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<br /> 5. Elaz�d ur Piroperty Ituut�usce. &+�rawer clwll kecp thc impravcmcntH noH• c�,Ktl�fg ur hen�Rcr er�xtc�l �ui the
<br /> Pr�rty msured agaiau Ic�cc by fire, twzanlc i�kiwkd within the tonn "exte�ukul c����ernila' uixl cmy �uher h�rds, inelueling
<br />_ flooJs or floa�iing, fiu which[.crxkr rcyuirc� in.w�ance. 7'his insurunce�hall he maintuinc�J in ttu:mkwnts�x1 fur the periwis
<br /> inat i.ciuici I'CyUI('l'\. 1(1� IIIWfiUKC l'iU11CI �li��'IUIII�:lI1C 114WTi{!K"C UI:11�lK'CIIIiJCII u; uuuu..c� .ui,j.:i��: :.���i:��,�,�or�1i
<br />- whuh a�u►II n.x be u��rrssa�i►I� wi►hlxld. If BorruNer fails tu msintuin a,verage slrx��ii�e�,l�twvr. lx�xlrr��uy. ;u Lrixtrr'� _
<br />- uptian,c�tu�in wti•erage to protect Lender's rights i�the Prupeny in acc.�rdanca with paraFr,inS 7.
<br /> All insurance poticies and renearals shal! t�e.^.ceepubte to Letuier ;uu! shall in��tudE: a u:uu�unl m.unS�g�ctsu.�c. L.crukr
<br /> shall have the right ta h��ld tha policies and rencwals. If Lcnder r�quires, Borrow�er sb111 p�•umptly gi�•e to l.endc:r all receipts of
<br /> paid premiums and rcnewai notices.In thc event of loss, Barrou•er shall givQ prompt noti�a tu du insu�aiuc�;arricr aix!Leiuler.
<br /> Lender ntay tnake proof oi'lass if nat made prompdy by Borrow•er.
<br /> Uniess Lender and Borrower otherwise agnx in writing, insurance ptocc,�:tls shull be applied to restoration or repair of the
<br /> Property dvnaged, if the restoration or repair is econon�ic:►Ilv fe�ible:uul Lender's sc;wii.�is.not lessened. if thr restoration or
<br /> repair is not economically feasible or Lender's security w�ould be lessened, tha insuranc�p���eds shall be applied to the sunis
<br /> secured by this Security tnstrument, whether or nnt then due, with any ezcess p�id tu Barrower. If Borcower ab3ndons thc
<br /> Property. ur eiaes not ancwer wid�in 3t1 days a notice from Lender that the ins�ra;►c�camar I�ac offered co set[le a claim, then
<br /> Lender rn�y ��Ilect the i�uuruue p�vc:eds. Lender may use the proco�dc w repair oi resture the Propehy or to pa} sunu
<br /> secun�d by this Security lnstrument,u�i�ether or not then due.Tho 30-day peri�xi will begin w�hen the notice is given.
<br /> Unless L.en�er�r1 Borrower a�herwise agtee in writing, any applic:►tia��af pme�Ja to principa! slwll not exten:i ^r
<br /> postpone the due date of tl�e mor.thly payments referred to in psra�erophs 1 and 2 ar chtu�ge the amount of thc paymec:ts. If
<br /> under par�graph 21 the Property is acyuired by Lend,.r, Borruw•tr's right to any instimn�::policies and praceeds resulti^ti�from
<br /> ' ge to the Property prior to the acquisitian sl�all pass to Lender ta tho ozeenl af tl�a suins secured by this Security Iastn�.-nent
<br /> iucui�adiately prior to�he;;;:�,uisitiou.
<br /> 6. OccupancY, P�a.�n�tiou, btsuiuteaanc.�e sud protocttnn of the Pro�mtxt 8urr�w+er's Loan�1p�pliratton; I.es�seAalds.
<br /> Bonower shal!�ccupy,��a:ablish,and use the Property�s Barm�v,:r s primip;,1 rssida�ncc witttin sixty days�:r the e�ee.�;�an oE
<br /> this Ser.urity Instrument and shall continue to occupy the Prope� us Barrowa�'s principal �sidence f.�r a�:e�t one y,.ar after
<br /> the date of occupancy,tt�less l.er�der w�herwise�graes in w•riti��_ Khich cen�nt shall not bc.�sea�e�I� withheld,or unless
<br /> extenuating circumstnn:zs exist whico are beyond Borrower's ca:urol. Burr�u•er sluill t��t �:�.'stroy. damage or impair the
<br /> Property. allow the Pruperty to deteriorate, or commit waste on the Prepem_ 6orrower sl�li be in default if any forfeiture
<br /> action or proceeding,whether civil c+r criminal,is begnn that in Lxnder's gocz3 €aith judgk�:t eould result in forfeitwe af the
<br /> Property or othenvise muerially in�tir:he lien created by this Sc���s:rity Instcument or Lenc.e�s security interest.Borroxtx rnay
<br /> cure such s�default and reinstate,�s�:�•ided io p�ragr.�ph 18,by causing the action or procea::ag to be dismissed with a:vling
<br /> that, in Lender's good faith determin�tion, precludes forfeiture of the Borrower's inta�st in the Proputy or other material
<br /> impairment of the lien ctrated by this Security lmsravment or l.ender's secur.t�:interest. Borrower shalt a:so be in default if
<br /> Borrower,during the loan application prootss,gave materi�lly f�lse or in�ccura.z infomwtion or staten�,t;cr��,ender(oc failed
<br /> to provicie I.ende�with any mzterial iuforn�ation)in connection with the lour evidenced by the Note.i�u.�ir:3:c�,but�c li�ttited
<br /> t0, npTes�G7tionc eoneerniofL Borrower's oOCUD�nev of the Prooertv ac a nrineimi nr_cicien�. Tf thic Gnis;n incm��sxnr:c(M A
<br /> It�chold. Burrowzr stiall camply with all the provisior�s of the lease.�if Burruwer acquirca fee titie t�ti� prope:�, the -
<br /> leasehold and the fce a:te st�a11 not merge unless Lender�grees to the merger in writin�. '
<br /> 7.Pratectbo ot Lem�3es's Righfs in the Property.If Borrower fails to perform tho oovenants�nd agr�;.°r.n:nts contained in
<br /> this Security Iiuwmcnt, or there is a legal proceeding tt�at may si,�nificandy affeci l.ender's rights in the Property(such�s a
<br /> prooerding in bankruptcy,probate, fcr condemrtation or fotfeitucL or to enforce laws ar regulations),t}►en Lender may da and
<br /> pay for w:�ievcr is necess�ry to��^E the value of the Property and L,encler's rights in the Property. Lender's adions may
<br /> include paying �ny sums secured by a lien which has prioriry over this Secwity liutivmeni, appearing in oourt, paYinB �
<br /> ..rcasa�able attorneys'fces u�d enteris�on the Properry co m�1ce repairs. Althaeg�l.eader�ay take action under tbis par�gr.aph
<br /> 7,Ler�der does not I�ve to do so.
<br /> My �nwt�ntc disbursed by Lender under this paragraph '7 s1�a11 become additional debt of Borrower secured �• this
<br /> Secur;ty Inctrument. Uniess Borrower and Lender agree to other:emc of payment, these amounes sh�ll bear interest fr�t.�the
<br /> d�te of disbursemeni;it the Note rate and shall be �ayable, with inierest, upon notice from Lcnder ta�anower roquesting
<br /> paYment.
<br /> 8. Matgage Insurance.If L,ender required mortgage ins�s�e as a conaition of making the loan sec�:.-e6�y this Se�,tt,riry
<br /> Instru�, Borrower sh�ll pay the premiums required to main:.yn the mortgage insurance in effect. If, for any r�.�, che
<br /> mortg�ge insuranx coverage required by Lender lapses ot ceases co be in efferi.Borrower sl�all pay the premiumc re�to
<br /> obt�in coverage substantially equivalent to the mortgage inwrance previously En,effect,at a cost substanti�L'y equivalect.o the
<br /> cost to Borrower of the mortg�ge insuranoe previously in effect. from an alt�rnate mortgage insurcr a�atuved by L,end�r. If
<br /> substantially equivaletu mortgage iacuranoe coverage is not availabk,Sotrower shall pay to Ler�der each�pth a sum oqr.rat to
<br /> ono-tweiftti of tIu ycarly mortgage insuranee premium being paid isy Borrower wfun the ics_surznce coverage lapsed or o��.i to
<br /> . be in effect.Ixa�kr will aocept,use a�d retain these payrncnts as a;oss reserve ia tiea of murtgage insuranoe. Loss c�x.�rve
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