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<br /> � � � � � 98 �.�3 �
<br /> ����`` '`�f� i�snraa�c. Barrower shal! tce�Q the�atproveaients aow existing vr he�cpaRcr e�cxed oa the =
<br />- . 5. HazarB or Frnpetty :�
<br /> `` property insured against loss by fue.ba�ards uutuded within the term"extended cove:age•�d aay otGer bazatds, inciuding �
<br /> '' ._._"� • tloods or ttoodin�,for which Lender require.s iasu�$aoe.This insurance shatl be maintained ia tne amouats.and for the periods �
<br /> .t; �'.��. :; ;�• Wat I.ender recpuires•'t'he insaraace cc�nfer pmviding the insuiance shafl be chosen by Borrowec s�jea tn Zr�der�s a�'+a1 �
<br /> ' whi¢tt shsll a[st be it[u�ot{ably witllheld. Ig Bottowec faiIs W�+aintain�vetage dCSCrt'bed$6ove.I�md�r may.zt laader's =
<br /> �ri: ID B�pId8up6 yyit�p2Ig�i'dQ�Z. �
<br /> • "" opiion,o6tain wverage to protact ixn�er's rig�ts in tl�ee Rvperty' -
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<br />,_�:;,-�;:_:>;��r,....��:� � Ait insuranoe polides a�reae�vals shall be aooeymb2e co Leffier aQd sball ias3ude a staudatd moagage ctae�.I.ender __
<br />:>ti.:;z,_N.�...__:_.�_ �aave the right w tmld the policies and renewats.If Lender requins.Borrowee shall pmmptiy give to Leader sA neceipts of =
<br />-y;;�.�::::.:.s,:-�:�,: geve pmmgt raouce to the ia�ura�e carrier and I.ender.
<br />_"�`,;�;'`h 5'�.'�';'�''; 9�F��aad renewal nodcc.s.In the event of 3oss,Bo�rower sLai! _
<br /> ;;;:,:.;:,;;,�,r;.;:_.;r;�. P.ead�e�may make Fraof of Eoss if aot made promptty by Borrawer.
<br />���a'«.�' ..tln2ess lander and Borrower othetwise agree in writing,iasuranoe Pmceeds sball be applied to�storation or nzpair of the
<br /> -�{.Y° FcaPats►damaged.if the re�oration or repair is eoonomIcalty feas�'bla and ixnder's se�uity is not lessened.If the restoiration or _
<br /> `�. ,}. repair is not eoonomicatly.f,taaible oF I.ender's security wou2d be tesseae�J,the is.�,.��proceads shall 6e a�plied w the swas
<br /> :,``�� ,:: .^` seWred by this Security,ltiShuiqetit::'wlietiier or aot tkea dne,with any excess paid to Bocrower. If Borrawer abandons the
<br /> .- _ ;, :�;�;. Property,or docs aat ansi+iei':iviWin.3{f:deys.a notice from Lender d�at the insarance carrier has offend to settle a ciaim,then
<br /> , . LeAder maY coUect tP�e;itisurmi�¢�'ace�ds. Leadu may nse the prace�s to repair ar resmre the Propert�;At te gay sQms
<br /> .` . , se►�nred by this 5oauity i�una�en�wheti�or nat di�n:dae.The 3(May period wilt b�giu when t13e notit�is:�i'�n.. .
<br /> . �=:=:T� ,,:;'Untess I.ender uad Harrower othen�ise a��.iq;wii'�ting.anY agPli�ion:af ptri�ds:m P.�'.ti�`4b�17�;in';?�.•eatend or
<br />. .�. ���.,- �tpame the due daze of tke aionthly payments refened Eo is►pacagtx�hs 1 aud 2 ar�:the.i�oflnt of���aym�os5crrk�. _
<br /> �i�B�Ph 21 the Property is acqnired by Lender.Boimwer'g�iglit�tn any ins�}rate¢e poifc�s and praceeds�resulting;�.:
<br /> ' ,,.,,."� ',;'�image to the Property prior to the acquisitian shall pass to Lender to t[ie eicfent of.tite s�ns secured by this Sep�tity Instrumedt� --
<br /> �:�•ut�paediately prior w the ac�quisition. er's Loan Appllcatio�Leaschotds.
<br /> quisi
<br /> . '�•,.��`.� � ' PreseraaHag,Ndai�►teaance aad Prai�ctton ot the Property;�W
<br /> ".:.�� 6.Oacap�ancy,
<br /> �;'. �:::�`.��� ;Eormwer shall oa:apy,establish,and nse the Property as Hormwer's principal zesicfez�re within sixty days after We executioa of :
<br />`.'•r, . .�.:;' '',�. t:
<br /> • �;,;,�.. as Borrower's piincipal tesidence for at least ane yeat aRer
<br /> .. , .. �� . ,,this 5ecurity�tnunent and shall conrinue to ooca��y the FmpertY
<br /> � � • � �� �•,,:��date of occupancY,unle.ss Lender othetwise agrces in wridng. which consent shaU not be unrrasflnably withheld,ur uW�ss
<br /> • . , .�.�natimg circumstamces exist whicb are beyoml S�oa+er's co�o1. Borrowe�.`shall not destroy. damage,ur imPa� the
<br />-.:�_,,,,•-�• .. : .:.,!�,.. ..
<br /> . .:';�, . ;•�P�Y+allow the Property to deteriorace, or osa�fic:"±a,�aste oa tlie PmPertY. &�!ispwer shaU be in defauit.��!�ay forfof the
<br /> actIan or prcya�ing,whethet rirn'1 or criminal,is beg�'�at in I.ender's good fait�judgment souid t+esutt irF.�
<br /> � �?�t±gpeity oi`�2�t�rise mate.sially tmpa;r tt�s liea created by this Secwuit�'.Iustrument or Leader's securiry interes�:::�'sp�+e�;�►
<br /> '�� �` action or ro #r�be Oisa�'���s�Tr.,��
<br /> �J� �'F �` rt��uch a ae�ai�ti and reiastate,as pmvided in paia,g�aph 18.by c�.��ig,i6e P ��S_..
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<br /> "�` '';°��ia L�ieiPr's aaQd fA._ia�i+7�termination. pr�tudes forfeiwre of th��$ormv�!et''s.�rtterest��-9sm�,!?k!`'�'���' -
<br /> ` ` %• • :�:` �iment of the lien cieai�.by ttds Security Insu�ment or Lesider's�spcutig xc�•�st. Boixowelc snal! aivl;;i�;•2�a dc�'auh if -
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<br /> .. .. ,�y Bor�ower.dnring the laan applicadon pmcess,gave materiafly false or na�aoa:�a'.2�i�uon���to�irler(or failed.
<br /> : . "�,� .. ,'.; r:.:� to pmvide I.ender cvith any material u�'atm�ation�in cannectlon wlth ifi��uan�Y��by the::k�d�.t.Iacluding,bnt not limited —
<br /> : : . �"� ,ta.rePresentations wnceming Bomnwer•s�aocupancy of the Property..a�a:prir,dp�`?�sidence.I�'�Jtiis S�t�ty Insm�n�is oa a
<br /> �.:'�..,•�: �,;y :r� 3easekold. �orrower shall oomply witb all the pmvisions of the l�as�: if 86.�+w�r acqaires fee dde to she Property, the .
<br /> �"�'-"'. :� leasehold aad the fee tide s2ia11 nat uierge qnless 1.ender aigreES to the merger in wr'sting. . . ' .�;.:'
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<br /> _ : ,t��. .;:� . ?.F[otec4lon af I.eade�s Righta ia the Fi»periy.If Bortawer ft�is w Perform the covenanu aad agrQmirteaits oontained in
<br /> � � t I �ff e c t I.e n d e r's ri t9 9n the P�p e t t y<such�� a
<br /> 4 this Securiry;Insdvmeat.os there is a l e g a l pm c e e d i ng t h a t m a y s i�t u�C a n Y �t► :�;.
<br /> ,:'`�; i: Dr000edin g ii��anlau ptcy, probato, for wndemnarion os forfeiwne'qx ro enforce[aws or regula�aar.s�,ihea 1�der maY d,u�l
<br /> `` � to rotea che value of the Property and Lender's rights i�t the Property. L,e�et's'acd b n s'�aaY
<br /> �,. .:` � ;; pay for what�ver is neoessary P
<br /> ,_�,'u �' ���`;),;; include paying any su� seaued by a Uen which has priorlty over this Secur�qr L,svnment. appe�dp8':ml:co�, Pa3►�ffi
<br /> _ . '..,. ��= reasonable attomeys'fees and entering on the PrapertY to umke repairs.AltDough,�der cnay take acdon urnie�tlais paragraph
<br /> ':'�.�#fa�•��'�� 7•Lender does not have to du so. �
<br /> ..�a.j�'�!�7 Arry,amounu disbuised by Lender under this paragraDh '7 sha11 6eoora�additional deb�of Borrawer se�ured by this
<br /> �; ,, ,,.�:;�. �
<br /> '' ��� Security Instmment.Unless Boirower and Lender agree to other tem�s of paym�ati;'these amounts shall beat interest from the
<br /> � ' `g� date of disbursement at tJt�Note rate and shall be payubte.wlth intemst. ug�+nrstice from l�nder to Bortower requestiag
<br /> .. ` •��'�.. ��'( paYment. �:�., .:::
<br /> . :;; s 8.Ma ,Y�.If Leader.�equired mortgage insuraaxa#�r.Rs�con�i�ci��of matdn�the loaa secured by this SeC�td�Y
<br /> - � . Instnime.nt:�s�rr s6�1�:'��y the pr�iums requirod to maur.��'rin f�.e a�ortgage insuraaoe u��r�e�. If.for atry reasar�,.�tte
<br /> ' �, 'mortgage in5u�siice oav�c��luired bY 1.e�der tap.scs�c�ceaSe�s.to��e ia e#feCt:��'ower slini��tay the prem��ams rajuicod to
<br /> obtain oovcrage substa�3i�'3��ilvalent to the mert '"�.�.,i��raace previous�y�a'�i'f,f�h,at a oa'st substantialJ�rsq,aivalent to the
<br /> -�,ti�,.,��,;:°i,•�,:,�,, , oast�o Borrower of the ici�stgage insumnce previoos�J�, eff'ect.fram an atteam4�mortgag�iasurei agg�nvad Uy Iender. If _
<br /> ..�.�'r�;';;,;:� ��,' substantially e9uivalent mortgagc insuraace coverage is not aveilable.Botrower sh�i pay ta Lender each rnm�h s sum eqoal to
<br /> , ;��,f�,i, , �',�',� one�twelfth of the yeariy mortgage lrtsurance preraium being paid by Bormwer when We ia�urance oovera�e lapud or o�ased ta
<br />- ;`;ii:'�'.��,..� � be in efiec� Lender wili accept.use and retain these payments as a toss reserve in lieu af mortgage iasucance. Loss reseive
<br /> `.j'��.: ;.� . . Farm 8028 9J80
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