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<br /> � � S. Hnziu•d or 1'roperty Insun�nce. Borro�a•cr shall kecp thc imprnvcmciit+ now ex i+iing ur hrrcaftcr crcctcd on tlic
<br /> Prop�rty insurcd ugainsl lass by tirc, ha�ards includcd witkin thc tcrm "cxtenJcd ruvcr.igc" and any uthrr I�i�tarJs, including _.
<br />�"y ` � fluods or fluuding, for whicli Leiidcr rcyuires insurancc,Thi+insurancr sh.�ll Nc rouintnincd intlir ami�untti iinJ ti�r tt►c peri�xlc _
<br /> � that 1..:nJ�r r�quir�s. Thc insurancc cai•ricr providing thc insurancc sti:dl hc rh�+�rn hy Hurro+�cr tiubjrrt t�� I.cndrr'� nppr�►vnl
<br /> '�=^� which shall not bc unrcc►sonubly withhcld. If Borrowcr fuils ti� maimain cuvcragr dcscribc�l obuvc, LrnJcr may, ut Lcndcr's ,L
<br />''_� �>ption,ubtain cavcrage to pratcct Lendcr's rights in thc Property in arcurduncc with paragraph 1. _
<br /> -•.�� All insurance policics and renewuls shall Be ncctptiible to Lender unJ �hall include a siandard m��rtgage cluuse. Lender
<br />-�-- �-� sha11 huvc thc right to hold thc policies und renewals. If Lcndcr rcyuires, Borcowcr shall prornpdy givc to L.cndcr ull receipts of ,, —
<br /> ' � puid premiums and renewal notices. In the event of loss,Borruwer shall givc prampt notice tu ihe insuriuue cnrrier and Lender.
<br /> _ •,. ^� Lender may mulce proof of loss if not mude prompdy by Dorrower.
<br /> '„-"•,: Unless Lender und Borrower odienvise agree in writing, insurance proccuis shull be appliec! to restorution or repair of the _
<br /> "";��.,}�},L Properry damnged, if the restoration or repair is economically feusiblc and I.ender's security is not lessened. If the restaration ar
<br /> =��!:,r„�` repair is not economically feusibte or Lender's s�:curity would be Iessened, the insurance proca:cis shall be applied to the sums
<br /> ' ��i't� secured by this Security Iustrument, whether ur not then due. �vith :uiy excess paid to 6orrower, If Borrower abandons the
<br /> =�i�• Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to setde u claim, then
<br />`--'?..••.+r Lender mny collect the insurance proca:ds. Lender may use the proceeds to rcpair o�• re5rore the Property or to puy sums
<br />--�'b:�L.S�
<br />-.t;�:Y secured by this Security Instrument,whether or nat then due.The 30-ciay peric�d will begin�vhcn the nutice is given.
<br />' ,�:,�� Unless Lender and Borrower othenvise agree in writing, any application of praceeds io principal shall not extend or
<br />�:;�`'`�'�� postpone the due date of the manthly payntents referrcd to in paragraphs I and 2 or changc the amount of the payments. If
<br />' =�'�� under paragraph 21 the Property is acquired by Ltnder,Borrower's right to uny insurance palicies a►td procdcds rr.sulting from
<br /> ;;L;_,,.�� daniagc to the.Property prior to the acquisition shall pass to I.ende�to the extent of the sums saured by this Sccurity Instniment
<br /> ��°_ imamediately prior to the ucquisition.
<br /> -- --= 6. Occupancy�Preservation, Malntenstnce anal Protection of the Property; Horrawer's I.oan Application;Lenseholds.
<br /> -- Borrower shall occupy,eswblish,und use the Propeny as Rorcower's principal residence within sixty days after the execution of
<br /> --� this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after --
<br /> __-6_;;,;� the date of occupancy, unless i.ender otherwise agrees in writins.which consent ahall not be unreasonably withheld, or unless
<br /> ---= e:ctenuatin; eircumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> e'z'operty, aI'tow the Propeny to deterivraic, ur cuuuuii wuaic uu tfic Ru�ciiy. Su��uwcr �udii `vc ii� uc�'diiii if dA}% S�TfG3tii,�
<br /> - uction or proceeding, whcther civil or crimenal. is begun thnt in Lender's good faith judgment could result in forfeiture of thc
<br /> _ Property or otherwise materially impair the lien created'oy this Security Instrument or Lender's security interest. Borrower may
<br /> cure such a default and reinstate, ns provided in parasraph l8,by causing the action or proceeding to be dismissod with u ruling
<br /> ' that, in Lender's good faith dctcrmination, precludes forfeiture of tlie Borrower's interest in the Property or other material
<br /> impairment of the lien created Hy this Secuiity Instrumrni or L.ender's security interest. Borrower shall also be in default if =
<br /> Borrov�er,during the loan application process,gave materiaUy false or inaccurate infonnation or statements to Lender(or failed -
<br /> ------ to provide L.ender with any material information)in connection with the loan evidenced by the Note. including, but not limited
<br /> �, to, representations concerning Borrowcr's occupuncy of the Propeny as u principal residence.lf this Security Instrument is on a
<br /> �• leuschald, Borrower shall comply with all the provisions of the lease. if Banower acquires fee title to the Property, the
<br /> leasehold and the fee title shnll not merge unlcss I.ender a�rees to the merger in writing.
<br /> �' 7.1'ratection of Lender's Rights In the Prupe�Ky.If Borrower fails to perform the covenants and ugreements contained in
<br /> C� this 3ecurity lnstrument, or there is a legal proceeding that may significantly affect Lender's ri�hts in the Property (sucS�i�a
<br /> �. proceeding in bankruptcy, probate, for condcmnation or forfciturc or to enforce laws or regulations). then Lender may do t�ncl
<br /> pAy for whatever is necessary to protect the valuc of the Propeny und [.endcr's rights in thc Property. Lenc�er's actions muy
<br /> i�clude payir,g any sums secaxed by a lten which has priority over this Security Instrument. appearing in caurt, paying
<br /> ,� reasonable attorneys'fees and entering on the Property to make repairs. Although L.ender may take nction under this paragraph
<br /> ------- L� 7. Lender does not have ta do so.
<br /> --- - Any amounts disbursecl by Lender under this parasraph 7 shull becomc additional d�bi af Horrower se�ured by d�is
<br /> Security Instrument. Unlcss�orrower and Lender agree to ather terms of payment,these amoui�is s}:all bcar interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from 1L.ender to Borrawcr requesting
<br /> payment.
<br /> S.Mortga�ge Insrurance.If Lender re.quired mortgage insurance:�s a condition of maki ng th�loan securhd by this Securiry
<br /> .__ Instniment, 13orrower shall pay the premiums required to maintain ahc mort�age insurance in cifect. If, for uny reason, the
<br /> „ mortgage insurance covera�e required by[.ender laps�s or ceases to be in effect, Bono�•�er shall pay the premiums required to
<br /> ------v , obtain coverage substantialHy aquivalent to the mart�agt insurance previously in effect, at a rnst substanti:�7iy ec�iivalent to the
<br /> -,,,�s.yY� cost to Borrower of the moragage insurance previously in effoct, from an altemaee mongage insurer approred �y Lender. If
<br /> -=��� substantially ecjuivalent mortgage insurarece coverage is not available. Borrower shall pay to Lea�er each month a sum eyual to
<br /> ---�-- -_= one-twelfth of the yearly mongage insurance.premium being paid by�Bonower when the insurance coverage lapsed or cea5ed to
<br /> -___- ' [�e in effect. Lender will accept, use and retain these payments as a loss reserve in tieu of moRgage insurnnce. Loss reserve
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<br /> Form 3028 9180 =.
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