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<br /> _. ._. _. _... .-�. l`�d at litlrrtr��e. Bormatr��ll lca�p tbo improvan�ts nort.+�ii�..ut�fler-a�icle����C: �_.____
<br /> P�eK�insured a}��inet Io�I�y'iir4t. huatdx inclu�d witfiin the.tarm "extcnded covErage" �nd�ny ather iurrrds� incladip�
<br /> � flaxts�r ilaixiin6, fnr which l.ender royuirss insurures.`�'his inxunu�ce ehull be mr�intq�nai in tht wrxxints w� fur the p�riods .
<br /> � ehat I.ender sn�yuirea.7'ha inwrrnc.�carrie►•pm.iding the insurpnce sMatl be ebnsen by&►rtawer subject to Le►xkr's �ppmrul
<br /> whi�h Rtl�ll �x►t be unreaw�mbly withhetd. if&xmwer fdl;t�.m�ihWn a�vc�raRe dacribed�buve, l..aidcr may. at I,ender".�e
<br /> optic�n.ubtain wver�e ta protect l.endec':rights ia fhe PrAperty iro Fccordance with p�ragv�ph 7•
<br /> All inwranoe poll�ie��nd eenewal�slali be�tabk u� L,ender and si�lt inciude��t�ud mottp�e slw�e•Ls+ndeti
<br /> shNtl h�ve�he right to hold the�x�licios aixl tenawats..1f Lender roqulrea.9otroa�er st�all promptly.give to L,entkr+►11 reaipt�af
<br /> paid pra�fums�nd rcnew�l notic�t.!n the avent of ioss.Barrowsr atuiq gtve pmmpt nMice to the inwra�we urrler�nd Lerder-
<br /> L+r�xier mry make proof of Poss if nat m�de promptly by Horrower. ,
<br /> unlose Lerdcr xnd Borrowec ather►visc�gra in wdting,in.4uranca proaeds ehall bc appliod to rrstoration or mpxir of the
<br /> p�oQetty dar�uged. if the rentotadon ar eepair is econo�nicaily feasiblo at�Lender•a secutfry is not lessened.If the ratcxation or
<br /> repair is not awrnmically fexsible or C.euder's secnrity would be IGSSenod,the lasurnx�pnx�cds shali be�pp�ied to the sums•
<br /> secured by this Secudty Insuunxnt. wtu�th�t or not then duc, wlth any oxctss paid to Borrowes.If Horrower absndon�the
<br /> Pmperty.or does not uuwer within 3Q days e twtice from I.ender that the Insurance carrler haa offerod to settie a cl�im.ti�ea �
<br /> � Lender mAy colloct the insurana praoeais. I.�ender may use the p�ncads to repair ot restore the Prope�ty or to pry sums
<br /> sccured by this 5ecurity Instcument,whether or not then due.The 30-day pe�tod wfll begin when tiu notia is given.
<br /> Unless Lender and Borrawer atherwise agra in writing, any applicadon uf procceds to principil siwll not exterd os
<br /> postpane the due dp�te of the monthly payments reFernd to!a parugraphs 1 and 2 or change the amount of th�payments.If
<br /> under pangraph 21 the Property Is acquired by Lender.Borrower's right to any insurance pot�cios and procoeds nesulting 'frortti
<br /> cS�n�go t�thc Piujsarty priar to thc arquisit�on sl�all�s to Lertder to ehe eztaet of the suu�s seeuie�by thls Secudty Ir�sttt�me�t
<br /> it��modiately prior to the acquisitlon.
<br /> 6.Oocupancy,Preservation,llMtntenance and Protection�f ihe Property;Bornower's I.oan Applkatton;Les�holds.
<br /> Bormwer shnli occupy.�taalish,and use the Propert;�as Borrower's pr�ncipal�+esidence wIthin sixty days nfter the eatecution af
<br /> tbis Securiry Instn�ment and shall continue to occnpy the Property us Borrower's princ3pal resedence for at least one year �tter
<br /> the date of occupancy.unless Lender othenvise agc�ees jn wdtins.which consent shull rtot he unreasonably wlthheld, or uuless
<br /> extcnuadng circumstances exist which are beyond Borrower's oontrol. Borrower shall not destroy. damage or impuir the
<br /> Properry.ullow t!►e Frq�paty to deteriorate.or commit wriste on the Property. Borrower shall be in default if aay forfeitura
<br /> action or proceeding,wh�thes civil or criminal. is begun that ln I.eader's good feith judgment oould result in forfeituro of the
<br /> j Property or otherwise materia'lly uSh�Orur the lie7 created by this Socurlty Instniment or Lender's secudty interest.Bomnwer may
<br /> ! cure such a defautt and reinstate,as provided in paragraph 18,by causing the actIon or procceding to be dismissed with a rulit►g
<br /> t�sat. !a l.�a's g�'.f�isfs�etesstsiastfon. �clssdes forfeis�re of the Borra�rar's iaier�st in�Ps+Q�+eify�+r o;her materlal
<br /> impairment of the lien cre.�ted by this Security Instrument or Lender's security intet�st. Borrower shall also be in default if
<br /> Borrower:dnring the loan applIcation process.gave materially false or inaccurate information or statements to Lendet(or failed
<br /> to pmvide 1.ender with uny materiul infomsadon)in connectian witlS the losn evidenced by the Note,includtng.but nnt limited
<br /> to.representadons concerning Aorrower`s occupancy of the Property as a princip�l residence.If this Secunity Instrumem is on a
<br /> ' , leasehold. Borrower sha�l comply with nll the provisions of the lease. If Borrower ucquire.c fee title to the Pmpe►cy.the
<br /> leasehold suid thc fee title sha11 nai merge unless i.ender agrees to th�merger�in writing.
<br /> 7.Pratectian oi Lender's Rights iu the Property.[f Borrower feils to perform tha c�►venants and agreement�contaiaed In
<br /> y '! . this Securtry Insaument. or them is a legal proceeding thas may significantly affect I.ender's rights in the Property(suct►as a
<br /> � , praoeeding in banktuptcy.probute. fat cottdemnation or forFeiture or to enforce Inws or reguladons). then Lender may do end
<br /> � pay for whatever is necessary to p�tert ihe value of the Property and Lender's rights in the Property. Lender's acttons may
<br /> j include paying any sums secured by a lien which has pr[ority over this Secur�ty Instnunent. appetviag in court,payin�
<br /> � reasonable attorneys'fees and entering on the Property to make repa�rs.Although L.ender may take action under this patagreph
<br /> 7.Lertdei does not have to do so.
<br /> Any amounts disbursed by L.ender under this paragrnph 7 shall become additional debt of Borrower secured by this
<br /> Secudty Ynstrument.Untess Borrower and Lender agree to other terms of puyment.these amounts shap bear intec+¢st from the
<br /> dnte of disbursement At the Note rate and shall be payable. with interest. upon notIce from Lender to Bonower requesdag
<br /> payment.
<br /> 8.Mortgage In4urt�rne.If L.ender required mortga�e insurance es a condtdon of making the loan secured by this Security
<br /> insuvmem;Borrower shall pay the premtums required to maintain the mort�age insurance in effect. Tf. for any reacon,the
<br /> mortgaga insurance coverage mquireil by Lender lupses or ceases to be in effect.Borrower shali pay the premiums requirod ta
<br /> obiain Coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially eqvivalent to the
<br /> wst to Borrower of the martgage insurance previously in effect, from an altemate mortgn$e insurer approveod by Lender. If
<br /> substantially equivalent mortgage insurance ooverage is rtot availp�le.Borrower shull pay to Lender each month a sum equal to
<br /> one-twelfth of the ye;uly mortgage lnsuran��e premium being puid�by Borrower when the insumnoe wverage tapsed or as.sed to
<br /> be in effect.Lender wiq acoept.use and cetain these payments us a loss c�eserve in lieu of mortgage insurance. Loss t�eserve
<br /> Form 3028 9f80
<br /> Pago 3 of 9
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