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<br /> S. Hazard or Pcoperty �a�urance. Burruw�r shall keep tt►e in�provements now exiscing ur hereafter erected on the _
<br /> Property in;ured egx3��.tit I��ss by fire, h.uxrds included witl�in the temi "extended covrruge' x��d anY ather huzards, incluJing ='__..�^L
<br /> . fl�;oe tlauding,far which Lxnder requires i��.yurauc�. Tl�i, intiurauc�shall be maintained ln tlie simo�mt�xnd tiir the peric�cls�
<br /> , ..P ttiut IxnJer teyuircti.Ttir, insuratKe currier�rovIdtng the inti�ttrance sl�ull be cltosen by Banower subjeet ta Lender's approv�l� _
<br /> whlch sh�ll tx�t tx unreuso�utbly withheld. If Bonower fxils to mainusin coverage descrfbeJ abc�ve, Lender may, at l.cnder's �.► ___
<br /> opttan,obtain coveruge ta pratect L.e�ider's rlgh�ti in the Praperty in accardauce with paragrdph 7. C --
<br /> All Insurance polictes uncl renewals shall he scceptable to Ixader:u�d shull include a stundard mortgage clause. I.euder Q _
<br /> shall have the rlght to hold d�e palicies aud repewuls. 1f Lxnder requires,Barrawer shall promptly give ta L,ender<►11 re�eipts of�
<br /> putd nreniiunu and renew�l natices. In the event e�f loss,Borrawer shall give prumpt nadce ro the insur�nce carrier und Lender.� . _
<br /> Lxpder naay mxke proof of laas if not niade praraptly by Banower.
<br /> Unless l.ender mid Honower atherwise agree ln writing. insurance proceeds sh�ll be applied ro restoradon or repuir af the
<br /> Propeny damaged,if the r�.titanstian ot repair is econon�ically feasible xnd Lender's security is aot lessened.If the reston►don ar
<br /> repair is aot ecanamicxlly fe:islble or Cxnder's security would be lessened,the Insurance proceecls shall be applied to the sums _
<br /> secured by this Securlty Insmiment, whether or aot then due,witli auy excess paid to Borrower. If Barrower abandans the `
<br /> Properry, or does not antiwer wlthln 30 clays a nodce frani L,ender that the lnsurance carrier has offered ta setde a claim,then _
<br /> Lender may colisct the insurunce praceecls. Lender may use the proceecls ta repair ar resrore the Pruperty or to r ay sams =
<br /> secured by this Securfry Iastrument,whether ar not then due. Tlie 30-duy pedod will begin when the nodce is given.
<br /> � i Unless Lender a��d Borrower ott�erwise agree in wridng, any appllcatiott of proceeds to principul shxll ttot extend or =
<br /> +� � postpone the due dace of the wonthly paycuent�rcferrrd to ia paragrs�phs 1 and 2 ar change We umount of the paywents. If under �—
<br /> paragraph 21 the Propeay is acqulred by Lender, Bonawer's right to uny iasurance policies and proceeds r�suldng from
<br /> damage to t�e Propetty pdor to the acquisitton shxll pass to Lxpder ta the exteut af the su�us secured by this Security Instrumeat
<br /> �•� iminediately prior to the acqulsidon. _.
<br /> ' 6.Occupancy, Preservation,Maintenance und Protection of the Property; Borrower's Loan AppHcatlon;Leaseholds.
<br /> ,� , Borrower shall accupy. establIsb,xud use the Prnperty as Bonower's princtpal resldeace wtthiu sixty clays after the execudan of
<br /> this SecurIty InswYUeat und shall condnue ta accupy the Proparty as Bonower's princtpul residencx for at lexst ane year after
<br /> the date of occupapcy, upless Lxnder otherwise agrees in writing. wluch consent shall not be unreasonably wtthh�ld, or unless
<br /> extenuatin$ eireumstances exist wtdch ace beyoad Bonower's conuoi. Borruwc� �nit nai dcstray, cl:sma�e or IinFsir ih? _
<br /> �� Property, allow the Property to detedorate, or commit waste on the Property. Boxrawer shall bc in default if any forfeittue _
<br /> � acdoa or proceedins,whether civil ar crauinal, Is hegun that la I.ender's good faith judgmeat could msult ln forfeiture of the _
<br /> '�' Property or othenvise materially imp�ir the llea created by this Securiry Iastrun��nt or Ixpder's securiry interest. Borrower way ;
<br /> cure such a default aad reinstate,as ptovided in paragraph IS.by causing the acdon ur proceeding to be dismissed wlth a nuing p_
<br /> that. in Lender's goocl faith determinadon, precludes forfeiture of the Bonower's interest in the Pmperty or other materlal `. ��
<br /> impt+icment of the lien created by this Security Insmuneat or Lender's secutity Interest. Borrower shall also be ia default if ;,,�.
<br /> Borrower,during the loa�i applicudon process,gave materially false or inaccurate informatiott ar statements to L,ender(or failed �,,.�
<br /> to prnvide L.ender with any niater�al infomiadon)In connectiou with[he loxn evidenced by die Note. iacludtng,but not Itwited _-
<br /> �;• w, representations concerning Borrower's flccupxncy of the Property as a prtncipal residence. If tlus Securiry Instnuuent is on a _
<br /> �• leasehold, Borrower shall comply with ull the provisions af the l�sse. If Borrower acquires fee dde to the Properry, the
<br /> • _1 leasehold and the fee title shull not merge unless i.ender asrees to the merger in writing.
<br /> •a: 7.ProteMion of I.ender's Rights in the Property.If Banower fruls to perform:he covenants and agreemenGS coutained ln _
<br /> � this Securlty Insuument, or there is a legal proceedinf; thae may sigaificancly affect Lender's rigbts in the Property (such as a �
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<br /> � proceeding!n bankruptcy.probate, for condemnauon or forfeiture or to enforce laws or reguludons),then Lxuder may d�und � _-
<br /> pay for wbatever is necessary to protect th�value of the Propeny and Lender's rights ia the Properry. Leuder's acdons may �
<br /> � include paying any suins secumd by a lien wUich has priority over this Security Instrument, appearing in court. paying �.
<br /> reasonable attoraeys'fees and entering on the Propeny to make rcpairs. Although Lender raay take acdon wider this paragraph _
<br /> ?,Lender dnes uot have to do so. �'' -
<br /> Any amounts disbursed by Lender under this paragraph 7 shall beconie addiuoiu�l debt of Bonawer secured by thls _;�_
<br /> Sectuity Instrument.Unless Borrower:u�d Ixnder agree ro e�dier temts of payment, tliese:unounGs �li�lt bearr interest from the ';;;�,Y...__
<br /> date of disUursement at the Note ntte und sUall be payxble,with interest. upoii �ioticc frum Ixnder to Borrowcr requespng _—_ -_
<br /> payment. '%rr..,,.
<br /> 8.Mortgage Insurance. If Lender required mortgage iiuurance as a condition nf making the loan secured by this Security
<br /> Instnunent, Boaower shall pay the premiums required to rnaintain the mortgage insuraiue in effect. If, far any reason. the ��>:.•
<br /> mortgage insurauce coverage required by Lxndee lupses or ceases to be in effect, Born�wer shall pay the premiuu�s required to - .
<br /> obtain c:overage substandally equiv:tlent to die mortgage insurauce previously in effect,at a cost substautially equivalent to the
<br /> cost to Borrower of die mongage iatiurance previously in effec;t. from an alternate mortgage insurer approved by Lender. If
<br /> suhstanti�Ily eyuivalent mort�;age imurds►ce coverage is not avxilabl�, Borrower Shall pay to Lender each montli x sum equal to
<br /> one•twelfrli of the yearly mongage insurance preniium beinb paid by Boaower when the insur<u�ce c:ovei�+ge lapsed or eeased to
<br /> he ii�effect. Lxnder will accept,use sud retain tliese payments�u a loss reserve itt lieu of mottgage insur�uce. Loss resecve
<br /> Form 302$�9l90
<br /> ��6RlNE)�e�+��.o+ Pp�3 of 8 wnsi.:.�_u f
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