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<br /> `z�. ` . . 5.Harard or Property Insuraace. Borrower shaSl kcep thc impmvcmt�u now cxi�tits�ar hemafter eraxed on thc Pro�Crty � , �
<br /> �`� ' insw�d agaizut loss by fire.harazds inctuded wiihin dtc tam "cutendcd coverage aad any other 4a�rds.including tlaods or . � .
<br />` :j� tiooding.for whicb l.ender cequires in.suratioe.This insumnce sfiall be maintainrd in the amtaunis and far ihe periods that Lende� , •
<br />�� ` requires.TRe insurance carrier providing�he insucance sha116e chosen by Bmrower svbjcet ta L�dt7's approval w6ich shall not . , �
<br /> � � , be unreasonably crithheld. If Baamwer fai{s m maintain covcrage dcscdbed above.I�der may. at I.cuded's option.obtain
<br /> .;•;: � ooverage tn pmtect Lender's rights in the Froperty in accardance with paragraph 7. , -
<br /> -' • —� All insvrance poliries and reaewaLs shall be aax.�ablc to Lender and shaU indude a standard mortgagc clausc.I.ender shall - -. ,
<br />�•%�, have the right to hold the policies and r�ewals.If L:eader requires.Borrower shall promptly give w Leader all receipts of paid
<br /> " . � �emiums and cenewa!noticzs.In the eveat of toss,Bmrower shail give prompt nolice to the iasiaanx caaier and Lender.Lend� .
<br /> '� may make pmof of loss if not made pmmpily by Boaawer.
<br /> i UnIess I,eader and Bmmwer otherwise agoce in writ(ng,insurance pioceeds sha11 be applied tn reswration or re,pa'u of the .
<br /> '.�' . � Propeaty damaged.if the resroration or repair is ecanamic�lly feasi'ble and Lendtr's security is a�i lessened if the resroration or .
<br /> `'�,• rePas is not economirally feasible or Lendds security woWd 6e lesseued,the insurancc pmoceds s}�all be applied w tbe sums
<br />`� ` seceued by this Saauity Insuumea�t, whcther ar not then due, witb any excess paid tn Harrawer. If Borrower abandons the
<br /> 'r'`• �P�Y•or daes not answer withia 30 days a nutice from I.euder t6at the insurauce camer has offt�ed to seule a claim,then :r.`..: .
<br /> :�; � I.�dea may coIlect the insuzance pmc�eds.Lender may use the proceeds tn re�air or restare We Piopeaty or to pay su�ms secured . -
<br /> :�'• . by this Seuuity rn ,m s w�ethe7 or nat then due.The 30-day period wiU begin when�e auiice is given. . -
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<br /> ��: � Unless I.endec and��sower oihervvise agree ia wridnS,anY aFAlication of pmceeds to pr�ncipal shail not extea�d or postpone . ; • .
<br />;.�t " the due date of the montl�Iy paymeats re€crced tn in pamgiaphs 1 and 2 ar change the amaunt of the payme�ts.If�nd��agraph
<br />:.:;F 21 the property is acqused by l,ender.Etur+nwer's right ro any�svsance poticies and princer�fs resutiing fram damage oo ths , • . .
<br /> "';� - �Y Pnar to the acquisition shaU pass m Lender ro the extent of the sums seaued by ihis Security Izu�umea�t immediately �- . -.. .
<br />' t i prior to the acquisition.
<br /> '�'? �� 6.U�a�anc9,Pres¢rvatfion,MainteaantaP and�atectEaa of tdie Froperty, Borrower's Loan AppUcatton.Leascholds. ';:.
<br /> •,;;; ' Borrower shal]occupy,establisb,and ase the Property as Borrower's priacipal resideace within sixty days after the acecuuon of ,-:;",....'
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<br /> 1;•,`} this Seauity Inswment aud shaU contiaue tn oaupy the Praperty as Borrower's principal residence for at least one year af�the . :;;�.,,;,� ,:.
<br /> -. ` � � ' dats of occupancy,unless Lender otheiwise agces i� writiag which consent sh8ll n0i be anre3snnebly withheld, or un1eSS ....e,.
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<br />�?,;� �rxtr�nata�g c�tances eaist ahich are beyond B�wcr's conuol.Bomuwer shall n�i destroy,dama8e or impaa the Pmperty, .,,, •.:�:i <
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<br />;:.�F, allaw the Propemr o�deterioraie, or commit waste�dte P�opea�t�r.Bom�wea shall be in default if any fmlfeit�ae aqion or , � �
<br />'�'.r;` . , proceed�,whetk�civ�or crim�al,is b�m tLat�I.ender's ga�d faith judgment wuld result m forfeipue af the Pro�y or -- ', -
<br /> :,;� . otherwise matelialiy imp�the tien cr+�ted by tl�iis Security�t or L.aider's seauity intraes4 Bomower may wre sur�a - -= -.{J,;.�;_;�
<br /> . default and reia�t�,as pmvided in parag�apfi� 18,by caus�g the aaron or psoceeding to ba disrnissed a+it6 a ml�g that,in .
<br /> � `` ° I.eudea's gaad faitb detenninadon,ptectudes forfc's�r�of the Borrowe,r's�terest in the Ptope+ty or othed matexial impaument of � :>
<br /> '� the liea cteated by this Security Instrumeat ar I.end�'s security intea�est Borrower shall a}so be in defaWt if Haca�wer,d�g We ,:•,�'
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<br /> , ` ;.� 'r Ioan application pracess.gdve matrrially false ar inaccaraie infom�ation or staiements w Lender(or failed t4 provide Leadea a+itb ,t, +rN
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<br /> _, x �,,-:,.,.. any mateaial int'omiation) � connection wilb the taan evidenced by the Note,including, but not limited w, repre,sea�ratious , `''�n,,;fi_
<br /> :�•�•� �.:�.� conce,�ning Brnrower's occupancy of the Pmp�ty as a principal residence.If this Security Insuament is on a leasehold,Bormwer .
<br /> _� '�: '�': ';� shall wmply with aU the pmvisions of the lea�e.It Saa�ower acquses fee tide to the Property,the leasehold z.nd the fee ade shall . �: :'..`��
<br /> � ` noi meage uWess I.ea�der ag�ecs to ihe mergcr in aRizing. � '!
<br /> ::;;�: . � 7.Peai�ction o!Leader's ts in tde Pr ff Barrawes faiLs w �. t���"°
<br /> ::,•,i . Liigh aPer7Y. perform the caveaants and agreements contamed in �.,,- :
<br /> . this Sec�Ly Insuument,or�hete is a Iegal pmc�eeding that ma�s.�'�cantly affect Le,�Qet's�Ls m the ProPertY(su�as a ..;�,.�. _
<br /> Y ,.-, •,� ..^� proceed�ag in banlauPu7+,Pmbate,for condemnation or forfeiUUe or to enforce laws or regulaz�ns),ihen l.endea may do�d pay .
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<br />'._.�:'` for whatever is necessary w protett the value of ttte Property and Lca�der's rights in tho Pmpaty.Lenda's zs�flns may include . ,,, �.;
<br /> �;`'.` � PaYmg any sums secured by a 1�en whIch hz�s QriaQaty over this Securiry Instrumenl,appearing in oa^.ut,�."3+ing reasonabte . _ .
<br /> `=:�`; attomeys'fees and entcaing on the Prop�ty to make repairs.Aithough Lender may take acfi�n nndea ihis p:ragraph 7.Lendea ' �,�: �':.
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<br /> ��;�'.r does not have w do so. �_ .'�r;rs�,':"
<br /> ��_ ;.', :: pny aa�nunts disbursed by L e a i dea un der t h i g paiagrap h 7 s h a U become a d d i rio n a l d e bl o!Batrower secur e d by t his Security �c•.;,,5i1;.,,
<br /> ;�`i" .� Insm�ment 3�nless Batrower and Lendea agce to other terms of payment,these amovnts sshaall bear interest from the date of . �:
<br /> ,,,-�� � disbursem�st at tha hot;s�e and shall ba payable,wiila intcacs�uPon notice fro�Lender tn Borrower requesting paymenl. ... �..
<br />:;:���, � 8.Mos¢�,age Iasm�anoe. If Lender required morigage insutance as a condi�on of making the loan sQCnred by this Sc�uriiy .,
<br /> ;�;� ; InstrumeaX �oirower shall pay the premiums rcquired w ma�+�the mortgage insuranoe in effec� Ii, for any r�, the �
<br /> � �°a , . mortgage insmance covaage reqvirod by l.enda 1Apses or ce�s an be in effect,Borrower shall pay the pzemiums req�ai to . .
<br /> ��.'t obta�cov�age substantially oquiva�ent w the mortgage insurance previously in�efPect.ai a cost subs�anaaliy equivatent ro the . � . �
<br /> ����'' cost to Boirowar of the mo e insurance reviausl m effecb from an attemate mort s�mz y
<br /> ,.,.� �S P Y � $a8e u�surer ed b l.ender. If
<br /> .:� '! substantially eqwvalent mortgage ins�ranca cavcrage is not available,Botrower shall pay to l,e�d��n�th a sum cqual to • •
<br /> :' �•:'� on�twelfth of the yearly mortgage insurnnoe premium being paid by Barrowe�when the inswrErr�e coverage lapsed or ceased w �
<br />�'�'.�'. be in effect Lender will accepb use and retnin thesc paymeats as a loss reserve in lieu o!c�II�[gage insurance.Loss reserve . �
<br />_`k'��.�z . '1:.. Form 3028 9l90 "{���I�
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