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<br /> , • , ,�. ymnf or property Iu�ua�n�e. Borrower sh�ll kaep the imprnvement� now exiscing or harcaftor erected oa ehe _
<br /> Prop�rty Insuted a�altut lou by Bre, haxuds includcd withitt �ha curm "ext�tled soverage" snd any o►her hazvda, includin�
<br /> ' ` tioods or rloodin�, for which i.,ender rcquires insur.tince. 'ihls� iniwrcuite 3taxli t,e m�int�l�icu In�t:c anautsts�d for tka�;t�,.-i-,"�„� _-
<br /> �hu I.ender rcquira. The uuurmce carrier pmviding tha insuranc�e shaU bo c�inu� by 8onrowor subjact co Lendar'� opprova�'�
<br /> which sd�ll rwt bo unreasonibty withheld. If Bormwer faits « maintun cavcra�e described abovo, L,ender may, at Leadar's�
<br /> op�ion,obt�in caveca�e�o protest Ixuciee's ri�tua in cba Pr��ety in�.ccorda���:�with pu��raph 7. W -
<br /> All iayuraace policia �nd rcaew�ls �h�11 be accepu►ala ca Loadar a�nd ihall iacluda a stuuiud m�nga�a clause. I.ender�
<br /> sholt have the ri�hht co hald the policie�u�d ranawdx. If l.endar raquin:s, E�n'r�wer shdl promptly SiYO to Leader sli reaipt��f I�i
<br /> pdd premiurn�aad rrnew�natfca. (n iha ev�nc of lass, Harmwar sh�ll Yiuo proeapt nadce co the iaturattce carcia oad L�ender.W
<br /> L,ead�er may make prooi of loss if noe mado pmmptly by B�n�wcr.
<br /> UNeu Lrnder�pd Bormwec otharwiio ag�o Itt writing, insttr�tc�co ptqceeds sdall be applied to restoruion or repair of the� --
<br /> properry dxm.rod.ii che ra�orufon or cap�ir i�econamiaally feu�sibla�►nd Lrnder's sxuriry i�noc leueaed•If rhe ratontion or
<br /> repLC is no�xc�nomically faaible or Leadcr's sauriry would ba lasa�ai, the iniuru�ce proceads�hall bo�ppilai w tbe sums
<br /> secured by �hu Secur[cy tastrumenc, w4o�har or noc �haa dua, wich any eacae p�id co Borrower. If Borrower abeadoas the�
<br /> Propeny, or does noc answer wi�hin 3Q d�ys� nn�ice Fmm Landnr�h�c the insurance carrier h�s offered co seule s claim, �henpp
<br /> L.ender may collact che insur�sce pcocoedc. Lcndar may usa �ht�pracRxds to rcp�ir or restore �ba Pooperry or to pay sunuo � r�
<br /> secured by thu 5ecurity Iastniment,wba�h�r or nai ehca dua. 'Tde�3A•d�y period will beain when che nacice is given. N
<br /> iJnleu i.ender aad 'uorrowec oinerwisa a��ee iu wiiituy,,�tij�• ap�,ltcatica�i Na3i.c2u5 IG YL�w+Cij.w :a:: NV� e,.-te:« :.:'"'
<br /> poupone the due due of th� montlily psymattF roferrnd ta.itt p�►tr�graphs l and 2 or change che amount of the p+�ymeoq. If
<br /> uadcr puagnph Z1 the Property is xquirr.d by Lendnr. Burmwur's right to any insurancc palicies and prceeeds resulting from
<br /> damage t�che Property prior co�he acquisidon shdl p�ss ta I.�nder ro the extent of�he sums secured by this Securiry insnvment W
<br /> imnxdiuely prior[o che xquisition.
<br /> b.OccuNrncy�Pl'�6EEC�'ALI00� ;Naintaaanca and Protn;tion ot t6e Prnperty; Borrower's Loan Appiicadoa; Leax6olda.
<br /> Horrower shall occvpy.c�e�blish,and•uso�ba Prapect�at Borrower's prinr.ipai residcncc within sixry days after[he execution of
<br /> chi�Securiry Ins�rumenc a�d shall concinuc��aoccupy d�o Propeny as Borcower's principal residence for az least one year after
<br /> riu dace o!cecupancy, unte:ss f:.tnder otl��rwise agrees in writing. which consent shaU not be unrea�nnably w9t�eld, or unless
<br /> e�tznuating circumstuua exisc which arn beyaad Borrower's coatrol. Aorrawer shall not destroy, damage or impur tb�e
<br /> propCrry. allow tho Properry [o deceriorate, or commit wagte on che Froperry. Borrower shall be in defaulc If aay forfeicur�e
<br /> �tion or proce�ding, whecher civil or criminal, ie begun that in I.ender's good faith judgmant could result in forfeiture of the
<br /> Propecry or otherwise materially impair ehe lien creaced by this Securiry Instcumenc or I.ender's security intecest.�orrower�ay
<br /> cure snch a default and roinstate,as provided in puagnph 18. by causing�he action or ptoceaiiag[o be dismissed with a n►lina
<br /> [hac, in I.tnder's good fuch determination, precludae forfeiture of che Borrawer's interest ln che Proporcy or other material
<br /> impairmeat of tha llen created by this Securiry Instrumenc or I.ender's security interest. Borrower shall�Iso be in default if
<br /> E3oerower.durin��a Iow applicuion pcvicess,gu�o .�«�i�liy f�tsa ar inx.sur�sa issfatas.°sioa or S�9SCnI�C�te� I/�fI�P.�rAf flllEd
<br /> to provide[.eader wi[h any mated�l informeNun)in connection wich che loan evideacecl by[he Note, including,but rat linaJted
<br /> to.repcaentacions concxrnin�Borrower's occupaacy of the Proparty as a princip�l raidaace. [f this Secuticy Insaumeat is on a
<br /> leasehold. Borrower sh�ll wsnply with �II the pmvisiAns of�he lease. [f Borrower acqui�es fa title to tha Pcupetry, the
<br /> leasehold and the fa title sh�l1 noc mer�e unles�Lrnder a�r�es co che mer�er ia wdtin;.
<br /> 7.Prot�etbo o�Leader'a Rlihb W the Pt�operty. [f 8ormwer t�ila co pedorm cha coven�nu aad a�rxmen�s couu�d ta
<br /> this Saudry Iniaua�ent. or tbere ie a les�l procadin{chat m�y �tjnlflcaatly �ffect L.ender'�dthu in the Propecty(such�a
<br /> proceedin�in b�nktupccy, probae, for coad�nnulon or forfeiture or to a�force laws or ce=uluiorul. cheen Q.ender nuY do+ad
<br /> p�y for whuever is neces�ary to protxc the value of che E�roperry u�d Leader's ri�hha In the Propercy. 1.ender's xtioos may
<br /> include payin� �uny surns socuced by a Hen whkh lu� priodry over this Security ln:cturneac. �ppeario� in court. p+rini
<br /> nason�ble utoraays' fas and entering on tha Propercy to make repairs. Although Lender nuy take�ction under�his p�r�ph
<br /> 7,[.ender doa not hsve to do so.
<br /> My unouaa disbursed by L�eader under �hts paragnph 7 shall beco�ne additionel dabt of Borrower secured by this
<br /> Securicy Insuuinen�. Ualess Bocrower and Leoder agree co other urcns of paytneat, these amounts shaU bar iaterat from the
<br /> due of disbursement at the Noce nte and shall be payable. wich interest, upon cwtice from L.ender co Boctower requestin�
<br /> paynxat.
<br /> 8.Mort�s=e Iasuranca If Lender:equired mongage insurance as a condition of m�ktng tha loan secured bY thia Secutity
<br /> Instrument. Borrower shall pay the pnmiwns requiced to nuic►taia che morcg�ge insurance in effxt. If, for oay reasoa, the �:.+
<br /> moKgs►�e inturaace covenge required by Lender Iapses or ceaoes to be in effcet. Botrower sh�ll pay the premiwns reqaiced te ,. •
<br /> obtain coverige substanti�lly equivuen[to c�e mortgage insurance pc+eviously in effect.at a cost substaatidly equiv�leat to the „�,
<br /> cott to Borrower of che mortgage insuraace prevlously in effect. from an yteraace mortgage insurer approved by I.eader. lf •
<br /> suMtantially equivalrnt mortgage insur�nce covenge ie not av�llable� Borrower s6all piy to Lender each month a sum eqwl to r;,p,
<br /> oGC••twelfth of che yearly moccgaqe insurance premium baing p�id by Borrower when the iasurance coverage lapsed or cased to
<br /> be in effect.Grnder will accept,use and retain thae payments as a losa reurve in lieu of moctgage insnruica Lou ttiserye
<br /> Form 303� 9/90
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