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<br /> �+ S.Hazard or Property Insuruuce. Borrow;r shall kcep thc irnprovemcnts now cxisting on c�reafter ec�d on the Praperty � _� �: ._
<br />: � , -� insurcd against loss by fuc.ha�ards ineluded wiEfiin the term "cxtcndcd cove�age' and any other ha•r.ards,including floads or � . :'':`_
<br /> � �. ' . f�ooding,fur which L.eader reyuires insurance.Thu insurance st�al!be maintained in the amounu and for the periods that Lender • �
<br /> - " ,�; requacs.The i�surance carrier providing the insuranre shall be chosen by Bonower subject to L.ender's apptoval which shall not
<br /> _ ��- -- be unmasonabiy withhetd. If Borrower fails to msintain covesage dcscribed above, I.ender may, at t.eaider's oplion, abtain }..:_,.�..,—`-_-•� ..�
<br /> . ' � c;overage to prouxt Lender's rights in the Propeny m accordance wiU�paragcaph 7. , �
<br /> ' , p11 insurance policies and renewals sGall be aa;eptable to Lender and shall include a standard mortgage clause.Lender shaU ,.
<br /> _� � � t�ave the right to hold the p�tiaes and renewals.If Leadet requires,Borrower shali promptly give to Lender all reccipts af paid •-. �r�` �:•.
<br /> . premiums and renewal notices.In the event of loss,Borrowcr shall give prompt nodce to the insurance carrier and Lender.Lender .... __���:;°�:�."- �
<br /> - � ' , may make proof of loss if not made prompdy by Borrower. :
<br /> Unless L.ender and Holrower otherwise agree in writing,inswance prnceeds sha11 be applied m restnrarion or repair of ihe , `
<br /> ." � � Property damaged,if the rcsroration or repair is economirally feasibte and Lender's security is not tessened.If the restoration or : ��.•.= 'T
<br /> °� � re�rair is not economically feasibie or Lcnder's security would be lessencd.the insurance pmceeds shall be applied to the svms . -''`��`�'�-
<br /> `: , . . secured by this Security Inswment, whettter or not then due. with any eacess paid to Bo►�mwer.If Barrower abandons the �:�° '-
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<br /> • • Praperty.or daes not answer within 30 days a notice fram Lender that the insurance carrier has otfemd to seule a etaim,then : �
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<br /> i.cndcr may coUect the insurance procceds.Lcnder may use the procceds w repair or reswre ihe Property or w pay sums secured . .. `.�,;-
<br /> �� � .;� by this Security Insnvment,whGher or not then due.The 30-day period will begin when ttte notice is given. • :�;�,�•-•
<br /> � � .�t Untess Lcnder and$orrower otherwise agrec in writing,any application of procecds ta principal shall noi eactead or postponc f � ''"�..�;�
<br /> • � � thc due date of the mont6ly paymeats rcfeued[n in paragraphs 1 and 2 or chaage the amount of 1he payments.If under paragraph ' • '`-�;:
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<br /> �; -'. 21 the Property is acquired by Lender.Borrower's right to any insurance polities and proce�xls resulting from damage to the --. �r� �
<br /> � ,��� �P�Y P�r to the acyuisition shaU pass to Lender tn ihe extent of the swns secured by this Seeurity Insuuiment immediaiely . `,���$-'�
<br /> ' � • � - prior w the acquisidon. � 5`" .
<br /> '" 6.Occupancy,Preservatton,Maintenance aad Protection of the Property; Borrower's Loan Application;Leaseholds. �,; �_
<br /> - l Borrower shall occupy,establish,and use the Propeny as Barrower's principal residence witfiin si��ty days after the eacecution of = • ="=__���r��'
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<br /> � this Scxurity Instrumeat and shall continue w occupy the Property as Borrower's principal residence for at least one ycar after the . , °...��_':
<br /> .; date of accupancy, untess Lender otherwise agrees in writirrg. which consent shall nat be unreasanably withheld,or anless •�;..�� "'��=��
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<br /> �:� � .� extenuating cimumstanees exist which are beyond Borrower's conuol.Sorrower shall not destroy,damage or impair the Praperry, `:.t.;,,;._;.:.:m;,. •
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<br /> allow the Proper[y to deteriorate. or commit waste on the Prapeay. Bomowcr shall be in default if any forfeipue action ar -, ;�.._
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<br /> i: ' '.�} proceeding,whether civil or criminal,is bcgtm that in 1-ea►dcr's good faith judgment cauld msiilt in forfeiture of the Propaty or _ _ ,;,yY�:-;�
<br /> � otherwise materially impaic the lien crcated by this Securiry Insmiment or Lender's security interest.Borrower may cure sucfi a �=} .;'
<br /> • '�• default and reb�star�e,as provided in ParagraPh 18, by causing the action or pmceeding w bc dismissed witb a ruling that,in . .�
<br /> .. Lender's good faith determination,prcctudcs forfeiaue of the Borrower's interest in the Property or other material impairment of : . �::c���,-
<br /> •�`� • the lien created by this Sccurity Instrument or Lcnder's security interest.Borrowct shall also be in defauit if Boaower,during the �'�'_�-::;
<br /> � . loan application process,gave materially false or inaccurate information or siatemcnts to I.ender(or failed to provide i.catder with � "^��"°•
<br />. ' . -''� any material information) in connection with the Ioan evidenccd by thc Note, including, but not limitcd to, representadons _ _ '`' �#`
<br /> ��� � � canceming Bonower's occupancy of tbe Property as a principal residence.If this Security Instsument is on a leasehold,Borrower .: . . z��`�
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<br /> shall comply with all Wc provisions of the lcase.Ii Borrower acquires fec utle to the Propercy,the leaschold and thc fce tide shall �;;4�.
<br /> . � not merge untess Lendcr agrees to the mesger in writing. . . � .��;�
<br /> 7.Protectlon of Lender's Ri�hts in the Praperty. It Borrower fails to perform the covenants and ageements contained in :. ;�_
<br /> • ' this Scciuity lnsuumcnt,or thcrc is a legal procccding �hat may signiGcanUy affcct Lcndcr's rights in thc Property{such as a � ': `�_'
<br /> � � proc:ccding in bankruptcy,probate,for candemnauon or fodciturc or to cnforcc laws or rcgulauons),Ihcn Lender may do and pay :„�. .,. .
<br /> • for whatever is necessary to protect the value of the Propeny and Lender's righu in[he Propeny.l.ender's actions may include
<br /> __ paying z.zy swas sec�ued by a lien which has priarity over this Securiry Insuument,appearing in wun,paying reasonable • _
<br /> �:�,.` � . • attomeys' fees and entering on ihc Propeny to make repairs. Aithough Lcnder may�ake action under this�aragraph 7.L.cnder . � ..
<br /> � docs not havc w do so. • ,. ��
<br /> � � Any umounts dish�rsed by Lender under ihis�aragraph 7 shaU became additional debt of Borrower secured by this Sec�uity �,. ;.. �
<br /> ,� . • instrumenG Unless B�zower and Lendcr a�ree to other tcrms ot paymcn�,cRt�e amounts shall bear interest fram 1he date of . _ •
<br /> �� disbursemcnt at the Notc rate and s9��bc payablc,with intcrest,upon n�ucc from Lcndcr to Borrowcr requcsting paymenG :
<br /> •�'� ' S.Mortgage Insurance. If L,s-�der requ'ued mongage insurance as a wndition of making ihe loan secured by this Security . �•
<br /> • `, . Jnsirument, Hoaowcr shall pay thc prcmiums rcquircd to main�in thc mortga$c insurancc in cffcc� li, for any rcason, thc . .
<br /> _ � mortgage insurancc co�•cragc rcquucd by Lcndcr lupscs ar cqscs to bc in cffcc6 Borrowcr shall pay Ihc prcmiums rcquircd to _ -
<br /> •• ' obtsin covcrogc sub�.anti�lly cquivalcnt to�hc mvrtgagc insurancc previnusly in cfPwt,at a wst substantially cquivalcnt to thc .
<br /> .� � � ' cust to Boaower of the morigage insurance previously in effec� trom;in altemate mortgage insurer approved by Ltnder. If
<br /> -. ' substantially cquivalcnt mortgagc insurancc covcrabc is not availablc. Borrowcr shail pay to L.cndcr cach momh a sum ecynal to • ,
<br /> onc-tu�elf�h of U�e ycarly mongagc insurancc prcmium being paid by Bonowcr when thc insurancc covcragc lapscd or ccased to � .
<br /> ; . � . � be in effec� Lcnder wili accepi, use and retain ihese payments as a loss reserve in lieu of mongage insurance. Loss reserve ,
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<br /> � � � Form 3028 9l90 .
<br /> . .� �•8R(NE)1e2�2�.ot Pago3o�e inivai9:
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