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<br /> '�� S. 1l�rd or Property ln�urance. Borrower shall keep the improveisient� tuM��ing or hereaite�r erected on thc `
<br /> Property insured uguinct loss by fre. hu.�rcls includal wllhin�hc teRn "extended caverage"and any other ha�rds. includfng
<br /> ilcx�is or floading, far which Lerxlcr requircw insurance.This Insunence xhull be maintained in the anwuntx and for thc period�
<br /> - thut I.ender requireh. The insururue canier praviJing the in��runce tihull ba ciwsen by Bc�rrower subje�:t tu L.ender'r appraval
<br /> '����� which ch�ll n��t(�c unreu.�unuhly withhcld. if&�rrowcr fuilx to maintain covcrsigc describeJ ubcwe, l.endxr muy. at L,ender's °`
<br /> � optian,obwin caveruge ta prcxect I.ender's rlghts in the Property in nernrdunce with parugrnph 7.
<br /> � All insurance pollcies and renewals shall be acceptable to l.ender und shull includr u sWndard mortgage clause. Lender
<br /> Y' � shall have the right to hoW the policies ancl rcnewAls. If l.ender requires,Borruwer shall promptly give to L.ender nll recefpts of �
<br /> paid premiums end renewal notices.In the event of loss.BoROwe�ahall give prompt notke to the inaurance caMor and l.ender.
<br /> _ ;,:: �y l.end�r may rtwke praof of bs.�if nat made pramptly by Borrower.
<br /> -='°="--��=-- Unles.g Lender and Borrower aherwise agree in writing,insurence pracecds shall be upplied to restoraUon or repuir of the
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<br /> Proj+erty damuged.if the re.ctoralion nr repnir ia ecnnnmioally fPaKihle nnd I,ender'c security is not les.sened.If the reswratfon or . _
<br /> a • �� repair is not economicdlly feasible or Lender's security wauld be lessened,the insurance praceeds shull be applied to the sums
<br /> .� secured by this Security (nstrument, whether or not then due, with uny excecs paid to Borrower. If Burrower abandona the
<br /> � —'�-,�� Praperty,or daes not Answer within 30 days a notice from I.endcr that the insursmce corrier has offered tu settle e cleim, then
<br />� Lender may collect the insurnnce proceeda. Lender may use the procceds to repair or restore the Pmperty or to pay sums
<br /> '+ � secured by this Security Instrument,whether or not then duc.The 30-day period will begin when the notice is given.
<br /> - ������`•:�- " � Unless l.ender und Borrower otherwise agree in writing, any application of prceeeds ta principa! shall not extend or
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<br /> -=�,;;;;.°,�,.. postpane the due date of the monthly payn�ents referced to in paragraphs I and 2 or changc the amount af the payments. IF
<br /> '•+`"�'w � .- �' •' under paragraph 21 the Pmperty is acquired by L.ender, Borrower's right to any insurnnce policies and procoeds resulting from
<br /> _ -.�=5�..;.,;,-,.-,� . dwnage to the Property pr�or ta the ucquisition shttll pass to l.cnder to the exteM of the sums sxured by this Security Imtnunent --�
<br /> `°' - .�-_. '' immediately priar to the acquisition.
<br /> F�Q� �•`•i'� ,•r"•�`''7 6.Qccupancy, PreservwUon.MpMlenAnce and Pratectlon of the PropeMy;Borrower's I.oAn Application;i.ea.seholds.
<br /> . � " �� Borrower shall occupy,estnbligh, and use the Propeny ac Borcower's principul resiJence witi�in sixty days after the execution of
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<br /> •'r'`fi'" "- "+=` this Security Instrument and shall wntinue to occupy the Praperty as Borrower's principal residence for at least one year aRer
<br /> - r M the date of occupancy, unlesti I.ender otherwise agrces in writing, which consent shall nat be unreasonably withheld,o�unless
<br /> extenuating circumstances exist which are beyond Borrower'x cuntrol. Horrawer shall not destroy, damage or impair the
<br /> ' ti;s�u::�� •.; ��_. Propeny,allow the Propeny to deterior�te, or commit ws�ste on the Propeny. 8orrower shall be in default if any forfeiture
<br />= ,i�A•.^ �=$'••'"i � action or praceeding, whether civil or criminal, is begun thnt in L.ender's good faith judgment could result in forfeiture of the —
<br />� ' , x�� s�"� • Property or otherwise materially impuir the lien cre�ted by this Sccurity Instrument or L.ender's security interest. Borrower may
<br />"_���r;' � U cure such a default u�d reinstate,s�provided in puragrAph 18,hy cuusing the uction or praeeding Io be dismissed with a ruling
<br /> - _ —��,��'=--__� tBat, in Lendtr's goa! faith desermination, precludes forfeiturc of the Berrowcr's interest in the Property or other mattda! ---- -
<br />"��. M1 impairnient of the lien created by this Security Instrument or L.ender'�securiry interest. Borrower shull ulso be in default if
<br /> � � �� Borrawer,during�he loan upplicution praccss,gave materiully fulsc or inaccurutc infomiation or titatements�o Lender(or fai!ed
<br /> � ° �, to provide I.ender with uny materiul information)in cunnection with the loan evidenced by the Note, including,but nat limited
<br /> ,, w'��,.� ' .�,... to, representutions conceming Borrower's occupancy of the Property as a principal residence. If'this Security Instrument is on a - ,,,
<br /> les�sehold, Borrower shall comply with aU the pravisions of the leusc. If Hnrrower acquires fee tide to the Property, the �`��
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<br /> „t•_.,., . ,�,,,, ..� IeASehold und the fee title shall not mcrge unless Lrnder agrees to thc mergcr in writing. .-
<br /> I' •• "' �. , 7. Protectinn oP Lender'!�Ri�qhtv in the Property.If Borcower fails to perf�rm the covenunts und agreements contained in =.-
<br /> ` " � t"'- this Security Instrument,ur there is a Icgul procecding thut muy siRniticundy uffcct l.cnder's rights in the Property (such us a
<br /> • �i;_s pruceeding in bunkruptcy, probate, for condemnution or forfeiture or to enfo�ce luws or regulutions), then Lender rrwy do and
<br /> i� ,:, .� pay for whutever is necessury to protect the value of the Proprrty und Lendcr's rights in the Property. Lender's uctions may
<br /> }� �... inrlude paying any sums �ecurcd by a lien which hus priority ovcr thi� Security Intitrument, uppearing in court, paying ---
<br /> %�� • '�`�� �',� reasonable Attomeys' fces and entering on thc Property to makc repairs. Althaugh l.cndcr ms�y tnke artion under tbis paragrnph �;.-
<br /> ' =r� '� 7.I.ender does no�have to di�so. �-
<br /> �` ���" Any umnunts disbursed by I.�nder under this punigraph 7 shull become uJditionul deht of &�rcower �ccured by this
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<br /> � � Security Instrument. Unless&►rrowcr and Lcndcr agrcc w othcr tcrnis of paymcnt, the+e amount+xhull hc:ar interetit from �he
<br /> �• � dute of disbursement ut the Nate rute und shull be payable, with interest, upm ni�t�ce frorn Lendcr to Borrower rcqucsting
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<br />• . ' paytnent. ��_
<br />�''��, � 8. MoH��ge Insur�nce.If LenJcr rcyuireJ murtg•rgc iuwranrc as a cunJitiun uf nwking the loun securcd by this Security
<br /> . - � ` Instrument, &►rzowcr shall pay thc prcmiwns required to muintain thc nwrtga�;c in,urance in cffect. If, for any reuson, �he E° '
<br /> � " . mortguge insuronce coverugc rcyuired by I.enJrr lupsr�i�r ceusc�tu lx in efl'ect. Borr�iwcr shall pay the premiums required to �
<br /> " �;`,,' ' ° obtain coverage subst•rnlially cyuivalenl to thr mong•rgr insurunrc prcviou,ly in rffcrl, at a r��st �ubstanlially eyuivulent to the
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<br /> cost to Borcower i�f thc martgage inwrunrc prrviou.rly in clTcct, G�im •rn altcrnaic monguge insurer uppravecl My Lcndcr. If -w-
<br /> ., „ , substantially cyuivulent mon�►uge insurunrr cuveragr i�n��t availuble. B��rr�►wrr�hull pay to Lendcr e;xh monlh u sum eyuul t�� - ° .
<br /> ,. one-twelflh of the y�arly mortFag�imuranre premium Ixing paiJ hy Burm��er whrn th�iu.ur•rncr co�rrage laps�d or rws�.•d to
<br /> � � be in effect. Lender will uccept,use und rctoin these puyment+us a lo+s rcacn�c in licu �H nwnEuFe insur�uxe. Lo,x rescrve
<br /> ��i Fam 3028 9100
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