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<br /> � 6. Hsrar3 ar P�perty Iasnrat�ce. Bon+ower shall tce�p th�dmprnveme�ts aow eaisting or 6ereafter erec¢eA oa the
<br /> property iasu�d sgainst toss by fire.hat�ds induded�ritLin the term'e�te�ded wireiage' and�►y.osher hazards,it�s[u�irtS ;
<br /> in ths aaaouats apd€ar 4he periods
<br /> Soads or Qc�aslinS.f�r which Lettder�uires i�uia►nce. 71us insutaace shal!b�maintaiaed" .
<br /> tbat.3,�rtder requiies.T�e i�suraace carrier providing the iosaraace shall be c8osen by Bo�rower subjec�to L�der'at ixdd�cas
<br /> _ � ailu'�sl�al�not�u�tY �ui�,`�.;�.�:f�r�u�ec �t�mas�cnt�e_d�Ded Ahove, 1snd�aiaY, -- _ - - - —
<br /> apdon,obtain caverge ta grote�l.�ader's ri�T►ts in the Pmperiy in accordanoe wirli paragraph 7.` - .
<br /> � All i�raace poticies aad renewats shal!be ac�ceptabie to I,ender arid shail indade a smndard mortgage cIause_ L�tder
<br /> s&all have the rigbE to hold tlte policies and r�tnewals_If Leuder recluire��Bortower shatl p:omPBY gve tu Leader all receSPs of .
<br /> paid premiums and reIIewaI uotices.In the evemt of loss.Borrower sha11 gi've pmm�t uotice to the iasur�ce ca�rier and I.ehder. -
<br /> La,�ei u�ay make proof of loss if t�ai made pmmpuY bY BOrrower.
<br /> Unlcss I�ender and Sarrower othenvise agree in writing,insurance PTec�
<br /> shall be apglied.tn restoration ur�pair of the
<br /> Property damaged.if the restoration oi repair is eEOrtomicaUy feas�ble aad Le¢der's securitl+'��not�shall be IsppliecL ta We sums
<br /> repair is aot ec+�nomically feasibte or L�nder's security wonid b�tessened,the insuraisce P
<br /> yecureQ 6y this Sa�rity Instruanent, whether or aot then dne. c++itt�aaY excx�ss paid to Bormwer. If Bor�oarer abandons the
<br /> ptoperty.or dves not answer�vithin 30 days a notice fYUm lender t6at t�ins�tca�or restoTe the Propeny or w gay�sums .
<br /> Lcnder inay on1lect the inspranoe Prooe�ds. I��Y�e the pmc�ds to'cep " , ,
<br /> sectu+ed by ihis Security Instrument,whether or aot thea dne.The 3Uday period w�ll begin�the natice is givea.
<br /> - UNess Lereder and Borrower otherarise agree in writing, anY aPAkcation of gmoe,eds ta gr.r4;x�pa1 siu�ll not e� or
<br /> postponc the d�i date of the monthlY PdY�erts refeRed to in p�agraphs 1 and�2 or drange t�'�:nnt of.t�paqmeu�s. 1f
<br /> _ � �d�r paragraPb 21 the P�+esperty is acqinre�DY I.e�der*Borrower's right to any insninnce Folicies a�td proceeds resvitiag from�
<br /> . datnage to the Praperty Prior to the acquisition sd�all pass to Lender to the eaccent af the sums secar�by dus Se�cnritY fnstr�n�
<br /> imm�iately paar to the a�quisition. � fl .�gg,,
<br /> �� d.�ocupancy,l*ireservation,Mainten�e and Protect[on of the Pcoperty,Bormwei's Loan Agpltcat� n,
<br /> Borrowet shal!occupy,establish,and ase the Property�Borrower's prinsipat c+�sideuce widiin sixtY daYs after the execution of
<br /> this Security Insuumeat and sna�continue t9 axuPY��O1�Y es Bormwer's priuciFal residehce for ai least one year after.�. .
<br /> ttie date of aaupancy,unless I.ender otk�s�e ugsecs in writing, wluch consent shall unt be umzasbnabiy withfieid,or ualess
<br /> extenuatinS circumstances eaost which a�.l;eyand Bonower's cantrel Borrower chall nnt d�aiay. dama$e os��P��
<br /> prppeity,altow the Property to dete�icta�.�it 4�mr�waste oa the PropertY.Borrower sheli`4,�;in defasilt if's�foifeiAxze
<br /> ' ac+aon or prooeedinS,whether civil oi criuni+�1.is�thai in Lender's gaod faith judgmeni c:�d resnit�►;fr�eim�of the .
<br /> �Pert3+or otd�esarise materialty impair the li�n createi�'i�y this Security Iastrumeat dr I.ender's serurity iriteres�i�t�oaower may .
<br /> atre such a defauit and reinstate,as providec�in paragraPh 18,bY ca�sin8 the action or pmceeding to be 8ismissed With a ruling
<br /> that,in Lendc�'.a goad faith detcmunaac�,ps�ctudes forfeitvre of.t�.$Borrowes's interest in tltn Propeny br other material .
<br /> impairment of`tiie lien'eceated bY t�is Security �nstmmem or Lenci�'�s securlry intecest. �oc:r's�urwt shall also 6e in defaulu`�'�°ti�
<br /> � Brnrower.during the loan application prooess.gaee materially false or ina�e ir.S-uzrnation oi statements to Lender(or fai�e� :
<br /> ' to pmvide Lender with�y material informarion}in oonnection�vitB the loaa evid�m��Y�e Note.including,buraot timited
<br /> , to,cepresenEations oonveming Borrower's occapaney nf the Pt�aperiy as a prineipal residence.tf this Se�,vrity Instnimeat is on a .
<br /> teaseSold, Borrower shall comply with all the provisions of the lease. If Rorrower ar.qnires fee tiuc to the Property, the
<br /> leasehoW and the fe�title si�ll aot merge unless i:ende�agmes tu the taerger in w�tiAg- _.
<br /> ?.protoction ot Lendei's•Rights�ib the ProP�rtY•If B�nower faits to perform the oovenants ar.d agreements cantaitt�l in
<br /> � �-.rthis Security InstrumQnt. or Were is a tegal proceedin8 that us�Y signifccantty affect Lendes's rights in the Property(sarh as a
<br /> •��proceeding ia bankruptcy,prbbate. far condemnatinn or forfeit�re or tv enforoe fawa or reguiatiotts).then Lc�dea maY do and •
<br /> . pay fot whatever is necessary to protea�the vaiue of the=Property and Lender's rights in the Property. LeildCS's a�cctions r4ay•
<br /> inclnde p�t�:any sums secuted by���en wtuch has priority ov�r thls�Secarity insuum►�;;�PPcaTi�� in court._�e�T�
<br /> reasonubte attorue�+s'fees and entering!slx�he ProFe�tY w mnke repai¢�:Although I.ender may.�aaion undcr this paf���t .
<br /> � .7.Ler.+der docs not have to ctrt'so. ' . . . ,
<br /> � Any amouras disbursed by Le�ex.undez this paragraph y shali becume additional debs of Borrower seaired by this . �
<br /> Seairity In.;uuyuent:Unlcss Wrror�er�s�,1�n�er aP,ree to other ierms of payment..these amounts sha11 bear interest fr�m t�e
<br /> ' date of disbursement at the Note rate�+'�d shall bc payable. with interest. upon notise fro�t�;A�der to Bosrower requesting
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<br /> . . P Y 8 Mo�g�Insuranaz.If Lender required moz�ase insurance as a oondition of making fii:Poan setw:.m�hy this Security
<br /> Instrument.Botrower shall pay the premiva�s rex�►i�ed to maiatain the mortgage inswaace in:effect. lf, gor any reason, the
<br /> cnQrtgage ifssauunc�ooverage r�equired by Lender lapses or oeases to be ln effect.Borrower sball"pay the pTemiums required to .
<br /> obtaip coverage substantial�y equi'valem to the mongage insurance previously in effecx,at a c+at,e substantialiy equivalent to the
<br /> cost to Bonower of the mostgage insurdnce gnwiously in effect.fram an altere�ate mortgag;:;rnswer approved by I:en�:�r. If
<br /> suHstantially ec�uivalent cno�zt�,rage insurance coverrage is not ovaitaDle.Borrower shatl pay to I.erider each momh a sum equal to
<br /> one-twelfth of the yearly rr��tgage insurance prem�um heiag paid by Botrower wheu the insurance coverage[apsed os oeased to
<br /> be in effect.l�nder will accepi,use and retain these payments ag a loss reserve in lien of m.�ortgage insurance• Loss nserve
<br /> Fortn 3028 918p
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