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<br /> � '•f'i c; '.`` � ', , ' � in'�IOYEAIfIILS IIOW EIII5�1A8���4��ei�� � �1-
<br /> . �S.Haaard a�Fte�p�t� Ta�rgne�. Bamower s�all kap or he�e _ _
<br /> '; �. � t� �
<br /> - � `�'`" propesty ensute�l again�t loss by fire,Oatar�ds incladsd within the te�n.'ex�aded oovelage'and aay otl�r har�rds,incit�ding --
<br /> ,.:� agai
<br /> � y�` � (.� Qoads ot ftaoding.fora�vhid►Lend�requires iasurunce:This nnsur�mee s6a11 be maintaiaed in the er�ounts aad for the pedads
<br /> � .�. ...' .�: �
<br /> ,�,.• �� ti�at Leader reqnims. The insurAace currier provlding the iasurance shall be chosen hy Borroarer suhje�x to I.emler's approval �;;
<br /> ` a. � .<, . wh�sha11 nat i�e onreasost�biy with�e3d. If Borrawer faits to naainsain caverage described above, Leader may.at I.endePs � . � �,-_
<br /> , —` .° optioci.obi�i4 wver�Lo prate�L�es's rig�ts in the Progerty in��witb gatagiapb 7. . � ►�.s�
<br /> �.,.�,,=4, pll insuraaoe golides and remev�als shall be sooeptable to l�r and shall insiude a staadard mortgdlge ciause.i.eoder �.-
<br /> s � ' ��"` shai!�ave�rigdt fi hold the poGcies and tenewals.If iender reqni�res.SQrmwer shaU pmmptty give w Lender all ieoeipts of __
<br /> ':,` -
<br /> ����. -"' � paid p*���, a and renewal aotiacs.In tha event of loss,�oarnwer sh�l give prompt aottce ro the ins�uanee carrier and L$ader. . Y
<br /> �.....� ,,<.:�' y Bairowet � � �=
<br />-�� •��,,,; .�. • I,endes�a make praof of toss if not m�de P�PUY�1► e
<br /> �: � Ualess Lertder mid Bbmaarer othetarise agree in writiag,in�uance proceeds shall 6e appfied to restoration or cqtanr of the _ -
<br /> _ °.:� r> . PropettY damaged,if the restorr�tlon or rep�is is ecoaomicallg feav'b2s aad Leader's secyrity is not Iesseaed.lf the iestat�tiori ar =.._
<br /> is
<br /> •`��.. sepair I�not econo�icalty feasible or Lender's secnrity wantd be t�ssenbd,the iusw�ance pmc�xds s6all be applied W the sams� , -
<br /> �. ...�` seivr�d bp-this.Security Ins�ument,wh�her or not then due.arith any exces.c paid to Borrawer. If Boriawer abandons the __.
<br /> . �� Property.or does nQi answer�vlthin 30 days a uotire fmm Lender thdt the insar�ce rarTier has off�red to sgale a clai�,tI� _
<br /> .' ,.,:°��< Leader mxy callect the iasurance pmceeds. IRnder may.use the pmc�ds to repair or t�estore the Ptoperty or m pay sums : ;-
<br />,�r,',�;. �;':� :� ; secu�d by this Secarity Instmment.whether or not then daie.The 3Qday period will begin w�en the notice is given. . �
<br /> en
<br /> � UN�ss I�uder and Honower othertivise agree in writing,anY ePPlication af pmceeds to principal shaZ�,aot extead ar
<br /> ` , . . ° :- pastpone the due daie of tlie montbly paymeats referred to in para�aphs 1 aa+d 2 or chaage the amau�oE`t�e.gaytr�t+:Yf w_
<br />,���,_:..�:,_,ri: w►der patagrapb 21 the Propea�ty is acx�uired by Lender,Bo:mwer's.right to any iasurance potici�s and pn�is�viting fms�n __
<br /> r.' �; ' �damage to the P'coP�Y P�'ior to ehe acqdisition shall pass to Lende�to the extent of the snms secv�try�tlnis�3y�nsuvment �
<br /> � � �� �mme�liate�Y Priar to the acquisitlon. ' ' '"s ,�
<br /> - ' �'���� Leaseholds: . __
<br /> • 6.Oixnpaucy.Presecvatlau,R7ainteaanoe�ad Fttptect�pn af t�e Pmpedy,Hormwee's I.Qaw�Ap�s�ibn;
<br /> .' � ��`�: Boirower shall o�ccupy,�tablish,and ase We�+uperty as k�miwa'`s prinapai�esidence within�i�cty days aftc�.ttie executian of
<br /> � • ° thi's Security Ins�umeut and s6alt co�inue to occnpy t��y.�Bornnwer's priacagal residea�fcs�at i�st oae yesr aR� _-
<br /> ��F
<br /> � the date of oaoupancy.unless Lender othetwise agrees in wr'��,wluc�h eonsent shall not be nui�unabig witbheld,or�mles.v �.:
<br /> ,. � , . �'.i ,
<br /> �..�. -; e�pg �m_cranoes exist whicb m� beyand Borr`ower s oonuol. Bonower shall not�d�izvy, damage or impair tke ___
<br /> ; � f :� .: � � -
<br /> - ° :, Raperiy. allo�t�the Property W de,teeriorate,or camm�.f:n�ste on the Ymperty. Bar�owee�ali�'�in ckfaWt,i;f anY fosfeitnte _
<br /> ` �� . �ct�qa or pmc�diiig,R+T�ether�civil.or criminfil.is�d�t ia Leader's gaod faith jadgu�nt wuld res�lc.�t�°�feiWre aY the _..
<br /> < <� `� . , �,[��w�athetwise�naterialiy impair the lien create�c,l�y this 3ecurity Instrumeat:or Lsndex's seauity intes�t;�rrower iaay
<br /> °°� irld�d in� h 18 ransin the action or moeedin w 6e dism�a;�b+►ith a�
<br /> �, - ' '/ •�`� . .,r.�r�sur.h.a d�`7wIt and iemstate,as pro .. Pamg*dP .bl► S � P $ -
<br /> f+;lr i� tftat; in L�s good faith deteriminatiqrx,:,�necludes foTfeit�se o�;LCra Borrower s interesc irc dss�Fmper�y or o�r m�.��ki
<br /> .` � �mp�i�t o�the uen cr�by tl�iS.S"e�uity tasuument os I.e�i��,��s�aritg��er�. B'orm��r sl�aall also be ui de�3+�t�,i�
<br /> � .�; �- • • �.. ..� �isity . � •
<br /> .: :�`r:�,�{ ;; Borrower.duriag the loan agphcatian pracesc,8ave materialty fatse ot�vpasxafa?�'�arion or statements to�iader(oi faiied :
<br /> ,�....
<br /> , to provIde Lertder with siry material infomoatIon)ia conne�tion with the loan ev�Z�by the Note.ir�studing;`6ut nos timited
<br /> � �. � � to,rePresentatlons o�ncemfing Barrawer's occupaney of the propeity as a principat residense.If this 5ea�rity Insuuraeat is aa a. _
<br /> . ' ::-�;`> :�' leasehuld, Borro�ver shall anmp3y with'a11 the provislnns of the tease. If Borrower acquires fee tifle to the Property;'�.t� .
<br /> .'� ::��� .: IeasehoId and the fee tide shall aot merge unless I.endes agrees t�ths me.�ger in writipg. , . f .. ' .�.�
<br /> . - �.j 7.ProtecQign of I.e�js RiP,6ts in the Prupee4y.If Borrower fails ta petfarm the covenants and agr�e�ents contained in --
<br /> ..� ,`'' .� this Secadty Instrumeut,dt��t�.re is a legal proaeeding that raay sigAifcaady affect I.ender's dghts in the propertq(suc1�as a
<br /> _.,�.:4�.�'.._„
<br /> �-;-f;,�.:-, p�oceeding in banlauptcy..pmbate.for condeap�atioa or forfeitare or to enforce laws or regulatio#�j,then Iender may do aad .
<br />_ ' - ,_� pay for.whatever is itecessar�(to Pmte�t3xe valne of tbe Propetty r.ztd Lender's rights m the.��estY. Lender's aetions�y
<br /> . �'.:.. �.':..• :: iaclude paying.arry sams secuied by�t 3ien whictt has prioriry ar-er this Security Insarn�.,`-aPPe�ng'3n cuurt, F�.g�g .
<br />__.J�,;._.,_'��. .; rea'sonabte attomeys'.fees and entertng on the Property to make repairs.Atthaagh Lender may'iake action uader this p�agri�� . _
<br /> ° �'�3 7,tander does not have co do so. ' � � � �'"
<br /> ' � Any amannts disbursed by Lender unQer this paragraph 7 shall beoo�ce additional d�bt�•af Borrovrer secured by this "-- _
<br /> � ' _ � '.:•�•�,�� 5 e c u r i ry I n s tr u m e n t. U n l e s s B o s r ower end Lender a g r�e to other terms of paymeat,t�se amau�ts shall 6ear intemst.from the =_
<br /> , . � ��� date of disbursement at 1he Note rate and shall 6a payable, witl►interest, upon notice from Leader to BoYeower requesting =_
<br /> � . � # P���- � � � � �� �� � � %
<br /> ,. # � 8.Mortpge Insarance.If Lender req�r.rm�t�sge insurance as a coadir.�i�of maWn�-the loan ee�cr.i�,1�y this Security ___
<br /> t � Iasa'uRtent. 8orco�ver ahall.pay the premiurtis'mqnfs�d to maintain the mortgage insuiannce in effect. if, fcu?c�Y reason,the ,.M
<br /> , ` �' ;. martgage in�r�ance raverdge mqnired by 1.e�Mer lapses or ceases tfl ba in effect.Borrower shall pay the premiiims regu���a j�
<br /> � �-� obtain coverage suostantiaUy equivatent tc�the mo�4ga4ge.lnsurance previousiy in effect,at a cast substantially equivalent ua'C�e : F
<br /> � �� ',. oost to Barmwer af the martgage insaranc�prevIo��y�in effect, from an aitern�..':mortgage inaumr.approvsd by I.ender. If
<br /> ` �� � . substantialiy eguivalent mortgage insurance covera�e.i:�c�t available,Borrower s{�pay to Lender each acon���a sum e+qual to !_
<br /> ' . one-twelRh of the yearly mortgage insurance prcmiu�C�ing paid by Hoaower w��the insurance aoverage Ca�s�d or aeased to . E:.
<br /> � � ,•'A�'�`�'� be in effea.E�ender will accept,use aad�ain these payments as a loss resenre in ilro of mortgage insur�ce. Loss resen!e =
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<br /> �� .Wrm 3028 8/90
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