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<br /> �= 5 ,�` � S.Haaard or Property Insurunce. Borrowcr shall k�xp the improvcments now caisting or hemaftcr crccted on the Proger[y • � <•'`�,.
<br /> } ,
<br /> � � insured against loss by fire, hazards included within ihe term "auended coverage" and auy other hazards, including ftaods or � '_�� '
<br /> �c Q6',.�
<br /> � floodin g,far wdich l.ender requires insutancc.This uuurance shall be maintaiued in tlic amounts and for[he periods that l.cndcr '` F�. ::,,.�
<br /> .� � requires.The ins�ance carrier provid"mg ihe insurancc�hall be chosen by Barrowcr subjcet to Lender's approvai wluch shall aot . ... :'��.
<br /> , `=T-:�. bc unreasonably withhcld. if Borrower fails to maintain wvcragc describcd above, Lendcc may, at l.cndcr's option,obtain� • '�. �.
<br /> ' �, coverage to pmtect Lender's rights in the Property in accordance with ParagraPb 7. c
<br /> ' �- AIl ins�aance policies and renewals shall 6e aaxptable to Lender and shalt include a standard mortgage claes�Leader shall� ' :- -�
<br /> have tbe right ro hoid the poliaes and renewals. If I.ender reguires,Bonower shall promp�ly give w Le,�der all rcccipts of paid � � � ; ` ___
<br /> , � , premiums and renewal notices.In the event of loss,Botrower shall give prompt notice to the insurance�rier and Lender.Lendc� „_ - _
<br /> , . may make proof of loss if not made prompdy by Bormwer. � ...•W�;
<br /> :. � ' Unless Lender aad Borrower otherwise ag�ee in writing,insurance pmcecds sdall be appiied w restoration ar rr.paa of�h .. `� '-=-:-,
<br />" • : property damageti,if the restoTarion or repaII is economically feasi6le and Leader's security is not lesseaed.If the restoration o '. ,'';;�-�:-
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<br /> � • repair is aot economirally fea�le ar Lender's securiry would be lessened,the insurance proceeds shall be applied w the ��;�� � `� ;�,
<br /> � secured by tbis Sesauity tast�ument, whethsr or aot thea due, with any eacess paid to Botrower. If Bormwer abandons th ,�"
<br /> � � Property.or daes not answer within 30 days a natice from Lender that the insurance carrier has offered to seute a claim,d�en :�;;;,`
<br /> ' �- Lender may wUect the insurance pracc�ds.Lender may use the pmceeds tn repair or restore the Property or m pay swns secured -� F -�' _a
<br /> .:� � by this Securiry Insuument,wdether or not then due.TEie 30-day periad will begin when the notice is given.
<br /> � ��`=; � � Ualess Lender aad Borrower otherwise ag�ec in writing,any application of praceeds to principal shall aot eatend or postpone
<br /> � the due datc of the monihiy paycnents refened tn in paragraphs 1 and 2 or chauge the amount of ths payments.If under paragraph
<br /> � 21 the Prope�ty is acquired by Lender,Borrower's right to any ins+uance policies and praceeds resulting from damage to the - --
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<br /> .- . �: "��;t� prayerty prior to the acquisition shall pass tn Lendea to the exteat of the sums secured by this Security Iasnument immediately � °:-- - - -
<br /> - ' . ``:� prior to the acguisidon , - ��
<br /> ,� 6.Oecupancy,Preservatfon,Mainteuance and i'roteceion of the Property; Borrawer's Loan AppHcatinn;Leaseholds. ..�'
<br /> � Boirower shall occupy,establish,and use the Property as Borrower's principal residence wiihin sixry days after the execution of . :—. --—.-
<br /> `" this Security Jnstrument and shall condnue to occupy ihe Property as Borrower's priticipal residence for at leatt one year after the _'�`-`-.�
<br /> . .. - -:_- date of occapancy, unless Lender oWerwise agrzes in wridng, which conserrt shall not be unreasanably withheld, or unless � .�.�-L:_
<br /> ''. ' � e�ctenuatiug circumstances e�cist which are beyond Borrower's control.Borrower shall not destroy.darnage or impair the Property. � _-°-
<br /> � , . allow the Property to deteriorate,or wmmit wasce on thc Property. Borrowcr shall be in default if any forfeiture action or _
<br /> ��"'�'��. proceed'mg,whether civD or crimin�l,is begun that in Lender's gaod faith judgment could result in forfeiwre of the Property or � '�
<br /> - `r!.. otherwise materially impau the lien cceated by this Securiry Instrument or Lender's security interest. Borrower taay cure such a �:'_:;;�_��
<br /> ` '• defaiilt and reinstate. ag provided in paragraph 18,by causing the action or praceeding to be dismissed witb a ruling that,in ';��:
<br /> �, '� L.ender's good faith determinarion,prccludes forfei[ure of the Barmwer's interest in the Property or other maurial impainnent of .
<br /> ' th�tien created by this Securi[y Inswment or Lender's security interest.Horrowsr shall also be in default if Borrower.during the = =�=�
<br /> � ' � toan applicalion process,gave mate r i a U y f a L se or inaccura t e i n f o r m a t i o A o r s t a t e m e n t s t o L e n d e r(o r f a i l e d t o p r ovi d e Lender with . -'•'':�
<br />- -. ,- . . . : any mate;ial information) in connecdon wiU►the loan evidenced by the Note, iacluding, bus aot limited to, representadons .' ` , '�;��
<br /> ' ' conceming Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a teasehold,Borrower • • "�����.=-
<br /> ; � shall comply with all the pmvisions of the lease.lf Borrower acquires fee title to the Property,the leasehold and We fee dQe shall � . „ `"�'- _
<br /> not metge unless L.ender agrees to the merger in cvriung. � '�'�-;�:,�
<br /> � ?.Protectlon of Lender's Rights in the Property. If Borrower fails to perfarm the covenants and agreements contained in ' �• ��_=-
<br /> • ' . • � ''; this Security Insuumenl,or there is a Icgal proceedinb that may significanUy affa:t Lendcr's rights in thc Praperty(such as a ' . .:�:��
<br /> � � . � � prac,eeding in bankrupu�.probate,for condemnauon ar forfeiwre or to enforcc laws or regutauans),then Lender may do and pay --
<br /> � � :� for wi�atever is ne.cessary to protect the valae of�he Property and Lender'�rights in the Property.Lc.mder's actions may include '`�. �.,, "���"`
<br /> . . _. •,- paying any sums secured by a ueA which has priority over this Security Insuument,appearing in court,paying rcasonable ;.� ;
<br /> . " ,_� atm.'r.eys' fces and cntcring on the Propcny to makc rcpAirs. :�ithough Lcnder may take action undcr this paragraph 7,Lender . :.;�;;:�•�.,
<br /> , , does not have to do so. �� `
<br /> ---- � :_—:-t� Any amouncs disbursed by l.cader under ihis paragraph 7 shall become additiona!debt of Borrower secuned by this Security � !::
<br /> . � lnsuumen4 Unlcss Borrower and Lcndcr agrcc to othcr tcrms of paymcnL these amounu shall bear interest from ihe date of : ''F`^ -- ��'
<br /> , � disbursement at the Note rate and s:5a11 be payable,with intcrest,upon notice from Lcnder to Borrowcr requcsting paymen� � �'.,,��'�J,
<br /> . 9.Mortgage Insurance. If i.ender requaed mortgage insurance as a condition of m.2king the loan secured by lhis Security , • ;
<br /> �''' � Inswment, Borrower shall pay the premiums requucd to maintain ihe mort�age insGrance in effect. If. for any reaSOn,the � . .. •
<br /> � . mongage insurance covcrage required by Lender lapses or ceases co be in cffcct,Borrower shall pay the premiums requ'ucd tn : � '' � .
<br /> obtain covcragc substantially cquivalcnt to thc mongagc insurancc prcviousiy in cffcct,at a cost s�:ys��.ntially cquivalcnt to thc ,
<br /> � wsi to Borrower of tha mortgage insumnce previousty in effect, from an altemate mortgage insurer approved by Lender. If �
<br /> � � • .� ' s�cl�stantially equivatcnt mortgagc insurancc cavcragc is not availablc.Bonowcr shall pay to Lcndcr cach month a sc�.^�cyual w • �
<br /> ' onc-twclfth of thc ycarly mortgagc insurancc prcmium being paid by Borrowcr when thc insurancc covctagc lapsed or ceased to . .
<br /> bc in cPfcct. Lcndcr will acccpi, usc and retain thcsc payments as A loss rescrvc in licu of mortgagc insurance. Loss rescrve . � �
<br /> Form 3028 9190 � �
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