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<br /> ::�.�v� 5. Hnz�u�d mr Pro�eerty Insnrancc. Ciarruwer shni� keep the improvcments now exieting on c�rcnftcr crccccd an the
<br /> " -`� Property insand agntnsi loss by fire, hnzAtxls includcct within the term "extended mvcmge" nnd any other haznr�s, Including
<br /> Iloods or flooding.for which Lender rcquirea insuronce.This insuruncc�hall bc malntaincd in the amounte and for ths periods
<br /> that Lender requires.Thc insumnce caririer providing the insuranre ehnli be chasen by Harrawcr subject ta l.ender's upprovu!
<br /> which xhaU nat be unmusannbly withhetd. If Barrowe�Peils to muin¢aln cavcn�ga describat nbnvc. i.endcr muy. ut l.cnder's
<br /> opltan.abwin covemge to protect I.crtder's righte in the Property in accardance with pucagrnpN 7.
<br /> �---- - All Insurauce pollcicw uad renewuls r;hall tsc:u�:ccpwbte ta Lender und rhutt iaclude n stnndard mortgAge clause. I.endcr __
<br /> shail have thc rl�ht to hold the policies und nnowalA. If Lender rcquires.Borrowcr ahsill promptly givo to I.cndc�t�,ll c�cccipt�of
<br /> '� paid premium�and renewnl notices.In tho event af toss.Bomower ehaQ Slvc pranpt natic�ro the inaumnce cnrrier and Lender.
<br /> Lender may make pcoof of loss if noi made promptly by Borrowcr.
<br /> , � Unless I.ender nnd 8arrower otherwise ngree in writin�. inFUmnce pracerda shull be npplied ta restamtipn or repuir of the
<br /> _. Propeny dumagr.d.if the�estaratton ur repair is ecortomically feusible uttd Lender's securlty is not IesAened.If the restoration ar
<br /> . repair is not ecanomicAlly feasible ar L,ender's sccudty wauld be lexsened,the insumnce pracceds shaU be Applied w the swrw -
<br /> '�'•� sccumd by this Secudty Instrument. whether or nat then due.with any excess paSd to Barrower. !f Barrawer abandons the _
<br /> Prapeny,or does nat answer within 30 days a natice from Lender that the i�suranec carrler hag offered to settle a claim, rhen
<br /> Lender mny cotlect the insurance proceeds. l.ender may use the proceais to repair or resture the Property or ta pay sums
<br /> � secumd by this Security Instniment,whether or nnt then due.The 30-day period will begin when the notice iR given.
<br /> Unless L.ender and Borrower otherwlse agree in wdttng, nny applicutton of praceeds to principal shail nat extend or
<br /> postpone the due date of the monthly puyments referrcd to in paragraphs I and 2 or change the amount of tha paymenta. If
<br /> ____ . rs'9: � undr.r psragraph?1 the Property is stcqaired by Lender.9otrower's r�ght to eny lnsurance policies and praeecYia r�dting fa+m `
<br /> �,,��;K;�: t"�:;,�.� damage to the Property prior ta the acquisition shall pass to Lender to the oxtent of the suma secured by thia SecurIty Instrument
<br /> •,, = Immediatcly prior to thc ucquisidan.
<br /> ;.�� .: �, ,�.�,' 6. Occupancy,PreservaNan,Malntenance and Protection of the Property;Borrower's I.oan Applicatton;Leaseholds.
<br /> � � : Borrower shatl occupy,establish,und use the Property as Borrower's pdnclpul msidence within sixty days after the execution of
<br /> ;� . .��. '; ,.f this Security Instrument and shaU cantinue to accupy the Propecty es Borcower's prYnclpal residence for at least one year after
<br /> • �. ' the date of accupuncy,unlcss l.ender otherwise agrees in writing. which cansent shall not be unreasonably withheld,or unless
<br /> - '" extenuatin� clrcumstances exfst which ure beyond Bonower's control. Borrower shull not destroy, dumage or lmpair the __
<br /> �, . ; , Property,allow the Properry to detertornte, or commit waste on the Property. Borrower shall be in default if any forFeiture
<br /> ' action ar proceedinb, whether civil ar criminal,is begun that in Lender's good faith jud�ment could result in forfeiture af the
<br /> �� ,; Praperty or atherwise muteriully impair the Iten created by this Security Instrument or I.enJcr's securlty interest. Borrower may —
<br /> � � . � cure such u detault und reinstate,as provided in pura�raph 18, by cuusing the acticm ar pracceding ta be dismisscxl with a ruiinb `
<br /> °` that, in Lender's good:fuith determinatian, pnxludes forteiture of the Borrower's interest jn the Property or ather materisl
<br /> ` impairment of the lfen creAted hy this Security Instrument or Lender's security interest. Bonower shall also be in default if
<br /> , Barrower,durin�the loun upplicntion process.guve mnteriully fnlse or innccurnte infarniation or statements to L.ender(or fatled -- _
<br /> to provide Lender with any muterlul informution) in rnnnectian with the loan evidenced by thc Note, Includins.but not limitecl "•'`
<br /> � ° �:�'1 to,represents►tions concerning Borrower'ti acrupancy af the Propeny as a principal residence.If this Security Instniment is on a =?-
<br /> , ' tc�.schold, Borrowcr shall compiy with nll the provi�iom of thc Icusc. if Borrawcr acquires fce tide to thc Property, thc �.,�G�
<br /> leasehold and the fec titic shull not mergc unless L.endcr agrces ta thc mcrgcr in writin�.
<br /> , 7. Protectton of I.ender•s Ri};hts in the Property.It'Bc�rrowcr fi�ils to perform the mvcnants and a�reements contained in
<br /> this Security Instrument, or them is n Iegul praceeding that may tiignificuntly uffect L.ender's rights in the Propeny(such as u
<br /> � proceeding in bankruptcy, prahutc, for conJemnution or f�rfciture i�r to enforcc laws or reguluttons),then I.ender may da nnd
<br /> puy for whatever is necezxury to protert the valuc nf'the Propeny and I.ender'. rights in the F'mpeny. I.ender's actions may
<br /> �• � include payir�g any sums sccumd by u licn which hu, priurity aver this Security instrument, appeuring in court, pAyin�
<br /> � " reasnnuble uttorneys' fceti und enterinb�m the Property t��make repuir,. Although L.cnder muy tuke uction under this parugmph
<br /> 7,I.ender does n�n huvc to do ao.
<br /> ' ', . Any umounts dishurseJ hy I.endcr undrr thi� par���:raph 7 .hull Mecomr udditionul debt of Borrower secured by this
<br /> • , Security Instrument. Unless Bnrrnwer und l.ender agrer tci�ither tenn�uf pa��nrent,the.e umaunts �hal! beur interest from the
<br /> ' Jate of disbursenxnt at thc Notc rutr and �hail hc puyabir, with intcn+t, u�xm nnticc f're�m [,endcr to 8orrower requesting
<br /> pi�yment.
<br /> " 8. Mortge�e Insurance. If I.rndrr rryuired nwrtgugc in.urance a.u rcmditi�m uf mukin�thr loan secured by this Security
<br /> � Instrument. &irrc�e•cr tihall pay thc prcmiunu rcyuirrd t�� maintain thr nu�rt�;a�;r incur,incc in effcct. If. fc�r uny rcason, thc
<br /> nu�rtgugc inwranrc ro��criigc requircd h�� l.cndcr lap�r���r rcutir� tu hc in cftcct. Hnrrowrr�hull pay thc prcmiums rcyuircd to
<br /> obtain riweragc�ub+tantially equivtilent a�th��m��rtguge irnurarrc�pre�iau�ly in ct'tcct.at u cutit aubstantially equivulent to the
<br /> rc�st to &,rr���vrr uf thc m�mgagc insuranrc prcviuu.ly in effcrt. fram an ultrrnate mungag� in.urcr appravrd by l.rndcr. If
<br /> �uh�tantially eyuiralcnt mortgugc insuramcr rin•crugr i.nut ci�•uilahlr. Burru�ccr.h:�ll ru�•ti�I.cndcr ctirh manth u.utn cyuul t��
<br /> ' onc-nvcUth of thc ycarly mortgagc insurtmrr premium hring puid b� Burru�ver a•hen thr intiuranre rovcrugc lap�ed ur ccu+util t<�
<br /> , hc in rt'tect. l.rnder N•ill arrept.u�r:�nJ retuin thc�c pa)mrnt�a. a�a.. rr.rr�c in liru af m��rtgagr imuranre. Lo�� rcxrrvc
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<br /> Form 3028 8190
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