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<br /> • 5.Hav�ard or I'raperty I�m�eanca Hormwcr shall ke.�p the impf�ovemcnG9 naw cxisting on c�rcuftcr crect��o�thc Property
<br /> •., insured against lase by fir�c,htwArdn includcd wid�in tho term "oxtended cavcrnge" �nd any�thcr har.ards, including floads or
<br /> flcx�din�,for which I.enAer requirea inrurance.This insz�rnnca shnll bc:mnintained in the nmounts und!or the pedocis thut l.ender
<br /> rcyuirc.s.'Iho insuranco ctu�.inr providing U�c insuranco stinll t►c ct�oscu by Borrowcr subJcct to L.endcr's approvuf wl�ici�sl�all noi
<br /> ,. be unreasonably wiUihold. If Barrawer fails to ma�ntain covernge described nt�ave,l.cndcr mny, at Lendcr's option, obtain
<br /> .:y=" covera�o to protect Lendar's riahrn in dic Propcny in scr.ardance�vlth��aragraph 7.
<br /> •�� T � All tnsurancc policins anQ r�naw�l:�sh�ll be nccepinbla to I..ender and shall inclu�ic u standard mortgagc clause.L.cndcr shall
<br /> have the right to hald dia pnlicies and rencwnls. If Landar rcquims, JRorrowcr sh�ll prompdy Sivc to Lcnder all reccip�s of paid
<br /> premiums and renowal nadces.I�i the event of lass,Bormtiver shnll aive prompt notice to the insurance carrier and Lender.Lc:nder
<br /> may makc proaf of los�if nat mAdc pnnmpdy by Bano�var. �;:
<br /> Unless Lender and Bcrrrower otherwisc agrcc in�vritin�,insurancc procceds shaU be applied to restoration or repair of the �-1�-=
<br /> Prope�ty damagcd,if tha�cstoreaon or regair is cconamically f�asiblc:and Lender's securiry is not lessencd.If the restcvadon or • .
<br /> repair is not economicnlly fea�ibla or Lender's security�vould t�c Ic.u�ened,the insurance proceeds shall be applied to the sum§
<br /> � secured by this Securr�/ Iuauumen� whether or nat lhen due, wiQ� any excess ps�id to Borrower. If Honower sbandons•the ` � `:
<br /> � Property,or does not an,�wer within 30 days a notico fmm i..ender that d�e insurance carrier has offered to settle a claim, �hen .__
<br /> Lendet may collcct tha in.iirance prceeeds.L.endcr ma�r use ll�e pmr.�:�is tn rcpair or restore the Property or to pay sums sec�red °t`
<br /> ...,.
<br /> by this Securiry Instrumant,wheQier or nos then du�.'I?��30�day period will begin when ths notice is given. , �
<br /> Unlcss I..ender and Ba•rruwcr othenvis�agree in writing,any app►iwtivn uf p;oceeds to principal shaU n4t extend or postpone _"
<br /> the due date of ihe momhSy pnyments refened tn in p3ragraphs 1 �u�d 2 nr change the amount of the payments.If under paragraph
<br /> '�'r,.
<br /> �� 21 the Propeity is acquieed by Lender, Boirower's right to any inswance poGcae,s and proceeds resulting from damage'ua ihe __-�
<br /> A
<br /> f: Property prior to thcs acq�ai.vition shnll pass to Lender ta the extent ot'the sums secwed by this Securiry Insnvment immediately , F;�w
<br /> u priar w thc t+cguisidon. -_
<br /> + 6.OccupAncy,Pre.�tt�wat6an�Tulnintenance and Protectlon of ttie g'roperty; Borrower's Loan AppUcaHan;Leaseholds. _
<br /> �'1 Borrower sl�all occupy,�tubliah,ancD use die Property as IIo�rnwcr's principal residence within sixty days aft�er the execution of `,_
<br /> ' � } � this SeCUrity InsVument and shall continue to cecupy tho Property a��Horrower's principal residence for at least one year efier the �u`
<br /> , .•�� date o£occupancy, unlass I.ender atherwise agrees in writin�, wluch consent shall not be unreasonably withheld, or ui►less ��
<br /> �;.t�us��� c�ums�:�:cc°�»isi Whi�h�.*e i+�ynncl Rn7mwet's controL Bortower shell not desu�oy,daraage or impair the Pro�ty,
<br /> f��'�;=' allow the Property co datcriorate,or commit wasto on the Propeat.y. Borrower shall ba in default if any forfeiture Acrinn or _
<br />� �� �>>�"?��, proceeding, whether civil or crlminel,is begun that in Lender's gond faith judgment could result in forfeiture of the PrapcTty ar
<br /> '� � otherwise materiaUy unpnir ihe lien created by this Sec�uity Insmunent or I.end�,�r's security interest.Borrower may cure such a —
<br />� � default and minstntci.as provided 'ut pnragraph 18,by causin� the xtion or proceeding to be dismissed with a ruling that,in
<br /> Lender's goad faith deunmination,precludcs fodoitum of the}3arrower's intemst in the Property or other material impairmerit of _
<br /> ihe lisn created by this Sc:curity Liatrumcnt or Lend;�'s sccuriry intexesG Sorrower shall also bc in deFault if Borrower.durin�ttie
<br /> " loan applic�don process,�nv¢mnterinlly false ar innc�iunte infQ:mAtion or smtements w Lender(or failed to provide Lender,with
<br />� " . : any materi.al informadaii� in cannecdon with thc lu�in evidenoed by the Note, including, but noi limited to. repmsentadaos _
<br /> . conceming Borrower's uccu��a��cy of Qie Properry as a princlpnl resedcnce.If this Sc;curity Insirument is on a leasehold,Borrower
<br />-. :,_,,� � shall comply with all tha provisian�of dia lease.If Bolrowcr tECquires fee dde ro�fie I'roperry,the leasehold and the fce tide s6aU
<br /> ,,.;-.�.',.:�.;., not mergc unless Lcndcr��es tu dic merg�r in writln�.
<br />- : -' `�a�':�' 7.ProtectEon of Lender's��tights in the Pro}►erty. If Bomowcx feils to per��rm the wvenanis and agreements cont�ined in -
<br />�� �"°"�� � this Security Ins�ument, c�r the�+e is a Ie �l roeeeclin�g that ma �i if'icunU affcet Lender's d hts in the Pr
<br /> ;,.: �;..� �,i+�• 8 P Y• � Y 8 �Y (SUr�k�_�s e
<br />-.. ' proc�eding in bankruptcy,praUute,for condemnadon�z fo�rfeiture ar to enforce laws or tegulauons),then Lender may do ar}c�.pay _
<br /> �',• ' "�..�' for whatev�r is nocessnry to prniecc the v�lue of tho�"tnpeary anct Lender's dghta in the Property.L.ender's acdons may li�lude �
<br />'�., ' •r'� paying nny sums secured by a lien which has prioriry over nlis Security Inswment, appearing in co�rt,paying rea.ss�naple
<br /> == � attomeys' fces and entering�n dia Property to maka repairs. /a.lthough Lcnder may teicc action under this paragraph 7,I.cnder __
<br /> � ��� does nnthavo ro do so. �s,���
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<br />--«��-��- � - Any amounta disbucr,ed by Lender under this��rpigaph 7 shall become additional del�t of Borrawer securetl by this Security _
<br />_ae�,�.��,_^�~': Instrumcn� Unlass Benrswcr a�id Lender agreo to olhcr tcrms of payment,these amounts sf+all bcar interest from the cifite of =_
<br /> �+ > disbursement at the Notc►ntc tutd shall t�c payablo.with intcresl,upon notice from Lendcr t,o Bo�ower requesting payment � �__
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<br /> S.MortgAge Insurattce. IC Lcnder myuired mortgagc ins�uunce as a wndition of malung the loan secured by this.Security
<br /> �' ' .. Inswment, Borrower stuill pay dia premiums rcx�uirod to malntain tho mortgage insurance in effect If. for any reason,the --
<br /> • mortgage insurfutce covr:,�e myuimd by Lendcr lapses or ceases to be in effect,Bortower shttq pay the premiums required to ; ;�_
<br /> - � obtain wvetage svbsmnticilly eqidvalent to the mr�itgage insurflnx previously in effect, at a cost substant�ally equivalent to the =
<br /> cost to Borrower of thct ma��+ge insurance pruviovsly in efT'oct, from :u► altemute mor�gage insurer approved by Lera�ler. If =__
<br /> substantially equivalent mn�aga ins�uance covemga is not av�iilable,Bucrower sha�l pay to L.ender each month a sum er�u��o `�.
<br /> one-twelfth of tho yearlp mar4.�nge insurance premium being paid by Borrower when the insurance cover�e lapsed or ce�t3d,so ;�'-
<br />_ , be in effect Lender will accept, use and retain thase payme�us as a loss resc�va in lieu af mortgage irusa:ru►ce.Loss r�ervc
<br />_ Form 3029 8190
<br /> �-eR(NE)loz,2l.oi �ap�9 m e imuat�: .
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