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<br /> S. Hw,rd or hoperty Irarnuoos. 8orrawer shril keep the improvana�ts now cxiuln� or herosftor aected on die '
<br /> P�rnp�rty 9n:,ura1 ngainst In�c.,by fsre, hr�znrd9 includtci wi!hln the term "exte�uied cavera$e" a►�i�ny�Hhnx Iwr.�Ma,including
<br /> q��aig or flaxling, fur whtrh LetHler reyulres insurnncv.'Phls iusurancc Fhal�bc:nwiutaincd iu�l�uuHat�nts atxl fiu the peric�ls
<br /> tltnl[.ender resqa[rcg.'i'it�lunuru�xe c�rrier pmvidittg the intiurancc ehutl Isc ch��seti by Borruwer subject tp t..cixttr's a�►�iie�vxl
<br /> which ahult �xK be unrta�anably withheid. lf Bamuwcx fuits to uwinsAin coven+�z de.�r�hed Nix�ve, l.eixler m�y. �t I.eedCr'x
<br /> upticm.c�bt�in�ave►�gc to pratect L.encier's rights in the�'rapeny i��neenrdance wlth parugraph 9.
<br /> All inwr�nce palicles�nd renewAl!tiI1�JI If0 8CCl��1J0 l0 I+M1(ICf YtKI AFIYII �IICIUdQ A ltlllid�t1'101��C CIlLt10. L�etWec
<br /> s4tn11 have ttte righE to hnW Ihe pollctes and rencw�ls.[f l.ender requires.Borcawer shall prnmptlY Bive to Lender a11�reaeipts cif
<br /> putd pnmfurnR uMd tCrecwa�nwioea•In the event uf los9,Borrower shalt givo prompt+�otioc tu the Insurance carrier ar.�Le�Wtr.
<br /> Lender may m�ke proof of losa it'nat mAde pmmptly by Borravrrer. '
<br /> Unless l.ender wxi Horrower otherwiso agrec in wdting,insurnncG proc�ed:�sh�1�be applEed to resto►adon or repair of the
<br /> Property dam»ged.if the restoxatian or repafr is eoonomlcaUy fea.giblo ttnd Lendcr's r�ecurity is nat lessened.if the restoration or
<br /> repair is r►ot erormmlcally fcasible ar Lendrr's secudty would he Icssenod.thG insurnnce proceods Rhall be appliod to the sunu
<br /> r�ecured by this Secudty Instnunent, wheiher or not thcn due, with nny cxeess paid ta 8ormwcr. If Bormwer Qbandons the
<br /> Property.or daes nat answer within 30 days a notice from I.ender thut the insurance carrter has offerc�d to rettle u claim,then
<br /> Lendea may collect the insurance proceads. l.ender may use thc praceeds to repair ar restnrc thG Property or to pay sums
<br /> r�exuied by thls Secudty Instrument.whether or nnt then due.7`he 30�duy period will lxgin when the notice is givan.
<br /> Unless Lender t►nd Borrower atherwise ngree in wrIting. uny appliration af proceeds to pr3nclpal shall not eatcnd or
<br /> postpone the due date of the monthly payments refen�i to in parngraghs 1 and 2 or chnrige the wnaunt of the pnytnents.If
<br /> urxkr paragraph 2I the Property is acqulred by Lender.Borrower's dght to nny insurance policies and proceeda resulting from
<br /> da�-,�age to the Praperty pdar to tha ac�uisitian shall p�ss ta l.ender to the extent of the sums sewrc�i by this Secarity Inqtniment
<br /> inunediately prior W the ucquisition.
<br /> 6. O�ccuponcy,Praerv�tion,Moi�tena�ce snd Protectton of the Property;Borrower's Loan Applie�don;I.a.4ehold�.
<br /> Borrowcc shall occupy.establish.und use the Property as Borrower's principal resIdence wjthin sixty days after the executton of
<br /> this Security Instrument und shall continue to occupy thc Property es Borrower's principat residence for at least one yeaC after
<br /> the daie of accupancy. unlegs Lender otherwise agnees in wdting. which consent siiall not be unreusonably withheld,or unless
<br /> extenuating clrcumstances eaist which are beynnd Borrower's control. Bomower shaH not destroy, damuge or impair the
<br /> Pmperty.allow the Propercy to detertoritte. or commit wASte on the Pmperty. Borrower shull be in default if stny forfeiture
<br /> action or proceeding, whether ctivil or criminal. is be�un thut in I.ertder's good faith judgment could result in forfeiture of the
<br /> Pmperty ar otherwise matedally impuir the lien creatod by this Secudty Instrument or Lender's security interest.Borrower rr�sy
<br /> cure such a default and reinstute.as provide�l in paragraph 18,by causing the action or proceeding to be dismissed with A ruling
<br /> tlsat,in i,c�slcr's guu� faish �etr,rm3s:stloa. pr�clades forf�tiuse uf th� �rmwer�S IIItp��'S� 1l1 ft1P Pm�rty�r cu�er material
<br /> impairnient of the lien create�by this Secudry Instrument or I.ender's security interest. Borrower shull also be [n default If
<br /> Borrower,durins the laan application process.gave mnterially f�lse or inaccurate information or staeements to i.ender(or failed
<br /> to provide l.ender with any materiul informarian)in connectton with the loan evtdenced by the Note,lncluding.but nnt limited
<br /> to,representations rnnceming Borrower's accupancy of tha Prope�ty as a pr�ncipal residence. If this Socur�ty Insm�ment is on a
<br /> leasehald. Borrower shaU comply with all the provisions af the lease. If Borrcrn-er acquires fee title to the Property, the
<br /> i�schold and the fee title shasl mot merge unless Lender agrees to the mecger in writing.
<br /> '�.ProtecHon oi I.ende�.'.a�ights in the Propetty.If Borrower fails to perForm the oovenanu and asc�eements contained in
<br /> ttils Security Insnument,or there is a legal proceading that muy significantly affect I.ender's rightx in the Property(such as a
<br /> proceeding in bankruptcy. probate.for ocmdemnatIon or fodeitw+e or to enforce laws or regulations), then Lender may do. and
<br /> pay for whatever is neoessary to protect the value of the Property and Lender's dghts in the Property. L.ender's action.a tnay
<br /> Include payfng any sams tecured by a lien wh3ch hs�s pdority over this Security Instcument. ap�earing in court. paying
<br /> reasonable attomeys'fees and entering on the Property to mnke repairs. Although I,ender may tcike uction under this paregraph
<br /> 7.Lender does not have to do so.
<br /> My amounu disbursed by Lender under this paragraph 7 shn79 become additiona� debr of Borrowcr secured by �hls
<br /> Sawriry inswraent. Unleas Sorrower and Lender agt+ee w other terms of payment,these amounts shall beur interest from the
<br /> date of disbursement at the �ote rate and shall be payable. with interest, upon notice from I.ender to BarQOwer requesting
<br /> payment. �.
<br /> 8.Martgage InsnratteE.If L:ender required murtgage insurartce as a condition of making the loan secare�i by this Security
<br /> Inswment. Bomower sh�7l pay the premlums r+equired to maintain the mort�age jnsurance in effixt. If. for eny reason. the
<br /> mortgage insurance coverage required by Lender lapses or ceases io be in effect,Borrower shell pay the premiums required to
<br /> oDtain coverage substantia8ly equivelent to the mortga�e insurance previously tn effect, at a rnst substantially equivalent to the '�
<br /> cost to Horrower of the mortgage insurance previausly in effect. from an alternute mortgage insumr approved by Lender.If
<br /> substantially.aquiv�lent mortgege insurance covemge is not uvailubl8,Borrower shal!pay tu Lender each month a sum equul to ��
<br /> one�twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurenoe covern�e lapsed or ceasc�d to �.
<br /> be in effect. Gender will arcept. use and retain these payments as a loss reserve in lieu of mortgage insurnnce. Loss reserve ��.�,
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