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<br /> . S. Ha�nrd or�stY tasnrna�.Borrower shalf geep the improvemeats now existing or dct�eaf't��ecc��� o�t�e �� .;`.
<br /> `� Property insuted against to�by fue.hazards iaci�ded withiu the cerm'eatended coveragc"aad any oth.^t b�nsds. inctuding
<br /> ' _; Qoads or flaading,tor wbic�1xtWer requires uuutaace.7t�is iasurance shati bc maiawiaed in the umo�►ts and for the pi�riuds � .
<br /> ; that t�eader cequlres.'Ihe insuranse carrier provtding the insurmtcc shall be chosat by 6arrower sub}rri co I.ender's ep�mval �:; �`.
<br /> wblsb shall not 6e aatrasoaabiy withhetd.If Bomuwer fails ca maintaia coverage described aDove. Lender may. at i.ender s ;:�::°:'
<br /> ` option.obtpia cn�erage m pmtec�Ltinder's tights iu the Pm�ty ia a�cordance wiih paragtnph 7. � � �.
<br /> , � Alt iusutanoe policies and renewals sha11 be a�aeptabte to Leader and s4ai1 Include a standard mottgage ctause• 1..ender .
<br />. , shall have she dght to hold the policies and rea�vals.If Lender cequires.Borrower sha11 promptly�ive to Lender alI reo:ipts of -- -
<br /> - - �1 paid piemiuma aad ten�ewal nottces.In the event of toss.Bomo�ver shall give prompt not�oe w the iasuranoe carrier and Leuder. ----
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<br /> _ '. � I.ead$r may make proof of�oss if not made prompQy by Bon�ower. � �-
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<br /> _ �� . ': UNcss Lmder and Borrower otherwise agree in writing,insurance pmoeeds sball be applied to restoiation or repair af the
<br /> � `�•=i Property dataaged,if the restoration or cepair is earnomically feasible an�Ixnder's sei.�urity is not I�ned..(f th�testmatioA or
<br /> - � �-•.;� repaa is not ecoanmicalty feasz'bIs or I.eader's securiry woutd be tessened,the insprance pmoeeds sha11 be appli�tu th�sw� .
<br /> - '.'.� secured by tWs Secauiry Insuument. whesGer ar not then due. with aay excess p23d[o Borro�ver. If Bmro�vet abandons tlte i'.
<br /> . ,;;,;� Pmperty,ar docs aat:answer wiWin 30 days a notl�fmm i.aider that the iasu�.nee cazrier has offer�d.ta_seule a claim.then �' ',/
<br /> Iradec may�oltert tha fnseuance pmceeds. L.eader may use the prboead�w r�ps.ir or restore the Pmpetty�ar ta pay swns s
<br /> . _::e{ �uied b�r this S�Gast�ument,wh�her or•not th�en duc.T8c 3MiaK psr�ad will begiu whgn the aotic�i�gi�en. •`.',:. :
<br /> . ,.:� UnIass L,endet�d�,8osrow�otherurL�e ag�ee ia.wiiUaB. a�ap applieatIon af proceeds tb prin�pxt•sl�ll•not extead or y.�'�;-`,
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<br /> -, po�tpoua th�dite�at�af ttlie monthly gayments refmmed�m in p�I�fi t and 2 or ct�u�ttta ara�unx of th�payr�nts. If
<br /> , �t ', �mder pa�g�@ph Z��'ie�roperty is acqutired•bs'Ze�r:Sornnv�s rig6t to any insarance po�icles aad pmceeds resalt�ng from
<br /> '�t`G�:'" ,. •.�s ffi�:�0�.5�l:mior to th��acqaisitiun-�E��s m Ienstcr m the e�ue�of the suaLS�acot�ed by�.Se�aVity iastrwnent -
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<br /> ',u� �� ° f�.��gt�dr ta�acquisitian. . � f _ � � � . � � '
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<br /> �"�����,,., � Ct.t�ro�C��nns�CeB�si Ftaie�tfntL tt�.�te Property;gO�tOw�'��1��SiAp�c�o�'>�.
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<br /> -�r���,� ' ' H����;�Slish,a�fi.nae t6e�xa��`n�aS Ea�.�s grincipal residcnoe�vah��-�a,�r the e'�.'t�a of ' �'�
<br /> - `?�.v,. �'�r :� tmm:�r3�t1 shall•�to.a��r�se Pcop�+���Borut�'s prfncipai�ee:s�s�t;?east one yeaz after `��1f��
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<br /> �.:�,�4,-,�' t#g�3���ocs�a�;m�:�s Lectde.r ar�i��in R7if�i�+�cie�sLaU not be uaoea.��a`h.'�svithhe�d,or uatess f, <
<br /> , �, �!; ,.� � . �,�;ucist a�b€eEc.�e�og�.t�iroarer'$�1:.�.�er shall not dastra�,.'+�age or i�mpair the �3
<br /> '� '-;f�� , � �.;� Fto�raig;s�u+��e��tY to dei���ar•�rii aras��•��.Horta�rrer s6AU.be�mc.'�iit ff any forfeiwre `.
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<br /> `' ' ,����,f't. � , 3t3�ou-ptc��g=��er civl at cfimival,e�.'�r.a t��'Ti��c's�od faith Jadg�:t .mu.�d..r�s"'rtt in forfeiture of the
<br /> ' :t..;� r}.: � Ptapecty or ofheccvi�e s�erially impair the liea aa��L�r titi�is�ec�«�t or L�ct'�c''.s.��Boaower may �
<br /> ,.... � � �`� caue sach a defanit�a�d reinstate,as pmvided���r�3,�'�g��"fion or praceed`iag ta�'���wl�h a n�ling .
<br /> .._f � �� that, in Lender's goad faith�detecmiaat��n,P�.�fuf�a��#tl�e Borrower's interest ia tite FEc��:ti�r ather�iaeteclal
<br /> r< f �'`, impaimm�ni of the lien eteated�bS�tGSs Secnriry Insuumeat ar Ti.��der's serurity intet�est. Sorconrer si�aTt�so-be in�it if � � �`
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<br /> Bo��r,during the Ioaa app3IcatIbn procsss.gave mater�alty false oc inaccucate infoimation oe statements to Leader(oc fa�ed ;
<br /> ' ' ,``•;���;±';;;. . w provide Lieadcr witTi any materFal imfosanation)ba oonneaion witb ttte toaa evideaoed by tlie Note,inaluding;bnt not timited �,*�.
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<br />_ . . .... -:J�= � , to.cePres�tations conceming Borrawer'�oxapauey af the Property as a priucipal�es�deaoe.If thla S�tnridy ins�ment is on a �;�i.',.:
<br /> ._ _._ Ieas�old. Boaower shaU ror�ply aith all the provisions of the lease. If Bou+nwer acquires fee title m,tha Property. the ;;,?.�..
<br /> - . - � � leaseho2d and the fee dtle shall not mrrge�mless ixader agrces to the merger ia writiag. � .
<br /> � 7.geoteation oP 1.�d�'s Righ�f�tQ:°ruF�ty.if Borrower fails to pert'orm the covenants a.a�S agr�ments conteined in ��-?�:�:
<br /> � Wts Secutity lnnniment.or titere is a legal pr000eding tliat may signiticantly affect Leader's aghts in the ProPertY(such as a �'""'
<br /> � �. '-- -`�=' � proceedIng in banktuptcy.probate.for coude�uatioa or fodeiaue or to enfone laws or regulatlonq).then Leader may do and '�.��
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<br /> � �: . pay far whauwer is ueoessary to pmtoct the value of the I�+aperty aad Lender's rights in the pmperty.Leader's asdons may :'°��'
<br /> ..,;,':�;,:r;:,'���� inctud$�Pa9�� �Y saras secuzed by a lIea ahicD has ptiority over tt�s Seeuriry Insmunent, aAPcaring in coun,.PAY3ng `�`.���
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<br /> ... ,t , ,:y.,�� rea�on�blu�attorneys'fces aad�t�ing on the Property w mzlce�paus.AIthough Leuder m�y take a�on uader thia paiagraph } _'
<br /> "`•�`�'.° 7,Lenderdoes not have to do so. --_
<br /> ' .. �" Any amaunts disbuised by Lender under this paragrapb 7 sball become addit�ontil debt of Botrower seaued by this -_
<br /> . Secattty iasdumffit.UNeas Borrowet aad I.eQder agree to ottier cenas of payment�these amounts ahall bea.r iute�est frora the _
<br /> �� i+.�. '; data of dlsburseaunt at the Note raic and sball be payable.wi[h interest. upon notice fmm I.eaQer to Borrawer requesang � –
<br /> PaYment, .
<br /> , � - td.ri�oKgage Ims�nance.If I.ender�qutred mongage ia�ance as a condifion of maYiag the Ioan secured by this Securtry --•
<br /> �.' ��' � ::.;,f InstctuneN. Bormwer ahall pay the premiums mquic�ed to maintain the mortgage insufance in effect. If, for any masfln,the
<br /> � `°,;�::'�.�;, _;�,} mort�uge insuranoe coverage required by LEader fapses or ceases w be in e�Ct.Bomnw�er sball pay tho premtwas required to .
<br />=', '-`.;`'�tr:;;:i'�,..,a; obtain cis��rage suhstantially equiva3eat w the n�ottgage imvtaaoe prevIm�Iy ia effect.at a cast substantiaUy equlvalent�ta the . `,-
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<br /> �:"`;�''��s��� �;�;` oost tn�8�mower of the mortga$e iasnrauce preuiously in effea. from an altennate mnrtgage iasvrer appmve�hy I.ertder. ]f
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<br /> . - substantially equivaf�u cuortgage insatanne cavcia�e is not available.Botm�ver shall pay to i�d��►m����s���1� .
<br /> - ' � . onatwelflh of the y�f.;�.moagage in�rance��being paid by Bomower when the insuranoe coverage lapsed or ceased to �
<br />- _ be iu effect.Leader v:aTl�Evicept.u��;td retaia�payments as a loss reserve in lIeu of�mortgage insutanae. Loss teserve ,
<br /> ,, ;:5;��::tti�; . ,. � �o�+soaa 8/90 .
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