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<br /> r � 5. ll9rard ar ti'raperty Insurancs� garrpwer shall kap eho improvcsncma nqw oxi�tinq Ar hercafeer eraxta3 un the
<br /> I 1'm�t:rty in4urccl A�ai�tyt 1usN Uy .firc. Itu•r.urds inrla�icd wit6ii� tlio tcrm "cxtcnded mvcragu"u�►d�u�y�r[6cr h;t:r,urals,ic�cl��Jii��
<br /> f�oixls or fl�Kx�ii�g,f.►r whfch I.cau!cr reyulrc9(nsnraucc, Tl�i9 invuraucu ahafl bc mal�ataincd in Nae ut�x�untw aixt fi�r ih� �Cri�ds
<br /> fltil I.CqQlM tlY,il�l'CS. 'PhC III.+�i1fAi1CC l'Afl'ICC(lIYtYItl�tl(j lI1C IIl�IifHI1CC tihRII hG Ch()3Ct1 by�OI1'OWN!6WI1��Ct lID I.CYK�Ct�B 8f1pflDV11�
<br /> which ehRll tx►t t+�unrruM�na6ly witl�heltl. IP B�srmwer Pails to ntnintain mvcraga descrlbr�l atxrvc. Ix�der may. u[.endcr'�
<br /> � �ption,c�Mwin rnvcr�ge to prcx�t I.cixfee'e rishta in tho Froperty in s�ordwnce w�th raragraph 7. �
<br /> All insurance�nlietes u�nd renewuls�hall bc racee�table to[.ender nnd shnll Include u stnridurd mortgaga clause. I,�nder
<br /> I shall havo thc rlght tu halc!thc palictes and renewala.If I.endcr rcquinw,Barrower alwlt pramptiy givo to I.cndtt all teceipts u�
<br /> puid premtumy u»d r�enewnl notices.In tho event of lnss,Horrower ahuil giv�prumpt nodce to the iasuranca carr�er aid Lender.
<br /> t.ender nwy nwi��proof af loss if nat made promptly by 8orrower.
<br /> Unless l,ender and Boms�wr.rotherwlse ogreo in writing,Ensurance proceeds shall be applicd rn nstoradon or rep�irof tha
<br /> Froperty damsaged,if tho restoration or repaip is ecunomicnlly feasible and Lendcr's r�cudry ia not lessenod.Ii the ratoradon or
<br /> repair ia twt ccconomicully feastble or I.ender's security wauld be lessened,the insurance prococ�.9 shall be applicd to the sums
<br /> secured by thfs Secu�ity Instrument, whether or not then due.wlth any oxa�s p�id to Bormwer. If Borrow�r ab�qdotul ihe
<br /> Property.or does not unswer within 30 days a natice fram Lender that the insurance cArrier has offera!to settta a claain, then
<br /> l.endtr may coliect the insurance prnceeds. [�ender raay use the proceeda to repair or restor+e the Preperty ur to pay sums
<br /> secure�by this Securiry Instrument.whether or not then due.The 30-day period will begin when the notice is given.
<br /> Unless I.ender und Horrower otherwtse ngrec in writing,any upplicat�an of prncceds to princ9pal shall not extend or
<br /> postpone the due dete of the momhly payments referred to in para8capha 1 and 2 or change the amount of iho payrrients. If
<br /> under paragraph 21 We Property is acquiced by Leader.Borrower's dght to any insurance polIcies and proceads c�esulting fram
<br /> damase w the Property prlor eo the acquisitIon shaU pass to I.ender to the extent of the sums secw+ed by thts Security Instrtument
<br /> immediately pdor to the acquisItion.
<br /> 6.Occupancy,Preservatlon,Meintenance and Protection of the PropeKy;Borrower's Loa�Appltcation; Leasedolds.
<br /> Horrowet shall occupy,establish.nnd use the Property es Bonower's principat resldence within sixty days after Ne ezec�don of
<br /> this Securlty Instrument and shell contiaue to occupy the Property as Borrower's pdncipal residence for at least one year after
<br /> the date of occupancy,unless Lender otherwlse agrees in writing, which consent shatl not b�unreasonably wiQzheld,or ualess
<br /> eatenuating circumstances exist whtch are beyond Borrower's control. Borrower shal! not destray, demage or impair the
<br /> I'roperty. allow the Property to deter�orate. ar commit waste on tho Property. Borrower shall be in default if any forfeiture
<br /> actton or proceed�ng. whether civil or crimjnel, is begun that in I.ender's good faith judgment could result In forfelwre of the
<br /> Property or otherwlse matefially impair the lien created by this Security Instrument or I.ender's security interest. Borrower may
<br /> cure such a defuult und reinstate,as provided In patuferaph 18.by causing the actlon or proceeding to be dismissed with a tuling
<br /> that. in L,ender's good faith detecmination. precludes forfeiture of the Borrowcr's interest in the Property or other rnaterial
<br /> impairn�ent of the llen created by this Security Instrument or Lertder's securlty interest. Bomnwer shaq also 6e in default if
<br /> Borrawer.during the loan application process,gave materially false or inaccurate information or statsments to Lendet(or failed
<br /> to provtde Lender with uny material information) In connection with the loan evidenced by the Note. including. but not limited
<br /> to,representations concerning Borrower's occupancy of the Property os a principal residence.If tMs Securiry Insuument is on a
<br /> leusehold. Borrower shall comply wtth all the provisions of the lease. If Borrower acquEres fe� tide to the Properry, the
<br /> leasehold end the fee tide shall not merge unless I.znder agrees to the merger in wrltin�.
<br /> 7.Protectton of I.ender's Righta in the l'roperty.If Borrower fails to perform the covennnts and agreements ronta{aed In
<br /> this Secucity Instrument, or there is n le�al proceeding that may sign(ficently affect Lender's rlghts in the Property(such as a
<br /> pro�eding in bankruptcy. probate. for condemnation or forfeiture or to enforce laws or regu[ations).then Lender may do and
<br /> pay for whatever ia necessary to prntect the vntue of the Properry and L.ender's rights in the Property. l.ender's acddns may
<br /> include paytng any sums secure� by a lien which has pdoriry over this Security Instrument, appearing in coutt, paying
<br /> reusonable attomeys' fees and entering on the Property to muke repairs. Although Lcnder may take action under this pa.ragraph
<br /> �<< 7,Lender does not have to do so.
<br /> Any amounts disbursed b�� Lender under this paragraph ? shall become additional debt of Borrower secured by this
<br /> Security instrument. Unless Borcower and Lender agc�to other terms of payment,these amounts shall bear interest from the
<br /> • date of disbursemeM at the Note rate and shall be payable, with interest, upon notice fram I.ender to Borrower requesting
<br /> �'"�" payment.
<br /> '+� I
<br /> S.MortgaAe Insurattce. If L.ender required mortgage insurance as a condition of making the loan secural by this Security
<br /> ';�;,. Instrument. Bomower shall pay the premiums required to maintufn the mortgage insurance in effect. If. for any reason, the :n�
<br /> �'>'��'� mort a e insurance covera e r uired b Lender la ses ar ceases to be in effect, Borcower shull �"�
<br /> � g S 8 e4 Y P paY the prem{ums required to �;.�
<br /> �.;;� obtain coverage subswntially equivalent to the mongege insurance previously in effect. at a cost substantialty equiveknt to the � .
<br /> .,�rc,; �', rnst to B�orrower of the mort�age insurance previously in effect, from an altemate moctga�e insurer approved by Lender. If �' ��
<br /> � � substantially equivalent n�ortgage insurance coverage is not available.Bormwer shall pay to I.ender each month a sum equat to -�: •�r
<br /> '�j'''����= one-tweifth of the earl mort n e insurance remium bein aid b Borrower when the insurance covera e la sed or cea.uxi to
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<br /> _�` be in effect.L.ender w[II accept,uso nnd retain these pnyments as a loss reserve in lieu of mort�age insuranee. Lass resecve
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