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<br />-`�'_��-_?-=r_��� 5. Nazt�r@ or �'o�rerty Insurunce. Durrawer shal! kecp thc imprmements nnw cxisting or hereaftcr crectcd on the ____
<br /> . =---_�-����- Pri�porty insured lgainst lo;s by i'irc, hat��rds included within tlie terni "extended rnvcragc" .md any othcr haruds, including
<br /> •r'ti;�'�::�'. ,� ' � __ -
<br /> ___ aY,.•.,,,�,, tlaods or tloadin�, fur wl�ich[.cndcr rcyuires insurancc. This insurancc shall bc maintaincd in thc amounts and for thc periods
<br /> '—__ that L.endcr rcquirc9. Ti:c in�urancc carricr providing thc insurancc shall bc choscn by porrowcr subject w l.cndcr'ti approv�l '
<br /> '<,.. .
<br /> �:�.��� '..-� which tihall not be unreasanably witlihcld. If Dormwcr fails io maintain covcragc dcscribed cibnvc. [.cnder may, at Lcnder's � _-,_
<br />� -. .. _�:
<br /> ��� '°"'�='a aption,obtain covem�c tu protcct Lender's riglits in the Propeny in acwrdance�vitfi paragruph 7. _ '"`"
<br /> �� � ="����� All insurance policies and renewuls shall be acceptable to I.ender and shall include a standard mong;age clause. I.ender r'.• ° .
<br /> �'`.°�iik7.���:i� shuli have thc riglit to hola thc policies and renew:►Is. lf Lendcr rcquires,Horrower shall pramptly givc to Lender:dl reccipts of " �� '�"_
<br /> -r,���ky��' paid prcmiums and renewal notices.In thc cvent af loss,Borrower shall give prorupt notice to the insurance carrier and L�:ndcr. . �
<br />-�;`r,�y'�v�a:c.^'" Lender may makc proof of loss if not made promptly by Borrower. . °'
<br />�t:�;�a.��``� Unlcss I.ender and Borroaer otherwisc agree in w�iting,insurnnce proceeds shull bc applicd to restoratian ar repair of thc �
<br /> . �: '
<br />-y'`�'"��'s��c� Property damaged,if the restoration or repair is economically feasible and Lender's sa:curity is uot lessened. If tha restoration or .� �.,�
<br />_.,�.xai•r:� e:--. �'`�
<br /> �,��,.� repair is not cconomically fcasiblc or Lendcr's security would be Iessencd, the insurance procccds shall 6c applied to the sums ..., .,�,.}F
<br /> '__irny_�L. .vi
<br />'�''�`._:�;���..;,_�� sccured by this Securiry Instn�ment, whether or not thcn due, with any excess paid to Borrower. If Borrower abandons thc
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<br /> ;;,,:.,.�,;, .,:,;.,� Propcny, or docs not answcr within 30 dnys a notice fram Lender that thc insurance carricr has offered to setQe a claim, thcn � ;
<br />-- Lender may collect tbe insurance proceeds. Lender may usc the proceeds to repair or restorc thc Property or ta pay sums i
<br /> .;:�I,••„� .., secured by this Security[nsnument,whether or not then due.1'he 30-day period wiU begin when the notice is given. „ .,,,,� _ +�^
<br />��:r61°'��� ��•• Unless I.ender and Borrower othenvise agree in writin�, any upplication of proceeds to principal shall not extend ar '+� �
<br />-��',.t ii.., 4, ` °�
<br />` `3"��1���� postpone thc due dnte of the monthly payments referred to in paragraphs 1 and 2 or change thc amount o(the paymcnts. If ;A:�r ...:;._.-__ -..�
<br />-� ��`°�t`��'� � under ara ra h 21 the Pro ci�t is uc uirecl b L.ender, Bonower's ri ht to an insu�ance olicies and roceeds resultin from = �'`'�'
<br />- . . P s P p Y �1 Y G Y P P 6 ,,. ,..:.;.�,:,.
<br /> ,�;.`,�y�,;, ..,., dnmage to the Property prior to the acquisition shall pass to Lender to the extent of the sums sccured by this Security Instrun►ent �^w.. �`—...
<br /> �=�.:.�: . �
<br /> �y immcdiatcly prior to thc acquisition. .� --
<br /> �� 6.Occupancy,Preservutton. Mnintenynce and Protection of the Propert3•;Borrower's I.aAn ApplicnNon;Leuseholds. .;�
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<br />'`"'�t'�`-+��'' �� Borruwer shall occupy,establish,and use the PrapeRy as Dorrower's principal residence within sixty days after tfie execution of �. ---
<br /> .« _y;���-�
<br /> �;�'t;;;,�,r= • this Security Ins[rument and shaU continuc to occupy the Property as Horrower's principal residence for nt lcast one year ufter ., .�,,,�
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<br />__.�_{,;�:;.,� :;, the date of occup:uuy,unless Lender othenvise ugrees in wriiing, which consent tihall not be unrcasonably �vithheld, ur unless '�a ,�:•..�--•
<br /> ..},,�;.. exteoivating circumstances exist �vhich are beyond Borrower's co�itrol. a�rro�ver shsll not destroy, darnaFe or impair the ra;° �'
<br /> ;,:;F;•:•� � Property, allow the Property to deteriurate. or commit waste on the Property. Horrower shall bc in default if any forfeiturc ;����-
<br />_ •���-`: ' w�.q�;;nf rn,rn��.���o, wh�ther civil or criminal, is be�un that in Lender'ti good faith judgment could result in forfeiture of the -
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<br /> .:,.,:.;;��:.:. .� Praperty or otl�erwise materially impair the lien creuted by this Securiry Instrument or l..ender's security interest. eorrower may __
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<br /> � cure such a defaul!and reinstute,as providui in paragraph 1 S,by causing the uction or proceeding to be dismissed�vith u ruling �
<br /> -�.�.�,'�'" : thut, in Lt:ndcr's good faith dctcrminatiun, precludes forfcitum of thc Borcower's intcrest in dic Property or other material }:�:.i, :r, " -
<br /> - 7`�;r�' impairment of the lien created by this Security Instrument or Lender's security intcrrst. Borrower shall 1I50 be in default if '.: `�
<br />'.,y'.r.:..:. _
<br /> Bon•ower,durin�the loan application process,gave materially false or inaccurate information or statements w Lender(or failed
<br /> `''��'�::'x� to rovide L.endcr with any material information)in conncction with thc lnan cvidcnced by the Notc, including, but not limitcd � -
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<br /> ���;�`i;;"°"' � to, representacions concerning Norrower's occupancy of the Propeny as a principal residence. If this Security Instrument is on a N.�
<br />''�.°`�"'`.�•••'�� Icaschold, Borrower shall comply witte aU thc provisions of the lease. If IIorrower acyuires fcc title to the Property. thc :,�; �a �,i
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<br /> ,.•..�,.,,,.,;.. . la�schold and the fee titic shall not mergc unless I..endcr agrces w thc merger in writing. .awf �
<br />':::�''�;;;;' • 7.Protcction of Lendcr's Rights in the Property.If Borrawcr fails to perform the covcnants and agrcements contained in ?�` �
<br />- � '`�•"' y 5 P S Y • € Y � � P Y � `
<br /> :.;ie,�r,,;��.. tliis Securit Instrument, or there is a Ic al roceedin that ma tii nificand sffcct Lender's ri hts in die Pro crt (xuch as a >
<br /> `"�'.;.11�.t,1N�1•:t. .. ,1-..._�y ..,
<br /> . •• procecding in bankruptcy.probate, for condemnation or for(eiture or ro enforce laws or regulations), then Lender mny do and �..-.
<br /> �.-..;.:,:,;�....,. .. ' ` '�•,�w�-..—;�
<br /> _,__,_ pay for whatever is necessary to protect the value e�f the Property and I.ender's rights in the Propeny.C,ender's uctions may - .;
<br /> `- � include paying any sums secured by a lien which has prioriry over this Security Instrument, appearing in cou�t, paying •�� - f�� +,, �'�
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<br /> ;__;,¢ ���: reasonable attorneys' fces and entcring on the Property to makc repairs. Although Lender may takc action ander this paragraph ,
<br />-'i`'''.'�'''�� 7, L.cndcr docs not have to do so. � �
<br />--�..'..- . . 'sbursed b Lender under this paragraph 7 shall become additionul debt of Bortower secured by this ' • i? :`:_�
<br /> A�iy nmoiints di y _
<br /> _.,, . � Security Instntment. Unless Borrowcr and Ltnder ugrce tc�other tcrms of paymcnt, thesc amounts shall bear interest from the �;;,_
<br /> ° ; , _ date of disbursement at thc Notc ratc and sh�dl be payablc, with intcrc�t, upon notice from Lcndcr to Borcowcr rcquesting � ,�,•�-
<br /> payment. :��
<br /> 1� :,rt
<br /> ' ' . S. Mortgu�;e Idsurance. [f Lender required mongage insurunee us a condition of making the loan secureci by this Ser.urity u ,,,
<br /> ment Bonower shall a thc rcmiums rcquircci to maintain the mortgagc insurancc in effe�ct. If, (or any rcason, thc l �':�
<br /> [nstru . P Y P �''
<br /> ��: • • mortgage insurunce coverage n:quired by LenJer lapses or eeases to be in effect, Sorrower shall pay the premiums reyuired to �+� • �.
<br /> � obtain eoverage substantinlly a�uivalent to the mortgage insuranee previoutily in effcct,at a cost substnntially eyuivalent to the i ..^�_�
<br />- _.... t/... . .� � .
<br /> : - cost to Borrower uf the mort�age insurance prcvic�sly in efgect, from an altemate mongage insurer appruvcci hy Lender. If . ,+
<br /> :.. .. : . .. •
<br /> ' � substnntially equivnlent mortgage insurance coveragc is not available,Borrower shall pay ro L.cnder wch rnonth a sum equul to . , +
<br />-�•>: - one-twclftl�of thc yc:uly mort�agc insurancc prcrnium bcing paid by Borrowcr whcn thc insurancc covcra�e lapscd or ccascd to � , • '�
<br /> :�...
<br /> bc in cffcct. Lcnder will accept, use and retain thcsc payments as a loss reservc in licu of mortgagc insurancc. Loss rescrvc ' Y�
<br /> -:•{s.-,,;'R- , Form 3028 9190 j '�
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