�_.� P[optny Inwred �g�ins�lo�a by flro, haz�trds included wlthin the term "extended coveragc" and any other hazards, inclu ng
<br />--_;�, floads or tloodin�,for which Lender requires Inaurance.This insuranct shall be maintainect in the amounts and for the periods
<br />'_��';;,��. thtt Lender requiree, The inaurwnce carrier providing the insurance shall ba chosen by Borrower subJat to l.,ender's approval
<br /> .^u:.:�ci which sh�ll not be unreuonnbly wl�hheld. lf Borcower fails ta maintein coverage descr(bcd above, Lcnder may, �t Lcnder's
<br />- option,obtaln cover�ge to protect Ixnaer's rights In the Propeny in accordancc with par�graph 7.
<br /> ,„�;ry�� All iniuruue poNclea and renew�l� ahall be accept�ble to Lender And shall inciude a standard mortgage clause. Lender
<br /> sh�ll have the right to hold the policits and renewals. If l.ender requires, Borrower shall promptly give to i.onder all receipts af
<br /> '�`='`=p.,..�-�'� p�ld premiums xnd renewal notices.In the event of loss,Bonower shall give prompt nodce to thc Insarance carrier and Lender. ,�
<br /> Lender mr+y make proof of lou it'nat maQe promptly by Borrower.
<br /> :......rr� . Unless Lender And sorrower ocherwise agree in writing, Insurance proceeds sha11 be apPliul to re�toration or repair of the
<br /> '�� Propeny dam�gai,if the restoration or repair is economically feaaibla and Lender's security ia not lessened. If the restoration or
<br /> °'`'-�°4' rcpair is not economically feasible or Lender's security would be lessenod, the insuranca proceeds shall be applied to the sums
<br /> securai by this Security Instmment, whether or not then due, with any exass paid to Boaower. If Borrower abandons the
<br /> =``''"'� Pcopecty, or de�es not answer withln 30 days a notia from Lender that the insurance caniar has offered to settte a claim, then
<br /> j�=n��3��K�,. Lendcr may collat the insurance proceeds. Lender may use the procads to repair or restore the Property or to pay sums
<br /> �'`��'• aecured by this Security[nstrument,whether or not then dua The 30-day period will begin when the notice is given,
<br /> _d��� Unles9 L.ender and Bortower otherwise agra in writing, any application of proceeds to principal ahall not eztend or
<br /> -=_— ' postpone the due datc of the monthly payments referred to in paragraphs 1 and 2 or change the amount of thc payments. If
<br /> ---- under paragraph 2l the Property ie acquired by Lender, Borrower'a right to any insurance policies and proceeds resulting from
<br /> --�i damage to the�rc�erty prior to the acquisition sh�ll pasa to Lender to the eatent of the sums secured by this Securit,y Instcumont
<br />���_��� immcdiuely prior to�:u�.•quisitio . go�w�r'8 I�an Applkatioo;L�e,�seho�ds.
<br /> ---�""° 6.OacupRncy,Preaecvatbn,Maintenance wnd Pro►ecNon of t6e Propa�ty;
<br /> `��� Bonower ahall occupy,ostabllsh,and use the Property as Bonower's principai residence within sixty days after the execution of
<br /> this Security Instn►ment and aha11 condnue to occupy the Property as Bonower's principal residence for at least one year after
<br /> - `- = the date of occupuicy,unles�L.ender otherwise agrecs in writing, which consent shall not be unreasonably wichheld. or unless
<br /> extenuuing cirew►utances exlst which are beyund 9orrower's wntrol. 8onower shall not destroy, damage or impair the
<br /> p�opecty, al�ow ihe property to deteriorate, or commit waste on the Pcoperty. Borrower shall be in default if any forfeiture
<br /> = action or proceeding, whether eivil or cdminal, is begun that in Lender's gaxi falth judgment could rcsult in forfeiture of the
<br /> --= Pcc►pecty or orherwice roateri�lly Impair the lien created by this Security Instrument ar Lender's sxurity interest.Borrower may
<br /> cure aucd a default u�d reinsute.as provided in pazagraph 18,by caueing the action or procading to be dismissed with a ruling
<br /> � t6at, in Lender's aooci faith deternunadon, precludes forfeitun of the Borrower's in�erest in the Propercy or other matedal
<br /> = - impair[nent of the lien creatod by this Security Instcument or Lender`s securiry inicn�t. Bo,��w�r:atl wors w in�tfanit if
<br /> :; 8onower,during the loan applicndon process,gave materially false or inaccurate information or sta.tements to l,ender(or f�ilod
<br /> = to provide Lender with any material infacmation)in connection with the loaui evidencod by the Note,including,but not limitod
<br /> - ta,reptesentadons concerning Borrower's occupancy of the Property as a principal residena.If this Socurity Insuument is on a
<br /> = leasehold, Borrower shall wmply with alt the pmvision� of the l�ave. If Bonower acquires fee title to the Property, the
<br /> _ leasehold and the fee tltle ahdl not merge unless Lender agrets to the merger in writing.
<br /> 7,Protection oi I,enda's Rights in the Property.If Borrower fails to perform the coveua�its and agreements contained in
<br /> this Securiry Instromenc, or there is a legal proceeding that may significantly affect Lender's rlghts in the Pcoperty (such as a
<br /> proceeding in b�nkniptcy, probate, for condemnation or forfeiture or to enfora laws or regulations),then L.endcr may do and
<br /> pay for whatever is necessary to protect the value uf the Property and Lender's dghta in the Propeny. I.ender's actions may
<br /> _ Include paying any sums secured by a lien which h�s priority over this Security Instnrment, appearing in court, paying
<br /> reasonabl�attorneys' fees and entering on the Property to make repairs. Althaugh T_ender may ta�e action under this puAgraph
<br /> 7,Lender does not have to do so.
<br /> -- My amounts disbursed by L,ender under this paragraph 7 shall become additional debt of Bonower secured by this
<br /> � Security Instrumen[. Unless Bocrower and L.ender agra to other t�rms of payment, these amounts shall bear interest from the
<br /> _�_ - date of disbursement at the Note rate and shall be payable, with interest, upon notice fro�n Lender to Aorrower r�questing
<br /> . �.__. --� Payment.
<br />------ - 8.Mortgst�e InvurAn.a If Ixnder required mortgage insurana as�condition of making¢he loan secured by this Securiry
<br /> _�o-...�� Instrument, Bonower shall pay the premiums required tu maintaiu the mortgage insurance in effect. If, for any nason, the
<br /> mortgage insuruice coverage required by l.ender lapses or ceasos to be in effect, Borcower shall pay the premiums raquirod to
<br /> — ���� obtain covarage substantially equivalent to the mortgage insurance previously in effect,at a cost aubstantially equivalent to the
<br /> --�=� cost to Bortawet of the mortgage insurana previously in effect, from an altemate mortgage insurer approved by L.ender. If
<br />""�°"'"�"� substantially equivalent mongage insurana coverage is not available, Borrower shall pay to Lender each month a sum equal to
<br /> --°��� ona[welfth of the yeuly mortgage insuranco premium being paid by Borrower when the insurance coverage lapsed or ceasal to
<br /> _��°�°r�� be in effect.Lender will acapt,use and retain these payments as a loss reserve in 1[eu of mortgage insurana. I.oss reserve
<br /> r..r����� Form 3028 9190
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