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<br /> � 94� IG�S''��
<br />. S. Mazard Qr Propertp Insvrancr. 8orro�ver shall k�ep thc improvcrrtcnt9 now existinQ or ttereaftcr orerted an tAc
<br /> . _____ Property lnsured nguiost luss by�re,l�nzards irtcluded within the term"cxtended caverage' and uny other hnrsrds. irtcluding
<br /> floods or floadfng,for which [.ender rest,uires insumnce.This insuran�e ahall be maintuinad in the amounts m�d fut the periods
<br /> thlt Le�xler requircs. Th�insurance cnrrier providing Ihe insurance Khaii he cho.sen by Bnrmwer�subjcct tn I.ender'e approvu!
<br /> which s;huil not bc unreasonably withheld. If Barrowcr Puila to m�intuin coveraga dcscdbod ubove, L.cnder may.ut Lendcr'r:
<br /> aption, o6tnin coverngo to protect�..ender's right�in the Property in nccordunca with parugraph 7.
<br />- �-- — - All insur�utcc palFcies and rene�vals sh�i! 6c acceptabte to Lendcr and sh�l! iAClude u standard etoK�n�e clm�se. l.�nder
<br /> � shutl huve the�ight to hold the poliaies and ren�wuls. [f L.endcr requinw,Bormwer shall promptiy give to Lende�all recefpta a�"
<br /> paid premiums And renewnt nattces. Ia the event of loss,Bomawer shail give prompt notice to thc insurunce catrjer and Lendtr.
<br /> �.ender may make proof ot loss if not mude pr+nmptly by Bnrmwer.
<br /> Unless l.ender and Borrower otherwis��grce ln wdting. insurance proceeda shall be opplied to reatotation or repuir af the
<br /> Prapeny damaged,lf the�estorntion or rrpair is eronomicx�lly feasible rind Lsnder'a secudty is not lessened.If the rrstorndan or
<br />- - — — repair is not economically feasible or I.ender's security would be lesseneA. the insurance proceeds shall ba applicci to the sumti ___
<br /> --- securod by this Seruriry Insuwnent.whether or not then duo,with any excess paid to Borrower. If Borro�ver ubandons the
<br /> Propetty.or does not unswer within 30.9ays a natIce from Lender thut the insurance carrier has ofFered Ro setQe u claim. thcn
<br />!,�;� I,ender mny collect the iesurance pracecds. Lender may use the procceds to repair or restore the Prnperty or to pay sum.s —
<br /> '` secured by this Security Instrument.whether ar not then dae.'[�e 30-day perlad will begin when tho notice ie given.
<br />__ _ Unless L.ender and Borrower otherwjse agree in writing, any application of proc�oeds to principal shnll not extend or
<br /> -- postpone the due date of the monthly payments refernd to in paragrophs 1 and 2 or change the amaunt of the pAyments.If
<br /> - wufer parngraph 21 the Pmperty is acquired by Lender,Borcower's right to any insuranco palicies and pnxx�+ls resutteug feon� �
<br />- ds�nwge to the P�aperty prior to the acquisition shall pass to Lender to the extent of the sums r�ecu�ed by this Security Instcument
<br />- " immediat�ly prior to the acquisitian.
<br /> 6.Oocupancy,Preservatton,.4�Jaiptenance at�d Pmtecttan of the Property;Bomower's Lona Applicatlon;Leaseholds.
<br /> Borrower shall accupy.establish,and tue the Property us Boimwer's principal residence within sixty days after the executton af
<br /> thi�Security lnstiument and shall eontinue to axupy the Property as Borrower's principal residence for ut least ons yrar after
<br /> the date of axupancy.unless Lender othenvise�y,•rees in writing. whech conse�t shall not be unreasonlbly withheld.or unless
<br /> extenuriting circumstances exist which ure bzyond Borrower's rnntroi. Borcower shail not destroy. damagc or impsir �he
<br /> Propeny.altow the Property to deteriorate, or commit waste�n the Properry. Borrower shail be in defaujt if�ny for�eitune
<br /> action or prcx�ding. whether civil or criminal, is begun that in I.ender'c good faith judgment could result in forfeiture of the
<br />- ��' Property or otherwise materially impair the lien creuted by this Security Instrument or Lender's security interest.Borruwer may _
<br />' ` " �ui'c Su�h u dci'auli wn1 rci��aiaic.a.+providaI in p-arttgruph i8. by cau,iug ti�C actiu�i�ii Niin:cz�iing io t�3isrr►issbd u-itts a ruliag
<br /> � that.in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Pmperty or other material
<br /> �,,.�� impairment of the lien created by ¢his Securiry Instrument or l.ender's security interest. Borrower shall also be in default if
<br /> �° Borrav�er,durin�the loan application pracess.�ave materinlly false or inaccurate informatiun or statements to I.ender{or failod
<br /> ,,, ,
<br /> '•'� to pmvide C.entler wuh nny matedal information)in connection with the loan evidenced by the Note,including,but nat limited
<br /> - to,nepresentations concerning Borrower's occuptuuy of the Propercy as a principul residence.If this Secz�riry(nstrument is an a
<br /> leasehold. Borrower shall wmply with all tha pr�ovisions af the lease. If Borrower acquires fee title ro the Property. the .— _
<br /> leasehold and the fee title shali not merge unless Lender agrees to the mer�er in writing. —
<br /> 7. I'rotection of Lender's Rig6ts in the Property.If Borrower fails to perform thc rnvenants and agrr�ments contained in ==-
<br />= this Security Instrucnent. or there is a legul proc�eeding that msy sisnifcandy affect Lender's righu in the Pmperry (such as a °1'`_'"_'
<br />_ pnx�eeding in bankruptcy,probate, for condemnation or fodeiture or to enforcc laws or re�ulations). then Lender may do and -
<br /> =- pay for whatever is necessary to protect the vutue of the Property and Lender's rights in the Property. Ixnder's actions may ��`
<br /> " include paying any sums secured by a lie�n which has prioriry over this Security Instrument, nppearin� in court. paying ��
<br /> reasonable attomeys' fces and enter6ng on the Pmperty to mnlce repairs.Althou6h I.ender may take action under this paragraph �;;__
<br /> � 7.Lender does not have to do so. �;
<br /> A amounts dtsbursed b L.�ader under this ara ra h 7 shall become additional debt of Borrower secured b this '4`''
<br /> - �U' Y P 8 P Y �._-
<br />. Security Instiument. Unless Borrower and Lender a�ree to other terms of pay�ment, these amuunts shaU beur interest from the birr.!
<br /> date of disbwsement at the Note rate and shall be payable. with intemst, upon notice from l.ender to Bonowcr requesting ���
<br /> �,r:•:
<br /> payment. ;;'�
<br />- 8. Mortga�e Instnrance.If Lender required mortgage insurance as u candition of rnuking the loan secured by this Serurity �-'
<br /> - insuument, Borrowor shall pay the premiums requirect to ma�nu►in the mortgage insurance in effect. if, for any reason. the
<br /> - �`", `� mortga�e insurottce voverage required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to
<br /> • obtuin caverage substantially equivatent to the mortgage insurance previously in effect, at a cost substantfalty equivalent to the
<br /> cost to 9orrower of the mortgagc insurance previously in effect, from an alternate mortgage insurer opproved 6y I.ender.IF :
<br /> substentlally equivalent mort�a�e Insurance coversge is not avaitnble,Borrower shnll pay to Lender cach month u sum equal ta
<br />�� � one-lweltth of the yearly mortgage insurance premium being p�id by Borrower when the insurance rnveruge lupsed or ceased to
<br /> ��.��� be in effect. [.ender wiil accept.use and retain these payments as a loss reserve in �ieu of mortgage insurance. Loss resecve °
<br /> �' Form 3028 sreo
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