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<br /> 'S. FlAZwrd or Yroperty Incurancc. Aon�ower shall kecp thc iR�provements naw cxisting on c�rcaftcr r,rected on thc
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<br /> :;��..• �.�,� Propeny insuraf against loss by fire,hazsuds included within the term extended coverage" and any othcr hazards, including
<br />--.�;,s,:._,�..,� i •floods or flaoding,for which L.ender requirts insurance. This insurance shall be maintained iu the amounts and for thc perials
<br /> �,��,,,. � • that Lender requires. The insurance carrier pr�sviding the Insuranec sha11 be chosen by Borruwer subject to I.ender's app�ov;cl
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<br /> which shell not be unreasonably withheld. If Borrawcr fails to maintain coverage descrilxd abovc, L.cnder niay, n[ l.cndcr's
<br /> � . opdon, obtain coverage to protecl I..ender's rights in the Propeny in accordance with paragraph 7.
<br /> -� • • All insurance pullcies and «newals shall be acceptable to L,ender and shall Includc a stwidnrd mortgage clause, l,ender
<br />;�;����..'.., sh�l have the right to hold the policies and renewals. If l.ender reyulres, Bormwr,r shall pramptly give to L.ender ali reccipu of
<br /> , ' paid premiums and renewul notias. In the event of loss, Barr�wer shall give prompt notice to thC insurance carrier and l.ender.
<br /> -�+� Lender r►uy make praof of loss if not madc promptly by Barrower. ' �
<br />-- Unless L.ender and Bonower otherwise agret in writing. In�urance proceeds shall be applied to restoratian or rcpair of thc
<br />'� Pmnerty damaged,if the restoration or repair is ec�nomically feasible and Lender's securiry is not Icssened. !f the restoration or
<br /> — .�� � repair is not economically feasible or L.ender's security would be lessened, the insurance proceeds shall be applied to the sums
<br />__: ��:;�>`'�'`' s�cured by thls Sccurity Instrument, whethor or not then due, with any exctss paid to tiorrower. If Barr�wer abandons ihe
<br /> "���;='^'°:�= Property,or does not answer withln 30 days a nodce from i.ender that the insurance carrier has offered ro settic a claim, ihcn
<br /> =^��I,�,�: L.ender may collect the insurance ptoceeds, I.ender may use the proceeds to repair or resrore the Propeny ar to pay sums
<br /> y��� secured by this Security lnstrument, whether or not then due. The 30•day periai will begin when tho notice is given.
<br />�m+�i;�?� Unless Lender an�1 Borrower atherwise agree in writing, any appNcation of proceeds to principal shall not extend or
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<br /> '°��:.�'�*�� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change tt,c amount af the payments, [f
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<br /> -p�-=a��• under ara r h 21 the Pro n is a uired b L.ender, Borcower's ri ht to an �nsurance lic�es and roceeds resultin from
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<br /> °W:==z�� damage to the Property prior to thc acquisttion shall pass to[.endcr ro the extent of the sums secured by this Security Instrument
<br /> -'r""'�°f°""� irnmediately prlor to the acquisition.
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<br /> =� `�;x';,�(• 6. Occup�ncy,Pre�ervaHon,Mwintenaace and Protection of the Prope�ty;Borrower's LoAn Applicallon;L�.�olds.
<br />—��7'.�: " Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> }'�"' ' chis Securit Instrument and shall continue to occu the Pro rt as Borrower's rinci al residence for at least one ear after
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<br /> � the date of occupancy,unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unloss
<br />-"°'�:+�i� oxtrnuatlng citcumstances exist which are bey�nd Borrower's control. Iiorrower shall not destroy, damage or impair tha
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<br /> = = Property,allow the Property to deteriorate, or commit wute on the Property. Borrower shall be in default if any farfeiture
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<br /> r � action ot roceedin , whether civil or cri�ninal, is be un that in Lender's ood faith 'ud ment could result in forfeiture of the
<br />_•'"�';'.`� Pro�rty or oth�rwise materially impair the lien created by this Securiry Instrument or L,ender's security interest. Borrower may
<br /> sg`� cure such a default and reinstate as rovided in ara ra h 18. b causin the action or roceedin to be dismisseci with a rulin
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<br />-_-:�.:��� that, in Lender's good faith dettrminatlon, prceludes forfeiture of the Boaower's intcrest in the Propeny or nther material
<br /> �-:,�;;;;.:�,� impurmenc af the lien created by this Security Instrument or Lender's secur{ty interest. Bonower shall alsa be in default if
<br /> � -,,;�� Borrower,during the loan application process, gave materially false or ineccunte information or statements to[.ender(or failed
<br /> -°94---- to provide Lender with any material information) in connection with ths loan evidenced by the Note,including,but not Iimital
<br /> - to,reprexntations concexning Borcowcr's occupancy of the Property as a principal residence. If this Secudty Instrument is on a
<br /> °°°°-� leasehold, Borrower shall comply with all the provisions of the lease. If Bonowor acquires fee title to the Propeny, the
<br />����� leasehold and the fee tide shall not merge unless Lender agrees to thc merger in writing.
<br /> __s�,�� 7. Protection o[Lender's Rlghts tn tne Prope�ty. If Borrower fails to perform the covenants and agrcements contained in
<br /> _;��;�9� this Secutity Instrumeut, or then is a legal proceeding that may significantty affect L.ender's rights in thc Prop�rty (such u a
<br />�_���ry�� procecding in bankniptcy, probate, for condemnation or forfeiture or tn enforce laws or regulations), then L.er.,�er may do and
<br /> _ _,._ pay for whatever is nxessary to protxt the value of the Propcny and Lender's rights in the Propeny. Lender's actions may
<br /> �_� include paying any sums secured by a lien which has priority over this Security lnstrument, appearing in wurt, paying
<br /> _ __= reasonable attomeys' fas and entering on the Pro}xrty to make repairs. Although L.eader may take action under thia pazagr�ph
<br /> 7,Lender das not have to do so.
<br /> _v-�� 4ny amounts disbursed by L.ender under this paragraph 7 shall become additional debt of Borrower securod by �hi�
<br /> ���� Security[nstniment. Unless Borrower and Lender agra to other terms of payment, these amounts shall bear interest from th�
<br />-� `�� date of disburscment at the Nute rate and shall be payablc, with interest, u}x>n notice from I,ender to Borrower nqucstlng
<br /> �;�r��� paymrnt,
<br />_:�„��i� S.Mortgage Insumnce. If Lender requtred mortgagc insurana as a condition of making the loan secured by this Security
<br /> _-^°"`"="WY+� Inst�ument, Borrower shall pay ihe premiums required to maintnin�he mortgage insurancc in effect. If, f�r any reason,the
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<br /> moctgage insurance coverage requfred by Lender lapses or ceases co be in effect, Borrower shall pay the premiutns required to
<br /> ="°'""R'.� obtain covorage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the
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<br /> y,��^:.-,;;f cost to Borrower of thc mortgage insurance previously in effect, fiom an alternate mortgage insurer approved by L,ender. If
<br /> �.`,"'�';f"; substantially equivalent mortgage insurance coverage is n�t available,Borrower shall pay ro L.�nder oach month a sum eyual to
<br />��',' '�'•��• onatwelfth of the yeazly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> � '�' r' be in effect. Lender will acce t, use and retain these a ments as a loss reserve in licu of mdrt a e insurance. Loss reserve
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<br /> ` . ' ;} " Form SQ28 9190
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