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<br /> ��� S. �la�rd or Prapesty insurat�ce• Borrower shall keep thc improvcmcnts now existing or hereafttr er�cted on the
<br /> - ,!� Property inwred aQainst lors by t3re. hazar�s includod wlthm thc term "extended coverage" and any olher t�erde, includin�
<br /> flooda or flooding. for which Lender requires insurance.Thia insur�ance shull be nwint�intld in the umourNS and for the periads
<br /> Ihat I.ender requires. The insurance carrier proviJing the insur�ncc shnll be chos�n hy Borrawcr tiubject lo l.endcr'ti upproval
<br /> � - which shall not be unrer�ssonably withheld. If Borr�wer fails to nwin!uin cuverage describcd above, l.ender muy,at Lender's
<br /> - optlon.obt�i�cuverage u�protect Lender'c rights in�he Pmperty in accordanee with paragraph 7.
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<br /> -,::-= - - --- - -- - All insurance policics und mnewal9 shall be acceptabie to I.ender and shall include u s�nndn�d mongage claurt:. er
<br /> r:• shall have the r�ght ro hold the policies and renewals.If Lender requires. Borrower shall promptly give to Lender a0 receipts of °
<br /> ' paid premtums and rcnewd notices.In the event of losa.Barmwer sh�ll giva prompt notice to the insurance caRier and I.ender.
<br /> Lender may make praof of loss if not made promptly by Barrower.
<br /> ����,�.:�-y�� Unless L.ender and Barrower otherwise agree in writfng,insurance pracecds shall be applied to restoration or repair of�he
<br /> ---n���;o���� PrapeAy dwnaged.if the restoration or repalr is economicoily feasible pnd Lender's security is not IesseneJ. If the restoration or
<br /> __ �,��,:��,�„;�; rcpair is not economically feasible or Lenda:'s secudry would be lessened, the inaurance pracceds shall be applied to the suma _
<br /> � `-s�,_��.:�:��� secured by ihis Security Instnrment, whether or not then due. with uny excesa puid w Borrowcr. If[iorrowrr abanduns the -
<br /> __..,_a,.� property, or does not answer within 30 days a not�co from l.ender that the insurance currier has offered to settle a cluim. then
<br /> Lender may cdlect thc insurance proceeds. l.ender may use thc praceeds to repair or rcstore the Property or to pay sums
<br /> — �;��i�'� serured by this Security Instrument,whether or not then due.The 30-duy period wiil begin when the n�tice js given.
<br /> -- ` �""°� Unless l.ender and Borrower otherwise agree in writins. any npplication of proceeds to principal shall not eztend or
<br /> .�;:3 postpone �he due date of the monthly payments reierced to in psvagraphs I and 2 or change the unwunt of the payments. If
<br /> _� v;"-"'"�"`""�'' under paragraph 21 the Prop�rly is acyuired by Lendcr. &►rrower's rlght to any insurance pnlicie.a nnd proceeds resulting from
<br /> - .��, '', ,, � �k damage to the Property pr�or to the acquisition shall puss a Lender to the extent of the sume secured by this Security Instrument
<br /> ':`�" immadiotely prior to tho ucquisition.
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<br /> _ '°� ��` � 6, pocupancy,Preservation,Ms�inYenance and Protecdon of the Praperty; Borrower's I.oan ApplicaUon;l.eASehold4. _
<br /> �`''`' ����',,�"'�''• Barrower shall occupy,establiah. and use the Properry sis&xrower's principa! residence within sixty days after the execution of
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<br /> '� . this 5ecvrity Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year af'ter
<br /> 1.�t s ''����� • '� the date uf occupancy, unless l.ender otherwise agrees in wridng, which cansent shall not be unreasonably withheld. or unless
<br /> `•',� "�����J• extenuating circumstances exist which ure beyond Bortower's conirol. Borrower shnll not destroy, damage or impair the
<br /> : a���,-��i�� � �+�V Property, ullow the Pruperty to deteriornte. or commit wc�s�e on the Property. Bomower shall be in default if any forfeiture
<br /> '.1'� °.�^-.-'_;;. `.-t action or roceedin whether civil or crimin�l,is begun that in L.ender's good faith judgment cuuld result in forfeiture of the
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<br /> --- ��.< ' Property or otherwise muterially impnir the lien created by this Securiry Insiniment or L.ender's�ecurity interest. Borrower may
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<br />�,�.. .���nw;. � - - cure such a deiauit u�nl�i�iaiate, as pro�;idcd in i�rsSrsph !8,by ceaaing�he action or proceeding to be diamissed with a ruling
<br />�•`,;��� • �'"'-�� " "` thut, in I.ender's good faith determinution, precludes fcxfeiwrc of�he Honower's intcrest in the Property or other material
<br />" "`` ' ' k' �' impairn�ent of the lien created by this Secudty Instrument or L.ender', security interest. Borrower shs�ll also be in default if
<br />', �;•� Borrower,during�he loan applic�tian process,gave materially fulse ur inacwrnte infornwtion or stutements to Lender(or failed
<br />'� • ,��+ � ': ' to provide Lender with any muterial inFormation)in conneclian with�he loun evidenceci hy the Note. including, but not limited
<br /> '�� � ` to, representations concerning Bonower's occupancy af the Property a+u principal residence. If this Security instrument is an a
<br /> y_r - y ' leasehold, BoROwer shall ramply with all the provisions of the lease. If Borr�wer acquires fee tide to the Property, the
<br /> '� � � " . .< kasehold und the fee tide shall not merge unle�ti l.i:nder agrces to the merg�r in writing.
<br /> � � �� ,�,,,.�,�:.s..:..:� 7.Protectlon of Lender's Rights in the Property.If 8orrower fails to perfnrm the covenunts und agreements mnutined in
<br /> '"''`"�'-``' ` '°�` this Security Instrument, or there is u legul proceeding thut muy significandy affect l.ender's rights in the Propeny (such as a
<br /> i�� ` � ;:��� , � � proceeding in bankruptcy,probate. 1'or condemnation ur forfeiture or to enforce luws or regulations),tiien [.ender muy do and
<br /> i • .- ��;,r�.., , pay for whatever is necessary to prutect thc vulue ot'the Propeny and l.cndcr's rights in the Property. Lender's actions may _
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<br /> : � ° inrlude paying uny sums secured by a lien which hus pdoriry over this Securiry Instrument, uppearing in court, paying
<br /> /r ,,.,�. �.. : ` re:isonable attomeys' fees und entering on the Property to rnake repairs. Although Lender muy tsilce actia�under this pamgrnph
<br /> ; .�- � .' . 4�. 7. l,e�derdocs not ha��e to do su.
<br /> ,• y� Any amounts diebursed by Lender under tBis parn�mph 7 ,hail becomc �+dditionul debt of &�rtower secured by this
<br /> � � � Securiry Inxtrument. Unletis Borrower and l.endcr agrec to other term� of payment,these s►mountw shull be�u interest from the
<br /> � " �"" ° date of disburscmcnt at the Note rate und shall be puyubk, wi�h intcresc, upun notice fmm L.ender to Borrower requesting
<br /> q,� :s-=:' b' ' payment.
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<br /> .�: .,.�:�� , S.Mort�e Insurance.If Lender reyuircrl nuxtgoge insurunce as a condition of muking the luun.recured by this Secunty
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<br /> � ' �� ,• �'-' InstrumeM. Borrower shall pay the premiums required to muintnin thc mortgage in�urunce in ef�ect. lf, for uny reuson, t e
<br /> :-„�� " mortgage insurance covcruge rcyuired by Lendcr lupses or ceascs to lx: in eff�tit. Borruwcr tihull p•ry the pmmiums required to
<br /> ' _�M'+• �• obtuin coverage substuntiully equivulent u�the mongagr insurance previuu�ly in cffect, at •r ru,t substantiully equivalent to the
<br /> � � ci�st tu Borrower of the monguge insurunre previiwsly in el'tcct, frnm an aUemate nu�rtguge insurer upprov��i by Lender. If _
<br /> . , ' substAntiully equivulent martgagc inzur�nce covcr:►gc is n�.t avuiluble. Borrawcr.hall pay ta Lcndcr cach month a sum equul to F"
<br /> one-twelfth of the ycurly mortguge inxurancc prcmium lxi�iF puiJ Ny Borrowcr whrn thc insur•rncc roveragc lupsed or�r.a.x�d to `
<br /> • �'.. � be in effect. I.ender will uccept. ux uixl retuin the�c puyment� a�ti �lo�ti rexrve in liru ut' nu►ngagc in+urancc. Los� reserve
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