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<br /> S. 8s7ard or Proy�erty Insurance. Horrow�r stiatl kecp the improvcments now cxisting or hercaftcr rrectecl on the
<br /> � Praperty insured ugainst loss by fire. huzurds includer tvlthin th�tzrnn "extcndsd corcr�gt" �c!uny ntLer liarards. iu,(udina ;�
<br /> - - fToais ar ftaadia�;,fcr which Lertder�equires fswursnc�.'ihis�nsur,us�s4s:ll 4�=u�.�ln�:int�t 4n t!�nm�u��t�nnr for tl���dntx
<br /> that Lender reyui3es. The insurAnce carrier providing the lnsurance sh:dl he chose.n by BoPrower enbjcct to I.c�xler'� Appmvu!
<br /> which shatl not be unmasanabiy withheld. If Borrower fttils to muintain coverag� dcscribed ube>ve, Lcnder muy.ai I�ender'm
<br /> uption.obtain covcrege to pmtect Lendor's rights in�he Arnperty i�nccord8nco with parngrupl�7.
<br /> All Insurance policies and renewals shall be acceptsblc to I.ender and shall include a sttutdard tttattguge clnufie. i.encler
<br /> shall have the d�ht to hold the poficiee and renewais.If LcrKier requires.Borrower aball promptly givrto J.a�xicr xi!�ealpta of
<br /> paid pt*emiams and renewat aotices.In�he event of toss,Bonower shnll glvc prampt notiw to the insuranrc aattier and I.tnder. ,
<br /> i.ender muy mak�proof of losa tf not mada pron�ptly by Borrower.
<br /> Unless Lender and Borrower othenvise agres in writtng. insurance proceeds shall be ap�lte�l to Xestorntion or ropair�f the
<br /> Prape�:y darnaged,if the restoratton or repair ia economically feasible ttnd Lender's secudty is nat les:tencd.IP tite resi��rattan or
<br /> repdr is nqt ecanomtcaily feasible or Lender's securIty would be lessened. the insurauce proceeds ahali bo applial to tho eums
<br /> secured by this Serur�ty Insu4upent� whether or not then due,with any excess paid to Barrower. If Bnrrowor�bandons tha
<br /> Prbperty,ar d�es not aaswer.withia 3Q days a notice from L.ender tqat the incur�ueco carrier hns offered ta scttle a cla�im, then .
<br /> L.onder may wllect the insurance�prace2ds, I.ender may t�se ths proc�eeda to repair or re.�tore the Property ar to puy eumv
<br /> seeured by thls Securtty Inetrument,whether or not then du�.The 30-day pedod will begln when the nodco ix given.
<br /> •�;�." Unless I.ender and Hortawer other+vise agree!n writing, aay applicntion af proceeds ta pdnotpal shnll,not oxtend or
<br /> postpone the due date oi tha monthly payme�tts refermd to In paragcaphs i and 2 or cdange the amaunt of the paymrnt�. If
<br /> under paragraph 21 the Prop�ity is ecquired by Lender. Eorru�ver's rI�ht to any insurance p�!lctes ated proceeds resWting from
<br /> `• da.mege to tho Property prior to the acquisition shatl pass to L.ender ro tha extent of the aums secure�by this SecurIry Inswment
<br /> F„a,,,.�,,�„ �,. immediately pdor to the ncquisitton.
<br /> ••�.;�;•:•,,�-:' r.` 6. Occupancy,Yreservatton,Mafatenance aad Protection of the PrQperty;Borrowcr's I.opn Applicntlon;I.easehalda.
<br /> ' Bonower shall occupy,establish,and use ti�e Propeny us Borrower's prIncipal reaidence within sixty daye after che exec�tion of
<br /> �'�i�-.';�''' `:-•.4'�`�� this Secudty lnsnvment and shall wntinue to aaupy the Property as Aorrower's principal residence for ut least one year after
<br /> -•tir•` the date of occupancy�unless L.ender otharwise n�rees in writing. w1�Ich comant shall not be unreosonably withheld.nr unless
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<br /> . ,�>>ti;•�;�t,f,�� extenuating drcumstanccs exist which are beyond Horrowcr's cantrol. Borr�wer shull not desuoy. damage or impuir the
<br /> ��:,9 F;,,.<,. ,*"a: Property,allow the Property to deterto�te, or commlt waste on the Propeny. Horrower sbaU ba ln default if any forfeiture
<br /> �c�;*`'.'� .� •�� . action or procceding. whether civil or criminal.is begun that in,Lender's gaod fatth judgmant could re.4ult in forfelture of the
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<br /> �""" " •'' Property or atherwiss materially impair the lien created by this Secudty Instrument or Lender's security interest. Borrower may
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<br /> _�,•� CIIrC RIICM 11({CfAUIt AT4fI 7P��IF���P�(1C TnVII�PI�1�i 1%1 �$ �i �R.�1 C${�ri�sl ��1P Qf`*�0}1 C�C T'(MP��11 to hp dism4ase�with a n�4�
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<br /> that, in L.ender s good faith detetmination, precludes forfeiture of the Borrower's interest in the Property or other mnter�al
<br /> +�.:!:'.- ,,��` <,t�:7� impairment of the llen created by this Secudty Instrument or Lender's security interest. Borrower shall also be ln default if
<br /> ', Borrower.durin� the loan appltcation pracess.gav�mater�ally false or inaccurete informatlon or statements ro Lender(or fuiled
<br /> . •� • to provide Lender with any material information)in wnnecdon with the loan evidence�by the Note, including,but rtot Iimited
<br /> • ta.representations cor�ceming Borrower's occupancy of the Property as a principal residence. If this Sec�rrity Insttumen2 is on�
<br /> •• ° ' " lessehold, Borrower shal! comply with all the provisians af the lease. If Bonower acquires fee title to the Propc;rty. the
<br /> � " , '' lexsehold and the fee tide shall not merge unless Lender agrees to the merger In wrlting.
<br /> ` ' 7.H+otecNon of I.ender's Rights in the Property. If Borrower fails to perform the covenents and a�reements conttillned in
<br /> ' "''. �" . ' `" this Securiry Instrument, or there is a legal proceeding that may slgnIficuntly uffect Lender's dghts jn the Property (such as a
<br /> � '„ . praccedin�in bankruptcy. probate.for condemuation or farfoiture or to enforce laws or regulations). then Lender may do and
<br /> ..:•;, ,� pay for whatever ia necessary to protect the value of the Property and Lender's ri�hts in the Property. Lender's netinns may
<br /> ' , include paying nny sums secured by a lten whlch has pdorlty over this Securlty In.gtrument. appearing in wurt. puying
<br /> ' , reasonable attomeys' fecs and enterin�on the Property to make repairs. Althou�h C.ender may take nction under this parugrnph
<br /> • T, Lender doa not have to do so.
<br /> Any arnonnts disbursed by I.ender under thes paragraph 7 shall become additianul debt of Borrower secured by this
<br /> , Security Instrument. Unless Borrower and Lender agree to othcr terms of payment, these amounts shall bear interest from the
<br /> . datc of disbursement at the Nate rate nnd shall be nayable, with interest, upon notice from Lender to Borrower requestin�
<br /> - payment.
<br /> .. ' .. ;, 8. Mortga�;e Insurance.if L.ender required mortguge insurnnce as a condition of making the loan secured by this Security
<br /> � , Instrument. Horrower shall pay the premiums required to maintain the mongage insurance in effect. If. for any res�son. the
<br /> � . , martgu�e insurance coverage required by Lender lapses or ceases to be in effect,Borrower shaU pay the premiums requ�red to '�
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<br /> y. ' ' obtain coverage substantially equivalent to the mortgage insurance previously in effect. ut a cost substuntially equivulent to the ,3
<br /> „ ' � cost to Bonower of the mortgage insurance previausly in effect, from an alternate mortgu�e insurer approved by Lender. If -
<br /> ' �. ° substantially equivalent mort�n�e Insurance coverage is not uvailable, Borrower shall puy to L.ender each m�nth n sum equnl to -
<br /> '• • one-twelfth of the yeurly mortgage insurance premium being p�id by Bonower when the insurance wvernge lupsed or ceasal to "
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<br /> be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mort�age insurance. Wss reserve
<br /> :;; ,� Form 3028 8190
<br /> , Poeo 3 ot 8
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