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<br /> S. Ednzard nr P�roperty In.SUratMe.13onower shal! ke�p eht improvements now exlsting or hereafter erected ore tho
<br /> - � - Pi-ageny insured against loss by �re. hazardh included wit6in the temt "exxendcd coveruge"and nny ather haz�uds. �ncluding
<br /> -- t�oals or floadins.for vfiich I.endcr rcquires insurnnce.'This insumnw Fhal!be matntnirted in thc tunounte and fac thc partada
<br /> that Lender requ�res.The lnsumnce currfer pravlding the insurar.cc Fh�ll be chosen by Borrowcr subjcct ta Lender's appraval
<br /> which shall not b�unrcASanabty withheld.If Borrower fuiln to mnintnin coverage descdboct ubove,L�ender may.nt l.e�xler'e
<br /> apdon,o5tain covemge ta pratoct Lender's dghta in tho Property�in nccordnncc with paragrnph 7.
<br /> _ -�.- .,-- -_- --.
<br /> All insurance policies nnd renewnl� shall be acceputble to l.ender and shall irtclude�stundard martgago clau�se. I.ender
<br /> shall have the dght to hotd the pnli��i�►wid renewaly.If Lcndce rcquires.Baa�ro�ver shuil promptly give tn►.ettder nii recelptg o , -
<br /> paid premiums and renewal nottees.In the event of loss.Borrowcr shaU give prompt nadce to the insurance auder und I.ender.
<br /> I.�.nder ma;+muke proof of loss if not mude pmmptly by Borrawer.
<br /> Unless Lender and Borrower othenvise agree in wdtins,itu�,umnoe proceeds shall be Appited to restoratton or repair of tha
<br /> Property dumngcd.If the restorntion or repair is economiculiy feasible and l.ender's sec:udty is not lessened.If the restorndon or _
<br /> oepair is not ecoaom{cat{y fei+sible or Lered¢�'s security would ba I�sssened,the Fnsurance praceEds shal!be applled to the sutas
<br /> -- secured by this SecurIty Instrument, wheU�er or not then duo. with any exass p�id to 9ormwer. [f Borrowor abundona the _ _
<br /> - - _ Property, or das not Answer wlthin 30 days u natice from Lender that the iasurance car�ier has offered to settle a claim,then
<br />�. _ l.ender may coliect tho insumnce proc�ls. L.ender may use the procerds to rep�ir or restore tha Pmperty or to puy sums
<br /> secured by ttus Secudty Instrnment,whether or not than duB.The 30-day period will begin when th�notfce is given.
<br /> — Unless l.ender and Borrower otherwise a�ree in tivriting, any applicadon of prac�s to pdncipal shull nat extend or
<br />_ _ postpane the due date of thc rnonthly payments referred to in paragraphs 1 and 2 or change the amouat of the puyments. If
<br /> r ,.
<br /> :;
<br /> ;;_�_ under paragcaph 21 the Properiy is acquired by Len3er.Borrower's r�ght to any insurance polictes and praceeds resultiug om
<br /> damuge to the Property pdor to the acquisidon shali pass to Lender to the oxtent of the sums secured by this Security Instrume�U �
<br /> immediutely prlor to the acquisttion.
<br /> 6.Occupancy.Preservatton,Maint�nence and Prntection of the Property;Borrower's Loan Appiicadan;L,easehotds.
<br /> Barrower shall occupy.e�tablish,and use the Property As Burrow�r's principal residence within sixty days after the execuuon of
<br /> this Securiry Iastrs�ment and shall condnue to occupy the Praperty as Burrower's priRCipal resldence for at least one year after
<br /> "t.,,�,- withheld or unless
<br /> +���; . the date of occupuncy. unless Lender othenvise agrees in writing. which consent shall not be unreasonably
<br /> � eatenuating circumsu►nces exist which ars beyond Borrower's control. Borrawer shall not destroy. dacnage or impair the
<br /> Pcoperry, allow the Property to deteriorate, or wmmit waste on the Property. Borrower slu�ll be in defuult lf any forfciture
<br /> action or proceeding, whether civil or crlminal.is begun that in I.ender's good fuith jud�ment could result in forfeiture of the �
<br /> ' I tere.rt. Borrower ma
<br /> ur�t Insteument or Lender's secun n y
<br /> b this Scc �Y
<br />_ Property or otherwise materially impair the I�en created y y
<br />= cure such a default and reinstute,as provided in paragraph 18,by cuusing the action or proceeding to be dismissed with u ruling
<br /> - ,
<br />;� � thut, ln Lender's good�'aith determination, precludes fortetture of the Barmwer`s inreres[ in che Pc�c�perty ur uthor umtc:int °
<br /> impairmer�t of the lien created by this Secur�ty Instrument or Lender's security interest. Borrower shali also be in defantt if . .__
<br /> Borrower.during the loan upplication process.gave materially fulse or inaccurate information ar statements to Lender(or failed _ _
<br /> to provide Lender with any mater�al information)in connection with the loan evidenced by the Note,irscluding,but not limited �
<br /> `, to,representaUons conceming Borrower's oocupency of the Property as a principal residence. If this Security Instrument is on a ___
<br /> leasehold. Borrower shall comply with all tho provisions of the lease. If Borrower acquires fee title to the Property, the ��.
<br /> le�sehold and tha fee title shall not merge unless I.endor agrecs to tha merger in writin�. E•�.'.-
<br /> � i I'� I
<br /> 7.Prutection ot Lender's Rlqhts In the Property.If Borrower fails to perfarm the covenants and agreemente conutined In E?�i�_-:
<br /> i�'�I� this 5ecuriry [nstrument,or there is a le�al proceeding that may si�nificantly affect Lender's rights in the Propcerty (such:is a �.:��:
<br /> � proceeding in baNccuptcy,probate.for condemnation or forfetture or to enforce laws ar regulations), chen i..ender may do and �+-
<br />'�i pay for whatever is nacessary co protect the vulue of the Property and I.vndcr s rights in the Property• 1..ender's actiona may �`•�'.
<br />;;,,,
<br />- include paying any sums secured by a lien whjch has pr�ority over thts Securiry Instrument, appe.aring in caurt. paying °��'v.
<br />- reasonable uttomeys'fees and entering on the Property to make repairs.Although I.ender may take nction undcr this paragraph ti,�
<br />_ 7.Lender does not have to do so. ,�,tt;:�:
<br />-. Any amounts disbursed by L,ender under this parn�raph 7 shall become additional debt af Borrower secured by this �'�:
<br /> �� �,�, .�,:,� Security Instrument. Unless Borrawer und I.ender u��+ce ta other terms of payment,thae amounts shall bear interest from the •.:.'�
<br />' • .� a•'�:: ���,�` date of disbursement at the Note rate and shall bc puyuble, with interest, upon notice from Lender to Borrower requesting �• .
<br /> �- !`,��:
<br /> ':�Y�,«� ,��'��•i�* � . payment. ;t,�:'
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<br />= 8.Mortgage Insuran�.If L.ender required mortgage insurQnce as u condition of mnking the loan secured by this Securiry ��.��
<br /> 4 Q� SN��� Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. if, for any neason. the
<br /> • . s.�':f.,.' ,
<br /> ,�� � � mortgage insurence coverage required by Lender lapses or ceases to be in etfeci. Borrower shall pay the pmmiums required to ,
<br /> :! r'"�_, obtain coverage substandally equivalent to the mortguge insurance previously in effect,at a cost substantially equivulent to the
<br /> �� r cost to Borrower of the mortga�e insurnnce previously m effect, fmm an altemute mortgage insurer upproved by L.ender. If
<br /> � � substanrially equivalent mortgage insurance covern�e is not available, Borrower shnli pay to Lender each montl� a sum cqaal to
<br /> ==����,,����' one-twelfth of the yearly mortgnge insurnnce premium being p�id by Borrower when the insurance coverage lapsed or ceased to ..
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<br />', ' i��.�',;:. be in effect.Lender will aocept,use and retain these payments as a loss reserve in lieu of mongage insurance. Loss mserve .
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