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<br /> ' � 5. H:uard or Prupert� Intiurunce. [ii�nu��tr ,h:ill krep ihe �mpru�+:.unt� rtua �r�tiung ur hereaftcr rrc�ted un thc • .
<br /> ' Prupcn} in.u�eJ agasn.t Iv,. h} tirt. har.+rd.iurludrd ��•rthin ihr term "rst:txkd ca�•rragc" :u�d am ��thcr h:�arJ.. including
<br /> � � flo�,d,nr tlu�xline. tt,r��h�ch l.endcr reyuin�.in,u�anrc. Thi,i�uurarnc,ha'.![h►naintaineJ in th��muunt,and f�u thr prriud� �
<br /> ` ` that lxndcr rrynire�. Tli� in,ur�nr��arr�cr pr�ni�linL tt�r i�uuranrr �hall h.ii�u�en by Buttawrr wh�rct tu Lrud�r'.appro�al n `
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<br />_:;� � � . — ��hich�hall nut he unit:4������h1t ttithhCld. I( Hetc[u�'a:i t:ul� tu m:►intain ia�rrar:�J�ticnh��! aho�e. Lendrr map. �t Lend�r'� .
<br />~ � °� , option.uhtain cu�erage to pmtc�t Lemler'+right�in thc PnTprrt}•in acrar�ian��wiih paragrsph 7. . • ,
<br />°- All in,ur.mce pulicies:end r�me��als +hxll be arceptable tu Lender anJ �U inclade a�tandarJ mortgage clauk. Ixnder
<br /> - . ' .hsll ha�e!he right to hold the policic.�and rcnettial�. IF Lender reyuire�.aB��:r�=`m thnatice tothe R�uranceearrier'and I.enderf �
<br /> . paid premium.anJ rt:neaal nntices.ln the e�•ent af In.�. Bnm►�ser,halt� p P . _.. - ..
<br /> . Lender m:iy malce prouf<if luss if not masie promptt)•hy 8urrower. . -
<br /> ' Unless l.ender and BorroNer utherwise agree�n��'riti►�,in.+urance ptoa's�is shall be applied to mtoraiion ur repair of the
<br />- � � property damaDed,if the restoration or repair is�ronami�fly fe�asible and Lernier's security is not le�sened.If the restorauon or , . .
<br />_ � � repair is not economically feasibte or Lender's.a�uritY N•ould be Ie,sened.th�e inswance proceed+shall be applied to the sums ��..,``
<br /> = � � � , . se�,-ured by this Security Ia,trument. �chether ar nnt then due. �vith any e!►ce�s�paid to Borruwer. if Borrower abandoa5 the __,�.,
<br /> 1'raperty,or does not answer within 3�daYs a natic�fmm Lender that the irsurance canier h:�offered to settle a claim. then ;( `^
<br /> - Lender may cottect the insurance proceeds. Len�er may use the procedd> to repair or restom the Praperty or to pay sums . ,
<br /> ;.� • . secur+ed by this Security In�trument.«.hether ar nea then due.1'he 30-day pericxl will begin when the notice is given. ,. � �•-.t.
<br /> l;n!ESS Lender and Borrower�,�.hernise agcee in w�riting. any app�i:•ation of proce�s to principal shall not r�te��i er . .
<br />=_` ,� . � prn-tp�ne the due daie of the monthly payme[�cs �rred to in paragrap['�� { amd 2 or change the amount of the paymenu. if
<br /> 3` , undes parearaPh 21 the Propercy is acquire�hti �emier. Borrower'.right to any insuranc�poliCies and proceeds resulting from �;•�
<br /> , dama�z C,,T 4he property prior to the acquisitian s i�:i pass ta Lxnder to the extent of the sums secured by this Security[nstrument
<br /> �,, . .•�� , immedi��y�prior to the acquisition. `, ' � `''.'�,
<br /> , 6.Oavpancy.Preservation.MaIntenanoe and ProiectFon of the Propecty:Borrower's Loan ApplIcation;Lease6olds. •�.•;, ;,
<br /> -�� � � Borrower shall occupy.establish,and use the Pcarr�tY as Bo�T°wer's principal residence within sixty days afte�the execution of ,�::;�,
<br /> - _. ":_'.,r,..�,;.
<br />.''r . , • thic Security Instrumer=t and shall continue to accu�.+y thc ProPenY as Bo�'c�wer's principal residence far at teast one year after , ,..�.
<br /> ?:�. ; ' crnless Lender otherwisc ag�ees in writir�, which canseni shafl not be unreasonably withheld,or unless `. !"j:�ti
<br /> the date of e�ccupanc3• ne �:��i:.:,.
<br /> '': exten"a� circumstances exist ahiul are beyond Borrow•er's wntrol_ Borrower shal! not destroy. dan�e or impair the . :,;;��;
<br /> �i • propemr,�low the Property to dez�orate. or cnmmit wag�r en the Pray�zrty. Borrower shall be in defanit if any forfeiture :� ,4:
<br /> ={ • action or proceeding,whether cicil or criminrd. is begun that in Lendei s good faith judgment could result in farfeiture of tt�e �5 _".
<br /> .:,� • ;.` '`t'=.
<br /> PropelzE or otherwise nnateriaily impair the lIsn c.�rea's3 by this Security Irutrument or l.ender s security i.tuerest.Borrower maY ;
<br /> `S ` ;•,`' � ' cure sc_�,a default and reinstate.a���o�•ided•in par���h tb.by causing the action ar proceeding to be dismissed with a ruling . ; •.:._
<br />_'�t . ..'F�:::4�: .., . : . -' -
<br /> !4 '�'��•• that, en Exnder's good faith determi:wtion. preciuctes far:�ei,.�.:•�of ttie Borrower's interest in the Praperty or other material :.�,�•: ' ;..`p
<br /> � -
<br /> '� . �' impaim7:�t of the lien created by this Security Instrument ur Lender's security interest. Barrower shall also be in default if �;� .
<br /> .��f�_• Borrower,during the loan application praoer.s.ga�e materially false or inaccurate inforn�atian or statements to l.ender(or failed ,;��
<br /> ��1 to provide Lender with any material infamnatton)in connectian with the toan evidenced by the Nate.including,but not limited ;.,.,.
<br /> '�' to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security instrument is on a : _ r:;'''f�`3
<br /> ��� � teasehald, Borrower shall comply with �l the provisions of the lease. If Borrower acquires fee title ta the Property, the _ �;t.,,^
<br /> ��€ � ' leasehotd and the fee title shall not merga unless Lender agrees to the merger in writing. _ � • _'���
<br /> '�-i 7.Protection of I.ender's Rip,6ts in tho Pnoperty.lf Borrower fails ta perform the covenants and agreemenu wntainrd in :.''�;i�-
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<br /> �. . this Security Instrument,or there is a legai�pracea:ing ihat may signifi�arti.,�::..ffect I.ender s rights in tfi�Property(such ac a �,t .-
<br />='�`� . �. proceeding in bankru�t�y.probate, for conclemn�ivn or forfeiture or to enfon:e laws or regulations),d.r.a-:S.xnder may do and , �. ',1s.�.
<br />� y . , . � pay foT a:zatever is necessary to protect tht�vAlue of the Prc+�ty and f.cnder's rigi►u in�4e Property. I.endei s actions may •��•���
<br /> ' ' inclu�� payin� any Sams securat b�• a licn�«•hich has pricrty over this Security Instrument, appearing in cowt• �aYing :�._`�.
<br /> � reasonabte attorne}s'�ces and entering on the Property to make repairs. Although Lender may take action under this p:ragraph , ,',;,.;;
<br /> � 7,Lender does not hn1•�to do so. • . �`''�''•
<br /> Any amounts disbursed by Lender undar this Qaragraph 7 �hall bea.v:e additional debt of Borrower sccured by this . `= . :�
<br /> � ;r,,;4c;
<br /> �� � Security Instrument. Uniess Bonow�and Lender agrec tn arlier terms of payment.these amounts shall bear inter�i R�om the ; bt�
<br /> ;,������ `� �� date of disbursement at the Natr cz�e and shal�e payabt�_with interest, upon notice from Lender to B�nowcr ra:,uesting 11r�:��,�'�6 ''
<br /> '.',�.Z ��,,t, . . ;.
<br /> . payment. ' � `
<br /> �:,- • ..
<br /> S.Mo�tp,a(te Insnrunce.If Lender requieev raortgage insurance a4 a candition of making the loan secured by this Security _ _ _
<br /> ,,"�%�� ' � , instrumcnt. Borrower shall pay the premiums r��ired to tr.aintain tAe mortgage insurarrce in effect. if, for any reason, the � � �'r�;.Y,
<br /> ` � mortgage insurance coverage req�c�e�by Lender lapses or c��to De in effect,Borrower shnll pay tice premiums required to �_�,r
<br />'-���F �'�•'•��» obtain covera�e substantially eqcia�'eat to the mortgage imu.rar:+x previously in effect.at a cost substantially equivalent to the � � • : ,
<br /> `��`° wst to gonower of the mo»gage insurnnce previously in efC�:ct. from an attemate m��rtgage insurer approved by l.ender. If .
<br />;_�:�.�i'{� �� � substantially equivater�t moRgage insurance ai�en;;e i�not avaitable, Bcrr�:�k�:r shall pay to Lender�cii month a sum equal to -
<br /> one-twelfth of the yearly mortgage insurunce,:raniam being paid by Bnrn:�tier when the insurance coti er.�;e lap.sed or ceased to �
<br /> .�(�;;�i�i`• be in effect. Lender will accept,use and r:isin these payments as a losti reserve in lieu of mortgage insurance. Loss reserve .:,.•.,f,•: '. ..� . ��
<br /> �,�.
<br /> _ �,,t��r - Form 3028 9l90 =�:r'�ir�a .
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