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<br /> �---'�`n� S. H�:�rd or Pro rt la�uraac�. Bormwer�hsll roe the tm vements nc�w eYi�dn�or h�ratcer ero�ted on
<br /> ��,.-- �
<br /> -�`�'"���"�� the Property ir►�urod a��i t laa by firo,h�r�rd�inoluded within the term "ertended wven� �n0�ny athe�tuu�d�,
<br /> — ---- - includin�tloods o�tlaodin�,tor which La�da�roquiros!n■►uy►no�,Thi•i�u�n�ce ah.q 1+.mrinai�.d In th�amau�n _
<br /> � �nd for the period�that Lande� roquira. 1'he insunnce acrter�xovidin the in�urux;e�hall be otwMn by Aarrower
<br /> '' ` eubject to l,ender's approvd whiah shdl not be unre�eombly withheld.If�rrower tdtt to mainuin cnvar��e dacrihed
<br /> ..,,..,� �1x►ve, I,ender m�y,at l.ender's option,obtatn cvven�e to pratect I.,ender'�ri�ha in tl►o Property in kc�rdancb with
<br /> � � :.;>=:. �.., . . pon�raph 7.
<br /> ����������;�'••'•' All irusunnce poltciee and ronew�l�shall be �ccepublo w I.ende�and shall fnclude �sundard mort��o clat�e.
<br /> '�ti;_r•;.';' - ' . � l.endor shalt have tha ri�ht to hold tho policIea and renewals. If Lender requires, Borrower ahall pmmptly pve to -
<br /> , ,,, w . ,. . ,� Lendet al!recaipta ofp�f d premiums and renewal noticee.In the event of luaa,Bc�rrowar ehal!�ive prompt notice to tho
<br /> ,��, insur�nco carrlar and l.ender.I,�nder m�y make proof of loea it not made promptly by Borrower.
<br /> ' �� Unlase I.ender and Borrower otharwlee a�ree in artttn�,inaunnca proceeda shall be appited to restoration ar rop�t�
<br /> -.�:�: ' '��� ����+ �� �� c of the Pro ct dsma ed,ii the r�toratton or re tr is economtcall fetstble and Lender'e sxurtty ie not leeeened.Ii the
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<br /> _ ,,,_ ;� • . restoratton or re p�ir ts not ecanomtcall y fetsible or I.endet s axurtty would be le�eenod,the insurance proceeds eh�ll be
<br />-----�� •• ' ��� � appliod to the aurns securod by this Secuctty Instrummt,whetha or not then due,with any exceea piid to Borrowar.If
<br /> _ __� � �� • ' ""' � Bonower�bandons the Property,ar does nat�nawer within 30 days a notice from Lender that the lnsuance carrier hts -
<br /> _ �, ofiared to setde a clsim,then L.ender may collect the insunnce procoeds.Lendae m�y use the proceeds to repsir or
<br /> _ . . �' restore the Property or to pay sums sxurod by this Security Ir�strument,whether or not then due.Tho 30�dsy periad will
<br /> , . .,�, be�in when the notice is given.
<br /> - ! ' Unless Lender and Horroaer otherwise aQroe in writin�,any application ot proceeds to priacipt)shtll not extend or
<br /> postpone th�due dute af tho montl�ty pryments rv[ened w in psragraphs I and 2 or chan�es ti►e amuuni uf i.i�o puy�ua,�ts.
<br /> If under pareeraph 21 the Property is�cquired by Lender, Borrower's ri�ht to any inaurance policies and proceeds
<br /> � � • _ resulting from damage to the Ptoperty prior to the acquiaitian shall pnas to Lender to the eYtent ot thc sums sdcured by
<br /> ��� ; . _ ,, this Sacurity Instrument im mediately pnar to tho acquisition.
<br /> ' ����t 6. Occupancy,Preservation� MttntsnsACe and Protectioa af the Property; Borrower'o Lwn l�pplication;
<br /> ;. Leaseholds.Borrower shall occupy,estublish,and use the Property as Borrowar's principal residence within aixty days
<br /> . ' ± atte�cbe execution of this Security Instrument and shall continue to occupy the Proporty As Borroaer's principal
<br /> ', �� � �'i' resi dence for at least one year after the date of occupancy,unless Lendar otheraise agras�n writing,which canaent ehall
<br /> ; . not be unroasonably wfthheld,or unless extenuating circumatancea exist which are�boyand Be�rrower's control.�orrowor
<br /> ehell not destroy,damage or impair the PropeMy.allow the Property to deteriorate,or commit waste an the PropeMy.
<br /> � Borrower shall be in default i4 any forteiture action or procceding,whether oivil or cciminal,is begun that in I.endar'a
<br /> � ` good faith judgment could resolt in forfeitur�of the Property or atherwise materlally impair the lien crettod by this -
<br /> . :. � Security Instrument or Lender's security imorest. Barrower may cure such a default and reinstato,as pruvided in —
<br />• � paragteph 18, by causing the action or proceeding to be diemissed with a ruling thet, in Lender's gaod taith
<br /> � -- � ' + '-- deicrm�usiiuu�p�cwludra fvriCiium vf iiic BarcuwCr'�iutCre�t in it�e Fr'o�eciy or other nateriat impa3rmant o!thc 2tcn
<br /> ' 'j , ' created by this Security Instrument or Lender's aecurity interest.Borroaer shall also be in default it Borrowar.during
<br /> the loan npplication pre�ces9, gave materially false or tnaccurate intormation or statements to Lender (or fatled to
<br /> provide Londec wtth any material informetion)in connection with tho losn evidenced by the Note.includtng, but not
<br /> � limited to, rept�esentations concerning Borrower's occupancy of the PropeRy as a principal residence.Ii this Socur3ty
<br /> Instrument is on a leasehold,Borrower ehall comply with all tho pmvisioc�s of the lease.If$ocrower tcqutres tee titlo to
<br /> the Property,the leasehold and tho fec title shall not merge unless Lender agras to the merger in writin�.
<br /> { 7. Protectioa of Loader's Ri�hts in the Property. If Borrawer faile to pertorm the covenants and igraments
<br /> � conuined in this Securi!y Instrument,or there is a legal proceeding that may siQnificmtly�ifect L,ender'R rights in the
<br /> � Property (s►w;h as a prc�ceeding in bankruptcy, probate, for condemnation or forteiture or to en[orce laws or
<br /> �,� regulations),then Ixnder may do and pay for whatevcr is nec:e.ssary to protect the value of th�Property and I.ender's
<br /> �� righu in the Pn�perty. I.ender's actions may include paying any sums secured by a lien which has prio�ity ovec this
<br /> . , Security Instrument,appearing in cnurt,paying rea5onable attorneys fces and entermg on tho Property w mtke ropairs. -�
<br /> � Although Lender may take action und�r this paragraph 7,I.ender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become addition�l debt ot Borrowersecured by this
<br /> . � Security Instrume�t.Unless Borrower and I.enJer agree to other terms of payment, these amounts sh�ll bear inurcst -
<br /> from the date of disbursement at the Note rete and shall be payable,with interest,upon notice from L.ender w Borcower
<br /> . requesting payment. -
<br /> 8. MortYage Insurance. If Lender required mortgage insurance as a condition�f making the loan secured by this
<br /> � Security Instrument,Borrower shall pay the premiums required to maintain the morteage insurence in etfect.It,tor any
<br /> �: • reason. the mortgage insurance coverage required by� Lender Iapses or ceases to be in etfect. Borcower shall psy the
<br /> premiums required to obtain coverage substantially equivatent to the mortgage insurance previously in eftect,at a cost
<br /> substantially equivalent to the cost to Borrower of the mortgage insurance previously in eftect, from an alternate �-
<br /> � �. mortgage insuter approved by I.ende:. If substantially equi�•alent mortgage insurance coverage is not available, _-
<br /> , • . - Borrower shall pay to I.ender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being -
<br /> ? � � paid by Bnrrower�vhen the inst►rance coversge lapsed or ceased to be in effect.I.ender will accept,use and retain these -
<br /> . , payments ss a loss re.serve in lieu of mortgage insurance. Loss reser�•e payments ma�• no longer be required, '-_-
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