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<br /> �� -----���� S. Hanrd or Property le.qunnce. Borrower shell keep the improvetnents now existing or�erca e ed an the �
<br /> ` �� Pmperty in�urod a�ninst loss by fire,hazards includod wlthin Ihc tcrm "extcruled covc:rege" �u�d uny othcr haz�rds, including
<br /> �_� ( flaoda or flcuxling,for which I.ender requires insurancc. This inr;uroncc whall be mulntained in th�am�untr and for the periads
<br /> llwt Lender requires. The insurance cwvler pro��idmg the insurun�c xhull hc clu�x:n by &�ru�wcr subject to l.ender'x opprov�l
<br /> _ ------ _ � which yhal! not t+r unrcasoanbly withheld. lf Hnn�wrr feilti tm m�inuiin rnven��re dr�cribcYl aMnvr. I.ender may, at I.ender's __
<br /> option, obtain coverAge to protect L.ender's righlg in the Pmpeny in uccunlanrc with paragruph 7.
<br /> All insmunce pnlicies and renewals shull be ucceptable to Lender and snall include u standurd mortgage clause. L,ender
<br /> shall have the�ight to hold the policies wxf rcnewuls. If L.ender requlres,B�►rrawer shall pramptly give to L.ender all rxeipta of
<br /> �� ' pnid prrmfums nnd renew�l notices. ln the event of loss, Barrower shull give prompt notice to the insurnnce cnrrler and Lender. -- -
<br /> ,� Lender mey make prcwf of loss if not made prumptly by Borrower.
<br /> __�. <�mn � Unlcss l.ender and Bonower othcrwise agne in writing. insurancc prciceeda shall be appliecl to re.vtoration or repair of the
<br /> �~J Property damaged,if the restoratian or repuir ia economically fenxible und L.ender's securily ix not lessened. If the restoratian or
<br /> ----�,�q�;�q�� rcpair is not economiculiy feasibie or i...enders stcurity wouid be iessenea.the inrurnnce procc�ods shall be Apptied to the sums `°
<br /> �'�''�"'='��'' secured by thia Securlty Instrume�t, whether or not then due, with any excess puid ta 8cirrawer. If Borrower ubundons the
<br /> __ `�"ioi°:`���;►� Property,or daes not unswer wlthin 30 dnys a notice from Lender thet the fnsurance carrier has offered to settle a cl�im, then
<br /> '-_-2•-'�x�� Lender may callect the insurance proceata. [.ender may use the procoocis to repair or restore Ihe Praperty or tu pay aums
<br /> �' ,� ',�Ijj:i _ , socured by this Security Instrument.whe�her or not then due. The 30-day period will begin when the notice is given.
<br /> � Unkss Lender and Borrower othcnvise agree in writing, Any application of proceeds to principal ahall not extend or —
<br />�i.'_�,�t�.`r :.��.`��" postpone Ihe due date of the monthly payrnents refcrred to in paragraphs I and 2 or change the amount of the payments. If --
<br /> — `�'r'�''�'' n• ;`'' under rn h 21 the Pro rt is ac uired b [.ender, Borrower's ri ht to an msurunce hcies und raceeds resultin from
<br /> �.�C��,�:�. .:�,,� P�8 P Pe Y • 9 Y B Y� P�� P 8
<br /> -- :•.�;��y.''`,,. ; . domage to the Property pdor to the acquisltion shnll pass to l.ender to the ex�ent of the sums secured by this Security instrument
<br /> -���`'''='�� � :' .-:.. im�neJialcly priur ta the swyuisitiun. c—
<br /> - _ �, ',�-��'�%_w.�, 6.Oaupw�cy,!'reservatlon,Meintenance and Protection of the Property; Borrower's Loan Appllra�tion;Leaseholds.
<br /> _ . . ?',j;_ Borruwer shall accupy,establish,and use the Property as Borrower's principal residence within sixry days ufter the execution of
<br /> - - i� . this Security Instrument and shall con�i nue to occupy the Propeny us Borrower'�principal residence for at least one year after —
<br /> =_ � ' the dete uf occupancy,unless Lender atherwise agrees in writing. which cansem shall not he unreasonably withheld,or unless
<br /> -="4 ° ° ' .. eatenuuting circumstances exist which are beyond Borrower's cantral. Horrower shall not destroy, damuge ar impair the
<br /> �" ' ' ' .' "'"`' Propeny,allow the PropeRy to detedorate, or commit waste on the Property. BoROwcr shall be in default if uny forfeiture
<br /> ���"! .� _ ` •,; � action or praceeding. whether civfl or criminal, is begun that in i.ender's good fuith judgment could result in forieiwre of the
<br /> '-�i . , Property or otherwise materially impair the lien crcated by�his Security Instrument or I...ender's security imerest. Borrower may
<br /> _ � � � ' . cure such a default and reinstste,as provided in paragraph 18, by causing the acUan or proceeding to be dismissed with a ruling
<br /> —�i" " ` '"` that. in Lcnder's good faith determinntion. precludes Porfeiture of the Bonower's interetit in the Property or olher material
<br /> -,�`-"''"�"��'"'t"''�""�"" ' impairment of the lien cr�aie.i by ibis Security Insirument u�' ixudci'��nriiy iutrrcai. Borrowcr sha11 aiso be in defauit if
<br /> k .. `. _ ��, �' i Borrower,during the loan upplica�ion process,�ave materially fulse or innccurate infomwtion or stutements to Lender(or failed
<br /> " � � �„'�,� I to pravido L.ender with any material informution)in connection with the loan evidenced by the Note, including, but not limited
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<br /> ,,, ; �',H•• .R. ; � to, representutions concerning Borrower's occupanry of the Propeny as u principal residence. !f this Security Instrument is on a _
<br />-=N.� ',;�`" ; " leasehold, Bonower shall comply wi�h ull �he provisions nf the leatie. If BoROwer acquires fee title to Ihe Propeny, the
<br /> - a � leasehold and the fee title shull not merge unless[.endcr agrecx to the mergcr in writing.
<br /> -f � 7. Protectlon oP I.ender's Wghls in thc Property. If&irrowcr fuils to perform Ihe covenants and agreements comnined in
<br /> '� �� *� ` � this Secu�it Instrument, or there is a Ie al rocecJin thut ma ti� nificund uffect l.ender's ri hts in the Pro rt (such a�a .
<br /> _;�� � •� b'$� Y B' P G Y •�S Y S 1� Y
<br /> �. , proceeding in bankruptcy, prabute, fix condemnution�ir forfeiwre ar ro enforce luws or regulations), then l.ender nwy do and �!
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<br /> �:r : ;•��..� pay for whetever is necessury to prutcct Ihe value�if the Property und Lender's righls in the Propeny. Lendcr's actions may =--
<br /> - w_�; � . =�`� _ include payeng any sums secured by a lien ��'I1ICI1 Il�ti priority u�•cr this Sccurity tnstrument, appenring in caurt, puying �_
<br />_��.)} �x`y..�4 , reasanable uttorneys' fees and enterin$on the Propt:rty to nw{ce repairs. Although l.ender may take actian under this paragrnph _
<br /> • ?,[..etuler daes not hnve to do so.
<br /> r� �"�` ° ��" Any umounts disburseel by Lcncicr under this parugraph 7 shull bc:comc udditional ckbt of Borrower secured by this —
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<br /> , , Sccuriry Instrument. Unless Borrower und Lendcr ugree to othcr tcrm.of payment, �hese umnunts shull beur interest from the
<br /> • �• date of disbursement ut the Note rute suid sholl Ue payublc, with interest, upnn noticc fr�m l.ender tn Borrower reques�ing
<br /> - •• payment.
<br /> - ' 8. MortgaRe Insurancc. If Lender reyuired mortgagc insurance uti a ronditinn �if making the loan s�wureJ by this Scrurity � _
<br /> � � ' "` ��s Instrument, Borcower shall a �he rcmiums r uired ta maimain the mon�a��
<br /> • p y p ey �, �,� insuruncc in cffcct. If, fiir uny reu.wn, the __
<br /> �%^�-.- ° mortgoge insurancc roveroge reyuired by Lc:nder lapses or ccu:;es to lx:in effect,Borrowrr shull puy �hc prcmiums required to
<br /> � • ;�'� obtain covcruge substAntiully cquivalent �a thc mortgoge insurunrc previuuzly in effect, :,t a cotit subxWn�iully cyuivrlent :o the - _
<br /> ' ' �• � � rnst to Borrower of the monga�e insurancc prcvi��usly in effcct, from un ulternutr mungugc insurcr upproved by l.ender. If �'O"-
<br /> � .' �;,' ^ '�� substuntially cquivalent mongagc insurance covcruEc is nut avuilaBlc, Burc��wrr�hull pay lo I.rnd�r wch mimth a sum cyu�l to
<br /> : � one-twelRh of the yearly monguge insurancc prcmium Iking puiJ hy B��rruwcr whrn�hr in.uranrc cavcragc laps��i nr ceascd to -
<br /> � � bc in effect. Lender will accept, ux:aixi retuin thc,c paymcm.as u lo+. re�crv�in licu uf mnngugc insumncc. l.asz rescrve
<br /> Form 30�8 9190 `�:�–
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