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<br /> S. Hez�wd or �'roperty t�uri+ncr. Hormwer shall kcxp thc Pmprovemtnts now C1L�S�ITIj� ar hereafter erectrd on the
<br /> Pm�eny lnsured agQinst lusy i�y r�r., liu�u��l, iucSuJc:l wi�hi:i th� tc+�+i "c�un��cd�avcngc" c:nd any otl!'.'C Il'17n!�9� incln:�ing
<br /> flaxls nr iloaflng,for which Le�xler reyuircs insurunc�. This insurunce sfiall be:nwintaina3 tn the amowus ancl f4r tht pericxls
<br /> thnt Lc►xlcr rey��ires, The insurance c�rrier psoviding Ihe insu►�nce st�all be ciiosen by iiarrowcr subJcct to l.�nder'w approval
<br /> � whlch �hall not t�e um�casannbly withhclei. If Bnrrower fails to �nuintain covcrago dcscribed abovc, Lc�cler may,us I.�:n�ixr's
<br /> optian,obtain covcrage m{�rotect I..ender's rights in the Property in uccordancc wlth paragraph 7. _
<br /> All insurance policies u�x! rcnewals shall be acce�nable to Lender und shull includc n standnrci mongugc ciuube. Lrnder
<br /> shall have the dght to hoid the pulicies aud rejiewtils. lf L...ndcr rcquires,Hona�ver shall pramptly give to I.�ncler al!receints of ---- --
<br /> paid yrcmiums and renewai noticcs. Ii�the event of loss,Borrower shuti give prompt nutice to the insurnnce currier and Lender.
<br /> I.atidcr may makc praof of loss if not mnde promptly by Borrowcr. _
<br /> Upless l.endcr and Borrower otherwise agrte in writing, insurance procecds shall be applial to restomtion or repair of the
<br /> Property da►nagai,if the restoratian or repuic is eco�tonrically feasible nncf L.endcr's security is no!Icssened.If the restoration ar
<br /> rcpair is not econ�mically feasible or I.cndcr's security would be lcs�:ned. the insurnnce procecds shal!be appliecl to the sums
<br /> secured by tliis Sr.turity Instrument, whether or not ther+due, with any excess puid to Boerower. If Borrower abandons die
<br /> Propeny.ot dces nat answcr within 30 days a notice from Lender thnt the insurance carcier has offered to setttc a clzim, chen
<br /> Leiider may coll�ct the insurance prnceeds. Lender may use the proceeds to repair or restore die Property or to pay sums
<br /> sccurcd by th�s Securi�y Insuumeui, wi�etl�cr ur nul ci►eii.iiic.'E'ti�30-day a��od�eit:b;in e:hest tl1C 11o1i!'C ie�iven. `
<br /> Unless Lender and Boaower othenvitie agree in �vriting, any application of proceeds to principal shall not extend ar
<br /> postpone tt�c due date of the manthly payments referred to in paragraphs 1 nnd 2 or change the amount of the payments. If -
<br /> unticr paragrnph 21 the Property is acquired by f..ender, Borrowcr's right to any insurance policies and procceds resulting from
<br /> damage to thc Property priQr to the acquisition shall pass t�L.ender to the exteut of the sums sccured by this Security Instrumcnt
<br /> immcdiately prior ro the acquisition.
<br /> 6.Occapaucy�Preservation,MAlntenunce and I'rotection oY the Properiy;Borrower's l.oan�ippliattion;Y.easeholds. -
<br /> Borrower shall occupy,establish,and use thc Property as Borrower's principal residence within sixty days after the execution of —
<br /> this Security Instrument and shall cantinue to occupy the Property as Hurcawer's principal residence for at least one year aRer
<br /> the date of occupancy, unless L.ender othenvise ugrecs in wnung, wnich consent s�aii noc oc unreasonabiy wiihneId,or uutcas
<br /> extenuuting circumstances exist which are beyond Barro�.ver's cantrol. Borrower shall not destroy, damage or impair the
<br /> Property, allow the Property to detcriorate, or cammit waste on the Property. i3orrower shall be in default if any forfeiture
<br /> action or praceeding. �vhether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of tlie
<br /> Property or otherwise muteriully impalr the lien created by this Secariry instrument or l.ender's security interest. Borrower may
<br /> cure such a defauit and reinstate.as provided in parngraph 16. by causing the action or proceeding to be dismissed with a ruling �
<br /> that, in Lender's �ood faith determination, pnccludes forfeiturc of the Borrowcr's interest in thc Property or other matcrial ��
<br />_ •impairment of the lien created by this Security Instrument or Lender's security interest. Borrawer shall also be in default if �-
<br /> Borrower, dudn�the]oan application pracess,�ave materially false or inaccurate information or statements to Lender(ar failed ���°-
<br /> to rovide Lender with an materiul information)in connection with the loan evidenced b the Note,includin , but not limited °in"�
<br /> P y Y g �_.�•.
<br /> to, repn:sentadons concerning Borrower's occupmscy of the Property as a principal residenec. If this Security Instnimerrt is on a ��•5;:
<br /> leusehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property. the �.r,.
<br /> lcasehold and the fcc title shall not merge unlcss Lendcr oigrees to the merger in writing. �''
<br /> 7.Protect[on of Lender's Rights in the Property. If Borrower fails to perfonn the covenAnts ar�d agreements conuuncd in ���
<br /> this Security Instrument, or there is a lc al rocccdin that ma si nificantl affect Lender's ri�Nts in the Pro ert (such as a �`"''=-
<br /> S P S Y• S Y 6 P Y �-�:=
<br /> procec;ding in bankruptcy, probate, far condemnation or forfeiture or to enforce laws or rcgulations), then L.cnder may do and �_Y:y
<br />- pay for whatever is ncccssary to proter.t the value 4f the Property and Lender's rights in the Propeny. Lender's actions may r
<br /> �'re�
<br />- include paying any sums secured by a lien which hus priority over this Securiry Instrumenr, appearing in court, paying ,�,�s
<br />_ reasonable attorneys' fces and entering on thc Propeny to muke repairs.Although Lender may take action midcr this paragraph �`=�''
<br /> �,�:
<br /> 7,L.ender does not have to do so.
<br />- Any amounts disbursed by Lender under this paragraph 7 shall become ndditianal debt of Borrower secured by this ;
<br />_ Security instmment. Unless Borrower and L.ender u�ree to other terms of p�yment, these amounts sliall bear intcrest from the ;
<br /> - date of disbursement at the Note rate und shall be payable, with intcrest,upmi notice from Lender to Borrower requesting
<br />_ payment.
<br /> 8. Murtgn�e Insumnee. If Lender required mongage insurance as a condition of m.tking the loan secure;d by this Security
<br /> instrument, 8orrower shall pay the premiums rcyuircd to maintain the mortg��e insurunce in cffect. If, for any rcason, the
<br />- mort�age insuranee covecage requirul by Lender lapses or ceases to be in effect. Borrower shall pay the pmmiums irquired to
<br />- obtain cover:�gc substantially equivalent to the monga�e insurancc previously in efFcct, at a cost substantially eyuivalent to the
<br /> cost to Borrower of the mortgage insur�nce previously in effect, from an niternate mongage insurer upproved by L.ender. If
<br />- substantial ly equivalent rt�ortga�e insurance coverage is not nvailable, Sorrower shall puy to Lender each month a sum equal to
<br />- one-twelfth of the yearly monga�e insurance premium being paid by Borcower when the insurunce coverage lapsesi or ce�ised to
<br /> be In effect.Ltnder will accept,use and retain these payments as a loss rescrve in lieu of mortgnge insurance. Losa reserve
<br /> Form 3028 9190
<br /> Pem 7 nl A
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