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<br /> 5, tl�.:ad cs�ropesty ibz*i�rRn�e. B�erower shall tsee�r the improvemenG� now eaisting or I►ereat�er erecter! oa d�e
<br /> ['►�a�rty IASIDAC(I i3�'BIIISI Itl&'1 I)Y �1'(t, ht+�ard� i»clucted wit��ir�iirc tem� 'extended coverage" and nny od�er hazards, including
<br /> f7�xydi:or ilaading. far whi�h l�:ndr.r mquires intiurance.'['bl:c i.r,curance shall be maintAined in the amo�ants and fur the periods .
<br /> ') t�:►e l.t_�ar3�:r ce��ie�,9. Ti�r. inm�ranee cnrrir.p pr�vidin�tt►e irt�ur��ce�hall tse ehosen by Eiorrower subject ta Lender's approval
<br /> �h v+�lr,tn sh�ll u�ot be wireasonably �vitl�held. If Dormwer faitu ta cuaintala c�verage described above, L.ender may. at L.end�r's
<br /> i o�tior�.obtai�cov�r�ge to protr.c:t I.r_n�ler':�eiaTits in die Fra�try xn acoordance with P�b�Ph 7.
<br /> ;,;.;„�� Alfl Ins�arw�ce policies su�rl mncwnla �6a11 be sucepmtrJs r.o L.ender and shall lnclude a standar�d mortgage clause. L.ender
<br /> � � ��"'�'� al►a!Q h.1ve th�dgl�t to l�old d�e pnlir.ir,��u�d renewal�. [f I.ender mqulres.Boaower s6a11 pmmpdy give to Leader all receipts of
<br /> � ' ����prect�lumas and renewal natlr.e�. G�tUe evr.nt of lass,Bormvrrr.s6all give prompt nodce ro the insurance carrier aud L.ender. •
<br /> ± Le;¢s��r�xeay�akc� pronf of lnns if n�t cunde promptly by Borrav.��z.
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<br /> • UmL:ss L.euder end Aormw�:r c►tdenvi�nfgce in wridrt,�.in�r,,rance proceeds shall be applied to restoration or repair of the -.
<br /> P�n�ny damaged.lf tbe re.y'tat�tion ar repeir is econnmicallY Eea:��°bie and Lender's security is not lessenecf.If the mstorddan or .�,�,
<br /> . rs�sibQ is mt emnnmically fi:naibl�z or Lr.nder's securiry vfa��d�e�lessened. the insura�e proceeds shaU be applied ta the sums _:�
<br /> ;;:�. sce�red by tivs Secutity Insimment. wltetber or not ci�.en dve. v�ith an�r eace�paid to Borrower. If Boirower abandons the �'�;�x
<br /> , --,�,+f�;; Pmperty.or does not suta�ver witnin 30 days�i,�iic.c�t�L�rr-t-�t�t tue i�.;,�s�.ro casiier has of�'ered to settle a claim,then -__
<br /> `"' ;���`�'`•>'' Lender ruay coilcxt tLe ins�ir�nce�froceeds. Leader may vse rJ7r�proceeds to npair or restore the Property or to pay sums _
<br /> ;.;,;."� , `� � sccumd'uy tiYis ScxuciEy InairUnyc�nt.�4}IC1�4[4:�ot then due.T7re�Q-ilay periaJ rvill begin when the nodce:s siven. ,.__
<br /> �r. Unless Lender and Dorrnwer oti�t�cvvise agree in wri�, rFny applicadon of pinceeds ¢�o priucipal shall �t exttnd or �•;;;�_-
<br /> �, `t�. ri�ost}�ome the due date of t�e montlily(�ay�ene�nfemecl to iQ pas�n,n�aphs 1 and 2 or change the�aount of th�puyments.If uoder �
<br /> '�' pnro�ra�h 21 �6e Property ie nr.quim.d Isy Lc:iuler. Horrower's sighi to any insmance policies and proceeds resulting from
<br /> Instiuntent ���
<br /> � dn�ge to the Property pdor to tbe riccquisifian shal!pass to l�.eud�a to the extent of the sums�by ttvs Secunty —
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<br /> .,,;r�'.`�.��?� itumediQtely prior W t�Le acqulmtioi�. �-'-
<br /> r,a,i. , , .:`' 6,p�p�,y,PcrscrvNlon,II��Lrt�na�an�d PmteciEa�n r,f[t6e PiroPeriyi Borro�er's Loan Applicxtion;I.e�sdx�lds. ��
<br /> ���. � Borrower shall occapy.establirt�.aud use die I�mperty as Bormwc��r's principal[eside�:within si�ty days after the execadon of
<br /> th�s Sxudty Instiwnent xnd r,Unll ec�caaimre to oocupy the Fropc:rt.�as Bomov�er's principal msidenee for at least ore year after �� --
<br /> '•,.�;:� � _� td►�clate of orapancy.unless I.�eutL:e otiierwi_se agnRS in waitin�,wtuch consent sl�all not be nnreasonably withheld,or unless �':-
<br /> eatenuat�ng cucumstances e:xlsi. v��ecli ane beyond Borrawer'r� c�ntrol. Bonower shall nm� dcstroy. damaSe or impair the �-
<br /> . ���: ,._- n � a�,e,,.o.a .,.:�mif�rr�n�e rhe_. Pmncrty. Borrower sha99 he in defaul�if auY fQrfeihue F'
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<br /> ' � action or procading, �vhell�ee eivi!ae tr�inal,is i�e�w tba.t ui L.ender's goad faith judgment could result in forfeitare of the g..
<br /> Property or othe►�ise wateriallq impnir et�e Uen cr�ated by tbis a�c:�.vrity Iasttumeat or Pxncfer's sxurity inteTest.Homower may �
<br /> •:� ,';� �, curc�ach a dehult and reinswus.a�provided in puagraph 18.T�y r�using the�don ar pmcceding to be dismissed with a ruling _
<br /> , � tl�a�, in Leader's good faitli detem�anadon, Praludes forf�ituxe�af the Borrower's interest in the Property or other material
<br /> .,:,'.;� impaimnent of tlie Gen created by tLis Security Insm�ment or Ju�r,der's secimity intesest. Bp�ower shall aLso be in d�ffa�nit if -
<br />,j`, ��".' Bornower,during the Iaan anpllaadon proc�ss.Bave materisilly fN�or inaccurate infom�ation or statements w Lender(or f�iled _
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<br /> .::�,:..; ,� to provide Lender with any mate�isl informatiau)in connectior��vith the loan e�3de�ed by the Note.i�luding,but mt limited
<br /> ��.;:;+;,�,i��:<i '. W.cePtesentaCOas conc�erning 13rnxrnver's occupancy of the Pro�ma:ty as a principal residence.If this Security Inst�ument is an a
<br /> '°� l�sehold Baaower sl�aU comAly wicli all �e pmvisiaas of tiir: lease. If Rorrower acquii+es fes dde to the Propetty. rhe
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<br /> z''�'�� :'ri le�sehold tnd the fee tide sl�all nat�nerge unlr:ss I.ender agcr�;In r3te merger in writing.
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<br /> -'"='�':;�}�' � 7.Prot�edbn of Leader'u�lsi�in the Properts+.If Borro�c+er fails to perfoim the covenants and agraments wntained in
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<br />._•.��:�r��;l" � t�►is Security lastrument,or tUem i�a IeIIal proceecting that may signiBcYntly affect I.ender's dghts in the ProPertY(such as a
<br /> -�r""'_';'' �roceeding in ban3¢uptcy, probate. for r,c�udemnation or forfeic�n:or to enforce laws or regulations). thec►I.eader may do and __
<br /> _'�v�;;;s�i�' , guy fur whsatever ls necessAry to�roiect t�e velue of the Fro�err.y and Lender's rights in the Property. Lendar's actionv may �
<br /> — y1�1;ti� � IIl CUIlK. !'^J"'o
<br />_�=����+1'��;•: reasuna6lc auomeys' fces and s�ea eau,�on tlie Property tv nmake i�.�aits.Atthough I.endrer m�aakeeacdon under this p��e.��aph
<br /> ,.",','.'��` 7,L.cacicr does not ha�e t�do r�v. --
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<br /> "�����i,�•:„ Any amounts clisbur.;ed by F,�:nder nndcr tUis paraBranh 7 shall beoo�ie addidonal debt of Borr�ower secured by this
<br />`�-'`?ro�;'='` � Sccurity fazt�umevt. Ualess Anrnmvtir end Lender agree to otUcr eem�s of payment.these amowus shaU bear incerest from the --
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<br /> s� . �y'�`l;• da0e of disburseu►ent at the Nnta r:.tc and sliall be payable, witti interest, upon notice�rom Lender to Barrower requesdng __
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<br /> :.a}.,,�.•.. f..��.,.' '„ fl CR2.
<br /> ::�tt;1��`���°i•� �t a. Moat=age LLSarancc.If Lender mquired mortgage insm:u�ce as a condidon of making the loan secured by this Security �_
<br /> '- �'`, ' ' Instzuatcnt, Borrowcr sLall pay t�e p�miwns required to waivfr.in the mortgage iruvrance ia effect. Iff, for any reason, the R:-.
<br /> �• �% mortga}3e insura�e covcraB¢mquimd by Lender lupses or ceases to be in effe�t, BacroRer sball pay the premiums requiral to �°-.
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<br /> ' olrtaFn coverege substandelly e�i�ivAient oo the mortgage insw�twce previously in effect,at 1 r.ost sutistantially equivalent ro the ���
<br /> �;;"'�' cost W Borrower of the mort�ugu e�sur�wce previously iu effr.�:c, from an altemate martgage insurer appmved by I.�nder. If ,:_
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<br /> '��'�'' � suUsGacriaily a(uivalenimon�u�u i+usurance roverage is not availuble.Borrower sUa�l pay to Lender each month a sum equal to �';,
<br /> ons:-twe1Rl� of the yeariy�nrt�ae insurance premium being paid Ay Borrower when the insucance wverage lapsed or ceased to
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<br /> �' Le im egfect. Le4der cviU accent. ►�re;►nd retain t�ese payments t� s loss rese�v�.in lieu of mortgagc i+�c��•:�n�. Loss reseeve .
<br /> •��'• Form 302�/90 •
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<br /> .�.,., i ��BRINEI�ot�zi.o� p�go 3 af 6 wuy.�
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