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<br /> - g, F�rd a� properiy lawrarue. Borrawa shall kecp the impn�vtmenta now caisting or hercafter eraxed on the
<br /> - Property insured aQainst los.�by lire, hazurdA included within thc term "exte�wled mveraye" und any ather hazard�, includinQ
<br /> - F -- � floods ar flooding, tor wh�eh l..ender reyuirc�inw�w�.'i'{�i�+���.wu�wC nhuii t,c muimained in the am�unta unA 1ur the periodr
<br /> '" that l..ender rcquirca.The insu�unce c:�rrier providing the insuruncc,hull lx: chuticn by t3�►rr�►wer xubjcct to l.ender'x upprovd
<br /> � which rhall not bc unreasonAbly wilhhcld. If&�rrower fails to maimuin covcrugc dcuriixYl ufx►vc, L.ender uwy.at Lender'r
<br />--- _,�;;�; option,nbtain rnverage�o protect l.ender'�rightK in thc Propeny in ucco�duoce wl�h par�graph 7. -
<br /> - - -- All insurunce policies and rc��ewuls shall be acc�ptab�c to l.ender und shall include u stnndurd mnrtgnge clnuKe. Ixnder
<br /> s'•` Rhall hove the right to hold the paHcies�nd renewale,If l.ender requi�ex, Borrowcr sh�ll prompdy gfvc to Lender s�ll recaipts of
<br /> `�� paid promiums and rcnewul notices.ln the event of los�,Rotmwer shall give prompt aotice to the inaurance carrler w�d Lender.
<br /> --_ -- Lender may make pm�+f of I�c4 if ix►t made prompdy by Borrower. _
<br /> �_,_•y,�-y�},� Unless l.ender�u►d Borrower otherwise agrec in w�iting,insurancc praccedc�shall be applied to restaradon or rcpuir of the
<br /> ��_z,e-� Property da�naged,if the restoratiun or repair is ecomrnically feasible und I.ender's recurity is nat lessened.If the rataration ar
<br /> ^��'��`�� rcpair is not economic�lly fcawible or[xrnler's secudty would be lesscncd,the insurnnce proceads shal)be applled to the surng
<br /> �'�;.�,.,�,;s�� secured by this Secudty Instnin�ent, whether or not than due. with any excess paid �a Borrower. If Borrower abandons the
<br /> -_-_= Property, or does not answer wlthin 30 doys u notice from l.ender that the insurunce carrier has offcred to seltle a clAim. then
<br /> -----_-°�- l.ender may collect the insursu�ce proceeds. L.ender rnay use the procceds to repair or restore the Property or to pay sutn�
<br /> __ - secured by this Security Instrument.whether or n�t then due.The 30-day period will begin when the notice is given.
<br /> � �'��� Unle.ss I.ender nnd Borrawer otherwise agree in writing, any application of procceds to principal shall not extend or
<br /> 1°°�""d`��t�; postpone tho�lue date of the monthly paymentc referred to in paragraphs I and 2 or chnnge the amount of the payments. If
<br /> � under poragrnph 21 th�Property is acquired by Lender,Borrower's right lo any insurunce policiea nnd procceds resulting frum =
<br /> _— damage to the Pmperty prior ta the ucquisition sfwll pass to Lender to the eatent of the sums secured by this Security Instrument
<br /> - �`�,�,'-°,"".*"!"'��� immodiotely priar to the ucquisition.
<br /> :::�. 3:�r.,�,.:.��:�:�
<br />,._—�,�,��a� 6.Oocupuncy,Preservatlon.Mointenance and Protectiou ot the Propeny;Borrower's l.oan AppNcatlon;l.casehalds.
<br /> �.�-.-�------- Bo�ower sh�ll accupy,establish,and use the PropeAy a5 Borrower's principal residence within sixty days after the execution of
<br /> .,_�;, �;•,_ this Security Instrument and shall continue to occupy the Propeny as Borrower's princ{pal residence for at least one year after -
<br /> ,_,,�� .� the date of occupancy, unless Lender otherwise agrees in writing, which rnnsent shall not be unrcasonably wfthheld. or unless
<br /> -,t�;•..- . _�,��„ ' extenuat{ng circumstances exist which ure bcyond Borrower's control. 9onower shall not destroy. damnge or impa�r the
<br /> �'�''''' "' 'T`=" � Property, allow the Property ta deteriorate. ar commit waste on the Pra rt Horrower shall be in default if any forFeiture
<br /> - � ..,,,,�� ;�� Pe Y•
<br />';:�� ,:�� ,�o �:_
<br /> -" -�,,�;.�4i�, ; � action or proceeding,whether civil or criminal, is begun that in Lender's good faith Judgment could result in forfeiture of the
<br /> "�l��i�;;;y,;;.r,�` Aroperry or athernise materiully impair the lien creeted by this Security Instrument or l.ender's secudry interest. Harrower may
<br /> �«��7�'-�"''`°;7`�'r,. cure such a default And reins�ate,us provided in parograph I8,by causing the a�.tiicm or p�uuxxlin�t�bz dismiss�i�ciih a ruling
<br /> ��'}` � �� ° that, in Lender's gaod faith determination. precludes forfeiture of the Borrower's interest in the Praperty or other materi�l
<br /> -- • � J .�r�::;;�,�• impairn�ent of the lien creuted by this Securlty Ins�rument or l.ender's security interest. Borrower shell also be in default if
<br /> � �'�'."' " ` , B�rrower. during the la►n applicntion process,gave ma�erially fulse or inaccurnte infornwtion or statements to I.ender(or falled
<br /> "� � �,��,�,.,Y..� ta provide Ixnder with nny material infornwtion)in connection with the loan evidenced by the Note,including,hut not limited
<br /> °� ^ 4 to,representatiuns concerning Borrower's occupuncy of the Property as a prir�cipal residence. If this Security Instrument is on u
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<br /> �;. ; .. . Ieasehold. Borrower shall comply with all the provisions of the leu.�e. If &irrower acquires fee title to the Property, the
<br /> ± _ • .�' - leasehold and the fee tiUe shall not merge unless l.ender agrecs to the merger in writing,
<br /> + "� 7.Protectlon of I.ender's RiRhts in the Property.lf Borrower fuils to perfi�rm the covenants und agreements contained in
<br /> •'r�'�':" ' y B P S Y• 8 Y B Pe Y
<br /> - , ,,, �� � this Securit [nstniment,or there is u Ic ul roceedin thut mu ci nificund uffect L.ender's ri hts in the Pro rt (such as a
<br /> �.`�� , .�. ' ��'� proceedlns in bankruptcy, probatc, for condemnation or forfciture or to entorcc luws ar regulat�onsl, then Lender may do and -
<br /> ..,.,,.... •, ,�► .
<br />- -� ,�,,,,:,. ,. .�.-•.;�,. • pay far whatever is necestinry to prot��ct the vulue of the Prnperty n�xi l.ender's ri�hts in the Propeny. L.ender's actions may
<br /> _ ... include paying any sums uxured by u lie�� wLich has priurity uver Ihis Security Instrument, appeuring in court, paying
<br /> �• ���r-�7•^'� • ' m.ASOnuble attorneys'Pces und entering on the Property to mukc repairs. Aichough Lcr.der mt�y take uction under this paragraph
<br /> -_-_ ��`�`� '��'� 7,Lender dces not have to do so.
<br /> �` a?. � Any wnounts disbursed by Lender under this pariigruph 7 xhull becume udditional debt nf Borruwer secureci by this
<br /> � Security Instrument. Unless Borcower and LenJer•rgrce tu othcr tcrmti ��f pAymenl, thesc umounts shull hear interest from the
<br /> � :.ta�a..:.�,;�:. . �,.... � ds�te of disbursement ut the Note rute uncl shall bc puyable, with interest, upon nuti��c Goni l.ender to Borrowcr requesting
<br /> . ...._.. � payment.
<br /> � � �`��� 8.Mart e!t►surance. If[.c�ndcr r� uired�m►rt�u�� insurnnrc a,a c�mditi�m��T mukin thc loan sccured b Ihis Securi
<br /> - .�,,,..�.. _ ReR '�I b b' B Y �Y
<br /> . : lnstrument. Borrowcr shull pay thc premiums reyuired ro muintuin Ihe mongnge in,urancc in M'fect. If. for uny renson, the
<br /> :;�M- •.,;,���;,x�.' mortbage insurnnce coverage r��quir��l hy I.ender�apseti ar ccases to lx in cl'fcct, Burr��wer shull puy the premiums rcquired to
<br /> -- obtuin mvemge substarniully cyui��ulen[to the mortguge inruruncc prcviou.ly in cff�ct,at a cost ruhstuntially cquivalcnt to the
<br /> .���.• ,
<br /> •�. . cost to Borrowcr of the mort�uge insur.�nce previ�wsly in cl'fcct. from an ultcrnatc mnn�agc insurcr uppmved by Ixnder. If
<br /> '-� substantially equivulent mongage insurunce coveruge is not uvuiluMc, Borrowrr shall pay li� Lcnder�ach month u xum eyuul �o
<br /> one-twelfth of thr ywrly mortguge insuruncc premium hcing paid by Bnrmwcr when the insurunre coveruge lupsed ur ceased to _
<br /> � .. be in effec:t.l.ender will uccept,usc:md retuin 1he�c payment�us a lu.. rc�crvc in li�u uf mon�tugc inwrance. l.�i�. resen�e �-
<br /> • Form 3028 Y/80
<br />- - - _ . Payn 3 ot 8
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