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<br /> S. Hwrd ar Pt+n�wty iwranoe. Bomnwer�hall koop tbe Improvornent� rov�� or'f�erdR��od on thc
<br /> PropenY inwrcd a�l�ut lur�by fire, hararda included wlthin the term"extendod oover�ge"and�ury other h�rdc. inctuding
<br /> tloods or Ooodin�,for which Lendser requircs inwranoe.Thi:inwcan�x:hal!be maintainod in�he�mounts wd fw the periods
<br /> that l.ender requira. The inwrance curier providing the inwrar�ce�hall he chosen by dorrawer wbJxt to L.ender'�approvd
<br /> which�hall not be unreruon�bly withheld. If Bnrrower fails to mainwin cove�ye descrlbod ubove, Li:rnkr m�y. �t L.e�der'�
<br /> optlon,obtuin covernge ta protect Lender's rights in the Pruperty ln�ecordunce wlth parugraph 7.
<br /> All insurancc policics ud renewds dwll be aoapqble to I.�nder u�d shnll includc a styndnrd mortQa�c cl�use. Ixnder
<br /> shnll havc the rlght to hold the policies and renewals.If Lender roquires,Borrower shall promptly give to Letder all roafpts of
<br /> - — paid pcemiums and rcnewal notias. In the eveat of low.Borrower shall�ive prompt notice to the insuntut carrier u�d l�en�lec.
<br /> Lender tnay mttke proof of loss if not made promptly by Borrower.
<br /> Unless Ler�der a.nd Borrower wherwisa agroc in wrtting,irusurance procEoeds shall be applied to restoration or cepair of the
<br /> Property d�ged.if the restors►tion o�repair is economically feASible and Lender's sa:urity ia not lessened.If the cestoruion or —
<br /> repalr is not eoonomically feasible or Lender's security would be lescenod.the insuranoc pracoods chrll be applied to the wms
<br /> securcd by this Security Instrument. whethcr or not thcn duc, wtth �ny oxcess paid to Barrower. If Bomnwer abandotu the
<br /> Pmperty,or doos not answer withm 30 days�notice from Lender that the insurance carrier has offerod ta setde A claim.tlxn
<br /> l.ender may oolloct the insurance prcxoeds. Lender may use the poocaeds ta rcpstir or nstare the Property or to pay sums
<br /> securod by this Security Instrument.whether or not then due.The 30-day period will begin when tho natice is given.
<br /> Unless Lender and Borrower otherwisc agrec in writing. eny application of praceeds to principal shall not extcnd or
<br /> ' postpone the duc datc of thc monthly payments refcrrod to in par�graphs i and 2 or changc the anwunt of the payments. If
<br /> '.` under pYragraph 21 the Property is acquirod by Ixnder. Borrower's right to any insurance policia and proa�ods rcsulting from
<br /> � dartwge to the Praperty prior to the acquisitian siwll pACS ro Lender to the extent of the sums socured by this Socurity lnstrument _
<br /> ^--'�%'`"'=- immediately prior to the acquisition.
<br /> • "'�^��"'� � 6.Oaup�ncy,Freservatton�Mointen�nce wnd Protection ot the Property;Borrwwer's I.own ApplicAtion;I.easelwlds.
<br /> ..•t`'''�t' " Borrower shall occupy,establish,and uu thc Praperty as Bonower's principal rcsidence within sixty days after the execution of
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<br />- m,-4�.: - -. this Security Instrument and shall continue ta occupy the Praperty�.+Horrower's principal residence for at least one year after
<br /> ° ��`� the datc of occupancy, unless l.ender otherwisc agrees in writin , which consent shalf not nreasonabl wfth eld or unless
<br /> :�^. •- • , � extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impzir the
<br /> • •� � �. Property. allow the Property to deteriorute, or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> ' � actio�ar pracc�eding, whether civil or criminal, is begun that in l.e�der's good faith judgment could result in forfeiture of the
<br /> r�j,.�,,�...,,.•:: � Property or atherwise muterially impair the lien creatc�by this Security In trument or L.ender's Securiry interest. Borrower may
<br /> , . ., cure such a default and reinstate,us provtded in paragrrph 18,by causing the action or proccxding to be dismissed with a ruling
<br /> .,�. .._�_. ___, ' � that, in Lender's good faith determinution, precludes fo�feiture of the Borrowcr's intercst in thc Property or oiher material
<br /> •• impairtnent of the lien created by this Scxuriry instrument or L.ender's security interest. Borrower shall also be in dafault if
<br /> Borrower,during the loan application process,gave materially false or inaccurate inform�tion or statements to I.ender(or failed
<br /> . to provide Lender with any material inforniation)in connection with the loan evidenccd by the Note,including,but nat limited =
<br /> to,representations c�ncerning Borrower's accupancy of the Property as a principal residence.If this Security[nstrument is on a —"'
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<br /> Ieasehold, Borrower shall comply with all the provisionx of thc lease. [f Borrower acquires fee title to the Propeny. the _
<br /> . s leaschold and the fee titic shail nut mcrgc unless Lc►xicr agrceti to thc mcrger in writing.
<br /> -' . 7.Protection of I.ender's RiRht�in the Property.If Borrowcr fails to perform the mven:►nts and agrecments wntainod in
<br /> �,- this Security Instrumen4 or there is a Iegal prcxeeding that muy significanNy uffect Le�xlcr's rights in the Property(such as a =-
<br /> _ . �- procceding in bankruptcy,probate, tor condemnatiun or fi�rfciture or to cnforrc laws ar regulatirn►ti),then I.ender may do and �'
<br /> •' .. � pay for w�hatever is necessury tn pr<itert the v;�lue uf thr Property and I.cnder's rights in thc Pmperty. Lender's actions may '9
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