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<br /> _ . 98- ���i�s
<br /> 5. I�Iwurrd or Property Insurance. Barrowcr shall keep the lmprovcments now existing o� hereafter erecteA on the
<br /> Property imured agalnst loss by fire,hazards Included within the term "extended coverage" and any other hazards. Including
<br /> flood�or tlooding. for which Lender requlres inaurance.Thls insurance shal!be maintained in the amount�and for th�periade
<br /> chat Lender require�,'Che insurance curier provtding the in�urance shall be�chosen by Borrowcr subJcct to L.cndcr'a approvs►I
<br /> wh(ch ehail not be unrcasonably wlthheld, If Borrower fails ta �naintain coverage described above, Lcndcr may, at Lendar's
<br /> optlon,obteln coverAge to protect Lender's rtghts in the Property in accordance with paragraph 7.
<br /> All iacuru�ee policies and renewals ehall b� uceepteble to Lender and sl�all include a standard mortgase dnusa Lender �
<br /> shall have the rlght to hold the policlea�nd rcnewals.If Lcnder requlre�,Borrower ahall promptly give to i.endcr all receip�of
<br /> pald premium�und renewal notices. In the event of loss,Borrower shall give prompt nottce to the insurance carrter and i.endor,
<br /> ]xnder may malce proof of lus�if not macle pramptly by Borrower.
<br /> Unles�Lender and Borrower otherwise agree in writing,inaurance proceeds shall bo appltcd to restoratian or repair of the
<br /> Property d�magal. if the nstoration or repalr i�economically fe�sible and Lend�r's security is not lessened.If the restoratlan or
<br /> rcpalr is not economlcally feasible or Lender's security would be lesscned,the insurance procads sha�l be appNal to the�ucav
<br /> secured by this Securlty Instrument,whether ur not then due, with any excess paid to Bonower. lf Bonower abatidons the
<br /> Property,or does not answer within 30 days a notice from Lender that the fnsurance carrier has offeral to settle a cleim,then
<br /> Lender cnay collcet the insurance proceede. Lender may use [he procads to repair or restore [he Property or to pay curns
<br /> sxund by lhis Security Instrument.whcther or nat then due.The 30•day period will begin when thc notice is given.
<br /> Unlws Lender and Borrower othenvise agree in writing, any application of procecds to princlpal shall not eztend or
<br /> postponc the due date of the monthly payments tcfernd to in paragraphs 1 and 2 or change the amount of the paymente.If under
<br /> paragraph 21 the Propeity is acquired by Lender, Bonower's right to any insurancc policies a�id proceeds resulting trom
<br /> damagc to the Property prior to the acquisltion shall pass to Lender to the extent of the sums socured by thie Secudty Instrument
<br /> immediately prior to the acqulsition.
<br /> 6,pceupapcy,preservatlon. Matntenance and ProtecHon ot the Propc�ty;Borrower's Loan AppUcxtion;La�selalde.
<br /> Borrow�r shal:occupy,establish, and use the Prope�ty as Borrower's principal residence within atxty days�fter the exxutlon of
<br /> this Security Instrument and shall continue to a:cupy the Property as Borrower's principal residence for at least one yaar aftsr
<br /> the date ot occupancy.unless Lender otheiwise agras in writing,which consent shall not be unreasonably withheld,or unlese
<br /> eatenuating clrcumstances exiat which are beyond Borrower's wntral. Borrower shall not dest�oy, damage or impair the
<br /> properry,�llow the Property to deteriorate, or commit waste on the Property. Bonower shaU be in default if nny fo:ieiturc
<br /> action or proceeding, whether civil or criminal, i5 begun that xn I.ender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise materIally impair the lYen creatcd by this Security[nstcument or Lender's security interest.Bonower may
<br /> cure sucha default and ninstate, as proviaai in paragraph Io,oy cau�l«g ihe�.tian ar g.;,;.�dir.;s��e dismisstd With n Nl�na
<br /> that, in Lendcr's good feith dctermination. precludes forfeiture of the Bonower's interest !n the Property or other rnueriel
<br /> impairment of the Ilen created by this Security Instrumant or i.ender's security interest. Borrower shall also be in def�ult if
<br /> Bc�rrower,during the loan application proceas,gave materially false or inaccurate informatiom or statements to Lender(or fai�ed
<br /> to pmvido Lender with any material information)in wnnection with the loan evidenced by the Notc,including,but not limited
<br /> to, npr�xntatlons conceming Rorrower's occupancy of the Property as a principal residence. If this Sxuriry Instrument 1�on s
<br /> leaaehold,Borrower shall comply with dl the provision� of the lease. If Borrower acquires fee titic to the Property, the
<br /> leasehold uid the fa title ahall not merge unless Ltnder agras to the merger In writing.
<br /> q, protection ot Leuder'i Ri�hts ia the Property�If Bonower falls to perform the covenants and agreemcnts contalned in
<br /> this Security Instrument, or there is a legal proeeeding that may significantly affect Lender'a rights in the Propect,y(such as�
<br /> proceecling in bankniptcy, probate, for condemnatlon or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> pay for wbatever ls necessary to protect the value of the Property and Lender's rights in the Property. Lender's actiom mq
<br /> include p►ying any sums secured by 1 lien which hes priority over this Sr.curity Instrument, appearing ln court. p�ying
<br /> nasonable attomeys' fecs and entering on thc Property to makc repairs.Although Lender may take action under thi�pangraph
<br /> 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become addltional debt of Bonawer secuted by thl�
<br /> S�curtty Instcument. Unless Borrower and I.ender agra to ather teiYns of payment, these amounts shal! bear lnterest from the
<br /> - date of disburoement at the Note rate and shall be payable, with interest, upon notice from Lr.nder to Borrower reyuesting
<br /> payment,
<br /> 8_ MortQpge IreurAace.If Lender requir�d mortgage insurance as a condition of making the loan securod by thts Sxurlty
<br /> Instcument, liorrower shall pay the pnmtums required to maintain the mortgage insurance in effect. If, for any reasan, the
<br /> mortgage insurance coverage requiced by Lendcr lapses or ceases�to be in effect, Borrower shall pay the premiums requirui to
<br /> obtvn coverage substantialty equivalent to the mortgage insurana previously in effxt, at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer approved by Lend�r. If
<br /> substantl�lly equivalent mortgage insurance coverage is nut available,Borrower shall pay to Lender each month a sum equal ta
<br /> ' one-twelfth of the yearly mortgage insurance premium bcing paid by Bonower when the insurance coveraAe lapsed or cwcd to
<br /> be in effat. Lender will accept, use and ntain these payments 3s a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> : Form 30Z 9190
<br /> 7 �j�-6RINE)i92�:i.oi r.a.�oi e ianw';r1 �
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