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<br /> S. Narard or Pri►�rty In�u�nce. �3ormwer she�l keep the improvemcnte now exi�ti g ar herafter ecs�ted un tlb
<br /> iPmperty insural s�gainst ta5s by f rc.hnxard�include4 wiihin thc term "catende,d coveragc"arxl Wny �xher hxxards, inclu,dfn�
<br /> Qood.s or floadinQ.for which L�x1er royuires inaurance.Tl�is insurance dhall!�munta�nal in ahe wrx�unAa+uxi fyr the periud�
<br /> ; ttut l.ender r�uircti.Tho Insurance carde�providing the insurarn'k sh�ll bo cho�n by Borno�ver sub,joct to Len�fer'a approvat
<br /> which sh�ll not bo unn.awnably withheld. If Horrower frils to maint�in raverage drscdbe�i u6ove, I.endcr mxy. +�t i.endor'�
<br /> optian,obuin coven�e to ptotati I.ender'R dghts in the Property in acoordAnce wtth peragtaph 7. - ,
<br /> ` All irisura.ecw pol��fee!s cind reqeevnls �hnN I+e�ePpteble to Let�cter end shall include a rtendard mortpape clsuse. I,erater
<br /> iich�ll havrs the daht to hold tha policies aztd renewnls.If Lender,roqutres. Borrower slull pmmptly giv�to Lendec dl ra:el�of ,
<br /> � paid premiums and rrnewai notic�. In the event of loss.Borrower shali give prompt notice ta the insurance carr[er and�.cndec.
<br /> l.ender may make proof of lasa if rwt snade�Sromptly by Borrower.
<br /> Unle�s Lender and Bonower oWeiwise�gc+co in wrldng,insorance procee�la shul!be apnlied to restoration or repair of the
<br /> Property duru�lged'.if the restoration or re�r Is economfcalty feasible and Lendtr's securi�y is not lasened.If the re,Ktoration ur
<br /> repxir is aot economically feasible or Ixt7!cr's rauriry would be lessened,the insurance proceads shall be appliod to the su�u9
<br /> isecure� by this Secuclty Instrument. whtther or not then due. wlth any excess paid to Borrower. lf Borrower abandans the
<br /> � Property, or does nut answer wjthin 30 dqy+s a nadce from Le�►der that tho insurance carrier has offered to aettle a clnim.then
<br /> I Ixnder may callect thc lnsurnnre proceeeis. Lender may use the proceeds to repair or rcstore the Propxrty or to pny eums
<br /> secw+ed by this Secudty Instnunent,whether or not then due.The 30-day periad will begin when the notice is given.
<br /> Unless Lender artd Borrower otherwfse a$ree in writtng, nny application of ptoeeeds to principa! shall not e�cend or
<br /> postpone the due date of the monthly payments refemed to in puragraph» I and 2 or change tho amount of the paymema. Yf
<br /> under paragtaph 21 the Pmperty is ucquired by Lender, Borrowee's eight to ct��y a�surence poticles and proce�la resuidng fram
<br /> dart4age to the Property prlor w the aoqui.sltIon shall pass to L.ender ta the extent of the sums secw�l by this Security Insuvment
<br /> ; immediately prtor to the acquisition.
<br /> I 6.t)ocup�ncy,Preservatlon,MAintenance riad Protection oP the Property;Borrower's Loan Application;I.easelwlds.
<br /> Borrower shell occupy. �tabHsh,and use the Property as Borrower's pdncipal residence within siaty days efter the�executton of
<br /> tl�is Security Instrument und shall continue to occqpy the Progerty as Borrower's principal residence far at least one year after
<br /> the dute of uccupancy. uNess Lender otherwise agrecs jn wdting.which wnsent shall rtat be unreasonably wttdheld.or unless
<br /> exteauadng circumstences exist which are beyand 8orrower's control. Borrower shall not destroy. damuge or impair the
<br /> Property. �Ilow the Property to deteriarate, or commit waste on the Pc+operty. Borrower shall be In default if nny forfeiture
<br /> ecUon or proceeding,whether civil or criminal,js begun that in I.ender's�ood feith judgment could result in forfeitur�of tbe
<br /> Properry or otherwise materially impair the lien created by this Security Instrument or I.ender's sc�curity interest.Bomower taay
<br /> cure suci�u uciguit nnd icj�tnte.as�roytc&�in�aragra�i$,by caus(ng ih�aciian or prsc�tit�g ta t�d�smiss�d�a�is:g
<br /> that. in Lender's good faith detemunation, prectudes forfeiture of the Borrower's interest in the Property or other material
<br /> impairment of the lien created by this Securlty Inswment or l.ender's secudty intcrest. Borrower shall also be in default if
<br /> Bortower.during the loan applic�tion p[ocess,gave mater�aUy fAlse or inaccurate informatlon or swtements ro L.ender(or ftdled
<br /> to pmvide Lertder with any material informution) in connection with the loan evidenced by the Note, including.but not iiatited
<br /> to, represemations wnceming Borrower's occupancy of the Property as a prineipal residence.If this Securiry Insuument ia on a .
<br /> leasehold. Borrower shali comply wlth all the provfsions of the lease. If Horrower acquires fee tide W the Property. the
<br /> leasehold and the fee title shall not metge unless Lender agrees to the merger fn wrlting.
<br /> 7.Pr�tectlon ot Lender's Rights in the Pcoperty.If Borrower fails to perform the covenanu and agneements rnntsinul�in
<br /> this Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in the Pcoperty (s�i¢h es a
<br /> � procc�eding in bankruptcy,probate, for rnndemnation or forfeiture or to enforce laws or regulutions). then I.ender may do and
<br /> pay for whatever is neaessary to protect the value of the Property and Lendei s d�hts in the Property. Lender's actions may
<br /> j include paying uny sums secured by a lie� which has prloriry over this Secudty Instrument, appearing in court, payjng
<br /> repsonable attomeys'fees und entPrins on the Property to make repairs. Although Lender may take action under this paragraph
<br /> 7.Lendes does not have to do so.
<br /> i Any amounts disbursed by I.ender under this paragraph 7 shall become addition:tl debt of Borrc>wer secured by thts
<br /> Security Instcument.Umless Borrower and Lender agree to other terms of payment. these amounts shall bear interest from the
<br /> dete of disburaement at the Note ratc and shall �e payable, with interest, upon nodce from I.Qnder to Borrower requesting
<br /> payment.
<br /> 8.Mortgage[nsurartee.If L.ender rpquiral mnrtgage insurUnce sis a condItion of making the loan secured by this Securiry � �
<br /> Insuument,Borrower shall pay the pmmiums requircd to maintain the mortgage insurance in effect. If. for any mason, the �`-
<br /> mortguge insurattce covcmge required by Lender lapses or ceases to be in effect. Borrower shall pay the premiums required m
<br /> obiain coverage substantiully equivutent to the mortgage insurance previously in effect,at a wst substuntially equivalent to the �� :;�,
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate monga�e insurer approved by [.ender. If :-
<br /> substantially equivalent mortgage insurnrtce coverage is noi available.Borrower shal I pay to L.ender each month a sum equal ta '
<br /> one-twelfth of the yearly rriortgage insurance premIum bein�paid by Borrowcr when the iasurance rnver.��e lapsed or oe�sed to
<br /> be in effect.l.ender wfU ncrept.use and retain these payments as a lou reserve in I ieu of mortgage insurance. Loss reserve
<br /> Form 3028 8/80
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