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<br /> !. 11�awd or lrrpwty Iw�ra�te. Barrower rhall iceep the improvanaitx row ezist�n� or here�tter erocted on d�e
<br /> p��Y �+'� �Y+��law by tae.I�ards iacluded wllhin Ihe term"acla�xled cover�e" md �ny alher t�wrd�. iacludi�
<br /> Ik�od�or tloodin�.(ur which Londer requlre� iawra�oe. This iawrmoe�Iwil be m�ltwainxi in the ur�ounts�adi for ehe porjod�.
<br /> Ih�t Iwrder roquira.Tho inwranoe curia paavidin�thc Inaur�oe�F�+dl ba chasn by 8omower wbjax to I.erda'i�pprova!
<br /> which�hrll not be unr�oucxrbly wlttiheld. If Borrower fillt to nWtMain a►ven�e dacdbad above. �.euder a�y,�t Lmdx'�
<br /> option,obtain mven�e�a prc�tact Lender'9 a�bu in the l�npeny in�oco�riana with pan�r�ph 7.
<br /> All inwnnoe�wlicks arwl m�ewd� ihdl be a�ble w L.ender and shall include• uandard mort�e cJwse. Leoder
<br /> dudl hrvc the d�ht to hold ihe polkia wd rcnewr�lc.If I.a�er roquircs,fiortr�wer shall promptly give w Leader dl roceipts of
<br /> Y prW prc�r+iumi�nd rcnewal ratioa,In thc eveot of lasc. Borrower�liall�ivr pronyx notla to the inaurar�ce curier�u�d lender•
<br /> Le�xler m�y m�ke proof of locs if not m�de promptly by Bar+ower.
<br /> Unlexs I.end��w�d 8amower othenvise�grx in wridng.insurAnre proceodr shall be�pplied to rcstontion or rep4ir of the
<br /> Propeny danu�al,if the rcstoratian or rcpair is ecunorr�fcally kasible and Lende�'s sauriry is not lessenai. If the rcstontion or
<br /> rcpQir iti n�K economicYlty fwsible or Lender'a security would be lessened.the insuranre pnxbeds shall be appliod to the sume
<br /> socurcd by this Socu�ity lnstrumrnt. whether or not then due, with �ury excess pwid tu Borrower. If Borrower�ba�onc the
<br /> Prr�peny,or das not anewer within 30 dayc a notice from I.ertder ths►t thc insurance carrier has afferod to nettte a claim. then
<br /> Lender rnxy collext the insurance procxds. L.ender may ure the proceals to repair or restorc the Propeny or to pay sums
<br /> iecurcd by this Securlty(nstrument,whether or not ttxn duc. Thc 30-day peric�d will begin when the notice is given.
<br /> (Inless l.ende�w�d Borcawer c�thenvise �grce in writing, any applicatiun of praYOds to prfncipai stwll rot extend ar
<br /> pastpone thc due dutc af thc monlhly payr►�nts rcfcrrod ro in paragraphs i and 2 or chrnge the amouot of the payments. If
<br /> - under paragraph 2I the Property is acquired by Lender, Borrower'c right to any insucance policies and procoods rewlting from
<br /> - damage tn the Property pr�or m the Acquixition shall pass to L.ender to the extent of the suma seturod by this Sccurity Inttrument
<br /> �- inut�ediutely pdor to the acquisition.
<br /> 6.Occuppncy.Pre�crvation�Malntemnce And Protectian ot the R+operty;Borrower's LoAn ApplicAtbn;I.ea:ef�old�.
<br /> Borrower shaU occupy, est�blish,and use the Property as Borrower's principal residence within sixty days after tit�execution of
<br /> � ,, this Securlty Instrument u�d shall mruinue to occupy the Property as BoROwer's principal residence for at least one yeu after
<br /> thc dute of accupuncy, unless Lender otherwise a�rees in writing. which consent shall not be unreasonably withheld.or unless
<br /> extenuating circumstunc� exist which ure beyand Borrower'� control. Borcower shall not destroy. damage or impair the
<br /> Property, allow thc Pruprrty tn detcri��ratc, or commit w�cte on the Property. Borrower shall be in default if any forfeltui�
<br /> action ar prucoeding, whether civil or criminal,is begun that in Lender's good fuith judgment could result in forfeiture of the
<br /> � � Property ar otherwise materially impair the lien cre•rted by this Sccurity Instrument or Lxnder's security interest. Borrower mxy
<br /> cure�uch u defanit and reinstate,as providcd in puragrciph 18,by causing the action or procceding to be dismissed with a ruling
<br /> . that, in Lender's goad faith dctem�ir�tion, praludes f�deiwre of the Borrower's interat in the Propeny or other material
<br /> ����•- impairment of the licn creat�by this Security In.rtrument.�r L,ender's security interest.Borrower shall also be in default if
<br /> ✓�j,r�?�',•,�_,. ..a;+;:�
<br /> �:�:•»�,,.�,,;.,:_,•r Borrower,during the toan applicution prckess, gavc mutcrially false or inaccurate information or statements to L.ender(or failed
<br /> � •��`=•:�••„w�;•3,•'•..;, to provide Lender with any nmteri�l info�mationl in connxtion with the I�n evidenced by the Note,including, but not limitad
<br /> '"-�, . '"", to,representatians conceming Barrower's occupancy of the Property as a princip•rl residence. If this Security Instrument is on a
<br /> '��;� ' � • • lcasehold, &irrower shall comply with utl the provisians of the Iease. If Burmwer acquires fee title to the Property. the
<br />-- � leasehold and the fcc title shall not mcrgc unlctiti[.e�ndcr agrces to thc rrkrgcr in writing.
<br /> - 'S- -•.• •• :�••,.;` 7.Protectlon o[I.ender's Itlghts in the Property. if Bcmower f:�ils to perform the cmenants and agreements contained�n
<br /> � ' •
<br /> .�r,+. •- -,-.;a��.• tbis Security Instrun�ent,or there is :�IeFul pr�xe��ling that may xignificantly atfect I.ender's rights in the Property (such as a
<br /> �:.. , '", - pnxeeding in bankruptry, prcibate,for cunciemnation or forteimrc or to enforce law�o�regulations), then [.encie�may do and
<br /> ��r pay far whatever is necesr:�ry tc>prote�t the vrlue��t'thr Propeny and Lender's rights in the Property. Lender's actions may
<br /> "t� include paying any tiumti recured by U lien which has prioriry uvrr thi+ Serurity Instrument. appe:►ring in murt, puying
<br /> �� rea,onable attomeys'fi�es arxl cntering on the Property to makc mpain.Although l.endcr muy take uction under this p:►t�graph
<br /> . � 7, l.endcr docs nut havc to do so.
<br /> ° Any amuuntx disbursed by I.endrr undrr thiti paraFraph 7 �hall heromc •rddition•rl debt of Bormwer scrurod by this
<br /> • Security Inxtrument. Unlesti Borrowcr und LcnJer ugrcc to uthcr trrmti i�f paynunt,thcu umounts sh•rll t►ear intcrest fram the
<br /> � date of disbur.cemcnt at the Note rate und +hall be payablr, with interest, u}xm notire frum Lender to Barrower requesting
<br /> �,, payment.
<br /> "�L• 8. Rlart�A�e insur�nce.It'Lcnctcr rcyuir�d rnurlgagc insuranre ati a ronJitiun of'making thc loan secured by this Sccurity
<br /> „ • In�trument, &�rrower tihall pay the premium� rcyuircJ ta niaintain the mc�n�age imurance in cffect. If, fiir uny reax�n, the
<br /> mort�agc insuranrc cavcragc reyuirrJ hy IAn�icr lupur urcc•rx�s to tx�in cffcrt.Burruwcr�hall pay the prcmiums rcquirc�d to
<br /> ' � �` ohtain covcruge rubtituntiuUy cyuivalent t<i the mongagr insuranrc prrvi�iusly in eft�Yt, ut u rotit suh�tantially cyuivalent tn the
<br /> ��>:�.
<br /> cotit to Bonower af thc mortguge insur;mrc previously in rficrt, I'rum an ultrmatc mm�gagc intiurcr •rpproved by Lcnder. If
<br /> '�s �ub�trntially eyuivalent mcirtga�:c in�urancc co�•crugc i. ncx a�•ailahle. Burrc�w•rr�hall pay to [.endcr rarh mimth a.um cqual to
<br /> ;'fi.; � ! cmc-twclfth af thc yc,irly murtgagc insurancc premiurn hcin� paid h�•Bi�rcowcr Hhrn thc imurance cuvcragr lapy��l or rca.rd to
<br /> , '" : � he in eftcct. Lender will accept, u+e unJ retuin th�tie payments u. .►I��.� rc�crve in lieu of mortgage in.ur�ncc. l.a,. re.erve
<br /> �.,.
<br /> �,� " ' Form 3028 9180
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