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<br /> � 5.tfAZt�rd or Property Insurunce. Borr�wcr ahall kccp Uic improvcmcn�v now existing on c�rcufter crcctcd on thc Praperty
<br /> ' insurecl aA�inst loss by Cuo,hn•r.�ds included within the term "cxtcndcd covcragc" and any othcr hazards, including tloods or
<br /> tloodlnB,for which i..endcr rcquires ins�rnncc.This Insurancc shall be maintaincd in thc am�unts and for the periods that Lcndsr
<br /> <, rcqniros.Thc insurancc:carricr providing thc insurence ahall bc choscn by Borrowcr subjcct t�Lcndcr's npproval which shnU not
<br /> be unreasonably withheld. If Bonower fails to maintain coverage described above, L.ender may, at Lender's option, obtain
<br />� coverago to protect Lcndcr's rights in the P�op��y in aca�rdnnce wiU�paeagraph 7.
<br /> All insurance policies a��d renewals shall be acceptsble to Lender and shaU include a standard mortgaga clause.Lender shall
<br /> . •• havo tha right to hold the pc�licies snd renewals. IF Lender requ'ues,Borrower shall prompdy give to Lender aU receipts of paid
<br /> � ��:.����� prcmiums and renowal notices.In the cvent of loss,Borcowcr sh�l!Qive prompt nodce t�the insurance carrier and Lender.Lender
<br /> �-- t �°"'�' may mafcc proof of loss if not made pramptly by Borrower.
<br /> Unless Lender and Bonowcr otherwLsc agrce in wrlt�ng, insuranca pror,ecds shall be applicd to restaradon ar repair of tho
<br /> Property duma$ed,i�cho restoration or repair Is econamically feasiblc and T.cnder's securiry is not lessened.If thn restoradon or
<br /> reptnr is not ecanomically feasible or Lender's security would 6e lessened,t�e insurance proc�eds shall ba applied to the sums
<br /> secureii by this Security Instrument, whether or not then due, with any �xcess paid to Bonower. If Boreower abandona the .
<br /> Proparty.or does not answer within 30 days a nodc�from I.endcr that thu insurance carrier has offered to setde a claim,thcn
<br /> Lender may callect ihe insurance proceeds.l.ender may use the proceeds ro repnir or restore the Property or to pay sums secured -_
<br /> .:.� • ' by this Security Instrument,whether ar not then duc,'Il�e 30-tiay pedod will begin when Uie notice is given. �-
<br /> ''.°'�''`" t' Unlass Lender and Bonrower othenvise agree in writing,any appIleation of procceds to principal shall not extend or postpone =-
<br /> �•�,�,;:;; _
<br /> ����•`� ��� the dua date of the monthly payments refened to in paragraphs 1 and 2 or change tJ�a amount of the payments.If undcr paragrapli _
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<br /> • , { 21 tha Property is acquired by Lender,Barrower s riaht ta any insurr,nce pollcfes and proceeds re.sulting from dnmage w the
<br /> Property prtor to the acquis'sdon shall pass to Lender w the extent of the sums secured by this Security Insirument immediately �' '-`"
<br /> „ �: pr(or ta the acquisidon.
<br /> 6.Occupancy�Preserv�[ion,Maintenance and Pratectean of the Property; Borrower's Loan Application;Geaseholde.
<br /> ���. Borrowar shall occupy,establish,end use the Property as Borrower's principal residence within sixry days afte�the execution of ,��,°
<br /> this Securlty Insuument and shall continue to occupy tha Property as Borrower's principal residence for flt le�st ona yeur after the ��':_-
<br /> ' date of occapancy, unless I.snder otherwise agrees in writln8, which consent shall not be unreasonably wittiheld, or unless - __.
<br /> . extenuedng circumstences exist which are beyond BorrowePs control.Borrower shall not desuoy,dAmaga or impair the Propecty, -
<br /> � , allow the Property to detcriorate, or commit wus�e on the Properry. Borrower shall be in default if any forfeiture acdon ar -_
<br /> proceeding,whether civll or criminal,ia begun thet in Le;nder's good faith judgment could result in forfeiture of the Property or �-
<br /> ;,,�,� . _
<br /> ;,,;.;• � �• othenvlse matesially impair the Gan created by this Security Instrument or Lender`s security interes►.Borrower may cuia�u���n =
<br /> :�.::;; default end reinslate, as provided in paragraph 18, by causing the acdon or proceeding w be dismissed with u ruling thnt,in �
<br /> "��%'i Y � Lcnder's gaod faith dct�m�ination,pmcludas forfciture of the Borrower's intarest in tha Property or othor materlal impairment of --
<br />" :�;��,.V;; the lien created by this Security Instrument or Lender's secarity inteces�Honower shall Nso be in default if Borrower.ducing the _
<br /> -'.�:.�•4 Y,• loan applicution pracess.gave materinlly false or inaccuiata infonnauon or statements to Lender(or failed to provide Ler►der with
<br />'-;�'"•a ��`;, any material inforniation) in connecdon with tho loan evidonceA by the Notcs. including. but not limitad to, representsdons
<br />-`-'"-"•"•' coneeming Borrower's occupuncy of the Property as a princip�l resIdence.If this Sec�uity Instrument is on s leasehold,Borrower
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<br /> ---- n t shall comply wi�h all the provis[ons of the lease.If Borrower acquires fce tide to the Pcoperty.th�le�schold and Iho fee title shall
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<br /> ,.,_,_�; � not merge unless Lcndcr agrees to the merger in writing.
<br />=;�!���'�'�' � 7.Protection ot Lender's Rtghts in the Property. If Bonower fails w petform thcs covenants and agreements conteined in
<br />�Y ,.:;.,.:, �. .
<br />�= �-•'�Y�`� ; �fiis Securlty Instrument, or there is a legal proceeding ihai may significandy affect Lender's rights in the Property (such as a -
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<br /> - '_-_'°'='�- ptaceedtng in bnnlauptcy.probate,for condemnadon or forfeitw�e or w enforco laws or reguladons).then Lender may do and puy
<br /> ar.;ty:A,��,�i.
<br /> :_:,-;--,.�.}. for whatever is neccs.gary to protect the value nf U�e Pcoperty and Lcnd�'s dghts in the Property.L,er�der's acdons may includo
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<br /> -v,.:.�t Puv�'►R e�Y sums secu�ed bv a lien which has Drioritv over this Socurity Instrument� ao�earinv in �rn�r r:;s.�o �„=,,.��s�„h!� —
<br />- °t��"' attamays' feas and entering on�he Propecty to make repairs.Although Lender may taJce action under this paragraph 7,Lender
<br />-,;�.:t. .
<br />-�::,°;;�f?�,�� � doa9 not have u�do so. _�- —
<br />-_���i.�,����,„!' Any amounis disbursed by Lend�er under this parngraph 7 shall become addltional debt nf Borrawer sccurcd by ti►is Security
<br /> „�.���' Inslr�me.�t Unless Borrower and L.cnder a� to other tem�s of payment,thesu�mounts shall bear interest from thc date of -
<br /> --�,m,�,;=�: disburscmcnt at thc Notc ratc and shall be payable,with inierest,ugon no�ce from Lender to Borrower requesting paymcnt
<br /> e,;;ti5�, S.MoMgaqe Insurance. If Lender required mortgage inauranco as a condidon of making ths loan socurcd by this Sacurity _
<br /> '���'` Insuument, 1Bocrower shall pay the prEmiiuns mquircd to maintain the mortgago insnrw�ce in effect If, for any reasnn, tha
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<br /> __�.��, mortgage insurance coverugo required by Lender lapses or Geastss w t�o in offect,Bomnwer shall pay the premiums cequired to
<br /> ----��'"--'���) obtain covernge substantinSly equivalent to the mortga�e insuranca prsviously in effect,at a wst substantially equivalent to tha
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<br /> _�,_,.�.�� cost to Borrower of the mortgaga insurance previously in effect, fnnm an aitemate mortgago insurer approved by Lendcr. If �
<br /> � "'•-�°-�• substandall uivalent mo e insurar►co cov a ls not available, Bomo�ver shnll a to Lender each nnonth a snm uul w
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<br /> `; 'L :�.*'��' : ont•twelfth of the ycarly mongage insurns►ce prcmium being paid by Borro�uer when the insurance coveragts lapsed or c�sed to _-
<br /> _ ,. be in effecG Lender will acccpt, use and reL.�tin ihese payments as a loss reserve in lieu of mortgage insurance. I.ass reserve __
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<br /> :. .;�1 Form 3028 O/o0 ��
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