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<br /> • S.Has�td or Property Ip�unaoe. BorroM�r�hall laep ttw impwvements nox e�i�tiry�or 1►erahr a+�aea!on
<br /> tir Property imured arpimt laM by firs,hrurda lncludd Mithln the wrm "eYtaided oovenje �nd�ny otMr ha�rd�,
<br /> inafuding tloodr a tloodi�y,for xhich L�axlec nqutt�s inwranos. '1'hj�inaxtnx�h�ll b� nuiatdnd In th�am�rn►n
<br /> — - - -- uid tor th�peciodr that l.aida�requirw.'The itNtu��carrier providit►�the inwrat�oe dwll bs clw�en by Horeo�r�r
<br /> wbJeat to Lender'�apptovd whlch�hdl not be unt�aMOM�btY�vtthheld.It Horro�ver f�ilt W mantain wven�e dacdbed
<br /> �bove�La�der m�y.at La�dec'�option,obhin.oave�a�e to prot�at Lender's ri�ht�In tbe Property in a000ed�na with
<br /> paryn 7.
<br /> A1 inau�noe poltda�nd�v�shtlt be aooeptable to i,a�ix u�d�hsll lr►clude a�tandar+d mcxtp�e cl�we.
<br /> : �, i.a�der�}uli h�va ths right w hold the pol�aieo and rerte�rals. If Lenda e+equice�, Bon'o�r�shsli�pr�mptly �ive to
<br /> Lender all t+eodpte oi piid preretiiume�nd reneRra not�as.In the event o!las�,HoctaNer ehall ve m not�oe w the
<br /> in�ucanoe carrler and I,axler.Lenda�m�y m�ke proot ot laes it t►ot mdc pmm�►t1Y by BorroNer.
<br /> Unlas Lender and Borroxer otha�r�ae��ree m wride=�ituutnnoe pteceeds rhall be�pplied to reowatfon ar�r
<br /> oi the Pmperty dam�ed,if the restarattan ot ropatr.ie eoonomiplly faelWe md Lender's security is not leieer►ed.I the
<br /> reetoatlon or repair ie not eoonamicalfy fe�eiMa a�Lendee'a security xould be laesei►ed.the ineursnoe ptoc�eede atuli bo
<br /> applted to the:ume sxured by thia Security Inrtrumant,whether or not then due,with�ny exoeee paid ta Borrower.I[
<br /> --- �- � Bcarrower aband�ns the Property,ar das nat snswor wi=hin 30 dsys�notioe irom Lender thet the inauranoe c�rrier h�s
<br /> otferod w eettle a elaim. thea Lende�r may collact thb i�►BUrsnca pcooeede•l,enda' may uee the Proceeds to xpir or
<br /> rsswre the Ptoperty or to p�y euma eecurod by shia Se�vrity Inatnimant.whether or rwt thu►due.Tt►e 30-day ponod Mill
<br /> be�in when the notia is�iven.
<br /> Unless Le�xier and Aorro�ver otherrise a�ree in rvdtin�,any applicstion ot proceeds to principal eha11 not eYtend or
<br /> --- - -- - - -J � past pana the due dat0 oi•tho r.�onttily�qymcnts roferned ta�n pangrept�s t snd 2 or ciw�ge th��mount oi the pRymente.
<br /> .-- If under pan�raph 21 tho Pmperty is�cquired by Lender, Borrowa's ri�ht to any insut�nce policiee and proceeda
<br /> reaultinE from dama�e t+o iM�1P�+ope�prior w the�vquiation sh�ll ppes to I.a�der to the extait of tho aums aecurod by
<br /> ' this Security Instrument imm�odis�tdy ptior to the acquisition.
<br /> - �4, 6.Occupaaay,Preaervation�Maintenance and Protectioa of t6e Pcoperty;Borro�ver's Loan Application;
<br /> - t� Leaseholds. Aormwec sh�ll�xcupY.establish,and use tho Propecty�s BorroMer's prineipal rosidenve wtthin sixty days
<br /> '�:` after tho execution�ot�thi�6a.�udty Inatn�ment and sh�ll continue to occupy th� Property as Borrower's princip�l
<br /> Y•'. �., residaux for at laast ana yca�r siter the�date of ovcup�ncy,unless Lender othenviee a�rees in writing,which consent ehall
<br /> -- � �' not be unressonshty�rithhald,or unloss oxunwtin�circumstances exist whlch aro boyond Borrower's oontrol.Borrowor
<br /> - � ehsll not deatroy�damage or impair the Property.�lloa the Proposty to cktertorate.or oommit waste an the Proparty.
<br /> - x`*,��F. fiorrower etwll bt in detault if any forteituro action or proceeciin�. whether civil or criminal,ia be�un that it►I.ender's
<br /> f ' "�� good faith judgment could result in forteituro of the Property or otheraise maurially impeir the lien crated by thie
<br /> ' ���.:ti Security Instrumont or Laider's security interest. Borrowa may cure such a default�nd reinstau, as providal in
<br /> �`""`Y' ra h 18, by causing the action or roceedin w be dismissad with a rulin that in Lender's �ood faith
<br /> • t'`= P� YhP P � E �
<br /> =- � =E_ determin�ti�n,prochidea{odeituro of the Borrower s intorest in the Property or othac m�tenal impairment ot the lien
<br /> .��.r�;:; •
<br /> ' .;;,;,,.�,,;•t�;. .-. f� created by this Security Instrument oc Lander s socurity intorest.Borroaer shall also be in default if Borrower.during
<br /> ::R}. . ' �� i; the loan ipplicstion process, Qave matorially false ar inaccurate information or statemenu to Lender (or failed to
<br /> ''�' ''� provide Lender with any material in[ormation)in connection wIth the loan ovidenced by the Note.including,but not
<br /> :: ' limited w,representations wncerning Borrower's accupancy of the Property as a principal residence. If this Sacurity
<br /> -'��•`� . Ia�strument is on a leas�hold,Borrower shall comply aith all the provisions of the lease.If Borrow�r acquircs ice tide to
<br /> �• '.;:"1;•� ''. . .: . the Property,the leasehold and the fae titte shall not merge unlcss Lender agrets to the morga in writing.
<br /> � 7.Protection of Leader's RiYhts in t6e Property.If Horrower fails to perform tho covenants and agreements
<br /> � � ` contained in thia Security Instrument.or there is a Ie�a!proccedirtg that may si�niticantly atfect Lender's rights in the
<br /> �• . Property (such as a procading in bmkruptcy. probate, for condemnation or forteiture or to enforce laws or
<br /> —� ce�ulations)�then Lender may do and poy for whatover is necesssry to protoct the valuo of tha Property and I.ender s
<br /> -�:�. ^""`�"''�••" . tights in the Proparty. I.ender's actions may include paying any sums secured by a lien which hss priority over this
<br /> �� Security Instrumont,appearing in court,paying reasonable attorneys fees and entering on the Property to mnke tepsirs.
<br /> �� Although Lcndcr may take action under this paragraph 7,Lender does not have tn do so. �,
<br /> � Any amounts disbursed by L,ander under this peragraph 7 ehall bocome additional debt of Borrower secut+ed by this -
<br /> : " Socurity lnstrument.Unless Borrower and Lender agra to other terms of payment,these amounts ahall bear inurest
<br /> r , from the data of disbursement at the Note r�te and shall ba payable�with interest,upon notice Eram L.ender to Borrower
<br /> , roquesting payment.
<br /> ' 8.Mortgage lasursace. If Lender rr.quind mortgage insurance as a condition of making the loan socured by this
<br /> � Security Instrument,Borrower shall pay the premiums required to maintain the mortgage insurance in effect.If,for any =
<br /> "��"�,• . reason, the mortgage insurance coverage requited by I.ender lapses or ceases to be in effect. Borrower shall pay the
<br /> '" . �'"' ' promiums roquired to obtain coveraee substantially equivalent to the mortg�ge insurance previously in eftect,at a cost _
<br /> substantiaUy equivalent to the cost to $orrower of the mortgage insurancx previously in effect, from an alternate _
<br /> •'•3'" mortgage insurer approved by L,ender. If substantially equi�alent mortgege insucance coverage is not available, --
<br />_•�• '°''r' Borrower shall pay to Lender each month a sum equal to one°twelfth of the y�early mortga�e insurance premium being =
<br />'�� paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender wili accept, use and retain thrse
<br />�; � payments as s loss reserve in lieu ot mortEage insurance. Loss resen•e payments may no longer be required,
<br />�.E
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