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<br /> `: 3 97� ���� �y �. . .
<br /> •� S.Ha�ard or Properiy Insurano� Boirow�r shall keep the improve�ents now eaisting or hereafter er�d on the Propecty
<br /> -'� - , inra�red aaainst lncc hv frce. har�rds include�arithin the term"entertded caverage"and any othet t�Zardc,including floodc or '- .._. _--
<br /> ' . - tlooding,for adich Le.�tder requires ins7uance.'Ihis insurance shall 6e mainrained in the amounts and for the periods that Lender ���:- .- ��— .
<br /> i(.- . reqn'aes.The;nc,,•��p carrica providing the insurance shall be chosen by Borrower subject to Lender's appmval whicb shaU not �:�� .
<br /> � be nnreasonably withheld if Bonower fa�s to maintaia coverage descn'bed ab�vc. Leader may,at Lender's oprion.obtain �.; .
<br /> �.. coveiage tn pmtect i.�ider's rights in the ProEstity in axordance with paragraph?- 1��
<br /> �: AIl insvrance policies and zeaewaLs shall be acceptable to LQader and srall include a standard mortgage clause.Lender shall i.". -
<br /> :;�, - have the right w hold the policies and renewais.If Lender require.s,Borrow�shall prompdy give tn Lender all rcxeipts of paid !'�. -
<br /> .�r praniums and reaewal notices.la the event of toss,Boaower sUall give prompt nQtice tn the insurance cazrier�d Lender.Lender i`:t .
<br /> :;;` may make proof of loss if aot made pmmpdy by Bortower. �;} _
<br />'-T. � Uniess Leadci and Bamower othe�rise ag�oe�wriring,ins�uance pmceeds shall 6e appHed to reswration or repair of the =.: . '. . __ .._
<br /> �P�Y�gEd,if the restniarion ar mpair is economically feas�bte and L.euder's seciuity is not�ened.Jf the rcctnrarian or � :
<br /> �'� repau ic not economicalty f�le or I.ender's securiry wauld be lessened,the+*���noe pmcceds shall be applied w the sums �; . "" ,`
<br /> :�.. _ . yF ':
<br /> � sec�ued by t�is Secauity Irrst�ment, whethe�'or not then du�with any excess paid m Boaowcr.If Ba�mwer abandans We � f ,
<br /> ��`. Roperty,or d�s not answer wid�m 30 days a notire from I.e�cter ctu the u�surance carrier 6as offered to settle a cla�,th� ' E ` ;
<br /> y_ .<<�a-,'" i.ender may�u.e+ct the�ce praceeds.L.ender may use the ' w or resW�the?� or to sums sepued ��. . ,, �:{�`' �
<br /> .� . � Diu�,..s rePair P�Y PaY ` ••��� :,
<br /> �, `'•���`' by tbis Secauity In �mpnt whether or uot then duc.The 30-day ge�iod w�l6egin whea the notice is given. � �� `�
<br /> �; � �:
<br />..�' :�s� �t Unless Len�r ac�i Ec�owea oth�wise agree IIt wcili�g,az�y�q:iication of p�s w prir�cipal shall not eztcnd or postpone �.': ' -
<br /> :�„ -!`=�`;.s::�,;'. the dne date c��:.��e�:Y PaYments�+efeacd w in par�r:��s 3 t�d�ar change the amount of the payme�s.If under pacaigaaph �� . - �_�j, �:
<br /> �r. �i,'` . � 21 the Pc��2�q-,�ed by I.ender,Borrower's rig�r�aaK�ce policies aQd pmceeds�esultmg from damage tn the : �
<br /> �;; � _ ' �P�Y F���e ao��asirion s6all pass to Lendea t��lr zx'�.�:r`rhe sums seGUed by Nus Se�aaity In$trument immediately � :. , _ �
<br /> �. - '' pt'tor W the aCquisition. , .
<br /> �. � � 6.Occapancy.Pr�a#on,R9aintenance and�viac�na of t�e Properagq B+asrower's Loan A�e�ua;LeasQhol�ds. t � - . .
<br /> f�'�: ` a rc`':' Borrower shall occupy,esmblisb,and use dee Pmperry as Sarmwer's p�incipai���s:e witfea s�sy��the ex�tion of ' �_' -�
<br />' r` � �`i�� this Secmriry Instrumeat and shall continne w oa:apy the Propeny as Borrower's�a1 ces�a��Far at Emsr.one year aftrs the , : �f � ?.
<br /> �,T S ,e'",� 13 ; ,, ::
<br /> =4.,. . � � `..�� da� of occupancy,unless I.ead� athecwise agrees in writiag, adicb ooaseat s��at��,..sona6ly withheld, or m�ess s,�� ;`:' 's';,�:-`�
<br /> �� , ext�uua�ing ciraunstactces exist which are beyond Borrower s control.Borrowei s�i aae despmy,damage or impair the Property. :,:�.,i•. s..•,�
<br />- '�: . . aliow the Propeny w detcrioiate,or commit aastc on the Prope�ty. Boima�ea s�all be m defanit if�y forfeidae action or j,j;;;r!i;ly�;. ,, :
<br /> .; , eny �.Y���;���;�.`,��';:`- :
<br />�;Y ,:;: • Pmceeding,arhether civil or cruninal,is begvn that in Lender's good faith judgment coutd ces�ilt in farfeiwre of the Propaty or ,,`._:;,<<f�.�;t;:;:"_`;,•.
<br /> s; .l,,� �. OthelwoviSe matrrialty impair the tien c�ted by this Security Instrwnent or Lendc�'S seCUrily ltttel�S1.Borrowee may CurC SuCh 8 j :;{�r ��a' ;
<br /> `i�: : defaiilt and re�smte,as provided in paregraph 18.by causing the action or praceeding w be dismissed a+ith a nilin8 that,in �� , ,_, s��,�� z.
<br />__A�1�:�� . II.eudea's good faitb determination,precludes forfeiuue of the Boirower's interesc aID�e Property or other material impairment of �, • „ .� %�
<br /> -:"��:• ahe lien creaied by this Sea�ity Ins[tument or Lander`s sa.�urity interest Borrea� ' ' also be in default if Samnwcr.duriag the �t''''.•�.';" ;f";•,;.:f:
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<br /> sz�?•• • Iav►applic�tion pmcess.p�matcriaUy falss or inacr�.*�iaformation or Mar�=rrc to I.er�dea(ar failtd� vide I.ender wiih ���, <��`�`"?;�'� _�.`:,�..
<br /> � ;`t �° a*;>. fi.-..,: •,°..
<br /> �'; any mflterial infoimation) � connectian wilh the loan evidenced by the Note. including,6r�uot limi3d to, representat�ons i",:;i•';�,;;r:,;�,,;�:•�;
<br /> `� `? conceming Bmrower's oa,upancy of the Property as a principai residence.If this Seauity Ins��t is oa a Ieasehotd,Bamawes t,';``,`'%;.,,-;:'��'i�.,�.�.
<br /> -�� shall wmpty witP�all We provisions of the�e.If Bormwea acquires fee dtle w the Propeny,the teasehold and the fee dde shaU �:� ' . ���: ;:
<br /> ;iR; not merge unlesc Lend�a�ees to the mcrger in writ�g. . :�.:�;�,��:
<br /> � : 7.Pirotection of Lender's Rig6ts m We Property. 1f Bormwer fails to perform ihe covenants aad ag�eements wniained in , �• :-�s
<br /> tLis S Instrum�t,or theae is a!e that si ccand affect Lender's ri ts in the Pro �'`�
<br /> ,`'" . • . eeuritY Sal Proceedin8 mal+ 8� Y P� P�Y�such a4 a �: . _ ;r,-,,:.
<br />:;,:�i � proceed�g in bar�¢upuy,pmbate.for wndemnation or farfeiwre or to enforce laws or reguiations),then Lea�der may do and pay � - - .
<br />=:°,_s for whatever�c necessary to protect the value of the Pr�peny and I�dea's rig�s in the Prope�ty.i,enda's actions may include
<br />:.�,.:; " PaYmB any sums secured by a lien ahich ha9 pria�y over this Sec�uiry �.�ent,aAPeariag in court.�aYin8 reasonabi� .
<br /> _r;�•r ' aunmeys' fees and entr�ing on the Property w ma�r repairs.Althongh Lcnder r,r��take acdon undcr this�:ragraph 7.Lender � '•; �
<br /> �"� daes notl�ave w do so. '
<br />-��f,�. '` • .';:':
<br />�'��Y • ;, My amounts disbUrsed by Lender under this pata�aph 7 shall 6ecome additional debt of Borrawcr secured by this Security . � .•-,
<br /> r';:.`. .�, :'-,, Insmimeu�Unles,s Hmmwer and Leaider agree w othea te�ms of paym�6 these amounts shall bcar intraest from the dzte of �, . :
<br /> ' disbursement at the Note rate and shaU be payabie,wi��nterest,upon natice from Lender to Borrow�requesromg paymenL ;�
<br /> �`;��' .• �.NTortgage In4nraace. If Lender re4�ircd�Be inswance as a condinr�of malring the loan seaued by this Sec�uity tr . _
<br />-'"";° : Instrumen�BmrawcJ shall •
<br /> �.:.;.�, � . pay the prcmiums rey�i.rd w maintain the mong�:insurance in effect If,for any reason, the ,
<br /> • mortgage�ce aoveraga required by Lender Iayses or ceases to be in effect,BorrQaer shall pay the premiums requaod to
<br /> ,';���; ' . , obtain coverage subslantially equivatent tn the mortgage lnsuiance previausly ia effect,at a cost substantially eq�ivalent ta th. ; • • �
<br />_= cost to Borrower of the mortgage iriswance previously in effect,from an alu�te mortg,age insurc�appmved by Lend�. U '� � �
<br />--;::;",�j substantially equivalent mortgage insurance cove�age is not availabie,Borrower sit:ll pay w l.ender each montb a sum equa!to ,: . .. ,
<br />`_��;� on�tarel�th of the yearty mortgage insurance pmmi�un being paid by Borrower when the insurance covcrage lapsed or ceased w `` � •
<br /> _ •`E be in effect.i.ercder will accept,use and retain these payments as a loss reserve in lieu of mongage ins�rance.Loss res�ve � � �
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<br /> ;.;'} � Form 3028 9190 ;� � � • .
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