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<br /> s. W�x�rd or pmpertr lnxur�erce. Bomawar shall kap thc improvements now existing �r hercafter erccta! an the �
<br /> Property insut+al,�g�inst lo9s by firo,har.urds indudod within the tenn "extendod covernge" und any othcr hazards,irt�luding
<br /> fioo�ls or flexxting.far which t.,ender rcquires insura�xx. This ins�urance.siu►11 be rtuintninod in tho amounts Rnd for the�a1s
<br /> that I.ecxier ��uiies.Tiie i�c�ui��ukx:car►ter pra�id3ng thp irs+�*�nce shUll l�c clwsen by&�rrower subjcct to l.ender's aPProva) �-
<br /> Lender may. at L�en�frr s
<br /> whirh s�lwll rwt be unreasonably withheld. !f Boaawer fafls ta maintain covenge described above. �
<br /> upti�nn.nbtain caverago to pratect l.ender's right�s in the PcopercY in axordasx�e wlth ParaBraph 7.
<br /> AI!insuranrc policies and renewats shnU be acceptAble to L.ender anci shuU in�clude n stcndurd.cnortgaga clanse. Lend�r
<br /> sftal!have thc rfght to hotd tho policSes s�nnd rencwals.If I,eader rcqui�.8orrower shall prompdy give to I.cnder ali t�ectlpta of
<br /> putd premtuens und renewnl notices.Ia the evem of loss,Aorrower shaU give prompt nodce to the insurance carrler arid under•
<br /> I.ender rnay :iwi�e proof ot'lass if rtot madc promptly dy Borrower. �i�;o restoration or repair of the
<br /> Unless Lcnder and Bocrower otherwi�e ugree in writing, iiuurunae pmce�ds shail be 8Pp
<br /> Property dt�maged.if the reswrndon or repair ia exonomicully feasible and i ender's secudty is not 1�ncd.�p e�r to�o s�
<br /> repair!s not ecottomicAlly fcasjble or Lender's secudry would be lessea�d. thc insumnoe pTOCee�1s•
<br /> secured Dy this Security Instrument. whether or not then due. with uny excess paid to BorroWer. If Borrower uhandons the
<br /> Property,or does nut:uisw�r within 30 days a nod�:e fi+nm L.ender that the insumnce cerrler has offened to settle u cluim,ttun
<br /> Lender rtmy colloct the Insurtu�ce prooecds. Lendar m�y use titc proceeds to repair or [estore the Property or to pay sums
<br /> Secured by thls Security instniment.whether or not then due.The 30-0uy period�+i�l beEia�vhen the notioe is�ven. ____
<br /> Unless Lender and Aorrower otherwise agree tn wrltins. su►y upplicndon of proa�eds co princlpal shall not estend or
<br /> postpone ths due date of the monthly payments referred to In parngcaphs 1 und 2 ar change the amannt of tht payments. If
<br /> undet paragrnph 21 the Property is acquired by Lender. Borrower's right to nny �nvuance pulfcies and procee�s res�ltins from
<br /> dornage ro che Propeny prior to the ncQuisition sh�lt pass to Lender to the extent of the sums secared bY this S���Y Instnunent
<br /> immediately prior to ti►e ecyuisidon. ication;Les�sehold9•
<br /> 6. Docupancy.Pres�rvatton,Mnintenaace aad Protectton ot the Propertyi Bo�w�''s Loan App!
<br />�— Barrower shall cx�cupy,esu�blish.and use the Property as Borrower's pdncipal residence within siaty daYs aRer tke ex¢cution of
<br /> this Security I��st�ument and shall continue to occupy the Property s�s Borsower's principul residencx for at least one yes�r after
<br />= the date of occupancy, unless Lender othenvise agrees in writing.which consent shap nat Be unreasonably withheld, or unless
<br /> - extenuating circumstances exis[ which are beyond Borrower's wnuol. Borrower shaU not destmy. damaSe or impair tb�
<br /> � Property,ullow the Pmperty to deteriorate. or commi's �rasta�n tisc Pra�ty Sorio+Yer�h:�tl he in default if any forfeitur+e
<br /> — actian or pmceeding.whetlier civil or criminal. is begun that in Lender s good feith judgment a�uld result in forFoiture of the
<br /> V P�operty or otherwise muterially impnir the lien created by this Secudty instn►ment or I..ender's secucity interest. Borrower m9y
<br />� cure such a default and reinstute,ns pmvided in paragruph i 8,by cnusins the action or proceeding to be dismissed with a ruling
<br /> � that, in Lender's�oad faith determination, precludes forfeiture of the Borcower's interest in the Property or other matedal
<br />� impairment of the lien cres�ted by this Security Instrument or I.ender's security i�terest. Borrower shall also be jn default if
<br />�� Borrower,during the loan applicutton process, gave materially false or inaccurute informatlon or statements to Lxnder(or failed
<br />._� to provide Lender with Any materlal informauon)in connection with the loan evidenced by the Note, including.but not limited
<br />-� to.repraentattons wnceming Borrower's occupancy of the PropertY as a principul residence. If this Security Insuument is on a
<br />'= leasehold. Borrower shall comply with all the provisions of the lease. lf Borrower ucquires fee title to the Property. the
<br />� leasehoid:uid the fee title shall not merge unless Lender agrees tu the mer�er in writin�.
<br /> -a: 7.Protection of I.ender's Rights in the Property.If Bonower fails to perform the covenants nnd agreements rnntained in
<br /> '�' this Security Instrument,or there is a le�al proceedin� that may slgnificantly uffect L.ender's ri�hts in the Property (such es a =
<br /> �� pro�eecling in bankruptcy. probatc,for condemnation or forfeiture or ro enforce laws or re�ul�tions).then Lender may do and _
<br />. pay for whatever is necessary to protect the value uf the Property:►nd Lender's rights tn the Property. Lender's uctioris may _
<br /> include paying any sum.s secured by a tien which has prior�ty over this Security Instcument. appearing in court. paying _.
<br /> . 1� reasonable attorneys•'feex and cnterin�on the Properry ta�nakc repai�s. Although L.ender mny take action under this paragraph _
<br /> 7,Lendcr does not huve to do so. -
<br /> Any amounts disbursed by Lender under this pura�raph 7 shall bernme additional debt of Borrower securGd by this _
<br /> Security[nstrument. Unless Borrower und Lender agree to other terms of payment,these amounts shall beac interest from the _
<br /> datc of disburscment at the Note ratc nnd shsl! be payable, with interest. upon notice from Lender to Borrower requestinF; _
<br /> payment. °
<br /> 8.Mortgage Insurance.If Lxnder required mortgage insurance as a mndition of mukin�the losu►secured by this Securiry
<br />` Instrument, Borrower shall puy the premiums required to mnintain the mortgage insurance in effect. If. f�r any reason,the .
<br /> mnnguge insurance covera6e requimd by Lender lapses or ceases to be in effect,Borrower shail pay the preminms required to
<br /> abtain covernge substantially equivulent to ehe mortgagc insunsnce previously in effect, at a cost substuntially equivulent to the
<br /> cost to Boaower of the rnortga�c insur.uue previousiy in etfert, from an ultcrnate mortga�e insurer approved by Lender. If
<br />- substnntially equivulent mortgnge insurance covcn►ge is not available,Borrower shall pay ta Lender c:ich month a sum equul to
<br /> one-twelfth of the yearly rnortgu�e insurance premium being paid by Harrower when tho insurance coverage lapsed or ceased to
<br /> �_ � be in effect.Lender wiil accept,use nnd rctain these payments s� a lo�s reserve in iieu of mortgc�;e insurance. Loss reserve �.
<br /> Form 3028 9190
<br />, Pogo 3 ot 8
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