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<br /> 5. Har.�rd ar F�perty Insuratfce. Rorrower shali keep the improvtments now cxisting or hereafter erected on the
<br /> Property insured against loss by fire, haza.*ds included within the term "ezttnded covrrage' and any ozher hazards, including :
<br /> fl�ads or ftooding, for which Lender requires insurance. T'his insurance shalI be ma�intained in the amounts and for the periods
<br /> that L.ender requires. The insurance carrier providing the insurance shal!be chosen by Borrower subject to I.endes's approval
<br /> which shall not be unreasonauly withheld. If Borrower fails to maiatain a�verage descxibed abave, Leader may, ae Lender's � �
<br /> Gption,ohtain cor•enge to protect Lender's rights in the Property in a�cordance witb.paragraph 7. �
<br /> All insurance golicies and renewa�s shall be acceptable to Lendes and sl�ail inclu�e a standard mortgage clause. L.ender r
<br /> shall have the right to hold r.he polisics and renewals. Yf l.ender requires,Borrower shail promptly give to�.ender all receipts of �
<br /> yaid premiums and renewal notices. In the event of Ioss,Borrower shaU give prompt notice to tho insurance carricr and Londet. .�
<br /> Leadcc may make proof of loss i£aot made promp@y by Borrower. ` � Q
<br /> Unless Lenaier and Borrower otherwise agree in writing, insurance procetds shall be applied to resiaration or repair of tlte �;J(
<br /> Propertv eiamageei, it fhe restoration or tepair is economically feasil�ie and Len�ier's security is not lessened. If the restoration or (�
<br /> repair is not er,onom'scalfy feasibie or L.ender's s�urity would be lessened, the insuran�e pmceeds sha11 be applied to the sums R�
<br /> se�ured by this Securi!y I�sirument, whethpr or nat thrn due, with any eacess paid to Bormwtr. If Borrower abandons the
<br /> Propertty, or dces not snswer within 30 days a notice from I.eader that the inc�tw.+�,ce carrier has offered to settle a claim, then
<br /> Lender cnay collect ehz i�surance pro�eeds. Lender �.y use the proc�s to �epair or restore t�� Property or to pay sums ' :
<br /> secured by this Sxvriry Instrument,wheth�er or not then dve.The 30-day perio�J will begin whez�the nutice is given. � :
<br /> linless Lender ar.d Borrowor otherayisc agr�e in wrftiag, any aFplication of pracads to principal shal! not eztend or
<br /> postpone the duc cSate of the moat}ily payments refeared to in paragraphs 1 and 2 or ehange►he amount of tht payments. If under
<br /> paragraph 2I the Property is acqai:�cd bJ �..,.°ader, Borrower's right to any insurance poticies and proceeds resulting from
<br /> damage to the Property prior to the acc;uisition snaii pass to L.ender to the e�tent of tbe sums secured by this Security Ir.strument
<br /> imm�iiately prior ta the acquisition. :
<br /> 6. Occupancy, Preservation,Malntenance ana�"rotectian of the Property; Borrower's Loan Appllcatioe; I,easeho[ds.
<br /> Borrower shall occupy, estabiish, and use the Property as Borrower's principal residence within sizty days after the ezecution oi
<br /> this Security Instrument and shall continue to occupy:he Property as Borrower`s principal residence for at least one year after
<br /> the date �f occupaacy,�uiless Lender othezwise agnees in writing, which consent�shalt not be unreasonably withheld, or unles�
<br /> e�tcnuating �ircumstance.c ezist which are beyond Borrower's coutrol. Borrowor shalI not destroy, damage or impair the
<br /> Propezty, allow t��e Property to deteriorate, or coain�it waste on the Property. Borrower shall be in default if any forfeiture
<br /> action nr procee�ling, whether civii a:criminal, is begun that in L.ender's good faith judgment could result in forfeitura of the
<br /> �ro�rt�o;ott�erwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrower mav
<br /> cure such a defaul�aed reinstate, as provided in paragraph 18, by causing the action or pmceeding to be dismissefl with a ruling :
<br /> that, in Lender's €ood faith u'etermination, precludes forfeiture o�` n�e Borrower's inie:+:st in the Progerty or other material
<br /> impa�rc�ent of the lien created by this Security Iastrument or Lender's secvrity interest. Borrower shali also be in default if
<br /> Borrower, during the loan application Process, gave materially false or inaccurate information or statements to Ixnder(or failed
<br /> to provide I.ender with any mataria; infortnation)in cannection witb the loan evidenced by the Note, including, but not limited
<br /> to, nepresentations concerning Borrower's.occupancy of the Pmpert-�as a principal residence. If this Security I�istrument is on a
<br /> leasehold, Borrower shall comply with ail the Yr�visions of the lease. If Borrower acquirr.s fee title to the Property, the
<br /> leasehold and the fee title shaIl not merge unless Lender agrees to the merger in writing.
<br /> ; 7.Proteci3on of I,ender's Rtghts in the Property.If Borrower fails to perform the covea.ants aRd agreements contained in
<br /> � this Security lnstrument, or there is a legal proceeding that may significantiy affect Lender's rights in the Property (such as a
<br /> proceeding in bankruptcy, probate, for condemnation or forfeiture or ta enforec laws or regulations), then Lender may do and
<br /> '� pa}� for whatever is necessary to proteci the value of the Property and I.ender's rights in the Pro�erty. I.e�der's actions may
<br /> include paying any sums secused by a lien which has priority over this Security Instrument, appearing`in court, payl�g,
<br /> � reasonable attomeys' fees and entering on the Property to make repairs. Although I.ander may take action under this paragraph
<br /> �� 7,Lender does not have to do so. \ �
<br /> Any amounts disbursed by Lender undet chis paragraph 7 shall become additional debt of Bonower secured by th[s
<br /> Security Instrument. Unless Borrower and Lender agree to other terms oF payment, these amounts shall bear interest fram the
<br /> date of disbursement at tlie Note rate and shall be payable, with interest, upon notice from Lender ro �orrower reque,eting
<br /> payment.
<br /> � 8. Ivlortgage Insurence. If Len�er required mortgage insurance as a condition of making the loan secur.ed by this Security
<br /> Instrument, Borrower shatl gay the premiums re�nired to maintain the mortgage insurance in effect. If, for any reason, the '
<br /> r.iortgage insurance ccv�-age required by Lender lapses orceascs to be in effect, BorrQwer shall pay the premiums required to
<br /> obtun coverage substantially equivalent to the mortgage insurance previously in effect, at a cost su�stantially equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in ef;ect, from ui aitemate mortgage insurer approved by Lender. ?f
<br /> ` substa�itially equivalent martgage insurance coverage is not available, Borrower shall pay ro Lender eac;e nt�nth a sum equal to
<br /> �:; one-twelfth of Ghe year?y mortgage insurance premium being paid by Borrower when the insurance coverage lapsed nr ceased to '
<br /> l` be in effect. Lender wil!accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss rrserve
<br /> Form 3028 ! 0
<br /> ��6RtNE)ts2t21.ot p.�.a or y
<br /> INHaIs�� � '
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