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<br /> S. Hazerd or Property Ittsurance. Bartnwcr eha11 kecp thc impravementa nowl exlsting or ere.�fter cre:ctod ot� the
<br /> Property insurtd u�ulast lo�s by Gre. hnzarda included w[thin the term extended coverage and eny other hru.srds� lncluding
<br /> �� a
<br /> floa�is or tlooding, for whieh Txnder mquires Insumnce.This insumnce shali be tnaintained in the amaunts nnd for the pertoda
<br /> that I.ender cequlcrs.The tnsurance currier providing the insurnnce�hall be chosen by Borrower aubJect to I.ender's appmvnl
<br /> which shall not be unroeasonably withheld. If Borrower faile to muintain coverage descrtbed ubovc. I.ettder may. at Lender's
<br /> option.obtafn coverage to protect I.endei s rlghts iri the Propetty In accocdsnce with paragraph 7.
<br /> p�i {��� ��{����renewnla ahell be acc�ptablv to Leadcr e�c!ehall include a at3adet+d tqortgage clause. �er
<br /> shall have the rfght to hold the policies snd renewels.IP L,ender ccquires.Borrower sh�ll promptly Sive to I.ender all recetpts of
<br /> patd premiwns and reaewal notixs.In the event of loss.Borrower shall give pmmpt notIce to the insurnnce carrter und l.ender.
<br /> Lender may make proof of loss if not made promptly by Borrower.
<br /> Unless Lender aad Borrower atherwise agree!n wdUng.insurance procecds sh�ll be upplied to restaradon or repair of Wc
<br /> Property damagat, jf the reswration or repalr ls econouaIcaliy feasible and Lender's secur�ty is not lessened.If tha restoration or
<br /> repair is not economlcally feasIble ar Lender's securlty would be lessened. the insurance proceeda ahall be applied to the sums
<br /> secure� by thIs Secudty Iasdvment. whether or not then due. with any excess pa[d to Borrower. If Borrower abandans the
<br /> Property,or does not answer within 30 days a nodce fmra I.ender that the insurance cc�rr�er has offered ta setde a claim.then
<br /> Lender may collert the iaeurance procer�ls. Lender may use the proceeds to repair or restore the Property or to pay sunns
<br /> secured by this Sectuity InsUUment.whether or not then due.The 30-day perlod wjll begtn when the nottce Is givcn.
<br /> Unless Lender and Bormwer otderwise agt+ea In wrldng. any applicatIon of praceeds to pr�aclpal shall not extend or
<br /> ,,:.f;.4� postpone the due date of t�e raonthly paymsnts referred to in para6raphs 1 and 2 or change the arnount of the paymeats. If
<br /> under paragraph 21 the Property is acqutted by Lender.�rnower's r�ght to any lnsurance palicies and pmceeds t�esultiag from
<br /> damage to tha Property prior to the acquIsition shall pass ta I.ender to the extent of the sums secured by this Security[nstruncent .
<br /> imivadiately prlor to the acquisltion. "
<br /> ,;t- 6.Occupancy. Preservadoa,Matntenance and Protectton o�the Property;Borrower's I.osu Application; I.easeholds. .�:
<br /> -�?" Borrower shall occupy. establish.and use the Propecty as Bonower's princlpa!residence wlthIn slxty days after the execut�on of i''��
<br /> this Secarity Instnunent and shall continue w occupy the Property as Borrowcr's principal resideace for at least one year efter �;
<br /> the date of occupancy, unless L.ender atherwise a�rees in wdtin�.which consent shall not be uamasonably withheld,or unless '"
<br /> extenuating circumstenoes oxist which at+e beyond Borrower's control. Botrower shall not desuoy, damase or lmpair the �'
<br /> �.�,. Property, allow the Praperty to deteriorate,or commlt waste on the Property. Borrower shall be in default if nny forfeiture ,�:"�,
<br /> '•:i;� actIo»or prooeeding,whether clvil or crlminal.is begun that In'I.ender's gaod feith judgment could msult in forfeiture of the ��...
<br /> Property or otherwise matedally impa�r the lien created by this Security Inatrument or Lender's securiry interest.tionower may �.•
<br /> cure such a default and relnstate.as provided in pacagraph 18,by causin$the aMion or procee�i�g to be dismissed with a ruling "�
<br /> tdat, in i.ender's good faith determination, precludes forfeiture of the Borrower's interest In the Properry or other materinl �-�
<br /> , Impa�rment of the liert created by this Securlty Instrument or Lender's secarity lnterest. Bomower shall �lso be in default if �'�'�
<br /> i tz.:
<br /> Borrower,during the loan applicntlon p�+ocess.gave materlally false or Inaccurate information or statements ta Lender(or failed
<br /> to provide Lender wlth any matertal informatlon) in connection wlth the loan evidenced by the Note. includin�,but not limited � �:s,
<br /> to.representatlons concem{ng Borrower's occupancy of the Property as a princtpal residence.If this 5ecurlty Instrument is on a _
<br /> leasehold. Horrower ahaU oomply with all the pmvisions of the lease. If Borrower acquires fee title to the Property. the -
<br /> �' � leasehold and the fee dde shall not merge unless L.ender agr�s to the merger in writing.
<br /> 7.Protection of Leader•s itlghts in ths Property.If Borrower fails to perform the covenants and agreements contained in
<br /> this Security Tnstrument,or there is a legal preceeding that may significantly affect Lender's rlghts in the Property(such as a
<br /> proceedtng in bankruptcy,probate. for condemnadon or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> � pay for whatever!s nacessary to protect the vatae of the Property and Lender's dghts in the Property. L.ender's act�ons may
<br /> include paying any sums secured by a lien which has priodty over this Security Instrument, appearing In court, paying
<br /> reasonable attomeys'fees and entering on the Property to make repairs.Although L.�rtder may take acdon under this paragraph
<br /> 7.Lender dces not have to do so. �
<br /> Any announts disbutsed by L.ender under this para�raph 7 shatt become additional debt of Borrower serured by this •
<br /> ' �� ' Security Instn�ment.Unless Borrower and Lender agree to other terms of payment.these amounts shal! bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Bortower mquesting
<br /> payment.
<br /> •� ,:{;;s S.Mortgase Insurance.If Lender required mortsage insurance as a condition of making the loan sec�red by this Securlty
<br /> '` `�"��• .Instn�ment. Bornower shall pay the premlums cequired to maintein the mortgage insurunce in effect. If. for any reason, the
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<br /> ' '�'��`'' mortgage insuc�nce coverage required by I,ender lapses or ceases to be In effect. Borrower shalt pay the premiums required to •
<br /> v � - obtain coverage substaatIelly equivaient to the rtwrt$age insurence previously in effect.at a cost substantially equivalent to the
<br /> °'��y,�,,,„�'�' cost w Borrower of the mortgage insurance previousiy in effect, from an alternate mortguge insurer appmved try Lender. If
<br /> ��•�:�� � substami�lty equtvalent mortgage insurance coverage is not avaitable.Borrower shall pay to I,�mler each month a sum equal to
<br /> • on�-twelf¢h of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceasod to
<br /> ''`�'� be in effeet.I.ender wlll accept,use and retain these payments as a loss resen•e in lieu of mortgage insurnnce. Loss crserve
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