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<br /> 5. Hwutrd or Property Insurance. �orrowcr shall kecp thc improvcments nuw cxisting an c�rcaftcr crcctecl on the
<br /> Property insural uguiust loss by firc, h�a.urds includcd within thc tcnn "cxtcndcd c��vcragc" and any othcr hnu�rds, including
<br /> OoocJs or Flncxlinb, for vvhieh l.ender requires intiurance. This insurs�nee slixl l he muintained in thr, ama►uus imd f'or the pericxis
<br /> ihat I.ender requires.The insurt�nce currier rrovicling the insurance shiill he choun by Horr��wer tuhject te� l.ender'ti approvnl
<br /> which shall not bc unreasonubly withhcld, If Rorrowcr fi�ils to nr.�intain cc�vcragc desc:ritx�d .�bovc, Lcndcr may, at Lcndcr's
<br /> option,obtain covcragc to protcct l.endcr's rights in thc Propcny in accc�rdancc wilh parugruph 7.
<br /> All insurancc �licles und rencwids shull bc acccptublc to I.,c��dcr and shull includc u stundard ntorlg�igc clausc, L.cndcr
<br /> shall have�hc right to hold the policics ui�d renewals. If Lendcr requircti.Bormwer shall protnptly give to Lendcr zill reccipt.s uf
<br /> paid premiums und renewal nuticeti.]n tlie event uf loss,i3orrowcr shall givc proinpt notice w thc insur.incc carrier and Lcnder. -
<br /> l.ender muy make prcx�f of loss if not made prmnpQy by Bnrrower.
<br /> Unless Lendcr and Borrower otherwise agrcc in writing, insurunce proccccis shull be epplied to retitorution or repair of the
<br /> Property damnged, if the restaratian or reRair is ecouomically feasible and l.ender's security is not Iessened.If Ihe restoration or
<br /> repair is not economically feasiblc or l.endcr's security would bc Icssened, the insurance proceecls sl�all be upplied to the sums
<br /> sccured �y this Security Instrument, whcther or not thcn duc, with any cxcess paid to Borrower. If Borrowcr abundons the
<br /> Property, or dces not unswer within 30 days a notice from Lender that the insurance carrier has offered to scttle a claim, then
<br /> I.ender may collect the insurance proceeds. Lender muy use the proceeds to repuir or restore the Property o� to pay sums
<br /> secured by this Securiry Instrument,whether or not then due.The 30•dny period will begin when the notice is given. _
<br /> Unless I.cndcr and Borrower otherwisc agree in writing, any application of proceeds to principal shall not extend or -
<br /> postpone the due date of thc monthly payments rcferred to in paragraphs 1 und 2 or change thc amount of ihc payments. If
<br /> under paragraph 21 the Propeny is acquired by C.ender,Bon•ower's right to nny insurAnce polir.ics and proceeds resulting from
<br /> damage to the Property prior to the ncquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immediately prior to the ecquisition.
<br /> 6. Occupuncy,Preservation,Maintenance and Protectlon of the Property;Borrower's I.oan AppUcatlon;I.easeholds,
<br /> Dorrower shall occupy, estublish,and use the Property as Barrower's principal residence within sixty duys after the execution of
<br /> this Security Instrument and shall continue to occupy tlie Property as Borrower's principal residence for at least one year a8er
<br /> the date of occupancy, unless L.ender otherwise a�rees in writing, which consent shall not be unreasonably withheld, or untess
<br /> extenupting circumstances exist which are beyond Borrower's controi.Borrower shall not destroy, damage or impair the
<br /> Property, allow the Prope�ty to deteriorate, or cammit waste on the Property. Borrower shall bc in default if any fbrfeiture
<br /> action or proceeding,whether 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 Lender's security intcrest. Borrower may
<br /> cure such a default nnd reinstate, as provided in paragraph 18,by causing the action or proceeding to be dismissed witli a ruling
<br /> that, in L.ender's goad feith determination. prccludes forfeiture of the Borrower's interest in the Property or other materisl
<br /> impairment of�he lien created by this�ecuriry Yns�rumen[or Lendcr's scaurity III�CIC,�. BW IVWCI �iiaSl a�so be ir� ucfauli ii
<br /> Borrower,during the loan application process,gave materially false or i naccurate information or stntements to Lender(or failal
<br /> �o provide I.ender with any material information) in connection with the loan evidenced by thc Note, including,but not li►nited
<br /> to, representations conceming Borrower's occupancy of the Property as a principal residence.Yf this Security Instrument is on a
<br /> leasehold, Borrower shall comply with all the provisions of the Icase.If Borrower acquires fee title to the Property, the
<br /> lestsehold and Ihe fee title shall not merge unless Lender agrees to thc merger in writing.
<br /> 7.Yrotechon of Lender's Rights in the Property.If Borrower Fails to perform the covenants and agreements contained in
<br /> this Security Instrument,or there is a legal proceeding that may significantly affect Le;nder's rights in the Property (such as n
<br /> proceating in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pa�� for whatever is necessary to protect the value of the Propeny ond Lender's rights in the Property. Lender's actions may
<br /> include paying any surns secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> rcasonable attorneys'fees und entering on the Property to make repairs. Although Lender may take action under this paragraph
<br /> 7, L.ender dces not have to do so.
<br /> � Any amounts disbursed by Lender under tliis paragraph 7 shall bccome additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other terms af paymcnt, thcse amounts shalt bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Borrower requesting
<br /> paymcnt.
<br /> S. Mortgage Insuranee.If Lender required nwrtgage insurance as acondition of making tl�e loan secured by this Security
<br /> Instrumcnt, Borrower shall pay the premiums required to maintain the mongage insurance in effect. If, for any reason, the
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to
<br /> obtain coverage substantially equivalent to the mortgage insurancc previously in effect, nt a cost substantially equivalent to the
<br /> . cost to Borrower of the mongage insurance previously in cffcet, from a�i ulternate mortgage insurer approvcd by Lender. If
<br /> substantially equivalent mongage insurance coverage is not avuilable;Borrower shall pay to L.ender cach mon�h a sum equal to
<br /> ane-twelfth of the ycarly rnortgage insurance prernium being paid by Bonower when tlie insurance coverage lapsed or ceased to
<br /> be in effect. Lender wil l accept, use 3nd retain these p3yments as a loss reserve in lieu of mortguge insurance. Loss reserve
<br /> � Form 3028 9190
<br /> PaOe 9 of B
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