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<br /> ' � ' ' ..� on the <<.,...,'�s� • H`�t
<br /> • , ` ',' S. �[azard oe PropeNy tnsurnn�. Bc�frn�vcr �hati kecp thc improvements no�existing or hereaRer e,rected
<br /> �•} � `� Property insured agai�st tass by firc.hatard� induded �vlttun thc tcrm "cxtertded covcrugc"and any otRer ha7�uds. including C� `, '�,
<br /> • ,� ftoods or flaoding,fas which Lsudcr n�yuin�insurancc. 'fhiy intiuranrc ihall be maintair�ed in the amuunts and for ihe periods� •�'�F,-�.-,;:�`�
<br /> � . ,t that Lender requires. The insurancr rvrier prc�viding�hc in�urancc�hali bc chosen by Borrower xubject to Lender's approval� -�<i'; : '
<br /> .. ; 4:- ' which shall not be unrraaon:�bly �vi�h6etJ. ti �urrower fai1� tn maint:�n ooverage described above, l.ender may.at Lender s� . ..� ,• . ,
<br /> ' .:�� option,obtaia coverage ta prutec!Lcader'�ri�hi�iu�hc Pruperty in aa�ni•rrtce with paragraph 7. ; � _��_
<br /> . . i Ali inswance policies and r.netivats shall be ac�rptahle to I.endcr und �hall include a standard mortpge ciause. Lendec 7 t `�.n�Y.
<br /> . shall have the ri�t to hotd the pc�licie�and renc��al.. li'I.cndcr rcyuirey,Burn�wer tihall promp dy give to L e n der a l l recei p t s of � :
<br /> ;.� .;:`' �.. � � :r paid pmmiums und remwal natices. In the evcat ai lus+.lior��+ver ehaB give pmmpt notice to the insurance carrier and l.ender.• ` ,'
<br /> ,_- . Leader may make proof qf toss if not m;uJe prun�pdy hy(3nm��c��r. •� .,:'. . .-.
<br /> • • � Unless L.ender atid Boma�ver nthccwise c�rcc in�vritiub. in�ar�ncc pmrecds s1►all be applied to restora►ion or repair af the �`� r. :.. �•:..��:�;
<br /> � ` `'. � Properq+damaged.if the restoration or rcp;�ir iti c.v�n��mia�lly fca�iblc anJ Lcnder's security is nat lessened.If the restoration or .� _,i;,_•
<br /> ' repair is not econamicalty feasible�or Le�der's�ecuiity ���nuld be Icssened.the imurai►ce proceeds shall be appl;ed to the sums 'j•; �'__
<br />;_•Y . , _ secured by tlus Securiry Instrument, whether .�r n��t �hcn duc, with any cacc.+s paid to Borrower. If Boaower abandons the . . ,,. ..,,;.;.�.,, .
<br /> , . • Property,or does nnt answer within 3U dayc a nntice from l.cndcr�bat thc insurancc curricr has offered to settle a claim,then —_i
<br /> :� ���� . L.ender may collect the insurance proaxds. Lensler may use the pmceeds to repair or rcstare the Propeny or to pay sums - -
<br /> �' � ,. � � :� secured by this Security Instroment.whether os nnt then Jue.Thr 3U-day pedad will begin when the notice is given. .
<br /> _ , '� s Unless l.ender and Borrower othenvise agree in writing. :u�y applicatlnn of praceeds to principal shall not extend or ��:_
<br /> .. F�.,_�.:.
<br /> • .� postpane the duc date of the�nonthly payments retemxf t� in puragraphs 1 and 2 ur change the amnunt of the payments. If _
<br /> � . .:�;.'8 under paragr�aph 21 the Praperty is acquircd tcy l.ender. BoR��wer's right tn any insurance policies and proceeds resutting from � , '
<br /> , •---;`-- �•--�,� damage to the Property ps+or ta�he xquisition shall pasti to I.et�dcr a��he extent uP the wms secured by this Security Instrument �r�-`•'�•:- _+_�
<br /> � .,,,.•`,� immediately prior to the acquisitian. � • '.��-=-
<br /> 6.Occupaacy.Preservation,blaintenaRCC und ProtectEon oi Ihe Propertyi�o+�«•�''��an Appiication;Leasehotds. �:� .l s._
<br /> � ' � .'�� Borrower shall accupy.establish.�nd use the Propeny uy Bi�rrawer'r principal residence within sixty days after the execution of ��:.,�-
<br /> �:i �'•�._ �
<br />::.:= ` ° ���';; � this Security tnnru�nent u�►d shall continue to uccupy the Pn�peny a+Borcowci s principal r�sirlence for at least ane year after ��.�...e:w
<br /> .X; ..,�._ .:.,
<br /> , the date of accupancy.unless Lender athenvisc ogrees in writiub. wl�id�can�cnt rhall not be unreasonably withheld.or un[ess ;���� �:
<br /> : extenuatin� circumstances exist which are bcyand Barrower'� umtu�t. Bnnower shall rtot destroy, damage or impair the __
<br /> �' � � Property, altow the Property ta deterioratc, or cammit watitc�m the Property. 13nttnwcr shall be in default if any forfeiture _ __
<br /> ; r ` actian or pmceeding, whether civil or criminal,is 6egun d�at in Lcnder'y go�id fuith judgment could result in farfeiture of the — ,.�
<br /> . •, Property m otherwise materialty impair the licn crcated by thi�Security lnstrumcnt or Lendcr's securiry interest. $orrower may . , �
<br /> � � cure such a default and seinstate.as provided in paragrsph l8,by causing�hc ac�iosi or prcxeeding to be dismissed with a rnling ;; _
<br /> ` ' that, in Lender's goad faith determination, prccludcs farfeiturc nf thc Borruwcr's intcrc+t in the Praperty ar other material : . �'�--
<br />-� Y' � impairment of the lien crcated by this Security Instn►ment or l.ender's.ecurity interest. gnrrower shall also be in defautt if '�.� ;; ~
<br /> -.'� - - . Borrower,during the toan applieation procass.gave materially false or in:►ccurate infi►rmatian or statemems to l.ender(or failed "� ���-"`
<br /> :., • . . , :��•. :._
<br /> ;, T �� "� to provide Lender with any material information)in connectian with the luan evidencul by the Nute,including.but not limited '. ����'•,-:.�,
<br /> � to.representations conceming Burrower's occupancy of the Praperty ur U priacipat reyidence.It this Security Instrument is on a ,._.:•;�,_.,
<br /> �� • leasehold. Borrower shall comply with aU the provisions of the tca5c. If Borrower acyuirer fee title to the Property. the �:. _-.``�.
<br />� � � leasehotd and the fee titic shall not merge unless Lendcr ugrcex to►hc mcrgce in writing. • ���
<br /> :. �.::
<br /> �-'� � 7.Fcotection oY Lender's ltights in the Property.lf Barrower fails to perforsn the a+venants nnd agreements cantained in �:.: •-
<br /> :;�.., :�� � ' this Security Instrument.or them is a legal proeeeding that may significanfly aifect Lender's rights in the Property (such as a �`-�=��-•-=___
<br /> = ' � proceeding in banlcruptcy.probate,far condemnation or fi�rfeiture or to cnfarce laws ar regulations),then Lender n�ay do and ----
<br /> � � � pay for whatever is necessary ta pratect the value af thc Property and LencMr'�:rights in the Property. l.ender's uctions may _
<br /> g' . . �� • include paying any sums secured by a lien which has priority uver t hi.r Security Ias trumc n t. t�p p e a r i n g I n c a n rt. p a y i n g --_
<br /> °'::��' �•,�• � rcasonable attomcys' fees and entering on thc Froperty to makc repairs. Althaugh Lcnder may lake nction under this paragraph *��"° :. 4 ,:-`_��'-
<br /> � 7.Lender does not have to do so. �'''�'i-
<br /> . . . Any amoants disbursed by l.ender undcr this paragraph 7 tihall hecome udditional ctcbt uf Burruwer secured by this ._ -.,
<br /> " • _ .�: Security Instrument. Unless Barrawer and Lendcr agrce to nthcr tcmis ui paymen�. �hc+c umount�Fhall bear intcrest fmm the .. . . • .
<br /> • date of disburscment at thc Note rau snd shall bc payablc. with intcrc�t, upnn noticc frum I.endcr tn Borrower rcyucsting ..
<br /> payment. , .'
<br /> "�'r�•� � � . 8.Mortgage insurance.If Lender required mortgugc insura�xe a�a cundi�ioi�af n�akiug ihc luan sccured�►y this Security "".
<br /> ' � • lnstrument. Bc>rrawer shall pay the premiums reyuiral to maintain the mortgage in+urance in eff'ect. If. fur any rea�un. the ,: ,
<br /> ;.j�•• mortgage in.wrsinnee wverage reyuired by l.encler lapaes ar cwses to be in efFect. Burn►�ser r,le�U pay lhC ptCmtllnts requliGl tn .-
<br /> � obtain coverage substantially cquivalent tn the mortgage insurance previaurly in cifcc�. ;it a cu+t +ub�t:uuiallY c4uiv�lent to the ��`�; ,
<br /> � � � � � . cost to Barrmvcr of thc mortgage intiurancc ptcvioutily in effect, fr��m.m altcmatc u►unhugr �nrurcr appn�ved by l�;ndcr. If �
<br />";1',•: � �� subst�niially equivalent mortgage insurunce cuverage is not avuilable,liorcuwer ahall pay tu I.cndct c;Kl�ownti�a tium equal to . • �•
<br /> �. � onc-�wclfth of the ycarly mortgagc insurancc prcmium bcing paid hy Hurruwcr�vhcn�hc imur.u►cc c��vrragc lap�cd i+r ccascd tn : .
<br /> be in efTcct. l.t:nder will accept,use and retain these payments ati J Iliiti rc�rrve in lir�� ��t murt�;:ige intiura�rce. la�,s reserve � .. .
<br /> Form 3028 919C �
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