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<br /> � 5. �lazard or Prap�ity Insvrance. Borrower shall keep the improvements now existing or heceafter ezected oa the .. , ��
<br /> . � prupetty itrsttred agaimt tass by fire.hazards included within the tetm'eactea�ded cove[age' and any other ba�ards. inctading ' •�''`",
<br /> . � � Aoods or flaoding. fOi�ffLiCll I.COdC!iCQI11T'65 incmm�rg.T6is imsvtance sLall be�,a;nr�;ngt in the amounrs and for the periads � .. � ;.�;
<br /> � ` ` that Lender requires.The intivratue cariier pmviding the imwa�ice shall be cflosen by Bocrower sabject to Lxader's�pproval .
<br /> -- . , - whish shall nat be anrEasonably withheld. [f Borrower fails to maintain caverage d�scribed aba�re. Lender may. at I.ender's � f� ;__. _
<br /> � option.obtain coverage w pmtecx Lender's rig6ls ia thc P�+ngecry in acoordance with paiagraph 7. � F � `
<br /> • Atl iasutance policies aad renewals shaU be acxsptable to Lender and sbaA inciude a standard mortgage clause. Lender � .'4 ,:
<br />� .: . - shall 6ave the rigbt to hold the policies and renewals.If I�nder regui�es,Borrower shall P�P�Y F&�e tn Ixuder aU receipts of t� '�'r L�,.` �.
<br /> �. paid premiums and�nearal aotices.In the event of loss.Bormwer s6a11 give prompt nntice tn the insoiance canier and L.eu@er. � • ,.�..
<br /> . Lender may make proof of lass if uot made promptiy by Borrower. ' <
<br /> � . . � . UNess ixnder and Bomnwer otheiwise agiee in writing,+r�,�n�proceeds shall be applied to ceswrationor mpair of the �. . <. ° �y°, --
<br /> r_ • '--
<br /> PmPertY dama8ecl.if the iestoiation ar t+epair is ecounmicaliq feas'ble and Lender's secaritq is not lessened.If the reswradoa or . t .
<br /> �'� repair is not economically feasible or 1.$nder's secnritq would be lessened.tI�e inti-atance pmceeds s�aall be applied w the sams �� .�.. `,, � •'�•_�
<br /> • secored hy this Secarity Insm�ment. whethsr or nnt then dne, with any e�ess paid to Boirower. If Borrower a6andoas the . - -.
<br /> � ' ` PropenY.or does not aaswet withia 30 days a no�ce fram I.cnder that the insuiance carrier I�as offeted to seule a claim,then
<br /> �f Lender maq collect the insurance pmceeds. I.ender may nse dne pmceeds w�epair or restore the Property or to pay soms . ;_
<br /> • sec�ued by this Se�vrity Jamament.whether ar not then due.Th�30�ap peaad will be�n whea the aodce is given. . ' •`��
<br /> � � UWess Lendet and Borrawer othelwise agiee in arritin8, anY aPPUcauon of pmceeds w piincipal shall aat extend or
<br /> . ` • •�.
<br /> - � postpone the due date of the monthly payments refeised to in pazagtaphs 1 and 2 or c�ange the amonnt of the payments.If ander =_
<br /> _ ..-'f`-� paragraph 21 the Property is acquiced by Lender. Borsower's right w any insviance policies and proceeds resvldng from ` ':� �-- . _
<br /> .. � .:� damage to the Pmgert9 Prior to t6e acquisitioa shall pass to I.ender to the extent of the sums secured by this Seauity Inst�ent ' ' ' `-—_.
<br /> ,, :�r�.. -
<br /> :i , ' ; immelliatply�Ot IO thC SCQUL41t[On. � � ." 7�"r.=
<br /> - ' . 6.Ocrt�ancy,Pr�servation�Mainteaaitce aud YrotecNon of the Propert93 Borrow�'s Loan Appi�cation,I.easehot�. a.' , ;.---
<br /> - �� • � Boaower sball acc�pq.establisb,and ns$the Property as Borrowu's principai residence within sixty days after the eaecadon of _�_���
<br /> . ` this Seco�ty I�ent and sl�all continne to accapy the Pmperty as Bosmwer's principal residence for at least oue year after �y`�� : ', �--
<br /> ' the date of occapancy,nnless Leader oti�eswise ag�ees in arriting,wiuch cansent shall not be aateasonably vvitbheld,or nnlesa - •�=
<br /> , _. extermating circamstaaces exist wlrich are beyond Borcower's conuoL Bo�rowe,:�shall not desaoy, damage or impair the . ---=
<br /> . . . ' Property,altow the gtoperty to deterioiate. or commit waste on the Propezty.Bonower shall be ia debnit if a�r forteltune �'
<br /> ' � � aclion or proceeding,whether civil or cr�€Eil,is beg�m that in lxnder's good faith judgmeni caald�svlt jn forfeitore of the � •
<br /> ' �P�Y or otherarise materially impair the�en cieated by tHis Security Instrtmient or Lender's secutity interest.Bonower may ::•:�t�".
<br /> ,;; , • cate sach a defanit and neinstate.as provided in paragraph 18,by causin8 the action or proceeding to be dismissed�cith a tuling .• ._•y,r�
<br /> '�: . . • t6at, in Lendec's good faith determinatian, Preciudes forfeiture of the Borrowes's interest in tiie Prapertp or o�material . --_ - .�:
<br /> impaim�ent of the IIen cnated by t6is Securiry Insuument or Leader's secvrity interest. Borrower sbaq also be in delanit if , _.-`�-"
<br /> , . � Borrower,dnriag the loan application pmcess.gave materially false or inaccnrate info�tion or statements to L�n der(or f a i l e d : _�`:«;�_
<br /> to provide Lender with atry material infoimadon)in connecdon with the loan evidenced by the Note.including,lmt not limited :;�,°:
<br /> . � .; to,representadons conceming Borrower's occnpancy of the Properly as a principal residence. lf tLis Sewrity Ias�tnmaesu is on a � „ �. :�-j-
<br />. , .� leasehold, Borrower shail coa�ply with aU the pmvisions of the lease. If Borroarer acquires fee 6tle to the Property, the . : --
<br /> ; . .� 1eas�hotd and the fee dde sball not merge un2es4 I.ender agrees to the merger in writing. . . �=
<br /> 7.Protedion of Lemder's Rights in the Properiy.{f Borrower fails to perfarm the wvenants and asreemeau contained in r,,,:=
<br /> - � ' '.� � this Secarity In�trument, or there is a legal g:aceeding that may signiScanHy affect Leridec's righu in the ProPertY(such as a . ,. .. '�',
<br /> � � .� � proceeding in banlauptcy.probate, for condemnadon or fort'eiture or to enforee laws or reguladons),then Lender may do and . '"� �. - '
<br /> � � - � pay for whatever is necessary w protect the valne af the Property and Lender's right�in the Property. Lxnder's acdons may �� � _
<br /> � ' .. inctude paying any sums set�recl by a lien whicl� 6as priority over this Secnrity Ins�ament. appearing 9a court. paying �• : • •
<br /> . : ieasonable attomeys'fees and entering on t��Property to make repairs.Although Lender may take actioa under t6is paragraph . �„ '�: ,
<br /> . .. 7,Lender daes not have w do so. � � .
<br /> ���:,; • My amounts disbursed by Lender under this paragraph 7 shall become additionai debt of Bonawer secured by Was ' . ' "
<br /> � • � Secarity Ingtrument.lJnless Banower and Lender agree to other tenns of payment,these amounts shall bear interest fram the . . �
<br /> date of disbnrsement at the Note rate and shall be payable,with interest, upon nodce from Lender to Borrower reqaesting � . •.
<br /> �, . �. • paymen� � .
<br /> •" ' S.Martgage In4urance.If Lender required mortgage insuraace as a condidon of matcing the loan secuted by this Sectuity � --
<br /> � • Instrument. Boaower shall pay the premiumc required to maintain the mortgage insvrance in effect. If, for any reason, the � �
<br /> . �artgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to . .
<br /> ` obtain caverage substantiaily equivalent to the mortgage i;.surence pn.wiously in effut,at a cost substantially egaivalent to the
<br /> � cost to Bonower of the mortgage insvrance previously in effect, from an altemate mortgage insurer approved by LenJer. lf
<br /> " . � substantially equivatent mortgage insurance coverage is nai available. Boaower shall pay to l.eader each month a sum equal to � .
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Boaawer when die insurance coverage lapsed or ceased to •
<br /> �,`� � be in effect. Lender will accept.use and retain these payments�.s a loss reserve in lieu uf mortgage insurance. Loss reserve � .
<br /> � Form 30 9J90 .
<br /> . ' ! ���BR{NE)�ai�2�.o� vaqe s oi s in� r . .
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