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<br /> �,� � . S. �rd or Propeny Ins�auce. Sorcawer s6a11 [ceep tfie improvements now existing or hereafter eresied on tlie . .
<br /> _ - : Pra�rty insured against loss by Gre.hazzatds incinded within the term"extended wverage"aztd atry other ha►��rds, inciuding : �� ,��:�-`` �
<br /> ``.` `< � '�` ' � EIOOQS OF EZOOQIISa. for�vhich I.�nder cequires insurartce.This insurunce shall be maintaine�l in the amaunts and for the pzriads " ,' ,. .. , :
<br /> thai Lender requires.Ths insurance carrier providing the insurance shatl be chasen by Borrower sub,{ect to Lendei s apgroval � � �: � ', c..
<br />- . �vflich sha11 not be uareasonably wit�hcld. If Borrow�r fails to maintain wvcrage described above. Lender may,at l.endePs �� "��`, ��� �}�`.
<br /> ', . aption.4btain coveragc to protect t,ender s rishu in the Property in accordance with paragraph 7. �� . . .
<br />- `, • �F���' A!!insurance palicies and certewal�shall 6e acceptable to Leader�nd skal!inctude a standard mortsage clause. i.ender -�_��
<br /> , . � � . ° shal!havc the righa to hoid the poiicfes and renewais.if Lender requires,Borrower shaU prompily'�ive tu Lender a11 receipts of •. ' •• ' _
<br /> � • paid premiums and renewal notices.[n the event of Ioss.Borrower shail give pmmpt norice to the insuiance carrier and l.etider.
<br /> �-=�--: l.ender may make proof of loss if not made promptly 6y Borrower. _ ' � t _,` :
<br /> ��`< • . Unless Lender and Borra�xer othenvise agcee in writing.insurance proceeds�ha116e applied to cestor�tioa ar repair of the �^ } �� °' °
<br /> ` Pro dama ed, �f the restazation ar r ia ecoeomicall feasible and I.ender's seturi is nat lessened.If the restoration or � � '' = r �+� _�_"
<br /> . � ,�' P�Y S � Y tY� °a�.,,��-:� .:,,
<br /> �s' .. repair is not eco�omically feasible or i.ender's security would be lessened,the idsutance procceds shall 6e applied to the swns _ ,�.-_:,-�_,��
<br /> ' ' � .r ` F' secured by this Security instrument. cvhether or not then due, with any excess paid to Borrower. If 8orrov�er•abandom the ` �- -z`"" =-
<br /> ,t�".�_�-�• ,
<br /> � ` , � Property.or daes not answer within 30 days a notice from Lender that the insurance carrier has offered to settte a clvm,then �,�,^.,�_� -:_
<br /> �. , Lender may collect the insurance proce�eds. Lender may use the proceeds w repair or restore the Property or to pay swns ��-�°=-- �-
<br /> ��.�`:. '• ' .'� secured 6y this Seswity Iosuument,whether or not then due.Tde 30-day periad wi11 tsegin when the natice is given. —
<br /> �_ , ` . Unless Lender and Sorrower otherwise agree in writing. any applicaticn of pror.eeds to principal shal! not extead or ____- �
<br /> � �, • gostpone the due date oi the monthty paymenu referred w.in.paragraphs 1 and 2 or change the amouai o€the paumeats.If _---
<br /> � � � � °� . ' under paragraph 21 the Property is acquired by Lender.Borrower's right to any insnrance policies and proo�restiltiag from __--
<br />_ � < .. damage to the,Property prior to the as+�uisiuon shali pass to Lender to the excent of the sums secured bx this Secariry Instrumeai '
<br /> . . ' �, � . immediately prior to the acquisition. ' ' �-
<br /> � .. `;,`' 6.Ocatgancy,Pr�ervaSion,Maintwance and Frotecl�on of the Pmt�eriY,Borrower's Loat�ApplIc�tio�a;I�lds. _
<br /> �- � `_ __ _ Borrower shall occupy,establish.and use the Propetty as Borrower's principal residence arithin sixty days after the eaeeudon of-;; : -
<br />- . ' � � � [his Securiry Inslrument and shall continue to occupy the Property as Borrower'�principal resideace fnr at lea��t one yeaT aRer;�,'� :
<br /> � the date of ocFupancy.unless I.ender otherarise agrees in writing.,whicb consent shall not b$anreswnably withheld,or unless �
<br /> � `�� extenuating circumstances racist ahich are beyond Borrower's cantr+ol. Borrower shall nnt destmy, damage ar impair Qie
<br /> • . Property. allow t��Pnaperry to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeiriure
<br /> . • . •-r� action or pmeegf*r,�,whether civil or criminal,is begun that in Lender's good faith jndgment could.:a�es�elt ia forfeiwre af the_ ,, ___
<br /> , � . Property or otf-.�:ise matedalty impair the liea created by this Seauity Insuunent or I.ender's secu�.�i"ty.=intet�esi. Borrowea may
<br /> . ' ` ; • cure such a default and reinstate.as provided ii►pasagraph 18,by causing t8e action or praceeding to sre dismissed with a nilin$
<br /> �: , ' , that, in l.ender's$aad faith deterrrrination, precludes forfeiture of the Borrower's interest in 3he Piroperty or ather material
<br /> , • . � impaim�ent of tt�r, lien created by this Securiry Instrument or Lender's security interest. Bnrro�ver shall al�o�bc i,n defau►t if ' . _ _
<br /> .. ' Borrower,durir?�"s�:loan application proress,gave materially false or i.ch.ccurate information or sta:ements to I.ender for fa�ed;� .
<br /> ' �� to provide Lende:with any material information)in connection with tlze"L•.:�n evidenced by the Note,including,but noi limited�.., ,•
<br /> ;:',, ' to;representations conceming Enrrower's occupancy of the Property as a grincipal residence.(f this Security Instaument is an a.. ,.:
<br /> ' • . . leasettold. Horrower shall cacr�*�q with all the provisions of the lease. If Bor�our�:�aJuires fee titTe to the Property, thr;;•.'• •
<br /> ; '•� , � � ,� leasehold and t�c fze tide sDall not merge unless Lender agrees to the merger in wri6n�. . � '. �
<br />. � ` 7.Protect�at�of Lender's I3ig1►ts in tt��ioperty.If Borrawer fails to perfa�m the covena.-�ts�.�d agee�ents contained ian
<br /> , � � `' • , this Security Ins�:..ment,or there is a legal groceeding that may signif cantly affect Lender's ri�:�;:s�the Property(sacb as a.
<br /> • ��:• " proceeding in bankruptcy.probate.for condemnation or forfeiture or to enforc�laws or zegulatior�,,,zhen Lender may do and
<br /> � : _ � � pay for whatever is necessary to protect the value of the Property and Lender's rights ia the Property. Lender's actions may m�_
<br /> ` � include paying any sums Secured by a lien which has priority over this Security Ec.,.rument, upyearing in'oaurt. paying -
<br /> � � „ reasonable attorR_,:�:�'fees and entering an the Property to make repairs. Although Len�er may take�s�Ion under this paragraph �
<br /> . 7.Lender does not have to do so. .� • , —
<br /> " Any amounts disbursed by Lender under this paragraph 'I shall become addiu�nal deGs of Boaower secured by i�i����
<br /> •�, Secucity Instrument.Unless�arower and Lender agree to other terms of payment, tis.cya amounts shall bear in�a-�fr.nm the
<br /> ' 'a'' •. • dat,:of disbursement at the t�t��qe rute and shall be payable. with interest. upon rtc�cx from Lender to Borrc•�:requesting
<br /> ' � '. paymenl. � —
<br /> �, •, , � ' S.Mortgage Insvrunce.lf l.ender required mortgage insurnnce as a condition of making the I�secured 6y this Seeuriry . �±z_ _ __
<br /> . �� /nstrument. Borrower shaA pay the premiums required to maintain the mortgage insurance in efre:t. If, for a�r reason, the �=��'�
<br /> � � ' mert�age insurance covcrage rcquired by Lender lapses or ceases to be in effect.Borrower shall•pay the premiur.ts tequired to �=�'�
<br /> .��' ���-:
<br /> . obt�in coverage substantially equivalent to the mortgage insurance previously in effect. at a cost substantially ect�ivalent ro tfie ;',��'�:�, �:
<br /> �, cost to Borrower of the mortgage insurance previously in effect. irom an alternate mortgage ia��r appmved by 1,Qndes. If - ' � '�`;��`
<br /> ; ,.,, _:. ..;�, .
<br /> _ substantially equivalent mortgage insurance coverage is not available.Sarrawcr shall pay to Lcn�:r cach moath a sum cqual to �r �'��'..:-
<br /> - . � one-twelfth of the yearly mortgage insurance premium beiag Qaid by Borrower when the insurance coverage lapsed or ceased!o . - .
<br /> % � be in effezt.Lender will accept.use and retain these payments av a loss reserve in f i.�u of mortgage insurance. Loss rescrve • � •
<br /> •'.'r.: FQtTA 3028 9/9Q •.
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