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<br /> 1 5.Hpza�d o�Frope�ty IInsurunce. Sorcower shall keep the imgrc�vemenis now cxisting o��r herenft����PropertY � -
<br /> insured against toss b� fue. hnzards includad within ttie term "extended coverage" and any other ha•r.ords, including floods or � '� �
<br /> flooding,for whlch Lender rcyuires insumnce.This insurencc shall be malntalned in�ha emounts and for thc pr,riods that Lcndcr , <<,
<br /> � require.s.'Ihe insurunce �arrier provid'ang Ihe insurance shaU be chosen by Borrower subJect to Lender's approvnl which shall not "'��"'�'� .
<br /> be unrcasonably wIthhcld. If Borrowcr ftuls to maintain coverage describcd ubove, l.cndcr may, at Lc�zQer's option, o6tain •��_�
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<br /> coverage to protect I.ender's rlghts in the Property}n eccordance with para�rmph 7. '="�.-_
<br /> :., Atl insurance polIcies and renewals shall bo acceptable to L,ender and shuU irtclucie a stendard mo�age clause.Lender shall �'i6��';'
<br /> have the right to hotd the pallcies and renewals.If Lender r«�u'ucs,Borrower shall prompily give to I.ender all receipts of pald ''�''" '
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<br /> premiums And renewal notices.In the event of loss.Borrower shaU give prompt nodce to die inswance cnrrier and Lender.Lender �;{
<br /> may make proof of loss if not made promptly by Bosower. - �'�"""�"'-
<br /> Unless Lender and Borrower othenvtse agree in wridng,insurance proceeds shall be applied to reswradon or repstir of the . :�=`'��_�-�''`-'`
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<br /> Pragsrty damaged,ff the restoration or repair is economically feasible and L.ender's security is not lessened.If the restoratian or ~��-�__
<br /> ca_:-
<br /> � repair is not econamically feasible or Lender's seaurity woWd be lessened, the insurance proceRds shall be applied to the sums ,�-
<br /> secured by this Secucity Instnunent, whethcr or not then due, with any excess paid to Borrower. If Borrower abanduns thc �
<br /> Properry,or does not answer within 30 days a nadce from Lender that the insurance carrier ha4 offered to setile a claim, then
<br /> � I.ender may collect the insurance proc.eeds.Lender may use the proceeds to repair or restore the Property or to pay sums secured �3:_
<br /> i by this Sccuriry Instrument,lrheiher or not then due.The 30-dey periad will begin when the notice is given. . _
<br /> � Unless Lender and Borrower olherwLse agree in wridng.any applicadnn of proceeds to principal shall not extend or posqwne
<br /> the due date of the monthly payments reFermd fo in para�aphs 1 and 2 or change the amount of the payments.If under paragraph ..
<br /> � � 21 the Properiy is acquired by Lender,Borrower's right tn any ins�ra►►ce policivs and pmceeds resuldng from demage to the _
<br /> � Property prior to the acqulsidon shail pass co Lende�to the extent of the sums secumd by this Security Instrument immadiately
<br /> • � prior to the acquisidon. ���R
<br /> ' ''� 6.Occupancy,Preservatlon�Maintenance and Proteetion of the Property; Borrower's Loan Appllcation;Leasehold�. :_��`
<br /> Barrower shaU occupy.estab1Ish,and use the Properry as Bo�rower's principal residence within sixty days after the execudon of �:,��
<br /> : �.�. this Security Instrument and ahall condnue to occupy the Property as Eoaower's principal residence for at least one year uf�r Ihe `�:� t�.
<br /> date of occupancy,unless Lender otherwise agrees in writin8. which consent shall not be nnreasonably withheld, or unless �„#f��" ,.�
<br /> � extenuating circumslances exist which are beyond Borrower's control.Borrower shall not destroy,damage ar impair the Property, , �
<br />__ _ _.__,__ �Q� � p�� � ��,�}�P,4r mmmit wac�e��n the Properey. Borrower shall be in default if any forfeiture action or ._� _
<br /> procecding,whether civll or criminal,ia begun that in Lender's good faith judgment could result in forfeidue of the Property or __
<br /> atherwise mate►1aUy impair the lien created by this Security Insuument or Lender's securiry interes�Borrower may cure such a y, ;�=
<br /> default and ninstate, as provided in psra�aph 18,by causing the acdon ot proceedin8 to be dismissQd with a rullng that,in t :`�,
<br /> Lender's good faith dete�minadon,precludes forFeiture of tho Borrower'R interest in fhe Property or othur mate:ial Lnpaim►ent of _
<br /> the lien created by Ihis Secwity Instzument or I.ender's securIty interes�Borrower shall also be in defanit if Borrower,during the �•�'
<br /> loan application proces.�,gave materially false or ineccurate informatton or statements to Lender(or failed to provide I.ender with
<br /> any materlal lnformation) in connecdon with the loan evidenced by the Note, including, but not limited to. representations i 1 `-'
<br /> concea►ing Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a leasehold,Borrower ��.��
<br /> �� shall comply with all tiie provisions of the lease.If Borrowex ecquires fee dde to the Property,the leasehold and the&x tide shall �� , _
<br /> not merge unless Lcnder agrees to the merges in wrieng. •
<br />- 7.ProtesUon ot Leader's Rights(n the Property. If Borrower fails to perform the covenants and agreements contained ln .�„�
<br /> this Securiry Instrument,or theae is a legal praceeding that may significantly affect I.ender's dghts in the Property(such as a "�
<br /> � proceeding in banlauptcy,probate,for condemnatlon or forfeiture or to enforce laws or regulations),then Lender may do and pay _---
<br />�� � far whatever is neccssary w protect the value of the Property and Lender's rights in the PmpertY•1-ender's acdons may include - _
<br /> � PaY�B �Y suRes secure� by a llen which hes priority ove� this Sc�urity Instrument, aPpearing in court,Paying reasona6le :,.:,-=
<br />- � , atLomeys' foes and enteting on the Properly w make repairs.Although I.ender may take sction under this paragraph 7.Lender '` _
<br />- � does not have to do so. :`.R:==- --
<br /> - • :; My emounts diabwsed by Lender under this paragraph 7 shall become adslidon�l debt of Borrower securecl by this Security •:,�,`��•_,; �}
<br />- InstNmen� Unless Boirower and I.ander agree to othc�teims of payment,these amounts shell bear intemst from the datc of --_
<br /> � disbursement at the Note rate and shall be payable.with intemst,upon nopce from Lender�o Borrower mquesting paymen� �',.;��:-�----
<br /> • 8.MortgA�e Insurance. Yf Lender required mortgage insurance as a condition of making 1he loan secured by this Securiry - -_°--�-�-°•_
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<br /> - • .. Instrument, $ocrower shall pay the pre,miums requlred to mainteii► the mortgage insurance in effect If, for any rcason. Ihe ����,r�q�m
<br />- � mortgage insurance covernge mqulred by Lender lapses or ceases to be in effect,Borrowu shall gay the premiums required to �" r6:
<br /> � obtain coverage substanaaily equivalent to the mortgage insurance pPeviously in effect, at a cost substantielly equivalent to the ��:� '�7 '�` rs
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<br />- cost to Borrowar of the mortgage insurancu previous1y in effect, from an alt�mate mortgage insurer approved by Lender.If �,,:_,.x�,�v��-., ,
<br /> substandally equivalent mortgage insurance coverage is not available,Borrower shall pay co I.ender each month a sum equsil to ��, ,{.�,'.:'
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<br /> • one-twelfth of the yearly mortgage insurance prensium being paid by Bonower when the insurance coverage lepsed or cea�ed to : .��};�,;
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<br /> , be in effect Lender will accept,use and retain these payments as a loss mserve in Geu of mortgage insurance.Loss reserve
<br /> ' Form 3028 9100 . �
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