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<br /> S. }lax�rd ur property I�. Borrower�t�all Iceep !he improvement� mw extuin� or haeafkr trocted on the
<br /> Pcopetty inwred yrfnst lou by firc. h�z�r'd�included wilhin the term "oztended roven�e"u�d�ny othor h�uranl�, iricludin�
<br /> flood�ar floodin�,for whirh Lencier requira inwrence. 'Chis inwr�utce�ull be nµintrined in the wr�ounts md far the periudt
<br /> that I,,ende�royuira. The insunuue caurier providin�the insuranoe stWl bc chc►�en by Barrower wbjoct to Lender'r�pprovd
<br /> which �II �wt bc unre�uombly wlthheld. if Borrower fxfla to m�inWn rnven�e dex;ribod�bove, Laukr may, �t L.aidCr'�
<br /> option.obtoin covemge to protxt l.eixier'�rights In tho Property in acrnrdance with ptrygraph 7.
<br /> All insunnce palicks �ux! renew�ls�1WI be auceptable to Ixnder ud YhaU include a uu�rd mort�Qe clauu. I.ender
<br /> _ �-_ -- __� vhxll have tl�right in ixdd the pnHcfex and renewd�:.If La�der requirc�,8nrrower xlwll promptly give W L.enJer al)rccsipta oP
<br /> p�id prcmiums und rcncw�l noticec.In thc event of loss, &►mower s�il�ive prompt notive to the in�wnu�oe carrier rrd L�ncia�.
<br /> I.,ender nu�y nwkc pmnf af tosc if not nwde promptly by Borrower.
<br /> Unless Lcnder and 8onower atherwise agroc in wriiing. ir►surance proceods�hall t+e appliod ro restoration o�repair of the
<br /> Property damagal,if the nestaration or repa�ir is cconom�cally feusibk md Lender's isccurity is not less�ned. If the restoration or
<br /> repair is n�t economfc�lly feasible ar I.ender's security would be lessenod, the insurunre pr<xroods shall be xpplied to the sums
<br /> —_____��.� �ecured by this Security Instrument, whether or not then due, with any ezcess paid ta 8orrower. If Horrower abandons the
<br /> Property,or daes not Answer within 30 duys a naice from Lender thut the insurance cxrrier h�.s offered to settie a daim, then
<br /> - L.ender may collect the insurance proceeds. Lender may use the proceeds ta repair or mstore the Property or to pay sums
<br /> secured by this Security Instrument,whether or not then due. 'fhe 30-day pednd will begin wlxn the nc�tice is given.
<br /> Unless Ixnder and Borrawer otherwlse agrce in writing, any applicution of proceods to principal shall not exttnc! ar
<br /> postponc thc due date of the mon[hly paymcnts referred to in paragraphs 1 and 2 ar cl�su�ga the amount of the payments. If
<br /> urxicr puragr.►ph 21 the Praperty is acquirod by Lerxlcr. Borrower's r�ght to any insurance policies and proceeds resulting from
<br /> damagc to thc Propeny prior to the ucquisitian shal! pass to Lender to the cxtcnt of the sums secured by this Security inFt�ument
<br /> ?r • �.�"� immaiiatcly prior to the acquisitian.
<br /> ..}., ... ,., � � 6. Occupancy,Pre�ervAdon,119s►intens�nce and Prc►tection of the Property; Borrower's Loan AppBcatfon;I.wseholds.
<br /> �. " . .�l::r;' Borrawer shall occ�upy,establish,and ure the Property as Borrower's principal residence within sixty days after the execution of
<br /> ����;,:��:,��;„5• ' this Securicy lmtrument and shull continue to cxcupy the Property as Borrower's principal residence for at least one yrar aftr.r
<br /> z ���?�' ` the date of orcupuncy, unless[.ender atherwise agrees in writing, which consent shall not be unreasonably withhefd,or unless
<br /> :�;�;;-.�"`�. extenuatinF circumstances exist which are beyond Borrower's caniml. Borrower shall not destroy, damage or Impair the
<br /> f;�;�,,;'.� . - ' Pmperty.aU��w thc Property to deteriorate, or commit wastc on the Property. Borrower shall be in dcfault if any forfeiture
<br /> . uctinn or pruceeding, whether civil or criminal. is hc;gun thut in Lender's gaxi faith judgment cauld result in forfeiture of the
<br /> ' Property or otherwise mnterially impair the lien crc:ited by this Security Instrument or i.ender's security interest. Borrower may
<br /> cure such u default and reinstate,ati provided in paragraph 18.by causing the actinn or proceedin�to be dismissed with a culing
<br /> -. . • �-•�' ------ thut, ist Ler�er's g��faith detc�tn'iqnti�m, preclucle� f�rfeiture nf the Hor�owcr's inte�est in thc Property or other mnterial
<br /> imp•rirmcnt of thc lien crc:ttcd by this Sccurity Instrument or L.endcr's sccurity intcrest. Borrowcr shall also be in default if
<br /> •I�^���, Burrower,during the loan applicution proces.,gave materially fulse or inuccurute infnnnation ar statements to Lender(or laeled
<br /> . a�prrnidc Lenderµ•ith any matcrial infarmution)in conncctiun with thc loun cvidenced by the Note, encludiog.bot no��imitcd
<br /> to,representatie�ns cnnreming B��rrower'x��ccupanry of the Prnperty as x principal re�iJence.lf this Security Instrument iti on u
<br /> Iea.eh��ld, ficirrower �hall comply with uU the prcwision. i�f the leasr. if Bnrcower acquires fee tide to the Property. the
<br /> IcuscholJ a�d thc fcc titic tihall not mcrgc unlcs, Lcndcr ugrces to the mcrgcr in writing.
<br /> • 7.1'rotection of I.ender's Ri�hts in the Praperty. If Bc�rrower fails to perfurm the covenants and agrecments cantuined in
<br /> dii.Sccurity Imtrwnent,or there is a Ir�al prorceding that may �ignifirantly affect I.ender's ri�hts in the Property(such ac a
<br /> �i prcxccJing in bankruptcy, prabatr, tiir rundcmnaii�in or ti�rfciturc or to cnforcr law�ur rcgul�tions), then Lcndcr may do and
<br /> :-r . puy tirr whatevcr i�ncce+.ary tc�protert the vulue of the PrciExny anJ Lendrr'. rights in the Property. I.ender's actions may
<br /> ° inrluJc paying any� sums ticcurcd by a licn whirh ha. priurity ovrr this Sccurity In�t�ument, appwring in rourt, paying
<br /> rcaumublc attornrys' tcc,anJ rntcring an thc Pruprrry to makc repair.. Although Lcndcr may tukc uction undcr this paragraph
<br /> 7. I.cndcr d�ks nut havc tu d��w.
<br /> Any amounts dishur,cJ by Lrodrr unJrr Ihi, paragraph 7 .hall bramie .�JJiti��n:d dcM ��f &�rrower �ecureJ by this
<br /> Securiry In�trumrnt. Unlcti�Borrowcr and Lcndrr agrcr tu��thcr tcrnu��t'paymrnt, thc,r am��unt.,hal� bcar intcrc,t from thc
<br /> datc of dishurtirnxnt at thr N��tc ratc and �hall h� payahlc. �vith intcrc�t, upun nuticr f'rom Lxi�lrr to Borrawcr requcsting
<br /> paymrnt.
<br /> S. 111ortfiu�c Invuruncc. It'I.cndcr rcyuir��ni�ttlga�:r i�uur:�nrr a.a runditiun ut'mukin�thc laan ucureJ by thi+Sccurity
<br /> . Imtrumcnt. Bnrrux•cr .hall pay thr prcmium� reyuircJ tu maintain thr mnrtgagc inwranre in �ffcct. If. tiir any rcau�n. thc
<br /> • mong��:e imurunrc r����er:i�!�rryuir�d h�• LenJrr I:►p+r.or rcatir�to he in effect. $��rrcia•rr .hall pay thc premium.reyuireJ to
<br /> . uhtain cnvcrugr .uh,tanliall}•rquivalcnt tu tlu mortgagr inwranrc prrviuu,l�• in rffrrt.at a cnct ,uh�t.mtially cyuivulrnt to thc
<br /> ' r�»t te� Borrowrr nf thc murt�agr in.uranrr prr�i��u.l�• in cticrt. Irutn an altern:rt� m�ut�.age inwr�r appru�•cd by Lendcr. If
<br /> �. .uh+tantially cyuiealcnt nu,rtgagr in.ui:inrr ruvrr:��r i� nut a�•ailahl�. Hurru��rr tihall pay to Lcn�trr carh nwnth a,um cyual to
<br /> , une-twrUth ul'thc)�arl�m�utgagc in.urancr prcmium hring paiJ h� liurr���err��hcn thr in�uranrc a��•cr.igc lap+cJ ur ccu�cd to
<br /> � Nc in effcrt. [.rnden►•ill arcept. u.e and rM.�in thc�r paymrnt�a, a li,,. rr,cr��in licu ��C murtgagr in+urunrr. Lu» reti�rve
<br /> Form 3028 9l90
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