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<br /> G S. H�ard oc Pe�operty I�ur�nce. Bc�rrowcr ehall kap the impravementa now exi�tii�g or heraiftcr erectad an the
<br /> Prnperty iasur«i against locs by fire, huzards included within ttie term"extended coverage" end ony ather hu�xrcli, including
<br /> - flaxlK or ilading, for which l.cnder requires insurunce. This ingur�ncc shsll be muin�ainal in the Amcwnts arui fiir thc perialt
<br /> ' Ihut l.ender reyuires. The insurunce rurrfer�mviding�he inwrunee �hall he chrnen by Bnrrawer �ubJect Io l.ender's uppruval
<br /> , . �;��'�� ., whirh �hull not Ix unreaf:anably wilhhelJ. if &►rruwer fuils w nmintain cnverage de.ceritxcl �bove, t,ender nwy, ut Lender'r
<br /> ° •A��x,•'.,°'` optiun.c�btain coveragc to protect l.er�dcr'a rights in the Praperty in accordence with pAragruph 7.
<br /> All insurunce policies and renewals hhwll be ncceptable to I.ender and shall include u xtandurd monguge clause. Lender
<br /> `:,.,�` sholl huvc thc right to hold the policfes and rcnc�uals. !i Lender rcquircc, F�+rrc►wer,hall promptly gfve to Lendcr all roccipta oP �__
<br /> ,,.�,. , paid premiums and renewul notices.In the event of loss, Borrower ahall glve prompt notice to the insurance a+r�fer w�d Lender.
<br /> .•• n,..�. • Lendcr may make praaf af lass if ix►t made promptly by Borrower.
<br /> s���f' Linlcxs Lendcr and Borrowcr othcrwiise agrcc in writing,insumnce proceeds shall be Applicd ta res�oratiun or repair of the
<br /> ,,�.�,,,E,;;.;,,....�`��` Praperty dumpgod,if the restoratian or repair is ecanomically feasible and Lender's socudty is not lessenod.If the restoration or
<br /> ' ' repair is not economicully fensible or Lender'a secu�ty would be lessened,the insurance procceds ehall be applied to the sums
<br /> - .�•��s,.;;:�,_ secured by this Security Instrument, whether or not then due, wlth eny excess paid to Borrower. [f Borrower ubandons the
<br /> ,.,K;k._�.:;,,'"� Property,or does oot ancwer within 30 days a notice from L.ender that the insurance carder has offcred to settle e claim,then
<br /> . � [.ender may collect the insurance proceeds. L.ender may use the proceeds to repair or restore the Property or to pay ewns
<br /> �; ;r��;;,�� � secui�ed by this Security Instrument,whether or not then due.The 30-day pedod will begin when the notice is given.
<br /> ' Unless I.endcr and Banower otherwlse agree in writing. any application of proceeds to principal shall not extend or
<br /> ry�::�.w;•-:' ' postpone the due date of the monthly paymcnts referred to in paragrapha 1 and 2 or change the unount of the payments. If
<br /> ' , under paragraph 21 the Pmperty is acquired by I.ender, Barrawer's right to any insurance poHcies And proceeda resulting from
<br /> � �"° �� �• damage�o the Property priar to the acquisition shall pas.4 to Lender to the Cxtent uf thr sunts cecured by thi�Security Inctrument -� —
<br /> �_ �:•'��-��R �• immedialely prior lo the ucquisition.
<br /> _:,�ii=�� �''.� "� b. Oocupancy,PreservANon,MAintenance ond Protecdon af the Property;Borrower's Lo�o Appllcation; I.eaceholda.
<br />-��i � � Borrower shall nccupy. esteblish.and use the Property as Borrower's principal resldence within sixry daye after the exeeution of
<br /> �-�; `. '� • this Security Instrument and ahall wntinue to occupy the Property as Borrower's principal residence. for at least one year aftu
<br />-°,�� ,.,.�. ,. ,�. :�' the date uf accupancy, unless I.ender otherwise ugrees in wrltfng,which consent shall not be unreasonably withheld,or unless
<br /> '��' �• � extenuating circumstances exist whieh nre beyond Barrower's control. Horrower shall not desuoy. damage ur i�n�afr tiw
<br /> '� � • •�• . • � Property, nllow the Propeny to deteriarate, or cammit waste on the Property. Borrowcr shall be in default if any forfeiture
<br /> _ � • , ^ � action or proceeding, whether civil or criminal,is begun that in Lender's good faith judgment could recult in forfeiture of the
<br /> — �� • �� Property or otherwise materially impair the lien created by this Security Instrument or L.ender's secudty interest.Botrowu may • -
<br /> —` "�`"" `� �� "�'" cure such a default and reinswte.as provided in pa�agraph 18,by causing the action or proceeding W be dismisse4 wlth A tuling
<br /> —� —= b tLnt. 1�1 LC�NICt��guix3 Tiifi�i�ZtZfiiilii8il0ii. pr�lude.�forFeiiurc of ihc Bot+�wcr's iaicresi is il:c PsoFe�ty ar asl�r m� . �
<br /> '"�� , " impuirtnent of the lien created by this Security Instrument or I.ender's security interest. Horrower stwlf �Iso be in default if
<br /> x , BoROwer,during the lo�n application pracess,guve meterfally False or inaccurate infommtion or statemtmts W Lender(ot fatlod
<br /> 's � '�' ° to provide [.ender with any material informationl in cannection with the laan evidenced by the Note, including,but not limitod
<br /> X'
<br /> ::� �3',��.t1 • " to, representations concerning BoROwer's occupancy of the Property av a principal residence. If this Secutiry Instrument Ia on a
<br /> L�;;� '`°g?' . „ ..� leasehold, Borrower chall comply with all the provisions of the leasc. If Borrower Acquires fei title to the Praperty. d�e
<br /> � lesisehold und the fee titic shull ncx mcrge unlesr Lendcr agrecs to the merger in writing.
<br /> ` � • � �'• 7.Protection oP l.ender's RiRhts fn the Property. If Horrower fails to perform the covenants and egreements contained!n
<br /> - :.;;•�,
<br /> ,��,,, this Security Instrument, or there is u Icgal proceeding thut may signiticantly affcct Lender's rights in the Property(such as a
<br /> -`' �• _ . .. prnceeding in bankn�ptcy, probate, fiir condemnation or forfei�ure or to enforce IAws or regulationsl. then L.ender may do and
<br /> ,.' • .� ,, pay for whatcver is nccessury tn protect the value of thc Praperty und [.ender's rights in the Property. Lender's actions may
<br /> r • � ° include paying uny sums secured by a lien which has priority ovcr this Security Instrument, appearing in court, paying —
<br /> , rea�nuble u�torneys' fces •rixl rntering on�he Property ta make repain. Although i.ender may take action under this paragraph
<br />-- • , ... 7,Lender does nat huve to do so.
<br /> a:d � � Any amounty disbuned by L.cnder under thiti paragraph 7 shull becurrx udditional debt of Borrower secured by this
<br />�'' ,y. Y� Security Instrununt. Unless&�rr��wcr und l.cndcr ugree t�� wh�:r ierms��f payn�ent,thesc umounts shnll bear interest from the
<br /> � ""�' ' dute of disbursement ut the Notc nitc and shall be payablc, with intcrest, up�m notice f'rom Lender to Borrower requesting
<br /> , paymcnt.
<br /> � ; '���,;,,.,. „ S.Mortgage Insurance. If Lender rcyuireJ mortgage insur�nce as a condition of rnakin�the loan secured by this Security -
<br /> _ ��,; Z� Instrument, Bonower shall pay thc premiums rcquired to maintain thc mortgage imurance in effect. If, for uny reuson, the --
<br /> �,° . ' • mortguge insuruncc covcruge reyuired by L.endcr lapses or ccases tu Ix in ctTerl, B��rrawcr.hull pa�• thc prcmiums required to
<br /> x�•- �� ��!` • obtein coverage substantially equivalem�o the mongugc in�urnnre prrviously in el'1'ecl. �I 8 l'O51 subtitantiully equivalent w the �.;
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<br /> cost to Borrowcr of the mortga�e insurancc prcviously in eflect, frum an vllcmatc mungagr in,urcr approved by L.ender. If
<br /> . • subswntiully equivalent mortgagc intiurance coveragc i� not avai lablc, BurroN-er.hvll puy t��l.cndcr rarh mon�h u sum cyual �o
<br /> , one-twelfth nf thc yearly nxmgage inaurance premium hcin�paiJ hy Bnrru�e�r whcn th�intiuranrc c��veruge lapK�c1 ur ceased to
<br /> . be in effect.L.endcr will uccept, usr und retain thc.c paymentti us u I�m rc.crvc in lieu of mnn�upc insurancc. l�titi rctierve
<br /> � Farm 3028 9I80
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