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<br /> � S.Na�ard or Property Insurance. Sorrowcr sht�ll keep the improvcments now cxisting or her�aftcr crcctcd on thc Property ; .-
<br /> � ' insured egainst lass by fire,hn7ards included wlthin the tcim "extended covcra�e" and nny othcr he�.ards,inctuding flaads or
<br /> ; Qooding,for w�iuch l..ender requires insurr.nce.'(l�i.q insurencc shnll be maintained in tho nmounts and tor thc periods that Lcnder �
<br /> require.g.'Ihe insurancc ca�rier Prp�idinB the insurance shall be chosen by Bonower subject to Lender's approvt�l which shn�l not
<br /> � be unmasanably withhetd. If Borrower taiis to mnintain coverage descrtbed abo°e. L�ndcr !r+ny, a� �ndcr's oD�on, obu+in .
<br /> �1 coverage to protect Lcnder's rights in the Property in t�cccordancc with paragcaph 7.
<br /> All insurance policiea and renewfsls shall be accep3able to Lender and sha11 include n standard mortgage cl�tuse.Leader shnll
<br /> have the cight w hold the pollcies and renewNs.If lfnder requires,Borrower shsill pmmpUy give ta Lender all receipts of Paid -
<br /> pr�miums and renewal naticcs.In the ovent of loss,@anower shnll give prompt nodrre to iha Insurance carri�r ar►d I.ender.Lcnder
<br /> � may malce proof of loss If not mede pmmptly by Borrower. ������non or repair o[th� • " •
<br /> Unless Lender end Boarower othenvise agrce In wrldng,insucance proceeds sht�lll be npp :� ;
<br /> • p�perty damaged,if the ecswration ar repair is econom3caUy fea,iule and Lend�r's security i.4 not lessened.If the i�tnnuion or ' _ --. �
<br /> ' feasible or Lender's secuQiry would be lessenad, the insurnnce proceeds shnu b�a�'D1�d t�t�e sums -
<br /> • rcpair is not economir��� •
<br /> sccured by this Security Enswment, whether or n�x tlir,n duc. with any excess puid to Borrower.!f Borrowcr abandons thc
<br /> property.or does not enswer within 30 days a natice from I.endes Yhat ihe insussnce cairler has ofFered to settle a cls�m,then �
<br /> Lendu may colleet ihe ins�uenee prncceds.Le�id�e may usc thc grarce�s to repais or restore the�m�erty or to pay sums secured `,_R
<br /> by this Securtty Inswment,whether or not then due.'Ihe 30-day period will begin vrhen th$nodce is given. p'w��--
<br /> Unless I.ender and Borrower othenvise ngrce in writing.any eppllcadon of proceeds co principal shall not extend or postpone •��,���
<br /> � � the due date of the monthly paymenta referred tn in pacaBraPhs 1 and 2 or change the amount of the paymenis.If�nder paragcePh �' '"��
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<br /> i 21 the Property is acquired by I.ender, Borrower's right to eny insorance policks und proceeds resaldng from dan�a8a w the ;,,,,�_.--
<br /> property prior to the acquisitian shall pass w L.ender to the eatent of thc sums securcd by this So„urity Instrument immediatolY 0•._ �. =;-__.�
<br /> �` prior to the ecquisidon. , �,�:. � .
<br /> 6.Occupancy,Prescrvation,Mainteeana ond Protection of the Property; Borrower s �.c^n Applicrtbn;LessPbolds•
<br /> �� Borrower shall occupy�establish�end use ihe Properry ac Sacower's principal residence within skty days efter the execudon of . ,; - I .
<br /> °• this Seeurity Instrumeut and shall candnue to occupy the Firoperty as Boirower's principal residence for at least one year efter the h
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<br /> - ----'1� dau: of occupancy. unless L�der otherwise egrees in writing, which consent shall not be unreasonably withheld, or unless � :
<br /> - - - extenuaUng circiur►sra��cx;si w��.;��u�3�ac!�:sa��er's�SlIS"`;:l.B4!!�^4Yrr ghall npt tlesltDV,damaste or imAair the ProPercY� '?'an�',;�X t ,
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<br /> .. allow the Propetty to deteriorete, or commit waste on the Proputy. Burrower shall be In defeult If eny forfeiture nction or ' .�, '„,, ;
<br /> i►rocoeding,whesher civil or criminal,is begun tt►at in Lender's good faith judgment cauld result in fodeiwre of the PropertY or
<br /> ' otherwise mat�rinlly impair tha flen aeau:d by this Security Insirument or Lender's socuriry inLelest.Borrawer msy cure such a �`:,�,;
<br /> defeult anci ninstate.av provided in paragraph 1B, by causin$ tt►a acdon or px�eceeclin8 to be dismissetl with a rullng that.in ,.r;,' :;;,
<br /> '� Lender's good faith deteemination,Precludes forfeiwre of tha Borrower's inurest in tbe Propnrty or o t her ma t e i l a l i m i►a i�r�►e n t o f ',;: •;
<br /> �he lkn cnated by this Sexurity Insmunent or Lendar's securlry inte�es�Hu:rowcr sheU also be in dafault if Boaower.dudng the ;y ,-
<br /> � loan application process.gave materiallY false or lnec���ormetion or sWtaments w Lender(or failed eo Ixovide I.rader with ,;;;'
<br /> cu�y mataial infortnadon) in conneclion with the loan evidenced by ths Natcs� including,but not lunited to. rePresuuations , i R
<br /> conceminB Borrower's occupancy of tt+e Property as A princfpal residei►ce.If thls Security Insaument is on a leas,ehold,Bornowex -- -
<br /> . shall comply with aii the provisions af the lease.If Borrower ecqaires fee tttte to the Property�tho leasehold and the fee dde shs11 r .`-
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<br /> nat mage unless I,ender agrees to tt�e me:ger in writing. .•,,:�
<br /> 7.l'rotectfon oiLender's Ri$hts in t6s irr,nperty. If Horrower feils to pezfocm the covenants oud egroementa coat�ined in �--,--��-
<br /> this Socurity Instmument, or there is a legal groceediing that may significantly affect Lender s rights in the PropertY (such es a �-=-- --
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<br /> � procadin6 in banlc�uP�Y,P►nbat;e.for condemna�on or forfaiturc or to eQforce laws or regulations)�then L�cler may do and pay -------- -
<br /> for wh�tava is neces.9ar3+to Protect the value of the Property and LeaAer's rights in the Pcoparty.Lendu's actions may futclurk -- -
<br /> ., paY�B �Y sums yecured by a liu► which has priority over this Securiiy Insuument, eppesrin8 in cowt.PaY�nB ��k _
<br /> � �• � auomeys' fc�and ent�eing on the Prope�ty ta mnkc repaire.Alihough Lendez may take action under this para�greph 7�Lc.�der �� •.,,�.s-�__--
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<br /> Qoes not have to do so.
<br /> .0 My amounts disbursed by L.eader under thls paragraph 7 shall become eddidonal debt of Borrower secured by this Stxurity =_ - -
<br /> InstrumenG Unless Bomower and Lender agree w other te,rms of payment,these amounts sha11 bcar interest from the date of =_—___ __
<br /> disburscment ut the Note rate and shall be payablo.with intzrest,upan nodce from T.ender to Borrower roquestin8 PeYme�� , � �,���
<br />- B.Mortgage Insuranee. If I.ender required murtgage insurance es a condidon of making tt►e loan sec�u�d by thLg Secur(ty � ��° ; � er,:;,:
<br /> .. InstmmQnt, Bqhower shell pay the Fremiums rcqui�od to meintais► the mortgage insurance in cffect If. for eny reason,the •:x� ,,.,;.;�,,�;...;
<br /> murtgage insurance coverage required by Lencier lapses or ceases w be in effect,Bortowe�shall pay the premiwns requircd to .:'�_�:��;.;:�,'�.�;ti�...�
<br /> obtain covera,ge substantially eq_iv�raet to the mortgage insurance previously in effect,at a cost subsmntially equivalent w the �� '�;�
<br /> cost w Borrowcr of th�mortgage insurance previously in aYfect, from an altemate mortgage insurer apProved by Let�der. If '�;:����:'•.'�'��
<br /> ° substanijaally equivalent ¢nortgage insurnnce covcrage is not avallable,Borrow�r sh.all pay to L.ender each month a sum equal c� . ,
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<br /> one-twelfth of thc yeariy mortgage insurance pzemium being paid by Borrowcr when the insurance covcro�e Is�►Psed or ceased�° .. :�ti.:,,
<br /> be in c4�oct Lertder will eccep� tsse and retain the.�e payrt�en�s es a bss res.erve in lieu of mortgage��sucanco. Loss re.�en'e •` ^`
<br /> . Form Sa88 9/00 , , •
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