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<br /> S, M��1 ov p�n►perty Iwwr�nct. �rruwrr sl�l1 icccp tha inapcovermnts f�aw oxl4ting ar he�r���oa the
<br /> property in�urnd a�h�st ius�by 6n, h�r�rd�includod withia the teem "eatended coverys"�nd niy�nther hawds,iacludin�
<br /> �laa�or tl�rxlin;. f�r�ahi��h�r,pArr requires in�ure�.�.`�'hfy insiara�ke hhall bo inaintxinnd t�i thc anwuntS'amd Cor the periude ,
<br /> Uu�t Lcndor royuina.The insuraiue cacrier pmvidieg the in�uraner,al�tU be chosen by 8ormwer eubJect to lx�xier'e xpprav�t . •
<br /> which studl nat be unrrasonabiy wIthheld. if Borfciwrr F�flx ro maintdn coverwge de�cri6ed adwve. lxcder m�y. �t L�erider's.
<br /> optian,abtain wvemge t�pratact[.c�dcr's dghte in the P�pertyin uccordmce with�ragaph 7.
<br /> Atl insunu� polictcs and ren�wals Shal1 bs acceptu6la w I.ender end shatl include a stu►dard mongage clAUSe. L,rnda
<br /> shcU have tho righr to hol�d the poltctes wx!rc»ewelA.If Lendsr requir�s,Bomowcr shail pmmplly glvo to[,order all no�cipta of
<br /> paid prraniwns nnd rcnewal noticx.c.1�the event of loss,BorrowCr st�all.givo prmnpt no:ica to the insurance carrier nrd Lender.
<br /> Ixnder may make proof of lass if nat mado pmmptly by Borrawer.
<br /> Unless Lendcr ard Borrov�er atEicrwise egm in writing.insurancY+procoeds shafl be app19a1 to restoratton or rcp�ir of tho
<br /> Property damaged, lf t!►e restoration or repuir is eeonamically fenslble und l.endcr's secudty ig reat lcssened.If the restoration or
<br /> r�epair is npt economicnlly fea5ibit or I.ender's serurIty wauld be lesscnad.the insuranca procceds shall bo appllai to the surns
<br /> securcd by this Securiry Insuuu►ent, whetfier ar not then due, with any excess pald to Bomower. If Borcower abandom the
<br /> Property. or das�ot answer wIthin 30 daye a notice from Lendar that the inswunce c�rrier has offered to seul�s�cl�im,then
<br /> i.ender raay colte¢t the ins�nusce prax�axls. [x��der r�wy use the praceeds ta mpair ar restare tha P'�n�rty or to�ay s�sns
<br /> securod by this Secter�ty Inst�nt.whether ar not then dne. The 30-day pe�Iod w1U t�eegin wheu 1he notice is given.
<br /> Unless Lender and Bomower othetwisc agrEe in wdtin�. orty epplicution of ptoceeds to principal shatl not extend or
<br /> postpone the due dnt� of the monthly payments raferred to in purugrAphs l and 2 or change the amount uf�fie payments. If '
<br /> under parugmph 21 the Properly is scquired by Lender.Botrower's right ta uay insuranoe poiicies and pmcada rrsult[ng fi�m
<br /> dwnuge to the Property prior to the acquisition shutl pass w i.ender to the eatent of the sums s�xured by this Security Insuument
<br /> immediateiy prior w the acqulaftion.
<br /> 6.Occa;mncy,Preservatton,Mainteaance and PmtecUon of t�e Property;Borro�ver•s Loan Applicxtton;I.esselalds.
<br /> Borrower shall occupy.eswblish.and use the Property as Bonrowet's pr�ncipal residence wkhin sixty days nfter the execuaon of
<br /> this Sexurity Insqument and shall continue to occupy the Property as Borrower's principal resIdencc for at least one yeur nfcer
<br /> the date of occupnncy,unless L.ender otherwise ugrees in writin�.which consent shail not be unreasonably wlthheld,or unless
<br /> c�en�ating r;a�ui.�;ta�� �;�st w�icts ar� �cyas�d &srra�s�r'o ronu�al. Barzas:er �tss!! ani �esiruy. clamege or im�-!r �ku� .-
<br /> property. sillow the Property to deteriorate.or commit wasu on the Praperty. Botrower shnll be in defaWt if aay forFdture
<br /> action or proceeding. whether civil or cr�mianl.ls begun that in Lender's good fetth jud�ment could result in forfeiture of the
<br /> Property or othenvisa materially impair the lien created by this Security Instrument or I.ender's security interest.Borrower may
<br /> cuc�suoh a default cmd reiastate.as provIded in paragraph 18,by causing the uction or proceeding to 6e disn�issad with a n►ling
<br /> tbat. in [.ender's good faith deterrnination. precludes forfeiture of the Borrower's interest in the Property or other inat�rfal
<br /> impalrn�$nt of the lien created by this Security Instcument or Lender's security interest. Horrower shall also be in default If
<br /> Borrower.durinII the toan epplication process.guve materially false or inaocurate informatlon oe statements to I.ender(or faiiod
<br /> to provide Lender with any material Information)in connection with the loan evidenced by the Note.inctudia$,but not limited
<br /> to,representations concerning 13orrower's occupancy of the Property as a principal resldence. If this Secudt,y Insuument Ia on u
<br /> leasehold. Borrower shail comply with ell the provisions of the lease. If Borrower acquires fee tt¢le to the property, the
<br /> leasehold and the fee tide shall not merge unless Lender agrees to the merEer in wdttng.
<br /> 7.Protection o4 I.ender's Ri�nhts in the Properly.If Borrower fuils to perform the cavenants artd Agreements contained in
<br /> tLis SecurFty Instrumebt, or thece is a legal proceeding th�t may si�uficantly�ffect Lender's rig�ts in the Property(such ns a
<br /> proceedin$In bankruptcy.pmbate. for wndemnation or forfetture or ta enforce laws or regulations),then l.ender may do artd
<br /> pay for whatever is necessary to pmtect the value of the Property and L.ender's rights in the Property. Lender's actions may
<br /> include paying eny sums secured by a lien which has priurity over thfs Secudty Instrument. appearing in rnurt, paying
<br /> reasonable attomeys' fees and entering on the Property to make repaics. Although Lender may take action uader thla paragraph
<br /> 7,L.ender dces not have to do so. "
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become uddittonal debt of Borrower secured by thts
<br /> Secudty Instrument. Unless Borrower and Lender ngree to other terms of paymcnt. these amounts shatl bear interest fmm the
<br /> date of disbursement ut the Note tate and shall be payable. with interest, upon nottce from I.ender to Bonower requesting
<br /> PaYment.
<br /> 8.Mort�age lnsurance.If Lender required mortgage insurance as a oondition of makin�the laan secured by this 5ecuriry
<br /> Instcument. Borrower shall pay the premiums required to maintain the mortgage insurance in effr,ct. If, for any reason, the
<br /> mortga�e insurnnce rnverage reyuired by Lender lapses or ceases to be in effect.Bormwer shull pay the Premiums requicod to -
<br /> abtain coverage substantiully equivalent to the mortgage insurance previously in effect.at a cost substantiWly equivuleni to the
<br /> cost to Borrower af the mortgage insurance previously in effect, frvm an altemate mortgage insurer approved by Lender. If _.
<br /> substantially equivatant mortgage insurm�sc coverage is not available.Borrower shnll pay tp Lender each month a sum equnl to
<br /> one-twelfth of the yearly mortgage insucunce premlum bein�Quid by Bormwer when the in�urance ooverage lapsed or ceased to -
<br /> be in effect.Lender will accept.use and retain these paycr�ents es a loss reserve in lieu of mortgage insurance. Loss rcserve
<br /> �orm 9028 9/80
<br /> Popo 3 af 8
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