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<br /> � .� �` 5.Bamrd�or Pmperty ansvr�nce. Basrowes s6aI1 &ap the impnovements anw exisiing or hrr�fter eYected on the . �°° � _ _ _.
<br /> ''� °' �� a • � .s Property insured aga,-nst loss 6y fue, 6aza�+�is iacludec3 within dre term'exteaded coveiage"and�ny ather ha7ards.incfudi� � -
<br /> <:���,..�� �'��_ ' . ?.� . ��,ftoods or f�ooding;for wluch L,e�ader requires insursace.T6is insurance shall be maintained in the amounts and for the pe�ods ` . ��f:�=_-_-
<br /> -`"��• , , `�'.''�° that L�nder requires.The insurance carrier�raviciing the insurance shall be cho,sQn by�orrower subject to Le�er's approvat —___=
<br /> =�`�;' �+�: ._� wIrich sitail nnt 6e�•�*p,w,nably witiilicld. If Borm«+�er fails to maimaia co�er.�ge described a6ove„ Leadcr afay. at Lendei's �____-
<br /> ��T:� • . � o tion.abtain wv w test Iender's ri ts in the Pra in as �++�with h 7. , ' �_'__'-_-
<br /> P �� Fro � P�rtY F��P . �_���
<br /> � • . � ° AII inss�rance policies and�rene�v�ls shall be aaceptable m I ea�c9er and s�all inciude a siaaidard mortgage clause. Lender �``_-M`==°---
<br /> ' �" '• . "r�. ' shall have tAc n t ta hold the oticies and renewals.If i.ender �L . --
<br /> Y� P reciuires.Bflrrower shall prompdy give to LRnder alt receipts of �,.r=±�;__-
<br /> �-�- -- -. paid premi�ams and�wal aotices.In the event of loss,Sorrower shal!gir•e promgt ccotise io ths.insuiaace ca�ier and Leader. . '�` - -
<br /> �• .. ' .�� . Lender may arafce proof of toss if not m�e�rompily by BoTrower. ��--:�
<br /> ��.:�• ,' ` .. , Unless Lender and Borrower otttetwise agee in uvriting,ic�suiance proceeds shail @e applied to restoration or rq�air of•the �-��
<br /> ' Prop�rty damaged.if tae restorarion or repair i§economiraliy feasible and I.ender's security is not IesseQed.If tii+e crstoration or _ -
<br /> _ " . repair is aot esonomicaliy feasibte or I.ender's s..curity v�ouid 6e lessened,the insmance prioceecl.s shatl 6e appiied to the sums� .
<br />: ;; � � � serured 6y this Security InsWment, whether or nnt then.due>with any ea�cess gaid to Borrower. If Boimwer abandons the . " _..
<br /> ;� ' � Property,or does not ans�ver within 30 days a notice from Lender that the insurance carsier 6as offeied to seuts a claim,then� �
<br /> ;;i. ° •4�,, . , l�nder may collect the insurauce pmce�ds. Lender may �e the praczeds ta repair or re��tks Progerty or to pay sua�s
<br /> -,� " ' �: ' secured by this Ser.uriry InsUmment,whether or aoi then due.Tde 30�day period will begin ahen the notice is given.
<br /> -�� � "� . �` �. Unless Lender and Borrower offienvise agcee in writing. any applirarioa of proceeds to PT�ncipal shall not e�ttet�oi
<br /> � ..- ' ` '. pastpone the due daie oi the monthty payments refPrred to �n paragtaphs 1 and 2 or ehamge the amonai of she paymeass."If • .
<br /> , ' � � under�paragiaph 21 the Property is acquired by Lenacr,Borr�,.:er's rag..t t. any ia•rcance�olicies and pmoeeds resulting from
<br /> � .. ` . d3IDa�e w the ProP�Y Pnar to the accprisition shall pass m Lender w the extent of the sums secu:ed by this Se�uiityInst�ent .
<br /> " � immediately prior to the acquisition.
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<br /> :.,:._.. ' 6.Qccupamcy,Preservation.MaIntenaaoe and Protect�on of the Propert94 Borcuwer's Loan Appiicattan,I.easeholds.
<br /> _ -'- - •
<br /> _;.�F . . . . - �$orrowershall oocupy.esr�blish.-and�yse the�Pcoperty-as Sartower's�FrinciPal�reside�c�cvithifl sixty days aftertht eucvtioa of
<br /> .,.:�����,"; �. this Security Instrument s�shall caatiaue to occupy the Propert}r as Borrower's principal Yesidence for at teast am year afrer
<br /> ��'"�'z'' ` the date of occirpancy,�mIess L.Qnder otherarise agees in writi�g,which oonseot shall.not b�tmieasonably R�thheld,oJ yntess . -
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<br /> , � � �'`•�;��� . extenuating circumstanres exist which are beyond Borrower's control. 8orrower sfiall nat d�stroy, damage or impair the
<br /> _:,,:� ...�... '` . Pc+�ixrtY.altow the Pmperty to deteriorate, or cammit waste on the�rope�ly. Bnrrower shalt 8e ia defx�lt if�a�p for�rium
<br /> . � action or praceed�ng,whether civil or criminal,is hegun tLat in Lender's good faith judgmem wuld restiTY����.-�.�"are�of,the .
<br /> . .< - Property or othenvise material[y imgair the lien created by this Security Instrument or I.ender's securctjr in�t.'Borrqwer may
<br /> • °��.'� care sach a default and reinstate,as provided in paragraph 18.6y czasing ttie ac�ion or pmeeediugt�be dismissed with a rulIng . ---
<br /> • � ' ':��'F� • that. in [.��pr's gaod faith determination, precludes forfeitum aL- �ie Borcower's interest %i�:flra Property or other material
<br /> .' � .`• '�, '`��-��'. ' impairment 4�c the lien created by this Scxuriry Instnrment or Lendei's sccurity inteiest. Ea�i���r s}�all also 6e in default if
<br /> � . � Borrower,du�--:,1$the toan application pr�cess.gave materially false or inaccurate�aformat�on c�*'3tatemen4s W Lender(or fai�ed
<br />�,� �,�,.�,; , ' , to provide L.ender nriz��:rnaterial information)in connection with the toan e��:noed by the Nate.incl�ding,but aot limited
<br /> `.�`�"'"� '� �:, ' to.representations ccrsx� Sorrower's o an af the Pro e as a n al residence.If t3�is S
<br /> (;:i�•;, � r,,, �S �P �Y P �3+ Pi'� �P ecaritY Insirament is on a �
<br /> , leasehotd. Eerrflwer shali comply with all the pravisions of the le�se. If Bonower aequires�fee,utle to the Pmgerty. tke
<br /> • ' . ��' leasehold a�#,r,�e fee 6tle shall aot merge anless Lender agrees to the merger in wridng.
<br /> - • ' . 7.PmYCCt�on of Ler.der's Rlghts in the Froperty.If Borrower fails to perform the covenants and agreemeats cantained in
<br /> this Security Instrumemt.cr there is a legal proceedi�g that may significantly affect I.ender's rights in the i�tupe�ty�(stich as a �
<br /> _ . ' , � proceeding in bankrµpuy.probate.for condemnation or forfeiture or to enforce laws or r+egtilatians).then Lender may do aad
<br />_ • pay�for�..�,.�ver is neeessary to protect the valae of the Property sind I.ender's righu im the Pnuperty. Lender's actio��p�ty
<br /> - , include paying any sums sectired by a lien which has priority over this Security Instrurn�t. appearing in court, paying� . ,
<br /> • � reasomable attomeys'fces and entering on the Property to mal:e repairs.Although Lender may rake aciion undet this paragraph. �`
<br /> >°• •'"� � 7.Lender does nol have t�do so. � -
<br />�;�;,;;,���;s� ,�; Any amounts disbu:sed by Lender under this paragiaph 7 sha11 becorrt::a�itional debt of Borrower seaired by this '.
<br /> "':;r'`', .�}`::,;.';,r;;'�.� Security Instrument. UNess Borrower and Lender agree to other terms of payment,these an;ounis shal!bear interest from the -
<br /> 4, , ' ;.,,,;;f:,. '
<br /> • �. date'of disbursement at the Note rate and shall 6e payable. with interest, upon notice from Lender to Borrower requesting
<br /> _ _, ., - . .. . payment. , • . -
<br />-- �;� .• .• S.biortgage Insurance.If Lender required mon�age insurance as a condition of making the loan secured by this Security �r
<br /> =••a," �`• Instrument. Borrower shall a the remiums r � `��"� -
<br /> . „ p y p e�iTrad to maintain the mortgage insurance in effect. If,:fi�any reason..the �_=-
<br /> - ,' mortgage insurance coverage requirad by Lender�lapses or ceases tn be in effect. Boaowes sh:�li pay the premiums require�£to �;r-`a---�--
<br /> �y,, f^ obtain covr:r��e substantially equivale�to the mortgage insurance Freviously in effect,at a arrt.substantialiy equivatent to ihe ='`�=�-�v�
<br /> -"'``- cost to Borrower of the mortgage ins�unce previously in effect. from an attemate mortgag�insurer approved by l.ender. If .�:����. '
<br />�� � snbstantiall ivatent mort a e insurance covera e is not avai(able. Borrower s1_all -�'�''`�'�"�-
<br /> �;:;,:• ` • Y�N g s � PaY to Lender eacb month a sum equal to .,.;�„..:.: .
<br /> � one-twelfth of the yearly mortgage insur�nce premiura being paid by Borrower�hen the insurance coverage lapsed or ceased to ' - " •
<br /> °�'�''',°� � • " � , � be in effect. I.ender will accept,use and retaSn these payments ag �loss reserve:� lieu of n�o�tgage insutance. Loss reserve �h��r.�i� .
<br /> _ .5 ' • ...
<br /> - .� ••��� Form 3023 9190 . • �
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