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<br /> S. H�d ur Pe+npwty I�oe. Borrowec �II Tceep tbe improvar�t� oow exi�tln� ar hercafter otocted on tbe
<br /> Propc�ty inwrod a��i�t lau by fire. IuzRtd�inciudod within tt�e term"cxtendod covec�e� and�ny other haLrtlt. includln�
<br /> ftood�or tlandin�, for which l.enda rnqui�w inwriuxa. fii�inwnu�oe clu1�be mAintaic�ed in the art�ounu uxl for the periods
<br /> �hat Lender requlrca.'i'hc inanrst�ce carrler providing�ho inwr�ace�ull be chocen by Bomnwer�ubJect ta l.ender'a opprovel
<br /> which�11a11 not be unreasoiwbly withheld. If&►rrower fiils lo mointain covcrage dcscritKd�bova, y.ender may. u i�ender's
<br /> opiion,obtafn covera8o to proteq l.ender't d�hta ln the Propaty in avoordance w11b pu�inph 7. ,
<br /> All inwrance policiea u�d rcnewda elwll be acaptabie to Lender and slwll include a standRtd mortg�e clw+:e. Lender
<br /> ���-_-T_� �II have the rlght to hold tha�licies ond rcnew�la If Lender requires,Barrower siwq pmmptiY�ivo w Lender�II reoeipw of -
<br /> pRid Premium�ond e�vnl noticxa.In tho event of los�. Bormwer�hall�ive pruanpt noticb to�ha inwranoe curkr md Lerider.
<br /> Leod�r may mWce proof of loss if not mode promptly by Borrower.
<br /> Unless I.ender and Bomower Whetw+isn o�ree in writing,insurance pmceeds shall be applied W restoration or[Gpair of tho
<br /> property dwnAgod.if the rcstoration or repair ia xonomically feasible And l.ender's socudty ia not lessened.If tho astoration or
<br /> _ ,c� rcpair is not 000nomically feasible or Lender'�saurity vwald be Ieasenod.Ihe inw�anoa pmcads�hell ba applied to the sums Y
<br /> eooured by this Socu�ity inst►ument. whether ur not then due. with any excess paid to Borrower. If Bornower abandar�a tl►e -
<br /> Property. or does not answer wlthin 30 dayr a nodce fram Lender thst the insuranct c�rrier has offercd ro cettfe�cieim,then
<br /> Lender may collect the insurance proatids. L.ender may use the pracads to nepair or reswro the Property or w pay sums
<br /> �eeurod by this Socurity Instrumcnt,whethcr or not then due.The 30-dey period will begin when the notice is givrn.
<br /> Unless Lender and Borrower otherwise agroe in ar�tinB. +�Y APPlicatfon of procads w principal shell not extend or
<br /> postpone tha due date of the monthly pAymentc refemed to in puegraphs 1 end 2 or change the amount of the payments.IP
<br /> w�der paregreph 21 tlie Prq�erty is acquieed by Lender, Borrower's right to any insurance policies ond pt�oceeds rewldng ftom
<br /> damege w the Properry prfor w the acquisition sliall pass w Lender to the extont of the eums securcd by thi�Saurity It�swmont
<br /> - -' immedi�tely prfor to ihc acquicition.
<br /> --� 6.Oocupancy, Preservatlad,Molntenance and Proteclbn of the Propert�y;Borrower's I.oan Application;Ixaseholda.
<br /> — Horrower shall accupy.establish.and use the PropertY as Borro�'�'er's principal residence within sixry daya after the execution of
<br /> �i this Sxurity lnstrument and shall continuo to cxcupy�he Praperry es Barrower's principal residencc for at least one ycar aRer
<br />- ---=� the date of occapanoy. unlesa Lender otherwise Agraes in wdting,which cansent sholl not be unr=asonably withheld. or unkss
<br /> ='i"�"°�� extenueting circumstances exiat which are beyond Borrower's mntml. Borrower shall not destroy. damege or impair !he
<br />- --�� Property. allow the Praperty to deterbrate,or commit waste on the Property. Borrower shall be in default if any forfeitur+e
<br /> ,,�M` 'I ectian or proceeding,whether civil or criminal.is begun that in I.ender's good faith judgment could rcsult M forfeiture of the
<br /> �;�;,;,v„�, Pr+operty or uthenvise materially impair the lien created by this Savrity Instn�ment or i.ender's security interest.Borrower mny
<br /> � cure wch a default and neinstate.au providod in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> ����{P�„., ._; i Ihat� in I.ender's good�faith determination, precludes fcxFeirore of the Barrawer's interect in the Pcoperty ar other matedal
<br /> .,�,{�;;�. , � impaimxnt of the lien created by this Secudty Instniment or Lender's securiry interest. Borrower shall also be in default if
<br /> ` �� =�r�' " "L""'' Borrower.during the laan applir.etion process, gave materially false or inaccurnte infom�ation or stetements to L.ender(or failed
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<br /> ��, l��r„�'�!µ��/� to provide I,ender with any material inforn�ation)in connection with the loan evidenced by the Note, including,but�ot Umked
<br />� •?��' '�Yr�"��1�'.1�j1.y�_/''; �
<br /> :�.��,•,� -• to,re resentations concerning Borrower s occupancy of the Property as a principal residence. If this Security Instrument is on a
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<br /> ;�"s',°�'�;'-'`"�'��, leasehold. Borrower shall comply with all the provisians oP 1he lease. If Bortower acquires fee title to the Pmperty. the
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<br /> (easehold and the fee title shall not mcrge unless I.ender agrces to the merger in wdting.
<br /> `'.�'�'^�`�•��•��� �� 7.ProtecNon ot I.ender's Rlghts In the Properly. If Borcower fails ta perForm the covenants and agreements contelned in
<br /> _ u�..�j. this Security Instrument, or there is a legal prc�ceeding that may significantly affect I.ender's rights in the Property (such as a
<br /> � ,� : proceeding in bankruptcy,probate, for condemnution ur forfeiture or to enforce laws or regulations). then Lender may do and
<br /> :•� ���° ��' : pay for whatever is necessary to protect ihe value of the Property and [.ender's righls in the Property. [.endePs actions may
<br /> � . .•"���'`���� ' include paying eny sums secured by a lien which hos prlority over this Security Instrument, appearing in court, paying
<br /> :��'�°�:;"�:�;:.:, � reagonable attorneys'fees and entering on the Property ta rtwke repairs. Although Lender mAy take action under this para�raph
<br /> �'� „-x.'':':'"�'': � 7.Lender daes not have to do so.
<br /> Y"x•':`� ". Any amounts disbursed by l.endcr under this p�+ragraph 7 shull berome addition�l debt of Borrower secured by this
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<br /> }, ,� , J,� .,: I Securlty Instrument. Unless Bonower und I.endcr uRree to other terms of payment, Ihese amounts shall bear interest from the
<br /> �"¢^y~���� '�:'• date of disbu�sement at the Note rate and shal l be payable,wi�h interest, upon naice from l.ender to L3orrower rcquestin�
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<br /> •",. ' payment.
<br /> 8.Mort�oge InsurAnce.If Lender requfred mongage insurnnce as a cnndition of muking thc loan secured by thfs 5ecurfty
<br /> "�■�[ �;:..:�r,�` � Instrument, Born�wer shall pay lhe prenilums rcx�uired to maintain the mortgagc insurunce in effect. Tf, for eny reason. the
<br /> '��'ki�'q,;,,,'�`�:'; � mortgAg�insurance rnverage required by Lender lapses or ccases to be in effect.Bonnwer shull puy the premiums required to
<br /> =_,,�;���'�:' ' obwln eoverage subalantially equivalent to the mortgage fnsumnce previously in effec�, ut a cast substantially equiv�lent to the
<br /> -•a �"- � cost to Bortower of the mortgnge insurunce previously in effext, from an ultemnte mortgage insurer approved by Lender. [f
<br /> '�� � I substantially equivtdent mortgege insurance coveruge is not uvajlable,Borrower shall p�y to Lender each month u sum equai to
<br /> ;��Y,;;,q�i one-twelfth of the yearly mortgage insurnnce premium befng paid by Borrower when the insurnnce covernge lapsed or oeased to
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<br /> . � I be in effxt.Lender wlll aceept.use and retain these p�ymente c�s a luss reserve in lieu af mohgage insurance. Los.s rcserve
<br /> Fonn 3028 WOo
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