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<br /> � � 1 . - ,9 �za�9�� ,
<br /> - S.Nazard or Property Insurance. Horrower shaU kc�cp the improvemc:nta now caistfng or�cm,'aftcr crected on tha Property ~ "'
<br /> = InsureA agalnst loss by f�re.hazerda included within the term"oatende�coverage"and eny o,ihcr ha�ards,including floods or
<br />- - flooding.for which I�ender mquices insuranco.'Ihis insuranas shal!be inainteined in ihe amotuets end for tha petlods thet Lender
<br /> ., j rcyuirq.'Iha inautartce carsier pmviding the insurance ahaU be chosen by Borrower subject to Lcnder's approval whicb shall not ' ,
<br /> � be unreasonably withheid. If Honower falls w maintain covesage descxlbed above, I.ender may. at Lender's option, obtain
<br /> = caveraga to pmtoct Lender's dghts in the Property in a�cordance with paragraph 7.
<br /> " AU Insuiance pollcies and renewals shall be�ceptable to Lendca'and shall irtclude a standard mortgage clause.Lende.r stuill
<br />- . � have tho dght so hald the poUcics and senewals.If Lender requires.Borrower ahall prompdy givo w 1.e�dcr all rfxelpts of paid
<br />= pmaniums end renewal noHces.In the event of loss,Botrower sdall give prompt notice to the insurance caniu and I.ender.Lender
<br />— may malce proof of loss if rtot made pmmpdy by Sorrower. .
<br /> Unless Lcnder and H�rrower otherwise agcee�n writing.insur�►ce proceeds shall be applled t°resc°ren°n ar repair of the
<br />—, �mmperty damag�xl.if the resWratton or repais is economicaUy feagtble and Leader's se�urity is not lessened. If the reswration ar
<br /> ra
<br />— , repair is not economically feasible or L.ender's secudty wonld ba lessened.the insurance proceeds shall be aPplied to the sums
<br />� � , secured by this Security Insuument,whether or not thea due. with any eacc,ess paid to Borrower. If Bomower abaadons the
<br />�;' . �ropecty,or dces not aaswer withic�30 days a nodce fmm Ler�der that the insurar�ce cairlcx has offered to s�We a claim,thei►
<br />_�� l.,enda may collect the insivance prooeeds.i.ender may nse ihe procecds to repair or restoie tke Property or to pay sums se�ured
<br />�, " by this Securlty Insm�mcnt,whether or not then due.lh8 30-day period will begin when the aodce�S given. �
<br />�' Unless Luider and Borrower othavvfse a�ee in wridn8.auY ePPllcadon of pz�oceeds to priucipal shall not ea�tend or postpone
<br />�r, the dua daba of the mnnthly payments referced w in paragraphs 1 and 2 or change the amount of the payments.If under paragraPh
<br /> 21 the Propaty is ecquired by Leader.Borroaer's rlght to any insurartce polfcies and pmceeds r�ulting fsom damage w the
<br /> ' prope�ty prior w the acquistdon shall pass to Lender to tke extent of the sums secureal by this Security Instevment immediatcly � L
<br /> �. prior to the acquisidon. . .
<br /> , 6.Oocupaacy,PreservatEan�Maiatenstnce and ProteMion of t6e Proprrty; Bore ower's Loan Applicatbn;Leaseholds. � . _
<br /> Bmrowea sdall occaAY�establish�and we the Property a9 Sorrower's p�lncipal residence arithin sbcty days after the execudon of ; �j,-.-
<br /> " this Secudty Lnsuument and sdall condnue tn accupy the Property ag Bormwea's principal cesidence for at least one year after the . . ,' ;
<br /> data of occupancy� uNess Lender othera�se agrees in wridng�which consent shall not be unrnasonably wIthheld.or unless • :,,?r;.�� ; ;
<br /> _,-_- _ -_�- excennating ci�wns m nc�c�t w t i L;h r ss�i�yand Bosrawcx's cartrol.Barras�er stsal!aot�roroy.dam�„e or im��he Propescy, _._:;`�;'� _-
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<br /> . aUow the Property to deterlorate. or commit wa�te on the Propeaty. Borrower sliell 6e �n deftwlt if any forfeiw�e acdon or �,.,,..:,�,.,�..�,x ;
<br /> pmceeding.whether civil or criminal,is begun that in I.ender's good faitb judgment could result in forfeihnr�of the Prnperty or . , . ' +
<br />- ' otheawlse materially impeir the lten aeated by this Securlty Insuument ar Lender's securlty intesest Bairower may ctu�e such a . ,� �i ,
<br /> .�,: - .. defaalt and r�instate. a4 provided in pa�raph 18.by c�using the actlon or procee�nB to be disrnL4sed with a cWing that,in � "�� t�, �
<br /> us •.
<br /> �E � Leadet's good faith deteimination.precludes forfeiwre of the Sotrower's iat,e[est in the Pcoperty or othea material impaimnea�t of "` ."�':>t
<br /> �, the lien created by tdis Secitttty Insuument or Lender's securIty iatsres�Bosower shall also be in default if Somower,during the ��''`�� ��';
<br />��'.. . loaa applic�doa proces.�,Bave materlally false or inaccurate infomuuton or stateme�ats to Lender(or failed to provide Leader wW► ;
<br /> �r' any mat,erial infom�atia►) in comnecdon wit6 the loan evIdeaced by the Note. includIng�but aot llmited to, represeatattons ' :�. �,
<br />-a.:
<br />�1,,; , COAC¢miAg BOI[Owe['8 oCCUpeilCy Of fh6 PDOpecty eS A pliItdpsl tesid¢1lCe.If'UIiB S�CUtIiy I[ISl�criCAl L9 OA 81eeSC�loId�BOI[OWC[ . ..:�',....�.��►,2
<br /> 71': ,� . , sball comply with ell the provlstons of the lease.If Borrower acq�ires fes tide to the Property.the l�asehold and the fee dde shail , ,`�T' ;1'"-_
<br />�_ not merge unless Lenda agtoes to tha merger in wridng. '�_-�—.
<br /> ,.�. 7.Protectton ot Lender's ltigdta in the I'roperty. If Borrowet fails tn perform the coveaants and a�eements contained in ,
<br />_�+�' �. _.' this Securlty Ir�stcument,or there ls a IeB�P�����Y��cantly affect Lender's rights in the Propaty<sueh ag a °`�
<br /> . _ proceeding in banimiptcy,probate.for condemnation or forfuiwro or to enfor�e lawa or reguituions).tha►Leader maY do and pay ��
<br /> for wdatever is rtecessery to pmtect the velue of the Property and Leader's rights in the Pmperty.Lemda's acdons may include ::�:;..;�`,�
<br />� � " PaY�B �Y sums sseccured by a Hen which ha4 prlo�ity over thL4 Securlty Instrument,aPPearIng in caurt.PaY�6 ��1e �:'��; ,-:•
<br /> _.. .;'`,. ., a a o m e ys'fees and enoeain g on the P r o p e r t y W make repairs.Although I.ender may mke acdon under this paragraph 7.Lender � "°,,li•.
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<br /> .. does aot have to do so. . �
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<br /> _�,. Any amawsts cllisbursed by Lender under this paregcaph 7 si�all bacome addidonal debt af Bomower secured by this Sec�uity ;-',_, - -
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<br /> ��,.. IasWmen� Unless Borrower and Lerndea agrce to other temis of payment,these amounts s�all bear in�st from the data of �,:�;�",.� .
<br /> " disbutsement at the Nole rate and shall be payable.with�ntemst,upon nodoe from Leader to Borrower reque�coin8 PeYmenG . ,�;;;. , ,
<br />` � � � � 8.Mortgage Inswance. If Lender required mortgege insurence ac a condition of making the loan secured by this Securlty �'.��'
<br />?� ;:. � L�suument, Bomower shall pay tha premlums required to maintain tt►e mortgage insurancs in effecL ff, far any reason. the ,. �
<br />' Rt mortgage insurence coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required W ,
<br /> o,�`� -. abtain coverage substantially equivaleat tn We mortgage insurance previausly In eEtect,at a cost substsntially equivalent to the ��'�'�:
<br />=, ;. cost to Borrower of the mortgage insucance previousiy fn effec� from an altemate mortgage insurer approved by Lender.If �.'�'
<br /> � ' - substentially equivalent mortgage insurance coverage is not available. Bo�+ower shall pay oo Le,�tder each month a sum equal to .
<br />_`$ � � one-tweifth of the yearly mortgage insurenca premium being paid by Botrower when the insurence coveiage lepsed or ceaSed co
<br />=;_;; ba in et'fec� Lender will axept, use and m.tein these payments as a loss reserve in lieu of mortgage ins�uence.Loss resave �
<br />_� _ . , Form s028 9l80 ,
<br />=g�. ��BR(NE)to��z� Vaga0ot8 ,, �;����'�y-- -
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