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<br /> 5. Hwu►id or ft'rorert9 1►►surQnc�• Ciorrowcr shall kcep the impravemcnts now existins oe hcrc��ftcr �rectcd c�n the
<br /> Property insurecl aSainst loss by Cre,h;►znrds included within the term "extendea coverage° and m�y other hazards.incluJing
<br /> ilu�Kls or flu�xling, for�vhicli Ler,der requires insurnnce. This insut:u�ce shall be maintained in the nmounts and far the pedc+►is `
<br /> that l.cr.der requims. The insurnnce cacrier providing the insurance shall he chosen by Eorrower SuUjecl to L.+:►ider's appra�frl
<br /> which shaH not he un�•easan�bly withheld. If Borrower fails ta maintain coverage described abc�ve, Lender may. nt Lender's —
<br /> option,Q6�.ain c�vernge ta protect I..ender's rights�i�the Property in uccordance with parugeaph 7.
<br /> All insurnnce policies nnd renewals shall be acceptabte to Lendcr and shall include n stw�dard dnortgage clause. Lender
<br /> shall have the right to hold the policies and r�enewats.lf Lcnder requires,Borrower shall promptly givc to I..ender all rcceipGS of
<br /> puld premiums a�id re,ne�va!notices.in the�vent of loss.Botrower shall give prompt natice to the insurancc carr�cr and�.endCr, —
<br /> [snder m�y make Proaf af loss if nat made promptly by Bonower.
<br /> Unless Lender and Borrower�thecwise asree in writing,insur:mce pnnceeds shnll be applie�J to restorntion or repair of the
<br /> Propefty damaged,if the restoration or repair is economically feasible a.-id 1..ender's security is not lessenal. If the restoration or
<br /> repair is nat economically icasible or I.ender's security would be lessened, the insurance praceeds shall be applied to ttne sums
<br /> secu�cd by this S�curity Instrum.ent, wheil��er or not then due. with an�+ excess paid to Borrower. If Burrower a'oandons the
<br /> Pmperty, or daes not answer within 30 days a notice fram Lender that the insurance carrier has oifered to settle u claim,then
<br /> Lcnder may collect the insurance pruceuls. LendGr may use the pr�cerds to repair or restore the PropeRy or ta pay sums
<br /> secured by this Security Instniment,whether or not then due.Tiie 30-clay period will begin+vhen the notice is biven.
<br /> Unless i.t:nder au� �r:ower athenvis� agree in writine, any �pplication uf proceeds to principal sha�l not exten� or __
<br /> 4►ostpone the due date oi the monthly psyments referred to in paragraphs 1 and 2 or chnnse the amount of niie Nayr.'.cnts. If �
<br /> undcr paragraph 21 the Pmpe�ty is acquired by Lender,FiarroH�er's ri�,hl to uny inst►rnnce policies nnd procee�ls resulting trom
<br /> damagc to thz U�opertY prior to the ucquisition snall pass to Lendcr to the extcnt of thc s�ms sccured by this Security Insxrument _._
<br /> immediately pa.iar to the ac uisition.
<br /> 9
<br /> �,Qnr��?nnry;Presen•ntlon. blatntenance and P•rotect[on oi't��Property;Borrower's i.oan AppUcatton;Lea_sehc�)fcc.a, –
<br /> Borrower shall occupy, establ ish, and use the Property as Borrower's principal resic►cnce�:ithin sixty�i�ys after the execution of _
<br /> this Securiry Instrument and shall continue to occupy s�he Property as Borrower's principal rr,sidence for at le=�st one ycar after
<br /> die datc of accupancy, unless I.ender othenvise agrees^n wr�tr�Sc��trol.CBo�rower�shalltnutudes oyadama�ehordimpa r�the
<br /> extenuating circums[unces cxi�t :+���icS� a�:. �.yos� L..rre`-'+`-- -
<br /> Praperty. allow the Propeny to deteriornte, or commit waste on the Property. Borrower shall bc in defuult it any forieituro
<br /> action or proceeding,whether civil or criminal. is he�un that in T,ender's goad faith judgment cauld ��.sult in forfeiture of the
<br /> Properry or othenvise materially impair the llen created by this Security Instrument or L.ender's security interest.Horcower may
<br /> cure such a default and reinstate, as provided in paragranh 18, by causing the uction or proceeding to be d�''smisoed neh mater al
<br /> thai, in Lender's good faiih determination. precludes forfeiture of the Borrower's interest in the Pro rty �
<br /> impairment of the lien cre�lted by this Security Instrument or Lender's security interest. Borrowcr shall also be in default if —
<br />– Borrower,during the loan epplication pn�cess,guve materially false or inaccurate information or stntements to Lendcr(or fAiled
<br /> to provide Lender with any rnateri�l information)in co7nection with the loan evidenced by the Note. including,but not limited -�_
<br /> – to,representations concernin�B�rrower's occupaney of the Property as a principal residenee.If this �ecurity Ynstrument is on a �
<br /> leasehold. Borrower shail camply with all thc provisions of the lease. If Horrower acquires fcr title to thc Property. che —�_
<br /> leaschold and the fee title shall not merge unless l.end�:r agre.cs to the merger in writing.
<br /> – 7.Protectton oi Lcnder's Rights in the Property.If Bonower fails to perform the covenants and agreements contained in .'
<br /> ' this Security Instrument,or there is u legal proceeding that may si�nificantly affect Lender's rights in the Propc:ny (such as a ��:_
<br /> = praceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws ur re�ulations),then L.cnder may do nnd �
<br /> :a pay for whatever is necessary tu protect the value of the Property and Lender's rights in the Property. Lender's actions may ----`-
<br /> rainclude paying any sums secured by a lien which has priority over this Securiry Instrument, appearina in court, paying c=*K�
<br /> -� rc��sonable attomeys' fees srid cntcring on the Proper►y to make repairs. Although Lender may take action under this paragraph ��'�._t,
<br />�''; 7,L.ender does not have to do so.
<br />' y Any nmounts disbursed by Lender under this paragraph 7 shall become addition�l debt of Borrower secured by this ,
<br />` '� Sccuriry Instrument. Unless Horrowcr and Lcndcr a�rce to other terms of payment, thesc amounts shall bcar interest from thc
<br />-� ds�te of disbursement at the Notc rate and shull be payable, with interest, upon notice from L.cndcr to Borrowcr rcqucsting
<br />"� payment.
<br /> ''� 8. Moi�tga�e Insue�nnee.If Lender required martgage insurance as a condi?ion of iunking thc loan secured by this Security �
<br /> �� Instrument, 8orrower shall pay the premiums required to muintnin the mortgage insurance in eff�:c�. If, for any reaso�, the
<br /> ' mortgage insurunce coverage required by [.ender lanses or ceases to be in effect. Borro�ver shull pay the premiums reqmired co }
<br />-� vbtain coverage substantially equivalent to thc mortgage insurance prcviously in effect,at a cost substuntially equivalent to the
<br />_ .� cost to Borrnwcr of the mortgage insuruncc previuusly in effect. from an altcrnute mon�agc insurer approvc� by Lcnder. If
<br /> ,� substantiully equivalent mc�rtgage insut�uice coverage is not availublc.Borrower shall pay to Lender each month a sum cqual to
<br /> one-nvelfth oF the ye:irly mortgage insurance prcmium being paid by Boerower when thc insurance �overage lapsed or ceused to
<br /> .:� be in effcct. I.cnder wi11 accept.use and retain diese payments as a loss reserve in lieu of mo�tgage insura��c�. Loss rescrve ,
<br /> Form 3028 9I90
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