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<br />. »,:,<�'..., ' S. Hezard or Property Insurnrece. Bormwer xhull kcep the improvements now existing or hercufter erecte� an the __
<br />_ -.�„��,•.� _-
<br />__,,;,,,.,,,.�_-�� Property l�urcd against toss by tire, h�n�+da included within the term "extended covemge"and uny other huzards, including
<br /> •� �+'-- floncl5 or Ilnoding,for which l.ender requircs insurxnce.This insurunce shull be maint�ined in the amuunts und for the periads �
<br /> '�`��?'�� thac Lxnder requires. The insurnnce carrier providing the i�surnnce shull be chosen by Barrawer subj�x;t �u Lx�nter's appraval �
<br />"'�°�•� which shall noc be unreasonably wtthhe(d. !f Barrower fallK to mnint�n covernge described abave. 4.ender may. ut l.ender's
<br />'y�.� option,obaincovcrage ta protect LendePs eights in the Praperty in accordanoe with parngmph 7. _,
<br /> AIf intiurance policfea and renewuls shait be aaeptnble to Lender and shall include a ntundard mongage cluuse. Lender
<br /> -"''��`'`�• '�� shalt havethe d�ht ro hold the pallctes and rencwuls.If Lender reyuires,Borrawer shall prompdy sive to Lcnder all receipts af
<br /> . ��M'��?!:� paid prerniunu and renewul notices.In the event of loss.Borrower shall g ive prompt not ice to t he i ns u r a n c e c a r r f e r a n d I.e n d e r. �
<br />-�-°=�fr '� Lender may muke proof of lass!f not mnde pramptly by Born►wer.
<br />:�,;�c '
<br /> �;:,,.}:y�,�_ ; Unless Lender and Borrower otherwise agrce in writing.insurance pmceeds shall be applied to restaratiun or repair of the
<br />_=-�t�'�� � ; prope►ty darnaged,if the restoration or repair is economicully feasible and Lender's securiry is nat lessened.If the restoradon or
<br />---�`'�'��C` `� repair is not aonomicully feasible or I.ender's secudty would be lessened,the insurance proceeds shall be applied to the sums
<br />�m-=-.-� secured by this Security Insirument, whether or not then due,with any excess patd to Borroaer. If Borrawer abandons the
<br />��� propetty,or does not answer within 30 days u notice from I.ender thut thc insurunce carrler has offered to settle a claim, tlien
<br /> _--:__-�6. Lender may mttect the i�surance proceeds. L.ender may use the procceds to repalr or resture the Property or to pay su�ns
<br /> "'"°°�"`'��--- securcd by this Security Insuument.whether or not then due.The 30-day period will begin when the notice is gtven `_
<br /> J� � +� Unless Lender and Borrower othenvise agree in writing, ssny appl�cution oi pracee�is tu pri�eci�wt shali not :.xicnd or -
<br />-""�����] postpone thc due date of the monthly payments referred to in parn�raphs 1 und 2 or change the amount of the payments. If -
<br /> ___ --_— - - under pa��aph 21 the Properry is acquired by I.ender. Borrower's right to any insurance policies and proceeda re.wltIns from
<br /> �°°°�='.��� damage to the Property prior to the acquisltion shell pas.s to I.ender to the extent of the sums scxured by this Securiry Instrument
<br /> ---___�..:� {mm��auly prlor to the ucquisit�c+n.
<br /> --—��' 6,Occupancy,Presetroation, Matnteaance ruid Protectton of the Property;Borrower's Loaa AppUcatton;Leasehoids.
<br /> -�"°_�� Borrowershall oaupy, establish,and use the P�+operty as Barrower's principat residence withln slxry days after the execution of
<br />�-�==.+r�!+,.,,� this Security Instrument and shali continue to occupy the Property as Borrower's princlpal residence for at least one year after
<br />=_==�:� the date of occupancy. unless Lender otherwise agrces in wdting.which consent shall not be unmasonably withheld. or unless
<br /> --. : _ -- �x=���� d��sta�S e!�lst which are heyand Borrower's control. Borrower shall not destroy. demage or jmpuir the
<br /> __�___� Properey,albw the Prapecry to deteriornte,or cornm[t waste on the Property. Borrower shall be in default if any farPeiture
<br /> �_=n=�=-- acdon or proceeding,whether civil or criminal,fs begvn that in Lender's goad faith judgment could result in forf�tture of the
<br /> -�"" Property or ahenvise rnatedally impafr the lien created by this Security Instrumnnt or I.ender's securlty interest. �onower may
<br /> ��="'g` cure sucha default and r:instate,as provided In paragraph 18�by causIn�the acdon or proceeding to be dismissed wittt u tuling
<br /> -----�=' that, in Le�er's gooct faith detera►instion, precludes forfeiture of the Borrower's interest in the Property or other matedal
<br /> = Impaicment of ti�e lien crcated by thia Security Insuument ot Ixnder's securiry interest. Borrower shall also be In defeult if
<br /> — Borruwer,dudng the loan applicatton process.gave materially false or inaxumte jnformation or statements to I.ender(or failed
<br /> to pmvide I.ender with any rnuterial information)in connection with the loan evtdenced by the Note. Including,but not limited
<br /> to, represe�ntetions concerning Borrower's occupancy of the Progerty as a pdncipal residence.If this Secudty Instrument is on a
<br /> � leasehold, Borrower shall comply with all the pmvisions of the lease. If Borrower acquires fee title to the Property. the
<br /> leasehold and the fce title shall nat merge unless Lender a�rees to the merger in writin�.
<br /> 7.Pratxtion of L�.ender's Itights in the Property.If Borrower fails to perform the covenants and agreements conta�aed in
<br /> this Security Instrument,or tliere is a legal prncoedEng that may significantly affect Lender's rights in the Property (such as a
<br /> proceedia� in bankruptcy,probate,for condemnation or forfeiture or to enforce Isws or regulattons).then L.ender may do and
<br /> pay for wiaatever is necessary to prutect the vaiue of the Propesty and Lender's rights in the Property L.ender's actions may
<br /> -- include payin� any swns secured by a lien which has priortYy over this Securtry Instrument. appearing in cow4. paying
<br /> ---� «asonabk auorneys'fees and entering on the Pmperty to make repairs.Although Lender may tnke action under this paragraph
<br /> - 7, Lender dces nat have co do so.
<br /> ------ Any amounta dlsbursed by Lender under this paragrnph ? shall become Fsdditional debt �f Borrower sa;ured by this
<br /> --- Secutity inswmznt. Untess Borrower and L.ender agicx tu othcr tcctns of payment,these a�ounts sliall bear intereat from tha ,
<br /> - date of disbursement at the Note rate and shall be payable.with interest, upon notice from I.ender to Borrower requestin$
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