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<br /> -- «.. � S. �s�rt!or Pto�r [�tuunse. Bormvrer st�a11 keep the impmvemcess now o e e� eci on the
<br /> ��'�'�. � praperty tnsuned againse Eoss 6y fire.harards inciuded �vith�n the tetm°extr�tded cave�e'ans ony athes�ds.����5
<br /> .°. , ftaod,or flaoding.for whicl�Leader r�qnires insuractce.'Fhis iasuraace sl�alt be mainti+'sned in the nmuunts and for the pecFads
<br /> .� .�, •��` thai Lender cequires.The insur�tcce carrier pmviding the insurnnce shal!be chosen by Bnrrativer subject w L�ender's�proval �
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<br /> • . . wiucA shatl aoi he anr�.sflna6ty �vithlietd. Lf Borrnwer fvis to maintain coveragc desstihed abave. t�slcr tnay.at tender's
<br /> `� , optio�.obnin c.overage to protect L,ender's ris6u in the Fmprrty in acoordanoe witb paragraph 7-
<br />" _ '�` .� AII inwranoe policies and rencwafs sha11 be uoaeptabte w I.eader und shztl inctude a standard mortgage ctause. Lend�r _
<br />---= sl�a12 have thr right to hold the policies and renewals.[f Lender requires.Borr�wer sIss�ll pmmptly sive to Lettder�11 c�eipts o! _
<br /> ��`� :. �` . paid gremiums aad reae�+ral notices-In c6e event of toss.Borrower shall give prompt ootice to the insuranoe c�ier aud I.erider.
<br /> . ` I�nder may make pmof oi toss if aot made pmmp�ly by Borrower.
<br /> ' � � -',.,� Unless.laeader aad Borcower othernise agree in writ�ng. insuranoe pmoeeds sLall be appliod to�storadan or repair of the
<br /> � ,�`.'.,��. proFQrt3►da�ed.if t0e�to�ation or�pazr is eoonomtcally feuible aad IRader's securiEp is not lesseaed.[f th�restoradon or .
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<br /> .��. - `;. .;}� repair is nnt eoonamicaliy feasibie or Lender's s�urity woWd be tessen�.the insu:aace praoeeds sh�ll be appli�ro the sums '
<br /> � secured by this 5eauity Instmment,whethu or not t�►dae,with aay exoess paid ta�onower. If Borrower ubandoas the .'.
<br /> . . _ ' •`,�- pro�erty.ar does not answer within 30 days a aotice fmm Leader that the iasutanct carrlee has offe�ed to settte a c1alm.thea �_--
<br /> ` + ` ^. .•r. I.ender may caliecx the insuiance ptuoeeds. Leader may as�the prooeeds to tepair or restore die Pmperty ar to pay swnv �',.:•:
<br /> ,. �"�.- ti�-- secnred b this Secari Inswment,whether or not tAsn due.The 34day periai will begin wheu the rcotice is given.
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<br /> .. � ._G� Unless Leuder and Bo:vwer o•ienvise��r^:in writing,aary apPlicazion of p m ce e d s to prin d p a l s h a l l stot e a t e t W or .�,:
<br /> � '��= pastpone the due date af the mont6ly paya�a�rei.:med w 'n paragraphs 1 aad 2 or change ttie amount of the pay�. If �_-
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<br /> - r �� under p�h 21 the t'mpe�t�+is aaiw�ed bY I�nder.Bor�ower s right to any insurance poiicies and praoeeds resuldng from -- `
<br /> � ' . ,'`''` daznage to the Property prios to the aoquisition shall pass w Lender to the extent of the sums secu�ed by this Seaulty Iashument �.`
<br /> , '�< `�•;' jmmediatrty�O!IO t$C 3CQllISItIOA. �':'
<br /> _� -,. �-µ�: 6.Oxapa�tsy,�vatioa,lLlai�uoe aad F'totectfion of the Frv e �
<br /> �;( te psYiy:Bnrrower's I.oan AppScaBan;Le�ehaids.
<br />�- � '��`` Borrower shall oxupy,establish,and use the Properry as Boraowsr's priaapal residence within sixty days after the execut�on of
<br /> , ...`��. .s Secari Inswmeat and shall wn6nue to o the Properiy as Borrower's principal resictence for at I�st.one year after �.
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<br /> �r�:`�`•.:• .. . the daie ofty unless Lender othernrise� in wsitin , whicb consent shall not be anmasot�aably witl�eld:or ualess � �
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<br /> �t. ' ,��, e�t�ttating�in�aanstances exist wlricb are 5eyond Borrourer's coauol. Borrawer sHaU not destmy, daznage or ia�pair the ��.'
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<br /> � : Pivpeity,altow tTae Property ro deterioiat�e, or aommit wraste on the Propeny.Bomower shall 6e in defauh if a�r forfeiture �:;
<br /> `��',..�`� : actioa or procee�l.g,wh�teer civil ar criminal.is begun that in I.e�rder's good faith judgment conld resvlt in forfeiEnre of the -
<br /> . . .. ..• " 'r Pmg�ty or ottcet�u'�materia]I]+impair the Iien cmated by thes Se�ccurity Iastrumani or Lender's security iuterest.Bormwer may �'"_
<br /> . �.. :r�.� ca��:ch a def�'t�and reinst�e.ss provide.�l in paragraph 18,6y c�using the aciion or pror,eeding to Ise dismisssd erith a iuEing =
<br />_ �. ��� ���`.�` that, in I.ender's gond faith d��rmination. precludes forfeiture of the Borrower's interest in tQe Property or other �rmtetial -
<br /> ��� ' f�b� impairment of t�lien created by tS�is Secusiry Insaument or I.ende�'s sacuriry imerest. Borrnwer s1�all also be in default if °
<br /> '��� Borrower.durin^ pmc�.p Y
<br /> . . :,�t.,sy, �2�e loan applicauon ve materiall false or i�crate info�on or statemenis to Leuder(or fa�7ed ' �;'-
<br /> , to provide I.eader witb any matesial informatian)in conaectFon with the taa�evidenred by.the Nate.including,but aot litnited =__
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<br /> __ ' �� to.represeataaons conceming Borrower's occupancy of the Pcoperty as a principai resideace.If this Securiry Inst�unent is an a _
<br /> -'`��' iza�ehotd, r o„owe� sliali casnply ar:th al� she pm�nsion4 of tFs�.lease. If Hoiro�a�ez accjuises fee title ta the P,tap�ty, tII4 . --
<br /> �.�•,i leasehold aad the fee dtle shsil not merge unless Lender agrees to ths merger in writing. . � `-�-
<br />- . , , 7.Fmt�Fm�af l.ender's R(ghts in th�froperty.If Eormwer faiLs to perform the covenants and agreements ooutaiaeQ in. _ -
<br /> ". '..��.{ •this Securiry I�.'nt. or there is a legal pmceeding thai may signifir�aatly affect I.ender's sights in the ProPertY(suc6 as 3. , �
<br /> .�. ° ' �• �-i pmceeding in b�ptcy,p�+.�;for condemnarion ar far.feitune or to enforcelaws or regutations).then Lender may do aad �. .
<br /> .,:?.���"�.`• ; PaY �:=`whasevet•is necessasg:�ptotect the value of�the�_�rty and L.ender's ri�1s in the Property.IRnder's zctinns tnay =
<br /> :',r;�;��;,:. '.� ,'�,' inc�=Paying any,sunns�seeui�d by a lien which has pfr�brtty over this Securits��nstrament, aPFeariag in oourt,paying =
<br /> .':���,,'. �+��:' reasona6te attotcr�s'�•fees and entering on the Pcoperty to mako repairs.Although LendEr may take actEon ander this paragraph " _
<br /> � ,.� .�f(,�� —.
<br /> �;!: `,,r�r 7,Lender does no�6ave to do so. �`
<br /> i���s� .Any atnounta_disburseA by Lender nnder this parag�ap6 7 shalt �t+acome addi;i7�na1 debt ef��oriower secured Dy this _ __
<br /> �y�� . Sear�,iy InStrumeut:Untess Borrower attd l.ettder agree to other terms e,f pa4yment;�e amonnts stlall 6ear inlr�st ftom We � =_
<br /> �• . , d a t,�cf djsbursement at the Note rate and shall be payable,with inte�,..s. upon notice from l,ender to,Bom��:�:requesttng �_:
<br /> ' Payment. . : . F
<br /> ' S.Mart�e Insurance.If I.ender required mortgage iasuranoe as a condltion of making the tmaa secpred b}�Yhis Securitpy �� • • '�`
<br /> � :_-
<br /> � -• � �< � Instrument, Borrower shall pay the premiums requ9red to maintain tAe mortgage ins�.+sance in eftz�. If, for a�reason, tha �,_,
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<br /> � � . . '. ; �age insurance coverage requirod by l.ender tapses or ceases to be in effect,Bon.v�et shall pay the pre��'��required to ��;_�.
<br /> � � abtain caverage substantially equivalent to the mortgsage insurance pr+eviously ia effe�,.�tt a cost suhstantially�yrivatent to the � ' °
<br /> . ' .,,-,4,';; cost to�orrower of the mortgage insurance prevtously in eHect,from an altemate mortgage ins�:r apptov�by l.ender. If � -
<br />— • � �•f�1�,� substantialty eg¢ivat�..°nt mortgage insurance covera,e is not available,Borrower ahall pay to Lender�ach moath a sum equal to� �i�s;
<br /> - . . :,r:, t..� �=i:=.
<br /> -;,,. �' �- one-twelfth of the yearly�age insurance premium being yaid by Eorrower ahea�rI�insuzance ooverage lap~.�.°d or ceased to :.�,
<br />_�;;;,�;�1! ' ', �� be ir�ffect.Lender will aoee�a�use and retaln these paymm's as a lass ieserve in licu of mortgage irtsurart�..�C.oss n�erve °=�
<br /> 'iyy's._,
<br /> : � •f Form so29 9/90 _
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