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<br /> �. �az�rd or Frapert;�• dsunranee.�Borrow°r shall keep the improvements now esisting or hereafter erected on the
<br /> Prapert�� insured againsi ioss by fire, hazards included within the te�n "extended coverage" and any other hazards, including
<br /> f'.00;is c�r flc�t��i�r��. for w�hich L.ender requires insuranee. This insuranee shall he maintained in the amounts and for the periods
<br /> th�t f.e;u,,:r r�yc�;�,. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approva� �
<br /> �vhich shali not bc unrea.sonabl}• withheld. If &�rrow•er faa(s ro maintain coverage describecl abc�ve, Lender may, at Lerder's
<br /> option, obcain covera�e to�rotect Lende�'s rights in the Property in accordan�e with paraeraprt 7.
<br /> All insur•r.nce �licies and renewals shall be acceptable ro Lender and shall include a stand�rd mertgage clause. Lender
<br /> shail have fhe ri�`:�t tc�hofd th�pc�licies and renea�als. If Lendzr requires, Eorrower srtal[prompdy give to Lender all receipts of
<br /> paid prern�ums and re�ewal notices. In t;�e event of loss, Borrower shall give pmmpt notice to the insurance carrier and Lender.
<br /> L.ender may make pmof of loss ii not made prompdy by Borrower. �'
<br /> Unless Lender and �orrower ocnenvise agrce i� writing, insurance proceeds shall be applied to resroration�r rcpair of the
<br /> Property damared, if the restaratian or repair is ecanomically fea.eibie and Lender's security is not lessenerl. If the restoration or
<br /> repair is rot ecanomically feas�b;e or Lender's security woald'oe (essened, :he insuran�e proceeds shal! be applied to the s'�ms
<br /> se�ured b}� this Security In.Stniment, whether or not then due, with any exces_s paid to Bormwer. If Borrower abandons the
<br /> Proper.p, or does not answer within 30 days a notir_e fr�m L.ender that the insurance carr9er has offered to settle a claim, then
<br /> L.�nder may coECect the insuran.^e proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> �ecured by this Security Instrument, whether�r not then due. The�0-day period wiil be.gin when the notice is given.
<br /> Li��less I.ende; and Borrower othetwise agree in writing, any application of ptoceeds to principal shall not extend or
<br /> po,tpone the due date of the mo�?th�y payments referred to in paragra�hs I and 2 or change ?he amount of the payments. If
<br /> under paragr;,ph 21 the Prope?ty is acqui��d by Lender, &>rrower's right to any insurance policies and proceeds resalting from
<br /> damage to thc Property prior to the acquis:tion shall pass to Lender to the extent of the sums secure�by this Security Instrument
<br /> intrrediately prior to the acquisition.
<br /> 6. Occopanco�, Prcaenation, Maintenanee and Protection of fhe Pr�perty; �ic�rrower's Loan Application; Leasehoids.
<br /> Borro��•er shal; oc:cu�y, establ;sh, and usc thr_;';oper;y as Iicrrov.�er's principal residence wiihin sixty days after the e�ecution of
<br /> chis Security instrusr.ent and shal( continue to occugy th� Property as Borrower's principaf residence for at least one year after
<br /> ti�e da:c of oa�upanc}�, unless Lender oihenF�ise agrees in writing, which consent shall not be unreasonably withheld, or un!ess
<br /> extenuatin� circ�crrstanc�s exist which are ��eyond Borro�•er's conirol. Borrower shall noi destmy, damage or impair the
<br /> Property, atlo�v the Property to deteriorate, or commit wasie en tt+c Property. Borrower shall lie in default if anv farfciture
<br /> action or proceedino, w�heth�r civil or criminal, is begun that in Lender's gond faith judgcnent cnuld result in forfeiture of the
<br /> Propen�� or oth^.nvise materially impai*the lien rreatetl by this Sr_curity Instrument or L.ender's security interest. Borrower may
<br /> cure such a defa:ilt and reinstate, as provided in paragraph 18, by causing the action or prcxeeding ro be dismissec! with a ruling
<br /> that. in Ler�der's good faith determi�ation, precludes forfeiture of the Borrower's interest in the Yraperty or other material
<br /> impairment of the lien created by this Security Instrume�t or �nder's security interest. Rorrower sha{{ also be in default if
<br /> Borrower, during the loan application prc�cess, gave sraterially:alse or inaccurate infarmation or s[at�ments to Lender(or failed
<br /> to provide Le,tder w�ith any material :nfermacion) in connection with the loa�evidenced by Ehe Note, includirtg, but not limited
<br /> to, representations concerr.in�Bonrower's occupancy of the Pc^�erty as a principal residence. If this Security Instrument is on a
<br /> leasehold, Borower shall con;ply svith all the provisions of thc lease. If Borower acquires fee title to the Property, the
<br /> leasehoid an�l the fee titte shall not merge unicss Lender agrees to the merger in k�riting.
<br /> 7. F'rotection of 1Lender's Rights in the Property. If Eorrower fails to perform the covenants and agreements contai��ecl in
<br /> this Securi[y 3nst�;n��nt, o� there is a legal picceeding that may significandy affec� Lender's rights in the Property (such as a
<br /> proceecl:ne in bankru�tcy, probate, fur con�errmation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Froperty and Lender's rights in tne Property. LendPr's actions may
<br /> indudr payinR a.�y sun?s sccured by a lien which has priority over this Security Instn;ment, appearing �n court, paying
<br /> reasonable attorncys' fees and enterirg on the PropeRy to make �epairs. Although Lenaer may take action �nder this paragraph
<br /> 7, Lender dnes nat ha��e io do so.
<br /> Ar • amc.�nu disbursed by Lender �nder this �
<br /> } paragraph 7 shalt become addifiona! debt of Bezrrower secured by this
<br /> Security lnstn�m�.nt_ Unless $orrower and Lender agree to ather Eerms of payment, these amou�.ts shal! bear int.rest fn,n the
<br /> date nf d:sbunemert at the Note rate and shal{ be payabie, with inierest, upon notice from Le�der to Borrolver requesting
<br /> paymcnt.
<br /> R. SYorthage Insdirance. If Lender reqciired mortgage insuranc�as a condition of maki,ng the ioln secured by this Securiiv
<br /> Instrument. Jorrower sl�al! pay the pmntiums required ro nzaintain the mortgage insurance in effect. If, for any reason, the
<br /> � mongage Il1SU*3f]CC COVerage reqvired by L,ender iapses or ceases i� be in effect, i3orrawer sha!! pay the prem�ums required to
<br /> nhtain co�erage substantially equivalent ro th=� moitgage insurance previn�sly 'sn eff�ct, at a cost suhstantial;y equivalent to the
<br /> � cost ro Eorro��•er of the mo�gage insurance prev�ously in eCfect, from an al,,;rnate mortgage insurer app:oved by l.ender. If
<br /> i suhstantiallv eeuiva{ent mo�-t�a�e ?nc>>;a_nce c��venee ie n�t av�tilahie; Rnrrower shalf na� to Ler,der eac� month a sum equal to
<br /> one-E�velfth of the yearly mortga�e insurance premium being paid by Borrower�vhen the insurance covera�;e lapsed or ceased to
<br /> Lie in effect. Lender wilf accept, use:u�d re[:tir.these paymenGs as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9130
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