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<br /> _ 5. 9lnmrd or ft-'eo�.�•ty Inaurrmicc. [lur��u«�cr �h:�ll kcep thc impruvcmcnt, �w�v cxisting or I�crc�altcr crcctcd un die Y
<br /> „ 4'ro�s�rty in,ured ul,aintit lu�s hy tirc, ha�.ird, includcd �vithin 1hc tcrm "�xtcndci! rovcragc" ��nd any othcr hara�d�, mcludin�
<br /> ° floods ur(l�in,lin�;. foe•�vhich I.cn�lcr irquires in+urn�icc. This insurancc�hall hc mainU�incd iu Uic�uuuunts und fnr thc pc:riuds _-"`
<br /> . ° " that l.cndcr rcquires. 'I'hc in.rin•�mrc n�n�icr pmvidinp�Ihc inwrancc til�ull hc rhoticn hy I3urrowrr subjcct tn l.cndcr'ti appruval `
<br /> y ,. . , whirh�hall nut hc unrcaxinahly wiU�hrld. If Norrnwer fails tu maintain covcragc describcJ ulnrve. l.cnder may. ut l.encier•s �'�
<br /> '' upliun.��htain ciwcrn�;c t,�prutrci Lcndrr'ti rightti in thc Pru�mrty in a�cordanrc�vith paragraph 7. yv�7
<br /> All iurur:mrc pulicicn und renc�v,ils shall Nc;�rccptablc to Lcndce and tihall includc a+tandard mortgagc clausc. I.cndcr �_�_
<br /> �'. ,hidl h,rvc thc right to hold thc pnlicics und renewcds. If l.endcr rcyuires.Hurrowcr shull promptly give tn l.cnder all reccipts��f �„__.
<br /> '� paid prcmiumti;uid rencwal noticcti. In thc rvcnt af lu,ti, fiurruwcr,hall givc prompt noticc tu thc insurancc carricr and l.cndcr. ji_`,\?.
<br /> , .�_ LcnJcr m:�y makc prnuf of'lotis if uut madc prnmptly by Iiorruwcr. �`�
<br /> . ' Unless Lender and Hurrower��therwise agrec in writing, insurance procecds shall be c�pplied to restoration ar repuir of the �`�
<br /> ' � Pro c rt da ma*c d,i(t h c r.:r to r a t i rn t u r rc .i i r i s c c o n u m i ca l l f e•a s i b l c a n d L,c n d c r's s c c u r i t is n o t I cssencd.If thc restoration or ��°`-
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<br /> rcpa�r i� n��t cc��ni�mically fra�ihle ur Iw�ndcr's�ecurity �voulJ be Iessened. the insuranee proceeds shall be applied to the sums ��_
<br /> ` �ccurcJ hy this Sccurity Instrument, �vhcther ar nut �hen duc, with any cxcess paid to Borro�ver. If Borrowcr abundons �hc .�
<br /> Pruperty, ur doc+ not answcr within 30 day�a noticc from Lcndcr that thc in�ur.incc camer has nffcred to�ctdc a claim, thcn _ _
<br /> � IAnder m:ry collect ttie in�ur.inee �roceedti. l..ender may use the proceeds to repair or rcstore the Property or to pay sums �_�
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<br /> �ccurcd hy thi�Security In�trument. �ti�he�her or nut then due.Tlic 30-�iay perioJ will begin�vhen thc notice is givcn. �P--
<br /> Un�css I,cndcr anJ Be�rrower othernisc agrec in writin�, any upplication of procceds to principal shall not extend or
<br /> � �ostponc Ihc dac date ��f the mnnthly� paymenu rcfcrrcd tu in paracraphs I :uid 2 or rhange the amount of the payments. If -
<br /> ' .. " " under par.igr.�ph 21 ihc Pmpert�•is acquired by Lend�r. I3orrnwcr's right to any insuranee polieies:tnd proceeds resulting f'rom ��.�'
<br /> . Jamagc to thr Prc�pcny prior tu thc acyui.itiun+hall pass to I.cndcr to thc cxtcnt of thc sums sccurcd by this Security Inswment -
<br /> immediatcly priur t��thc acyuisitinn.
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<br /> : 6.Orcupnncy,f'reservatfa�, �taintcnnnce and Prot�rdon nf the Prnpert�•; [iorro�r•cr's Loan Ap�lEqtion, Leaseholds. �
<br /> „ ' Borrawer shall uccupy, e,tablitih.and use th�Property as Borruurr'�principal residence within sixry days after the execution of �.;__
<br /> , lhi�Scrunty In,trument anJ shaU rimtinue to occup�• the Propeny ati E3orrower's principal residence for at Ieast one year after �
<br /> �-- Phe Jate of accupancy. unles�l.cnJcr othcra�i�e:+grc�a in wnting, whinc�onscnt tihxll not be unrcasonably withheld, or unlcss —=_
<br /> - cxtenuating circunutaa;e, �xi�t ��•hirh are hcyund Rorro�vtr', rontrol. Dorrowcr shall not destroy, damage or impair the �?r=
<br /> Propert}•, allow thc Pruperty to drtcrii�ratr. �tt comrnit w�,ic un th� Property. Bnrrower tihall bc in dePault if:�ny forfciturc =--
<br /> � action or proceeding, whetlter civil ar rriminal. iti hegun that in L.ender'�g.nxl C:tilh juJgment cou1J result in fb�feiture of the =---
<br /> � Prnnertv nr othenai,e n�atcrinll�•imaair thr lien creatrJ hv thiti Scruritv lnstrumen[�+r l.rnder's security interest. Borrower may =--,Y
<br /> rure such a dctault and rcin�tatc,as pmvidrd in par.i�raph 18, hy cau,ing thc action or procecding to hc dismi:;scd with a rulin� ----
<br /> � that, in I.cndcr'. guod faith drtcnninati�m. prccludcs tixfciwm of the Borrowcr's intcrest in thc Property or othcr matcrial --
<br /> � impairnirnt uf thr lien crea[al by thi+ Serurit}• Instrument ur Lender'ti +ecurity interetit. Borcower shall also be in default if �',�,,,
<br /> B�rrrnve�.during the li�an applitatiun procrtis.ga��e ttt;urrially fal,c or inaccurate inforniation or,tatements to Lender(or failed !i��=�=
<br /> , tn providc l.ender a•itM any m:rteri�l informationl in r�mnc�tion �vith the I��an evidcnc�d by the Note, includin�,but not limite� �'��
<br /> , to, rcpre�entatiom concerning Borru��rr'�urcupancy af the Property as a principal resiJence. If this Security Instrument is on a �v�.:
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<br /> Ica�chold, Borrowcr �haU campl}• u•ith all the provisions of the Ica.tic. If Borro�ver aryuireti fcc tidc to the Property, the
<br /> Icasehold and thc fcc tiUc shaU not mcrgc unlcs� L.cnder agrces tu thc mcrgcr in�vriting. �
<br /> 7.Protectlon uf l.ender's Ri�hts in the Propert�•. If Bnrrower f�ilx to perfnrni the co�•enants and agreements contained in
<br /> this Security Instniment. ar therc is a legal procceJing that may sigmficandy aFfect Lender's rightti in the Propeny (such as � �'.
<br /> proceediag in bankruptcy, prohate, for rondemnatinn or fotteiture i�r tu entiirce la«•s ur regulations), then Lender may do and
<br /> pay for whatever is iu�ce.�aq� to protert the �•alue o4'the !'ropersy and L.cnder'� rights in the Propeny. Lcnder's actions may
<br /> includc paying any tiums ���curttii hy a lirn which hati priority ���•cr this �crurity Instnimcnt, appcaring in court, paying
<br /> � rcasonable atwmeys' fces;�nd entcring on thc Property tu makc rcpair�. Although L.endcr may take action under this paragraph
<br /> , 7.L,ender does not havc to da so.
<br /> Any amounts di cbur,rctil hy Lrndcr unJer thi. paragr.iph 7 ,hall hcc��me ,idditiunal debt uf Burrower secured hy this
<br /> Sccurity� Instrument. Unlcss Burro�vcr and Lcndcr a�,rec tu uthrr trrms of payment, thesc amounts ahall bcar interest from thc
<br /> date oF disbursement at thc Nutc r�tc and �hall hc payablc, �vith intcrest, upon notic� fram Iander t�� Bnr�owcr reque�ting
<br /> �� � payment.
<br /> @ 8. Aiurt�;n�e Insur.�nce. If Lendcr rcyuircd nw�rt;�agc in.ur.�n.e as a rc�nditiun uf m3king thc loan�rcur�tii by this Scrurity
<br /> s Instrument. Borco��•er ,hall pay thr premiums rcyui�ed lu ma�ntain thr mortgagr insuranre in effcct. It�, fur •rny reason. the
<br /> mortgage insurance crn•er.ige rcyuin'�1 hy Len�er lapses ur rea�e+tu he in efPect, 8��rro�ver shall pay the premiums re.�uired tu
<br /> ' obtain co�•erage sub.t:.�nti;dly�yuivulent to the mangag� intiurancc pnviou�ly in e17��:t,at a ru�t�ubstantiaUy ryuivalrnt tu the
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<br /> rost to Borma•cr u(tltc mortgagc insur•�uc prr��ioualy in clfcrt. frum an allcrn:ttc mortgagc insurcr appruvcd by L.cndcr. I1'
<br /> ' . substantially cyuivalcnt mongagc insurancc�uvrr.�gc i+ r.ot a�,�ilablr. B��rcu��•cr sh:dl pay tu Lcndcr rath munth c� sum ryual to
<br /> p une-t�celfth of the yearl}•mon�ace intiurnnc.prcmium heing p;�id hy Bittru��•cr�vhen the insur.�nrc rover.�ge lapsal ur reasrd ta �
<br /> � be in eff�Yt. Lendcr w ill a�rrpt,usr and retain th�se rn�ments:�, a lo,ti re.en�c in lieu uf nn�rtgagc inwr,tn�e. L�»> rr�crve �
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<br /> Form 3023 9/30 .
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