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<br /> S. Hwrd ar Ia�ura�e. �ormwu th�ll Iceep �ha lmprovemeau 94 rtit��o`i�Tie�alt�erected on 1he
<br /> propeny Inwued�imt�y f7ro. l�ardr included within tho term 'extendad wvera�e' and my ott�r i�d�� includl�
<br /> Aad�or flaadin�,for whkh l.e��der requir�a Inwranoo:Thi�inwrance�Iwll bo moitqained�n Ihe uiwunt�anl far the period� '
<br /> th�t l.ender roqulrcA. The inwruke auder providi��he inwrsncc sludl bc ctic►son by Flarrower wbJoct to I.ender'�spprov�l
<br /> which �ll not be uanasomtbly wilhheld. If&xrower f�il�lo nuint�in covorn�e desc�ibai abovo. 4endae may. u L�ende�''�
<br /> � option.abt�in oov�ta�e to protoct[.ender's N�htr in tha PrapeAy i�accordw�ce with para��ph 7.
<br /> � All insunmee pdicies and ranewal��itrll 6e a�table to I.ender�nd rluill includo a awidArd monQa�e eJwse. 1-ender
<br /> _'-°`- '-� - _ �-' �hall havc tho right to M�W tt�e polie{er wwl renewWe.IP Leader n�quirc��Borruwu clwll prompdy IIive to l.ender all reoeipt�of
<br /> p�id pnemiumit and re�wal notfoa.in tho ovait of lo��Borrower�II�ivo prompt notioe w the inwuanoo c+�n'ier�nd I.a�e�'. -
<br /> L�endcr m�y m�ke proof of locs if not m�de promptly by Borrower.
<br /> Unleu l.enckr and Borrower otherwise a�roe in writin�.inwr�noe proce�d�sh�ll be applied to rcstoruion or r�epair of the
<br /> Prop�Ry dam�ad,if the restoration or nepair i4 eoonomically fewiible and L.etder'�sa.�urity is not(essenod.if the�cstarntion or
<br /> repair is not eooiamically faixibie or Lender'a cocurity would be lassenod. tha insuranoe praoeeds�h�ll be applied ta the wms
<br /> ----°�°�- �- �ecured by thic Sa.vrity Inurun�ent, whether or oot lhen due. with any eacrss paid to Borrower. If Borrower abandons the
<br /> Pmperty.or does not�wer within 30 dny4 a nolice from Leoder that the inwrw�oe carrler has offued to cutle a claim.then
<br /> Lender may wlloct tiie inau� proceeds. I.e�er may use tho prooeeds tu re�air or rcstor�e the Prnperty or to pay wma
<br /> �ocurod by thi�Serurity Instrument.whether ur nat ttirn duo.The 30�dwy period will begi�when the notla is given.
<br /> Uniess Lender and Borrower otherwlse a�roe in wdtin�. ony applicAtion of procada to principal shWl not exand or
<br /> postpora the due dato of the montbly payment�rcferrod to in pu�rapl� ! wnd 2 or change the amount of the payments. If
<br /> under pau�gnpfi 21 tho Properly ic acquired by Lender.Borrower's�ight to any insurance policies And procads rcsulting fmm
<br /> — damage to the PrnP��'�Y Prior w the acquinitlon slwll p�to L.ende�W the eactent of the wms sxu�d by thia Soeurily im�va�ent
<br /> ie�mediatcly prior w the acquisition.
<br /> = 6.Occuponcy�Pree�rvwtbn,MpintenAaoe nnd PnntecNoa o�tbe Propetiy;Borrower'a Loan Appflet�tion=I.wscholdo.
<br /> Borrower elwll occupy,establish.and use the Property ac Borrower's pdncipal rcsidence within sixty dayc ARer the exocution of
<br /> this Security Instrumont and sholl rnntinue to axupy the Property as Barrower's princip3l residenct for at least one year after
<br /> - --- the dat�of ocxupancy,unless Lender otherwiae agrcr.s in wridng,which oonscnt sh�ll not be unrr,asonably withheld. or unless
<br /> - extenuadng circumstan�x.c exist which are beyond Borruwer's control. Ftorrower shall not destray. damage or impair the
<br /> - Property. allow the Property to deteriorate. or commit waste on the Pmperty. Borrower shall be in defeult if eny forfeituro
<br /> �� ectlon or proceeding. whether civil or criminal. is begun that in Lender's goad faith judgment could rawlt in forfeiture of the
<br /> - Property or otherwise matedally impair the lirn crcated by this Securlty Instrument or Lemler's secur�ry interest.Borrower mAy
<br /> �-`�"�'-`_ cure cuch a default and rcinstate,as provided in paragrnph 18,by causing the action�r procoaling to be dismissad with a ruling
<br /> ��,�';; that. in Lender's good:f'ailh deterntination. precfudes forfeiture of the Horrower's in[eres� in ihe Pruprriy ur �r tnateriat -
<br /> impairnxnt �f the lien crealed by thls Securfty I�strument or L.ender's secu�ity interest. Horrower shall �lso be in defnult if
<br /> t BoROwer.du�ing ihe loun application process,gave materi�lly false or inaccurate information or statements to Lender(or failod
<br /> to provide I.ender with any material infomwtion)in connoctian wlth the loan evidenced by the Note. including,but not limital
<br /> to,reptesentations concerning Borrower's occupancy of the Praperty as u principal nesidence. If this Securfty Instrument is on a
<br /> '-�':• ^� �' leasehold, 8orrower shall com 1 with all the rovisions of the lease. If Borrower ac uires fee tidc to the A , the
<br /> �� ���' � leurehold and the fee dde shall not merge unless l.endcr agrees to the merger in writing. A �� y
<br /> ."'�;r,��,�,�,:� � 7.Protectlon of I.endee's Rights in the Property.IY Bormwer fuils to perform the covenants and agreements oontuined in
<br />_-� ��{�' this Security Instrument, or there is u legal proceeding th�t mey significently affect Lender's rights in the Property(such as a
<br /> •, ,,�...,, proc�eding in bankruptcy, probate, for condemnetion or forfeiture or to enforce luws or regulatians),then I.ender may do and
<br /> �'�� for whatever is neces to rotect the value of the Pro n und Lender's ri hts in the Pro n Lender's actions ma
<br /> ' a,�;.�� PaY �' P Pe Y 8 Pe Y• Y
<br /> �^ ' 't;'•��'j;•�'� -� include paying any aums secured by a lien which ha.c priority over this Securily Instrument, appearing in coun, paying
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<br /> ;..ti,�,h;.,u;:� -��_. . reasonable attorneys' fees und entering on the Propeny to make repairs.Although l.ender muy teke action under this paragraph
<br /> •��gA� 1 7.Lender does not have to do so.
<br /> _ Any amounls disbursod by Lender under thi+paragraph 7 shull become udditional debt of Bomnwer secured by this
<br /> '` �;;f; � :w ' Sec.urity 1nslniment. Unless Bormwer and l.cnder Agree to other terms of payment, these amc►unts shnll bear interest from the
<br /> I date of disbursement at the Note riate and shall be payable. wilh interest. upon notice from Lender to Borrower requesting
<br /> "' „r��.; i payment.
<br />- �' �'��' 8.Motigage Insurona.if I.cnder required mongnge insurance as a condition of making the lo�n secured by this Secudty
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<br /> --� Instrument, Borrower shall pay the premiums requirod to maintain the mortBage insurunce in effoct. If, for any reason, 1he
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<br /> ����`�� mongage insuranoe covernge required by l.ender lupses or ceases to be in effect, &irmwer shall pny the premiums requi�l lu
<br /> --- - obtein ooverage substantitilly eyuivaient to the mortgago insurance previously in effect,ut a cost substantially equivalent to the
<br /> �." ,�"�;" cost to Borrower of the mortgage insurrinnce previously in eff'oct, from an apernate mortgage insurer approved by Lender. If
<br /> ��,�_;�� substantially equivalent mortgage insurunce coverage is not uvuilable,Borrower shall pay to I.ender euch month a sum equal to
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<br /> -� _ _`� one-twelflh of the yearly mortgage insurance premium being paid by Bornower when the insurwice coverage lapsod or ceased to
<br /> be in effect.Lender wfll acoept,use end retnin these payments es a lo� reserve in lieu of mohgage insuronce. Lo�.c reserve
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