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<br /> S. lia:trd or Propa'ly Inwriu�ee. Borrower slull kxp the imp�avenxntc now exiuing or hereAfter erectod on the
<br /> Properiy iruurod��inst lors by fire, tuir�rcic included within the�em�"ezte�xlal cuveruge"�nd any other luuardc, includinQ
<br /> , Aaods ur floodiny, for which Lendar roquires insurance.Thi�iruurrnce xlwll be rn�intainod in the amounts iu�d Pitt the peciod�
<br /> tFuit I.ender ra{uires.The inwrar�ce carrier providing �he in�urwue uFwll t►e chosen by &�rrower wbject tn Lender's a�proval
<br /> which tilwll not be unrcasn�wbly withheld. If&�rrowcr fxils to mdntain covcragc dcKribcd above. Lcndcr moy,�t Le�xfer'a
<br /> option.uLtain covera�e ta protect Lender'r ri�htb in the Prc�erty in�ccardwue wlth pwrngn�ph 7.
<br /> _ __ All inwrance pc�licie�wx! renewxls shall Me ucceptable to l.ender�nJ �hull include �standard mr►rtg�ge clpuce. IxnJer
<br /> r -----� shAll have the dght so hold thr policies and renewyls. If'[.endcr require�,Horrower�halt prumptly give to l.ender�II rcccipcs of
<br /> paid premiu►nc and rencw�l notic�cs.In the event of la�s.�armwer shall give prompt naticc to the inwnuwe wrrier ud Lender.
<br /> Lender m•ry m:ake praof of loss if rat madc promptly by&irrower.
<br /> Unless l.ender and Bomnwer othcrwise agroe In writing,insuraice procceds shall be appliod to restoruion or repair of thc
<br /> Property danwged,if the restoration or repair is econamicAlly ftasible and Lender's security is not Iessenod.If the rcstor�tion or
<br /> -- rcpair is not economica:ly feasible o�L.ende�'s security would t�e Icssenai. the insurance procoods shull be nppliod to the sunu
<br /> secur�d by this Security Instrument, whether or �x+t then due, with any excess paid to Borrower. If Borrower abandons the
<br /> Property,or dces not unswcr within 30 days a notice from L.ender that thc inaurencc carrler tws offerod to settle a claim, then
<br /> L.ender may collect the insurance prococds. l.ender rn�y use the prcxoeds to repair or restore the Property or to pay sums
<br /> securod by this Security Instcument,whether or not the�dua The 30�day period will begin when the nottce is given.
<br /> Unless L.ender wul Bnrrower otherwise agree in writing, any appli�don of procceds to principal shall not extend or
<br /> _.� � postpone thc due datc of the monthly payments referred ta in paragraphs 1 und 2 nr changc the amount of the payments. lf
<br /> -- - under parngraph 21 the Property is acquired by I..cnder,�orrawer's right to any insurance poltcies and procaxis nwtting from
<br /> -� damage ta the Property prin�to the acquisition shall pass to Lender to the extent af the sums secural by this Secur�ry Lnstrument
<br /> immediately prior to the acquisition.
<br /> - 6.Occu{wncy. PreFervation,MaintenAnce and Protection otthe Property; Borrower's Loan Applic�tion;Len.seholds.
<br /> Borrower shall accupy.establish.�nd use the Property as BoROwer's principal residenee within sixty days aRer the exaution of
<br /> this Seeurity In�tn►rnent and shall cantinue to occupy the Property ac Borrower's principal residenee for at Ieast one year aRer
<br /> � the date of accupancy,unless Lervler otherwise agrees in writing,which cotuent shall not be unreasonably withheld. ur unless
<br /> extenuating circumtitances exist which ure beyond Borrower's control. Borrower sh:�ll not destroy, damage o� impair the
<br /> Property, ullow the Prapeny to dcteriorate, or commit wuste on the Property. Borrowcr shall be in default if any forfciturc
<br /> �fi action or prc�ceeding,whether civil or criminal, is begun that in I.ender's good faith judgment could result in forfeiture of the
<br /> �._ "t ,�. Pmperty or othcrwise matcrially impair the licn crcatcd by this Sccurity Instrument or Lendcr's security interest.Borrower may
<br /> cure such a defuult and reinstate,as provided in paragraph 18, by causing the action or proceeding to be dismissal with a ruling
<br /> �?;*;"�'��"R'�-''r''' that, in L.ender's gcxxi faith detennination, precludes fori'eiture of the Borrower's interest in the Propeny or cxher material
<br /> '"`"``�:"`t��,'• "'`' impairment of the lien creatod by this Securiry Instrument or Lender's securiry interest. Corrower shall also be'in default If
<br /> _•;; �• :,�;���;, &►rrower,durinF thc loun application praess,guve materially false or inaccurate information or stt►tements to l.ender(or failed
<br /> `;��; to provide [.ender with uny material information)in connection with the loan evidenced by the Notc,ineiuding,but not limited
<br /> � to, representations concerning Borrower's occupancy of the Prc►perty as a principul msidence.If this Securiry[nctniment is on a
<br /> leasehold, &►rrower shall cumply with aU thc prirvi�iom of the lea,e. If Iiorrower acquires fee tltte to the Propeny. the
<br /> , Ieasehold und the fee tidc�hall not mcrge unletis Lcncler agrces to the mcrger in writing. �
<br /> - , • 7.ProteeUcx►af I.ender'y Rlfihts in the Properly.If Borrower fAils to perform the crnenants and agreements contained in
<br /> = • this Security lnstm�roent, or ther�is a Ie�al prcxeedin}�that muy significuntly affect l.ender's rights in the Propeny (such a�a
<br /> – t . � procccding in bankeuptcy,prabate, for candcmnation or tiirfriturc or to enforcc luws�x regulations), then L.cnder may do and `
<br /> �. � pay for whatever is necetiwry to protcct thc vrluc of thr Prupcny and ixnder's rights in the Propcny. l.endcr's actions may =
<br /> inctudc paying any sums securcd by u li�n which hu. priurity over thix Security ln,trument, appeuring in court, prying
<br /> reatic+nuble auorncyti fces and entering on thc Property to makr repairs.Although Lr.nder m�y take action under this paragraph –_
<br /> • 7,l.ender does nnt h•rvc tn do so. --
<br /> Any amouniti ditiburkJ by IAndcr undcr thi, p�rugr•rph 7 ,h:►ll hc�onu udditiuna�l dcht of Borrowcr se�:ured by this �-,-
<br /> Security InstrunKnt. Unlc++ &�rrowcr unJ lxndcr agrrr to�uhrr tcrm.ol'paymcnt, chcu �mounts shall bcar interest from the –
<br /> date of disbursc:ment ut thc Ni�tr rutc unJ ,hall tx pxyahle, with mterc+t, up�m notire t'r��m Lender to Borrower requesting –
<br /> payntcnt. �
<br /> ° ' 8.Dtort�a�e Insurnnce. If Lc�xlrr rcyuircd martgagr inwra�xc a�a runditinn of making the loan secured by this Security =.-
<br /> Imtrument. Bnrr��wcr +hull pu�• thr prcmiunu rrquircd tu maintain thc mortgaFc inyurancc in cffect. If, for any rca.wn, thc —
<br /> ; mimgagc imu�a►x•c covcragr rcyuircd h� I.rndrr lapticti or ccasc�tn tx in rtfut. B��rruwrr�hull pay thc premiums rryuiral t� �:
<br /> . � obrrin covcrrgc whtitunti•rlly cyuivulcnt to thc mungagr in+uranrr prcvi��u.ly in rffrct, :it a cc�,t suhstuntiully cquivulent co thc !
<br /> ri�,t tu &mowcr��f thc nx,rtgag¢ inwranrc prcciuu�ly in �tlict. fn�m an altematr mungage insurer upprov�d by L.endcr. If �,
<br /> ,ub,tantially cyuivulcnt murtgagc in�uraihr covrragc i.nut a�•ailabk. F3�rrrowcr�hall pay tu l.�ndcr earh nwnth u sum cyual to —
<br /> �mr•twcllth i�T thc ycarl�• murtgage in,uranrr prcmium tking paid hy E��rrowc�whcn thr imurancc cuvcrugc lap.ud o�ccaa��d to ��
<br /> �" . � lk in rffcct.Lcnder will arrcpt.u.c and retaiu thr+r paymcnt,u+ a lu�� r��crve in lieu iif•murtgagc in�urance. Lo�ti rrxrvc �_:.
<br /> ' Form 3028 91p0 �
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