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<br /> � S. 1Haznrd or Praprrty Insurnnce. Bnrrower shull kecp tt�e impmvemc�itti nuw cxinting ��r hercuPtcr erected un the �
<br /> " ° Propeny insurcd uguinct los�;b�� fire, huxard� includcd within ti�e term "extended cuven►gc" und any otNer li,uard,, including �
<br /> ' flncidx or flooding. for which Lendcr requin� insuruncc. This in.r•uranre Khull he muintuine�f in thc amuunt,und for thc peri�rdti
<br /> � that I.ender requires.The insurunce r:urier pr��vi�ling the insurunce�hidl tu ch��+en by Bnrrowcr+ubjeci a� I.ender's lipprcwul ---
<br /> �� �� which shull not bc unreusonubly wlthheld. If Borro�ver fuilti tu nminwin covcra�tc descrtbcd aihnve. l.cndcr mi�y, ut l.endcr'�. _
<br /> ,,� aptton,obtutn covemge to pratect Lender's righis in the Property m urcor�lame with purugruph 7. ��
<br /> . All insurnnce policles and renewuls shnll be ucceptuble to Lender und whall include u stnndurd m�mgage rluuhe. l.ender �
<br /> , shn{I have the d�ht to Iw1J tlic palicies nnd rencwals.If Lcnder requires.Bnrrower s�hull peomptly�tive to l.ender nll receiptx af a;_
<br /> pnid premiums and renewal notices.in the cvent of loss.A�rrawer hhuli givc pmmpt naticr ro thc in�urunce cunier und i.ender.
<br /> �� I.cnder moy make proof of toss If not mude pramptlp by Borrower. _
<br /> �"'��? Untess I.ender and Horrower othecwise ngree in wt�ting.insurnnce proc�c�iR shnll bc upplied to rMtarattan or repuir of the -
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<br /> �,�,.,,,., Propetty damuged.If the resWration ur repuir is econamically fei►sible And Lender's securlty is nnt lassened.If the rcstorntion nr __
<br /> repair is nat economically feasible or L.ender's secudty would be fessened.the insutru�aa pt^�ceed�shull be appHed to thc sums _-
<br /> � securai by this Sccurity Insuument. ahether or not then due, wlth any excess paid ta Barrower. If Bortawer abuttdons the � �
<br /> y' Pruperty,or does not answer within 30 dnys a not�ce from Lender that the insurartce carriar ht�afFured to settle a cinim.then _
<br /> ti Lender may calle.�ct the insurance proceeda• I.ender may use the proceeds to repair or rastora tha Property or to puy sums � --
<br /> �: secured by this Securlty Instrument,whether or not then due.The 30-duy pedod will begin when tha natice!s given.
<br /> Ilnless Lertder and Borrower otherwise agrec in writing. any application of ptnceeds to principal sh�ll not eatend ar � �
<br /> � � �� • postpone tha due date of the monthty payments referred to i�pam�raphs 1 und 2 or c�anga the c�mount of the payments. If
<br /> under paragraph 21 the Property is acquired by Lender.Borrower's right ta nny insura�►ce pallaias and proceEds resattin�from
<br /> . damage to the Properry pdor co the acquisition shaif pxss to I.ender ta tt�a uxtunt of d�c sams�ecu�sl by thls Security inctrument .
<br /> , ;.��, immediately prior to the acqulattton.
<br /> � 6.Occupartcy,Preservatton,Matntenance and Prot¢ctEon of the Property;Borro�aor'e 1.as►�a Application;Leaseholds. N
<br /> ,,.�e_*�, gorirorver shail occupy.establish,and use the Properry as�nvwer's principal residence withtn•sinty dnYs ntter the execution of
<br /> this SECndty Instrnr.ient and sht�➢I continue to oocupy thc�+operty as Borrowor's principul•rosidence for at least ons year after
<br /> F ,.•,.;�, �� the date of accu�.lncy. unless Lender othenvise agrees in wrltin�,which consent sha1l nat Be unrv�sIInably withheld.or unless
<br /> '. ,,, � extenua2ing circtet�xstnnces exist which are @Eyond Borrower's conuol. Borrower shafl�not d��su�y, damage or impair the
<br /> • Property,allow the Property tm deteriorate, or commit waste on the Property. 8orrowas sha�l br am default tf any forfeiture
<br />...r?y:�;;;•, action or proceeding,whether civit or criminal,is begun efi�at in Lender's goad fafth,�ud�ment rnutd result in forFeiture of the
<br /> �,..�t�'F• Property or otherwise enaterlaUy impair the lien created by Lhia Security Insuument or l.�nder's securlry intenest.Bormwer may
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<br /> �?,,�.; cure such a defnv,Qt�nd reinstnte.os pmvlded in paragraph 18,by causing the action or praaeading to�he dismissed wtth a ng
<br /> -`` that.in I.ender's�vad fuiih dctciridnation, pr�c2ud� farf�iturc of ttse Rorr�+v�r's {nterear in the Peoperty or other matedtil
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<br /> --;��'_ ._ . tm�p�ir�xient of the lien created '.�y this Securtry Instniment or Lender's secutity interest. Borrow�r shall also be tn defuult if
<br /> - Bar¢ower,during the loan applicAtion proaess,gave materialCy fatse or inaccurate informtyttion or atc�tements to Lender(or failed
<br /> ��;e��� t�provide I.ender wIth any ma¢Erlal information)in connectfon wfth the loan evidencefl my tha Note.including,but aot limlted
<br /> -__° tu. representations conceming Horrower's occaptsncy of the Propecey as a principal t+esidence. If this Secudty Inswment is on a
<br /> __�'"`"-���' laasehold, Born��var shall comply wlth all ¢he pmvisions of the lea�e. Jf Bomower acquires f�title to the Property, the
<br />"-�"'��..� leasehold and the 4'�e tltle shall not merge unless Lender agrees t�the mer�er in writtng.
<br />:'��;�P 9.Protec46on of Lender's dtlghts�n the Property.If Bonower fails ro perform�he covenants And ag[cements contcdned in��
<br /> ���'''"� this Security Instrurrtent,or there is a legul proc.eeding that may sigr�ificandy affect Lender's dghts in the Pmperty (such as a
<br /> �Y -�— prooealing in bunkruptcy, probate. for condemnution or forfeftum or to enforce laws or regulatlonsl,then Lender mny do and
<br /> .�___—_ pay for whatever is necessary to protect the veluc of the Pmpecty and L.ender's rights in the Property•Lender's acdons neay
<br /> ___� irtclude puying any swns socured by a Iten which hns prIority over ehia Security Insmiment. uppa►t�ng in court. paying
<br /> �-� reasonable attomeys'fees end emer�ng on the Proporty to mnke repsttra. Although Lcader cnay take action under this paragraph ''
<br /> �"�-=--- T, Lender does not have to do so. '
<br /> - - --- Any emounts disbursed by I�ender under this purdgzuph 7 shn11 become c3dditionat debt of Honower secured by this
<br /> Secudty Instrumsnt. Unless Borrower cutd I.ender egr+ee to other terms of payment,these umountt� sAall bepr interest fram tha •
<br /> - date of disburs�ment at the Note rato and shall be payable, with inte�.st, upon notice from Londer tu Borrower requesting
<br /> --==�-� [usYment.
<br /> ..� 8.Mortgage Insurnnce. IF Lender required mortgage insurnnce as a conditian a?rnaking the loan secured by thia Securlty
<br /> Insuument. �orcower shall pay the premiwns cequired to ma�ntain the mortgnge insurance in e�fert. If. for any masfln, the
<br /> --° enortgc�ge insuaance coverage n,quiced by i.ender Iapses or ceases to be in effect. Botrower shall pay the premlums require�!to
<br />- ---- abtuiu cvverage substandnfty equlvalent to the mortg��e iresarerc�pmviou�ly in eft'ect, ac n c.��c subsrantixlly e�ut�nlent ta e�4a
<br /> cast to Boxtower oi ci�e�non�age iu�u,m�w prc:iausiy t:. c:Fcct, fmm au alscrs�ztc martgagc in:urer approved by !_e�Pr tr
<br /> ---- -.- = s��s*.zw►tially equivnlent mortgage insurance coverage is not available.Borrower s�l p�r�y to I.end�r euch montfi a sum e�ual to
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