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<br /> ' S. Hazerd or Property Insurnnce. eorrowcr shull kecp the improvement� now existing ��r hercuftcr crected on the _
<br /> , Pmperty insured ugainst loss by fire, hss�ard� includcd within the term "extended covcragc" and uny other harurds, including �`±z;
<br /> flocxls ur flooding.for which Lcndcr rcyuircti insurance.Thi� insurancc shall he muintuined in the umount+und fc�r the periods —_�
<br /> . th�t L.endcr rcquirc+. The in+uran�c carricr pruviding thc insuranre shull he chosen hy Borrowcr suhject to Lcndcr'ti approvul' :+
<br /> which shull not be unreusonably withheld. If Borrower fuils to maintain coverage described uhi�ve, Lender muy, ut l.c�xler's� ��
<br /> uption,ohtain roveruge to protect L�:nder'x rights in the Properry in uccordunce with puragruph 7. � ��ss
<br /> All insurance policier and renewals shaU he ucceptable to Lender und shall include a standurd mortgage cluuse. Lender ' �•_?.,
<br /> � 4 shall huve thc right to huld the policies and rencwuls. If Lendcr requires.Borrowcr shull prompdy givc to I.ender al!rcreipts of, , ;
<br /> puid premiumti and renewal notices. In the event of loss.�orrower shall give prompt notice ro the insurunce cvrrie�and L.cnder.�
<br /> �� I..endcr may mukc proof af loss if not maJc prumptly by Burruwcr. �'�"
<br /> Unless L.ender and Bc�rrower othervvise agrec in writing, insurance praceeds shull be applicd t�restorution or repuir of the�
<br /> ..�"i°r`�' Property dumaged,if thc restorAtion or repair is cconomically fcasible and I.ender'+security is not lessened. If thc restarutinn or�
<br /> `�"`"''�� repair is not economically feasible or Lender's security would be lessened,the insuranee proceeds sliall he applied to the sums�
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<br /> secured by this Securiry Instrument, whetyer or not then due, with any excess paid to Borruwer, If Horrnwer abundons t e
<br /> � Property.or does not answer within 30 days a noticc from Leuder thut the insurance cartier hus offered to settle a claim,then
<br /> Lender may collect the insurance proceeds. Le�ider may use the proceecls to repair or restore the Property or to pay sums � _,_
<br /> secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is Siven. _
<br /> ` Unless I.ender and Borrower other�vise a�ree in writing, any upplication of praceeds to principal shall nc�t extend or
<br /> p�istpone thc Juc Jutc of'thc monthly paymcnts rcfcrrcd to in purugraphs l und 2 or changc thc amount uf thc paymcna. If =–
<br /> under paragruph 21 the Property is ucquireJ hy Lender,Borrower's right to any insurunce policie+and proccecl.retiulting From
<br /> �� damage to the Property prior to the acyuisition shall pass to Lender ta the extent of the sums secured by this Security Instrument
<br /> • . immediatcly prior to the acquisition. �
<br /> �i 6. Occupancy,Preservation,Maintenance and Protectian of the P�•operty;8orro�rer's i.oan Applicatfon; Lqseholds.
<br /> �� Borrower shull occupy.estublish,and use the Property as Borrower's principul residence within sixty days after the execution of
<br /> , r thi�Security Intitrument und tihall continue to occupy the Property us Borrower's principul residence for at least one ye,�r after
<br /> the date of occupancy, unless Lender otherwise agrecs in writing, which consent shall not be unreasanably withheld,or unless __..-
<br /> �• extenuating circumstances exist which are beyond Borrower's control. Horrc�wer shall not destroy, dumage or impair the
<br /> Property, allow the Property to deteriorate, or commit wastc on the Property. Borrowcr shall be in detault if any forfeiture
<br /> action or procculing, whether civil or criminal, is begun thnt in L.ender's good faith judgment could result in f'orfeiture of the
<br /> � Property or othenvise materially impAir the lien created by this Security instrument or L.cnder's security interest. Bottowcr may
<br /> cure such u detault and reinstute,as providecl in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> that, in L.ender's good faith detennination, prccludes forfeiture of the Borrower's interest in the Property or othcr material
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<br /> impairment of the lien created by this Security Insu•ument ar L.ender's security interest. Borrower shull also be in default if —
<br /> Bonower,during the lonn application process,gave materiuiiy faise or inaccurnte iufutiiiati:�n ar;tatcmenis to i.ender{cs failc
<br /> ' � ta provide Lender with any muterial information)in ccmnection with the loun evidenced by the Note, including,but nat limited
<br /> to, representations concerning Borrower's occupancy of th�Property us a principal residence. If this Security lnstrument is on a _
<br /> ' • � leasehold, Bocro�ver shsll comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the
<br /> leasehold and the fee title shull not merge unless Lcnder agrees to the mcrgcr in writing.
<br /> 7,ProtecNon of Ixnder's Rights in the Property.If Borcawer fails to perform the covenAnts and agreements contained in
<br /> � . � this Securiry Instrument, ar there is a legal proceeding thut may significuntly affect Lender's rights in the Property(such as a
<br /> proceeding in bunkruptcy, probate, for condemnation or forfeiture or to enforce luws or regulations), then L.ender may do und
<br /> � . pay for whatever is necessary to protect the vulue of the Property and Lender's rights in the Property. Lender's actions muy
<br /> include paying any sums secured by u lien which hus priority over this Security Inst�ument, appearing in court. paying
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<br /> rcusonuble attorncys' fecs and entering on the Property to m�ke repairt, Although I.ender may take action under this paragraph
<br /> " 7,Lender does not hnve to do so.
<br /> • � �`� � Any amounts disbursed by Lcnder under this paragraph 7 shall become additionai Jcbt of Bnrrower secured by this
<br /> , Security Instrumcnt. Unless Borrower und Lender a�ree to othcr tcrms of paymcnt,thesc amounts shall bear interest from the
<br /> � date of disbursement :tt thc Note rate and shall be payuble, with iiiterest, upon notice from Lender to Borrower requesting
<br /> payment.
<br /> � ` S.Mortgage Insurance.If I.ender reyuireci mortgage insurance as a condition of making the loan secured by this Securiry
<br /> Instrumcnt, Borrower shall pay the premiums requircd tu muintain the mortgage insurancc in cffcct. If, for any re:�son, the
<br />-� ,; mortgage insurance cuverage required by L.ender lupses or ceases to be in effe;ct, Borrower shall pay the premiums required to
<br /> . ' ' obtuin coverage substantiully equivalent ro the mortguge insurancc previausly in effect, at a cast substantially equivalent to the
<br /> �y cost to Borrower of the mortgagc insurance previously in effcct. from an alternate mortguge insurcr approved by Lender. ]f �
<br /> ;: ' substantis�lly equivulent mortgage insurance coveragc is not availablc. Borrower shall pay ro L.ender each month a sum equul to
<br /> ' one-twelfth of the ye:irly mortg.�ge insurance premium being paid by Borrower when the insurunce coverage lapsed or ceased to
<br /> ,, be in cffcct. L.cnder will uccept, usc and retain thcsc paymcnts as a loss rescrve in licu of mortgagc insurancc. I.oss reserve �-
<br /> � � Form 3028 9190
<br /> � �' Paflo 3 0�8 -
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