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<br />;r.,� .� including flo«ls or flooJing, for which Lender requires insuranco. 'Itis� ineur�ance,shAll be maintAined in tha amounts AnJ Y
<br /> `� for the �xncxls that I.ender rec�uires. 1'he insuranco cxnier providing�ho insurance shall ba chosen by Borrower subja:t to
<br />;`'' •"�.. � L�nder's 4� rovsl which shall not be unre�sonAbly withheld. !f Borcawar faile to maintain caverage described above,
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<br /> _-',.�,;?'�. LenJ�r may,at Lender's option, obtain coverwge to protact L.ender's ri�hts in the Property in accorduice with paraBrxPh
<br /> .. 7.
<br /> '=''i:1,':•�� All insuranca policies anJ renewQle shxll I�acceptabla to Lender und shnll includa n s!r.ndnrd mortgage clnur>e. .-
<br />-'^r�� I.ender shall hsve the nght to hold tha policies �nd renewale. If l.ender requirea, Borrowar shall promPtly give to I.cnder
<br />-_=— ull recc:.ipis of�aid prenuums and renewal noti�:es.In the event pF l�y o�owar shxU give prornpt notice to thn insurance
<br />"�� carrier and I.ender. I.ender muy meke proof of loss if not made ro l b Borcower.
<br /> Unless LenJer anJ Borcower otherwise agree in writing,insunnce proceacla shall ba applied to restoration or repair
<br /> - � of the Property damagecl, if tha restoration or repair is economicallrfeasible and Leader's sccurity is not lessened. If the
<br />- ,�:.N�� restoration or repair is not economicslly feasible or Lender's sec►an�y would be lessenecl, tha uuurance proceeds sha[1 be
<br />- � • applieci�o the sums securCd by this Securiry Instrument, whether ar not then due, with any excess�aid to Borrower. If
<br /> �'�����•;�;e� Borrower abandons the Propzrry, or does not unswer within 30 daya a notice from I.encler that the insurance carrier has
<br /> '��'``;„.:. offereci io settle a claim, th�n l.ender may collect the insurance proccecls.Lender may use the praeeds to rzpair or restore
<br />'�c'`�.'_ � the Prop�rty or to pay sums secured by this Security Instrument, whether or not then due.The 3�-day penod will begin
<br /> ';;'�;<'r�'� when tfienotice is given,
<br />" ��' •'��:� Unless Lender and Borrower othe�wise agree in writing,+ny�pp lication of proceeds to prinoipal shall not extend or
<br /> `='`;''3~� postponz tha due Jate of the monthly payments refened to in paragnphs 1 and 2 or change the amount of the payments.If
<br /> ���?���'::" under paragrnph 21 the Property is ucquired by Lender, Borrower's ught to any insuranc:e policies and praceeds resulting
<br />;;„�:��:"` from deu�age to the Propc:rty pnor to the acquieition shall pass tv I.en4er to tho axt�nt of the sums secured by thie Security
<br />�-,;.,;�t�, Instn►rnent immeciiatel rior to the ac uisdion.
<br /> �.:•_ u1K . 6, OccupnncyY Freservution,�MaintenAnce and Pcotectla► oF the Property; Borrower's Lonn Applicatlon;
<br />� � Leaselwltls, Borrower shaU occupy, establieh,end use the Propedy as Bonower's pnncip�l resideace wilhin sixty days
<br />`���%-`��•`. ' after theexecution of this Security Instrument and shall continua taoccu�y tha Property as Borruwer's priucipal residencs
<br />,,;�-t�-_ � � for at least ona year after the date of occupancy, unless Lender a�6erwise Agrees in wnting. wluch con�eat. sl�xll not be
<br /> ' � unreasonably withheld,or ualess extenuating circumatances exiat wfuch are Ueyond Borrower's control. Honnwer shull not
<br />_-.�--���� destroy,damage or impair the Propert�, allow the Property to deicriorate, or comrait waste on the Property. Bonower
<br /> shall be in Jefault if an� forftiture action or proceeding,whether civil or criminwl, is begun that in Lender's good faith
<br />�,;,Y:#�� ,judgment could result ►n forfeitura of the Property or othenvise matarially impnir tha lien crutecl by thie Security
<br /> � Tnstrument or Lender's security interest. Borrawer roa�cure such odefault xad rainstata, as provided in prragnph 18,by
<br /> --"_�`�'�Y,�� causing tha action or proceeding to be dismissed wtth a ruling tbat, in Lender's good faith deteraunxtion, procludrs
<br />=-�-;;,jQ' forfaituro of the Bon'ower's interest in the Propedy or other mAkrial imp airment of We tien creatad by this Security
<br /> �r.tn�ment or Lender's se.curity interest.norrower shall also be in default if Borrower,durin�t5o loan Applicatioa process,
<br />_--.y����,'*,�� guve �n�t�rinlly fnlse or imiccurate information or statemenis io iSII(�CI (o; faila3 ia �rac�dc I..:a�er ::�ith �n; sa!�rie!
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<br /> inforrmtion)in connection with the loan evidenceci by the Nola, includiag, but not liuuted to�representatione coneBrnmg
<br /> - porrower's occupancy of tl�a Property as a principal resideace.If this Security Instrunieat is on a le.asehold,Bonower stu►ll
<br /> - comply with all the provisions of the lease. If Borrower ucquires(ee title to the Property, the leasehotd uid the fee titla
<br /> _���� sh�ll nat rn�rge:unless Lendzr xgre�s to tha merger in writing.
<br /> _=�.,�i 1. Protection of Lender's Rights in lhe Property. If �orrower fails to perform the covenants Qnd agreements
<br /> �� — conts�inul in this Security Instrument, or thera is a legal proceeding that may si�nificantly affect Lender's rights in the
<br /> - Property (such as a proceeding in bankruptcy,probate, for condemnstion or forfaiture or to enforca lAws or tegulatione),
<br /> -== then Lender msry do und pny for whatever is necessary to protsxt the value of the Property�nd Lendar's rights in the
<br /> ------ Prop�ny. Le:nder's xctions mxy include paying any sums securod by a lien which has priority over this Security
<br /> �'"=„'"� Instrument,appearing in court, paying reASOmble attomays'fees�nd entering on tha Property to uwke repairs. A1W�ugh
<br /> "' - .l,ender may take action under this paragraph 7,Lender does not havo ta do so.
<br /> -- Any amounts disbursed by I.ender under t1LS paragraph 7 s6dl become additional debt of Borcower secured by this
<br /> -�--�-�----� Sr�urity Instruinent. Unless Borrower and Lender agree to other terms of payment, these amounts ahall bear interest from
<br /> -- ----=5 the datz of disbursement xt the Note rate and shsll be payable,with interest, upon notice from Lender ro Donower
<br /> "� '°� raquesting payment.
<br /> _ B. Martgage Insurance. If LenJer required mortgage insurnace as a condition of roaking �he loan secured by tlus
<br /> --- — Security Instrumeut, Borrower shall pay the premiums roquual to►naintaia the mortgage insuranca in effect. If, for any
<br /> � ' reuon, tha mortgsga insurnnce coverage reyuired by Lender l�pses or ceases to be in effxt, Borrower shall pay the
<br /> -:�,�„!�� pramiunis required to obtain coverage substant►ally equivulent to the mortgage insucance proviously in affxt. st a cost
<br /> =s:,q_:y� substantially equivalent to the cost to Bonower of the mortg�ge iasurxnce prevtously in effact,front an Alterntte mortgage
<br /> -- — insunr approved by Lender, If substantisllyequivalent mortgago insuruice coverage is not av�ilable, Borrower sball pay
<br /> to Leader each moti�th s sum equsl to one-twelfth of the yearly awdgage insuraaca pramium beiug pnid by Bonower when
<br /> �M -- — the insurs►nce coveragu Ispsad or ceased to be in effect.L.ender will accept,use and retain theae paymentn�s a loss reservo
<br /> �,���� in lieu of mortgage insurance. Loss reserve payments mxy no longer be roquired, at the option of Lender, if mortgnge
<br /> -r�.,�''�� insur�nce covernge(in the amount and for t6e period that Lender requires) provided by an insunr approved by I.cnder
<br /> --�^*+�.;,.�";' again becomes available and is obtainecl. 13orrower shall pay [}ie preuuums required to maintain mortgage insuranca in
<br /> T' ^�� uffect,or to provide n loss reserve, until the requirement for mortgage insurance ends in occordanca with any written
<br />:'•J��r�`�"� egr�ement h�tween Borro�ver aind Lender or applicable la�v. Form 3028 9l90 fpepa 3 of 6J
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