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<br /> �: � ��� ��. 9�°-�c►�ie� ;�r ��2 :` �t: .:� -.
<br />:. �� . ` . 5.Ha��or I'roperty Insara�ce. Botmw�shall keep ths i�provements naw eaisting or he�eafter e�cted on the Propeily =_�.` '
<br /> ' ' insvred agamst toss by fue.harards inctuded aritHin the term"extended caveaage"and aay other 6arards.mcluding tIaads or .� ,; , f�� '
<br /> y � ' �:.:-� flooding,for which Leadra requires ins�uance.7t�insurance sl�ari be maintamed'm the amo�mts and for the peaiods that Leader , " �
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<br /> - - - requi�es.'Ihe�e�gsoviding the ins,aance shall be chosen hy Boaow�subject tn Lwder's approval wluch s6all not '� _
<br /> � . . be unreasonably with�eld. If Boaower fa7s ta ma�in ooverage described above, Lenda may,ai I.ender's option,obtain , z
<br /> .. . cov e a a ge to p r otect Leader's aghts m the Pcoperty in accoNance with pazagia�h 7- �.: ` -
<br />_ Ail ias�ance policies and reaewals sLall Ue aoceptab2e to Irudea and sLall include a standard maitgage claase.Lender sha11 :" �
<br /> have the right tn kold the policies and reaewals.U Leaded reqa¢es,Barmwer shaII promgtiY give tn Leudea aIl receipts of Paid ti�• ,`�:,�:-..�.
<br /> ' . . '� premi�s and reuewal nouces.U tAe eveat of loss,Boauwea sUaD give piompt aotice oo t6e msuiance carrier and Lende�I.ender =:�� ;`"'`'. k Y';•
<br /> _ • ' may matce praof of loss if not made PmmptiY bY Bormwer. ��,�,`...-
<br /> ITnle�L�endea and Boimwer othetwise agree m wteting,msurance Pmneeds shall be applied w r�tmation or reQair of the _ 6 :_ —
<br /> ' ` � �Y�S e d,if the resmYation�r repair is�onomically feas�lc and I.e.nder's seaarity is not tessened.lf the restoratfon or � ,�,�:y_ -..
<br /> au � .
<br /> r�rair is not eoonomicaliy feanblc or Lender's s�arity won2d 6e lesseued,the insuraase proceeds shall be applied to the sums : r _—_.
<br /> ;:•' sermred by this Secuiity Instiameat,whetber or not thm due,with any excess paid w Bomnwer.If Bormaer�sadons she ; .••:`Y `
<br /> � Propeaty.or daes not answer within 30 days a notice from I,eaider tuat tLe insarance�ai�has offeaed W set�le a c1aIIn,d� .
<br />�`r� Leudea may collect the ms�aace gmceed.s.Lender may use the proc.eeds ro repau or reswre the PeopertY or w paY sums sec�ued :�.�__
<br /> °' . ' by this SeQUity lnstrumeat,whethes or not thea dae.Zhe 30-day peaiod w�i begin whe�the notice is givea. F ;�'��,Y.�_-
<br /> ��•. ` ]ccation of w al shall not exumd or e ... �.
<br /> ; � ,:• . UWess Leuder and Borrowea othera+ise a�ee m writinS,a�►Y aPP,� Pro� P��P �°n .:.
<br /> -- the due date of the monthly payme,nt�refened W iu ParaS�P�1 and 2 or c,uange the amount of the payments.If�mder paragraPb � --
<br /> , a , �
<br /> �` • . 21 tlfe Pro p e c t y is a c qu�d by L,ende,r,Hnmower's right tn any u�swance pnliaes and pmceeds resuifmg from damage w the ° `
<br /> •` t�r �u�_.
<br /> � � �P�►l+imor w the acs�uisidon shall pass to L�de�r w the estent of the sums secured by t h i s Secaaii�r I n s u n me,n t m►m e d i a t e l y ,; ,� -
<br /> `r. . prior w the acquisition. �, t l�"�
<br /> ". � .`-`; 6.Oocapanc9s Preservatloa.Maintenanceead ProtecNon aYthe Property: Borrower's Loan ApDHcation;l.easeholds. '`•. 'sr, �---.
<br />�,'� ' • '. � gormwer shaIl oc.cupY.establish,and use the Pmperty as Hoaowet's principal residence within sixtyr days af�the execution of ;_ , ��..
<br /> _ �:�
<br /> '�_ . . r.` this Secoriry Instc�ment and sdall contiaue to occupy the Property as Bonower's principal r�sidr�ce far az teast ane year aft�the '°�: __ -
<br />;� --
<br /> � � . . date of occ�pancy,untess I.ender otheiwise a�s in wrioinng, which consent shall aot be nnreasonably withhetd.or unless _--
<br /> � exten�ating cinamostaaces e�cist which�e beyand Bonowa's control Bonawer shall not destroy,damage or impair the Property, __-
<br /> .. altow the Property to deuaia:are,or commit waste on the property. Bomower shall he in defaalt if any farfeitaue actton or , . .—
<br /> � � � proceeding.whethea civ�or crimmal,is begun that in Lend�'s good faith judgment coutd msiilt in foifeiture of the Propeaty oi ,.`. s,.;: �,-:_�"=.
<br /> • � �� athe�vise materiatly impair the]iem created by this SecuritY Inss�sment or Lendea's seauiry interest.Bomower may cUre sach a � �,�;,r•,• �,�
<br />•:.�; � ' � defa�It and reinstate,as pmvideQ in paragraph 18.by cavsmg�e action or pmceeding to be dismisSed wIth a rnling tbat.in '.. ;,:°;��:-..:.,.�-
<br /> ..�, • .�.
<br /> r : • . ` Lender's goad faith detecminapion.Precludes forfeinn�e of We Borcowei's interest in the Prapeatyr or othe,r matcrial imPairment of .. =_
<br /> � the lien creatcd by thi�Seauity Instmment or Lenda's sec�uiry xnteaest-Borrowea shall also be in default if Borrower,durmg the ,_°
<br />- ' � . Ioan application p�cess,8ave mateaially false or inac.carate information or statements to Lea�der(or faited w pmvide Lender with +��:�
<br /> - an marerial informarion m wunecdan with the loan evidenced by the Note. including,but noi iicnited w.representations . .. . • �°,''
<br /> ' • " • � concema�g Bortower's occupancy of the Propeaty as a principal residence.If tbis Sea�rity Instrument is on a Ieasehold,Bomnwer . . `'�:
<br />• � ' shall oomply with alt the provistons of the tease.If Bomnwer acquires fee tiite w the Pmpeny.the IeasehoId and the fee 6tle shall �-__
<br /> . � not merge ualess Leader agrees w the merger�writmg. • ; ,� �`�_
<br /> ' ' 7.Protec�ton of Lender's itig6ts in the Property. If Bomawea faiLs to perform the covenants and agmements contained in --
<br /> . �. � this Secoriry InsWment,or there is a Legal proceeding that may si��rificandy affect Lendar's rights in the Praperty(such as a ., . '
<br /> � � procceding in baNuuptcy,probate.for condemnation or forfeiaue or to enforce laws or regWations).then L.ender may do and pay �: '-.-
<br /> �'' - for whatever is necessary w protect We value of the Praperty and l�ende�'s riehts in the Propeny.L.ender's actions may inciude .. •� ���-
<br /> �.: . . � paying any sums secured by a tien which has piiority over this Security Instrumeat,aDDearu�g in coun,PaYing reasonable , ' r%.'
<br /> , '.:�� atWmeys' fees and eatering on the Property to make repairs.Although Lendet may take action under lhis paragraph 7.l.ender .`
<br /> ,. • � does not have w do so.
<br /> � Any amounts disbursed by l.ender under this paragraph?sball become additional dcbt of Borrower secured by this Securiry
<br /> .. � � Inswmeni Unless Borrower and Lender agree to other terms of payment,these amount�shall bear interest from the datc of
<br /> � ; disburse�ent at the Note rate and shail be payable,wit�interest,upon nouce from Lcnder to Borrower requesting paymen� .
<br /> ��'' ' S.Mortgage Insuraace. lf Lender req�ired mortgage insurance as a condldan of making the toan s�ured hy this Security ,
<br />- `.i � Instnunent,Borrower shall pay the premiums required to ma:s�tain the mortgage insurance in cffect. If, for any reason. the �'
<br /> ' !� mortgage insurance coverage reqnired by l.cnder lapses or ceases to be in eifect,Horroaer shall pay ihe premiums required to �
<br /> � j obtau�coverage substantially equivalent to the mortgage insuiance prcviously in effect,at a cost snbstantially eqnivalent to the �. � . � �
<br /> ' cost w Bonowcr of the mortgage insurance previousiy in effect,from an aItrmate mortgage insurer a�roved by Lender.If •
<br /> � � substanti�ally equivalent mortgage insurance coverage is noi available,Borrower shall pay to Lender each month a sum equal to
<br /> • on�tweffth of the yearly mortgage insurance yremium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> . be in effect l.endcr will accept,use and retain thesc paymenLS as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> ' Form 8028 9l90 ' ' .
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