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<br /> S. Ns�rd ar Piroperty Insurance. Borrower shall koep the improvements now ex3sting or hereufter ereccad on the
<br /> Property insured agu�nst loss by i'irc. liuzurds Irtclude.d within the term "extended c:overagc" and any other huzards,includIng --
<br /> flooda or floading.for which l.ender requires insurancc.This insurance shnll be malntained in thc arnounts and for the pertods
<br /> thnt l,enritr requires. The insarxrtce carrier provtding thc Insurance shall be chosen by Barrower subject to Lender's approval r
<br /> which shell not be unreasanably withheld. If Borrower fails to maintain coverage descrlbed abave, Lender nwy.at Le:ndcr's
<br /> option,obutin covem�e to protect Lendcr's rights In the Praperty in ucoordance wich PazeSraPh�•
<br /> Atl tnsurance poltciey and renewnls shail be acceptable ta Lender and shall include a stnndard mortsa�e cluuse. Lender
<br /> shull havc the right to hold the poticies and renewats.If Lender requires.Horrawer shall promptly gtve to Lender sill receipts of
<br /> paid premiums and renewal notioes.In the event of loss.Bormwcr st►ali give pmmpt nouce to the Msurance carrier and 1L.ender.
<br /> Lender:enAy malce proof of lass if not made prompdy by Eorrower. __
<br /> Unlvss l.ender and�orrower othenvise agi�ee in wdting,insuranca proceEds shall be aAP�fed�o����ou or repair of tho
<br /> Propetty darnagad,if th¢iestoralion or repair is economically feaslble and Lender's seturiry is not lessened.If the reStot�tion or
<br /> re�ait ls not eoonomically fepsible or Lender's secudty would be Icssened,the Insurenca procceds shall be applied W tha sums
<br /> secured by this Securicy Instrument, whether ar not then due. wtth uny excess paid to Sarrnwer. If Borrawer abaqdona the
<br /> Property.or does not unswer wtthin 30 dnys u natice from I,ender that thc insurrnra carrier has affered to settle u clairn.thea
<br /> Lender may collect the insurnnce proceed�. Lender mny use tho praceeds ta rep�ir or restorc the Property or to pay sums
<br /> socurcd by tt�la Sc�ucity Sn�trument,whethcr or noi then due.Tho 3Q-day peri�xl will be�in when the notice is given. _
<br /> Untc�s Lcndcr und Barrowtr othcrwisc agmc in wrfdng, cu�y applicntian of pmcads to principal Rhall not cxtend or
<br /> postpona the due dnte af thc mnnthly puymcnts referred ta in puru13�uphs 1 and 2 or clwnge the umount of the puymxnts. If ,
<br /> under puragraph 2i thc Pmpeny iy iu:qulred by l.endcr.8arrower'x rlght ta uny injumnce p��licics und procceda resulting fram
<br /> danage to the Praperty prior to tl�c acqul�itlon�;hull pass to L.ender to the extent af tho Fums sccured by this Security Instcument
<br /> ienmediatcly prior ta thc ucquisit�an.
<br /> 6.Oavponcy,Pr+�crvetlot�,MAlntenance And Protectton ot the Propertyi ��'er's I.oan AppltcAtlon;I.easeftdd9.
<br /> BorrowM Rhut�occuPy,establieh.and use the Property as Barrower'a principal restdence wlthin sixty dnys after the execution of
<br /> this Secudty Ingtrument und ehnil wntinue ta occupy the Property As Borrower's pdncipal�estdence for nt least one year efter
<br /> the date of occupuncy.unless Leader otherwise agcpes in writing.which rnnsent shull not be unreasonably withheld.oa unless
<br /> extenuating circumsimices exist whlch are beyond Borrower's conuol. Borrower shall not destroy, damage or impair the
<br /> F;ap��.aitaw tl�c prope� so d�r4orat�.Qr zomm3t w�ic��d��P�. ��wer shalt be in defnult if a�ry forfeiture
<br /> acdon or pracxcding. whether civil ar cr�min�l.is begun that in I.ender's soad faith judgment could result tn forfeituna of the
<br /> property or otherwise materlaliy impair the lien cr�ated by this Secur�ry Instn�ment or Lender's secuclty tnterest•Borro�'aer may
<br /> cure such a defaWt and reinstate. as pmvIded!n paragraph 18.by causIn6 the accion or pmceeding to be dIsmissed with a ivling
<br /> that. in Lender's good fuith determination. precludes forfeiture of the Borrower's lnterest in tha Propecty or other materisl
<br /> impairment of the Iten created by this Security Instwnent or Lender's security interest.Borrower shall also be in default if
<br /> Bonower,dudng the loan application procc�s,gave materlally falae or Maccurace informadon or statements to Lender(at failed
<br /> to provide Lender with any material informadon)in oonnecdon wlth the loan evidenced by the Note,including,but aot limited
<br /> to,representatIona rnnceming Horrower's oocupancy of the Property as a principal restd�nce.If this Securlty Usuument is on a
<br /> leasehold, Borrower shall comply with alt the pravlslons of the lease. If Borrower 3oquires fee title ta tho Pmperty, the
<br /> leasetiold and the fce tide shull nat merge unless Lender agcees to the merger in wridng. ',
<br /> 9..�irotectton o!I�ender's Itighta!n the Property.If Borrower fails to perform the cavenants and agr�eements Cnnteined in
<br /> this SS�icurity Instrument. or there Is a legal proceeding thfl!rnay signlficandy affect I�ender's rights In the Properly(auch as a
<br /> ptocecdia� in bankruptcy,probate,for wndemnation or forfelture or to enfora:taws oc�egulations).th�[.ender�y��o�
<br /> pay for whsitever ia neressary to protect tha vatue of th� Property and I.ender's rights in the Property
<br /> include pttying any sums s�ured by a lien whieh has prlority over this Secu�ity Iastrument. appepcing in cautt. paying �
<br /> reasonable auomeys'fees and entering on the Property to make repairs.Althou�h Lc�rtder may take action uuder thia paragraph .
<br /> 7�L,ander does not huve to do so.
<br /> Any emounu disbursed by I.ender under tt►is paragraph 7 shall become additional debi uf Horrower secured by this
<br /> St�curity Insuuraent. Unless Borrower and Leniier agree to other terms of pnymen�these amounts shall bear interest�rom the
<br /> ' date oE diaburseii�ent at thc Notc r�tc and shall be payable. �ti�ith interest. a.pon nntice from Lender tc� Borrower requestitig
<br /> paymerit.
<br /> �.�Mortgage Insurance.If Lender requinxi mnrtgage insurence as a condition of making the loan securad by 2fiis Security
<br /> _. Inswment. Borrower shail pay the pmmiums required to maintain the mortgnge insurnnce in effect. If. for any ieason, the
<br /> mortgage insurance coverage required by Lxnder lapses ur ceases to be in effect. Borcowor shall puy the premtums reyuired to
<br /> obtain coverage substentially eguivalent to the mortgage lnsurance prevtously M effect,at a wsc substant3ally equ�valent to the
<br /> coat to Borrower of the mortgage insurance previously in effect. from an altemate martgage insurer•approved by i.�nder. If ,
<br /> substandally equivalent mortgage insurance coverage is not avnilabte,Honower shall pay to Lender each month a suin equal w
<br /> oae-twelfth of the yearly mortgage insurance premium betng paid by Borrower when the insucance coverege lapsed or oeased to ;
<br /> be in effect.I,ender wilt accept. ase and retain these payments as a loss reserve in lleu of mortgnge insurance. Loss reserve
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