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<br /> � ' . ' • � 9����'i��3
<br /> • � � 5.Hayard or Property Insuranee. Borrower shall keep the improvements now exis�ting or hereafter erected on the Pmperty ;� :
<br /> . �� � insuned against loss by fuc.ha�ards included within thc tcrm"cxtended ceverage" and any other ha7ards,including floods ar y.. �: �;: .
<br /> , • Rooding,for which Lender requires insucance.'lhis insuzance shaU be maiatained in the amounts and for the periods that Lender �', y _,�: ;.
<br /> ` . �. requir�.T1ie insurance carriet providing the iasurance shall•he chosea by Borrower s�ubject tn Lender's approval which shaU not � .�. � :`
<br /> �:,;:.-..:�� be unreasonably withheld. If Boaower fa�s to maintain coverage described above, Lender may,at Lender's aption, obtain .
<br /> ' �'.' IA�Wli�l t17. "
<br /> _ — coverage to pratect I.ender's righis in the Pcopeny� � e clause.Lender shall
<br /> • .:; :. pll m�,�,••ce po&cies and reuewals shsill be ar,ceptable m Lender and shall include a standard mortgag ��
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<br /> . . ; have the right to hold the policies and renewals.If Lender requices,Borrower shaU prompllY give to Leader all receipu of paid _ r s< `.. .�,
<br /> • �`�, premiums and reaevral notices.In ihe event of loss,Borrower shall give prompt notice to the insivance carried and Lender.l.ender ' "`;�v,�:,,N
<br />- _. .._ . -. �y make groof of toss if not made promptly by Borrower. ,`._��_. ^"�;--
<br /> � � Unless L.endea and Borrower othenvisc agree in writing,ins�rance praceeds shall be applied to restnration ar repair of the ° .�. =�:.
<br /> > ,
<br /> � property damaged,if the reswranion aor repair is economically fe�'ble and Lender's securiry is not tessened.If the reswrati�on or -�� , � ;.
<br /> . �, ; , r e pair is not econQmicallY feasible or Lender's securiry would be lessened,the ins�uance proceeds shaIl be applied w the sums �,.�_„ s � -
<br /> - secured by this Seceuity Instrument, whether or not then due. witb any exccss pai d to Botrower. I f Borrower a h a n d o a s t h e "u'�--
<br /> �'`"' • �P�Y•or da�s not answer within 30 days a notice from L.euder that the insurance casrier has affered m seule a claim,then - vk•• ___
<br /> `�i:�:.:: • PtePed[S+ PaY f,-::�
<br /> . . Lender may collect the insutance proceeds.I.ender may use the praceeds to repair or rc�wre the or to svms secured
<br /> ' ` by ihis 5ecurity Insuu�ncnt,wiiether or nnt then due.The 30-day periad w11 begin whea the notice is given. �_�;._
<br /> '�� � � �r ' Untess Leader aud Bormwer m�ernise agree in writeng,aaY aPPhcation of proceeds w prinapal shall not extend or postpone �°•.;-._____-
<br /> . { . ••:L:,.__..
<br /> ' ���;.: ents referred co in ara hs 1 and 2 or cdan e the amount of the ents.If under aragraph �`°`'z =
<br />�.� . . the dae date of the monthlY PeY� P S�P g PaYm P -
<br /> � � ... ... ._ 21 the Praperty is acquired by Leadea Boaower's right ta any insivance policies and pracceds resuldn�fmm damage to the ��%v .
<br /> -��._t:. "". -
<br /> � � " - � Property prior w the acquisition shall pass to Lender w the extent of the sums secured by�his Security Insuument immedialcly
<br /> . . prior to the acquisiuon. -� __
<br /> " � �� ,` 6.Occupancy,Pr�servatton,Maintenance ond Piratectlon of tRe Property; Borrower's Loan Applicatt�a;l.easeholds. � ___
<br /> ` . Borrowcr shall occupy,cstablish,ared use thc Property as Borrower's principal residcnce within siaty days after Ihe eaccution of � �`��=°°-
<br /> ,� � ' this Securiry�nstrumeut aud shall continue to occupy the PropeRy as Barrowcr's priacipa!resideace for at teast aas.year after ihc � `` -�--
<br /> � ., �,�V date of accu panry. unless l.enda otherwise agrets in writing, which consent shall not be unreasonably withheld, or unlesg �;__:��,�„�::
<br /> .�� • � ' extenuating cucumstances exist which are beyond Borrowcr's control.Boaower shti!!not desuoy.damage or imyair thc Property. �:;�_. ----
<br /> • ' � allow the Pro to detctiorntc,or commit waste on the Pto erty. Bormwer shall be in default if any forEeit�re setion or �•f- ,
<br /> '" . p�y P $ ,N.: .�
<br /> �-,.�._ ; � praceeding,whether civil ar crimina).is 8egun that in Lender's good faith j►cdgment caald result in furfeipue of the Propeny or �„�- _
<br /> � otherwise materialiy impair the lien areated by this Security Instrument or Lenda's securiry interest.Borrower may cuce such a _
<br /> � � , default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed wilh a culing that,in � `.�.�';,�_y
<br /> ' � Lender's good faith detem►inadon,precludes forfeiture af the Borrower's interest in the Propercy or other material impaument of a__
<br /> � the lien created by this Security Instrument or Lendcr's sa:uriry interest.Boirower shall also be in defaull if Borrower,during the =-
<br /> � �-� - -- �� - loan applicatian process,gave materiatly false or inaccurate informaaon or statements to Lender(or failed tn provide Lender with - __
<br />. , • . , any material information) in connection with 1he loan evidanced by the Note, including, but not limited W,representarions •. • � r,.;:._;
<br /> . . - concemiug Borrower's accupancy of the Property as a principal residence.If this Securiry Insuument is oa a lease6otd,Borrower .��r�,�_
<br /> ' shall comply with aU ihe provisions of ihe lease.If Borrower acquires fee tiUe to the Property,the leasehold and th�fee utte sLall �, "''� '-
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<br />_� � not merge unless Lender agrees co the merger in writias. , � _�'''
<br /> • 7.Protection of Lender's Rights in thc Property. If Borrowcr fails to perform the covenants and agreements contsined ia .. _ g
<br /> ". • ' • this Securiry Instnunent,or thac is a legal procceding that may si�candY affect Lendcr's rights in the PropeRy (such as a g
<br /> . � ' . proceeding in banI�uptcy.probate,for condeannation ar fodeipue or to enforce Iaws or reguladons),then Lcnder may do and pay - v
<br /> ��° � � , for whauwer is nec�sary to protect the value of the Property and Lendcr's rights in the Property.Lender's acdons may inciude �T-'
<br /> `� paying any sums secured by a lien which has prioriry over this Security Inswment,appearing in couit, paying rcasonable . � ,,_
<br /> �� • �� auumeys'fees z�d entering on ihe Property to make repairs.Althou$h I.cnder may take acdon under this paragraph 7.Lender . ,, _.,T
<br /> " docs not�ave[o do so. . _ ._
<br /> .��` , ' ' Any amaunts disburscd by Lcnder undcr this paragraph 7 shall bccome additional debt of Borrower sccured by this SCCUriry ; , •
<br /> � • Instrumcnt Unlcss Borrower and L�cndcr agree to othcr ccrms of payment, thcsc amounis shail brar inuxcst from the date of
<br /> ' �' ' disbursement at the Notc ratc and shall bc payablc,with intcrest,upon notice from L.cndcr to Borrower rcquesting paymen�. .
<br /> • � � 8.Mortgage Insurance. If Lender rcquired mortgage insurance as a condition of makins the loan sec�ued by this Security . .
<br /> • , , Instrumcnt, 3orrower shall pay thc premiums rcqu'ued w maintain thc mortgage insurancc in cfFecG If, for any reason, the �•±: •., .
<br /> . � , mortgage insuranco covcrage requircd by Lcnder lapscs or cqses to be in offcc�Bonower shsill pay ihe premiums reyuired to . . �
<br /> ��'�'t � • � obtain covcrage substantially equivalent to Ihe mortgage insurance previously in effect,at a cost substantialiy equivalent to the .
<br /> �' i . cost to Borrower of the mortgage insiuunce previously in effect,from an altemate mortgage insurer approved by Lender.If '`' �
<br /> . . - ` substantially equivalent mortgage insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to �
<br /> . � one-tweif�h of the yearly mortgage irsurance premium being paid by Borrower when the insurance coverage lapsed or ceased to ,
<br /> � :� � . bc in cffect. Lcndcr will acccpt,usc and retain thcse payments as a loss rescrve in licu of mortgage insurance. Loss rescrvc .
<br /> . . � i Form 3028 9190 . �
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