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<br /> S. Hs�zard oK Property Insurnnce. Borruwer shall keep the in�provements nuw existiug or hercafrer rrected on tUe -
<br /> Property insured ag:tittitit losti by fire,hazards included within the temi "exteuded cuverage" xtid any uA�rr Iiau+rJs, iucluding � -
<br /> fluods ur flo�iding, for which Lxnder reyuires insurance. Tl►i. ineura�x;e shull be maintained in the tunc�un�i and for thr periods�
<br /> tI1N� LCU(ICI INA]UIfCS.T�1C lI1SUTU11l:N CilltlCl pIUVI(Illlb IIIC 11L�LLC7Wl'C�IlilU hC l'IIU:;en by 8onc�wrr xuhjrct tc� Lrndrr's approvxl�
<br /> whtch suall not be unrrasotuihly withheld. If Borrc�wer fuils to maint:tin covemge de+crihed ahove, Lender niay, at Lxnder', � _
<br /> c�ption,obtain coverage ta prateci L.ender's rights in the Prvperty in acec�rdance with pxragraph 7. r► .
<br /> All insutance policies xnd renewxls sl��ll be acceptable tn [.rnder und ,l�all include a�car.dard murcgage clause. Lende�
<br /> shall have the right tu hold the policies�uid renewals. if Lender requires,9onnwer shall prompdy give ro Lender all receipGti c�
<br /> puid premiwvs and tenev�ral notices. In the event af loss,Ranower sh�ll give prompt notice to the i�uur:uK;c carrier and Lende� � _�
<br /> Ixnder mxy n�ake pranf af loss if nat made praniptly by Borrawcr. ••.. �
<br /> Unless Ixnder und Bonower atherwise agree in writing, insurance pruc:eecls shx11 be applied to rearoratiun or repair of the �,,.t
<br /> Praperty damaged,if che restaratinn or repair is ecanamically fe�+ible xnd I.ender's security is not lesscned. If the restamtian or ��.'
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<br /> repair is not econon�ically feasihle or Lxnder's security would be lessened, the incurance praceecls shall be applied to the sums �--�
<br /> seeured by this Seeurity Instrument, whether ar not then due, with any excess paid to Bocrower. If Bunower abandons the �� -
<br /> Property, or does not answer within 30 days a notice from I.ender that the insurance carrier hxs affered to settle a claim, then
<br /> Lender may collect che iatiurance praceecls. l.ender niay use the praceeds to repair or restore the Ptoperty ot te� pay sums „
<br /> secured by this S�curity Instrument,whether or not then due.The 30-dxy period will begin when the no[ice i�givrn. ,
<br /> Unless Lender and Borrower othenvise agree in wridng, any applicaaon of proceeds to piincipal sball not extend or
<br /> postpone the due cl�ste uf th�manchly paynients referred to in parugraphs 1 and Z or chunge the sunount nf the payments. If under
<br /> paragraph 21 the Property is acquired by Lender, Bonower's right to uny ii�.ti-urance policies and proceeds resuldng from
<br /> * damage to the Property prior to the acquisition shall pass to Ixnder to the extent of the sums secured by this Security lustrumeut — —
<br /> immediately prior to thr acquisitian. _
<br /> 6. Oceupancy,Preservation, Maintenance and Protection of the Property;Borrower's Loan Appli.ation; Leaseholds. �,,
<br /> Bonower shull accupy. establish,and use the Praperty as Bonawer's principxl residence within sixry days after the execudon of .py�'.
<br /> � this Security Intiuucuent and shall condnue to occupy the Property:�+Borrowrr's principal re�idence for at least one year after , �:�°
<br /> the date of occupancy, unless Lender otherwixe agrees in wridng. which consent shull not be uareasonably withheld, or unless _ "';��
<br /> excenuatine circumstances exist which are heyond Borrower's control. Borrower shall not destroy, dFimage or impair the �� R� t.��
<br /> Property, ullow the Property ro deteriarate, or canvnit waste on we Yroperry. Borrowcr ahxtt tic iti �fauli if:tny fatfeisure - ,'�
<br /> action or proceeding, whedier civil or criminal,is begun that in Lender's gaod faith jud�uent could result in forfeiture of the ;_�.'
<br /> Propeny or othenvise materially impair t�e lien created by this Security Insuvment or I..ender's security interest. Bonower may ,; ::.":,,
<br /> cure such a default and reinstxte,as pravided in paragraph 18.by cautiing the action or proceeding to be dismissed with a ruling �; ,; , Z�i t_
<br /> that, in Lender's good faith determination, precludes forfeiture of die Banawer's interest in the Property or other material •� '�� �,�`
<br /> impairment of the lien created by this Security Instrument or Lender's security interest. Banower sball �Iso be in default if •
<br /> Borrower,during die Ioan application process,gave ivaterially false or ipxccurate infonuadon or statements to Lender(or failed ,�. . 1
<br /> to provide Lender with any mareriul information)in connection widi die loan evidenced by the Nate, including,but not lirnited �
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<br /> to,representadons conceming Borrower's occupancy of the Properry as a princip�l residence. If dus Security Instrun�ent is on a �"(�
<br /> leasehold, Bonower shall cumply with all die provisions uf the l�ase. If Bonower xcquires fee title to the Properry, the
<br /> leasehold and the fee tide shull not merge u�iless Lxnder agrees ro die merger in writing. '�at�e+'
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<br /> 7.Protection of Lender's Rights in the Property.If Borrower fails to perform the covenants and agreemeut�c contained in �„�„„__
<br /> - this Security Instrument, �r there is a legal proceeding thut may significuntly affect Ixnder's rights in the Property (such as a �:��-
<br /> proceeding in bankruptcy, probate,for condemnation or forfeiture or to enfnrce laws or regulaaous),then Lender may do and 'v,�-.:.�—
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<br /> pay for whatever is necessary to protect die value of the Prnperty and Lender's rights in the Properry. Lender's acdons may �,
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<br /> � include paying any sums see:ured by a lien which l�au priority over this Securit Instrument, a peKrinb in court, .s in ��_�__
<br /> reasonable attorney� fees and enterinb on the Prc�percy to raake repairs. Although Lender may take acrion under tliis paragraph ,`�,;;;:���...r�,.��
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<br />_ 7,L.ender does not liave to do,o. .u-�����--
<br /> _ Auy aniounw disbursed by [.ender under diis parngreph 7 shall become additio��►1 debt of Borrower secured by this � ^ k � .�
<br /> Securiry Instrument. Utiless Borrower and Leuder agree to other tem�s uf paymeut, d�ese xmounts shall bear interest froni the
<br /> dxte of disbur�ement at die Note tate attd shall he payable, with ititerest, upon notice frnm Lencierto Bunower requesting �rt3ti�j��ti�'.�"`Y.•
<br /> payment. . . ..
<br /> 8.Mortgage Insurance.!f Ixnder required ntortgxge insurxnce d�a condition of making the loan secured by this Security
<br /> - Instrument, Bonower shall pay the premiums required to nixintxin the mortgage ituurance in effect. Ix, for any re�uon, the � �� �
<br /> " mortgage insur�uice coverage required hy Lxnder lapse�or ceases ta be in effect, Bunower shall pay the premiums required to �
<br /> • ob[ain coverage substantially eyuivalent tu the niongage insurauce previously in effect,at x cost substantially equivxlent tc�the
<br /> cost to Borrower of the mongage insursnce previously in effect, from an alternate mottgage insurer apptoved by I.ender. If
<br />= substantially equivalent mongage insurance coverage is not availahle, Bonower,liall pay to Lender e;�ct�mondi a sum eyual to I
<br />_ + one-twelfdi of the yearly mortgxge insurxnce premium heing paid by Borrower wl�en tlie insur:u�ce coverage lapsed ar ceased to �
<br />_ � be in effect. Lxnder will xccept, use and rewin these pxymenG,as a loss reserve in lieu ��f mongage iiLtiurance. Lo�s r�serve
<br /> iForm 3028 9190
<br />- ��6RINEl ies�si.oi P�qe 3 of B �ryu+�+����
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