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<br /> • S. Hrzard o��'roperty Iu�uraaza t�rrower ahall kocp ttie imprnvrmer.ts now exiatin�o�heroaPtor erec:wci uu �
<br /> the pruperry iruured a��inst la:a Dy tieo,hazudr includcd wittun the term"eYtenclad caven�e' and�ny uther tu►zards,
<br /> inr.ludin�tlood9 or tloodinQ.tor which Lenckr roquirc.a ins:uuuc.This insuruux�.hall be m�lntainal in the�mounts -
<br /> �nd far th� period.�that Lender requirea.The insurtnco cartier providinY the insur�nce sh�ll b�chosen by Borrower -
<br /> cubject to l.endw's appraval which shsll not bo unreaeonably withheld.If I3arrower fulm to m�inuin covera�,a�ecriboi3
<br /> ebove, Len:ler m�y,pt Le►uLa�r'4�ption,obtain c.�vr.cass to ;m�ixs l.:adu's riehte in the Prnperty in accord�nce w►th _
<br /> Mr�cMw»h?_
<br /> �...�.- . -
<br /> Ail inswu�ce palicies and c�enewals shalt bG uceptable to Lrn3er and st�a11 include �et�nclar mort�aYa c�ucz.
<br /> I,endzr sha11 h�ve tAe riRht Ln hold the policies u�d renewals. I[ l.ender requin�, Bormwer shall �xomptly �ivn to _
<br /> Lencicr�ll c�eceipta o4 p�id ptamiume ar►d renowa3 noticxs.I��the eeesu o4looa.IIo:���er shal{gi�e pmmpt naticc to the
<br /> iaswuuo carcier and Lender,Lender msy maYe proot of loss it not muk promptly by Borrowec. _
<br /> Unless L.endes and Borrow�r otherwis�a�roe in writ;n�.insur�nca proceeds shtll bo appliod to restocatiunor repoir
<br /> of the Properry dam�rod.it tho restoration or repair is economically fessible and I.ender's security is not lessenod.It tha _
<br /> restontion or repair is not xonamically[euible ar Lender's socurity wauld bo lasaened.the insurance procoeals shall be
<br /> applied to the suma socurod by tAia Sxwity Instrument,whether or not thai due,with any eYCas�s paid to Soirowu.Yf
<br /> gorrower at�andonv the Pr�pa�ty.or does not tnswer within 30 days�notice from Lender that the insws�nce curiEr h:s
<br /> otfered to sottle a claim,the�La�dor m�y collect th� iasuranco procoals. I.ender may use the proceeds ta repur or
<br /> restore th�Property or to pay sums eecured by this Socwity Iastrumeat.whether or aot then due.The 30'day period a ill
<br /> be�in when the notioe is given.
<br /> Unless L,et►der and Borcnwer otherwis�pgroe in writing,my�pplication ot procoocJs to principal shall not extend or
<br /> postp�ne the due date of the montNy payments r+�ferred to in pas�graphs 1 and 2 or change the amount of the paymcnts.
<br /> Ii under para�raph 21 the Property is �oquirod by I.ender, Boreower's right to any itssurance policies and psocoods
<br /> resuldnY feom dama�to the ProPa'tY Prior to ttu acquisitioa stutl pass w I.ender to the cxunt of the sums secnred by
<br /> thia Security Instrument immediately pdor to the acguisition.
<br /> 6.Occupancy,Praservatioa,Mainteaaaco wd Protection oi tbo Property;Horrower's Lwn Application;
<br /> �.car�:�a13:.. Barraaer� •1 occupy,�stablish,and uea the Pmperty�Rorrower's principal resicknce wittun axty days
<br /> after tho e:ecution oi tAis Socurity Inst�vment and stvll wntinue to occupy the Property as Borrower s princ�pal
<br /> resideace for�t least oae yeur aftmr the dite at occupincy,unless Lender otherwise agro�s in writia�,which oot�sent shall
<br /> not be uar�asonably withh�td.oc unless extenwtin�c�rcumst�ncea esist which are beyond Borrowe�'s onntrol.Borrower
<br /> shall not destroy,damage or impur tho Propa�ty,atlow the Propa�ty w deteriorate,or commit wa9te oa the Psoperty.
<br /> Bortnwer sha11 be iu default if any forfature�ction or proceedin�,wluther civil or crimitul.ia begttn that in L.ender's
<br /> Qood faith jud�ment could result in torldturoof the Property or otherwise materi�lly impair the lien crcated by this
<br /> Socurity lastsumeat or Leada's sec�uytp inta+est.Borrower may cure such a defautt aad r�.instate, :..� grotihded in
<br /> psr�raph l8, by causing the action or proceodia� to Fx dismissed with a ruling ttnt. in Lender'8 �ood faith
<br /> detamination,prxltx�es farfature of the&xrower's int�-t in the Propecty or other materid impairment ot the lien
<br /> creatod by thie Secucity Instrument or Lender's eecwity iateres�Bornoaer stsill also be in default if Borro�ver.dwiag
<br /> the loan spplicstiuei pmcess, �ave maurially false or iaaocurate intormation or statementa to I.ender (or failed to
<br /> provide Leader with any maurial intormation) in conaectioa with the laa evideaood by the Note,includin�, but aot
<br /> limitai to, reprc�seatations oonoetning Borrower's occuptncy ot the Property as a principil residence. If ttv.s Secwit9
<br /> Instrvae�t is oa a Icasehold,B�orrower stsall oomply with all the provisioas oi the lesse.I{Borrower aoquires ioa titlo w
<br /> the Prooertv.the le,�a�hold and t,he foe title stull not mer�e ualese La�der a�rees to the ma�er in writin�.
<br /> T.Proitctiz�o!Lr.nder'�&i=ht�ia the Property. if Borrowrs iails to periorm ttie oovenan�aac ap�eema�
<br /> coatained in this Socurity Instrumen�or there is�lega]procealing that m�y si�nificaatly affoct I.ender's ri�hte in the
<br /> : ' roperty (such as a procooding in lxnkruptcy, probate, ior ooademaation or forPeiture or to enfora laws or
<br /> e�ulations),then L,eader may do tnd py for wts�tover is neo�ssary to protxt the value ot the Propa�ty and L.ender's
<br /> ri�hts in the Property.I�''s actioa9 maY iaclud� pyin�any sums exwed by a lien which has pnority over this
<br /> SecwitY Insaument.appearing in oowt,P�Yin�rasonsble attoraeys'feee u�d a�tain�oa the Property to mako repairs.
<br /> Althou�h I.ender may talce�ctios�under thie ptra�ph 7,I.oader does not have to do so.
<br /> Any amouata disbwsed by Leader uzuler this p�ragnph 7 stull ba;ome additional debt of&�erowet secured by this
<br /> Security Instrumeat.Unlese Borrowes usd I,ender a�roe to otha tama oi payment�these amounta shall bur intaest
<br /> froui tPrs dau of disbin�emeat aII th�Note rato aad shall be p�yable,with iatertst,upct�n aotix irom I.ender tra Iiorrower
<br /> �I��B P�Ymcat.
<br /> �.Mortpso Insurance.If Lender roquired mortp,�ee inswstic�as s wadition of mokin�the loaa secvred by this
<br /> Socurity Inswmeat.Borrower shill psy the premiums requirod to inaiatsin the mort�a�e iaswaace ia effect.If,for my
<br /> reaeoa.tho mort��e insurance covera�e roquired by I.eader lapees or cea.ves to be in effec�Borrower shill piy the
<br /> � preinic;�s required to obtain covera�e subewitially equivsteat to the mortgige iasurance previously in effect,at a cost
<br /> subcta�tiaUy equivalcnt to the coct to Borrower of the mortYage insurana p�viowaly in effect, from an alternate
<br /> mortga�e ine�u+�r approved by I�eader. If cubetuitialIq oquiv�lent mort�a�e insursaix covera�e is aot availsble.
<br /> Borroaa ehili pap to Lender each moath a aim oqual to one-twelfth ot the yarly mortpge inswanx premium bein�
<br /> paid by BorroAer when the insaraace covera�e lapsed or cc,ased to be in effect.I.�nder will accept,use aad retiia tluse
<br /> paym,mte a� a loes reserve in lieu of mort,gage insivance. Loss reserve paqments may no longer be required,
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