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<br /> �S. Hazard ar Prnperty Insurance. Aorrower shnll kcep the improvcments now existing or hercafter crceted �n thc
<br /> Property insural against loss by fire, hazards included within the t�rm "extendcc; caverage' and uny other har.�trds, including
<br /> floais o�flaxling, for which L,eixier requires insurancc. 'Chis insuruixe shull be maintuined in the umounts ;uid far the pericxis
<br /> thut l.endar requires. 1'he insurance car�ier providing the insurunce shall be chosen hy Borrower subject to l.ender's iipprovitl
<br /> which shall not be unreasonably H�Ithhefd. If Borrower fails to mairuuici covcruge described above, L.cnder muy, nt Lender's
<br /> option,obtain coverage to protect Lender's rights in the Pmpetty in uccordance with purabraph 7.
<br /> All insuranr.e policies and rencwnls shall bc ncceptablc to l.ender nncl shall includc u:;tandnrd mortgagc clnusc, L,cnder
<br /> shall have the right ta hald the policies and renewals, If I.er�der requires, Horrower shull proniptly givc to l.endcr ull rcccipts of
<br /> paid premiums and renewal notices.ln the event af loss,Iiorr��wer shall give prompt notice to the insurunce carrier und I.ender.
<br /> Lencier may make prcwf of loss if not made pramptly by Harrower.
<br /> Unless Lender and Borrower otherwise agra in wri�ing, insurance proceeds shull be apptied to re�toration or repair of the
<br /> Property damagal. if thc restoration or repair is economically feasible and Ixnder's secu�ity is not Iessened. If the restarntion or
<br /> repair is nut economically foacible or I..ender's security would be Icsuned,the insurance proceeds shall be applied to che su�ns
<br /> secured by this Security Instrument, whether or not then due, with any exce.5s paid to Borrower. If Borruwer abandons the
<br /> Propeny,or docs not answer within 30 days a notice from Lender that the insurunce cnrrier has offered to scltle a claim, then
<br /> Lencicr may collect the insurance proceods. Lender muy use ttie praeeds to repair �r rest�xe the Property or to pny sums
<br /> secured by this Security lnstrument,whether or not then due.The 30-day period will begin when the notice is given,
<br /> Unlcss Lender and Borrower otherwise agree in writing, any application of prc>ceeds to principal shall not extend or
<br /> postpone the due date of thc monthly payments rcferrcd to in paragraphs 1 and 2 or cliange �he amount of the paymcnts. If
<br /> under paragraph 21 the Property is acquirad by [.encier, Borrower's right to any insurance policies and proceecis resulting from
<br /> damage to the Property priar to the acyuisition shull pass to Lender to the extent of the sums securai by this Security Insttument
<br /> immedietely prlor to the acquisitian.
<br /> 6.Occupancy,I'�'eservaUon,MaintenAnce and PrutecNon of the Property; Borrower's Lovn Applicntion;i,e�selwlds.
<br /> Bonower shall occupy,�stablish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> this Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one year after
<br /> the date of occvpancy, unless[.ender othcrwise agaes in writing, which consent shall not be unreasonably withheld.or unless
<br /> extenuating citcumstances exist which are beyond Bonower's control. Borrower shall not dactroy, damage or impair the
<br /> Property, allow the Property to deteriorate,or commit weste on the Property. Borrower shall be in default if a��y forfeiture
<br /> action or procoeding, wh�ther civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security Instrument or I..ender's ucurity interest. Borrower may
<br /> cure such a dofault and reinstate, as provided in paragraph 13,by causing the action or proceeding to be dismissed with a nrling
<br /> that, in Lendcr's good faith determination, precludes forfeiture of ihe Borrower's interest in the Araperty or other material
<br /> impairment of the lien creatcd by this Security Instrument or Y.ender's security interest. Borrower shall also be in default if
<br /> Horrawer,during the loan application process, gave rnatetially iaise or inaccurate infonnatio�� vi atuic���ents t�i.:.r�cr(v:fai:tt!
<br /> to provide Lender with any materisl information)in connection with the loan evidencal by the Note,including, but not limital
<br /> to,representations concerning Bonower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the
<br /> ►easehold and the fa title shall not merge unl�ss Lender agrces to the merger in writing.
<br /> 7. Protectlon of Lender's Rights in t6e Property.If Borrower fails to�erform the co��enants and agreements contained in
<br /> this Security Instrumtnt, or there is a Iegal proceoding that may significantly affcct C.ender's rights in the Property (such as a
<br /> procceding in bankruptcy, probate, for conclemnatiun or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Ixnder's rights in the Property, L.ender's actions may
<br /> include paying ttny sums secured by a lien which has priority over this Securily Instrument, appearing in court, paying
<br /> reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph
<br /> 7, Lender does not have to do so.
<br /> Any amounts disbursod by l.ender under this paragraph 7 shall becorne additianal debt of Borrower secured by this
<br /> Security Instrmnent. Unless Borrower and l.ender agree to other tenns of payment, these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with iiiterest, upon noticc froin Lender to Borrower rcquesting
<br /> payment.
<br /> 8.MortgAge Insurance.If L,tnder required mortgage insurance as a condition of making the loan secured by this Security
<br /> Instru►nent, Borrower shall pay the premiwns required to maintain the mortgage insurancc in cffcct. If. for any reasun. the
<br /> mongage insurance coverage required by Lender lapses or c:eases ta be in effect, Borrower sh�ll pay the premiums required to
<br /> obtain coverage substantially equivalent to the mortgage insurance,previously in effect, at a cost substantially equivalent to the
<br /> cust to Borrower of the mortgage insurance previously in effect, from an alternete mongage insurer approved by Lender, If
<br /> substantially equivalent mortgage insurance coverage is not availsble,Borrower shall pay to Lender each month n sum eyual to
<br /> one-twelfth of the yearly mortgage insurancc premium being paid by Borrower wl�en the insurance coverage lapsed or ceased to
<br /> be in effect. Lender will accept, use and retain these payments as a loss resi:rve in lieu of mortgage insurance. Loss rrserve
<br /> Fam 3028 8190
<br /> Pafle 3 of 6
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