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<br /> — __- - �_ - 3. H�sani ar �ruprr:y f�-i:ncwr-w�. �o.��w-'a'thrtt it�:p th�impravctucats acra c�at��o�s hc:e�r_Fer��l�'leifcm the ___
<br /> ,.: --- property iazured�gainct las by fire. hazuds iacluded withiu the tecm"exuaded coversgo• aad any othesr 6azud�.lncludinT
<br /> -i';� Qoads or tlooding� for which Lendu requ'uec imurance.71�is incwanoo=6�11 be maiut�inedin tho awountaaod for tbe period: 4
<br /> that l.ender requires.'f6a fnsurance carrier providiag tLe Wsur�ace s6�11 be c1►oscn by Borcower subject to Leoder's appcov�l
<br /> ••��c•7� �,.,, w6ieh :haU aa be uareASOnaWyw,c6beld. If Borcower fai1►to maint�in eovecage deaeribsd abcwe,ieneier may,�i Lc.u1c�':
<br /> �'.�..t_. option.obtain coverage to protect LendePs rightc ia the Property in accordAna aith paragrsph 7.
<br /> """""""":"`'�"r-"'�' Ati inswo,-,ce pali:.ies sud rencwais shall be�eeeplable to Lender aod s6�11 include a�taedard mortgage c1ause.L.eadec �,_
<br /> �f��:.y;.��:.,_ cSaU have t6e right to hold the polIaes and reacwuls.If Lcnder requires,Borrowrr shafl promptly g�vc to Lender all receipts of
<br /> � .. 2'=.� • paid premiumsand reaewal notIces.In t6e evcnt of loss,BorrowersWill give promptnotice to the insuraocecurieraad Lcnder.
<br /> --. �'�.�,+,�'�'.``.`� •`., Leoder may make proof of loss iE not made promptly by Borrower.
<br /> ������=�s�� Utiless Lendcr and Bonoweratherwise sigree in writing.insurance Procudsshall be applied to restor�donor repair of th�
<br /> �'"�°'�"'�'""`''�'""'•• property damaged,if the restorationor repair is economically fe�sible and Leader's security u not kssened.If tlie resioradonor ----
<br /> � — �',,-.y� ' •: repair is not economically feasible or Lender's security would be lessened,the inswauce prax�ls shall be appGed to tlse swns �--
<br /> ;,:���,�,,�a4?•.J i{ ,W.. �cured by this Security Instrument,whether or aot then due,with any ezcess p�id to Borrower.If Bonower abandonc the
<br /> � Property,or does not answer within 30 days a aotice from Lender that t6e insurauce cartier has offercd to setde�c1�im,then
<br /> __ ' Lender may coUect the iasurance proceeds.Lender may use t6e proceeds to repair or restore the Property or ro pay sums _
<br /> - -'��"'f'""�:�'""��, securcd by this Security Instrument,whether or aot thes de�e.T6e 30�day period will ixgin w6en We nottce is given. _-
<br /> '° .� • • Unless Lcnder and Borrower otLerwise a�ree in wri�ting� ++ay application of proceeds to principal s1�a�1 not extend or _
<br /> }�� '` postpone the due date of d�e monthly payments referrgdto in p�ra�aphs 1 and 2 or change the aznount of the payments.If `_
<br /> � � under paragraph2l tha Property is acquiredby l.eader,Banower's cight to aay iusurancepoGaes and proceedsresulting from
<br /> � ' ' damageto thc Property prior to We acquisition shall pass to LeAder to thc eadent of tbe sums securedby this Securiry Iascrwnent
<br /> � ", immediately prior to the acquisition. —_
<br /> 6.Qccup�wcy. PneservAtioo� MAlateaAace and Prota�tioa ot tLe Property; &uraw�er's Loap Appik�ntios; I.a�seLdda.
<br /> BorrowershaU accupy, establish,and use the Property as Borrower's principal residence within sixty days afccr the execution of _
<br /> ., : this Security Instrumentand shall continue to occupy the Pmperty as Borrower's prinapal resideuce for at least one year after _
<br /> . the datc af occupancy, unless Lcader othcrwise agees u►writing, which consent shall not be unreasonablywithheld,or unless
<br /> cxtcnuating circwnstances exist which aze beyand Barrower's control. Bonower sdall not destroy, damagc or uapair the
<br /> Property, allow the Propecty to deteriorate,or commit waste oa the Property.Borrower s6all be ia de.fault if any forfeiture
<br /> action or proceeding,whether civil or criminal,is begun that in Lcuder's good faith judgarent could result in forfeiture of the
<br /> __ ,_ �•� ____ _ pro�r�y or�therwise matcrially impair We Gen createdby this 5ecwity Instrumcntor Lcnder's security interest.Barrowermay _
<br /> • cure such a default and reiastate,as provided in paragraphlR, by causing the action or proceedingto be dismissed with a ruliag �
<br /> , that, in Lender's gaod faith detcrminadon,precludes forfeittuc of the Bonower's iaterest in the Property or other material
<br /> � impairmcnt of thc lica creatcd by ttus Security Iastrumcnt or Lcndcr's security interest.Borrower shall also bc in default if
<br /> Borrower,during the luan application process,gavc matcrially falsc or inaccurate infottnatioa or statementsto Lender(or failed
<br /> to providc Lcnderwith any materialittformation)in conncctioawith the loan cvidenced by thc Note,including,but not lirnited
<br /> � '' to,representatioassoncemingBorrower's occupancy of the P�apertyas a principal residence.If this Security Instramentis on a ___
<br /> ! � , leasehold, Barrower shall comply with all the provisions of t�e Icasc. lf Borrower acquires fee tidc to the Property, the
<br /> � ;..� leaschold and the fcc titic shall not mcrge unlcss Lcnder agrees to thc mcrger in writing.
<br /> 7.Piroteetlon of Ixnder's Ri�h�c in the Property. If Barrowerfails ta performthe covc:nantsandagre�:mentsc:oatainedin
<br /> �•� this Sccurity Insuumcat,or thc�c is a leg:+l proa:cding that may significandy al'fect Lender's rigt►ts in ihe PropeRy(such as a
<br /> �: , proceedingin bankruptcy,probate,for condemnationor forFeiture or to enforce laws or regulatioas),then Lender may do and _ _.
<br /> .. . ' pay for whatever is nece�sary to protect the vulue of the Property and l.�:nder's rights in the Property.Leader's actioac may -W-
<br /> include a n an sums se:cured b a Gca which has priority over this Security Instrument,appearing ia cotut, paying �'"`"
<br /> � P Y� � Y Y " n�.:-
<br /> ' • rcasonableattorneys'fees and cntcring on the Prope;rty to makc repairs.Although L.cnder may take actioa undcr this paragraph �
<br /> �4 '. 7,l.xndcr docs not havc to do so. =_„
<br /> Any amounts disburscd by L�:nder undcr this paragraph 7 shall become additional debt of Borrower secured by this �;.,
<br /> Sccuriry Instrumeat.Unless Borrower and I.endcr agrce to othcr tcrms of paymcnt,these amounts shall tx:ar interest frow the '="'�
<br /> . datc of disburscmcnt at the Notc ratc und shall be payablc, with intcrest, upon notice from l.ender to Borrower rcquestiag = �
<br /> „ payment. �'-
<br /> � :�i' 8.Mortgage InsurAace.If Lender required mortgage insurance as a condition of making the loaa securedby this Security ;,r.
<br /> , . . Instrument,Borcower shall pay the prcmiums reyuire:d ro maintain the mortgagc insur:uue in effcct. If, for any reasun,the w�_,.
<br /> t� ' . , :,'�'�•,,,.' i mortgagc insurancc covcragc tcyuircdby L.cndcr lapscs or ccascs to ix�in cffect, Boaowcr shall pay thc prcmiums rcyuucdto �,,
<br /> ` .. . obtain coverage substantinlly eyuivalcnt to thc mortgage insurancr prcviously in eifect, at•r cost substantially equivalent to the �:z;�:
<br /> < < � ��� cost to Borrower of the mortgage insurancc previously in cffcct, from an altcrn:�te murtg�gc insurcr approved by l.ender, if �:-:;
<br /> • : ��• substantially cquivalcnt mortgage insurancc covcragc is not availablc,Bonowcr shall pay to Lcndcr cach month a sum cqual tu ►-�'�•
<br /> � ;• � one-tw�lfth of the ye.+rly mortgage insurancc premiumheing paid hy Borruwerwhcn the insurance coverage lapsed or cc:ase:dto
<br /> '-•° be in effecL Lc:nderwill accept,use and retainthese payments as a luss reserve in lieu of mortgage iasurance. Latis reservc �,::
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