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<br /> . S. Hasud or Propaty insur�ace. Borrower ehell kap the improvements now eaisNng ar hereafter erectod on tlte
<br />•�`-�° propert}r i�uuc�d��inst loas by fi�re,haruda included within the term 'eztend�d coverage' stnd any other h�zards, including
<br /> ��— floods or flooding, for which Laider requirea ineurance.Thla lneurance thall be mnintdnod in►he amounu and for the pedodi
<br /> � thet�.ender cequtrea. The insuru�ce carrier providing the Insur�nce sha1�be chosen by Borrower eubjr.ct to I..en�er'a approval
<br /> which ehall not be unrassonably withheld. If Borrower fdls to maintuia cover+�ge dacribod above, 1,en�er may, at Lender's
<br /> — option,oM�in cover�ge to pmtat Lender'e righta in the Property in accordu�ce w�th Puagr�ph 7,
<br /> �=���� � All insurance policies and renewale shnU be acaptable to Leader�nd ehall include�stendud mortgage clause. Lender
<br /> �' ah�ll have the dght to hold the policia and renewals.If Lender requires,Bonower shall promptly give to L.ender all receipts of �_
<br /> - p�ld premiutns and muwd�o►1ces.ln the event of loss,Borcower atWl give prompt notia ro the insurance carcler and Lender.
<br /> ��� I.encier tnay maice proof of los�if not made promptly by Borrower.
<br /> Unl�u Lepder and Borrower otherwise ag�ee in�vriting. imuru►ce proc,eeds st►el�be apPl9at to reatoration or rep�lr of the
<br /> __ Property dam�ged, if the restorulon or rc��ir ie econornicallY feasible and Lender's securiry Is not lasened. Yf the cestoratioa or
<br /> ° — - npair is not economicAlly fea�lble or Lender's securicy would be lessened. the Insurance procads shall be appliod to the aam+
<br />'- — sxuced by thia Security Instru►n�nt,whtther or not then due, with any eacr.ss paid to Aorrower. If Borrower abandotu �he
<br /> pmperty,or doea not anawer wlthin 30 drye a natice from I..ender that►he lnsuraaco carrier ha+ufferod to settle a clum,then
<br />�' Lauler may collxt the insui�aace proceeds• I.ender m�Y use the procads to cepair or �eston the Property or to pay auma
<br /> aecurod by thi�5ecuriry Iastruincnt,whether or not then due.The 30-clay period will begin when the notice ia given.
<br /> Unless Lender snd BorrowGr othenvise agra in writing, any applicatlon of procada to princip�l ahall not extend or
<br /> po�cpone the due date of the monthly payments referred to in parAgraphs 1 and 2 or chenge the amount af the paymtnte. If
<br /> __ ___, under pa»graph 21 the Pcoperty is xquired by Lender, Rorrower's right to any inaurana polici�s and procads resulting from —
<br /> °'� damage to the Property pri4r to the acquisition shali pass to L.ender to the extcnt of the aum�secucaf by this Security Instrument
<br /> immediately prior to the acquiaition,
<br />�— 6.Occupancy,l�'e�ervatlon, Maintens�nce Aad Protect�on ot the Property;Bomo�er's i,o�n APlaicatlon;I.eaaebaldr.
<br /> Borrower ahall oceupy,establish. and us�th�Pr°P�ttY�BOnOwer's principal residence within siary daya after the exxution of
<br /> this Security Instrumeut and ahall continue to occupy the Propaty�s BorroW�r'a principal residence for at leaat ono yeu�ftec
<br /> the date of occupancy,nnless 1.eader othenvise agrees in writing. which consent shall not be unre�aanably withheld,or wileaa
<br /> eztenuating circuautances exlat which ace beyand Bonower's wnuol, ��w��wer ah�la be in�defa�if�ny forfe ture
<br /> property, allow the Property to deteriornte, or commit waste on t6e Properiy•
<br /> nction or proceed[ng, whethex civil or cdminal.is begun that in I.�nder's good f�ith judgment could result in forfdtun of the
<br /> � propecty or othecwlse tnaterially impur the lien created by this Secudty Instn►menc or Lender'e saurity Intereat.Borrower mty
<br /> cure euch a default and relnsqte. aa Providod in paragraph 18,by causia8 the action or procuding to be diamissed with a ruling
<br /> that, In I.eader's good tuti� determinaiion, pia.Iud�s farfcitsrc af��:e nnm^wer'e inunsc in the Property or other rruted�l
<br /> irap�irment of the lien cr�ated by this Security Instrument or Ltnder'a security inu�est.Borrower eh�ll also be in defiult if
<br /> — Borrower,during the loAn appllcadoa procesa,Bave matedally false or inaccurate informuion or staternnts to L�eud�r(or failed
<br /> to pmvide Lender with any m�teri�l inforn�ation)in connection with tlu loan evideuced.by the Note. including,but not limtted
<br /> to, t�epraent�tioc�conceming B°n°wer's occupancy of the Property a+t princip�l cesidecce.If thie Socurity Insuument is on a
<br /> leasehold, Bocrowcr sh�ll comply with all �he proviaioas of the lease. If Borrower acquires foc title to the Property, the .
<br /> leaaehold and the fee title ahall not mergo unless I.en�ler agcea to the mergcr in wddng.
<br /> 7,protection af Laoda'e Rlghts in t6e Property.If Horrower f�ls to perfomi the covenanu and egrannentn wntaineCl ia
<br /> tt►ia Soc�rity Instrumeat, or there Is a legal procading that msy aignificandy affcct L,ender's righta in the Property(euch as i
<br /> ��d1ng in bankniptcy�probate,for condemnxtion or forfeiture or ro enforce l�ws or regulations),then 1,ende�c nuY do�ad
<br /> pay for whatever is noassary to protcet the value of the Proporty and I.�nder�� nBhts in th°�°p�rty. upder's actiona msry
<br /> include payimg anY suma ax��1 by a lien which has priority ovet this Securicy Instrument, appeu'ing in court, paying
<br /> r�easonable atromeys' fees and entering on the Propecry to m�ice npuin,Although Leader may talce action under thia puagr�ph
<br /> 7,Lender doea not have to do so.
<br /> A,uy amounts disburscd by I.ender under this paragraph 7 shall beaime additioaal debt of Borrower securod by this
<br /> dat of disbucsement atlthc otte Wate and hall be payable,�with in er�stp upon norica from�Lender�t Bormweranquestiag
<br /> -- payment.
<br /> S.Martpge Insurwnca If Lender requiral mortgago insurance a�a conditlon of making the losn secured by this Security
<br /> Instrument. Borcower ahall pay the pnmiwns re9uirai to�maintain the mortgage insurance in effect. If, for any rea�on, the
<br /> mortgage insurance coverage requical by Lender lapses or ceas��to be in effect, Borrower�hall pay the pranriuma required to
<br /> y — obtain coverage substantially equivalent to the mortgage insurance pnviously in effxt,u a cost subatantlally equiv�lent to the
<br /> --—_-- cost to Borrower of th� mortgage insurana previously in effect, from an altem�te mortgage iasunr appxoved by Lender. If
<br />-= substanti�lly equivalent mortgage insurance coverage is not available,
<br /> Borrower shall pay to Lendor each month a sum equal to
<br />,•�--:�"�� ono-twelfth of the yeazly mortgage insurance premium being paid by Borrower when the insurance coveraga lapsal or ccASed to
<br />`� be In effxt.I.ender will accept. uu and retain these payments as a loss reserve in lieu of mortgage insurance• Los� reserve
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