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<br /> `"' ,. ` 5.. Haza�rl ter prog�rty Inswaac�. Bnrmw-es shall keeQ the improvemet►ts na�� e�isting as hereafter erected on the � -a'`;
<br /> Ha a
<br /> ,`-:'� �_ `.� Property inwrai against lo�s by firc. hazaid.c included w�tfiiA the term°extended cnverage'and any ash�l�zards.including ---
<br /> . tloods or�Ioadis�g.for whicl�ixnder reqnires insuranae.This insuranoe s!�!1 be maintained in the amaunts and for the pesiods t--�:-
<br />-„ •� � .- . _ - that Leader requires.The iasurance carriet Froviding the insuranoe shall 6e chasen by Borrower sut+ject to l.ender s approval °°`,,
<br /> .'.',�. � '� tivhich shali not be unreaconabty withhetd. !f Borrower fails to maintain coverage descrif�d abme. l.ender may.at i.ender's i
<br /> °`� ' T optian.obtain mve�ge w pmtect Leader s rights in the P�apeity in�oordance with paragraph 7. ..
<br /> : �,�'. � `: : A!1 insuranoe pnlicie.s and reaewal's shall 6e acoepta6lc to Lxader and s6aI1 inctude a standard mortgage clause. Le.�dex ;�.�
<br /> � • shall ha�s the right to hold the policies and�enewais.If Lender requires.Borro�ver shall promptly give to Ixnder all receipis af .��-�� .
<br />, '- ---_.- paid premimns anci rene�val notices.In the e�ent of loss.Banowe�shsill give pmmpt notice to the insuranc�e carrier and Lertder. ��.��:, :
<br /> - i.ender map mxke proof of tass�f aflt a�sle prompi[Y by Borrouer. ` -
<br /> � Uni�cs Lender aad Borrower otheiwise agree in a�riting.iasurance prooeeds si�ail i�appti�i tv rcatui3tion�r r,�►asr c�'the �`
<br /> property daimged.if the restorauon ar repair is eoonomically f�+sible and I.ender's security is nat tessened_If the restoration or
<br /> -� �- - repair is not eoonamIcsliy feasibte or Lender s security woutd be tessened.the insuranoe Procceds shall be apptied to the sums
<br /> ,:",�`- ��--..� ',. secured Bp tUis Saauity Insuument. avhether or nat ihCn d¢e. with an}'excess Paid ta Barrower. If Borrower abandons the
<br /> Pmpert3+.or daes not unswer within 30�days a natioe ftom�Leiader that the insur�ce car�ier bas offered w s�tle a claiau.then
<br /> ' • Lender m2y collect the i�*�s"ce proae�ds. Leader�y nse tlrc•pmceeds to repair or nstore the Progerty or to PaY � ,
<br /> � ` '�,.�t'`: ''..f;,y secuc�ed by this Security t�ment.wh�lier or nat then due.The 3A�d,�►Y Periad ar�'116egin.when the nntioe is given. " �.
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<br /> Unte�c Lender and Borcower otherwise agree in writinS• �Y aPPU�ion Qf proceads to principal shall not eat�ssi ar �� ';G
<br /> Pa�Aoae the due date of the monthlY Paymeats referred to in p�ugrapiu 1 and:T er c#aange the amount of the paymenu- If �, .
<br /> �• untter paragragn 2I ihe Prope�ty is acquiieci by txnder.Bamnwer's 3ri$bc m mi�.�I���s and prczeeecls cesulting t�sm ,
<br /> .. .�;a;.� ; dsunage m.th�Pr4PertY Arior to tite ecquisition shall pass to Lender tdthe e�ci�i���aued 6y this Securicy U�strament
<br /> �.„ �.. ,�.�°' ;: imm�iatcly pr�or to the aoc�isition. . -: :j
<br />; ,,.:'- + �. 6.Uaarpancy.Pr�vatIoW Maintenaase s�nd Prutedion•of Rit�Frugetiy;'Sorros�s Loan Appt[catfnn,LeasehoIdg. .
<br /> � ''� ' Barrowet 6httll oca�pq,c4taBlisd.and use the Pinperty as Bortower's principal residence within sixty days after theeaecution of
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<br />.--`�==-,"'-• -:. • this Se�wity[ns�m�tt and sliall rnnuriue to oaa�py the iko�;�s Barrowe�s principal residenre Cor at teast one year after . •
<br /> the duce af aocupancy.uNess Lender othenvise agrees in wrItfng„tufiich oonsent shall not be un�easonably withheld.er ttu�i�s� ,
<br /> , � .``' extenuating cin�mu�s.exist which ac�e beyond Bomower'�•,a.�ixtrol. Borrower shall noi destroy. damage,or imgai�e u�e. .=�°,
<br /> � �� ' Froperty.alloa the Pto�y to deteriorate. or cammit waste ori the Propertjr. Borrower shall be in default if any forfeiCUr�;.. :<'.';
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<br /> � _ .' ��:. action or proceeding,wi�fier civi!or crimiaal.is begun that in I.ender's gand faita iudgment oould•result in fodeiture of th8�. . �
<br /> '�,', .:•_ .-, � p���or otherwise materialty impair the lien created by th[s�ecurity Inmument or Lender s security interest.Bomower may � '•'
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<br /> �:;�`•`; cure such a default and reinstate.as.provided in h l�,, ,:c�.using the a�xion or pracaedbrrg to be dismissed with a niling . -
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<br /> ��;; that, in l.ender's gaod faith deteanivatiqb, P�+ec�►�des forfe�ture:of the Barrower's imerest ia ihe Property or other material _
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<br /> ' "' impairment af ths lien c�eated 6y this See�ity. L�xi�ent or s seivrity interest•Borrower shall,also be in defaWt if �
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<br /> ` ` '� � Borrower.during the loa�application pro6��as!�nirtt�ial�Y �or inaccvmte infarmaaon or statemems to Lendes(or faited �;.:� �
<br /> 4 '� W pmvidc Ixnder with aay material info�tivn'J;+a'S:+ao�an:�t1�e loan evidenoed by the Nate.irictuding.bai aot limited %,:�„��,:
<br /> ta.te9rc�t�ions conceaning Borroner`�ac�;aii�:tt�tdt�;P�►��.i-y,;ss a principa!residence.If this Security Instnunent es on a „�N ''.
<br /> ' te.�sehotdr �iirro�ver sdali compty w�di..alF tFs�pi+rvisi�a��s��;��..�. If Borrower aoquites fe� rit�e to the Pmp�t�..�t�,�� ;��,;
<br /> _; .; �Ie�se3taW arnt the fee tida shall noi mer�e W�e�s I.,���$*ees to fts�merger in wridng. �'�.:� ,,. , +. • _
<br /> _ � ' 7.Pcvteetion of Lender's Rights in tQre�i+up�:'If Borrower fails to perfdrm the covenants and agreements wmtimd it� .� ',;;.,;:�_:
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<br />_ � ' ��`:s�•this Security Instrament.or there is a�ggat pmceeding that�nay significantiy affect Lender s r�ghts in the ProFertY(sach as a :i;'ti,,_��_.-___
<br /> y ' '� ���;', proaeeding in bankruptcy.prabate.fa�a�demnacion or forfeitnn or to enforce laws or cegulntions).then Lender may do and . '� `
<br /> j��,� ., pay for whatwer is necessary to pruta�l:�lk�value Qf the Property and Lend�'s rigtits iA th0 Ptoperty. l.ender's actions may � _;
<br /> ��... �.�: ��,�F�'t ` +`�'�include paying any sums serured is�t;��:�.wiu�{ h�s Priority aver th�s Security Inmument. ap�earing in vou�t, paying
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<br /> "�,•' ��•seasanable attomeys'fees and entering rst.w��►:�j�....t to make repairs.Although L.ender may take ac[ion under this paragraph .�-_
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<br /> '��7 Lender does not have to do so.
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<br /> '1�� " Aqy amounts disbutsed•by [.e�t3i�.1�-'��er.ti�s paraBraPb.,?��hall beoome additional debt of Boirower s�cuced��.y.�t�is :. •
<br /> � . � Security Ir�swment.Unless Borrowei:�'1i7�►�`Q.�ender agree to atfi�u.i�zns of payment.these amounts sAall 6ear irteresc�i�CO:t�
<br /> " � . date of disbursement at the Note tate�and shall be payable..wz�+�r 7merest. upon noticc fmm I.ender to Bmrower n�u�j'+►g .-=-
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<br /> • ; Payment. '•:'-:=�
<br />-. 1 ° �r 8.Mortgage lasatance.If I.ender required martgage insurancc as a cundition of making the laan secured by this Securiry '•.:.,-
<br /> . ,,',�� �� Instrument:Borrower shall pay the pnemiums tequired to maintain the mortgage insurance in effect. If, for any reason.the .' `�� �="
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<br /> mort g a ge insurance covemge required by l.cnder lapses or ceases to be in effect.Borrower�TSl!pay the pmmiums�N���a
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<br /> ���. _ �k , ' obtain coverage substantially equivalent tp,the mo.�gage insurance previous ly iri e f f e c t.a t a r`;,�i t s a b s t az►t i a i l y e q u i v a l e n t t o t h e ry
<br /> _ •�� '�� cost to Borrower of�idr�rt„�age insurance p�vijs�isly.in effect, from an alteinate mottg:ige insumr approvod by LenQer. If
<br /> . . �� ,substantialty equivateat�irnm�sige�ce ooi�e�.r„'=t;;not avai l a b le.B orrow•er s h a 1 1 p a y.t o I x n d e r e a c h i:i o n t h a s u m e q u a l t o �
<br /> .' � '� an�-ta-eSft��Qf the ye�:c�urt��i insurisare prCtruum:lsefng��.�d 6y BotroHer when the insuranoe coverage lapsed ar cease�to �
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<br /> . , be in c�n�;-�i�ea�ilt�s�cePt.a...�.,�ti?t�tatn thesu.tt�Y+���'tjs�}�:Ioss reserve in lieu of mortgage insuranoe. Loss seserve �._..�.
<br /> '� ' � �. Form 8028 9/90 •
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