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<br /> Ia�urnr�ce. Barrower shall kap the impmvcmcnts now e�ci ng o`�r hereu �,c �o'n th�
<br /> proipetty insured against loss by i'i�.��g included withtn tha term oxte�►ded cuveraBe and any oth�.r hezards. i�klodin�
<br /> floods or flooclirtg,foe wi�tch I.ender re,qufres insurence.This insurnnce shull bc maintalncd�n the amounte�nd fot tM periods
<br /> that Lender ragµins• The tnsurunce currter pruvlding the insura�ce sh�li 6e chos�n by l�ormwer subject to [.ender'a approvd �
<br /> t.enaer may
<br /> which shnll not f�e unrca.wnably wtthheid. If Borrower Fad1s to maintaln coverago describod abova, , et I.eadEr's
<br /> option,obtnin coveruge to protect Lender's dghts in the PropeKy in uccardanco wlth patugraph 7.
<br /> AII insurunce policieg and rc°eWa�e shall be ncceptuble to Lender and shall include a stan�aed mort�age ciause. Lender
<br /> shall huve th�dght to hold tha poltc[es and renewals• If Lender requires,Borrower ahalt pmmpdy glve to L.ender nN receipts of
<br /> paid premiums end�enewal notices.In the event of loss.Barrower shttl glve pmmpt noticE to the insurance�rrler and Lender.
<br /> [xnder muy m�ke proof of loss if aot made promptly by Borrowcr•
<br /> Unless Lender and Borrower otherwise agree in wridng.insurance proceeds shatl be npplied to restoration or repair of che
<br /> propecty demaged,if the restoration or repair 1a economtcally feasible and Lemler's sec�rity is not lessened. If the restoratIon or
<br /> repatr Is not economically feasible or Lender's secucity would be lessenod,the insnrance procxeds shap tie applted to the sums
<br /> secun� by this Secudty Insuvmen� whether or not then due, wlth azry excess puid to Borrower. If Borrower nbandoas the
<br /> propert;.or does not answer wlthln 30 days a nodce fmm Lxnder that the insurance carder has offered to settle Q claim, then
<br /> Lender eaay colle�t the Insurae►ce proc�s• l.ender may us�the p�s to repair or restore the Property or to pay sums
<br /> s�ured 6y thia Secur�ty Insuum�m•Whether or not then due.The 30�day period wiil begin when the nodce Is given. -
<br /> Untess I.ender and Borrowsr othe�wlse a8� in wriang• anY appl[caUon of proceads to pdncipal shall not extend or
<br /> postpone the due date of the monthly puyments refemed to in paragraphs 1 und 2 or change the amaunt of the payments. If
<br /> under paragraph 21 the Property is aaluired by Lender.Borrower's right to any insurance poltcies and proceeds nsuNing from
<br /> damage to the PcapertY prlor to the acquisition shnit pass to I.ender to the eatent of the sums secured by thi5 Securlty Insuusnont
<br /> immediately pr�or ro the ucquisition.
<br /> 6.Qceupancy,Preservation�Maiutenaisce and Protedion of the Property;Bor�wPr's Loan ApplicAtion;I.easehold�.
<br /> Born►wer shall occupy.establish,and use the Property as Borrow'er's pr�ncipal msldenre wtthin siary days after the eaecution of
<br /> thts Secudty Insaument and shall continue to occupy che Property as Borrower's princip�l resldenca fot at least one year afcer
<br /> - the date of occupancy. unless Lender otherwise st�rees in writing.which consent shall not be unmasonubly wlthheld. or unless
<br /> �xtem�etinv ci�rumstences exist which are beyond Borrower's contral. Borrower shaq not destroy. daraage or lmpair the
<br /> property,allow the PropertY to deteriorate.or rnmmit waste an the Propercy. Boriowa sfwii t,z in det'autt if aay fnrt'r�tsre •
<br />= action or praceeding,whether civii or crim{nal, is begun that in I.ender's good faith judgment could result in forfeiture of the
<br /> — Property or otherwtse materially lmpair the lien cre�tted by thts Secur�ry Instrument or Lender's security[nterest.Borrower a�ay
<br />- cure such a default aad reinstate,as Qmvided in paragraph 18,by causing the action or procee�ins to be dismissed with a ruling
<br /> - that, in I.ender's good faith determinution, precludes forfeiture of the Aarrowcr's 3ntcrest in the Properiy or other matertal
<br />- impaim�ent of the lien created by this Secudty Instcument ar I.ender's xecurity interest. Borrower sbali also be in default if
<br /> — Borrower,dudng the loan appltcation process.gave matetially false or inaccurate informadon or statements to I.ender(or failed
<br /> — ta provide I.ender wIth any cnatedal informat[on?in connection wlth the loAn evidenced by the Note. including,but not ltmited
<br />-- to.repr4sentadons concemin�Borrower's occupancy of the Property as a principal msidence. Ii this Security Instrument is on a
<br /> = leasehold, Borrower shall rnmply widi atl the provtsions of the leuse. If Borrower scquires fee title to the Property, the
<br /> � leasehold and the feE tttle shall not merge unless I,end�r If B nower fails to�n rform he covenants and agc+eements wnteined im
<br />,�� 7.P'rotectton of Lcader's Rights in the Property. Pe _
<br />'� this Secudty Insmiment, or there is a le�al proceeding that may signifccuntly affect Lender's rights in the Property (such as a
<br />:� proceeding in bankr�ptcy.probate,for condemnatlon or forfetture or to enforce laws or regulations).then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Propercy:uid Lender's rights in the Property. Lender's actlons may
<br /> include payin� any sums secured by a tien which has priority over thia 5ecuriry Instrument, appeacing in court. paying
<br /> I�iiS0ilRIfIB IIi�Ol118yS�fee�and entering on the Property to make repairs. Althaugh I.ender may take actton under this pa�agcaph -
<br /> 7.I.ender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> - Securtty Instrument. Uniess 8vrcuw�r und Lcadcr agree to other termq of payment,the.�e amounts shall isear interest from the
<br /> datc of disbursement at the Note rate and shuil be payable, with interest, upon notice from Lender to Borrower requesting .
<br />- payment. —
<br /> 8.Mortgage Insurance. If x.ender required mortguge insurunce s�a condition of muking the loan se�uted by this Securtty _
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage insurence in effect. If, for any mason. the _
<br /> mortgage insurnnce coverage c�equired by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to �:
<br /> obtain coverage substantially equivatent to the mortgage insurance previously in effect,at a cost subswntially equivalent to the �'.
<br /> cost to Borrower of the murt�age insurance previously in etfect, from an alternate mortgage insurer approved by Lcndcr. If �.
<br /> substandally equivalent mortgage insurance coverage is not uvailable,Borrower shali pay to ixnder each month a sum equai to _
<br />= one•twelRli of the ycarly mortgu�e insurunce premium being paid by Borrower when the insurance coverage lapsed or ceased ro -
<br /> be in effect.Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9180 •
<br />- Pago 3 0�8 _.
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