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<br /> ' �� �� . 5.Ha�ard or PropertY ansurance. Bamnwea shall kee{►dce�avements now eaisring or heieaftrr e�cted on ihe Propeny ` � . .`;! -..<`.
<br /> 8a ar •�
<br /> � • "i �s�ed aSainsc loss by fae. da�ards included within the te�m "extended cavecage and any othea haa�rds.inciuding floods or '., t_ _
<br /> ._.i flaoding,for which Lendet requires insivance.'IUis insur�ce shall be mamtained"m the amaunts and for the peiiods that L.eadar ` ' �.� .
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<br /> �"� reqaires.'Ihe in�uanoe ca�riei Providm8 the insurance shaA be chosea by Boaowar snbject to I.ender's approval which shall not ._,_-_... . .;:
<br /> � - -,�—, be �mreasaaablY withheid. If Boaower fails to mai�►tam coverage descn'bed above. Lender may, at Leadcr's apdon,obtain __- , -.`�L-`
<br /> '� cov�age w pmtect Leader's righis in the Property in aa:ordance wit6 paiaSi'dPh 7. < . '�-_-�
<br /> ; �AII insurance policies and renewals shall be acceptabte to Lender and shall include a standard mortgaSe clause-I.endes s6all . .��`:
<br /> " tl ve w Ixuder all receipts of paid . •. :;�t...Z-
<br /> have the right to hold the policies aad re�wats.If I.ende�r iequires>Bomnwer shall PromP Y S� . , :=:�•.
<br /> . . premuuns and reaewal notices.Ia the eveat of toss,Boaowea shall gi++e promPt notioe Lo the msmance�and Lenda.Lender -, . _.•_= i
<br /> �... �.
<br /> � �-�, -_.
<br /> . 'i may make pmo f o f t o s s i f noi made p r om pil y b y Boaaw�. ���pHed oo restoraiian ar repaar of the • --
<br /> , Unless I.endea and Borrower otheawise agnee in writing,ins�uance Pmcec�s _ ., . _- -
<br /> . � Pmperty damaSed.if the rest�tion or�epair is economicallY feasrble and Lender's sec�ity is noi le.gsened.If the restmation or --_ -_,
<br /> �; repair is not economic�lly feasble or Lender's security wonld he le�ed.the insn�ce Proceeds shaII be applied to the snms
<br /> . .�._,,.. . . ,�,.:•
<br />� , se�wced by this S�ity Insuumwt, whethea or not then dae, with aay exces�paid to Borrower. tf Bom�wer aharidons the � ,' -. : ,..
<br /> . -- Ptopeaty,ar does not answer wit�in 30 days a norice from Lender that the ins�rance curier has offeaed w seule a claim,then ��� - .,, :``
<br /> � I.c n d e r may coll e c t the ins�uaace P ro c e e d s.l.ender may use the pmceeds to repair or resroie tlie PmP�Y��PaY�� ,.;�i� : .
<br /> . . ' S ' Instmment,whetheror notthen due.'Ihe 3Mlay pcaind wU begin when the notice is given. *;•.,.�y. , _��
<br /> ' by this ec�uccY lic�ation of ta al sltall not extend or postpone
<br /> . . Untess L.ender and Borrower otheawise agree in writing,anY ePP P� PnQ� ���`��:;:"`�
<br /> - . /'`^� the dae dane of the monthly paymen i and 2 as chaage the sinount of the paymentg.U ande�pa�aSraph � �;:,.
<br /> ts nefared m m patagraphs � g from e to the a� ' `'
<br /> '. . 21 the PropertY is aalu'ued by I.ender,Brnrowea's right w any ius�ance palicies and ce�ds res�iltin dama8 ';�—...�!:
<br /> . .�.
<br /> ' ' piroperty prior to the arquisiuon shall pass tn Lendec tn the e�tt of the sums sec�ued hy this Security Insuume,nt immediately ,..,'._:: '��_.�
<br /> , . .�.�.
<br /> `�'•� prior to the aequisition. " , �'�`.4'��':.
<br /> � ' ' 6.Occnpancy,PreservaHon,Mamtenaace and Pratedton oY t6e Property; Borrower's Loan Appliratton,Leaseholds. ;�4.�
<br /> Borrawea shall accupy,establis�i.aud ase the Property as Borrower's principal residence witdin sixty days aftra the exeaition of ` ������.:"
<br /> • this Seauity L�suament aad shall coatinue to oc�upy the Ymperty as Barrowa's principal residence far ai tmst one yeai after the . . �;�
<br /> '��i::
<br /> ` . ' date of accupancY, �nless Lender othawise agrees in writiag,which wnseni st�all noi be unreasanably withheld, or unless ��.I. . �,--_
<br /> extenua6Ag circumst�ces eaist which are beyond Boimwa's controL Hom�wer sha11 not destroy,damaSe or impair the Propaty. . _
<br /> • � ailow the Pcoperry to deteaiorate,or wmmit waste on the Pcoperty. Harrawea st�ail 6e in default if any forfeidue aetion or : :;'::_�
<br /> P�inB,whether civil or crimma�,is begun tl�at in Lender's good faith judgment could resalt in forfeiAue of ti�e Pmperty or . �'+. '_`�� _---
<br /> ' otheiwise materially impair the lien createA by this Secudty Ins�ume,nt or I.ender's seaaity interest Bonower may cure such a ';''•.';�,�-:.
<br /> wis
<br /> � default and reiastate.as provided in paragraph 18.by causing the action or praceeding to be dismi�sed with a niling thai.in
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<br /> . Lend�'s good faith determinatian,Preclndes forEeiture of the Boimwer's interest in the Properiy or other material impairment of ��
<br /> , ina "'�.
<br /> . - the lien ereated by tLis Sec�uity Iasdument or Lender's security inuaest.Bomower shaU also be in default ff Borrow�,daring the .�.'�:,,
<br /> loan applica9ion pracess.gave materialIY faIse or inaceurate infom�auoa or statements to Lendea(or faled to provide i�endes with ; ` �
<br /> any material informadon) in com�ection a+ith the loan evidenced by the Note, includII►g, but not limited to, representations :•�;.:
<br /> . '� canceminS Borrower's occupancy of the Propeaty as a principal residence.If this Security Instiument is on a lessehold,Borrower ` . -.,��._,'
<br /> • � . • shall comply with aII the provisions of the leasc.If Hoirower acquires fee tide w the PropertY,the teasehold and the fee 6t2e shall • • =.�-
<br /> not merge aatess Lendec agrees to thc mc�ger in wridng. : ;.-�
<br /> . • 7.Protecttoa of I.euder's Rights m ttae Yraper�ty. If Borrower faiLt w peaform tt►e covenants and agreements cantainecl in , ' ;�
<br /> this Sec�ity Instruu�ent,or there is a legal proceeding that may sigaificanily affect I.ender's rights in tAe AroPeatY(such as a . �;...�:�..
<br /> . . � praceeding in bankruptcy. ptobate,for wndemnation or forfeiuue or to enforce laws oi regulatians),thcn Lender may do and pay +`, '.-
<br /> � for whatever is necessary to Pr�tect the value of the Property and Lender's rights in the Property.l.endec's actians maY include
<br /> .�,: • in cottrt,PaYing reason2ble ... � .
<br /> paying any sums secured by a lien which t�as pdority over this Security Insuument, aPPearin8 h 7,Lender � . ..
<br /> . auomeys' fees and entea�g on the Property w make repairs.Atthoagh Lender may take action undea this para�;cap '
<br /> • � does not have to do so. •
<br /> ' ' My amounts disbursed by Lender ander this paragraph 7 shall become addi6onal debi of Borrower seaue�l by this Security �
<br /> lnswment Unless Borrower and Lender agcc to other terms of paymenL these amounts shall bear intecest from the date of : . .
<br /> � dlsbursement at the Note rate and shall be payable,with intaesb upon notice from Lender to Borrowcr requesting paymen� � . ,
<br /> . 9.Mortgage Insuraace. If l.ender required mortgage insurance as a condiflon of making the toan se�tted by this Security �
<br /> � Insuument, Borrower shall�ay Ihe premiums reqvircd to maintain the mortgage insurance in effec4 If,for any reason,thc � .
<br /> " � mortgage insorance cove,rage required by Lender lapses or ceases w be in effect,Bomower shall pay the premiums required to .
<br /> ' � obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equiva;ent to the
<br /> cost w Boaower of ihe mortgage insurance previously in effect,from an altemate mortgage insurer appraved by Lendes. If �.-
<br /> ..' subsrantially cquivalent moctgage insurance coverage is not availaUle.Bonower shall pay co 1,ender cach monih a sum equal to • .
<br /> � • ' on�twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to •
<br /> . be in effec� Lender will accept,use and retain these paymenu as a loss reserve in liea of mortgage insurance.Loss reserve
<br /> Form 8028 9190 . .
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