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<br /> � 5. Ha�rd or PropgrtY lnsosance. Horrower shall keep the improvements naw existing ar hereafter erected on the , ;. � ,
<br /> . - Ioss by fire, hazards induded witbin the term'extended coverage and any other hazards,inclading -- - _.
<br /> ----:;�.,:.-==: Propesty insured ag,sinst .—`- -�-=--_�_
<br /> inatran
<br /> Qoads or ftooding, for which Lsnder requires�_ oe.This iasarancesball be maintainedin the amountsand for the periods
<br /> .. •' tbat Lender requires.The iasurance carrier praviding the insurance shall 6e claosen by Borrower subjed to Lender's approval •' �<<f`°�
<br /> ' which shall not be uareasonablywithheld. If Borrower fails to maintaia cove*aSe desc�ed�o�, �nd�r may, at Lender's , .
<br /> , , optian,obtain cwerage to proteci Lender's ri�ts in the Property in acoordance with garagrapb 7. ctanse.Leader � . ' ,
<br /> All insurance policies andreaewals shall be accepiableto Lenderand s6a11 indude a staadardm�ortg�age �receiptsof . . .
<br /> � ' sDall l�ave the right to hold the polit3es aad renevval-s.If Lenderrequ'ues,Boa iom S�P��he'm.�surance carrierand Lender. � • . .
<br /> � � '� Paid preminmsand renea+alnotices.In the event of toss,Boaawershall�ve P P► _i' t
<br /> ' � � Leader m a y make pioof of toss if aot made prompitY b3+Boaower. ,.• _:�_�
<br /> = Unless Lender and Horrowerotherwise agRee in w��8,i n s m a n c e p r a ce e d s s h a l l b e a p plied to reswrarionor repair of the � `:
<br /> agR �
<br /> �f t h e r e s ton t ioa o r r e p a i r i s e c o a o m i c a l t y f e a s ible and Leade�s security is noi lessened.If th�t t h e�s u m s ' �.�.,�
<br /> , PropertYdamaB�� roceedss6all be app �
<br /> � , repair is not economicaIIy feas�2e or l,ende�s securitY wal�ld be lessened,��p�Borrawer.If Bonower abandans t6e • . �` �_
<br /> secnred b y this Security Instrument,whether or not then duc,aith auy+ . '�'.. `
<br /> ..�,<l:�,.; Sj•`�:"'x•'
<br /> property,or daes not answer witlnn 30 days a aouce from Leades t h a t t he insuran c e c a r i i e s has offered to settte�claim,� ,.;; ,.,;`,.,� '`'�
<br /> Lender may colled the insuranoe praceeds.Lender may use the praceeds W repa�r or r whea the notioe�s' giYen- . ';:�a���3 r -�`.
<br /> . secnred by tbis Security Iastrament,�hether or aot then due.The 30-day period w�l heg�a not extend or __ °°-,.'::°•=_–`
<br /> ee in wriring, aaY aPPhca3°�n of proceeds to principal sl�all
<br /> � UnlesS I.enBer aad Borrower otherwise agc V,'--<---'..
<br /> a ents referred w in paragraphs 1 asd 2 or change the amount of the payments.It ' j:;�
<br /> cag _
<br /> • pnstpone the dae daic of the monttilY P Y� oliaes and proceedsresntting from � . . ��
<br /> under paragraph2l the Property is acquiredby Lender,Borrower's rigf►t to any insurancep ,� "��.'��`
<br /> n .�•. ,.;
<br />-. .. . . . daznageto the PropertY Prior to t he a c q t u s i6on shall pass to I.enderto the eraent of the sums securedby tivs Security Instrume t j.;.,'.>�::•
<br /> _..s:Y: _i,---:�:
<br /> � . - immediately prior to the acquisition. Boreower's Loan App�oD; �eholds. • � . �.�, r�;...
<br /> � ' 6. OccaPancY, Yreservatton,Mainteaance ar.d YcotedEoa of the peo�IIcewitbin siaty days afterthe executioa of ' ` •�'R
<br /> ' ` Borrowershatl occupy. estab�st�+and use the Progerty as Borrowcr's p ri a Pa� �°�_�....
<br /> � t L i s S e c u ri t y Iastrumentand shall continue to occupy the Property as Borroaer's prinapal residence for at least one year after � . ,- :�r�;;-
<br /> �' the date of occupancy.ualess Leader othecwise agrees in writia�.w h i c h cons e n t s h a l l n a t b e u n reasonab l ywithheld,or ualesg s•:.. .';;��e'::,:
<br /> or un the ';°�-:'°
<br /> � � . �':_.�:.�:
<br /> � extenuating circumstances e�ost whi� �e beyoad Horrowe�s conUol. Borrower shall not destcoy, damaSe P�* � L
<br /> ..�t, Property,altow the Property to deteriorate,or coma�it waste oa the Property.Bonower shaU be ia default if any fodemue . ' `. ,�.. ._
<br /> ' actioA or praceeding,whet6er civt� or cziminal.is begun that ia 1.ender's good faith jud�ent coWd resWt ia fodeiture of the '... '•,;��;.
<br /> �aterest.Bonowermay ..:.�,.--�--
<br /> � � � _ Property or otheiwise materially impair the liea createdby this Security Instrumentor l.ender's security ;�;�.:
<br /> hl b causing the actionur proceedingto be dismissedwith u*u1in8 r ��-==
<br /> �
<br /> ' cure sucb a defauIt and seinstate,as provided in parapfaF S, Y � '��=
<br /> ��<�=.
<br /> . . • that,ia LendePs good faith determiaation,precludes fodeiture of the Bonawe�te�����r��°be ia default if � ,•,, ��; •'••f L�]-
<br /> .. , � impairmentoi the lien areatedlry tlus Security Instrumentor Lender's security • ;,.t�.r.`
<br /> � Boaower,during the loan applicatioaproa�ss�gave materially faLse or inaccurateinformationor stat�cmentsto Lender(or failed �'._ti.
<br /> �. .. to pravide Lenderwitb any materialinforma6on)ia connectionw►th the loaa evideacedby the Note,inc�uding,but not limited
<br /> to,representadonsconcemingBorrower's occupaacy of the Property as a principal residence.If this Security Iastcamentis on a ,.�:��=
<br /> witb all the provisions of the lease. If Borrawer acquires fee title to the Pcoperty,the .:.:�,,,_.
<br /> leasehold,Borrower shaU comP1Y .
<br /> . , . teasehold and the fee tide sha11 not merge unless 1.ender agrees to the mesger in arritin8. . .`;�'"�
<br /> 7.Yrotectton o4 Lender's Rigbts in the PropertY If Bonowerfails to performthe c4venantsanda�eementscontaiaedin . . ..��;=j
<br /> � ' - this Secasity lnstrument,or there is a legal proceedin8 that may s�aiScandy affect Lende�s rights in the Property(sach as a . . ::
<br /> ( , pTOCeed�in bankruptcy,probate.for coademnadonor forfeiture or w enforce laws or regulations),tlien Lender may do and .;,., ,� �
<br /> � pay for whatever is necessary to p:otect the value of the Property aad Lender's rigt►ts m the Pcoperty.Lend�r'��aro p m��a�y , .
<br /> ' indude paying any sums secured by a lien whicL i�as priority over t6is Security Insttument,aPP�B ,
<br /> � reasonabieaitomeys'fees and entering an the Property to make repairs.p►1tb°ugh 1•�nder may take adion under this ParagraPb , '
<br /> � 7,Lender does not have to do so. b� Sy�become additional debt of Bonower secured by this . . _. .
<br /> pny amounts disbursed by Lender under ttys paragraP
<br /> � Security lnstrumen�Untess Borrawer and Lender a�ee co other terms of payment,these amounts sball bear interest trom the
<br /> , . date of disbwsement at the Note rate and shall be payable, wit6 interest,npon notice from Leader to Bonower requesting :
<br />-:f . .
<br /> � ; . pa��t• e insnrance as a condidon of making the Wan sectuedby tLis Securiry .
<br /> � • �.. 8. Mortgage lnsuraace.If Lenderrequiredmortgag �����e�ed. lf, for any reason,the ' �
<br /> � Instrument,Borrower ahall pay the premiums required to maintain the mortp,�g • •�
<br /> ' . mortgage insurance coverage requiredby Lender lapses or ceases to be in effed,Bonower shall pay the premiums re9uiredto
<br /> - .. obtain coverage substantially equivatent to the mortgage insurauce previousiy in effect,at a cos,t�su'bs p�ved by Lender.�lf �
<br /> � cost to Bonower of the mortg,age insurance previousiy in effect, from an altematemortgage
<br /> substantially e9nivalent mortgage inswance cove*age is not available,Bonower shall pay to Lcnder each month a sum equal to
<br /> one-ta+elfth of the yearly mortgage iastvance premium being paid by Bonowerwhen the insurance coverage lapsed or ceased to
<br /> _ be in effect.Lenaerwill accept,use andretainthese paymentsas a loss reservein lieu of mortp.�ge inswance. Loss rescrvc
<br /> , Fotm 3028 !90
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