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<br /> . S.H�ard or Property IneurAnce. Bonower shall kecp ihc improvemenis now eaisting on c�rcafter crected on thc Property � �-�,
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<br /> lnaured against loss by fire,har.erds included within the term "extended coverage" and any other hazards,including floods or •,,_,�•�•
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<br /> flooding.far which L.ender requires insurnnee.'It�is insurance shall be maitttained in tha err►ounts and for the pedods that L,ender(Q - __
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<br /> rcquires.'I�c instuancc carricr providing the insurance shall bc chosen by Borrowcr subjcct to l.cndcr's approval whIch shall no1�0 •______
<br /> be unreasonably withF�eld. If Borrower fails to maintain coveragc describcd abnve. L.cndc� may, at Lcndcr's opuon, ob� _--
<br /> . ._• caverage to protect L.ender's rlghts in tho PropertY in acr•ordance wlth paragraph 7. Q —
<br /> � pQ insurance policies and renewals shaU be acceptable to Lender and shall include a standard mortgage clause.Lendar s ����__
<br /> v have Ihc right to hold the policies and nnewals. If Lender requires,Borrowcr shall prompUy give w Lender all reccipts of pa� �
<br /> premiums and renawal notices.In the event of loss,Borrower shaU glve prnmpt nodce to the insurance cerrler and Lender.L.ende =
<br /> may make proof of loss if not made promptiy by Barrower. Q? `� , _
<br /> Unless Lendcr and Sorrower otherwLse agrce in writin8+insurancc pr°c.ecds shall be applied t°rest°ration or repair of the �;:
<br /> proputy damaged,if tde restoradon or rcpair!s economically fcasib�c and Lendcr's scc;urity is not lesscned.If the restoradon or �;;
<br /> . repair is not economicaily feasible or L.ender's security would bc lessenc�d,the insurance procecds shall be applied to the sums ;�._
<br /> secured by tt►is Securiry Tnstrument, whether or not then due. wjih any cxcess paid to Borrower. If Borrower abandons thc �.:.
<br /> . Property,or does not answer within 30 days a notice from Lender that the insurance cerrier has offered to settle a claim,then �;�_
<br /> I.endu may collect the insurance proceeds•Lender may use the proceeds co repair or restore the Property or to pay sums secured _—
<br /> by this Security Inslrument,whether or nat then duc.'Ihe 30-day pettod will begin when the nodce is given. � ___
<br /> Unless I.cnder and Sorrower otherwise agree in wntin8��Y aPP���n of proceeds to principal shall not extend or postpone -
<br /> the due date of the monthly payment�ceferred to in paraBraphs 1 and 2 or change the amount of the payments.If under paragraph
<br /> , 21 the Property is acquired by Lender, Boaower's right to any insurance policIes and proceeds resuldng from damage to the
<br /> ,t Property pdor to the acquisiHon shall pass to I.ender to the extent�f the sums secured by this Security Instrument immedIately
<br /> prior w thc acquisidon.
<br /> � 6.OccupAncy,Preservatton,Maintenance and Protection ot the Property; Borrower's I.oan Applkrrtion;l.easehalds.
<br /> Bozrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the eaecudon of
<br /> this Securiry Insuument and shail continue to occupy the Properry as Borrowar's principal residence for at least one year after the
<br /> .� date of occupancy, unless L.ender otherwise egr�es in wrid�►8, which consent shall not be unreasonably withheld, or unless
<br /> extenuating circum�tences eaist which are beyond Borrowcr's contr4l.Borrower shall not destroy,damage or Impair the Property,
<br /> , = aiIow ihe Psu�-ty io deuxioraic.or camsnit;tiasic on thr_. Property. Borrower shall be in defautt if any forfeituro action or
<br /> proceeding,whether civil or crlminal,js begun that in L.ender's good faith judgment could result in forfeiture of the Propecty or
<br /> ' othenvise materlally 3mpsiir the Uen created by this Security Instrument or I.ender's securlry interest Borrower may cure such a
<br /> default and reinstate,os provided in para$raph 18,by causing the acdon or proceeding to be dismissed with a rulir►g that, in
<br /> • Lcnder's good faith determinadon,precludes fodeiauc of thc Borrower's interest�n the PropcRy or other material impairment of
<br /> F ihe lien created by ttiis Sec�uity Instrument or L.ender's security interesG Borrower shall nlso be in default if Borrower,durfig the
<br /> � loan application process.gave materlslly false or inaccurace information or statements to Lender(or failed to provide I.ender with
<br /> � any matecial informeuon) in connecdon with the loan evidenced by the Note, including,but not limited to, representadons
<br /> � concerning Borrower's occupancy of the Property as a principal residence.If this Securiry Instrument is on a leasehold,Borrower
<br /> � � shall comply with all ihe provisions of the lease.If Bonower acquires fee dde to the Property,the leasehold end ihe feo tlde shaU
<br /> � • not merge unless Lender agrees to the merger in wridng.
<br /> '�� 7.Protecdon o!Lender's Rights in tde Pruperty. If Borrower fails w perform the covenants and agrcements contained in
<br /> � this S�iuity Insvument,or there is a legal proceedin8 that may significantly affect Lender's rights in the Prnperty(such as a �_
<br /> w proceeding in haz�uptcy,probate,for condemnadon or fodeiture or to enforce laws or regulations),then Lender may do and pay -
<br /> - for whatever is necessary co protect the valuc of the Property and Lender's righis in the Property.Lender's acdons may Include
<br /> � paying any sums securcxl by a llen which has priority over this Securlty Inswment, appeadng in court, paYinB reasonable -
<br />- � attomeys'fces and entering on the Property to makc repairs. Although Lender may take acdon under this paragraph 7,I,ender _-
<br /> �� dces not have to do so. - ----
<br /> � Any emounts disbursed by Lender under this paragraph 7 shall become addiponei debt of Borrower secured by this Security
<br /> . InstrumenG Unless Borrower and Lender agree co otner terms of payment,these amounts shall bear interest from the d..^•w�.' - _--
<br />= disbursemcnt at the Note rate and shall be paysble.with interest,upon nodce from I.,ender to Boaower requcsting paymen� �-: _
<br /> � 8.MortgAgeInsurance. If Lender required moctgage insurance as a condiuon of making the loan secured by this Security • ,;;�;;�:��
<br /> - Instrument, Borrower shall pay the premiums required co maintain thc mortgage insurance in effcx� If, for any reason, the '+�'�`-
<br /> mongage insursmce coverage required by L,ender lapses or ceases co be in effect, Bocrower shall pay the premiums cequired to '`:,`;�'`'
<br />- obtain coverage substandaliy equivalent to the mongage insurance previously in cffcct, at a cost substantially equivalent to the .,
<br /> ' cost to Borrower ot the mortgage insurance previously in effect, [rom an altcmate mortgagc insurer approved by Lcnder. If • .
<br /> substantielly equivalent mortgage insurance coverage is not availeble,Borrower shall pay to Lender each month a sum equal to •
<br /> one•twelfth of the yearly mortgage insurance prernium being paid by Boaower when the insurance coverage lapsecl or ceased to
<br /> be in effec� Lendcr will accept, usc and retain thcsc paymcnts as a loss rescrvc in Gcu of mortgage insurance. Loss reserve ' '
<br /> Form 3028 9190
<br /> �-8R(NE)192i2)-oi Paqe3ot8 Inwalt: .
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