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<br /> - ' `� � 5. �azard or propaty I�tu�anoe. Bnrmwer shall keep tlie impmvements now exisim� or he�efter erected on the .. . .
<br /> .�I,'.. ` . Pmperty inm�l agaiast loss by fue. haTards insiuded within the temi'excended c:overage'and any other hazatds.inctudinS � - ,
<br /> . flaods or ftoading.for wlrich I.ender requiies iamiaace.This;n�,•�nsp shall 6e mainrained in the amounts and for the periods � . . ' �.
<br /> �{ ` , � � that IBnder teqoires.The insvtanc�cariier providing the insurance shall he choseu by Bormwer subject to Lender's approval e_ : p<•'�: � t.
<br /> `° . . ,, wIrich sbari nat be nnieasonably arithheld. ff Borrower fails to mainrdin coveiage descn'bed abave, Lender may.at Lender's � ``` � ..`
<br />',.' , -
<br /> �� .. `_- option.obrein coverage to piotea Lender's rights in the Propertq in accordance with patagiaph?. . ._
<br /> =�" ` '" All iasuzanre policies and zeaewals shall be acceptable W Lgnder and sUall inctude a standard mortgage claase. L.ender �
<br /> �`' • � -- . � _. sl�all have the right to hold the olicies and zenewals.If Lsnder Borrower shall m tl give to Lender alt recxipts of -- • �
<br /> _ p �M�• F �P Y � �._�,
<br /> t --. _ :;j paid premiinms and renewal nouces.In the event of loss,Borrawer sha11 give pmmpt notice m the insv�ance a►rrier and Leader. � , -.
<br />';i '.," , . `. i Lender n�ay make pmof of loss if not made prampdy bq Boirower. - , .
<br /> :�� . j UWess Lender and Borrower athezwise agree in writing,in�nrance pmceeds shall be applied w rest�nration or repair of the �".�:. °� •:.
<br /> �� . . , ` :
<br /> �`�, . ` . :`.� �P�3►�ged.if the restoration or repair is ecflnomically feas�le and Lender's seauity is not tessened.If the zestoration ar
<br /> :�;:�. , ° � .�.I rePair is not eoonoaiicaUy feas'ble or L.ender's seauity wonid be lessened.the insamnce pmaeeds shall be applied to the sams : .X;'� �."`
<br /> � �by this Se�vrity Insaument, wLether or not then due. with any excess paid w Bormwer. If Boimwer abandons the , ._ . -
<br />��Y' � Praperty.or daes not answer within 30 days a notice from Lender tbat d�ee insa�ance catrier has offeied w setde a cta�,t6en ` , ` ..,-„
<br />:�if. - . .<'c
<br /> _,r � Lender may coIIect the iastuaace Fmcee3�. Lender may use the pmceeds to zepair or restoie the Property or to pay sums °`���`' �.=,-,.--
<br /> �. . secured bp this Sec�ity Insuument,whether or not then dae.The 30-dap periad w�l begin when the notice is given. .
<br /> :�;� ' sball not estend or ' -__
<br /> � Unless L�nder aad Borrower otherwise agree in writinS, anY$PP��ion of pmceeds to principal ';
<br /> ��, postpone the dne date of the mondily payments iefemecl w in patag�aphs i and Z or change the amoant af the payments.If under � �.
<br /> i;�, ght aay ' poHcies aad S�
<br /> '. . . �agtaph 21 the Prapert9 is acquired bY Lender, Borrower's ri to msursnce prncceds resalting from - �•.� ..;:_;:��--
<br /> ��: � � damage w the Property prior to the acquisition s6all pass to Lender W the eatent of the sams s�by this 5ecurity Insmunent f.- . --
<br /> E.
<br />;;�:;' ' � �elY PIIOr to the acquisition �� : - -
<br /> .. . � ` , `�',;-h 6.Oc�pancq,PreservatIon,Maiateuance and Pratedton of the ProPei49;Borrow�'s Loan Appl[cal�nn;l.easeholds. r, ' �. ---
<br /> ai,_ ,
<br /> � Barrower s6aD o�cupy.estab�ish,and use the Property as Borrower's principal residence wit4in si�uY days atter tfle execution of --
<br /> ,��. .. .� � this Secarity Iasuument and sliall wniiaae to occuPY��P�S'as Bomower's principal�sdence for at least one year afrer � -:.- __
<br /> � . . `� � the date of occupancy,anles5 L.ender otheiwise ag�es ia writing,wluch consent sLall not be nnreasonably withhetd.or untess '' ` . i�
<br /> f; . �. • . ; e a t e n u a q n g �i r c u m s q n o e s eaist wluch are 6 e yond Bomower's control. Borrower sball nat destmy, damage or impair the -, mm°�
<br />£ .. . . .'�i
<br /> Boirowet s h a 1 1 be in de f a u lt i f aa fo i f e i t u r e • ,:;•".,;_ �--
<br />.?:;:; � , � ; Propert9,aIlow the PropertY to deteriosate,or commit waste on dte PtoPertS+- y -
<br /> 3.Y' . ` aaion or precee�ng.whether civil or crimiffil,is begun t6at in Lender's goad faith judgment canld�esult in forfeitare of the ;..;- _
<br /> � Property or otherwise maieriaUy impair tfle lien cteated 6y this Sec�arity Tnst�ment or Lender's secarity intesrst.Boaower may , r..• ";
<br /> a'.� ' .. . •:1 wre sach a default and reins�te.as pro�ided in paragzaph 18,bY causin8 the acdnn ar pmceeding to be dismissed with a ruling � ' , _--
<br /> ��. . thab i.p I.ender's guod faith decem�inadon. Precludes forfeinue of the Borro�'s interest in t h e Property or o t h er ma t e a a l =
<br /> ;r: `
<br /> : impaument of the lien created by t6is Security Iasaument or l.ender's sec[uitq intens� Borrower shall also be ia default if .�` , :`�s'�-
<br /> ,�.;'�: ' , . ' Boaower,during the loan anplicadon pmcess.8ave materially faLse or inaccuiate information or statements to Lender(or failed . , . ::::�
<br /> °,;c to pmvide Lender with aay urateeriaal infosmadon)in conaecdoa witb the loan evidencecl by the Nate.iacluding,lrat not limited
<br /> . � •� ':���.:�-
<br /> ;'"` to,reP�esentatioag concesning Bormwer's occupaucy af the Property as a principal msidence.Jf this Security Inst�ament is on a - .�;,�.;:;�:;
<br />.i ,'�-. _' . ' . . . . .,.�t:_'__
<br /> teasehold, Boaower shall comply with all the provislans of the tease. If Baaower acqaires fee dtle to the Property, the � ;.����_^:.
<br /> � leasehold and the fee 6tle sLall not merge nuless I.euder agrees to the merger In wri6ng. .' ' �� ' �, ,,
<br /> � 9.Protecttoa oP Lendes's Riguls in the Properiy.If Borrower fails w perform We covenants and ageements contained in . -�„�T�`
<br /> � � tbis Security Instnnnent.or there is a legal proceedin8 that may significandy affect Lcnder's rights in tlie Praperty(such as a : • � ;�.=
<br /> •• proseeding in banluuptcy,pmbate.for condemnation or forfeihue or to enforce laws or regulations),then Lender may do and . _
<br /> - . . . p a y for whatever is nece.ssazy to protect the value of the Property and Lender's rights ia the Property. Txuder's actions raay . � . __-
<br /> �.�.: ' inclnde payin$ anq sums secured by a tien wtuch has priority over ehis Security Insunment, appearing in wurt. P�Y�ng .. , �•-�
<br /> �►. : - � `! . reasonab2e attomeys'fces and entering on the Prope�ty w make repairs.Although l.ender may talce action under this parag�agh . . _
<br /> ' ::f�• • `' T,Lewler does not Lave to do so. � ' •
<br /> �;:� , pny amounts dishnzssed by Lender uader this parasraph� sha11 became addidonal debt of Boirower secured by Wis
<br /> ,'': ' � Sera�rity Iamumens. lJnless Bonower and Lender agree to other teims of payment,these amounts shall beat intemst from the , .
<br /> date of disbursement at the Note rate and shall be payable. with interest. upon nodce from Lender to Borrower requestiag , •:
<br />�;,,, . .
<br /> V- , : . payment. .
<br /> � '` S.Modgage Ias�aacc.if Lender required mortgage i*+�+,*�*+�P as a condidon of maldng the loan secur�ed by this Security , ..
<br /> ' � ' Instrument, Borrower shall pay the premiums required to maintain the martgage insvrance in eNr.ct. ]f, for any reason. the
<br /> � • � mortgage insurance coverage ret�uired by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to � • •'
<br />- ' obtain coverage su6standally equivalent to the mortgage insvrance previously in effect,at a cost svbstandally equivalent to the .
<br /> � • • wst to Borrower of the mortgage insurance previously in effett. from an alternare mortgage insurer approved by Lender. 1f . •
<br /> ��;.�;� � substanflally equivalent mortgage insurance coverage is uot available.Boaower shall pay w Lender each month a sum equal to _ . •
<br /> ' one-twelfth of the yearly mortgage insurance premium being paid by Bortower when the insnrance coverage lapsed or ceased to
<br /> �'��� , be in effect.Leader will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss teserve _
<br /> � form 3028 919 • .
<br /> � • � ��-8R(NE)�e2�2�.0� Pege 3 ot 9 wua,• , �
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