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<br /> 8 � 97- i��18�5 .� � <` � � ' �
<br /> 5. Ha�ard or Propert� Insurartce. Burruurr .h:tll I�c�rp thr impru�emem� nn�� rx�,ting .�r her�atter crt�tctii ��n [hr •: . ' �
<br /> Pm�ert}• insurcxi again.t I�.�+by firr, hauarJ+ rorlu.ied within thc trrm 'etitcndrJ �u�trag�" snd sn}other hararJti. �nrluding 4` . '
<br /> .- ftooJ,�,r il�xxting. I�,r ++hich Lend�r reyuirc+ imur.uicc. Thi. in•.�::sr.rc.h�!! hc m:►�ma�nrd m thc �muunt�:►nd ti�r the Yrriuci� -,-_ .., . .-
<br /> tha[ L�nder reyuir�+. T'h� in.,urancr carrirr pru�iJin�thc �muranrr .hall hr chu.cn M Burru��rr,uhicct tu L�nd�r\appro��al -
<br /> � ah�ch >hall nut he unrc;uonabl}� ���ithheld. If &�rr��«er fad� tu nu�ntatn r�ncragr dc��ribr�i akx��r. Lrndrr ma�. a[ LenJcr'+ : .
<br /> , uptiun,obtain roverage to prute�K L.�nder'�righh in the Propem in acrurd:tn�e��rth parugrsph 7. , ` '
<br /> � All irourance policies and renewal, .hall be acceptable tu Le;nder and .hall include a ,t3nd:�rd m��ngage rlau.e. Lender _
<br /> shall have the right to hold the poiicie,�nd renewab. If lxnder reyuirc�.Burruuer�hafl prumpth givc te�Lrnder all rcreipt+uf _�_ =
<br /> � paid premiums and renewal notices.In the event of loss. Borrower�hsll gi��e prompt notice to the in.ur�nrc rarrier and Lender. � _ �. ;.
<br /> Lender may make proof of Icus if not made prompdy by Borrower. . � , ,
<br /> Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoratiun or repair of the . . .' .. _...�
<br /> Property damaged, if the restoration or repair is economically feasible and Lender's��xurity is not lessened.It the restoration or - -�• �--��-r• ;. .
<br /> repair is not economically feasible or Lender's security would be lessened.the insurance proceeds shall 6e applied to the sums �"������.��
<br /> ._�___.,. _
<br /> ' _ secured by this Security Instrument, whether ar not then due. with any excess paid to Borrower. I(Borrower abandons the , • ` .�;�:�,�.- _;
<br /> �. Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a daim, then k �-�
<br /> Lender may collect the i►uurance proceedc. Lender may use the proceeds to repair or restore the Property or to pay sums ��°.°-``3'-'°`°
<br /> r—
<br /> , . secured by this Security lnstnimeat,whether or not then due.The 30�ay period will begin when the notice is given. ...- �'�,_,•
<br /> Unless Lender and Borrower otherwise a ree in writi an a liration of roceeds to nnci al shall not extend or � ��'
<br /> S �. Y "PP P P P �' �--
<br /> postpone the due date of the monthiy payments refermd to in paragraphs I and 2 or change the amount of the paymenu. If ' _-__ ___
<br /> under paragraph 21 the Property is acquired by Lender. Borrower's right to any iasurance pulicies and proceecLs resulting from . _ .' � —
<br /> , damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument ° • -� .
<br /> immediately prior to the acquisition. '�;.�,�--
<br /> . 6.Oavpancy,Preservatlon,Maintenanceand Proteci�an of the Property;Borrower's Loan Application;Ixaseholds. ---- a- `";_i _
<br /> Borrower sha11 occupy, establish.and use the Property as Borrower's principal msidence within sixty days after the execution of • • •
<br /> this Security Instnunent and shall rnntinae to occupy the Property as Borrower's principal residence for at least one year after ` , ���.
<br /> . the date of occu an unless Lender othenvise a rees in writin which consent shall not be unreasonabl withheld,or unless ,:�., `. , � �F#' _
<br /> P �Y• 8 S• Y � :�d�-.: ..,,.� .
<br /> ' extenuaung circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the '
<br /> • Property, allow the �'roperty to deteriorate, or mmmit waste on the Property. Borro«er shali be in default if any forfeiture ':
<br /> . action or proceeding, whether civil or criminal,is begun that in Lender's good faitii judgment could result in forfeitwe of the ' '' �� "
<br /> �;�' >.�•.
<br /> Property or athenvis�inaterially impair the lien created by this Securiry Instrument or 1.ender's securiry interest.Borruwer may •} : _
<br />' cure such a defaul[and ninstate,as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling � ;i ''.'
<br /> •� � that, in Lender's good faith deter[nination, precludes forfeiture of the Borrower's interest in the Propeny or othzr material � • �� ��
<br /> �,;
<br /> . img�*:,-�ent of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if '� �� ��+,# �.
<br /> � i Borroa•er,during the loan applicaaon process,gave materially false or inaccurate infortnation or statemenu to L.ender(or failed ..� � .��`'�f'�: ..
<br /> to provide Lender�:,h any matenal informauon)in connection with the loan evidenced by the Note,including,but nat limited - �`, ••
<br /> � to,representations conceming Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a ��
<br /> • leasehold. Borrower shall com�ly with all the provisions af the lease. If Borrower acquires fee title to the Property, the �' ��
<br /> ,;:; leasehold and the fee title shall r.ct merge unless Lender agrees to the merger in writang. '��;�':'�,�."�';��_
<br /> � 7.ProtectIon of I.ender's Rights in the Property. If Borrower fails to perform the wvenants and agreements contained in
<br /> , i t3' � P g Y � Y g Pe Y �_ __� 'F�..;:�. --
<br /> this Securi Instrument,or there is a le al roccedin that ma si nificantl affect Lender's ri hts in the Pro rt (such as a '�� _�°
<br /> proceeding in bankrnptcy,probate, for condemnation or fodeiture or to enforce laws or regulations),then Lender may do and ---�
<br /> '�, � pay for whatever is necessary to protect the value of the Property and L.ender's rights in the Prope�ty. Lender's Zccions may - -t{ '�� -
<br /> � incl¢de payin� any sums secured by a lien which has priority over this Security lnstrument, appearing in cosct, paying ;,��,��_
<br /> •� reasenable attomeys' fees and entering on the Property to malce repairs. Although Lender may take adio�under this paragraph �; .___ -
<br /> . � 7.Lender does nat have to do so. ��,,a��=_-�a-=
<br /> Any amourts disburse� by I.ender under this paragraph 7 shall become additional debt of Borrower secured by this �"���'�"—�
<br /> Security Instrument. Unless Borrower and Lender agree to c`her terms of payment, these amounts shall bear interest from the �'-- =
<br /> date of disbursement at the h�•:: rate and shall be payabie, with interest, upon neiic: from Lender to Borrower requesting '
<br />. � q.,t5.�+;_-.
<br /> payment.
<br /> � S.Mortgage Insurance.If Lender required mortgage insurance as a condition of making the loan secured by this Security �'
<br /> Instrument. Borrawer shall pay the premiums required to maintain the martgage insurance in effeu If, for any reason, the �"""'�"""'""•"";�
<br /> mortgage insuran�rnverage required by Lender lapses or ceases to be io effect,Borrower shall pay the premiums required to .�`-.�;"aT::.�.�:,,�.���;:`
<br /> : ' obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to ihe �'�l��.��,t
<br /> � cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approvod by Lender. If '`"""'""`�``'�t"'`� �
<br /> , substantially equicalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to ,t�. � ..� �
<br /> one-twel8h of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to °���'�`^,�°�,,:
<br /> be in effect.Lender will accepi,use and retain these pnyments as a loss reserve in lieu of mortgage insurance. Loss reserve �°�'' �+��`
<br /> '���t-���
<br /> Form 3028 9190 . ,
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