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<br /> ' S. E:nzn��d or d�opetiKy lnsurai3ce. 8orrmvrr sh711 kc�p tlie improvemcnts naw exisUng ar hereaf'ter erected on thc
<br /> � i�raperty insurcd uguinst lnss by firc. I1AT.nf�Ig II1CIUlSL'(I WIIIIIII (IID�CI'ITl °extciYdcd cmcrngc" und cmy othcr hazards, including
<br /> flc,actg ar Flac�ding,fnr which I cndcr rcquires insurmieo. 'fhly insura�irc el�ull hc muintub�icd in thc nmaunts und for thc peri��is
<br /> thut I.cndcr rsyuirc�. Thc insurnnco iarrlor pr��vidlug tlic In�urueKr. :ahult Ix choxn by liurrowcr subjact to l.c.ndcr'e upprnval
<br /> which shull �x►t hc unrcaumably wlthhcld. If Nnrrowcr ii�ila to nutiumin e�rvcragc dcscrit�f uMwu. I.enJcr nwy. ut l.cixler'q
<br /> option.obtain cnvtri�go t�prntcct l.cndc�'e rfghtrs in�ho PrapeMy In a�r�►rciuncc witb pan�g�x�ph 7.
<br /> A{i i�►yur,►nu;�nflcics un�1 renewais :yhall bc acreptublc tn I.cn�1�r sm�t r�tmit includo i+ r�tiuidnrd nwrtµu�;c clausa Lc��dcr
<br /> xhull havc thc r�ght ta huld thc policics mxl rcrxswulx. If I.cnAcr rcyuires,&►nnwcr ehall pnimptly givc tn Lcndcr all��cciptx�f
<br /> pnid pmmiums and renewal rotices.In Uio cvcnt aY 1�►s�,t�nrrnwcr Khnli Bive pmmpt naticc tu thc inxurnnc:c a�rrier atzd Lc�idcr.
<br /> i.cnder mny muke proof of toss if not made pmmptiy t�y&ttmwer.
<br /> Unless I.ender and Barro�vcr atherwisc ugrcc in writing. insurunce praceede ahnit be upplicd ta resturation or repair of the
<br /> Property damaged,if the nestorution or repuir ia ecanomicutty feu.qible and t.�nder's securUy is not lessenaf.If the restumtian or
<br /> rcpsur iR not ccoaamicnttly feasible or Lender's security would be Icscensd,the insurunce proceeds shull be appfled to the sums
<br /> r,ecured by this Securiry Instrument. whether or not then due.wlth any exce�.s paid ta Sorrower. If Bonower abandons the
<br /> Property. oc does not unswer wi[hin 30 days n notice from Ixnder that the insurance etirrfer hus affered to Fettle a claim, then
<br /> Lender may collect the insurance praceeds. L.ender may use the procecds ta repair or restore the Properry ar to pay sums
<br /> secured by ehis Securlty Instrument,whethcr ar not then due.The 3Q-day pedod wiU begin when the notice is given.
<br /> Unless Ixnder and Borrower otherwise agree in wrltins, any nppllcntion of proceeds to pdncipal shall not eatend or
<br /> postpone the due date of the monthly payments ceferred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is ttcquired by I.ender,Honuwer'a rlght to any tnswancc poltcies artd procceds resulUng fmm
<br /> damage ro the Property prtor to the acquisition shall pass to Lender to the extent of the aums secured by this Security Ioshument
<br /> •>,° immediately pdor to th�acquisition. � '
<br /> 6.Oocupancy,Preservatton,Maintepance nnd Protectton of the Properiy;Barrower's Laan AppllcAtion; i.easeholda.
<br /> Borrower shall occupy,establish,u�use the Property as Bonower's principal restdence wtthin sixty days after the execution of '•
<br /> ' this Securiry[nsuument artd shall continue to occupy the Properry as Borrower's principa! residence for at least one year after
<br /> tlie date of accupancy.unless L.ender otherwise agrees in writing,which wnsent shall nat be unreasonabiy�vithheld, or unless
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shaU not desuoy. damage or Impair the
<br /> `'�1�;�;� Property. allow the Pmperty to deteriorate, or commit waste on the Property. Borrower shall be in defuult if any forfeiture
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<br /> +' action or procecding. whether civil or cr�minel. is begun that in Lendor's good fait{�judgmeut could result in forfeiture af the
<br /> Property or otherwise mnterially impair the Iten created by this Secu�ity Instrument or L.ender's security interest.Borrower may
<br /> eure sueh a defaui�and reinscace,as providcxt i�i paragcuptt to, by:�ausir�g th�actio�or gmcecding to t�e dismissed wi�a ruling
<br /> 7aa;.;ti• that, in Lender's goad faith deternunation, precludea forfeiturc of the Borr�wer's interest in the Property or other mate�ial
<br /> ��'�'��{ impairment of the lten created by this Securlty Instrument or Lender's securlry interest. Borrower shull also be in def�ult if
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<br /> Borrowor.during the loan applicadon process.gave materially felsc or inaccurstte information or statements to L,ender(or f�iled
<br /> to provide Lender with any matedal information)in connectton with the loun evidenced by the Note,including,but not lim[ted
<br /> to,repmsentations concerning Borrower's occupancy of the Property os a princ3pal r�sidence. If this Security Instrument is on a
<br /> " leasehold. Borrower shall compty with �Il the provisions of the lease. If Borrower acquires fee title to the Property. the
<br /> '`' ;:s leaschold and the fee title ahall not merge unless L.ender agrees to the mer�er in writing.
<br /> ���� '""' ' 7.Pentection o!Lender's Rtghtx in the Property.IF Boerower fails to perform the covenunts snd agreements rnntatned in
<br /> �„� this Security Instmment, or there!s u tegal proceeding that may si�nificsintly uffect I.ender's righ�c in the Propernj (such as a
<br /> proceedin�in bunkcuptcy.probute, for cundemnatian or forfeiture or to enforce laws or mgulntions}, then Lender may do und
<br /> pay for whutever is necessary to protect the value of the Properry and C.ender's rights in the Property. Lender's acttons may
<br /> include paying any sums secured by a Iten whirh hati priority over this Security [nstrument. uppearing in court, paying
<br /> reasonnble attorneys'fces and entecing on the Property to m:ike repairs. Although Lender may tuke action under this para�raph
<br /> 7,i.ender dces not have to do so. `'
<br /> Any amounts disbursed by Lender under this paragraph 7 �hall bec�ome additional debt of Bc�rrower secure�l by this
<br /> ,•"'v '"r� Security Instn�ment. Unless Borrower und Lender aieree to othcr terms of payment,these amounts shalt bear interest from the �..
<br /> -��;�?:ti date of dtsbursement ut the Note rate and shall be payable. �vith intcrest, upon notice from Lender to Borrower requesting ��
<br /> • � payment. �+�•_
<br /> fkY=, .� - 8.Mortgage Insurance. If l.ender required mortgage insurance as n coadition of makin�the loan secured by this Secur�ty
<br /> j�`�°����'r'� Instn►ment, Bonower shall pay the premiums requirc�i to maintain the moragage insurance in effect. If, fur any reason, the
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<br /> .�:'?;�3h . mortgage insumnce coverage myuirod by Lender lapses or ceases to be in effect, Bo�rower shull pay the premiums required to
<br /> ,�;'>=?_'�. obtain rnverage substantcally equivalent to the mortgage insurance previously in effect,at a aost substantinily equivalent to the
<br /> •��`�"'- cost to Borrower of the mortga�e insurance previously in effect, from an altemute mortgage insurer npproved by I.ender. if
<br /> �= substanriaily equivalent mortgage insurance coverage is not avnilable.Borrower shall pay to Lender cach month a sum equul to •
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<br /> ' 'x`�� one-nvelfth of the yearly mortgage insurance premium being paid by Borrowar when the insurance coverage tapsed or ceased to
<br /> '"��•�?��?�� be in effect.l,ender witl acce�t,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve •�
<br /> �'14�"�%'., Form 3028 9190
<br /> �'�°��6. Pafle 7 a�8
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