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<br /> .- S, �a�.ard or Praperty Insurnnce. Borrower shali kesp the impmvemente riow ellbf�'g or heR�[���on the
<br /> Property insured t�ninst loss by fire,haznrdR lncluded withfn the tenn "extendcd covernge"nnd any athor hnznrds. including
<br /> floodR ur flaodtng.for wh{ch L.ender requires Insurance.fhis insurnnce ahull t�e muintained in tha anounte uud Par tho per�oda
<br /> thas Lender requircw.Ttia insurance cArrier providing tho ingurnnce shull be chosen by�8arrower eubject to Lender'g approvel
<br /> which shuli not be unreusonably withhetd. If 8orrower follR ta maintain covemgc dcssribcd abave. I.ender may, at 1.en�cr's
<br /> -, .. ----.. .__.. . -• -- -- ...
<br /> r;� _ optton,obtain coveruge to ptntect LenQer's dght�in the Yrapecty in accordanca with paragrap .
<br /> -� -- ___—� Ali insurance paiicics and rene�rut�shnll b�acceptable to I.ender and ahal! include a standerd mortguge clause. Lender
<br /> shell have tha rlght to hold the polFcies and renewuls.If I.ender requit+es.Borrower shall promptly give to L.ender all receipts of c
<br /> '�, paid premIums and renewal nodces.In the event of loss,Borrower sh�ll give prompt notice to the insurance caaler nnd i.ender.
<br /> `� f' I,ender may mako praof of loss if not mado promptly by Borrower.
<br /> Unless Lender and Borruwer othenvise a�r�.e in wrlting,insurance pmcc�xls sha1Q be applied to restoration or repair af tha
<br />= Property damaged.if che restoration or c�epair is economfcally feasible artd I.ender's secudry ia aot lessened.If tha resWratfon or _
<br /> . repair!s not ecanomfa►lly feASible or I.ender's secudty wouid be le�ened,the insurence pmeeecia shall be applied to the sums �___,_,_�
<br /> . . secured by thia Secur�ty Instrument. whether or not then due. with any excess paid to Boaower. If Borrower abandons the '_
<br /> ,- ��'�� .,�ca Properly. ar does not answer within 30 days a rtotice from Lender that the insutance carrler has offered to settle a claim. then --
<br /> ; �+;;,r� '�i•..� Lender may colle�t the insurance praceeds. Lender may use the proceeds to repair ar restore the Property or to pay aums —
<br /> '�;�'• '';;�h.ti;�� secured by this Secu dry I n suument,w he t her or no t t hen due.T h e 3 0-d a y p e r i a d w U l b e g i n w h e n t h e noticc is�Given. __
<br /> + �G{:wa� + r�,`�' Unless L.ender and Borrower otherwlse agree in writIng, any applicat[on of proceeds to pdncipal shall not extend or ___
<br /> �� w�.��k��,ir
<br /> :��;.���°`-,:'<<.�' postpone the due datc of the monthly paymenta refened tu in paragraphs 1 and 2 or change the amount of the payments. If —_
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<br /> :i under parasreph 21 the Pmperry is acquired by L.ender.8urrowee's right to any insurance pa{icics and proceeda resulting from �--- � _
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<br /> � ��•�--'--" demage to the Yroperty pnor to the acquisitian aheli pass eo Lender co�he exeent of che auma r,ecurui by ii�ia Scxurity f��nt�umrut �—�----
<br /> ' ' f� � ' immediately pdor to the acquisitian. 'uR• --
<br /> 6.Occupancy,Preservation, Maintenance end Protectton of the Property;Sarrnwer's ie►an Applicationi I.�tusehold9. ;�_-
<br /> ° , � ' Barrc�wer shnil accupy, cwtabliah,and uFe thc Praperty ug Borrawcr's prittcipul re�►idence wlthin sixty days aRer the exccutlan of � :,�u'�.,
<br /> thia Security(nr�trumcnt unJ xhull continue to uccu the Pm rt �u�8c�rrower's rin�.i ul rc�idcncc fi�r ut Ieust ane car aRcr � _��•°
<br /> PY Pe Y P P Y -�.
<br /> ' ' the dute�f�xrupuney, unlexs l.endor atherwir;e ugrees in writing. which ecrosent xhull not he unreu�cmubly withheld,ar unierw ��.f�=
<br /> „ ' cxtenunting circumxtanrex exixt whirh urc bcyc►nd &nr�iwcr'r+ cunvo l. Horrowcr xhuii nrn dextrny, duma gc ur im p uir thc ;,+�'�-
<br /> Prapccty, ulluw thc Pniperty ti•dctcriorute, ��r commit wustc�►n thc Pn►perty. Hnrn►wcr tihnll bc in dcfuult if uny fnrfciturc �'�_
<br /> „ actian nr prckecJing,whcthcr rivit��r criminc►I. ix begun thut in l,cndcr'.r gcxxi fuith judgn:ent cuuld result tn farfciturc af thc �j
<br /> - Pmpcny cn othcrwfne muteriully impufr the Iien crcuted by thfa Security Instrument or l.cndcr'x security intercst.8arrower may „ �'�"�a"
<br /> -- -- cure s�ucfi u defuuit und reinswtc,a.pro�i3a1�n paragraph 1�,!sy cansing thc artian ur p�ceetlfag ta be dismis�wlth a nt!!ng :%. - -
<br /> thut. in I.ender'x gocx! faith dcterminiitinn, precludes forfeiture af thc Borrower's interest in the Pro rty or other material � '•' '"
<br /> � 1�I�;�:,::�I..._
<br /> impairment of the lien creuted by this Security Instrument or Lender's securlty interest. Borrawer shail also be in default if Fi:''' :-
<br /> •• Borrower.during the loan npplicatian process.gave materlally fulse or inuccurnte inforn�ution ar statements to L,ender(or failed ����;_ _
<br /> to provide L.ender with any matcrlul lnformatton)in connection with the loun evidenced by the Note. includin�.but not limited • � _
<br /> _. ,_ to, representattons conceming&►rrower's occupancy of the Praperty As u principal residencc.If this Sccurity Instrument is on a _ „�
<br /> , ' �� lc�.+ehold. Borrower shull comply with all the provisions of the Ics�sc. If Bonower acquims fee tide to thc Property, the -_" �-� " ,��
<br /> ' � leasehold and the fee titic shall not merge unless L.ender agrees to the mcrger in writtng.
<br /> ' •. � 7.Protectton of Lender's RiRhts in the Property.If Borrower fails to perform the covenants and agreements contained in '';f_=
<br /> this Security Instrument,or there is a le�al prckeedin�thut mny significantly uffect Lender's rtghts in the Property(such as a ---
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<br /> praceeding in bunkruptcy, pr�bate, for wndemnation or forfciturc or to enforcc laws c�r rc�ulations), then I.ender muy do end �� �-i
<br /> . pay for whatever is necessary to protect the value af the Property and Lender'ti rights in thc Pmperty. l.ender's actions may �*',-
<br /> include payin� nny sums secured by a lien which has priority over this Securiry Instrument, uppeuring in court, payin� �"-'•`��
<br /> ' re�.tionable attome s'fees and enterin�on thc Pro rt to make re airs. Althou h I.cnder ma take action under this ara ra h �_-
<br /> • y. b P� Y P B Y P S P
<br /> � 7,[.ender does not huvc to do so. ' �� �"�''
<br /> ' Any amot►nts disbuned by ixnJe� uu�lri tiii� pu�ag�apii 7 ahall l�ewmr udditiunui debt uf Borr�wer �:cured by this ; -.--y�.;.'�,
<br /> '' Secur�ty Instrument. Unless Borrawer and Lendcr ugrce to nther terms of puyment,thcsc amounts shall bear interest from t he , -a.
<br /> date of disbursement At the Note ratc und shall bc puynhlc, with intcrest, upon notirc fmm Lender u� &►rrowcr requestin� ,� �' =`
<br /> payment. , .
<br /> R.Mnrtgage Insurance.If L.ender reyuircd monguge in�urancc+�r u conJition of making the toun secured by this Security �
<br /> Instrument, Borrower shnU pay the premiums required to maintain thc mortguge insurance in effect If, for any reASOn, the
<br /> � , mnrtgage insurance covera�e required by i.ender lap�es or reuxe�to he in effcct, Bnrrower shuU pAy the premiums required to
<br /> ubtain covera�e substantially equivalent to the mortguge in�urancc previoutily in effert,ut a cost subsrrntially equivalent to the'
<br /> cost to Borcower of the mortgage insurunce previously in effect, fr<�m un ultemate mortguge insurer approved by I.ender. If
<br /> substantially equivalent mortgage insuruncc covcrugc iti ncit availnble. Borrowcr shull puy t��Lender euch month a sum equal to �
<br /> one-twelfth of the yearly mortgage insurunce pmmium heing puid by Burrower when the insurAnce cc�verage lupsed or ccased to - •
<br /> � be in effect, Lender will uccept,use und retuin these puyments as a ic>ss re�erve in lieu ��f mortgage imurance. Loss reserve i
<br /> form 3028 8180
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