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<br /> g. H�r+d or PropertY lnsarance• Ho*r°wer shull keep the improvemente r�nw existing ��r hercaRer crcctcal an the
<br /> pmperty insund ngufnst lass by fire, hauuda included within the term"eatended rnvetnge" wxi any nthcr hulards.irtcluding
<br /> floods ur ilwidiE�g. for�vhicM l,ender�eauirc>;insnrnncc.This insucancc shult bc maintaincd in thc nm�wnts an�i far dic acriods
<br /> that l.ender requires.The inxurnnce enrrier�roviding the insurance shall be chusen by linrra�ver yubJ�wt tu Iw:nJar'n upprc�val
<br /> which shall not be unn�asonubly wtthheld. 1f Borrower fails to maintuin covemgo descdbed uM►vo, C.encler may. ut L.ender's
<br /> opdon,obtain covemge tu protect Lender's dghts in the Property in accordattce with ps�ragraph 7.
<br /> All insursnce pol[cies and renewnis shu�t be acceptable to L.end�r und shall include a Fwndard rnortgage duuse. L.ender
<br /> shull huve the rtght to hold the pai{cies and mnewals.If I.ender requires,Borrower shall prompdy gtve to Lender all rr,oeipts of
<br /> paid premtums and rene�val notices.ln the event of loss.Barn�wer shall give pmrn�t aotice to the irtsurance currler and Lender.
<br /> L.ender may make proof of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower othenvise ag�ee in writing,insurance pmcee�s shall be applied tu restorarion or repair nf the
<br /> ptoperty damaged.if the n�.staration or cepair ts economically feasible and Lender's security is not lessened.If the restornilon or
<br /> repair Is not econamically f+:��cible or L.ender's security�vould be lessened.the insurance prneeeda shall be upplied to the s�ms
<br /> secured by this Security Instrument, whether or not then due. w[th any excess paid ro Barrower. If Borrower abandons tbe
<br /> property.ar does not answer aithin 30 days a notice from I.ender that the insurnnce c�rrler has offered to se oi`o�e�m. �e g
<br /> Lender may collect the insurance pruxecta. L�►dcr may ase tt+e proceeds to repa�r or restare the Property FaY .
<br /> secured by this SecudtY insuument,whether or not thea due.The 30-day period wili begin when the notice is given.
<br /> Unless I..ender and Borrower otherwise a�ree in writing. any applicarion of proceeds ta pdncipal shall nat extend ar
<br /> postpone che due date of the monthly puymenu referred to in para�rnphs 1 and 2 ar change the amoupt of the payments. If
<br /> under puragrnph 21 the �or to the arquisiti n shall pass t�o Lender to ahe eatent of sthe sums sccu cd by this Secun�tl'I ustrument
<br /> dtunage to tho Propetcy p
<br /> immediately prior to the acquisttion. �i ���j�,y,
<br /> . 6,Oocupaney,Preserv�tion,Niamtenance and�'mtectton of the Property;Borro�ver's I.aan App cadon;
<br /> Horrower sha13 occupy, establish.and use the Property As Borrower's principal reaidence wlthln sixty days after the execut�on of
<br /> thls Secndry Instrument and shull continuc to occupy the Property as Horrowar's ptincipal resi�lence for at least one yeRr��Rer
<br /> the ciate of occupancy. unless Lender othenvise asrees in writiug.which wnsent shall not be unreasonabty withheld.or,t�nl�ss
<br />� extenuating circuwt�a�r,� cxlst wtitch an l�1�� �n4�'"r� conuol. Borruwer shail aat destroy. damage or tmpair fhe
<br /> property. allow thePa�apert�to deteriornte, or commit waata on the Pmperty. Bon'ower shall be in defauIl¢.if.any fal�cltute
<br /> action or proceeding, whe1D►er civtl or crlminal. is begun that in l.ender's good itdth judgment could result in farfeitutc 4f the
<br /> p�operty or u2heswlse materially impair the tien cmuted by this Securlry Instrument or Lender's security interest. BorroWer�raay
<br /> qu�e such a default end re[nstute.us pmvided tn paragraph I8,by causing the ection or proceeding to be dismissed with a�iing
<br /> that. �n Lender's good faith detexmination, precludes forfeiture af the Borrowcr's interest in the Property or other matcrial
<br /> impairment of the Ilen created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> Borrawer.durins the loan applicntlon process.�ave materi�lly fa(se or inuccurate information or statements to Lender(or failed
<br /> to pmvide Lender wixh uny matedal infonnation)in cannecUon with the lonn evidenced by the Note. including,but not limited
<br /> to.represQntatiorns wnceming Borraw�ec's oCCUpancy of the Property as a principal residen��e.[f thic Securiry lnstrument is on a
<br /> Ieasehold. Borrower shnll comply with np the provisions of the lease. If Barrower ac�uires fee dde to the Property. the
<br /> leasehold and th�fee tide shatl rtot merge unless I.ender ag��er fuits to�n rform the covenants anci agreemenu conwtned In
<br /> 7.PxotedEon oF I.ender's Ri�hts in the Property. Pe
<br /> this Secwiry Insirumem, or there is n►egal procceding thst mny signlficantly affect Lender's rights in the Property (such us n
<br /> proceeding in bank�uptcy. probate. for condemnation or forfeiture or to enforce la�vs or regulations), then L.ender muy do and
<br />— pay for whatever is necessary to protect the value of the Property �nd Lender'�rights in the Pmperty. Lendei s nctions may
<br /> taclude paying any sums secured by u Iten which has pciority over thts Security Instrument, stppearin� in court, paying
<br /> - e+easonnble attorneys' fees und entcring on the Property co make repairs.Although Lender may take action under this p�raph
<br />= 7.I.ender does not have to do sn.
<br /> Any umounts disbursed by Lender under this paragmph 7 �hall become additiona!debt of Borrower secured by this
<br /> ° 5ecurity instruinent. Unless Borrower and l.ender agree to other terms of payment,these amonnts shall bear interest fmm the
<br /> � date of disbu�r+ement su thc Nute rate :ind shall be payablc, with interest. upon uuti�r Gu�u i.endcr to t�otrotiser tt�t�esunS
<br /> � payment.
<br />�- 8.Mortguge Insurnnee. If Len�ler required mortgage insw�ance as a condition uF inaking the loan secured by this S�curity
<br /> Instmment, Borrower shull pay the preminms rryu�red to maintain the mort�age insurance in eifect. If, for uny reasc�:�, the
<br /> � mo»g�qe insurance covera�e required by Lender lapses or ceases 4v be in effece. IIorrower shall pay die premiums required to
<br /> = obtain mverage substantially equivalent to the mort�age insurnnce previously in effect.ut A cust substam[ally equivatent to the
<br />� wst tu Borrovrer of the mortgu�e insurunce previously in effect, ftom un altemate mortguge insurer appmved by Lender. If
<br />-- substnntially equivnlent mon�a�;e insurance covera�e is not uvailnble,Barrower shail pay to[.ender each month a sum equal to
<br />`= one-twelfth of the yearly mort�e insurance pnmium being paid by Burrower whert the insur.u►ce covernge ln}ssed or cea.u�d to
<br />•� be in effect. Lender wili acce�t.use and retain these payments os a loss ceserve in lteu of�ortgage in�urance. Loss resen'e
<br />, r Porm 3028 9190
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