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<br /> 5. Hezerd or Property Insurance. Horrower shntl keep thc imp�nvementa nn�v e�� oi IleiCditcr Ci�%ii.d 01] tllc
<br /> Properry insured a�uinst loss by fire. hu�ards included within the tcrm °extended covernge"und any ather haznrds, including
<br /> floods nr tlooding. f�r which L.endcr rcquires insurancc.Thih insmm�cc sh�il be maintnined in the wnounts u�td for thc periods
<br /> that Lender requires. The insurnnc.;canier providing the insurunce shall be chosen by IIorrower subject to L.ender'A nppravul
<br /> w8tch shall nut ba imreusonably wlthheld. If B�nower fnils tu muintaln covcmgc described ubave. l.endcr tnay. ut i.ender's
<br /> option.ahteln coverngc to protect Lender's righta in the Froperty in accorduncc wfth paragraph 7.
<br /> AU insurance policiev�md renewnis shall bc uc�;eptablo to [.ender and shull include a standurd mariguge clause. I.ender
<br /> shali hnve the�fght ta hold the policies und rencwulR.If Lcndcr requircs, Bormwer gh�il pmmptly give to l.cndcr nll receipi�x uf
<br /> puid premiums und rencwul nuticea. in the cvent af loss.Borrower shull givc prompt nnlice tn thc insuruncc c:trricr and [.cnder.
<br /> L.cndcr may muke pmof i�f Inss if not made�mmptly by Bnrrnwcr.
<br /> Unlr�s l.cnd�e nnd tiorrawe��i�thenvltic ogrc�in writing,insurunrc prihceds shull be upplicd to restnration ur nepair of the
<br /> Prapeay clamageci.if the re.r•mratlun ur repair is econnmirully fensible und I.cnder's r�ecurlty is nat IestienuJ.lf the restn��atian ar
<br /> ee�rir is nnt cra�iumically feastble oe l.eitder'w sccudty w�iuld be leascncd, the insumnce pracee�is shult bc upplicd ta the sums
<br /> r;ccured by this Sccurity Instrumcnt. �vhcthcr ur not then dae, with uny cxcesg puid tu Borrower. !f Bormwer abandons the
<br /> Froperty. or dacs not uns�vet within 3Q dnya u naticc from I.endcr thut thc inyurancc currier has offerai to settic a claim, thcn
<br /> Lender may collect tha insuruncc pracecds. L.ender muy we the proceed� w repair ur restore the Property ar to puy sums
<br /> secured by this Security lnstNment.whether o�not then due.The 30-dny period will begin when the nottce is gjven.
<br /> Unless L.ender und Bonower utherwise usree in writjng. uny application of proceeds tn principal shall not extend or
<br /> postpone the due data of the inonthly paymen�s refened to in purngruphs 1 and 2 or change the umount of the payments. If
<br /> under paragraph 21 thc Pruperty is acquired by[.ender. Borrowcr's right to any in.gurAnce pollcle.g und proceeds resulUng frum
<br /> d��e to the Property prior to the acquisition shall pass ta Lendcr to the extent of the sums secured by this Security Instrument
<br /> immediutely prior to the acquisition.
<br /> b.Occupancy,Preservutlon,Muintenunce and Protection of the Praperty;Borrower's Loan Application; Leaseholds.
<br /> Bormwer shnll occupy,establish,and use the Property as Barrower's principal residence within slxty days after the execution of
<br /> thia Secur�ty Instrument and shall continue to occupy ttie Properry ac Bc�rrower's principal residence for at leaFt one year after
<br /> the date of occupancy,unless Lender othenvise a�rees in wdting. which cans�nt shall not be unreasonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's control. Harrower shall not destroy, damage or impair the
<br /> Property. allow the Prop$cty to deteriorate,ar cammit waste on the Property. Bonower shull be in default if any forfeiture
<br /> action or proceeding.whether clvil ur criminal,is besun that in Lender's goad fuith jud�ment could result in forfeiture of the
<br /> Propecty or otherwise matedally impair the lien cmated by this Secudty Instrument or Lender's secur�ty interest.Borrower mey
<br /> curc�cFs a dcfault�d s�ir�t�te,a�proiis3�!in�rsgrsph!8.by causfag the action or groz�ed':ng to!x�ism4sseti wfth a n�l�ng
<br /> thut. in C.ender's goad faith determination, pr�ecludes forFeiture of the Borrower's interest in the Pmpeny or oth�r mater�al
<br /> impairment of the lien created by this S�urity fnstrument or Lender's security interest. Borrower shall nlso be in default if
<br /> Borrower,dudng the loan upplicution process,gave muterially false or inaccurate information or statements to L.ender(or failed
<br /> ,,k to provide Lender with any materiul informatlon) in connectlon with the loa��evidenced by the Note, including,but not limited :
<br /> ,"��; to,representatians concerning Borrower's occupancy of the Property as a principal residence.If thls Seruriry Instrument!s an a .�
<br /> leasehold. Borrower shall comply wtth all the provisions of the lease. If Bonower acquires fee title to tt�e Property. the ��>..
<br /> leasehold and the fee tttle shall not merge unless Lender agrces to the mer�er in writing. ''� .
<br /> 9.Proteetton of Lender's Right�in the Property.If Borrower fuils to perform the covenants and agreements contained in `8"Y�
<br /> this Secwiry Instrument. or there is u legal praceeding that may significantly uffect Lender's rights in the Property(such us u ''�:`�"
<br /> �, proceedin�in bsnkruptcy,probate, for condemnation or farfeiture or to enforce laws or regulations).then[.ender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. L.ender's actions may ,,.,,
<br /> include paying uny sums secured by a lien which has prlority over this Security Instrument, appearing in court. paying ' �''
<br /> reasonnble attomeys'fces and entering on the Prope�ty to makc repairs. Although Lender may takc action under this paragraph "''
<br /> 7.Lender does not have to do so. '��
<br /> ' � Any amounts disbutsed by Lender under this paragraph 7 shall become additionnl debt of Borcower secured by this
<br /> Secur(ty Insdument. Unless Horrower and Lender ngree to otl�er tcrnis of puyment, thcse amounts shall bear interest from the
<br /> dute of disbursement at the Note rate and shall be payable. with Interest, upon notice from i.ender ta Borrower requesting -
<br /> payment.
<br /> t.,t S.Mort�e Insurance. If I.ender require� mon�age insurance as a condition of makin�the loan secured by this Security ��
<br /> �:'� Instrument, Borrower shali pay the premiums required to maintain the mortgage insurance in effect. If, for any reason. the
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<br /> ,� mortgage insurance covernge requic+ed by I.ender tapses or cesues to be in effect, Borrower shuU pay the premiums mquired to
<br /> obtnin coverage substantialiy equivalent to the mortgage insurance previously in effect.at u cast substantially equivulent to the
<br /> cost to�arrower of the mortsage insumnce previously in effect, from an altemate mort�a�e insurer upproved by I.ender. lf
<br /> �'" substentially equivalent mongage insurance mvernge is not avuilable,Borrower shali pay to Lender each month a sum equul to
<br /> • :'��,"�F:: one-twelfth of the yearly mortgage insurance premium being paid by Bormwer when the insurnnce coverage lapsed or ceused to
<br /> ,;s'i� be in effect.Lender will acr.ept.use and retain th�.se pnyments as a loss reserve in tieu of mort�a�e insurnnce, L.oss ceserve
<br /> � Form 3028 8/90
<br /> PopO 3 of 6
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