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<br /> S. Hupird or prnpaty iewraoce. Homnwer chall keap the lmprnvementa now exiu�n� or hercaf�� erocted on tl�
<br /> PmpeRy inaurod o��inst loss by fire. IuzQt+dc includad within the term "extendod covcrage' and r�ny other ha���tde, includin�
<br /> floal�ar iloading.for which L.encfer requircs inaurar�ce. This insurance shall 6e maimAined in the amounts and for tho pe�iods
<br /> thot Lender roquires. The iniwrance carrler providing the insunnce ahall be chosen hy Borrawer subjxt to L.ender's approval
<br /> �� which slwll no1 be unrcacanabiy withhclJ. if Barrower fpils to maintain cover�ge described abovc. I.ender may,At Lendcr'�
<br /> — optian, obtwin rnverage to protect L.ender'�righta in!he Property in accordanca with parngraph 7.
<br /> All insurance polieica nnd r�enewalx shall be acccpwble to L.cndcr ard slialt inslude a swndurd mortgage ciause. Lender
<br /> shall hs�ve the dght to Iwld the pc►lioiea�ond rcnewds. If Lender reyuires,Botrower shall promptly give to Lender all rcceipta of
<br /> p:►id prcmiunu and renewul natices.in the event of loxs,Borrower shall�ive prompt notice to the insurance rnrrfer nnd Ler�der. _._..
<br /> "- L.ender m�y make proaf of loas if not rtwdc promptly by 8orrower.
<br /> �::;a:�:' Unless l.ender and Borrower dherwise ag�ee in writing.insurance pracceds shall be oppliecl to rcatoration ar repuir of the
<br /> Propeny dunaged.if the rest�ratipo or repair is economically feasibl8 and L.ender's sncur�ty is not I�ssened.lf the restoration or
<br /> ---� repnir is nat economically feusible ar Lender's security would be lessenod. the insurnnce proceeds ahall be applied to the sums
<br /> - - ---__ secu�ed by this aecurity Insuument, whether or not then due, with any ex�� p�iJ lu Burruwe�. !i'Burrower aba��ns tha -
<br /> - _ — - -- Pmpeny,or dae.c not nnswer within 30 days a notice from L.ender that the insurena carrfer has offered to setde a claim, then
<br /> Lender may colloct the insurnnce proceeds. I.ender may use tha proceeda to repalr or restore the Property ar to pay suma
<br /> secured by thie Secvrity Iost�ument,whether or nat then due.The 30-day pedod will begin whon the natice is given.
<br /> —r`' Unless Lender and Borrower otherwise agree in w�iting. any application of proceods to principal tahall not extcnd or
<br /> �-r � pastpnna�he due dete of tha manthly payments referred to in paragraphs 1 and 2 ar change the amau�t of the payments. If
<br /> �1� , under parogreph 21 the Property is acqufrcd by Lender.Horrower's right to any insurance policias and proveeds�esWting from
<br /> damage to the Property prior to the acquisition shall pass to Lxnder to the extent of the sums secured by thia Securiry It�uuma�t
<br /> �� 'S;;�r:': r. .•�., immediately prfor to the acquisitiun.
<br /> . ,: t,�� ;;:��r.,.L 6�Oaup�Y,PreservAtion.Maintenance and fh+otection of the Property;Borrower's I.oAn AppNcAtloni��•
<br /> ° �� { ���" "� ' Borrower shall occupy.establish,and use the Property as Horrower's principal residence wlthin siaty days after the execudon of
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<br /> .�a,i• �,. :.;,.';�:.• this Security Instrument and shall continue to accupy the Property as Horrower's prfnclpal msidence for ol least ono yeu after
<br /> �• -��`�}��• the date af occupancy, unless I.ender o�herwise ogrees in writing. which consent shell not be unrcasonably wjtht�eld.or unlesa
<br /> � �� •��•, eatenuating clrcums�ances exist which are beyond Borrower's cnn�rol. Borrower shall not destroy. demage or lmpair the
<br /> �,����;0'F�i' Propeny,nllow the Property to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeituro
<br /> �� "�� U �, `` uction or proc�ceding, whether rivil or criminol, is begun thut in I.ender's goad faith judgment rnuld result in forfeiture of the
<br /> �� . � . � � Property or otherwise materially impair Ihe lien created by this Security Instrurt�ent or Lender's securlty interest.Borrower mAy
<br /> • � , ' cure such u default and reinstate,as provided in parngruph 18,by causing the action or praceeding to be dismissed with A ruling
<br /> � that, in l.ender's gaod faith deteronination, preclude� forfciturc af the Borrower's interest in the Properry or other matedol
<br /> :"..�� --` .. impairmeth oi�he licn createci by lhis Stxurity Itwrumeni ur Ixihtcr'�sr�urily i�dnmi.Burruwcr �i�a11 xlau i�iu SCfauit if
<br />, • � , Barrower,durin�the loun upplication process,�ave materially fulse or inaccurate informa�ion or statements to Lender(or fellod
<br /> ,�'��,' to provide L.emler wilh any material information)in connection with the loan evidenced by the Note,including,but nat limitod
<br />, . � to, repre�entation,concerning Burrower's occuFancy of the Propeny as a principal reaidence. If this Secudty Instrument is on a
<br /> . � Ieasehold, Borrower shall comply with oll the provision. of the lease. If&�rrower c�cquircs fee �itle to the Propetty. tha
<br />' . leasehold and�he fee�itle shull not merge unles. Lender agrceti to the merser in writing.
<br /> -• 7. Prot�ction of l.ender's Ri�hts in the Property. If Honowcr fails to perform�he covenants and�greements rnntained in
<br /> �= this Securny Instrument, or there is a Icgul proceeding that muy .ignificanUy offect Lender's rights in the Propeny (such as a
<br /> "?' pn�cceding in bankruptcy, probu�e, tiir cundemnution�►r forfciwre ur w cnfonr luws o�rcgulutians;l,then I.ender may do and
<br /> ;' puy for whutever i.necessary �o protect the value of�he Propeny und Lender's rightx in the Property. I.ender'x actions may __
<br /> `� include poying nny sums scrured by u lien which ha� prioriry ovcr thi, Serurity Inxtrument, appearing in court, paying —
<br /> rcascins�ble uttamey.+'tiee.und enlering an�ho Property to mAke repuirs.AltMiugh L.ender rrwy take uction under this paragraph �"-
<br /> , .•.• . 7.Lc:nder docs not huvc u�do so. �� .
<br /> � .+.'••.•:; Any arnuunts ditiburseJ by LenJer unckr thi�. puragraph 7 �hall bcconk udditionul debt of Burmwer secured by Ihis
<br /> ' '"� '� ' � Serurity Instrumem. Unlr.. &►�rower and Iaixler agrcc lo other trrm+of'puyment,�hese am�urns �hull t�ear intereti� fmm the ''
<br /> . s";�.��';;;:::: d�.
<br /> , dnte of dirbursement ut Ihc Notc ratc unJ �hull Uc puyublr, with intcR+t, upm n�xirc fmm Lender to&irmwer requesting �_h-
<br /> puyment. _
<br /> �',�'•, 8. 111ortgaQe Insuranre.11'l.cndcr rcyuircd numgu�!�in�uranrr a+a runJiliun i�f muking thc li�an sc.urcJ hy this Sccurity -
<br /> . ' ,. Instrumenl. &�rruwcr .hull puy the premium+ rryuiroJ to muint;�in the nwng•rgr inruranrc in eftect. 11', liir uny rcu�on, the
<br /> ' � �;':�`' nx�rtgagc insurancc covcragc rryuir¢d hy I.cndcr lap�r.ur rca.c.tu hr in rlYcrt. t3nrrmvcr shull par�hc premium.rcyuir..�i to ..=�,�
<br />' '�`•�� . obtuin covcrage�ubswntially cyuivrlrnt���thc ntangugr in,uranre prrviously in rftir�. ai a ru�t.ub,i:intially cquivulem a,the .
<br /> i 1 ,...:,,,.::�+ti. cast tn Horrower of�he m�mgage in�ur•rncr prr�•inu�ly in rffect. from un .iUrrnatr nu��gagr imurcr uppn,�•��1 hy I.endcr. If
<br /> a. �;;..: ; suhstantially equivalent miingugc in�urancc rm•crage i�n�►t a�•ailiiblc. Burr����•rr.hall p��•a� Lendcr c;wh nwnlli a wm ryusd to ,
<br />,, . : • one-iwelfih uf�hr ycarly mi�n�.agc inwranrc prrmium hring psiid hy 13urr.n�er�►�hrn Ihc in�urancr rn�•rrugr Iap,rJ ur rea.eJ t�i `
<br />' .` ` � '' '� . t+c in eFfect. l.ender will urrept.u.c unJ retnin th�,c puyment+�i. u lu.. r��en�c in li.0 u( nN,nga�e in.uranr�. l.u.. rc.rn•e �
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<br />� • • form 3028 8I90 .
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